🚀 The Mega-Merger That Wasn't
Early August saw the Financial Times report that AstraZeneca and Bristol Myers Squibb (BMS) were in "early-stage talks" about a potential $400 billion merger. The market reaction was immediate: AstraZeneca shares dropped nearly 9% in London, while BMS shares rose in the US. However, within days, a senior source told Reuters there were "no discussions" ongoing and "there never was a deal to be done," effectively squashing the rumor and sending AstraZeneca shares back up.
💊 GLP-1 & Obesity Advances
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