Bristol-Myers, Rocket Lab gain; Nike, Cummins Engine fall on Friday, 12/22/2023

Stocks that traded heavily or had substantial price changes on Friday: Bristol-Myers, Rocket Lab gain; Nike, Cummins Engine fall

NEW YORK -- Stocks that traded heavily or had substantial price changes on Friday:

Bristol-Myers Squibb, up $1.03 to $52.29

The drugmaker is buying Karuna Therapeutics, maker of the antipsychotic medication KarXT.

Karuna Therapeutics, up $102.66 to $317.85

The biopharmaceutical company is being acquired by Bristol-Myers for a hefty premium to its recent stock price.