Shares of major processed food companies plummeted on Friday, the day after President-elect Trump nominated Robert F. Kennedy Jr. to be Secretary of Health and Human Services.

Nestle’s stock price hit a 52-week low on Friday, the company reported. CNBC. Nestlé is one of the top 10 companies in the processed foods market, along with PepsiCo, Coca-Cola, Kraft Heinz, and General Mills, according to the report. market.us. (Related: Editor’s Daily Summary: Trump nominates RFK for HHS secretary)

Similarly, PepsiCo Co., Ltd. Shares fell nearly 4% on Friday. coca cola company It has decreased by more than 1%.

It wasn’t just sugary drinks that hit the market – general mills, Who manufactures it? product Bisquick, Cocoa Puffs and Cinnamon Toast Crunch were all down more than 2%.

meanwhile, campbell soup company decreased by nearly 3%, Kraft Heinz Company It hit a 52-week low. craft product Includes Heinz, Oscar Mayer, Jell-O, Lunchables, Kraft Mac & Cheese, and Kool-Aid.

President Trump announced Thursday that he would nominate Kennedy to be HHS secretary.

“I’m excited to announce the nomination of Robert F. Kennedy Jr. to serve as U.S. Secretary of Health and Human Services (HHS),” he tweeted. “For too long, Americans have been overwhelmed by the food complex and drug companies that have perpetrated deceit, misinformation, and disinformation about public health.” (Related: Pharmaceutical stocks plummet after President Trump announces HHS’s RFK Jr.)

I am pleased to announce Robert F. Kennedy, Jr. as Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the food industrial complex and drug companies that have perpetrated deceit, misinformation, and disinformation.

— Donald J. Trump (@realDonaldTrump) November 14, 2024

Kennedy has been vocal about public health and the chemicals in American food. Food additives such as potassium bromate, titanium dioxide and brominated vegetable oil (BVO) are banned in Europe but allowed in the United States, CBS News reported.

“Democrats who say health care is everything have stood by as other countries ban these poisons that make children sick,” RFK said in an online post. “Enough is enough. President Trump and I will stop the mass poisoning of American children.”(Related: RFK JR’s family denounces Trump support as ‘betrayal’)

Democrats, who claim to be all about health care, have stood by as other countries ban these poisons that make children sick. That’s enough. President Trump and I will stop the mass poisoning of America’s children. pic.twitter.com/Rf04MrF9e8

— Robert F. Kennedy Jr. (@RobertKennedyJr) September 25, 2024