Procter & Gamble Launches PantoneLIVE and 2 Other Dow Movers to Watch
Procter & Gamble (NYSE:PG): Current price $78.80
X-Rite and Pantone report that Procter & Gamble has implemented PantoneLIVE, which is a cloud-based color service, to enhance operational efficiency in packaging execution. Since color is so importantly linked with brand equity, maintaining color consistency on product packaging is crucial for brand recognition and ensuring consumer confidence and satisfaction.
Merck & Co. (NYSE:MRK): Current price $47.10
On Wednesday, Merck’s experimental insomnia drug moved one step nearer FDA approval, after a panel of medical experts pronounced it effective and safe at lower doses. The advisory panel assisted the FDA in its decision whether or not to clear the drug, suvorexant, which would represent the first in a new class of sedatives that block chemicals in the brain called orexins that help keep persons awake. The drugs were created to help people fall asleep and stay asleep. On Monday, the FDA’s internal reviewers released a report expressing some fears regarding suvorexant’s potential to lead to next-day sleepiness and impaired driving, requesting the committee to consider whether patients should be started at a lower dose than that recommended by Merck.
The Boeing Company (NYSE:BA): Current price $99.63
Boeing won three new contracts in the of Defense Department’s most recent issuance of defense contracting awards on Wednesday. Specifically, the aerospace giant was awarded $11.8 million in the form of an option exercise on a cost-plus-incentive-fee contract previously awarded to its Insitu drone-building subsidiary. This option allows Insitu to provide one Low Rate Initial Production land-based, small tactical unmanned aircraft system, alongside associated testing and logistical support. The new drone will be delivered to the United States Navy by May of next year. Also, Boeing won a $14.3 million contract as an add-on to a previously-awarded firm-fixed-price, foreign military sales contract to provide Apache Block III aircraft and associated parts and services to the government of Saudi Arabia. Finally, the company won a significantly bigger $69.2 million award that alters a related foreign-military-sales contract, again for the supply of Apaches and associated parts and services to the Saudis.
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