Cigna (CI) Shares Dip on Presidential Push Against Drug Middlemen

 

• The Cigna Group (CI, Financial) stock experiences a 5% drop following policy changes targeting pharmacy benefit managers.

In a notable shift affecting The Cigna Group (NYSE: CI), the company's stock witnessed a 5% decline. This reaction followed President Trump's announcement at a White House event targeting pharmacy benefit managers. The new initiative aims to cut down on drug prices, which includes reforming intermediaries such as Cigna's Express Scripts. Notably, this policy shift also led to a 3% decrease in CVS Health's stock.

https://www.gurufocus.com/news/2854171/cigna-ci-shares-dip-on-presidential-push-against-drug-middlemen