Stockwinners Market Radar for December 19, 2017 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

BAC...

Hot Stocks

18:43 EDT FDIC: BofA, Goldman, Morgan Stanley, Wells Fargo plans have 'shortcomings' - Reflecting the significant progress made in recent years, the Federal Deposit Insurance Corporation and the Federal Reserve Board announced that the resolution plans of the eight largest and most complex domestic banking organizations did not have "deficiencies," which are weaknesses severe enough to trigger a resubmission process that could result in more stringent requirements. The agencies also jointly determined that the plans of four firms have "shortcomings," which are less-severe weaknesses that require additional work in their next plan: Bank of America (BAC), Goldman Sachs (GS), Morgan Stanley (MS), and Wells Fargo (WFC). The agencies did not identify specific shortcomings in the resolution plans from Bank of New York Mellon (BK), Citigroup (C), J.P. Morgan Chase (JPM), and State Street (STT). Resolution plans, required by the Dodd-Frank Act and commonly known as living wills, must describe the company's strategy for rapid and orderly resolution under bankruptcy in the event of material financial distress or failure of the company. Reference Link
ENCR

Hot Stocks

18:40 EDT Ener-Core approves next phase of strategic plan, begins CEO transition - Ener-Core has approved the next phase of its strategic revenue plan: the expansion of license agreements for Ener-Core's technologies and an increased emphasis on project development and management, including a build/own/operate model aiming to take advantage of favorable off-take agreements. Consistent with the strategic plan, pursuant to a negotiated separation agreement, CEO Alain Castro will be leaving his positions as Director and CEO during the next six months. He has served as CEO and a Director since joining the company in 2013.
FRGI

Hot Stocks

17:50 EDT Fiesta Restaurant appoints Ryan Nowlin as Chief Information Officer - Fiesta Restaurant has promoted Ryan Nowlin to the newly created position of Chief Information Officer, effective December 19. Nowlin was vice president of information technology since September 2012.
FIG

Hot Stocks

17:49 EDT Fortress enters into purchase agreement for NeuLion assets - NeuLion, a technology product and service provider that specializes in the digital video broadcasting, distribution and monetization of live and on-demand content to Internet-enabled devices, entered into an agreement to sell certain DivX assets, intellectual property and subsidiaries to an affiliate of Fortress Investment Group. The company will sell to Fortress certain DivX assets, intellectual property and subsidiaries that are not core to NeuLion's focus on the over-the-top market. NeuLion expects that the transaction will provide it with lower operating costs and provide capital that the company can leverage as it expands its presence in the global OTT arena. Pursuant to the Purchase Agreement, NeuLion will sell certain DivX assets, intellectual property and subsidiaries to Fortress for cash consideration of $41.5M, subject to adjustment as specified in the Purchase Agreement. These assets accounted for approximately $15.0M and $20.7M of the company's consolidated GAAP revenues for the nine months ended September 30 and the year ended December 31, 2016, respectively. NeuLion also expects to significantly reduce employee headcount across various departments of the company that have been assigned to DivX. The transactions are expected to close during Q1 2018.
C

Hot Stocks

17:47 EDT Fed and FDIC found no deficiencies in Citi 2017 Resolution Plan - Citi today issued the following statement regarding the feedback it received from The Federal Reserve Board and the Federal Deposit Insurance Corporation on its 2017 Resolution Plan: Michael Corbat, Citi's Chief Executive Officer, said: "We are pleased that neither the Fed nor the FDIC found any deficiencies or shortcomings in our 2017 Resolution Plan. Ensuring that Citi can be resolved without the use of taxpayer funds and without adverse systemic impact is critical to being recognized as an indisputably strong and stable institution."
BK

Hot Stocks

17:46 EDT BNY Mellon 'pleased' with FDIC feedback on 2017 Title 1 resolution plan - BNY Mellon received feedback on its 2017 resolution plan from the Federal Deposit Insurance Corporation and the Federal Reserve acknowledging the important steps the company has taken to enhance its resolvability and facilitate its orderly resolution in bankruptcy. The agencies noted significant progress in BNY Mellon's resolution planning and jointly decided that the 2017 plan satisfactorily addressed shortcomings previously identified. The agencies found no deficiencies or shortcomings in BNY Mellon's 2017 plan. On the decision, BNY Mellon released the following statement: "We are pleased with the regulators' feedback, which validates the enormous efforts we have made to enhance our resolvability. As we move forward, we will continue to maintain our strategic focus on resolvability and resiliency," the company said.
ROKA

Hot Stocks

17:43 EDT Roka Bioscience announces voluntary delisting from Nasdaq - Sorrento Tech announced that it has notified the NASDAQ Stock Market of its intent to delist its common stock from the NASDAQ Global Market. The Company filed with the Securities and Exchange Commission and NASDAQ a Form 25 relating to the delisting of the Stock on December 19, 2017. The company expects that the official delisting of the Stock will become effective ten days thereafter, on December 29, 2017. As previously disclosed, on October 4, 2017, the company filed a definitive proxy statement for a special meeting of its stockholders, which was held on October 26, 2017. At the Special Meeting, the company's stockholders approved an asset purchase agreement for the sale of substantially all of the company's assets and proposed the liquidation and dissolution of the company. The Asset Sale closed on November 1, 2017 and the company intends to file its certificate of dissolution with the Secretary of State of the State of Delaware on December 28, 2017 and close its stock transfer books at the close of business on such date. The decision to delist from NASDAQ resulted from the board of directors' review of numerous factors, particularly the previously announced plan to engage in a complete dissolution and liquidation, and the cost and feasibility of ongoing compliance with the NASDAQ listing requirements in light of the company's planned dissolution and liquidation.
TRP

Hot Stocks

17:42 EDT TransCanada motions to append pipeline denied by Nebraska - In a release from the Nebraska Public Service Commission, the commission announced it has denied all motions brought by TransCanada by a unanimous vote of 5-0. Reference Link
ALGT

Hot Stocks

17:34 EDT Allegiant Travel Chief Information Officer Scott Allard resigns - Allegiant Travel's executive VP and Chief Information Officer Scott Allard has resigned. Allard has been with Allegiant since 2011 and has overseen the company's technology planning and development. Prior to joining Allegiant, Allard served as CIO at Spirit Airlines. Allard will depart his position with Allegiant on December 31. Robert Wilson, senior VP, information systems, will act as interim CIO until a successor is selected.
MU...

Hot Stocks

17:34 EDT On The Fly: After Hours Movers - UP AFTER EARNINGS: Micron (MU), up 4.6%... FedEx (FDX), up 1.4%. ALSO HIGHER: Ionis Pharmaceuticals (IONS), up 2.1% after it and Biogen (BIIB) entered into a new collaboration to identify therapies for the treatment of spinal muscular atrophy. DOWN AFTER EARNINGS: Stitch Fix (SFIX), down 11.2%... Steelcase (SCS), down 7.7%... REV Group (REVG), down 7.3%... Red Hat (RHT), down 4.1%. ALSO LOWER: Catalyst Biosciences (CBIO), down 10.6% after it announced a common stock offering... TherapeuticsMD (TXMD), down 4.7% after the FDA accepted the new drug application for TX-004HR.
SKLN

Hot Stocks

17:32 EDT Skyline Medical acquires 25% stake in Helomics Corp - Skyline Medical announced it has agreed to purchase an equity stake in Helomics Corporation, a precision diagnostic company and integrated clinical contract research organization. Under the terms of the agreement, Skyline Medical is purchasing preferred stock convertible into 20% of the outstanding common stock of Helomics, representing 20% of the company, in exchange for total consideration of 1.1 million shares of newly issued Skyline common stock. In addition, Skyline has the right to convert a previous $500,000 loan to Helomics into a further 5% equity stake, bringing its total ownership to 25%. Headquartered in Pittsburgh, Pennsylvania, Helomics has established operations that bridge two emerging areas of the healthcare industry: precision medicine and big data. Helomics' competitive advantage lies in its proprietary D-CHIP database, which contains data on 149,000+ tumors compiled from over a decade of clinical testing and its Artificial Intelligence -powered bioinformatics engine which generates actionable scientific insights from this data. These insights are used by BioPharma companies in the development of targeted cancer treatments for any given patient profile. Skyline is currently in discussions with Helomics to form a Skyline-Helomics joint venture.
MTW

Hot Stocks

17:30 EDT U.S. District Court rules in favor of Manitowoc in misappropriation suit - The Manitowoc Company announced that on December 11, 2017, the Honorable William Griesbach of the U.S. District Court for the Eastern District of Wisconsin ruled in its favor in its trade secrets misappropriation lawsuit against Sany Heavy Industries and Sany America regarding Manitowoc's Variable Position counterweight technology. Judge Griesbach ruled on Summary Judgment that Sany was liable for trade secret misappropriation under Wisconsin Law. His ruling was based upon previous findings by the International Trade Commission and the Court of Appeals for the Federal Circuit. As a result of this decision, Sany is both precluded from challenging the protectability of Manitowoc's trade secrets and is liable for trade secret misappropriation under Wisconsin state law. The case is scheduled for trial in 2019.
VRNT

Hot Stocks

17:29 EDT Verint acquires AI solutions developer Next IT for almost $30M - Verint Systems has acquired all of the outstanding equity interests in Next IT Corporation and its affiliate Next IT Innovation Labs, a developer of conversational artificial intelligence-powered intelligent virtual assistants. The purchase price consisted of close to $30M of cash paid at closing, plus potential additional future cash payments. The acquisition has led the company to add $10M of revenue and 3c of diluted EPS to its non-GAAP outlook for the year ending January 31, 2019.
FSLR

Hot Stocks

17:28 EDT First Solar to power Zorlu Enerji's 100MW solar power plant in Pakistan - First Solar announced that it is supplying over 860,000 high-performance thin film modules to power a 100 megawatt AC utility-scale photovoltaic solar power plant developed by Zorlu Enerji in Pakistan. The Independent Power Producer facility, part of the Quaid-e-Azam Solar Park in the country's Punjab province, is expected to be completed and connected to the electricity grid by the first half of 2018. When completed, the plant will increase Zorlu Enerji's installed capacity in the country to 156.4MW, a portfolio that includes a 56.4MW wind farm completed in 2013. The facility will generate an estimated 180 million kilowatt-hours of electricity per year - sufficient to power approximately 140,000 average homes - for Pakistan's Central Power Purchasing Agency, under a 25-year Power Purchase Agreement. In February this year, First Solar and Zorlu Holding signed a collaborative sales agreement under which Zorlu Solar became a major distributor of First Solar's modules in Turkey, Afghanistan, Albania, Bosnia, Bulgaria, Cyprus, Georgia, Kosovo, Macedonia, Pakistan, Romania, Serbia, Turkmenistan, the Ukraine, and the Commonwealth of Independent States. In addition to selling PV modules in these markets, Zorlu Solar is undertaking its own project development activity, powering its successful projects with First Solar technology.
STT

Hot Stocks

17:24 EDT State Street: FDIC indicates no deficiencies found in 2017 resolution plan - State Street Corporation provided the following statement on today's announcement by the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation on the completion of their review of State Street's resolution plan submitted in June 2017 under Section 165d of the Dodd-Frank Wall Street Reform and Consumer Protection Act. "The Federal Reserve and FDIC joint announcement made earlier today indicates that the agencies did not identify any deficiencies or shortcomings in State Street's 2017 resolution plan," State Street said.
FDX

Hot Stocks

17:23 EDT FedEx says TNT Express ops back to normal
HMNY

Hot Stocks

17:21 EDT Empery Asset Management reports 6.33% passive stake in Helios and Matheson
FDX

Hot Stocks

17:19 EDT FedEx sees U.S. GDP growth 2.5% in 2018 - Sees Global GDP growth 3% this year and in 2018.
FDX

Hot Stocks

17:16 EDT FedEx: TNT cyberattack cost $100M in lost revenue in Q2 - Says on track for another record holiday shipping season. Says GOP tax bill offers "pro-business" tax solutions. Says TNT cyberattack cost $100M in lost revenue in Q2. Says implementing cost reductions at ground for remainder of 2018. Says CapEx may increase this year if tax bill signed into law. Comments taken from Q2 earnings conference call.
FMI

Hot Stocks

17:06 EDT Foundation Medicine COO Kafka intends to resign - According to a regulatory filing, on December 19, 2017, Foundation Medicine president and COO Steven Kafka notified the company's board of directors of his intention to resign from such positions effective as of the close of business on February 16, 2018. On December 19, 2017, the board appointed Troy Cox, the company's CEO, to the additional position of President, effective as of the Effective Date. In addition, on December 19, 2017, the board appointed Konstantin Fiedler, the company's Senior Vice President, International Markets, to the new position of COO, effective as of the Effective Date. As Chief Operating Officer, Fiedler, who joined the company in 2016, intends to relocate to the Cambridge, Massachusetts area and will assume responsibility for the company's global laboratory operations and several associated business functions.
SPR

Hot Stocks

16:55 EDT Spirit AeroSystems fuselage flies for the first time with Bell V-280 - The Spirit AeroSystems built fuselage for the Bell V-280 lifted off for the first time at Bell's Amarillo, Texas, facility Dec. 18. Spirit Defense designed and built the 47 foot long fuselage in just 22 months at the company's Rapid Prototype facility in Wichita, Kansas. The 47 foot long fuselage is comprised of aluminum sub-structure with composite skins. The Bell V-280 Valor program is part of the Joint Multi Role Technology Demonstrator (JMR-TD) initiative. The JMR-TD program is the science and technology precursor to the Department of Defense's Future Vertical Lift Program. Spirit is a member of Team Valor, comprised of 12 companies that bring the best of industry resources to the team.
OME

Hot Stocks

16:53 EDT Omega Protein Corporation acquired by Cooke Inc. for $22 per share - Cooke Inc. completed its acquisition of Omega Protein Corporation. Under terms of the transaction, Cooke has acquired all outstanding shares of Omega Protein for $22 per share in cash, or a total value of approximately $500M. BAP is the world's only aquaculture certification program that covers the entire production chain. Omega Protein is on track to be approved by the Marine Stewardship Council.
IBKC

Hot Stocks

16:42 EDT Iberiabank sees FY18 net interest margin 3.55%-3.63% - Sees FY18 Average Earning Assets $27.3B-$27.7B. As of September 30, 2017, IBERIABANK Corporation had total assets equal to $28.0 billion, total loans of $19.8 billion and total deposits equal to $21.3 billion. The Company reported $3.7 billion in total shareholders' equity at quarter-end and reported a Common Equity Tier 1 ratio equal to 10.93%.
HUN

Hot Stocks

16:41 EDT Huntsman names Peter Huntsman chairman of the board - Huntsman Corporation announced that Peter Huntsman, president and CEO, has been elected chairman of the board of directors of the company, an additional role he will assume as of January 1, 2018. The company's founder, Jon M. Huntsman, will be stepping down as Executive Chairman on December 31, 2017 and the role of Executive Chairman will be eliminated. After serving as Executive Chairman of the company he founded 48 years ago, Huntsman will continue to serve on the board of directors as a director and Chairman Emeritus.
PRTS

Hot Stocks

16:39 EDT Calm Waters Partnership reports 5.9% passive stake in U.S. Auto Parts
BRT

Hot Stocks

16:39 EDT BRT Apartments acquires two multi-family properties for $30.4M - BRT Apartments recently acquired, two multi-family properties for a total purchase price of $30.4M. On December 7, 2017, BRT, through a joint venture in which it has an 80% equity interest, purchased a 204 unit, multi-family property located in Madison, Alabama, for $18.4M, including a $15M, 4.08%, 10-year, fixed rate mortgage. The property, Magnolia Pointe at Madison, was built in 1991, and features large units with up to 4 bedrooms. Magnolia Pointe is the second property owned by BRT in this area with this same joint venture partner. BRT, through a joint venture in which it has an 80% equity interest, acquired The Woodland Apartments, a 120 unit multi-family property located in Boerne, Texas, a suburb of San Antonio, and the adjacent 3.6-acre land parcel which allows the opportunity of adding an additional 68 units. The purchase price was $12M, including a $9.2M, 10-year floating rate loan with an interest rate of one month LIBOR plus 239 bps. As a result of this purchase, BRT and this joint venture partner together own 504 units in Texas.
TXMD

