financetom
Business
financetom
/
Business
/
Analysts at Cantor, formerly headed by Lutnick, call for Kennedy's dismissal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Analysts at Cantor, formerly headed by Lutnick, call for Kennedy's dismissal
Mar 31, 2025 4:48 PM

(Reuters) - 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.

Kennedy, a well-known vaccine skeptic, last week announced plans to reshape the federal public health agencies that could involve firing thousands of workers.

Cantor analysts Josh Schimmer and Eric Schmidt said in a note on Monday that Kennedy was "undermining the trusted leadership of health care in this country. HHS cannot be led by an anti-vax, conspiracy theorist with inadequate training."

The note came after reports that the Food and Drug Administration's top vaccine official, Peter Marks, was forced to resign, the most high-profile exit at the regulator as the Trump administration undertakes an overhaul of federal health agencies.

Lutnick, the billionaire who was the CEO of Cantor for 40 years, stepped down last month to run Trump's commerce department, handing over the reins of the brokerage in part to his two sons. Brandon Lutnick was appointed as chairman and Kyle Lutnick was named as executive vice chairman of Cantor.

Cantor Fitzgerald did not immediately respond to Reuters' request for a comment.

The ouster of Marks led to a decline in biotech and vaccine stocks on Monday. The SPDR S&P Biotech ETF closed down 3.9%.

The Cantor analysts noted the fall in the stocks, but said their note had nothing to do with politics, stocks and biopharmaceutical sales, but with keeping lives out of jeopardy.

They said they had learned from sources that Marks, who was willing to stay at the FDA, took a scientifically driven review of vaccine safety and did not yield to an anti-science agenda that undermined public health. The same could not be said about Kennedy, they said.

The analysts also said the "administration has shown an ability to correct course, to compromise and to make changes where needed," adding they are "hopeful that the leaders in Washington will recognize and appreciate the benefits that vaccines can and should play in protecting U.S. citizens."

(Reporting by Puyaan Singh in Bengaluru; Editing by Shinjini Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved