Market Minute

Delve into the remarkable rebound in the stock market, with the S&P 500 and Nasdaq making significant gains following yesterday's sharp decline. We analyze the continued drop in bond yields and the unexpected dip in oil prices. Our discussion also covers the latest economic data, including the revised GDP growth figures for the third quarter. Plus, we look into Warner Brothers Discovery's potential merger talks with Paramount Global and the surprising bankruptcy announcement from electric scooter giant, Bird. Tune in for insightful analysis on these pivotal market movements.

Bond yields are on the decline, with significant drops in both ten-year and two-year yields. The oil market witnesses a surge, primarily due to the crisis in the Red Sea, affecting shipping routes and pushing crude oil prices up. In housing, a decrease in mortgage applications contrasts with the drop in mortgage rates and a marginal increase in existing home sales. Consumer confidence shows an upward trend, as indicated by the latest Consumer Confidence Survey. However, FedEx faces challenges with a drop in shares due to weakened demand and shifts in customer shipping preferences. This comprehensive update covers key movements in stocks, bonds, commodities, real estate, and consumer sentiment, providing a snapshot of the current economic landscape.

Diving into Tesla's strategic pay rise at its Nevada gigafactory, aimed at warding off potential labor issues. We also unravel the complexities behind Apple's urgent battle to keep its smartwatches on the shelves, as a looming ban threatens its $17 billion empire. Plus, we'll discuss the fallout from Nikola founder Trever Milton's sentencing and its impact on the electric vehicle sector. Join us as we analyze how these events are shaping the market, from surging stocks and bond yield shifts to the implications of rising oil prices and the unexpected leap in housing starts. Don't miss out on this comprehensive update that's essential for every market watcher!

In today's market update, the S&P 500 and Nasdaq continue their upward trajectory, while bond yields see a slight increase. BP's decision to halt oil transport through the Red Sea causes a significant jump in oil prices. In corporate news, Adobe steps back from its $20 billion merger with Figma, influenced by regulatory challenges. Meanwhile, the steel industry witnesses a major shift as Nippon Steel acquires US Steel, marking a strategic expansion. Chicago Fed President Goolsbee's comments on market optimism and the Federal Reserve's rate projections add an interesting dimension to the financial landscape.

Complex interplay of rising oil prices and the global push for renewable energy, coupled with a lower-than-expected Producer Price Index.

Today's market update brings a nuanced view as we await the Federal Reserve's critical announcement. We explore the minor shifts in the Dow Jones, S&P 500, and Nasdaq, along with a decrease in Treasury yields. The episode covers the rise in oil prices amid global calls for a move away from fossil fuels and a surprising dip in the Producer Price Index. We also examine the surge in mortgage applications and delve into Tesla's major recall impacting millions of vehicles. Lastly, we analyze Pfizer's stock drop due to lower-than-expected future revenue and profit projections, highlighting the ongoing adjustments in the pharmaceutical sector. Join us for an informative snapshot of today's economic and corporate developments.

Dive into the slight downturn in the S&P 500 and Nasdaq following the November inflation report. We discuss how bond yields are holding steady ahead of the Fed's interest rate decision, and the sharp decline in oil prices. Key highlights include an analysis of the latest inflation data, Oracle's significant stock drop post-earnings report, and Ford's strategic shift in electric vehicle production for 2024. Tune in for an insightful overview of today's financial landscape.

Leap into the latest market trends as investors eagerly await the Federal Reserve's decision. We cover the subtle yet notable movements in the Dow Jones, S&P 500, and Nasdaq, along with a closer look at the bond and oil markets. Highlighting key corporate developments, we discuss Occidental Petroleum's strategic acquisition of Crown Rock and the surprising surge in Macy’s shares following a buyout offer. Additionally, we analyze the implications of Cigna's decision to end acquisition talks with Humana, exploring how this move impacts the health insurance sector. Join us for an insightful overview of today's dynamic market landscape.

Dive into a whirlwind of market updates in today's episode! We'll explore how PayPal grapples with Amazon's surprising decision to discontinue Venmo payments, impacting PayPal's growth trajectory. We also shed light on Microsoft's intriguing investment in ChatGPT's parent company, OpenAI, now under the UK's regulatory microscope. Amidst this, we unpack the latest employment data's effect on the Dow, S&P 500, and Nasdaq, along with the fluctuations in bond yields and oil prices. Join us for an insightful journey through these pivotal corporate maneuvers and their ripple effects across the markets.