Hot Stocks

16:37 EDT TherapeuticsMD announces FDA acceptance of new drug application for TX-004HR - TherapeuticsMD announced the acceptance of the New Drug Application resubmission for TX-004HR, the company's investigational applicator-free estradiol vaginal softgel capsule for the treatment of moderate-to-severe vaginal pain during sexual intercourse, a symptom of vulvar and vaginal atrophy due to menopause, by the U.S. Food and Drug Administration. The FDA has acknowledged that the resubmission is a complete, class 2 response to the Complete Response Letter received on May 5, 2017 for TX-004HR. The PDUFA target action date for the completion of the FDA's review is May 29, 2018. The FDA has informed the company that the additional endometrial safety information submitted to the NDA for TX-004HR on September 14, 2017 was outside of an official review cycle, thus procedurally designating a class 2 response. The company currently plans to launch TX-004HR in the third quarter of 2018 if approval occurs on or before the PDUFA target action date.
T

Hot Stocks

16:37 EDT AT&T backs plan to invest $1B in U.S. in 2018 if tax bill signed into law - In recognition of today's vote by the U.S. House of Representatives to pass tax legislation, AT&T reiterates its plan to invest an additional $1B in the United States in 2018 if the bill is signed into law. "We thank Speaker Ryan and Chairman Brady for their leadership to enact meaningful tax reform that brings the U.S. corporate tax rate in line with the rest of the industrialized world," said Randall Stephenson, AT&T chairman and CEO. "This bill will spur much-needed investment and economic growth in the United States."
SFIX

Hot Stocks

16:34 EDT Stitch Fix down 11.2% after quarterly results, guidance
LNT

Hot Stocks

16:33 EDT Alliant Energy to invest $1.8B in Iowa wind farm - Alliant Energy's Iowa energy company will add more clean energy with the acquisition of the English Farms Wind Farm. The company finalized an agreement with developer Tradewind Energy for the 170-megawatt project, located in Poweshiek County in central Iowa. Alliant Energy will build and own English Farms Wind Farm, with major construction starting in 2018. This is one of several wind farms the company is building to deliver cost-competitive, clean energy to customers. This overall wind expansion represents a roughly $1.8 billion investment and adds up to 1,000 megawatts of new wind generation in Iowa. Together, that's enough to power up to 430,000 Iowa homes a year.
WFC

Hot Stocks

16:33 EDT Wells Fargo 'pleased' FDIC finds 2017 resolution plan 'free of deficiencies' - Wells Fargo issued the following statement regarding the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation's joint response to its 2017 resolution plan submission under the "living will" process of the Dodd-Frank Wall Street Reform and Consumer Protection Act: "We are pleased that the Federal Reserve and FDIC found our 2017 Resolution Plan to be free of deficiencies. We will address the feedback we received from the agencies and are committed to continuing to strengthen Wells Fargo's resolution planning capabilities. We will continue to dedicate significant resources across the company to ensure that Wells Fargo can be resolved without posing systemic risk to the financial system."
FTI

Hot Stocks

16:32 EDT TechnipFMC awarded integrated EPCI contract in the Norwegian Sea - TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation contract from VNG Norge AS. The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production system for the Fenja Project. Fenja is located in the Norwegian Sea and will be tied back to the Njord platform.
M

Hot Stocks

16:30 EDT Macy's names Jill Ramsey chief product, digital revenue officer - Macy's announced the appointment of Jill Ramsey as chief product and digital revenue officer, effective Jan. 8, 2018. The role was established to focus on reimagining how people shop, bridging the physical and digital worlds through seamless customer experiences. Ramsey will have oversight of both product and revenue for macys.com and the Macy's app. Her specific responsibilities will include digital revenue, enterprise product management, the enterprise portfolio, digital merchandise management, site production, and the user experience. She will also have responsibility for the product management teams that support both Macy's and Bloomingdale's. Ramsey will report to Hal Lawton, president of Macy's.
TNET

Hot Stocks

16:30 EDT TriNet announces dismissal of securities class action - TriNet announced that the U.S. District Court for the Northern District of California has dismissed the putative securities class action against TriNet and all other defendants. The Court granted the defendants' motion to dismiss the amended complaint, originally filed by the plaintiff on August 7, 2015, without leave to amend. The plaintiff will have until January 17, 2018 to file a notice of appeal to the decision.
RHT

Hot Stocks

16:29 EDT Red Hat down 4.3% afterhours at $123.30 following Q3 results
BR MORN

Hot Stocks

16:28 EDT Broadridge to acquire Morningstar's 15c board consulting services unit - Broadridge Financial Solutions (BR) has agreed to acquire Morningstar, Inc.'s (MORN) 15c board consulting services business. The acquisition will strengthen Broadridge's ability to be the most complete source for independent, verifiable data that mutual fund boards of directors rely on to fulfill their governance responsibilities. Terms of the transaction, which is expected to close in January 2018 and is subject to the satisfaction of customary closing conditions, were not disclosed.
CAC

Hot Stocks

16:25 EDT Camden National increases Q4 dividend 9%, provides estimate of tax bill impact - Camden National Corporation announced that the board of the company increased its Q4 dividend by 2c per share, or 9%, to 25c per share. The dividend is payable on January 31, 2018 to shareholders of record on January 15, 2018. The company currently estimates, based on September 30, 2017 financial data, that for every 1% decrease in the Federal corporate income tax rate, diluted earnings per share will decrease 6c-8c per share. This is the result of a one-time capital charge related to the revaluation of its deferred tax assets once tax reform is passed. The company's actual results may vary materially from the estimate due to uncertainties in this preliminary information.
APTS

Hot Stocks

16:23 EDT Preferred Apartment acquires student housing community in Waco, Texas - Preferred Apartment Communities announced that on December 18 it converted a portion of the outstanding principal and accrued interest balances of its real estate loan investment along with an additional equity investment to add a 250-unit, 840-bed student housing community to an existing joint venture. Completed in 2016, this student housing community is located less than a mile from Baylor University in Waco, Texas and is named Preferred Campus Communities Waco, formerly called Haven South. The joint venture also owns Stadium Village, a 198-unit, 792-bed student housing community located near Kennesaw State University in the Atlanta, Georgia MSA. PAC owns a 99.0% equity ownership interest in the joint venture through its indirect, wholly-owned subsidiary Preferred Campus Communities, LLC.
MU

Hot Stocks

16:15 EDT Micron up 3.8% afterhours at $45.70 following Q1 earnings and Q2 guidance
FPRX ZLAB

Hot Stocks

16:13 EDT Five Prime and Zai Lab sign exclusive license agreement in Greater China - Five Prime (FPRX) and Zai Lab (ZLAB) announced an exclusive license agreement for FPA144 in Greater China and global strategic development collaboration. Five Prime's FPA144 is a monoclonal antibody in clinical development as a targeted immuno-therapy for tumors that overexpress FGFR2b, including gastric and gastro-esophageal junction cancer. The randomized, controlled Phase 3 portion of the FIGHT trial evaluating FPA144 plus chemotherapy is expected to start in the second half of 2018 and would serve as a global registrational study for the treatment of front-line gastric and gastro-esophageal junction cancers. Zai Lab will manage the Phase 3 portion of the trial in China. Under the terms of the agreement, Five Prime has granted Zai Lab an exclusive license to develop and commercialize FPA144 in the Greater China territory: China, Hong Kong, Macau, and Taiwan. Zai Lab will be responsible for conducting the Phase 3 FIGHT trial in Greater China, including screening, enrollment and treatment of patients, and for commercialization of FPA144 in the Greater China territory. Five Prime will manufacture and supply FPA144 for the study. Five Prime will receive a $5M upfront payment and is eligible to receive up to $39M in development and regulatory milestone payments. Zai Lab is also eligible to receive a low single-digit royalty from Five Prime on net sales of FPA144 outside of Greater China.
PFE

Hot Stocks

16:12 EDT FDA approves sNDA to expand indication of Pfizer's Bosulif - Pfizer announced the U.S. Food and Drug Administration approved a supplemental New Drug Application to expand the indication for BOSULIF to include adult patients with newly-diagnosed chronic phase Philadelphia chromosome-positive chronic myelogenous leukemia. The sNDA was reviewed and approved under the FDA's Priority Review and accelerated approval programs based on molecular and cytogenetic response rates. Continued approval for this indication may be contingent upon verification and confirmation of clinical benefit in an ongoing long-term follow up trial. BOSULIF was first approved in September 2012 in the U.S. for the treatment of adult patients with chronic, accelerated or blast phase Ph+ CML with resistance or intolerance to prior therapy.
BMRN

Hot Stocks

16:09 EDT BioMarin doses first patient in global GENEr8-1 Phase 3 study in hemophilia - BioMarin has dosed the first patient in the global GENEr8-1 Phase 3 study with the 6e13 vg/kg dose for valoctocogene roxaparvovec, an investigational gene therapy for the treatment of patients with severe hemophilia A. This is the first of two Phase 3 studies in the global Phase 3 program to dose a first patient. The global Phase 3 program includes two studies with valoctocogene roxaparvovec. Both Phase 3 GENEr8 studies will be open-label single-arm studies to evaluate the efficacy and safety of valoctocogene roxaparvovec. GENEr8-2 will enroll the first patient at the start of 2018. The primary endpoint in both studies will be based on the FVIII activity level achieved following valoctocogene roxaparvovec, and the secondary endpoints will measure annualized FVIII replacement therapy use rate and annualized bleed rate. BioMarin will also begin a Phase 1/2 Study with the 6e13kg/vg dose. The first patient is expected to enroll in the first half of 2018.The U.S. Food and Drug Administration granted valoctocogene roxaparvovec Breakthrough Therapy Designation. The European Medicines Agency has granted access to its Priority Medicines (PRIME) regulatory initiative for valoctocogene roxaparvovec. BioMarin's valoctocogene roxaparvovec has also received orphan drug designation from the FDA and EMA for the treatment of severe hemophilia A.
INVA

Hot Stocks

16:07 EDT Innoviva, Sarissa implement court order - Innoviva announced it implemented the Delaware Court of Chancery's order enforcing the oral settlement agreement with Sarissa Capital Domestic Fund LP and certain of its affiliates in connection with the company's 2017 annual meeting of stockholders, held on April 20, 2017. Pursuant to the Court order, the Company has expanded the size of the company's board of directors from six to eight members and appointed George Bickerstaff, III and Odysseas Kostas, M.D. as independent directors, bringing the number of independent directors to seven members. In addition, pursuant to the Court's order, Sarissa is terminating its previous litigation under Section 220 of the Delaware General Corporation Law.
BIIB IONS

Hot Stocks

16:07 EDT Biogen, Ionis enter collaboration to identify novel therapies for SMA treatment - Biogen (BIIB) and Ionis Pharmaceuticals (IONS) announced that they have entered into a new collaboration agreement to identify new antisense oligonucleotide drug candidates for the treatment of spinal muscular atrophy. Biogen will have the option to license therapies arising out of this collaboration and will be responsible for their development and commercialization. Under the new collaboration agreement, Ionis will receive a $25M upfront payment and will earn development and regulatory milestone payments from Biogen if new drugs advance towards marketing approval. Upon commercialization, Biogen will pay Ionis performance milestones and tiered royalties on net sales.
ALSN

Hot Stocks

16:06 EDT Allison Transmission signs six-year labor contract with UAW Local 933 - Allison Transmission announced that members of the United Automobile, Aerospace and Agricultural Workers of America Local 933 have ratified a new six-year collective bargaining agreement which becomes effective Dec. 19, 2017 and will expire on Nov. 14, 2023. The new CBA covers approximately 1,400 hourly employees who primarily work in the Indianapolis area.
LPLA

Hot Stocks

16:06 EDT LPL Financial reports November total new assets $1.3B - Total brokerage and advisory assets served at the end of November were approximately $575 billion, a 1.5 percent increase compared to the end of October 2017. Total net new assets for November were $1.3 billion. Total client cash sweep balances at the end of November were $27.7 billion, flat compared to October 2017.
SCVL

Hot Stocks

16:06 EDT Shoe Carnival announces $50M share repurchase program - Shoe Carnival announced that its board of directors authorized a new share repurchase program for up to $50M of its outstanding common stock, effective January 1, 2018. In addition, its board of directors approved the payment of a quarterly cash dividend of 7.5c per share to be paid on January 22, 2018, to shareholders of record as of the close of business on January 8, 2018. The new share repurchase program will replace the existing $50M share repurchase program that was authorized on December 6, 2016, which will expire in accordance with its terms on December 31, 2017. There is currently $13M that remains authorized for repurchases under the existing share repurchase program. Additional purchases may be made under the existing share repurchase program prior to its expiration.
GBL MGCD

Hot Stocks

16:02 EDT Gabelli reports 9.93% stake in MGC Diagnostics - Gabelli & Co., which reported a 9.93% activist stake in MGC Diagnostics, said that the firm does not intend to seek control of the company or participate in the management of the company.
KTOS

Hot Stocks

16:01 EDT Kratos Defense awarded $11.1M contract - Kratos Defense & Security Solutions was awarded a $11,097,936 firm-fixed-price modification to a previously awarded contract for the procurement of additional Oriole rocket motor systems. This modification is for the procurement of additional Oriole rocket motors and hardware that will be used as sub-orbital vehicles known as Aegis readiness assessment vehicles.
FCPT QSR

Hot Stocks

15:44 EDT Four Corners Property Trust acquires two Burger King properties for $3.3M - Four Corners Property Trust (FCPT) announced the acquisition of two Burger King (QSR) restaurant properties leased to Cambridge Franchise Holdings for $3.3M. The properties are located in Mississippi, and are occupied under two new and separate triple-net leases with 20 years of term remaining and a rent escalation of 1.5% annually. This is FCPT's fourth transaction with Cambridge, a franchisee with over 120 Burger King restaurants. The transaction was priced at a similar going-in cash cap rate as previously announced transactions.
OTTR

Hot Stocks

15:41 EDT Otter Tail appoints Jennifer Smestad as VP and General Counsel - Otter Tail Corporation announced that Jennifer O. Smestad will assume the roles of Vice President, General Counsel, and Corporate Secretary beginning January 1, 2018. For the past 17 years, Smestad has served in roles of increasing responsibility for the corporation's manufacturing and electric utility platforms. Smestad will be responsible for the legal affairs of the corporation and will retain her role as General Counsel at Otter Tail Power Company. The electric utility is the corporation's largest subsidiary.
ONCE

Hot Stocks

15:09 EDT Spark Therapeutics' Luxturna approved by FDA - Spark Therapeutics announced that the FDA has approved Luxturna, a one-time gene therapy product indicated for the treatment of patients with confirmed biallelic RPE65 mutation-associated retinal dystrophy. Luxturna should only be administered to patients with mutations on both copies of the RPE65 gene who have sufficient viable retinal cells as determined by their treating physicians. Luxturna is the first FDA-approved gene therapy for a genetic disease, the first and only pharmacologic treatment for an inherited retinal disease and the first adeno-associated virus vector gene therapy approved in the U.S.
OSTK

Hot Stocks

14:58 EDT Overstock's blockchain subsidiary security token sale launches - Overstock.com subsidiary tZERO's token sale opened for subscription on Dec. 18, and attracted overwhelming cryptocurrency and traditional institutional interest. Over $100M in commitments from investors were received in the first 12 hours. In just weeks since announcing the first-of-its-kind preferred equity security token, over 10,000 subscribers have registered for accreditation verification through Saftlaunch.com. The company expects the token pre-sale to be oversubscribed shortly and a significant portion of the tZERO security tokens issued will be available to accredited investors in the public sale beginning in January, 2018.
EXEL

Hot Stocks

14:56 EDT Exelixis announces expanded FDA approval of Cabometyx for patients with RCC - Exelixis announced that the FDA approved Cabometyx tablets for the expanded indication of patients with advanced renal cell carcinoma, or RCC. RCC is the most common form of kidney cancer in adults. The FDA's priority review and approval of Cabometyx was based on results from the randomized phase 2 CABOSUN trial in patients with previously untreated RCC, which demonstrated a statistically significant and clinically meaningful improvement in progression-free survival versus sunitinib, a current standard of care. The label expansion follows the initial FDA approval of Cabometyx in April 2016 for the treatment of patients with advanced RCC who have previously received anti-angiogenic therapy.
VKTX

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14:25 EDT G. Nicholas Farwell reports 7.8% passive stake in Viking Therapeutics - In a regulatory filing, G. Nicholas Farwell disclosed a 7.8% stake in Viking Therapeutics, representing roughly 2.7M shares. The filing does not allow for activism.
EVHC

