Tag Archives: bad-request

Sarepta Soars On New Hope For Muscular-Dystrophy Drug

Sarepta Therapeutics (SRPT) stock jumped more than 50% in early trading Wednesday, to an eight-month high, after the company said late Tuesday that the FDA had finally agreed to a refiling plan for its Duchenne muscular dystrophy (DMD) drug eteplirsen. Sarepta said the FDA agreed to a rolling submission plan, with the first batch of data delivered this week and the rest by midyear. That’s in line with previous company guidance, but investors had

Yahoo Says IRS Rule Won’t Hurt Alibaba Spinoff

Yahoo (YHOO) stock was up Wednesday after the company responded to a media report on Tuesday by saying a possible Internal Revenue Service rule change would not jeopardize the Web portal’s plan to hold a tax-free spinoff of its shares in China Internet giant Alibaba Group (BABA) . Yahoo was up more than 3.5% in morning trading in the stock market today, near 42.50. Yahoo fell 7.6% Tuesday on a Bloomberg report about comments by a senior technician

TWC, Altice, Vodafone Fuel Telecom M&A Speculation

Altice on Wednesday agreed to buy Suddenlink Communications, the seventh largest U.S. cable TV company, amid speculation it’s also aiming to acquire No. 2 Time Warner Cable (TWC). Altice’s purchase of a 70% stake in Suddenlink marks the second time a French telecom company has targeted the U.S. in less than a year. French upstart Iliad in October dropped its takeover bid for T-Mobile US (TMUS), which is controlled by Germany’s Deutsche Telekom