Some stocks in the sector have seen massive gains this year, causing shorts to back off.
All eyes remain on the Fed's symposium as traders hope for more stimulus. US home prices rise. Consumer confidence declines. Japan cuts its economic forecast, while Spain's recession deepens. Apple seeks to ban 8 Samsung phones.
The FDA is concerned about heart problems following issues related to rival Bristol-Myers' similar treatment for hepatitis C.
| Tags: | biotechnologyBMYGILDIDIX |
UBS initiates Dell with a 'neutral' and Hewlett-Packard with a 'sell.'
One of world's largest and profitable biotechs gains on its HIV and hepatitis drugs.
| Tags: | AMGNGene MarcialGILD |
Investors hope the company has a next-generation treatment for the virus. The new data will fuel more takeover talk.
A panel of government advisers agreed that the drug Truvada should be sold to help protect people at high risk of being infected.
A surge of buyout activity could produce more frenzied deals.
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