01:33 PM EDT, 07/29/2026 (MT Newswires) -- Healthcare stocks were slightly lower Wednesday afternoon, with the NYSE Healthcare Index down 0.1% and the State Street Health Care Select Sector SPDR ETF (XLV) fractionally lower.

The iShares Biotechnology ETF (IBB) fell 0.7%.

In corporate news, Hims & Hers Health ( HIMS ) is being sued by the US Federal Trade Commission for allegedly sharing users' data with Meta (META), Snap (SNAP) and other companies, Reuters reported. Hims & Hers Health ( HIMS ) shares dropped 11%.

UnitedHealth ( UNH ) may lose significant funding as the Trump administration plans to terminate a Medicare prescription drug subsidy program, The Wall Street Journal reported. The government will end the $3.6 billion subsidy after 2026, which would have directed more than half of its funds to UnitedHealth ( UNH ) next year, the report quoted the administration officials as saying. UnitedHealth ( UNH ) shares were down 1.4%.

Boston Scientific ( BSX ) lowered its full-year guidance below Wall Street's estimates on Wednesday, citing factors including weak demand for its Watchman heart implant. Its shares were up 0.8%.