Articles written by: Marlo Holden

MyoKardia Regains Rights to Cardiomyopathy Drug Candidates as Sanofi Deal Ends; Wedbush Raises Target

MyoKardia’s (MYOK) shares tumbled on Wednesday as it said Sanofi (SNY) isn’t extending a collaboration agreement, but Wedbush Securities raised its price target on the biopharmaceutical firm as it said its economic opportunity is increasing. The company said it now has the global rights to all programs in its portfolio, including leading clinical-stage candidates mavacamten and MYK-491. MyoKardia and Paris-based […]

Goldman Sachs Cuts Apple PT To $140 vs $180

Apple (AAPL) shares slid 8.9% during Thursday’s pre-market session as Goldman Sachs (GS) reduced its 12-month price target on the digital devices maker from $182 to $140 due to its more “cautious outlook.” Apple late Wednesday cut the midpoint of its Q1 revenue outlook by 8% to about $84 billion, well below the analyst consensus of $91.4 billion on Capital […]

Bond Prices Make Late Jump Higher; Curve Flattened — 10-Year 2.661%

US Treasury prices jumped higher late Wednesday, cracking through to close at new session highs with the 10-year chasing behind and closing the gap with the leading long bond. The two- and five-year yield spreads closed on an inverted slope. The market has a batch of data Thursday, but all numbers will be overshadowed by Friday’s December employment report. “Whisper […]

Energy Transfer Misses Year-End Deadline to Plant Trees Along Dakota Access Pipeline

Energy Transfer (ET), developer of the Dakota Access oil pipeline, failed to meet the year-end deadline to plant 20,000 trees in county soil conservation districts along the pipeline’s 359-mile route in North Dakota, Associated Press reported. Texas-based Energy Transfer Partners (ETP), which built the $3.8 billion pipeline that moves North Dakota oil to Illinois, is falling back on a provision […]