Health Stocks Slide as Trump Picks Industry Skeptic Kennedy

  • Immunization companies Moderna, Pfizer bear brunt of losses
  • Broader sector hit as president-elect takes aim at industry

Robert F. Kennedy Jr. and Donald Trump.

Photographer: Rebecca Noble/Getty Images

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Health stocks slumped on Friday as Wall Street weighed the impact that prominent vaccine skeptic Robert F. Kennedy Jr. could have on the industry after President-elect Donald Trump nominated him to lead the nation’s health and medical research agencies.