Vacation Week through Aug 1-Limited Postings
- Will update major biotech and earnings news.
- Will summarize healthcare subsectors at end of week.
Update-1 7/29/25 2:42P EDT…Look for strength on a weak day like today: ABBV, INCY, RNA, VRTX.
A new tax on PATENTS!? Has Howard Lutnick lost his mind? He is the Commerce Secretary.
7/31/25…Healthcare shares still lagging this week but ABBVIE (ABBV) is strong after earnings beat with neuroscience in focus.
- Pharmaceutical shares hit at midday by TRUMP letter on pricing.
8/1/25…a Sloppy trading day made worse by news post earnings with major indices down: NAZ 2.13%,,SPY down 1.5%, IWM down 4% A good DAY for bonds as jobs get a surprised revision then TRUMP fires Labor Data analytics chief! So economy looks weaker than expected. A whipsaw day indeed. Rate cut expected in SEP but because of job cuts but tariffs remain an issue.
- Pharmaceuticals and healthcare XLV up 0.6% show gains with many 1% +winners: ABBV, AZN, BMY, LLY, MRK,jNJ, REGN. RYTM up 3.6%!