Trump says pharma 'getting away with murder,' stocks slideNEW YORK (Reuters) - U.S. President-elect Donald Trump on Wednesday said pharmaceutical companies are “getting away with murder” in what they charge the government for medicines, and promised that would change, sending drugs stocks sharply lower. The benchmark S&P 500 index .SPX slipped into negative territory after his remarks at a news conference spooked investors. The iShares Nasdaq Biotech ETF (IBB.O) dropped 4 percent at its session low and ended down 3 percent, its largest daily percentage drop in three months. “When the president-elect says we’re going to negotiate drug pricing, you have to take that seriously, but at the same this is a complicated issue because there’s not going to be clarity on drug pricing reform anytime soon,” said Brad Loncar, manager of the Loncar Cancer Immunotherapy ETF (CNCR.O). “When somebody that high profile says something that negative, people do not want to invest in it.” Trump has blasted other industries for charging the government too much, particularly defense companies, but has made only a few public statements about drug pricing since being elected. He briefly mentioned Lockheed Martin Corp (LMT.N), Ford Motor Co (F.N), and United Technologies Corp (UTX.N) during the news conference and promised a border tax for companies producing products for U.S. consumers outside the United States. Back in May, then-candidate Trump said Amazon (AMZN.O) was also “getting away with murder,” referring to taxes in that case. The stock fell as much as 4 percent in the next few days but is up almost 12 percent since Trump’s remark. After his promise to bring down drug spending, the ARCA pharmaceutical index gave up as much as 2.6 percent and ended the day down 1.7 percent. The drug industry has been on edge for two years about the potential for more government pressure on pricing after sharp increases in the costs of some life-saving drugs drew scrutiny in the press and among lawmakers. The government is investigating Medicaid and Medicare overspending on Mylan NV’s (MYL.O) allergy treatment EpiPen, for instance. David Katz, chief investment officer at Matrix Asset Advisors in New York, said negative comments on drug pricing trigger selling both from algorithms and investors who suffered from share drops when Democrat Hillary Clinton campaigned against healthcare cost increases. Trump’s campaign platform included allowing the Medicare healthcare program to negotiate with pharmaceutical companies, which the law currently prohibits. He has also discussed making it easier to import drugs at cheaper prices. “We are going to start bidding. We are going to save billions of dollars over time,” Trump said. Medicare, which covers more than 55 million elderly or disabled Americans, spent $325 billion on medicines in 2015. Industry trade group Pharmaceutical Research and Manufacturers of America, or PhRMA President Stephen Ubl said “Medicines are purchased in a competitive marketplace where large, sophisticated purchasers aggressively negotiate lower prices.”  He said the industry is “committed to working with President-elect Trump and Congress to improve American competitiveness and protect American jobs.”  Roche Pharmaceuticals CEO Daniel O’Day said in an interview at a JPMorgan conference in San Francisco that Roche Holding AG (ROG.S) focuses on innovation and investing in research. Price increases over the past several years have been “responsible” and in the range of low to mid single digits, he said. At the same conference, Mylan CEO Heather Bresch said it was premature to respond to Trump’s comments, when she was asked during an investor presentation. She said the industry should look again at how healthcare is set up as the government repeals the Affordable Care Act.  Trump said he plans to repeal the Affordable Care Act, or Obamacare, and replace it at about the same time. The news helped shares of hospitals, which are nervous about losing government payments for medical services. It hurt some health insurers, like Anthem Inc (ANTM.N), which sell plans on the government-run health insurance exchanges. Healthcare ETFs including the Health Care Select Sector SPDR Fund (XLV) (XLV.P) and the IBB drew their highest trading volume since Nov. 10, in the wake of Trump’s election. Trading volume in XLV options jumped to 58,248 contracts, more than twice the average daily volume according to Reuters data. Healthcare sector stocks were the largest drag on the S&P 500 .SPX and the Nasdaq 100 .NDX. politicsNews
