Geron Corporation(NASDAQ: GERN) shares gained 21.84% to $1.31 in the morning hour after the company announced positive clinical results from the Phase 2 trial of imetelstat, the company's first-in-class telomerase inhibitor, in patients with essential thrombocythemia (ET). ET is a chronic blood disorder that is representative of a group of diseases known as myeloproliferative neoplasms (MPNs).
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Dreamworks Animation Skg Inc(NASDAQ: DWA) stock fell 0.36% to $16.59 after the company announced that Michael Francis has been named to the newly created position of Chief Global Brand Officer. In this capacity, Francis will be responsible for DreamWorks Animation's worldwide branding initiatives, including the branding of all of the intellectual property associated with the studio. He will also be responsible for the Company's licensing and consumer products efforts as well as franchise management activities.
InterOil Corporation (USA)(NYSE: IOC) stock declined 0.44% to $51.95. The company announced that negotiations have been completed and the parties have executed the Joint Venture Operating Agreement (JVOA) and related documents associated with Farm-In Agreement with Pacific Rubiales Energy Corp., pursuant to which PRE will acquire a 10.0% net (12.9% gross) participating interest in Petroleum Prospecting License 237 (PPL 237) onshore Papua New Guinea, including the Triceratops structure and exploration acreage located within that license.
Yahoo! Inc.(NASDAQ: YHOO) shares climbed 0.21% to $19.24 in the early hour. Alibaba Group Holdings Limited announced that Yahoo! Inc.’s Jacqueline D. Reses has joined Alibaba Group’s board of directors. Reses joins Jack Ma, Masayoshi Son and Joe Tsai as one of four directors on the Alibaba board.
Additionallt, the company said it acquired a five-person video chat company, the second deal by new Chief Executive Marissa Mayer to bolster Yahoo's mobile capabilities. YHOO did not disclose the financial terms of its acquisition of OnTheAir, but said the team would be joining Yahoo's mobile group.
Anheuser-Busch InBev NV (ADR)(NYSE: BUD) shares gained 0.11% to $87.85 in the morning hour. The company shared that its majority-owned subsidiary Companhia de Bebidas das Américas—Ambev has announced its intention to propose to its shareholders for approval a corporate restructuring that would result in the transition of Ambev’s capital structure, currently a dual stock capital structure comprised of voting common shares and non-voting preferred shares, to a new single-stock capital structure comprised exclusively of voting common shares.
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