Stockwinners Market Radar for April 02, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

21:00 EDT Kayne Anderson Midstream/Energy Fund reports net assets $274M on Mar. 31 - Net asset value per share was $12.44.

19:59 EDT Tortoise Power & Energy reports unaudited total assets $190.4M as of Mar. 31 - Tortoise Power and Energy Infrastructure Fund announced that as of March 31, 2018, the company's unaudited total assets were approximately $190.4M and its unaudited net asset value was $136.9 million, or $19.70 per share.

19:57 EDT ClearOne postpones filing 10-K for FY17 - ClearOne announced that the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2017 will be further delayed as the company and its independent auditors need additional time to complete the Annual Report and audit of the company's financial statements relating to recent changes in tax law, goodwill and intangibles impairment previously reported in the last Quarterly Report Form 10-Q and updating the capitalization of legal costs related to patent litigation. On March 19, 2018, the company previously filed a Form 12b-25, Notification of Late Filing, with the Securities and Exchange Commission regarding a delay in the filing of its Annual Report but was unable to complete the filing of the Annual Report with the SEC before the expiration of the April 2, 2018 extension period. The company intends to file its Annual Report with the SEC as soon as possible and continues to work diligently to finalize its financial statements. Given the ongoing audit of the company's financial statements by the company's independent auditors and its audit committee, the Company announced that it is postponing its fourth quarter and full year 2017 earnings release and conference call, previously scheduled for April 2, 2018 and April 3, 2018, respectively, until such audit is completed and the company has filed its Annual Report.

19:48 EDT Tortoise MLP reports unaudited total assets approximately $1.2B as of Mar. 31 - Tortoise MLP Fund announced that as of March 31, 2018, the company's unaudited total assets were approximately $1.2B and its unaudited net asset value was $705.5 million, or $14.91 per share.

19:02 EDT On The Fly: After Hours Movers - HIGHER: U.S. Steel (X) up 1.3% after the company resolved inquiry into water violations. DOWN AFTER EARNINGS: Cancer Genetics (CGIX) down 38.5%... Switch (SWCH) down 15.0%. ALSO LOWER: Viacob (VIAB) down 3.4% following a Reuters report of below-market offer from CBS (CBS), which traded little changed.

17:30 EDT Longfin down 2% after disclosing SEC investigation

17:27 EDT DXP Enterprises VP David Vinson sells 7,290 shares of company stock - In a regulatory filing, out after the close, David Vinson, a VP at DXP Enterprises, disclosed that he had sold 7,290 shares of company stock for an average price of $40 per share on March 29.

17:22 EDT U.S. Auto Parts files lawsuit against U.S. Department of Homeland Security - U.S. Auto Parts Network has filed a lawsuit against the United States Department of Homeland Security in the U.S. Court of International Trade. The lawsuit asserts that the United States Customs and Border Protection, an agency of the Department of Homeland Security, has been wrongfully seizing automotive grilles being imported by U.S. Auto Parts on the basis that the grilles are allegedly "counterfeit" and infringe trademarks held by the original automobile manufacturers. U.S. Auto Parts intends to vigorously defend its right to sell aftermarket automotive grilles under well-established trademark doctrines. U.S. Auto Parts CEO Aaron Coleman commented: "While the number of seized automotive grilles currently represents less than one percent of our overall revenue and product assortment, we are taking this action to remove overly burdensome bonding requirements arising from the wrongful seizures. We will defend our right to sell these products as we believe U.S. Auto Parts has a responsibility to our stockholders and customers to continue providing an affordable means to buy aftermarket automotive grilles."

17:21 EDT Huntington Ingalls awarded $180M U.S. Navy contract modification - Huntington Ingalls Industries is being awarded a $179,968,887 cost-plus-incentive-fee modification to a previously awarded contract for the purchase of additional long-lead-time material in support of PCU Enterprise. The purpose of this action is to definitize efforts previously announced as an undefinitized contract action and increase the scope of the contract for additional long-lead-time material. Work will be performed in Newport News, Virginia, and is expected to be completed by February 2027.

17:19 EDT Boeing awarded $311M U.S. Air Force contract - The Boeing Co has been awarded a $311,805,780 ceiling increase modification to previously awarded contract FA8213-15-D-0002 for Joint Direct Attack Munition tail kits. This ceiling increase provides for JDAM strap-on inertial guidance kits with the capability to receive guidance updates from global positioning systems to increase weapon accuracy for conventional inventory bombs. Work will be performed in St. Louis, Missouri, and is expected to be complete by March 30, 2020.

17:08 EDT U.S. Steel resolves water violations with State and Federal government - An agreement was filed in the Hammond Division of the United States District Court for the Northern District of Indiana between United States Steel, the United States and the State of Indiana resolving water violations with respect to the corporation's Midwest plant in Portage, Indiana, including those that occurred in April and October 2017. Under the consent decree that sets forth the terms of the agreement, U. S. Steel's Midwest Plant will undertake substantial measures to improve its operations, minimizing the possibility for reoccurrence of similar incidents at the facility. U. S. Steel will comply with the set of deliverables outlined in the agreement, ensuring that the commitment made to federal and state agencies is fulfilled while safeguarding the community and our shared natural resources. U. S. Steel is taking numerous steps to improve upon environmental standards, including: installing a new wastewater piping system and completing containment trench repairs; implementing new spill notification procedures; redeveloping the company's comprehensive wastewater operations and maintenance plan; implementing a more comprehensive preventive maintenance program plan; and identifying and evaluating available enhanced wastewater monitoring systems that would promote early detection and alert the company of any potential incidents.

17:01 EDT Zimmer Biomet announces FDA clearance of Comprehensive Augmented Baseplate - Zimmer Biomet Holdings announced the completion of the first surgical case utilizing its Comprehensive Augmented Baseplate, which received FDA clearance on January 3, 2018. The case was performed by John W. Sperling, M.D., an orthopaedic surgeon at Mayo Clinic, who specializes in shoulder surgery. The Comprehensive Augmented Baseplate complements the Company's Comprehensive Reverse Shoulder System by offering an alternative to bone grafting and eccentric reaming for patients with glenoid defects undergoing shoulder reconstruction. This newly cleared baseplate boasts a simplified circular design at three augment heights, allowing for augment placement in any orientation to accommodate various unique bone anatomies. Its circular design also allows bone ingrowth into the rim of the baseplate for optimal fixation.

17:01 EDT Viacom Class B shares down 2.5% after Reuters report

16:48 EDT Atkore divests FlexHead and SprinkFLEX business - Atkore International Group announced that it has completed the sale of the assets of FlexHeadIndustries, Inc. and SprinkFLEX to Anvil International."We continuously review the viability of all aspects of our business to ensure alignment to our corporate strategy, core product offerings and targeted customer base," commented John Williamson, President and CEO of Atkore International. "The divestiture of the FlexHead and SprinkFLEX business not only lowers Atkore's net debt, but also allows us to redirect resources to other strategic opportunities that will help Atkore better serve the needs of our customers, support growth initiatives and make us a stronger company overall." The FlexHead and SprinkFLEX businesses manufacture commercial flexible sprinkler head connection products for use in a variety of markets, including for industrial, commercial, cold storage, institutional and clean room applications.The financial terms of the sale were undisclosed.

16:46 EDT Commerce Bancshares announces CEO succession plan - Commerce Bancshares board of directors announced that effective August 1, John Kemper, currently president and COO of Commerce Bancshares, will become president and CEO, assuming the CEO role currently held by his father David Kemper, who will remain active as executive chairman. John Kemper has been with the bank since 2007, and was named president and COO in 2013. John Kemper joined Commerce in 2007 as director of strategic planning, identifying and leading key growth initiatives across the company. Prior to that, he worked as an engagement manager in the New York and Chicago offices of McKinsey & Company, a management consulting firm.

16:37 EDT Bear State Financial receives regulatory approvals for merger with Arvest Bank - Bear State Financial and Arvest Bank announced they have received all required regulatory approvals for the previously-announced merger between the parties. Shareholders of Bear State previously approved the merger at a meeting held on November 15, 2017. Bear State and Arvest anticipate closing the merger on or about April 20, subject to customary closing conditions. To satisfy the conditions imposed by the Federal Reserve's order of approval, Bear State has entered into an agreement with First Financial Bank of El Dorado, Arkansas to sell both of the Bear State Bank branches located in Mena, Arkansas. The two Mena branches had deposits totaling approximately $58M and loans totaling approximately $30M as of February 28. The closing of the sale of the Mena branches is expected to occur within 180 days following the closing of the merger with Arvest. Following the merger, customers of Bear State Bank and Arvest will not notice any immediate changes. At a later date, Bear State Bank's branding will change to Arvest Bank, with the full conversion of systems expected to occur later in 2018. In addition, Bear State Bank and First Financial Bank will be providing additional information to customers in Mena affected by the divestiture of those branches.

16:34 EDT Marine Products announces 110,141 shares repurchased in Q1 - Marine Products announced that during Q1 it purchased 110,141 shares under its share repurchase program.

16:32 EDT Perficient aquires Southport Services Group - Perficient announced it has acquired Southport Services Group, a Washington D.C.-based $17M annual revenue MicroStrategy consultancy with deep expertise in analytics, business intelligence and data warehousing solutions. The acquisition is expected to be accretive to adjusted earnings per share immediately.

