03:33 PM EDT, 07/15/2025 (MT Newswires) -- Health care stocks declined late Tuesday afternoon, with the NYSE Health Care Index dropping 1.9% and the Health Care Select Sector SPDR Fund (XLV) falling 1.7%.

The iShares Biotechnology ETF (IBB) declined 2.1%.

In corporate news, Gilead Sciences ( GILD ) has agreed to pay $202 million to settle claims that it violated US anti-kickback laws through its HIV drug speaker programs, according to a Tuesday statement by New York Attorney General Letitia James. Gilead shares were down 2.4%.