Hewlett-Packard splits, markets rise

The markets opened higher with the Dow gaining 48 points to 17,058 on news that Hewlett-Packard would separate into two publicly traded companies. Nasdaq added 3 points to 4,479.

On the upside

Becton Dickinson will pay a premium of approximately $12.2 billion in cash and stock to acquire CareFusion (NYSE: CFN) .

A runoff between Brazilian pro-business presidential candidate Aecio Neves and President Dilma Rousseff lifted shares of Petrobras (NYSE: PBR). 

Unilife (Nasdaq: UNIS) signed a contract to be the sole global provider of cartridge based wearable injectors for Sanofi’s large dose volume drugs.

On the downside

Sunesis Pharmaceuticals (Nasdaq: SNSS) reported disappointing results from a Phase 3 VALOR trial of vosaroxin and cytarabine in patients with first relapsed or refractory acute myeloid leukemia.

Alcobra (Nasdaq: ADHD) reported disappointed results from a Phase III study of Metadoxine Extended Release in adult with ADHD.

Leerink downgraded Tekmira Pharmaceuticals (Nasdaq: TKMR) from an Outperform rating to a Market Perform rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 6 points to 1974. Bitcoin gained $28 to $327.

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