Bill Gates donates to Alzheimer's research

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The markets traded higher during the midday with the Dow rising 28 points to 23,450. Nasdaq added 5 points to 6,756.


Bill Gates has invested $50 million of his own money in the Dementia Discovery Fund. The world's richest person and co-founder of Microsoft said that a breakthrough in Alzheimer's would help people live more fulfilling lives in their later years. The Dementia Discovery Fund invests in innovative research to develop novel treatments for dementia.


Qualcomm has rejected Broadcom's unsolicited $105 billion acquisition offer. Qualcomm said that the deal undervalued the company and would face significant regulatory hurdles. Broadcom plans to open discussions with Qualcomm's board and executive team in order to prepare a more enticing offer.


The attorney general of Missouri initiated an investigation into Google for potential antitrust violations. Concerns were raised that the search engine gathered private, personal information from consumers without their knowledge, misappropriated competitor information and manipulated search results in favor of sites that belong to Google. The European Union fined Google $2.7 billion for engaging in similar anticompetitive behavior.


In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 added 2 points to 2,584. Bitcoin surged $709 to $6,425.


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