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APG Asset Management N.V. Trims Stock Position in Bristol Myers Squibb Company $BMY
APG Asset Management N.V. reduced its stake in Bristol Myers Squibb (NYSE:BMY) by 27.3% in Q3 2025, selling over half a million shares. Despite this, positive Phase III trial results for izalontamab brengitecan in breast cancer have boosted sentiment, potentially adding over $8 billion in long-term revenue. Bristol Myers Squibb missed EPS expectations but beat revenue forecasts, setting FY2026 guidance and raising its quarterly dividend.