Pfizer and Moderna stocks drop after RFK Jr.'s nomination for Health Secretary: impact on the Pharma Industry
Pfizer and Moderna, saw significant declines following the announcement of Robert F. Kennedy Jr. as President-elect Donald Trump’s pick for Secretary of Health and Human Services.
Kennedy, a prominent figure in the anti-vaccine movement, has long propagated controversial views and conspiracy theories about vaccines, which could affect the future of public health policies.
Stock Market Reaction to RFK Jr.'s Nomination
On the morning after the nomination, Pfizer's stock dropped by more than 2%, with a continued slight decline in pre-market trading.
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Moderna followed suit with a near 6% decrease in stock value, while AstraZeneca saw a dip of over 1%. Novavax and GlaxoSmithKline, both involved in the production of COVID-19 vaccines, suffered losses of over 7% and 4%, respectively, as mentioned in a report by Forbes.
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