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December has been a brutal month for the U.S. stock market. The S&P 500 Index and the Dow Jones Industrial Index are down 5.8% and 4%, respectively, so far in December, while the tech-heavy Nasdaq Composite Index has lost 8.5%.
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Amgen (AMGN) has agreed to buy Horizon Therapeutics PLC (HZNP) for $27.8 billion. This put the spotlight on pharma ETFs, which could be the best way for investors to tap the opportunity arising from the proposed deal.
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