RFK Jr. is Trump's pick to lead HHS — here's what he could do with that power
Publishing timestamp: 2024-11-19 15:25:38
Summary
President-elect Donald Trump has chosen Robert F. Kennedy Jr., a vaccine skeptic, to lead the Department of Health and Human Services. This decision has raised concerns in the public health community and the biotech and pharmaceutical industries. Kennedy's influence could potentially lead to changes in vaccine policy, research and development priorities, and food and drug regulations. However, there are limits to his power, as some of his proposals may face challenges in Congress and the courts. Investors are bracing for potential disruptions in the food industry, while the impact on the pharmaceutical industry remains uncertain. Kennedy's focus on alternative treatments and chronic diseases could bring uncertainty to drug development and approval processes.
Sentiment: MIXED
Keywords: politics, breaking news: politics, business, donald j. trump, biotech and pharmaceuticals, joe biden, business news, pharmaceuticals, pepsico inc., breaking news, coca-cola co, health care industry, biotechnology, robert f. kennedy jr.,
Source: https://www.cnbc.com/2024/11/19/rfk-jr-is-trump-pick-for-hhs-secretary-heres-what-he-could-do.html