People are nuts over just about anything these days. It's bad news for what has become a bedraggled market.
Expect to see more mergers and acquisitions activity focused on cancer drugs.
Hasbro is upgraded to 'buy,' and Broadcom is downgraded to 'sector perform.'
NVO, ISIS and DECN look to profit from new developments.
Look to areas like biotech and financials for growth right now.
Groupon is downgraded to 'equal weight,' while Isis Pharmaceuticals is upgraded to 'outperform.'
Clearwire is downgraded to 'neutral,' and Halliburton is initiated with an 'outperform.'
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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.
In a tax case, a US judge ruled that the agency's published guidelines don't hold up in court.
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