On Wednesday, Aoxing Pharmaceutical Company Inc (NYSEMKT:AXN)’s shares declined -12.55% to $2.34.
Aoxing Pharmaceutical Company Inc (AXN) shares rallied after Aoxing Pharmaceutical declared that the China Food and Drug Administration issued licenses to produce 50mg and 100 mg tablets of Tilidine Hydrochloride to its partner.
About 2.29 million shares have exchanged hands as of 11:46 a.m. ET recently, contrast to its average trading volume of about 1.26 million shares a day.
Jersey City, N.J.-based Aoxing Pharma is a pharmaceutical company that specializes in research, development, manufacturing and distribution of a variety of narcotics and pain-administration products and drug-relief medicine.
The company has more than 100 products in various formulations counting injection, tablets, capsules, oral solution and powders.
Aoxing Pharmaceutical Company, Inc., a specialty pharmaceutical company, researches, develops, manufactures, and distributes various narcotic, pain-administration, and addiction treatment pharmaceutical products primarily in the People’s Republic of China. The company’s principal products comprise Zhongtongan, a capsule of herbal extraction for the indication of oral and dental pain; and Bismuth Potassium Citrate, an oral solution for the treatment of chronic gastritis and stomachache due to excessive stomach acid.
Duke Energy Corp (NYSE:DUK)’s shares dropped -0.12% to $72.04.
Associates of American Electric Power, Berkshire Hathaway Energy, Duke Energy (DUK), Edison International, Eversource Energy, Exelon, Great Plains Energy, and Southern Company have signed a memorandum of understanding to pursue development of Grid Assurance™, a limited liability company that anticipates to offer subscribers cost-effective solutions for enhancing grid resiliency and protecting customers from prolonged transmission outages.
As projected, Grid Assurance will own and provide subscribers with timely access to an inventory of emergency spare transmission equipment that can otherwise take months to acquire. Grid Assurance filed a petition with the Federal Energy Regulatory Commission (FERC) late yesterday seeking confirmation that this service can be part of a transmission-owning entity’s strategy to effectively address grid resiliency mandates. Grid Assurance will not be FERC regulated, but plans to charge cost-based subscription fees, similar to FERC-regulated transmission formula rates. Cost-based subscription fees are predictable to facilitate subscribers’ ability to recover expenses.
Restoration of the transmission grid can be hampered by long lead times required to design, build and deliver critical replacement equipment counting large transformers, circuit breakers and other specialized electrical equipment. As projected, Grid Assurance will be more cost-effective than companies independently securing emergency spare equipment for high-impact, low-frequency events due to economies of scale, diversification and improved logistics.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.
At the end of Wednesday’s trade, Oneok Partners LP (NYSE:OKS)‘s shares dipped -0.48% to $37.14.
Oneok Partners LP (OKS) will continue to support the partnership’s performance. However, volatility in commodity prices, increasing competition and stringent regulations are causes of concern.
ONEOK Partners L.P., a Zacks Rank #3 (Hold) stocks, stated weak results in the first quarter with both earnings per unit and revenues lagging the Zacks Consensus Estimate. The partnership’s performance was affected by a sharp decline in commodity prices and lower weather relates sales contrast to the prior-year quarter.
ONEOK Partners is presently not expecting a reduction in drilling activities at its operating territories. However, ONEOK Partners’ midstream services will be affected if the upstream players reduce exploration and production to counter unfavorable price movements. This will subsequently affect the partnership’s cash inflow.
ONEOK Partners does not own all of the land on which its pipelines and facilities are built. The partnership attains rights to build and operate its pipelines and allied facilities on land owned by third parties and government agencies for a specific period. Sometimes, the partnership loses these rights because of its failure to renew contracts on acceptable terms or incurs higher costs to renew the same contracts.
ONEOK Partners, L.P. engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates in three segments: Natural Gas Gathering and Processing; Natural Gas Liquids; and Natural Gas Pipelines. The Natural Gas Gathering and Processing segment gathers and processes natural gas produced from crude oil and natural gas wells located in the Mid-Continent region; and gathers and processes natural gas in the Williston Basin, which spans portions of Montana and North Dakota, and the Powder River Basin of Wyoming.
Oi SA (ADR) (NYSE:OIBR), ended its Wednesday’s trading session with -0.50% loss, and closed at $2.01.
Oi SA (ADR) (OIBR) following art. 157, section 4, of Law No. 6,404/76 and CVM Instruction No. 358/02, informs its shareholders and the market in general that, after satisfying all of the contractual conditions precedent, the sale by Oi of all shares issued by PT Portugal SGPS, S.A. (“PT Portugal”) to Altice Portugal, S.A. (“Altice Portugal”), primarily encompassing the operations conducted by PT Portugal in Portugal and Hungary, as revealed in the Company’s Material Facts published on December 8, 2014, December 9, 2014, January 22, 2015 and April 22, 2015, became effective on this date.
Altice Portugal disbursed the total amount of 5.789 billion Euros for the acquisition of PT Portugal, of which 4.920 billion Euros were paid in cash to Oi and 869 million Euros were allocated to right away repay outstanding indebtedness of PT Portugal in Euros. The final purchase price is subject to post-closing adjustments to be calculated within the next months as a result of changes in the cash, indebtedness and working capital positions on the closing date.
Oi S.A. provides integrated telecommunication services for residential customers and governmental agencies, in addition to small, medium, and large companies in Brazil. It offers fixed-line voice services, such as installation, monthly subscription, metered services, collect calls, and supplemental local services; domestic and international long-distance services; broadband Internet access services; subscription television services; and bundled services, in addition to owns and operates public telephones.
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