Stocks slump, oil surges, Bristol Myers-Mirati deal, UAW Mack Truck strikes, Peltz eyes Disney seat - 5 Things To Know

Stocks lower, oil surges, Bristol Myers-Mirati, UAW strikes, Disney

Oct 9, 2023 - 19:30
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Stocks slump, oil surges, Bristol Myers-Mirati deal, UAW Mack Truck strikes, Peltz eyes Disney seat - 5 Things To Know

Five things you need to know before the market opens on Monday October 9:

1. -- Stock Market Today: Stocks slide, oil surges as attacks on Israel rattle global markets

The deadliest attacks on Israel in at least five decades has sent oil prices surging and puts global markets on edge heading into a key week on Wall Street.

2. -- Oil prices leap as Iran links to Israel attacks add to supply hit concerns

Iran's links to Hamas and Hezbollah, the groups responsible for the deadliest attacks on Israel in decades, has sent global oil prices surging over concerns of a region-wide conflict.

3. -- Bristol Myers to buy cancer specialists Mirati Therapeutics for $5.8 billion

Bristol Myers will pay up to $5.8 billion for cancer treatment specialists Mirati Therapeutics in the last oncology deal in the fast-moving pharma sector.

4. -- UAW rejects pay deal with Mack Trucks as Big 3 strike enter fourth week

The United Autoworkers Union, which is entering its fourth week of strike action against the Big 3 automakers, rejected a tentative pay deal with Volvo-owned Mack Trucks late Sunday.

5. -- Disney climbs on report Nelson Peltz has boosted stake, seeks board seat

Billionaire investor Nelson Peltz, who has been pushing for a seat on Disney's board since late last year, has amassed a $30 billion stake in the media and entertainment group, according to the Wall Street Journal.

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