Healthcare Stocks Are Surging After Trump's Coronavirus Conference

President Donald Trump just held a news conference in which he declared a national emergency over the ongoing COVID-19 pandemic. Trump also mentioned several healthcare and biotech companies by name that are working closely with the government to combat this novel coronavirus.

Teladoc's stock (NYSE: TDOC) shot up nearly 8% as the president stressed the importance of telehealth services. Trump said his administration would be waiving laws that restrict telehealth services across the country. Previously, many states made it incredibly difficult for doctors to practice medicine across state lines, which includes providing telehealth services.

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Source Fool.com