Market Movers

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 […]

Wizz Air Reports Surge in Passenger Traffic in December, Extending Year-Long Trend

Wizz Air (WIZZ.L), the largest low-cost airline in central and eastern Europe, reported an 18% year-on-year surge in passenger numbers in December early on Thursday, extending a trend seen in earlier months of 2018. The increase in traffic came as the carrier announced 14 new routes to and from the UK, Bulgaria, Poland, and Romania in December, according to a […]

FDA Expands Bristol-Myers Squibb’s Dasatinib Tablets to Pediatric Patients

Bristol-Myers Squibb Co. (BMY) said the US Food and Drug Administration has expanded the indication for its Sprycel (dasatinib) tablets to include the treatment of pediatric patients one year of age and older with newly diagnosed Philadelphia chromosome-positive (Ph+) acute lymphoblastic leukemia (ALL) in combination with chemotherapy. Sprycel is the only second-generation tyrosine kinase inhibitor approved for this patient population, […]

Chipotle Mexican Grill Launches New Lifestyle Bowls for New Year’s Resolutions

Chipotle Mexican Grill (CMG) on Wednesday launched a new collection of Lifestyle Bowls that includes a Paleo Salad Bowl, Keto Salad Bowl, Whole30 Salad Bowl and Double Protein Bowl, all only available through the restaurant’s mobile app and on its official website for in-store pickup or delivery. The company said the new Lifestyle Bowls are released in time for New […]

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 […]