BUZZ-U.S. STOCKS ON THE MOVE-Diamond Resorts, Tesaro, Esperion
(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 opened higher for the second day on Wednesday as investors sought out beaten down stocks after a massive selloff sparked by Britain's decision to leave the European Union last week. The Dow Jones Industrial Average was up 0.85 percent at 17,557.89, the S&P 500 was up 0.94 percent at 2,055.13 and the Nasdaq Composite was up 1.10 percent at 4,743.387.
** TESARO INC, $75, +101.56 pct
The cancer drug maker said its ovarian cancer drug met the main goal of prolonging survival in patients, without the disease worsening, in a late-stage trial.
** LIPOCINE INC, $3, -52.15 pct
The drugmaker said its oral testosterone replacement product did not get the approval in the United States.
** DIAMOND RESORTS INTERNATIONAL INC, $29.73, +23.51 pct
The hospitality and vacation ownership management company said it agreed to be bought by private equity firm Apollo Global Management LLC in a $2.2 billion deal. Continued...