Pfizer, Moderna, Novavax Take A Beating After Trump Taps Kennedy To Head Up HHS

Blockhead11-15

Shares of vaccine makers tumbled Friday morning after President-elect Donald Trump picked Robert F. Kennedy Jr., a widely known vaccine skeptic, to lead the Department of Health and Human Services. ...

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Kennedy Jr., a widely known vaccine skeptic, to lead the Department of Health and Human Services.\n\n\n\n↑\nX\n\n\n\n\nBiotech Stocks Are Shooting Higher. Here's How You Can Play Them.\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nBiotech Stocks Are Shooting Higher. Here's How You Can Play Them.\n\n\n\n\nModerna (MRNA) stock skidded 2.3% to 38.85, adding onto a 5.6% dive that started late Thursday after the news first broke. Novavax (NVAX) stock inched down 1.5%, while BioNTech (BNTX) shares lost 3%. Shares of the Covid vaccine makers both fell 7% on Thursday. Pfizer (PFE) stock also took a hit, dipping 1.3% following a 2.6% tumble after the initial news.\nTrump had previously said he would allow Kennedy to \"go wild on health care.\" In a post on X, the platform previously known as Twitter, he said Kennedy would work to ensure all Americans are \"protected from harmful chemicals, pollutants, pesticides, pharmaceutical products and food additives that have contributed to the overwhelming Health Crisis in this Country.\"\n\"Mr. Kennedy will restore these Agencies to the traditions of Gold Standard Scientific Research, and beacons of Transparency, to end the Chronic Disease epidemic, and to Make America Great and Healthy Again!\" he said.\nWhile vaccine stocks took a beating, shares of companies tied to psychedelics saw a list. Dollar stock Atai Life Sciences (ATAI) jumped 8% to 1.48. Incannex Healthcare (IXHL) rose 6.8% to 2.50, while Compass Pathways (CMPS) advanced 5.9% to 5.18.\nMore to follow.\nFollow Allison Gatlin on X, the platform formerly known as Twitter, at @IBD_AGatlin.\nYOU MAY ALSO LIKE:\nAmgen Rebounds, Shaking Off 'Overdone' Fears Tied To Its Weight-Loss Shot\nMerck Spends Up To $3.3 Billion In An Insurance Policy Against Summit Therapeutics\nFollow Premarket And After-The-Open Action With IBD Experts\nHow To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks\nLearn How To Time The Market With IBD's ETF Market Strategy","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483374891"}