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Shares of Eleven Biotherapeutics Inc. rocketed 66% in premarket trade Friday, after the said it would be entitled to receive a $22.5 million milestone payment related to its eye disease treatment. The biopharmaceutical company said its investigational new drug application for EBI-031, a treatment for diabetic macular edema, has become effective, which was a milestone in a license deal the company entered with F. Hoffman-La Roche Ltd. last month. The agreement says Eleven could receive up to $262.5 million if certain regulatory, development and commercialization milestones are met. Eleven’s stock had soared nearly six-fold in the past three months through Thursday, but was still down 35% year to date.

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A fourth suspect involved in the fatal Dallas police shootings late Thursday is dead after a long standoff with police, according to local media reports. Local TV-station WFAA said police had confirmed that a suspect had died around 3 a.m. at El Centro College, but that it wasn’t immediately clear if he had shot himself or was killed by law enforcement. Three other suspects, including a woman, have been taken into custody. The four people are believed to be behind a coordinated attack against police officers in Dallas Thursday night during a protest over police brutality. The attack left five officers dead and six wounded. Dallas Police Chief David Brown said at least two snipers had opened fire on the policemen from “elevated positions”, according to reports.

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President Barack Obama has described the Dallas shootings as a “vicious, calculated, despicable attack,” according to television news coverage. Obama spoke to reporters Friday morning in Warsaw, Poland, where he’s participating in a NATO summit. He described the killings as a “tremendous tragedy” and as “senseless murders.” Obama said of the multiple suspects, some of whom have been captured or are reportedly dead, “We will learn more about their twisted motivations. Let’s be clear: There is no possible justification” for the attacks. And he added: “Justice will be done.” Shots were fired on police officers working at what had been a peaceful Black Lives Matter protest in Dallas Thursday night following two officer-involved deaths of black men this week.

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From:: Stock Market News

Yields on some European bonds were around all-time lows on Friday, and focus will swing to U.S. Treasury yields with the release of closely watched U.S. jobs data later Friday. In the U.K., the 10-year gilt yield was down less than 1 basis point at 0.77%, according to TradeWeb. It hit a record low 0.72% earlier this week. The yield on Germany’s 10-year bund was also down less than 1 basis point, to negative 0.17%. It fell to negative 0.18% this week. “Global bond yields are going deeper into uncharted territory; they may be due for a pause, but have not reached their final destination,” wrote Vincent Chaigneau, head of FX & fixed income research at Societe Generale, in a note issued Friday. The yield on the 10-year U.S. Treasury yield on Thursday rose to 1.409%, but hovered near record lows. “The coming fortnight will see the BOE and ECB try to soothe matters, be that in terms of action or promises of action,” said Societe Generale. The Bank of England will meet next Thursday and the ECB will gather on July 21.

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At least three police officers were shot in downtown Dallas, Texas, on Thursday night following a march protesting recent police shootings of black men. CNN reported that three officers from the Dallas Area Rapid Transit police were shot, but Dallas’ Fox 43 News reported as many as six officers were hit by gunfire coming from a nearby rooftop. Like the fatal shooting of a black motorist in Minnesota on Wednesday, the chaotic scene was captured by a bystander on Facebook Live video. Several hundred people had been at the rally, according to reports. The extent of injuries is not yet known.

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From:: Stock Market News