The Daily Populous Saturday November 16th, 2024 day edition
Authored by newrepublic.com and submitted by luiger

Novavax and BioNTech dropped by more than 7 percent, with “almost all of the losses coming after news broke of the selection,” reported Forbes. Moderna saw shares close at $39.77, knocking the stock to its lowest point this year. Pfizer, meanwhile, escaped the day with relatively minor losses, with stocks dropping by 2.6 percent to $26.02.

The pharmaceutical industry hedged its bets in the last election cycle, donating considerable sums of money to both parties. But the historically conservative-leaning sector did, ultimately, give more to Republican candidates—with its affiliated PACs handing approximately $1.7 million more to Republicans across the 2024 election, amounting to $8.3 million in total to the conservative party, according to data collected by OpenSecrets.

But that’s not the only impact that Trump’s policies are having on the stock market. Now that the initial rush surrounding Trump’s pro–big business agenda is quieting down, investors are waking up to the staggering costs of some of his plans. For the second day in a row, the S&P 500 dropped, with tech stocks at the forefront of the decline, according to Bloomberg.

jnwg on November 15th, 2024 at 21:11 UTC »

Wait until Social Security checks and Medicare payments aren’t being sent because there’s no workers to do it.

mudpiechicken on November 15th, 2024 at 19:55 UTC »

Oh no, why is he doing all of those things he said he was going to do?!

dbag3o1 on November 15th, 2024 at 19:33 UTC »

Trump said he would solve our problems and he starts by picking the worst people? I'm starting to think our problems won't get solved. And yes, by problems I'm referring to egg prices.