Apple & Cisco
Apple and Cisco are teaming up. The two Dow components are joining forces to help bring more iPhones and iPads to business users. The collaboration will allow Apple devices to work more efficiently in workplaces that use Cisco technology. Apple was off a fraction to $112.76. Cisco systems fell slightly to $25.88.
Google announced its Android watches are now compatible with Apple’s operating system. Separately, Google’s Life Sciences division is teaming up with the European drug maker Sanofi on new ways to monitor and treat diabetes. Shares were off nearly two percent to $647.82.
Bristol-Myers Squibb announcing today that it was granted the exclusive rights to buy a privately held company called Promedior and its experimental fibrosis treatments. The purchase will cost more than $1 billion. Shares were off almost two percent to $59.47.
FedEx has moved a step closer to a final agreement with pilots. This after the union’s executive council voted to approve a tentative labor contract. Pilots will vote on the agreement in a few weeks. Shares were off more than one percent to $150.61.