(Updated with index futures, Constellation Brands, Nasdaq, Visa, Snowflake, Airbnb, Doordash, First Citizen)
April 11 (Reuters) –
Main stocks to follow Thursday on Wall Street, where index futures suggest an opening down 0.2% for the Dow Jones, 0.19% for the Standard & Poor’s-500 and 0.01% for the Nasdaq
* VERTEX PHARMACEUTICALS announced Wednesday evening the acquisition of ALPINE IMMUNE SCIENCES for approximately $4.9 billion in cash, representing a premium of approximately 67% compared to its target’s Tuesday closing price. This operation will allow Vertex Pharma to strengthen its position in the treatment of kidney diseases. In pre-market trading, Alpine Immune shares jumped 36.1%, while Vertex Pharma lost 2%.
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* REGENERON PHARMACEUTICALS – The US Department of Justice on Wednesday filed a complaint against the laboratory, accusing it of making false statements about the price of Eylea, its treatment for macular degeneration.
* US STEEL – The US Department of Justice has opened an in-depth investigation into Nippon Steel’s proposed takeover of US Steel for $14.1 billion, Politico reported Wednesday evening, citing two people directly informed of the matter.
* BLACKSTONE and CVC are part of a list of potential candidates for the acquisition of Superstruct Entertainment, a festival organizer in Europe, several sources informed of the matter reported to Reuters. The group could be valued at up to 1.5 billion pounds, according to two sources.
* AMAZON was ordered on Wednesday in the United States to pay $525 million to the technology group Kove for infringing its patents in data storage systems with its Amazon Web Services service. Amazon shares fell 1% in pre-market trading.
* CONSTELLATION BRANDS gains 1% in pre-market trading after announcing it expects annual profit above expectations, banking on resilient demand for its core beer brands despite stubborn inflation.
* GOLDMAN SACHS – Philip Berlinski, managing director of Goldman Sachs Bank USA, will join the hedge fund Millennium Management, the Financial Times reported on Thursday, citing two sources familiar with the matter. Several senior executives of the bank have left the group since the start of the year.
* RENT THE RUNWAY soars 44% in pre-market trading, with the clothing rental specialist anticipating annual revenue growth of 1% to 6% and free cash flow in balance on the whole year.
* GE AEROSPACE – John Slattery, the engine manufacturer’s commercial director, will leave the group in June while remaining an advisor to the company, CEO Larry Culp announced Wednesday.
* CROWN CASTLE – The telecom transmission tower operator announced the appointment of Steven Moskowitz as CEO, effective this Thursday.
* NASDAQ – Barclays begins monitoring at “overweight” with a price target of $76.
* VISA – TD Cowen starts monitoring at “buy” with a price target of 320 dollars.
* SNOWFLAKE – Keybanc begins monitoring at “overweighting” with a price target of 185 dollars.
* AIRBNB – Benchmark starts tracking at “buy” with a price target of $190, Needham lowers its recommendation from “buy” to “hold”.
* MASTERCARD – TD Cowen begins tracking at “buy” with a price target of $545.
* DEVON ENERGY – Gerdes Energy Research lowers its recommendation from “buy” to “neutral”.
* DOORDASH – Moffettnathanson raises his recommendation from “neutral” to “buy”.
* FIRST CITIZENS BANCSHARES – Barclays begins “online weighting” monitoring (Written by Augustin Turpin and Claude Chendjou, edited by Sophie Louet)
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