European Stocks Close Mostly Higher in Monday Trading; AstraZeneca Reportedly in Merger Talks With Bristol Myers
• European stock markets closed mostly higher on Monday, with the Stoxx Europe gaining 0.4%, Germany's DAX climbing 1.6%, and France's CAC advancing 1.4%. • Market activity was highlighted by reports that pharmaceutical giant AstraZeneca is currently in merger talks with Bristol Myers Squibb. • The positive momentum reflects broader optimism in the sector, while the S&P 500 is simultaneously approaching 40% earnings growth, driven largely by Alphabet.
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