Pharma M&A, Monday Morning Earnings, Jim Cramer's Facebook Target

It's a mega-merger Monday, with Medtronic shares up nearly 10% on the news the company will strike a big deal with an international target to ship its tax base to a cheaper locale. And Progressive is expected to report earnings before the bell this morning, after hitting or beating expectations for three quarters in a row. Finally, Jim Cramer is betting big on a social network: he's a big fan of Facebook's hiring of eBay Paypal pro David Marcus, and says the company's stock could be in for a big boost if it hits earnings in about a month. Monday, June 16, at the Nasdaq Marketsite. ¿