Stockwinners Market Radar for September 26, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
FUL | Hot Stocks21:07 EDT H.B. Fuller reports Q3 adjusted EBITDA $120M, up 63% from last year - Adjusted gross profit margin3 of 28.7% increased 110 basis points compared with the prior year on a proforma basis including Royal2 in 2017, and increased 40 basis points sequentially, reflecting positive pricing contribution and raw material sourcing synergies.
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HSGX... | Hot Stocks19:10 EDT Fly Intel: After Hours Movers - HIGHER: Histogenics (HSGX) up 20% after FDA granted type C meeting for NeoCart Phase 3 trial... AutoZone (AZO) up 0.8% after authorizing additional $1.25B stock buyback... Cenovus (CVE) up 0.7% after signing oil transport deal in the Gulf Coast... PayPal (PYPL) up 0.6% after being initiated at Outperform at BMO Capital. DOWN AFTER EARNINGS: Bed Bath Beyond (BBBY) down 13.7%... Comtech Telecom (CMTL) down 12.1%. ALSO LOWER: Veru (VERU) down 8.8% after equity offering... ChemoCentryx (CCXI) down 7.2% after equity offering... BJ's Wholesale (BJ) down 1.6% after selling holder pricing offering at $26.
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LLY | Hot Stocks19:04 EDT Eli Lilly, Chugai enter into license pact for OWL833 - Chugai Pharmaceutical Co., Ltd. and Eli Lilly and Company today announced they have entered into a license agreement for OWL833, Chugai's oral non-peptidic GLP-1 receptor agonist. OWL833 is a Phase 1-ready asset that is being studied for the treatment of type 2 diabetes. Under the terms of the agreement, Lilly will receive worldwide development and commercialization rights to OWL833. Chugai will receive an upfront payment of $50M and is eligible for milestone payments based on achievement of certain predetermined milestones. If the molecule is successfully commercialized, Chugai would also be eligible for royalty payments. There will be no change to Chugai's consolidated financials forecast for the fiscal year ending December 2018 as a result of this transaction. This transaction will be reflected in Lilly's reported results and financial guidance according to Generally Accepted Accounting Principles. There will be no change to Lilly's 2018 non-GAAP earnings per share guidance as a result of this transaction. This transaction is subject to potential competition authority clearances and other customary closing conditions.
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NOC | Hot Stocks18:44 EDT Northrop Grumman names Ann Addison as Chief Human Resources Officer - Northrop Grumman announced that its board of directors has elected Ann Addison corporate vice president and chief human resources officer, effective Jan. 1, 2019. Addison will succeed Denise Peppard, who has announced her intention to retire in March 2019. Addison joins Northrop Grumman from Leidos, where she was executive vice president and chief human resources officer. Addison will join Northrop Grumman on Oct. 22, 2018 in a transitional role as corporate vice president reporting to Kathy Warden, Northrop Grumman's incoming chief executive officer. Addison will be a member of the company's corporate policy council.
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ASB | Hot Stocks18:05 EDT Associated Banc-Corp increases prime rate to 5.25% - Associated Banc-Corp announced it has increased the bank's prime rate from 5.00% to 5.25%, effective September 26, 2018.
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ABT | Hot Stocks18:05 EDT Abbott receives CE Mark for first troponin test to help predict chance of heart - Abbott announced that its High Sensitive Troponin-I blood test is the first troponin test with CE Mark that can more accurately predict the chances of having a heart attack or other cardiac event potentially months to years in advance in people who otherwise appear healthy. This life-changing technology has the potential to transform how doctors identify those at risk for developing heart disease because the diagnostic test uses a biomarker specific to the heart. European guidelines currently recommend that doctors look at indirect heart health factors, such as a person's cholesterol levels, blood pressure as well as if they have diabetes or are a smoker, to determine risk for developing heart disease. A substantial body of research has shown that measuring a person's troponin levels using Abbott's High Sensitive Troponin-I test provides better predictive information for determining a person's chances of developing future heart disease when added to the current standard of care.
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AVHI TMHC | Hot Stocks18:03 EDT A.V. Homes stockholders approve acquisition byTaylor Morrison - AV Homes (AVHI) stockholders approved the acquisition of AV Homes by Taylor Morrison (TMHC). Upon the completion of the merger, AV Homes stockholders will be entitled to receive, at their election, consideration per share of common stock of AV Homes consisting of $21.50 in cash, without interest, 0.9793 validly issued, fully paid and nonassessable shares of Taylor Morrison Class A common stock or a combination of $12.64 in cash, without interest, and 0.4034 validly issued, fully paid and nonassessable shares of Taylor Morrison Class A common stock.
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TCF | Hot Stocks18:02 EDT TCF Financial raises prime rate to 5.25% from 5.00%, effective September 27
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CE | Hot Stocks18:02 EDT Celanese announces acetyl intermediates price increase of 3c per lb - Celanese will increase list and off-list selling prices for acetyl intermediate products vinyl acetate monomer and low density polyethylene by 3c per lb. The price increases below will be effective for orders shipped on or after October 1, 2018, or as contracts otherwise allow, and are incremental to any previously announced increases.
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USB | Hot Stocks18:01 EDT U.S. Bancorp raises prime lending rate to 5.25% from 5% - U.S. Bancorp announced it has raised its prime lending rate to 5.25% from 5%, effective tomorrow, September 27, 2018, at all U.S. Bank locations.
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STI | Hot Stocks18:00 EDT SunTrust raises price rate to 5.25% - Following the Federal Reserve's announcement to increase the Federal Funds rate, SunTrust Bank announced today it has increased its prime lending rate to 5.25% from 5.00%, effective September 27, 2018. The prime rate last changed on June 14, 2018.
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WFC | Hot Stocks18:00 EDT Wells Fargo raises prime rate to 5.25% from 5% - Wells Fargo Bank, N.A., said it is increasing its prime rate to 5.25% from 5%, effective tomorrow, Sept. 27, 2018.
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NTRS | Hot Stocks17:55 EDT Northern Trust raises prime rate to 5.25% from 5% - The Northern Trust Company has increased its prime rate from 5.00% to 5.25%, effective Thursday, September 27, 2018.
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HSBC | Hot Stocks17:50 EDT HSBC raises prime, reference rate to 5.25% - HSBC Bank USA and its affiliates announced that they raised their prime and reference rate to 5.25% from 5.00%, effective Thursday, September 27, 2018.
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CGC STZ | Hot Stocks17:49 EDT Canopy Growth investors approve $4B investment by Constellation Brands - Canopy Growth (CGC) is pleased to announce that at the Company's annual general and special meeting of shareholders held on September 26, 2018, shareholders approved the previously-announced $4B private placement of 104,500,000 common shares and 139,745,453 common share purchase warrants of the company to CBG Holdings LLC, an affiliate of Constellation Brands (STZ).
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CFG | Hot Stocks17:41 EDT Citizens Financial raises prime rate to 5.25% - Citizens Financial announced that Citizens Bank, N.A. and Citizens Bank of Pennsylvania have raised their prime lending rates to 5.25% from 5.0%, effective Thursday, September 27, 2018.
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WBS | Hot Stocks17:39 EDT Webster Financial raises prime lending rate to 5.25% - Webster Financial has raised its prime lending rate to 5.25% from 5.00% effective September 27.
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VMI | Hot Stocks17:34 EDT Valmont to acquire assets of New Zealand's CSP Coatings Systems, sees accretion - Valmont Industries announced that it has entered into a definitive agreement to acquire the assets of CSP Coatings Systems of Auckland, New Zealand. The transaction will be funded with cash on hand, and is expected to close in the fourth quarter of fiscal 2018. After consideration for transaction costs, the company expects to achieve Year 1 EPS accretion of 6c. Founded in 1963, CSP is the most comprehensive steel coating service provider in New Zealand, offering a full range of coatings services, including hot dip galvanizing, zinc metal spraying, painting, and duplex anti-corrosion coatings. With facilities in Auckland and Christchurch, CSP serves a broad base of customers and end markets, and employs approximately 40 people. "The acquisition of CSP advances our strategy of geographic expansion, building on our existing presence in the New Zealand market," said Stephen G. Kaniewski, President and Chief Executive Officer. "The two CSP facilities provide a platform to further leverage our existing galvanizing operation on the North Island, while expanding our footprint to the South Island. In line with our addressable market expansion goals communicated at our 2018 Investor Day, the acquisition of CSP generates growth from an extensive portfolio of coatings services. We are excited to welcome the team to Valmont."
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DXC | Hot Stocks17:31 EDT DXC Technology acquires System Partners - DXC Technology announced it has signed an agreement to acquire System Partners, a leading provider of transformative, customer-centric projects that span the suite of Salesforce products. The acquisition of System Partners, a Salesforce Platinum partner in Australia and New Zealand, builds on DXC's digital transformation strategy and cloud-first focus.
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PNC | Hot Stocks17:25 EDT PNC Financial raises prime lending rate to 5.25% - PNC announced an increase in its prime lending rate. The new rate of 5.25% is effective Sept. 27, 2018.
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KEY | Hot Stocks17:22 EDT KeyCorp raises prime lending rate to 5.25% - KeyCorp (NYSE: KEY) and its banking affiliates have raised their prime lending rate to 5.25% from 5.00%, effective September 27, 2018.
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PUMP | Hot Stocks17:22 EDT Integrated Core Strategies reports 5.7% passive stake in ProPetro Holding
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BBBY | Hot Stocks17:16 EDT Bed Bath & Beyond says company transformation 'taking root' - Says making specialized hires to effect long-term strategy. Says has shifted some senior leaders into new roles. Says making "good progress" on long-term strategy. Says sees "promising trends" in decorative furnishings category and next-gen stores. Comments from Q2 earnings conference call.
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BA | Hot Stocks17:13 EDT Boeing awarded $198.9M U.S. Army contract - Boeing was awarded a $198,927,812 firm-fixed-price contract for performance-based logistics support of the Chinook H-47 forward and aft rotor blades and associated containers. One bid was solicited with one bid received. Work locations and funding will be determined with each order, with an estimated completion date of Sept. 30, 2023.
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CVE | Hot Stocks17:12 EDT Cenovus Energy signs deal with rail companies to transport oil to the Gulf Coast - Cenovus Energy has signed three-year deals with rail companies to transport approximately 100,000 barrels per day of heavy crude oil from northern Alberta to various destinations on the U.S. Gulf Coast. The agreements involve moving oil with CN from Cenovus's Bruderheim Energy Terminal starting in Q4 and with CP through USD Partners' terminal in Hardisty, Alberta starting in Q2 of next year, both ramping up through 2019. The plan involves not only the freight and loading components but also rail car leasing, offloading logistics, marketing and other arrangements. The specifications of the cars Cenovus is leasing meet or exceed all applicable current and announced regulatory requirements. The company is expecting all-in costs to transport the oil from Alberta to the Gulf Coast in the mid to high teens, consistent with prior estimates. Exact commercial details of the agreements are confidential. Cenovus continues discussions about expanding the oil-by-rail agreements to move additional volumes if the terms are favorable.
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LMT | Hot Stocks17:12 EDT Lockheed Martin awarded $1.36B U.S. Air Force contract - Lockheed Martin has been awarded a $1,362,089,314 contract for GPS IIIF Space Vehicles 11 and 12. This contract provides for the non-recurring engineering, space vehicle test bed and simulators, and production of GPS IIIF Space Vehicles 11 and 12 as well as options for the production of up to 22 GPS III Space Vehicles, Space Vehicle storage, and launch and on-orbit support. Work will be performed in Littleton, Colorado, and is expected to be completed by Aug. 31, 2027.
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CMA | Hot Stocks17:07 EDT Comerica increases prime rate to 5.25% from 5% - Comerica will raise its prime rate to 5.25% from 5.00% effective Sept. 27.
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DB | Hot Stocks17:06 EDT Deutsche Bank raises prime lending rate to 5.25% - Deutsche Bank announced that its New York Branch, Deutsche Bank New York, and its subsidiary Deutsche Bank Trust Company Americas have raised their prime lending from 5.00% to 5.25% effective tomorrow, September 27, 2018.
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FB | Hot Stocks16:57 EDT Facebook and RED reveal 'first-look' at Manifold 3D VR camera - Facebook disclosed on its Facebook 360 blog the following: "Last May, Facebook and RED Digital Cinema announced a collaboration to build the world's first end-to-end solution for 3D and 360 video capture. Today, we're excited to reveal a first-look at the Manifold camera. RED and Facebook worked closely to build this first studio-ready camera system for immersive 6DoF storytelling, aiming to connect creative professionals with audiences in a bold new way. We've made significant strides in realizing this new storytelling device-with plenty more work on the horizon-and today were excited to share the camera's hardware design and tech specs as we continue on the road to commercial availability." Reference Link
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HBAN | Hot Stocks16:52 EDT Huntington Bancshares increases prime rate to 5.25% - Huntington Bancshares announced that its prime rate is increasing from 5% to 5.25%, effective September 27. The rate was last changed on June 14, when Huntington increased its prime rate from 4.75% to 5%.
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BBBY | Hot Stocks16:41 EDT Bed Bath & Beyond declares quarterly dividend of 16c per share - Payable on January 15, 2019 to shareholders of record at the close of business on December 14, 2018.
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BBBY | Hot Stocks16:40 EDT Bed Bath & Beyond: Retail inventory reduction of approximately 1.7% at Q2-end - Says remains on track to reduce YOY inventory by approximately $150M, or 5% at the end of FY18. Capital expenditures of approximately $182M YTD through 2Q18 with approximately 70% related to IT investments.
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LMAT | Hot Stocks16:39 EDT LeMaitre acquires clot management business from Applied Medical for $14.2M - LeMaitre Vascular announced that it has acquired the vascular clot management business of Applied Medical Resources for $14.2M, of which $11M was paid at closing and $3.2M will be paid in two post-closing installments. As part of the transaction, the parties also signed a transition services agreement under which Applied Medical will continue to manufacture the product line for Lemaitre Vascular for one year. Applied Medical's clot management product line, including Syntel embolectomy and thrombectomy catheters, Python over-the-wire embolectomy catheters, Latis graft cleaning catheters and irrigation catheters, is now available through LeMaitre Vascular. Sales of the business during the latest 12-month period were $3.4mm.Dave Roberts, LeMaitre Vascular's President, commented, "We are pleased to expand our clot management product offering through this acquisition, which adds a latex-free over-the-wire embolectomy catheter to our sales bag." Gary Johnson, Applied Medical's Group President, added, "We are confident that our vascular customers will continue to receive the highest level of service and support from LeMaitre." In Q4 2018, LeMaitre Vascular expects the acquired business to add $0.5M to $0.6M in sales, and have no impact on operating income due to short-term business transition related costs.
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SAH | Hot Stocks16:35 EDT Sonic Automotive names David Bruton Smith CEO - Sonic Automotive announced that its board of directors has elected David Bruton Smith as CEO of the Company and Jeff Dyke as President of the company, both effective September 25. Mr. B. Scott Smith, the company's Co-Founder, resigned as CEO and President of the company and as a member of its board of directors, effective September 24, 2018to take on a new role with thecompany and to spend more time with his family after having served for over 21 years as a director and an executive officer of the company. Smith will remain an employee in his capacity as Co-Founder of the company to ensure a smooth leadership transition and to provide strategic advice to the company's leadership team. David Bruton Smith has a more than 20-year tenure with the company, most recently serving as Executive Vice Chairman and Chief Strategic Officer of the Company since March 2018. Prior to that appointment, David served as Vice Chairman from March 2013 to March 2018, Executive Vice President from October 2008 to March 2013, Senior Vice President of Corporate Development from March 2007 to October 2008, Vice President of Corporate Strategy from October 2005 to March 2007, and as Dealer Operator and General Manager of several of the Company's dealerships prior to October 2005. David has also served as a member of the Company's board of directors since October 2008.Jeff Dyke has served as Sonic's Executive Vice President of Operations since October 2008, where he has been responsible for direct oversight for all of Sonic's automotive operations. Mr. Dyke joined the Company in October 2005.
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CVIA | Hot Stocks16:35 EDT Covia reduces proppant capacity capacity by 3.3M tons - Covia announced that it has reduced proppant capacity by 3.3M tons in response to changes in market demand. This morning, the company informed its employees about the idling of operations at its Shakopee, Minnesota; Brewer, Missouri; Wexford, Michigan; and Cutler, Illinois, facilities; as well as a reduction in effective capacity at its Pevely, Missouri; Cleburne, Texas; and Menomonie, Wisconsin, facilities. Following these operational changes and the commissioning of the Seiling, Oklahoma, plant, the company expects to have annual energy production capacity of approximately 32M tons. The announced changes are not expected to impact Covia's 18M tons of Industrial production capacity.