16:30 EDT Cable One CFO Keving Coyle to retire in early 2019 - Kevin P. Coyle, Senior Vice President and Chief Financial Officer of Cable One, Inc has announced that he intends to retire from the company in early 2019. Cable ONE is commencing a national search to find Coyle's replacement. To ensure a seamless transition, Coyle will assist the company during the search process and with an orderly transfer of his responsibilities to his successor.

16:26 EDT Grainger names Thomas Okray as new CFO - Grainger announced it has appointed Thomas Okray as Senior Vice President and Chief Financial Officer, effective May 2, 2018. Okray will succeed Ron Jadin who, as previously announced, will retire from Grainger after 20 years with the company, 10 of which as Senior Vice President and CFO. In addition, Joseph High has decided to retire as Grainger's Senior Vice President and Chief People Officer.

16:22 EDT United Community Banks CEO Jim Tallent to retire - United Community Banks announced that CEO Jimmy Tallent will retire from his current position effective June 30. Tallent will move into a new role as executive chairman of United's board. Lynn Harton, president and CEO of United's banking subsidiary, will become CEO of United.

16:20 EDT Porter Capital Management reports 9.3% passive stake in Giga-tronics

16:17 EDT ConocoPhillips sees completing disposition program in Q2 - ConocoPhillips provided several updates on disposition activity and early life-cycle acreage acquisition activities. In the first quarter of 2018, the company closed or entered definitive agreements for approximately $250M of proceeds from the sale of non-core assets. Several small packages in the Permian Basin closed during the quarter. A package of largely undeveloped acreage in South Texas is expected to close in the second quarter. Production impacts to the company from these transactions are minimal. The company expects to complete its previously announced disposition program in the second quarter. The company also announced that it has established or expanded positions in two early life-cycle, liquids-rich unconventional plays in North America. In February, the company announced that it had acquired approximately 245 thousand net acres of early life-cycle unconventional acreage in the Lower 48 for very low entry cost. The company today identified that most of the acreage is in the Austin Chalk play in central Louisiana. The company expects to drill several exploration wells in the new position starting in 2018, which will be funded from within the company's announced exploration budget. The company also announced it recently acquired about 35 thousand net acres in the Montney play in Canada for approximately $120M. This additional acreage is adjacent to the company's existing position in the liquids-rich portion of the Montney. The company now holds approximately 140 thousand net acres in the liquids-rich Montney play, with appraisal underway. Exploration and appraisal activity in the Montney will also be funded within the existing exploration budget.

16:14 EDT Inovalon completes acquisition of ABILITY Network - Inovalon announced that it has completed its previously announced acquisition of ABILITY Network effective April 2. All customary closing conditions have been satisfied and regulatory approvals have been received. The combination of Inovalon and ABILITY creates the market's largest vertically integrated cloud-based platform empowering the achievement of real-time, value-based care from payers, pharmaceutical companies, device manufacturers, and diagnostic companies all the way to the patient's point of care.

16:13 EDT OncoCyte files patents fo 190 new novel lung cancer biomarkers - OncoCyte Corporation strengthened its intellectual property portfolio as it filed global patent applications for 190 newly identified novel biomarkers. These new biomarkers may enhance OncoCyte's lung cancer test and enable better differentiation of malignant from benign lung for improved lung cancer diagnosis.

16:11 EDT Commercial Metals names Tracy Porter as new COO - In a regulatory filing, Commercial Metals Company announced that effective April 1, 2018, Tracy L. Porter will assume the role of Executive Vice President and Chief Operating Officer of the company. Prior to this promotion, Mr. Porter served as of Executive Vice President-CMC Operations of the company since September 30, 2016. Mr. Porter also served as Senior Vice President of the company and President of the company's Americas Division since July 2010, and as Vice President of the company and President of the company's Americas Division from April 2010 to July 2010.

16:08 EDT Sinclair Broadcast responds to unfounded media criticism - Sinclair Broadcast Group responded to a series of media reports attacking the company's recent promotional announcement for its local news. These announcements were responding to the public's distrust in news generally, confirmed by this Monmouth University poll https://www.monmouth.edu/polling institute/reports/monmouthpoll_us_040218, and spoke to our commitment to avoid such inaccurate reporting. The promos served no political agenda, and represented nothing more than an effort to differentiate our award-winning news programming from other, less reliable sources of information. "We aren't sure of the motivation for the criticism, but find it curious that we would be attacked for asking our news people to remind their audiences that unsubstantiated stories exist on social media, which result in an ill-informed public with potentially dangerous consequences," commented Scott Livingston, Sinclair's Senior Vice President of News. "It is ironic that we would be attacked for messages promoting our journalistic initiative for fair and objective reporting, and for specifically asking the public to hold our newsrooms accountable. Our local stations keep our audiences' trust by staying focused on fact-based reporting and clearly identifying commentary."

16:07 EDT Andersons completes sale of grain elevators in Tennessee - The Andersons (ANDE) announced it has completed the sale of its grain elevators in Humboldt, Kenton and Dyer, Tennessee, to a subsidiary of Tyson Foods (TSN). The plan to sell the three Tennessee locations was first announced by The Andersons on February 14. The Andersons also owns elevators in Trenton, Como and Union City, Tennessee. The company is evaluating options for these three remaining facilities.

16:04 EDT IRCCO to use Cerner's big data and insights platform - Illinois Rural Community Care Organization, or IRCCO has selected Cerner to implement Cerner HealtheIntentSM, its big data and insights platform for population health management, across its accountable care organization to coordinate care for Medicare patients throughout the state of Illinois. Clinicians at IRCCO will have actionable health data at their fingertips to support improved patient care and coordination. Cerner HealtheIntent analyzes medical data across platforms and will support IRCCO clinicians in achieving actionable insights to help engage people beyond the hospital setting and manage health outcomes, with the aim of improving the overall health of the statewide community. Member hospitals and providers will be able to use Cerner HealtheIntent to identify gaps in care, analyze population and enterprise data, as well as inform clinical decision making. Cerner solutions will be deployed across IRCCO's ACO, comprised of 24 member hospitals and four independent provider practices, as they work to coordinate and improve care for 20,000 Medicare patients across the state of Illinois.

16:02 EDT Bank of the Ozarks raises quarterly dividend 2.63% to 19.5c per share - Bank of the Ozarks announced its board of directors has approved a regular quarterly cash dividend of 19.5c per common share payable April 20, 2018 to shareholders of record as of April 13, 2018. The dividend of 19.5c per common share represents an increase of 0.5c per common share, or 2.63%, over the dividend paid in the previous quarter. Bank of the Ozarks has increased its quarterly cash dividend in each of the last thirty-one quarters.

15:33 EDT Discovery Communications trading halted, volatility trading pause

15:20 EDT Alphabet moving Nest to Google segment, changing some reporting of metrics - Alphabet shared information with investors about a few changes it plans to make with its reporting of financial results for the first quarter of 2018, scheduled to be reported on Monday, April 23. Beginning in Q1 2018, non-marketable equity security investments will be measured at fair value on the balance sheet when transactions occur. Marketable equity securities will continue to be measured at fair value on the balance sheet. In addition to realized gains and losses, unrealized gains and losses on marketable and non-marketable equity security investments will also be recognized in OI&E on the income statement. Also, the financial results of Nest will be reported in the Google segment, with Nest revenues reflected in Google other revenues. Consolidated financial results will not be affected. In the company's Q1 2018 earnings release, Alphabet said it will recast segment information reflecting the Nest move from the Other Bets to the Google segment for all quarters of 2017. Alphabet also stated: "As our impression-based revenues have become a more significant driver of Network revenues growth, the percentage change in paid clicks and cost-per-click cover less of our total Network revenues. As a result, in Q1 2018, we will transition our Network revenue metrics from percentage change in paid clicks and cost-per-click to percentage change in impressions and cost-per-impression. The impressions and cost-per-impression metrics will cover nearly all of our Network revenues. The monetization metrics for Google properties revenues will remain unchanged." Reference Link

15:06 EDT Future FinTech delays filing of annual report on Form 10-K - In a regulatory filing, Future FinTech disclosed that it is unable to file its annual report on Form 10-K for the fiscal year ended December 31, 2017 within the prescribed time period without unreasonable effort or expense because additional time is required to complete the preparation of the company's financial statements in time for filing. The company anticipates filing its Form 10-K on or before on or before the 15th calendar day following April 2. Future FinTech said it anticipates reporting revenue for the fiscal year ended December 31, 2017 was $9.89M, compared to $34.41M for 2016, with the decrease due to decreases of sales in all the segments due to heavy market competition. Sees reporting net loss for the fiscal year ended December 31, 2017 was $126.98M, as compared to a loss of $5.55M for 2016, with the increase in net loss primarily due to a decrease in sales and an increase in impairment expenses in fiscal year 2017.

14:47 EDT Musk says Tesla 'always' releases crash data affecting public safety immediately - Tesla CEO Elon Musk, in a reply to the official Twitter account of the TeslaMotorsClub, stated: "Lot of respect for NTSB, but NHTSA regulates cars, not NTSB, which is an advisory body. Tesla releases critical crash data affecting public safety immediately & always will. To do otherwise would be unsafe." Reference Link

14:39 EDT Badger Meter acquires Innovative Metering Solutions - Badger Meter announced it has signed an agreement to acquire Innovative Metering Solutions, based in Tampa, Florida. IMS distributes Badger Meter products to municipal water utility customers throughout Florida. Following the acquisition, IMS will do business as "National Meter & Automation," Badger Meter's wholly-owned distribution sales organization. The acquisition is effective April 2. Terms of the transaction were not disclosed.

