MARKET UPDATE

[BRIEFING.COM] The S&P 500 (-0.5%) remains pressured as every uptick has been met with selling activity. This morning, the health care sector (-0.6%) was an early source of weakness in reaction to concerns about the impact of new rules on tax inversion deals.

Over the past 30 minutes, Bloomberg reported that Pfizer (PFE 30.01, -0.17) has approached Actavis (ACT 242.88, +7.02) about a potential acquisition. Actavis, which traded with a slim loss ahead of the reports, has ... More

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