Hot Stocks

13:51 EDT DOJ confirms settlement with Envision's EmCare subsidiary - The Justice Department announced settlements with two physician groups, EmCare Inc. and Physician's Alliance Ltd, for allegedly receiving illegal remuneration in exchange for patient referrals to hospitals owned by the now-defunct Health Management Associates. Under the settlement with EmCare, the physician group will pay $29.6M to resolve allegations that, from 2008 through 2012, EmCare received remuneration from HMA to recommend patients be admitted to HMA hospitals on an inpatient basis when the patients should have been treated on an outpatient basis. In a separate settlement, PAL, headquartered in Lancaster, Pennsylvania, and three of its executives, Lee Meyers, Michael Warren, M.D. and Wallace Longton, M.D., agreed to resolve allegations that, from 2009 until 2012, PAL accepted illegal remuneration from HMA to refer patients to two HMA hospitals, Lancaster Regional Medical Center and Heart of Lancaster Medical Center. Under the settlement, PAL and its executives will pay $4M plus a percentage of proceeds from the sale of PAL's interest in a joint venture with HMA. Envision Healthcare (EVHC) has also entered into a Corporate Integrity Agreement with the Department of Health and Human Services Office of Inspector General as part of the resolution of the EmCare matter. EmCare is a subsidiary of Envision.
BAC

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13:32 EDT Merrill Lynch fined $1.4M by FINRA for supervisory deficiencies - The Financial Industry Regulatory Authority announced that it has fined Merrill Lynch, Pierce, Fenner & Smith Incorporated $1.4M for failing to establish a reasonable supervisory system and procedures to identify and evaluate extended settlement transactions, and for related rule violations. FINRA found that from at least April 2013 through June 2015, Merrill's customers engaged in extended settlement transactions with notional values of hundreds of millions of dollars across numerous firm product lines. Despite the prevalence of these transactions, Merrill's supervisory system, including written supervisory procedures, was not reasonably designed to identify and evaluate extended settlement transactions for compliance with margin and net capital rules. FINRA also found that Merrill improperly extended hundreds of millions of dollars of margin credit in numerous retail customers' cash accounts. In settling this matter, Merrill Lynch neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
PZZA

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13:31 EDT Papa John's to expand in Bahamas - Papa John's continues its expansion internationally with the signing of a development agreement for the Bahamas. PPJ Bahamas signed a development agreement to open five restaurants over the next 36 months in the Bahamas with the first store scheduled to open in Nassau mid-2018.
LNGG

Hot Stocks

13:25 EDT Linn Energy sells Oklahoma, Texas properties for $122M - Linn Energy announces that it has signed a definitive agreement to sell its Oklahoma Waterflood and Texas Panhandle properties to an undisclosed buyer for a contract price of $122M, subject to closing adjustments. The combined properties to be sold consist of approximately 179,000 net acres in Oklahoma and Texas with Q3 net production of approximately 5,200 BOE/d. The sale is expected to close in Q1 of 2018 with an effective date of October 1, 2017. This transaction is subject to satisfactory completion of title and environmental due diligence. Linn said, "The sale of these mature assets substantially reduces the Company's future abandonment liabilities and operating expenses. Estimated annual general and administrative expenses for these combined properties is approximately $4-6 million, which is not included in the field level cash flow estimates provided." The stock in afternoon trading is up 25c to $38.00.
RCI

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12:32 EDT Rogers Media, CBC sign new seven-year sub-licensing agreement - Rogers Media and CBC have signed a new seven-year sub-licensing agreement for English-language broadcasts of Hockey Night in Canada and the Stanley Cup playoffs, beginning with the 2019-20 season. The new deal, which follows a previous four-year sub-licensing deal and one-year extension, runs through the end of the 2025-26 season which is when Rogers's historic 12-year national broadcast rights deal with the NHL is due to expire. The agreement ensures that Hockey Night in Canada broadcasts continue to reach the maximum number of Canadians every Saturday night on CBC, Sportsnet, and City. In addition, Hockey Night in Canada games are also available on the CBC Sports app, the CBC TV app, CBCSports.ca, Rogers NHL LIVE and Sportsnet NOW.
LOGM

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12:04 EDT LogMeln down 4% to $115.75 after issuing outlook at analyst day
D

Hot Stocks

11:57 EDT Dominion Cove Point LNG continues commissioning work - Dominion Energy is continuing with final commissioning work at its Cove Point LNG export facility in Lusby, MD, and looks forward to commercial operations early next year under the terms of previously negotiated 20-year contracts with ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, and for GGULL, the U.S. affiliate of GAIL LTD. All major equipment has been operated and is being commissioned following a comprehensive round of thorough testing and quality assurance activities. DECP's liquefaction facility has a nameplate capacity of 5.25 mtpa of liquefied natural gas.
TMQ

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11:30 EDT Trilogy Metals trading resumes
UTX

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11:22 EDT United Technologies pays $1.06M to resolve False Claims Act violations - John H. Durham, United States Attorney for the District of Connecticut, announced that United Technologie has entered into a civil settlement agreement with the federal government and paid $1.06M o resolve federal False Claims Act violations involving Goodrich Pump and Engine Controls Systems, a company UTC indirectly owned from July 2012 through March 2013. Reference Link
RIOT

Hot Stocks

11:16 EDT Citron sees fraud at Riot, challenges CEO to debate - Andrew Left of short-selling research blog Citron Research took to Twitter to challenge Riot Blockchain's CEO in a live debate, claiming the company is making "fraudulent statements." Citron tweeted, "$RIOT is THE most traded retail stock in market today yet Citron believes they are making fraudulent claims to investors. We challenge CEO John O'Rourke to a live debate on CNBC Fast Money today. We will be there." Yesterday Citron announced via Twitter a short position in the stock. It said, "Full mania.. No reason to short any stocks now that even have business while the market has given us stocks like $RIOT. Starting short position here. The bar for finding good shorts has been lowered." Shares of Riot Blockchain are up 23%, or $8.92, to $45.39 in late morning trading.
TMQ

Hot Stocks

11:10 EDT Trilogy Metals announces new large shareholder, CEO increases position - Trilogy Metals announces that a wholly-owned subsidiary of South32 Limited has become a new significant shareholder of the company owning approximately 6.5M shares of the company or approximately 6% of the outstanding common shares. Rick Van Nieuwenhuyse, the company's CEO has also increased his shareholdings of Trilogy Metals by approximately 1.7M shares, owning approximately 2.8M common shares of the company or approximately 2.6%. South32 and Van Nieuwenhuyse have purchased shares from a previous shareholder. Concurrently, Trilogy Metals has given South32 participation rights in future financings to participate at a minimum of 20% to a maximum of 40% in future financings, private or public, to a maximum ownership of 19.9% in the company. This right expires if South32 does not participate for the lesser of 20%, or that number of shares that would not put them past a 19.9% ownership interest in the company, in any particular financing.
FB

Hot Stocks

11:09 EDT Facebook announces new tools to prevent harassment - Antigone Davis, Global Head of Safety at Facebook, said: "Today we are announcing new tools to prevent harassment on Facebook and in Messenger - part of our ongoing efforts to build a safe community. Based on feedback from people who use Facebook, as well as organizations representing groups who disproportionately experience harassment like women and journalists, we are introducing new features that: Proactively recognize and help prevent unwanted contact like friend requests and messages when someone you blocked sets up a new account or tries to contact you from another account they control; Provide the option to ignore a Messenger conversation and automatically move it out of your inbox, without having to block the sender. We've heard stories from people who have blocked someone only to encounter the same harasser using a different account. In order to help prevent those bad encounters, we are building on existing features that prevent fake and inauthentic accounts on Facebook. These automated features help us identify fake accounts more quickly and block millions of them at registration every day. If someone is being harassed, blocking the abuser sometimes prompts additional harassment, particularly offline. We've also heard from groups that work with survivors of domestic violence that being able to see messages is often a valuable tool to assess if there is risk of additional abuse. Now, you can tap on a message to ignore the conversation." Reference Link
NVCR

Hot Stocks

11:08 EDT Novocure says final analysis of Phase 3 Optune trial published in JAMA - Novocure announced that the final analysis of its Phase 3 pivotal trial of Optune in combination with temozolomide for the treatment of newly diagnosed glioblastoma has been published in the Journal of the American Medical Association. The final analysis proved that overall survival and progression free survival were each significantly extended by 37% for patients who received Optune plus temozolomide compared to patients who received temozolomide alone, the company said. It added, "The analysis demonstrated a greater than one in eight chance of five-year survival for patients with newly diagnosed GBM treated with the Optune and temozolomide. The statistically significant benefit of Optune with temozolomide on overall survival was seen in all pre-specified patient subgroups, regardless of prognostic factors such as age, performance status, MGMT promotor methylation and extent of resection."
HII

Hot Stocks

11:02 EDT Huntington Ingalls awarded contract for Columbia-class integrated product - Huntington Ingalls Industries announced that its Newport News Shipbuilding division was awarded a contract from General Dynamics Electric Boat worth up to $468M to begin work on integrated product and process development for the U.S. Navy's new Columbia-class submarines. The Navy awarded a $5B detailed design contract to General Dynamics Electric Boat on Sept. 21. Newport News Shipbuilding is the subcontractor for the new class of ballistic-missile submarines that are being designed to replace the Ohio-class submarines. The contract work, which began on Oct. 1, allows for the completion of the design and also includes engineering analysis, component development, detail planning and technical services. Construction of the 12-submarine Columbia class is expected to begin in fiscal year 2021, with the first delivery to the Navy in 2028.
CAR HA

Hot Stocks

11:01 EDT Avis Budget named exclusive car rental partner for Hawaiian Airlines - Avis Budget Group (CAR) announced that it is now the exclusive car rental partner of Hawaiian Airlines (HA), Hawaii's largest and longest-serving airline. Under the multi-year agreement, Avis Budget Group will promote its Avis Car Rental, Budget Car Rental and Payless Car Rental brands, products and services as well as value-added offers directly to Hawaiian Airlines' guests and members of HawaiianMiles, the carrier's frequent flyer travel rewards program.
ONCE

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10:47 EDT Spark Therapeutics gene therapy treatment wins FDA approval - The Food and Drug Administration today approved Spark Therapeutics' Luxturna, a new gene therapy, to treat children and adult patients with an inherited form of vision loss that may result in blindness. Luxturna is the first directly administered gene therapy approved in the U.S. that targets a disease caused by mutations in a specific gene. Luxturna is approved for the treatment of patients with confirmed biallelic RPE65 mutation-associated retinal dystrophy that leads to vision loss and may cause complete blindness in certain patients. Reference Link
ONCE

Hot Stocks

10:39 EDT FDA approves Spark Therapeutics gene therapy Luxturna
PTLA

Hot Stocks

10:37 EDT Portola Pharmaceuticals says FDA approves PAS for Bevyxxa ahead of action date - Portola Pharmaceuticals announced that the U.S. FDA has approved the company's Prior Approval Supplement for Bevyxxa ahead of its scheduled January 30th action date, allowing for the release and distribution of its current product inventory. The company plans to initiate commercial launch in early January 2018 and will provide an update during the next investor presentation and webcast, scheduled for Tuesday, January 9 at 10am ET. Bevyxxa was approved by the FDA on June 23, 2017 as a single-drug regimen in the hospital and following discharge for a treatment duration of 35-42 days for the prevention of VTE in adult patients hospitalized for an acute medical illness who are at risk for thromboembolic complications due to moderate or severe restricted mobility and other risk factors for VTE.
TMQ

Hot Stocks

10:36 EDT Trilogy Metals trading halted, news pending
FB

Hot Stocks

10:35 EDT Facebook announces on/off switch for face recognition in pictures, videos - Joaquin Quinonero Candela, Director, Applied Machine Learning at Facebook, says: "Today we're announcing new, optional tools to help people better manage their identity on Facebook using face recognition. Powered by the same technology we've used to suggest friends you may want to tag in photos or videos, these new features help you find photos that you're not tagged in and help you detect when others might be attempting to use your image as their profile picture. We're also introducing a way for people who are visually impaired to know more about who is in the photos they encounter on Facebook. Now, if you're in a photo and are part of the audience for that post, we'll notify you, even if you haven't been tagged. You're in control of your image on Facebook and can make choices such as whether to tag yourself, leave yourself untagged, or reach out to the person who posted the photo if you have concerns about it. We want people to feel confident when they post pictures of themselves on Facebook so we'll soon begin using face recognition technology to let people know when someone else uploads a photo of them as their profile picture. We're doing this to prevent people from impersonating others on Facebook. You control whether Facebook can recognize you in photos and videos. Soon, you will begin to see a simple on/off switch instead of settings for individual features that use face recognition technology. We designed this as an on/off switch because people gave us feedback that they prefer a simpler control than having to decide for every single feature using face recognition technology. We are introducing these new features in most places, except in Canada and the EU where we don't currently offer face recognition technology." Reference Link
CCL

Hot Stocks

10:31 EDT Carnival sees FY18 CapEx $4.4B
CCL

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10:31 EDT Carnival says 'very comfortable' with capacity growth projections
CCL

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10:28 EDT Carnival says saw strength in on-board yields
MO BUD

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10:23 EDT Trump Effect: Analyst says buy Altria Group on proposed U.S. tax changes - Shares of Altria Group (MO) are on the rise after Berenberg analyst Jonathan Leinster upgraded the stock to Buy, citing the proposed tax changes under the new Republican bill that he expects to be approved soon. Additionally, the analyst also argued that recent regulatory fears seem to be overblown. BUY ALTRIA GROUP: In a research note this morning, Berenberg's Leinster upgraded Altria Group to Buy from Hold to reflect the proposed U.S. corporate tax changes. While he acknowledged that there are "undoubtedly" a significant number of complications, including foreign income dividends and ceilings on the amount of tax deductibility of debt interest, the analyst told investors that he believes that the major impact of the Republican tax bill on Altria will simply be the reduction in the base rate. He has assumed that the headline rate for the company will decline from 35%-36% to 21%-22%. Overall, Leinster believes the tax changes should have an impact on just the domestic operations and not on the foreign income dividend from Altria's 10% stake in AB-InBev (BUD). The analyst also added that investors should note that because the company broadly returns 100% of free cash flow to shareholders, the rise in expected earnings also means an increase in cash returns of more than 20%. OVERBLOWN REGULATORY FEARS: Additionally, Berenberg's Leinster argued that while the U.S. Food and Drug Administration's announcement of a new vision for the U.S. market, he believes the FDA would face years of opposition to any changes that significantly undermined cigarette volumes. Either there will be compromise on all sides or implementation will take years, he contended. While Leinster notes that the shift away from conventional cigarettes has been ongoing for years, he pointed out that the industry needs to improve the daily unit profitability of some of its non-cigarette products and to develop non-cigarette products that appeal more to women. NEW PRODUCTS: Leinster highlighted that Altria will be the license-holder and distributor for the iQOS heated tobacco product in the U.S., and noted that he expects the FDA to approve the premarket tobacco product application for this product in the first quarter of 2018. PRICE ACTION: In morning trading, shares of Altria have gained almost 2% to $73.84. "Trump Effect" is The Fly's recurring series of exclusive stories that highlight stocks that are being impacted, or are predicted to be impacted, by the comments, actions and policies of President Trump and his administration.
DNAD

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10:20 EDT DNA Dynamics subsidiary to acquire Bitcoin ATM patent - DNA Dynamics announced that its UK Subsidiary, DNA Interactive Limited, has signed a Binding Term Sheet to acquire a patent that requires any Bitcoin ATM operator to give a royalty on every Bitcoin ATM transaction throughout the U.S. DNA reports that the 'Bitcoin ATM' is relatively new and has seen the number of units grow from 500 just over a year ago to nearly three times that number today.
APLS

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10:17 EDT Apellis appoints Timothy Sullivan CFO - Apellis Pharmaceuticals announced the appointment of Timothy Sullivan as CFO. Prior to joining as CFO, Sullivan was an observer on Apellis' board for nearly three years while he was a Partner at AJU IB Investment, a venture capital firm, where he led the firm's investments in life sciences companies.
CCL

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10:13 EDT Carnival says expects FY18 capacity growth of 1.9% - Sees 5% annual capacity growth through 2022. Say has accelerated efforts on cost containment. Expects another $80M in savings in 2018. Comments from Q4 earnings conference call.
AGCO DE

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10:13 EDT Agco falls after 2018 earnings outlook misses estimates - Shares of Agco (AGCO) are down 3% to $72.72 after its earnings outlook for 2018 missed consensus expectations. Shares of Deere (DE) are down 68c to $153.34. Agco is hosting its analyst meeting today.
AGCO DE

