Stock Market & Financial Investment News

News Breaks October 22, 2012 07:25 EDT SRPT, GSK Sarepta may have advantage on safety, says JMP Securities After an FDA panel voiced safety concerns about Kynamro, a PS-ASO drug, JMP Securities believes that these concerns could affect Sarepta's competitor in Duchene Muscular Dystrophy, GlaxoSmithKline's (GSK) PRO051. The firm notes that Sarepta's drug isn't a PS-ASO, and it reiterates an Outperform rating on Sarepta. News For SRPT;GSK From The Last 14 Days Check below for free stories on SRPT;GSK the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 16, 2013 07:29 EDT SRPT Leerink to host a bus tour Boston Biopharma Bus Tour travels throughout Boston on May 16-17. May 14, 2013 07:24 EDT GSK EBD Group to host a conference BioTrinity 2013 is being held in Newbury, England on May 14-16. May 13, 2013 16:25 EDT GSK On The Fly: Closing Wrap Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77. 12:20 EDT GSK On The Fly: Midday Wrap Subscribe for More Information 05:44 EDT GSK Elan provides additional information on Elan/Theravance agreement Subscribe for More Information 05:35 EDT GSK Theravance, Elan enter into $1B royalty participation agreement Subscribe for More Information May 10, 2013 12:42 EDT GSK GlaxoSmithKline, Theravance confirm FDA approval of Breo Ellipta Subscribe for More Information 11:48 EDT GSK Drugmakers to face pressure on U.S. prices, Reuters says Subscribe for More Information 11:15 EDT GSK FDA approves Breo Ellipta to treat chronic obstructive pulmonary disease Subscribe for More Information 06:53 EDT GSK GlaxoSmithKline, Merck to discount cancer vaccine in poor nations, NY Times says Subscribe for More Information May 9, 2013 12:21 EDT SRPT Sarepta climbs after saying documents to be submitted this month Subscribe for More Information 07:29 EDT SRPT Sarepta reports Q1 EPS (41c), consensus (62c) Reports Q1 revenue $4.5M, consensus $5.85M. May 7, 2013 13:15 EDT SRPT Options with increasing implied volatility: CVRR SRPT PGH TWO GDI HNZ Subscribe for More Information 08:59 EDT SRPT Sarepta initiates dosing in Phase I study of Marburg virus treatment Subscribe for More Information May 6, 2013 07:49 EDT GSK Bernstein's global pharmaceuticals analyst has analyst/industry conference call Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.