Will This Stock's Pain Be Medicare's Gain?
The stock market has finally gotten some upward momentum, and Wall Street tried to carry it further into Wednesday's premarket session. S&P 500 (SNPINDEX: ^GSPC) futures had picked up 5 points to 4,710, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had risen 35 points to 15,866. Biogen (NASDAQ: BIIB) was particularly noteworthy, because news about its treatment for Alzheimer's disease is setting up a potential financial battle between the biotech stock and the U.S. government's Medicare program.