Stockwinners Market Radar for May 10, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

21:02 EDT WWE reaches agreement to televise 'Raw' in the Philippines - WW and 5, a free-to-air Filipino broadcast network, today announced a new agreement to broadcast WWE's flagship program Raw in the Philippines. Beginning this weekend, 5 will air a weekly one-hour version of Raw at 10 p.m. on Sundays and will continue to air a one-hour version of SmackDown at 8:30 p.m. on Mondays.

20:15 EDT Kirkland Lake Gold to acquire shares of Novo Resources - Kirkland Lake Gold is pleased to announce that it has entered into a share purchase agreement with Artemis Resources Limited to acquire 4M common shares of Novo Resources Corp. at a price of C$5.00 per Share for a total purchase price of C$20,000,000. The Acquisition is scheduled to close on or before May 31, 2018.

18:54 EDT Wynn Resorts board says Elaine Wynn campaign 'disingenous' - Wynn Resorts issued an open letter to shareholders to address statements made by Elaine Wynn relating to the company's Annual Meeting of Shareholders on May 16, 2018. The board said that Elaine Wynn's "withhold-the-vote" campaign has been "entirely disingenous" and is "only serving to undercut the stability and progress we are making to transform Wynn Resorts." "While we value the views of and engagement with all of our shareholders, including Elaine Wynn, we continue to believe that her actions are questionable and not designed to advance shareholder value," the board said. "For example, our Board and management have repeatedly offered to meet with her to discuss her views - which she has refused to do. Her recent claim that we have continually rejected her requests to meet with the three new independent directors is disingenuous. In response to her recent communications, we offered for her to meet with the full Board followed by an executive session of the directors without management present - an approach we believe represents the clearest path to constructive dialogue and is best practice in corporate governance. We proposed a time for the meeting on the first date our directors will all be in Las Vegas and able to accommodate her request for an in-person meeting, and have reiterated a willingness to find a mutually agreeable alternative if that time was not acceptable to her. She did not offer an alternative time, and instead issued a complaint via press release, leading us to question whether her request was simply a public relations stunt."

18:29 EDT Banco Macro announces ARS4.5B share repurchase program - Banco Macro S.A. informs the market that the board has decided to establish the terms and conditions for the repurchase of ARS4.5B in shares issued by the Bank. This decision has been adopted based on the current domestic and international macroeconomic context and the fluctuations in the capital market in general, which has materially impacted the price of domestic shares, including the quotation of the shares of the Bank. In addition, the Board of Directors has taken into consideration the financial strength of the Bank and its liquidity.

18:22 EDT Azul reports April traffic up 17.2% - Azul announced its preliminary traffic results for April 2018. Consolidated passenger traffic increased 17.2% compared to April 2017 on a capacity increase of 17.6%. As a result, load factor was 81.4%, 0.3 percentage points lower than in the same period last year.

18:05 EDT Nvidia says cryptocurrency miners love GeForce - Says goal is to dramatically reduce the cost and time of film rendering. Says cryptocurrency miners love GeForce super-computing infrastructure. Says GeForce is a good candidate for any new cryptocurrency. Says new games like Fortnite and Player Unknown's Battleground are home runs for NVIDIA.

17:59 EDT Boeing exec Luttig sells 9,000 common shares - In a regulatory filing, Boeing executive VP and General Counsel J. Michael Luttig disclosed the sale of 9,000 common shares of the company at a price of $344.13 per share.

17:52 EDT First Majestic announces new stream agreement at San Dimas Mine - First Majestic Silver Corp. announced that it has terminated the pre-existing silver purchase agreement with Wheaton Precious Metals Corp. and its subsidiary, Wheaton Precious Metals International Ltd., relating to the newly acquired San Dimas Mine and entered into a new precious metal purchase agreement with WPMI and FM Metal Trading Inc., a wholly-owned subsidiary of First Majestic. Pursuant to the New Stream Agreement, WPMI will be entitled to receive 25% of the gold production and 25% of the silver production converted to gold equivalent at a fixed exchange ratio of 70:1 at San Dimas in exchange for ongoing payments equal to the lesser of $600 and the prevailing market price, for each gold ounce delivered to an offtaker under the agreement. As part of the termination of the previous silver purchase agreement, WPMI received 20,914,590 common shares of First Majestic.

17:44 EDT Algonquin Power raises quarterly dividend 10% to 12.3c - The dividend is payable on July 13, 2018 to the shareholders of record on June 29, 2018 for the period from April 1, 2018 to June 30, 2018.

17:38 EDT Noble Energy finalizes agreement to move Permian crude oil to Corpus Christi - Noble Energy announced that it has finalized an agreement with EPIC Pipeline to transport crude oil from the Company's Delaware Basin acreage position to Corpus Christi, Texas. Noble Energy has secured firm capacity for 100 thousand barrels of oil per day for a 10-year period beginning at pipeline start-up. The Company has dedicated substantially all its Delaware Basin acreage position in Reeves County, Texas, to the EPIC crude pipeline, which the operator anticipates to commence operations in the second half of 2019. The 730-mile EPIC crude pipeline will connect the Permian Basin and Eagle Ford Shale to the Port of Corpus Christi with capacity up to 590 MBbl/d. In addition to Noble Energy's acreage dedication, the EPIC crude pipeline has received an acreage dedication from Apache Corporation. As part of the EPIC strategic relationship, Noble Energy has secured options to acquire up to 30 percent ownership in the EPIC crude pipeline and up to 15 percent ownership in the EPIC NGL pipeline.

17:30 EDT Easterly Acquistion trading resumes

17:25 EDT Nvidia says Q1 Auto up 12% from Q4 - Says the company has healthy gaming demand.

17:12 EDT Nvidia says Q1 cryptocurrency demand was stronger than expected - Says Q1 growth was led by gaming and data center. Says Q1 cryptocurrency demand was stronger than expected, but was mostly fulfilled with crypto-specific GPU's. Comments taken from Q1 earnings conference call.

17:06 EDT Essa Pharma regains compliance with Nasdaq listing requirements - ESSA Pharma announced that it received a notice from the Nasdaq Listing Qualifications Staff on May 10, 2018 notifying the company that it regained compliance with the Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5550a2 for continued listing on the Nasdaq Capital Market. Accordingly, ESSA is in compliance with all applicable listing standards and its common stock will continue to be listed on the Nasdaq and the Nasdaq considers this matter closed.

17:00 EDT Nvidia says Q1 automotive revenue grew 4% from year-ago-quarter - Gaming revenue grew 68% from a year earlier to $1.72B.

16:56 EDT PPG to delay filing quarterly report on Form 10-Q - PPG Industries is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 within the prescribed time period because it requires additional time to complete the investigation described below and management requires additional time to assess the Company's internal control over financial reporting in light of the investigation. The Company is currently unable to predict when it will be able to file its Form 10-Q and does not currently expect to file by the prescribed due date allowed pursuant to Rule 12b-25. As previously disclosed on April 19, 2018, the Company received a report through its internal reporting system alleging violations of PPG's accounting policies and procedures regarding the failure to accrue certain specified expenses in the first quarter of 2018. Based on its initial review at that time, the Company identified approximately $1.4M of expenses that should have been accrued in the first quarter of 2018 and that were then reflected in PPG's earnings for the quarter ended March 31, 2018 released on April 19, 2018. In addition, the report alleged that there may have been other unspecified expenses, potentially up to $5M in the aggregate, that were improperly not accrued in the first quarter. The Audit Committee of the Company's Board of Directors is overseeing an investigation of the matters set forth in the report, with the assistance of outside counsel and forensic accountants. To date, the investigation has identified the following items not yet reflected in our March 31 results reported in our April 19, 2018 press release and which impact the quarter ended March 31, 2018, in addition to the approximately $1.4M of expenses described above: (1) failure to record amortization expense in the amount of $1.4M to correct for amortization of an intangible asset that was inadvertently not recorded over a three-year period and discovered in March 2018; (2) understatement of a health insurance accrued liability in the amount of $500,000; and (3) failure to record an adjustment increasing the value of inventory in our Europe, Middle East and Africa region in the amount of $2.1M due to inflation of raw materials costs (which, when corrected, would have a positive effect on income in the first quarter of 2018, resulting in a net increase to income from continuing operations before income taxes from these three items of approximately $200,000). Apart from the investigation, the Company has identified certain inadvertent errors with respect to the quarter ended March 31, 2018. The Company has quantified errors that would result in a net decrease in income from continuing operations before income taxes of approximately $7.8M but may quantify additional errors prior to the filing of the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2018. These errors will be corrected as appropriate. In addition to the matters identified by the investigation relating to the quarter ended March 31, 2018, the investigation to date has also identified improper reclassifications of gains from income from discontinued operations to income from continuing operations, in total pre-tax amounts of $2.1M in the quarter ended June 30, 2017 and $4.7M in the quarter ended December 31, 2017. The investigation to date has also identified improper shifting of pre-tax expenses between quarterly periods in 2017 as follows: (1) a total of $3.4M in compensation expense recorded in the third and fourth quarters of 2017 that should have been recorded in the quarter ended June 30, 2017 and (2) additional expense accrual for health care claims in the amount of $3.5M recorded in the third and fourth quarters of 2017 that should have been recorded in the quarter ended June 30, 2017. The investigation is continuing and there is no assurance that additional items will not be identified. The Company does not intend to provide additional updates on the results of the investigation until it is concluded or the Company determines that further disclosure is appropriate or necessary. The investigation has found evidence that the improper accounting entries were made by certain employees at the direction of the Company's former Vice President and Controller. The former Vice President and Controller was put on administrative leave as of April 25, 2018, and his employment with the Company was terminated as of May 10, 2018. Two employees who acted under his direction have been re-assigned to different positions within the Company where they will not have a role in PPG's internal control over financial reporting nor its disclosure control process. In light of the matters set forth above relating to periods in 2017, as well as the ongoing investigation with respect to such periods, the Company, in consultation with the Audit Committee of the Board of Directors and the Company's independent registered public accounting firm, PricewaterhouseCoopers LLP, concluded that the Company's consolidated financial statements for the year ended December 31, 2017 included in its Annual Report on Form 10-K and the related report of PwC, and for the quarterly and year-to-date periods in 2017, should no longer be relied upon.

