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Stock impact report

RFK Jr's No. 1 hurdle to take on unhealthy food: money [MSNBC.com]

NESTLE S.A S/ADR (NSRGY) 
NASDAQ:AMEX Investor Relations: nestle.com/investors
Company Research Source: MSNBC.com
Robert F. Kennedy Jr. has pledged totransform America’s food systemPresident-elect Donald Trump haspicked Kennedy to be his nominee for Secretary of and Human Servicesthe Food and Drug AdministrationKennedy holds a number ofcontroversial viewsanti-vaccine activismStill, he’s likely to face a major hurdle: money.The FDA’s food division, poised to play a significant role in Kennedy’s ambitions, operates on a tight budget. Unlike the agency’s drug division, which sustains itself largely throughuser fees charged to pharmaceutical companiesHistorically, Mande said, Congress has been reluctant to provide money to the agency’s food and nutrition program.“The FDA’s food program has a billion-dollar budget, and only $25 million of that goes to food nutrition and chronic disease,” said Mande, now an adjunct professor at Harvard University and the CEO of Nourish , a food advocacy group. “So there’s almost no money for it, and that is the No. 1 barrier: they don’t have the budget or staff to do Show less Read more
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