Health Care Down on Cyclical Bias - Health Care Roundup

Published: 2026-04-16 17:09:47 ET LLY

Published on 04/16/2026 at 05:09 pm EDT

Health-care companies fell as traders rotated into cyclical sectors, betting on an extension to the U.S.-Iran cease-fire.

Abbott Laboratories shares fell after the maker of baby-food, adult nutrition and other medical products cut its full-year earnings outlook to account for a recent acquisition and said a weaker-than-expected flu season hurt its recent quarter.

Eli Lilly's late-stage clinical trial of a type 2 diabetes treatments showed promise.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

04-16-26 1708ET