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Health-care corporations have been roughly flat because the sector’s inflation-resistant qualities continued to lure traders.
Pharmacies throughout China reported shortages of fever remedy because the nation struggles to deal with a surge of Covid-19 circumstances, weeks after Beijing deserted its three-year effort to include the fast-spreading virus.
“The issue they have is the health care system is very much dependent on hospitals as opposed to the primary-care system in the U.S., and that involves tremendous pressure on the hospitals,” stated Quincy Krosby, chief world strategist at brokerage LPL Financial.
The Food and Drug Administration revised the label for the Plan B emergency-contraceptive capsule to clarify it should not be used for abortion.
Write to Rob Curran at rob.curran@dowjones.com
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