4 DJIA Heavyweights Moving Markets
The Dow is down 0.62 percent Thursday and currently stands at 13,186. Suspense concerning Friday’s employment data could be the cause.
Bank of America Corporation (NYSE:BAC): Rivals of Wells Fargo & Co. (NYSE:WFC) reduced their activities in mortgages following a combined loss of more than $65 billion, leaving the bank with the largest market share ever recorded in that sector, according to a Bloomberg report.
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JPMorgan Chase & Co. (NYSE:JPM) intends to invest in up to 29.96 percent of Technicolor (TCLRY), to help the latter reduce its debt and move ahead with its turnaround plan, says a Reuters report.
Pfizer Inc. (NYSE:PFE): According to Silence Therapeutics Plc, its partner Quark Pharmaceuticals intends to modify its current exclusive Licensing Agreement with Pfizer, which will allow Quark to perform a Phase 2a clinical evaluation to assess the effect of PF-655 in a new indication, looking at visual function in patients with moderate and advanced Open-Angle Glaucoma. The drug incorporates Silence’s AtuRNAi technology and was sub-licensed to Pfizer by Quark in 2006. Silence is entitled to receive a share of milestones and royalties earned by Quark in the future on this compound. The aforementioned study will be conducted in parallel with a Phase 2b study of PF-655 in diabetic macular oedema.
Wal-Mart Stores Inc. (NYSE:WMT): Canda’s investments in price cutting and getting its products to market on time, is helping take market share from Loblaw Companies, says the Globe and Mail.
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