Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) announced that it has entered into a licensing agreement with Janssen Pharmaceuticals, Inc. for the worldwide development and commercialization of VX-787, a novel medicine discovered by Vertex for the treatment of influenza. As part of the agreement, Vertex will receive an up-front payment of $30 million from Janssen and has the potential to receive additional development and commercial milestone payments as well as royalties on future product sales. Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) net profit margin is -36.90% and weekly performance is 41.95%. On last trading day company shares ended up $93.53. Analysts mean target price for the company is $90.45. Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) distance from 50-day simple moving average (SMA50) is 37.30%.
Facebook Inc (NASDAQ:FB) said it has high hopes from the virtual reality space becoming a universally used consumer technology. Only three months after it acquired the virtual headset maker Oculus VR for almost $2 billion, the social networking giant is aiming to up the pace of innovation in the industry by inviting other players to the game. Facebook Inc (NASDAQ:FB) shares advanced 0.54% in last trading session and ended the day on $65.72. FB Gross Margin is 78.40% and its return on assets is 11.30%. Facebook Inc (NASDAQ:FB) quarterly performance is 1.28%.
On 23 JUNE News Corp (NASDAQ:NWSA) said it agreed to sell its community newspaper business to Les and Jennifer Goodstein, owners of several local New York papers. News Corp (NASDAQ:NWSA) shares moved up 0.69% in last trading session and was closed at $17.49, while trading in range of $17.19 – $17.64. News Corp (NASDAQ:NWSA) year to date (YTD) performance is -2.94%.
On 23 JUNE Micron Technology, Inc. (NASDAQ:MU) announced results of operations for its third quarter of fiscal 2014, which ended May 29, 2014. Revenues for the third quarter of fiscal 2014 were $3.98 billion and were 3 percent lower compared to the second quarter of fiscal 2014 and 72 percent higher compared to the third quarter of fiscal 2013. Micron Technology, Inc. (NASDAQ:MU) ended the last trading day at $32.50. Company weekly volatility is calculated as 3.02% and price to cash ratio as 7.72. Micron Technology, Inc. (NASDAQ:MU) showed a positive weekly performance of 0.78%.
On 23 JUNE Intel Corporation (NASDAQ:INTC) announced a new brawny HPC processor and a family of network fabric components that incorporates silicon photonics technology. The new chip, the next-generation of the Xeon Phi family, comes with up to 16 gigabytes of high-performance memory and more than 60 computing cores. Intel Corporation (NASDAQ:INTC) net profit margin is 18.00% and weekly performance is 1.84%. On last trading day company shares ended up $30.50. Analysts mean target price for the company is $29.64. Intel Corporation (NASDAQ:INTC) distance from 50-day simple moving average (SMA50) is 12.33%.