(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 was higher in late-morning trading on Friday as increased prospects of central bank stimulus around the world bolstered investor confidence. The Dow Jones Industrial Average was up 0.20 percent at 17,965.74, the S&P 500 was up 0.26 percent at 2,104.39 and the Nasdaq Composite was up 0.49 percent at 4,866.511.
** MICRON TECHNOLOGY INC, $12.53, -8.94 pct
The memory-chip maker said it would lower costs, including by cutting jobs and focusing on fewer programs, after its hopes of reversing its fortunes this year were thwarted by a persistently challenging market.
** AETERNA ZENTARIS INC, $3.6613, +12.31 pct
The drug developer said it signed a license agreement with Orient EuroPharma’s unit for commercializing its lead experimental anti-cancer drug, Zoptrex, in Taiwan and nine countries in Southeast Asia.
** TESLA MOTORS INC, $212.94, +0.31 pct
** MOBILEYE NV, $47.04, +1.95 pct
** INTEL CORP, $32.71, -0.27 pct
At least one analyst said that initial reaction to the first fatality involving Tesla Model S car’s Autopilot system was based more on perception than reality.
Collision detection specialist Mobileye is expected to be part of an alliance with BMW and Intel to develop self-driving cars.
** VALEANT PHARMACEUTICALS INTERNATIONAL INC, $20.82, +3.38 pct
AstraZeneca Plc terminated its licensing deal with the Canadian drugmaker on its experimental psoriasis drug, brodalumab, and sold the rights to that drug in Europe to LEO Pharma.
** GOLAR LNG LTD, $16.4301, +6.00 pct
DNB Markets upgraded the natural gas shipping company’s stock to “buy” from “hold”, according to thefly.com. (Compiled by Arunima Banerjee in Bengaluru; Editing by Maju Samuel)