BUZZ-U.S. STOCKS ON THE MOVE-Chimerix, Freeport-McMoRan, pSivida
(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) Wall Street began the last trading week of the year in the red, dragged down by energy stocks, as oil prices resumed a slide brought on by a global oversupply. The Dow Jones industrial average was down 0.51 percent at 17,462.32, the S&P 500 was down 0.64 percent at 2,047.79 and the Nasdaq Composite was down 0.67 percent at 5,014.714.
** CHIMERIX INC, $7.4, -79.20 pct
The drug developer said its oral antiviral drug for the treatment of a certain kind of infection in stem cell transplant patients did not meet the main goal in a late-stage study.
** ICONIX BRAND GROUP INC, $5.705, -23.42 pct
The owner of Umbro and Lee Cooper brands said it received an order of investigation from the Staff of the Securities and Exchange Commission related to the accounting for the formation of certain joint ventures.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $104.23, -8.66 pct Continued...