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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“It is very important that the Drug Companies justify the success of their various Covid Drugs. Many people think they are a miracle that saved Millions of lives. Others disagree! With CDC being ripped apart over this question, I want the answer, and I want it NOW. I have been shown information from Pfizer, and others, that is extraordinary, but they never seem to show those results to the public. Why not??? They go off to the next “hunt” and let everyone rip themselves apart, including Bobby Kennedy Jr. and CDC, trying to figure out the success or failure of the Drug Companies Covid work. They show me GREAT numbers and results, but they don’t seem to be showing them to many others. I want them to show them NOW, to CDC and the public, and clear up this MESS, one way or the other!!! I hope OPERATION WARP SPEED was as “BRILLIANT” as many say it was. If not, we all want to know about it, and why??? Thank you for your attention to this very important matter! President DJT”
How Will Trump’s Statement Affect the Stock Market?
This latest post has the potential to affect the stock market. That’s because Donald Trump’s call for transparency from drug companies regarding their COVID-19 treatments could lead to increased volatility in the stock market, particularly affecting pharmaceutical giants like Johnson & Johnson, Merck & Company, and Pfizer Inc. If the companies release data that confirms the efficacy of their drugs, it could boost investor confidence and stock prices; however, if the data is inconclusive or negative, it might lead to a decline in stock value. This uncertainty could also impact broader healthcare and biotechnology ETFs, such as the Health Care Select Sector SPDR Fund, Vanguard Health Care ETF, and iShares Biotechnology ETF, as investors react to potential shifts in the perceived success of COVID-19 treatments.
Here are some of the stocks that might be affected:
Johnson & Johnson ((JNJ)),
Merck & Company ((MRK)),
Pfizer Inc ((PFE)),
Health Care Select Sector SPDR Fund ((XLV)),
Vanguard Health Care ETF ((VHT)),
iShares Biotechnology ETF ((IBB)).