13:46 EDT Intel at lows, down 8% after headline about Apple using own chips for Mac

13:31 EDT Blue Lion says HomeStreet directors 'unsuitable fiduciaries' for shareholders - Blue Lion Capital and its affiliates, which manage funds that own roughly 6% of the stock of HomeStreet, issued a statement about the ongoing campaign by the board of HomeStreet to block any shareholder challenge to the company's sitting directors: "HomeStreet's directors will clearly do whatever it takes to protect themselves from accountability. We find it despicable that they have seized upon technicalities in an attempt to extend their tenure and further entrench themselves. This is, after all, a Board that has supervised a company fined by the SEC for violating accounting rules and impeding an SEC investigation. It is also a company that has underperformed all of its peers over the past five years and is currently valued lower than virtually every public bank because of investor skepticism about management, the Board and its failed business plan. No wonder the directors are afraid of losing an election contest. The brazen actions taken by these directors is perhaps the best evidence yet that they are unsuitable fiduciaries for HomeStreet's shareholders. And even though the Washington State Court may have given these directors a short reprieve with its preliminary ruling, the Board cannot hide from the judgment of the owners or the company's persistently underperforming stock price. We as shareholders have a fundamental right to be heard. BLC is not the first shareholder to express its displeasure about the sorry state of affairs at HomeStreet. This Company has missed earnings expectations in each of the past five quarters - an unprecedented performance in what has been a bull market for bank stocks. We expect HomeStreet's first quarter earnings for 2018 will be no different. Yet, Mark Mason and the Board apparently only care about themselves and keeping their jobs. The only real solution for HomeStreet's underperformance is new blood in both the executive suite and the boardroom. Blue Lion Capital remains fully committed to pursuing the much-needed changes at HomeStreet and we look forward to further communicating with our fellow shareholders soon."

13:19 EDT Wayfair sinks after Citron predicts shares going below $30 in 2018 - Wayfair is down 6%, or $3.97, to $63.56 after Citron Research posted a new short report on its website. The blog concluded, "Wayfair's growth is already beginning to decelerate. What happens to their growth once they have to start paying sales tax in every state and have to compete for the 20 keywords that drive the furniture industry? And they lose a key partner! Yes, Citron was early on the name, but we have beyond full conviction that this stock will see below $30 in 2018 on its way much lower."

13:07 EDT Eros International announces resignation of CEO Jyoti Deshpande - Eros International disclosed in a regulatory filing that effective as of April 1, Jyoti Deshpande, Group CEO and Managing Director of the company, resigned from these positions. Deshpande will remain as a Non-Executive Director on the Board of Directors of the company, Eros added. Kishore Lulla has become CEO of the company effective as of April 1, 2018, in addition to his position as Group Chairman.

12:59 EDT Tyson Foods plunges after China's retaliatory tariffs - Shares of Arkansas-based meat processor Tyson Foods (TSN) are falling after "China's retaliatory tariffs on American goods targeted U.S. agriculture and food producers," according to Reuters. China imposed tariffs on U.S. food products, which includes a 25% levy on frozen pork. PRICE ACTION: Shares of Tyson Foods are down 6.1% to $68.75 per share in early afternoon trading.

12:44 EDT Limelight, Akamai settle all outstanding legal disputes - Limelight Networks (LLNW) announced it has entered into a binding memorandum of understanding with Akamai Technologies (AKAM) that settles all outstanding legal disputes between the parties. The parties also agreed to license certain patents to one another as part of the settlement. Terms of the settlement and licenses are confidential. The parties will dismiss with prejudice the pending actions in the Eastern District of Virginia, which was scheduled to begin trial today, and the District of Massachusetts. This brings to conclusion a series of patent disputes between the parties that have been outstanding for the prior two yearsm Limelight said in a statement. Its CEO Bob Lento added, "We are pleased to finally have these disputes behind us. We remain focused on our top strategic priorities, including customer satisfaction, employee growth and retention, and delivering superior returns to our shareholders."

12:02 EDT Veritas Capital acquires GE's Value-Based Care Division for $1.05B - Veritas Capital and General Electric announced that an affiliate of Veritas has entered into a definitive agreement with GE to acquire the Enterprise Financial Management, Ambulatory Care Management and Workforce Management assets comprising GE Healthcare's Value-Based Care Division for $1.05B in cash. The transaction is expected to close during Q3 of 2018, subject to customary closing conditions and regulatory approvals. Morgan Stanley and Keval Health are acting as financial advisors to GE in the transaction. Goldman Sachs and William Blair & Company are acting as financial advisors to Veritas Capital in the transaction.

11:03 EDT Keysight, KT Corporation sign MOU to collaborate on 5G New Radio technology - Keysight Technologies (KEYS) announced the signing of a Memorandum of Understanding with KT Corporation (KT) at Mobile World Congress 2018 in Barcelona to collaborate on 5G New Radio technology and advanced 4G, accelerating commercial deployment of 5G. The MoU was signed to reinforce the collaboration between the two parties on technology development for 5G NR an advanced 4G to support KT trial and commercial deployment plans. Keysight will share guidance and insight on 5G NR technology development and testing of 5G infrastructure and UE testing for sub-6GHz and mmWave bands. Keysight's expertise will enable the development of Over-the-air and mmWave beamforming calibration test methodologies that KT will use to develop relevant test procedures.The two parties will collaborate to accelerate evaluation of 5G NR test and measurement solutions including first-to-market 5G network and UE emulation solutions that scale from early R&D testing in their ecosystems to validation and performance of the devices and networks as they are deployed. KT will also benefit from using Keysight's 5G NR software solutions that cover the full product design cycle with simulation, signal creation and analysis capabilities. Furthermore, its solutions for advanced 4G configurations including multi-band, multi-carrier aggregation and higher order MIMO will help KT transition from 4G to 5G more smoothly.

11:01 EDT Before the Move: Analysts bullish on Spotify ahead of April 3 direct listing - Spotify's (SPOT) direct listing of stock will begin trading on NYSE tomorrow, April 3. Over the last week in advance of the public offering of shares, several Wall Street analysts started coverage of Spotify with buy-equivalent ratings. RBC Capital analyst Mark Mahaney argued that the company can emerge as a global leader in streaming music with sustainable advantages, while MKM Partners analyst Rob Sanderson pointed out he is bullish on its margin opportunity. BUY SPOTIFY: In a research note to investors, RBC Capital's Mahaney initiated coverage of Spotify with an Outperform rating and a price target of $220. The analyst believes the company can emerge as a global leader in streaming music with sustainable advantages, while its valuation of 5-times enterprise value to expected FY19 revenue also looks "reasonable." Voicing a similar opinion, his peer at MKM Partners also initiated Spotify with a Buy rating and $200 price target. Analyst Rob Sanderson told investors in a research note of his own that he sees a much larger margin opportunity, but not necessarily at the expense of music label profits, as he believes margin leverage comes with Spotify's influence on audience and demand generation. The analyst expects Spotify will increasingly work with labels to promote artists and that labels will excuse royalty obligations for promotional content. As the platform continues to scale, he sees adjacent opportunities that can be accretive to long-term margin beyond management's stated target. Enabling emerging artists could evolve into a long-term disruptive force for labels, or into a farm-system to enhance labels, but either path would be margin accretive for Spotify, he contended. Meanwhile, Atlantic Equities analyst James Cordwell also started coverage of Spotify with an Overweight rating and $160 price target. Streaming music is a large, attractive growth opportunity and Spotify is well positioned to maintain its leadership position as its data advantage should enable it to offer a superior service, the analyst contended. Further, Cordwell argued that this leadership should also translate into steadily improving leverage with the music labels, offering the prospect of profitability by 2020. As Spotify's scale grows and it becomes increasingly influential in directing demand, the analyst expects it to be able to secure incrementally better deals, starting with the next contract renewals in 2019. "Before the Move" is The Fly's recurring series of exclusive stories that identify potentially market moving events, along with analyst predictions, ahead of the news.

10:43 EDT Facebook's Mark Zuckerberg hits back at Apple CEO Tim Cook's criticism - Facebook Chief Executive Officer Mark Zuckerberg fired back at comments from Apple (AAPL) CEO Tim Cook, calling Cook's recent criticism about Facebook "extremely glib." BACKGROUND: Tim Cook last week called for regulation that would limit the ability of Facebook and other companies to use customer data. Cook told Recode's Kara Swisher and MSNBC's Chris Hayes that he'd prefer that Facebook and others would have curtailed their use of personal data to build "these detailed profiles of people... patched together from several sources." "I think the best regulation is no regulation, is self-regulation," the Apple CEO said. "However, I think we're beyond that here." When asked what he would do if he were currently faced with the problems confronting Zuckerberg, Cook said "I wouldn't be in this situation." Zuckerberg has come under fire for Facebook's privacy practices in the wake of revelations that Cambridge Analytica improperly gained access to data from more than 50M user profiles. Facebook is also the subject of several investigations, both int he U.S. and abroad. Facebook said it learned of Cambridge Analytica's misuse of user data in 2015 but failed to notify the public until reports surfaced last month. Zuckerberg later commented that "We have a responsibility to protect your data, and if we can't then we don't deserve to serve you." COOK'S ARGUMENT 'EXTREMELY GLIB': Zuckerberg, in an interview with Vox's Ezra Klein, responded to Cook's statement, saying "I find that argument, that if you're not paying that somehow we can't care about you, to be extremely glib. And not at all aligned with the truth." "I think it's important that we don't all get Stockholm Syndrome and let the companies that work hard to charge you more convince you that they actually care more about you," Zuckerberg told Klein on his podcast, adding that "Because that sounds ridiculous to me." Zuckerberg also said "The reality here is that if you want to build a service that helps connect everyone in the world, then there are a lot of people who can't afford to pay. And therefore, as with a lot of media, having an advertising-supported model is the only rational model that can support building this service to reach people." While Zuckerberg believes Facebook will "dig through this hole," he noted that "it will take a few years." "wish I could solve all these issues in three months or six months, but I just think the reality is that solving some of these questions is just going to take a longer period of time," Zuckerberg said. PRICE ACTION: Facebook is down almost 2% to $156.64 in morning trading.

