03:27 PM EST, 11/27/2024 (MT Newswires) -- Health care stocks were higher late Wednesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each rising 0.5%.

The iShares Biotechnology ETF (IBB) rose 0.9%.

In corporate news, Grifols ( GRFS ) has decided not to welcome a new takeover bid by a third party as Brookfield Asset Management ( BAM ) intends to walk away from its plan to buy the company, Bloomberg reported, citing the Grifols ( GRFS ) family. In a statement sent to MT Newswires, Brookfield confirmed "it is not in a position to continue with a potential offer for Grifols ( GRFS )." Grifols ( GRFS ) shares tumbled past 7%.