The U.S. Senate Finance Committee on Tuesday voted in favor of advancing the nomination of Robert F. Kennedy Jr. to guide the Division of Well being and Human Providers.
The Particulars: The Senate Finance Committee voted 14-13 alongside celebration traces to advance Kennedy’s nomination to the Senate flooring. He’ll now face the total Senate for consideration and in the end, a remaining vote to approve or deny his nomination as well being secretary.
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GOP Sen. Invoice Cassidy expressed issues with Kennedy’s views on vaccines, main some to query his assist of Kennedy’s nomination. The GOP Senator voted together with his celebration in favor of the nomination.
Cassidy posted an announcement on social media simply earlier than the vote Tuesday morning and mentioned he’d had “very intense conversations,” with Kennedy and Vice President J.D. Vance.
“With the intense commitments I’ve acquired from the administration and the chance to make progress on the problems we agree on like wholesome meals and a pro-American agenda, I’ll vote sure,” Cassidy wrote.
Shares To Watch: Vaccine-related shares dropped following the vote to advance Kennedy’s nomination as a consequence of his previous statements questioning the security and efficacy of immunizations and historical past of falsehoods round vaccines. Among the largest pharmaceutical corporations together with Moderna, Inc.MRNA and Pfizer, Inc. PFE are shifting decrease on the information.
Traders may also be watching insurance coverage shares for reactions as Kennedy’s nomination strikes ahead.
Throughout his Senate hearings final week, Kennedy referred to as out what he thought of to be “rapacious habits by insurance coverage corporations” and recommended he would assist efforts to crack down on abusive techniques like denying care and overcharging the federal government.
Some insurers tied to Medicaid and Medicare are UnitedHealth Group UNH, the biggest Medicare Benefit insurer within the U.S., and Elevance Well being ELV, one of many largest Medicaid managed care organizations.
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