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Movers roundup: Medivation, Weyerhaeuser

The Associated Press

Among the stock activity stories for Monday, June 17, from AP Business News:

— Shares of Medivation Inc. fell after health care giant Johnson & Johnson agreed to buy Aragon Pharmaceuticals, a company that is developing a prostate cancer drug that could compete with Medivation's Xtandi.

— Weyerhaeuser Co.'s stock rose as the lumber company named Doyle Simons as its new CEO and announced a deal to buy Longview Timber LLC. for $2.65 billion. It also said that it was exploring strategic options for its real estate company that could include a merger, a sale or spin-off of the business and announced a quarterly dividend increase.