Futures rebound from Friday drop, pending home sales on tap

U.S. stock index futures rose on Monday, rebounding from sharp losses on Friday, boosted by merger and acquisition activity in the pharmaceuticals sector. * U.S. drugmaker Pfizer Inc (PFE.N) is working on its next move in a potential $100 billion bid to take over Britain's AstraZeneca Plc (AZN.L) after having two bids rejected. * Pfizer made a 58.8 billion pounds ($98.9 billion) bid to AstraZeneca in January and said it had contacted its British rival again on April 26 to further discuss a takeover, which would be one of the biggest ever in the pharmaceuticals industry. * In earnings, Charter Communications Inc (CHTR.O) reported a 15 percent jump in first-quarter revenue due to a rise in the number of residential video subscribers.

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