Shares of pharmaceutical giants Pfizer and Merck rose in premarket trading after reporting first-quarter financial results that beat Wall Street's expectations.
rose more than 1% in premarket trading on Tuesday after reporting first-quarter financial results that beat Wall Street's expectations.dropped 3.0% after the company reported first-quarter earnings that topped expectations, but revenue that missed. Eli Lilly's key drugs Trulicity and Alimta fell short of Wall Street's forecasts.
Health care has been the worst-performing sector in the stock market this year on concerns of drug pricing reform and "Medicare for All" proposals from Democratic lawmakers. The Health Care Select Sector SPDR Fund, an ETF that tracks the health-care industry's biggest companies, has risen by just 2.7% as of Monday, significantly lagging the broader market indexes. The Dow Jones Industrial Average is up 13% over the same period, and the S&P 500 is 17% higher.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Merck shares rise premarket as earnings top estimatesMerck & Co. Inc. shares rose 2.6% in premarket trade Tuesday, after the drug company posted stronger-than-expected earnings for the first quarter and...
Read more »
Intel shares suffer steepest plunge in over three years after disappointing revenue forecastDespite reporting better-than-expected earnings, Intel's shares fell after it reported a weak revenue forecast for 2019. CEO Bob Swan discusses the company's latest earnings report.
Read more »
The CEO of pharmaceutical giant Merck is a Harvard-trained lawyer, and he shares what attorneys need to do to be 'treated as the wise people in the room' againHere's why it's a mistake for lawyers to specialize too much, and what they should do instead, according to the attorney who runs the pharma company Merck.
Read more »
Thomas Cook shares, bonds rally on report of suitors circlingShares and bonds in Thomas Cook Group Plc rallied on Tuesday after a media repor...
Read more »
EBay's strong quarter, robust forecast send shares 5% higherEBay Inc beat analysts' quarterly revenue estimates and forecast second-qua...
Read more »
Coke Zero Sugar, new flavors lift Coca-Cola results; shares riseStrong demand for Coca-Cola Co's zero-calorie drink Coke Zero Sugar, new or...
Read more »
Snap returns to user growth on new shows, Android app; shares jumpSnap Inc on Tuesday beat Wall Street targets for quarterly revenue as its photo-...
Read more »
Texas Instruments says slowdown in chip demand may continue; shares fallChipmaker Texas Instruments said on Tuesday a slowdown in demand for microchips ...
Read more »
Saudi Arabia puts to death 37 people in largest mass execution in past three yearsAt least three of those executed were minors at the time of their alleged crimes, a human rights group said.
Read more »
African summit gives Sudan military three months for reformsAfrican leaders meeting in Cairo on Tuesday agreed to give Sudan's ruling m...
Read more »
Lockheed Martin raises 2019 profit forecast, shares jumpLockheed Martin Corp reported a better-than-expected 47 percent jump in quarterl...
Read more »