Dive into the significant movements shaking the financial world this Thursday, December 7th. We discuss the rise in major stock indices, with a special focus on AMD's impressive gains following its accelerator chip announcement. The episode also covers the uptick in oil prices, the latest jobless claims data, and the Biden administration's bold move against high-cost pharmaceutical patents. Plus, we explore Japan's economic shifts as it faces inflation and the potential end of negative interest rates. Tune in for a comprehensive analysis of these dynamic market trends!

Delve into the latest market trends and corporate strategies on December 6th. We analyze the S&P 500 and Nasdaq's rise amidst a slowing labor market, and discuss the impact of declining oil prices due to concerns in China. We explore the continuous rise in mortgage applications and the surprising data from private payroll reports. Key corporate updates include McDonald’s expansion plans, Exxon Mobil's increased share buybacks, and Google's unveiling of its advanced AI model, Gemini. Join us for a comprehensive look at today's economic landscape and future corporate prospects.

Stocks started the morning off down but climbed following weaker than expected Jolts data. The S&P 500 is mostly unchanged and the Nasdaq is up by 0.3 5%. Bond yields fell, with the two-year falling to 4.5 9% and the ten-year to 4.1 9%. Crude oil climbed this morning, rising by nearly 1% to $73.73 a barrel. Jolts job openings for the month of October came in much lower than expected, falling by 617,000 jobs as the labor market continues to show signs of cooling. The ISM services index, also reported today, showed a slight improvement at 52.7. In other economic news, Moody’s has cut China’s credit outlook to negative, amid surging debt levels. Local governments in China have rapidly increased their debt as economic slowdowns plague the country. BlackRock warned of higher long-term interest rates in 2024 today, seeing significant risks in markets. The global asset management giant sees the current market optimism as going too far, with rate cuts priced in as early as March of 2024. Treasury yields have fallen significantly in past weeks, with the ten-year yield falling more than three quarters of a percent from its October high as investors bet on lower interest rates. Wells Fargo’s CEO warned of a larger than expected severance expense in the fourth quarter, as the company foresees more layoffs in the near future in order to maintain profitability.

In our latest episode, we dive into the significant market movements impacting stocks, bonds, and commodities. Explore the decline in major indices like the S&P 500 and Nasdaq, the reasons behind rising bond yields, and the factors driving oil prices down. We also discuss gold's record-breaking surge, Bitcoin's impressive rally, Spotify's decision to cut its workforce, and the potential merger between Alaska Airlines and Hawaiian Airlines. Stay informed with our comprehensive analysis of these pivotal financial events.

Dive into our concise market update for December 1st, covering the latest in finance and corporate news. We discuss mixed market trends, the steady ISM manufacturing survey, a rise in construction spending, Pfizer's halted weight loss drug trials, and talks of a streaming bundle between Apple and Paramount. Stay informed on key economic shifts and corporate strategies.

In today's market update, we delve into the mixed reactions in stock markets with the Dow making gains, driven by Salesforce.com's strong earnings, while the Nasdaq dips slightly. We also discuss the rise in oil prices following OPEC's decision to cut production further. Key economic data is in focus, with a look at the latest PCE inflation figures showing a cooling trend, yet with lingering concerns. Additionally, we examine the unexpected rise in jobless claims, highlighting the complexities in the current economic landscape. Join us for a comprehensive analysis of these financial developments.

In today's market update, we delve into the positive shift in stocks following strong GDP data, with the S&P 500 and Nasdaq showing significant gains. We explore the fall in bond yields and the rise in crude oil prices, and discuss the impact of the surprising 5.2% GDP growth. The episode also covers the increase in mortgage applications and General Motors' latest financial strategies. Finally, we pay tribute to the legendary investor Charlie Munger, reflecting on his remarkable legacy in the world of finance.

In today's market update for November 28, we delve into key financial trends: a slight downturn in the S&P 500 and Nasdaq, stable bond yields, and crude oil's minor uptick. We explore the persistent rise in U.S. home prices despite high mortgage rates, as indicated by the Case Shiller index. Additionally, we discuss the buzz around Sheen's IPO and the uncertain valuation of this budget fashion giant. Wrapping up, we examine UBS chairman's warning about potential risks in the rapidly growing, yet possibly under-regulated, private credit market. Join us for these insightful analyses.

