AstraZeneca shares plunged Monday on news that the drugmaker was exploring an acquisition of Bristol Meyers Squibb. A deal would create one of the world's biggest drugmakers. Sam Fazeli of Bloomberg Intelligence says a takeover would make no sense.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-03/astra-buying-bristol-makes-no-sense-fazeli-says-video)