$Eli Lilly(LLY.US), $Abbvie(ABBV.US) basically didn't move, $Merck(MRK.US) fell slightly by two points—big pharma companies are just lying low and steady during market volatility, with very little fluctuation when there's no earnings reports or data catalysts. $Unitedhealth(UNH.US) has a different logic, rising by more than two points. There's been a recovery in policy sentiment around the health insurance sector recently, which is a different driver from big pharma. The certainty of defense and dividends is what people hold big pharma for, so the moves aren't intense; $Unitedhealth(UNH.US), on the other hand, is more sensitive to the direction of health insurance policy 🤔