Dive into our latest market update for Monday, November 27th, where we dissect key movements in the financial world. From the S&P 500's dip to Shopify's sales surge, we're covering all angles. Explore the implications of falling new home sales, Foxconn's major investment plans in India, and Blackstone's optimistic view on European real estate. Join us as we unravel these developments and what they mean for investors and the global economy.

In this podcast episode for November 21, we delve into the latest financial market trends and consumer spending behaviors. The equity markets have witnessed a downturn, with the S&P 500 and Nasdaq falling due to lackluster retail earnings. Bond yields are also declining, alongside a drop in oil prices. In contrast, gold prices have surged past $2,000, a notable increase from October. The housing market is facing challenges as well, with existing home sales hitting their lowest since August 2010, influenced by high mortgage rates and home prices. Additionally, we explore the changing spending patterns of the American upper-middle class, particularly those with incomes above $100,000, who are reducing their spending as the holiday season approaches. This shift is impacting various brands, as seen in American Eagle's significant stock decline and Dick's Sporting Goods' contrasting positive outlook. This episode provides a comprehensive overview of the current economic climate, focusing on market dynamics and consumer behavior.

Argentina's newly elected president announces a groundbreaking economic strategy to adopt the US dollar as the national currency. This decision aims to tackle the nation's hyperinflation crisis. However, economists are skeptical about Argentina's financial ability to implement this change successfully. This move raises significant questions about the impact on Argentina's economy and its international financial relations.

In this episode, we explore the latest dynamics in financial markets and economic indicators. We start with an overview of the stable Bond and Equity markets, with specific insights into the S&P 500 and 10-Year Treasury yields. The oil sector shows signs of recovery, with increases in both Brent and WTI crude oil prices. A major highlight is the analysis of the housing market, examining the encouraging data on housing starts and building permits, which suggest a growing trend despite current challenges in mortgage affordability. We also cover the implications of President Joe Biden's recent legislative actions to prevent a government shutdown, the decline in the U.S. dollar, and, notably, Amazon's recent decision to reorganize, particularly impacting its Alexa division, as it pivots towards prioritizing generative AI technologies. Join us for a comprehensive breakdown of these important economic and corporate developments.

Dive into the heart of financial currents with "Market Pulse: Navigating Economic Tides." In our November 16th episode, we dissect the day's market dynamics, starting with a close look at the relatively flat equity markets, including the S&P 500, Nasdaq, and Dow Jones. Bond yields are on a downward trajectory, notably the 10 and 20-year bonds, while short-term bonds like the 2-year remain stable. We also cover the oil market shifts with Brent and WTI oil prices. Shifting gears, the podcast delves into the latest economic updates, highlighting the unexpected rise in initial and continuing jobless claims, signaling potential turbulence in employment trends. The episode doesn't shy away from global politics either; we analyze the recent China-U.S. summit, discussing key issues from trade to human rights. Lastly, we round off with corporate news, examining Macy's surprise profit, Cisco's stock fall amidst a dark forecast, and Walmart's sales slowdown. Join us for an insightful journey through today's market landscape.

This episode provides a comprehensive analysis of today's financial markets, including the latest trends in equity markets with the S&P 500 and Nasdaq, bond yield movements, and oil prices. We delve into economic indicators like retail sales and PPI, highlighting their implications. The episode also covers the Asia-Pacific Economic Cooperation summit, focusing on the crucial Biden-Xi meeting amidst global tensions. Additionally, we discuss Target's financial performance and the potential IPO of SpaceX's Starlink. Tune in for insightful discussions on these pivotal developments shaping the global economy.

Today's market update highlights a significant upturn in major indices with the S&P 500, Nasdaq, and Dow Jones all registering notable gains, fueled by encouraging economic data. CPI figures showed a dip, signaling easing inflation concerns, while core CPI also fell slightly. In corporate news, Google and Apple cement a major search engine deal, Tyson Foods reports mixed results, and Home Depot's earnings surpass expectations but with a cautious future outlook. With key earnings reports from Target, Cisco, Walmart, Alibaba, and BJ Wholesale Club Holdings due this week, along with other crucial economic data, the markets brace for potentially impactful developments.