16:53 EDT Nvidia down 2% afterhours following Q1 earnings

16:49 EDT Glass Lewis and ISS recommend disclosure of XPO Logistics' working conditions - Proxy advisory firms Glass Lewis and Institutional Shareholder Services are recommending that XPO Logistics (XPO) investors support a Teamster-filed shareholder resolution that seeks better disclosure of the company's sustainability practices, including its workplace conditions. The recommendation follows accusations that XPO has turned a blind eye to sexual harassment within its operations. Last month, current and former female workers at a facility that XPO operates for Verizon (VZ) in Memphis, Tenn. filed complaints with the Equal Employment Opportunity Commission alleging unwanted sexual advances and retaliation for reporting harassment to their superiors. Verizon is now investigating the Memphis workers' claims. At the same time, XPO has come under political and media scrutiny for its misclassification of workers as independent contractors in its port drayage business in Southern California.

16:45 EDT Elliott to vote against Hyundai Motor's restructuring plan - Elliott announced that it will vote against the Hyundai Motor Group Restructuring Plan and urged other shareholders to oppose the Plan. Elliott also released an investor presentation that provides detailed analysis on why the group's plan is inadequate and unfair to shareholders. While Elliott said it is encouraged that the group has acknowledged the need to reform its corporate structure, it believes the current Restructuring Plan is based on flawed assumptions, and: fails to provide a sound business rationale; fails to offer terms that are fair to all shareholders; fails to achieve any meaningful simplification of its corporate structure; fails to address significant valuation discounts; fails to optimize balance sheets, improve shareholder returns or corporate governance.

16:42 EDT PPG says investigation finds errors with respect to March quarter - PPG announced that it has filed a Form 12b-25 Notification of Late Filing with the U.S. Securities and Exchange Commission regarding its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018. As previously disclosed on April 19, 2018, PPG received a report through its internal reporting system alleging violations of PPG's accounting policies and procedures regarding the failure to accrue certain specified expenses in the first quarter of 2018. Based on its initial review at that time, PPG identified approximately $1.4 million of expenses that should have been accrued in the first quarter of 2018 and that were then reflected in PPG's earnings for the quarter ended March 31, 2018 released on April 19, 2018. In addition, the report alleged that there may have been other unspecified expenses, potentially up to $5 million in the aggregate, that were improperly not accrued in the first quarter. The Audit Committee of the Company's Board of Directors is overseeing an investigation of the matters set forth in the report, with the assistance of outside counsel and forensic accountants. To date, the investigation has identified the following items not yet reflected in our March 31, 2018 results as reported in our April 19, 2018 press release and which impact the quarter ended March 31, 2018, in addition to the approximately $1.4 million of expenses described above: failure to record amortization expense in the amount of $1.4 million to correct for amortization of an intangible asset that was inadvertently not recorded over a three-year period and discovered in March 2018; understatement of a health insurance accrued liability in the amount of $500,000; and failure to record an adjustment increasing the value of inventory in our Europe, Middle East and Africa region in the amount of $2.1 million due to inflation of raw materials costs. Apart from the investigation, the Company has identified certain inadvertent errors with respect to the quarter ended March 31, 2018. The Company has quantified errors that would result in a net decrease in income from continuing operations before income taxes of approximately $7.8 million but may quantify additional errors prior to the filing of the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2018. These errors will be corrected as appropriate.

16:40 EDT Kulicke & Soffa trading resumes

16:37 EDT Gastar Exploration sees Q2 net average daily production 5.0-5.6 MBoe/d

16:33 EDT Cisco completes acquisition of Accompany - Cisco announced it has completed the acquisition of Accompany, a privately held company based in Los Altos, Calif. The company provides an AI-driven relationship intelligence platform for finding new prospects, navigating the selling process, and strengthening relationships. Cisco acquired Accompany for $270M in cash and assumed equity awards. Accompany founder and CEO Amy Chang has been named senior VP in charge of Cisco's Collaboration Technology Group. The Accompany team joins the CTG under Chang's leadership.

16:32 EDT Linden Capital reports 7.4% stake in Layne Christensen - On February 13, 2018, Granite Construction (GVA) and a wholly-owned subsidiary of Granite entered into an Agreement and Plan of Merger with the Issuer pursuant to which Granite agreed to acquire Layne Christensen (LAYN) for 0.270 Granite shares for each Share. The Reporting Persons believe that Granite's proposed acquisition of the Issuer has strategic merit, but views the price offered as below fair value.

16:31 EDT Mosaic names Clint Freeland CFO - The Mosaic Company (MOS) announced that Clint Freeland has been named Senior Vice President and Chief Financial Officer, effective June 4. Freeland will lead Mosaic's global finance and information technology teams. He will also join the company's Senior Leadership Team. Freeland has 26 years of global business experience, most recently as Executive Vice President and Chief Financial Officer for Dynegy (VST).

16:30 EDT Ziopharm pausing plans for veledimex trial in recurrent glioblastoma - Ziopharm said it is "pausing plans" for its pivotal randomized control trial for Ad-RTS-hIL-12 plus 20mg dose of veledimex for the treatment of recurrent glioblastoma multiforme. The Company said it is "progressing in resolving previously disclosed technical requirements related to Chemistry and Manufacturing Control, making this asset phase-3 ready for rGBM." It added, ""The landscapes of CAR-T therapies and the use of cytokines are playing out as anticipated. Regarding CAR-T, we find the dominating concern among patients, physicians and payers is the high costs and lengthy manufacturing time. We are addressing these issues head on with Sleeping Beauty CAR-T cells manufactured in two days with our technology called 'point-of-care,' which we expect to enter the clinic this year. Immune-stimulatory cytokines have gained significant momentum as potential combination therapies with immune checkpoint inhibitors. We are excited to build on our Controlled IL-12 platform and its ability to turn cold tumors hot as we explore more tumor types that can benefit from our ability to regulate IL-12."

16:29 EDT Iberiabank announces 2% stock repurchase program - Iberiabank announced that the Board of Directors of the company authorized the repurchase of up to 1,137,500 shares of the company's outstanding common stock. This repurchase authorization equates to approximately 2% of total shares outstanding.

16:25 EDT TiVo continues to explore options to maximize shareholder value - The company said, "As announced in TiVo's Q4 2017 earnings release and its related earnings call, we are continuing to explore a broad range of strategic alternatives to maximize the value of the Company and best deliver value to our shareholders. We expect to provide an update on this exploration process no later than our Q2 2018 earnings call...As mentioned above, TiVo's management and board are conducting an in-depth review of its businesses, cost structure and strategic options to maximize shareholder value. Due to the broad range of potential outcomes, the Company is not providing financial estimates for fiscal 2018 at this time."

16:25 EDT Easterly Acquistion trading halted, news pending

16:22 EDT Altair acquires FluiDyna GmbH - Altair has acquired Germany-based FluiDyna GmbH, a renowned developer of NVIDIA CUDA and GPU-based Computational Fluid Dynamics and numerical simulation technologies in whom Altair made an initial investment in 2015. FluiDyna's simulation software products ultraFluidX and nanoFluidX have been available to Altair's customers through the Altair Partner Alliance and also offered as standalone licenses.

