The Morning Badger: Trump vs. Drug Companies?


Here’s what you need to know for today:

Trump is…tough against drug companies?

During yesterday’s press conference, Trump said drug companies are “getting away with murder.” This subsequently caused pharmaceutical stocks to go down. Could we expect the president-elect to help consumers (and, yeah, hurt the drug industry)?

A Stock market for memes?

/r/MemeEconomy is a mock market where no real money is exchanged. Yet it places a hypothetical value on memes of past and present. We would make a meme-related joke here, but chances are the meme would be worthless by the time you read this article on the exchange by The Verge.

Good news for the U.K.

The FTSE 100, Britain’s best-known stock index, is at a 12-day high. It hasn’t performed this way since 1984. To learn more about how this index works and why it’s doing so well, get the scoop from Quartz.

Hatchimals could get more expensive.

In the coming months and years, U.S. companies could see a lower corporate tax rate, but they won’t be able to deduct the cost of goods made overseas from their taxes. While this would impact many companies, it’ll hit toy companies particularly hard. Consumerist has an interesting story on how toy prices might go up in the near future.


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