Sector Update: Health Care Stocks Slipping Wednesday Afternoon
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Health care stocks fell on Wednesday, with the NYSE Health Care Index down 1.1%. Eli Lilly and Seamless Therapeutics announced a $1.12 billion collaboration, but Lilly shares dropped 3.2%. Novo Nordisk's shares fell 4% amid concerns over a potential price war and significant advertising spending. In contrast, Molina Healthcare's shares rose 0.5% after launching a workforce initiative to create 15,000 home health aide positions across 26 states.
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