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Wall Street Breakfast

Wall Street Breakfast December 12: Amgen to Acquire Horizon Therapeutics, $27.8B

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 12 December 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Amgen (AMGN) to acquire Horizon Therapeutics (HZNP) for $27.8B in cash. A recession isn't necessary to bring inflation down - Yellen. Microsoft (MSFT) to acquire 4% stake in London Stock Exchange.

Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

0:06.8

Subscribe to this podcast on Apple Podcast, Spotify or Stitcher.

0:11.1

Good morning. Today is Monday, December 12th and I'm your host Julie Morgan.

0:15.6

Our top stories.

0:17.0

Amgen is in talks to purchase a rise in therapeutics.

0:20.6

Janet Yellen says a recession is not necessary.

0:24.0

Microsoft signs a deal with the London Stock Exchange.

0:28.0

Rivian is walking away from Mercedes.

0:30.0

Additions and deletions for the NASDAQ 100, a reduced head count at Tech Target.

0:36.2

FTX loaned money to the block.

0:38.5

Albertson still can't pay that dividend and you have one guess as to the biggest item on the catalyst, watch for the week.

0:46.8

Wall Street stumbled through an uncertain session on Friday as investors continued to look

0:51.6

ahead to this week's Federal Reserve meeting.

0:54.1

The NASDAQ closed down 0.7%. The S&P 500 ended also down 0.7% and the Dow

1:02.1

finished down 0.7% and the Dow finish down 0.9%.

1:05.0

10 of the 11 S&P sectors post-it losses.

1:08.0

This was led by the 2.3% slide in energy.

1:11.6

Health care fell more than 1% as well. Communication services

1:15.6

ended just above the flat line. In the earnings spotlight today, Oracle and

1:22.1

Cooper Software.

1:24.0

Now let's get a look at the catalyst watch for this week.

1:27.5

Kim Kahn joins us, he's the managing editor for Seeking Alpha.

...

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