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Health Care Up On Covid Treatment Hopes -- Health Care Roundup

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07/21/2020 | 05:23pm EDT

Health-care companies rose as investors bet the sector would produce a viable Covid-19 treatment.

The U.S. government has accused two alleged hackers of conspiring with Chinese intelligence to steal hundreds of millions of dollars in intellectual property from scores of companies world-wide, in a wide-ranging criminal operation that recently targeted companies working on coronavirus treatments and testing, The Wall Street Journal reported.

U.S imports of Covid-19 test kits rose in May, boosted by demand for tests made by Abbott Laboratories. Shares of Swiss drug giant Novartis fell after it reported a decline in second-quarter sales, reflecting a slowdown in discretionary medical purchases during the period.

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

Stocks mentioned in the article
ChangeLast1st jan.
ABBOTT LABORATORIES -1.76% 100.92 Delayed Quote.16.19%
NOVARTIS AG -0.71% 79.63 Delayed Quote.-12.73%
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