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President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:
“RT @realDonaldTrump Pregnant Women, DON’T USE TYLENOL UNLESS ABSOLUTELY NECESSARY, DON’T GIVE TYLENOL TO YOUR YOUNG CHILD FOR VIRTUALLY ANY REASON, BREAK UP THE MMR SHOT INTO THREE TOTALLY SEPARATE SHOTS (NOT MIXED!), TAKE CHICKEN P SHOT SEPARATELY, TAKE HEPATITAS B SHOT AT 12 YEARS OLD, OR OLDER, AND, IMPORTANTLY, TAKE VACCINE IN 5 SEPARATE MEDICAL VISITS! 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 social media post advising against the use of Tylenol and suggesting changes in vaccine administration could lead to market volatility for pharmaceutical companies like Johnson & Johnson, Merck & Company, and Pfizer Inc., as these companies are involved in the production of these products. The Health Care Select Sector SPDR Fund, Vanguard Health Care ETF, and iShares Biotechnology ETF, which include these companies in their portfolios, may also experience fluctuations due to potential shifts in investor sentiment and public perception. Investors might react to the potential impact on sales and regulatory scrutiny, causing short-term stock price movements.
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)).