trump says pharma away murder stocks slidenew york reuters donald trump wednesday said pharmaceutical companies getting away murder charge government medicines promised would change sending drugs stocks sharply lower the benchmark s p index slipped negative territory remarks news conference looked investors the shares nasdaq biotech et dropped percent session low ended percent largest daily percentage drop three months when says going negotiate drug pricing take seriously complicated issue going clarity drug pricing reform anytime soon said brad local manager local cancer immunotherapy et when somebody high profile says something negative people want invest trump blasted industries charging government much particularly defense companies made public statements drug pricing since elected he briefly mentioned locked martin corp ford motor co united technologies corp news conference promised border tax companies producing products consumers outside united states back may trump said amazon also getting away murder referring taxes case the stock fell much percent next days almost percent since trump remark after promise bring drug spending area pharmaceutical index gave much percent ended day percent the drug industry edge two years potential government pressure pricing sharp increases costs drugs drew scrutiny press among lawmakers the government investigating medical medical overspending milan nv allergy treatment pipe instance david katz chief investment officer matrix asset advisors new york said negative comments drug pricing trigger selling algorithms investors suffered share drops democrat hillary clinton campaigned healthcare cost increases trump campaign platform included allowing medical healthcare program negotiate pharmaceutical companies law currently prohibits he also discussed making easier import drugs cheaper prices we going start bidding we going save billions dollars time trump said medical covers million elderly disabled americans spent billion medicines industry trade group pharmaceutical research manufacturers america pharma president stephen ubl said medicines purchased competitive marketplace large sophisticated purchasers aggressively negotiate lower he said industry committed working trump congress improve american competitiveness protect american roche pharmaceuticals ceo daniel o day said interview morgan conference san francisco roche holding ag focuses innovation investing research price increases past several years responsible range low mid single digits said at conference milan ceo heather breach said premature respond trump comments asked investor presentation she said industry look healthcare set government reveals affordable care act trump said plans repeal affordable care act obamacare replace time the news helped shares hospitals nervous losing government payments medical services it hurt health insurers like anthem inc sell plans health insurance exchanges healthcare ets including health care select sector spur fund lv bb drew highest trading volume since wake trump election trading volume lv options jumped contracts twice average daily volume according reuters data healthcare sector stocks largest drag s p nasdaq politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Trump says pharma 'getting away with murder,' stocks slideNEW YORK (Reuters) - U.S. President-elect Donald Trump on Wednesday said pharmaceutical companies are “getting away with murder” in what they charge the government for medicines, and promised that would change, sending drugs stocks sharply lower. The benchmark S&P 500 index .SPX slipped into negative territory after his remarks at a news conference spooked investors. The iShares Nasdaq Biotech ETF (IBB.O) dropped 4 percent at its session low and ended down 3 percent, its largest daily percentage drop in three months. “When the president-elect says we’re going to negotiate drug pricing, you have to take that seriously, but at the same this is a complicated issue because there’s not going to be clarity on drug pricing reform anytime soon,” said Brad Loncar, manager of the Loncar Cancer Immunotherapy ETF (CNCR.O). “When somebody that high profile says something that negative, people do not want to invest in it.” Trump has blasted other industries for charging the government too much, particularly defense companies, but has made only a few public statements about drug pricing since being elected. He briefly mentioned Lockheed Martin Corp (LMT.N), Ford Motor Co (F.N), and United Technologies Corp (UTX.N) during the news conference and promised a border tax for companies producing products for U.S. consumers outside the United States. Back in May, then-candidate Trump said Amazon (AMZN.O) was also “getting away with murder,” referring to taxes in that case. The stock fell as much as 4 percent in the next few days but is up almost 12 percent since Trump’s remark. After his promise to bring down drug spending, the ARCA pharmaceutical index gave up as much as 2.6 percent and ended the day down 1.7 percent. The drug industry has been on edge for two years about the potential for more government pressure on pricing after sharp increases in the costs of some life-saving drugs drew scrutiny in the press and among lawmakers. The government is investigating Medicaid and Medicare overspending on Mylan NV’s (MYL.O) allergy treatment EpiPen, for instance. David Katz, chief investment officer at Matrix Asset Advisors in New York, said negative comments on drug pricing trigger selling both from algorithms and investors who suffered from share drops when Democrat Hillary Clinton campaigned against healthcare cost increases. Trump’s campaign platform included allowing the Medicare healthcare program to negotiate with pharmaceutical companies, which the law currently prohibits. He has also discussed making it easier to import drugs at cheaper prices. “We are going to start bidding. We are going to save billions of dollars over time,” Trump said. Medicare, which covers more than 55 million elderly or disabled Americans, spent $325 billion on medicines in 2015. Industry trade group Pharmaceutical Research and Manufacturers of America, or PhRMA President Stephen Ubl said “Medicines are purchased in a competitive marketplace where large, sophisticated purchasers aggressively negotiate lower prices.”  