HIGHER: DuPont (DD), up 3% after announcing International Flavors (IFF) will merge with its Nutrition & Biosciences business. DuPont will receive a one-time $7.3B special cash payment in closing of IFF deal… Axsome Therapeutics (AXSM), up 80% after meeting the primary endpoint and “rapidly and significantly improving symptoms of depression” in the GEMINI Phase 3 trial in major depressive disorder… Relmada Therapeutics (RLMD), up 23% after Guggenheim analyst Yatin Suneja initiated coverage of the stock with a Buy rating and $64 price target… Horizon Pharma (HZNP), up 3% after announcing that that the Dermatologic and Ophthalmic Drugs Advisory Committee of the FDA voted unanimously that the potential benefits of teprotumumab outweigh the potential risks for the treatment of Thyroid Eye Disease. DOWN AFTER EARNINGS: Hexo (HEXO), down 6%. LOWER: IFF, down 5% after announcing a deal to merge with DuPont’s Nutrition & Biosciences business… Boeing (BA), down 3% after the Wall Street Journal reported the company is considering either halting or further cutting production of the 737 MAX as uncertainty grows over the plane’s return to service… WPX Energy (WPX), down 1% after announcing the acquisition of Delaware Basin operator Felix Energy… PG&E (PCG), down 24% after California Governor Gavin Newsom rejected the company’s plan to pay Northern California wildfire victims and exit bankruptcy…Baozun (BZUN), down 2% after concluding that the damage to its inventory at the warehouse that experienced a fire is significantly greater than previously estimated.