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Peregrine Pharma reports FQ2 results
Dec 11 2015, 06:25 ET | About: Peregrine Pharmaceuticals ... (PPHM) | By: Mamta Mayani, SA News Editor Contact this editor with comments or a news tip
Peregrine Pharmaceuticals (PPHM +1.7%) FQ2 results: Revenues: $9.5M (+50.8%); R&D Expense: $14.2M (+42.0%); SG&A: $4.4M (+2.3%); Operating Loss: ($13.8M) (-14.0%); Net Loss: ($13.2M) (-9.1%); Loss Per Share: ($0.07) (unch); Quick Assets: $72M (+5.9%).FY2016 Guidance: Third-party contract manufacturing revenue: $35M - 40M from $30M - $35M.
 
Congress "very likely" to lift oil export ban, may include tax break for refiners
Dec 12 2015, 08:25 ET | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip
The 40-year-old ban on most U.S. crude oil exports "very likely" will be lifted in the government spending bill, according to reports citing congressional aides from both parties, as part of a deal D.C. lawmakers are negotiating as part of spending and tax measures Congress is aiming to pass by Dec. 16.In the deal said to be coming together, Congress would lift the export ban while also adopting environmental and renewable energy measures, including long-term extensions of wind and solar tax credits; also under discussion is a tax credit for independent domestic refineries, especially a few in the Northeast whose profits could be hurt if oil exports are allowed."There’s a view that this is the last chance" ahead of a presidential election year, says ClearView Energy Partners managing director Kevin Book.
 
Puerto Rico governor scheduled to make announcement
Dec 14 2015, 03:00 ET | By: Yoel Minkoff, SA News Editor Contact this editor with comments or a news tip
Puerto Rico Governor Alejandro Garcia Padilla is set to make an address today, in an announcement expected to reveal whether he will seek a second four-year term in next year's election.In June, Padilla revealed that the territory he was responsible for faced a serious $72B debt burden, and has since called for concessions from bondholders and lobbied U.S. lawmakers to make it easier to restructure the island's debt.More drama in the making: The U.S. territory owes $332M (backed by constitutional guarantees) on Jan. 1.
 

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