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EGRX | Hot Stocks16:34 EDT Eagle Pharmaceuticals appoints David Pernock as COO - Eagle Pharmaceuticals has approved the appointment of David Pernock to the position of COO, effective as of September 1. In addition to his new role as COO, Pernock will continue to serve as President. Pernock has served as President and Chief Commercial Officer of the company since January 2017. Previously, he served as a member of Eagle's Board of Directors from April 2015 to January 2017.
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SAIL | Hot Stocks16:31 EDT SailPoint names William Brock the chairman of the board - SailPoint Technologies announced the appointment of William Bock, current SailPoint Board member, to Chairman of the Board of Directors. In addition, Thoma Bravo will transition from three seats on the Board to one, consistent with its current ownership and rights under SailPoint's charter. As a result, Marcel Bernard has resigned his board seat, effective September 21, 2018, and Seth Boro, a Managing Partner at Thoma Bravo, will serve out his term through SailPoint's 2018 Annual Meeting on November 6, 2018. Chip Virnig, a Partner at Thoma Bravo and current SailPoint Board member, will be nominated for re-election at the Annual Meeting.
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ATTO DTEGY | Hot Stocks16:31 EDT Atento signs strategic agreement with T-Systems - Atento (ATTO) and T-Systems, a Deutsche Telekom (DTEGY) group company with a broad digital portfolio of IT solutions and services, announced a strategic agreement on Atento's data center operations in Brazil. The agreement includes a long-term contract for T-Systems to manage Atento's data centers operations in Brazil for the next 10 years. The agreement is subject to regulatory and customary closing conditions. Financial terms of the operation have not been disclosed.
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RF | Hot Stocks16:30 EDT Regions Financial increases prime lending rate to 5.25% - Regions Bank today announced it is increasing its prime lending rate to 5.25 percent from 5.00 percent, effective Thursday, Sept. 27.
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AMZN | Hot Stocks16:29 EDT Amazon to open Amazon 4-star store in NYC tomorrow - Amazon said that, tomorrow, it is opening Amazon 4-star, a new physical store where everything for sale is rated 4 stars and above, is a top seller, or is new and trending on Amazon.com. The store is located in the New York neighborhood of SoHo, on Spring Street between Crosby and Lafayette Streets. Prime members pay the Amazon.com price in store. "We created Amazon 4-star to be a place where customers can discover products they will love," the company said in a blog post. "Amazon 4-star's selection is a direct reflection of our customers-what they're buying and what they're loving." Reference Link
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LMAT | Hot Stocks16:27 EDT LeMaitre acquires clot management business from Applied Medical for $14.2M - LeMaitre Vascular announced that it has acquired the vascular clot management business of Applied Medical Resources for $14.2M, of which $11M was paid at closing and $3.2M will be paid in two post-closing installments. As part of the transaction, the parties also signed a transition services agreement under which Applied Medical will continue to manufacture the product line for LeMaitre Vascular for one year. Applied Medical's clot management product line, including Syntel embolectomy and thrombectomy catheters, Python over-the-wire embolectomy catheters, Latis graft cleaning catheters and irrigation catheters, is now available through LeMaitre Vascular. Sales of the business during the latest 12-month period were $3.4mm.Dave Roberts, LeMaitre Vascular's President, commented, "We are pleased to expand our clot management product offering through this acquisition, which adds a latex-free over-the-wire embolectomy catheter to our sales bag." Gary Johnson, Applied Medical's Group President, added, "We are confident that our vascular customers will continue to receive the highest level of service and support from LeMaitre." In Q4 2018, LeMaitre Vascular expects the acquired business to add $0.5 million to $0.6 million in sales, and have no impact on operating income due to short-term business transition related costs.
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BBBY | Hot Stocks16:22 EDT Bed Bath & Beyond down 13% to $16.35 after Q2 results miss estimates
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LMAT | Hot Stocks16:21 EDT LeMaitre acquires clot mamagement business from Applied Medical - LeMaitre Vascular announced that it has acquired the vascular clot management business of Applied Medical Resources Corporation for $14.2M, of which $11.0M was paid at closing and $3.2M will be paid in two post-closing installments. As part of the transaction, the parties also signed a transition services agreement under which Applied Medical will continue to manufacture the product line for LeMaitre Vascular for one year.
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ARTNA | Hot Stocks16:20 EDT Artesian Resources announces 1.5% increase in common stock dividend - Artesian Resources announced that its board has approved a 1.5% increase in the company's class A and class B Common Stock dividend, raising the annual dividend to 96.92c per share. The quarterly dividend of 24.23c is payable November 21 to shareholders of record at the close of business on November 14.
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MPLX | Hot Stocks16:19 EDT MPLX acquires Gulf Coast export terminal for $450M - MPLX has purchased an eastern U.S. Gulf Coast export terminal with 4 million barrels of third-party leased storage capacity and a 120,000 bpd dock from Pin Oak Holdings, for approximately $450M. The transaction will be financed with a combination of cash from operations and debt. This facility has the capability to significantly expand its storage capacity to 10 million barrels and is permitted for construction of a second 120,000 bpd dock. As the facility expands, this investment is expected to generate a mid-teens percent return. The facility, which will be known as MPLX's Mt. Airy Terminal, is located on the Mississippi River between New Orleans and Baton Rouge, near nine lower-Mississippi refineries.
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OLP | Hot Stocks16:19 EDT One Liberty Properties sells land parcel in Illinois for $4.5M gain - One Liberty Properties announced that it sold a land parcel located in Lakemoor, Illinois, which is ground leased to the owner/operators of the multi-family complex located on this parcel. The company purchased this parcel for $9.6M in March 2015 and anticipates that it will recognize, during the three months ending September 30, an approximate $4.5M gain from this sale.
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AZO | Hot Stocks16:17 EDT AutoZone authorizes additional $1.25B stock repurchase - AutoZone announced its board authorized the repurchase of an additional $1.25B of the company's common stock in connection with its ongoing share repurchase program.
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SNV | Hot Stocks16:16 EDT Jefferson Financial to acquire three Synovus branches in Alabama - Synovus Financial and Jefferson Financial Federal Credit Union announced that Synovus Bank, a subsidiary of Synovus Financial Corp., has entered into a purchase and assumption agreement to sell two branches in Mobile, Alabama, and one branch in Daphne, Alabama, to Jefferson Financial Federal Credit Union. The purchase and assumption agreement provides for the transfer by Synovus Bank to Jefferson Financial Federal Credit Union of $138M in loans, $107M in deposits, and other assets associated with two Synovus Bank branches located in Mobile, Alabama, and the one Synovus Bank branch located in Daphne, Alabama, in exchange for a deposit premium of $14,500,000. The purchase of the branches is subject to regulatory approval and satisfaction of customary closing conditions and is expected to be completed in the first quarter of 2019. The Synovus Bank branches will continue operating as Synovus Bank until the transaction is completed. At that time, the branches will operate under the name of Jefferson Financial Federal Credit Union.
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RGLS | Hot Stocks16:12 EDT Regulus provides pipeline updates - Regulus provided an update on advancements to its pipeline programs. In Hepatitis B virus programs, the company has identified several microRNA targets that serve as host factors for the virus. The company believes that targeting a host factor in the liver represents a unique mechanism of action for treatment of the virus compared to other programs in development and holds the potential for achieving a functional cure. The company currently expects to file an IND for the HBV program in 2H19, with the potential of achieving human proof-of-concept in a Phase 1 study. In the Glioblastoma multiforme program, its lead anti-miR candidate targeting microRNA-10b demonstrated statistically significant improvements in survival as both a monotherapy as well as in combination with temozolamide in an orthotopic GBM animal model. In combination with TMZ, the addition of a single dose of anti-mir-10b led to a more than two-fold improvement in survival compared to TMZ alone. The company expects to nominate a clinical candidate by year-end and plans to seek a partner to further advance its development. In its Non-Alcoholic Steatohepatitis program, its lead candidate has demonstrated improvement in key endpoints with significant improvement of liver fibrosis and hyperglycemia compared to control-treated animals. The company plans to seek a partner to further advance its development. In its Autosomal Dominant Polycystic Kidney Disease program, and in consultation with the FDA, the company has initiated a new 27-week chronic mouse toxicity study with several changes believed to address the unexpected findings in the earlier terminated chronic mouse toxicity study. Data from the new study are anticipated in 1Q19.
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STND | Hot Stocks16:12 EDT Standard Financial appoints John Kline as Chief Lending Officer of Standard Bank - Standard AVB Financial Corp. announced that, effective September 28, John Kline will be appointed executive VP and Chief Lending Officer of Standard Bank. Kline has spent his entire career in Community and Regional Banks in western PA. He has most recently served as the Commercial Loan Regional Manager/Market Executive for S&T Bank in the Greater Westmoreland Market.
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NSYS | Hot Stocks16:12 EDT Nortech Systems enters into manufacturing agreement with Northwire - Nortech Systems announced that Intercon 1 will take over manufacturing of discontinued machine vision cable assemblies for Northwire, Inc., of Osceola, Wis. In February 2018, Nortech Systems announced that Intercon 1 had expanded manufacturing capabilities in China to support regional machine vision customers in Asia with faster turnaround, reduced shipping time and cost, and local, on-demand engineering support.
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HOPE | Hot Stocks16:11 EDT Hope Bancorp announces new $50M stock buyback program - Hope Bancor announced that its board of directors has approved a new share repurchase program that authorizes the company to repurchase up to $50 million of its common stock.
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FLIR | Hot Stocks16:11 EDT Flir Systems awarded U.S. FAALC contract with ceiling value of $94.3M - FLIR Systems, Inc. announced that it has been awarded an Indefinite Delivery, Indefinite Quantity contract from the Federal Aviation Administration Logistics Center in support of the United States Department of Homeland Security's Mobile Surveillance Capability program. The IDIQ contract has a ceiling value of $94.3M with a first order of $12.2M on contract to provide Line Replaceable Units mounted on MSC vehicles, including FLIR TacFLIR 380, FLIR R20SS radar, FLIR Cameleon management software, power storage and management systems, and other electro-mechanical sub systems to support the MSC vehicles. Through an Interagency Agreement with DHS, the FAALC serves as an independent government entity providing engineering, technical, and logistics services to support US Customs and Border Protection.
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HSGX | Hot Stocks16:09 EDT FDA grants type C meeting with Histogenics for NeoCart Phase 3 trial - Histogenics announced that the FDA has granted a type C meeting on October 30 to discuss the top-line results from the NeoCart Phase 3 clinical trial and Histogenics' planned biologics license application, or BLA, submission. Histogenics submitted its briefing materials regarding the top-line data of the NeoCart Phase 3 clinical trial to the FDA in mid-September 2018 and has been working closely with the FDA to schedule the meeting. Histogenics expects to provide an update following this meeting in early November, with meeting minutes expected by late November or early December. During the Q3, Histogenics has sold an aggregate of 3,550,416 shares of common stock in at-the-market offerings pursuant to Histogenics' equity distribution agreement with Canaccord Genuity for aggregate net proceeds of $2.72M after deducting sales agent fees and expenses. Histogenics believes that its existing cash and cash equivalents will be sufficient to fund its projected cash needs late into Q4.
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AFMD | Hot Stocks16:08 EDT SGR Sagittarius Holding lowers stake in Affimed N.V. to 10.8% from 11.9%
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MXIM | Hot Stocks16:08 EDT Maxim Integrated urges shareholders to reject mini-tender offer by TRC Capital - Maxim Integrated Products received notice of an unsolicited mini-tender offer by TRC Capital for the purchase of up to 2 million shares of Maxim Integrated common stock at a price of $56.90 per share in cash, which is below the current market price. Maxim Integrated does not endorse TRC Capital's offer and furthermore, recommends that stockholders reject the offer and not tender their shares in response because the offer is at a price below the current market price for Maxim Integrated shares and is subject to several conditions. TRC Capital's offer price is approximately 4.4 percent below the closing share price of Maxim Integrated common stock on September 21, 2018, the last trading day prior to the date the offer commenced. The offer is for less than one percent of the outstanding shares of Maxim Integrated common stock. TRC Capital's offer states that it may terminate or amend the offer if, among other things, the market price of Maxim Integrated stock decreases or TRC Capital fails to obtain necessary financing. Maxim Integrated is not associated with TRC Capital, its offer or the mini-tender offer documentation. Maxim Integrated encourages investors to consult with their broker or financial adviser and exercise caution with respect to TRC Capital's offer. Maxim Integrated stockholders who have already tendered their shares may withdraw them by providing notice in the manner described in the TRC Capital offer documents prior to the expiration of the offer, which is currently scheduled at 12:01 a.m., New York City time, on Tuesday, October 23, 2018.
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AKBA | Hot Stocks16:07 EDT Nantahala Capital Management reports 9.8% stake in Akebia - Nantahala Capital Management disclosed in a regulatory filing a 9.8% stake in Akebia Therapeutics, saying it felt the stock, when purchased, was undervalued and represented an attractive investment opportunity.
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PE | Hot Stocks16:07 EDT Parsley Energy names David Dell'Osso as COO - Parsley Energy announced the appointment of David Dell'Osso as Executive Vice President-COO, effective October 9. Dell'Osso will succeed Matt Gallagher, who will remain President of the company until his previously announced appointment as President and CEO, which is expected to occur on January 1, 2019. Dell'Osso will assume responsibility for company-wide development, production, and engineering functions. Prior to joining Parsley, Dell'Osso was employed by Southwestern Energy Company.
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CHCO | Hot Stocks16:05 EDT City Holding raises quarterly dividend 15.2% to 53c per share - City Holding Company declared a dividend of 53c per common share for shareholders of record as of October 15, 2018. The dividend is payable on October 31, 2018. The dividend represents a 15.2% increase from the 46c per share cash dividend paid in the third quarter of 2018.
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HIFS | Hot Stocks16:05 EDT Hingham Institution declares 3% increase in regular quarterly dividend - Hingham Institution announced that its Board of Directors has declared a regular quarterly cash dividend of 36c per share. This represents an increase of 3% over the previous regular quarterly dividend of 35c per share. The dividend will be paid on October 17, to stockholders of record as of October 9.
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CMTL | Hot Stocks16:02 EDT Comtech promotes Michael Porcelain to COO effective October 1st - Comtech Telecommunications announced that Michael Porcelain, the Company's Senior Vice President, Chief Financial Officer, has been promoted to Chief Operating Officer. Mr. Porcelain will be succeeded in his role by Michael Bondi, who is currently the Company's Vice President, Controller. These promotions are effective October 1, 2018.
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HOLX | Hot Stocks16:02 EDT Hologic to acquire Focal Therapeutics for $125M in cash - Hologic announced that it has signed a definitive agreement to acquire Focal Therapeutics, a privately-held company, for $125M in cash. In conjunction with Hologic's recent acquisition of Faxitron Bioptics, Focal strengthens the company's position in the rapidly growing market for breast conserving surgery. Focal generated approximately $16M of revenue in the last 12 months. The acquisition, which is expected to close in early October, is estimated to be neutral to Hologic's non-GAAP earnings per share in fiscal 2019, and accretive thereafter.
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FITB | Hot Stocks16:01 EDT Fifth Third raises prime lending rate to 5.25% - Fifth Third Bancorp announced that it is increasing its prime lending rate to 5.25%, effective immediately. The rate was last changed on June 13, 2018 when Fifth Third increased its prime lending rate from 4.75% to 5%.
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FSBW ANCB | Hot Stocks15:53 EDT FS, Anchor Bancorp announces receipt of regulatory approvals for proposed merger - FS Bancorp (FSBW), the parent company of 1st Security Bank of Washington, and Anchor Bancorp (ANCB), the parent company of Anchor Bank, jointly announce that the required regulatory approvals have been received from the Washington Department of Financial Institutions and the Federal Deposit Insurance Corporation in connection with the proposed merger of Anchor with and into FS Bancorp as well as the merger of Anchor Bank into 1st Security Bank. The Federal Reserve Board also granted FS Bancorp's requested waiver from its application filing requirements. The completion of the proposed merger remains subject to approval from Anchor shareholders and the satisfaction of other customary closing conditions. Anchor's special meeting of shareholders is scheduled for November 13 and a proxy statement/prospectus will be mailed to shareholders on or about October 4.
