Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS

return2ozma@lemmy.world to News@lemmy.world – 392 points –
Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS
cnbc.com
71

time to require proof of vaccines from americans at airports and borders?

Sorry, all you get is proof of brain worms and essential oils.

I'm sure the new government will enforce that.

This would be about other governments on earth enforcing that. Which really does seem sensible at this point, even if only to make a statement.

America doesn't have the capacity to track that in any meaningful way. COVID was proof of this.

Did Alex Jones not wear suits?

Famously, not really. He's always stuck to business casual at best to make himself look more like a "man of the people".

not that I watched him at all so I don't know of this image is representative, but whenever I think of him I see him in a wifebeater

He probably thinks those water frog chemicals are being used to dye suits or something, IDK.

Am I the only one who thinks companies providing healthcare and life saving medicines shouldn't be fucking publicly traded?? They need to focus on helping humanity, not the fucking bottom line go up or whatever.

Well yes that's obvious

It's supposed to be publicly funded, not traded

Someone a long time ago must have misheard

Except it's actually the best of both worlds for the rich - as far as I know, a lot of these companies are publicly traded AND receive public funding.

Publicity traded, AKA shareholders leverage the company to make return on their investment and this company also receives public money just for the hell of it? Wow, what a combination. Totally not a setup for major exploitation.

Sooo, anyone want to take bets that Bird Flu is going to be the next pandemic?

Avian flu thankfully didn't become a major pandemic in times past due to luck and measures taken. But SARS in 2003 could have become a major pandemic... because COVID-19 is a variant of the 2003 SARS...

These companies are huge, and know how to lobby the government. It seems to be the wrong industry to piss off.

I never thought I'd side with big corporations...but for the next 4 years, some of them may well be the lesser evil.

gag

Pharmaceuticals are an important component of modern life. We really need them now more than ever. They are a good thing.

Their capitalist greed and the big money that runs them is also doing all it can to suck every last cent out of the public.

Unfortunately both things can be true.

That's one thing I'm putting some hope in. Tariffs and stupid shit like Worm Boy running our national health infrastructure into the ground benefit no one. Not big companies, not us little guys. I'd hope these big companies will lobby hard to mitigate the stupidity that is bearing down on us.

know how to lobby the government.

I'm thinking this may be how it'll work. More like "bribe" though, and Trump is probably doing this on purpose to coerce companies for bribes. Aka, racketeering on the highest level.

So... Which billionaire republican buddy is gonna buy them up before they announce 'lol jk'?

This is farcical. Operation Warp Speed (fast development of Covid vaccines) was one of the few good things that Trump 1.0 did.

Yeah fuck giving him credit for what scientists did.

Trump authorized and funded OWS. Obviously he didn't do the actual science. It's JFK and the moon landing. JFK didn't build the rockets or fly in them, but the project as a whole happened because of his getting behind it.

Not comparable to the moon mission. Letting someone else deal with a deadly disease should be not just a low bar, but the floor, for a leader.

I think you are rationalizing. Biden and Trump both did terrible at dealing with Covid. OWS was one of the few things done right. It really was something like the moon program. Otherwise you can never credit or blame a politician for anything unless they are the ones personally doing the work. But that's not what they do.

The alternative to OWS would have been to just let big pharma develop vaccines the usual way, instead of using a lot of approaches in parallel with government funding to get usable ones faster. Of course the protection from those vaccines was then pissed away under both administrations, by doing almost nothing (except during the initial lockdowns) to stop airborne spread of the virus. The Herman Cain Award is one of the most memorable legacies from that.

I stopped reading, pitiful second sentence

And you downvoted anyway. Silly cultist. 800,000 people dead of Covid under Biden, not a good look.

Biden didn't cause half the deaths like Trump but sure bOtH sIdEs

It's not false equivalence when they really do both suck! Anyway, have fun under Trump 2.0, courtesy of people like you refusing to acknowledge your leader's mistakes.

He should let the brain worms take control, worked for Fry.

No not Big Pharma! Won't anybody think of the STOCKS?

Upside: pharma companies stop making massive profits

Downside: we all die from preventable diseases.

Win some lose some 🤷