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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.