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Company News for Dec 14, 2021

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  • Arena Pharmaceuticals Inc.’s shares soared 80.4% following its agreement to be acquired by Pfizer Inc. (PFE - Free Report) for a consideration of $6.7 billion.   
  • Eli Lilly and Co.’s (LLY - Free Report) shares gained 1.8% after entering a strategic partnership with Foghorn Therapeutics Inc. (FHTX - Free Report) using its gene traffic control platform to develop oncology drugs.
  • Shares of Tempur Sealy International Inc. (TPX - Free Report) surged  2% after increasing its share buyback authorization to $1.5 billion.
  • Shares of Navient Corp. (NAVI - Free Report) rose 1.1% after the company authorized a new $1 billion share buy-back program.

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