AT&T Takes Off as Elliott Management Weighs In. The Dow Is Rising Too.

Markets ACAD AMGN ETFC LVS MNK T Acadia Pharmaceuticals Acadia Pharmaceuticals Amgen Mallinckrodt Las Vegas Sands AT&T Biotechnology Pharmaceuticals Telecommunication Services Wireless Telecommunications Services Health Care/Life Sciences Biopharmaceuticals Donald Trump Keefe Woods Financial Performance Share Price Movement/Disruptions Management Shareholder Activism Corporate/Industrial News Corporate Governance Content Types Factiva Filters C&E Exclusion Filter C&E Industry News Filter ACAD AMGN DB DBK.XE ETFC I/BTC I/CTS I/DRG I/TLS I/XFFX LVS M/HCR N/CNW N/COGV N/IAT N/MNT N/PFM T Barrons.com Barrons Blogs Fortune 500 COMP DAX Index DJIA Dow Jones Industrial Average FTSE 100 Index Nasdaq Composite S&P 500 SPX UK:UKX XX:188658 CODES_REVIEWED Health Markets Telecom author Al Root author|Al Root author Al Root id Al Root name Al Root topicid 8578 rank 1 topicid barrons_display_subject BARMKTS barrons_display_subject|BARMKTS canbedisplaysubject true codetype BARRONS_DISPLAY_SUBJECT name Markets source MANUAL value BARMKTS code BARMKTS status modified co acadia co|acadia country US symbol ACAD codetype co displayname Acadia Pharmaceuticals why about extractedtext Acadia Pharmaceuticals source FACTIVA occurs true seoname acadia_pharmaceuticals name Acadia Pharmaceuticals orgtype public relevancerange low chartingsymbol STOCK/US/XNAS/ACAD fcode acadia fullextractedtext Acadia Pharmaceuticals ticker ACAD confidence 100 subcat com code acadia relevance 13 significance prominent onlinesignificance prominent confidencerange high exchangeisocode XNAS co sbcatt co|sbcatt country US symbol T codetype co displayname AT&T why about extractedtext AT&T source FACTIVA occurs true seoname at_t name AT&T orgtype public countrycode US relevancerange medium chartingsymbol STOCK/US/XNYS/T fcode sbcatt fullextractedtext AT&T ticker T confidence 100 subcat com code sbcatt relevance 52 significance prominent onlinesignificance prominent confidencerange high exchange NYSE exchangeisocode XNYS co ACADIA co|ACADIA symbol ACAD country US codetype co displayname ACADIA Pharmaceuticals extractedtext Acadia Pharmaceuticals source MANUAL code acad name Acadia Pharmaceuticals significance prominent onlinesignificance prominent exchange U.S.: Nasdaq exchangeisocode XNAS chartingsymbol STOCK/US/XNAS/ACAD fcode ACADIA status modified co IMC co|IMC symbol MNK country US codetype co displayname Mallinckrodt extractedtext Mallinckrodt source MANUAL code mnk name Mallinckrodt significance prominent onlinesignificance prominent exchange U.S.: NYSE exchangeisocode XNYS chartingsymbol STOCK/US/XNYS/MNK fcode IMC status modified co AMGE co|AMGE symbol AMGN country US codetype co displayname Amgen extractedtext Amgen source MANUAL code amgn name Amgen significance prominent onlinesignificance prominent exchange U.S.: Nasdaq exchangeisocode XNAS chartingsymbol STOCK/US/XNAS/AMGN fcode AMGE status modified co LVSI co|LVSI symbol LVS country US codetype co displayname Las Vegas Sands extractedtext Las Vegas Sands source MANUAL code lvs name Las Vegas Sands significance prominent onlinesignificance prominent exchange U.S.: NYSE exchangeisocode XNYS chartingsymbol STOCK/US/XNYS/LVS fcode LVSI status modified company T company|T name AT&T significance PROMINENT company ACAD company|ACAD name Acadia Pharmaceuticals significance PROMINENT company MNK company|MNK name Mallinckrodt significance PROMINENT company AMGN company|AMGN name Amgen significance PROMINENT company LVS company|LVS name Las Vegas Sands significance PROMINENT company ETFC company|ETFC name E*Trade Financial significance PROMINENT djn N/IAT djn|N/IAT significance prominent onlinesignificance prominent name N/IAT why about source FACTIVA fcode N/IAT codetype djn code n_iat djn N/MNT djn|N/MNT name N/MNT why lineage source FACTIVA fcode N/MNT codetype djn code n_mnt djn N/COGV djn|N/COGV name N/COGV why lineage source FACTIVA fcode N/COGV codetype djn code n_cogv djn ACAD djn|ACAD codetype djn why about source FACTIVA occurs true code acad name ACAD significance prominent onlinesignificance prominent fcode ACAD djn AMGN djn|AMGN codetype djn why occur source FACTIVA code amgn name AMGN significance passing onlinesignificance passing-mention fcode AMGN djn DB djn|DB codetype djn why occur source FACTIVA code db name DB significance passing onlinesignificance passing-mention fcode DB djn DBK.XE djn|DBK.XE