Pharma stocks, so far, are reacting positively to the news the Donald Trump has upended Hillary Clinton to become the 45th President of the United States of America. However, a Donald Trump presidency may, in fact, be a black swan for this multi-billion industry. Here are 3 reasons why.
Reason No. 1: The Trans-Pacific Partnership would be beneficial to American pharma giants
Donald Trump is a champion of the bold idea of withdrawing from the Trans-Pacific Partnership (TPP). While this dramatic shift in trade policy may sound pro-American, it would unquestionably cause serious damage to the growth prospects of big pharma companies like Pfizer (NYSE:PFE) and Gilead Sciences (NASDAQ:GILD) that are based inside the United States.
