03:44 PM EDT, 08/05/2025 (MT Newswires) -- Health care stocks were mixed late Tuesday afternoon, with the NYSE Health Care Index up 0.2% and the Health Care Select Sector SPDR Fund (XLV) decreasing 0.5%.

The iShares Biotechnology ETF (IBB) fell 1.4%.

In sector news, President Donald Trump said he will unveil tariffs on semiconductors and pharmaceuticals "within the next week or so" and that import taxes on drugs could ultimately reach 250%, according to a report from The Wall Street Journal.

In corporate news, Inspire Medical Systems ( INSP ) shares fell 37% after JPMorgan downgraded the stock to neutral from overweight, a day after the company reduced 2025 earnings and revenue guidance.