Health-care companies ticked up after strong earnings and deal activity.
Johnson & Johnson posted higher sales and earnings for the recently ended quarter even as the stronger U.S. dollar and rising labor costs dented results.
Shares of Akouos rallied after the genetic-medicine company agreed to a buyout from drug giant Eli Lilly for $610 million.
Aveo Pharmaceuticals touched a 52-week high following reports that LG Chem agreed to acquire the company for $15 a share in an all-cash transaction.
The Biden administration is cutting back free Covid-19 tests and vaccines for Americans after Congress dropped billions of dollars for such efforts from a government funding bill.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-18-22 1704ET
