MARKET PULSE-Merck, Amicus, Gogo, Novavax, Cirrus Logic, 3D Systems
Wall Street was set for a higher open on Tuesday following a batch of earnings that were better than expected. Dow Jones industrial average futures were up 0.29 percent at 16,444, S&P 500 futures were up 0.27 percent at 1,871 and Nasdaq 100 futures were up 0.20 percent at 3,548.
** MERCK & CO, Monday close $56.68, +1.06 pct premarket
Britain's Reckitt Benckiser Group Plc confirmed on Monday it was in talks to buy the U.S. drugmaker's consumer health business, the latest asset up for grabs in a wave of recent pharmaceutical deals.
Merck on Tuesday reported better-than-expected quarterly earnings, helped by sharply lower research spending and asset sales, but revenue came in slightly below expectations.
** BRISTOL-MYERS SQUIBB CO, Monday close $50.36, -0.42 pct premarket
The U.S. drugmaker reported higher-than-expected quarterly earnings, helped by cost cuts, but sales fell short of Wall Street expectations. Continued...