GE Health Spinoff Jumps in Trading Debut as Breakup Advances (2)

General Electric Co.’s former medical-equipment business surged in its trading debut as investors got their first chance to bet on the now-independent company.

Shares of GE HealthCare Technologies Inc. rose 8% to $60.49 Wednesday in New York, their first day of active trading on the Nasdaq. GE gained 5.9%, the most in three months.

Peter Arduini, chief executive officer of GE HealthCare, said Covid-19 and people living longer with chronic disease has increased demand for imaging scans. The company expects growth through its existing portfolio and internal research and development work, in addition to acquisitions to complement its ...