03:44 PM EDT, 03/27/2025 (MT Newswires) -- Health care stocks advanced late Thursday afternoon, with the NYSE Health Care Index up 0.3% and the Health Care Select Sector SPDR Fund (XLV) adding 0.4%.

The iShares Biotechnology ETF (IBB) rose 0.7%.

In corporate news, Pfizer ( PFE ) sold $20 billion of drugs to US patients in 2019, but reported zero taxable profits by claiming that 100% of the profits were earned offshore, according to the findings of an investigation conducted by Senate Finance Committee Ranking Member Ron Wyden, D-Oregon, released Thursday. Pfizer ( PFE ) disputed the report, stating that it misrepresents the impact of the 2017 Tax Cut and Jobs Act. The company said most of its global income is taxed in the US and it paid over $12.8 billion in US income taxes over the past four years. Pfizer ( PFE ) shares were down 0.7%.