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Sam's News — markets — 2026-08-03

TL;DR

Markets

Stock markets rally as Trump halts Iran military strike

U.S. stock markets surged and oil prices fell after the president of the United States indicated he had called off a planned military attack on Iran.

Sources: CNBC RSS, Bloomberg RSS, U.S. News & World Report RSS, Reuters RSS

Amazon stock hits $3 trillion market capitalization

Amazon became only the third publicly traded U.S. company to reach a $3 trillion market valuation.

Sources: Investor's Business Daily RSS, CNBC RSS

M&A

Bristol Myers Squibb and AstraZeneca in reported merger discussions

AstraZeneca and Bristol Myers Squibb are reportedly in early-stage talks over a merger that would create a roughly $400 billion pharmaceutical giant, though no deal is confirmed.

  • AstraZeneca market cap ~$264 billion (£196 billion); Bristol Myers Squibb ~$133 billion
  • Combined firm would be world's fourth-largest drugmaker by market cap
  • AstraZeneca shares fell up to 7.8%; Bristol Myers Squibb shares rose up to 3.8%
  • Portfolios overlap in oncology, raising possible antitrust scrutiny
  • Neither company has confirmed talks, first reported by the Financial Times

Sources: STAT News Research, Reuters RSS, Investing.com RSS, Investopedia RSS