Morning Buzz: General Electric (GE), Yahoo (YHOO), Alliance Fiber Optic Products (AFOP), Intercept (ICPT)

General Electric (GE) – Bloomberg reports that GE could become top player in oil services if it decides to bid for Baker Hughes (BHI). A U.S. Justice Department lawsuit filed this week against Halliburton (HAL) to prevent the tie-up of the second and third largest oilfield services companies on the grounds that the merger “threatens to substantially lessen completion in numerous markets,” could soon put Baker Hughes back in play, with GE seen as the most likely bidder, the report said.

Yahoo! Inc. (YHOO) – Re/Code’s Kara Swisher reported Friday morning that Yahoo has moved the deadline for bidders from April 11 to April 18.

Verizon (VZ) is ready to make a bid for Yahoo’s web business, Bloomberg reported on Thursday. Alphabet’s Google (GOOG) unit, Time Inc (TIME) as well as private equity firms Bain and TPG are also mulling a bid for Yahoo’s core business.

Shares of the struggling web portal are rising 1.70% to $36.78 this morning.

Alliance Fiber Optic Products Inc. (AFOP) is up 18% pre-market following this morning’s announcement of deal to be acquired by Corning Inc (GLW) for $305 million, or $18.50 per share, 20% over Alliance’s Thursday closing PPS.

Intercept Pharmaceuticals (ICPT) — The drug maker’s shares are up more than 6 percent in morning trading on Friday after an FDA advisory panel voted 17-0 to recommend accelerated approval of Intercept’s liver treatment ‘Ocaliva’.

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