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Cigna and CVS Health stock prices fell after Trump proposed lowering drug prices by "eliminating middlemen" earlier.

13/05/2025

The stock prices of American healthcare companies with pharmacy benefit management businesses fell on Monday, following a plan proposed by President Donald Trump aimed at "eliminating" intermediaries in the pharmaceutical industry to lower drug prices. Cigna dropped 7.2% at one point, CVS Health fell 5%; UnitedHealth dropped 1%.

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2 m ago

The Nasdaq ETF closed up more than 4%, leading the way among major asset class ETFs in the US stock market, followed by small-cap stock ETFs and S&P ETFs. Meanwhile, the Japanese yen ETF and gold ETF both fell more than 2%.

5 m ago

Most shipping stocks on the US stock market closed higher, with ZIM (ZIM.US) rising by 13.95% and L3Harris Technologies (LHX) falling by 0.20%. Maersk ADR (AMKBY) rose by 9.81% and Hapag-Lloyd ADR (HPGLY) rose by 11.98%.

5 m ago

Most American shipping stocks closed up, with Star Shipping up 13.95% and L3Harris Technology down 0.20%. Maersk ADR rose 9.81% and Hapag-Lloyd ADR rose 11.98%.

5 m ago

UBS: Maintains a Buy rating on Cullinan Therapeutics (CGEM.US), adjusted from a Buy rating, with a target price adjusted from $30.00 to $24.00.

7 m ago

UBS: Maintains Buy rating on Analog Devices (ADI.US), adjusted from Buy to Buy rating, with a target price adjusted from $300.00 to $295.00.

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