Apr 12, 2019

Bristol-Myers shareholders greenlight takeover of Celgene

Bristol-Myers Squibb expects the Celgene deal to close later this year. Photo: Georges Gobet/AFP via Getty Images

Bristol-Myers Squibb received the go-ahead today from more than 75% of shareholders to complete its $74 billion acquisition of Celgene.

The big picture: Concerns from activist investors died down, after they previously said the deal was "ill-advised" due in large part to Celgene's main cancer drug losing patent protection in a few years. Bristol-Myers now expects to close the deal later this year, becoming an oncology-focused giant with more than $37 billion of annual drug sales.

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Debate night: Candidates' last face-off before Super Tuesday

Sanders, Biden, Klobuchar and Steyer in South Carolina on Feb. 25. Photo: Jim Watson/AFP via Getty Images

Sen. Bernie Sanders wants to keep his momentum after winning New Hampshire and Nevada, while former Vice President Joe Biden hopes to keep his own campaign alive. The other five candidates are just trying to hang on.

What's happening: Seven contenders for the Democratic presidential nomination are in Charleston, South Carolina, for the tenth debate, just days before the South Carolina primary and a week before Super Tuesday. They're talking about health care, Russian interference in the election, the economy and race.

Go deeperArrowUpdated 2 mins ago - Politics & Policy

Sanders to Putin: You won't interfere in any more elections if I'm president

Photo: Scott Olson/Getty Images.

Sen. Bernie Sanders sent a message to Russian President Vladimir Putin on the debate stage Tuesday, stating, "If I'm president of the United States, trust me, you're not going to interfere in any more American elections."

The big picture: It was unveiled last week that Russia has been interfering to boost Sanders' campaigns in an apparent attempt to strengthen President Trump's bid for reelection. Former New York Mayor Michael Bloomberg said that "Vladimir Putin thinks that Donald Trump should be president of the United States, and that's why Russia is helping [Sanders] get elected.

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