16:21 EDT Waddell & Reed reports April AUM $79.2B, down from $80.2B in March - Waddell & Reed Financial reported preliminary assets under management of $79.2 billion for the month ended April 30, 2018, compared to $80.2 billion on March 31, 2018.

16:19 EDT Synchrony to acquire Loop Commerce, terms not disclosed - Synchrony announced a definitive agreement to acquire Loop Commerce, a technology leader in digital and in-store gifting services with its patented GiftNow platform and service. The acquisition will help diversify Synchrony's business, broaden its reach, provide more strategic value and capabilities for partners, and deepen its technology portfolio. Synchrony is acquiring Loop Commerce to make it faster and easier for partners to incorporate personalized digital and in-store gifting by marrying the simplicity of Loop Commerce's unique technology platform with Synchrony's deep consumer financial services experience, strong retail partnerships and loyalty programs. Financial terms were not disclosed; the deal is not expected to have material impact on Synchrony's financial results.

16:17 EDT Noodles & Company sees modestly positive comparable restaurant sales for FY18

16:15 EDT Noodles & Company reports comparable restaurant sales decline of 0.2% - Q1 comparable restaurant sales decreased 0.2% system-wide, decreased 0.3% for company-owned restaurants and increased 0.9% for franchise restaurants.

16:13 EDT First Merchants increases quarterly cash dividend 22.22% - First Merchants Corporation announced that its board has increased the corporation's quarterly cash dividend by 4c, or 22.22%, to 22c per common share. The dividend will go into effect June 15 to stockholders of record as of June 1.

16:07 EDT MGM Resorts announces new $2B share repurchase program - MGM Resorts announced that the Board of Directors has authorized a new $2B share repurchase program. The company also announced the completion of its previous $1B share repurchase program. Since the announcement of the company's $1B share repurchase program in September 2017, the company has repurchased approximately 30M shares.

16:05 EDT AGNC Investment reports estimated tangible net book value of $18.58 per share - The company announced its estimated tangible net book value of $18.58 per common share as of April 30, 2018. The estimate of tangible net book value includes deductions for the Company's April 2018 dividend of 18c per common share, which was declared on April 12, 2018 with an April 30, 2018 record date.

16:00 EDT ViewRay trading halted, news pending

15:40 EDT Hain Celestial rebounds after earnings miss earlier this week - Shares of organic food company Hain Celestial (HAIN) have been regaining ground quickly since reporting quarterly results early Tuesday. Shares of Hain Celestial, whose brands include Celestial Teas, Terra chips, and Arrowhead Mills and many other familiar health brands, have lost about 40% of their value since last summer when they hit a yearly high of $45.61 per share in late July. Earlier this week shares dropped to their lowest level since 2013 after reporting Q3 results on Tuesday, May 8, that widely missed analyst estimates. Hain blamed the earnings miss on high commodity and freight costs. ACTIVIST STAKE: In late June of 2017, activist investor Engaged Capital disclosed a 9.9% stake in Hain Celestial. Engaged subsequently reached a pact with Hains for significant board changes and an exploration of strategic alternatives. TALKS OF SALE: Hain's investors bid up the stock last summer on talks of a possible sale. At the time, Jefferies analyst Akshay Jagdale said he believed there would be "significant strategic interest" in Hain and that management "is a willing seller" at the right price. A deal for Hain makes the most sense for Pinnacle Foods (PF), Jagdale told investors in a research note in late July. In the Fall of 2017, the roster of potential buyers for Hain grew when Bloomberg reported that Nestle (NSRGY) is among the companies exploring a purchase of the health food marketer. Wells Fargo analyst John Baumgartner said at the time, that Nestle (NSRGY) would likely be a good fit for Hain's baby food, skin care, and tea businesses. EXPLORING PURE PROTEIN SALE: Early this month, UBS analyst Steven Strycula reminded investors that Hain Celestial is exploring the sale of its Pure Protein asset, which he believes will enhance the company's strategic value. Strycula also lowered his price target to $28 from $31. Hain's CEO Irwin Simon suggested to The Deal a little more than a week ago, that the company could be sold down the road because "we're probably not the best guys to take it to the next level." U.S. TURNAROUND DELAYED: Earlier today, Hain Celestial's price target was lowered to $30 from $38 at Loop Capital. Analyst Andrew Wolf lowered his price target for Hain Celestial to $30 citing the company's Q3 EBITDA miss and guidance cut. A potential U.S. turnaround appears to have been deferred to fiscal 2019, Wolf told investors in a post-earnings research note. He kept a Hold rating on the shares. PRICE ACTION: Shares of Hain are up fractionally to $28.20 per share heading into the close.

15:06 EDT Fiat Chrysler recalling about 240,000 older-model SUVs in U.S. - FCA US announced it is voluntarily recalling an estimated 239,904 older-model SUVs in the U.S. to replace their rear lower control arms. Water may accumulate inside the components, making them subject to corrosion and, potentially, fracture. Such a condition may compromise driver-control. FCA US is aware of a single potentially related accident, but no related injuries. The campaign affects certain 2004-2007 Jeep Liberty SUVs, which are no longer in production. Additional vehicles are being recalled in Mexico and certain markets outside the NAFTA region.

14:46 EDT Acxiom rises after said to attract buyout interest - Acxiom (ACXM), which previously announced that it would restructure into two divisions and explore strategic alternatives for the Marketing Solutions segment, is seeing its shares jump after Dealreporter said financial sponsors have shown interest in pursuing a full buyout. The report, which cites three sources briefed on the matter, said suitors have placed bids for Marketing Solutions, but are also "running the numbers on other ideas, including bidding for all of Acxiom." Following the report, shares of Acxiom are up 32c, or 1.2%, to $27.06.

14:26 EDT Alcoa, Rio Tinto announce 'world's first' carbon-free aluminum smelting process - Alcoa (AA) and Rio Tinto (RIO) announced what the companies called "a revolutionary process to make aluminum that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process." To advance larger scale development and commercialization of the new process, Alcoa and Rio Tinto are forming Elysis, a joint venture company to further develop the new process with a technology package planned for sale beginning in 2024. Elysis, which will be headquartered in Montreal with a research facility in Quebec's Saguenay-Lac-Saint-Jean region, will develop and license the technology so it can be used to retrofit existing smelters or build new facilities. Canada and Quebec are each investing C$60M in Elysis. The provincial government of Quebec will have a 3.5% equity stake in the joint venture with the remaining ownership split evenly between Alcoa and Rio Tinto. Apple is providing an investment of C$13M. The company helped facilitate the collaboration between Alcoa and Rio Tinto on the carbon-free smelting process, and Apple has agreed to provide technical support to the JV partners. Alcoa and Rio Tinto will invest C$55M cash over the next three years and contribute specific intellectual property and patents. The patent-protected technology, developed by Alcoa, is currently producing metal at the Alcoa Technical Center, near Pittsburgh in the United States, where the process has been operating at different scales since 2009. The joint venture intends to invest up to C$40M in the United States, which would include funding to support the supply chain for the proprietary anode and cathode materials.

14:07 EDT Viveve appoints Scott Durbin CEO - Viveve Medical announced that Scott Durbin has been appointed as the company's CEO, effective immediately. Durbin, a seasoned healthcare executive and the company's former CFO, will also join the board. Durbin's appointment follows Patricia Scheller's decision to step down from her position as CEO to pursue other personal and business opportunities. Scheller will remain on the Viveve board.

13:20 EDT Evolent Health rises after posting adjusted profit in Q1 - Shares of Evolent Health are moving higher after the company last night reported Q1 adjusted earnings per share of 2c, versus Bloomberg's consensus estimate for a loss per share of (4c). The company's Q1 adjusted revenue of $144.4M topped the Bloomberg consensus of $140.85M. Frank Williams, CEO of Evolent, said in the earnings release, "We are pleased with our first quarter results and our strong start to 2018. We continue to see clear interest and momentum within both the Medicare and Medicaid segments of the market as providers look to enter into and improve on their performance in value-based care arrangements." The company now expects full year 2018 adjusted revenue to be in the range of approximately $565M-$585M. The consensus estimate is $578M, according to Bloomberg. 2018 adjusted EBITDA is expected to be in the range of approximately $18M-$23M. Bloomberg data shows the consensus EBITDA forecast to be $21.05M. Shares of Evolent Health are up $1.95, or 11.75%, to $18.55 in afternoon trading.

