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Kimberly-Clark Corp. (KMB) said that it appointed Michael Hsu, 54, as Chief Executive Officer, effective January 1, 2019. Hsu will continue to serve as a member of the company's Board of Directors. Hsu has served as Kimberly-Clark's President and Chief Operating Officer since January 1, 2017. Before...

Celgene Corp. (CELG) on Monday announced the first results from the IMpassion130 study evaluating Abraxane, or paclitaxel protein-bound particles for injectable suspension (albumin-bound) in combination with atezolizumab ,or Tecentriq, in patients with first-line locally advanced triple negative breast...

Regeneron Pharmaceuticals, Inc. (REGN) and Sanofi announced the U.S. Food and Drug Administration has approved Dupixent (dupilumab) as an add-on maintenance therapy in patients with moderate-to-severe asthma aged 12 years and older with an eosinophilic phenotype or with oral corticosteroid-dependent...

Icahn Enterprises LP (IEP) announced Monday that its majority-owned subsidiary, American Railcar Industries, Inc. agreed to merge with a wholly-owned subsidiary of ITE Rail Fund L.P., managed by ITE Management L.P., at a price of $70.00 per share, which is 51% above the October 19, 2018 closing price...

American Railcar Industries, Inc. (ARII) announced a definitive agreement to merge with a wholly-owned subsidiary of ITE Rail Fund L.P., managed by ITE Management L.P., at a price of $70.00 per share. The transaction is valued at approximately $1.75 billion (including ARI's net indebtedness). ITE...

Merck (MRK) announced the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion recommending approval of KEYTRUDA, Merck's anti-PD-1 therapy, as adjuvant therapy in the treatment of patients with melanoma with lymph node involvement...

Weatherford International plc (WFT) announced a definitive agreement to sell its laboratory services business to a group led by CSL Capital Management, L.P. for $205 million in cash. Upon closing, Weatherford will use the proceeds to reduce its debt. Weatherford will divest its laboratory and geological...

The EnLink Midstream companies, EnLink Midstream, LLC (ENLC) and EnLink Midstream Partners, LP (ENLK) announced a merger agreement whereby EnLink Midstream, LLC will acquire all outstanding common units of EnLink Midstream Partners, LP not already owned by EnLink Midstream, LLC in a unit-for-unit exchange...

German chemicals giant BASF SE (BFA.L, BASFY.PK) announced Monday that it has selected Harjavalta, Finland, as the first location for battery materials production serving the European automotive market. The plant will be constructed adjacent to the nickel and cobalt refinery owned by Norilsk Nickel or...

Shares of Fiat Chrysler Automobiles N.V. (FCAU) were gaining around 5 percent in the morning trading in Italy after the automaker announced Monday that it has entered into a definitive agreement to sell its automotive components business Magneti Marelli S.p.A for 6.2 billion euros. The buyer is CK...

Shares of Leoni AG (LEOGN) were losing around 6 percent in the morning trading in Germany after the provider of energy and data management solutions in the automotive market on Monday reported weak third-quarter results. The company also announced a downward revision in its outlook for fiscal 2018. According...

Novartis (NVS) announced Monday a new data analysis of COMBI- AD, a phase III multi-center study evaluating Tafinlar (dabrafenib) in combination with Mekinist (trametinib) in stage III adjuvant resected BRAF V600-mutant melanoma. With extended study follow up, Tafinlar in combination with Mekinist...

Genentech, a member of the Roche Group (RHHBY), announced Monday positive results from the Phase III IMpower130 study of Tecentriq (atezolizumab) plus chemotherapy for the initial (first-line) treatment of people with previously untreated metastatic non-squamous non-small cell lung cancer or NSCLC. Mpower130...

Bristol-Myers Squibb Co. (BMY) announced Monday data from two CheckMate studies of Opdivo (nivolumab). The company announced new data from a cohort of the CheckMate -142 study in which Opdivo plus low-dose Yervoy (ipilimumab) demonstrated durable clinical benefit as a first-line treatment in patients...

Fiat Chrysler Automobiles N.V. (FCAU) announced a definitive agreement to sell its automotive components business Magneti Marelli to CK Holdings Co., Ltd., a holding company of Calsonic Kansei Corp., a Japanese automotive component supplier. The agreement represents a transaction value of 6.2 billion...

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