Top Pharma CEOs Reportedly Hold Emergency Meeting as Trump Win, RFK Jr. Threaten Major FDA Overhaul

Pharmaceutical leaders reportedly convened urgently after Trump’s election win and RFK Jr.’s pledge to “gut” the FDA’s nutrition division.

By yourNEWS Media Newsroom

Following President-elect Donald Trump’s victory, executives from the top five pharmaceutical companies reportedly held an emergency meeting to discuss potential regulatory shake-ups. Concerns have intensified with Robert F. Kennedy Jr., an outspoken critic of federal health agencies, set to play a significant role in restructuring public health regulations under the new administration.

Jamel Holley, a New Jersey assemblyman and advisor to Kennedy, stated, “The top CEOs are in a state of panic,” adding that the teleconference addressed a new “threat environment” as the pharmaceutical sector braces for major policy shifts.

Sources tell me top five CEOs of pharmaceutical companies are holding an emergency teleconference at 1 PM.

A lawyer has confirmed that everyone is in a state of panic!

— Jamel Holley (@jamelholley) November 6, 2024

Kennedy, who has criticized the FDA’s regulatory processes, announced that he intends to dismantle the FDA’s nutrition department, accusing it of failing to protect American health, particularly that of children. “The FDA’s nutrition department has to go. They’re not doing their job,” Kennedy stated in an interview with MSNBC, citing discrepancies in food safety standards between the U.S. and other countries. “Why do we have Froot Loops with nearly 20 ingredients here when it’s only a few in Canada?” he questioned.

https://twitter.com/jamelholley/status/1854253609241735504?

Pharmaceutical stocks dipped in early trading on Wednesday amid concerns about the potential policy changes and uncertainty around forthcoming health regulations. Analysts suggest that Kennedy’s potential restructuring of federal health agencies could lead to substantial shifts in market dynamics for the pharmaceutical industry.

Kennedy has also pledged to target what he describes as systemic “corruption” within federal agencies. “I can get the corruption out of the agencies,” he remarked, emphasizing his history of litigating against major agencies. “Once Americans are getting good science and allowed to make their own choices, they’re going to get a lot healthier.”

Posted using SoMee