Sector Update: Health Care Stocks Rise in Afternoon Trading
Health care stocks experienced a rise in afternoon trading, with the NYSE Health Care Index up 1%. Dr. Reddy's Laboratories plans to sell a generic version of Novo Nordisk's Ozempic, leading to a 2.5% gain in its shares. Johnson & Johnson's full-year sales outlook exceeded expectations, despite a 0.8% drop in shares. Merck is collaborating on a $30 million program to update its Ebola vaccine, resulting in a 1.9% share increase. CVS Health faces a class action regarding higher fees for tobacco users, with shares up 2.1%.
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