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10:09 EDT Agco falls 3% after 2018 earnings outlook misses estimatesDeere - Shares of Agco (AGCO) are down 3% to $72.72 after its earnings outlook for 2018 missed consensus expectations. Shares of Deere (DE) are down 68c to $153.34. Agco is hosting its analyst meeting today.
AGCO

Hot Stocks

10:05 EDT Agco falls after guidance misses expectations
LYV

Hot Stocks

10:01 EDT Live Nation acquires interest in Bank of New Hampshire Pavilion - Live Nation Entertainment said it has acquired an interest in the Bank of New Hampshire Pavilion in Gilford, NH. The executive team currently in place at the Pavilion, led by president Robert "R.J." Harding and his wife Bridget, will continue to run day-to-day operations and will work with Ticketmaster to integrate its primary ticketing services.
CMTL

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10:01 EDT Comtech unit announces maintenance renewal worth more than $2.3M - Comtech announced that during its second quarter of fiscal 2018, its Enterprise Technologies group, which is part of Comtech's Commercial Solutions segment, received a maintenance renewal worth more than $2.3M with a key Fortune 100 customer licensing various location-based services platforms, including Comtech's Xypoint Gateway Mobile Location Center and Secure User Plane Location Server.
HAS AMZN

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09:53 EDT Hasbro introduces Trivial Pursuit Tap, among first games to use Echo buttons - Hasbro (HAS) said "Gamers can test their trivia skills like never before with the launch of Trivial Pursuit Tap, an interactive game that brings together Amazon Alexa (AMZN) and Hasbro, Inc.'s iconic and popular trivia game." Trivial Pursuit is the first major board game to be adapted for Alexa with Echo Button capabilities. Initially, Trivial Pursuit Tap will launch in the U.S., UK and Germany. Amazon Echo buttons will be available as 2-packs for $19.99; up to 4 buttons can be connected to a compatible Echo device.
SHBI

Hot Stocks

09:51 EDT Shore Bancshares trading resumes
CRCW BITCOIN

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09:48 EDT SEC suspends trading in Crypto Company over concerns, insider sales - The Securities and Exchange Commission suspended trading today in shares of Crypto Company. The agency said in an order, "It appears to the Securities and Exchange Commission that the public interest and the protection of investors require a suspension of trading in the securities of The Crypto Company because of concerns regarding the accuracy and adequacy of information in the marketplace about, among other things, the compensation paid for promotion of the company, and statements in Commission filings about the plans of the company's insiders to sell their shares of The Crypto Company's common stock. Questions have also arisen concerning potentially manipulative transactions in the company's stock in November 2017." Reference Link
SHBI

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09:46 EDT Shore Bancshares trading halted, volatility trading pause
QHC

Hot Stocks

09:45 EDT Quorum Health reports CMS approval on 2017-2019 California hospital fee program - Quorum Health Corporation announced that on Friday, the Centers for Medicare & Medicaid Services issued formal approval of the 2017-19 Hospital Fee Program. The approvals include the inpatient and outpatient fee-for-service supplemental payments and the overall tax structure. The California Hospital Association will work with the Department of Health Care Services to develop an implementation schedule and update the draft model to reflect the CMS-approved amounts. By the end of January, CHA will distribute hospital-specific schedules that include the estimated fees and payments for the 2017-19 Hospital Fee Program.
TCO

Hot Stocks

09:32 EDT Land & Buildings issues presentation on Taubman Centers - Land & Buildings Investment Management issued a presentation regarding the severe discount of Taubman Centers shares, including the implications of the recently announced acquisition of Westfield by Unibail-Rodamco on the value Taubman Centers. The company said, "The presentation titled 'Taubman Centers Too Cheap To Ignore - Value Investors Buying High-Quality Mall Real Estate,' highlights the 60%+ upside opportunity in shares of Taubman based on the announced sale of Westfield and robust activity at Taubman's nine dominant malls. The presentation also highlights: TCO merits an even higher valuation than Westfield, in our view, given its superior quality on various metrics and significant operational upside potential.Last week, Taubman Centers disclosed in an 8-K filing a new severance plan for certain members of senior management, protecting such executives in the event of termination following a change in control of the Company Strong traffic throughout the holiday seasons is evident based on a photo tour of Taubman's nine dominant malls and encouraging commentary by numerous retailers and industry participants." Jonathan Litt, founder and CIO of Land & Buildings, stated, "The announced sale of high-quality mall landlord Westfield for $25 billion is just the latest data point highlighting the severe discount that Taubman trades at relative to the underlying asset value - with at least 60% upside to net asset value. Further, the strong industry data for the holiday season bodes well for the performance of the Class A mall industry looking forward."
UPS TSLA

Hot Stocks

09:22 EDT UPS pre-orders 125 Tesla electric trucks - UPS (UPS) announced it has placed a reservation for 125 of Tesla's (TSLA) new fully-electric Semi tractors. The new tractors will join UPS's extensive alternative fuel and advanced technology vehicle fleet, comprised of trucks and tractors propelled by electricity, natural gas, propane and other non-traditional fuels. UPS's preorder of Tesla vehicles complements and advances the company's overall commitment to reduce its absolute greenhouse gas, or GHG, emissions from global ground operations 12 percent by 2025, a goal developed using a methodology approved by the Science Based Targets initiative.
MPC MPLX

Hot Stocks

09:21 EDT John Fox released letter to MPLX directors responding to Marathon Petroleum - John M. Fox released an open letter to the board of directors of MPLX responding to Marathon Petroleum Corporation's announcement to demand over $10B for its GP economic interest in MPLX. Letter began "Dear Gary, As you have seen from my letter to you and the MPC board yesterday the price contemplated for MPLX's purchase of MPC's IDRs (incentive Distribution Rights) is extraordinarily excessive. As Chairman of MPLX's General Partner it is incumbent on you to ensure that the Conflicts Committee reviewing and approving the proposed IDR take-out transaction act in good faith and "subjectively believe that the determination . . . is not adverse to the best interests of the Partnership Group". The words in quotes are from the Third Amended and Restated Agreement of Limited Partnership of MPLX LP dated as of October 31, 2016 (as amended) and it appears to me that the proposed transaction value is adverse to the best interests of the Partnership Group in that the Partnership Group is paying an unjustified price to eliminate the GP IDR interest, diluting all unitholders. Moreover, I believe the price agreed to by MPLX would not be one agreed to by truly independent directors."
NAV...

Hot Stocks

09:20 EDT On The Fly: Pre-market Movers - UP AFTER EARNINGS: Navistar (NAV), up 10.1%... Worthington (WOR), up 2.6%... Meet Group (MEET), up 12.1%... Darden Restaurants (DRI), up 4.1%... Carnival Corp (CCL), up 2.3%. ALSO HIGHER: Jack in the Box (JACK), up 3.1% after agreeing to sell sell Qdoba to Apollo (APO) affiliates for $305M... Carlyle Group (CG), up 3.5% after selling Signode Industrial Group to Crown Holdings (CCK) for $3.91B. LOWER: Kindred Healthcare (KND), down 5.3% after being acquired by a consortium for $9 per share in cash... Apple (AAPL), down 1% after being downgraded to Neutral from Buy at Nomura Instinet... Marathon Patent Group (MARA), down 11.7% after announcing it raised $7.5M in a registered direct offering.
CCL

Hot Stocks

09:20 EDT Carnival CEO: Achieved record cash from operations in FY17 - Carnival Corporation & plc President and CEO Arnold Donald noted, "We exceeded the high end of our original full year 2017 guidance by $0.22 per share, achieving record cash from operations of $5.3 billion and another adjusted earnings per share record despite a significant drag from fuel and currency. Our full year performance was led by over 4.5 percent growth in ticket prices while overcoming a variety of headwinds, affirming that our core strategy, which is anchored in delivering exceptional guest experiences, driving demand through marketing programs to increase cruise consideration, and introducing new more efficient ships through measured capacity growth all while leveraging our scale, can deliver consistent earnings improvements."
CCL

Hot Stocks

09:19 EDT Carnival: FY18 advance bookings ahead of prior year at higher prices - At this time, cumulative advance bookings for full year 2018 are ahead of the prior year at higher prices. Since November, booking volumes for 2018 have been running well ahead of the prior year at higher prices. CEO Arnold Donald commented, "Despite booking disruptions from this year's multiple hurricanes, we are still heading into 2018 with a stronger base of business and higher prices than last year. We have numerous efforts underway to keep the momentum going in 2018 and beyond, from our innovative approaches to increase consideration for cruising, including our recently announced partnership with Univision, to the further roll-out of our state-of-the-art revenue management system. In 2018 we also look forward to the delivery of four new cutting-edge ships, Carnival Horizon, Seabourn Ovation, AIDAnova, and Nieuw Statendam to further our strategic fleet enhancement program." Based on current booking trends, the company expects full year 2018 net revenue yields in constant currency to be up approximately 2.5 percent compared to the prior year. The company expects full year net cruise costs excluding fuel per ALBD in constant currency to be up approximately 1.0 percent compared to the prior year. As a result of higher fuel prices, forecasted fuel costs for the full year 2018 are expected to increase approximately $117 million compared to the prior year, net of realized fuel derivatives, reducing earnings by $0.16 per share. This is partially offset by favorable movements in currency exchange rates, which are forecasted to increase earnings by $0.08 per share. Taking the above factors into consideration, the company expects full year 2018 adjusted earnings per share to be in the range of $4.00 to $4.30, compared to 2017 adjusted earnings per share of $3.82. Donald added, "We remain on track to achieve double digit return on invested capital in 2018. We are committed to the continued distribution of cash to shareholders through increasing dividends, currently totaling $1.3 billion annually, and ongoing share repurchases, which have exceeded $3 billion since late 2015."
LFIN

Hot Stocks

09:18 EDT Longfin sinks after CEO calls stock rise 'euphoric mania' - Shares of Longfin are sinking 27% in premarket trading after CNBC last night interviewed the company's CEO Venkat Meenavalli. The executive defended Longfin's purchase of a blockchain company two days after going public. Meenavalli, which pointed out his revenue is growing 200% this year, attributed the recent rise in Longfin shares to "euphoric mania" and a small float. He added that the company's current market capitalization is not justified. The stock in premarket trading is down $19.88 to $52.50. On December 15, the shares opened at $9.76. Reference Link
SDPI WFT

Hot Stocks

09:17 EDT Superior Drilling announces joint marketing development agreement with Weatherford - Superior Drilling Products (SDPI) announced that it has executed an agreement with Weatherford U.S., L.P. (WFT) to launch a joint market development program to introduce its patented Drill-N-Ream well bore conditioning tool in the Middle East. Under the development agreement, Weatherford and SDP will demonstrate the DnR's capabilities with large Middle East operators in Saudi Arabia, Kuwait and Oman. The program is planned to continue through June 30, 2018. SDP and Weatherford will each have an in country, local resident Product Champion to execute the pilot test program of 16 DnR tools. Upon the technology being proven in the region, the parties plan to enter into a long-term commercial agreement. Any rental fees generated during the market development program will be shared between the partners, and SDP will be reimbursed for costs of repair and maintenance.
CG

Hot Stocks

09:16 EDT Carlyle Group is up 3.5% in the pre-market at $22.45 after sale of Signode
CCK CG

Hot Stocks

09:11 EDT Crown Holdings buys Signode Industrial Group for $3.91B from Carlyle Group - Crown Holdings (CCK) announced that it has entered into an agreement to acquire Signode Industrial Group Holdings (Bermuda) Ltd., a leading global provider of transit packaging systems and solutions, from The Carlyle Group (CG), in a cash transaction valued at $3.91 billion subject to customary closing adjustments. The acquisition, which is subject to review by various competition authorities, is expected to close during the first quarter of 2018 and to significantly increase free cash flow. Debt financing has been fully committed in support of the transaction. With pro forma sales and adjusted EBITDA of $2.3 billion and $384 million, respectively, for the twelve months ended November 30, 2017, Signode is the world's leading supplier of transit packaging systems and solutions, which consist of strap, stretch and protective packaging consumables and the application equipment and tooling for each. Based in Glenview, Illinois, Signode's global footprint includes operations in 40 countries across 6 continents, with sales to customers in approximately 60 countries.
CSGS TU

Hot Stocks

09:09 EDT TELUS leverages CSG managed services for wholesale business - CSG (CSGS) announced that TELUS (TU) now leverages CSG's managed services program to create an efficient cloud-based virtual back office to fulfill billing, contract management and financial management of their U.S. and international voice termination business. TELUS provides a wide range of telecommunications products and services to the Canadian market, including wireless, data, Internet protocol, voice, television, entertainment and video, and is Canada's largest healthcare IT provider. The company has chosen CSG's Wholesale Business Management Suite of solutions as a managed service. As part of a managed service agreement, CSG provides key components of its wholesale billing services hosted in a Software-as-a-Service model, including its Interconnect solution, designed to automate the wholesale settlements process.
SPCB

Hot Stocks

09:08 EDT SuperCom secures contract to deploy EM suite of GPS tracking in Western Kentucky - SuperCom has secured a contract to provide its PureSecurity Electronic Monitoring, or EM, suite of GPS and home detention offender tracking and monitoring solutions in Western Kentucky. The program will provide much needed private full-service EM services to courts and jails in the Western Kentucky region. In the initial deployment stage, SuperCom will work with the customer to develop rules and procedures, provide training, and assist in the environment build-out. SuperCom expects to complete initial deployment and start generating steady-state recurring revenue in Q1 2018.
PPG

Hot Stocks

09:07 EDT PPG announces price increase for precipitated silica products - PPG announced that it is raising prices by up to 6% for sodium silicate and all precipitated silica grades globally. The increase will take effect Jan. 1, 2018, or as contracts allow, and applies to all end-use segments. This price increase partially offsets rising raw material costs and operating costs and is necessary to support continued investment in silica production and research and development, according to Bill Fish, PPG commercial director, silica products. "Unfortunately, our costs can no longer be offset solely by ongoing productivity improvements and cost-saving initiatives," said Fish. "The silica segments are forecasted to have healthy growth for the foreseeable future. This price increase enables us to further invest in our operations to meet increasing customer demand while continuing to be an industry leader in silica product innovation."
PHG

Hot Stocks

09:07 EDT Philips, HomeLab partner for indoor air quality - Philips has teamed up with HomeLab to support its mission to create healthier homes. With HomeLab's Healthy Home Program, consumers can monitor their home's air vitals and get expert guidance on how to create a healthier home through the use of tools such as the Philips Air Purifier. With professional grade AeraSense technology, Philips Air Purifiers automatically monitor, react, and purify indoor air, capturing 99.97% of particle. The product's unique numerical index, corresponding color ring, and connected app, make it easy to track and control air quality in the home - alerting in real-time to even the slightest change in indoor air conditions, aiding HomeLab in their analysis.
FFWM

Hot Stocks

09:06 EDT First Foundation to acquire Pemier Business Bank in 100% stock transaction - First Foundation and PBB Bancorp announced the signing of a definitive merger agreement under which First Foundation will acquire PBB Bancorp. The transaction, which has been unanimously approved by each company's board of directors, is expected to close in the second quarter of 2018 and is subject to customary closing conditions, including obtaining approval by PBB Bancorp's shareholders and bank regulatory authorities. Pursuant to the merger agreement, PBB Bancorp shareholders will receive 1.05 shares of First Foundation common stock in exchange for each share of PBB Bancorp. The 100% stock transaction is valued at approximately $106 million in aggregate, based on a closing price for First Foundation's common stock of $19.04 as of December 18, 2017, and the value per share for a PBB Bancorp shareholder is $19.99. The value of the merger consideration will fluctuate based on First Foundation's common stock price.
SELB

Hot Stocks

09:05 EDT Disarm Therapeutics appoints Peter Keller as Chief Business Officer - Disarm Therapeutics announced that Peter Keller is joining the company as Chief Business Officer on January 1, 2018. Keller previously was CBO at Selecta Biosciences where he directed the company's product and business strategy leading to a $70B IPO and a more than $2B deal with Spark Therapeutics. Disarm's scientific founders identified the role of the SARM1 protein as the central driver of axonal degeneration, which causes disability and disease progression in a broad range of neurological disorders. Prior to Selecta, Keller was Vice President, Head of Mergers & Acquisitions and Alliance Management at Solvay Pharmaceuticals, where he negotiated license and acquisition agreements in various therapeutic areas such as vaccines, neurology and cardiology.
RGA

