(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 were lower on Tuesday: Dow Jones industrial average futures were down 0.26 percent at 17,054, S&P 500 futures were down 0.33 percent at 1,979.75 and Nasdaq 100 futures were down 0.36 percent at 4,038.25.
** SALIX PHARMACEUTICALS LTD Monday close $159.83, +8.87 pct premarket
** ALLERGAN INC, Monday close $166.12
** VALEANT PHARMACEUTICALS INC, Monday close $116.28
Allergan has revived discussions to buy Salix, but the exact status of the discussions between the two drugmakers could not be immediately established.
The botox maker is trying to seal a deal with Salix in order to fend off a $53 billion hostile offer from Valeant. Salix said in July it would merge with an Irish subsidiary of Cosmo Pharmaceuticals SpA in a so-called tax inversion.
** ASTRAZENECA PLC, Monday close $74.67, -4.58 pct premarket
** SHIRE PLC, Monday close $256.3, -5.70 pct premarket
** ABBVIE, Monday close $58.71, -4.45 pct premarket
AstraZeneca’s and Shire’s stocks fell on Tuesday after the U.S. Treasury took steps to curb “inversion” deals that allow companies to escape high U.S. taxes by reincorporating abroad.
The move could jeopardize an agreed deal for AbbVie to buy Shire for $55 billion and deter Pfizer from making another attempt to acquire AstraZeneca, after a $118 billion takeover attempt failed in May.
** CF INDUSTRIES, Monday close $255.78, +5.95 pct premarket
Norway’s Yara International is in talks with Chicago-based CF Industries about a possible merger of equals, the firms said, a deal that would create a fertilizer giant with market value over $27 billion.
** MECHEL OAO, Monday close $1.02, -30.39 pct premarket
The Russian steelmaker’s U.S.-listed stock continued their fall on Tuesday after hitting a record-low on Monday following a Russian minister’s comments that bankruptcy was the most likely scenario for the over-indebted company.
“We should probably admit the fact - if a company is bankrupt, it should be legally acknowledged,” Russian Economy Minister Alexei Ulyukayev said of the company which has debts of $8.6 billion.
** CHINANET ONLINE HOLDINGS INC, Monday close $3.19, +14.42 pct premarket
The surge in the stock of the Chinese advertisement company continued on Tuesday, nearly two trading days after company said it was in talks to provide a marketing service for Taobao, the online shopping site owned by Alibaba Group Holding Ltd .
Up to Monday’s close, the stock had risen 213 percent in the two trading session since the company announced the news.
** TEKMIRA PHARMACEUTICALS CORP, Monday close $23.61, +8.68 pct premarket
The Canadian drugmaker’s Ebola drug shows promising signs after being administered to doctor infected with virus in West Africa, Nebraska Medical Center said.
The drug, code named TKM-Ebola, was authorized to be used by U.S. and Canadian regulators in patients with confirmed or suspected Ebola infection, and is among several experimental Ebola drugs to be tested in West Africa to fast track trials, global health charity Wellcome Trust said.
** ON SEMICONDUCTOR CORP, Monday close $9.6, -2.71 pct premarket
JPMorgan cut its rating on the stock of the power-management chipmaker to “neutral” from “overweight”, making it the third downgrade on the stock so far this month.
** APPLE INC, Monday close $101.06, -0.39 pct premarket
The iPhone 6 is in the final stages of review for approval, with results due shortly, a top Chinese government regulator said in an interview published by Tencent.
** MICROSOFT CORP, Monday close $47.06, -0.40 pct premarket
The U.S. software giant’s Xbox One videogame console will launch in China on Sept. 29, following its announcement last week of a delay from the original launch date of Sept. 23.
** FACEBOOK INC, Monday close $76.8, -0.52 pct premarket
The company is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported. The product is a redesigned version of Atlas Advertiser Suite, an ad management and measurement platform that Facebook bought from Microsoft last year.
** SUPERNUS PHARMACEUTICALS INC, Monday close $7.99, +8 pct after market
The drug developer said it was exploring strategic opportunities including “transformative merger and acquisition transactions”.
** CITIGROUP INC, Monday close $53.04, -0.62 pct premarket
Citigroup plans to ask a U.S. judge to put on hold an order barring it from processing payments on $8.4 billion in bonds issued under Argentine law following the country’s record 2002 default, court documents showed.
** BHP BILLITON, Monday close $61.28, +0.69 pct premarket
BHP Billiton BLT.AX and Mitsubishi will cut about 700 jobs at coal mines they operate jointly in Australia, with the two companies citing over-staffing in tough market conditions threatening the viability of the business.
** NVIDIA CORP, Monday close $18.89, -0.11 pct premarket
ARM Holdings’ CEO defended the British chip designer’s smartphone graphics technology connected to a patent suit by Nvidia against Samsung Electronics and Qualcomm. This month, Nvidia said it was suing rival Qualcomm and Samsung Electronics, accusing both companies of infringing its property patents on graphics chip technology.
** NEWMONT MINING CORP, Monday close $23.66, +1.44 pct premarket
The mining company said on Monday it was expected to resume copper concentrate shipments from Indonesia this week after receiving an export permit from the government, signalling the end of an eight-month tax dispute.
** SONY CORP, Monday close $17.36
Sony said PlayStation TV set-top box, which allows users to access movies and TV episodes from the PlayStation store, will hit stores in the United States and Canada on Oct. 14.
** HERBALIFE LTD, Monday close $40.21
The stock of the seller of nutritional supplements fell sharply on Monday on unsubstantiated rumors that activist investor Carl Icahn was liquidating his position in the company.
The company and Icahn were not available for comment on Monday, but Fox Business reported that Icahn had not sold a stake. Reuters was unable to independently verify the report.
** WELLS FARGO & CO, Monday close $52.9
A unit of Wells Fargo will admit to wrongdoing and pay a $5 million penalty to settle charges that it failed to have adequate controls in place to prevent an employee from illegal insider trading, U.S. regulators said on Monday.
** GOLDMAN SACHS GROUP INC, Monday close $185.29
Goldman Sachs has laid the groundwork to launch actively managed exchange-traded funds, becoming the latest Wall Street bank to set its sights on the fast-growing market.
** SYSCO CORP, Monday close $37.56
The U.S. Federal Trade Commission is considering a possible antitrust lawsuit against Sysco’s $3.5 billion deal to buy debt-ridden US Foods from private equity, the Wall Street Journal reported.
** BOEING CO, Monday close $128.61
Airbus Group and Boeing clashed over jet production on Monday, with the European planemaker questioning the viability of its rival’s proposals to hike output and Boeing insisting it will only build the number of jets that its buyers and suppliers can handle.
** HESS CORP, Monday close $96.29
Hess and other major North Dakota oil producers will tell the state’s top energy regulators on Tuesday that existing field practices used to prepare Bakken crude for rail transport are safe and that tighter standards could actually do more harm than good.
** MOELIS & CO, Monday close $34.14
The fund manager pulled its Australia listing of an A$300 million ($266 million) global investment vehicle after failing to rally investor support despite hiring a popular television host as its chairman. (Compiled by Shailaja Sharma in Bangalore; Editing by Savio D’Souza)