Why July Is a Risky Month for Drug Price Backlash

Trump’s drug pricing plan hasn’t worried investors, but that could change as drug makers raise prices ahead of November elections

Less than two months after its unveiling, President Donald Trump’s plan to lower prescription drug prices is up for a big test.

Investors aren’t particularly worried since it stopped short of calling for Medicare to directly negotiate prices with individual drug companies. What is more, the Trump administration has been rolling the plan out at a deliberate pace.

But...