Health Care up on Defensive Bias

Dow Jones
3 hours ago

Health-care companies rose amid deal activity and a rotation back into defensive sectors.

An investment vehicle controlled by Canada's Weston family struck a deal to buy U.K. pharmacy chain Boots from investment firm Sycamore Partners for $8.9 billion including debt. Sycamore separated Boots from former owner Walgreens after a 2025 takeover.

Merck shares fell after the Big Pharma company contended with a legal challenge to its Keytruda oncology drug in Europe. Following a ruling by a Dutch court in a case brought by Halozyme Therapeutics, alleging Merck used the company's MDASE technology, Merck was barred from selling an injectable form of Keytruda in eight European markets, including France, the Netherlands and Sweden.

Becton Dickinson is doubling down on U.S. manufacturing not just to dodge future tariffs, but to strengthen increasingly fragile hospital supply chains, according to Chief Executive Tom Polen.

 

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