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AstraZeneca shares plunge over talks with US cancer drug firm on $400bn merger

The Guardian Business · Published 2h ago · Impact 79%
GlobeVerge has tracked this story since 10h ago.
AstraZeneca shares plunge over talks with US cancer drug firm on $400bn merger

Bristol Myers Squibb tie-up would create world’s fourth largest drugmaker but analysts question rationale for deal More than £15bn was wiped off the value of Britain’s biggest drugmaker, AstraZeneca, on Monday after a report that it was in discussions to take over its US rival Bristol Myers Squibb i

Steady / neutral66%
PositivePossible support for stability, investment or market confidence
RiskInflation, volatility, borrowing costs or weaker growth
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