On Friday, Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX)’s shares declined -5.60% to $125.47.
Vertex and the University of Massachusetts (UMass) declared the recipients of the nual Vertex Science Leaders Scholarshipa four-year scholarship to pursue their education in Science, Technology, Engineering and Math (STEM) at any UMass campus. The annual scholarship is part of a broad program developed by Vertex to enhance STEM education for Boston’s youth.
This year’s recipients are two students from Excel High School.
- Cankang Wu plans to study engineering g at UMass Amherst. Cankang emigrated with his family from China and will be the first to attend college. As a child he developed an early interest in engineering and technology after spending his days at his father’s wood-processing factory.
- Gladynel Baez will attend UMass Boston to study biology and has aspirations of becoming a doctor. She was inspired to pursue a career in science after losing two aunts and her grandfather to cancer and spending time in Vertex’s Learning Lab.
Vertex Pharmaceuticals Incorporated engages in discovering, developing, manufacturing, and commercializing small molecule drugs for patients with serious diseases in specialty markets. The company focuses on developing and commercializing therapies for the treatment of cystic fibrosis (CF); and advancing its research and early-stage development programs.
Caesars Entertainment Corp (NASDAQ:CZR)’s shares gained 16.74% to $8.02.
In the first week of June, MGM Resorts International (MGM), Wynn Resorts Ltd. and Caesars Entertainment Corp. (CZR) were in focus with the passing of two bills by the Governor of Nevada that would further whet the appetite for gambling and boost the state’s sports betting industry.
Further, Caesars Entertainment’s domestic charter service, Total Rewards Air clinched agreements with two airlines to expand its commercial operations. Meanwhile, the possible merger of MGM Resorts and Wynn Resorts brought the companies into limelight.
Company’s Total Rewards Air – a domestic charter service that offers fast and easy way to travel to casino resorts – has reached three-year agreements with Sun Country Airlines and Via Airlines to enhance its commercial operations. Per the agreement, Sun Country Airlines and Via Airlines will serve as the main operating partners for Total Rewards Air and will provide service to more than 100 origin cities across the U.S.
The new technology by Total Rewards Air will make flight and hotel packages booking easy. The expanded service will comprise more than 1,800 flights annually to the Total Rewards Air primary destination hubs of Atlantic City, Laughlin, NV, and Tunica and Biloxi, MS.
Caesars Entertainment Corporation, through its auxiliaries, provides casino-entertainment and hospitality services in the United States and internationally. It operates in four segments: Caesars Entertainment Resort Properties, Caesars Growth Partners Casino Properties and Developments, Caesars Interactive Entertainment, and Caesars Entertainment Operating Company.
At the end of Friday’s trade, Expeditors International of Washington (NASDAQ:EXPD)‘s shares dipped -2.63% to $48.20.
Expeditors International of Washington (EXPD) declared the appointment of Daniel R. Wall to the position of President, Global Products. Mr. Wall will assume the Company’s product leadership role presently held by R. Jordan Gates. On April 1, 2015 the Company declared Mr. Gates’ intention to retire in 2015. His retirement will become effective on July 31, 2015.
Mr. Wall started his 28-year career at Expeditors as a messenger responsible for clients’ Customs documents in the Seattle branch office in 1987. During the course of his career, he has held many positions counting the District Manager of the Company’s Denver and Seattle offices, Global Director of Account Administration, and the position he presently holds as the Company’s Senior Vice President responsible for Ocean Services and Order Administration.
Expeditors International of Washington, Inc. provides logistics services. The company’s services comprise air and ocean freight consolidation and forwarding, customs clearance, warehousing and distribution, purchase order administration, vendor consolidation, time-definite transportation services, cargo insurance, and other logistics solutions. It acts as a freight consolidator or as an agent for the airline, which carries the shipment.
Stone Energy Corporation (NYSE:SGY), ended its Friday’s trading session with -6.59% loss, and closed at $4.26.
Stone Energy Corporation (SGY) offered a drilling and production update. In the Gulf of Mexico deepwater, operations at the Cardona #6 development well, located in Mississippi Canyon block 29, have been proceeding ahead of plan and below budget, and drilling has been accomplished through the targeted zones. The well encountered about 288 feet of net pay in two intervals, similar to the Cardona #5 net pay of 275 feet. Analysis of logging and pressure data confirmed the existence of oil in the pay zones. The well has been successfully cased and cemented across all productive zones, the subsea tree has been installed and completion operations have begun. The well will be tied into our existing Cardona subsea infrastructure, which flows into Stone’s Pompano platform. It is predictable that gross production from Cardona #6 will reach about 5,000 Boe per day (65% working interest) from the lower completion by late September.The upper completion is predictable to have a similar production rate and will be accessed in the future by hydraulically shifting sleeves between the upper and lower completions.
Upon completion of the Cardona #6 well, the ENSCO 8503 deepwater drilling rig will be released for about 60 days to receive planned maintenance and to be outfitted with mooring capabilities. The rig will then be mobilized to Mississippi Canyon block 26 to finish the completion of the Amethyst discovery (100% working interest). Amethyst will also be tied back to the Pompano platform, where first production is predictable early in the first quarter of 2016. Following the Amethyst completion, the rig is presently projected to drill the Cardona #7 development well and the Lamprey deep water exploration prospect.
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region. As of December 31, 2014, it had estimated proved oil and natural gas reserves of about 915 billion cubic feet of gas equivalent. The company was founded in 1993 and is headquartered in Lafayette, Louisiana.
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