Investors reacted negatively to Donald Trump’s nomination of vaccine skeptic Robert F Kennedy Jr as the top US health official, causing shares in vaccine makers and pharmaceutical companies to plummet. Kennedy’s controversial views on vaccines and plans to downsize the FDA led to concerns within the industry, impacting stocks across the pharmaceutical sector. Despite the sell-off, some experts believe that Kennedy’s extreme ideas may not become policy, with other cabinet appointees advocating for reducing barriers to drug approval.
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Why Waste Management Stock Is Surging Today
Waste Management (NYSE: WM) stock rose 3.4% following a strong second-quarter earnings report that exceeded Wall Street expectations and included a raised full-year free-cash-flow target. Earlier in the session, shares had increased by as much as 5.4%. Want More Context? 🔎
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