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Pharma’s $1 Trillion ‘Firepower’ Hangs Over Biotech Stocks in Limbo

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A flurry of deals at the start of the year sparked optimism for a biotech stock resurgence but a swing in sentiment at the direction of interest rates has left the sector hanging on tenterhooks.

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Stock market today: Wall Street hangs around its records after Dow briefly tops 40,000NEW YORK (AP) — U.S. stocks drifted to a mixed close near their record levels after the Dow Jones Industrial Average briefly topped the 40,000 level for the first time. The Dow ended with a loss of 0.1% Thursday.
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