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HIGHER: CDW (CDW), up 6% after being selected to enter the S&P 500 index at open on September 23... Construction Partners (ROAD), up 2% after its 5M share secondary priced at $14.25 per share... vTv Therapeutics (VTVT), up 6% after presenting additional data from its phase 2 Simplici-T1 study in patients with type 1 diabetes at the European Association for the Study of Diabetes... NewLink Genetics (NLNK), up 7% after the FDA accepted Merck's (MRK) biologics license application and granted priority review for the investigational Ebola vaccine. The... -The Fly
From housing economist Tom Lawler: Early Read on Existing Home Sales in AugustBased on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.42 million in August, unchanged from July’s preliminary estimate and down 1.3% from last August’s seasonally adjusted pace. Unadjusted sales will probably be down slightly from a year ago, with the SA/NSA gap reflecting this August’s lower business... -Calculated Risk
The Federal Communications Commission approved the sale of Tribune Media Company (TRCO) broadcast stations to Nexstar Media Group (NXST). In connection with this transaction, the Commission also approved the divestiture to Scripps Broadcast Holdings, LLC (SSP); TEGNA Broadcast Holdings, LLC (TGNA); and CCB License, LLC of broadcast stations in certain markets necessary for Nexstar to come into compliance with the Commission's local and national television ownership rules. In the Indianapolis and Norfolk markets, the Commission found that the transfer... -The Fly
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