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Company News for July 2, 2013

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•    Zynga Inc (NASDAQ:ZNGA) said Don Mattrick will replace Mark Pincus as the CEO of the company, who will continue to be chairman and chief product officer  

•  Insmed Incorporated’s (NASDAQ:INSM) lung infection experimental drug failed to outperform competitor Novartis AG’s (NYSE:NVS) version. Following this development, shares of the company dropped nearly 19%

•    Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) jumped more than 50% after the company announced it is considering putting itself up for sale

•   Nokia Corporation (NYSE:NOK) has purchased a 50%  stake in Nokia Siemens Networks from Siemens AG (NYSE:SI) for $2.2 billion

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