BUZZ-U.S. STOCKS ON THE MOVE-Baker Hughes, Cree, Valeant, Momo
(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) Healthcare and energy stocks drove gains on Wall Street on Wednesday ahead of the release of minutes from the U.S. Federal Reserve's meeting on interest rates in March. The Dow Jones industrial average was up 0.20 percent at 17,639.07, the S&P 500 was up 0.53 percent at 2,056 and the Nasdaq Composite was up 0.99 percent at 4,892.012.
** PFIZER INC, $32.84, +4.72 pct
** ALLERGAN PLC, $244.3, +3.28 pct
U.S. drugmaker Pfizer and Ireland-based Allergan Plc formally announced that they were scrapping their $160 billion merger, marking a big win for President Barack Obama who has been pushing to curb tax-slashing "inversion" deals.
** BAKER HUGHES INC, $42.51, +8.00 pct
** HALLIBURTON CO, $36.21, +5.26 pct
U.S. Justice Department filed lawsuit to stop merger of Baker Hughes and Halliburton, saying it would hurt competition in the sector. Halliburton said companies will "vigorously contest" the lawsuit. Continued...