A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.» Read More
NEW YORK, June 20- In the race to find a faster cure for hepatitis C, Bristol-Myers Squibb Co said it will test its experimental antiviral drug combination with Gilead Sciences Inc's blockbuster drug Sovaldi, hoping to cut treatment time to four weeks.
Some of Wednesday's midday movers:
Adobe Systems is among the companies in the news after the bell Tuesday.
Some of Thursday's midday movers:
If the Supreme Court rules in favor of Halliburton and against shareholders, then other businesses will gain, as well.
If the court rules in favor of Halliburton and against a group of shareholders, then the oilfield services company won't be the only business to gain.
US stocks mostly fell on Tuesday morning after closing at record highs.
Achillion's been a takeover target for years. But Merck's acquisition of Idenix may mean Achillion's time has come.
June 10- Achillion Pharmaceuticals Inc said the U.S. Food and Drug Administration allowed it to resume the development of one of its hepatitis C drugs, lifting a clinical hold that was imposed nearly a year ago.
U.S. stock index futures pointed to a lower start to Wall Street trade on Tuesday, despite more upbeat news out of China.
June 10- Achillion Pharmaceuticals Inc said the U.S. Food and Drug Administration allowed it to resume the development of one of its hepatitis C drugs, lifting a clinical hold that was imposed nearly a year ago. Achillion submitted additional data on the drug in September, but the FDA maintained the hold.
Asia stocks ended mostly higher on Tuesday following a pick up in Chinese consumer inflation, but Japanese shares fell on profit-taking.
*Apple attracts heavy trading following stock split. *International Game Technology shares fly after Reuters report. NEW YORK, June 9- The Dow and S&P 500 ended at record highs again on Monday as more deal news raised enthusiasm for stocks, though Wall Street's fear gauge advanced.
U.S. stocks tallied slight gains on Monday, with benchmark indexes again closing at records.
Baupost Group appears to have made a nearly $1 billion off of Merck's deal to buy Idenix.
*Apple sees heavy trading following stock split. NEW YORK, June 9- U.S. stocks were nearly flat on Monday after the Dow and S&P 500 hit intraday record highs again on more deal news, while Wall Street's fear gauge rebounded.
Analysts say there's more to Merck's interest in Idenix than its drug portfolio: intellectual property. And that's why Gilead's shares are lower.
*Apple sees heavy trading following stock split. NEW YORK, June 9- U.S. stocks edged higher on Monday, pushing the Dow and S&P 500 to intraday record highs again after a series of deals, though Wall Street's fear gauge also bounced back. Merck& Co said it has agreed to buy Idenix Pharmaceuticals Inc in a deal valued at about $3.85 billion.
CNBC's Meg Tirrell reports Merck is buying Idenix Pharmaceuticals for $3.85 billion. CNBC contributor Herb Greenberg provides insight on the important deal.
Some of Monday's midday movers: