STRONG MEDICINE? In Orange County, companies in...
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STRONG MEDICINE? In Orange County, companies in the medical field were hit hardest Tuesday when the stock market fell after President Clinton’s latest economic remarks. All five of the top stocks down locally were medically related. Cypress-based health care provider PacifiCare was off the most, at 15.7%. No surprises, says Jeffrey Kilpatrick, president of Newport Securities Corp., which monitors Orange County stocks. “Clearly, President Clinton feels there’s a lot of fat in the cost of medical care, and he’s going to wring some of that fat out.”
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