Shares of Tesla Motors, Inc. (TSLA) are higher by 4.06% to $280.07 in pre-market trading on Thursday after the automaker said it delivered 11,507 Model S sedans during the second quarter, a 52% surge in the three months through June. The company predicted in May that it would sell 10,000 – 11,000 of the electric-powered car during 2Q/15.
Though a company record, the 11,507 deliveries still fall short of Elon Musk’s sales goal of 55,000 deliveries in 2015.
Shares of Xoom Corporation (XOOM) spiked up by more than 28 percent on Thursday after the company announced in a press release that it will be acquired by PayPal for $890 million, or $25 per share in cash. That gives stockholders in the digital money transfer provider a 21-percent premium over Wednesday’s closing price of $20.70.
“Our aim is to bring the companies together to make it a true consumer champion in remittances,” PayPal President Dan Schulman said in an interview with Reuters. PayPal (soon to be PYPL) is currently a unit of eBay (EBAY) but is set to become a publicly traded company later this year.
Shares of Applied Genetic Technologies Corporation (AGTC) are higher by nearly 18% following this morning’s announcement of a broad collaboration and license agreement with Biogen (BIIB) to develop gene-based therapies for multiple ophthalmic diseases. Under the terms of the deal, Applied Genetic will receive $124 million upfront, which includes a $30 equity investment at $20.63.
“With this collaboration, we hope to advance gene therapies to open possibilities for patients who suffer from diseases that are well understood, but have no adequate treatment,” stated Olivier Danos, Ph.D., senior VP, cell & gene therapy at Biogen. “AGTC is an exceptional partner to help us advance our gene therapy capabilities by targeting diseases of the eye – an organ that provides an ideal setting for the localized, selective delivery of gene-based therapies.”
Facebook (FB) shares are up more than 1 percent in pre-market trading after the social networking giant said it will begin sharing ad revenue with video creators, hoping to attract better content and more ads. According to MW, FB users watch videos 4 billion times a day across the social network. If successful, the effort will make Facebook a serious competitor to Google’s (GOOG) YouTube.
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