Stocks tied to Big Pharma have dropped since it was announced that Robert F. Kennedy Jr. had been nominated to be America's next Health Secretary.Kennedy Jr., who is part of a political dynasty with an a former president uncle and a father as a former attorney general, is an outspoken opponent of Big Pharma.The Health Secretary nominee has at times attributed America's health problems to insufficient regulation of pesticides, harmful additives, seed oils, processed foods and vaccines.
The stock continued to drop on Thursday, reaching a low of $32.83 on Thursday morning.The market comes as the RFK Jr.'s nomination has led to highlighting of his views on Big Pharma and his comment on his fear and distrust of vaccines.While he does not have a medical degree, instead studying law in college, Kennedy Jr. built up the anti-vaccine nonprofit group, Children's Health Defense.At an event in December 2021 for the charity in a Southern California church, Kennedy Jr.