Obama Vs. Big Pharma
Posted August 1, 2008
"The government controls billions of dollars. That kind of power can make or break an industry." — Charles Delvalle
Blogger’s note: Healthcare in general and pharmaceutical companies in particular are a standard safe haven for investors. During a recession, even if the public cuts back on the little luxuries (and the big luxuries, in some cases), they don’t stop spending money on their health. Doctors are still consulted and medications are still bought, despite any economic downturn.
But Charles Delvalle of Early to Rise thinks this time around things might be different. If Barrack Obama wins the White House, will this safe haven investment lose its potency and its profits? Read on to learn more, or find the article here.
by Charles Delvalle
Baltimore — (TFN): Some of the solidest opportunities in the stock market arise because of politics.
The government controls billions of dollars. That kind of power can make or break an industry. And the effect that an Obama presidency could have on pharmaceutical companies is one you should be aware of.
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As you may know, Obama (and Democrats, in general) is in favor of importing generic medicines from overseas. This would not only increase the use of generics in this country, but also allow the government to negotiate lower prices with U.S. drug manufacturers for their name brands. Sounds good for us… Read on to learn more (2nd article).
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