Apple Inc. (AAPL) – AppleInsider reports that after years of trials, retrials and appeals Samsung has agreed to pay Cupertino $548 million for infringing on Apple’s patents.
In a statement submitted to the U.S. District Court for the Northern District of California, Samsung said it “has made arrangements” with Apple to complete a damages payment totaling $548,176,477.
Shares of Apple are up 1.15% to $116.50 in morning trading Friday.
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Shares of Valeant Pharmaceuticals International, Inc. (VRX) are higher by 2.07% to $95.60 in morning trading on Friday following a NY Post report saying that Valeant’s Chief Executive Michael Pearson will not be asked to testify at next week’s Senate subcommittee hearing on drug pricing.
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KaloBios Pharmaceuticals, Inc. (KBIO) shares surged as much as 25% in early trading after the company announced it would acquire a benznidazole program for the treatment of Chagas Disease (a parasitical infection transmitted by insects known as ‘kissing bugs’) from privately-held Savant Neglected Diseases LLC for an upfront payment of $2 million, as well as milestone and royalty payments.
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EMC Corporation (EMC) – The name was upgraded to ‘Outperform’ from ‘Underperform’ at Credit Agricole.
Shares of EMC Corp are up $0.22, or 0.84%, at $25.79 in early trading.
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