Trump appoints Robert F. Kennedy Jr. to lead Health and Human Services

Robert F. Kennedy Jr. has been appointed by President-elect Trump to lead the Department of Health and Human Services. This agency oversees major health organizations, including the FDA and CDC. Kennedy, known for his skepticism of pharmaceutical companies, aims to address the "chronic disease epidemic." Kennedy plans to declare a national emergency regarding health issues like obesity and diabetes. He has controversial views on vaccines, which have affected stock prices of vaccine manufacturers. However, he has stated he will not remove vaccines from public use. His stance on psychedelics has positively impacted related stocks. Meanwhile, markets are reacting to various economic updates, including record credit card debt and upcoming earnings reports.