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Robert F. Kennedy Jr.'s appointment as Health Minister in Donald Trump's administration has triggered a significant decline in pharmaceutical stocks across the US and Europe, with fears of potential drug price caps impacting investor confidence. Major companies like UCB and argenx saw sharp drops, reflecting broader concerns about the future of drug pricing and regulation under Kennedy's leadership. Analysts suggest that while there are constraints on his power, the potential for reduced regulations could lead to increased mergers and acquisitions in the sector.
President-elect Donald Trump has appointed Robert F. Kennedy Jr., known for his controversial views on vaccines, to lead the Department of Health and Human Services. Kennedy, who previously ran for president as an independent, aims to address chronic diseases and reduce harmful chemicals in food. His appointment has raised concerns among public health advocates about potential negative impacts on health policies and vaccine regulation.
Ashish Jha
People
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15:24 15.11.2024
Trump appoints Robert F Kennedy Jr to lead health agency amid controversy
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02:13 15.11.2024
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