01:42 PM EDT, 04/08/2024 (MT Newswires) -- Health care stocks were softer Monday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding 0.3%

The iShares Biotechnology ETF (IBB) rose 0.2%.

In corporate news, Eli Lilly ( LLY ) broke ground on a plant near Frankfurt to increase production of its weight-loss drugs, with opening scheduled for 2027, Bloomberg reported Monday. The company plans to invest 2.3 billion euros ($2.5 billion) in the facility, with construction slated to start over the summer, the report said. Eli Lilly ( LLY ) shares were falling 1.4%.