"Like It's Dying": Goldman Says Pharma Is Trading Like "The New Coal"
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Goldman Sachs reports that pharmaceutical stocks are experiencing significant declines, likening their current trading status to that of coal during the peak of the ESG era. This downturn follows Trump's announcement to reduce drug prices in the US by up to 80%. According to Goldman’s Seth James, the sector is now trading at its lowest relative PE since the GFC recovery and the peak of the COVID-19 pandemic.
Source: ZeroHedge The copyright of this article belongs to the original author/organization.
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