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Biotech stock index drops 10% within 30 days of Makary exit

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Biotech stock index drops 10% within 30 days of Makary exit

Market overview

The sudden leadership change at the FDA will spook biotech investors, leading to a broad sell-off in biotech stocks. The uncertainty around future regulatory timelines will trigger a 10% decline in the NYSE Arca Biotechnology Index within 30 days.

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Implied probability (Yes)
75%

Source: user-generated

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