The Trump administration may concede to a Chinese proposal that would give less protection for U.S. pharmaceutical products than they receive at home, according to people familiar with the matter, a move that could draw opposition from the American drug industry. Under the Chinese offer being discussed as part of wider trade talks, U.S. pharmaceutical companies would get eight years of regulatory data protection in China for the biologics they develop.
benchmarks. While the tech-heavy Nasdaq reached a record following strong results from Microsoft and Facebook, industrials faltered with the S&P 500 Industrials Sector Index falling 2 percent, the biggest drop since March 22. The dollar extended gains to a four-month high and Treasuries dipped after solid U.S. durable-goods data. Brent crude couldn’t hold a rally past $75 a barrel.The next few days are likely to be a tipping point for the world’s top performing stock market in China.
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