12:54 EDT Georgia Power announces latest milestones at Vogtle expansion - Georgia Power announced the latest milestones at the Vogtle nuclear expansion near Waynesboro, Georgia. Over the past week, workers placed the four main step-up transformers, each weighing 420,000 pounds, inside the Unit 4 transformer bays located near the unit's turbine building. The transformers will increase the voltage produced by the turbine generators from 26,000 volts to 500,000 volts before the energy flows to the state's power grid to serve hundreds of thousands of customers. Teams also completed a significant concrete placement inside the Unit 4 containment vessel, clearing the path for installation of the first floor module for the unit, CA32.

12:46 EDT Talos Energy completes strategic combination with Stone Energy - Talos Energy (TALO) announces the completion of the previously announced strategic combination between Talos Energy LLC and Stone Energy (SGY). The combined company commenced trading today on the New York Stock Exchange under the new ticker symbol "TALO". The company expects to provide detailed financial and operational guidance in the coming weeks, which will be included in a separate announcement; however, at the closing, Talos has liquidity of $450.0M, inclusive of approximately $150.0M of cash on hand, net of transaction related costs; and pro forma year-end 2017 2P reserves, at SEC pricing, of approximately 205 MMBoe, of which approximately 150 MMBoe were proved reserves.

12:13 EDT Spotify to remove 'Hate Content' from platform under new policy - Spotify announced a new policy on what it calls "Hate Content and Hateful Conduct." The company said it does not tolerate hate content on its platform, namely "content that expressly and principally promotes, advocates, or incites hatred or violence against a group or individual based on characteristics, including, race, religion, gender identity, sex, ethnicity, nationality, sexual orientation, veteran status, or disability." "When we are alerted to content that violates our policy, we may remove it (in consultation with rights holders) or refrain from promoting or playlisting it on our service," Spotify said. "It's important to us that our values are reflected in all the work that we do, whether it's distribution, promotion, or content creation." Spotify added that, to help it identify such content, it has partnered with rights advocacy groups, including The Southern Poverty Law Center, The Anti-Defamation League, Color Of Change, Showing Up for Racial Justice, GLAAD, Muslim Advocates, and the International Network Against Cyber Hate. The company also built an internal content monitoring tool, Spotify AudioWatch, which identifies content on the platform that has been flagged as hate content on specific international registers. Reference Link

11:29 EDT Gogo CEO Thorne buys 187,529 shares - Gogo CEO Oakleigh Thorne acquired 187,529 shares of Gogo common stock at an average price of about $5.30 on May 9, according to a regulatory filing.

11:03 EDT 3D Systems, Huntington Ingalls partner for U.S. Navy shipbuilding - 3D Systems (DDD) announced its collaboration with Huntington Ingalls Industries' (HII) Newport News Shipbuilding division to qualify metal additive manufacturing technologies to build naval warships. Newport News Shipbuilding is the sole designer, builder and refueler of U.S. Navy aircraft carriers and one of two providers of U.S. Navy submarines. Through this collaboration, they will move portions of their manufacturing process from traditional methods to additive, anticipating enhanced production rates of high accuracy parts with reduced waste, and potential for significant cost savings over other traditional production processes. The first milestone in this agreement was achieved with 3D Systems delivering and installing a ProXDMP 320 3D metal printer at Newport News Shipbuilding's site. Newport News plans to use the ProX DMP 320 - designed for precision metal 3D printing - to produce marine-based alloy replacement parts for castings as well as valves, housings and brackets - for future nuclear-powered warships. With the ProX DMP 320 as the foundation, the companies are already developing new additive manufacturing technologies to further enhance part production.

11:00 EDT Exelixis, Roche slide after colon cancer drug fails to meet primary study goal - Shares of Exelixis (EXEL) and partner Roche (RHHBY) are under pressure this morning after the companies announced that the Phase 3 IMblaze370 trial did not achieve statistical-significance on the primary efficacy endpoint evaluating the ability of a combination of a MEK inhibitor and anti-PD-L1 to improve overall survival in patients with microsatellite stable metastatic colorectal cancer. FAILED TO MEET PRIMARY ENDPOINT: Exelixis announced that IMblaze370, the phase 3 pivotal trial of atezolizumab, an anti-PDL1 antibody discovered and developed by Genentech, a member of the Roche Group, and cobimetinib, an Exelixis-discovered MEK inhibitor, did not meet its primary endpoint. Genentech, Exelixis' collaborator and sponsor of the IMblaze370 trial, informed the company that the combination of atezolizumab and cobimetinib did not deliver an improvement in overall survival, or OS, versus regorafenib. The IMblaze370 trial evaluated the combination in patients with difficult-to-treat, locally advanced or metastatic colorectal cancer whose disease had progressed or who were intolerant to at least two systemic chemotherapy regimens. The safety profile for the combination appeared consistent with the known safety profile of each individual medicine, and no new safety signals were identified with the combination. Genentech will further examine results from IMblaze370 and plans to present the data at an upcoming medical meeting. PULLBACK CREATES 'INTERESTING' ENTRY POINT: Commenting on the announcement, Stifel analyst Stephen Willey told investors that the absence of any granular statistical information from Roche is unsurprising but now establishes a scenario whereby OS data from this "very underpowered" trial fails to achieve statistical significance but still could be viewed as clinically meaningful. As a result, improved powering and perhaps an improved combination of drugs might be able push the MEK/PD-1 hypothesis across the threshold of statistical significance in both MSS mCRC and other tumor types, he contended. The analyst noted that Exelixis management indicated additional trials evaluating the combination of cobimetinib/atezolizumab in other tumor types remain ongoing and unchanged, and argued that attrition in the shares may create an "interesting entry point." Additionally, Willey told investors that he anticipates to see weakness materialize in Array BioPharma (ARRY), as it also has Phase 1/2 development collaborations in place with both Bristol-Myers (BMY) and Merck (MRK) evaluating the MEK/PD-1 hypothesis in earlier-lines of MSS mCRC. Meanwhile, his peer at Piper Jaffray lowered his price target for Exelixis to $29 from $33 after IMblaze370 missed the primary endpoint of OS. However, analyst Edward Tenthoff pointed out that the data does not impact two ongoing Phase 3 trials of cobimetinib and Tecentriq in BRAF-mutant melanoma. Tenthoff reiterated an Overweight rating on Exelixis shares. PRICE ACTION: In late morning trading, shares of Exelixis have dropped 11% to $19.31, while Roche's stock trading in New York has slipped 2% to $27.52. Meanwhile, shares of Array have gained about 3% to $14.08.

10:23 EDT Macy's drops as analyst says sell with company moving too slowly to close stores - Shares of Macy's (M) are slipping after Morgan Stanley analyst Kimberly Greenberger downgraded the stock to Underweight, a sell-equivalent rating, citing the retailer's ongoing negative store-only comparable sales and continued decline in return on invested capital, or ROIC. SELL MACY'S: In a research note on the retail space, Morgan Stanley's Greenberger downgraded Macy's to Underweight from Equal Weight, citing its ongoing negative store-only comparable sales and continued decline in ROIC. The analyst told investors Macy's appears overvalued relative to its negative store comps and changes in ROIC. Despite closing stores proactively, store-only comps remain negative and Greenberger forecasts them to remain so in the future, eroding ROIC. Expense cuts, real estate monetization, and secondary growth initiatives are encouraging, but the market may need to see core retail EBIT stabilization and a return to strong cash flow generation in order to become more constructive on the stock, the analyst contended. Macy's is closing stores, but it is not doing so quickly enough, believes Greenberger. The analyst lowered her price target on Macy's shares to $25 from $27. RETAIL SPACE: Morgan Stanley's Greenberger noted that retailers have slowed store expansion materially, with only a few expanding - highlighting Dick's Sporting (DKS) and Nordstrom (JWN) - despite weak organic sales. Capital returns remain pressured despite better capital decisions, she contended. The analyst pointed out that e-commerce sales are accounting for a greater percentage of reported comp growth, and she expects it to continue to drive the "lion's share" of retailer growth. Overall, Greenberger told investors that a key finding in her work is e-commerce resilient companies have posted better capital returns because they have stronger store-only comps. Additionally, the analyst argued that ROIC expansion will be increasingly difficult for some over the next few years due to elevated capital expenditures on existing stores, IT, and the supply chain; rising sales penetration of margin-dilutive e-commerce; and declining free cash flow, and with it, share repurchases. This means investors need to be more selective in the retail landscape, she added. Greenberger is incrementally cautious on Tractor Supply (TSCO) and AutoZone (AZO) given elevated square footage growth despite growing e-commerce sales and increased competitive risk from e-tailers, potential ROIC/margin erosion beyond 2018, and above-average valuation relative to expected change in ROIC. On the other hand, she is incrementally positive on TJX (TJX), Burlington Stores (BURL), and Ross Stores (ROST) given consistent positive store comps and ongoing increases in ROIC. PRICE ACTION: In morning trading, shares of Macy's have dropped nearly 6% to $28.38.

