Wall Street Analysts Demand Action on RFK Jr.

Wednesday, April 02, 2025

Two top Wall Street analysts are calling on the White House to remove Robert F. Kennedy Jr. as the U.S. Secretary of Health and Human Services, saying he is "undermining public health."

Posted by lamplighter at 11:33 AM | 29 COMMENTS | permalink

Analysts at Cantor Fitzgerald, formerly headed by the Trump administration's Secretary of Commerce Howard Lutnick, called for the dismissal of Secretary of Health and Human Services Robert F. Kennedy Jr. reut.rs/4cjOM3m

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-- Reuters (@reuters.com) April 1, 2025 at 10:01 AM

Comments

[unfortunately, Barron's had locked me out from the article when I went back for more...]

#1 | Posted by LampLighter at 2025-03-31 06:10 PM

[OK, Barron's let me back in...]

More from the article...

... Two top Wall Street analysts are calling on the White House to remove Robert F. Kennedy Jr. as the U.S. Secretary of Health and Human Services, saying he is "undermining public health."

The new research note from Cantor Fitzgerald biotechnology analysts Josh Schimmer and Eric Schmidt was spurred by the surprise resignation of Dr. Peter Marks, a top Food and Drug Administration official responsible for regulating vaccines.

The analysts said Monday that the forced

departure of Marks, who led the FDA's Center for Biologics Evaluation and Research, had been a "step too far for us."

"RFK Jr. is undermining the trusted leadership of healthcare in this country," they wrote. "HHS cannot be led by an anti-vax, conspiracy theorist with inadequate training."

"We together feel that this is an attack on science, an attack on the normal process of government reviews by a nonscientist, and it's a very, very slippery slope from here into a dangerous place," Schmidt told Barron's in an interview on Monday. "It's about the science. Its bigger than profits. Its bigger than politics. It's human lives. That's where we're coming from." ...

#2 | Posted by LampLighter at 2025-03-31 06:31 PM

An aside, Pres Trump's Sec of Commerce is Mr Howard Lutnick, who was CEO of Cantor Fitzgerald.

#3 | Posted by LampLighter at 2025-03-31 06:33 PM

Public health is good for the economy?

That sounds like DEI.

#4 | Posted by snoofy at 2025-04-02 11:46 AM

Another day in "I didn't think the leopard would eat MY face" world.

#5 | Posted by Nixon at 2025-04-02 12:08 PM

This entire administration is all about undermining anything they are supposed to be in charge of

#6 | Posted by hamburglar at 2025-04-02 12:08 PM

This guy's history - heavy cocaine use, heroin addiction (which garnered him a felony conviction), steroid abuse, brain worm problems, weird dead critter fetish, horrendous treatment of women, and affection for asinine"theories" associated with health just for openers - does not inspire confidence.

#7 | Posted by Doc_Sarvis at 2025-04-02 12:11 PM

Robert F. Kennedy Jr. ... is "undermining public health."

Mission Accomplished!
-Putin

#8 | Posted by ClownShack at 2025-04-02 12:18 PM

It sounds like Wall St. is worried about share values, as usual.

#9 | Posted by Whatsleft at 2025-04-02 12:48 PM

It's probably because he's undermining profits.

#10 | Posted by lfthndthrds at 2025-04-02 01:17 PM

"It's probably because he's undermining profits."

Profits, earnings, wages, GDP, life expectancy, status of the dollar as the global reserve currency.
He's undermining it all.
You like it.

#11 | Posted by snoofy at 2025-04-02 01:19 PM

It's probably because he's undermining profits.

#10 | Posted by lfthndthrds

A massive pandemic or disease outbreak would do that.

#12 | Posted by Sycophant at 2025-04-02 01:38 PM

Two top Wall Street analysts are calling on the White House to remove Robert F. Kennedy Jr. as the U.S. Secretary of Health and Human Services,

Where were these guys during the confirmation hearings? People were told how bad he would be yet they people whose opinion may have mattered sat on their thumbs. I guess people want to see a train wreck before taking any action.

IMHO, this is all according to plan. Trump wants to neuter the federal government and ruin the economy so that he can impose his will on the American people.

#13 | Posted by FedUpWithPols at 2025-04-02 05:45 PM

Create chaos and make the US dysfunctional. Bust up NATO.
Classic KGB goals for the USA.

#14 | Posted by morris at 2025-04-02 10:18 PM

It's probably because he's undermining profits.

#10 | Posted by lfthndthrds

It's because he's undermining a major pillar of our economy based on bulls(*&.

You're out of your depth on this, as with everything else, and should just STFU and let your betters take care of it, as with everything else.

#15 | Posted by jpw at 2025-04-03 09:26 AM

It was only a matter of time before something as stupid as RFK as HHS Secretary came along.

I joined a Carnivore Diet group to get some info and see what all the hype was about.

Holy s(*& what a ridiculous pile of pseudoscience s(*&. It's literally nothing but a bunch of idiots claiming that eating nothing but beef and eggs will cure all ails and not to worry that your cholesterol is in the 400s and triglycerides are in the 500s and that you can't stop s*&^ting yourself is good because that's your body "cleansing the toxins" and it will pass when you move into the constipation phase.

