Legal News

Big Pharma Buy Incites U.S. Stocks to Rise
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

U.S. stocks rose, with the Standard & Poor’s 500 Index poised for a sixth day of gains. Bloomberg has reported that the S&P 500 advanced 3.7 percent in the past six days and is now 0.4 percent below its record high reached April 2. The index has added 1.9 percent in 2014. The Dow average is at its highest level since April 3 and within 20 points of its all-time closing high set December 31.

According to Bloomberg News, Allergan surged 16 percent after Valeant Pharmaceuticals International Inc. offered to merge with the maker of the Botox wrinkle treatment. Allergan jumped 16 percent to $164.15 after Valeant proposed to buy the company for around $152.89 a share. Valeant gained 4%. Valeant is in the second week of an advance off an April 8 low.

According to Yahoo News, Netflix soared 6.9 percent after saying it expects to increase prices for new its customers. Harley-Davidson Inc. added 7.9 percent after its earnings release. Existing home sales eased a notch, according to the National Association of Realtors, moving at an annualized pace of 4.59 million in March.


Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc, shared in a phone interview; “Sentiment had gotten too negative, and some decent earnings reports have started helping the market.” He said according to Bloomberg News, “That combined with the positive deal talk and chatter in health care, gives a better tone to the market overall and certainly some support.”

A Chief investment officer at Habib Bank AG, David Wartenweiler, said by telephone from Zurich, “With earnings, companies have been downgrading expectations heading into the season, so it looks like we’ll surprise more to the upside.” According to Dallas News, Wartenweiler said that, “On M&A, CEOs are doing what they should be doing. They’re looking at their portfolios and trying to benefit from opportunities. That should be a tailwind for markets.”

Click here to check all available Pharmacist jobs.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

Image Credit:



Remote Business Immigration Paralegal


Dinnen Law is looking for an experienced business immigration paralegal to work remotely on a full-t...

Apply now

Immigration Attorney


Borton Petrini, LLP, seeks hardworking and personable immigration attorney with a minimum of five ye...

Apply now

Litigation Attorney


Borton Petrini, LLP, a dynamic statewide A-V rated law firm, has an immediate opening in their Baker...

Apply now

Legal Assistant with J.D. or Writing Degree


Salary $18 - $25 an hour Job Type Full-time Number of hires for this role 2 Qualif...

Apply now




Search Now

BCG Attorney Search In-House Counsel

USA-CA-Los Angeles

BCG Attorney Search In-House Counsel We are a Legal Employment Company located in California with o...

Apply Now

FDA Regulatory Attorney


Boston office of a BCG Attorney Search Top Ranked Law Firm seeks FDA regulatory attorney with 3-4 ye...

Apply Now

Foreclosure/Bankruptcy Associate Attorney


Temecula office of our client seeks associate attorney with preferably 2 years of experience working...

Apply Now


To Top