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Benzinga
Benzinga
Business
Piero Cingari

Trump-Pfizer Deal Pushes Health Care Stocks To Best Rally In 5 Years

Pfizer LLY Donald Trump Health Care United States Pfizer Inc Medicaid
Usa,President,Donald,Trump,On,Smartphone,And,Stock,Image,In

Investors cheered a breakthrough drug pricing agreement between President Donald Trump and Pfizer Inc. (NYSE:PFE), sparking a sector-wide surge in health care stocks that delivered the biggest rally in five years.

The Health Care Select Sector SPDR Fund (NYSE:XLV) soared over 5% across Tuesday and Wednesday, marking its best 2-day performance since November 2020 — when news of the first COVID-19 vaccine lifted markets.

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