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Pharma ETFs Boosted After Senate Rejects House Drug Pricing Plan

Pharmaceuticals stocks and ETFs, including the VanEck Vectors Pharmaceutical ETF (NASDAQ: PPH), rallied Friday after Senate Majority Leader Mitch McConnell (R-KY) said a House effort to lower drug prices led by Speaker Nancy Pelosi (D-CA) will not be considered by the Senate. “Senate committees...
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