That's the level of proud scientific illiteracy that's widespread in our populace and is increasing in size and loudness.

An RFK was inevitable. The only thing that will fix it is when all these fools start dying of colon cancer because they haven't eaten fiber for ten years or heart attacks because they believe the facebook group when it tells them not worry about sky high cholesterol levels.

The hard part is estimating how much collateral damage there will be when a lack of FDA or USDA regulation means corporate corner cutting for profit and lack of intervention by public health agencies opens huge opportunities for food borne illness outbreaks or widespread sale of untested, unregulated products turn out to be toxic or poorly manufactured.

People have made perfect the enemy of good and we're all going to pay a price for it.

#16 | Posted by jpw at 2025-04-03 09:48 AM

A relative minority and handful of Wall Street culture greed-huck-sters have been running our country and government for years. Kennedy is not the problem. The hucksters are the problem "Two top Wall Street analysts are calling on the White House to remove Robert F. Kennedy Jr. as the U.S. Secretary of Health and Human Services, saying he is "undermining public health." They used to own the Democrat Party, now they own both parties.

That is the problem. They turned our once self sufficient country where we had a middle class of producers into a market for other countries running on our debt. This special tiny group all got very rich. We need to have all interested stakeholders to have a say. Not just the Fed greedsters that have destroyed our middle class with debt and made their stock market the all important basis of decisions and wealth.

#17 | Posted by Robson at 2025-04-03 10:52 AM

"Kennedy is not the problem. The hucksters are the problem"

Kennedy is a huckster. So is his boss.
Capitalism means the rich get richer. That's how it's supposed to be. That's what it's supposed to do, and it does it very well.
The fix isn't to kill Capitalism. The fix is to provide public welfare, by taxing Capital.

Your sixth grade education is the problem, Robson.

#18 | Posted by snoofy at 2025-04-03 10:57 AM

That is the problem. They turned our once self sufficient country where we had a middle class of producers into a market for other countries running on our debt.

You seem like the kind of guy who has reliably voted Republican your entire life.

Which means you are part of the "they" above, dips*&^.

What the real problem is is people like you motivated by your own selfish, greedy simpleton needs who hold zero responsibility for your own stupidity.

#19 | Posted by jpw at 2025-04-03 05:02 PM

That is the problem. They turned our once self sufficient country where we had a middle class of producers into a market for other countries running on our debt.

That was because Germany's and Japan's manufacturing capacities were decimated during WWII and the U.S. was prepared to take up the slack.

Republicans even enacted tax credits (not writeoffs, credits that pay them cash) in the Bush tax cuts to help companies pay to move their manufacturing overseas.

#20 | Posted by AMERICANUNITY at 2025-04-03 05:10 PM

Seems simple enough.

But why don't the Frump and the Mush and the ridiculous Kennedy and the rest - even the Robsons whatever that is - get it?

Even Buffet has begged to be taxed more...

'Woke just means you give a damn about other people' - "Hanoi Jane"

#21 | Posted by South_American at 2025-04-03 10:06 PM

Replying to snoofster...

#22 | Posted by South_American at 2025-04-03 10:09 PM

Oh hi.

"But why don't the Frump and the Mush and the ridiculous Kennedy and the rest - even the Robsons whatever that is - get it?"

Trump and Musk has never had to get it. Their wealth affords them that privilege.
I would assume Robson is cut from the same cloth.

But there is really no way to tell what is behind these words on the Internet. People here who have been here for twenty years can claim to know a bit about one another, but that's about it.

Psychopaths are over-represented in the board room, that's probably the biggest systemic reason.

Specifically the act of incorporation, and shielding a business owner from personal responsibility for the actions of the business, is an intentional choice by our society to privatize the gains and socialize the losses.

It kinda all flows from there. Has for 500 years or so.

Happy to hear your thoughts on the topic.

#23 | Posted by snoofy at 2025-04-03 10:22 PM

'Woke just means you give a damn about other people'

Some people seem to do this naturally, others don't.

Most people can be taught or socialized or whatever you would like to call it.

Some people who can't do that can understand the math as was sort of outlined in A Perfect Mind that cooperation provides better individual returns than competition.

But if you're smart enough to figure that out, you're also probably smart enough to figure out that one person can get really rich at the expense of everyone else. Maybe the whole group wouldn't be as rich, but if all you really want is the power and privilege that wealth disparity brings, that wouldn't matter so much. Putin bringing himself up, by bringing down the West, is a nod in this direction.

#24 | Posted by snoofy at 2025-04-03 10:28 PM

@#24 ... 'Woke just means you give a damn about other people'

Some people seem to do this naturally, others don't. ...

Yup.

And that begs the question ....

Why do Republicans care about others?

#25 | Posted by LampLighter at 2025-04-03 10:33 PM

Mr.Lamp... Know you mean don't...

Thanks Snoofy - So many factors... Hope to get back to this.... just finishing up nice chicken soup from scratch....

So many thoughts, so little time....

www.google.com

#26 | Posted by South_American at 2025-04-03 11:26 PM