Financial Markets

ContraVir Pharmaceuticals Stock Jumps on Positive Results From Hepatitis B-Drug Trial

ContraVir Pharmaceuticals Inc (CTRV) stock jumped almost 28% after the company presented positive interim data for CMX157, an equivalent to tenofovir, to treat hepatitis B. The head-to-head study is the first evaluation of CMX157 in HBV patients, and directly compares CMX157 to Gilead’s (GILD) tenofovir disoproxil fumarate, known as Viread.Read More

Superior Drilling Products Up 4% – Says Distribution Partner Drilling Tools Exceeds Minimum Order Requirement

Superior Drilling Products (SDPI,) a designer and manufacturer of drilling tools, said late Monday that its distribution partner, Drilling Tools International exceeded its minimum requirement for tool orders of $2 million. The initial distribution agreement signed in May 2016 required a minimum order of $1.5 million of Drill-N-Ream tools byRead More

Royal Dutch Shell Signs Petrochemical Cooperation Accord With Iran

Royal Dutch Shell (RDS.A, RDS.B) has signed a preliminary memorandum of understanding with Iran’s National Petrochemical Company to cooperate in the petrochemical industry, Reuters cited the Iranian oil ministry’s news agency SHANA as saying on Monday. ‘We believe that we can have joint projects in the petrochemical field with theRead More

Oil Prices Advance Pre-Bell; WTI Trades Above $50 Per Barrel

West Texas Intermediate (WTI) crude oil futures for delivery in November were 1.3% higher at $50.45 per barrel during Monday’s pre-market trading session while Brent crude futures for delivery in December were 1.3% higher at $52.62 per barrel. The pre-bell price gains come despite a slight rise in the valueRead More

Gas Natural Rallies 70% on Sale to First Reserve For $13.10 A Share

Gas Natural (EGAS), which operate utilities for 68,000 customers in four U.S. states, Monday reported a $13.10 a share merger agreement with energy-infrastructure investor First Reserve. The sale price was 70.6% above Gas Natural’s Friday close. Shares of Gas Natural are 70% higher in Monday’s premarket trading. The sale priceRead More

Deutsche Bank Needs to Show Business Model Is Viable in Low Rate Environment, IMF Official Says

Deutsche Bank AG (DB) needs to demonstrate to investors that its business model is viable in a low rate environment amid concern about the lender’s financial resilience, Reuters reported on Wednesday, citing an IMF official. “Deutsche Bank … is among banks that need to continue to adjust to convince investorsRead More