Sector Update: Health Care

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Sector Update: Health Care

, MT Newswires - 1:56 PM ET 3/31/2025 default

01:56 PM EDT, 03/31/2025 (MT Newswires) -- Health care stocks advanced Monday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.1%.

The iShares Biotechnology ETF (IBB) fell 2.9%.

In sector news, any bankruptcy-related buyer of 23andMe (ME) should honor the company's privacy policies that vow to not disclose customers' genetic information, Federal Trade Commission Chairman Andrew Ferguson said Monday in a letter to the US Trustee.

In corporate news, shares of several vaccine companies were sharply lower on Monday after the top vaccine official at the US Food and Drug Administration resigned late Friday, blaming the current US Secretary of Health and Human Services for seeking "subservient confirmation of his misinformation and lies." Shares of Moderna ( MRNA ) , Novavax ( NVAX ) , BioNTech (BNTX) were down 9.3%, 8.5% and 6.1%, respectively. Pfizer ( PFE ) was off 1.1% while Inovio Pharmaceuticals ( INO ) was down 5.1%.

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