Morning Buzz: The Dow Chemical Company (NYSE:DOW), Hilton Worldwide Holdings Inc. (NYSE:HLT), Inovio Pharmaceuticals, Inc. (NASDAQ:INO), Hawaiian Electric Industries (NYSE:HE), ChemoCentryx (NASDAQ:CCXI)

The Dow Chemical Company (NYSE:DOW) announced that the completed sale of AgroFresh, its post‐harvest specialty chemical business, to Boulevard Acquisition Corp., a public investment vehicle, formed by Avenue Capital Group, for more than $900 million. In addition to cash and stock at closing, Dow expects to receive significant ongoing cash payments related to service and other agreements with AgroFresh and a $50 million cash earn out if AgroFresh achieves certain targets – putting the total value of the transaction over $1 billion. The transaction has been unanimously approved by the boards of directors of both companies, was approved by a vote of Boulevard’s shareholders on July 29, 2015, and officially closed July 31, 2015. The Dow Chemical Company (NYSE:DOW) belongs to Basic Materials sector. Its net profit margin is 7.60% and weekly performance is 0.09%. On last trading day company shares ended up $46.69. The Dow Chemical Company (NYSE:DOW) distance from 50-day simple moving average (SMA50) is -8.17%.

Hilton Worldwide Holdings Inc. (NYSE:HLT) announced its participation in the 2015 Sustainable Seafood Festival, organized by the World Wildlife Fund-China (WWF-China) and the Marine Stewardship Council (MSC). Across Beijing and Shanghai, nine Hilton Worldwide hotels are supporting the festival which brings together hotels, restaurants, retailers and suppliers to raise awareness and promote sustainable seafood options. This marks the largest number of hotels from a single hospitality company participating in the festival. Hilton Worldwide Holdings Inc. (NYSE:HLT) shares moved down -1.39% in last trading session and ended the day at $26.16. Its return on assets is 2.50%. Hilton Worldwide Holdings Inc. (NYSE:HLT) quarterly performance is -9.92%.

On 04 August, Inovio Pharmaceuticals, Inc. (NASDAQ:INO) announced on July 29, that its DNA-based monoclonal antibody (dMAb) targeting dengue virus provided protection against a lethal dengue virus challenge in mice. A paper, “Protection against dengue disease by synthetic nucleic acid antibody prophylaxis/immunotherapy,” was published in Scientific Reports, a Nature Publishing Group journal. While conventional vaccine and monoclonal antibody technologies have shown limited ability to provide an effective solution to dengue to date, the unique attributes and data generated by dMAbs show their potential to provide a needed solution. Inovio Pharmaceuticals, Inc. (NASDAQ:INO) belongs to Healthcare sector. Its weekly performance is -3.38%. On last trading day company shares ended up $7.15. Inovio Pharmaceuticals, Inc. (NASDAQ:INO) distance from 50-day simple moving average (SMA50) is -11.76%.

Hawaii regulators have approved about half of eight planned major solar energy farms that are part of Hawaiian Electric Industries Inc. (NYSE:HE)’s plan to quickly provide electricity on Oahu at a lower cost ahead of a 2016 federal tax deadline, according to public documents. Hawaiian Electric Industries Inc. (NYSE:HE) ended the last trading day at $30.19. Company weekly volatility is calculated as 1.44% and price to cash ratio as 11.10. Hawaiian Electric Industries Inc. (NYSE:HE) showed a weekly performance of 2.44%.

On July 30, ChemoCentryx, Inc. (NASDAQ:CCXI) announced that, Thomas A. Edwards, retired partner of Latham & Watkins, LLP, has been appointed to the Company’s Board of Directors. Mr. Edwards will serve as a Class III director until the 2017 annual stockholder’s meeting. The Company also announced that effective as of the same date, Ira Klein, MD, MBA, FACP resigned from the Company’s Board of Directors. ChemoCentryx, Inc. (NASDAQ:CCXI) shares moved down -0.62% in last trading session and ended the day at $7.99. Its return on assets is -39.00%. ChemoCentryx, Inc. (NASDAQ:CCXI) quarterly performance is 14.31%.

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