10:26 EDT Tesla falls after NTSB rebuke about fatal crash, CEO jokes about bankruptcy - Shares of Tesla (TSLA) are slipping after the company acknowledged that its autopilot function was involved in a fatal crash that occurred with one of its vehicles and its CEO Elon Musk tweeted on April Fool's that "Tesla has gone completely and totally bankrupt." With the quarter coming to an end, Tesla is expected to report production and deliveries results within a few days. AUTOPILOT INVOLVED IN FATAL CRASH: In a blog post late Friday, Tesla acknowledged that its autopilot function was involved in a fatal crash that occurred with one of its vehicles. "In the moments before the collision, which occurred at 9:27 a.m. on Friday, March 23rd, Autopilot was engaged with the adaptive cruise control follow-distance set to minimum. The driver had received several visual and one audible hands-on warning earlier in the drive and the driver's hands were not detected on the wheel for six seconds prior to the collision. The driver had about five seconds and 150 meters of unobstructed view of the concrete divider with the crushed crash attenuator, but the vehicle logs show that no action was taken. The reason this crash was so severe is because the crash attenuator, a highway safety barrier which is designed to reduce the impact into a concrete lane divider, had been crushed in a prior accident without being replaced. We have never seen this level of damage to a Model X in any other crash. Over a year ago, our first iteration of Autopilot was found by the U.S. government to reduce crash rates by as much as 40%. Internal data confirms that recent updates to Autopilot have improved system reliability. In the US, there is one automotive fatality every 86 million miles across all vehicles from all manufacturers. For Tesla, there is one fatality, including known pedestrian fatalities, every 320 million miles in vehicles equipped with Autopilot hardware. If you are driving a Tesla equipped with Autopilot hardware, you are 3.7 times less likely to be involved in a fatal accident. Tesla Autopilot does not prevent all accidents - such a standard would be impossible - but it makes them much less likely to occur. It unequivocally makes the world safer for the vehicle occupants, pedestrians and cyclists," the company said. Over the weekend, Reuters reported that the U.S. National Transportation Safety Board was "unhappy" that Tesla made public information about the crash of its Model X vehicle that killed the driver last month. APRIL FOOL'S: After teasing on Twitter that important news was coming, Tesla CEO Elon Musk tweeted on April 1, "Tesla Goes Bankrupt Palo Alto, California, April 1, 2018 -- Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it... There are many chapters of bankruptcy and, as critics so rightly pointed out, Tesla has them *all*, including Chapter 14 and a half (the worst one)...Elon was found passed out against a Tesla Model 3, surrounded by "Teslaquilla" bottles, the tracks of dried tears still visible on his cheeks. This is not a forward-looking statement, because, obviously, what's the point? Happy New Month!" WHAT'S NOTABLE: In a research note to investors this morning, Jefferies analyst Philippe Houchois upgraded Tesla to Hold from Underperform with an unchanged price target of $250. The analyst noted that Tesla shares are down 32% from their September 2017 peak and that he sees a "high probability" that management and the board, when releasing first quarter unit data this week, take "more drastic action" on guidance and funding to "restore credibility." At the current stock price, either would be positive, Houchois contended. The analyst believes "higher than consensus" dilution from a capital raise could be positive for the shares, if it "credibly de-risked" the Model 3 production ramp up. PRICE ACTION: In morning trading, shares of Tesla have dropped 7% to $247.39.

10:19 EDT Macau casino operators slipping despite continuing run of monthly gaming gains - Casino companies operating in Macau are in focus in morning trading after Macau's gaming bureau said casino revenue in the Chinese territory jumped over 22% in March compared to the same month of last year. March was the twentieth consecutive month of gains. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO). GAMING DATA: Macau's Gaming Inspection and Coordination Bureau said gross revenue from games of fortune in the region rose 22.2% year-over year to 25.95B patacas, compared with analysts' expectations of 13%-18% growth. The latest monthly result puts the market's accumulated 2018 year-over-year growth at 20.5%. According to advisory firm Union Gaming, GGR sharply accelerated towards the back end of the month after slowing down due to the National People's Congress meetings in Beijing that ran from March 5-March 20. RECENT ANALYST COMMENTARY: Morgan Stanley analyst Thomas Allen raised his 2018/2019 EBITDA forecasts for Las Vegas Sands and Wynn Resorts after visiting Macau last month. For Las Vegas Sands, Allen cited strong visitation growth over Chinese New Year, less MGM (MGM) Cotai cannibalization, and less renovation disruption at Cotai Central. Stifel analyst Steven Wieczynski also visited Macau in March and told investors that he came back with a "much more positive/constructive view for 2018" than he was previously forecasting. It was clear that operators were "thrilled" with how the Chinese New Year holiday played out and demand post-CNY had continued to be strong, especially on the VIP side, Wieczynski said. PRICE ACTION: In morning trading, Las Vegas Sands dropped 0.5%, while MGM slid 0.9%, Wynn Resorts fell 0.3% and Melco Resorts shares trading in New York declined 0.8%.

09:54 EDT Morgan Stanley sees Fitbit's new products struggling to offset declining demand - Shares of Fitbit (FIT) are falling after a Morgan Stanley analyst downgraded the stock citing struggles to stabilize revenue and a resumption of cash burn. ANALYST DOWNGRADE: On Monday, Morgan Stanley analyst Yuuji Anderson downgraded Fitbit to Underweight from Equal Weight and lowered his price target for the shares to $4 from $5. New smartwatches will be outweighed by declines in legacy products, while software opportunities in health coaching "will take time to ramp," Anderson told investors in a research note. The analyst also said that updated search analysis suggests that older product categories are seeing accelerated declines in the first quarter and he believes fiscal year 2018 revenues will fall below management's $1.5B target. Further, Anderson thinks declines will continue heading into 2019 and sees additional downside in shares with revenue not stabilizing and cash burn resuming. He added that new products like the Versa smartwatch could be sources of incremental risk as the recent pace of software and sensor developments has not "sufficiently catalyzed demand." Anderson also noted that software revenues are unlikely to offset wearables declines for at least two years as the company will face challenges when driving adoption for its mobile-app based health coaching tool. Anderson's bear case, which entails accelerating declining demand for Fitbit products, is $2 per share. WHAT'S NOTABLE: On March 20, Roth Capital analyst Scott Searle noted that Fitbit expanded its smartwatch product portfolio with the Versa and kid-friendly Ace fitness tracker, expanding its existing smartwatch portfolio beyond the male fitness oriented Ionic and better positioning the company to participate in the rapidly growing smartwatch market. With numbers de-risked, digital consumer and therapeutics models emerging and nearly $3 in net cash per share, the analyst believes shares remain attractive. Searle reiterated a Buy rating and $8 price target on the stock. PRICE ACTION: Fitbit was down 9.5%, or roughly 50c, to $4.62 in morning trading.

09:43 EDT Trump calls Sinclair 'far superior' to CNN, 'even more Fake' NBC - President Trump tweeted this morning, "So funny to watch Fake News Networks, among the most dishonest groups of people I have ever dealt with, criticize Sinclair Broadcasting for being biased. Sinclair is far superior to CNN and even more Fake NBC, which is a total joke." Shares of Sinclair Broadcast Group (SBGI) are up 5c to $31.35 in early trading.

09:41 EDT Trump calls those saying Post Office makes money on Amazon 'fools or worse' - President Trump just tweeted, "Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed. Also, our fully tax paying retailers are closing stores all over the country...not a level playing field!"

09:26 EDT Commvault says has had 'initial discussions' with Elliot - Commvault released the following statement in response to the press release issued by Elliott Management: "Commvault conducts open communications with its stockholders, and the Board of Directors and management team values their input. Commvault has had initial discussions with Elliott and we go into these discussions with an open mind, a goal of enhancing stockholder value, and optimistic for Commvault's future."

09:16 EDT CECO Environmental announces sale of Strobic to Cincinnati Fan - CECO Environmental announced the sale of Strobic to Cincinnati Fan and Ventilator Company, a portfolio company of Dominus Capital, L.P. The sale of Strobic, along with the previously announced sale of Keystone Filter, generated gross proceeds in excess of $35M in the first quarter of 2018.

09:08 EDT Astronics unit awarded aircraft power contracts with several A-P airlines - Astronics (ATRO) announced that its wholly owned subsidiary, Astronics Advanced Electronic Systems, has been selected by multiple Asia-Pacific airlines to install the EmPower in-seat power and flight deck power systems. Several major airlines in Asia will install the EmPower systems from 2018 to 2025, including two Chinese low-cost carriers. These recent awards will place in-seat power within 500 additional narrow-body aircraft serving the Asia-Pacific region. The installations are scheduled on both Boeing (BA) and Airbus (EADSY) aircraft.

