12 January 2017 - US President-elect Donald Trump said pharmaceutical companies were "getting away with murder" in what they charged the government for medicines, and promised that would change, sending drugs stocks sharply lower on Wednesday.

The benchmark S&P 500 index slipped into negative territory after his remarks at a news conference spooked investors. 

The iShares Nasdaq Biotech ETF dropped 4% at its session low and ended down 3%, its largest daily percentage drop in three months.

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