10:06 EDT Inscape, West Elm finalize termination of partnership - Inscape announces that, further to its press release dated March 1, it has entered into a termination agreement with Williams-Sonoma on behalf of its west elm brand, with an effective date of May 9. The parties have agreed to all of the terms, conditions and responsibilities, including transfer of the Kentwood, MI warehouse to Williams-Sonoma, on May 9.

09:28 EDT Charles River says it is 'confident' it can take share in China market - Says opened new facility outside of Shanghai, China. Says will continue to invest in and out of that area as China is an expansion play for the company. Says competition continues to be government backed organizations, but confident company can take share in that rapidly growing market. Says will slowly acquire capabilities in China that mirrors the U.S. and Europe portfolios.

09:21 EDT Stone Energy trading halted, news dissemination

09:12 EDT Switch's Pyramid data center selected by CMS Energy - Switch (SWCH) has signed a large colocation deal with Consumers Energy (CMS), selling out 90% of the second sector of the Switch Pyramid data center ahead of schedule. Work has already begun on the build-out of the next sector of the Pyramid data center. Consumers Energy provides 100% renewable energy to Switch's Pyramid Campus, and now Consumers Energy is housing their mission-critical data in Switch's Tier 5 Platinum data center ecosystem.

09:05 EDT Tecogen announces European Patent Office intent to grant patent for Ultera - Tecogen has been notified by the European Patent Office of its intent to grant a patent for Tecogen's Ultera emissions technology. This patent will give Tecogen exclusive control over the Ultera technology in markets in Europe where Tecogen files for national protection, including the United Kingdom, Ireland, France, and Germany, which are markets where Tecogen hopes to commercialize the Ultera technology. This patent supplements Tecogen's portfolio of Ultera technology patents and patents-pending in numerous other markets, including the United States.

09:04 EDT Bluegreen Vacations announces fee-based service agreement with Marquee Developer - Bluegreen Vacations Corporation announced a fee-based service agreement with Marquee Developer, owner and developer of The Marquee, in New Orleans, Louisiana. The building, located in the heart of New Orleans' historic theater district, currently operates as apartment homes and is expected to be a fully operational vacation ownership resort in the second quarter of 2019. Under the agreement, Bluegreen will provide a suite of fee-based services that include: vacation ownership sales and marketing, property management, and title and escrow services. Bluegreen will also provide the design and development planning as well as consumer receivable servicing for the Marquee Developer, also on a fee-basis. Marquee Developer is an affiliate of Second City Resorts LLC and I-Drive Resorts LLC, with whom Bluegreen has existing fee-based service relationships associated with resorts in Chicago and Orlando. This agreement will add approximately 94 units of resort inventory which will be sold through The Bluegreen Vacation Club. Additionally, Bluegreen has plans to add frontline and in-house sales centers in The Marquee by converting the building's 5,800 square foot commercial space on the ground floor into a frontline sales center. The Company also has plans to convert one unit within the resort into an in-house sales facility to service existing owners. The sales centers are expected to be operational by fourth quarter 2018.

09:03 EDT Diana Shipping announces time charter contract for M/V San Francisco with Koch - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco. The gross charter rate is $24,000 per day, minus a 5% commission paid to third parties, for a period of approximately ten months to approximately twelve months. The charter is expected to commence on May 13, 2018. The m/v San Francisco is currently chartered, as previously announced, at a gross charter rate of $11,750 per day, minus a 5% commission paid to third parties.

09:02 EDT IBM collaborating with North Carolina State University on quantum computing - IBM announced that North Carolina State University will join the IBM Q Network as the first university-based IBM Q Hub in North America. The university will work directly with IBM to advance quantum computing and industry collaborations, as part of the IBM Q Network's growing quantum computing ecosystem. A collaboration of leading Fortune 500 companies, academic institutions and national research labs, the IBM Q Network provides early access to IBM Q commercial quantum computing systems, via the IBM Cloud, with the goal of exploring practical applications important to business and science.

08:59 EDT Finjan Holdings announces $10M share repurchase program - Finjan Holdings announced that the company's board has authorized a share repurchase program of Finjan's outstanding common stock of up to $10M.

08:52 EDT Scorpio Tankers trading resumes

08:51 EDT Capstone Turbine secures follow-on order for C1000 Signature Series microturbine - Capstone Turbine announced another follow-on order for a C1000 Signature Series microturbine to power a gas compression station in the Midwest. Horizon Power System, Capstone's longtime distributor, secured the order.

08:47 EDT MySize files smartphone measurement patent applications in seven markets - MySize has filed patent applications for its latest technology titled "A system for and a method of measuring using a handheld electronic device" in seven key markets including the U.S., Europe, Russia, Japan, Australia, China, and Israel. These applications were filed through the Patent Cooperation Treaty and the company plans to file the same patent application in numerous additional countries that participate in the PCT.

08:43 EDT Shell Midstream to buy Shell's ownership stake in Amberjack Pipeline for $1.22B - Shell Midstream Partners (SHLX) entered into a purchase and sale agreement to acquire Shell's (RDS.A) ownership interest in Amberjack Pipeline Company LLC, which is comprised of 75% of Amberjack Series A and 50% of Amberjack Series B for $1.22B. Shell Midstream Partners' share of Amberjack's annualized net income estimated using the second quarter of 2018 forecast is nearly $120M with the second quarter dividend estimated to be about $34M. Following the completion of anticipated growth projects, our share of Amberjack's net income is expected to increase to an annual run rate of approximately $145M by the end of 2018 with an associated quarterly dividend of approximately $40M. Shell Midstream Partners plans to fund this acquisition with borrowings under existing credit facilities. The acquisition is expected to close on or around May 11, 2018, subject to customary closing conditions. "I'm pleased to announce our largest acquisition to date. This is a significant milestone for Shell Midstream Partners. The Amberjack pipeline is strategically located to capture value in a prolific area in the Gulf of Mexico and represents another key corridor that is set to benefit from organic growth. This acquisition, combined with our equity raise earlier in the year, further demonstrates our ability to deliver against our promises and positions us well for the future," said Shell Midstream CEO Kevin Nichols.

08:39 EDT Wells Fargo says 'on track' for $4B in expense reductions - Wells Fargo investor day presentation slides state: "We expect efficiency initiatives will reduce expenses by $2 billion annually by year-end 2018 and that those savings support our investment in the business. We expect an additional $2 billion in annual expense reductions by the end of 2019."

08:37 EDT Wells Fargo CFO doesn't see need to grow balance sheet near-term - In investor day presentation slides, Wells Fargo CFO John Shrewsberry stated: "With nearly $2.0 trillion in total assets we believe we can meet our customers' financial needs and continue to deliver strong results without growing the balance sheet near term." The CFO said the bank is achieving compliance with the Consent Order's asset cap and maintaining liquidity and other financial risk management targets while minimizing the impact to customers, minimizing adverse long-term strategic effects and maintaining its financial risk discipline. On the asset cap, he added: "The earnings impact was nominal in 1Q18, but is expected to modestly increase in subsequent quarters; we estimate that the net income after tax impact in 2018 will be less than $100M, as loan and deposit growth is below previous expectations and therefore the expected asset cap management actions are less than initially anticipated."

08:34 EDT Wells Fargo sees 2018 net interest income 'relatively stable' - In investor day presentation slides, Wells Fargo CFO John Shrewsberry stated: "Net interest income expected to be relatively stable in 2018 as projected higher interest rates are offset by lower earning assets and anticipated increases in deposit costs, but results will be influenced by a number of factors including the absolute level of rates, steepness of yield curve, earning asset mix, and the competitive landscape for loan and deposit pricing." For 2018, deposit service charges are expected to decline on the full year impact of customer-friendly changes to deposit account fees and card fees are expected to increase in line with customer growth and usage, partially offset by credit card reward costs. The bank expects mortgage banking fee income to be under pressure in a rising rate environment, but higher mortgage servicing should partially mitigate origination headwinds, it said.

08:31 EDT T. Rowe Price reports preliminary AUM $1.02T at April 30 - Client transfers from mutual funds to other portfolios, including trusts and separate accounts were $2.5B and $11.4B for the month-ended and year-to-date period ended April 30, 2018, respectively.

