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Intellia Therapeutics on Wednesday set the terms for its planned initial public offering, saying it will sell 5 million shares at $16 to $18 a pop. The gene editing company has applied to list its common stock on the Nasdaq exchange under the ticker symbol “NTLA”, it said in a regulatory filing. Credit Suisse, Jefferies, Leerink Partners and Wedbush PacGrow are underwriters on the deal. Intellia focuses on developing proprietary therapeutics using a recently developed biological tool, according to its prospectus.

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TrueCar Inc. said Wednesday that April car sales are set to rise 3.2%, boosted by an early Easter. The car-shopping site said it expects total new vehicle sales to reach 1.5 million units in the month, up 3.2% from a year ago and the best volume month since 2000. The seasonally adjusted annualized rate for total light vehicle sales is expected to rise to 17.4 million units from 16.8 million a year ago. “April is typically a transitional month wedged between higher-volume March and May, but this year dealerships appear to have benefited from an early Easter that fell in March,” said Eric Lyman, TrueCar’s vice president of industry insights. The biggest sales gain is expected to come from Honda Motor Co., which is on pace for a volume gain of 10.3%, said TrueCar. Nissan is set to take second place with a 9.1% gain, followed by Subaru with an 8.2% gain.

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Shares of Red Rock Resorts Inc. , a casino operator and a rare consumer IPO so far this year, were trading at $18.70 Wednesday, below the company’s IPO issue price of $19.50. Red Rock resorts sold 27.25 million shares to raise about $531 million. The company had previously set a price range for shares between $18 and $21. Deutsche Bank, JPMorgan, Bank of America Merrill Lynch and Goldman Sachs & Co. were the lead underwriters of the offering.

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Oil futures pared some of their earlier gains on Wednesday after the U.S. Energy Information Administration reported a 2 million-barrel climb in crude-oil supplies for the week ended April 22. The American Petroleum Institute late Tuesday had reported a 1.1 million-barrel fall, while analysts polled Platts expected an 800,000-barrel increase. Gasoline supplies rose 1.6 million barrels, while distillate stockpiles fell by 1.7 million barrels last week, according to the EIA. June crude was at $$44.46 a barrel on the New York Mercantile Exchange, up 42 cents, or 1%. Prices traded at $44.84 before the data.

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Shares of Yintech Investment Holdings , a Chinese online provider of spot commodity trading services, opened at $13.80 on the Nasdaq Wednesday, above its IPO issue price of $13.50. Each ADS share represents 20 ordinary shares of the company. The company sold 7.5 million American depositary shares to raise about $101.3 million. Jefferies LLC was the lead underwriter.

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Americans are expected to spend $172.22 on mom this Mother’s Day, down slightly from $172.63 last year, according to the National Retail Federation’s annual survey. Total spending should reach $21.4 billion. Consumers will spend the most on jewelry ($4.2 billion), followed by outings like dinner ($4.1 billion), flowers ($2.4 billion) and gift cards ($2.2 billion). Greeting cards are the most common gift, with 78.4% of respondents saying they would give one, but they only account for $792 million of the total annual projected spend. The survey of 7,000 customers was conducted between April 5 and April 13.

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U.S. stocks opened lower Wednesday, weighed down by Apple Inc. , after the world’s largest company by market capitalization saw its quarterly revenue decline for the first time in 13 years. The S&P 500 shed 6 points, or 0.3%, to 2,086. The Dow Jones Industrial Average slid 51 points, or 0.3%, to 17,939. The Nasdaq Composite fell 32 points, or 0.6%, to 4,857.

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Mondelez International Inc. shares are up 2.4% in Wednesday premarket trading after the company reported first-quarter earnings that beat estimates and reaffirmed its full-year 2016 guidance. The food producer said it had net income of $554 million, or 35 cents per share, up from $324 million, or 19 cents per share, for the same period last year. Adjusted earnings were 48 cents per share, exceeding the FactSet estimate of 40 cents per share. Revenue for the quarter totaled $6.5 billion, down 16.8% from $7.8 billion last year, but above the FactSet consensus of $6.4 billion. Mondelez reaffirmed its full-year 2016 outlook, forecasting double-digit adjusted earnings per share growth on a constant currency basis. The company also announced that its chief commercial officer Mark Clouse is leaving the company after 20 years. He will join Pinnacle Foods Inc. , effective May 23. The company will not appoint a new CCO. Mondelez shares are up 15.5% for the past year while the S&P 500 is down 0.8% for the same period.

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Dr. Pepper Snapple Group Inc. beat first-quarter earnings and revenue expectations, but provided a downbeat earnings outlook for 2016. Earnings for the latest quarter rose to $182 million, or 96 cents per share, from $157 million, or 81 cents per share, in the same period a year ago. Adjusted earnings-per-share were 94 cents, compared with the FactSet consensus of 86 cents. Revenue rose to $1.49 billion from $1.45 billion, beating the FactSet consensus of $1.47 billion. For 2016, the company expects adjusted EPS to be “at the high end” of $4.20 to $4.30, below the FactSet consensus of $4.33. The stock had lost 3.1% over the past three months, while the S&P 500 rose 11.1%.

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