Slowing sales in China, which is locked in a trade battle with the Trump administration, weighed on earnings of U.S. goods-producers while government-subsidized healthcare and Washington’s fight to lower drug prices preoccupied healthcare and insurance firms that reported that reported quarterly financial performance this week.

Earnings at T-Mobile, Sprint, and Express Scripts provided a window into pending mega-mergers, and results at Cigna and Humana again reinforced the strengthening of Obamacare markets after years of instability.