AXIOS June 9, 2020
The S&P index of top health care companies finished Monday higher than where it opened the year.
The big picture: A global coronavirus pandemic, social unrest, mass unemployment, and the halting of medical procedures hasn’t been enough to derail Wall Street’s rosy view of the health care industry.
Where things stand: The coronavirus started to affect the economy toward the tail end of the first quarter, but the health care industry was relatively unscathed.
- Among the 109 publicly traded health care companies tracked by Axios, first-quarter profits exceeded $50 billion, good for a 7.4% net profit margin.
- Pharmaceutical companies and health insurers generated the highest returns....
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