Bristol-Myers Squibb (BMY) announced Sunday evening that it will split off its holdings in Mead Johnson Nutrition Company. The split-off is expected to be net cash flow positive to the BioPharma business and accretive to earnings per share beginning in 2010. Bristol-Myers Squibb gapped up Monday and climbed during the first half hour of trade. Shares finished higher by $1.12 at $24.30 on the highest volume of the year. The stock broke out past resistance and set a new high for the year.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.