The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
Abbott, AbbVie and Sanofi are each paying up for takeover partners, while protecting the planet could be the investment deal of the century. Plus: Facebook forges ahead while Apple ambles.
from Morning Bid with David Gaffen:
It doesn't seem to make exact sense, but the market isn't far from a record and looks set to extend the bull market to make it the second-longest such bull run in history as the S&P 500 closes in on another all-time record. The market right now is grinding through lackluster global growth, expectations that the Fed is going to raise interest rates again before long, uncertain direction of oil prices, and right now a pretty ugly earnings period that has started off with some really uninspiring results from the banks and a handful of big tech companies.