Packaged food makers down after RFK Jr picked for top U.S. health agency role

Oatly AB

15/11/2024 16:27

** Shares of U.S. packaged food makers down after
President-elect Donald Trump selected Kennedy to lead the U.S.
Department of Health and Human Services
    ** Kennedy calls for banning hundreds of food additives and
chemicals and for getting ultra-processed foods out of school
lunches to reduce diet-related chronic diseases
    ** Shares of Kraft Heinz  KHC.O , Oatly  OTLY.O , Conagra
 CAG.N  down about 3.5% each
    ** General Mills  GIS.N , Hershey  HSY.N  and Pepsico
 PEP.O  shares down as much as 3% 
    ** Coca-Cola  KO.N  shares also down about 1%, while
Mondelez  MDLZ.O  shares down by 1.6%
    ** YTD, KHC down ~17%, HSY and CAG down ~8%, while the S&P
500 Consumer Staples index  .SPLRCS  is up 13.2%, including
session moves
    

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))