Hot Stocks

09:04 EDT Reinsurance Group to reinsure GBP900M block of LV= annuity business - Reinsurance Group of America announced the completion of an asset and longevity risk transaction with Liverpool Victoria Friendly Society, or LV=. Under the agreement, RGA will reinsure approximately GBP 900M in individual annuity business. Additional terms of the transaction are not being disclosed.
CONE

Hot Stocks

09:04 EDT CyrusOne to expand into Atlanta with new data center campus - CyrusOne announced plans for expansion into the Atlanta area to service the company's expanding customer base of hyperscale cloud providers and Fortune 1000 enterprise customers. Upon full build-out, the 44-acre campus in the Atlanta suburb of Douglasville, Georgia, will comprise three data centers, with 440,000 square feet of data center space and 50 megawatts of critical power. Construction is scheduled to being in the first quarter of 2018 with completion of the first data center planned for the summer of 2018.
CVGW

Hot Stocks

09:03 EDT Calavo Growers sees FY18 revenue growth of 20%, double digit EPS growth - Commenting on fiscal 2018, CEO Cole stated: "Building upon the accomplishments of the most recent year, Calavo moves forward in a very strong position and I'm very confident and optimistic about the company's course ahead. "The current year's avocado forecast calls for a larger all-source domestic fruit supply which bodes well for our Fresh segment. The current industry outlook suggests that supply should increase this year over 20 percent, even after accounting for any fruit loss from the recent California fires. To that point, the industry remains on an extended avocado-consumption growth trajectory-both domestically and internationally. Calavo-with its breadth of resources across sourcing, production and distribution-is well positioned to satisfy this sustained uptick in demand. Calavo's fresh avocado production capacity is being further augmented by our newest packinghouse in Jalisco, Mexico, which came online in fiscal 2017, and is enabling us to better serve customers in Asia, Canada and Europe. For the reasons noted above, we expect double digit revenue growth for our Fresh segment in fiscal 2018. TTurning to Calavo Foods, we expect another year of strong double-digit revenue growth for the segment. As raw material costs moderate, we expect segment margins to return to historic norms. Our expectation is for Calavo Foods to provide solid incremental contribution to revenues and gross margin in the current year. Strategic initiatives implemented in the past three years are all solidly in place and are expected to serve as the drivers of Calavo's continued revenue and profit growth. It leaves me enormously optimistic about fiscal 2018 and beyond. To that end, I am confident in forecasting top-line growth of 20 percent leading to a double-digit increase in earnings per share in the current year. We look forward to reporting on our progress toward this end as fiscal 2018 progresses."
TRV

Hot Stocks

09:03 EDT Travelers Europe to apply for authorization to create Dublin subsidiary - Travelers Europe announced that it will apply to the Central Bank of Ireland for authorisation of a new, wholly owned insurance subsidiary incorporated in the Republic of Ireland. Based in Dublin, this new subsidiary will enable Travelers to continue to seamlessly serve its customers and broking partners in Ireland and across Europe when the UK exits the European Union, as currently planned in March 2019. The establishment of a new subsidiary in Ireland is subject to receiving all necessary regulatory approvals and to future regulatory developments. This proposed plan will not affect Travelers' significant UK-based operations, comprising its general insurance business and Lloyd's syndicate, which will continue to operate under existing UK licences.
MTCH

Hot Stocks

09:02 EDT Match Group and Univision Communications launch Chispa dating app - Match Group and Univision Communications announced the launch of Chispa, the new dating app to match, chat and meet Latino singles. The two companies have come together to launch the free dating app now available nationwide through the Google Play and iOS app stores. According to the U.S. Census, of the 57M U.S. Hispanics, approximately 13M are single, unmarried or not in a relationship.
SGYP

Hot Stocks

09:01 EDT Synergy Pharmaceuticals appoints Troy Hamilton as CEO - Synergy Pharmaceuticals announced that Troy Hamilton, Pharm.D., previously Executive Vice President, Chief Commercial Officer, has been appointed CEO, effective immediately. Gary S. Jacob, Ph.D., previously President, CEO and Chairman, has assumed the position of Executive Chairman of the Board of Directors. "One of my initial areas of focus will be to work with our CFO, Gary Gemignani, and the Synergy management team to continue to refine our business plan and focus on achieving cost efficiencies throughout the company while prioritizing investments that will drive significant TRULANCE growth," Hamilton said. "As we move into 2018, we will continue to evaluate all strategic and business development opportunities to maximize the value of TRULANCE and leverage our commercial infrastructure, remaining focused on delivering long-term value for patients, healthcare providers and our shareholders."
IPXL

Hot Stocks

08:47 EDT Impax to sell manufacturing facility in Taiwan to Bora for $18.5M - Impax Laboratories announced that it has entered into a definitive agreement to sell its manufacturing facility in Taiwan to Bora Pharmaceuticals. This sale supports Impax's operational and cost improvement plans to streamline operations and reduce costs. Under the terms of the agreement, Bora will purchase all of the issued share capital in Impax Taiwan and certain loans outstanding between Impax and Impax Taiwan for a total purchase price of $18.5M. As a result of the sale, Impax expects to record a pre-tax impairment charge of approximately $70.0M to $80.0M in the Q4 of this year. Impax has also signed a supply agreement with Bora, effective upon closing of the transaction, to contract the manufacture and supply of certain of Impax's marketed and development products currently manufactured by Impax Taiwan. Additionally, Bora will have the rights to market and sell Impax's branded Parkinson's drug Rytary in Taiwan. The transaction is anticipated to close in the Q1 of FY18, subject to customary closing conditions.
DRI

Hot Stocks

08:46 EDT Darden expects run-rate synergies of $22M-$27M from Cheddar's integration - Says confident in ability to deliver long-term framework over time. Says Cheddar's is "doing a great job" managing complex integration. Says integration-related activity is peaking and on track. Expects run-rate synergies of $22M-$27M no later than FY19. Says will update FY18 outlook in January in order to include impacts from tax legislation. Comments made on Q2 earnings conference call.
VRML

Hot Stocks

08:46 EDT Vermillion names Bob Beechey as new CFO - Vermillion announced it has appointed Bob Beechey CPA to the newly created post of CFO. Most recently, he was Vice President and General Manager of Q Squared Solutions Bioanalytical and ADME Laboratory Operations.
AHL

Hot Stocks

08:42 EDT Aspen Insurance buys 23.2% stake in Crop Re Services
AHL

Hot Stocks

08:41 EDT Aspen Insurance sells AG Logic to CGB DS for $68.4M as part of partnership - Aspen Insurance Holdings announced a strategic partnership with CGB Diversified Services. Under the terms of this partnership, Aspen has acquired a 23.2% stake in a newly formed company, Crop Re Services LLC, which is responsible for directing the placement of reinsurance on behalf of CGB DS. The remaining 76.8% of Crop Re is owned by CGB DS. In exchange for its stake in Crop Re, Aspen has sold AG Logic Holdings, LLC, its U.S. crop insurance business, to CGB DS for $68.4M. Aspen will receive rights to provide quota share reinsurance capacity, in proportion to its shareholding of Crop Re, on the combined crop insurance portfolios of AgriLogic and CGB DS. Aspen will also have access to additional crop reinsurance premium by bringing its reinsurance expertise to a substantially larger, faster growing, and more diversified crop insurance business.
MGA

Hot Stocks

08:39 EDT Magna announces realignment of management structure - Magna International announced a realignment of its management structure along product lines. The shift better aligns global operations with our long-term strategy tied to the future of mobility. With these management changes, company is also introducing new financial reporting segments beginning in 2018. The changes to reporting segments will provide investors with increased transparency, and allow for easier comparisons with our industry peers. Beginning with the Q1 of FY18, company will report Sales, Adjusted EBIT and other items based on four global, product-oriented operating segments.
EVHC

Hot Stocks

08:38 EDT Envision Healthcare agrees to final settlement with DOJ for $31M - In a regulatory filing, Envision Healthcare said it agreed to a final settlement with the Department of Justice to resolve the previously disclosed D.O.J. investigation into physician services provided by the company's EmCare subsidiary at hospitals affiliated with Health Management Associates, Inc. The company agreed to pay approximately $31M to resolve all federal government civil claims related to this matter, avoiding further expense and potential distraction from protracted litigation. The company's settlement of the federal government's claims does not constitute an admission or determination of improper conduct in the matter. In connection with the resolution of this matter, the company has agreed to enter into a Corporate Integrity Agreement with the Office of Inspector General of the Department of Health and Human Services, which is customary at the conclusion of many government healthcare investigations. The Agreement provides that the company will maintain, over a five-year term, a corporate compliance program with oversight of its emergency department and hospitalist medicine physician service lines that includes oversight, reporting, policy, screening and monitoring obligations, certain of which have been previously implemented through the company's existing compliance program.
ZBH MDT

Hot Stocks

08:36 EDT Zimmer Biomet names Bryan Hanson as CEO - Zimmer Biomet (ZBH) announced that Bryan Hanson has been appointed President and CEO and a member of the Board of Directors, effective December 19. Daniel Florin, who has served as Interim CEO since July 11, will continue in his role as Senior Vice President and CFO. Hanson joins Zimmer Biomet with more than 20 years of experience in the medical device industry. Most recently, he served as a member of Medtronic's (MDT) Executive Committee and as the Executive Vice President and President of Medtronic's Minimally Invasive Therapies Group.
ARNC

Hot Stocks

08:35 EDT Arconic names Elliott Management's Dave Miller to board - Arconic announced that its Board of Directors has appointed Dave Miller, a Senior Portfolio Manager at Elliott Management, to join the Board as a director, effective immediately. Miller replaces Patrice Merrin, who has voluntarily stepped down from the Board. The Board has also appointed Miller to serve on the Finance Committee.
MARK

Hot Stocks

08:35 EDT Remark Holdings announces new agreement with Bank of China - Remark Holdings announced that the early success of its first agreement to provide quality customers to Bank of China, thereby reducing loan defaults, has led to a second agreement to provide the same service for a new consumer loan product being launched by the bank. The new contract is expected to generate more than $4M of revenue for Remark during 2018, an amount that is incremental to the revenue guidance previously provided by the company.
VLRS

Hot Stocks

08:33 EDT Volaris obtains foreign air carrier permit in the U.S. for Costa Rica operations - Volaris announced that its affiliate, Vuela Aviacion, S.A., was awarded by the Department of Transportation of the United States of America a Foreign Air Carrier Permit to provide: 1) Foreign scheduled transportation of persons, property, and mail from points behind Costa Rica via Costa Rica and intermediate points to a point or points in the United States and beyond; and 2) charter air transportation between any point or points in Costa Rica and any point or points in the United States, and between any point or points in the United States and any point or points in a third country or countries, provided that, such service constitutes part of a continuous operation, with or without a change of aircraft, that includes service to the homeland for the purpose of carrying local traffic between Costa Rica and the United States. Volaris Costa Rica will initiate operations to and from the United States of America on March 15, 2018. Volaris seeks to replicate its ultra-low-cost model in Central America by offering low base fares and point-to-point service in the region.
RGLS

Hot Stocks

08:33 EDT Regulus completes dosing of first cohort in Phase I study of RGLS4326 - Regulus Therapeutics announced that it has initiated the first-in-human Phase I study of RGLS4326 and completed dosing of the first cohort of healthy volunteers. RGLS4326 is in development for the treatment of autosomal dominant polycystic kidney disease, or ADPKD. RGLS4326 is being studied in a Phase I randomized, double-blind, placebo-controlled, single ascending dose study designed to investigate the safety, tolerability, pharmacokinetics and pharmacodynamics of RGLS4326 administered subcutaneously in healthy volunteers.
PGRE MDB

Hot Stocks

08:33 EDT Paramount Group executes two floor lease with MongoDB - Paramount Group (PGRE) announced that it has signed a 106,230 square foot lease with MongoDB, (MDB) at 1633 Broadway, a 48-story Trophy Class A office tower located between 50th and 51st Streets in Midtown Manhattan. MongoDB is a technology provider offering a modern, leading, general purpose database software platform. MongoDB will occupy the 37th and 38th floor with an initial lease term of 12 years. The signing of MongoDB, brings total leased occupancy at 1633 Broadway to over 95%.
EYEG

Hot Stocks

08:32 EDT EyeGate awarded new U.S. patent for delivery of corticosteroids tot he eye - EyeGate Pharmaceuticals announced that it has been granted U.S. Patent No. 9,820,935, by the U.S. Patent and Trademark Office. The patent, titled "Delivery of corticosteroids through iontophoresis," covers the iontophoretic delivery of a dexamethasone phosphate formulation to a subject's eye for the treatment of various conditions, including post-operative inflammation and uveitis. EyeGate's product candidate, EGP-437, is a proprietary formulation of iontophoretically delivered dexamethasone phosphate currently in a Phase 3 study in uveitis and a Phase 2b study for the treatment of pain and inflammation following cataract surgery. The Company has licensed EGP-437 in both indications to a subsidiary of Valeant Pharmaceuticals.
GIB

Hot Stocks

08:32 EDT CGI Group wins spot on GSA Alliant 2 IDIQ contract - CGI announced that it has been awarded a place on the Alliant 2 Indefinite Delivery/Indefinite Quantity Government-Wide Acquisition Contract by the U.S. General Services Administration. Alliant 2 carries a $50B ceiling with a 10-year ordering period (5 base years and one 5-year option). Designed to be flexible to the government's ever-evolving needs, Alliant 2 will provide all federal agencies access to integrated information technology solutions, enabling their continued digital transformation over the next decade. Alliant 2 is a follow-on to the Alliant GWAC (set to expire in April 2019) on which CGI has been a top performer among the contract holders over the past 10 years.
VTR...

Hot Stocks

08:32 EDT Ventas says supports acquisition of Kindred Healthcare - Ventas (VTR) said that it supports the acquisition of Kindred Healthcare (KND) ("Kindred") by a consortium of TPG Capital, Welsh, Carson, Anderson & Stowe and Humana (HUM). Ventas has been a long-standing partner of Kindred and owns 30 long-term acute care and inpatient rehabilitation facilities operated by Kindred. Immediately following the acquisition, businesses now operated by Kindred will be separated and subsequently owned and operated as follows: Kindred's LTACs, IRFs and contract rehabilitation services businesses will be operated as a separate company owned by the Sponsors; and the home health, hospice and community care businesses will be operated as a stand-alone company owned by the Consortium. "We are delighted to support this innovative transaction. It brings together leading healthcare provider Kindred and its excellent management team with premier private equity sponsors TPG and WCAS, who have significant experience in healthcare, and Humana's focus on integrated senior care," said Debra A. Cafaro, Ventas Chairman and CEO. "This transaction demonstrates the immense interest from public and private investors in leading healthcare companies that are well-positioned to deliver outstanding, cost-effective care. The significant equity investment in Kindred underscores the attractive nature of our assets, Kindred's platform and the potential of our LTACs and IRFs. We look forward to continuing our partnership with Kindred and working with the new owners as they drive above-market growth and serve increasing numbers of medically-complex patients."
WOR

Hot Stocks

08:31 EDT Worthington says is performing well with strong volumes from heavy trucks market - The company commented, "The Company is performing well with strong volumes from the heavy truck and agriculture markets, and improvements in Pressure Cylinders, where we are seeing strong consumer product volumes and increasing demand in the oil and gas business. The repositioning of Engineered Cabs to attract new customers is resulting in increasing sales and we anticipate WAVE to continue to deliver excellent results as it focuses on its North America growth strategy with the pending sale of the international business."
SONC

Hot Stocks

08:31 EDT Sonic acknowledges 13D filing by Southeastern Asset Management - Sonic announced that it is aware that Southeastern Asset Management has filed a Schedule 13D with the Securities and Exchange Commission. The company said, "The Board of Directors and management always appreciate hearing the views of its stockholders, look forward to continuing a constructive dialogue with Southeastern and will consider the perspectives reflected in the Schedule 13D. The company has and will continue to serve the interests of all of its stockholders."
VTR...

