(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks rallied more than 1 percent on Monday, with biotech stocks among the most active names amid a number of major deals in the space. Dow Jones industrial average futures were up 1.50 percent at 17,890, S&P 500 futures were up 1.06 percent at 2,074.25 and Nasdaq 100 futures were up 0.89 percent at 4,364.25.
** MYLAN NV, $59.25, -3.86 pct
The generic drugmaker said shareholder Abbott Laboratories would sell about a third of its stake, or 35 million shares, through a secondary share offering.
** GNC HOLDINGS INC, $49.41, +7.32 pct
The herbal supplements maker said it restored certain dietary supplements to its stores in New York after reaching an agreement with the state’s attorney general that its products complied with Food and Drug Administration’s guidelines.
** INTEL CORP, $31.89, -0.34 pct
** ALTERA CORP, $42.3, -4.71 pct
Morgan Stanley and Macquarie Equities Research cut ratings on Altera’s stock after sources familiar with the matter told Reuters that Intel Corp would likely buy the company for more than $10 billion.
** DREAMWORKS ANIMATION SKG INC, $24.28, +7.05 pct
The animation film maker’s only movie released this year, “Home”, was the weekend’s top ticket seller and also eclipsed projections, raking in $54 million to become studio’s biggest debut since 2012’s “Madagascar 3: Europe’s Most Wanted”.
** SIBANYE GOLD LTD, $8.895, -2.25 pct
** YAMANA GOLD, $3.75, -2.09 pct
** ANGLOGOLD ASHANTI LTD, $9.63, -2.33 pct
** AGNICO EAGLE MINES LTD, $28.1, -2.60 pct
** BARRICK GOLD CORP, $11.21, -0.71 pct
** GOLDCORP INC, $18.28, -0.81 pct
** ELDORADO GOLD CORP, $4.715, -2.98 pct
** COEUR MINING INC, $4.91, -2.58 pct
** NEWMONT MINING CORP, $22.14, -0.40 pct
Gold and silver miner’s shares fell after gold and silver prices fell as the dollar climbed on increasing prospects that the Federal Reserve may start raising interest rates gradually this year.
** CYPRESS ENERGY PARTNERS LP, $15, -11.45 pct
** PENN VIRGINIA CORP, $6.77, -3.84 pct
** C&J ENERGY SERVICES INC, $11.62, -2.52 pct
** WALTER ENERGY INC, $0.7172, -0.38 pct
** APPROACH RESOURCES INC, $6.67, -5.26 pct
** VAALCO ENERGY INC, $3.11, -3.42 pct
Oil and gas companies’ shares fell after oil prices declined on news of possible deal over Tehran’s nuclear program that could bring an end to sanctions and allow an increase in Iranian oil exports.
** CHINANET ONLINE HOLDINGS INC, $1.6888, +11.84 pct
The advertising company said it had partnered with Baidu Inc to cross-sell branded services. ChinaNet would resell any service related to Baidu’s mobile platform for enterprises, ‘Baidu Direct Reach’, while Baidu would use ChinaNet’s mobile-based marketing service, Business Direct 3.O.
** MORGAN STANLEY, $36.44, +1.70 pct
The bank has agreed to sell a compressed natural gas business, Wentworth, that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter.
** CELLULAR DYNAMICS INTERNATIONAL INC, $16.49, +107.68 pct
Japan’s Fujifilm Holdings Corp said on Monday it has agreed to acquire U.S. biotechnology firm Cellular Dynamics International Inc (CDI) for $307 million.
** HORIZON PHARMA PLC, $25.07, +14.95 pct
** HYPERION THERAPEUTICS INC, $46.18, +8.05 pct
Ireland’s Horizon said it would buy the U.S. drugmaker for about $1.1 billion to add to boost its rare-disease drug business. Horizon will pay $46 per share, a premium of 7.6 percent to Hyperion’s Friday closing price.
** UNITEDHEALTH GROUP, $120.99, +2.53 pct
** CATAMARAN CORP, $59.935, +24.04 pct
Health insurer UnitedHealth’s unit OptumRx Corp agreed to buy pharmacy benefit manager Catamaran in a deal worth about $12.8 billion.
** BIODELIVERY SCIENCES INTERNATIONAL INC, $10.11, -27.21 pct
The drugmaker said its pain drug failed to meet the main goal of a late-stage study.
** TEVA PHARMACEUTICAL INDUSTRIES LTD, $64.01, +3.28 pct
** AUSPEX PHARMACEUTICALS INC, $100.515, +41.75 pct
Israel’s Teva said it would buy the U.S. drug developer for $3.5 billion to boost its portfolio of treatments for the central nervous system.
** HARVEST NATURAL RESOURCES INC, $0.442, -3.05 pct
The oil and gas producer, which is facing a severe cash crunch, said it was considering restructuring as a planned sale of its remaining Venezuelan assets was blocked by the local government
** ALCATEL LUCENT SA, $3.785, +2.30 pct
China Telecom, which was granted a full license to operate a nationwide, high-speed 4G network this month, named Alcatel Lucent as one of its top three suppliers for the rollout of 4G in 40 cities.
** FORTUNE BRANDS HOME & SECURITY, $46.75, +5.55 pct
** NORCRAFT COS INC, $25.5, +11.35 pct
Fortune Brands will acquire bathroom and kitchen cabinet maker Norcraft for $441.4 million. Fortune, which makes MasterBrand cabinets and Moen faucets, will pay $25.50 per share, a premium of 11.4 percent to Norcraft’s Friday closing price.
** EXXON MOBIL CORP, $85.37, +2.14 pct
Exxon is considering scaling up plans for a multibillion-dollar expansion of its Beaumont, Texas, oil refinery to make it one of the largest in the world, according to sources familiar with the plans.
** ADAMIS PHARMACEUTICALS CORP, $3.75, -30.43 pct
The United States Food and Drug Administration rejected Adamis’ injection for treating severe allergic reactions, the company said.
** E-HOUSE CHINA HOLDINGS LTD, $5.68, +5.97 pct
** LEJU HOLDINGS LTD, $8.49, +7.33 pct
** SOUFUN HOLDINGS LTD, $6.27, +5.20 pct
Shares of U.S.-listed Chinese real estate companies rose after China’s central bank eased lending policies for purchases of second homes. The People’s Bank of China said it would adjust the minimum down-payment for second home buyers and improve lending policies to promote “healthy development of the real estate market”.
** DOW CHEMICAL CO, $48.65, +1.86 pct
** OLIN CORP, $31.76, +2.45 pct
Dow will separate a portion of its century-old chlorine business and sell it to Olin in a tax-efficient deal worth $5 billion as part of efforts to shed low-margin assets.
** DUPONT, $72.73, +1.51 pct
Fidelity Investments, a major investor in DuPont, has put pressure on activist fund Trian Fund Management LP and the chemical conglomerate to reach a settlement in what it sees as a detrimental proxy fight, according to people close to the matter.
** FORD MOTOR CO, $16.185, +1.28 pct
The automaker plans to resurrect the Lincoln Continental as its top-of-the line luxury sedan, betting the classic name will help rebuild the brand’s image in the United States and China.
** CHEVRON CORP, $106.3, +1.94 pct
The U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7 billion ($3.7 billion) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins.
$1 = 1.2905 Australian dollars Compiled by Ramkumar Iyer in Bengaluru; Editing by Simon Jennings