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PortoPeople@lemm.ee

Stock Market Tanks as Trump Unveils Nightmare Cabinet Picks (newrepublic.com)

submitted 8 hours ago by PortoPeople@lemm.ee to c/trump_watch@lemm.ee

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[–] ArbitraryValue@sh.itjust.works 28 points 7 hours ago* (last edited 7 hours ago)

The article does say

stocks linked to some of the biggest pharmaceutical companies—including Moderna, Pfizer, and Novavax—plummeted to some of their lowest points of the year

and it's true that those particular stocks have gone down, although I wouldn't call a 4% drop a "plummet". The headline is still a deliberate lie and most people just read the headline. Shame on the New Republic.

Also, Pfizer's market cap is about ten times bigger than Moderna's and Moderna's is about ten times bigger that Novavax's. In other words, Pfizer is more than one hundred times bigger than Novavax and putting the two in the same "biggest pharmaceutical companies" category is bullshit.