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Worsening Health-Care Rout Wipes Out $150 Billion in Four Days

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Medicare-for-All Doesn't Have 'Teeth,' Analyst Gupte Says
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The drubbing in the health-care sector spread to pharmaceutical companies this week, with investors bloodied by a rout that left stocks trading near their lows of the year.

About $150 billion of market value was erased from companies in the S&P 500 Health Care Index in the four days through Thursday, when markets closed for the holiday weekend. The 4.4 percent decline left the gauge trading around lowest level since Jan. 3.