03:51 PM EDT, 10/07/2025 (MT Newswires) -- Health care stocks edged lower late Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each decreasing nearly 0.1%.

The iShares Biotechnology ETF (IBB) shed 0.3%.

In corporate news, Sanuwave Health ( SNWV ) shares fell 22% after it reported preliminary Q3 revenue that trailed its previous guidance in the previous day.

Johnson & Johnson ( JNJ ) was ordered by a Los Angeles jury to pay $966 million to the family of Mae Moore after the company was found liable for its talc-based baby powder products, Reuters reported. Moore died of mesothelioma in 2021. Johnson & Johnson ( JNJ ) shares were fractionally lower.

Novo Nordisk ( NVO ) has laid off numerous workers at its Clayton, North Carolina, site, which produces semaglutide used in its weight-loss and diabetes drugs Wegovy and Ozempic, Reuters reported Monday. Novo shares declined 0.8%.

Envoy Medical ( COCH ) shares surged 94% after the hearing health company said it received approval from the US Food and Drug Administration to advance its Acclaim cochlear implant trial to the final stage.