New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For MRK;PFE;GSK;JNJ;BMY;NVS;SHPG;ABT;CELG;SNY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 >>
February 3, 2016
07:23 EDTGSKGlaxoSmithKline confirms 2015 ordinary dividend of 80p, special dividend of 20p
Subscribe for More Information
07:23 EDTGSKGlaxoSmithKline sees double digits CER FY16 core EPS percentage growth
If FX rates held at January average levels estimated impact of +5% on 2016 Sterling core EPS growth.
07:21 EDTGSKGlaxoSmithKline reports Q4 EPS (7.3p) vs. 21.5p last year
Subscribe for More Information
06:48 EDTMRKMerck sees FY16 non-GAAP marketing and administrative expenses below 2015 levels
Subscribe for More Information
06:48 EDTMRKMerck reports Q4 Animal Health sales $830M
06:47 EDTMRKMerck reports Q4 Januvia/Janumet sales $1.45B
Subscribe for More Information
06:46 EDTMRKMerck sees FY16 non-GAAP EPS $3.60-$3.75, consensus $3.72
Subscribe for More Information
06:46 EDTMRKMerck reports Q4 non-GAAP EPS 93c, consensus 91c
Reports Q4 revenue $10.22B, consensus $10.35B.
06:13 EDTPFEPfizer insists Allergan deal won't be thwarted by U.S. politicians, FT says
Pfizer (PFE) has insisted that its $160B acquisition of Allergan (AGN) will not be stifled by political opposition, amid criticism that the deal will cost the U.S. Treasury billions of dollars in future tax revenues, the Financial Times reports. Pfizer CEO Ian Read also reiterated his intention to postpone until 2018 a decision on whether to break of the combined entity into two or three smaller companies, but has said that he would be open to offers for its generics unit, the report says. Mylan (MYL) has been connected to a potential acquisition of Pfizer's generic drugs business after it failed in its attempt to buy Perrigo (PRGO) last year, the report says. Reference Link
February 2, 2016
14:32 EDTMRKNotable companies reporting before tomorrow's open
Subscribe for More Information
13:54 EDTMRKMerck technical comments ahead of earnings news
Subscribe for More Information
13:35 EDTMRK, BMYEarnings Watch: Merck down over 5% since last earnings report
Subscribe for More Information
12:03 EDTPFEOn The Fly: Top stock stories at midday
Wall Street began the session in negative territory and the averages have remained there throughout the day as oil once again weighs on stocks. The price of oil has slid another 4%, giving the commodity a roughly 10% loss over the past two trading sessions. The market's late day rally yesterday gave hope for a decoupling between equities and oil prices, but that appears to be a one day reprieve as the stocks are back in lock-step with crude prices. ECONOMIC EVENTS: In the U.S., the economic calendar was quiet. In Europe, statistics agency Eurostat reported that unemployment across the eurozone decreased by 49,000 to a total of 16.75M in December dropping the unemployment rate to its lowest since September 2011 at 10.4%. In central bank news, the Reserve Bank of Australia and Reserve Bank of India both held their benchmark interest rates steady, as expected. COMPANY NEWS: Class A shares of Alphabet (GOOGL) advanced 5% in the wake of its report of better than expected quarterly earnings and revenue, pushing Google's parent company to overtake Apple (AAPL) as the world's most valuable publicly-traded company in the process... Exxon Mobil (XOM) reported better than expected revenue and profits in the fourth quarter, but its shares slid 2.5% amid the renewed weakness in oil prices. Shares of fellow oil major BP (BP) plunged 8% in New York trading after reporting a steep quarterly loss, largely due to $2.6B in charges related to impairments of Upstream assets as well as restructuring... Pfizer (PFE) reported better than expected fourth quarter results, but forecast 2016 revenue and earnings below analysts' estimates, pushing its shares down fractionally. MAJOR MOVERS: Among the notable gainers was Syngenta (SYT), which rallied 4.5% after Bloomberg reported that ChemChina was close to a deal to buy the company for nearly $43B. Also higher were Mattel (MAT), Michael Kors (KORS), and Fabrinet (FN), which gained 12%, 22%, and 12.5%, respectively, after reporting quarterly earnings. Among the noteworthy losers was Twitter (TWTR), which fell 8% after it was downgraded to Sell at Stifel and following a report claimed that tweets on the service are down 50% from their peak. Also lower were AGCO (AGCO), Harris (HRS), and Pitney Bowes (PBI), which were down 10%, 9.5%, and 11%, respectively, after reporting quarterly earnings. In addition, Ford (F) and General Motors (GM) lost 4% and 3.6%, respectively, after reporting U.S. sales for the month of January. INDEXES: Near midday, the Dow was down 239.86, or 1.46%, to 16,209.32, the Nasdaq was down 64.83, or 1.4%, to 4,555.54, and the S&P 500 was down 27.87, or 1.44%, to 1,911.51.
11:14 EDTNVSNovartis management to meet with Jefferies
Subscribe for More Information
11:10 EDTPFEPiper says buy Axovant on today's Pfizer-related selloff
Piper Jaffray analyst Charles Duncan calls the pullback in shares of Axovant Sciences (AXON) after Pfizer (PFE) announced the discontinuation of its 5-HT6 antagonist program in Alzheimer's a buying opportunity. Axovant's RVT-101 has "clear differences" to Pfizer's program on potency, clinical trial design and patient enrollment criteria, Duncan tells investors in an intraday research note. The analyst views clinical read-through between the two programs as minimal and does not believe the probability of RVT-101 success is compromised by Pfizer's news. He reiterates an Overweight rating on Axovant with a $23 price target. The stock Is down 27%, or $4.51, to $12.14 in late morning trading.
11:09 EDTSNYSanofi plans to cut 600 jobs in France over three years, Bloomberg reports
Subscribe for More Information
10:59 EDTPFEPfizer CEO confident Allergan deal can close in second half
Subscribe for More Information
09:46 EDTBMY, PFE, SHPGIntercept rumored to draw interest from many suitors, Daily Mail says
Subscribe for More Information
08:53 EDTJNJ, CELG, BMYPiper Jaffray biopharma analyst holds an analyst/industry conference call
Subscribe for More Information
08:49 EDTPFEAxovant tumbles after Pfizer halts Alzheimer's study
Shares of clinical-stage drug company Axovant Sciences (AXON) are tumbling in pre-market trading after it came to light that a larger competitor halted its own study of a potential Alzheimer's disease treatment since the drug did not appear to have its intended effect in a clinical study. WHAT'S NEW: According to a post to the U.S. National Institutes of Health's ClinicalTrials.gov, Pfizer terminated its Phase 2 study evaluating the safety and efficacy of PF-05212377 in subjects with Alzheimer's disease with existing neuropsychiatric symptoms on donepezil. "The study was terminated October 23, 2015 as pre-specified, interim analysis futility criteria were met. The termination was not due to safety concerns," the site, which was last updated on January 29, stated. WHAT'S NOTABLE: Axovant's own experimental Alzheimer's therapy, RVT-101, is an orally administered, potent antagonist of the 5-hydroxytryptamine 6 serotonin receptors in the brain, which is a similar mechanism of action to Pfizer's drug candidate. RVT-101 is currently in Phase 3 trials. PRICE ACTION: In pre-market trading, Axovant shares fell $2.68, or 16%, to about $14 per share.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use