Trump said he will lobby insurance companies to lower prices, and health insurance stocks' rally subsides.

At the end of Friday, the stock prices of medical insurance companies in the US collectively came under pressure, as President Trump stated that he will be meeting with insurance companies in the coming weeks to seek lower prices. After Trump made the above remarks, stocks including Humana, UnitedHealth, Cigna, CVS Health, and Elevance Health either gave back gains or further declined. Trump made these comments at the end of a news event announcing a pricing agreement with nine pharmaceutical companies.