BUZZ-U.S. STOCKS ON THE MOVE-Akorn, Celladon, Mylan
(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) Wall Street opened higher on Monday after the Nasdaq and S&P 500 chalked up record high closes on Friday and ahead of Apple Inc's results after markets close. The Dow Jones industrial average was up 0.19 percent at 18,114.67, the S&P 500 was up 0.14 percent at 2,120.71 and the Nasdaq Composite was up 13.29 points, or 0.26 percent, to 5,105.37
** MYLAN NV, $72.69, -4.43 pct
** TEVA PHARMACEUTICAL INDUSTRIES LTD, $63.16, -1.94 pct
Mylan rejected Teva Pharmaceutical's unsolicited $40 billion takeover offer, saying it "grossly undervalues" the company.
** PERRIGO COMPANY PLC, $195.03, +1.11 pct
B.Riley downgraded the Dublin-based drug company, which Mylan is trying to buy, to "neutral" from "buy".