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C | Hot Stocks15:22 EDT Citi raises base lending rate to 5.25% - Citibank said it has raised its base lending rate to 5.25% from 5.00%, effective tomorrow, Thursday, September 27.
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FBNK PBCT | Hot Stocks15:03 EDT First Connecticut stockholders approve acquisition by People's United - Stockholders of First Connecticut Bancorp (FBNK) approved the proposed merger of First Connecticut and People's United Financial (PBCT) pursuant to the previously disclosed agreement and plan of merger, the bank announced. First Connecticut also announced the receipt by First Connecticut and People's United of all required regulatory approvals to move forward with the merger of First Connecticut with and into People's United. The merger remains subject to customary closing conditions and is expected to close on October 1, 2018.
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DE | Hot Stocks15:01 EDT Deere announces completion of PLA acquisition - Deere announced it has completed its acquisition of PLA, which is based in Argentina, with manufacturing facilities in Las Rosas, Argentina, and Canoas, Brazil. In July, Deere said it signed a definitive agreement to purchase the manufacturer of sprayers, planters, and specialty products for agriculture.
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MTB | Hot Stocks14:56 EDT M&T Bank to increase prime lending rate to 5.25% - M&T Bank announced it will increase its prime lending rate from 5.00% to 5.25% effective Thursday, September 27.
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BBT | Hot Stocks14:47 EDT BB&T raises prime lending rate to 5.25% from 5% - BB&T Corporation announced it is increasing its prime lending rate to 5.25% from 5% effective immediately.
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MRK BMY | Hot Stocks14:36 EDT BriaCell initiates combination study of Bria-IMT with Keytruda or Yervoy - BriaCell Therapeutics announced that it has achieved proof of concept in the Phase IIa study of its lead clinical candidate, Bria-IMT, in advanced breast cancer. To further enhance the anti-tumor activity of Bria-IMT, the company said it will focus on the combination study of the candidate with pembrolizumab, or Keytruda, manufactured by Merck (MRK), or ipilimumab, marketed as Yervoy by Bristol-Myers Squibb (BMY). "We are delighted with these positive clinical findings that confirm our HLA Matching Hypothesis in the Phase I/IIa trial in advanced breast cancer showing significant tumor shrinkage without serious side effects. We believe that combination studies with immune checkpoint inhibitors should create even more potent anti-cancer immune responses, leading to our strategy of combination studies of Bria-IMT with Keytruda or Yervoy," stated BriaCell's President and CEO Bill Williams.
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EDNT | Hot Stocks14:35 EDT Wes Jones reports 5.51% passive stake in Edison Nation
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FE | Hot Stocks14:13 EDT FirstEnergy settlement agreemtent approved in FES bankruptcy case - FirstEnergy announced that the bankruptcy court has approved the company's definitive settlement agreement in the Chapter 11 proceedings of FirstEnergy Solutions, or FES, its subsidiaries and FirstEnergy Nuclear Operating Company, or FENOC. The definitive settlement agreement was filed with the bankruptcy court in the FES Chapter 11 proceeding in late August and approved on September 25. Parties to the settlement include FirstEnergy, the Debtors, the Ad Hoc Noteholders Group, the Bruce Mansfield Certificateholders Group and the Unsecured Creditors Committee.
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TRUP | Hot Stocks14:05 EDT Trupanion says no investigation by New York DFS into company - Trupanion provided an update on regulatory allegations made by The Capitol Forum. "In a report issued on September 26, The Capitol Forum incorrectly alleged that there is an active investigation by the New York Department of Financial Services into Trupanion. The Capitol Forum subsequently corrected the report. Trupanion can confirm that there is no current investigation by the New York Department of Financial Services into Trupanion, nor do they anticipate one. Trupanion encourages shareholders to read carefully all of the Company's investor relations disclosures, press releases and SEC filings," the company stated.
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SPAR | Hot Stocks13:45 EDT Spartan Emergency Response, Calgary Fire Department extend multiyear contract - Spartan Emergency Response, a business unit of Spartan Motors, has announced its longtime customer, Calgary Fire Department, has purchased five new Spartan pumpers, as part of an expanding long-term contract. This addition of five Spartan pumpers brings Calgary Fire Department's total Spartan count to 107 units, a fleet comprised of 39 Spartan pumpers, 10 Smeal Aerials, and another 63 complete apparatus built on Spartan's cab and chassis. The Calgary Fire Department serves the City of Calgary in Alberta, Canada.
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SYK | Hot Stocks13:43 EDT Stryker announces 510(k) clearance of SpineJack system - Stryker announced that it has received FDA 510(k) clearance to market the SpineJack Implantable Fracture Reduction System, which is indicated for use in the reduction of painful osteoporotic vertebral compression fractures. The SpineJack system has been commercially available in Europe since 2008 and over 70,000 units have been implanted worldwide, the company stated. The company plans to execute a limited launch of the device for the remainder of 2018.
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FB | Hot Stocks13:34 EDT Facebook trades higher after announcing Oculus Quest - Shares of Facebook moved to a session high after announcing that it introduced the "first all-in-one VR system" Oculus Quest at Oculus Connect 5, OC5. Shares of Facebook are up over 2% to $168.38 in afternoon trading.
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FB | Hot Stocks13:18 EDT Facebook introduces Oculus Quest, 'all-in-one-VR system' - In a recent blog posting Facebook said: "Today at Oculus Connect 5, OC5, we introduced Oculus Quest, our first all-in-one VR system with six degrees of freedom that lets you look around in any direction and walk through virtual space just as you would in the physical world. This is the VR experience everyone's been waiting for - and it will ship in spring 2019 for $399 USD. Oculus Quest comes with Touch controllers, so you can interact with people and objects in a natural way. We'll have more than 50 games and experiences for Oculus Quest at launch, with more coming soon. Each year, Oculus Connect brings together VR developers, creators, and thought leaders to share insights, get hands-on with the latest tech demos and experiences, and reimagine the possibilities of the medium. At OC5, we're celebrating how far the industry has come in the last five years and exploring the future of augmented and virtual reality." Reference Link
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OGE | Hot Stocks12:41 EDT OGE Energy increases quarterly dividend to 36.5c from 33.25c - OGE Energy Corp. announced that its Board of Directors has approved an increase in the company's quarterly dividend to 36.5c per share from 33.25c per share. That represents an approximately 10% increase and equates to $1.46 per share annually. The increase is effective with the fourth quarter 2018 dividend and will be paid Oct. 30, 2018, to shareholders of record Oct. 10, 2018.
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PES... | Hot Stocks12:31 EDT Pioneer Energy falls almost 12% after lowering guidance as peers follow - Shares of Pioneer Energy Services (PES) are down almost 12% in afternoon trading after the company lowered its sequential revenue view for third quarter production services to down 5%-7% from its prior view of down 3%-5%. WHAT'S NOTABLE: In addition, in slides being presented at the Johnson Rice & Co Energy Conference, Pioneer, which provides land-based drilling and production services to oil and gas exploration and production companies, lowered its view for gross margin as a percentage of revenue to be approximately 21%-23% versus its previous guidance of 23%-25% due to softer than expected activity in wireline. PRICE ACTION: Shares of Pioneer Energy are down 11.6% to $3.05 in afternoon trading: ALSO LOWER: Other companies in the space, including Basic Energy Services (BAS), Key Energy Services (KEG) and Parker Drilling Company (PKD), have all followed Pioneer lower.
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UBFO | Hot Stocks12:27 EDT United Security Bank increases quarterly dividend to 10c per share - On September 25, the board of United Security Bancshares, the parent company of United Security Bank, declared a regular quarterly cash dividend of 10c per share on the company's common stock, an increase from 9c per share. The dividend is payable on October 19 to shareholders of record as of October 9.
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MMC... | Hot Stocks12:22 EDT Marsh & McLennan expands collaboration with IBM - Marsh (CRM) announced that it is expanding its collaboration with IBM (IBM) to provide clients with wider access to the industry's first commercial blockchain solution for proof of insurance. By using blockchain technology, Marsh and IBM are working together to transform the certificate of insurance process from complicated and manual, to streamlined and transparent, allowing clients to speed up necessary business functions such as hiring contractors. Leveraging the IBM Blockchain Platform and IBM's strategic relationship with Salesforce (CRM), the global leader in CRM, Marsh will work with IBM to extend its commercial proof of insurance blockchain solution to be directly accessible to Marsh clients through the Salesforce Platform.
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SNE... | Hot Stocks12:17 EDT Sony launches 'Fortnite' cross-play beta on PS4 starting today - Sony (SNE) announced in a blog post that, following a comprehensive evaluation process, it has identified a path toward supporting cross-platform features for select third party content. "We recognize that PS4 players have been eagerly awaiting an update, and we appreciate the community's continued patience as we have navigated through this issue to find a solution," the company said. The first step will be an open beta beginning today for Epic Games' "Fortnite" that will allow for cross platform gameplay, progression and commerce across PlayStation 4, Android (GOOG), iOS (AAPL), Nintendo Switch (NTDOY), Xbox One (MSFT), Microsoft Windows, and Mac operating systems. Epic Games, the creator of "Fortnite," is 40% owned by Tencent (TCEHY) and is part of Disney's (DIS) Accelerator Program. Reference Link
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UBER | Hot Stocks12:06 EDT Uber settles 2016 data breach claims with all 50 states for $148M - Iowa Attorney General Tom Miller and attorneys general from 49 states and the District of Columbia have reached an agreement with Uber to address the company's "one-year delay in reporting a data breach to its affected drivers." As part of a nationwide settlement, announced by Miller, Uber has agreed to pay $148M to the states. Iowa will receive $612,950.24, which will go to the state's Consumer Education and Litigation Fund. Uber learned in November 2016 that hackers had gained access to some personal information that the company maintains about its approximately 600,000 drivers nationwide. Uber tracked down the hackers and obtained assurances that the hackers deleted the information, including drivers' license numbers. Some of that personal information triggered an Iowa law requiring them to notify affected Iowa residents. However, Uber failed to report the breach in a timely manner, waiting until November 2017 to report it, Miller says in a statement.
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ATU | Hot Stocks12:00 EDT Actuant falls -7.4% - Actuant is down -7.4%, or -$2.20 to $27.55.
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PPDF | Hot Stocks12:00 EDT PPDAI Group falls -7.9% - PPDAI Group is down -7.9%, or -46c to $5.30.
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PES | Hot Stocks12:00 EDT Pioneer Energy falls -9.9% - Pioneer Energy is down -9.9%, or -34c to $3.06.
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UGP | Hot Stocks12:00 EDT Ultrapar rises 6.3% - Ultrapar is up 6.3%, or 57c to $9.61.
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I | Hot Stocks12:00 EDT Intelsat rises 6.3% - Intelsat is up 6.3%, or $1.71 to $28.77.
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GOOS | Hot Stocks12:00 EDT Canada Goose rises 8.4% - Canada Goose is up 8.4%, or $4.90 to $62.89.
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JTPY | Hot Stocks11:55 EDT JetPay names Larry Stone as chairman, succeeding Bipin Shah - JetPay Corporation announced the appointment of Laurence L. Stone as chairman of the company's Board of Directors. He assumes the role held by Bipin C. Shah since 2010.
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RTN | Hot Stocks11:51 EDT Raytheon confirms production contract for Poland's Patriot - The U.S. Army has awarded Raytheon a more than $1.5B contract for production of Poland's Patriot Integrated Air and Missile Defense System including spare parts, support and training. Announced by the Department of Defense on September 25, the contract calls for Raytheon to build and deliver four Patriot fire units for Poland. This contract is for Phase I of "WISLA," Poland's two-phase medium-range Integrated Air and Missile Defense procurement. Under Phase II, Poland has the potential to acquire additional Patriot fire units and has expressed interest in gallium nitride-based 360-degree active electronically scanning array radars, and SkyCeptor, a low-cost interceptor missile.
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KTWO | Hot Stocks11:45 EDT K2M to 'showcase' MOJAVE PL 3D Expandable Interbody System at NASS - K2M Group Holdings announced that it will showcase its first-to-market MOJAVE PL 3D Expandable Interbody System featuring Lamellar 3D Titanium Technology and several of its newest spinal solutions at the North American Spine Society 33rd Annual Meeting, NASS, in Los Angeles, CA, September 26-29. The company also announced that MOJAVE PL 3D Expandable received a 2018 Spine Technology Award from Orthopedics This Week, which recognizes the best new spine technologies, engineering teams and inventors for 2018, and in the process, rewards excellence in innovation. The MOJAVE PL 3D Expandable Interbody System is a first-of-its-kind fusion device allowing for independent control of the anterior and posterior heights in the lumbar spine-a new capability not available with any other product on the market today. Featuring infinite adjustment within its expansion range, the implant can be locked at any desired height and lordosis to help restore sagittal balance.
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MOD | Hot Stocks11:27 EDT Modine Manufacturing announces retirement of COO Tom Marry - Modine Manufacturing Company announced that Scott Bowser, currently VP, global operations, will succeed Tom Marry as VP, COO, on January 1, 2019. As VP and COO, Bowser will be responsible for leading Modine's global operations and research & development functions. He will report directly to Thomas Burke, president, CEO and a member of Modine's Board of Directors. Concurrent to Bowser's appointment, Tom Marry, EVP and COO, will retire after a distinguished 20-year career in various leadership roles at Modine. Marry will stay with Modine through the end of 2018, to ensure a smooth transition and serve as an adviser on key operating initiatives.
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LMT | Hot Stocks11:04 EDT Lockheed Martin's Sniper ATP secures Bahrain, Taiwan delivery orders - Lockheed Martin's Sniper Advanced Targeting Pod recently received two Foreign Military Sale delivery orders for Bahrain and Taiwan. The Royal Bahraini Air Force continues to order Sniper ATPs with this most recent 19 pod delivery order for the F-16 Block 70 platform. The second FMS order was placed by Taiwan in the United States for 18 pods to be implemented on the mid-life upgraded F-16 platform. The orders were placed through the FMS Production Indefinite Delivery/Indefinite Quantity contract extension.
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CIDM | Hot Stocks11:03 EDT Cinedigm acquires ten seasons of drama 'Heartland' - Cinedigm announced the acquisition of seasons one through 10 of the popular family-friendly drama Heartland. The series will make its Dove Channel debut in October. Rights to Heartland were acquired from international distributor Kew Media Distribution.
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CRM | Hot Stocks10:59 EDT Metallica to deploy Salesforce Marketing Cloud - Salesforce announced that Metallica is deploying Salesforce to transform the way they engage with their fans across every digital touchpoint. Metallica recently partnered with Salesforce to take fan experiences to new heights as they geared up for their WorldWired Tour, currently playing across North America. Metallica is deploying Salesforce Marketing Cloud to get a single view of fans across email, mobile and social media. This will allow them to create personalized content and experiences for different types of fans, and deepen relationships with the entire Metallica family on social media. Metallica also launched its new website on Salesforce Commerce Cloud, which provides improved merchandising tools and functionality, as well as AI-powered ecommerce. This will make it easier to shop online, with exclusive access to tickets, content and merchandise highly curated for each and every Metallica fanatic.
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VOYA | Hot Stocks10:47 EDT Voya Financial to pay $1M to settle SEC charges of deficient cybersecurity - The Securities and Exchange Commission announced that Voya Financial Advisors has agreed to pay $1M to settle charges related to its failures in cybersecurity policies and procedures surrounding a cyber intrusion that compromised personal information of thousands of customers. The SEC charged VFA with violating the Safeguards Rule and the Identity Theft Red Flags Rule, which are designed to protect confidential customer information and protect customers from the risk of identity theft. This is the first SEC enforcement action charging violations of the Identity Theft Red Flags Rule. Without admitting or denying the SEC's findings, VFA agreed to be censured and pay a $1M penalty, and will retain an independent consultant to evaluate its policies and procedures for compliance with the Safeguards Rule and Identity Theft Red Flags Rule and related regulations.
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USG | Hot Stocks10:46 EDT USG shareholders approve acquisition by Knauf - USG Corporation announced that at the company's special meeting of stockholders held today, USG stockholders voted to adopt the Agreement and Plan of Merger with Gebr. Knauf KG, dated as of June 10, 2018. Approximately 99% of all votes cast voted in favor of the adoption of the merger agreement, representing approximately 88% of all outstanding shares as of August 21, 2018, the record date for the special meeting. Under the terms of the merger agreement, in the event the merger closes, each share of common stock of USG, par value 10c per share issued and outstanding immediately prior to the effective time of the merger automatically will be converted into the right to receive the closing consideration of $43.50 in cash. Additionally, stockholder approval of the merger agreement clears the way for the Company to pay the previously declared conditional special cash dividend of 50c per share of USG common stock on October 2, 2018. The conditional special dividend is payable to holders of USG common stock as of the August 21, 2018 record date. The company currently expects the merger to close in early 2019.
