why are pharma stocks up today

Pharma stocks are up today mainly because Pfizer agreed to a deal with President Donald Trump’s administration to lower prescription drug prices in the U.S. in exchange for tariff relief. This deal has reduced policy uncertainty in the sector and is expected to be followed by other major pharmaceutical companies, which is boosting investor confidence. Additionally, the Trump administration is pursuing new deals with key pharma firms on products like insulin and cancer drugs, further supporting optimism in the sector. The healthcare sector, including pharma stocks, is leading the gains in major indexes like the S&P 500 and Nasdaq Composite today as a result.