U.S. stocks slid on Monday as technology shares fell in the run up to earnings from tech companies, which will test the impact of trade tensions on global growth, and ahead of the Federal Reserve’s policy-setting meeting.
Exact Sciences Corp said on Monday it will buy peer Genomic Health Inc for about $2.8 billion in cash and stock, expanding the cancer diagnostic company’s testing capabilities to breast and prostate cancers.
Oil prices rose on Monday as the prospect of an expected interest rate cut by the U.S. Federal Reserve overshadowed pessimism over U.S.-China trade talks and oil demand fears stoked by forecasts for slower global economic growth.
Drugmaker Pfizer Inc has agreed to spin off its generic drugs business and combine it with Mylan , a move that leaves Pfizer with more profitable innovative drugs, including cancer drug Ibrance and pneumonia vaccine Prevnar.
Wall Street’s main indexes opened below their record highs on Monday, in a muted start to a week likely to be dominated by the Federal Reserve’s policy stance and a round of tech company earnings that will again test the impact of trade concerns on global growth.
U.S. stocks were set to open just off record highs on Monday, pausing at the start of a week likely to be dominated by Wednesday’s statement by the Federal Reserve and a round of tech company earnings that will again test the impact of trade concerns on global growth.
Amazon.com Inc is planning a foray into the burgeoning online food delivery business in India this year, two sources aware of the development said, in a move that could raise competition in an increasingly crowded market.
U.S. stock markets were set to open just off record highs on Monday, pausing at the start of a week set to be dominated by Wednesday’s statement by the Federal Reserve and a round of tech company earnings that will again test the impact of trade concerns on global growth.
Global shares steadied on Monday and the dollar hit a two-month high against a basket of currencies as markets counted down to a likely cut in U.S. interest rates this week, with much riding on whether the Federal Reserve signals more cuts will follow.
Cancer diagnostics company Exact Sciences Corp said on Monday it will buy healthcare company Genomic Health Inc for about $2.8 billion to bolster its cancer testing business.
Oil prices weakened on Monday amid pessimism over U.S.-China trade talks and the prospect of slower economic growth globally that could reduce demand for crude.
Pfizer Inc on Monday reported a 30% rise in quarterly profit, helped by demand for its branded treatments such as Ibrance, Eliquis and Xeljanz.
Mylan NV confirmed on Monday that it would combine with Pfizer Inc’s off-patent branded and generic established medicines business to form a global generic drugmaker.
The European Union’s top court on Monday rejected an appeal by German carmaker BMW against a European Commission decision to limit the state aid it could receive for a car plant in eastern Germany.
Singapore Airlines Ltd’s budget offshoot Scoot said on Monday it would convert six Airbus SE A320neo orders to the larger A321neo model and lease another 10 A321neos to help meet the airline’s growth goals.
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