03:43 PM EDT, 06/27/2025 (MT Newswires) -- Health care stocks were slipping late Friday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each decreasing about 0.3%.

The iShares Biotechnology ETF (IBB) fell 0.6%.

In sector news, the US Supreme Court overturned a lower court's ruling that challenged the legitimacy of the US Preventive Services Task Force under the Affordable Care Act. The decision preserves a critical provision requiring insurers to cover preventive services, such as cancer screenings, at no cost to patients.

In corporate news, Achieve Life Sciences ( ACHV ) shares tumbled 34% after it priced a $45 million securities offering.