Biotech stocks jump on AbbVie deal to buy cancer drugmaker ImmunoGen

Test tubes are seen in front of a displayed AbbVie logo in this illustration taken on May 21, 2021.Dado Ruvic | ReutersBiotech stocks rose Thursday as AbbVie announced plans to buy cancer drug developer ImmunoGen for $10.1 billion. Shares of ImmunoGen jumped more than 80% Thursday, putting it on track...

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Billionaires to transfer $5 trillion to their children

In recent months, the world's new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionaire Ambitions Report.It marked the first time in the nine-year history of the report that newly minted billionaires accumulated more wealth from inheritance than starting a business.Fifty-three heirs...

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CRM, SNOW, DFS, VSCO & more

Check out the companies making headlines in midday trading. Salesforce — Shares of the cloud software vendor popped more than 7%, lifting the 30-stock Dow Jones Industrial Average after the company reported fiscal third-quarter earnings that topped analysts' estimates. Revenue also increased 11% from $7.84 billion a year ago....

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Nelson Peltz seeks seats on Disney board

Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, US, on Thursday, March 30, 2023.Marco Bello | Bloomberg | Getty ImagesActivist investor Nelson Peltz and his firm are seeking more than two seats on Disney's...

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Nashville real estate boom sends prices up, builders scrambling

Detached houses on a large housing development on the western side of Nashville, Tennessee.Georgeclerk | Istock | Getty ImagesNashville natives say they barely recognize the city's skyline anymore. And they probably won't anytime soon, as cranes still litter the picture.The Nashville building boom is in full effect, despite higher...

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