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MYND | Hot Stocks10:41 EDT MYnd Analytics announces insider buying through private placement - MYnd Analytics announced that on September 21 the company entered into definitive agreements with George Carpenter IV, President and CEO, Robin Smith, Chairman, as well as John Pappajohn, and Peter Unanue, each a director of the company, and entities affiliated with Michal Votruba, a member of the board of directors of MYnd Analytics and director of Life Sciences for the European-based RSJ-Gradus fund, relating to a private placement of an aggregate of 459,458 units for $1.85 per unit, with each unit consisting of one share of common stock and one common stock purchase warrant to purchase one share of common stock for $2.00 per share. The closing price per share of the common stock on the Nasdaq Stock Market on September 20 was $1.72 per share, the company noted. The company expects to use the approximately $2.25M of gross proceeds raised in aggregate in September for general corporate purposes and expansion activities.
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DIS... | Hot Stocks10:27 EDT Disney consents to 21st Century Fox decision to tender 39% stake in Sky - Disney (DIS) announced that it has consented to Twenty-First Century Fox's (FOXA) decision to tender or sell its 39% stake in Sky plc (SKYAY) as soon as allowable under terms of Comcast's (CMCSA) GBP17.28 per share offer for Sky. The current value of Fox's Sky stake is more than $15B, Disney noted. The transaction, coupled with the divestiture of the Fox Sports Regional Networks, will significantly reduce the amount of debt Disney will incur in acquiring 21st Century Fox, and enable Disney to maintain its strong balance sheet as it continues to invest in content creation for its direct-to-consumer platforms. Disney will expand its considerable investment in the Disney-branded direct-to-consumer offering launching in late 2019 and the new ESPN+ sports streaming service, and will seek to increase investment in Hulu's content offerings and international distribution. Disney and 21st Century Fox each currently hold 30% stakes in Hulu. The acquisition has received formal approval from shareholders of both companies, and Disney and 21st Century Fox have entered into a consent decree with the U.S. Department of Justice that allows the acquisition to proceed, while requiring the sale of the Fox Sports Regional Networks. The transaction is subject to a number of non-U.S. merger and other regulatory reviews. "Along with the net proceeds from the divestiture of the RSNs, the sale of Fox's Sky holdings will substantially reduce the cost of our overall acquisition and allow us to aggressively invest in building and creating high-quality content for our direct-to-consumer platforms to meet the growing demands of viewers," said Disney Chairman and CEO Robert Iger.
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FOXA... | Hot Stocks10:25 EDT 21st Century Fox announces intention to accept Comcast offer for Sky stake - 21st Century Fox (FOXA) announced that it intends to either accept the recommended revised cash offer by Comcast (CMCSA) for the entire issued and to be issued share capital of Sky plc (SKYAY) at a price of GBP17.28 for each Sky share in respect of the 21CF's existing stake or sell 21CF's existing stake to Comcast at the Comcast offer price. Disney (DIS) has consented to 21CF's decision to either accept the Comcast offer in respect of 21CF's existing stake or sell its existing stake to Comcast. The Comcast offer values 21CF's existing shareholding in Sky of 672,783,139 Sky Shares at GBP11.6B, or more than $15B at current value, Fox said. "In light of the premium Comcast has agreed to pay for Sky, we and Disney have decided to sell 21CF's existing 39% holding in Sky to Comcast. We congratulate Comcast on their pending acquisition. We are proud of the role our company has played in building Sky, and of the outstanding value we have delivered for shareholders of 21CF and Sky, and customers across Europe," Fox stated.
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FOXA... | Hot Stocks10:19 EDT Fox intends to sell Sky stake to Comcast at GBP17.28 per share - 21st Century Fox (FOXA) announces that, pursuant to Note 1 on Rule 32.5 of the Code, the Panel has agreed to grant a dispensation to 21CF in respect of its obligation to send a revised offer document to Sky (SKYAY) shareholders setting out the revised 21CF offer. Sky has consented to such dispensation. Therefore, 21CF will not be sending a revised offer document to Sky shareholders. 21CF intends to either accept the revised Comcast (CMCSA) offer in respect of the existing 21CF stake or sell the existing 21CF stake to Comcast at the Comcast offer price. 21CF may accept the Comcast offer upon lapse of the 21CF Offer, or at such earlier time as the Panel and 21CF may agree. 21CF said it intends to lapse its offer at the earliest opportunity. This will occur on October 6, 2018, assuming 21CF does not receive sufficient acceptances of the 21CF offer. As previously reported, Comcast announced a revised cash offer for the entire issued and to be issued share capital of Sky at a price of GBP17.28 for each Sky share. The Sky independent committee has recommended that Sky shareholders accept the Comcast offer.
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IBM | Hot Stocks10:15 EDT IBM rises after UBS says buy on AI potential, low public cloud exposure - In a research note to investors, UBS analyst John Roy upgraded IBM (IBM) to Buy as he believes Artificial Intelligence potential and low public cloud exposure should pay off and outweigh mainframe headwinds. BUY IBM: UBS' Roy upgraded IBM to Buy from Neutral and raised his price target on the shares to $180 from $160, as his analysis suggests the market is pricing a 2% revenue decline, which he thinks IBM can beat. Additionally, the analyst pointed out that his sum-of-the-parts analysis suggests the market is applying virtually no value to IBM's hardware business, which he believes is "unrealistic." Roy sees a number of additional positives, including operating margin improving 130bps from better Services; the Watson "hype cycle" bottoming this year; a 4.4% dividend providing a floor; limited public cloud exposure at 10%; and the stock being under owned as one of the 10 most underweight stocks globally. While he acknowledged that foreign exchange rates will likely be a headwind in 2019 and the mainframe cycle will make comps difficult, the analyst argued that these are priced in and investors "will eventually be rewarded." SURVEY SAYS: UBS' Roy told investors that his survey of 203 global IT decision makers suggests the spending outlook for IT services is flat year over year, but IBM services demand is strong. UBS Evidence Lab surveyed 150 technology executives and found that 100% of U.S. enterprises surveyed have AI projects underway, he noted, adding that his firm also studied Cloud pricing and found surprising strength, indicating better demand. Further, the analyst pointed out that a UBS Evidence Lab Transcriptlytics analysis also showed IBM's tone on earnings calls has turned more positive in the last year, but Glassdoor analysis shows room for improvement. PRICE ACTION: In morning trading, shares of IBM have gained 1.75% to $151.52.
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BBVA | Hot Stocks10:12 EDT Banco Bilbao designates CEO Carlos Torres Vila as next chairman - The board BBVA approved the succession plan for the company's chairman. The plan establishes that CEO Carlos Torres Vila is to replace Francisco Gonzalez as group executive chairman when he leaves his post, which is expected to take place on Dec. 31, 2018. The company said in a statement, "The Board of Directors of BBVA, based on a proposal of the Appointments Committee, today unanimously approved the succession plan for the company's chairman, designating Carlos Torres Vila as his successor. The Board considers Carlos Torres Vila as the ideal person to continue with the Group's transformation strategy."
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WOR | Hot Stocks10:00 EDT Worthington falls -7.4% - Worthington is down -7.4%, or -$3.41 to $42.90.
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ATU | Hot Stocks10:00 EDT Actuant falls -7.9% - Actuant is down -7.9%, or -$2.35 to $27.40.
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PES | Hot Stocks10:00 EDT Pioneer Energy falls -8.1% - Pioneer Energy is down -8.1%, or -28c to $3.12.
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BFR | Hot Stocks10:00 EDT BBVA Banco Frances rises 5.4% - BBVA Banco Frances is up 5.4%, or 66c to $12.81.
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IBD | Hot Stocks10:00 EDT Care Concepts I, Inc. rises 6.6% - Care Concepts I, Inc. is up 6.6%, or $1.59 to $25.79.
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IRS | Hot Stocks10:00 EDT Irsa Inversiones y Representaciones SA rises 7.3% - Irsa Inversiones y Representaciones SA is up 7.3%, or $1.24 to $18.30.
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GPRO | Hot Stocks10:00 EDT GoPro rises following analyst upgrade on 'compelling' products - Shares of GoPro (GPRO) are rising after an analyst at Oppenheimer upgraded the stock to Outperform citing the company's "compelling" products and what the firm calls appropriate pricing. 'COMEPLLING' PRODUCTS, APPROPRIATE PRICING: On Wednesday, Oppenheimer analyst Andrew Uerkwitz upgraded GoPro to Outperform from Perform with a $9 price target. The analyst told investors in a research note that he believes the company has done everything it can to position itself for success through "appropriate pricing," and with new features such as live streaming and gimbal-like image stabilization, he believes its products are "compelling." Uerkwitz contended that this should be enhanced by targeted marketing and a vastly improved software editing suite. The analyst added that GoPro management has implemented a strategy to reset the company with operational expenditures down roughly 50% from peak, products refocused on what has worked and new features focused on ease-of-use. In addition, the company has cleared channel and shelf space over the last 18 months and inventory currently sits at a four-year low, he noted. Uerkwitz believes that with the new products, clean channel and potential inventory replenishment, the company should return to growth in 2019. WHAT'S NOTABLE: On September 20, GoPro announced its new product lineup, including its $399 flagship HERO7 Black, with HyperSmooth, an in-camera video feature. The company said the feature "makes it easy to capture professional-looking, gimbal-like stabilized video without the expense or hassle of a motorized gimbal. And HyperSmooth works underwater and in high-shock and wind situations where gimbals fail." Along with HERO7 Black, GoPro also introduced a new form of video called TimeWarp, which transforms longer experiences into short, flowing videos. The company said TimeWarp Video "applies a high-speed, 'magic-carpet-ride' effect to your videos. Imagine a scenic drive, ocean dive or walk through the city compressed into a super-stabilized, sped-up version of itself, with the entire experience playing out in seconds." In addition, the company said HERO7 Black is the first GoPro to live stream, enabling users to automatically share in real time to platforms internationally. GoPro also announced the HERO7 Silver and HERO7 White, which both feature improved video stabilization. The 4K $299 HERO7 Silver and 1080p $199 HERO7 White are waterproof to 33 feet. PRICE ACTION: GoPro is up 9.3% to $7.25 in morning trading.
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HMNY AMC | Hot Stocks09:56 EDT Helios and Matheson sinks as AMC's Stubs A-List surpasses 380,000 members - Shares of MoviePass parent Helios and Matheson Analytics (HMNY) dropped in morning trading after AMC Entertainment's (AMC) AMC Theatres said its own movie ticket subscription service has passed 380,000 members. STUBS A-LIST MEMBERSHIP: AMC Theatres announced this morning that membership for its movie ticket subscription service AMC Stubs A-List has passed 380,000 since its launch three months ago. The figure is a 120,000-member increase during the last six weeks, AMC added. AMC Stubs A-List "rewards guests with up to three movies per week, all for just $19.95 plus tax per month," it said in its statement. A-List members are seeing a "wide variety" of movies, it added as early program analysis indicates moviegoers have viewed more than 363 different movie titles in just under three months. "With 380,000 members enrolled in just three months, AMC Stubs A-List is demonstrating that it encourages moviegoers of all ages, locations and backgrounds to come to movie theatres more often, and they're bringing family and friends along with them," AMC CEO and President Adam Aron commented. He continued that the "early success of this program is evident as AMC is projecting an attendance increase at our U.S. theatres for the first time in three years. This is very good for AMC, and very good for our guests and movie studio partners." The popularity of A-List, along with other initiatives and "robust" film slate, has AMC in position to increase U.S. attendance year over year for the first time since 2015, excluding the positive impact from the Carmike acquisition, the company concluded. WHAT'S NOTABLE: While AMC appears to be having success with its movie ticket subscription service, MoviePass, which is majority owned by Helios and Matheson, is not having the same luck. Last week, a filing with the Securities and Exchange Commission showed that the company will seek approval for an up to 1-for-500 reverse stock split. The filing follows Helios and Matheson's 1-for-250 reverse stock split in July and comes amid the financial bleeding of its earlier business model. In July, the company disclosed in a regulatory filing it had to borrow $5M in cash after the MoviePass app temporarily shut down. MoviePass CEO Mitch Lowe announced in an all-hands meeting in late July that it would limit ticket availability to upcoming blockbuster movies during the first two weeks and implied that the practice of not offering tickets to major movies would continue for the foreseeable future. The company said other actions that have been implemented are currently cutting the monthly burn by 60% included a future increase of the standard pricing plan to $14.95 per month. In late August, MoviePass director Carl Schramm resigned from the company's board, alleging that management kept him in the dark about crucial information and made it impossible for him to do his job. Schramm cited "concerns about the corporate governance" at the company and said a "number of business decisions" were presented to the board without enough time for them to review documents. MOVIEPASS WOES AN 'OPPORTUNITY' FOR RIVALS: As MoviePass has struggled to quell the financial bleeding of its business model, theater companies and other competitors like AMC and Sinemia have sprung up to grab a share of users that have been disgruntled by the company's recent changes, The Wall Street Journal reported last week. PRICE ACTION: In morning trading, shares of Helios and Matheson are down 5.4% to just 1.8c per share. AMC Entertainment is also lower by 0.4% to $19.82.
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FB | Hot Stocks09:50 EDT Facebook makes Stories ads available to all advertisers - Facebook said in a statement on its website, "More than 300 million people use Facebook Stories and Messenger Stories every day. And to help businesses reach more people, we're now making Facebook Stories ads available to all advertisers around the world. Now you can include Facebook Stories as an additional placement to News Feed or Instagram Stories ad campaigns, delivering your message in a fullscreen, immersive environment. And soon, you'll be able to extend the reach and improve the performance of your stories ad campaigns in Messenger too. Facebook Stories ads support every objective that's currently available for Instagram Stories ads, including reach, brand awareness, video views, app install, conversion, traffic and lead generation. Facebook's full suite of targeting and measurement capabilities is also available for stories ads across platforms." Reference Link
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CHGG | Hot Stocks09:47 EDT Chegg falls -7.5% - Chegg is down -7.5%, or -$2.43 to $29.90.
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PES | Hot Stocks09:47 EDT Pioneer Energy falls -8.8% - Pioneer Energy is down -8.8%, or -30c to $3.10.
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OMN | Hot Stocks09:47 EDT Omnova Solutions falls -16.1% - Omnova Solutions is down -16.1%, or -$1.65 to $8.60.
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AIR | Hot Stocks09:47 EDT AAR Corp. rises 4.7% - AAR Corp. is up 4.7%, or $2.17 to $48.20.
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KBH | Hot Stocks09:47 EDT KB Home rises 5.3% - KB Home is up 5.3%, or $1.35 to $26.64.
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IBD | Hot Stocks09:47 EDT Care Concepts I, Inc. rises 6.6% - Care Concepts I, Inc. is up 6.6%, or $1.59 to $25.79.
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HSIC | Hot Stocks09:43 EDT Henry Schein mentioned positively at Spruce Point Capital
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MB | Hot Stocks09:43 EDT Mindbody drops 5% after William Blair starts with Market Perform rating - Shares of Mindbody are moving lower after William Blair analyst Matthew Pfau rolled out coverage on the name with a Market Perform rating. The stock's current valuation of 6.9 times 2019 revenue reflects a balanced risk/reward profile, Pfau told investors in a research note. The analyst, however, sees room for Mindbody to add subscribers and increase average revenue per subscriber in its oldest and most penetrated market, boutique fitness. Further, he points out that the company over the past several years has "substantially improved" its margin profile. Shares of Mindbody, which provides business management, demand generation, and payments software to the health and wellness industries, is down 5% in early trading to $41.60.
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BOCH | Hot Stocks09:41 EDT Bank of Commerce Holdings trading resumes
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BOCH | Hot Stocks09:31 EDT Bank of Commerce Holdings trading halted, volatility trading pause
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BAX | Hot Stocks09:20 EDT Baxter announces FDA clearance of Altapore Bioactive Bone Graft - Baxter International announced FDA clearance of ALTAPORE Bioactive Bone Graft, a next-generation bioactive and osteoconductive bone graft substitute, for use as an autograft extender in posterolateral spinal fusion. Altapore had previously been cleared for use in orthopedic surgical procedures in the extremities and pelvis.
