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Trump Approves Makary Dismissal; Biotech Stocks Jump

5/9/2026

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Trump Approves Dismissal
  • The White House said President Donald Trump approved a plan to dismiss FDA Commissioner Marty Makary, calling administration most experienced.
  • President Donald Trump approved a plan to fire FDA Commissioner Marty Makary, with the decision not yet finalized.
  • Makary’s year featured staff turnover, controversial drug rejections and disputes over the abortion pill mifepristone.
  • Shares of biotech firms UniQure and Replimune rose after news of Makary’s possible departure.
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