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Stock impact report

How Will RFK’s Cuts At The CDC, FDA And NIH Affect You? [Forbes]

Novavax, Inc. (NVAX) 
Last novavax, inc. earnings: 3/11 04:17 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.novavax.com/investor-relations
Company Research Source: Forbes
A leaked draft budget released by the Washington Post and Politico on April 10 shows that the Office of Management and Budget plans cuts of $40 billion to HHS. The NIH and CDC will each face reduction of more than 40%. How will that affect the public? CDC Cuts at the CDC emphasized programs looking at smoking, gun violence, and climate change—topics that this administration has devalued. Under discussion are plans to eliminate the domestic HIV prevention program , although HHS officials told Politico this was part of streamlining programs for efficiency and not actually eliminating them. The $1 billion spent on the program is largely funneled to the states for testing, surveillance, offering PrEP prophylaxis to prevent HIV, and outreach. What will states do now to make up for the shortfall? Although costly, the HIV prevention programs pay for themselves . Each newly diagnosed person accrues $500,000 in lifetime healthcare costs. In 2022 alone, 31,800 people were newly diagnos Show less Read more
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