Market movers: Stocks seeing action on Wednesday - and why

) surged on Wednesday following the dismissal of thousands of U.S. lawsuits claiming that the heartburn drug Zantac caused cancer.

The Florida outcome represents a “nice early Christmas present for the defendants. Was this all just a storm in a tea-cup after all?,” Bernstein analysts wrote in a note. Originally marketed by a forerunner of GSK, the medicine has been sold by several companies at different times, including Pfizer, Boehringer Ingelheim and Sanofi as well as a plethora of generic drugmakers.

In the first few of hours of Wednesday trading, more of GSK’s London-listed stock changed hands than the average for a full day over the past five years, according to Refinitiv data.) was up following the late Tuesday announcement that it has reached a deal with Elliott Management, the activist investment firm that has offered up ideas on how to improve operations at the image sharing and social media service company.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin trades sideways near support at $17K as stocks get hammeredBitcoin bulls battle bears for control of the price action near $17,000 as the wider crypto market traded sideways and the traditional market fell under pressure.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Canadian oil stocks offer 'tremendous upside' for investors: BMOBMO Capital Markets\u0027 Randy Ollenberger talks about oil supply and demand. Watch here.
Source: fpinvesting - 🏆 43. / 63 Read more »

Premarket: World stocks sputter as growth fears offset China COVID shiftInvestors unnerved after Wall Street bankers warn a recession is likely coming
Source: globeandmail - 🏆 5. / 92 Read more »