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usonian

(13,861 posts)
Sun Nov 17, 2024, 10:05 PM Sunday

Stock Market Tanks as Tяump Unveils Nightmare Cabinet Picks

Don't know if someone has posted this already,
https://newrepublic.com/post/188492/stock-market-tanks-trump-cabinet

Donald Trump’s controversial picks for his upcoming Cabinet have rattled right past the American public and on to damaging Wall Street.

In the wake of Trump’s decision to tap vaccine foe Robert F. Kennedy Jr. to run the Department of Health and Human Services, stocks linked to some of the biggest pharmaceutical companies—including Moderna, Pfizer, and Novavax—plummeted to some of their lowest points of the year.

Novavax and BioNTech dropped by more than 7 percent, with “almost all of the losses coming after news broke of the selection,” reported Forbes. Moderna saw shares close at $39.77, knocking the stock to its lowest point this year. Pfizer, meanwhile, escaped the day with relatively minor losses, with stocks dropping by 2.6 percent to $26.02.

The pharmaceutical industry hedged its bets in the last election cycle, donating considerable sums of money to both parties. But the historically conservative-leaning sector did, ultimately, give more to Republican candidates—with its affiliated PACs handing approximately $1.7 million more to Republicans across the 2024 election, amounting to $8.3 million in total to the conservative


Deficits, tariffs, you name it.
Is big business having regrets?

Or to quote someone "This is not the date I went to bed with"

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Stock Market Tanks as Tяump Unveils Nightmare Cabinet Picks (Original Post) usonian Sunday OP
Good to see!!! elleng Sunday #1
Wait, doesn't Jared own shares? thinkingagain Sunday #2
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