Billions have been slashed from the value of pharma shares as the sector faces fines, prosecution for the covid jab and other harms

 RFK Jr may strip pharma companies of their legal protections over vaccine harms.

But the covid jab harms may spell the end of big pharma.

From media

Shares in vaccine makers and healthcare firms around the world slid sharply on Friday, as investors warned that Donald Trump's choice of Robert F Kennedy Jr as US Health Secretary could pose new challenges to the sector.

Kennedy is known as a vaccine sceptic and, if confirmed in the post, has vowed to use it to crack down on “Big Pharma”.

The news prompted a sell-off across the industry. In the US, shares in Pfizer sank more than 4% and Moderna about 7% while UK-listed firms AstraZeneca and GSK dropped more than 3%.

Russ Mould, investment director at AJ Bell, said the pick had “spooked” shareholders, despite questions about how the new administration might pursue its threats.

https://www.bbc.com/news/articles/cp3nzp782ejo

WASHINGTON — Robert F. Kennedy Jr., President-elect Trump’s nominee for secretary of Health and Human Services, has criticized laws that provide companies that make vaccines with protections from lawsuits. If he takes office, he has broad power to strip those protections, experts told STAT.

Most routine vaccines have had protections from lawsuits for nearly 40 years, and vaccines developed to address emergencies have enjoyed protections for 20. For the most part, the programs have been uncontroversial. 

https://www.statnews.com/2024/11/15/rfk-jr-hhs-could-end-legal-liability-protection-vaccine-manufacturers/