Health-care companies fell as traders hedged their bets on the outlook for growth in the sector.
Insurers, including Elevance, which recently warned of cost pressures from its Affordable Care Act marketplace plans, are seeking hefty 2026 rate increases for the Obamacare.
Reckitt Benckiser is selling a majority stake in its home-care business, home to Air Wick fresheners and Cillit Bang cleaning products, to Advent International in a deal that values the whole unit at up to $4.8 billion including debt. Reckitt is seeking to tighten its focus on its most profitable business lines, including Lysol disinfectant spray and Dettol antiseptic liquid.
British drug giant GSK shares fell after a Food and Drug Administration advisory committee voted against approval of blood-cancer treatment.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
07-18-25 1730ET
