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The S&P healthcare index fell 0.7 percent, marking the second straight day of decline as shares of Merck and Johnson & Johnson booked losses. Apple fell 1.23 percent after Barclays cut its price target. The stock was the biggest drag on Wall Street.
The Obama administration on Thursday finalized rules requiring federal contractors to provide paid sick leave to employees and expanding the type of data employers must provide on their pay practices. U.S. Labor Secretary Thomas Perez told reporters in a phone call that the sick leave rule would directly affect more than 1.1 million workers. Effective Jan. 1, it will require companies working on federal contracts to provide up to seven days of earned leave.
Three people were killed and more than 100 injured, some critically, when a commuter train derailed and plowed through Hoboken station in New Jersey during the morning rush hour on Thursday, U.S. media and a transit official said. Well over 100 people were hurt, many of them critically, Jennifer Nelson, a spokeswoman for train operator New Jersey Transit, told reporters at the scene. ABC News said on its website that New Jersey Transit was reporting many passengers were trapped.