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Western health care companies continue supplying medicine, vaccines and medical equipment to Russia.

Drugmakers raised prices an average of 6.6% at the start of 2022.

President Biden is set to lay out his vision Thursday for reducing the high cost of prescription drugs, and is expected to push Congress to pass legislation that would allow Medicare to negotiate drug prices for millions of Americans.

U.S. equity futures were pointing lower ahead of Wednesday's opening bell on Wall Street.

Warren Buffett's Berkshire Hathaway cut back on financial, energy and drug stocks but beefed up its grocery and wireless holdings while adding an insurer.