Cheetah Net Supply Chain Service Inc ( CTNT ) shares are trading higher by 270% to $6.91 Tuesday morning after the company announced it has signed definitive agreements to acquire TW & EW Services Inc., a California-based labor and logistics service provider. What To Know: The company says the deal, expected to close by December 4, will position Cheetah as...

Dec 3 (Reuters) - Roivant will discontinue the development of its drug for a rare lung disease after it failed to show treatment benefits in patients in a mid-stage trial. The company's unit, Kinevant Sciences, said on Tuesday its once-monthly injectable drug, namilumab, failed to meet the main and secondary goals in the study evaluating it in 107 patients with...

Dec 3 (Reuters) - Constellation Brands ( STZ ) said on Tuesday it would sell its Svedka vodka to New Orleans-based Sazerac, as the Corona beer maker looks to focus on its premium wine and spirits business. The company did not disclose the terms of the deal. Constellation acquired Svedka in 2007 when it bought Spirits Marque One LLC for...

Dec 3 (Reuters) - Humana Inc ( HUM ) said on Tuesday that Chief Financial Officer Susan Diamond was stepping down and Celeste Mellet would replace her, effective Jan. 11. The CFO change comes as the health insurer struggles to manage its medical costs related to its large business of Medicare Advantage insurance plans, which led the company to withdraw...