Health Care

Health care stocks roar after J&J, UnitedHealth beat earnings

Traders look at screens on the floor of the New York Stock Exchange.
Health care traders are happy. Photo: Drew Angerer/Getty Images

The stock prices of health care companies shot up Tuesday after UnitedHealth Group and Johnson & Johnson, two of the industry's bellwethers, both posted Q3 earnings that exceeded expectations.

Between the lines: Some of the biggest gains accumulated to UnitedHealth and its health insurance peers. UnitedHealth said its insurance division paid out fewer dollars for medical care than projected, raising hope on Wall Street that other insurers were in the same boat.

Go deeper: Health care stocks aren't having a great year

Juul faces first lawsuit over a death linked to vaping illness

juul sign in the window
Juul sign at a convenient store. Photo: Robyn Beck/AFP/Getty Images

A mother is suing Juul, claiming the e-cigarette maker's nicotine cartridges were a significant factor in causing the death of her 18-year-old son over a year ago, Bloomberg Law reports.

Why it matters: It's the first wrongful-death vaping suit against a major e-cigarette company, as the country's death toll from the illness reaches 26.