Hot Stocks

08:30 EDT Ventas says supports acquisition of Kindred Healthcare
BDSI COLL

Hot Stocks

08:24 EDT BioDelivery Sciences announces patent strengthening protection on Belbuca - BioDelivery Sciences yesterday announced that the U.S. Patent and Trademark Office has issued a Notice of Allowance of BDSI's patent application, that once formally granted, will be Orange Book listed and will extend the exclusivity of Belbuca buccal film from July 2027 to December 2032. The patent covers the method of using BioErodible MucoAdhesive for the treatment of chronic pain. "We are pleased the Patent Office has allowed this important patent covering BELBUCA. Beyond the significant growth we have seen with BELBUCA in 2017, this patent provides a substantial length of time for BELBUCA to continue to grow and become well established in the market," said CEO Mark Sirgo.
HUM KND

Hot Stocks

08:22 EDT Humana: Kindred at home deal to materially change FY18 outlook - Humana expects the transaction to be slightly accretive to earnings per diluted common share in 2019 and beyond.
HUM KND

Hot Stocks

08:22 EDT Humana to buy 40% interest in Kindred's homecare business for approx. $800M - Humana (HUM) announced it has signed a definitive agreement to acquire a 40% minority interest in the Kindred at Home Division of Kindred Healthcare (KND) for estimated cash consideration of approximately $800M, including Humana's share of transaction and related expenses to facilitate a complete separation from the Long Term Acute Care and Rehabilitation businesses. The transaction and related expenses include, among other costs, bond breakage fees, the extinguishment of certain legacy liabilities, the acceleration of certain stock awards, and advisory fees and expenses. The implied enterprise value of Kindred at Home is $3.15B before these expenses. Humana will own 40 percent of Kindred at Home, with the remaining 60 percent owned by a new entity owned by TPG and WCAS. Currently, nearly 40,000 caregivers serve approximately 130,000 patients daily in Kindred at Home with annual revenues of approximately $2.5B. Humana will have no economic interest in the Specialty Hospital company. The agreement with the Sponsors includes a put option under which they have the right to require Humana to purchase their interest in the joint venture starting at the end of year three and ending at the end of year four post close. Consideration upon exercise of the put option per the agreement would be valued at an exit multiple of 10.5 times the preceding twelve months earnings before interest, income taxes, depreciation and amortization, or EBITDA, subject to certain adjustments and other provisions customary for transactions of this nature. In addition, the multiple is subject to adjustment up to 11.5 times EBITDA based on the achievement of certain pre-defined value-based outcomes tied to clinical metrics. The 11.5 times EBITDA exit multiple is comparable to the valuation for Humana's 40 percent interest. Finally, Humana has a call option under which it has the right to require the Sponsors to sell their interest in the joint venture to Humana beginning at the end of year four and ending at the end of year five post close for cash consideration using the same valuation methodology applicable to the previously discussed put option consideration. These transactions, which are anticipated to close in the summer of 2018, are subject to customary state and federal regulatory approvals, including approval by the stockholders of Kindred and the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended, as well as other customary closing conditions. Humana expects to fund the transaction through the use of parent company cash and will account for its minority investment under the equity method. The company does not anticipate a material impact to earnings in 2017 from this pending transaction. Given that Humana's previous financial commentary for the year ending December 31, 2018 contemplated capital deployment, it is not expected that this acquisition will materially change the outlook that was provided. Humana expects the transaction to be slightly accretive to earnings per diluted common share in 2019 and beyond.
KND HUM

Hot Stocks

08:20 EDT Kindred: David Causby to serve as CEO of Kindred at Home
KND HUM

Hot Stocks

08:19 EDT Kindred CEO Benjamin Breier to serve as CEO of specialty hospital company
KND HUM

Hot Stocks

08:19 EDT Kindred Healthcare to be acquired by consortium for $9 per share in cash - Kindred Healthcare (KND) announced that its Board of Directors has approved a definitive agreement under which it will be acquired by a consortium of three companies: TPG Capital, Welsh, Carson, Anderson & Stowe and Humana (HUM) for approximately $4.1B in cash including the assumption or repayment of net debt. Under the terms of the agreement, Kindred stockholders will receive $9.00 in cash for each share of Kindred common stock they hold, representing a premium of approximately 27% to Kindred's 90-day volume weighted average price for the period ending December 15, 2017, the last trading day prior to media reports regarding the potential transaction. Immediately following the acquisition of Kindred, the home health, hospice and community care businesses will be separated from Kindred and operated as a standalone company owned 40% by Humana, with the remaining 60% owned by TPG and WCAS. Humana will have a right to buy the remaining ownership interest in Kindred at Home over time through a put/call arrangement. Kindred's LTAC hospitals, IRFs and contract rehabilitation services businesses will be operated as a separate specialty hospital company owned by TPG and WCAS.Upon completing the transaction, Benjamin Breier, president and CEO of Kindred, will serve as CEO of the specialty hospital company, Kindred Healthcare. David Causby, currently EVP and president of Kindred at Home, will serve as CEO of Kindred at Home. Under a shared services agreement, Kindred Healthcare will continue to provide certain support functions to Kindred at Home for a transitional period. The transaction is expected to close during the summer of 2018.
FNHC

Hot Stocks

08:18 EDT Federated National announces withdrawal from auto business - Federated National announced that it has decided to undergo an orderly withdrawal from the private passenger automobile line of business. The company will begin the appropriate steps to withdraw from the Auto business including seeking approval from the state regulatory authorities. Due to the average policy term of the Auto business, we expect all business operations to materially cease no later than the fourth quarter of 2018, subject to regulatory filings and approvals. Additionally, the company anticipates total pre-tax exit costs to be approximately $1.0 million, which are expected to be recognized over the withdrawal period. The Auto line of business represented $12.5 million or 4.8% of our net premiums earned in 2016 and $13.6 million or 5.7% of our net premiums earned for the nine months ended September 30, 2017. These announcements are part of the company's continuing efforts to allocate resources and capital to maximize value for its shareholders.
FNHC

Hot Stocks

08:17 EDT Federated National authorizes additional $10M share repurchase program - Federated National Holding announced that its board has authorized an additional share repurchase program under which the company may repurchase up to $10 million of its outstanding shares of common stock through December 31, 2018. The company may repurchase shares in open market transactions or under Rule 10b5-1 trading plans from time to time in its discretion, based on ongoing assessments of the company's capital needs, the market price of its common stock and general market conditions. Together with the $2 million remaining balance from our previous stock repurchase authorization, the company has available to it an aggregate of $12 million for future repurchases of our common stock that has been authorized. The company expects to fund the share repurchase programs from existing holding company liquidity or the proceeds of its announced private placement of notes.
KND HUM

Hot Stocks

08:16 EDT Kindred Healthcare: Transaction to result in two separate companies
KND HUM

Hot Stocks

08:16 EDT Kindred: Transaction valued at approx. $4.1B, or $9 per share in cash
KND HUM

Hot Stocks

08:16 EDT Kindred to be acquired by Humana, TPG, Welsh, Carson, Anderson & Stowe
INSY

Hot Stocks

08:15 EDT Insys Therapeutics initiates Phase 2 clinical trial of CBD oral solution - Insys Therapeutics announced the initiation of a new clinical trial of CBD oral solution-a Phase 2, open-label, dose-finding study that aims to assess the efficacy, safety, tolerability and pharmacokinetics of the novel product candidate-for refractory childhood absence epilepsy in pediatric patients.
OVID

Hot Stocks

08:13 EDT Ovid Therapeutics OV101 granted fast track designation by FDA - Ovid Therapeutics announced that the FDA has granted Fast Track designation to OV101 for the treatment of Angelman syndrome.
VBIV

Hot Stocks

08:12 EDT VBI Vaccines initiates Phase 3 clinical program for Sci-B-Vac - VBI Vaccines announced the initiation of the global Phase 3 clinical program for Sci-B-Vac, its third-generation hepatitis B vaccine, with the commencement of patient dosing on December 18. The Phase 3 program will be a global 15-month program consisting of two concurrent Phase 3 studies - a safety and immunogenicity study and a lot-to-lot consistency study, enrolling a total of approximately 4,800 subjects. The Phase 3 program will be conducted at approximately 40 sites across the U.S., Europe, and Canada.
NERV

Hot Stocks

08:11 EDT Minerva screen first patient in Phase 3 clinical trial of MIN-101 - Minerva Neurosciences announced the screening of the first patient in the pivotal Phase 3 clinical trial of MIN-101 as monotherapy for negative symptoms in patients diagnosed with schizophrenia. The trial is a multicenter, randomized, double-blind, parallel-group, placebo-controlled, 12-week study to evaluate the efficacy and safety of 32 milligrams (mg) and 64 mg of MIN-101 in adult patients with negative symptoms of schizophrenia. The 12-week study will be followed by a 40-week, open-label extension period during which patients on drug will continue receiving their original dose and patients on placebo will receive either 32 mg or 64 mg of MIN-101.
NVEE

Hot Stocks

08:10 EDT NV5 Global secures $51M in new contracts - NV5 Global announced that it has secured $51M in new contracts from national utility companies. The services will be provided over a two to five year period and include engineering, design, and surveying services for electrical transmission and distribution, substation, gas pipeline and communications projects.
ROKU

Hot Stocks

08:09 EDT Morgan Stanley discloses 5.1% stake in Roku - In a regulatory filing after last night's close, Morgan Stanley disclosed that it holds a 5.1% passive stake in Roku.
TEUM

Hot Stocks

08:07 EDT Pareteum pays remaining $8.1M of senior secured loan - Pareteum announced that it has paid its lender $8.1M, the remaining balance of its senior secured loan from Atalaya Capital Management and Corbin Capital. Pareteum immediately improves cash flows and prospects for growth by removing security interests of the lenders and eliminating the loan, with its interest and amortization, prior to the current maturity date of December 31, 2018 .
LOW AMZN

Hot Stocks

08:05 EDT Lowe's appoints Vikram Singh as Chief Digital Officer - Lowe's Companies announced Vikram Singh has been named the company's senior vice president, Chief Digital Officer, effective Jan. 4, 2018. The newly created role will report to Michael P. McDermott, Chief Customer Officer, and will further accelerate Lowe's digital evolution and drive a holistic integrated strategy to make shopping more flexible, convenient and intuitive across its store, online, mobile, call center and in-home/on-site channels. Singh joins Lowe's most recently from Amazon (AMZN) and brings extensive experience across product strategy, engineering, marketing, business development, analytics, operations and user experience design. For more than 15 years, Singh has successfully managed all facets of developing and executing e-commerce strategies, in many industries, for leading organizations.
MDXG

Hot Stocks

08:04 EDT MiMedx settles lawsuit with former employee - MiMedx announced that the company has agreed to a confidential lawsuit settlement from one former employee. MiMedx has reached a mutually agreeable settlement in its lawsuit with former employee, William T. Mills, who voluntarily resigned from MiMedx in January 2017. In its suit, MiMedx alleged that Mills breached his restrictive covenants and his duty of loyalty to MiMedx by selling another company's medical products while employed by MiMedx, and continued to breach his restrictive covenants after he voluntarily left MiMedx's employ. This lawsuit was a dispute solely over Mr. Mills' MiMedx employment agreement, and no other allegations have been made by either party. In addition to an undisclosed monetary settlement, other settlement terms were reached. In this regard, Mills has agreed not to sell any products of his current employer to any MiMedx customer serviced by Mills for nine months. Mills also acknowledges and confirms that he made no allegations of "channel stuffing" by MiMedx in this lawsuit. Mills stated, "I have no knowledge of the agreements or payment terms between MiMedx and its customers. I also do not know or have any way of knowing of how sales of products were accounted for by the Company in its financial statements. To my knowledge, the vast majority of the MiMedx products which were sold into my accounts were used and were not returned. MiMedx makes an excellent product. I look forward to continuing my employment with my current employer." Parker H. "Pete" Petit, CEO, said, "We are pleased to have settled this lawsuit with Mr. Mills. The prosecution of our other lawsuits is critical to ensuring the appropriate legal remedies and to rectify the misconduct committed by those individuals. Mr. Mills did not bring any claims alleging channel stuffing, as other employees have, and he does not have enough knowledge of accounting matters to make such an allegation. We are glad we were able to resolve this matter amicably with Mr. Mills. We look forward to achieving appropriate outcomes from our legal actions against those other individuals."
PFNX JAZZ

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08:03 EDT Pfenex grants Jazz worlwide rights for hematology product candidates - Pfenex (PFNX) announced the amendment of the 2016 agreement under which Pfenex granted Jazz Pharmaceuticals (JAZZ) worldwide rights to develop and commercialize multiple early stage hematology product candidates. Under the amended agreement, Pfenex will be eligible to receive an additional $43.5M in amendment fee and development milestone payments as compared to the 2016 agreement, increasing the total value of upfront, option and amendment fee payments and potential payments for the achievement of development, regulatory and sales-related milestones associated with the collaboration to an aggregate of $224.5M. Pfenex will also continue to be eligible to receive tiered royalties on worldwide sales of any products resulting from the collaboration, at rates reduced from those under the 2016 agreement. Additionally, Pfenex announced today that, pursuant to the amended agreement, in the Q4 it earned $18.5M in connection with the collaboration by achieving a $13.5M development milestone and receiving a $5M payment following signing of the amended agreement. The remaining development, regulatory and sales-related milestones that could potentially be earned total $189.25M.
ARRY PFE

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08:03 EDT Array BioPharma enters clinical trial collaboration agreement with Pfizer - Array BioPharma (ARRY) announced today that it has entered into a clinical trial collaboration agreement with Pfizer (PFE) to investigate the safety and efficacy of several novel anti-cancer combinations, including Array's MEK inhibitor, binimetinib, with Pfizer's investigational PARP inhibitor talazoparib, and avelumab, a human anti-PD-L1 IgG1 monoclonal antibody. The companies are entering into this collaboration to explore the potential benefits of combining molecularly targeted therapeutics with the body's innate cancer-fighting abilities using immunotherapy. Under the terms of the agreement, Array and Pfizer will collaborate on a Phase 1b clinical trial to explore a series of novel combinations, investigating the safety and efficacy of the combination of binimetinib, avelumab and talazoparib across various tumor types. A multi-arm clinical trial is expected to establish recommended doses of different regimens combining the drugs. Initially the focus will be in non-small cell lung cancer and pancreatic cancer, and additional indications will be explored at a later stage. The study is expected to begin by the third quarter of 2018, and results will be used to determine optimal approaches to further clinical development of these combinations. Under the collaboration agreement, the trial will be sponsored and funded by Pfizer, with Array providing binimetinib supply.
CLVS

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08:03 EDT Clovis: Rucaparib treatment indication remains under active review
CLVS

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08:02 EDT Clovis: SAG to assist CHMP to reach positive or negaitve opinion
PMTS

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08:02 EDT CPI Card Group announces 1-for-5 reverse stock split - CPI Card Group announced that it will effect a 1-for-5 reverse stock split. The reverse stock split will be effective at 12:01 a.m. EDT, on December 20. The company's common stock will begin trading on a split-adjusted basis on the Nasdaq Global Select Market and on the Toronto Stock Exchange under the Company's existing symbol "PMTS" on December 20. The reverse stock split is primarily intended to bring the Company into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq Global Select Market. The new CUSIP number for the common stock following the reverse split will be 12634H 200. When the reverse stock split becomes effective, every five shares of common stock will automatically convert into one share of common stock, with no change in par value per share. No fractional shares will be issued. In lieu of any fractional shares, any holder of less than one share of common stock will be entitled to receive cash for such holder's fractional share. The reverse stock split will reduce the number of shares of the company's common stock currently outstanding from approximately 55.7M shares to 11.1M shares. The number of authorized shares of common stock will remain unchanged. Proportional adjustments will be made to the company's outstanding stock options and equity compensation plans.
CLVS

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08:02 EDT Clovis: Rucaparib MAA for OC indication referred by CHMP to SAG - Clovis Oncology said that the European Union's European Medicines Agency Committee for Medicinal Products for Human Use has requested that the Scientific Advisory Group on Oncology provide an opinion on aspects of the ongoing Marketing Authorization Application relating to a potential conditional approval for rucaparib. The exact date for the SAG meeting has not yet been set but Clovis expects it to take place in early February 2018. The SAG on Oncology is convened at the request of the EMA to provide independent recommendations on scientific or technical matters related to pediatric and adult clinical oncology and hematology, or on any other scientific issue relevant to the work of the Agency that relates to this area. "We continue to have as our priority the submission and potential approval for the maintenance treatment indication in advanced ovarian cancer in the EU," said Patrick J. Mahaffy, President and CEO of Clovis Oncology. "We anticipate that initiating the process to submit a new MAA for maintenance next month is the quickest path to provide the potential benefit of rucaparib to more women in the EU with advanced disease. Of course, if we receive an approval for the treatment indication in the second quarter, and we file a variation to the treatment MAA, we anticipate the potential maintenance approval would be swifter." The CHMP application for the treatment indication currently under review was submitted during the fourth quarter of 2016 and was based on objective response rate and duration of response results from two multicenter, single-arm, open-label clinical trials, Study 10 and ARIEL2, in women with advanced BRCA-mutant ovarian cancer who had progressed after two or more prior chemotherapies. All 106 patients received rucaparib orally 600 mg twice daily as monotherapy until disease progression or unacceptable toxicity. Objective response rate and duration of response were assessed by the investigator according to Response Evaluation Criteria in Solid Tumors version 1.1. The most common Grade 3/4 adverse event was anemia. Both the variation to the MAA or a new MAA submission will be based on data from the phase 3 ARIEL3 clinical trial, which found that rucaparib significantly improved progression-free survival in all ovarian cancer patient populations studied. ARIEL3 is a double-blind, placebo-controlled trial of rucaparib that enrolled 564 women with platinum-sensitive, high-grade ovarian, fallopian tube, or primary peritoneal cancer. The primary efficacy analysis evaluated three prospectively defined molecular sub-groups in a step-down manner: 1) BRCA mutant; 2) HRD-positive; and finally, 3) the intent-to-treat population, or all patients treated in ARIEL3. Both the variation to the MAA or the new MAA filing will be directed at the broader intent-to-treat or "all comers" population.
ONTX

