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Shares of Infineon Technologies AG (IFNNY) were gaining around 7 percent in the morning trading in Germany after the semiconductor maker obtained antitrust clearance from China's State Administration for Market Regulation for its merger transaction with US-based Cypress Semiconductor Corp. (CY). In...

Thales (THLEF.PK) announced a series of measures to deal with the Covid-19 crisis, which include: significant reduction in discretionary spending; strengthening of actions to control working capital requirements; deferral of non-critical investments; maintaining the continuity of critical and strategic...

Brenntag AG (BNTGF.PK) said its Board of Management has decided to suspend the forecast for fiscal 2020 due to the considerable uncertainty about the future effects of the COVID 19 pandemic on global economic performance. The company's business performance in the first quarter was not significantly impacted...

HNI Corp. (HNI) said it has suspended its fiscal 2020 sales and earnings forecast due to the uncertainty caused by the coronavirus pandemic. At the end of the first quarter 2020, the company had $233 million in total debt. The company noted that its liquidity position is strong, and it is taking...

Rite Aid (RAD) plans to hire 5,000 associates for full and part-time roles across the U.S. to support store and distribution center teams. Positions will include cashiers, pharmacy technicians and distribution center associates. Rite Aid created a Hero Program for field employees. As part of the program,...

Xcel Energy (XEL) said it will sell the Mankato Energy Center, a 760-megawatt plant power plant, to Southwest Generation for $680 million. The company plans to use the net gain on the sale to fund its corporate giving efforts, including support related to COVID-19 recovery. Xcel Energy purchased the...

Thermo Fisher Scientific Inc. (TMO) said that it has withdrawn 2020 guidance, due to the evolving COVID-19 pandemic and related customer impact. The company said it saw a significant reduction in customer activity by late March, as the pandemic spread from China to countries worldwide. The company...

INOVIO Pharmaceuticals, Inc. (INO) announced Monday that it plans the first dose of its COVID-19 vaccine today as it initiates Phase 1 clinical efficacy trial of INO-4800, its DNA vaccine candidate, in healthy volunteers. This follows the U.S. Food and Drug Administration's acceptance of the company's...

Perrigo Company plc (PRGO), a provider of over-the-counter health and wellness solutions, reported FDA approval for its abbreviated new drug application for over-the-counter diclofenac sodium topical gel 1%. The FDA approved Voltaren Arthritis Pain (diclofenac sodium topical gel, 1%) for nonprescription...

GlaxoSmithKline plc (GSK, GSK.L) has collaborated with Vir Biotechnology Inc. (VIR) to research and develop potential treatments for COVID-19. In addition, GlaxoSmithKline will invest $250 million in Vir. The equity investment is priced at $37.73 per share, a 10% premium to the closing share price...

Menlo Therapeutics Inc. (MNLO) said that two Phase 3 clinical trials did not meet their respective primary endpoint of demonstrating statistically significant reduction in pruritus in patients treated with serlopitant compared to placebo based upon a 4-point improvement responder analysis. The two...

Woodward, Inc. (WWD) and Hexcel Corp. (HXL) have mutually agreed to terminate their merger deal. The companies concluded that given the significant uncertainty in the market caused by the COVID-19 pandemic, it would not be prudent to continue to pursue the combination. Neither party will be required...

Pembina Pipeline Corp. (PBA, PPL.TO) said Monday that it has entered into a new $800 million unsecured revolving credit facility with certain existing key lenders. In addition, the company's board of directors has declared a common share cash dividend for April 2020 of $0.21 per share and quarterly dividends...

Albany International Corp. (AIN) has decided to withdraw its financial guidance for 2020. The company also provided an update on its operations to reflect the impacts from COVID-19. Within the Albany Engineered Composites segment, operations have been disrupted at certain facilities. Also, the company...

CVS Health Corp. (CVS) announced Monday that it has joined forces with federal and state officials to announce the opening of rapid COVID-19 drive-through testing sites in Georgia and Rhode Island. The test sites will bolster state efforts to manage the spread of the virus and provide on-the-spot test...

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