Euro Tech Holdings Company Ltd (NASDAQ:CLWT) (Benzinga)
Euro Tech Holdings Company Limited (NASDAQ: CLWT) shares jumped 26.9 percent to $3.30 after the company disclosed that it has signed an Equity Transfer Agreement to sell its 20 percent equity stake of Zhejiang Jiahuan Electronics Co., Ltd.
Geron Corporation (NASDAQ:GERN) (The Motley Fool)
What happened: Shareholders of small-cap biotech Geron Corporation (NASDAQ:GERN) are in for yet another wild day today. The company’s stock fell by over 18% on heavy volume right out of the gate this morning due to fears arising from a possible class action lawsuit. The potential lawsuit reportedly stems from the STAT article published yesterday by Adam Feuerstein that cast doubt on the strength of Geron’s mid-stage trial data for its anti-cancer compound, imetelstat. As of 10:45 a.m. EDT, Geron’s shares are down by a whopping 28.4%.
Square Inc (NYSE:SQ) (MarketWatch)
Square Inc. SQ, -8.11% shares are on track for their biggest percentage drop in five months, with the stock down 7.1% in midday trading as part of a broader rout in the tech sector. Shares dropped 8% in late November due to concerns over the potential risks of the company’s decision to allow Bitcoin BTCUSD, -0.95% trading within the Square Cash app. Square is among the biggest tech losers in Wednesday’s session.
Shire PLC (ADR) (NASDAQ:SHPG) (The Guardian)
Shares in the UK-listed drugmaker Shire surged after Japan’s biggest pharmaceutical company, Takeda Pharmaceutical, said it was considering making a takeover approach. Shire’s shares jumped as much as 33% to £38.79 on the news, and later traded 17% higher at £36, valuing the company at £32.8bn. Takeda’s market value is about £29bn, around the same as Shire’s at Tuesday night’s closing price. Shire, founded in Basingstoke, Hampshire, in 1986, is best known for its ADHD drug Adderall but its focus in recent years has been on rare diseases. The company is based in Dublin for tax purposes but run from Boston. It has scaled back its presence in the UK and most of its operations are in the US.
RSP Permian Inc (NYSE:RSPP) (CNBC)
RSP Permian – The oil and natural gas company will be acquired by rival Concho Resources in an $8 billion all-stock deal. The combined company will run the largest drilling program in the Permian Basin.