03:34 PM EDT, 07/08/2025 (MT Newswires) -- Health care stocks rose late Tuesday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.5%.

The iShares Biotechnology ETF (IBB) climbed 1%.

In sector news, President Donald Trump reportedly threatened to impose a 200% tariff on pharmaceuticals imported into the US, according to multiple media reports.

In corporate news, Progyny ( PGNY ) shares jumped past 13% after the company said it expects Q2 results to be "slightly above" guidance that was provided in May.