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Midday Movers: Intel's Israel Deal, Bristol-Myers Squibb Buys RayzeBio

Key TakeawaysU.S. equities continued their pre-Christmas rally in the last week of 2023, with the Dow, S&P 500, and Nasdaq all up.Intel received a 3.2billionincentivedealfromtheIsraeligovernment,andsharesofthechipmakerrose.BristolMyersSquibbwillpay3.2 billion incentive deal from the Israeli government, and shares of the chipmaker rose.Bristol-Myers Squibb will pay 4.1 billion to buy RayzeBio as the drug maker moves to expand its cancer portfolio.Christmas may be over, but the so-called “Santa Claus rally” continued for U.S. equities at midday in the shortened final trading week of 2023. The Dow, S&P 500, ...