Health-care companies fell amid regulatory concerns.
The House of Representatives was set to pass the Inflation Reduction Act, which would give Medicare the power to negotiate the cost of some prescription drugs with pharmaceutical companies.
Drug-store chain Walgreens Boots Alliance plans to offer signing bonuses up to $75,000 to pharmacists in some markets as the company struggles to fill jobs amid a chronic worker shortage that began during the height of the Covid-19 pandemic.
Cardinal Health Chief Executive Officer Mike Kaufmann is stepping down from the drug wholesaler as inflation and supply-chain hitches hamper its medical supplies business.
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(END) Dow Jones Newswires