Shares of health-care companies rose as a lower dollar promised to buoy revenue for Big Pharma.
Companies such as Merck, Pfizer and Eli Lilly export billions of dollars of drugs world-wide, and more than a half decade of dollar appreciation has eaten into their revenue tallies.
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Shares of the Advisory Board Co. rose after the software and consulting firm said it would be split in two and sold, with its health-care unit being taken over by UnitedHealth Group and its education unit going to leveraged-buyout firm Vista Equity Partners.
Rob Curran, email@example.com
(END) Dow Jones Newswires
August 29, 2017 16:30 ET (20:30 GMT)