Expecting biotech to really take off, next week...not long IMHO
The troubling point is now it's left up to a jury. GILD should accept Merck' s deal now. Jury could say GILD you get ZERO, with back payments, and penalties.
Shorts played the odds this would surely fail, and I thought it would fail as well. Looks like someone trying to influence question marks on the data, and sell some pre-market so they can cover. The data is pretty dang good. Hopefully the market will get it right, will buy some today.
Candidates, anyone venture what it could fetch?
MPC bought MPLX time. It could turn out to be a good move in a year. All refiners down today. I think this is a nit.