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EROS | Hot Stocks09:19 EDT Eros International enters into strategic partnership with Fashion TV - Eros International announced that Eros Now, its cutting-edge digital over-the-top, or OTT, South Asian entertainment platform, has entered into a partnership with leading fashion and lifestyle channel, FashionTV. With this association, Eros Now will be the first OTT player to venture into the fashion and lifestyle segment by providing consumers access to FTV's 12+ Live TV Channels and 145+ hours of VOD content.
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ERI | Hot Stocks09:17 EDT Eldorado Resorts announces senior management transition - Eldorado Resorts announced that its board approved an executive management transition to position the company for its next phase of growth and the continued creation of shareholder value. Effective January 1, 2019, Thomas Reeg, who currently serves as the company's President and CFO, will assume the role of CEO for Eldorado Resorts. Reeg will assume his new role as Gary Carano, the company's current Chairman of the board and CEO, has been appointed to the new role of Executive Chairman of the board. Among other things, Gary Carano will assist the board and the CEO with regard to a wide variety of strategic matters, including the company's long-term initiatives to maximize its customer facing amenities and pursue additional acquisition opportunities. Anthony Carano will assume the role of President and remain COO. The company has commenced a search for a new CFO as Reeg transitions out of that role.
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INGR | Hot Stocks09:16 EDT Ingredion to invest $60M in specialty food ingredients in Asia-Pacific - Ingredion announced $60M of planned investments to grow its specialty food ingredients business in Asia-Pacific. Beginning earlier this year, the company commenced expansion of its modified and clean-label specialty starch capabilities in tapioca, waxy corn and rice. A 20% expansion of its tapioca modified food starch capacity in Thailand along with state-of-the-art upgrades to its wastewater treatment facilities. More than doubling the capacity and increasing the regulatory standards of its specialty rice starch and rice flour business in Thailand, which it acquired in 2017. Completing a 30% expansion of its modified food starch capacity and further improving its corn wet milling capacity in China.
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AMC | Hot Stocks09:13 EDT AMC Theatres says AMC Stubs A-List has passed 380,000 members - AMC Theatres announced that AMC Stubs A-List, which was launched three months ago, "continues to deliver on its promise and potential." During the traditional "slow period" at movie theatres in late August and September, as the summer blockbusters give way to school schedules, AMC Stubs A-List membership signups continue to greatly outpace the company's expectations, as more than 380,000 moviegoers are now A-List members. That's a 120,000-member increase during the last six weeks. AMC also recently announced that its 12-month protection guarantee from the date of a member's enrollment against any increases in A-List monthly pricing has been broadened to further provide consumers with a sustainable value. The 12-month protection guarantee for members of A-List enrolling anytime in 2018 now includes no changes in the pricing or benefits from the program within a member's initial 12 months after joining the program. Adam Aron, AMC CEO and President said, ""With 380,000 members enrolled in just three months, AMC Stubs A-List is demonstrating that it encourages moviegoers of all ages, locations and backgrounds to come to movie theatres more often, and they're bringing family and friends along with them. The early success of this program is evident as AMC is projecting an attendance increase at our U.S. theatres for the first time in three years. This is very good for AMC, and very good for our guests and movie studio partners."
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OBLN | Hot Stocks09:12 EDT Obalon Therapeutics announces approval of PMA-S application for Obalon Touch - Obalon Therapeutics announced approval of a premarket approval supplement, or PMA-S, application for the Obalon Touch Inflation System from the FDA. The Obalon Touch Inflation System is an automated system utilized to inflate the Obalon Balloon. The Obalon Touch is intended to be commercialized in combination with the Obalon Navigation System, which is designed to eliminate the need for X-ray imaging during balloon placement. A PMA-S application for the Obalon Navigation System was filed with the FDA in Q3 and is pending a decision by the FDA.
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NKE... | Hot Stocks09:09 EDT Fly Intel: Pre-market Movers - HIGHER: Aldeyra (ALDX), up 28% after announcing results from a Phase 2b dry eye disease trial... GoPro (GPRO), up 9.5% after Oppenheimer analyst Andrew Uerkwitz upgraded the stock to Outperform from Perform, with a $9 price target. The analyst believes the company has done everything it can to position itself for success... Verastem (VSTM), up 8% after announcing an exclusive licensing agreement for CSPC to develop and commercialize duvelisib for the treatment of all oncology indications in China. UP AFTER EARNINGS: KB Homes (KBH), up 4%... CarMax (KMX), up 4%. DOWN AFTER EARNINGS: Nike (NKE), down 3%. ALSO LOWER: Digital Ally (DGLY), down 15% after filing to sell an undisclosed amount of common stock... CyrusOne (CONE), down 4% after its 8M share spot secondary offering priced at $62.00... Netlist (NLST), down 32% after announcing it is moving to OTCQX... Ciena (CIEN), down 3% after UBS analyst Tejas Venkatesh downgraded the stock to Neutral as he believes "increased expectations" leave less upside in the shares.
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BANR | Hot Stocks09:09 EDT Banner Corp. increases quarterly dividend 9% to 38c per share - Banner Corp. announced that its board increased its regular quarterly cash dividend by 9% to 38c per share. The dividend will be payable October 19 to common shareholders of record on October 10.
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XOM | Hot Stocks09:08 EDT Exxon Mobil starts new unit to increase ultra-low sulfur fuels production - ExxonMobil said that a new unit at its integrated Beaumont, Texas facility has started operations, increasing production of ultra-low sulfur fuels by about 45,000 barrels per day. The new unit relies on a proprietary catalyst system developed by ExxonMobil to remove sulfur and meet U.S. Environmental Protection Agency specifications while minimizing octane loss. The addition of the new unit, ExxonMobil's second major investment in Beaumont in less than two years, has supported more than 800 construction jobs. In 2016, the company increased the capacity of an existing crude unit by 20,000 barrels per day and added the flexibility to process light crudes. Both projects are components of ExxonMobil's Growing the Gulf initiative. The company is expanding its polyethylene manufacturing capacity by 650,000 tonnes per year by 2019 and is proceeding with front-end engineering, design and other preparatory work to further increase the refinery's crude refining capacity. Construction of the new crude unit, which is subject to a final investment decision, is scheduled to begin in 2019, with startup anticipated by 2022. The Beaumont facility has logistics advantages because of its proximity to nearby terminals, railways, pipelines and waterways. It also will benefit from Permian production growth. More than 2,000 employees support its refining and chemical manufacturing operations.
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ACXM | Hot Stocks09:06 EDT Acxiom subsidiary announces partnership with Thunder Experience Cloud - Thunder Experience Cloud and LiveRamp, an Acxiom company, and provider of omnichannel identity resolution announced a partnership to enable people-based marketing in three key areas: targeting, measurement, and personalization. The partnership provides marketers with a more holistic view of their customers by giving them the ability to track ad exposure and conversion across devices directly to people-based IDs in a privacy-conscious manner, rather than relying on less accurate identifiers such as cookie IDs or third party measurement providers. As a result of this partnership, consumers will experience more relevant digital engagement from brands and more easily discover offerings that meet their needs. LiveRamp customers utilize IdentityLink, its identity resolution service, to create an omnichannel view of the consumer that can be activated in hundreds of platforms across digital and offline channels.
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T... | Hot Stocks09:05 EDT AT&T announces suite of blockchain solutions to work with IBM, Microsoft - AT&T (T) has created a suite of blockchain solutions designed to work with technology from IBM (IBM) and Microsoft (MSFT). Enterprise customers can use these solutions as they automate and digitalize their business processes using blockchain technologies. Customers will have better resources to track and manage information across multiple parties. This applies across vertical industries like manufacturing, retail, healthcare and more.
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MTN | Hot Stocks09:04 EDT Vail Resorts names Timothy April as Chief Information Officer - Vail Resorts has promoted Timothy April, currently VP of Information Technology and Guest Experience, to Senior VP and Chief Information Officer, effective October 29. April will join the Vail Resorts Executive Committee and oversee all facets of technology for the company. April replaces Robert Urwiler, who is retiring after 12 years with Vail Resorts.
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PRU | Hot Stocks09:03 EDT SEPTA selects Prudential Retirement to oversee $226M public retirement plan - The Southeastern Pennsylvania Transportation Authority hired Prudential Retirement to serve as the new provider for its public sector retirement plan. Prudential Retirement, among the industry's largest record keepers, is a business unit of Prudential Financial. Prudential will oversee $226M in retirement assets covering 6,000 participants. Michael Courtney and Bruce Besecker of Courtney Investment Consulting Group - RBC Capital Markets are the advisors of the plan. The plan transitioned on August 3, 2018.
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DLPH | Hot Stocks09:01 EDT Delphi Technologies starts Chinese production for new CIDD - Delphi Technologies' facility in Suzhou, China has started fully localized production for their class leading Combined Inverter and DC/DC Converter, or CIDD, and commenced deliveries to Geely. The CIDD combines both an inverter and converter in one single unit and can be used by both electric vehicles and hybrids to manage their electric drive systems. Delphi Technologies has invested $80M in its Suzhou manufacturing center for Electronics and Electrification, which will be fully operational in 2H19. Delphi Technologies will increase the number of employees in China from 2,987 to over 3,500 by 2019 as part of over $180M of investments the company is making across the country.
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HCLP | Hot Stocks08:50 EDT Hi-Crush Partners announces temporary idling of Whitehall Dry Plant - Hi-Crush Partners announced that it has temporarily idled dry plant operations at its Whitehall facility. The facility's wet plant remains operational, and Hi-Crush continues to sell inventory from on-site storage to meet ongoing Northern White customer demand. Wet and dry plants remain operational at Hi-Crush's other Wisconsin mines, including Wyeville, Augusta and Blair.
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CMTA | Hot Stocks08:49 EDT Clementia Pharmaceuticals announces data from Phase 2 trial of palovarotene - Clementia Pharmaceuticals announced updated data from the open label extension of its ongoing Phase 2 clinical trial of palovarotene in fibrodysplasia ossificans progressiva, or FOP. "These updated data continue to support the potential for palovarotene in FOP, an ultra-rare and devastating bone condition," said Clarissa Desjardins, founder and CEO of Clementia. "Twelve-week flare-up outcomes for patients treated with palovarotene in our Phase 2 trial indicate a consistent treatment effect of approximately 73 percent reduction in mean new bone growth, or heterotopic ossification, and palovarotene was generally tolerated in both adult and pediatric patients. However, we observed that nearly half of the patients in Part B had flare-ups that went untreated mainly due to the criteria for flare-up treatment specified in the Part B protocol. The flare-up treatment criteria in the MOVE Trial, on the other hand, are expected to result in more frequent use of flare-up up dosing in response to flare-up symptoms. First and second interim analyses from the MOVE Trial are expected to occur in the second and third quarters of 2019, respectively, and are designed to assess new HO in treated patients as compared to external natural history study controls. We look forward to those data readouts next year and anticipate that they'll reflect the true potential of palovarotene in patients who urgently need a treatment option."
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EMITF SIEGY | Hot Stocks08:41 EDT Elbit Imaging: Insightec receives FDA approval for Exablate Neuro compatibility - Elbit Imaging (EMITF) announced that Insightec informed that the U.S. Food and Drug Administration has approved Exablate Neuro compatibility for the MRI Scanners from Siemens Healthineers (SIEGY) to treat patients with essential tremor Who do not respond to medication. The company holds approximately 84% of the share capital of Elbit Medical Technologies, which, in turn, holds approximately 22% of the share capital in Insightec.
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GURE | Hot Stocks08:40 EDT Gulf Resources announces it will have to close three bromine factories - Gulf Resources announced it will have to close its three bromine factories pursuant to a closing notice that the company received from the People's Government of Yangkou Town, Shouguang City. The management of Gulf Resources had expected that these three factories might be forced to close if it could not find a solution to address. The co-production of bromine and crude salt based upon the new requirements that were implemented in 2017. As a result, the company did not spend as much money on rectification for these factories as it did on the others. In closing these factories, the company expects to take a write-off; although the amount is difficult to be estimated at this time. These factories have a net asset value of approximately $23.7M. Gulf Resources may have to bear the cost approximately $200-300K of dismantling these factories. While much of the equipment will be disposed of, some of the newer equipment may be moved to the company's other factories. The company will also negotiate with the local villages over the land leases. The company expects to receive some land lease fees for return of the land.
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ATU | Hot Stocks08:38 EDT Actuant sees headwinds of about $3M-$4M from tariffs in FY19 - Estimated headwinds of approximately $3M-$4M from recently enacted Section 301 List 3 tariffs. Mitigation efforts to reduce these headwinds are currently being assessed.
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ZSAN | Hot Stocks08:37 EDT Zosano Pharma enters into capital equipment leasing line for up to $14M - Zosano Pharma announced that it has entered into a new capital equipment leasing line of up to $14M from Trinity Capital Investment. This will provide financing for the purchase and installation of an automated coating process at Zosano's contract manufacturer. This process will be capable of producing as many as 1.5M doses per year, which is the company's target at launch. As part of this transaction, Zosano paid off in full its outstanding balance of $2M under the agreement it entered into with Hercules Capital.
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ICE | Hot Stocks08:35 EDT IntercontinentalExchange appoints Andrew Surdykowski as general counsel - Intercontinental Exchange announced that Andrew Surdykowski has been named the company's next general counsel, succeeding Johnathan Short, who intends to retire after 14 years in that role. Surdykowski, currently the company's SVP and associate general counsel, joined ICE's legal team in 2005, overseeing a range of matters for Intercontinental Exchange. In addition to Surdykowski's appointment, Elizabeth King, general counsel of the New York Stock Exchange, will add to her role that of ICE's chief regulatory officer, overseeing the company's global regulatory and legal affairs initiatives. ICE also announced that Octavia Spencer, a member of ICE's legal team since 2014, has been appointed as ICE's corporate secretary. The new roles for Surdykowski, King, and Spencer will take effect during a transition period leading to Short's retirement in early 2019.
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NUVA | Hot Stocks08:33 EDT NuVasive enrolls first patients in study of implants' effects in XLIF procedures - NuVasive enrolled its first patients in a prospective, multicenter study evaluating advanced spinal implants used in XLIF procedures and their effect on long-term patient outcomes. This study will evaluate and compare the clinical and radiographic outcomes between traditional smooth PEEK intervertebral spacers and two implants within the NuVasive Advanced Materials Science portfolio, Modulus 3D-printed titanium and Cohere Porous PEEK, in patients who undergo a one- or two-level XLIF procedure. In this two-year follow-up study, at least 10 surgeon investigators will measure the progression of fusion in approximately 300 patients across the U.S.
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MDSO | Hot Stocks08:33 EDT Medidata announces adoption of Medidata Cloud by Decibel Therapeutics - Medidata announced that Decibel Therapeutics is adopting Medidata Cloud, the Intelligent Platform for Life Sciences. The agreement will support the Boston biotech company's clinical development for hearing loss, tinnitus, and balance disorders. Decibel is advancing a portfolio of research programs addressing inner ear disorders with its discovery and development product engine. Decibel will incorporate key Medidata offerings as it advances its hearing and balance-related research programs: Edge eTMF: unify content, data, and workflows with comprehensive real-time, end-to-end TMF management and share with other clinical partners. Rave ePRO/eCOA: optimize data accuracy and patient engagement by automating the collection of patient-reported clinical trial information from mobile devices into the Medidata Cloud.
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HYGS | Hot Stocks08:32 EDT Hydrogenics to provide fuel cells for trucks in California - Hydrogenics announced that it will supply six heavy-duty fuel cell power modules to GTI and TransPower for a set of Class 8 Navistar drayage trucks scheduled to be deployed in Southern California early next year. The trucks are part of the California Air Resources board's "California Climate Investments" program, meant to enable the acceleration of low-carbon technology in commercial trucking applications. For this project, GTI is the program manager, TransPower the vehicle integrator, Navistar the chassis provider, and Total Transportation Services will serve as operator. Hydrogenics' fuel cells are expected to be shipped in Q4; additional terms were not disclosed.
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HD | Hot Stocks08:31 EDT Home Depot brings express delivery to 35 major U.S. markets - The Home Depot has rolled out express same-day and next-day local delivery for more than 20,000 of its most popular items to 35 major metros across the U.S. The new service is part of the company's overall five-year expansion of its delivery offerings for DIY and Pro customers. Qualifying products for the new express delivery option include everything from power tools to decor to garden supplies, with delivery options starting at $8.99.
