Volatility sank to its lowest level since 1993 to begin the new week as indexes held close to their flatlines. The Nasdaq notched a new record at the close. Howard Hughes (HHC) shares rose this afternoon after Pershing Square's Bill Ackman made the case for the real estate developer. Pershing Square currently holds a nearly 9% stake in the company. Horizon Pharma (HZNP) lost roughly a third of its value following weaker-than-expected quarterly results and after announcing a multi-million-dollar deal to purchase River Vision Development. The company said its primary care business unit performed below expectations. Tyson Foods (TSN) fell after fires at its chicken plants dented profit. Quarterly earnings declined by 21%. Weaker sales at its prepared foods unit also hurt its overall performance.
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