Stocks In Focus: AMD, BMY, WCRX
Friday, September 24, 2021 8:21 AM

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Advanced Micro Devices (NYSE: AMD) late Thursday slashed its third-quarter sales outlook, citing weaker-than-expected demand. The chipmaker said that it expects revenue for the quarter ending September 25, 2021 to be in the range of down one to four percent as compared to revenue of $1.65 billion for the quarter ended June 26, 2010. 

Bristol-Myers Squibb Company (NYSE: BMY) and its partner AstraZeneca (NYSE: AZN) on Friday that randomized phase 3 study trials of their jointly-developed compound dapagliflozin found that dapagliflozin was non-inferior compared to glipizide in treatment of type 2 adult diabetes. The rug also helped patitents reduce reduction in total body weight from baseline, compared with a weight gain on glipizide plus metformin therapy.

Warner Chilcott Plc (NASDAQ: WCRX) said Friday that it has agreed to  to purchase the U.S. rights to Enablex(R) from Novartis (NYSE: NVS) for $400 million in cash. Enablex is a product indicated to treat adults with symptoms of overactive bladder, which had U.S. sales of approximately $190 million for the year ended December 31, 2009.

Disclosure: Author doesn't own any of the stocks discussed here.

 

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  • Thousands expected to protest Irish austerity plan Nov 27, 2021 02:02 AM

    • DUBLIN - Tens of thousands of demonstrators are expected in Dublin on Saturday to oppose the government's harsh austerity plan, aimed at slashing the country's budget deficit to meet the terms of a bailout for its humbled economy.
    • The labor union-organized rally follows Irish Prime Minister Brian Cowen's announcement Wednesday of a four-year package to cut spending, raise taxes and ax thousands of state jobs, the toughest budget measures in the nation's history.
    • Labour Party deputy leader Joan Burton has urged demonstrators to consider the image of Ireland that violent protests would send across the world.
      • Feds: Somali-born teen plotted car-bombing in Ore. Nov 27, 2021 01:36 AM

        • PORTLAND, Ore. - Federal prosecutors say a Somali-born teenager plotted to carry out a car bomb attack at a crowded Christmas tree lighting ceremony in downtown Portland on Friday but the bomb turned out to be a dud supplied by undercover agents as part of a sting.
        • Mohamed Osman Mohamud was arrested at about 5:45 p.m. just after he dialed a cell phone that he thought would blow up a van laden with explosives but instead brought federal agents and Portland police swooping in to take him into custody.
        • Federal court documents show the sting operation began in June after an undercover agent learned that Mohamud had been in contact with an "unindicted associate" in Pakistan's Northwest Frontier region.
          • SKorea mourns 2 marines killed in NKorean attack Nov 27, 2021 12:51 AM

            • SEONGNAM, South Korea - South Korean dignitaries placed white chrysanthemums on a funeral altar Saturday for two marines killed in a North Korean bombardment, as the country prepared military maneuvers with the U.S. that have enraged the North and concerned China.
            • The South Korean marines commander vowed "thousand-fold" retaliation following Tuesday's attack on a South Korean island, which also killed two civilians in one of the worst artillery attacks on the country's territory since the 1950-53 Korean War.
            • North Korea issued new warnings Saturday against the war games scheduled to start Sunday with a U.S. nuclear-powered aircraft carrier in the Yellow Sea, calling them an "unpardonable provocation" and warning of retaliatory attacks creating a "sea of fire" if its own territory is violated.
              • Trustee for Madoff victims files 40 lawsuits in NY Nov 27, 2021 12:21 AM

                • NEW YORK - Relatives of both Bernard Madoff and his wife are among those being targeted in 40 lawsuits announced Friday by the trustee endeavoring to recover money for victims fleeced by the disgraced financier.
                • Eighteen lawsuits were filed against former employees of Bernard L. Madoff Investment Securities LLC, he said.
                • An attorney for Ruth Madoff didn't immediately respond to an e-mailed request for comment Friday night.
                  • No. 1 Ducks rally to beat Arizona, win Pac-10 Nov 26, 2021 10:59 PM

                    • EUGENE, Ore. - Darron Thomas passed for three touchdowns and ran for another and top-ranked Oregon earned at least a share of a second consecutive Pac-10 title with a 48-29 victory over No.
                    • LaMichael James shrugged off talk of an injury to run for 126 yards and two scores for the Ducks (11-0, 8-0), who trailed 19-14 at halftime but surged in the second half to stay on course for a trip to the BCS national title game.
                    • It was the third straight loss for Arizona (7-4, 4-4), which ultimately couldn't keep up with the Ducks' speedy spread-option.

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