03:55 PM EDT, 04/07/2026 (MT Newswires) -- Health care stocks were mixed late Tuesday afternoon with the NYSE Health Care Index little changed and the State Street Health Care Select Sector SPDR ETF (XLV) gaining 0.1%.

The iShares Biotechnology ETF (IBB) shed 0.3%.

In corporate news, Gilead Sciences ( GILD ) agreed to acquire Germany-based Tubulis for up to $5 billion to expand its oncology pipeline. Gilead shares fell 1.3%.

Health insurance stocks rose after the Centers for Medicare and Medicaid Services announced a larger-than-expected increase to Medicare Advantage payments for 2027. Humana (HUM) shares jumped 8.2%, UnitedHealth ( UNH ) surged 9.2%, and CVS Health ( CVS ) gained 6.2%.

Novo Nordisk ( NVO ) launched Wegovy HD, an injectable 7.2 milligram version of its popular weight-loss drug, in the US. The stock rose 0.6%.

Terns Pharmaceuticals ( TERN ) shares eased 0.3% after William Blair downgraded the stock to market perform from outperform.