08:17 EDT HTG Molecular to feature HTG EdgeSeq Precision Immuno-Oncology Panel at ASCO - HTG Molecular Diagnostics announced that it will feature its HTG EdgeSeq Precision Immuno-Oncology Panel at the American Society of Clinical Oncology, or ASCO, Conference being held in Chicago, IL on June 1-5, 2018. "We are very excited to introduce our new HTG EdgeSeq Precision Immuno-Oncology Panel at the 2018 ASCO conference. Our Panel has been designed to simplify complex tumor biology and accelerate the development of clinical biomarkers. As Immuno-Oncology matures as a field, it is critical that translational tools evolve with the science to address immunotherapy acquired resistance or lack of response seen in broader cancer patient populations," said Mark Stern, Vice President of Immuno-Oncology at HTG. "We have designed this panel to facilitate the molecular subtyping of tumors, allowing for the potential stratification of cancer into biological sub-groups, which might be sensitive to newly developed combination treatments. The new panel builds on HTG's existing portfolio of assays, which leverage next-generation sequencing, or NGS, to advance precision oncology."

08:13 EDT Eaton, SFGW announce joint venture to make commercial vehicle transmissions - Eaton and Shaanxi Fast Gear, or SFGW, announced they have signed a joint venture agreement to manufacture manual transmissions for light-duty commercial vehicles. The formation of the joint venture is subject to regulatory approvals and customary closing conditions. The planned joint venture will develop, manufacture, sell, and service manual transmissions for the large and fast growing light-duty truck market in China. In addition, the joint venture will sell its products throughout the rest of Asia-Pacific, Eastern Europe, and Africa. SFGW, headquartered in Xi'an, China, will own a 51% interest in the new joint venture. Eaton will own a 49%t interest. Eaton and SFGW are currently partners in a joint venture, Fast Eaton Clutch, that develops, manufactures, and services clutches and associated clutch components in China.

08:12 EDT Kingfisher Midstream, BKEP, Ergon announce pipeline construction - Kingfisher Midstream, a wholly owned subsidiary of Alta Mesa Resources (AMR), Blueknight Energy Partners (BKEP) and affiliates of Ergon, announced the execution of definitive agreements to form Cimarron Express Pipeline. The venture will include the construction and operation of a new crude oil pipeline serving STACK producers in central Oklahoma with a new 65-mile, 16-inch crude oil pipeline extending from northeastern Kingfisher County, Oklahoma, to BKEP's Cushing, Oklahoma, crude oil terminal. The pipeline will provide direct market access at Cushing for producers and will have an initial capacity of 90,000 barrels per day, expandable to over 175,000 barrels per day. The new pipeline is expected to be completed in mid-2019. The ownership of Cimarron Express will be 50% Kingfisher Midstream and 50% Ergon. Ergon, owner of the general partner of BKEP, will hold its ownership in Cimarron Express through a newly created, wholly owned subsidiary, ERGON - OKLAHOMA PIPELINE. Ergon and BKEP also entered into an agreement that gives each party rights concerning the purchase or sale of Devco, subject to certain terms and conditions. Concurrent with the formation of Cimarron Express, Alta Mesa executed a long-term acreage dedication and transportation agreement with Cimarron Express, which incorporates approximately 120,000 net acres in Kingfisher and Garfield counties. Under the terms of the agreement, BKEP will construct and operate the pipeline. Also, BKEP will continue to operate its existing crude oil storage facilities in Cushing, Oklahoma. The receipt terminal for the newly constructed Cimarron Express pipeline will be located at Kingfisher Midstream's crude oil storage facility located in northeastern Kingfisher County. The pipeline will connect to Kingfisher Midstream's crude oil gathering system and truck unloading facilities at the Kingfisher Midstream crude oil facility.

08:10 EDT Legg Mason reports preliminary AUM approximately $752.3B as of April 30 - This month's AUM included net long-term inflows of $1B, driven by net inflows in fixed income of $1.3B, partially offset by net outflows in equity of $0.2B and alternative of $0.1B. Alternative AUM reflects $0.1B of realizations. Liquidity net inflows were $2.7B and this month's AUM included a negative foreign exchange impact of $3B.

08:08 EDT Canadian Pacific raises quarterly dividend 15.5% to C$0.65 per share - The dividend is payable on July 30 to holders of record at the close of business on June 29, and is an "eligible" dividend for purposes of the Income Tax Act and any similar provincial/territorial legislation. The company also announced that it has completed its normal course issuer bid announced on May 10. CP purchased 4,384,062 common shares at a weighted average price of $214.31. In total, CP has repurchased 35.32M of its common shares since 2014. This represents approximately 25% of its public float, as at March 31, 2018.

08:07 EDT American Capital Senior Floating announces liquidation, dissolution plan - American Capital Senior Floating announced today that the Company's Board of Directors has determined, after conducting a strategic review, that it is in the best interest of the Company and its stockholders to initiate a plan of liquidation and dissolution that includes the sale of all or substantially all of the Company's assets and the distribution of the net proceeds to the Company's stockholders, after which the Company will be dissolved. Accordingly, the Company's Board has approved a Plan of Complete Liquidation and Dissolution of the Company, which must be approved by the Company's stockholders. The Company intends to hold a special meeting of stockholders to seek approval of the Plan and has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission today. If the Company's stockholders approve the Plan, the Company intends to, among other things, convert all or substantially all of its assets into cash, pay all of the Company's other known liabilities and make provisions for contingent liabilities, and make one or more distributions to its stockholders of cash available for distribution. Based on the fair value of our portfolio as of March 31, 2018, the company currently estimates that, following the sale of the Company's portfolio assets and after deducting for estimated expenses in connection with the liquidation and dissolution of the Company and the payment of all of the Company's estimated other liabilities, the aggregate amount of distributions received by each stockholder will be between 97% to 99% of the Company's net asset value per share as of March 31, 2018 of $13.11

08:05 EDT Myomo reaffirms expectations for 2018 revenue growth - Myomo issued a letter to shareholders to give an update on first quarter 2018 and ongoing MyoPro commercial activities. the company said, "Welcome to the third edition of our Investor Relations digital shareholder letter as we continue to keep you informed about Myomo's progress. We are deploying our growth capital into four initiatives for revenue growth: increased sales and marketing; new product development; clinical studies and reimbursement support; and international expansion. At the end of the first quarter, we see a growing number of potential MyoPro users interested in obtaining a device and a larger number of clinicians who are referring patients to our O&P partners. Therefore, we reaffirm our expectations for 2018 revenue growth to exceed year ago reported levels. And in recent months, we have hired additional field sales and clinical support staff, established additional MyoPro Centers of Excellence to expand the number of locations that distribute our products; and initiated an active program of new Marketing activities, such as free patient screening days in collaboration with our clinical partners to evaluate patients for the MyoPro. We are on target with our initiatives to serve the large, unmet market need for upper limb paralysis. With MyoPro as the only commercially available orthotic device for the arm and hand, our objective is to become the standard of care to address this need. Thank you for your investment in MYO shares. We appreciate your support as we grow the business and create shareholder value over time."

08:04 EDT CynergisTek announces Arkansas Children's Hospital expands its relationship - CynergisTek announced that Arkansas Children's Hospital has expanded its relationship, adding on additional privacy and cybersecurity services. Specifically, Arkansas Children's will now leverage CynergisTek's compliance assist partner program, or CAPP. The pediatric hospital already engages with CynergisTek for its managed print dervice program. Arkansas Children's first contracted with CynergisTek in 2015 for its HIPAA risk assessment program to identify security and privacy vulnerabilities, as well as assist in ensuring compliance with HIPAA and meaningful use regulations. The provider organization then adopted the company's MPS program in 2017 to develop and execute a tailored approach to optimize its print environment, which includes nearly 1,000 devices, while reducing excess costs and inefficiencies across the organization. Arkansas Children's also announced it is leveraging another one of CynergisTek's managed services, its CAPP offering, which provides privacy, security, and compliance expertise to refine these programs through routine assessments, testing, and ongoing advisory services.

08:02 EDT Genocea continues to explore strategic alternatives for GEN-003 - Genocea continues to explore strategic alternatives for GEN-003, its Phase 3-ready investigational immunotherapy for the treatment of genital herpes.

07:58 EDT Ultra Petroleum increases FY18 annual production guidance to 285-295 Bcfe

07:51 EDT Wells Fargo announces Pay with Wells Fargo mobile app tool - Wells Fargo & Company announced Pay with Wells Fargo, which will bring to the app's home screen an option for customers to conveniently select their most commonly used payment features like Zelle, mobile wallets, Card-Free ATM Access Code and transfers, even before signing into the app. Pay with Wells Fargo is the first phase of a longer-term reinvention of Wells Fargo's mobile banking experience, aimed at meeting all of our customers' financial needs in a simple, easy-to-use, and customer-driven mobile experience. From the new screen, customers can more simply select the feature they want to use and authenticate to immediately send payments, transfer money, or make a purchase with a digital wallet. In a future enhancement, Wells Fargo plans to launch a feature where customers also will be able to donate money to their favorite charities and non-profits directly from the mobile experience. Pay with Wells Fargo will be piloted with Wells Fargo team members next month and piloted with customers later this year.

