The 5 biggest business stories of 2016

  • 7 years ago
The 5 biggest business stories of 2016 The Dow Jones industrial average tallied more than 25 record highs in 2016. Multiple drug manufacturers, like Turing and Mylan, came under scrutiny for their decision to hike prices on an AIDS-related drug and EpiPens, respectively. Wells Fargo was marred by a scandal in which over 5,000 employees secretly opened millions of unauthorized deposit and credit card accounts that weren’t authorized by customers. Brexit left a short, but impactful, stamp on the stock market in late June when U.S. stocks fell 5 percent as fears spread of disrupted trade relationships with Europe and of other countries that could follow the U.K.’s lead. Donald Trump should have a major impact on the business world with his promises to upend Washington and roll back regulations. Trump is expected to be politically pressured into repealing most of Obamacare and wants to bring back thousands of jobs to America.

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