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SMIT | Hot Stocks08:28 EDT Schmitt Industries shareholder Sententia comments on upcoming board election - Schmitt Industries shareholder Sententia Capital Management, beneficial owners of approximately 8.1% of the outstanding shares of common stock of Schmitt Industries, issued comments on the upcoming annual meeting of shareholders and the company's two candidates, Andrew Hines and Michael Zapata, for election. Sententia states, among other things: "Don't be distracted by the company's focus on three quarters of profitable operations, which is intended to distract shareholders from a decade of value destruction, during which time Schmitt generated negative $7.5M in net income. With the stock price down 60%+ over the last decade, the Board pointing to a slight improvement in operating results during a robust economic expansion is laughable. We urge shareholders to hold the Board and management accountable for these results and vote the BLUE proxy card for both Mr. Hines and Mr. Zapata (...) In our discussions with the Company, we consistently communicated the need for two new independent directors (...) The Ccmpany's investor presentation does not address the responsibility of the company's three long-term directors, and its CEO who has been with the company for 32 years, for the company's years of underperformance, and the questionable independence of these long-term directors from management (...) Despite their long tenure, current directors own only 2.8% of the outstanding shares (...) Hines and Zapata would bring a level of analysis, rigor and energy that we believe is lacking on the Board, in addition to leadership, accountability and execution for the benefit of all shareholders (...)."
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VLRX | Hot Stocks08:27 EDT Valeritas starts process to register V-Go in China - Valeritas announced that it has started the process to register V-Go in China. As part of this process, Valeritas has signed an agreement with an international contract research organization, who has extensive experience in China, who will work directly with the China National Drug Administration to complete the necessary requirements to gain regulatory approval for V-Go in China. In 2016, China formally passed the framework for "Healthy China 2030," working towards the national goal of reaching a health standard on par with developed countries by 2030.
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PMBC | Hot Stocks08:24 EDT Pacific Mercantile Bancorp provides $10M credit line to Great Elm DME - Pacific Mercantile Bank , the wholly owned subsidiary of Pacific Mercantile Bancorp announced that it has provided a $10M revolving line of credit to Great Elm DME and its subsidiaries to partially fund the acquisitions of Valley Healthcare Group and Northwest Medical, creating a leading regional provider of sleep and respiratory-focused durable medical equipment and services serving approximately 70,000 patients annually. On a combined basis, VHG and NWM will be leaders in the distribution of positive air pressure machines and supplies, sleep studies, ventilators and oxygen equipment for patients with sleep and respiratory conditions, such as obstructive sleep apnea, in Arizona, Nebraska, Washington, Oregon and Alaska. The combined companies, which will continue to operate under local brand names, are well positioned to grow organically and to consolidate the fragmented durable medical equipment industry. Both acquired businesses have reputations for providing the highest quality patient care, education and customer service, internally observing patient compliance rates well in excess of national averages.
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SPNE | Hot Stocks08:24 EDT SeaSpine announces launch of Regatta Lateral System - SeaSpine announced the launch of the Regatta Lateral System, featuring NanoMetalene technology. "Regatta is a comprehensive, minimally invasive lateral interbody fusion system designed to efficiently and reproducibly treat the spine through indirect decompression and the restoration of sagittal alignment," SeaSpine said. SeaSpine will be conducting initial cases through a limited launch over the coming months and expects a full commercial launch of the Regatta Lateral System in the first half of 2019.
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ALN | Hot Stocks08:22 EDT American Lorain to acquire Taishan Muren Agriculture Co. - American Lorain announces that the company and its wholly owned subsidiary Shanghai Xunyang Internet Technology Co., Ltd. entered into a Share Exchange Agreement with Taishan Muren Agriculture Co., Ltd. and the Target's sole owner Shenzhen Jiamingrui New Agriculture Co., Ltd. on September 25, 2018. Pursuant to the Share Exchange Agreement, the Subsidiary will acquire all outstanding equity interests of Target, a company that grows various spice plants and fruit trees and sells such products in China. Pursuant to the Share Exchange Agreement, the company will issue 10M shares of common stock of the company to the Seller in exchange for the transfer of all of the equity interest of the Target to the Subsidiary. The transaction is subject to regulatory approvals and other conditions that are customary for transactions of this type.
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XBIT | Hot Stocks08:21 EDT XBiotech announces EPO patent for bermekimab - XBiotech announced that the European Patent Office, or EPO, has granted XBiotech a patent that covers the use of bermekimab as a treatment for inflammatory skin diseases. The patent includes data from studies showing that antibodies which specifically neutralize the activity of interleukin-1alpha can reduce skin inflammation and treat inflammatory skin diseases. XBiotech has conducted a number of clinical trials in dermatology using bermekimab, including ongoing studies in hidradenitis suppurativa and atopic dermatitis. XBiotech has also published clinical findings for the use of bermekimab for treatment of psoriasis and acne. The development of bermekimab for the treatment of inflammatory skin disorders is an important part of XBiotech's commercialization programs. This patent issuance further broadens XBiotech's patent portfolio as it relates to bermekimab and its potential to treat inflammatory skin disorders through IL-1a blockade. XBiotech previously conducted clinical studies with bermekimab to treat dermatological conditions including psoriasis, acne and hidradenitis suppurativa. The company is currently conducting two separate open label, phase 2, multi-center studies evaluating a subcutaneous formulation of bermekimab in pre-filled syringes for treatment of atopic dermatitis and hidradenitis suppurativa. The grant of this patent in Europe is in addition to patents granted in the U.S., Australia, and Japan. The company's patent portfolio also includes several pending U.S. and foreign applications directed to dermatologic pathologies. The company plans to continue to pursue inflammatory skin disorder indications as it further strengthens its clinical pipeline.
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NUAN | Hot Stocks08:16 EDT Nuance collaborates with KT Corporation to develop automotive assistant - Nuance announced it will work with KT Corporation, Korea's automotive telematics provider to develop a dragon drive-powered automotive assistant built specifically for the Korean market. Through their work together, the two companies will leverage a combination of Nuance's automotive-grade solutions and KT's AI and content services to deliver an automotive assistant optimized for use in Korea. Core dragon drive technologies like Just Talk, the capability to invoke the automotive assistant without pushing a button or using a wake-up word; voice biometrics; and embedded speech recognition will make KT services like streaming music and GiGA Genie accessible to drivers just by using their voice.
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AMZN | Hot Stocks08:14 EDT Amazon's Alexa reported down across Europe - Amazon's Alexa is down in parts of the U.K., Spain, Germany and Austria, according to Down Detector, which said the problem began surfacing around 8am local time. Some users are reporting the issue is isolated to Echo Dot 2 models, while other reports indicate everything is down. Reference Link
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NATR | Hot Stocks08:13 EDT Natures Sunshine Products CEO Gregory Probert to retire, Moorehead to succeed - Nature's Sunshine Products announced that Terrence Moorehead has been appointed CEO and a member of the company's board effective October 1. With over 20 years of experience, Moorehead brings leadership to Nature's Sunshine. His in-depth experience leading transformations, revitalizing brands, and building teams is in line with the company's future plans. Moorehead joins Nature's Sunshine from Carlisle-Etcetera, a luxury women's apparel house that creates designer collections. At Carlisle, he enhanced branding, contemporized styling, and built omni-channel capabilities. He also served as CEO at Dana Beauty, where he revitalized the company's focus on sales, product development, and marketing, with a strong emphasis on driving profitability. Gregory Probert, currently chairman of the board and CEO, will retire from his position effective September 30 and resign from the board effective December 31. From October 1, until the end of the year, Probert will be available as a consultant to assist in the transition.
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KMX | Hot Stocks08:12 EDT CarMax up 4.7% after reporting quarterly results
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ERJ | Hot Stocks08:10 EDT Embraer, Helvetic Airways sign contract for firm order of 12 E190-E2 jets - Embraer and Helvetic Airways have signed a contract for a firm order of 12 E190-E2 jets. This agreement was announced as a Letter of Intent at the recent Farnborough Air Show, in July. The firm order has a value of $730M, based on current list prices, and will be included in Embraer's 2018 third-quarter backlog. The contract also includes purchase rights for a further 12 E190-E2, with conversion rights to the E195-E2, bringing the total potential order up to 24 E-Jets E2s. With all the purchase rights being exercised, the deal has a list price of $1.5B. The first 12 E190-E2 aircraft will begin replacing Helvetic's five Fokker 100s and seven E190s, starting in late 2019 and completing in autumn 2021. The purchase options for a further 12 aircraft will enable Helvetic Airways to grow according to market opportunities.
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BC | Hot Stocks08:09 EDT Brunswick announces partnership with MRAA - Brunswick's services program, Brunswick Dealer Advantage, and the Marine Retailers Association of the Americas, or MRAA, have announced a partnership which will provide Brunswick marine dealers with access to healthcare options through MRAA Health, while providing MRAA dealers with access to extended service contract sales through Brunswick Product Protection.
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BPMC | Hot Stocks08:08 EDT Blueprint Medicines presents proof-of-concept data for combination in NSCLC - Blueprint Medicines announced the presentation and publication of two clinical cases demonstrating proof-of-concept for BLU-667 in combination with osimertinib in treatment-resistant, EGFR-mutant non-small cell lung cancer, or NSCLC. In both cases, the combined agents overcame resistance to standard treatment due to an acquired RET fusion, resulting in significant tumor reductions. The data are being presented in a late-breaking oral presentation at the International Association for the Study of Lung Cancer 19th World Conference on Lung Cancer and published online in Cancer Discovery. BLU-667 is an investigational precision therapy currently being evaluated in the global Phase 1 ARROW clinical trial in patients with RET-altered NSCLC, medullary thyroid cancer and other solid tumors. The two patients treated with BLU-667 and osimertinib had advanced EGFR-mutant NSCLC that progressed on standard targeted therapy. Both patients experienced a partial response, with each achieving a 78% reduction in target tumors. The combination was well tolerated. Based on these data, Blueprint Medicines plans to explore opportunities to evaluate the combination of BLU-667 and osimertinib in additional patients with treatment-resistant, EGFR-mutant NSCLC harboring a RET fusion.
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CTB | Hot Stocks08:07 EDT Cooper Tire partner in GTP JV to change as share transfer agreement is signed - Cooper Tire announced that its partner in the China-based Qingdao Ge Rui Da Rubber, or GRT, truck and bus radial, or TBR, tire production joint venture will change. Sailun Jinyu Group Co., Ltd. has signed a share transfer agreement with Qingdao Yiyuan Investment, or (QYI, to acquire QYI's 35% interest in GRT, subject to government approval. Cooper owns 65% of GRT and has been a partner in the joint venture since 2016.
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LPNT | Hot Stocks08:06 EDT LifePoint announces retirement of chairman and CEO Bill Carpenter - LifePoint Health and its Board of Directors announced that current chairman and CEO William Carpenter III will retire upon completion of the company's pending merger with RCCH HealthCare Partners, which is anticipated to occur later this year. Following his retirement, Carpenter will join the merged organization's Board of Directors. David Dill, the company's current president and COO, will assume the role of CEO for LifePoint upon Carpenter's retirement. Carpenter has served as CEO since 2006 and was appointed the additional position as chairman of the Board in 2010. Dill joined LifePoint as EVP and CFO in 2007. He was named COO in 2009 and appointed president and COO in 2011. Dill will be the first CEO of the merged LifePoint and RCCH HealthCare organization, which will operate under the LifePoint Health name. Following the close of the transaction, LifePoint will operate a diversified portfolio of healthcare assets, including approximately 85 non-urban hospitals in 30 states, regional health systems, physician practices, outpatient centers and post-acute service providers, with leading market positions as the sole community healthcare provider in the majority of the regions it serves.
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IPAS TECD | Hot Stocks08:06 EDT iPass partners with Tech Data to serve Latin American market - iPass Inc. (IPAS) announced that it is partnering with Tech Data (TECD) to expand distribution of its wireless connection management and Wi-Fi connectivity service to the Brazilian market. In a release issued by Tech Data on September 19, Patricia Hume, COO of iPass said: "We are seeing great demand in the Latin American market for the intelligent connection management and secure Wi-Fi access that we can provide through the iPass SmartConnect platform. We are delighted to expand our partnership with Tech Data to Latin America, where they can significantly bolster our local presence and insight into the region."
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Z ZG | Hot Stocks08:05 EDT Zillow signs Canadian listings agreement with EXIT Realty Corp. International - Zillow announced that EXIT Realty Corp. International will expand its existing marketing agreement with Zillow to include listings from its Canadian franchises. Thousands of Canadian listings from EXIT Realty Corp. International and other participating Canadian brokerages will be featured on Zillow.com, driving unprecedented global exposure to Canadian homes for sale to the millions of home shoppers that visit Zillow.com every month. Every listing from EXIT Realty Corp. International on Zillow will include a description of the property, photos, the listing agent's contact information, and a link to the brokerage website so home buyers can easily find more information about the home or connect with a local real estate agent for next steps.
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INFN | Hot Stocks08:05 EDT Infinera says breaks real-time subsea spectral efficiency records over MAREA - Infinera announced the successful completion of a series of record-breaking submarine field trials over MAREA, a 6,600-kilometer submarine cable between Virginia Beach, Virginia and Bilbao, Spain. The trials used Infinera's fourth-generation Infinite Capacity Engine advanced coherent technology to achieve new records for trans-Atlantic real-time spectral efficiency: 6.21 bits per second per hertz over 6,644 km, translating to a fiber capacity of 26.2 terabits per second; 4.46 b/s/Hz over 13,210 km for 18.6 Tb/s fiber capacity.
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BC | Hot Stocks08:04 EDT Brunswick, MRAA partner for healthcare, extended service contracts - Brunswick Corporation's dealer services program, Brunswick Dealer Advantage, and the Marine Retailers Association of the Americas have announced a partnership which will provide Brunswick marine dealers with access to healthcare options through MRAA Health, while providing MRAA dealers with access to extended service contract sales through Brunswick Product Protection.
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HZO | Hot Stocks08:03 EDT Joi Scientific grants first technology license to MarineMax - Joi Scientific has signed the first-ever license agreement for its Hydrogen 2.0 production technology with MarineMax. The license agreement grants MarineMax the exclusive rights to develop, manufacture, and sell propulsion and auxiliary boat power systems capable of running on hydrogen extracted from seawater using Joi Scientific's Hydrogen 2.0 technology for the worldwide marine industry. MarineMax and Joi Scientific will undertake joint development to bring hydrogen-based energy solutions to leading vendors in the marine industry. Hydrogen 2.0 is the world's first hydrogen production process based on the clean and affordable extraction of hydrogen directly from untreated seawater, on-demand, at the point of use. Hydrogen 2.0 technology will allow MarineMax to power boats, yachts, and ships using direct combustion, hybrid electric, or fuel cells to convert the hydrogen to power. It is planned that the development of on-board power systems using Hydrogen 2.0 technology will be undertaken jointly by MarineMax, Joi Scientific, and their co-development partners who will work with vendors across the industry to develop complete solutions. Development work will initially focus on auxiliary power systems for yachts and for use in slow-speed cruising propulsion.
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NLSN | Hot Stocks08:03 EDT Nielsen announces expansion of its Total Audience capability - Nielsen announced an expansion of its Total Audience capability for local measurement of ads and content across all 210 local DMAs. This custom solution leverages key Nielsen Total Audience solutions including Digital Ad Ratings, Total Ad Ratings and Digital Content Ratings, to measure reach, frequency, and GRP performance for ads and content across digital and TV at the local market level. This is in addition to the inclusion of linear measurement contributions from virtual multi-channel video distributors directly to Local TV Ratings from earlier this year.
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UIS | Hot Stocks07:54 EDT Unisys selected by State of Kansas for $40M IT government platform - Unisys was selected as the winning bidder of an open request for proposals by the State of Kansas - a new client for Unisys - to provide a hybrid cloud solution designed to help the state establish a secure and modern IT infrastructure for the state's executive branch. The primary goal of the contract is to upgrade to a modern, secure environment while providing a lower overall operating cost for IT. Valued at approximately $40M, the contract spans 62 months, followed by two one-year option periods.
