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New AbbVie hepatitis C regimen shows high cure rates: studies

An experimental once-daily combination hepatitis C treatment being developed by AbbVie Inc demonstrated very high cure rates across a wide range of disease genotypes, according to data presented on Saturday, likely giving the company a more competitive product if approved. Cure rates of 97 percent to 100 percent over either eight or 12 weeks of treatment were achieved in the clinical trials with the one pill, once-a-day combination of ABT-493 and ABT-530, which use different methods to block virus replication. The combination would provide greater convenience for a wider variety of patients than AbbVie's Viekira Pak, improving chances of making inroads into the market domination currently enjoyed by Gilead Sciences Inc. Viekira Pak, which is approved for genotype 1, the most common form of the serious liver disease in the United States, consists of four drugs and involves taking three pills in the morning and one in the evening.

Wall St. gains, buoyed by GE divestment plan

The S&P Industrials was up 1.3 percent as the best performing of the 10 major S&P sectors, paced by GE's gain. General Electric jumped 8.7 percent to $27.96 as the most active stock on the New York Stock Exchange, with more than 120 million shares changing hands. “I expect buybacks to continue because a lot of major stocks, including Apple, are undervalued,” Adam Sarhan, chief executive of Sarhan Capital in New York. GE will sell the bulk of its $30 billion real estate portfolio over the next two years as it returns to its industrial roots, with Blackstone and Wells Fargo snapping up most of its assets.

Futures point to flat open, major indexes at records

NEW YORK (Reuters) – U.S. stock index futures pointed to a quiet open on Tuesday, the first trading session after the S&P 500 closed at a record high, although investors continued to watch the uncertainty over a Greek debt deal and a fragile Ukraine truce.

Futures gain after rally, indexes set for strong week

U.S. stock index futures climbed on Friday, adding to a sharp rally in the previous session that returned the S&P 500 and Nasdaq to positive territory for the year and putting major indexes on track to break a three-week streak of declines. Thursday's advance came after the European Central Bank detailed a bond-buying program to boost the region's sagging economy and fight deflation.