Financial Wire

Sector Update: Health Care Stocks Fall Late Afternoon

-- Health care stocks declined late Monday afternoon, with the NYSE Health Care Index down 1.1% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 1%.

The iShares Biotechnology ETF (IBB) decreased 0.4%.

In corporate news, Tvardi Therapeutics (TVRD) shares fell 4.1% after Barclays downgraded the company's stock to underweight from equalweight and adjusted the price target to $3 from $4.

Eli Lilly (LLY) has agreed to buy clinical-stage biotechnology firm Kelonia Therapeutics for up to $7 billion, as the drugmaker looks to bolster its cancer treatment portfolio. Lilly shares were easing 0.6%.

Compass Pathways (CMPS), GH Research (GHRS), and other psychedelic companies' shares were up on Monday, after US President Donald Trump signed an executive order Saturday to expedite access to treatments for patients with serious mental illness. Compass shares surged 42%, and GH Research jumped 17%.

Nektar Therapeutics (NKTR) shares climbed 18% after it said Monday that data from a 16-week extension period of its phase 2b study of rezpegaldesleukin showed a "deepening of response" in people with severe-to-very-severe alopecia areata.

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Research Alert: CFRA Initiates Coverage On Shares Of Klarna Group Plc With A Hold Rating

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SUPCON's 2025 Profit Drops 60%, Revenue Slips 12%; Shares Down 5%

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Aspial Lifestyle Prices SG$28 Million Worth of Bonds; Shares Up 7%

Aspial Lifestyle (SGX:5UF) priced SG$28 million worth of 5.10% bonds due 2029, under its SG$300 million multicurrency medium-term bond program, according to a Monday filing with the Singapore Exchange.Shares of the retail brand were up over 7% in Tuesday's late-morning trading.The bonds will be consolidated and form a single series with the existing SG$75 million 5.10% bonds due 2029.DBS Bank was appointed as the sole dealer for the bonds.Net proceeds raised from the issue of the bonds will be used for general corporate purposes.The bonds are expected to be listed on April 30, the filing added.

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