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Why Valeant's New CEO Could Be An Allergan Exec
Monday, March 21, 2016 - 3:41pm | 601Valeant Pharmaceuticals Intl Inc (NYSE: VRX) is trending amid the company's report it plans to move on from current CEO Mike Pearson. On Monday afternoon, analysts Shibani Malhotra and Austin Nelson at Nomura shared their short list of who would make sense to replace him. "In our view...
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Allergan Gains 1.50% Following Q4 Beat, Company Updates On M&A Activity
Monday, February 22, 2016 - 9:51am | 327Shares of Allergan plc Ordinary Shares (NYSE: AGN) were trading higher by more than 1.50 percent on Monday after the company reported its fourth quarter results. Allergan said that it earned $3.41 per share in the fourth quarter on revenue of $4.2 billion. Wall Street analysts were expecting the...
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Credit Suisse Offers 2016 U.S. Large-Cap Pharma Outlook
Saturday, December 19, 2015 - 6:08pm | 504Vamil Divan of Credit Suisse offered his 2016 outlook for large-cap U.S. pharmaceuticals. Divan noted that sector-wide challenges seen in 2015 will remain and limit the sector's ability to outperform in 2016. The analyst named Eli Lilly and Co (NYSE: LLY), Pfizer Inc. (NYSE: PFE) and...
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9 Healthcare Picks For 2016
Thursday, December 10, 2015 - 3:26pm | 1538The holiday season tends to make December feel like it's gone by in an instant, so many traders are already starting to gear up for the New Year. Since the Federal Reserve's upcoming policy meeting has the potential to upset markets in the coming week, many have already begun to craft their wish-...
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Clinton, Sanders And Trump Not Big Fans Of The Pfizer-Allergan Deal
Monday, November 23, 2015 - 4:36pm | 436Following months of takeover talks, Pfizer Inc. (NYSE: PFE) announced on Monday it has acquired Allergan PLC (NYSE: AGN) for around $155 billion. The combination of Pfizer and Allergan marks the largest consolidation in the healthcare space. Presidential candidates publicly opposed the...
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Pfizer, Allergan In 'Final Innings' Of Merger Talks
Thursday, November 19, 2015 - 10:41am | 385Shares of Allergan PLC (NYSE: AGN) and Pfizer Inc. (NYSE: PFE) were both trading lower by nearly 2 percent early Thursday morning. CNBC, citing sources, said the two companies are in the "final stages" of discussions to merge. CNBC added that it is expected to be an all-stock...
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Is Teva A Better Target For Mylan Than Perrigo? 2 Analysts Share Their Thoughts
Wednesday, April 8, 2015 - 4:00pm | 447Mylan NV (NASDAQ: MYL) said Wednesday it has offered to acquire rival Perrigo Company (NYSE: PRGO) for $28.9 billion or $205 a share Umer Raffat of Evercore ISI had a chance to chat with Mylan’s management recently. The Mylan-Perrigo accretion “looks something like 10-15%...
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Actavis' Growth 'Underappreciated,' Sterne Agee Says
Thursday, February 19, 2015 - 9:23am | 166In a report published Wednesday, Sterne Agee analyst Shibani Malhotra commented that Actavis plc's (NYSE: ACT) growth profile remains "underappreciated" and investors should buy shares following recent weakness related to a pending offering. Malhotra wrote that the company's Investor Day...
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Markets End Week On Positive Note As Investors Are Encouraged By Central Bank Developments In Europe, China
Friday, November 21, 2014 - 5:33pm | 945U.S. stocks ended the week higher as investors were encouraged by announcements in Europe and China. The European Central Bank outlined plans to expand its asset purchase programs by "altering the size, pace and composition of our purchases" if inflation shows signs that it could stay...
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#PreMarket Primer: Friday, November 21: Immigration Reform Could Have Lasting Impact In More Ways Than One
Friday, November 21, 2014 - 9:09am | 1223President Barack Obama announced his sweeping reforms of the U.S. immigration system on Thursday, much to the dismay of Republicans who believe the President should not act unilaterally. The reforms will protect nearly five million undocumented workers from deportation and give them an...
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U.S. Markets Recover From Early-Day Losses As Japan's Economy Contracts
Monday, November 17, 2014 - 5:46pm | 862U.S. markets opened in negative territory to start the week following news reports that Japan's economy unexpectedly contracted in the third quarter. U.S. stocks rebounded after the European Central Bank's President Mario Draghi stating that the central bank remains "unanimous in...
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All Quiet On The Market Front: Dow, S&P 500, Nasdaq Virtually Flat
Wednesday, November 12, 2014 - 5:38pm | 996U.S. stocks were little changed on Wednesday in another quiet trading session due to a lack of catalysts to move stocks. Economic data showed wholesale inventories rose more than expected in September. Looking forward to Thursday, retail giant Wal-Mart will report earnings before market open...
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Markets Mostly Lower As Americans Head To Vote, Oil Continues To Tumble
Tuesday, November 4, 2014 - 5:30pm | 864U.S. stocks mostly closed slightly lower a day after major indices hit record all-time highs. Americans are heading to the ballots today in a congressional election. The Republican party is expected to increase the number of seats it controls in the House and Senate. The CBOE Volatility Index...
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Markets Mixed As Oil Continues To Drop
Monday, November 3, 2014 - 5:37pm | 1023U.S. markets were mixed to start the week as the price of crude oil traded at levels it hasn't seen in more than two years following Saudi Arabia's announcement it will cut the selling price of oil to the U.S. and raise prices for other locations. Economic data released today showed...
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Markets Virtually Flat, Oil Continues To Decline Following Bearish Outlook
Monday, October 27, 2014 - 4:58pm | 1622U.S. markets were little changed to start the week as equities took a back seat following a bearish oil call at Goldman Sachs. Analysts at Goldman Sachs placed a $75-per-barrel target on crude oil, noting that supply will outpace demand in the coming year. The National Association of Realtors...