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NLST | Hot Stocks07:47 EDT Netlist moving to OTCQX - Netlist will move trading in its common stock to the OTCQX from The Nasdaq Capital Market effective September 27. Netlist was not in compliance with certain requirements for maintaining its listing on The Nasdaq Capital Market, including Nasdaq's $1 per share minimum bid price rule. Netlist has met all of these conditions with the exception of effecting a reverse stock split in order to cure the $1 minimum bid price deficiency. The Netlist board of directors decided to avoid the potentially dilutive effects of a reverse stock split and move voluntarily to the OTCQX. Netlist remains a public company and will retain the ticker symbol "NLST." The company plans to maintain an independent Board of Directors with an independent Audit Committee and to provide annual financial statements audited by a Public Company Accounting Oversight Board auditor and unaudited interim financial reports. Netlist intends to apply to relist on a national stock exchange in the future upon meeting the applicable initial listing standards of that exchange.
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JEC | Hot Stocks07:46 EDT C2K Partners awarded contract for NYCT's R211 new subway car program - C2K Partners, a joint venture between LTK Engineering Services of New York LLP and CH2M Hill New York, Inc. - now Jacobs Engineering Group - has been retained by the Metropolitan Transportation Authority's New York City Transit to provide post award consulting services for new, state-of-the-art R211 subway cars. C2K will provide technical and program management support services to NYCT during the design, manufacturing, delivery, testing and acceptance of the new cars that will feature expanded doors designed to reduce delays and increase train movement by speeding the boarding process and reducing the amount of time trains wait in stations. R211 cars will be equipped with monitoring systems that will have the capability to transmit information about performance to the wayside, making it possible to examine the trains before equipment failure and mitigate incidents which are critical to safety and service performance of the subway. The cars will also include digital displays providing improved information about service, enhanced grab rails, brighter lighting and improved signage.
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VVUS | Hot Stocks07:41 EDT VIVUS regains compliance with Nasdaq - VIVUS announced that it has regained full compliance with Nasdaq listing requirements. In a letter, Nasdaq informed the company that it has achieved compliance with the minimum bid price rule and is in compliance with other applicable requirements required for continued listing on the Nasdaq Capital Market.
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ZLAB TSRO | Hot Stocks07:38 EDT Zai Lab presents results of PK study for ZL-2306 - Zai Lab (ZLAB) presented results of its open-label study to evaluate the pharmacokinetic, or PK, profile of ZL-2306 made in China in Chinese ovarian cancer patients. Results from the study show comparable PK profile of the Chinese patients administered ZL-2306 to that of patients evaluated in Tesaro's (TSRO) global PK study. These data were presented at the 21st Annual Meeting of the Chinese Society of Clinical Oncology, or CSCO. The open-label PK Study enrolled 36 Chinese patients with stage III or IV epithelial ovarian, fallopian tube or primary peritoneal cancer. Patients had received no more than two lines of platinum-based therapy and were responsive to the most recent platinum-based treatment. Subjects were randomly assigned to dose levels of 100mg, 200mg and 300mg. The primary objective of the study was to assess the PK profile of ZL-2306 in Chinese patients following both single and multiple doses. The secondary objective was a safety assessment. There were no unexpected safety issues noted during the trial. All key PK and safety parameters were comparable to those in global studies. The study results and population PK data did not identify ethnicity differences between Chinese and non-Chinese patients. The positive outcome of this PK study will further enhance ZL-2306 application package in China.
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PRIM | Hot Stocks07:35 EDT Primoris announces $11M pipeline award - Primoris announced a new pipeline award valued over $11M. The contract was secured by Primoris field services, part of the pipeline & underground segment. The project was awarded by an E&C company for work at a major chemical manufacturer's facility in southeastern Texas. The scope of work includes construction of seven pipelines, totaling nearly ten miles and ranging from 8" to 12" in diameter. Work is scheduled to commence in Q3 and completion is expected in Q1 of 2019.
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RARX | Hot Stocks07:34 EDT RA Pharmaceuticals announces results from Phase 1b study of zilucoplan - Ra Pharmaceuticals announced positive results from the Company's Phase 1b pharmacokinetic study evaluating zilucoplan in patients with renal impairment. The Company has received International Nonproprietary Names clearance for use of the name zilucoplan from the World Health Organization. The Phase 1b, multi-center, open-label trial was designed to evaluate the PK profile of zilucoplan in patients with severe renal impairment as a lead-in to studying zilucoplan in complement-mediated renal disorders. The trial enrolled 16 subjects, including eight patients with severe renal impairment matched with eight healthy control subjects with normal renal function. Each patient received a single, subcutaneous dose of 0.3 mg/kg of zilucoplan. The PK profile of zilucoplan was consistent across both groups, with exposures similar in renally-impaired patients and healthy volunteers. There were no adverse events reported. Overall, the data indicate that zilucoplan can be used in clinical studies of patients with renal impairment without any need for dose adjustment. Zilucoplan is currently being studied in a Phase 2 study in generalized myasthenia gravis with a top-line data read-out expected around year-end 2018. The Company also recently completed interactions with regulators, including the U.S. Food and Drug Administration, for its global Phase 3 program of zilucoplan for the treatment of paroxysmal nocturnal hemoglobinuria. Based on these interactions, Ra Pharma plans to initiate a global, pivotal, single-arm Phase 3 trial in treatment-naive PNH patients during the first half of 2019.
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ALDX | Hot Stocks07:33 EDT Aldeyra up 57% after 'positive' results from Phase 2b dry eye disease trial - In pre-market trading, shares are up 57% to $15.55.
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KELYA KELYB | Hot Stocks07:33 EDT Kelly Services makes equity investment in Business Talent Group - Kelly Services announced it has made an equity investment in Business Talent Group, a marketplace for on-demand consultants, experts, and executives. As the lead investor in BTG's Series C funding, Kelly Services will hold a minority stake in BTG; other terms of the investment were not disclosed.
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KELYA KELYB | Hot Stocks07:32 EDT Kelly Services makes equity investment in Business Talent Group - Kelly Services announced it has made an equity investment in Business Talent Group, a marketplacefor on-demand consultants, experts, and executives. As the lead investor in BTG's Series C funding, Kelly Services will hold a minority stake in BTG; other terms of the investment were not disclosed.
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AGN | Hot Stocks07:31 EDT Allergan says FDA accepts sNDA for VRAYLAR - Allergan announced that the U.S. FDA has accepted for review the company's supplemental New Drug Application for VRAYLAR, seeking to expand the indication to include the treatment of depressive episodes associated with bipolar I disorder in adults in the current product label. The sNDA is supported by data from three pivotal trials, including RGH-MD-53, RGH-MD-54 and RGH-MD-56. In all three pivotal studies, cariprazine demonstrated greater improvement than placebo for the change from baseline to week 6 on the Montgomery Asberg Depression Rating scale total score. Both cariprazine 1.5 mg and 3 mg demonstrated superiority to placebo in reducing depressive symptoms associated with bipolar I depression.
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WPP | Hot Stocks07:16 EDT WPP creates new brand experience agency VMLY&R - WPP announced the creation of a new agency, VMLY&R, uniting two leading brands to deliver a contemporary, fully integrated digital and creative offering to clients on a global scale. VMLY&R's proposition will combine brand experience and brand advertising, drawing on the complementary expertise of VML and Y&R to create connected brands that drive value for clients. The new agency will be led by Global CEO Jon Cook, who is currently Global CEO of VML. Jon will report to Mark Read, Chief Executive Officer of WPP. David Sable, former Global CEO of Y&R, will continue to support Jon, VMLY&R and its clients as Non-Executive Chairman as he transitions to a new role in WPP. Y&R is one of the industry's iconic agencies, known for building many of the Fortune 500's biggest brands. Its renowned strategic approach, married with innovation and creative talent, has led to some of the most famous and culturally transformative campaigns around the world. Y&R developed the world's first and largest brand management tool, its proprietary BrandAsset Valuator, which fuels both strategic and creative decisions with data and insights. The agency's work has consistently driven the bottom line for its clients and is continuously recognized at every major awards festival, including Cannes, D&AD, the Effies and The One Show. VML has established itself as one of the most forward-looking agencies in today's marketplace - blending award-winning creativity with deep expertise in digital marketing. The agency has been recognized at all international creative award shows, including being named Entertainment Agency of the Year for two years in a row at the Cannes Lions International Festival of Creativity; has been noted as a digital leader by Forrester and Gartner; and was one of the first agencies to be certified by the 3% Movement, an organization that champions female creative leadership, diversity and inclusion.
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TTOO | Hot Stocks07:09 EDT T2 Biosystems new data suggests T2Lyme Panel is more accurate than other tests - T2 Biosystems announced new data suggesting the T2Lyme Panel is more accurate than other diagnostics for identifying Borrelia infections for patients suspected of having early Lyme disease. Run on the fully automated FDA-cleared T2Dx Instrument, the T2Lyme Panel is designed to detect Lyme disease-causing bacteria in 3 to 5 hours. The data from a 2017 pre-clinical study evaluated 21 patients enrolled with an erythema migrans, or EM, rash with suspected early Lyme disease and assessed with multiple Lyme diagnostics. The study compares various diagnostic methods with the T2Lyme Panel, in determining a definitive Borrelia infection, using tissue biopsy culture from the EM rash. Of all the diagnostics tested, the T2Lyme Panel blood test was the most accurate compared to tissue culture with a 78% positive percent agreement, or PPA, and 100% negative percent agreement, or NPA. Two-tier serology, the currently recommended diagnostic, had a 56% PPA and 92% NPA compared to tissue culture, while blood polymerase chain reaction did not correctly identify any positives. Eight patients were negative for all diagnostics. The 100% NPA of the T2Lyme Panel indicates greater specificity over serology resulting in less incidence of false positive results. Overall, the T2Lyme Panel has been evaluated against 558 negative samples with no false-positive results.
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TLRY | Hot Stocks07:08 EDT Supreme Cannabis signs C$12M guaranteed supply agreement with Tilray - The Supreme Cannabis Company announced that the company's wholly owned subsidiary, 7ACRES, has entered into a supply agreement to provide dried cannabis to Tilray Canada Ltd., a subsidiary of Tilray. This agreement is a guaranteed commitment to purchase. It will cover the twelve-month period starting October 1, 2018 and is estimated to have a value of approximately C$12M. As was the case with the recently announced deal between the two companies, the dried cannabis provided to Tilray by 7ACRES will be used primarily to support medical cannabis patients in Canada, including Tilray's robust patient population.
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SNOA | Hot Stocks07:07 EDT Sonoma announces licensing of antimicrobial hypochlorous acid solution - Sonoma Pharmaceuticals announced it has licensed its antimicrobial hypochlorous acid eye solution for management of blepharitis to Brill Pharma, S.L. in the Spanish and Portuguese markets. The formulation, marketed in the United States as Acuicyn Eyelid and Eyelash Hygiene solution, is a safe and efficacious method to keep areas around the eye and eyelids/eyelashes clean. Sonoma's performance-stabilized 100% hypochlorous acid, which is at the heart of Acuicyn, can be used safely around eyes, ears, nose and mouth without concerns about toxicity or stinging. The Spanish/Portuguese formulation, to be branded as Ocudox, will be marketed as a pre-surgical antimicrobial for use in eye surgery, intraoculus injections and any eye manipulation that requires sterile conditions. Ocudox is expected to become available in Spain and Portugal beginning early 2019.
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MDR ETR | Hot Stocks07:06 EDT McDermott receives full notice to proceed on Entergy's MCPS project - McDermott International (MDR) announced it received full notice to proceed from Entergy Texas (ETR) on the Montgomery County Power Station, a 993-megawatt combined-cycle natural gas power plant in Willis, Texas. The substantial contract was originally awarded in Q1 2017 for McDermott to perform the engineering, procurement, construction and commissioning of a 2x1 Combined Cycle Power Station totaling 993-megawatts. The combined-cycle gas turbine plant will help serve Entergy's more than 455,000 customers in the 27 counties located across Southeast Texas. Full notice to proceed fully authorizes McDermott to begin EPC services for the plant. The contract award will be reflected in McDermott's third quarter 2018 backlog.
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GLOP | Hot Stocks07:05 EDT GasLog Partners to sell 2.25M common units for $53.1M - GasLog Partners announced an agreement to sell 2.25M common units to funds managed by Tortoise Capital Advisors for gross proceeds of $53.1M. The common units are being sold at a price of $23.60 per common unit through the partnership's at-the-market common equity offering program. The partnership plans to use the net proceeds from the sale for general partnership purposes, which may include future acquisitions, debt repayment, capital expenditures and additions to working capital. We currently expect that this will include future acquisitions from GasLog.
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DDAIF... | Hot Stocks07:04 EDT EU commercial vehicle registrations up 2.3% in July, up 7.3% in August - EU new commercial vehicle registrations increased 2.3% in July and 7.3% in August, marking the fifth consecutive month of growth, according to the European Automobile Manufacturers Association. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN).
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CPF | Hot Stocks07:03 EDT Central Pacific names Paul Yonamine as Chairman and CEO - Central Pacific Financial announced that, effective October 1, 2018, Paul Yonamine, a current outside director of CPF and CPB, will assume the positions of Chairman and CEO of CPF, and Executive Chairman of CPB. Yonamine joined the Boards of Directors of CPF and CPB in June 2017, and his new appointments were approved by both boards on September 25, 2018.
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CNCE | Hot Stocks07:03 EDT Concert Pharmaceuticals amends protocol of Phase 2a trial to evaluate CTP-543 - Concert Pharmaceuticals announced that it will include an additional cohort of patients in the Phase 2a trial evaluating CTP-543. The protocol amendment provides for additional patients to be enrolled in the trial in order to evaluate a 12 mg dose of CTP-543 or placebo twice daily for 24 weeks. In 3Q18, an independent Data Monitoring Committee conducted a planned interim safety data review after patients in the trial had been dosed with an 8 mg dose of CTP-543 or placebo twice daily for at least 12 weeks. Based on this review, the DMC provided its recommendation to continue with the current 8 mg cohort to completion and also provided support for an additional cohort to evaluate the 12 mg dose twice daily. The company has initiated enrollment in the 12 mg cohort. The company also expects to report topline data from the 4 mg and 8 mg cohorts of the Phase 2a trial in 4Q18. The Phase 2a trial is a double-blind, randomized, placebo-controlled, sequential dose trial to evaluate the safety and efficacy of CTP-543 in adult patients with moderate-to-severe alopecia areata. With the protocol amendment, patients are randomized to receive one of three doses of CTP-543 or placebo twice daily. Enrollment in the 4 mg and 8 mg cohorts is complete and enrollment in the 12 mg cohort is ongoing. The primary outcome measure will utilize the severity of alopecia tool after 24 weeks of dosing.
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ALDX | Hot Stocks07:02 EDT Aldeyra announces 'positive' results from Phase 2b dry eye disease trial - Aldeyra Therapeutics announced positive results from its Phase 2b clinical trial of topical ocular reproxalap in patients with dry eye disease. "The early onset and broad activity observed in the Phase 2b clinical trial suggests that reproxalap could be an important treatment option relative to existing therapies," commented John Sheppard, M.D., Professor of Ophthalmology, Eastern Virginia Medical School. "The results announced today confirm the potential of reproxalap, a drug with a novel mechanism of action, as a promising and differentiated therapeutic agent for dry eye disease, which remains a persistently challenging condition for large numbers of patients worldwide." The randomized, vehicle-controlled, parallel-group, multi-center, double-masked Phase 2b clinical trial investigated 0.1% and 0.25% concentrations of reproxalap topical ophthalmic solution versus vehicle. Relative to patients treated with vehicle, patients treated with the 0.25% concentration of reproxalap had statistically significant and clinically relevant reductions in the Four-Symptom Ocular Dryness Score and the Overall Ocular Discomfort Symptom Score. Symptom improvement greater than that of vehicle was consistently observed across all measures, and activity versus vehicle was demonstrated as early as two weeks (the first assessment following initiation of therapy). The early onset of symptomatic improvement is consistent with the Phase 2a clinical trial of topical ocular reproxalap in dry eye disease, and is supportive of a differentiated product profile relative to current standard of care. Patients treated with the 0.25% concentration of reproxalap also demonstrated reductions in ocular fluorescein staining score that were statistically superior to those of patients treated with vehicle. Both 0.1% and 0.25% reproxalap concentrations demonstrated activity relative to vehicle, and a clear dose response was observed. Consistent with previous clinical trials, topical ocular reproxalap was well tolerated, and reported adverse events were generally mild. Three hundred patients with dry eye disease were randomized equally to receive 0.1%, 0.25%, or vehicle for 12 weeks. The primary objective of the trial was to evaluate the safety and efficacy of reproxalap for the treatment of the symptoms and signs of dry eye disease in order to select a drug concentration, confirm endpoint selection, and determine sample size for a pivotal Phase 3 clinical program.
