Company News for Sep 23, 2019

  • Shares of McDermott International, Inc. MDR gained 27.2% after the engineering and construction services provider to the energy industry said that it was exploring the sale of its Lummus Technology business.
  • Shares of Merck & Co., Inc. MRK rose 1.4% after the FDA approved the company’s drugs Pifeltro and Delstrigo for “virally suppressed” HIV-1 patients.
  • Shares of Netflix, Inc. NFLX declined 5.5% after CEO Reed Hastings warned of tough competition from Apple and Disney.
  • Shares of Xilinx, Inc. XLNX dropped 6.8% after the chipmaker’s CFO Lorenzo Flores said he was stepping down.

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