Analysts think Wall Street's reaction to the RFK Jr. news is 'overdone.' Sort of.

Yahoo Finance11-15 22:43

Vaccine and other healthcare stocks fell Friday after President-elect Donald Trump said Robert F. Kennedy Jr. is his pick to lead the U.S. Health and Human Services Department (HHS). But some analysts...

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But some analysts...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysts-think-wall-streets-reaction-to-the-rfk-jr-news-is-overdone-sort-of-144351507.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analysts think Wall Street's reaction to the RFK Jr. news is 'overdone.' 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Sort of.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 22:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysts-think-wall-streets-reaction-to-the-rfk-jr-news-is-overdone-sort-of-144351507.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vaccine and other healthcare stocks fell Friday after President-elect Donald Trump said Robert F. Kennedy Jr. is his pick to lead the U.S. Health and Human Services Department (HHS). But some analysts...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysts-think-wall-streets-reaction-to-the-rfk-jr-news-is-overdone-sort-of-144351507.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2023250504.SGD","symbol_name":"Allianz Thematica Cl AMg DIS H2-SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/analysts-think-wall-streets-reaction-to-the-rfk-jr-news-is-overdone-sort-of-144351507.html","article_id":"2483937718","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/emHdgB9da71X.ovzf_goGQ--~B/aD0zMTkxO3c9NDc4NjthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-11/d78a1dd0-a357-11ef-bfd7-7379c5ff40c5"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483937718","pubTimestamp":1731681831,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Vaccine and other healthcare stocks fell Friday after President-elect Donald Trump said Robert F. Kennedy Jr. is his pick to lead the U.S. Health and Human Services Department . But some analysts think the reaction may overstate the changes RFK might bring to the agency.\"Admittedly, it is difficult to evaluate the exact impact this appointment could have on the industry until we have more information on specific policy proposals and priorities of the incoming administration on healthcare and the drug industry,\" wrote J.P. Morgan analyst Chris Schott in a note to clients Friday.Here's why there's concern: RFK Jr., a vocal skeptic of the drug approval process, will be able to select leaders of all the health departments under HHS, including the U.S. Food and Drug Administration , and Centers for Disease Control and Prevention , as well as the head of the Centers for Medicare and Medicaid Services .\"We are not surprised the sector has been under pressure on the potential for RFK Jr. havin","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","BK4581":"高盛持仓","GSK.UK":"葛兰素史克","SG9999002232.USD":"Allianz Global High Payout USD","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","HHS":"Harte-Hanks","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","BK4532":"文艺复兴科技持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","CDC":"VictoryShares US EQ Income Enhanced Volatility Wtd ETF","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","MRNA":"Moderna, Inc.","AZN":"阿斯利康","BK4585":"ETF&股票定投概念","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","BK4139":"生物科技","BK4533":"AQR资本管理(全球第二大对冲基金)","SG9999001176.USD":"United Global Healthcare Acc USD","SG9999014542.SGD":"United Income Focus Trust Acc SGD","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","IE00B4R5TH58.HKD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"A2\" (HKD) ACC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","SNY":"赛诺菲安万特","SG9999013999.USD":"UOB UNITED GLOBAL HEALTHCARE FUND (USDHDG) INC","SG9999001176.SGD":"UOB UNITED GLOBAL HEALTHCARE \"SGD\" (ACC)","PFE":"辉瑞","GSK":"葛兰素史克","BK4568":"美国抗疫概念","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4208":"复合型公用事业","LU1023059063.AUD":"BGF WORLD HEALTHSCIENCE \"A2\" (AUDHDG) ACC","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","CMS":"CMS能源","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4551":"寇图资本持仓","MRK":"默沙东","LU1057294990.SGD":"Blackrock World Healthscience A2 SGD-H","LU0109394709.USD":"富兰克林生物科技新领域基金A (acc)"},"translate_title":"分析师认为华尔街对小RFK新闻的反应“过度”。算是吧。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNY":1,"AZN":1,"MRK":1,"HHS":1,"GSK":1,"CMS":1,"CDC":1,"PFE":1,"MRNA":0.9,"GSK.UK":0.6},"content_text":"Vaccine and other healthcare stocks fell Friday after President-elect Donald Trump said Robert F. Kennedy Jr. is his pick to lead the U.S. Health and Human Services Department (HHS). But some analysts think the reaction may overstate the changes RFK might bring to the agency. \n\"Admittedly, it is difficult to evaluate the exact impact this appointment could have on the industry until we have more information on specific policy proposals and priorities of the incoming administration on healthcare and the drug industry,\" wrote J.P. Morgan analyst Chris Schott in a note to clients Friday.\nHere's why there's concern: RFK Jr., a vocal skeptic of the drug approval process, will be able to select leaders of all the health departments under HHS, including the U.S. Food and Drug Administration (FDA), and Centers for Disease Control and Prevention (CDC), as well as the head of the Centers for Medicare and Medicaid Services (CMS).\n\"We are not surprised the sector has been under pressure on the potential for RFK Jr. having oversight of the various agencies within HHS...given his previous stated views on the industry,\" Schott wrote.\nRFK Jr. has also been a vocal vaccine skeptic, questioning the need for the vaccine schedule required by schools and claiming, without evidence, they are not safe. That's stoked fears he will push vaccines off the market. \nVaccine stocks fell as much as 6% Thursday, and continued trading down in pre-market trading Friday. Pfizer (PFE) and GSK (GSK) down more than 2%, while Moderna (MRNA) was down more than 5%. Other big pharma vaccine players like Merck (MRK), AstraZeneca (AZN), and Sanofi (SNY) were off by less than 1%.\nBut other healthcare stocks were affected too, which analysts believe was an overreaction. \nOne Jefferies analyst noted Belgium-based UCB Pharma, which makes epilepsy treatments, traded down 7% on the news of RFK's appointment, and that reaction \"seems overdone.\"\nAnother Jefferies analyst, Michael Yee, said that RFK has not provided drastic solutions, but rather been skeptical of the regulatory process.\n\n\n\n  Scaring investors? Robert F. Kennedy Jr. in Glendale, Arizona, on October 31, 2024. (Photo: Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)\n \n\n  PATRICK T. FALLON via Getty Images\n \n\n\"To be clear — RFK has said he has no plans to 'take away vaccines' but the point is around sentiment, stance, and perspective - that impacts biotech investors' view of how FDA and other HHS issues will evolve (ie not accelerating drugs and pro-biotech),\" Yee wrote in his note to clients late Thursday.\nMizuho's healthcare sector expert Jared Holz agreed, in a note prior to RFK's appointment when speculation was high.\n\"Believe that some of the early rhetoric around vaccines and otherwise is mainly noise as it relates to drug stocks with the exception of maybe covid-19 vaccine players (which are already mainly dead).\" he wrote in a note to clients Thursday.\nThe Inflation Reduction Act's Medicare drug negotiations? That's also a topic of consideration among experts.\nHolz said he remains bearish on large cap pharma as \"noise from incoming politicians we think will be annoying at best and potentially damaging at worst.\" \nAnjalee Khemlani is the senior health reporter at Yahoo Finance, covering all things pharma, insurance, care services, digital health, PBMs, and health policy and politics. That includes GLP-1s, of course. Follow Anjalee on most social media platforms @AnjKhem.\nFor the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"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":"4.29.1","shortVersion":"4.29.1","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/2483937718"}