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The yen rallied sharply on Monday amid speculation that authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week.
Sonja Marten, Chief Economist at DZ Bank, discusses the global market reaction to the US and Japan taking action on the yen. (Source: Bloomberg)
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On this episode of Stock Movers:
- Bristol-Myers Squibb (SQB) shares are surging on news AstraZeneca (AZN), whose shares are lower, is exploring an acquisition of Bristol-Myers Squibb.
- Tyson (TSN) shares are dropping after the protein producer reported a 3Q sales shortfall, driven by a 16% reduction in beef sales volume, and cut its total company and beef profit forecasts for the full year.
- SpaceX (SPCX) shares are moving as investors in the company prepare for its first earnings report as
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Bloomberg Markets
Oil fell after US President Donald Trump said he called off a planned attack on Iran and that new talks with the Islamic Republic would begin on Monday.
Bloomberg Markets
AstraZeneca shares plunged Monday on news that the drugmaker was exploring an acquisition of Bristol Meyers Squibb. A deal would create one of the world's biggest drugmakers. Sam Fazeli of Bloomberg Intelligence says a takeover would make no sense. (Source: Bloomberg)
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