President Trump and HHS Secretary Alex Azar arrive for a speech about lowering drug prices in the Rose Garden of the White House Friday.

Trump promised to bring pharma to justice. His speech sent drug stocks soaring

For months, President Trump promised to deliver a speech that would put to justice the pharma companies he claimed were gouging consumers. But his long-awaited remarks, delivered Friday, sent biopharma stocks skyward instead.

Trump did not call for Medicare to negotiate lower prescription drug prices, an idea the industry had feared, and he did not revisit the caustic rhetoric that marked his presidential campaign.