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Madrigal Pharmaceuticals Inc MDGL stock soared higher by more than 50 percent early Thursday morning in reaction to an encouraging Phase 2 clinical trial update. The clinical-stage biopharmaceutical company said its liver-directed, thyroid hormone receptor called MGL-3196 showed a statistical significance in the primary endpoint of lowering liver fat at 12 weeks and also 36 weeks.

AK Steel Holding Corporation AKS was trading higher by around 5 percent in reaction to reports the U.S. government is looking to impose tariffs on steel and aluminum imports from the European Union.

Akers Biosciences Inc AKER was trading higher by around 20 percent. The developer of rapid health information technologies said Wednesday afternoon it was granted a 180-day extension from the Nasdaq Stock Market to meet the requirement of a minimum $1.00 per share closing bid price for 10 straight days.

Burlington Stores Inc BURL was trading higher by more than 5 percent. The off-price retailer reported a first-quarter earnings beat on top of a 4.8 percent comparable store increase and an upward revision to its full-year outlook.

Curis, Inc. CRIS was trading higher by more than 8 percent in reaction to an encouraging FDA update. The biotechnology company that focuses on therapies for the treatment of cancer said the FDA granted a Fast Track designation for fimepinostat (CUDC-907) in patients with relapsed or refractory.

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