July 7, 2015 / 12:36 PM / in 2 years

BUZZ-U.S. STOCKS ON THE MOVE-Prima BioMed, Shake Shack, Denison

(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. stock index futures were little changed on Tuesday ahead of a euro zone leaders summit at which Greece will bring a proposal in a last-ditch bid to secure an aid package to keep the country in the currency club. Dow Jones industrial average futures were up 0.10 percent at 17,644, S&P 500 futures were up 0.15 percent at 2,067.5 and Nasdaq 100 futures were down 0.01 percent at 4,422.25.

** PRIMA BIOMED LTD, Monday close $1.1916, +43.50 pct premarket

The Australian immuno-oncology company said it received positive “scientific advice” from the European Medicines Agency (EMA) on development for its lead product, IMP321, in breast cancer.

** ADVANCED MICRO DEVICES INC, Monday close $2.47, -16.60 pct premarket

The chipmaker lowered its revenue estimate for the second quarter, below analysts’ average estimate, saying demand for personal computers was weaker than expected.

At least eight brokerages cut their PT on AMD’s stock, citing pressure on the company from weak PC demand and tough competition, according to Thomson Reuters data.

** HORIZON PHARMA PLC, Monday close $34.54, +1.48 pct premarket

** DEPOMED INC, Monday close $20.64

Ireland-based Horizon Pharma said it offered to buy Depomed for about $3 billion, taking its bid hostile after the smaller drugmaker refused to start talks and rejected the proposal first made in May.

** SHAKE SHACK INC, Monday close $59, -5.78 pct premarket

Analysts at Morgan Stanley cut their rating on the stock to “underweight,” according to theflyonthewall.com.

** MONSANTO CO, Monday close $107.7

** SYNGENTA AG, Monday close $83.28, +0.46 pct premarket

Monsanto Chief Executive Hugh Grant had held “very constructive” talks with Syngenta shareholders and reiterated to a Swiss newspaper it could raise its $45 billion offer for the Swiss group under certain conditions.

** WALT DISNEY CO, Monday close $115.7, +0.49 pct premarket

The “happiest place on Earth” will keep a special tax exemption in Anaheim, California, for 30 more years if the City Council approves the Walt Disney’s plan for a $1 billion-plus expansion of its theme park complex in the city.

** FACEBOOK INC, Monday close $87.55, +0.23 pct premarket

The company’s chief operating officer, Sheryl Sandberg, is taking a seat on the board of SurveyMonkey, the online polling company that was run by her late husband, Dave Goldberg.

** TERRAFORM POWER INC, Monday close $37.53, +3.54 pct premarket

** SUNEDISON INC, Monday close $28.96, +3.59 pct premarket

TerraForm Power, a unit of SunEdison, said it would buy 930 megawatt of wind farms in the United States and Canada from Invenergy Wind LLC for $2 billion.

** TEVA PHARMACEUTICAL INDUSTRIES LTD, Monday close $61.66, +0.57 pct premarket

** MYLAN NV, Monday close $70.75, +0.14 pct premarket

Teva is preparing to raise its bid for rival drugmaker Mylan by as much as $2 billion, to $43 billion, Bloomberg reported on Monday, citing people familiar with the matter.

** ASTRAZENECA PLC, Monday close $65.12, -0.26 pct premarket

AstraZeneca has agreed to pay $46.5 million and Cephalon Inc $7.5 million to resolve allegations that the two drug companies underpaid rebates owed under the Medicaid program, the U.S. Justice Department said on Monday.

** GRUPO TELEVISA SAB, Monday close $38.32, -2.24 pct premarket

Mexican broadcaster Televisa, the world’s biggest producer of Spanish-language television content, on Monday reported a 40 percent fall in its second-quarter profit as its financial costs rose.

** TOYOTA MOTOR CORP, Monday close $132.73

Tokyo prosecutors plan to release former Toyota Motor executive Julie Hamp from custody after she was arrested last month on suspicion of illegally importing the painkiller Oxycodone into Japan, Kyodo News reported on Tuesday.

** STARBUCKS CORP, Monday close $54.305, +0.36 pct premarket

The company said it would raise prices for some of its coffee beverages by 5-20 cents in the United States from Tuesday.

** LULULEMON ATHLETICA INC, Monday close $64.3

Kit and Ace, a Canadian retail start-up backed by the billionaire family behind Lululemon Athletica, has opened its first overseas location, but has no plans to take the business public, its co-founder said on Monday.

** PETROLEO BRASILEIRO SA, Monday close $8.2, -1.83 pct premarket

The Brazilian state-run company must pay the government about 350 million reais ($112 million) more in royalties each quarter for oil produced in seven offshore fields under an arbitration ruling, the company said on Monday.

** DENISON MINES CORP, Monday close $0.6999, -5.69 pct premarket

Denison Mines on Monday agreed to buy competitor Fission Uranium Corp for around C$483 million ($382 million), creating a diversified Canadian uranium company with projects centered on the Northern Saskatchewan region.

** ENSCO PLC, Monday close $21.02

The offshore oil driller said on Monday it has found no evidence of wrongdoing by its employees or other representatives in a regular compliance review of operations in Brazil. (Compiled by Anet Josline Pinto in Bengaluru; Edited by Maju Samuel)

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