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Dendreon (NASDAQ:DNDN) is getting slammed (again) after it became known the SEC is investigating the company. Also a successful trial of Johnson & Johnson’s (NYSE:JNJ) drug Zytiga is super bad news for the speculative DNDN because JNJ is now competing head to head. Get ready for some serious whiplash in shares.
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Pfizer (NYSE:PFE): A study by Vanderbilt University concludes Zithromax, an antibiotic used for common infections, may increase the chance for rare, but deadly, heart problems. Zithromax is marketed by Pfizer (NYSE:PFE).
Bank of America Corporation (NYSE:BAC) hired Ray Wood, Galvin Wolfe and Jason Satsky from Credit Suisse (NYSE:CS). The will join the energy and power group. Shares of Bank of America Corporation are trading 1.08% lower today.
AIG (NYSE:AIG): The New York Fed has delayed offloading $1.7 billion of debt in its Maiden Lane III portfolio. They want to give the market more time to analyze the portfolio, according to Bloomberg, which cited an unnamed source. Shares of AIG (NYSE:AIG) are down 2.2%.
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