Stocks Opened Mostly Higher

U.S. stocks opened mostly higher on Monday, as investors focused on comments from several Federal Reserve officials and waited for home-sales figures. The Dow Jones Industrial Average lately gained 45.45 points, or 0.25%, to 18,173.10. The S&P 500 was up 2.83 points, or 0.13%, to 2,110.93. The Nasdaq Composite was down 11.35 points, or 0.23%, to 5,015.06.

IBM Corp will share technology with Chinese firms and will actively help build China’s industry, CEO Virginia Rometty said in Beijing as she set out a strategy for one of the foreign firms hardest hit by China’s shifting technology policies.

Tenet Healthcare Corp. (THC) said on Monday it will create a joint venture with United Surgical Partners International to combine the two companies’ short-stay surgery and imaging-center assets. The equity value of the venture is about $2.6 billion, Tenet said.

ImmunoGen Inc. (IMGN), the biotechnology company, announced a deal to license its anticancer therapeutics delivery technology for up to two targets exclusively to Japan’s Takeda Pharmaceutical Co. (TKPYY) Under terms of the deal, ImmunoGen will receive an upfront payment of $20 million for each target, and is eligible to receive milestone payments of up to $210 million plus royalties on any net sales.

China National Chemical Corp. and other investors are making a bid for Pirelli & C. SpA that could value the Italian tire manufacturer at around $7.7 billion — one of the largest overseas acquisitions by a Chinese state firm in recent years.

Oil prices kicked off the week in the red after Saudi Arabia said it was producing the most crude oil since July. Brent for delivery in May fell 1.1% to $54.71 a barrel on London’s ICE Futures exchange.