07:43 EDT SL Green Realty acquires leasehold interest at 2 Herald Square property - SL Green Realty announced it was the successful bidder for the leasehold interest at 2 Herald Square, at the foreclosure of the asset. The company has also reached an agreement to joint venture the asset with an Israeli-based institutional investor, subsequent to closing on the acquisition. The asset 2 Herald is a 369,000 square foot office and retail asset in one of Manhattan's busiest submarkets. Foot traffic along the 34th Street corridor, driven from Penn Station exceeds 100M people per annum.

07:38 EDT Penske Automotive increases dividend 2.9% to 35c per share - Penske Automotive has approved an increase in the cash dividend to 35c per share for Q2 from 34c. The dividend is payable on June 1 to shareholders of record on May 21.

07:36 EDT American Capital Senior Floating trading halted, news dissemination

07:35 EDT Evoke Pharma granted patent in Mexico for Gimoti - Evoke Pharma announced that the Mexican Institute of Industrial Property has issued a Notice that it intends to grant Mexican Patent Application MX/a/2014/002125 for Gimoti, covering uses of metoclopramide for intranasal delivery for the treatment of symptoms associated with diabetic gastroparesis specifically for women.

07:34 EDT VBI Vaccines announces 'positive' final Phase 1 study results for VBI-1501 - VBI Vaccines announced positive final top-line results from the randomized, placebo-controlled Phase 1 study of VBI-1501, the company's prophylactic cytomegalovirus vaccine candidate. VBI-1501 was developed using the company's proprietary enveloped virus-like particle technology and presents a modified form of the glycoprotein B found on CMV. The final Phase 1 study results demonstrated that VBI-1501 was safe and well-tolerated at all doses. The highest dose of VBI-1501, 2.0mug, elicited protective CMV-neutralizing antibodies against fibroblast cell infection in 100% of subjects after the third vaccination, inducing titers comparable to those observed in patients protected as a result of natural infection. Neutralizing antibodies against epithelial cell infection were also seen in 31% of subjects receiving the same dose.

07:30 EDT Eli Lilly to acquire Armo BioSciences for $50 per share, or about $1.6B

07:27 EDT Rexford Industrial acquires two properties for $127M, sells two for $9.1M - Rexford Industrial acquired two industrial properties for a total investment of $127.1M and the disposition of two properties for $9.1M. The acquisitions were funded through a combination of cash on hand, disposition proceeds and use of Rexford's existing line of credit. In an off-market acquisition, the cCompany acquired 5300 Sheila Street, located in Commerce, within the Los Angeles - Central submarket, for $121.0M or $174 per square foot. This exceptional infill property contains a 100% leased, 695,120 square foot industrial building situated on 35.83 acres of land. The property is leased at a below-market rent on a long-term triple-net lease to a high-quality, credit tenant. Rexford also acquired 1190 E. Stanford Court, located in Anaheim, for $6.08M or $176 per square foot. The property is 100% leased to a single tenant with in-place rents estimated to be 30% below-market. Rexford intends to implement functional and cosmetic upgrades and to roll the below-market in-place rent to higher market rent when the existing lease expires in approximately two years. In addition, the company sold 1910 and 1920 S. Archibald Avenue, located in Ontario, within the Inland Empire -- West submarket, for $9.05M or $116 per square foot. The buildings were widely marketed and sold at values in excess of the prices originally underwritten at the time of the portfolio purchase.

07:24 EDT Tribune Media CEO says 'off to a strong start in 2018' - "Tribune Media is off to a strong start in 2018 with first quarter revenues up one percent and consolidated Adjusted EBITDA more than doubling year-over-year," said Peter Kern, Tribune Media's CEO. "Our new strategy at WGN America, our sustained focus on overall expense management, and our very strong growth in retransmission and carriage fee revenues, are driving meaningful improvements in profitability across the company. These improvements more than offset the anticipated headwinds to core advertising due to the soft overall advertising environment and our limited exposure to Olympics and Super Bowl advertising. When adjusted for the substantial impact of core advertising dollars shifting into the Olympics and a challenging Super Bowl comparison to last year, we estimate that first quarter core advertising revenues were down in the low single digit percentage range year-over-year. As we continue to move toward closing our previously announced merger with Sinclair, the company maintains an aggressive focus on profitability. At WGN America, our new programming strategy has produced solid audience growth and made the network a significant contributor to consolidated Adjusted EBITDA. Additionally, corporate expenses were down double-digits year-over-year. Finally, while we expect to generate the majority of our political advertising revenue in the second half of the year, the momentum of political spending we saw in the first quarter is very encouraging. As we move deeper into 2018, we are well positioned to execute on our strategy and remain committed to delivering value for our shareholders, advertisers and the communities we serve."

07:17 EDT Navigant announces agreement with Engine Capital to end proxy contest - Navigant announced that it has entered into an agreement with Engine Capital to end its current proxy contest. As part of the agreement, the Board has approved an expansion of the company's share repurchase authorization to $175M and will target repurchasing shares in that amount by the end of 2020 as part of a longer-term capital return program. The authorization replaces the previous share repurchase authorization under which approximately $52M remained as of March 31, 2018. Engine Capital has agreed to withdraw its slate of director nominees for election at the 2018 Annual Meeting of Shareholders, to vote for all of Navigant's director nominees, and to customary standstill and related provisions. The complete agreement between Navigant and Engine Capital will be included as an exhibit to the Company's Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission.

07:08 EDT Fusion Telecommunications to acquire MegaPath - Fusion announced that it has signed a definitive agreement to acquire privately-held MegaPath Holding Corporation. Based in Pleasanton, California, MegaPath provides a robust, fully-integrated suite of cloud services including Unified Communications as a Service, cloud computing, security, SD-WAN and cloud connectivity. The transaction is valued at under 5.0x pro forma adjusted EBITDA including anticipated cost synergies realized within 12 months of closing. Total consideration in the transaction is $71.5M. Up to $10.0M of the consideration is payable at Fusion's election in unregistered shares of Fusion common stock priced at $5.78 per share. Fusion intends to fund the cash portion of the consideration via borrowings under its First Lien Senior Secured Credit Facility, $62.0M of which is currently held in escrow for this acquisition. The transaction is expected to close within the next 90 days, subject to receipt of certain regulatory approvals and other customary closing conditions.

07:05 EDT MediWound on track to complete Phase 3 DETECT study recruitment mid-year - MediWound is currently on track to complete recruitment around mid-year 2018 in its Phase 3 DETECT Study of NexoBrid. Top-line data currently anticipated around year-end 2018.

06:55 EDT Ionis Pharmaceuticals trading halted, news pending

06:55 EDT Eagle Pharmaceuticals backs FY18 R&D expense view $46M-$50M

06:49 EDT Ligand reports commercial platform license agreement with KSQ Therapeutics - In a regulatory filing, Ligand Pharmaceuticals reported that on May 8 the company entered into a commercial platform license agreement, with KSQ Therapeutics, pursuant to which KSQ will be able to use Ligand's full OmniAb platform to discover antibodies. Ligand received an upfront payment and is eligible to receive annual platform access payments, development and regulatory milestone payments and single-digit royalties for each product incorporating an antibody discovered using the OmniAb platform. KSQ will be responsible for all costs related to its antibody development program.

06:46 EDT Histogenics sees cash position sufficient to fund operations into Q4

06:44 EDT Sharing Economy International enters into exclusivity agreement with OOB Media H - Sharing Economy International announced that its wholly-owned subsidiary, EC Creative Limited, has entered into an Exclusivity Agreement with OOB Media HK Limited, regarding the potential acquisition of 100% of the ordinary shares of OOB HK, which, in turn, effectively holds 60% of the ordinary shares of OOB Media. OOB Sichuan was established in 2008, and its headquarters is located in Shanghai. Its shares were listed on the National Equities Exchange and Quotations in Mainland China in 2015. OOB Sichuan is one of the leading multimedia and advertising companies in Mainland China, providing integrated solutions for product manufacturers and service providers to conduct their online marketing campaigns via a patent-pending Demand-Side Platform system. OOB Sichuan's operating revenue for fiscal years 2015, 2016 and 2017 was RMB49.6 million, RMB47.6 million and RMB 62.3 million respectively, and the corresponding net profit attributable to shareholders amounted to RMB22.4 million, RMB7.5 million and RMB6.3 million accordingly.

