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US Stocks Today: Pharmaceutical companies like Pfizer, Amgen, and Merck & Co. shares jumped more than 3 per cent at the Wall Street open on Monday, May 12, after the US President announced that he would cut drug prices by 59 per cent for sale inside America. 

Pharmaceutical stocks like Pfizer Inc., Amgen Inc., Johnson & Johnson, Eli Lilly & Co., and Merck & Co. Inc. jumped on Monday, after US markets opened after Trump's announcement. 

Pharma giant, Pfizer's shares jumped 3.3 per cent to hit the intraday high of $23.02 as of the early Wall Street session. The stock is now trading 2.92 per cent higher at $22.94 in Monday's market, compared to $22.28 in the previous US market close. 

Amgen Inc. shares gained 3.8 per cent to

(This is a breaking story. The story will be updated soon) 

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