01:51 PM EDT, 10/01/2024 (MT Newswires) -- Health care stocks were lower Tuesday afternoon, with the NYSE Health Care Index down 0.7% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.6%.

The iShares Biotechnology ETF (IBB) fell 1.1%.

In corporate news, CVS Health ( CVS ) is considering breaking up the company into separate retail pharmacy and insurance units under pressure from investors, Reuters reported. CVS shares were falling 3.1%.

Eli Lilly ( LLY ) is considering testing its weight-loss drugs on individuals who are not overweight but are at risk of gaining weight or might develop conditions like stroke or diabetes, the Financial Times reported. Eli Lilly ( LLY ) shares were shedding 0.6%.

Guardion Health Sciences ( GHSI ) shares plunged past 44% after the company said Tuesday it plans to delist its shares from Nasdaq in connection with a plan of liquidation and dissolution.