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07:46 EDT Onconova announces license, collaboration agreement with HanX Biopharmaceuticals - Onconova Therapeutic announced the signing of a license and collaboration agreement with HanX Biopharmaceuticals, Inc., a company focused on development of novel oncology products, for the further development, registration and commercialization of ON 123300 in China. ON 123300 is a first-in-class dual inhibitor of CDK4/6 + ARK5, which is currently in advanced pre-clinical development. This compound has the potential to overcome the limitations of current generation CDK 4/6 inhibitors. Under the terms of the agreement, Onconova will receive an upfront payment, regulatory and commercial milestone payments, as well as royalties on Chinese sales. The key feature of the collaboration is that HanX will provide all funding required for Chinese IND enabling studies performed for Chinese Food and Drug Administration IND approval. The Companies also intend for these studies to comply with US Food and Drug Administration (FDA) standards. Accordingly, such studies may be used by Onconova for an IND filing with the FDA. Both Companies will oversee the IND enabling studies. Onconova will maintain global rights outside of China.
CGIX TMO

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07:45 EDT Cancer Genetics receives NYS approval for Oncomine Dx Target Test - Cancer Genetics (CGIX) announced it has received approval for Thermo Fisher Scientific's (TMO) Oncomine Dx Target Test from the New York State Department of Health. The first FDA-approved test of its kind, the Oncomine Dx Target Test is playing an increasingly important role in lung cancer diagnostics, a market that is projected to reach $3.65B by 2024. The Oncomine Dx Target Test is a next-generation sequencing-based companion diagnostic that simultaneously screens tumor samples for multiple biomarkers associated with three FDA-approved therapies for non-small cell lung cancer, including the combined therapy of dabrafenib and trametinib, crizotinib, or gefitinib.
XEL

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07:42 EDT Xcel Energy to transfer stock exchange listing to Nasdaq - Xcel Energy announced that it will voluntarily transfer its stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market, effective December 29, 2017 after the market close. Xcel Energy shares are expected to begin trading as a Nasdaq-listed security on January 2, 2018. The company will retain its current ticker symbol "XEL".
MNGA

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07:42 EDT MagneGas receives reliminary order for sterilization unit - MagneGas announced a preliminary order for a MagneGas sterilization unit, subject to certain additional terms and conditions, to be delivered into the southern Italian market in the first half of 2018. The unit would be used primarily for the sterilization of agricultural waste. The project is expected to be funded in part by an Italian grant designed to support waste reduction and carbon emission reductions.
THC GS

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07:33 EDT Tenet explores potential sale of Conifer - Tenet (THC) is initiating a process to explore a potential sale of Conifer. To assist in this process, Tenet has engaged Goldman Sachs (GS) as its financial advisor and Kirkland & Ellis LLP as its legal advisor. Conifer is a leading provider of healthcare business process services in the areas of hospital and physician revenue cycle management and value-based care solutions. There can be no assurance that this process will result in a transaction and Tenet may ultimately decide to retain all or part of Conifer's business. Tenet expects that a decision regarding a potential sale of Conifer should be made during the first half of 2018.
MEET

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07:32 EDT Meet Group says has commenced deployment of cashout process on Skout Live
EGL

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07:31 EDT Engility secures position on Alliant 2 contract - Engility Holdings secured a position on the Alliant 2 government-wide acquisition contract with the General Services Administration to provide custom information technology services. The GWAC boasts a $50B ceiling. Under the Alliant 2 GWAC, Engility will support Federal IT systems and modernization efforts by providing key offerings such as systems engineering and integration, cyber, high performance computing and enterprise solutions. The company's capabilities in high-demand areas including cybersecurity, cloud computing, artificial intelligence, big data, biometrics, Internet of Things, and virtual networking were all referenced in securing the win.
THC

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07:31 EDT Tenet increases cost reduction initiatives by $100M - The company has increased the size of its previously announced cost reduction initiatives by $100M, and now expects to achieve $250M of annualized run-rate savings by the end of 2018. The company expects to realize approximately $125M of the savings during calendar year 2018, up from the company's previous goal of $75M.
DRI

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07:22 EDT Darden reports Q2 same-restaurant sales for Cheddar's Scratch Kitchen down 2% - Reports Q2 same-restaurant sales: Up 3% for Olive Garden; Up 3.8% for Longhorn Steakhouse; Up 3.8% for The Capital Grille; Up 6.8% for Eddie V's'; Up 2% for Yard House; Down 0.5% for Seasons 52; Up 2.5% for Bahama Breeze.
AST

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07:15 EDT Asterias completes enrollment of SCiStar Phase 1/2a clinical study - Asterias Biotherapeutics announced enrollment and dosing of the last subject in the company's SCiStar Phase 1/2a clinical study of AST-OPC1 in motor complete cervical spinal cord injury. The company has enrolled a total of 25 subjects in the SCiStar study, plus five subjects from a previous Phase 1 safety trial.
XOG

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07:13 EDT Extraction Oil & Gas sees FY18 average net sales volumes 87.0-93.0 MBoe/d - For the full-year 2018, Extraction's drilling and completion capital expenditures are expected to range from $770M to $840M to drill between 170 and 175 gross wells with an average lateral length of 1.8 miles and an average working interest of 77%, complete between 185 and 190 gross wells with an average lateral length of 1.6 miles and an average working interest of 82%, and turn to sales between 170 and 175 gross wells with an average lateral length of 1.7 miles and an average working interest of 76%. Additionally, the company expects its land and other non-drilling and completion capital expenditures to range between $120 and $150 million and, if successful, expects to fund these amounts, in whole or in part, with the proceeds from its ongoing non-strategic asset sale process. Extraction is also currently negotiating third party financing for infrastructure related to its Broomfield and Hawkeye areas and has not included capital expenditures associated with these projects in the above guidance. This may include joint ventures or preferred equity financings at a subsidiary level that will be non-recourse to Extraction. Extraction estimates its full-year 2018 average net sales volumes to be 87.0-93.0 MBoe/d with 42.5-45.5 MBbl/d of crude oil. At the midpoint, this represents 76% total equivalent volume and 83% crude oil growth over the midpoint of the Company's 2017 guidance issued in December 2016.
DRI

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07:11 EDT Darden sees FY18 effective tax rate approximately 25% vs. prior view of 26%
LOAN

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07:11 EDT Manhattan Bridge Capital raises quarterly dividend to 11c per share - Manhattan Bridge Capital announced that, in accordance with the board approved dividend declared on October 23, a cash dividend of 11c per share will be paid to all shareholders of record on December 29, 2017. The dividend will be paid on January 15, 2018.
ATTU

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07:10 EDT Attunity selected to by leading global manufacturing company - Attunity announced that a leading global manufacturing company, has selected Attunity Replicate to enable its corporate data lake initiative by facilitating data ingestion for analytics from a wide range of data sources across many global facilities. The customer licensed Attunity for the first phase of its initiative for over $400,000, with the option to incrementally expand the license globally in 2018, bringing the potential value to over $2M.
RGNX

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07:10 EDT Regenxbio says IND active for Phase I/II clinical trial of RGX-121 - Regenxbio announced the Investigational New Drug application, or IND, is active for the planned multi-center, open-label, multiple-cohort, dose-escalation Phase I/II clinical trial of RGX-121 for the treatment of pediatric subjects with Mucopolysaccharidosis Type II.
YUMC

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07:09 EDT Yum China opens the Yum China Building in Shanghai - Yum China Holdings announced the grand opening of the Yum China Building in Shanghai, China. The Yum China Building is a leased property located in the heart of Xu Jia Hui, a central business precinct in Shanghai, and will accommodate Yum China's Restaurant Support Center. Over 1,000 employees and the Company's executives will be based in the new building, dedicated to supporting the growth of KFC, Pizza Hut, Taco Bell, East Dawning and Little Sheep in China.
SMTS

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07:08 EDT Sierra Metals announces drilling results from the Central Mine at Yauricocha - Sierra Metals announced drilling results demonstrating new limestone replacement mineralization at the Cuye Zone extension located within the Central Mine at Yauricocha. To date, 11 holes have been executed from the 1070 level of the Yauricocha Mine in the Cuye area. These holes have intercepted polymetallic sulphide mineralization containing high-grade silver, zinc, copper and lead zones over significant widths. These results demonstrate the potential for high grade mineralization within the reported area, and more importantly indicate the continued existence of extensive mineralization at depth. These results come as part of an ongoing brownfield drilling program testing priority targets at the Yauricocha Mine, which is located 150 kilometers east-southeast of Lima in the Yauricocha Mining District, Peru.
ACRS

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07:08 EDT Aclaris Therapeutics initiates Phase 2 open-label clinical trial of ATI-50002 - Aclaris Therapeutics announced that it has initiated a Phase 2 open-label clinical trial of ATI-50002, a topical Janus Kinase 1/3 inhibitor and an investigational drug, for the potential treatment of non-segmental vitiligo of the face. This trial will evaluate the safety, tolerability and preliminary efficacy of ATI-50002 Topical applied twice daily in 24 adult subjects with non-segmental vitiligo of the face. This 24-week trial will be conducted at 3 investigational centers within the United States.
DRI

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07:08 EDT Darden CEO: 'Strong same-restaurant sales drove continued market share gains' - "Our strong same-restaurant sales and new restaurant growth drove continued market share gains during the quarter," said CEO Gene Lee. "That performance, in addition to our solid earnings growth, is a result of executing on our strategy. Our teams are building guest loyalty at all of our brands through their constant focus on our back-to-basics operating philosophy, which is grounded in food, service and atmosphere."
JACK

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07:06 EDT Jack in the Box announces agreement to sell Qdoba to Apollo affiliates for $305M - Jack in the Box (JACK) announced that it has entered into a definitive agreement to sell Qdoba Restaurant Corporation, a wholly owned subsidiary of the company which operates and franchises more than 700 QDOBA MEXICAN EATS restaurants, to certain funds managed by affiliates of Apollo Global Management (APO). Under the terms of the agreement, the Apollo funds will purchase Qdoba for approximately $305M in cash, subject to customary closing conditions and adjustments. The transaction is expected to close by April 2018. The Company expects to use the net cash proceeds after tax and transaction costs to retire outstanding debt under its term loan, as required by the terms of its credit facility. Lenny Comma, chairman and CEO of Jack in the Box Inc., said, "For the past several months, we have worked closely with our financial advisors and evaluated various strategic alternatives with respect to Qdoba, including a sale or spin-off, as well as opportunities to refranchise company restaurants. Following the completion of this robust process, our Board of Directors has determined that the sale of Qdoba is the best alternative for enhancing shareholder value and is consistent with the Company's desire to transition to a less capital-intensive business model. The Company intends to provide guidance for fiscal 2018 in connection with its presentation at the ICR Conference on January 9, 2018.
ACRS

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07:06 EDT Aclaris Therapeutics - Aclaris Therapeutics announced that it has initiated a Phase 2 open-label clinical trial of ATI-50002, a topical Janus Kinase 1/3 inhibitor and an investigational drug, for the potential treatment of non-segmental vitiligo of the face. This trial will evaluate the safety, tolerability and preliminary efficacy of ATI-50002 Topical applied twice daily in 24 adult subjects with non-segmental vitiligo of the face. This 24-week trial will be conducted at 3 investigational centers within the United States.
DRI

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07:06 EDT Darden reports Q2 same-restaurant sales for Cheddar's Scratch Kitchen were -2.0% - Reports Q2 same-restaurant sales: Up 3% for Olive Garden; Up 3.8% for Longhorn Steakhouse; Up 3.8% for The Capital Grille; Up 6.8% for Eddie V's'; Up 2% for Yard House; Down 0.5% for Seasons 52; Up 2.5% for Bahama Breeze.
JACK APO

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07:05 EDT Jack in the Box announces agreement to sell Qdoba to Apollo affiliates for $305M
NXEO XOM

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07:05 EDT Nexeo Solutions, Exxon Mobil announce expanded Santoprene TPV agreement - Nexeo Solutions (NXEO) announced that effective January 1, 2018, it will expand its business relationship with ExxonMobil (XOM) to distribute Santoprene TPVs into the North American Wire and Cable market. Santoprene TPV materials are high-performance elastomers, which combine the characteristics of vulcanized rubber with the processing ease of thermoplastics. This offers manufacturing flexibility, ease of processing and durability in a wide range of end-use applications. Santoprene TPVs offer durable sealing solutions that are attractive for a variety of market segments, including automotive and household and consumer products.
DRI

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07:04 EDT Darden sees FY18 new restaurant openings about 40, up from prior view of 35-40
DRI

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07:03 EDT Darden raises FY18 same-restaurant sales growth to approximately 2% from 1%-2%
CBI

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07:03 EDT CB&I announces settlement agreement with Cameron LNG - CB&I announced it has reached a settlement agreement with Cameron LNG relating to the three-train LNG liquefaction project in Hackberry, Louisiana. CB&I is constructing the project through CCJV, a joint venture with Chiyoda International Corporation. "This settlement with Cameron LNG marks an important milestone in resolving all past commercial issues and aligning all parties toward the successful completion of the project," said Patrick Mullen, CB&I's President and CEO. "We appreciate the collaboration of Cameron LNG and look forward to their continued support as we move forward with the safe and on-time completion of this significant energy infrastructure project." The settlement resolves all known and unknown claims to date, including impacts from Hurricane Harvey, and includes the following key components: Resolves all past commercial issues and increases the certainty of the project schedule, which has all three liquefaction trains producing LNG in 2019; Provides incentive bonus payments related to expedited project completion; Waiver of any schedule-related liquidated damages related to the original contract and reestablishment of liquidated damage start dates according to the settlement.
GPRK

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07:03 EDT GeoPark announces acquisition of Neuquen Basin blocks for $52M - GeoPark Limited announced the acquisition of three blocks in the Neuquen Basin in Argentina with oil and gas production, reserves and resources. On December 18, GeoPark executed an asset purchase agreement with Pluspetrol, a private oil and gas company with strong presence across Latin America, to acquire a 100% working interest and operatorship of the Aguada Baguales, El Porvenir and Puesto Touquet blocks for a total consideration of $52M. Closing of the transaction is subject to customary regulatory approvals, and is expected in 1Q18. GeoPark is acquiring the blocks to strengthen its growing position in Argentina and has identified attractive development and exploration projects on the blocks with the potential to significantly increase production and reserves - mainly funded with its own cash flow. The acquisition will also provide tax savings and operational synergies with GeoPark's existing platform in Argentina.
GKOS

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07:02 EDT Glaukos to begin randomized U.S. IDE clinical trial for iStent SA system - Glaukos Corporation announced that the U.S. FDA is allowing the company to move forward with a U.S. Investigational Device Exemption pivotal study of its iStent SA Trabecular Micro-Bypass System. The multi-center, pivotal phase randomized trial will enroll approximately 400 subjects and evaluate iStent SA compared to selective laser trabeculoplasty, a procedure where short laser pulses are used to target specific trabecular meshwork cells in order to increase aqueous humor outflow. Approximately 80 additional subjects from the initial trial phase will also be included in the pivotal trial. The primary efficacy endpoint is non-inferiority to SLT at one year postoperative.
PRTY

