03:36 PM EST, 02/26/2025 (MT Newswires) -- Health care stocks fell late Wednesday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both shedding 0.7%.

The iShares Biotechnology ETF (IBB) dropped 0.8%.

In corporate news, Renovaro ( RENB ) shares surged 54% after the company agreed to merge with AI-driven drug discovery company BioSymetrics.