Stocks end higher as China intellectual property news viewed positively by market Stocks climbed to record levels as China took new action that spurred trade optimism and a wave of merger and acquisition activity was announced. China said over the weekend that it will tighten intellectual property rules in a move viewed as one that boost the odds of a "phase one" trade deal getting inked with the U.S. Meanwhile, a flurry of deal announcements were made, including with household names such as Tiffany (TIF), Charles Schwab (SCHW) and eBay (EBAY). ECONOMIC EVENTS: In the U.S., Chicago Fed national activity index fell another 0.26 points to -0.71 in October. The Dallas Fed manufacturing index rose 3.8 points to -1.3 in November. COMPANY NEWS: It was a very busy day for M&A news, with four multi-billion dollar transactions announced. LVMH Moet Hennessy Louis Vuitton (LVMUY) announced an agreement to acquire Tiffany & Co. for 5 per share in cash in a transaction with an equity value of approximately .2B. Charles Schwab and TD Ameritrade (AMTD) reached agreement for Schwab to acquire TD Ameritrade in an all-stock transaction valued at approximately B. The resulting combined firm is expected to serve 24 million client accounts with more than trillion in client assets. Taken together, the two firms recently generated total annualized revenue and pre-tax profits of approximately billion and billion, respectively, the companies added. The Medicines Company (MDCO) announced that it has entered into definitive agreement in which Novartis (NVS) will buy the company for per share in an all-cash transaction, implying a fully diluted equity value of .7B. The purchase price represents a premium of approximately 45% to The Medicines Company's closing share price of .65 on November 18, the last trading day prior to news reports of a potential transaction between the two drugmakers. eBay and viagogo announced they have entered into a definitive agreement for eBay to sell StubHub to viagogo for a purchase price of .05B in cash. "We believe this transaction is a great outcome and maximizes long-term value for eBay shareholders," said Scott Schenkel, interim CEO of eBay. Outside of M&A, the regulator of taxi and private hire services in London announced that it will not grant Uber London Limited (UBER) a new private hire operator's licence in response to its latest application. Transport for London said it has identified a pattern of failures by the company including several breaches that placed passengers and their safety at risk and that "TfL does not have confidence that similar issues will not reoccur in the future." Uber Technologies said via Twitter that TfL's decision not to renew Uber's license in London is "extraordinary and wrong, and we will appeal." Meanwhile, Teva (TEVA) shares rose 4.8% following a report from Bloomberg stating that Teva and other generic drugmakers have held talks with the Justice Department, looking to resolve a lengthy criminal antitrust probe that alleged price-fixing by the companies. Additionally, Facebook (FB) and Twitter (TWTR) will announced that hundreds of users may have had their data improperly accessed after they used their Twitter accounts to log into certain Android apps downloaded from the Google Play (GOOG, GOOGL) store, according to CNBC's Kate Rooney and Salvador Rodriguez. MAJOR MOVERS: Among the noteworthy gainers was Arrowhead (ARWR), which rose 15.8% after Baird analyst Madhu Kumar upgraded the stock to Outperform from Neutral with a price target of , up from , based on read-through from The Medicines Company's deal announcement. Also higher was BioCryst (BCRX), which gained 15.1% after Point72 disclosed a 6.1% passive stake in the company. Additionally, Sorrento Therapeutics (SRNE) was 94.4% higher after it received an unsolicited, non-binding term sheet proposal submitted by two biopharmaceutical companies, to acquire all of the issued and outstanding shares of the company for between .00 and .00 per share in cash. Sorrento's board determined that the offer undervalued Sorrento and was not in the best interest of the company's stockholders and the board unanimously rejected the proposal, the company announced. Among the notable losers was Kirkland Gold (KL), which slid 17.2% after it agreed to acquire Detour Gold Corporation in a deal worth about C$4.9B. Also higher was GTT Communications (GTT), which fell 1.6% after Cowen analyst Colby Synesael downgraded the stock to Market Perform from Outperform. INDEXES: The Dow rose 190.85, or 0.68%, to 28,066.47, the Nasdaq gained 112.60, or 1.32%, to 8,632.49, and the S&P 500 advanced 23.35, or 0.75%, to 3,133.64. Symbols: $LVMUY $TIF $SCHW $AMTD $MDCO $NVS $EBAY $UBER $TEVA $FB $TWTR $GOOG $GOOGL $ARWR $SRNE $BCRX $KL $GTT Source: (thefly.com) Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page.