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Bristol-Myers Jumps on Billion-Dollar Buzz

Bristol-Myers Squibb Co (NYSE:BMY) stock is on the rise today, up 2.8% at 52.71atlastglance,afternewsthatthebiopharmaceuticalcompanyisacquiringKaruna(KRTX)for52.71 at last glance, after news that the biopharmaceutical company is acquiring Karuna (KRTX) for 14 billion. The deal, which will strengthen Bristol-Myers' neuroscience portfolio, is expected to close in the first half of 2024. KRTX is soaring after the news, up about 47%. Since the start of the year, BMY is down around 26%, recently hitting a Nov. 30 two-year low of $48.25, its lowest point since the start of Covid. The stock has ...