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06:29 EDTGILD, ESRX, ABBV, JNJ, ENTAGilead drops 4% after Express Scripts picks AbbVie for hepatitis C
Shares of Gilead (GILD) are moving lower in pre-market trading after Express Scripts (ESRX) spokesman Brian Henry told CNBC's Meg Tirrell and other news outlets that the pharmacy benefits manger will exclusively offer AbbVie's (ABBV) recently approved hepatitis C regimen Viekira Pak at a "significant discount" starting Jan. 1. Express Scripts will no longer offer competing drugs from Gilead and Johnson & Johnson (JNJ). Shares of AbbVie are rising 6% to $71.50 in pre-market trading while Gilead is down 4% to $104.15. AbbVie discovered part of the Viekira Pak regimen via its ongoing collaboration with Enanta Pharmaceuticals (ENTA). Shares of Enanta are up 7% to $49.96 in pre-open trading.
06:28 EDTSSNLFSamsung to discontinue ChatON chat service, WSJ reports
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06:28 EDTSTRZAStarz initiated with a Sector Perform at Pacific Crest
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06:27 EDTAMCXAMC Networks initiated with an Outperform at Pacific Crest
Target $75.
06:27 EDTTWXTime Warner initiated with an Outperform at Pacific Crest
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06:26 EDTDISCADiscovery initiated with a Sector Perform at Pacific Crest
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06:26 EDTSNIScripps Networks initiated with a Sector Perform at Pacific Crest
06:24 EDTCHLChina Mobile expects 250M TD-LTE users by 2015-end, DigiTimes says
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06:24 EDTGOOGGoogle seeking partners for autonomous-vehicle project, WSJ reports
Chris Urmson, the head of Google’s autonomous-vehicle project, told The Wall Street Journal that the company is looking for auto industry partners to bring its vision of a self-driving car to market within five years. In the meantime, Urmson said his team is working with automotive suppliers to build "beta one" prototype Google cars, which will begin on-road testing in 2015. Reference Link
06:22 EDTAAPLApple prepares for MacBook Air, Watch production, DigiTimes reports
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06:22 EDTCMCSA, CMCSK, DIS, FOX, FOXAHulu signs agreement with FX productions
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06:21 EDTAAPLBBC documentary accuses Apple of violating labor laws, WSJ reports
A BBC documentary has accused Apple suppliers of violating labor laws, reports the Wall Street Journal. In a documentary that aired this week, the BBC said undercover reporters found that Taiwan’s Pegatron, which makes some iPhones, was violating Apple’s guidelines by mandating overtime for workers, requiring workers to attend meetings without pay and forcing workers to live in overcrowded dormitories. The documentary also provided evidence that tin from illegal mines in Indonesia could be making its way into Apple’s supply chain. Reference Link
06:20 EDTRDUSRadius Health to host conference call
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06:19 EDTYHOOYahoo to remove Creative Commons-licensed images from Flickr Wall Art
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06:17 EDTTSMChang: TSMC needs long-term perspective for China, DigiTimes reports
TSMC Chairman Morris Chang said the company has to develop a long-term perspective about investing in China, reports DigiTimes. Chang said TSMC is still immature at this stage in making further investments, calling it a "sticks and carrots" strategy for international firms. Reference Link
06:16 EDTAMSCAMSC initiated with an Outperform at Cowen
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06:14 EDTJMBAJamba to reduce workforce by 23 employees in California
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06:13 EDTCOHCoach initiated with a Neutral at Mizuho
Target $34.
06:13 EDTKORSMichael Kors initiated with a Neutral at Mizuho
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06:13 EDTHLFHerbalife asked to stop airing video claiming FDA approval, NY Post reports
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