The shares of companies such as PepsiCo $PEP (-0,01 %) , General Mills $GIS (+0,08 %) , Pfizer $PFE (+0,15 %) and Bavarian Nordic $BAVA (+0,2 %) among others, fell today after Donald Trump announced his intention to nominate Robert F. Kennedy Jr. to lead the Department of Health and Human Services (HHS). Kennedy's critical stance towards the food and pharmaceutical industries has raised concerns that there could be stricter regulations that negatively impact these companies.
For Pfizer, we see a decline as the company faces a challenging market environment. Despite an increased sales forecast, investor sentiment remains tense. Bavarian Nordic has also lost value due to uncertainties in vaccine development and potential regulatory changes.
Thanks go to Robert F. Kennedy Jr. for the turmoil he has caused in the markets. What do you think about the impact of his nomination on these industries?