03:32 PM EDT, 10/23/2024 (MT Newswires) -- Health care stocks fell late Wednesday afternoon with the NYSE Health Care Index shedding 0.5% and the Health Care Select Sector SPDR Fund (XLV) down 0.6%.

The iShares Biotechnology ETF (IBB) dropped 1.3%.

In corporate news, Tevogen Bio ( TVGN ) shares surged 57%. The company said its artificial intelligence project Tevogen AI joined the Microsoft (MSFT) for Startups program.