Pharmaceutical stocks continued to fall on Friday after newly elected President Donald Trump’s controversial statement. Nomination of vaccine skeptic Robert F. Kennedy Jr. To lead the Department of Health and Human Services.
Shares of Covid vaccine makers Moderna and Pfizer fell 4% and 4.3%, respectively, on Friday morning.
Shares of Novavax, another US-based biotech company, slipped 2.6%.
Shares of Germany-based BioNTech fell 5.9% and British pharma company GSK fell 2.9%.
Shares started falling in the last hour of trading on Thursday after the news of Trump’s controversial selection came out.
Pfizer, Moderna and Novavax have struggled to match the profits seen during the pandemic as Americans have backed off from getting COVID vaccines.
If RFK Jr. — the attorney general and son of a U.S. senator who was assassinated in 1968 — is confirmed as head of HHS, he would oversee 80,000 employees, a $1.7 trillion budget and a network of health-related agencies. Will take care of.
Although Kennedy pledged that he would not “take away” anyone’s vaccines, he has been a vocal, longtime critic of the vaccination of children.
he repeatedly Claims that vaccines are linked to autism,
He also founded Children’s Health Defense, an anti-vaccine nonprofit.
In May 2023, Kennedy, then an independent candidate for president, claimed that “pesticides, cellphones, ultrasound” could cause an increase in Tourette syndrome and peanut allergies. The Post’s editorial board wrote Thursday night.
he has Raw milk consumption supportedGovernment health agencies have warned that it increases the risk of salmonella, E. coli and listeria, and is Express doubt as to whether HIV causes AIDS,
CNN anchor Jake Tapper – who previously dismissed RFK Jr. as a “conspiracy theorist” – mocked his nomination as soon as the news broke Thursday evening.
“Okay America, I hope you like measles,” said Tapper.
