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Oil prices pop after the Hamas attack on Israel. Activist investor

Nelson Peltz is planning a push for seats on Disney's board and Bristol-Myers Squibb

is set to acquire Marotti therapeutics.

Crude oil and gold futures are higher in response to the Hamas attack on Israel.

At least 700 Israelis have died so far, more than 1,100 on both sides of the conflict,

and dozens of Israeli citizens and soldiers have been abducted.

As a 5 a.m. W. T.I. November crude oil is up 3.5% to more than $85 per barrel, and December

Brent crude is up nearly 3% at $87 a barrel, while December Comex Gold is up 1%.

Analysts generally expect a knee jerk surge in crude prices, but limited gains thereafter thereafter provided the conflict does not

expand into a regional war which is far from certain. If Iranian involvement in the

attack is affirmed the US could increase enforcement of sanctions on Iran's crude exports.

Saudi Arabia is not expected to slow oil production in solidarity with the Palestinians,

but the war would derail normalization talks in Canada. with the were to strike any Iranian infrastructure crude oil prices would spike immediately on the perceived risk of a disruption.

Analysts also say the conflict could cause buying and perceived safe haven assets like gold and the dollar and

potentially boost demand for US treasuries.

Bristol-Myersquibb has agreed to purchase cancer drug maker Marotti therapeutics for about 4.8 billion dollars.

According to a statement on Sunday, the agreement is for $58 per share in cash for a total equity of 4.8 billion dollars.

Marotti holders will also receive one non-tradable contingent value right

for each Marotti share held, potentially worth $12 per share in cash, representing an additional $1 billion of value.

The takeover comes after Marotti shares surged 45% on Thursday amid a Bloomberg report that suggested the company

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