Sector Update: Health Care Stocks Climb Monday Afternoon

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Health care stocks rose Monday afternoon, with the NYSE Health Care Index adding 2% and the Health Care Select Sector SPDR Fund (XLV) climbing 2.4%.

The iShares Biotechnology ETF (IBB) jumped 4.6%.

In corporate news, President Donald Trump signed an executive order that will seek to lower prescription drug prices by tying the amount the government pays for some medicines to lower prices abroad. Trump also said he will seek to "cut out" pharmacy benefit managers. Shares of Pfizer (PFE), Johnson & Johnson (JNJ), Merck (MRK), AbbVie (ABBV) and Eli Lilly (LLY) rose. UnitedHealth (UNH), CVS Health (CVS) and Cigna (CI), the owners of the three largest PBMs, fell 0.3%, 4.6% and 6.2%.

KindlyMD (KDLY) shares soared 340% after the company said Monday it has entered into a definitive merger agreement with Nakamoto Holdings to start a Bitcoin treasury strategy.

CytomX Therapeutics (CTMX) shares surged 90% after the company reported better-than-expected Q1 results and "positive" interim trial results.

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Trump also said he will seek to \"cut out\" pharmacy benefit managers. Shares of Pfizer (PFE), Johnson &amp; Johnson (JNJ), Merck (MRK), AbbVie (ABBV) and Eli Lilly (LLY) rose. UnitedHealth (UNH), CVS Health (CVS) and Cigna (CI), the owners of the three largest PBMs, fell 0.3%, 4.6% and 6.2%.</p><p>KindlyMD (KDLY) shares soared 340% after the company said Monday it has entered into a definitive merger agreement with Nakamoto Holdings to start a Bitcoin treasury strategy.</p><p><a href=\"https://laohu8.com/S/CTMX\">CytomX</a> <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> (CTMX) shares surged 90% after the company reported better-than-expected Q1 results and \"positive\" interim trial results.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0187121727.USD","symbol_name":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2535002272","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535002272","pubTimestamp":1747072850,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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