As Drug Maker Stocks Fall, Pressure Builds On PhRMA To Derail RFK, Jr. [Forbes]
Pfizer, Inc. (PFE)
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Source: Forbes
In this photo, the vaccine skeptic speaks during a hearing with the House Judiciary Subcommittee on the Weaponization of the Federal Government on Capitol Hill on July 20, 2023 in Washington, DC. (Photo by Anna Moneymaker/Getty Images) Getty Images Stocks of major drug makers and biotech companies tumbled trading late this week after Donald Trump announced that he wants vaccine skeptic Robert F. Kennedy Jr. to lead the U.S. Department of Health and Human Services. The Pharmaceutical Research and Manufacturers of America (PhRMA) released a statement following Trump's pick, but didn't mention Kennedy by name, setting the stage for behind-the-scenes lobbying. PhRMA represents the biggest drug makers in the world, including Pfizer, GlaxoSmithKline, Johnson & Johnson, Merck & Co. and Eli Lilly and Company. Some of these companies lost billions of dollars in market capitalization from the time Trump announced Kennedy's nomination through Friday's trading. It may take only three vo
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News
- Health stocks are tumbling after Trump's appointment of vaccine skeptic RFK Jr. [Yahoo! Finance]Yahoo! Finance
- 19th annual Double Helix Medals dinner raises $7 million [Yahoo! Finance]Yahoo! Finance
- Drugmakers see stocks tank after RFK Jr is nominated to oversee health department [Yahoo! Finance]Yahoo! Finance
- Stock Market Tanks as Trump Unveils Nightmare Cabinet Picks [Yahoo! Finance]Yahoo! Finance
- Big Tech Stocks Suffer $500 Billion Selloff As ‘Dangerously Bullish' Rally Loses Steam [Forbes]Forbes
PFE
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- 10/29/24 - Beat
PFE
Sec Filings
- 11/4/24 - Form 10-Q
- 11/1/24 - Form 4
- 11/1/24 - Form 4
- PFE's page on the SEC website