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Inovio Pharmaceuticals Doses First Patient in MERS Vaccine Trial

Inovio Pharmaceuticals Doses First Patient in MERS Vaccine Trial

Inovio Pharmaceuticals (INO), a developer of DNA immunotherapies, Wednesday reported dosing of the first subject with its vaccine to prevent the deadly Middle East Respiratory Syndrome, or MERS virus, in a phase 1/2a study. Inovio said the trial is ongoing in South Korea sponsored by its Korean development partner for its MERS vaccine, the publicly held GeneOne Life Science. The […]

Helios and Matheson Crumbles To Record Low on Q2 Loss

Shares of Helios and Matheson Analytics (HMNY), the parent company of MoviePass, fell to a new all-time low of $0.03 in early Wednesday trading following the release of disappointing Q2 results in which the company said it has “substantial doubt” it can continue as a going concern. “Without raising additional capital, there is substantial doubt about the Company’s ability to […]

Equities Drop in US as Trade Tensions and Earnings Results Sink Sentiment

The benchmark US stock measures sank on Wednesday as downbeat earnings results and renewed trade tensions weighed on sentiment. Turkey’s move to hit back at the US by doubling tariffs on several imports ignited geopolitical jitters that had eased on Tuesday and allowed the Dow Jones Industrial Average and the Standard & Poor’s 500 to stem four-day losing streaks. Energy […]

US Crude Inventories Post Bigger Weekly Increase Than Expected

US crude stockpiles jumped by more than expected in the week, government data showed, adding to pressures on futures of the commodity which spiraled lower in Wednesday’s session. West Texas Intermediate, the main US variety, was down 3.7% to $64.57 a barrel at the time of writing, erasing all of the gains it made in July. Brent, the international standard, […]

Ameriprise Financial Services to Pay $4.5 Million SEC Penalty

Ameriprise Financial Services (AMP) will pay $4.5 million to settle charges made by the US Securities and Exchange Commission that it failed to protect investors’ cash from representatives of the company who committed “numerous fraudulent acts.” The regulator’s order said Ameriprise failed to have policies and procedures to prevent misappropriation of client funds by representatives of the company that offers […]

Wall Street Unnerved By Turkey

Stocks went back on the defensive and suffered outsized losses Wednesday when worries surrounding Turkey and its influence on emerging markets rattled global investors and drove the Dow Jones Industrial Average down by more than 300 points, its largest one-day loss in nearly two months. Investors ignored a rebound in the Turkish lira and bullish US economic data to focus […]

Canopy Growth Soars 29% as Constellation Brands Makes $3.8 Bln Strategic Investment in Company

Shares of Canopy Growth (CGC) surged by 29% intraday after the company and Constellation Brands (STZ) said Wednesday that they expanded their strategic partnership in a bid to position Canopy Growth as a global leader in cannabis production, branding, intellectual property and retailing. The alcoholic beverage company said that it will raise its ownership interest in Canopy Growth by acquiring […]

European Equity Benchmarks Close Sharply Lower; Mining, Automotive, Bank Stocks Saddle Markets

The broad-based major European indices closed lower in Wednesday trading as mining, automotive and bank stocks burdened the markets In economic news, the UK’s consumer prices index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.3% in July, unchanged from June 2018, while the consumer prices index (CPI) 12-month rate was 2.5% for the month, up from 2.4% […]

Sears Holdings Gets Offer From Lampert’s ESL Investments Valuing Kenmore at $400 Million

Sears Holdings Gets Offer From Lampert’s ESL Investments Valuing Kenmore at $400 Million

Sears Holdings (SHLD) received an offer for its Kenmore appliance brand and its home services division in a bid made by ESL Investments, the fund controlled by Sears Chief Executive Officer Edward Lampert. ESL is offering to buy Kenmore with an enterprise value of $400 million, and the home services branch known as SHIP for a cash-free, debt-free enterprise value […]