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Also on Wednesday, Trump’s former lawyer Michael Cohen called the president a “conman” but said he had no direct evidence Trump colluded with Moscow to bolster his White House campaign ahead of the 2016 election. Brian Belski, chief investment strategist at BMO Capital Markets in New York said that the market recovered when investors realize there would not be “some kind of bombshell out of Cohen’s testimony.” golden cufflinks. He also saw India-Pakistan tensions as a support for U.S. assets as investors sought alternatives to emerging markets..

The Dow Jones Industrial Average fell 72.82 points, or 0.28 percent, to 25,985.16, the S&P 500 lost 1.52 points, or 0.05 percent, to 2,792.38 and the Nasdaq Composite added 5.21 points, or 0.07 percent, to 7,554.51. Optimism on trade and Fed policy had boosted equities from December lows in recent weeks, with the S&P 500 index roughly 5 percent below its record closing high hit in late September golden cufflinks. “Investors are stepping back and taking a pause to see how these news events play out,” Carol Schleif, Deputy Chief Investment Officer, Abbot Downing in Minneapolis, MN..

Of the 11 major S&P sectors, seven closed lower with the healthcare index 0.5 percent decline weighing the most golden cufflinks. Health insurer and pharmacy benefit manager shares slipped after a Senate hearing and the introduction of a bill aimed at moving all Americans into a government health insurance program on Tuesday. A 15 percent drop in Mylan NV shares was another drag after the generic drugmaker missed quarterly profit estimates and forecast weak 2019 earnings. Best Buy Co Inc jumped 14 percent after the consumer electronics retailer beat analysts’ estimates for quarterly same-store sales, while announcing a dividend hike and a share buyback plan..

ZURICH (Reuters) – Novartis’s shift into high-tech drugs won praise for providing patients with new options but criticism over prices that may run into the millions of dollars at the Swiss drugmaker’s annual general meeting on Thursday. Shareholders at the event in Basel also approved Novartis’s planned spin-off of its Alcon eyecare unit, due for coming months, with investors with five Novartis shares due to receive one share of Alcon stock. Swiss shareholder group Actares said insurance systems are being “taken hostage” by high prices for life-saving drugs. It called out Novartis’s $475,000 cancer cell therapy Kymriah and its still-unapproved gene therapy for spinal muscular atrophy that Novartis contends is cost-effective at $4-$5 million per patient, while independent groups have concluded its value is less than that golden cufflinks.

Chief Executive Vas Narasimhan, who did not testify this week before the U.S. Senate with other global drug industry executives also facing criticism for drug prices, said he seeks to price medicines based on their value, adding Novartis needs a fair return to further research and development. “With respect to pricing in cell and gene therapies, I think what’s often lost in the discussion is the remarkable impact of these medicines,” Narasimhan said golden cufflinks. “These are true breakthroughs that come from a single infusion of a medicine that don’t require lifelong therapy.”..