Health care stocks rose Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each advancing about 1.5%.
The iShares Biotechnology ETF (IBB) climbed 2.4%.
In corporate news, AstraZeneca (AZN) shares rose 2.3% after the company said it plans to invest $50 billion in the US by 2030, including a new manufacturing facility in Virginia.
IQVIA (IQV) shares jumped 18% after it reported higher Q2 adjusted earnings and revenue.
Sanofi (SNY) added 1.4% after the drugmaker said Beyfortus for respiratory syncytial virus prevention in infants met both of its primary endpoints in its largest US real-world study.
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