codetype djn why occur source FACTIVA code dbk_xe name DBK.XE significance passing onlinesignificance passing-mention fcode DBK.XE djn ETFC djn|ETFC codetype djn why occur source FACTIVA code etfc name ETFC significance passing onlinesignificance passing-mention fcode ETFC djn LVS djn|LVS codetype djn why occur source FACTIVA code lvs name LVS significance passing onlinesignificance passing-mention fcode LVS djn T djn|T codetype djn why about source FACTIVA occurs true code t name T significance prominent onlinesignificance prominent fcode T djn I/BTC djn|I/BTC codetype djn name I/BTC why lineage source FACTIVA code i_btc fcode I/BTC djn I/DRG djn|I/DRG codetype djn name I/DRG why lineage source FACTIVA code i_drg fcode I/DRG djn I/TLS djn|I/TLS codetype djn name I/TLS why lineage source FACTIVA code i_tls fcode I/TLS djn I/CTS djn|I/CTS codetype djn name I/CTS why association source FACTIVA code i_cts fcode I/CTS djn M/HCR djn|M/HCR codetype djn name M/HCR why lineage source FACTIVA code m_hcr fcode M/HCR djn N/PFM djn|N/PFM codetype djn why about source FACTIVA code n_pfm name N/PFM significance prominent onlinesignificance prominent fcode N/PFM djn N/CNW djn|N/CNW codetype djn name N/CNW why lineage source FACTIVA code n_cnw fcode N/CNW djn I/XFFX djn|I/XFFX codetype djn why about source FACTIVA code i_xffx name I/XFFX significance prominent onlinesignificance prominent fcode I/XFFX first_publish_headline AT&T Stock Takes Off as Elliott Management Weighs In. The Dow Is Rising, Too. first_publish_headline|AT&T Stock Takes Off as Elliott Management Weighs In. The Dow Is Rising, Too. flow Barrons.com flow|Barrons.com codetype FLOW name Barrons.com source MANUAL value Barrons.com code online status modified name Online title Product code Barrons.com flow Barrons Blogs flow|Barrons Blogs codetype FLOW source MANUAL title Product code Barrons_Blogs name Barrons Blogs value Barrons Blogs status modified headline AT&T Stock Takes Off as Activist Investor Weighs In. The Dow Is Rising, Too. headline|AT&T Stock Takes Off as Activist Investor Weighs In. The Dow Is Rising, Too. idx xf500 idx|xf500 codetype idx why about source FACTIVA code xf500 name Fortune 500 significance prominent onlinesignificance prominent fcode xf500 in i2569 in|i2569 codetype in name Biotechnology why lineage source FACTIVA code i2569 fcode i2569 in i257 in|i257 codetype in name Pharmaceuticals why lineage source FACTIVA code i257 fcode i257 in i7902 in|i7902 codetype in name Telecommunication Services why lineage source FACTIVA code i7902 fcode i7902 in i79022 in|i79022 codetype in name Wireless Telecommunications Services why association source FACTIVA code i79022 fcode i79022 in i951 in|i951 codetype in name Health Care/Life Sciences why lineage source FACTIVA code i951 fcode i951 in ibioph in|ibioph codetype in name Biopharmaceuticals why association source FACTIVA code ibioph fcode ibioph index DAX Index index|DAX Index name DAX Index displayname DAX Composite Index symbol XX:188658 chartingsymbol INDEX/XX/DEUTSCHE BOERSE/188658 exchange Deutsche Boerse 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surname_first topicname Donald Trump pe Keefe pe|Keefe lastname Keefe codetype pe displayname Keefe extractedtext Keefe source FACTIVA code keefe name Keefe nameformat surname_first pe Woods pe|Woods lastname Woods codetype pe displayname Woods extractedtext Woods source FACTIVA code woods name Woods nameformat surname_first relay SYND relay|SYND codetype RELAY name Syndication source EXPANDER value SYND code synd status modified statistic CODES_REVIEWED statistic|CODES_REVIEWED name CODES_REVIEWED value CODES_REVIEWED codetype STATISTIC code CODES_REVIEWED subject BARMKTS subject|BARMKTS codetype SUBJECT selectable true title Markets code BARMKTS name Markets canbedisplaysubject true ruleid BARMKTS value BARMKTS status modified subject BARTEL subject|BARTEL codetype SUBJECT title Telecom code BARTEL name Telecom canbedisplaysubject true ruleid BARTEL value BARTEL status modified subject BARHEALTH subject|BARHEALTH codetype SUBJECT title Health code BARHEALTH name Health canbedisplaysubject true ruleid BARHEALTH value BARHEALTH status modified wordcount 385 wordcount|385 Illustration by Michael George Haddad AT&T Stock Takes Off as Activist Investor Weighs In. The Dow Is Rising, Too. AT&T Stock Takes Off as Activist Investor Weighs In. The Dow Is Rising, Too. Dow Jones Industrial Average Is Up. AT&T Stock Is Taking Off.

