U.S. biotechnology ETF tumbles! Leveraged 3x biotechnology ETF drops over 14%, SPDR S&P Biotech ETF, biotechnology index ETF drop over 4%; pharmaceutical stocks collectively decline, with Eli Lilly falling over 4%, Novo-Nordisk, Pfizer dropping nearly 4%, AstraZeneca, Gilead Sciences down over 2%.
In the news, Trump stated that he would appoint Robert F. Kennedy Jr. as the Secretary of the USA Department of Health and Human Services (HHS). Trump's move could elevate a well-known "vaccine skeptic" and broader industry critic to the highest position in USA medical health and health policy, raising concerns in the market about the medical industry.