This episode provides a comprehensive overview of the current financial landscape, delving into the mixed trends in major stock indices, with the S&P 500 and Dow Jones showing divergent movements. We examine the slight decline in bond yields, alongside the increase in oil prices, reflecting the dynamic energy market. The episode highlights the latest inflation expectations in New York, indicating a subtle decrease yet remaining above the Federal Reserve's target. A special focus is given to Boeing's significant deal with Emirates, signaling robust travel demand. The week ahead promises a flurry of essential economic data, including CPI, jobless claims, and housing market insights, offering listeners valuable insights into the evolving economic climate as we move into 2024.

delve into the latest market trends with the S&P 500 and Nasdaq showing an upward trajectory, while bond yields and oil prices exhibit significant movements. We analyze the drop in consumer sentiment from the University of Michigan survey and the rise in inflation expectations to a 12-year high. Key highlights include Federal Reserve Chairman Jerome Powell's remarks on potential policy tightening, a cyberattack on the Industrial and Commercial Bank of China affecting US treasury trades, and Honda's decision to increase wages for its US employees after the United Auto Workers strikes. Join us for an insightful overview of today's critical economic developments.

In this episode, we delve into the latest economic indicators affecting market sentiment, from the S&P 500's rally to falling bond yields. We examine the implications of the October jobs report's lower-than-expected job creation and the uptick in unemployment. The discussion shifts to Apple's declining revenue amid its latest earnings report and the challenges it faces, particularly in China. Plus, we explore the conviction of Sam Bankman-Fried of FTX and its impact on the financial landscape. Join us for a comprehensive breakdown of these pivotal financial events and their broader market implications.

In today's financial update, we dissect the market's positive open with tech indices on the rise, delve into the bond yield's stability, and unpack the slight increase in mortgage applications. We also analyze Robinhood's significant earnings drop, Amazon's strategic health sector move with a Prime discount for One Medical, and Warner Brothers Discovery's missed earnings due to declining ad revenue. Tune in for these insights and more on the pulse of today's economy.

Strap in for a high-stakes journey through Wall Street's latest twists and turns. In today's market update, we navigate the Nasdaq's ascent amidst a minor retreat in the S&P 500 and Dow. We’ll decode the fluctuating treasury yields against a backdrop of surging U.S. debt issuance and oil's slip on global demand fears. Hear expert analysis on Fed President Goolsbee's 'soft landing' scenario and what the Fed's steadfast inflation stance could mean for future rate cuts. Plus, get the scoop on Chinese stocks' sudden surge and the seismic shift in the office space saga with WeWork's fall from grace. Don't miss this deep dive into the day's financial frenzy.

Kick off your week with a bang in the business world! Today, we're unpacking the buzz around the stock market's steady climb, exploring the latest twist in bond yields, and delving into crude oil's unexpected rally. Plus, don't miss the scoop on Google's courtroom battle with Epic Games, Citigroup's looming layoffs, and how Warren Buffet's Berkshire Hathaway is smashing expectations. Stay informed and ahead of the curve with our incisive analysis and commentary.

Unpack the financial headlines with us in today’s episode as we delve into the market’s optimistic rally amidst the sobering October job report. Explore how the unexpected turn in job creation numbers and Apple's falling revenue echo through the S&P, Nasdaq, and beyond. We also touch on the repercussions of Sam Bankman-Freed's fraud conviction on the crypto world. With expert analyses and a close eye on the Federal Reserve’s next moves, we help you navigate the financial seas in these unpredictable times.

In today's episode of "Financial Pulse," we dive into the financial market's buoyant response to the Federal Reserve's decision to maintain interest rates, assessing the implications for bonds, the dollar, and oil prices. We unpack Chairman Powell's latest remarks, the Bank of England's stance, and sift through new jobless claims data. Plus, we dissect Moderna's revenue drop and celebrate Starbucks' earnings win. Tune in for a comprehensive breakdown of the latest economic shifts and corporate shakeups.

Today's financial landscape teeters on the brink of important decisions, with all eyes on the Federal Reserve's interest rate determination. Dive deep into the nuances of the rising S&P 500 and Nasdaq, understand the unexpected turns of bond yields, and gauge the temperature of the labor market with the latest ADP data. Join us as we dissect these pivotal financial moments and what they might mean for the future of our economy.

