Healthcare stocks rose Wednesday afternoon with the NYSE Healthcare Index adding 0.5% and the State Street Healthcare Select Sector SPDR ETF (XLV) gaining 0.4%.
The iShares Biotechnology ETF (IBB) shed 0.2%.
In corporate news, Personalis (PSNL) shares jumped 7.5% after the company said the Molecular Diagnostic Services Program of the Centers for Medicare & Medicaid Services expanded coverage for its NeXT Personal minimal residual disease test.
(Updates with Arm Holdings' response to a request for comment in the final paragraph.)Arm Holdings (ARM) and its parent SoftBank Group expressed preliminary interest in acquiring Cerebras Systems weeks before its expected initial public offering but were rebuffed, Bloomberg reported Wednesday, citing people familiar with the matter.Cerebras is scheduled to price its shares Wednesday in an IPO that could value it at around $34 billion, the report said.Arm declined to comment, while SoftBank and Cerebras didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $218.04, Change: $+10.12, Percent Change: +4.87%
PayPal Holdings (PYPL) said on Wednesday it is partnering with Anthropic to offer a free online training course, AI Fluency for Small Business, to help small businesses adopt AI tools.The course includes nine lessons featuring videos from AI researchers and small business owners, with learners earning a certificate upon completion, it said.Price: $45.41, Change: $-0.03, Percent Change: -0.07%
eBay (EBAY) has an average rating of hold and mean price target of $108.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $112.96, Change: $+2.55, Percent Change: +2.31%