Health-care companies rose, but not by as much as the broad market, amid mixed earnings.

Merck shares slipped after the drug giant posted second-quarter profit that lagged the Wall Street target.

President Biden called for state and local governments to make $100 payments to every newly vaccinated American as authorities race to stem the newest wave of Covid-19 cases.

The effectiveness of Pfizer's Covid shot can drop to 84% within four to six months after getting the second dose of its vaccine, according to new data, a sign that booster shots may be necessary for vaccinated people.

In Israel, rising cases of the Delta variant have persuaded the government to authorize a booster shot for people over 60 years old.

Annovis Bio shares plunged after the drug developer presented Alzheimer's disease drug data at a conference Wednesday night.

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

(END) Dow Jones Newswires

07-29-21 1654ET