Dive into today's update as we unravel the dynamics of a shifting global economy: from the S&P 500's subtle slide and Europe's inflation dip, to Canada's consecutive GDP contractions and unexpected turns in corporate giants like Caterpillar and Pfizer. Stay informed and ahead of the curve with this comprehensive financial roundup.

Bouncing back from a roller-coaster week, the equity markets are showing signs of life! Dive into today's financial dance - from the spirited jig of the S&P 500 to the waltzing Nasdaq. But it's not just about stocks; bond yields are hitting a high note, while oil and the dollar strike a softer chord. On the corporate stage, GM steals the spotlight with its latest act with the United Auto Workers, and McDonald's serves up a sizzling financial feat. In a twist, Ares Management Corp is making big plays in the private credit sector. And for the tech aficionados, the White House is making moves, setting the stage for the future of AI. Dive in, it's a thrilling financial symphony!

Today's market sees a positive uptick with the S&P 500 and Nasdaq experiencing gains, while bond yields show a divergent trend. Energy commodities register a surge amidst fluctuating inflation rates as reflected in the PCE figures. Corporate landscapes present contrasts as Amazon thrives post-earnings, overshadowing the disappointing performances from oil majors Exxon Mobil and Chevron, and uncertainty plaguing Ford's annual outlook.

Dive deep into the complexities of the economic landscape with "Market Movers: Navigating the Financial Highs and Lows," your go-to source for understanding the forces shaping our financial world. In this week's riveting episode, we unpack the intriguing scenario of markets sliding amid robust GDP figures and impressive big tech earnings. Why is the S&P 500 faltering, and what's behind the Nasdaq's significant dip? Our expert analysis deciphers the factors pressing down on Treasury yields and the implications of the latest oil price dynamics. With the dollar index charting a slightly upward trajectory, we explore the international ripple effects and what this spells for global trade and economics. This episode features a special segment on the surprising third quarter GDP figures, shattering forecasts and signaling a U.S. consumer base that’s resilient and flush with spending power. We delve into the nitty-gritty of the latest wholesale and retail inventory data and discuss what these numbers could mean for the economy's health and your wallet. Plus, we can't ignore the labor market. With jobless claims taking an unexpected turn, what does this mean for the average American and the broader employment market? We're breaking down the data and bringing in experts to provide insights and projections. In our corporate spotlight, we analyze the rollercoaster ride of Meta’s stock post-earnings. What spooked investors even after a strong earnings report? And in the automotive industry, a breakthrough in the labor strike at Ford marks a significant shift. We'll dissect how Ford's tentative deal with the United Auto Workers, promising unprecedented wage increases, could set a new precedent in the labor landscape. Join us for a jam-packed episode as we navigate through these financial highs and lows, equipping you with the knowledge you need to understand the market movers and, more importantly, how they impact you. Subscribe and stay informed!

Dive into our comprehensive analysis of this Wednesday's market dynamics, where we explore the descent in major indexes amidst a storm of earnings revelations. We're breaking down the nuances of rising bond yields, the unexpected slump in oil prices, and the contrasting realities in the real estate sector. The episode zeroes in on tech behemoths: Microsoft's cloud-driven success story and Alphabet's unsettling shortfall, setting the stock market abuzz. Also, stay tuned for insights into T-Mobile's promising earnings report, underscoring a flourishing quarter for telecom giants. Join us as we navigate through the highs and lows of market sentiments, driven by powerhouse performances and strategic plays.

In today's episode, we dissect the fervor driving the markets upwards, with S&P and Nasdaq experiencing significant gains amid stellar earnings reports. We navigate the ebb and flow of the bond market, discuss the implications of the United Auto Workers' latest strike action, and delve into Bitcoin's thrilling rally. Our spotlight then shifts to Spotify's financial comeback. Join us as we unpack these economic stories and more, offering insights into a day of notable financial twists and triumphs.

Today's market sees a subtle downturn as tech indices slip and bond yields rally sharply, touching new heights. Amidst falling oil prices, Chevron's monumental $53 billion move to acquire Hess underscores a feverish M&A climate in the energy realm. Concurrently, the EU's renewed scrutiny into Adobe's Figma deal sets the stage for a pivotal antitrust decision, all while the corporate world braces for critical earnings disclosures from leading tech juggernauts.

