| 2017-11-19 20:02:45|
TWX, GE… 20:02 11/19 11/19/17
On The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Honda Motor (HMC) is recalling 900,000 minivans because second-row seats may tip forward if not properly latched after being adjusted, according to Reuters. 2. Galapagos NV (GLPG) reported positive topline results from its ALBATROSS Phase 2 study in cystic fibrosis patients with C1 corrector GLPG2222. The ALBATROSS study included 37 cystic fibrosis patients with a gating mutation on one allele and F508del mutation on the other allele. Primary objectives of this randomized, double-blinded, placebo controlled study were to evaluate the safety and tolerability and pharmacokinetics of novel C1 corrector GLPG2222 in this CF patient population. 3. Investors are warming to moderately priced blue chips, and IBM (IBM) could be the next "slumbering giant" that could fetch a higher valuation, Jack Hough wrote in this week's edition of Barron's. IBM's gross profit could grow in the current quarter for the first time in years, suggesting its big investment in analytic and cloud products are winning over customers, he noted, adding that a stock rebound could follow. 4. Warner Bros.' (TWX) "Justice League" opened to a disappointing $96M in North America, the lowest domestic opening of any title in the DC Extended Universe. Faring better overseas, the superhero mashup debuted to $185.5M from 65 markets. "Justice League" received a B+ CinemaScore and 37% from Rotten Tomatoes. 5. IBM (IBM) and Baker Hughes (BHGE) saw positive mentions in Barron's, while General Electric (GE) was mentioned cautiously.
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