Health-care companies fell as mixed earnings outlook offset deal activity.

Medical-device maker Boston Scientific agreed to buy thrombectomy company Penumbra for about $15 billion in cash and stock, as it seeks to add a blood-clot specialist to its portfolio.

The Health and Human Services Department has reversed around $2 billion in grant cuts to substance-abuse and mental-health programs, rescinding termination notices that sent shock waves through organizations that receive funding to help people in recovery and those experiencing mental illness.

President Trump is urging Congress to pass measures lowering prescription drug prices, increasing price transparency and redirecting federal subsidies from insurers to consumers. The proposals are thought to stand little chance in Congress.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-15-26 1754ET