[video] European Drugmakers AstraZeneca, Bayer Strike Deals; Stocks Rally on Fed Decision
Written by: Jonathan Marino
Tickers in this article: AZN BAYA BMY LN US
NEW YORK (TheStreet) -- The U.K.'s AstraZeneca and Germany's Bayer spend up to a combined $7.2 billion shoring up their portfolios. Laura Board reports from London.
Globally markets are still reacting to the Federal Reserve's tapering decision and for more on that we now go to Laura Board with deals London newsroom, bringing us the latest on indices as well as individual stocks. Laura?
Thanks John. Yes, markets here in Europe looking really good, people feeling well reassured about those Federal Reserve words about what will happen to rates when the unemployment rate in the US dips below 5.5 percent. Two interesting drug deals today. AstraZeneca
Over in Sweden a bit of excitement hit some European aerospace. Saab has received a 4.5 billion order for fighter jets from Brazil. A little geo-political twists on the NSA spying scandal, the talk is that Brazil is packed with the US and therefore has chosen Saab instead of Boeing for this big order over 10-year periods. Saab shares right now up about 25 percent on the news. Back to you John.
Thank you Laura. That was Laura Board in The Deal's London studios.
Written by Jon Marino in New York.