Financial Wire

Sector Update: Health Care

-- Health care stocks climbed Friday afternoon, with the NYSE Health Care Index rising 1.7% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1.5%.

The iShares Biotechnology ETF (IBB) advanced 1.4%.

In corporate news, Psyence Biomedical (PBM) shares surged 44% after it acknowledged recent reports saying that the US administration is preparing an executive order to further evaluate the safety and therapeutic potential of ibogaine, a naturally occurring compound being studied for its potential in treating post-traumatic stress disorder, addiction, and other serious neurological and mental health conditions. Through its investment in PsyLabs, Psyence has established a position in the manufacturing of ibogaine and ibogaine derivatives, it said.

Related Articles

Australia

Chevron, Other Oil Firms Gain US Supreme Court Backing in Louisiana Lawsuits

Chevron (CVX), Exxon Mobil (XOM) and other major oil companies received backing from the US Supreme Court on Friday as the court ruled that lawsuits filed by Louisiana officials accusing them of harming the state's coastal areas should be transferred out of the state courts and into federal court, according to a court document.The court issued an 8-0 ruling in a case brought by Plaquemines and Cameron parishes -- one of the 42 lawsuits filed in 2013 by several Louisiana coastal parishes and the state's attorney general seeking billions of dollars from energy firms to cover restoration and remediation costs.The parishes alleged the companies violated state law by failing to secure required coastal use permits, leading to environmental damage along the coastline.In an emailed statement to, Chevron applauded the Supreme Court's decision and said the plaintiffs' claims are "flawed as a matter of both state law and federal law" and it "looks forward to litigating these cases in federal court, where they belong."Shares of Chevron and Exxon Mobil were down 2.4% and 3.7%, respectively, in Friday afternoon trading.Price: $183.67, Change: $-4.48, Percent Change: -2.38%

$CVX$XOM
Sectors

May WTI Crude Oil Contract Closes Down US$10.85;Settles at US$83.85 per Barrel

$CLK6$LCOM6$USO
Mining & Metals

Allied Strategic Resource Up Near 38% As Announces Name Change

Allied Strategic Resource (ASR.CN) on Friday said that it plans to change its name to "Americas Uranium Corp." from "Allied Strategic Resource Corp." and begin trading on the Canadian Securities Exchange under the new name at the market open on April 22, 2026.The company said that, concurrently with the name change, it will also change its stock symbol to "NUCA" on the CSE."The name change to Americas Uranium Corp. reflects our clear vision to build a focused uranium company at a time of increasing global demand for nuclear energy," said Nicholas Luksha, Chief Executive Officer. "It underscores our commitment to identifying and advancing high-quality uranium opportunities, not only in established jurisdictions such as the Athabasca basin, but across North and South America as we continue to execute on our growth strategy."Shares were last seen up $0.085 or near 38% at $0.31 on the Canadian Securities Exchange.

$ASR.CN$NUCA.CN