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Vanguard Health-Care ETF Sees Record Trading as Pharma Soars

Carolina Wilson
Vanguard Health-Care ETF Sees Record Trading as Pharma Soars

U.S. drugmakers are hot, with Pfizer Inc., Eli Lilly & Co. and Merck & Co. soaring to 16-year highs after reporting stronger than expected second-quarter results and the S&P 500 Index pharmaceuticals industry group hitting an all-time high Monday. Together, Pfizer and Merck make up more than 10 percent of the fund’s exposure. Its largest holding is industry bellwether Johnson & Johnson, which is heading for its best four-day run since early 2016.