PRE-MARKET MOVERS
1. CGG: 
$CGG CGG: announces agreement in principle on financial restructuring plan w main creditors & DNCA
$CGG CGG: announces agreement in principle on financial restructuring plan w main creditors & DNCA8. NXPI, QCOM: $QCOM EU regulators say Qualcomm has not offered concessions in NXP $NXPI bid – Reuters
$QCOM EU regulators say Qualcomm has not offered concessions in NXP $NXPI bid – Reuters9. NVS: $NVS Novartis presents updated data that reinforce the efficacy and safety of Kisqali® – PRN
$NVS Novartis presents updated data that reinforce the efficacy and safety of Kisqali® – PRN11. ODP: $ODP Office Depot reaches agreement to sell China operations to Shanghai company for undisclosed sum
$ODP Office Depot reaches agreement to sell China operations to Shanghai company for undisclosed sum15. BMY: $BMY Bristol-Myers Squibb reports data from phase 1/2 trial for cancers associated with HPV – MW
16. BMY, SGEN: $SGEN Bristol-Myers $BMY and Seattle Genetics move a promising flagship combo into PhIII – EP
UPGRADES
2. ENAKF, EONGY, UNPRF:E.On rises on Berenberg upgrade, expects increase in payout ratio
DOWNGRADES
2. STB:National Bank Downgrades Student Transportation $STB to Sector Perform, “Taking Our Foot Off the …
Trending Social Alerts
1. ALXN:$ALXN PT lowered to $136 from $203 at Leerink
2. ECYT:$ECYT halt
Trending News Headlines
1. Slower Hiring, Lower Unemployment Offer Mixed U.S. Labor Signs
2. New York AG Alleges Exxon Misled Investors on Climate
3. Lisa Abramowicz on Twitter
“After the disappointing May jobs report, the U.S. yield curve flattens considerably.”
4. Endocyte Announces Clinical Updates for EC1456 and EC1169
5. Wall Street Has More Bad News for OPEC: 2018 Doesn’t Look Great
6. UK PM May’s lead over Labour shrinks to 5 points: Ipsos MORI poll
7. Oil prices drop amid glut concerns, U.S. withdrawal from climate deal
Technology News
- As part of the historic Paris Accord these countries banded together to support serious climate action and commit to keeping global temperatures from rising more than two degrees celsius.
- As more of our travel shifts into shared cars the ability to rapidly convert the fleet to higher efficiency and electric vehicles accelerates.
- Time is short and continued American leadership both from the private and public sectors on the climate issue is the only way we will secure the future of our planet.
- The company confirmed that the attack appears to have started at PT but staff were alerted of unusual database activity some seven hours later who within minutes shut down the affected instance as well as the AWS keys that were used to create it.
- The threat actor was able to access database tables that contain information about users apps and various types of keys the company said.
- According to its website dozens of major multinationals including ARM Dun Bradstreet The Carlyle Group Conde Nast and Dropbox which a spokesperson disputed in an email are customers.
- Recently the food safety practices and procedures in the meat processing industry have been subject to more intense scrutiny and oversight by the USDA and future outbreaks of diseases among cattle poultry or pigs could lead to further governmental regulation of our business or of our suppliers.
- Failure to comply with all applicable laws and regulations could subject us or our suppliers to civil remedies including fines injunctions product recalls or seizures and criminal sanctions any of which could have a material adverse effect on our business financial condition and operating results.
- Food companies in the are subject to government inspection with or without notice at any time with concomitant responsibility to provide access to facilities and equipment produce extensive operational documentation and furnish product packaging and labeling samples for governmental examination.
- OneLogin staff was alerted of unusual database activity around am PST and within minutes shut down the affected instance as well as the AWS keys that were used to create it.
- Alvaro has over years in the IT sector and prior to joining OneLogin helped startups SMBs and Fortune companies with their security and data privacy compliance efforts.
- His commentary and articles have been featured in several publications including CIO CSO Network World Infosecurity eWeek and Help Net Security.
7. Chrome will soon stop showing ads on websites that are not compliant with the “Better Ads Standards”
- On Thursday Stripe launched Sigma a tool to help its customers analyze and make sense of the vast amounts of payments data that flows in and out of its service.
- Somebody in the company financial department taught themselves SQL got the hang of Sigma and used it to figure out a way to speed up the monthly close of the sales process by a full day Collison says.
- Rather as with the Stripe Radar fraud prevention tool the startup just heard that customers were having problems running their business online that they could otherwise solve.
- The company confirmed that the attack appears to have started at PT but staff were alerted of unusual database activity some seven hours later who within minutes shut down the affected instance as well as the AWS keys that were used to create it.
- The threat actor was able to access database tables that contain information about users apps and various types of keys the company said.
- According to its website dozens of major multinationals including ARM Dun Bradstreet The Carlyle Group Conde Nast and Dropbox which a spokesperson disputed in an email are customers.
11. Huge Miss on May US jobs report adds 138,000 jobs, failing to meet expectations
As previewed last night, the jobs “whisper” risk was to the downside, and in what was a very disappointing print released moments ago by the BLS, the whisper was spot on with only 138K jobs added in May, far below the 185K estimate, and below the lowest estimate of 140K. This was the second lowest print going back all the way to last October. Additionally, April’s big beat of 211K was revised substantially lower to only 174K, suggesting that any expectation the Fed may have had of “evidence” the recent economic slowdown was transitory was just crushed.
