Health-care companies rose after President Trump rescinded a threat to impose tariffs on several major European nations.
Strong demand for cancer and autoimmune treatments more than offset the sales hit from a key drug-patent loss as health-care conglomerate Johnson & Johnson posted fourth-quarter earnings growth.
Stelara, a treatment for skin and gut conditions, lost patent protection last year. Shares of international drug makers such as French firm Sanofi and Danish giant Novo Nordisk rose or came off their lows following Trump's assertion on the Truth Social network that he had agreed on the "framework" of a deal to build missile defenses on Greenland.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
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