The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
He expects that the deal for the cancer drugmaker will close in the third quarter.
"When the two companies come together, we'll have two growing businesses," Caforio said in an interview with "Mad Money's" Jim Cramer. "We're going to be able to launch six new medicines, potentially, in the next two years. It's going to be a great company, [will] create value for shareholders, [and will be] very good for patients."
Celgene brings to Bristol-Myers five late-stage products that could be approved in the near term, Caforio said. Four of the developing medicines could treat blood disorders, a branch that Celgene has expertise in, and could be "transformational," he said.
Celgene is also a leader, he added, in treatments for multiple myeloma, a cancer that attacks the plasma cells that create antibodies to fight infections.
"That's really the value of the deal is the pipeline. We talk about five pipeline assets, potential launches in the next two years. In fact, three of those medicines have been filed with the FDA since the beginning of the year. So we're making great progress already, which is validating our thesis. "
Shares of Bristol-Myers and Celgene both climbed Friday morning after the vote, though both ended the session in the red. Bristol-Myers closed down more than 1.1%. Celgene dipped 0.1%.
"I'm focused and we're focused on creating value for the long term and we're getting to work on the integration," Caforio said. "As we start working together, we have an opportunity to launch new medicines right away. I believe the value of the new company will be demonstrated rapidly."