Healthcare stocks rose Tuesday afternoon, with the NYSE Healthcare Index rising 1.6% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1.5%.
The iShares Biotechnology ETF (IBB) climbed 1.7%.
In corporate news, Vertex Pharmaceuticals (VRTX) agreed to buy endocrine disease drugmaker Crinetics Pharmaceuticals (CRNX) for a total equity value of about $10 billion. Crinetics shares surged 98%, and Vertex was down 0.5%.
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