Market Rallies on U.S.-China Trade Deal, Pharma Stocks Slide on Trump Executive Order News 5/12/25

Carl Quintanilla, Jim Cramer and David Faber covered Monday's major market rally, sparked by a new U.S.-China trade deal in which both countries agreed to slash tariffs for 90 days. What should investors do now? Pharma stocks under pressure after President Trump said he would sign an executive order aimed at lowering drug prices. Hear what the president said about the U.S.-China trade agreement at his news conference. Squawk on the Street Disclaimer  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.