Why Teva Pharmaceutical Industries Shot Higher Today

·2-min read
Why Teva Pharmaceutical Industries Shot Higher Today

On Tuesday, Teva Pharmaceutical Industries (NYSE: TEVA) was one of the few large-cap stocks to rise in price on a terrible day for the stock market. Teva shares closed nearly 4% higher on some positive legal news for the company. Teva announced that its U.S. affiliate, the similarly named Teva Pharmaceuticals, has agreed to a legal settlement with the state of Louisiana to settle opioid-related claims.

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