Pfizer Hopes For Expedited Review and 3 Dow Movers Sparking Chatter
Wal-Mart Stores (NYSE:WMT): Current price $68.12
The Wal-Mart chief executive was aware of the bribery allegations in 2005, say e-mails, according to CNBC.
Exxon Mobil Corporation (NYSE:XOM): Current price $88.89
Barclays Capital has reaffirmed its Equal Weight rating on Exxon Mobil with a price target of $93.
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Pfizer (NYSE:PFE): Current price $26.64
Pfizer might request an expedited review from the FDA for its treatment to slow a type of incurable breast cancer which is currently in Phase 2 trial, said Bloomberg, citing statements of Mikael Dolsten, head of worldwide research. At a JPMorgan conference, Dolsten that the firm has not yet reached a decision but is “obviously open to dialogues and advice from FDA and the European agencies regarding getting the drug to patients as soon as possible.”
Verizon Communications (NYSE:VZ): Current price $43.20
Chief Executive Shawn Strickland of Redbox Instant by Verizon, its movie streaming joint venture with Coinstar (NASDAQ:CSTR), said that Netflix (NASDAQ:NFLX) was incorrect to mandate a choice on consumers between streaming and physical media, reports GigaOM. Strickland said that the firm would endeavor to move the 30 to 50 percent of Redbox users who already subscribe to an over-the-top streaming service to Redbox Instant and he sees a place for DVDs “for some time to come.”
Investing Insights: Why Supervalu’s Earnings Don’t Matter.