Bid for mylan. The price tag 40 billion, the largest potential takeover in the drug industry this year. The shares of mylan soared 8 and the shares for teva were higher. This could change the landscape of the industry but there is no guarantee anything about it will be easy. Megan tirrell has more. Another day and another deal in the drug industry. Nevas offer for rival mylan comes on the heels of mylans offer to buy periggo, a move some expected to be defensive. It contributed to deal activity among drug companies. You have to be big or you will get acquired. But mylan is not expected to go easily. Y rejected the idea of a merger with teva saying it will be a cultural clash and could raise antitrust concerned and teva dismissed that today and said they could close the deal by the end of the year. The Israeli Company said they could create a transformative generic drug company with revenue of 30 billion and there could be 2 billion in cost cuts it anticipated. Teva makes the multiple s
Bid for mylan. The price tag 40 billion, the largest potential takeover in the drug industry this year. The shares of mylan soared 8 and the shares for teva were higher. This could change the landscape of the industry but there is no guarantee anything about it will be easy. Megan tirrell has more. Another day and another deal in the drug industry. Nevas offer for rival mylan comes on the heels of mylans offer to buy periggo, a move some expected to be defensive. It contributed to deal activity among drug companies. You have to be big or you will get acquired. But mylan is not expected to go easily. Y rejected the idea of a merger with teva saying it will be a cultural clash and could raise antitrust concerned and teva dismissed that today and said they could close the deal by the end of the year. The Israeli Company said they could create a transformative generic drug company with revenue of 30 billion and there could be 2 billion in cost cuts it anticipated. Teva makes the multiple s
Tuesday, april 29th. Good evening, everyone, and welcome with just one more trading day left in the month wall street looks to be wrapping up a very volatile april with a big push to the upside. And it got help from another round of better than expected corporate earnings. Upbeat quarterlies before the bell from companies as diverse from the drug make merck, and sprint all helped the major averages climb today, with the dow and s p within striking distance of alltime highs, today on wall street, dow up 86 points, nasdaq higher by 29 and the s p added nearly nine. But earnings late today from ebay and twitter could set a negative tone tomorrow when the opening bell sounds, first, ebay posted better than expected quarterly profits but it issued a disappointing outlook and shares fell as much as 4 in afterhours trading. As for twitter, profits beat estimates. But when you take out onetime charges but they were not big, less than a penny a share, quarterly revenue beat analysts estimates.
Tuesday, april 29th. Good evening, everyone, and welcome with just one more trading day left in the month wall street looks to be wrapping up a very volatile april with a big push to the upside. And it got help from another round of better than expected corporate earnings. Upbeat quarterlies before the bell from companies as diverse from the drug make merck, and sprint all helped the major averages climb today, with the dow and s p within striking distance of alltime highs, today on wall street, dow up 86 points, nasdaq higher by 29 and the s p added nearly nine. But earnings late today from ebay and twitter could set a negative tone tomorrow when the opening bell sounds, first, ebay posted better than expected quarterly profits but it issued a disappointing outlook and shares fell as much as 4 in afterhours trading. As for twitter, profits beat estimates. But when you take out onetime charges but they were not big, less than a penny a share, quarterly revenue beat analysts estimates.
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