On Thursday, Peabody Energy Corp. (NYSE:BTU)’s shares climbed, as Peabody Energy will declare the results for the quarter ended March 31, 2015. A conference call with administration is planned for 10 a.m. CDT on Thursday, April 23.
Peabody Energy Corporation engages in the mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments.
Shire plc (NASDAQ:SHPG)’s shares jumped during the last trading session on Thursday, after a biopharmaceutical company, declared that the United States Food and Drug Administration (FDA) has accepted for filing the New Drug Application (NDA) for lifitegrast and granted a Priority Review designation. Lifitegrast is an investigational treatment for dry eye disease in adults and, if approved, has the potential to be the first treatment indicated to address both signs and symptoms of the disease. The FDA is predictable to provide a decision on October 25, 2015, based on the Prescription Drug User Fee Act V action date.
The FDA grants Priority Review designation to drugs that have the potential to provide noteworthy improvements in the safety or effectiveness for the treatment, diagnosis or prevention of a serious disease. Drugs with Priority Review designation have an accelerated review target of eight months, instead of the standard of 12 months
The NDA filing is supported by the totality of evidence from four clinical trials with more than 1,800 patients. These comprise one Phase 2 study, two Phase 3 efficacy and safety studies, and one long-term Phase 3 safety study.
Shire plc, a biopharmaceutical company, together with its auxiliaries, researches, develops, licenses, manufactures, markets, distributes, and sells pharmaceutical products. It offers various products for the treatment of attention deficit hyperactivity disorder (ADHD), counting VYVANSE/ VENVANSE/ ELVANSE/ TYVENSE/ ELVANS E VUXEN/ADUVANZ; INTUNIV, an alpha-2A receptor agonist; EQUASYM, a methylphenidate hydrochloride; and ADDERALL XR, an extended release treatment for ADHD.
At the end of Thursday’s trade, Yandex N.V. (NASDAQ:YNDX)’s shares climbed, as an Internet search engine declared it will report its financial results for the quarter ended March 31, 2015, on Tuesday, April 28, 2015. On that day, administration will hold a conference call and webcast at 8:00 a.m. U.S. Eastern Time (3:00 p.m. Moscow time, 1:00 p.m. London time) to review and talk about the Company’s results for the first quarter.
Yandex N.V. operates an Internet search engine in Russia and internationally. The company offers a range of search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices; and localized homepages for specific geographic markets.
General Electric Company (NYSE:GE), ended its Thursday’s trading session in Green, after GE Transportation accomplished the first production test of its GE Evolution Series Tier 4 engine. This production test evaluates the performance, emissions and mechanical properties of the engine. This is the first engine to go through the newly built test cell in Grove City and will be sent to one of GE’s locomotive assembly facilities to be installed into a GE Evolution Series Tier 4 locomotive.
The Grove City facility serves the global transportation industry in building new and remanufactured diesel engines for locomotives as well as for marine and stationary power applications. With a total production of about 3,000+ engines a year, it is one of the largest locomotive diesel engine manufacturing sites in the world.
GE began building Evolution Series engines in 2003. These engines were designed to meet the U.S. Environmental Protection Agency’s (EPA) Tier 2 locomotive emission standards. This newest engine meets the EPA’s Tier 4 locomotive emissions standards, which took effect on January 1st, 2015. GE Transportation was able to meet Nitrogen Oxides (NOx) and Particulate Matter (PM) emissions reductions by at least 70% from Tier 3 emission standards. The new test cell, built specifically for the Tier 4 engine, is equipped to improve technology and tooling that test for performance and Tier 4 emissions levels.
GE has been operating in Grove City for over 42 years. Over the past four years, GE has invested $130 million in the facilities in Grove City to support remanufacturing and the Tier 4 engine. As part of that total, $20 million was spent to improve the machines, testing and equipment for this specific line. This investment has created over 400 new jobs. In total, Grove City has over 1,200 employees, who work across two manufacturing plants.
General Electric Company (GE) operates as an infrastructure and financial services company worldwide. The company’s Power and Water segment offers gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls, and related services; wind turbines; and water treatment services and equipment. Its Oil and Gas segment provides surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, reactors, industrial power generation, and auxiliary equipment.
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