Vaccine makers and companies manufacturing breakthrough obesity drugs saw share prices fall on nomination
Robert F Kennedy jnr is a threat to investors, especially those in vaccine and obesity drug manufacturers. Photograph: Rachel Woolf/The New York Times’s nomination of anti-vaccine activist Robert Kennedy jnr as US secretary of health and human services has provoked alarm in health circles, but he’s also a threat to investors – especially pharmaceutical investors.have tumbled.
There has been huge excitement about anti-obesity drugs, but it appears Kennedy isn’t a fan, recently saying Novo is “counting on selling it to Americans because we’re so stupid and so addicted to drugs”. Have investors overreacted? Yes, said Henrik Juuel of German vaccine maker Bavarian Nordic. “I don’t think these things will ever happen,” he told the Financial Times. “I don’t think anyone will allow them to. There must be some smart people advising .”Volkswagen woes reflect wider German malaise as election nearsOf course, the US senate may not confirm Kennedy as health secretary. Unfortunately for investors, that looks unlikely.
Pfizer Biontech Eli-Lilly Novo-Nordisk Moderna Novavax Obesity Vaccine
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