Although Abbott has recently gained on positive trial results, Gilead Sciences remains in the forefront of the market.
Both companies want to develop a replacement to the standard year-long injection treatment.
The company's Abraxane delays tumor growth in patients with advanced melanoma.
The drug company is a defensive, income generator with added potential for capital gains.
Bristol-Myers Squibb is upgraded to 'conviction buy' at Goldman, and Yelp is initiated with a 'neutral' at Piper Jaffray.
Despite the current gloom, the market is in a heck of a better place than it was 12 months ago.
The US approval of Stribild is a big plus for the company's AIDS treatment franchise.
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'We're not exactly in a uniformly strong market,' says the notably pessimistic newsletter publisher.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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