joining us is lucy macdonald, cio, global equities at allianz global investors.ing about what she wanted to start with. is it health care? tell me more about the bill they are trying to get through in they are trying to get through in the states. part of donald trump's plans to repeal obamacare. looks like they might have some issues, but what impact does it have on the stock markets? the health care sector has been very strong in the last couple of weeks but it's not actually to do with the health care bill as such. it's more to do with relief about pricing of drugs. that's because there has been a lea ked that's because there has been a leaked draft of a order that trump is preparing, that is much more lenient towards drug company pricing than he was saying even six months ago. that has created enormous amounts of relief in the market, so the biotech sector has been the strongest area in the last couple of weeks. we will watch and see that. it has been a complete u—turn as far as that's concerned. pointing more towards using deregulation to keep pricing under c