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Stock Market Live Thursday 14/01 – Lexicon Pharmaceuticals Shares Up 47%

Updated: 14 Jan 2021

Latest 16:47
Lexicon Pharmaceuticals

Lexicon Pharmaceuticals (NASDAQ: LXRX) shares are rallying after the company said it has received U.S. Food and Drug Administration (FDA) regulatory feedback that the results of its SOLOIST and SCORED Phase 3 clinical studies can support a new drug application (NDA) submission for an indication to reduce the risk of cardiovascular death, hospitalization for heart failure, and urgent visits for heart failure in adult patients with type 2 diabetes with either worsening heart failure or additional risk factors for heart failure.

Lexicon shares are up 47.20% at $5.77.

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16:36
European Equities Close

  • FTSE 100: +0.83%
  • DAX: +0.40%
  • STOXX 50: +0.74%
  • IBEX 35: -0.12%
  • CAC 40: +0.33%

14:37
Cisco

Cisco (NASDAQ: CSCO) and Acacia Communications (NASDAQ: ACIA) have announced an amendment to their definitive merger agreement, whereby Cisco will acquire Acacia.

Under the terms of the amended agreement, Cisco will acquire Acacia for $115 per share in cash, or for approximately $4.5 billion. Cisco and Acacia expect to complete the acquisition by the end of the first quarter of 2021.

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14:26
US Equities Open

  • DOW: -0.03%
  • S&P: +0.24%
  • NASDAQ: +0.43%

13:35
US Weekly Jobless Claims

US Jobless Claims Rise +181K to 965K

Continuing Jobless Claims Rise +199k to 5,271,000

12:55
US Equity Futures

  • DOW: +0.27%
  • S&P: +0.14%
  • NASDAQ: +0.02%

12:07
Tesla

Tesla shares are down 1.34% premarket after the electric vehicle company was asked to recall 158,000 vehicles over touchscreen failures.

12:04
Boohoo

Shares of online retailer Boohoo Group PLC (LON: BOO) fell 8.77% despite the company raising its full-year revenue target after recording strong sales during the Christmas shopping period, but investors remained sceptical selling their shares.

Full story: HERE’S WHY BOOHOO SHARES PLUNGED 8.77% DESPITE RAISING ITS ANNUAL REVENUE TARGETS

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Tradingview chart of Boohoo share price 14012021

10:33
UK Stock Gainers

  • Best of the Best +29.03%: BEST OF THE BEST PLC (BOTB) SHARES RALLY AS REVENUE SOARS
  • Uru Metals +20.44%
  • Applied Graphene Materials +18.19%: Approval has been granted by ECHA, the European Chemical Agency, for a volume threshold of 1 to 10 tonnes of powder usage per annum of graphene products supplied by individual members of the Graphene REACH registration consortium, of which AGM is a founding member.
  • Ilika +17.70%: The company announces its unaudited half-yearly report for the six months ended 31 October 2020. Total revenue for the period £1.3m, Loss per share 1p, EBITDA loss £1.0m
  • Touchstar +17.09%

08:05
European Equities

  • FTSE 100: +0.05%
  • DAX: +0.28%
  • STOXX 50: +0.36%
  • IBEX 35: -0.18%
  • CAC 40: -0.06%

News:

  • Intel’s stock surged after the company appointed VMware chief Pat Gelsinger as its new CEO
  • Donald Trump became the first US president to be impeached twice
  • Johnson & Johnson’s coronavirus vaccine is safe and generates a promising immune response in both young and elderly patients, according to trial data published Wednesday in the New England Journal of Medicine
  • Snapchat followed Twitter in permanently banning Donald Trump
  • Tesla Asked To Recall 158,000 Model S, X Units By US Over Touchscreen Failures

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