Stock Markets News

Bristol-Myers Squibb Co. agreed to acquire Celgene Corp. in a deal valued at about $74 billion, bringing two of the top-selling cancer drugs under one roof

The companies said their pipeline includes six expected near-term product launches representing more than $15 billion in revenue potential.

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Investors sold Italian bonds and the euro on Friday, with Italy’s bond yield hitting four-year highs as the European Union called its draft budget an “unprecedented” breach of EU fiscal rules.

StockMarketNews.Today – Late on Thursday, the European Commission told Rome in a letter that planned government spending was too high and that its structural deficit would rise instead of fall, and that the country’s public debt would not fall in line with EU rules.

Apple slices into Spotify’s lead in US music market. Iphone maker expected to have more US subscribers by end of the year

StockMarketNews.Today – Spotify’s lead over Apple’s music-streaming service in the US is narrowing, denting the air of invincibility around the recently floated pioneer.
While Spotify still holds a commanding lead globally, Apple’s faster growth rate in the world’s largest music market reflects its ability to push its services to owners of its devices, such as the iPhone.