European shares dip on pharma drag as Fed optimism sizzles out
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(Reuters) - European shares closed at a two-week low on Thursday weighed down by pharma stocks on worries that U.S. government may intervene on high drug prices, while optimism from the Federal Reserve's dovish stance faded away.The pan-European stocks benchmark rallied earlier in the day on remarks from Fed Chair Jerome Powell but reversed course in late afternoon trading to close 0.1% lower.The White House announced that it was ditching its push for changes to the pharma rebate structure,..