Here’s Why Tesla, Twitter, Total, and More Are Trending

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Mylan NV (NASDAQ:MYL) shares are 1.38% in the red today after Senate Judiciary Committee Chairman Chuck Grassley and Ranking Member Patrick Leahy called the FTC to review Mylan’s EpiPen business practices in relation to schools for possible anti-competitive behavior. The senators would like regulators to see if there were any violations of the law/regulations concerning Mylan’s exclusive contracts with schools that precluded the institutions from buying competing products. The number of funds in our system with holdings in Mylan NV (NASDAQ:MYL) fell by seven quarter-over-quarter to 44 at the end of June.

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Vine isn’t dead just yet. Although Twitter Inc (NYSE:TWTR)‘s management have said that they will shut down the service, TechCrunch reports that there are bidders interested in buying it. Don’t expect any sale of Vine to meaningfully boost Twitter’s stock, however, as apparently some bids are below $10 million. Jim Simons‘ Renaissance Technologies raised its stake in Twitter Inc (NYSE:TWTR) by 302% in the second quarter, to 3.16 million shares at the end of June.

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Supermajor Total SA (ADR) (NYSE:TOT) is trending after the company confirmed that it is the first Western energy company to sign a significant deal with Iran since sanctions were lifted. According to the deal, Total will further develop its part of Iran’s largest gas field, South Pars. Total will have a 50.1% stake in the project, which, if all goes to plan, will produce 1.8 billion cf per day. Total SA (ADR) (NYSE:TOT) was held by 16 hedge funds in our database at the end of June, up by six quarter-over-quarter.

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Disclosure: None

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