Vaccine makers, packaged food cos slide as Trump taps RFK to head health agency

Sysco

14/11/2024 22:41

** Shares of vaccine makers tumbled at the end of Thursday's
trading session as U.S. President-elect Donald Trump selected
Robert F Kennedy Jr to head the Department of Health and Human
Services
    ** BioNTech  BNTX.O , Moderna  MRNA.O , Pfizer  PFE.N , GSK
 GSK.N  and Sanofi  SNY.O  ended down between 2.1% and 7.1%
    ** Kennedy has made false medical claims, including that
vaccines are linked to autism 
    ** In after hours trading, the share price movement among
the drugmakers was more muted
    ** Kennedy has also vowed to reduce the dominance of
ultra-processed foods; shares of Sysco  SYY.N  dropped 2% for
the day and Kraft Heinz KHC.O> fell 1%, while PepsiCo  PEP.O 
pared earlier to end up 0.2%

(Reporting by Stephen Culp)
((mailto:stephen.culp@thomsonreuters.com; 646-223-6076;))