In today's episode, we delve into the multifaceted economic landscape shaping current market volatilities. From the S&P 500 and Nasdaq's latest dips to the back-and-forth motion of Treasury yields, we dissect the implications of these market movements and what they signify for investors. As oil prices surge past $90 amidst escalating Middle Eastern conflicts, we explore the broader geopolitical tensions rattling global markets. Join us for an in-depth analysis of Chairman Jerome Powell's recent statements on inflation and the Federal Reserve's potential strategy moving forward. Plus, get exclusive insights into American Express's standout quarterly earnings amidst a trend of rising delinquencies. Don't miss our discussion on the creeping investor anxiety reflected in the VIX index's recent spike. Stay tuned for a comprehensive breakdown of these complex dynamics, designed to help investors steer through these turbulent times.

Dive into today's financial currents as markets show slight recovery from a recent selloff, and treasury yields create a stir. Explore the rollercoaster of corporate earnings, with Netflix riding high after a triumphant quarter, while Tesla faces a tough terrain, and Discover navigates challenges. We'll dissect how global cues, including falling oil prices and shaky real estate, are painting a broader economic picture. Join us for an insightful session unpacking these financial movements and their implications.

Debt issuances from major banks and the U.S. Treasury, and the increasing oil prices due to Middle Eastern tensions. Get insights into the plummeting mortgage application rates, contrasting housing market indicators, and dissect the earnings reports from corporate heavyweights such as Morgan Stanley, U.S. Bancorp, and Procter & Gamble.

Today's market sees a significant shake-up as rising long-term bond yields prompt a downturn in major equity indices, with tech bearing the brunt. Despite robust retail sales fueling rate hike fears, standout earnings reports bring mixed reactions. Elsewhere, regulatory hurdles unsettle the tech sector, highlighting growing US-China tensions in the semiconductor landscape.

Embark on a comprehensive journey through today's bustling financial landscape, where equity markets display robust health, cryptocurrencies anticipate groundbreaking ventures, and global giants navigate through economic intricacies. "Market Vibrancy Amid Shifting Tides" encapsulates the essence of financial resilience, highlighting the Nasdaq's spirited climb, Bitcoin's dramatic ascension, and the challenges encountered by iconic establishments. Dive deep into a world where consumer preferences evolve, corporate strategies adapt, and industries brace for a future carved by innovation, turmoil, and relentless economic dynamics.

Today's financial terrain presents a mosaic of triumphs and challenges. While the Dow Jones and S&P 500 make gains, the Nasdaq slightly lags. Banking giants, including JP Morgan, Wells Fargo, and Citigroup, revel in robust earnings, largely fueled by mounting interest incomes. Yet, consumer sentiment wanes, inflation fears surge, and global tensions intensify, underscored by Jamie Dimon's unsettling remarks on geopolitical strife. Additionally, the tech industry witnesses a historic juncture as Microsoft acquires Activision Blizzard, marking a new era in the gaming landscape. Delve into this multifaceted financial day's developments and implications.

Dive into today's equity market dynamics, unpacking the latest inflation report and its ripple effects. We delve into Delta's earnings, Microsoft's tax tangle, and the growing auto workers' strike. Plus, what the new Social Security update means for retirees. Join us for a comprehensive financial roundup!

Amidst higher-than-predicted inflation rates and soaring PPI figures, the S&P 500 and Nasdaq experienced modest gains. Bond yields varied with the two-year and ten-year yields showing distinct movements. Falling oil prices marked the day, with both WTI and Brent crude witnessing a dip. Federal Reserve officials present mixed views on future interest rate actions. Separately, Costco faces a lawsuit regarding the alleged sharing of sensitive customer data with Facebook.

Today's financial landscape sees equity markets climbing with the S&P 500 and Nasdaq showing gains. Meanwhile, growing apprehensions arise from geopolitical tensions in Israel, potential debt crises in China's housing market, and significant corporate updates from AMD's acquisition and Pepsi's positive earnings report.

In today's episode, we delve into the repercussions of escalating tensions in the Middle East on global equity markets and the surging energy prices. As the bond market takes a pause for Columbus Day, we also touch on intriguing developments in the consumer staples sector, driven by weight-loss drug trends. Plus, discover Google's latest AI-driven endeavor tailored for healthcare professionals, and the strategic move by Bristol Myers that could reshape the oncology landscape.