01:35 PM EDT, 08/15/2025 (MT Newswires) -- Health care stocks climbed Friday afternoon, with the NYSE Health Care Index rising about 2% and the Health Care Select Sector SPDR Fund (XLV) adding 1.9%.

The iShares Biotechnology ETF (IBB) advanced 1%.

In corporate news, UnitedHealth Group ( UNH ) jumped 14% after Berkshire Hathaway (BRK.A, BRK.B) said in a filing that it bought over 5 million shares of the company in Q2.

Medtronic ( MDT ) is expected to report fiscal Q1 results above market expectations and likely lift its full-year outlook amid easing tariff impacts and forex tailwinds, according to Needham. Medtronic ( MDT ) shares added 0.7%.

Precigen ( PGEN ) shares surged past 77% after the US Food and Drug Administration approved Papzimeos for adults with recurrent respiratory papillomatosis.

Cingulate ( CING ) shares fell more than 3% after the company said Friday its board has placed Chairman and Chief Executive Shane J. Schaffer on administrative leave pending the resolution of legal matters unrelated to the company and its operations.