This chapter discusses the news of Bristol Myers Squibb acquiring Karuna Therapeutics for $14 billion, highlighting the race among drug makers to expand their portfolio. It explores the implications of the deal, the competitive process involved, and potential areas of interest for drug makers. The chapter also discusses the prospects of M&A activity in the biotech sector and the broader market going forward.
Laura Chico, Biotechnology Research Analyst at Wedbush Securities and Bloomberg News US Deals Team Leader Matthew Monks share their thoughts on the Bristol Myers acquisition Karuna Therapeutics. John Mowrey, CIO at NFJ Investment Group, explains where to find value in the markets. Priceline CEO Brett Keller talks about why 2023 is on pace to be a busy holiday travel season. Anna Kooi, National Financial Services Industry Leader at Wipfli, has a look at the year in crypto and her outlook for 2024. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Tech Features Writer Ellen Huet provide the details of the Businessweek Magazine story Silicon Valley’s Quest to Live Forever Has Many Warring Factions. And we Drive to the Close with Adam Sarhan, CEO at 50 Park Investments.
Hosts: Jess Menton and Mike Regan. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.