6 Min Read
(Repeats to additional subscribers) (For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index e-mini futures rose on Monday: Dow Jones industrial average futures were up 0.39 percent at 16,544, S&P 500 futures were up 0.48 percent at 1,933 and Nasdaq 100 futures were up 0.59 percent at 3,896.5.
** MANNKIND CORP, Friday close $8.13, +25.46 pct premarket
French drugmaker Sanofi is betting on inhaled insulin as an alternative option to daily injections for diabetics by signing a worldwide licensing agreement with MannKind Corp worth up to $925 million.
** KINDER MORGAN INC, Friday close $36.12, +17.11 pct premarket
** KINDER MORGAN ENERGY PARTNERS LP, Friday close $80.34, +24.53 pct premarket
** KINDER MORGAN MANAGEMENT, Friday close $77.02, +34.06 pct premarket
** EL PASO PIPELINE PARTNERS, Friday close $33.6, +30.98 pct premarket
Top U.S. pipeline company Kinder Morgan Inc said it will put all its publicly traded units under one roof in a $70 billion deal, responding to investor concerns about its growth prospects and complicated financial structure.
The company said it would shed the tax-advantaged legal structure, the Master Limited Partnership, and fold its units into one company with a market capitalization of $92 billion organized as a C-corporation.
The affected units include Kinder Morgan Energy Partners, Kinder Morgan Management, and El Paso Pipeline Partners. The deal is comprised of $40 billion in Kinder Morgan equity, $4 billion in cash and $27 billion in assumed debt.
** MCDONALD'S CORP, Friday close $93.55, -0.05 pct premarket
** YUM BRANDS INC, Friday close $69.97
** BURGER KING, Friday close $26.09
Five fast food chains including McDonald's and Yum Brands have published details of their suppliers on their Chinese websites following a request from Shanghai authorities after a food safety scare.
Shanghai's Municipal Food and Drug Administration said on Saturday it had asked the two chains, along with Burger King, Dicos and Carl's Jr, to publish the usually confidential information as part of efforts government efforts to strengthen oversight of food suppliers.
** PRICELINE GROUP INC, Friday close $1,281.56, -1.07 pct premarket
The online travel agency forecast third-quarter earnings below analysts' estimates, mainly due to heavy spending on its international expansion.
** TEKMIRA PHARMACEUTICALS CORP, Friday close $20.7, +11.06 pct premarket
Global health agencies are only starting to consider whether to make experimental Ebola drugs, most of which have only been tested on monkeys, available to patients in West Africa.
Tekmira is one of a few companies with a treatment advanced enough to be tested on people.
** ACHILLION PHARMACEUTICALS INC, Friday close $7.36, +10.73 pct premarket
Piper Jaffray upgraded the drug developer's stock to "overweight" from "neutral" and raised its price target to $10 from $5. Wells Fargo raised its rating on the stock to "outperform" from "market perform".
** BIODEL INC, Friday close $1.91, +10.47 pct premarket
The company said its experimental insulin formulation was found more effective than current therapies in controlling glucose after two meals, in a mid-stage trial.
** GLAXOSMITHKLINE PLC, Friday close $46.58, -0.54 pct premarket
A clinical trial of an experimental vaccine against the deadly Ebola virus is set to start shortly, according to the British drugmaker, which is co-developing the product with U.S. scientists.
** EXXONMOBIL, Friday close $99.74, -0.73 pct premarket
The U.S. oil giant began drilling in Russia's Arctic on Saturday, despite Western sanctions imposed on its Russian partner Rosneft, and was hailed by Russia's president as an model of "cooperation".
** GENERAL MOTORS CO, Friday close $33.53
The automaker has lost its bid to dismiss a lawsuit accusing it of concealing critical evidence about a faulty ignition switch linked to the death of a Georgia woman in 2010.
** MURPHY PETROLEUM, Friday close $61.32
The company has signed an agreement to sell its UK petrol stations to Motor Fuel Group (MFG), completing its exit from Britain's oil retail market.
** BLACKSTONE GROUP LP, Friday close $32.98
The company is close to a deal to buy a 50 percent stake worth $1.2 billion in a gas field in Louisiana currently owned by Royal Dutch Shell, according to a person familiar with the matter.
** AMAZON.COM INC, Friday close $316.8, +0.54 pct premarket
** WALT DISNEY CO, Friday close $86.85
Amazon.com has halted pre-orders of some Disney movies, the Wall Street Journal reported, in what appears to be another contract dispute after the online retailer began a protracted spat with publisher Hachette Book Group this year.
** HESS CORP, Friday close $99.92
The U.S. oil producer has suspended oil-drilling operations in Iraqi Kurdistan and started to evacuate non-essential staff amid spreading violence in the region, its minority partner Petroceltic said.
** MOELIS & CO, Friday close $34.01
The fund manager plans to raise up to A$300 million ($278 million) for a new global investment vehicle to be listed in Australia, and is reeling in a popular local television presenter as its chairman to attract support. (Compiled by Sneha Banerjee in Bangalore; Editing by Savio D'Souza)