Home Depot and Moderna rise while Fabrinet and Sarepta fall

NEW YORK — Stocks that moved substantially or traded heavily on Tuesday:Home Depot Inc., up $9.14 to $217.09The home improvement retailer handily beat Wall Street’s second quarter profit forecasts as the housing market gained strength.Baidu Inc., up $4.50 to $108.72The Chinese internet search company reported a boost in user traffic and its second quarter profit beat Wall Street forecasts.Elanco Animal Health Inc., down $2.55 to $27.26The company is spending $7.6 billion in cash and stock for Bayer’s animal health business.Sarepta Therapeutics Inc., down $18.24 to $102.07The Food and Drug Administration declined approval for the drug developer’s newest muscular dystrophy treatment.Moderna Inc., up 75 cents to $14.15Regulators are putting the biotechnology company’s potential vaccine for the Zika virus under a special fast-track review process.Medtronic PLC, up $2.73 to $106.91The medical device maker’s results surpassed Wall Street’s fiscal first quarter financial expectations and the company raised its profit forecast for the year.Fabrinet, down $10 to $46.46The optical technology company gave investors a weak profit forecast for the current quarter.Kohl’s Corp., down $3.32 to $44.88The department store reported a sharper than expected decline in sales at established locations during the second quarter.The Associated Press read more

Top UN officials urge Libyan parties to endorse proposals on new unity

A statement issued yesterday by the Spokesperson for the Secretary-General, The UN chief welcomed today’s proposal of nominees for the Presidency Council of the Libyan Government of National Accord.“After months of turmoil and uncertainty, the Secretary-General urges Libyan leaders not to squander this opportunity to put the country back on the path to building a state that reflects the spirit and ambitions of the 2011 revolution,” the statement continued. “Now is the time for the parties to the political dialogue to endorse this proposal and sign the Agreement without delay.”The Spokesperson’s statement also noted that the Secretary-General remains committed to supporting the Libyan people through his Special Representative Bernardino León and the UN Support Mission in Libya (UNSMIL).”Speaking Thursday at a press conference in Skhirat, Morocco, where the latest round of the political dialogue has been under way, Mr. León said that “finally the moment has come in which we can propose a national unity government.”Mr. León said he would like Libyans to see the proposal as “an opportunity for their country but also an opportunity for so many people in the region, in Syria, Iraq, Yemen, countries where they cannot even afford the luxury of what we are doing here today.”He read out the names proposed for the government, which included Fayez Sarraj for the position of Prime Minister, current a Member of Parliament at the House of Representatives from Tripoli. read more