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  • FOMC Minutes Boost Market - 22 may 2014
  • Stocks on Wall Street rebounded Wednesday, partly in response to minutes from the Federal Open Market Committee's meeting held on April 29-30 which were released in the afternoon. The Dow Jones industrial average climbed 158.75 points to close at 16,533.06, while the Standard & Poor's 500 rose 15.20 points to 1,888.03 and the Nasdaq composite index gained 34.65 points to 4,131.54. The Russell 2000 index for small-company stocks also picked up by 5.73 points to close at 1,103.63. All ten of the S&P 500's industry sectors rose, with consumer discretionary and energy stocks in the lead. While not to the extent experienced in 2008, the market has been seesawing day-to-day for up to 60 percent of the time since the beginning of the year.

  • Pharmaceutical Sector Shake-up - 8 may 2014
  • In an effort to boost share prices and profits, thereby keeping shareholders satisfied, major pharmaceutical companies are currently negotiating mergers, acquisitions and hostile takeovers which will essentially narrow their focus, allowing them to specialize in various fields. This latest trend of divesting assets is quite a turnaround from a few years ago when drug companies were diversifying through acquisitions to avoid an 'eggs-in-one-basket' scenario. Analysts note that deals currently underway are focusing on cutting costs and boosting sales to produce results investors have come to expect based on performance over the last two decades or so. However, the bullish activity in the pharmaceutical sector has been driven, in large part, by marketing of new products. With patents expiring and generic medicines flooding the market, many drugmakers have seen their revenue level out, or dip in recent months and will be hard-pushed to match past performances.


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