BUZZ-U.S. STOCKS ON THE MOVE-Valeant, Biogen, LDR, Alexion, Axiall

Tue Jun 7, 2016 8:14am EDT
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock index futures were higher on Tuesday, a day after Federal Reserve Chair Janet Yellen expressed confidence in the health of the economy, but was less hawkish on raising interest rates in the near-term. Dow Jones industrial average futures were up 0.25 percent at 17,959, S&P 500 futures were up 0.19 percent at 2,112.25 and Nasdaq 100 futures were up 0.18 percent at 4,533.75.

** VALEANT PHARMACEUTICALS INTERNATIONAL INC, Monday close $28.85, -15.77 pct premarket

The Canadian drugmaker, under scrutiny for business and accounting practices, reported a lower-than-expected quarterly profit and cut its full-year earnings and revenue forecast.

** VERIZON COMMUNICATIONS INC, Monday close $50.71

** YAHOO INC, Monday close $37.07, -1.11 pct premarket

Verizon plans to submit a second-round bid of around $3 billion for Yahoo's core internet business, the Wall Street Journal reported, citing people familiar with the matter.

** ZIMMER BIOMET HOLDINGS INC, Monday close $121.54, -0.03 pct premarket   Continued...