09:07 EDT HomeStreet: Washington court rules in favor of company in Blue Lion litigation - On Friday, the Superior Court of King County, Washington ruled in favor of HomeStreet, the parent company of HomeStreet Bank, with regard to the lawsuit brought by an affiliate of Roaring Blue Lion Capital against the company. At Friday's hearing, Blue Lion had sought a preliminary injunction enjoining HomeStreet from rejecting Blue Lion's director nominations and shareholder proposals. HomeStreet issued the following statement in response to the ruling: "The Court has affirmed HomeStreet's position that Blue Lion failed to comply with the company's advance notice bylaw. As a result, Blue Lion's director nominations and proposals for the 2018 Annual Meeting will be disregarded. No proxies in favor of Blue Lion's nominees or proposals will be recognized and no votes cast in favor of Blue Lion's nominees or proposals will be tabulated at the 2018 Annual Meeting. Our bylaws exist for the protection of all HomeStreet shareholders. The Board believes it is important to treat shareholders fairly and equally, with the same rules and deadlines applying to everyone. HomeStreet is committed to engaging constructively with its shareholders, including Blue Lion. The company looks forward to continuing to execute on its strategic plan to maximize long-term shareholder value."

09:05 EDT MDC Partners acquires majority partnership interest in Instrument - MDC Partners announced that it has acquired a majority partnership interest in Portland, Oregon-based digital agency Instrument. Founded in 2002, Instrument is one of the largest independent, digital brand and experience innovation companies in the U.S. The agency's 175-person team of strategists, producers, designers, engineers and content creators helps drive businesses and engage consumers. This new partnership accelerates MDC's growth and builds its portfolio of modern, innovative and digital-first agencies.

09:04 EDT GrubHub expands delivery offering to 34 additional markets nationwide - Grubhub has expanded its delivery capabilities to 34 more markets across 19 states. The expansion was completed throughout the first quarter of 2018 and is part of Grubhub's plan to grow its delivery network to reach more than 100 new markets this year.

09:03 EDT Condor: Dougan resigning to become CEO at hospitality management company

09:02 EDT OpenText announces Madhu Ranganathan joins as CFO - Open Text announced that Madhu Ranganathan joins OpenText as EVP, CFO as previously reported on January 31. John Doolittle will remain with the company until September to help complete the transition.

09:01 EDT Qualys acquires software assets of 1Mobility - Qualys announced that it has acquired the software assets of 1Mobility, Singapore. The acquisition now allows Qualys to provide enterprises of all sizes with the ability to create and continuously update an inventory of mobile devices on all versions of Android, iOS and Windows Mobile in their environment; and to continuously assess their security and compliance posture, while quarantining devices that are compromised or out-of-compliance. It also allows Qualys to extend its PCI certification to mobile devices and to deliver a highly scalable Enterprise Mobility Management solution that permits the distribution of apps and security policies over the air to corporate or employee-owned devices. 1Mobility, Singapore's solutions will be fully integrated with the Qualys Cloud Platform and its Cloud Apps. The solution will be commercially available in early 2019.

08:49 EDT Puma Biotechnology announces NCCN designation for Nerlynx - Puma Biotechnology announced that Nerlynx has been included as a recommended treatment option in the latest National Comprehensive Cancer Network, or NCCN, Clinical Practice Guidelines in Oncology Central Nervous System Cancers for Breast Cancer patients with brain metastases. The NCCN designated Nerlynx in combination with capecitabine as a category 2A treatment option and Nerlynx in combination with paclitaxel as a category 2B treatment option. Use, as designated for breast cancer patients with brain metastases, is outside the FDA approved indication for Nerlynx and considered investigational.

08:45 EDT Sellas announces 'positive' interim data from Phase 2b NeuVax trial - SELLAS Life Sciences Group announced positive interim data from the prospective, randomized, single-blinded, controlled Phase 2b independent investigator-sponsored clinical trial of trastuzumab +/- nelipepimut-S in HER2 1+/2+ breast cancer patients in the adjuvant setting to prevent recurrences. A pre-specified interim analysis, conducted by an independent Data Safety Monitoring Board of the efficacy and safety data for the study in an overall population of 275 patients as well as the two primary study target patient populations after a median follow-up of 19 months, demonstrated a clinically meaningful difference in median disease-free survival in favor of the active arm, a primary endpoint of the study, with hazard ratios of 0.67 and 0.61 in the intent to treat and modified ITT populations as well as a 34.9% and 39.5% reduction in relative risk of recurrence in the active versus control arms in the ITT and mITT populations, respectively. A clinically meaningful and also statistically significant difference was found between the two arms in the cohort of patients with triple-negative breast cancer, with a hazard ratio of 0.26 and a p-value of 0.023 in favor of the NeuVax + Herceptin combination with a 70.4% reduction in relative risk of recurrence in the active arm versus control. Similarly, a clinically meaningful and statistically significant difference was found between the two arms in favor of the combination in the cohort of patients not receiving hormonal therapy, with a hazard ratio of 0.24 and a p-value of 0.009 with a 74.1% reduction in relative risk of recurrence in the active arm versus control. This pre-specified interim analysis also showed an adverse event profile with no notable differences between treatment arms. The addition of NeuVax to Herceptin did not result in any additional cardiotoxicity compared to Herceptin alone. The NeuVax + Herceptin combination was found to be generally well-tolerated. The majority of treatment-emergent adverse events were of mild or moderate severity and the majority of G3 systemic TEAEs were unrelated to NeuVax. Treatment-related adverse events consisted primarily of manageable local injection site reactions, skin induration, pruritus and fatigue. Additionally, in the NeuVax + Herceptin arm, in vivo HER2-specific T-cell immune responses, assessed by delayed type hypersensitivity skin testing, showed a time-dependent increase in IR potency compared to the earliest tested datapoint, while no such increase was observed in the control arm. Based on the results above, the DSMB has recommended to expeditiously seek regulatory guidance by the FDA for further development of the combination of NeuVax + Herceptin in TNBC, considering the statistically significant benefit of the combination therapy seen in this population with large unmet medical need.

08:44 EDT Elliott Management discloses 10.3% stake in Commvault

08:42 EDT Ideal Power signs purchase agreement for 2 MW of SunDial products with BCI - Ideal Power and Brantingham & Carroll International, or BCI, a global leader in mechanical steel, design, engineering and global manufacturing, signed a purchase order agreement for approximately two megawatts of Ideal Power's SunDial series products. BCI is the EPC, or Engineering, Procurement and Construction, contractor for a high-profile demonstration project that will integrate Ideal Power's SunDial Plus inverters and an advanced solar + storage solution into the first large scale deployment of its kind. Initial SunDial units will be shipped in the next week with the bulk of the shipments scheduled for the middle of the second quarter of 2018.

08:39 EDT Resonant announces settlement of proxy contest with Park City Capital - Resonant announced that it has settled the proxy contest previously initiated by Park City Capital with respect to Resonant's 2018 Annual Meeting of Stockholders. In connection with the settlement, Resonant will nominate as independent directors Brett Conrad, Managing Partner of Longboard Capital, Alan Howe, Managing Partner of Broadband Initiatives, Jack Jacobs, retired Colonel United States Army and Josh Jacobs, Executive Chairman of The Maven for election to its Board of Directors at the 2018 Annual Meeting. In addition, current directors Robert Hammond, Thomas Joseph and Richard Kornfeld will not stand for re-election.

08:38 EDT Capstone Turbine announces new CHP projects at North American hospitals - Capstone Turbine Corporation announced its continued expansion into the healthcare market with new combined heat and power projects at two North American hospitals. In addition, a third high profile North American hospital, that had previously purchased Capstone microturbines, will be commissioning its new CHP system in May and will be a regional showcase installation. Capstone leadership previously announced its plans to specifically target hospitals as part of its expansion in the critical power market vertical, which was approximately 1% of revenue in FY17, making it a key revenue growth opportunity in FY18 and beyond. One hospital located in the Western United States will utilize ten new natural gas-fueled C65 integrated combined heat and power systems and a hospital located in Eastern Canada will employ four new C65 ICHP units. Together the 14 new natural gas-fueled Capstone C65 ICHP microturbine systems will provide on-site hot water making them the ideal solution for the two hospitals by generating low cost clean and green electricity and thermal energy. Both projects are expected to be commissioned in the fall. A third hospital located in the greater Manhattan area of New York City will be commissioning 1.6 megawatts of Capstone Signature Series microturbines in May. This high profile project is a CHP application and was sold early last year. In total, the three new hospital projects will utilize 2.5MWs of Capstone product into this growing market vertical and serve as a showcase and blueprint for other hospitals in North America to emulate.

