Pfizer and 2 DJIA Stocks Catching the Rally
The Dow is up by 0.82 percent Tuesday, and currently stands at 13,321. Here’s some news you should know:
JPMorgan Chase & Co. (NYSE:JPM) dislikes a proposal by the Fed that would restrict a bank’s involvement with any one lender, corporation or foreign government. Bloomberg reports that JPM’s opinion on the matter is that the move ‘fails to strike the correct balance and may harm financial markets’.
Pfizer Inc. (NYSE:PFE) posts earnings per share of 58 cents, which exceeds consensus of 56 cents. Also issued by Phizer is the comment that, “The parties to Brigham Young University and Dr. Daniel Simmons v. Pfizer Inc. et al., a matter in the United States Court for the District of Utah, Central Division, announce that they have reached an amicable settlement on confidential terms. As part of the resolution, BYU will establish the Dan Simmons Chair in recognition of Dr. Simmons’ lifelong work and contributions towards advancing human health in a number of important areas including oncology, pain and Alzheimer’s. We are pleased to resolve this matter and the uncertainty of litigation and to be in a position to support Dr. Simmons’ research efforts at BYU.”.
Verizon Communications Inc. (NYSE:VZ) says that regulatory approval of Verizon Wireless’ (NYSE:VZ) (NASDAQ:VOD) proposed $3.6 billion to purchase a group of cable operators might require it to divest a portion of its spectrum, according to a New York Post report.
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