Trump nominates RFK Jr. to lead Health and Human Services as bond market reacts to economic plans

President-elect Donald Trump has nominated Robert F. Kennedy Jr. to lead the Department of Health and Human Services. Kennedy, known for his environmental advocacy and vaccine skepticism, faces potential challenges in Senate confirmation due to his controversial views. The bond market is reacting negatively to Trump's economic plans, which could lead to higher interest rates and inflation. Investors are concerned that proposed tariffs and tax exemptions could worsen the financial situation, impacting borrowing costs for consumers and the government. Meanwhile, President Biden is meeting with Asia-Pacific leaders, including China's President Xi Jinping, in Peru. This summit aims to strengthen policy cooperation and maintain military communication amid ongoing competition with China.