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Sector Update: Health Care
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Sector Update: Health Care
Nov 12, 2024 3:44 PM

03:37 PM EST, 11/12/2024 (MT Newswires) -- Health care stocks were in the red late Tuesday afternoon, with the NYSE Health Care Index down 0.9% and the Health Care Select Sector SPDR Fund (XLV) falling 1.2%.

The iShares Biotechnology ETF (IBB) slumped 2.4%.

In corporate news, the US Department of Justice and the attorneys general of Maryland, Illinois, New Jersey and New York filed a civil antitrust lawsuit to block UnitedHealth's ( UNH ) planned $3.3 billion acquisition of Amedisys ( AMED ) , the DOJ said Tuesday. UnitedHealth ( UNH ) shares fell 1.4%, and Amedisys ( AMED ) dropped 1.8%.

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