Amgen and Horizon stocks plummet due to FTC

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Source: Dukascopy Bank SA




The US Federal Trade Commission has been reportedly preparing to block Amgen's acquisition of Horizon Therapeutics. The potential deal was valued at $27.8 billion.

As a result of the announcement, the stocks of both companies became highly volatile. Horizon Therapeutics plummeted 17.61%. Amgen stock experienced a dip down of more than 1.00%.
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