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Health Care Drops on Rotation to Rate-Sensitive Sectors
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Health-care companies fell as traders shifted to more interest rate-sensitive sectors. Novo Nordisk and Eli Lilly experienced a decline, while Consumer weight-loss firm WeightWatchers launched a subscription plan using Novo Nordisk's Ozempic. Moderna released new data from a cancer treatment trial with Merck, indicating effectiveness.
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How might the shift to more interest rate-sensitive sectors impact the healthcare industry?
What are the implications of Moderna's promising cancer treatment trial data?
What are the potential implications of WeightWatchers using Novo Nordisk's Ozempic in their subscription plan?
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