01:58 PM EST, 11/06/2025 (MT Newswires) -- Health care stocks were lower Thursday afternoon, with the NYSE Health Care Index shedding 0.4% and the Health Care Select Sector SPDR Fund (XLV) down 0.2%.

The iShares Biotechnology ETF (IBB) was 0.3% higher.

In corporate news, Eli Lilly ( LLY ) and Novo Nordisk ( NVO ) have reached agreements to cut prices for several weight-loss and diabetes drugs under the government's TrumpRx program, the White House said Thursday. Eli Lilly ( LLY ) shares were down 0.2%, and Novo dropped 3.6%.

Moderna ( MRNA ) narrowed its full-year revenue outlook on Thursday as its Q3 top-line declined less than expected amid weak COVID-19 vaccine sales. Its shares rose 2.9%.

Haemonetics ( HAE ) shares jumped 28% after the company posted fiscal Q2 results that topped expectations.