BUZZ-U.S. STOCKS ON THE MOVE-Medivation, Intersil, Syngenta, Valeant
(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. stock index futures were lower on Monday as oil prices fell the most in four weeks and dollar strengthened in anticipation of an interest rate increase this year. Dow Jones industrial average futures were down 0.28 percent at 18,489, S&P 500 futures were down 0.17 percent at 2,178 and Nasdaq 100 futures were down 0.16 percent at 4,799.5.
** MEDIVATION INC, Friday close $67.16, +20.15 pct premarket
** PFIZER INC, Friday close $34.98, -0.94 pct premarket
Pfizer said on Monday it would buy U.S. cancer drug company Medivation in a deal valued at about $14 billion, adding blockbuster prostate cancer drug Xtandi to its portfolio.
** INTERSIL CORP, Friday close $15.64, +24.04 pct premarket
Japan's Renesas Electronics Corp is in the final stages of negotiations to acquire U.S. chipmaker Intersil for as much as 300 billion yen ($2.99 billion), an industry source familiar with the deal said on Monday.
** SYNGENTA AG, Friday close $79.51, +10.68 pct premarket Continued...