The Daily Populous Saturday November 16th, 2024 morning 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.

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?!

direwolf71 on November 15th, 2024 at 19:36 UTC »

The market desperately wanted Trump's policies to be rhetoric. Turns out that they are very real.

Trump's headed to the golf course. His minions are in charge, and they aim to do exactly what Project 2025 promised.

Tariffs, mass deportations, cutting 2 million government jobs, cutting entitlements, tax cuts for the 1%, getting rid of the ACA, etc.

It's inflationary and anti-growth. The fucking around has happened. The finding out is just beginning.

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.