Ayala Pharmaceuticals Inc (ADXS): A negative vote in the House seems baked...

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Re: James salmon post# 16527

Friday, 03/24/2017 1:33:46 PM

Friday, March 24, 2017 1:33:46 PM

A negative vote in the House seems baked-in at this point. What concerns me as a biotech investor is that the inability to pass healthcare legislation could make it harder for Congress to pass US corporate-tax reform, due to the peculiarities of the Congressional budgeting process.

If there are diminished prospects for US corporate-tax reform, much of the gain in the broad stock market (including many drug/biotech stocks) since the US presidential election could evaporate.

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