Pharma shares hit as Trump picks RFK Jr to lead health department

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Pharma shares hit as Trump picks RFK Jr to lead health department
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Choice of vaccine critic knocks some of world’s biggest drugmakers including Moderna, AstraZeneca and GSK

nominated the anti-vaccine activist Robert F Kennedy JrTrump’s announcement sent shares in some of the world’s biggest pharmaceutical companies – including Moderna, AstraZeneca and GSK – falling on Friday morning.

Announcing his choice, Trump said the health department would play a “big role in helping ensure that everybody will be protected from harmful chemicals, pollutants, pesticides, pharmaceutical products, and food additives that have contributed to the overwhelming health crisis in this country”. BioNTech, the German drugmaker that helped develop a Covid vaccine with Pfizer, fell 7%. In London, AstraZeneca and GSK shares were down about 3%, placing them among the biggest fallers on the FTSE 100.and vaccines, shed 4% on Friday morning. Germany’s Roche has fallen by 2%, while Denmark’s Novo Nordisk – the firm behind Wegovy and Ozempic, which also makes vaccines – has fallen 2.5%.

RFK Jr has claimed he is not against vaccines, but that he wants them to be rigorously tested. However, he has also said “there’s no vaccine that is safe and effective”.

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