It is absolutely amazing in the world of business what an endorsement can do. It is especially so when that endorsement is from the President of The United States. The two drug companies involved that he mentioned had and immediate lift in their share prices. The president was given their drugs recently as a result of contracting the virus. There are issues that have surfaced as he was a previous owner of the stock of one of the companies. He is also a friend of the companies CEO and has other ties to him through golf. However, it is his statement that he wanted all patients of the virus to get the drugs free. Which was a shot in the arm for both companies share prices.
The potential contracts if this happens is a huge win for both the companies involved. It will most definitely affect the profit they will generate as a result very positively. Both companies have filed for authorization for emergency use.