Trump nominated Robert F. Kennedy Jr. to be the Secretary of Health. Kennedy holds many unorthodox views in the field of public health, the most famous of which is questioning the safety and effectiveness of vaccines. He referred to vaccine injections as "crimes against humanity" during the COVID-19 pandemic and likened it to the Nazi Holocaust.
At present, the lineup of Trump's cabinet has begun to take shape. Overnight in the post-market trading of the US stock market, he nominated the 'anti-vaccine pioneer' Robert Kennedy Jr. as the Secretary of Health, which scared the American vaccine stocks.
In the post-market trading of US stocks last night, the vaccine stocks first fell in respect, with BioNTech closing down 7%, Moderna dropping nearly 6%, continuing to fall over 1% after hours, Vaxcyte falling by 4%, and Pfizer falling by 3%.
On the news front, according to CCTV News reports on Friday, US President-elect Trump nominated Robert Francis Kennedy as Secretary of the US Department of Health and Human Services. Kennedy comes from the Kennedy family, is 70 years old, and his uncle is the late President John F. Kennedy who was assassinated in 1963.
Trump stated on the Truth Social platform:
The Department of Health and Human Services will play an important role in helping to ensure that everyone is protected from harmful chemicals, pollutants, pesticides, pharmaceuticals, and food additives, which have led to a severe health crisis in the United States.
This news has caught the industry off guard. Shortly before the election, the co-chair of Trump's transition team seemed to imply that Kennedy would not be nominated to lead the Department of Health.
It is worth mentioning that Kennedy holds many unorthodox views in the field of public health, the most famous of which is his questioning of the safety and efficacy of vaccines.
During the COVID-19 pandemic, Kennedy referred to vaccine injections as 'anti-human crimes' and likened them to the Nazi Holocaust. He is also a critic of water fluoridation, stating that fluoride in drinking water will 'disappear' under the Trump administration's leadership.
As the Secretary of Health and Human Services, Kennedy will become the highest spokesperson in the field of public health in the United States, bringing great uncertainty to the health care sector. Raymond James medical policy analyst Chris Meekins said later on Thursday:
Kennedy may lead to increased volatility in the medical markets.
Currently, the industry will focus on the Senate as Kennedy will need Senate approval for Trump's nomination, but he may not receive support from the Democratic Party. Oregon Democratic Senator Ron Wyden issued a statement calling Kennedy's views 'absurd and laughable'.