01:29 PM EDT, 09/05/2024 (MT Newswires) -- Health care stocks were sliding Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each falling about 1.5%.

The iShares Biotechnology ETF (IBB) shed 0.7%.

In corporate news, McKesson (MCK) signed an agreement to sell its Canada-based Rexall and Well.ca businesses to Birch Hill Equity Partners, a Canadian private equity firm. McKesson shares were falling past 9%.