On Wednesday, Shares of The Walt Disney Company (NYSE:DIS), lost -0.94% to $106.99.
Mylan N.V. (MYL) declared the launch of new resources featuring Disney content and programming, designed to assist families living with potentially life-threatening (severe) allergies understand the importance of anaphylaxis awareness and ensure they are ready to respond in case a life-threatening allergic reaction (anaphylaxis) occurs. The unique multimedia content, created by Disney in partnership with Mylan, focuses on the importance of having an anaphylaxis action plan in place, the critical first step of which is avoiding allergic triggers. The new resources comprise an educational website, MyAllergyKingdom.com, a children’s story book and cookbook, and food allergy-friendly programming at the 2015 Epcot International Food and Wine Festival this fall.
“Mylan has been a leader in the efforts to educate families about severe allergies, the importance of avoiding allergic triggers and being ready to respond to anaphylaxis. Our expertise coupled with the magic of Disney storytelling can assist support families managing severe allergies in an effective and engaging way,” said Mylan CEO, Heather Bresch. “We are thrilled to be able to bring these initiatives to life for the nearly 43 million people affected by severe allergies across the country who need support.”
The Walt Disney Company, together with its auxiliaries, operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive.
Shares of EOG Resources, Inc. (NYSE:EOG), inclined 3.40% to $79.93, during its last trading session, as Crude oil prices stabilized on Wednesday after falling more than 4 percent on Tuesday to reach $43.28 a barrel, their lowest price since March 2009. OPEC oil production reached a three-year high in July.
OPEC, whose members are responsible for 40 percent of the world’s oil supply, has refused to lower output in response to falling prices and raised it in July to 31.5 million barrels a day, the highest level since May 2012, Market Watch stated.
The World Bank warned on Monday that the influx of one million barrels of Iranian oil into the global oil supply will lower the price of U.S. oil by a further $10 by the end of the year.
The International Energy Agency (IEA) said the fall in oil prices has encouraged demand in the oil market. However, the IEA said on Wednesday that: “While a rebalancing has clearly begun, the process is likely to be prolonged as a supply overhang is predictable to persist through 2016—suggesting global inventories will pile up further,” according to Reuters.
EOG Resources, Inc., together with its auxiliaries, explores for, develops, produces, and markets crude oil and natural gas. The company’s principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and Canada, Trinidad, the United Kingdom, and China.
Finally, Range Resources Corporation (NYSE:RRC), ended its last trade with 0.29% gain, and closed at $38.66.
Range Resources Corporation declared that it has redeemed all $500 million in outstanding principal of its 6.75% Senior Subordinated Notes due 2020 (CUSIP No. 75281AAL3) at a price of 103.375% of the unpaid principal amount plus accrued interest. The notes were redeemed on August 3, 2015 with borrowings under the Company’s bank credit facility.
Range had formerly funded the redemption at significantly lower cost through its offering in May 2015 of $750 million aggregate principal amount of senior notes due 2025 at par, which carry an interest rate of 4.875%. Pending redemption of the 6.75% senior subordinated notes, funds were used to temporarily reduce borrowings under the bank credit facility. With this transaction accomplished, Range has reduced its interest expense on the refinanced debt by 1.875%, which amounts to over $9 million annual savings, while extending the average maturity of its debt. Presently Range has a Moody’s corporate family rating of Ba1 with a positive outlook and a Standard & Poor’s corporate credit rating of BB+ with a stable outlook. Liquidity under the borrowing base of Range’s bank credit facility is about $2 billion after the redemption. The borrowing base is not planned for redetermination until May 1, 2016.
Range Resources Corporation, an independent natural gas, natural gas liquids (NGLs), and oil company, engages in the acquisition, exploration, and development of natural gas and oil properties in the United States.
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