08:38 EDT Cerus enrolls first U.S. patients in RedeS study - Cerus announced that Baylor St. Luke's Medical Center in Houston became the first center in the continental U.S. to enroll patients in Cerus' RedeS study. RedeS is a Phase 3 study designed to evaluate the safety and efficacy of INTERCEPT Blood Systems for red blood cells, or RBC's, compared to conventional RBCs in regions impacted by the Zika virus. Based on provisional data from the CDC, in 2017 there were 49 symptomatic cases of Zika reported in Texas. In addition, blood screening tests identified two individuals in Texas as presumptive viremic blood donors. While the majority of Zika cases were reported by travelers returning from affected areas, three cases in 2017 were presumed to be transmitted through local mosquitos. RedeS is a two-stage study being conducted in regions impacted by the Zika virus epidemic. The first stage of the trial is a double-blind, controlled, parallel group trial where 600 adult patients will be randomized to receive up to 28 days of transfusion support with INTERCEPT-treated RBCs or conventional RBCs, with a primary endpoint of hemoglobin increment following transfusion. In a second optional stage, up to 20,000 patients would receive RBC transfusion support with up to 50,000 RBC units in an open-label, single-arm treatment use study. The objective of the second stage is to provide early access to the INTERCEPT Blood System for RBCs in regions where a substantial proportion of the population has been infected or is at risk of infection by the Zika virus, or future similar mosquito-borne epidemics, and the risk of asymptomatic infection among qualified blood donors is recognized.

08:36 EDT Ascendis Pharma appoints Thomas Larson as Chief Commercial Officer - Ascendis Pharma announced that the company has appointed Thomas Larson as Senior Vice President and Chief Commercial Officer. Larson has served as Vice President and Chief Commercial Officer at Mitsubishi Tanabe Pharma America since 2016.

08:35 EDT Asure Software acquires Austin HR - Asure Software has acquired Austin HR located in Austin, Texas, a professional services firm providing outsourced human resource tactical and professional services such as payroll, employee benefits services, recruiting, training, development and strategic HR consulting. Austin HR will fall under the Asure Consulting services offering.

08:34 EDT Switch, Rackspace announce private cloud solutions agreement - Switch (SWCH) and Rackspace announced a new agreement to deliver Rackspace private cloud solutions and connectivity to managed public cloud solutions on AWS, Azure and Google (GGOG, GOOGL) in Switch's highly secure and reliable Tier 5 Platinum data center PRIME locations. The agreement builds on Rackspace's Fanatical Everywhere and Pay-As-You-Go Private Cloud services that allow customers to run private clouds in any data center, with a consumption and billing model similar to that for public clouds.

08:32 EDT Leading Brands granted Nasdaq extension - Leading Brands is pleased to announce that on March 23, 2018, the Nasdaq Listing Qualifications Staff granted the company an extension of time until July 23, 2018 to regain compliance with Listing Rule 5550(b). As previously announced on September 18, 2017, the company has entered into a definitive agreement to acquire Liquid Media Group by way of a plan of arrangement pursuant to the Business Corporations Act and will seek to list the post-acquisition entity on The Nasdaq Capital Market. In accordance with the applicable Canadian securities laws, the company will be holding a special meeting of shareholders to consider resolutions to approve the issuance of the shares forming the consideration to be paid to Liquid shareholders pursuant to the Transaction, among other things. The special meeting of LBIX shareholders is being held concurrently with a special meeting of Liquid shareholders, which will be called by Liquid to consider the Transaction. Closing of the Transaction is subject to Liquid receiving approval from its shareholders for the Transaction. The Transaction will also require the approval of LBIX shareholders and the Supreme Court of British Columbia, as well as certain regulatory approvals. If the requisite approvals of the Liquid shareholders, the LBIX shareholders and the Court and the regulatory approvals are obtained and all other conditions to the Transaction have been satisfied, it is anticipated that the Transaction will be completed in May 2018. The company had previously received notice from Nasdaq Staff on January 23, 2018 of non-compliance with the Listing Rule and submitted a plan of compliance. The plan was based on the expectation that the combined company will meet all applicable requirements for initial listing on The Nasdaq Capital Market. It is expected that the combined entity will be required to meet all applicable requirements for initial listing on The Nasdaq Capital Market. Notwithstanding the foregoing, there can be no assurances that the Company will be able to complete the Transaction or that the combined entity will meet all applicable requirements for initial listing on The Nasdaq Capital Market.

08:19 EDT Abeona Therapeutics appoints Carsten Thiel, Ph.D., as CEO - Abeona Therapeutics announced the appointment of Carsten Thiel, Ph.D., as CEO. Timothy Miller, Ph.D., will remain President and assume the position of Chief Scientific Officer in charge of the company's expanding clinical and preclinical research programs. Dr. Thiel most recently served as the Executive Vice President and Chief Commercial Officer of Alexion Pharmaceuticals, Inc. where he led global commercial operations bringing innovative and life-transformative therapies for rare diseases to patients.

08:12 EDT Vectrus announces fifth task order win valued at $16M - Vectrus Systems Corporation, a wholly-owned subsidiary of Vectrus, was awarded a new $16M firm-fixed-price installation services task order in support of the U.S. Air Force at Al Dhafra Air Base in the United Arab Emirates. The task order, awarded under the Air Force Contract Augmentation Program IV, or AFCAP IV, includes a base year and two years of potential option periods. AFCAP IV provides a full range of base life/operating support and logistical services on a contingency basis to the U.S. Air Force.

08:10 EDT Zayo Group announces FTT deal with major wireless carrier - A major wireless carrier has selected Zayo Group for fiber-to-the-tower, or FTT, to new macro towers in 30 markets across 21 states. The deal is an expansion of an agreement announced in September 2016. Inclusive of both contracts, Zayo will connect thousands of macro towers for the customer. The contract is Zayo's largest mobile infrastructure contract to date. The solution includes deployment of dark fiber infrastructure, in some cases replacing legacy ethernet. The new infrastructure will support the carrier's strategy of improving coverage and capacity across its network to accommodate increasing traffic and to prepare for 5G. The deployment will leverage Zayo's existing fiber network and includes construction of hundreds of route miles of fiber. This agreement pertains to macro towers. Under other contracts, Zayo is deploying small cell infrastructure for this customer. In many cases, these are full turnkey implementations, including RF design, site acquisition, permitting and installation of equipment.

08:09 EDT XBiotech in-licenses anti-NY-ESO-1 antibody targeting advanced cancer - XBiotech USA announced that it has obtained an exclusive, worldwide license from CT Atlantic, a Swiss biotechnology company. Under the terms of the license agreement, XBiotech will use its proprietary manufacturing technology to advance the development of the True Human anti-NY-ESO-1 monoclonal antibody, 12D7. Accordingly, XBiotech will now begin to establish the production capability to enable 12D7 clinical development. The 12D7 antibody targets NY-ESO-1, a cancer-related protein commonly found in many kinds of aggressive tumors. The therapeutic use of 12D7 offers the potential to target advanced tumors by activating cellular immunity or antibody directed immune responses against tumors. A 12D7 therapy may be combined with other therapies that unleash the immune system to produce anti-cancer responses.

08:07 EDT Salesforce to adopt new accounting standards - Salesforce intends to adopt Financial Accounting Standards Board accounting standards ASC 606 and ASC 340-40 using the full retrospective method beginning in its first fiscal quarter ending April 30, 2018. As a result, the company is updating its guidance for its first fiscal quarter and full fiscal year 2019 to reflect the anticipated adoption of these new accounting standards. For fiscal year 2017 and fiscal year 2018, ASC 606 is currently expected to have an immaterial benefit to the company's revenue. ASC 340-40 is currently expected to materially benefit the company's reported operating results for fiscal year 2017 and fiscal year 2018, as it requires additional types of costs to be capitalized and amortized over a longer period. The expected adoption of both standards will not impact the company's operating cash flow. Under the new standard, costs related to obtaining new revenue contracts are anticipated to be amortized on a straight-line basis over four years, which, although longer than the typical initial contract period, reflects the average period of benefit, including expected contract renewals. Additionally, the company expects to amortize capitalized costs for renewals and success fees paid to partners over two years. For additional information regarding the company's policies related to these new accounting standards, refer to the company's most recent Form 10-K filed with the SEC on March 9, 2018.

08:06 EDT Marlin Business secures $300M forward flow agreement with Varadero Capital - Marlin Business Services announced that it has entered into a forward flow sale agreement with Varadero Capital to sell up to $300M in equipment leases and loans to be originated by Marlin. Marlin provides equipment financing to small businesses through its relationships with over 10,000 partners consisting of equipment dealers, manufacturers and resellers across the country. The company also provides working capital loans to its small business customers.

08:06 EDT White Mountains to acquire majority stake in NSM Insurance Group - White Mountains announced that it has entered into an agreement to acquire a majority equity stake in NSM Insurance Group, a leading specialty insurance program administrator. The transaction values NSM at approximately $388M. White Mountains intends to fund the acquisition through a combination of cash on hand and new debt issued by NSM. The transaction is expected to close by the end of the second quarter of 2018. The closing is subject to regulatory approvals and other customary closing conditions. The closing is not subject to a financing condition.

