Bloomberg Business of Sports lets you follow the money in the world of sports, reporting on trades, salaries, endorsements, contracts and collective bargaining. The show takes listeners inside the business end of the sports world, and explains what it means to fans and their pocketbooks.
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Michelle Fay Cortez
Abbott Laboratories denied a report that it’s preparing an offer for St. Jude Medical Inc. that would value the maker of heart devices at about $25 billion.
St. Jude shares were up 3.7 percent to $71.88 at 10:07 a.m. in New York, after rising 17 percent in premarket trading following the report in the Financial Times. Abbott shares gained 1.8 percent to $44.77.