He said the industry is “committed to working with President-elect Trump and Congress to improve American competitiveness and protect American jobs.”  Roche Pharmaceuticals CEO Daniel O’Day said in an interview at a JPMorgan conference in San Francisco that Roche Holding AG (ROG.S) focuses on innovation and investing in research. Price increases over the past several years have been “responsible” and in the range of low to mid single digits, he said. At the same conference, Mylan CEO Heather Bresch said it was premature to respond to Trump’s comments, when she was asked during an investor presentation. She said the industry should look again at how healthcare is set up as the government repeals the Affordable Care Act.  Trump said he plans to repeal the Affordable Care Act, or Obamacare, and replace it at about the same time. The news helped shares of hospitals, which are nervous about losing government payments for medical services. It hurt some health insurers, like Anthem Inc (ANTM.N), which sell plans on the government-run health insurance exchanges. Healthcare ETFs including the Health Care Select Sector SPDR Fund (XLV) (XLV.P) and the IBB drew their highest trading volume since Nov. 10, in the wake of Trump’s election. Trading volume in XLV options jumped to 58,248 contracts, more than twice the average daily volume according to Reuters data. Healthcare sector stocks were the largest drag on the S&P 500 .SPX and the Nasdaq 100 .NDX. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: trump says pharma away murder stocks slidenew york reuters donald trump wednesday said pharmaceutical companies getting away murder charge government medicines promised would change sending drugs stocks sharply lower the benchmark s p index slipped negative territory remarks news conference looked investors the shares nasdaq biotech et dropped percent session low ended percent largest daily percentage drop three months when says going negotiate drug pricing take seriously complicated issue going clarity drug pricing reform anytime soon said brad local manager local cancer immunotherapy et when somebody high profile says something negative people want invest trump blasted industries charging government much particularly defense companies made public statements drug pricing since elected he briefly mentioned locked martin corp ford motor co united technologies corp news conference promised border tax companies producing products consumers outside united states back may trump said amazon also getting away murder referring taxes case the stock fell much percent next days almost percent since trump remark after promise bring drug spending area pharmaceutical index gave much percent ended day percent the drug industry edge two years potential government pressure pricing sharp increases costs drugs drew scrutiny press among lawmakers the government investigating medical medical overspending milan nv allergy treatment pipe instance david katz chief investment officer matrix asset advisors new york said negative comments drug pricing trigger selling algorithms investors suffered share drops democrat hillary clinton campaigned healthcare cost increases trump campaign platform included allowing medical healthcare program negotiate pharmaceutical companies law currently prohibits he also discussed making easier import drugs cheaper prices we going start bidding we going save billions dollars time trump said medical covers million elderly disabled americans spent billion medicines industry trade group pharmaceutical research manufacturers america pharma president stephen ubl said medicines purchased competitive marketplace large sophisticated purchasers aggressively negotiate lower he said industry committed working trump congress improve american competitiveness protect american roche pharmaceuticals ceo daniel o day said interview morgan conference san francisco roche holding ag focuses innovation investing research price increases past several years responsible range low mid single digits said at conference milan ceo heather breach said premature respond trump comments asked investor presentation she said industry look healthcare set government reveals affordable care act trump said plans repeal affordable care act obamacare replace time the news helped shares hospitals nervous losing government payments medical services it hurt health insurers like anthem inc sell plans health insurance exchanges healthcare ets including health care select sector spur fund lv bb drew highest trading volume since wake trump election trading volume lv options jumped contracts twice average daily volume according reuters data healthcare sector stocks largest drag s p nasdaq politicsnews