PRE-MARKET | October 06, 2016 | $TWTR, $AAPL, $ES_F, $SPY, $YUM, $WMT, $CL_F, $TSLA, $GOOGL, $DIS, $LOW

PRE-MARKET MOVERS

1. AUPH: $AUPH Aurinia Open-Label AURION Data Demonstrating Increased Remission Rates over Time for Voclosporin

2. SCYX:  $SCYX Scynexis Announces Results from Two Completed SCY-078 Phase 2s; Closes $15 Term Loan – SI

3. ALQA:  $ALQA Alliqua Offers Prelim. Q3 Results; Sees Revenue Growth of 16% – Street Insider

4. ZUMZ:  $ZUMZ Zumiez shares rally on raised outlook from improved sales – MarketWatch

5. ICUI, PFE:  $ICUI ICU Medical to Acquire Pfizer’s $PFE Hospira Infusion Systems Business in $1B Deal – SI

6. KLAC, LRCX:  $LRCX LAM, KLA-Tencor $KLAC Cancel $10.6 Billion Merger Deal – TheStreet

7. LB:  $LB L Brands Comparable Sales Rise in September – WSJ

8. CMCSA, SMTH:  $SMTH Semtech lowers outlook on expenses from Comcast $CMCSA network deal – MarketWatch

9. BAH:  $BAH Raymond James Upgrades Booz Allen Hamilton to Outperform, $36 PT

10. KLAC:  $KLAC B. Riley Upgrades KLA-Tencor to Buy, $86 PT

11. MGM:  $MGM Argus Upgrades MGM Resorts to Buy

12. AAPL:  $AAPL Apple Shares Gain After-Hours Following Dialog Prelim. Results – SI

13. MYL: $MYL Mylan Accused by U.S. of Overcharging on Medicaid for Years – BBG

14. AXP:  $AXP Nomura Securities Downgrades American Express to Reduce on Flaccid Earnings, $56 PT

15. WMT:  $WMT Wal-mart Outlines Strategic Growth Plan; Reaffirms FY17 Outlook – Street Insider

16. CATO:  $CATO Cato Corp. September Comps Fell 9%; Cuts Q3 Outlook – Street Insider

17. LOW:  $LOW Cleveland Research Downgrades Lowe’s to Neutral

18. YUM:  $YUM Yum Brands Blames South China Sea Dispute For Weak Sales In China – Forbes

19. TSLA:  $TSLA Goldman Sachs Cuts Tesla to Neutral on FCF Concerns from Capital Deployment

20. SNN:  $SNN Berenberg Downgrades Smith & Nephew to Hold, GBP13.40 price target

21. RECN:  $RECN Resources Connection Inc. Earnings Decline 21% In Q1 – RTT

22. ALNY, MDCO:  $MDCO Sympathy move after negative $ALNY news

23. IDRA:  $IDRA Idera Pharmaceuticals Announces Proposed Public Offering of Common Stock Read more:

24. DIS, TWTR:  $TWTR Disney $DIS isn’t going to bid for Twitter, either – ReCode

25. TWTR:  $TWTR Jack Dorsey Is Losing Control of Twitter – BBG

26. CRM, TWTR:  $TWTR salesforce $CRM Unlikely to Bid for Twitter – Cowen

27. AAPL, GOOG, TWTR:  $TWTR Google $GOOG will not make a Twitter bid and Apple $AAPL is also an unlikely suitor – ReCode

28. ALNY:  $ALNY Alnylam Plunges 42% After Ending Development of a Key Medicine – BBG

UPGRADES

DOWNGRADES

Trending Social Alerts

1. TWTR:Twitter shares down nearly 18% in pre-market. Would be worst day since April 2015 if closed at these levels. $TWTR

2. SCTY:Goldman Sachs Downgrades Tesla Amid Cash Flow Concerns, Cuts Target To $185 $SCTY $TSLA

3. WMT:Walmart will host its 22nd annual Analyst Meeting at 8AM CT, highlighting the company’s plan to win in retail. $WMT…

4. AUPH:$AUPH Complete remission rates increase to 70% at 24 weeks. Patients in remission at 8 weeks remained in remission at 24 weeks

5. JASO:Gordon Johnson on his $15 $JASO PT: “If industry fundamentals turn…we think they’ll pull the go private offer”

Trending News Headlines

Arrowhead Pharmaceuticals Inc. and Spring Bank Pharmaceuticals, Inc. , a clinical-stage biopharmaceutical company developing novel therapeutics for the treatment of viral infections, cancer, and inflammatory diseases, today announced an agreement to perform collaborative studies on Arrowhead’s ARC-520

Embattled German lender Deutsche Bank announced Thursday that an extra 1,000 jobs would be lost in its home nation as part of an ongoing restructuring plan.

Alnylam said Wednesday evening that it was scrapping development of revusiran, one of the two most advanced gene-silencing drugs in the company’s pipeline.

Aurinia Pharmaceuticals Inc. a clinical stage biopharmaceutical company focused on the global immunology market, today announced 24-week data in all 10 patients from the AURION study, an open-label exploratory study to assess the short-term predictors of response using voclosporin in combination with

Oil prices were underpinned by a surprisingly large drop in U.S. inventory levels the previous day.

bluebird bio, Inc. , a clinical-stage company committed to developing potentially transformative gene therapies for severe genetic diseases and T cell-based immunotherapies for cancer, today announced the agenda and speakers for its Gene Therapy Day, starting at 9:00 am ET on October 13, 2016 at Le Parker

First patient enrolled in ZUMA-6 study evaluating safety and efficacy of anti-CD19 CAR (KTE-C19) therapy in combination with anti-PD-L1 monoclonal antibody atezolizumab SANTA MONICA, Cal…

Teva Pharmaceutical Industries Ltd. (NYSE and TASE:TEVA), Celltrion, Inc. and Celltrion Healthcare today announce that the companies have entered into

Wal-Mart expects next year’s earnings to come in relatively flat as it invests more in digital and technology.

At its 2016 Investment Community Meeting today, Wal-Mart Stores, Inc. (NYSE: WMT) will outline the companys strategic framework to grow by serving customers across all channels, creating a seamless…

Germany’s financial watchdog has found no evidence to date that Deutsche Bank (DBKGn.DE) violated money laundering rules in Russia, people close to matter said on Thursday, possibly relieving one headache for the country’s biggest bank.

Technology News

1. The New York Times confirms Yahoo really did scan all users’ emails on behalf of US Intelligence.

2. Government contractor secretly arrested for allegedly removing classified materials

3. PlayStation VR review: occasionally astonishing, but held back by old technology.

4. Video creation is where the power’s at in social today:

5. My story, which prompted OurMine to hack BuzzFeed, is back up:

6. Updated NSA arrest story: suspect’s lawyer says “no evidence that Hal Martin intended to betray his country”

7. The startup road-less-traveled: MailChimp and the un-Silicon Valley way to succeed. New from @fmanjoo

8. AT&T is turning to big media acquisitions as its ambitions in video delivery grow

9. Ex-WIRED editor starts his own drone co. One cofounder & $100M later, it’s not looking good. By @RMac18 @aatilley:

10. Introducing Prime Reading – The Newest Benefit for Prime Members. Latest from Amazon