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07:01 EDT Party City acquires Party Galaxy parent MG Novelty for $5.5M - Party City announced that it has entered into an agreement to acquire the MG Novelty Corporation for approximately $5.5M, which includes seven retail stores under the name "Party Galaxy" in the Oklahoma City metro area. MG Novelty Corporation reported total annual sales of approximately $9M in 2016. James M. Harrison, Party City's CEO, said "This immediately accretive acquisition provides us the opportunity to enter the new market of Oklahoma City as we continue to grow our retail square footage and expand our customer base."
DRI

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07:01 EDT Darden reports Q2 Olive Garden same-restaurant sales up 3.0%
DRI

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07:00 EDT Darden reports Q2 blended same-restaurant sales from legacy brands up 3.1%
ACN

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07:00 EDT Accenture froms strategic alliance with Maana - Accenture has formed a strategic alliance with and made a minority investment in Maana, the pioneer in digital knowledge technology enabling industrial companies to accelerate digital transformation. The alliance will initially target oil and gas clients, with plans to expand to other industries. Terms of the investment were not disclosed.
SRE

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06:56 EDT Sempra Energy announces Cameron LNG reached settlement agreement with CCJV - Sempra LNG & Midstream announced that Cameron LNG has reached a settlement agreement with its contractor, CCJV, related to the construction of the Cameron LNG liquefaction project in Hackberry, La. CCJV is a joint venture between an affiliate of Chicago Bridge & Iron Company, or CB&I, and Chiyoda International. The settlement resolves all of CCJV's known and unknown claims to date, including Hurricane Harvey, and better aligns the interests of all parties in achieving the joint goal of having all three trains at Cameron producing liquefied natural gas, or LNG, in 2019. The settlement falls within the existing construction budget and financing commitments for Cameron LNG while including incentives for additional milestones.
PAH

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06:52 EDT Platform Specialty Products: Chairman, Berggruen purchase 500,000 shares - Platform Specialty Products announces the recent purchase of shares of Platform's common stock by its Chairman, Martin Franklin, and Berggruen Holdings. Franklin and Berggruen Holdings each purchased 500,000 shares. Nicolas Berggruen, a director of Platform, is one of the directors of Berggruen Holdings.
CLNT

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06:49 EDT Cleantech Solutions subsidiary to acquire ownership of AnyWorspace - Cleantech Solutions International announced that its wholly-owned subsidiary, Sharing Economy Investment, has entered into a sale and purchase agreement with the shareholders of AnyWorkspace to acquire 80% ownership of AnyWorkspace for a consideration amount of $560,000, which shall be satisfied by the allotment and issuance of 106,464 unregistered shares of the Company at a price of $5.26 per share.
CODX

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06:34 EDT Co-Diagnostics enters into lease for new laboratory facility - Co-Diagnostics announced leasing a new and upgraded, CGMP-ready and Biological Safety Level 2 laboratory facility in Salt Lake City, Utah. The company remarked, "The upgraded facility is nearly perfectly appointed with the necessary amenities to immediately commence production operations. This site will help us to reduce our dependence on outside locations to complete robust validations of the Company's products, and represents the next step in our growth as a world-class developer of molecular diagnostics. Our trained personnel will now have the capacity to manufacture high-quality products that meet the standards of the FDA, preparing the Company to seek future FDA approvals for sale domestically and export abroad." The new facility will also house the corporate headquarters for the Company.
EGAN CRM

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06:32 EDT eGain announces integration with Salesforce - eGain (EGAN) announced its integration with Salesforce.com (CRM). "Businesses are increasingly layering customer engagement systems on top of systems of record such as CRM for differentiation and innovation," said Ashu Roy, eGain CEO. "eGain Solve for Salesforce.com complements Salesforce CRM with award-winning knowledge management, AI, and digital capabilities for customer service."
HF

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06:32 EDT HFF to sell 260 East 161st Street office building - Holliday Fenoglio Fowler announces the sale of 260 East 161st Street, a Class A office and retail building totaling 276,622 square feet in the Bronx borough of New York City. The HFF team represented the seller, Acadia Realty Trust, and procured the buyer, Jamestown. Additionally, HFF is currently working on behalf of the buyer to arrange financing for the asset.
SPX

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06:26 EDT Trump: Dow rises 5000 points on the year for the first time ever - President Donald Trump tweeted: "DOW RISES 5000 POINTS ON THE YEAR FOR THE FIRST TIME EVER - MAKE AMERICA GREAT AGAIN! Stocks and the economy have a long way to go after the Tax Cut Bill is totally understood and appreciated in scope and size. Immediate expensing will have a big impact. Biggest Tax Cuts and Reform EVER passed. Enjoy, and create many beautiful JOBS!" Reference Link
KL

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06:06 EDT Kirkland Lake Gold announces positive drilling results at Cosmo and NT - Kirkland Lake Gold announced positive drilling results at the Cosmo Mine, or Cosmo, in the Northern Territory, or NT, Australia. A total of 65 holes for 23,553 m from underground diamond drilling and nine holes for 4,184 m from surface drilling were completed to test the expansion potential of the Lantern Deposit. The results substantially increase the deposit footprint, particularly to the north, and demonstrate the potential for significant growth in Mineral Resources. The high-grade gold mineralization intersected from recent drilling exhibits a change from fine-grained free gold in Cosmo Deposit to coarser-grained free gold in narrow quartz veins within Lantern.
BHP

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06:06 EDT BHP Billiton says reaches preliminary deal to exit World Coal Association - BHP has published a report relating to its membership of industry associations which hold an active position on climate and energy policy. Based on the review and consistent with the principles set out in the report, BHP will: Remain a member of the Minerals Council of Australia, given the high level of benefit BHP derives from membership. However, BHP will formally communicate the identified material differences to the board of the MCA, request that the MCA refrain from policy activity or advocacy in these areas, maintain a register of material differences, and will review its membership of the MCA if it has not refrained from such policy activity or advocacy within a reasonable period. Formally communicate the identified material differences to the board of the United States Chamber of Commerce, seek additional information about the nature of the differences that have been identified, and consider its future membership of the Chamber prior to making a final determination on or before 31 March 2018; and Advise the World Coal Association that BHP has reached a preliminary view to exit the WCA, in light of the identified difference and the narrower activities of benefit to BHP from membership. BHP will invite responses from the WCA before making a final determination as to future membership by 31 March 2018.
DFBG

Hot Stocks

06:05 EDT Differential Brands partners with Throat Threads Apparel - Differential Brands Group announced that it has entered into a partnership with Throat Threads Apparel to relaunch the premium denim line, Hudson Jeans, into Canada. Under new design direction from seasoned denim innovator, Zihaad Wells, Hudson Jeans is injecting a rebellious energy into the denim world. The new direction of Hudson Jeans will resonate with the 'denim-devotee' with an emphasis on lifestyle and the expansion of sportswear.
AMRN

Hot Stocks

06:05 EDT Amarin begins scheduling patients for REDUCE-IT cardiovascular study - Amarin announced REDUCE-IT cardiovascular outcomes study clinical sites have been instructed to begin scheduling patients for final study visits commencing March 1, 2018. Amarin confirmed it is on track to report top-line results from the first of its kind, potentially landmark, REDUCE-IT cardiovascular outcomes study before the end of Q3 2018. Amarin maintains its guidance that the onset of the targeted 1,612th primary major adverse cardiovascular event in this study is projected to occur before the end of Q1 of 2018.
CUDA

Hot Stocks

06:04 EDT Awingu, Barracuda Networks announce technology relationship - Awingu announced a technology relationship with Barracuda Networks. The new synergy brings together Barracuda's high performance security and zero-touch configuration with Awingu's turnkey, browser-based workspace solution, facilitating the deployment of Awingu in hybrid cloud environments
BHP

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06:04 EDT BHP to transition to separate marketing for Gippsland Basin JV - BHP will transition to separate marketing for its share of the Gippsland Basin Joint Venture, following a voluntary agreement with the Australian Competition and Consumer Commission. BHP has cooperated with the ACCC and strongly believes it has complied with the Competition and Consumer Act at all times. The move will allow BHP to leverage its experience in marketing oil and gas products globally. This voluntary decision also ends uncertainty for BHP, GBJV and the market. The market is looking for certainty following a period of rapid change. GBJV has met the needs of the Eastern Australia domestic gas market for around 50 years, however the market has evolved significantly since the inception of GBJV. The decision to move to separate marketing recognizes that evolution and the mature stage of asset life. BHP will continue to meet its GBJV commitments and its role in supplying the Eastern Australia domestic gas market into the future. Earlier this year, the GBJV completed a $5.5B project -- the largest single investment ever into Australia's domestic gas supply.
TPC

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06:03 EDT Tutor Perini subsidiary to proceed with Rio Tinto $274M contract - Tutor Perini announced that a joint venture between its subsidiary, Frontier-Kemper Constructors, and Aecon Group, of which Frontier-Kemper has a 60% share, has received Notice to Proceed from Rio Tinto for a contract valued at approximately C$337M, or $274M, to complete the construction of the remaining 7.6-km section of a 16-km second tunnel at the Kemano Generating Station in British Columbia. The contract value was included in the Company's Q3 backlog. The project's scope of work includes the excavation and boring of new tunnel segments, tunnel lining, rehabilitation of existing underground and surface excavations, and installation of intake gates and other related structures. Design work is progressing with site activities to commence in late Q1 of FY18. The project is expected to reach completion in the Q3 of FY20.
AMPH VRX

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06:02 EDT Amphastar: FDA approves ANDA for Sodium Nitroprusside Injection 25mg/mL, 2mL - Amphastar (AMPH) announced that the U.S. FDA granted approval of its abbreviated new drug application for Sodium Nitroprusside Injection 25mg/mL, 2mL single dose vial, indicated for the immediate reduction of blood pressure of adult and pediatric patients in hypertensive crisis. The product is also indicated for producing controlled hypotension in order to reduce bleeding during surgery and for the treatment of acute congestive heart failure. Amphastar's newly approved product was determined by the FDA to be therapeutically equivalent to Nitropress sold in the United States by Valeant Pharmaceuticals (VRX). According to IQVIA, U.S. brand and generic sales of Sodium Nitroprusside Injection, 25 mg/mL, 2mL vials were approximately $73.8M for the 12 months ended September 30, 2017. Amphastar anticipates launching its product in the first quarter of 2018.
FB

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06:02 EDT Facebook reports government requests for account data up 21% in 1H17 vs. 2H16 - Facebook Deputy General Counsel Chris Sonderby says, "Today we are releasing our Transparency Report, previously called the Government Requests Report, for the first half of 2017. For the first time, we are expanding the report beyond government requests to provide data regarding reports from rights holders related to intellectual property -- covering copyright, trademark, and counterfeit. Requests for account data increased by 21% globally compared to the second half of 2016, from 64,279 to 78,890. Fifty-seven percent of the data requests we received from law enforcement in the U.S. contained a non-disclosure order that prohibited us from notifying the user, up from 50% in our last report. Additionally, as a result of transparency reforms introduced in 2016 by the USA Freedom Act, the U.S. government notified us that it was lifting the non-disclosure order on five National Security Letters we previously received between 2012 and 2015. Overall, the number of content restrictions for violating local law increased by 304% globally, compared to the second half of 2016, from 6,944 to 28,036. This increase was primarily driven by a request from Mexican law enforcement to remove instances of a video depicting a school shooting in Monterrey in January. We restricted access in Mexico to 20,506 instances of the video in the first half of 2017. Meanwhile, there were 52 disruptions of Facebook services in nine countries in the first half of 2017, compared to 43 disruptions in 20 countries in the second half of 2016. We continue to be deeply concerned by internet disruptions, which can create barriers for businesses and prevent people from sharing and communicating with their family and friends." Reference Link
SOL

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06:01 EDT ReneSola announces change of auditor to PricewaterhouseCoopers Zhong Tian - ReneSola announced that it has appointed PricewaterhouseCoopers Zhong Tian as the company's independent registered public accounting firm with immediate effect. PwC replaces Deloitte Touche Tohmatsu Certified Public Accountants LLP, the former independent auditor. The appointment of PwC was made after careful consideration and evaluation process by the company and approved by the Board of Directors and the Audit Committee of the company. The company is working closely with Deloitte and PwC to ensure a seamless transition.
ESLT

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05:50 EDT Elbit Systems awarded follow-on $46M contract to provide DIRCM system to NATO - Elbit Systems announced that it was awarded a follow-on $46M contract to supply additional J-Music Direct Infrared Countermeasures, or DIRCM, self-protection systems to NATO, for its Airbus A330 Multinational Multi-Role Tanker Transport Fleet Program. The contract will be performed over a four-year period. Similar to several previous awards from global air forces and other customers, Elbit Systems will equip NATO's Airbus A330 tankers with the J-Music DIRCM systems along with the company's Infra-Red-based Passive Airborne Warning Systems.
AER

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05:48 EDT AerCap sells $800M aircraft portfolio - AerCap Holdings announced that it has signed an agreement to sell a 21-aircraft portfolio to Peregrine Aviation Company Limited, an investment entity established by NCB Capital. NCB Capital has $37B of assets under management and is the brokerage arm of the National Commercial Bank, the largest bank in Saudi Arabia. The 21-aircraft portfolio consists of a mix of wide-body and narrow-body aircraft. As part of the sale, AerCap will provide lease management services to Peregrine and will retain an equity interest in the entity. "This transaction with NCB Capital is a clear demonstration of the attractiveness of our aviation assets globally," said Aengus Kelly, CEO of AerCap. "With this sale, AerCap will have sold or contracted to sell approximately $2.4B of mid-life assets in 2017. The transaction is further evidence of the reach of the AerCap platform and our disciplined approach to portfolio management. We thank NCB Capital for their confidence in AerCap and we look forward to working with the Peregrine team in the future."
SAND

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05:45 EDT Sandstorm Gold acquires 2% NSR royalty on Endeavour Hounde mine - Sandstorm Gold announced that the company has agreed to purchase an existing 2% net smelter returns royalty on the producing Hounde gold mine in Burkina Faso, operated by Endeavour Mining. The NSR Royalty will be acquired from Acacia Mining plc for US$45 million in cash and covers the Kari North and Kari South tenements, representing approximately 500 square kilometres of the Hounde property package. Nearly the entire Hounde Mineral Reserve of 2.1 million ounces is located on the Kari North and Kari South tenements, including the Vindaloo deposit and most of the Bouere deposit. The NSR Royalty acquisition is expected to close in January 2018.
AMZN

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05:41 EDT Amazon Web Services launches new region in France - Amazon Web Services, an Amazon.com company, announced the launch of the AWS EU Paris Region. With this launch, AWS now provides 49 Availability Zones across 18 technology infrastructure regions globally with another 12 Availability Zones and four regions in Bahrain, Hong Kong SAR, Sweden, and a second AWS GovCloud Region in the U.S. expected to come online by early 2019. The AWS EU Paris Region is AWS's fourth in Europe, joining existing regions in Germany, Ireland, and the UK.
BLX

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05:23 EDT Bladex announces departure of CEO Amaral Jr., COO Gabriel Tolchinsky to succeed - The board of Bladex announced that Rubens Amaral Jr. submitted his resignation and will step down as CEO effective April 30, 2018. He will be succeeded by N. Gabriel Tolchinsky, currently the Bank's COO and Alternate to the CEO.
BLX

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05:22 EDT Bladex announces departure of CFO Schech, Ana Graciela de Mendez to succeed - Bladex announced the departure of Christopher Schech, CFO. Christopher Schech leaves Bladex after 8 years of service to pursue other opportunities. He will be replaced by Ana Graciela de Mendez, currently Senior Vice President of Finance of Bladex, as part of the succession plan of the Organization. Ana Graciela de Mendez, as the new CFO, will assume responsibility for the Bank's financial management, as well as the interaction with rating agencies, shareholders, and investors.
CMCT

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05:20 EDT CIM Commercial Trust announces private share repurchase, special dividend - CIM Commercial Trust announced that it has repurchased, in a privately negotiated transaction, 14.09M shares of its common stock from a fund managed by an affiliate of CIM Group, the manager of CMCT. The aggregate purchase price was $310M or $22.00 per share. In order for all common shareholders to participate in the economic benefit of the share repurchase in an equitable manner, CMCT's Board of Directors has declared a special cash dividend of 73c per common share. The amount of the special cash dividend per common share was calculated based on the spread between $22.00, the repurchase price, and the volume-weighted average price per common share for the 20 trailing trading days through December 15, 2017 of $19.12 per common share. The dividend will be paid on January 11, 2018 to common shareholders of record as of December 29, 2017. The Fund has informed CMCT that it waived its right to receive this special cash dividend on the common shares that it owns.