BUZZ-U.S. STOCKS ON THE MOVE-Vaalco Energy, Regenxbio, Eli Lilly
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U.S. stock indexes were higher in thin trading on Thursday, with investors hanging fire ahead of the Federal Reserve's interest rate decision later in the day. The Dow Jones industrial average was up 0.12 percent at 16,759.7, the S&P 500 was up 0.18 percent at 1,998.9 and the Nasdaq Composite was up 0.35 percent at 4,906.239.
** AERIE PHARMACEUTICALS INC $31.46, +74.78 pct
The drugmaker said on Wednesday its experimental eye drop met the main goal of a late-stage study. The drug, Rhopressa, showed that it was not inferior to a commonly prescribed treatment, timolol, in reducing pressure inside the eye in patients suffering from glaucoma, or ocular hypertension, the company said.
At least five brokerages raised their price targets by as much as $18 to as high as $49.
** CABLEVISION SYSTEMS CORP, $32.835, +15.05 pct
European telecoms group Altice has agreed to buy the fourth-largest U.S. cable TV operator for a mix of cash and shares in a deal worth $17.7 billion, including debt. Continued...