Monday, August 1, 2011


Shares of Las Vegas Sands Corp. (NYSE: LVS) rose as much as 2% after Macau government's statistics showed that the world's largest gambling market, posted a 48.4 percent rise in July gambling revenue to 24.2 billion patacas ($3.01 billion).

Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) slumped more than 5% after the company announced that its Phase III clinical trial of its experimental multiple sclerosis pill Laquinimod failed to meet its primary endpoint.

Sun Healthcare Group Inc. (NASDAQ: SUNH) sank more than 53% Monday after the Centers for Medicare and Medicaid Services announced on Friday an 11.1% cut in fiscal 2012 payments.

Jazz Pharmaceuticals (NASDAQ: JAZZ) rallied more than 3% after Jefferies upgraded its rating on the company to Buy from Hold to Buy. The firm also raised its price target on the stock to $52 from $29.

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