08:05 EDT Rhythm Pharmaceuticals announces licensing agreement with Takeda - Rhythm Pharmaceuticals (RYTM) announced that it has acquired exclusive, worldwide rights from Takeda Pharmaceutical Company (TKPYY) to develop and commercialize T-3525770, now RM-853. RM-853 is a potent, orally available ghrelin o-acyltransferase inhibitor currently in preclinical development for Prader-Willi Syndrome. PWS is a rare genetic disorder that results in hyperphagia and early-onset, life-threatening obesity, for which there are no approved therapeutic options. Ghrelin is an orexigenic peptide, secreted by the stomach and proximal small intestine in response to a negative energy balance. Ghrelin plays a key physiological role in stimulating appetite and promoting food intake, thereby maintaining overall energy balance. In people living with PWS, levels of active ghrelin are elevated, contributing to an unrelenting hunger, known as hyperphagia, which leads to severe obesity. RM-853 is designed to block GOAT, the key enzyme involved in the production of the active form of ghrelin, with the expected effect of lowering active ghrelin levels. This blockage increases the levels of des-acyl-ghrelin, a ghrelin precursor. High levels of DAG are believed to have independent beneficial effects on the control of appetite and tissue homeostasis, which might add to the potential efficacy of RM-853 in PWS. In preclinical research, RM-853 prevented body weight gain and reduced fat mass in high fat-fed mice, with a favorable pharmacokinetic, pharmacodynamic, and safety profile. Rhythm plans to complete preclinical studies of RM-853 and file an investigational new drug application with the U.S. Food and Drug Administration in 1Q20. Under the terms of the agreement, Rhythm will assume sole responsibility for the global product development and commercialization of RM-853. Takeda will receive an upfront payment of $5M in Rhythm common stock, back-end development milestones, and single-digit royalties on future RM-853 sales.

08:05 EDT Medallion completes de-BDC process, to operate as non-investment company - Medallion Financial announced that it has filed the company's withdrawal form of its business development company election with the SEC and going forward will operate as a non-investment company. The company believes functioning as a traditional operating company will provide several significant benefits for Medallion and its shareholders, including: The ability to harness Medallion Bank's long-term earnings power by being able to invest additional capital to further grow the company's consumer portfolio; Simplification of financial statements going forward through the consolidation of all non-investment subsidiaries, including Medallion Bank; Increased transparency, as the company expects to report its entire operating results on one income statement; Eligibility for inclusion as a component in certain stock market indexes for the first time since the indexes dropped BDCs from inclusion.

08:03 EDT BioCryst files proxy statement in connection with pending Idera merger - BioCryst Pharmaceuticals (BCRX) announced that it has filed definitive proxy materials with the SEC in connection with the pending merger of BioCryst and Idera (IDRA). BioCryst's Special Meeting of Stockholders is scheduled to take place on May 9, 2018 at BioCryst's corporate offices in Durham, North Carolina at 10:00 AM ET. All BioCryst common stockholders of record as of the close of business on April 4, 2018, will be entitled to vote their shares either in person or by proxy at the stockholder meeting. The BioCryst Board of Directors recommend that all stockholders vote "FOR" the merger proposal as well as all other BioCryst proposals included in the definitive proxy statement on the proxy card. Additionally, BioCryst issued an open letter to its stockholders, saying "On January 22, 2018, BioCryst Pharmaceuticals announced a merger transaction with Idera Pharmaceuticals that the BioCryst Board of Directors believes represents a significant opportunity to enhance the value of your investment in BioCryst and is in the best interest of BioCryst stockholders. The transaction has been unanimously approved by the Boards of both companies. We are asking for your support of the transaction in advance of the upcoming Special Meeting of BioCryst Stockholders that has been scheduled for May 9, 2018."

07:59 EDT OncoCyte names Cavan Redmon as chairman of the board - OncoCyte Corporation (OCX) announced that Cavan Redmond, a director of the company since 2015, has been named Chairman of the Board of Directors. Alfred D. Kingsley, who has been Chairman since 2009, will remain a director. Redmond previously served as CEO of WebMD Health (KKR).

07:57 EDT Unisys names Katie Ebrahimi as SVP, Chief Human Resources Officer - Unisys (UIS) announced that Katie Ebrahimi has joined the company as its next senior vice president and Chief Human Resources Officer. She will report directly to Peter Altabef, president and CEO of Unisys. Ebrahimi's appointment is effective April 26. She will succeed Dave Loeser, who has served in the role for five years and is leaving Unisys effective at the end of the month to pursue an opportunity with an organization focused on serving U.S. service members, veterans and their families. Ebrahimi joins Unisys from DXC Technology (DXC), where she served as vice president of Human Resources, Global Delivery.

07:40 EDT NextEra Energy Partners to sell Canadian operating portfolio to CPPIB for $741M - Canada Pension Plan Investment Board, or CPPIB, announced that it has signed an agreement to acquire a portfolio of six Canadian operating wind and solar power projects from NextEra Energy Partners for $741M, inclusive of working capital and subject to customary adjustments. The portfolio includes four wind and two solar projects with a total capacity of 396 megawatts in Ontario. Affiliates of NextEra Energy Partners, who developed and currently operate the portfolio, will continue to be the operator under a long-term agreement. The fully contracted portfolio has delivered strong performance since the assets began operations between 2012-2015. This transaction is valued at approximately 10x EBITDA and a 10% cash yield, based on 2019 estimates. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close during the second quarter of 2018.

07:33 EDT Qualcomm extends cash offer for NXP Semiconductors to April 6 - Qualcomm (QCOM) announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors (NXPI). The tender offer is being made pursuant to the Purchase Agreement, dated as of October 27, 2016, by and between Qualcomm River Holdings B.V. and NXP, as amended. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on April 6, 2018, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement.

07:32 EDT NextEra Energy Partners announces sale of Canadian renewable portfolio - NextEra Energy Partners announced that it has entered into a definitive agreement with Canada Pension Plan Investment Board for the sale of its portfolio of wind and solar generation assets located in Ontario, Canada, for a total consideration of approximately $582.3M, including the net present value of the O&M origination fee, subject to customary working capital and other adjustments, plus the assumption by the purchaser of approximately $689M in existing debt. An affiliate of NextEra Energy Resources will continue to operate all of the facilities included in the transaction under a 10-year services agreement with CPPIB. The transaction includes the sale of six fully contracted wind and solar assets, with an average contract life of approximately 16 years and 10-year average CAFD of $38.4M. Located in Ontario, the portfolio has a combined total generating capacity of approximately 396 megawatts. NextEra Energy Partners expects the sale to close during the second quarter of 2018. The transaction is subject to receipt of regulatory approvals and satisfaction of customary closing conditions. NextEra Energy Partners continues to expect a Dec. 31, 2018, run rate for adjusted EBITDA of $1B-$1.15B and CAFD of $360M-$400M, reflecting calendar year 2019 expectations for the forecasted portfolio at year-end 2018.

07:31 EDT Strongbridge Biopharma announces dosing of first 4 patients in LOGICS study - Strongbridge Biopharma announced that the first four patients have been dosed in LOGICS, a second global Phase 3 study evaluating the efficacy and safety of RECORLEV, a next-generation cortisol synthesis inhibitor, for the treatment of endogenous Cushing's syndrome.

07:31 EDT Alkermes shares drop 16%, or $9.21, to $48.75 following Refusal to File letter

07:28 EDT Compugen announces exclusive license agreement with MedImmune - Compugen (CGEN) announced it entered into an exclusive license agreement with MedImmune, the global biologics research and development arm of AstraZeneca (AZN), to enable the development of bi-specific and multi-specific immuno-oncology antibody products. Under the terms of the agreement, Compugen will provide an exclusive license to MedImmune for the development of bi-specific and multi-specific antibody products derived from a Compugen pipeline program. MedImmune has the right to create multiple products under this license and will be solely responsible for all research, development and commercial activities under the agreement. Compugen will receive a $10M upfront payment and is eligible to receive up to $200M in development, regulatory and commercial milestones for the first product as well as tiered royalties on future product sales. If additional products are developed, additional milestones and royalties would be due to Compugen. Compugen will retain all other rights to its entire pipeline of programs as monotherapies and in combination with other products.

07:18 EDT Intra-Cellular drops 9% after Alkermes receives Refusal to File letter - After Alkermes (ALKS) received a Refusal to File letter from the FDA for its depression drug, shares of Intra-Cellular Therapies (ITCI) are down 9%, or $1.92, to $19.13 in premarket trading. STAT's Adam Feuerstein tweeted following the Alkermes news, "Anyone confident in $ITCI now? I wouldn't be." Intra-Cellular on March announced that it had a "positive" pre-New Drug Application meeting with the FDA regarding lumateperone for the treatment of schizophrenia. At the meeting, the company and the FDA agreed on the proposed content and timing of a rolling NDA submission. The company plans to complete its NDA submission by mid-2018.

07:12 EDT Trump: Congress 'must immediately pass Border Legislation' - President Donald Trump tweeted, "Mexico has the absolute power not to let these large 'Caravans' of people enter their country. They must stop them at their Northern Border, which they can do because their border laws work, not allow them to pass through into our country, which has no effective border laws.....Congress must immediately pass Border Legislation, use Nuclear Option if necessary, to stop the massive inflow of Drugs and People. Border Patrol Agents (and ICE) are GREAT, but the weak Dem laws don't allow them to do their job. Act now Congress, our country is being stolen!" Reference Link

07:08 EDT Strata Skin Sciences appoints Dolev Rafaeli as interim CEO - STRATA (SSKN) announces the appointment of Dr. Dolev Rafaeli as interim CEO, effective April 10, 2018. The company's current CEO Frank McCaney will assume the role of interim CFO. Rafaeli has over 25 years of experience in the healthcare, medical device, consumer and industrial services fields. He served as a member of the Board of Directors of the company that founded the XTRAC, PhotoMedex (PHMD), since 2011 and was its CEO from 2006 to 2015. He was president and CEO of Radiancy, a subsidiary of PhotoMedex, from 2006 to 2017.

