Health Care Ticks Up as Investors Play Defense -- Health Care Roundup

Features Dow Jones Newswires

Shares of manufacturing and transportation companies were flat as traders shied away from risky stocks and bought into perceived safe havens, given the increased risk of conflict in Asia. General Electric Chief Executive John Flannery slowed building on the company's new Boston headquarters in an effort to spread out costs on the $200 million project.

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-Rob Curran, rob.curran@dowjones.com

Shares of health-care companies ticked up as traders sought out sectors less sensitive to geopolitical shifts. Mylan cut its earnings forecast for the next year and a half as it faces increased competition from generic drugs and delays in the launch of key drugs amid regulatory questions. The company said it couldn't count on launching this year planned generic versions of Teva Pharmaceutical's multiple-sclerosis drug Copaxone and GlaxoSmithKline's asthma drug Advair, after the Food and Drug Administration asked for more information.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

August 09, 2017 16:53 ET (20:53 GMT)