Nokia Shareholders Nod to Microsoft Deal and 2 Other Hot Stocks to Watch
Nokia Corp. (NYSE:NOK): Current price $7.82
There was no surprise as Nokia shareholders okayed the sale of the firm’s devices and services unit to Microsoft Corp. The group convened Tuesday morning in Helsinki to give its official show of confidence as to the $7.35 billion transaction, which is comprised not only devices, but of Nokia’s mapping service as well.
Pfizer Inc. (NYSE:PFE): Current price $31.85
Pfizer announced Tuesday that the FDA has cleared the supplemental new drug application for Xeljanz (tofacitinib citrate) to include additional patient-reported outcomes data in the label. These additional data show improvement in patients receiving Xeljanz based on health-related outcome measures reported by patients, including role emotional, vitality, physical function, bodily pain, social function, mental health, role physical, and general health, which comprise the eight domains of the Medical Outcomes Study Short-Form (36-Item) Health Survey (SF-36).
Xeljanz 5 mg twice-daily was okayed by the FDA in November 2012 for the treatment of adults having moderately to severely active rheumatoid arthritis, who have had an inadequate response or intolerance to methotrexate, and is the first approved RA treatment in the United States in a new class of medicines known as Janus kinase inhibitors.
Advanced Micro Devices Inc. (NYSE: AMD): Current price $3.39
AMD said Tuesday announced that it was chosen for an award of $3.1 million for a research project linked with the Department of Energy Extreme-Scale Computing Research and Development Program, known as DesignForward. The award represents an expansion of work begun as part of another two-year award that AMD received in 2012 named FastForward. This award intends to step up the research and development of processor and memory technologies required to support extreme-scale computing. The DesignForward award supports the research of the interconnect architectures and technologies needed to support the data transfer capabilities in extreme-scale computing environments.
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