JSFiddle - React, Tailwind, and code Playground

HTML

<select name="ctl00$SubPageBody$ClassList" id="ctl00_SubPageBody_ClassList">
<option value="196">Four Week Series: July 19, 2012, 11:00am-12:00pm&<div>July 26, 2012, 11:00am-12:00pm&nbsp;</div><div>August 2, 2012, 11:00am-12:00pm</div><div>August 9, 2012, 11:00am-12:00pm</div></option>

</select>

JavaScript

$(function(){
   
$('select option').each(function() { 
    this.text = $(this).text();

});
    
});