Health stocks are tumbling after Trump's appointment of vaccine skeptic RFK Jr. [Yahoo! Finance]
Pfizer, Inc. (PFE)
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Source: Yahoo! Finance
The selling also spread to a range of US-exposed European healthcare stocks. It's been a tough day for health stocks since Donald Trump announced his appointment of Robert F. Kennedy Jr. — a staunch vaccine skeptic — as health secretary. The news, which came late in the day on Thursday, sent the shares of vaccine-makers sharply lower on Friday, with Moderna leading the losses, falling as much as 10%. Pfizer and Novavax both dropped 6% at intraday lows, while GSK lost 5%. But the selling wasn't contained to just vaccine names. It spread into US-exposed European healthcare stocks, such as Novo Nordisk and Roche, which were down 5% and 3% at intraday lows, respectively. The losses extend a days-long skid for the sector after the election results last week saw investors boost bets that Kennedy — a key Trump ally — would notch a cabinet role. Since Election Day, Moderna has fallen more than 30%, while Pfizer has slid 11%. Those losses have stood in contrast to the rally enjoyed
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PFE
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