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FINWIRES

Sector Update: Health Care Stocks Decline in Afternoon Trading

-- Health care stocks were lower Friday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) each shedding 1.4%.

The iShares Biotechnology ETF (IBB) decreased 0.7%.

In sector news, the US Food and Drug Administration said it was launching regulatory actions to back the development of psychedelic therapies to treat mental illness. The move builds on President Donald Trump's recent executive order directing the Department of Health and Human Services to accelerate access to treatments for people with serious mental illness, the FDA said.

In corporate news, HCA Healthcare's (HCA) Q1 results exceeded market expectations, but the hospital operator said it did not see its usual seasonal lift in admissions amid declines in respiratory activity. Its shares dropped 9%.

Organon (OGN) shares surged 28% amid a report that India's Sun Pharmaceutical Industries was planning a $13 billion bid for the company.

Compass Pathways (CMPS) shares rose 5% after it said Friday the US Food and Drug Administration has granted its rolling review request for its new drug application and selected COMP360 for the Commissioner's National Priority Voucher program for treatment-resistant depression.

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Insider Trading

Sonoco Products Insider Bought Shares Worth $399,998, According to a Recent SEC Filing

Paul Joachimczyk, CFO, on April 24, 2026, executed a purchase for 8,058 shares in Sonoco Products (SON) for $399,998. Following the Form 4 filing with the SEC, Joachimczyk has control over a total of 28,558 common shares of the company, with 28,558 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/91767/000122520826004596/xslF345X05/doc4.xml

$SON
Commodities

Market Chatter: Pakistan Turns to Spot LNG Market Amid Supply Crunch

Pakistan has purchased LNG cargo from the spot market for the first time in over two years, as it moves to ease a supply shortfall linked to ongoing conflict in the Middle East, Bloomberg reported on Friday, citing traders familiar with the matter.State-run Pakistan LNG secured a shipment from TotalEnergies (TTE) for delivery April 27-30 through a tender that closed on Friday. The company declined to award two additional cargoes sought in the same tender.Pakistan LNG, TotalEnergies and the Pakistani Ministry of Energy did not immediately reply to a request for comment by.The purchase marks a shift for Pakistan, which has largely relied on long-term contracts, primarily with Qatar, for its LNG needs. The country has not received an LNG shipment since early March following the closure of the Strait of Hormuz, a critical transit route for global energy supplies.Bloomberg said ship-tracking data indicate that four Qatari LNG cargoes designated for Pakistan have remained stranded in the Persian Gulf since the conflict began in late February.TotalEnergies reportedly sold the cargo at $18.88 per million British thermal units, more than double the price Pakistan typically pays under its long-term contract with Qatar.Asian LNG spot prices have surged roughly 70% compared with pre-conflict levels, as the closure of the Strait of Hormuz has disrupted flows representing about one-fifth of global LNG supply, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TTE
Equities

Heidmar Maritime Gets Nasdaq Notice Over Minimum Bid Price

Heidmar Maritime (HMR) said Friday it received a notice from Nasdaq indicating the company is not in compliance with the exchange's minimum bid price requirement after its shares traded below $1 per share for 30 consecutive business days.The company said it has until Oct. 19, 2026, to regain compliance with the requirement.Heidmar said it intends to monitor its share price and consider available options to regain compliance within the allowed timeframe. Its shares will continue to trade on Nasdaq during the grace period and the notice does not affect the company's business operations.Shares of Heidmar Maritime were down 3.6% in after-hours trading.

$HMR