A number of health-care stock were on the move as well.

AT&T Takes Off as Elliott Management Weighs In. The Dow Is Rising Too.

A number of health-care stocks were on the move as well.

https://www.barrons.com/articles/donald-trump-twitter-stock-market-51567803655?mod=hp_LEAD_1 http://ir.acadia-pharm.com/news-releases/news-release-details/acadia-pharmaceuticals-announces-pivotal-phase-3-harmony-trial?field_nir_news_date_value[min]= https://www.barrons.com/articles/mallinckrodt-bonds-bankruptcy-opioid-lawsuits-51567803638 http://investors.amgen.com/news-releases/news-release-details/amgen-announces-new-clinical-data-evaluating-novel AT&T Stock Takes Off as Activist Investor Weighs In. The Dow Is Rising, Too. By Al Root Illustration by Michael George Haddad

It’s a quieter Monday with fewer presidential tweets. (Donald Trump’s tweets affect the market, but only for a short time, according to Barron’s.) But that’s not to say there wasn’t any news.

Shares were higher in Asia, and Germany’s DAX Composite Index ekeded out a gain of .3% higher. In the U.K., still plagued by Brexit problems, the FTSE 100 Index was down 0.5%.

U.S. stock futures were higher. Dow Jones Industrial Average futures rose 0.3%, and futures on both the S&P 500 and the Nasdaq Composite had risen 0.2%.

Stock in AT&T took off, rising more than 7%, after the activist investor Elliott Management, a holder of stock in the telecommunications firm, released a letter to the board laying out a series of potential changes that it said could bring gains of as much as 65% for the stock.

Acadia Pharmaceuticals stock (ticker: ACAD) was the biggest Monday mover in early morning. Shares were up almost 100% in premarket trading as investors welcomed news that the company stopped a late-stage drug-development trial for dementia-related psychosis early because results were positive.

Mallinckrodt (MNK) shares rose by about 9% to $2.03 a share. The stock has been buffeted by legal problems associated with the opioid crisis. Shares of the drugmaker are down about 88% year to date, based on Friday’s closing price.

Stock in the biotech giant Amgen (AMGN) was down 4.4%. Drug testing data presented over the weekend fell short of investors’ expectations.

Some stocks outside of health care may move after Wall Street changed ratings on the company. Las Vegas Sands (LVS) shares were upgraded at Deutsche Bank. Shares of E*Trade Financial (ETFC) were downgraded at Keefe, Bruyette & Woods. Sands shares were unchanged in premarket trading, E*Trade stock was down 0.8%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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