Investors eye more trade deals, updates from President Trump’s trip to the Middle East and fresh consumer inflation data after U.S. stocks soared Monday as investors celebrated major progress on U.S.-China trade talks.

Pharma stocks were trading higher on May 13 after better-than-feared Donald Trump’s executive order on pharma last night. Earlier on May 12, the US President announced a push to lower domestic drug prices between 30 to 80 percent. He later said the quantum of the reduction would be 59%.

President Donald Trump said he plans to order a cut in US prescription drug costs to bring them in line with other countries, spurring a drop in pharmaceutical shares worldwide.Trump said drug prices will be cut by “59%,