BUZZ-U.S. STOCKS ON THE MOVE-Enzo Biochem, US Auto Parts, Inovio Pharma

Mon Mar 16, 2015 2:25pm EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)) U.S. stocks rose on Monday, with utilities leading a rebound on the S&P after three weeks of losses, as a decline in the U.S. dollar against the euro eased some worries over how a robust greenback might erode the earnings of multinationals. The Dow Jones industrial average was up 1.16 percent at 17,954.83, the S&P 500 was up 1.15 percent at 2,077.01 and the Nasdaq Composite was up 1.02 percent at 4,921.68.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $202.01, +2.32 pct

** SALIX PHARMACEUTICALS INC, $172.79, +2.00 pct

** ENDO INTERNATIONAL PLC, $89.32, +2.28 pct

Valeant Pharmaceuticals increased its takeover offer for Salix to $10.96 billion in cash, bumping out Endo, the only other bidder for the maker of gastrointestinal drugs.

Breakingviews-Valeant's $11 bln bid may have scored two knockouts

** PROCTER & GAMBLE CO, $83.32, +1.82 pct   Continued...