Investing.com -- Stocks were headed higher as investors await clarity on the outcome of debt ceiling negotiations in Washington. Here are the market movers for May 15.
- Activision Blizzard Inc (NASDAQ: ATVI ) stock rose 1% after European Union regulators approved Microsoft's $69 billion acquisition of the video game maker. Microsoft Corporation (NASDAQ: MSFT )shares were flat.
- ONEOK Inc (NYSE: OKE ) shares fell 8.5% after it announced a deal for Magellan Midstream Partners LP (NYSE: MMP ) for $18.8B. Magellan shares rose 13%. The deal will create one of the largest companies engaged in the transfer of oil and gas.
- Newmont Goldcorp Corp (NYSE: NEM ) shares rose 1.8% after the mining giant struck a $17.5B deal for Australia's Newcrest Mining (OTC: NCMGF ) (ASX: NCM ) to great the world's biggest gold mining company. Newcrest shares rose 2%.
- H&R Block Inc (NYSE: HRB ) shares fell 3.7% and shares of Intuit Inc (NASDAQ: INTU ) fell 1.3% after reports the federal government is looking at offering a free electronic filing platform for taxpayers directly to the Internal Revenue Service.
Sarepta Therapeutics Inc (NASDAQ: SRPT ) shares jumped 28% after expert outside advisors to the Food and Drug Administration recommended approval for its muscular dystrophy gene therapy.
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