4 Dow Spotlight Stocks in Focus
The Walt Disney Company (NYSE:DIS): Attorneys for Disney’s ABC News have requested that a judge throw out a $1 billion defamation suit filed by Beef Products Inc. in regards to “pink slime,” which is a meat product, according to The Associated Press. The lawyers maintain that ABC News did not knowingly disparage the firm or its product.
Home Depot (NYSE:HD), Wal-Mart Stores (NYSE:WMT), and Lowe’s (NYSE:LOW) took to selling opportunities created by the storm, as consumers with flooded homes and damaged roofs crowded the stores seeking building materials, food and other necessities, says the Wall Street Journal. Generators were said to be much in demend.
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Johnson & Johnson’s (NYSE:JNJ) Janssen Pharmaceuticals has entered into a non-exclusive collaboration arrangement with Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) in a Phase 2 study of the safety and efficacy of an all-oral regimen for the treatment of hepatitis C, or HCV. The regimen includes both Janssen’s investigational protease inhibitor simeprevir, or TMC435, and Vertex’s investigational nucleotide analogue HCV polymerase inhibitor, VX-135. Initially, Janssen will conduct a drug-drug interaction, or DDI, study with simeprevir and VX-135, which will support the beginning of the Phase 2 study early next year pending talks with regulatory authorities. The aim of the Phase 2 study is to evaluate the safety, tolerability and viral cure rates of a 12-week regimen of simeprevir and VX-135, administered both with and without ribavirin, in treatment-naive patients who suffer from chronic non-cirrhotic genotype 1 HCV. The firms will jointly fund development costs associated with the collaboration, and there will be no up-front or milestone payments associated with the colaboration.
JPMorgan Chase & Co. (NYSE:JPM) Wells Fargo & Co. (NYSE:WFC) and Citigroup (NYSE:C) are automatically waiving fees for their customers who were impacted by the storm, but Bank of America Corporation (NYSE:BAC) will not, according to the Wall Street Journal. BofA says that customers can qualify for the waiver of some fees, but they must go into a branch or contact the company through an 800 number first.