On Friday, Shares of The Dow Chemical Company (NYSE:DOW), gained 0.05% to $43.78.
The Dow Chemical Company was named to the Dow Jones Sustainability World Index as one of the top performers in the global chemical industry, marking the 15th time Dow has received this recognition since the launch of the index. This year’s declaration ties Dow as the longest-standing representative in the chemical category since the list’s inception in 1999.
With only 10 chemical companies named to the World Index in 2015, Dow is proud to be recognized for sustainability performance in the top 10 percent of the chemical industry. In addition, Dow received a perfect score of 100 on the Climate Strategy and Customer Relationship Administration sections, demonstrating the Company’s unique strengths of working closely with customers to develop differentiated, science-based solutions to address recently’s global challenges.
“Through our 2025 Sustainability Aims, Dow will assist lead the transition to a more sustainable economy and society,” said Neil Hawkins, Dow’s corporate vice president for environment, health and safety (EH&S) and chief sustainability officer. “From the ‘footprint’ of our operations, to the positive ‘handprint’ of our products, to the development of new ‘blueprints’ for a more sustainable world, we are proud to be embarking on the third decade of rigorous sustainability aim-setting at Dow. Today’s declaration marks the latest milestone in our sustainability journey, and we are both proud and humbled to be named to the Dow Jones Sustainability World Index for the 15th time.”
“Dow’s recognition in the index reflects the Company’s science and technology leadership through ongoing commitment to addressing pressing global challenges while driving profitable growth for investors,” said Howard Ungerleider, executive vice president and chief financial officer.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
Shares of Orexigen Therapeutics, Inc. (NASDAQ:OREX), declined -15.28% to $2.44, during its last trading session, hitting its lowest level.
Orexigen Therapeutics declared that funds managed by The Baupost Group, L.L.C. have purchased 20 million shares of its common stock and warrants to purchase 5 million shares of its common stock in a Private Placement, at a purchase price of $3 per share of common stock and 0.25 of a warrant, raising $60 million. The warrants are exercisable for five years at $6 per share.
Orexigen intends to use the funds to strengthen its balance sheet as the Company advances plans for the commercial launch of Mysimba™ (naltrexone HCl / bupropion HCl prolonged release) in Europe while in parallel ongoing partnering negotiations for the rights to Contrave® (naltrexone HCl and bupropion HCl extended release) and Mysimba in markets in Europe and other territories outside the U.S.
“We are very happy to count Baupost as an investor in Orexigen. We are now in a position to expedite several key steps supporting a European launch in the second half of 2016, counting seeking country specific pricing approvals, engagement with obesity specialists and prominent treatment centers, and sponsorship of clinical research. In other key international markets, we plan to file applications for approval for Contrave / Mysimba,” said Mike Narachi, CEO of Orexigen.
Orexigen Therapeutics, Inc., a biopharmaceutical company, focuses on the development of pharmaceutical products in the United States. The company offers Contrave for the treatment of obesity.
Finally, Baidu, Inc. (NASDAQ:BIDU), ended its last trade with -1.85% loss, and closed at $144.03.
CloudFlare, the leading Internet performance and security company, and Baidu (BIDU), China’s leading search engine, declared a planned partnership to launch the first-ever unified global platform to make Internet applications fast, secure, and more intelligent in China and around the world. The partnership joins together CloudFlare’s pioneering technology with Baidu’s extensive network across mainland China. Together, CloudFlare and Baidu are enabling Chinese and international businesses to grow their global online presence, while improving application performance and security inside and outside of China.
CloudFlare’s cloud acceleration and security platform transforms the way SMBs and enterprises deploy services at the edge of their networks — disrupting the traditional model of on-premise appliance deployments. Leveraging CloudFlare’s international network outside of China, and Baidu’s network inside of China, any enterprise can rapidly and securely deploy cloud-based firewall, load balancing, WAN optimization, distributed denial of service (DDoS) mitigation, content delivery, and DNS services worldwide — without a single piece of hardware. In just the past day, CloudFlare has saved Chinese users more than 243 years of time that, before this partnership, would have been collectively spent waiting for web content to load.
“Baidu’s mission has always been to provide the best and most equitable way for people to find what they’re looking for. As people search for the content and services they want, they expect it to be fast and secure everywhere, all of the time,” said Ya-Qin Zhang, president of Baidu. “Our partnership with CloudFlare makes this possible, and is the first of its kind between a Chinese and American Internet company. Together, CloudFlare and Baidu have the opportunity to transform the Internet for the better in China and worldwide.”
“China is the world’s largest online population with more than 650 million Internet users, and we are proud to partner with Baidu to make our technology available in China, in addition to to extend services for our customers into the China market, ” said Matthew Prince, co-founder and CEO of CloudFlare. “With this partnership, CloudFlare has become the only unified network that can provide performance and security to the entire world’s Internet population.”
Baidu, Inc. provides Internet search services in China and internationally. It offers Chinese language search platform on its Baidu.com Website that enables users to find relevant information online, counting Web pages, news, images, documents, and multimedia files through links offered on its Website; and international products and services to users in other countries.
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