Foundation Medicine Surges 95%, Energy Drives Stocks to Drop

U.S. markets slipped once again on Monday on falling oil prices. Crude oil fell $2.29 a barrel but settled off its low of the day. Energy giants, Chevron (CVX) and Exxon Mobil (XOM) were the blue chips' worst performers. Merger Monday drove drug stocks higher. NPS Pharmaceuticals (NPSP) gained more than 8% after Irish drugmaker Shire said it would buy it for $5.2 billion. But on the deals front, Foundation Medicine (FMI) shareholders were the biggest winners. The stock shot up more than 95% after Switzerland-based Roche announced it will acquire a majority stake in the company, worth about $1 billion.