(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) U.S. stock index futures were higher on Wednesday, snapping a four-day losing streak, as investors see little room for the Federal Reserve to be able to raise interest rates in the near term. Dow Jones industrial average futures were up 0.18 percent at 17,693, S&P 500 futures were up 0.10 percent at 2,076.5 and Nasdaq 100 futures were up 0.11 percent at 4,430.
** PATRIOT NATIONAL INC, Tuesday close $6.92, +29.34 pct premarket
Software maker Ebix Inc offered to buy the insurance outsourcing company for $9.50 per share.
** CELLECTAR BIOSCIENCES INC, Tuesday close $3.3, +29.70 pct premarket
The company said study results showed its experimental drug, CLR 1602, may be up to 30 times more tumor-selective in comparison to a commonly used chemotherapy treatment called paclitaxel
** EXACT SCIENCES CORP, Tuesday close $9.39, +17.78 pct premarket
Brokerage Canaccord Genuity raises price target to $12 from $9.
** AEGERION PHARMACEUTICALS INC, Tuesday close $1.33, +37.59 pct premarket
** QLT INC, Tuesday close $1.43, +18.88 pct premarket
Aegerion Pharma agreed to merge with QLT Inc’s indirect unit. Each Aegerion share to be exchanged for 1.0256 shares of QLT, which will change its name to Novelion Therapeutics Inc and trade on the Nasdaq and Toronto stock exchanges.
** KEY ENERGY SERVICES INC, Tuesday close $0.2933, -28.40 pct premarket
The oil and gas company’s noteholders proposed potential restructuring timeline.
** AURINIA PHARMACEUTICALS Inc, Tuesday close $2.9, -13.79 pct premarket
The company said it intends to complete a private placement of its units at $2.36 per share.
** SPARK THERAPEUTICS INC, Tuesday close $46.78, -3.19 pct premarket
The Gene therapy company announced public offering of 3.5 million shares priced at $45 per share.
** WHOLE FOODS MARKET INC, Tuesday close $32.52, -2.74 pct premarket
U.S. food safety regulators have warned the company that inspections at the grocer’s Everett, Massachusetts plant turned up violations that could result in food being “contaminated with filth or rendered injurious to health.”
** CISCO SYSTEMS INC, Tuesday close $28.96, -1.73 pct premarket
Brokerage Goldman Sachs removed the company from America’s buy list; also cuts price target on the stock to $32 from $35.
** TWITTER INC, Tuesday close $15.36, +2.02 pct premarket
The microblogging site has invested about $70 million in Berlin-based music service SoundCloud, technology website Re/code reported citing people familiar with the deal.
** BANK OF AMERICA CORP, Tuesday close $13.26, +0.45 pct premarket
The bank is set to cut about 8000 jobs in its consumer arm, according to Financial Times.
** APPLE INC, Tuesday close $97.46, +0.26 pct premarket
The company eyes music production in a bid to spur wider use of paid services amid slowing hardware sales - Nikkei. (Compiled by Rishika Sadam in Bengaluru; Edited by Don Sebastian)