Stocks are lower after the proposed terms of a bailout for Cyprus re-ignite fears about the financial situation in that nation and the other members of the EU.
A pharmaceutical takeover rumor is in the air.
Ford is downgraded to 'hold,' and Novartis is upgraded to 'buy.'
The $510 million acquisition of YM BioSciences is a low-risk deal for the big biotech, and has Incyte shareholders worried.
The pharma wins US approval for a new rheumatoid arthritis pill, but Abbott's existing treatment isn't likely to suffer a meaningful hit to sales anytime soon.
Some of the hot categories of the year to date include health care and emerging-market debt.
Progress in treating myelofibrosis and rheumatoid arthritis is boosting the outlook - and takeover prospects - for this biotech.
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