Trump Trade: RFK Jr. removes members of vaccine-advising CDC panel

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:

VACCINE ADVISORY COMMITTEE: In an opinion article published by The Wall Street Journal, Robert F. Kennedy Jr. stated, “Vaccines have become a divisive issue in American politics, but there is one thing all parties can agree on: The U.S. faces a crisis of public trust. Whether toward health agencies, pharmaceutical companies or vaccines themselves, public confidence is waning… That is why, under my direction, the U.S. Department of Health and Human Services is putting the restoration of public trust above any pro- or antivaccine agenda… Today, we are taking a bold step in restoring public trust by totally reconstituting the Advisory Committee for Immunization Practices. We are retiring the 17 current members of the committee, some of whom were last-minute appointees of the Biden administration. Without removing the current members, the current Trump administration would not have been able to appoint a majority of new members until 2028… A clean sweep is needed to re-establish public confidence in vaccine science.”

DRUG PRICES: Pfizer (PFE) and other drugmakers met with the Trump administration to discuss lowering U.S. drug prices but no commitments have been made, Pfizer CEO Albert Bourla said on Monday at the Goldman Sachs Healthcare Conference. Boula said the meetings “were cordial,” but they were not “digging into the substance yet,” adding that “it is just trying to understand high-level ideas and no commitments. So what could be the outcomes of something like that? It could be from nothing to very big.”

TRUMP WISHES MUSK WELL: While speaking to reporters from the White House, President Trump said that he wishes Tesla (TSLA) CEO Elon Musk “well” and downplayed a dispute with the former DOGE advisor.

LIVE MUSIC VENUES: Live Nation (LYV) CEO Michael Rapino told Fox News Digital that after President Donald Trump’s March executive order targeting ticket scalpers and strengthening protection for artists and their fans that the company is investing $1B to build new and revitalized live music venues in an effort to bring more big shows to smaller cities. “Our mission is simple: help artists deliver more unforgettable live experiences – and in doing so, create jobs, revive cities, and lift up communities we touch,” Live Nation’s Rapino is quoted as having told Fox News.

BENEFICIARY OF ADDITIONAL TARIFFS: Raymond James says Market Perform-rated Whirlpool (WHR) is a possible incremental beneficiary of additional tariffs under Section 232 in the near future, though the ultimate policy remains unclear. Just last week, Trump increased section 232 rates on both steel and aluminum to 50% from 25% prior. Thus, the most recent developments seem to point to a redux of the net negative outcome of the first Trump administration, the firm notes. Trump’s executive order last week increasing the 232 rates also amended the list of “derivative products” included in the policy. The final lists published in the Federal Register continue to only include gas ranges, though a few aluminum parts used in appliances were also added. However, Raymond James points out that a list sent out by U.S. Customs on June 4 did include many major appliance categories. Subsequently, this morning, U.S. Customs subsequently sent out a new list, which matched today’s Federal Register. It is unclear to the firm whether the June 4th list was simply a clerical error or a sign of things to come.