Merger News Boosts Rivals, 'Shadow Trading' Jury Told

By Bonnie Eslinger (March 27, 2024, 11:15 PM EDT) -- Medivation's 2016 sale announcement would have an expected positive "spillover effect" on rival Incyte's stock price, a U.S. Securities and Exchange Commission expert testified Wednesday in a "shadow trading" trial over claims an ex-Medivation executive exploited confidential news of his company's imminent acquisition to buy shares in the competitor....

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