Markets

Equities Jump as S&P 500, Nasdaq Hit Record Highs After Powell’s Upbeat Economic View

Equities Jump as S&P 500, Nasdaq Hit Record Highs After Powell’s Upbeat Economic View

Equities pushed higher on Friday with the Standard & Poor’s 500 and the Nasdaq Composite hitting new record highs after Federal Reserve Chairman Jerome Powell reiterated the outlook for “gradual” rate hikes and offered an upbeat view of the world’s biggest economy. The monetary policy boss said in the annual economic symposium in Jackson Hole, Wyoming that the US economy […]

Amazon’s Potential Move Into Data Center Switches Has Negative Consequences for Nokia

Amazon’s Potential Move Into Data Center Switches Has Negative Consequences for Nokia

JPMorgan said that Amazon’s (AMZN) AWS unit may move into data center switches which has negative consequences for Nokia’s foray into the enterprise market. According to The Information, AWS is considering selling its own networking switches to enterprise customers within the next 18 months. AWS is working with white-box manufacturers such as Celestica, Edgecore Networks and Delta Networks. AWS’ white’box […]

Dicerna Pharmaceuticals Doses First Patient with DCR-PHXC in Phase 1 Clinical Trial

Dicerna Pharmaceuticals Doses First Patient with DCR-PHXC in Phase 1 Clinical Trial

Dicerna Pharmaceuticals (DRNA) said Wednesday it has dosed the first primary hyperoxaluria (PH) patient with DCR-PHXC in a phase 1 clinical trial. DCR-PHXC is an investigational GalXC product candidate in development for the treatment of all forms of PH, a family of severe, rare, inherited disorders of the liver that often result in kidney failure. The company also announced that […]

Salesforce.com Price Target From RBC Boosted to $146 From $130

Salesforce.com Price Target From RBC Boosted to $146 From $130

Salesforce.com (CRM) received an increase to its price target from RBC Capital Markets after the customer-relations-management software company reported fiscal Q1 results above analysts’ expectations late Tuesday and increased its fiscal-year guidance even as its outlook for Q2 adjusted earnings per share missed the Street view. The new price target from RBC is $146 per share, up from $130. The […]

Kindred Biosciences Reports “Significantly Higher” Resolution Rates

Kindred Biosciences Reports “Significantly Higher” Resolution Rates

Kindred Biosciences (KIN) reported early Wednesday positive results from its pilot field effectiveness study of KIND-014 for the treatment of gastric ulcers in horses, with statistically significantly higher gastric ulcer resolution rates in all KIND-014 groups versus the placebo group. This study was a randomized, single-blind, placebo-controlled, dose-ranging study that enrolled 53 horses (40 horses in three KIND-014 groups with […]

Lilis Energy Sees Record Initial Production From Wolfcamp Well

Lilis Energy Sees Record Initial Production From Wolfcamp Well

Lilis Energy (LLEX), an exploration and development company, is up more than 5% in pre-market trading as the company said one of its wells reached record initial production. The company said its Hippo #2H is the highest recorded initial production, or IP, per 1,000 ft. the company has drilled to date in the Wolfcamp formation in the Permian basin and […]

Aclaris Therapeutics Gets US Patent for Treating Seborrheic Keratosis

Aclaris Therapeutics Gets US Patent for Treating Seborrheic Keratosis

Aclaris Therapeutics (ACRS), a developer of therapies for aesthetic and medical dermatology and immunology, said early Wednesday that it was granted a US patent for covering methods of treating seborrheic keratosis, using a stabilized hydrogen peroxide composition. The Orange Book-listed patent no. 9,980,983, issued by the US Patent and Trademark Office, will last until April 2035, subject to any term […]