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Reuters Company NewsOct 22, 2019
UPDATE 2-European stocks subdued by mixed corporate earnings and Brexit
* UK lawmakers vote at 1800 GMT on Brexit bill (Updates with closing prices)

MarketWatch MarketPulseOct 22, 2019
Biogen's stock surge increases value of recent stock repurchased by over $700 million
Biogen Inc. did a good job buying low, as the biotechnology company's stock rally on Tuesday has boosted the value of the shares repurchased over the past six months by about $708.6 million. The company said it bought back 3.1 million shares for a total value of approximately $718 million, which implies an average price paid of $231.61 per share. With the stock soaring 27% to $283.45, after the company said it would pursue regulatory approval of its treatment for Alzheimer's disease and following a big earnings beat, it would now take $878.7 million to buy back 3.1 million shares, or about $161.7 million more than Biogen paid. During the second quarter, the company had bought 10.4 million shares for about $2.4 billion, implying an average price paid of $230.77 per share. At current prices, it would cost $2.95 billion to buyback 10.4 million shares. The stock had plunged in March after the company said it would discontinue Phase 3 trials of its Alzheimer's drug. The stock has still lost 5.6% year to date, while the Dow Jones Industrial Average has gained 15.2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Reuters BusinessOct 22, 2019
Oil prices rise on prospects for U.S.-China trade deal
Oil prices rose on Tuesday after China signaled progress in trade talks with the United States, but gains were capped by bearish forecasts of a buildup in U.S. crude stockpiles.

Oil rises on optimism about prospects for a U.S.-China deal (Reuters Business)
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