07:04 EDT Hudson Global names Jeffrey Eberwein CEO - Hudson Global announced that Jeffrey Eberwein has been appointed CEO. Eberwein, who currently serves as chairman of the company's board of directors, will succeed Stephen Nolan effective April 1. Richard Coleman, Jr., Hudson's chairman of the compensation committee, will become chairman of the board effective April 1. Prior to becoming Hudson's CEO, Eberwein was CEO of Lone Star Value Management, an investment firm he founded in 2013.

07:03 EDT Hudson Global announces closing of strategic divestitures - Hudson Global announced it has completed the sales of its recruitment and talent management operations in Europe and Asia Pacific to strategic buyers in three transactions. Hudson received total proceeds of $39M in cash at closing, subject to customary post-closing adjustments. Net proceeds included $24M for recruitment and talent management operations in Benelux, $7.7M for the recruitment and talent management operations in the rest of Europe, and $6.4M for the recruitment and talent management operations in Asia Pacific. European proceeds are lower than previous estimates due to higher borrowings in the U.K. All Hudson debt has been transferred to the buyers with the divestitures. Going forward, the company will focus on its Recruitment Process Outsourcing business in the Americas, Asia Pacific, and EMEA. Hudson has a deep history in this space going back over 18 years as one of the first RPO providers in the industry. Hudson RPO delivers professional talent solutions to large, long-term clients in multiple sectors with operations across the globe. In 2017, Hudson RPO delivered $60M in revenue, $42M in gross margin, and is expected to generate positive EBITDA and cash flow in 2018, before corporate overhead. As of December 31, 2017 based on pro forma financials after the divestitures, Hudson Global had $45.1M of cash and no debt on its balance sheet. The company intends to use proceeds from the transactions for investment in the RPO business, reduction in support staff costs, the company's existing share repurchase program, and other corporate purposes

07:02 EDT Perion Network receives non-compliance letter from NASDAQ - Perion Network announced that it received a letter from NASDAQ indicating that the company is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5450 which requires listed securities to maintain a minimum bid price of $1.00 per share for 30 consecutive business days. The NASDAQ notice has no immediate effect on the listing or trading of the company's shares on the NASDAQ Stock Market. According to the letter from NASDAQ, the company has a grace period of 180 calendar days, ending on September 24, to regain compliance with the minimum bid price requirement. The company can regain compliance if, at any time before the grace period ends, the bid price of its ordinary shares closes at or above $1.00 per share for a minimum of ten consecutive business days.

07:02 EDT LHC Group announces completion of merger with Almost Family - LHC Group (LHCG) has announced the completion and effectiveness of its merger with Almost Family (AFAM). The shares of Almost Family ceased trading under the ticker symbol "AFAM" at the close of the NASDAQ stock market on March 29. Under the terms of the merger agreement, each share of Almost Family common stock was automatically converted into the right to receive 0.9150 of a share of LHC Group common stock, resulting in approximately 31.2 million total shares of common stock outstanding for the combined company.

07:01 EDT Command Center CEO Bubba Sandford resigns to pursue other interests

07:01 EDT Command Center names Richard Coleman as CEO, succeeding Bubba Sandford - Command Center has appointed Richard Coleman as president and CEO and a member of its board of directors, effective April 1, 2018. He succeeds Bubba Sandford, who resigned his positions as CEO and director to pursue other interests. Prior to Command Center, Coleman served as President and CEO, director, and principal executive officer of Crossroads Systems, a global provider of data archive solutions, beginning November 2013.

06:57 EDT Alkermes trading halted, news pending

06:51 EDT Sonoco Products announces start of Robert Tiede as CEO - Sonoco announced the start of Robert Tiede's tenure as the new President and CEO of Sonoco. Tiede replaces the retiring Jack Sanders, who served as President and CEO since 2013. Tiede will be the ninth CEO of the 119-year-old company. Prior to being named CEO, Rob served as Executive Vice President and COO of Sonoco, with global leadership, sales and operating responsibility for all of the Company's diversified consumer, industrial and protective packaging businesses.

06:47 EDT Waddell & Reed names Elizabeth Hansen as Chief Compliance Officer Ameriprise - Waddell & Reed (WDR) has appointed Elizabeth Hansen as Senior Vice President and Chief Compliance Officer of distribution subsidiaries Waddell & Reed and Ivy Distributors. Hansen, who comes to Waddell & Reed from Ameriprise Financial Services (AMP), fills the role previously held by Shawn Mihal, who was promoted to President of Waddell & Reed, the firm's independent broker-dealer, in November.

06:37 EDT Cal-Maine Foods says will not pay dividend for Q1, Q2, Q3 of FY18 - Pursuant to Cal-Maine Foods' variable dividend policy, for each quarter for which the company reports net income, the Company pays a cash dividend to shareholders in an amount equal to one-third of such quarterly income. Following a quarter for which the Company does not report net income, the company will not pay a dividend with respect to that quarter or for a subsequent profitable quarter until the company is profitable on a cumulative basis computed from the date of the last quarter for which a dividend was paid. Therefore, the company did not pay a dividend with respect to the fourth quarter of fiscal 2016, or any quarter of fiscal 2017, and will not pay a dividend for the first, second, or third quarters of fiscal 2018. At March 3, 2018, cumulative losses that must be recovered prior to paying a dividend were $20.5M.

06:36 EDT Cal-Maine Foods sees 'favorable consumer demand trends' in specialty egg unit - CEO Dolph Baker said, "Our specialty egg business remains a primary focus of our growth strategy as we continue to see favorable consumer demand trends. For the third quarter of fiscal 2018, specialty eggs, excluding co-pack sales, accounted for 24.3 percent of our total sales volume, compared with 23.6 percent for the same period a year ago. Specialty egg revenue was 30.2 percent of total shell egg revenue, compared with 40.8 percent for the third quarter of fiscal 2017, as a result of significantly higher market prices for non-specialty eggs in the current period. We are also focused on aligning our future production capacity with the anticipated industry-wide change in product demand, as our largest customers have made public commitments to exclusively offer cage-free eggs by future specified dates. Our primary objective is to ensure we are ready to meet our customers' needs through this transition period, and we are prepared to make the necessary investments in our operations. As always, Cal-Maine Foods provides a diverse product mix that includes cage-free eggs, as well as other healthy and affordable options for consumers including conventional, nutritionally enhanced and organic eggs."

06:24 EDT Leidos awarded $117M GEO 7 task order by FAA - Leidos was awarded a task order by the Federal Aviation Administration, or FAA, to develop the 7th Generation geostationary earth orbit, or GEO, satellite used for the FAA Wide Area Augmentation System, or WAAS. The task order has a four-year development phase, and one 10-year Operations and Maintenance phase with a total contract value of approximately $117M. The GEO 7 payload is expected to launch in the first quarter of 2020. The system will enter its 10-year operational phase in 2021.

06:13 EDT Snap says cut approximately 7% of global workforce in March - In a regulatory filing, Snap said that during March, it implemented "a reduction in force plan impacting approximately 7% of our global headcount, primarily in engineering and sales. The reduction in force is to align resources around our top strategic priorities and to reflect structural changes in our business. We estimate that we will incur approximately $10 million of pre-tax cash expenditures, substantially all of which will be severance costs. Additionally, we expect to recognize a stock-based compensation forfeiture benefit of approximately $31M. The severance charges and any stock-based compensation forfeiture benefit will be recognized in the quarter ended March 31, 2018. As a result of the reduction in force, we expect to recognize savings of approximately $25M in 2018 and $34M on an annualized basis related to salaries and payroll taxes. The charges associated with this reduction in force are not material to our consolidated financial position or results of operations." Also in the filing, Snap said "In 2018, we will exit various operating leases prior to the end of the contractual lease term, primarily as a result of moving to a centralized corporate office located in Santa Monica, California. As of December 31, 2017, these leases had a remaining contractual obligation of approximately $85M. We expect to incur losses of approximately $25M-$45M reflecting the present value of our remaining lease obligation on the cease use date, net of estimated sublease income. We anticipate these charges to be incurred throughout 2018, primarily in the second and third quarters of the year, based on current exit plans. We do not expect the charges to be material to our consolidated financial position or results of operations."

06:05 EDT Abiomed names Todd Trapp as CFO

06:04 EDT JAKKS Pacific names Brent Novak as CFO, effective April 1 - JAKKS Pacific announced the appointment of Brent Novak as Executive Vice President and CFO, effective April 1. Until March 2018, Novak served as CFO of the Ixia Business Group, a business unit of Keysight Technologies, which acquired Ixia, a publicly held company, in April 2017.

06:01 EDT Amazon shutting down TenMarks online math and writing learning service - Amazon will close its TenMarks online math and writing learning service after the 2018-2019 school year, TenMarks said on its website. "We're winding down," the announcement reads. "TenMarks will no longer be available after the 2018-2019 school year. Licenses for TenMarks Math and Writing will be honored through June 30, 2019." Reference Link

05:44 EDT Musk jokes about Tesla bankruptcy on April Fool's - After teasing on Twitter yesterday that important news was coming, Tesla CEO Elon Musk tweeted on April Fool's, "Tesla Goes Bankrupt Palo Alto, California, April 1, 2018 -- Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it... There are many chapters of bankruptcy and, as critics so rightly pointed out, Tesla has them *all*, including Chapter 14 and a half (the worst one)...Elon was found passed out against a Tesla Model 3, surrounded by "Teslaquilla" bottles, the tracks of dried tears still visible on his cheeks. This is not a forward-looking statement, because, obviously, what's the point? Happy New Month!"