Bloomberg Market Wrap 12/4: Pharma and Bank Stocks, Yield Curve

The video discusses the performance of the S&P 500 pharma index, highlighting its resilience despite market downturns. It examines the potential impact of a divided Congress on drug pricing policies. The video also explores the implications of yield curve inversion as a recession signal, referencing past bear markets. Finally, it analyzes the banking sector's struggles with rising interest rates and the flattening yield curve, affecting revenue from loans.

Discuss the potential implications of a divided Congress on drug pricing policies.

What impact does the flattening of the yield curve have on bank revenues?