01:45 PM EDT, 04/07/2025 (MT Newswires) -- Health care stocks fell Monday afternoon with the NYSE Health Care Index declining 1.1% and the Health Care Select Sector SPDR Fund (XLV) down 0.5%.

The iShares Biotechnology ETF (IBB) dropped 1%.

In corporate news, Eli Lilly ( LLY ) shares fell 2.3% after the Trump administration decided to delay a plan allowing Medicare to pay for obesity medications, which would have granted more people access to the company's weight-loss drug Zepbound.