06:39 EDT Colony NorthStar reports AUM $43B as of March 31

06:34 EDT Energy XXI Gulf Coast announces proposed disposition of non-core assets - Energy XXI Gulf Coast, in conjunction with Orinoco Natural Resources and its affiliates, announced the entry into a term sheet for the disposition of EGC's current non-core asset portfolio. This disposition is expected to significantly reduce EGC's asset retirement liability, improve profitability and financial stability, lower its cost structure, and facilitate future growth. Highlights of the proposed transaction include: Transfers non-core EGC asset portfolio with significant plugging and abandonment and decommissioning burden to the Offshore Environmental Fund,, an affiliate of ONR; Increases EGC's estimated present value of proved reserves discounted at 10% by approximately $150 million to $461 million, which represents a nearly 50% increase, based on year-end 2017 SEC reserves and forward strip pricing as of April 24, 2018; Eliminates approximately $320 million of undiscounted P&A liability, which represents 33% of EGC's total undiscounted P&A liability Minimally impacts EGC's projected future cash flow and production from very low or negative margin properties being divested, which totals approximately 3,000 barrels of oil per day and 9.5 million cubic feet of natural gas per day, and includes about 6.7 million BOE of proved reserves of which 30% is natural gas; Reduces annual cash P&A expense $30 million to $40 million for the foreseeable future, and G&A costs by approximately $11 million per year; additional operating expense savings are anticipated; Provides potential for release of significant cash collateral due to the reduction in overall P&A obligations and associated bonding and cash collateral requirements, further enhancing EGC's liquidity; Enhances potential for future strategic transactions, including acquisition and consolidation opportunities in the U.S. Gulf Coast region, both offshore and onshore; Facilitates a potential financing to fund EGC's enhanced development program in 2019, which the term sheet contemplates would be led by an anchor $25 million commitment from ONR or its affiliates The non-core asset portfolio to be transferred to OEF consists of properties that have significant near-term P&A burden and limited cash flow and development upside. By comparison, the oil and gas properties that EGC would retain after the proposed divestiture are EGC's most valuable and profitable core central GOM fields, with strong current production, cash flow and multiple ongoing and future drilling opportunities. Under the terms of the proposed transaction, ONR would receive a 35% equity ownership position in EGC, pro forma for the transaction, and would have the right to designate for nomination members to serve on EGC's Board of Directors proportionate to ONR's equity ownership. EGC would also issue to OEF a $100 million, ten-year, second lien note amortized ratably beginning 2019, with 9% annual interest. Interest and amortization payments on this note are expected to be more than offset by the expected savings in cash P&A and G&A costs. Further, EGC would pay OEF upfront cash totaling $12.5 million at closing and an additional $12.5 million six months following the closing. The term sheet provides that OEF would be a self-sustaining entity with sufficient financial capability to assume all the P&A obligations and associated bonding obligations of the EGC non-core assets and associated liabilities that are to be transferred through the proposed transaction. In addition, EGC would sign a 10-year P&A services agreement for its core assets with EPIC Companies, a major P&A service provider in the U.S. Gulf of Mexico and an affiliate of ONR, on commercially reasonable terms and at market-supported rates.

06:12 EDT Total, Clean Energy announce broad agreement on natural gas heavy-duty trucks - Total (TOT) and Clean Energy Fuels (CLNE) announced that the two companies have entered into a broad strategic agreement to drive deployment of new natural gas heavy-duty trucks. Total has agreed to purchase up to 50.8M shares of Clean Energy's common stock for $83.4M, to become Clean Energy's largest stockholder with ownership of 25% of Clean Energy's outstanding shares of common stock. This transaction is subject to, among other things, Clean Energy obtaining the approval at its stockholders' meeting, which was originally scheduled for May 30, 2018 and which Clean Energy is announcing will be postponed to June 8, 2018. Clean Energy, with support from Total, also plans to launch an innovative leasing program that is intended to place thousands of new natural gas heavy-duty trucks on the road and fueling at Clean Energy stations. As presently contemplated, this program will allow fleets to begin driving heavy-duty trucks with the cleanest engine in the world at no increased cost compared to the diesel alternative, while also guaranteeing a discounted natural gas fuel price to diesel. Total intends to provide up to $100M of credit support for the program, which the companies expect to launch in Q3 2018.

06:03 EDT Prestige Brands announces new $50M share repurchase program

05:53 EDT Exelixis says Phase III IMblaze370 study did not meet primary endpoint - Exelixis (EXEL) announced that IMblaze370, the phase 3 pivotal trial of atezolizumab, an anti-PDL1 antibody discovered and developed by Genentech, a member of the Roche Group (RHHBY), and cobimetinib, an Exelixis-discovered MEK inhibitor, did not meet its primary endpoint. Genentech, Exelixis' collaborator and sponsor of the IMblaze370 trial, informed the company that the combination of atezolizumab and cobimetinib did not deliver an improvement in overall survival, or OS, versus regorafenib. The IMblaze370 trial evaluated the combination in patients with difficult-to-treat, locally advanced or metastatic colorectal cancer whose disease had progressed or who were intolerant to at least two systemic chemotherapy regimens. The safety profile for the combination appeared consistent with the known safety profile of each individual medicine, and no new safety signals were identified with the combination. Genentech will further examine results from IMblaze370 and plans to present the data at an upcoming medical meeting.

05:49 EDT Amazon Web Services says Ryanair moving infrastructure to AWS - Amazon Web Services, or AWS, an Amazon.com company (AMZN), announced that Ryanair (RYAAY) is moving its infrastructure to AWS-going all-in on the world's leading cloud-to transform the digital experience for its over 130 million customers, and plans to close the vast majority of its datacenters over the next three years. The leading European airline already runs several core production workloads on AWS, such as Ryanair Rooms and Ryanair.com, and is building a company-wide data lake on Amazon S3, leveraging Amazon Kinesis to gain deeper insights from customer and business data. Ryanair is rebuilding and transforming legacy systems into cloud-based, innovative customer travel services by standardizing on various AWS services, including AWS databases, analytics, machine learning, and deep learning services.

05:33 EDT Tronox enters option agreement to acquire majority of AMIC Jazan slag operations - Tronox announced it has entered into an Option Agreement with Advanced Metal Industries Cluster Company, or AMIC, to acquire 90% of AMIC's ownership in a titanium slag smelter facility located in The Jazan City for Primary and Downstream Industries in the Kingdom of Saudi Arabia. The execution of the Option Agreement occurred shortly after Tronox and AMIC entered into a Technical Services Agreement to provide certain technical assistance to AMIC to facilitate start-up of the Slagger. AMIC is equally owned by The National Titanium Dioxide Company Limited and National Industrialization Company, also known as Tasnee. As part of the Option Agreement, AMIC will create a special purpose vehicle, or SPV, incorporated in the Kingdom of Saudi Arabia and contribute its ownership interest along with $322M of debt currently held by AMIC. The company agreed to lend AMIC and the SPV up to $125M for capital expenditures and operational expenses to facilitate the start-up of the Slagger. These funds may be drawn down on a quarterly basis as needed based, on a budget agreed upon by the Company and AMIC. After completion of the acquisition of Cristal, but prior to exercise of the Option, Tronox and AMIC have agreed to supply one another, on commercial terms, ilmenite as a feedstock for the Slagger and titanium slag produced by the Slagger, respectively, to the extent available. Upon reaching the sustained operations of the Slagger as defined within the Option Agreement, Tronox will exercise the option to acquire a 90 percent ownership of the SPV. The total consideration payable by Tronox consists of the effective assumption of the AMIC Debt through ownership in the SPV, the $125 million loan described above, a working capital adjustment and an adjustment to accurately compensate AMIC for 10 percent of the outstanding liabilities of the SPV as of the closing. The Company and AMIC also have agreed that they will enter into a shareholders agreement relating to their respective rights and obligations as shareholders of the SPV.

05:22 EDT Aquinox announces licensing agreement for rosiptor with Astellas Pharma - Aquinox Pharmaceuticals (AQXP) and Astellas Pharma (ALPMY) announced an exclusive license agreement for Japan and certain other countries in the Asia-Pacific region for Astellas to develop and commercialize rosiptor, Aquinox's lead drug candidate, a first-in-class, once-daily oral treatment currently in Phase 3 clinical development for interstitial cystitis/bladder pain syndrome, or IC/BPS, in North America and Europe. Under the Agreement, Astellas will have the exclusive right to research, develop, and commercialize rosiptor for all human diseases and conditions in Japan and additional countries in the Asia-Pacific region, including major markets such as South Korea, Australia, Taiwan, Indonesia, and Malaysia, but excluding China and India. Aquinox will receive an upfront payment of $25M in connection with entry into the Agreement, and may also receive up to an additional $60M in development milestone payments and $70M in commercial milestone payments, as well as royalties on any future sales of rosiptor within the licensed territory.

05:19 EDT Costco reports April SSS up 10.9% - Reports April net sales up 13.1% to $10.81B. Reports April SSS, excluding the impacts from changes in gasoline prices and foreign exchange, up 7.3%.