Health-care companies rose after a Medicare rates proposal was much higher than previous estimates.

Shares of Humana and UnitedHealth Group, two of the health insurers hardest hit when a preliminary proposal for Medicare payments from the government was more or less flat for 2027, shot up after the latest estimate. Under the new proposal, the Trump administration would raise payments to Medicare insurers by 2.48% next year.

Shares of some biotech companies rose after closely held German biotech firm Tubulis agreed to a buyout from biopharmaceutical giant Gilead Sciences for up to $5 billion, as Gilead seeks to build up its oncology pipeline. It was the latest in a series of deals in the niche, following the recently unveiled merger plan between Neurocrine Biosciences and Soleno Therapeutics.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

04-07-26 1731ET