Health-Care ETF Pulls Back From Record High as Losses in Smaller XLV Holdings Offset Gains Among Top Components

The State Street Health Care Select Sector SPDR ETF pulled back after touching an all-time high on Thursday. The fund hit $169.71 before ending the session at $168.38, a 0.04% decrease. The closing price was 0.78% short of its intraday high.

AbbVie moves to acquire Apogee in $10.9 billion bet on immunology

AbbVie moves to acquire Apogee in $10.9 billion bet on immunology

AbbVie said Monday it’s buying Apogee Therapeutics for $10.9 billion in cash, making this its largest deal since 2019. The company is looking to strengthen its immunology pipeline with Apogee’s long-acting immune-disease drugs. AbbVie and Apogee put out a joint release on the agreement, according to a securities filing. They expect the deal to close in the third quarter of 2026.
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