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Market Impact: Vaccine Stocks Tumble Following Trump's RFK Jr. HHS Nomination

Market Impact: Vaccine Stocks Tumble Following Trump's RFK Jr. HHS Nomination

Pharmaceutical stocks experienced significant declines after President-elect Trump named Robert F. Kennedy Jr. as his choice to lead the Department of Health and Human Services. Major vaccine manufacturers including Pfizer, Moderna, and European counterparts saw their shares drop as markets responded to the appointment of Kennedy, known for his critical stance on vaccines and pharmaceutical industry practices.

Sterling Technical Analysis: GBP/USD, GBP/JPY Price Action

Sterling Technical Analysis: GBP/USD, GBP/JPY Price Action

The British Pound faced significant pressure as USD strength dominated Q4 trading, pushing GBP/USD to fresh multi-month lows. GBP/JPY's bullish momentum reversed sharply on Friday, breaking below key support levels and invalidating a potential bull pennant formation.

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