The Nasdaq Biotechnology Index fell 3%, and the Standard & Poor’s 500 Pharmaceuticals, Biotechnology & Life Sciences Index fell 1.7%, with investors attributing the losses to Trump’s remarks. Trump’s comments were ostensibly a statement, however vague, of policy. In the hours after Trump’s remarks, it was hard to find Republicans on Capitol Hill dismissing the proposal out of hand. Unless the Trump administration is planning to intervene in the clothing and outdoor recreational markets, Trump’s boost to L.L. Trump’s family business, now supposedly run by his sons, will remain a source of ethical conflicts throughout his presidency.

Source: The Star January 13, 2017 23:49 UTC