Health Care Down on Cyclical Bias -- Health Care Roundup

Dow Jones

05/09

Health-care companies fell as traders rotated into cyclical sectors.

Kenvue, the Johnson & Johnson spinoff that makes Tylenol and Benadryl, logged earnings growth ahead of expectations, and named Kellanova Chief Financial Officer Amit Banati as its financial chief.

Shares of troubled Covid-19 vaccine developer Novavax rose sharply after it logged a significant profit, boosted by payments related to the termination of two purchase contracts.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

May 08, 2025 18:27 ET (22:27 GMT)

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