Pharma stocks surged on Trump's win with companies like Pfizer (PFE) shooting up more than 12% over the last few days.
Nov 10 (Reuters) - Bristol-Myers Squibb Co said on Thursday it agreed to pay Japan's Nitto Denko Corp $100 million up front for the right to its early-stage drug for liver fibrosis due to fatty liver disease NASH or hepatitis C.
BRIEF-Nitto Denko Avecia Inc acquires businesses of Irvine Pharmaceutical Services, Avrio Biopharmaceuticals
* Nitto Denko Avecia Inc. acquires the businesses of Irvine Pharmaceutical Services & Avrio Biopharmaceuticals
* Nitto Denko has acquired two U.S. Biomedical companies so it can handle all drug production steps on its own - nikkei
* Nitto Denko plans LCD Polarizer production in China - Nikkei
Japan stocks were lower after the close on Friday, as losses in the Steel, Electrical/Machinery and Power sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.19%. The best performers of the session on the Nikkei 225 were Daiwa House Industry Co., Ltd. (TOKYO:1925), which rose 3.81% or 112.0 points to trade at 3048.0 at the close. Meanwhile, Uny Group Holdings Co., Ltd. (TOKYO:8270) added 2.96% or 21.0 points to end at 730.0 and Konami Corp. (TOKYO:9766) was up 2.93% or 76.0 points to 2673.0 in late trade. The worst performers of the session were Fujikura Ltd. (TOKYO:5803), which fell 4.36% or 26.0 points to trade at 570.0 at the close. Nitto Denko Co (TOKYO:6988) declined 4.00% or 304.0 points to end at 7294.0 and Mitsubishi Electric Corp. (TOKYO:6503) was down 3.96% or 47.5 points to 1150.5. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1306 to 568 and 2 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 11.97% to 31.70. Crude oil for October delivery was down 1.31% or 0.60 to $45.32 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.95% or 0.47 to hit $48.42 a barrel, while the December Gold contract fell 0.02% or 0.20 to trade at $1109.10 a troy ounce. USD/JPY was up 0.06% to 120.69, while EUR/JPY rose 0.01% to 136.08. The US Dollar Index was down 0.01% at 95.54.
Microchip Technology Inc, (MCHP) recently announced that its MOST Intelligent Network Interface Controllers (INICs) can be used for cross-domain communication in an Automotive Open System Architecture (AUTOSAR) system.
Global networking solutions company Skyworks Solutions, Inc (SWKS) recently announced the opening of a design center and laboratory facility in San Diego, CA.
Leading semiconductor solution provider Broadcom Corporation (BRCM) recently announced the addition of NetXtreme gigabit ethernet adapter cards to its distribution portfolio.
Japan stocks were lower after the close on Wednesday, as losses in the Construction, Real Estate and Rubber sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 0.34%. The best performers of the session on the Nikkei 225 were Nisshin Seifun Group Inc. (TOKYO:2002), which rose 5.00% or 78.0 points to trade at 1637.0 at the close. Meanwhile, Nippon Sheet Glass Co., Ltd. (TOKYO:5202) added 4.48% or 6.0 points to end at 140.0 and Fujitsu Ltd. (TOKYO:6702) was up 4.35% or 30.4 points to 728.6 in late trade. The worst performers of the session were Chubu Electric Power Co., Inc. (TOKYO:9502), which fell 3.47% or 70.0 points to trade at 1945.0 at the close. Dainippon Screen Mfg. Co., Ltd. (TOKYO:7735) declined 2.94% or 27.0 points to end at 891.0 and Nitto Denko Co (TOKYO:6988) was down 2.76% or 266.0 points to 9382.0. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1014 to 866 and 3 ended unchanged. Shares in Nisshin Seifun Group Inc. (TOKYO:2002) rose to all time highs; up 5.00% or 78.0 to 1637.0. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 2.15% to 18.55. Crude oil for July delivery was down 0.78% or 0.47 to $60.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.50% or 0.33 to hit $65.16 a barrel, while the August Gold contract fell 0.21% or 2.50 to trade at $1191.90 a troy ounce. USD/JPY was down 0.15% to 123.94, while EUR/JPY rose 0.05% to 138.47. The US Dollar Index was down 0.22% at 95.78.
Cypress Semiconductor Corporation (CY) reported first-quarter 2015 loss of 53 cents per share, significantly disappointing the Zacks Consensus Estimate of earnings of 1 cent.
Teradyne Inc. (TER) reported first-quarter 2015 earnings of 17 cents per share, surpassing the Zacks Consensus Estimate by 5 cents. Adjusted earnings per share exclude one-time items but include stock-based compensation expense.
PMC-Sierra Inc. (PMCS) reported adjusted first-quarter 2015 earnings of 8 cents per share that beat the Zacks Consensus Estimate by a penny. The adjusted earnings exclude one-time items but include stock-based compensation expense.
Broadcom Corp. (BRCM) reported solid first-quarter 2015 results, riding high on a healthy demand for high-end smartphone and broadband access products.
Leading semiconductor solutions provider Broadcom Corporation (BRCM) recently introduced the BCM63500 and BCM63333 devices for cable subscribers in multi-dwelling units (MDUs) in China.
Broadcom Corporation (BRCM) recently introduced BCM82780, the first 28 nanometer (nm) electronic dispersion compensation (EDC) physical layer transceiver (PHY), in the market.
Shares of technology company, Cypress Semiconductor Corporation (CY), hit a new 52-week high of $16.25 on Mar 13, eventually closing at $15.95.