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WBC | Hot Stocks06:55 EDT Wabco joins ENSEMBLE consortium - WABCO announced at IAA Commercial Vehicles 2018 that it has joined the ENSEMBLE consortium to develop advanced safety technologies for multi-brand platooning on roads in Europe. This, in addition to WABCO's close collaboration on the platooning programs of two global original equipment manufacturers, headquartered in Europe, marks another industry milestone towards autonomous driving for commercial vehicles on highways.
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WEX | Hot Stocks06:47 EDT Wex partners with Moneris in Canada - WEX has integrated with Moneris Solutions, Canada's largest processor of debit and credit payments. The partnership will allow petroleum-based businesses to accept WEX fleet cards using Moneris' PetroTrak point-of-sale and fleet management solution. The PetroTrak host certification provides national merchants with a comprehensive fleet management solution to process WEX Fleet Cards, as well as commercial, credit and debit card payments. Moneris is the first acquirer in Canada with a direct host connection to WEX.
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MRK | Hot Stocks06:46 EDT Merck board rescinds mandatory CEO retirement policy - Merck announced that its Board of Directors has rescinded its policy subjecting the company's CEO to mandatory retirement at age 65. Merck also announced that its current CEO, Kenneth Frazier, has agreed to remain in his position beyond December 2019, when he turns 65.
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TEN | Hot Stocks06:40 EDT Tenneco to supply suspension technology on Jaguar E-PACE SUV - Tenneco will supply suspension technology for the Jaguar E-PACE compact SUV. Tenneco's conventional front strut and rear shock absorber will be standard equipment on the vehicle, while the Continuously Variable Semi-Active suspension system from its Monroe Intelligent Suspension portfolio will be included in the adaptive dynamics package. Tenneco's CVSAe dampers are integrated in the Jaguar Land Rover Adaptive dynamic system. The company supplies the Jaguar E-PACE front strut and rear shock from its manufacturing facilities in Gliwice, Poland and Hodkovice, Czech Republic and the CVSAe suspension system from its facility in Ermua, Spain.
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AZZ | Hot Stocks06:36 EDT AZZ Inc. awarded $50M contract from Three Gorges Jinsha River Yunchuan - AZZ Inc. announced that it was awarded a contract from the Three Gorges Jinsha River Yunchuan Hydropower Development to provide 8 circuits of 550kV 4,000 amp gas insulated Line , or GIL, for the Ningnan Baihetan Hydro Power Project. The Baihaten Hydropower Project and the Wudongde Project together form the second phase of four large hydropower projects being constructed downstream on the Jinsha River. AZZ had previously announced a contract award to provide 8,900 meters of GIL to be installed in two vertical shafts for the Wudongde Project. Under the terms of the contract, AZZ will provide approximately 16,850 meters of 550kV GIL and auxiliary equipment for the Baihetan hydropower plant. The 16,000 MW capacity Baihetan project is the second largest hydropower plant in the world. The GIL will be installed in a series of vertical shafts that will transmit high voltage electricity from 120 to 300 meters. The total value of the contract award is estimated to be valued at approximately $50M with delivery scheduled to begin the second half of 2019 and complete by Q3 of 2020.
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AMAG | Hot Stocks06:35 EDT Amag Pharmaceuticals acquires orphan drug candidate for preeclampsia - Amag Pharmaceuticals has acquired global rights to develop and market digoxin immune Fab, a polyclonal antibody in development for the treatment of severe preeclampsia in pregnant women. Amag and Velo Bio, a privately held life sciences company located in North Carolina, entered into an option agreement in July 2015 to develop DIF. The companies have amended the agreement, enabling Amag to exercise its option to acquire the program for an upfront fee of $12.5M. Amag will now manage and complete the Phase 2b/3a study that Velo initiated in mid-2017. The company expects to announce topline data in 1H20 and to submit a new drug application to the FDA in 2H20. DIF has been granted both orphan drug and fast-track designations by the FDA for use in the treatment of severe preeclampsia. Currently, there are no FDA-approved treatments for preeclampsia or severe preeclampsia. Approximately 200 antepartum women with severe preeclampsia between 23 and 32 weeks gestation will be enrolled in the Phase 2b/3a study. The study's primary endpoint is to demonstrate a reduction in the percentage of babies who develop severe intraventricular hemorrhage, necrotizing enterocolitis or death by 36 weeks corrected gestational age between the DIF and placebo arms. Secondary endpoints include the maternal incidence of pulmonary edema during treatment and the period of time between treatment and delivery. In addition to the upfront $12.5M that Amag will pay in connection with the option exercise, Amag will be responsible for a $35M milestone payment upon FDA approval. Amag will also pay sales milestone payments of an aggregate of $240M, triggered at various annual net sales thresholds of $300M and above, and a $10M payment to a previous licensor of the AMAG-423 program on the first $100M of sales. AMAG will also pay mid-single digit royalties based on net sales. The expected incremental research and development costs associated with advancing AMAG-423 in 2018 does not impact the financial guidance issued.
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ALXN | Hot Stocks06:32 EDT Alexion to acquire Syntimmune for upfront payment of $400M - Alexion Pharmaceuticals and Syntimmune announced that they have entered into a definitive agreement for Alexion to acquire Syntimmune, a clinical-stage biotechnology company developing antibody therapeutics targeting the neonatal Fc receptor. SYNT001 - a humanized monoclonal antibody that inhibits the interaction of FcRn with Immunoglobulin G and IgG immune complexes - has the potential to improve treatment in a number of rare IgG-mediated diseases. SYNT001 is currently being evaluated in Phase 1b/2a studies in patients with warm autoimmune hemolytic anemia and in patients with pemphigus vulgaris or pemphigus foliaceus and has demonstrated proof of mechanism showing rapid IgG reduction. Under the terms of the agreement, Alexion will acquire Syntimmune for an upfront payment of $400M, with the potential for additional milestone-dependent payments of up to $800M, for a total value of up to $1.2B. Alexion's acquisition of Syntimmune is subject to the satisfaction of customary closing conditions, including approval from relevant regulatory agencies. Pending these approvals, the transaction is expected to close in the fourth quarter of 2018. Alexion intends to finance the acquisition through cash on hand.
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NSANY | Hot Stocks06:25 EDT Nissan cites 'low awareness' in report on misconduct in sample testing - The company said, "Nissan Motor submitted a detailed investigation report to the Japanese Ministry of Land, Infrastructure, Transport and Tourism on misconduct in sample testing within the final vehicle inspection process at plants in Japan. On July 9, Nissan reported the following two areas of misconduct in exhaust emissions and fuel economy sample testing discovered as a result of voluntary internal checks: 1) deviations from the test environment; 2) rewriting of measurement values. The report was submitted in line with MLIT's direction to do so after establishing dedicated teams to conduct a full and comprehensive investigation of new facts and considering appropriate countermeasures following confirmation of any other potential nonconformities in the kanken process...Following the investigations into the factors and background that have caused misconduct in sample testing, Nissan's view is that the root of the issue is the same as last year's kanken issues. As a company -executives, managers to plant supervisors - Nissan had extremely low awareness of the gravity of violating kanken standards and rules. Nissan recognizes that the nature of the issue is the same, and that as a company Nissan must thoroughly reinforce the understanding of the importance of kanken, reduce the distance between the gemba and managers,supervisors in this particular case, and ensure that managers have a sufficient grasp of the gemba. Nissan believes that a style of management that causes organizational fatigue is not sustainable. Nissan does not pursue such a style of management, even though healthy striving for improvement and achievement is encouraged. As a manufacturer, however, ceaseless effort to reduce costs is essential, and therefore the discovered issues should not be directly linked with such effort. On the other hand, if Nissan's focus on cost effectiveness indeed caused factors such as the lack of gemba management and sample testing personnel as the third-party investigation report states, Nissan must recognize that priorities were misjudged and the company lacked an understanding of what was happening in the gemba since the beginning of this issue. If the issues are due to a lack of situational understanding, Nissan recognizes that management must lead the effort to understand the realities and align that with employees...Nissan will continue to carry out comprehensive checks of frameworks, organizations and processes related to regulatory compliance, within functions not limited to those directly involved in manufacturing. Strict adherence to compliance is a top priority for Nissan's management, and if issues are discovered, appropriate measures will be taken. Nissan is committed to promoting and enforcing compliance and awareness thereof in all operational areas." Reference Link
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GOOG GOOGL | Hot Stocks06:22 EDT Google names privacy lawyer Keith Enright as Chief Privacy Officer - Google has named its longtime privacy lawyer, Keith Enright, as chief privacy officer as the company proposed policies for potential federal regulation of data. "In this role, I set the priorities for the privacy program at Google, including continually challenging ourselves to make sure our privacy and security tools, policies, and practices are as user-focused as every other aspect of our business. My team's goal is to help you enjoy the benefits of technology, while remaining in control of your privacy," Enright said in a blog post. Reference Link
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DAL | Hot Stocks06:09 EDT Delta Air Lines: All IT systems have been restored following 'technology issue' - Delta said in a statement that its teams have "restored all IT systems after a technology issue briefly affected some systems this evening. Delta employees are now working diligently to accommodate customers whose travel plans have been affected. Booking, check-in and flight status are now available on delta.com... During the technology issue, Delta issued a mainline groundstop in the U.S. until systems could be brought back up. There was no disruption or safety impact on any Delta flights in the air." Technology problems forced Delta to temporarily halt all of its departing domestic flights on Tuesday night. The airline issued a statement around 8:30pm that said "Delta IT teams are working diligently to address a technology issue impacting some of our systems. We have issued a Delta groundstop as we work to bring systems back up as quickly as possible. There has been no disruption or safety issue with any Delta flight currently in the air. We apologize to all customers for this inconvenience." Reference Link
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DDAIF | Hot Stocks06:05 EDT Daimler: Kallenius to become chairman in 2019
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DDAIF | Hot Stocks06:05 EDT Daimler: Zetsche to succeed Bischoff in supervisory board
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DDAIF | Hot Stocks06:04 EDT Daimler says Ola Kaellenius to succeed Dieter Zetsche as CEO - The regular expiry of the term of office of the Chairman of the Supervisory Board, Dr. Manfred Bischoff, is at the end of the Annual Shareholders' Meeting in 2021. In view of the challenges presented by the transformation of the automotive industry, the Supervisory Board intends to prepare a suitable succession at an early stage. The Supervisory Board of Daimler AG intends to propose to the shareholders at that meeting that Dieter Zetsche be elected as a member of the Supervisory Board. Manfred Bischoff will recommend the election of Dieter Zetsche as his successor as the Chairman of the Supervisory Board, taking effect at the end of the Annual Shareholders' Meeting in 2021. In order to comply with the two-year cooling-off period, Dieter Zetsche will therefore step down from his position in the Board of Management of Daimler AG and as Head of Mercedes-Benz Cars effective at the end of the Annual Shareholders' Meeting in 2019. In its meeting today, the Supervisory Board of Daimler AG therefore decided to appoint Ola Kallenius for a new term of five years as Chairman of the Board of Management of Daimler AG, effective in direct connection, and also to appoint him as the Head of the Mercedes-Benz Cars division. "With Dieter Zetsche's intended appointment as Chairman of the Supervisory Board, we are ensuring continuity for the sustained success of Daimler AG. In Ola Kallenius, we are appointing a recognized, internationally experienced and successful Daimler executive as Chairman of the Board of Management of Daimler AG and Head of Mercedes-Benz Cars. At the same time, we are relying on the proven dual responsibility of the Chairman of the Board of Management as the head of the largest division, Mercedes-Benz Cars," stated Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG.
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CAE | Hot Stocks06:02 EDT CAE USA awarded $200M Air Force training system contract - CAE USA has been awarded a United States Air Force contract to provide comprehensive C-130H aircrew training services. CAE USA will be the prime contractor on the C-130H Aircrew Training System program that supports the training of U.S. Air Force C-130H aircrews. CAE USA will provide simulator instruction, maintenance support services, and deliver modifications and upgrades for C-130H aircrew training devices. The eight-year contract, awarded as a three-month transition effective October 1, 2018 with a one-year base period and seven additional option periods, is valued at a total of more than US$200M.
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A | Hot Stocks06:01 EDT Agilent to acquire ACEA Biosciences, terms not disclosed - ACEA Biosciences announced that it has signed a definitive agreement to join Agilent Technologies. ACEA Biosciences is a company known for developing highly innovative products, which are used in academia, as well as the biotech and pharmaceutical industries.
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BRKS | Hot Stocks05:32 EDT Brooks Automation acquires GENEWIZ Group for $450M - Brooks Automation announced that it has entered into a definitive agreement to acquire GENEWIZ Group, a global genomics service provider headquartered in South Plainfield, New Jersey. The total cash purchase price for the acquisition will be approximately $450M, subject to working capital and other adjustments. The transaction is expected to close by the end of this calendar year upon satisfaction of customary closing conditions and regulatory approvals. The company provides gene sequencing and synthesis services for more than 4,000 institutional customers worldwide supported by their global network of laboratories spanning the United States, China, Japan, Germany and the United Kingdom. GENEWIZ, founded in 1999, is privately-held. Management expects GENEWIZ to exceed $140M in revenue in the next twelve months, which corresponds to Brooks' fiscal year, and expects the acquisition will immediately be accretive to non-GAAP earnings. The company will fund the acquisition from cash on the balance sheet supplemented with incremental debt. Dr. Amy Liao is a co-founder and the CEO of GENEWIZ, and will continue to lead the business under Brooks' ownership.
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JOUT | Hot Stocks05:30 EDT Johnson Outdoors raises quarterly cash dividend to 14c per Class A share - Johnson Outdoors announced approval by its board of a quarterly cash dividend of 14c per Class A share and 12.73c per Class B share. "This dividend increase reflects our confidence in our business performance and strategic plans," said David Johnson, Vice President and CFO. The quarterly cash dividend is payable on October 24, to shareholders of record at the close of business on October 10.
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ICLK CTRP | Hot Stocks05:28 EDT iClick Interactive Asia enters collaboration with Ctrip - iClick Interactive Asia Group Limited (ICLK) announced it is collaborating with Ctrip.com (CTRP) to create an e-commerce platform that allows retailers to directly target China's 130 million-plus foreign travellers and provides them tools to maximise sales closure. The platform, expected to launch in China in the fourth quarter 2018, utilizes iClick's proprietary technology capable of gathering precise data from its 750 million profiled Chinese consumers, including which websites these individuals typically visit to shop for certain products and services. iClick will power new tools on the collaborative platform that increase the capability to identify and target travellers from China. All travellers purchasing flights on Ctrip will be given access to the platform and subsequently have the chance to pre-order products through the Duty-Free operator at their destination airport before leaving China. The travellers will have access to hundreds of globally renowned brands and "must-have" local products. The shopping experience for travellers will further be improved through personalized messaging, flexible real-time pricing and payment options, prior to and during their trip. Participating retailers on the platform will be able to establish an online storefront for selling their products while accessing anonymous but comprehensive data on relevant travellers. As a result, these retailers are expected to significantly increase their sales volumes without an appreciable increase in expense. iClick will distribute the new platform to thousands of travel retailer brands, including both Chinese and international brands that traditionally market to the more lucrative segment of Chinese outbound travellers. iClick expects to derive revenue from the platform through subscription fees paid by participating retailers and via ad placement by brands that may or may not be the subscribers of the platform.
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EDAP | Hot Stocks05:26 EDT EDAP TMS announces results of HIFU study by Houston Methodist Medical Center - EDAP TMS announced the results of a study conducted at Houston Methodist Medical Center in Houston, TX that showed High Intensity Focused Ultrasound, or HIFU, to be safe and effective, with oncologic control for prostate cancer patients. The study will be formally presented at a sectional meeting of the American Urological Association in Nashville, TN on September 26, 2018. Researchers evaluated the clinical outcomes from July 2016 to July 2018 on 24 patients who had a whole-gland HIFU procedure using the EDAP Ablatherm Robotic HIFU machine. Significantly, during initial follow-up with participants in the Houston study, 80 percent of the patients had PSA scores below 0.5 ng/mL. HIFU is a technology that was cleared by the Food & Drug Administration for prostate tissue ablation in 2015. It has since provided a middle ground for localized prostate treatment, serving as an option between active surveillance and radical prostatectomy or radiation, which has a high occurrence of impotence and incontinence. HIFU can be repeated-unlike surgery and radiation-and lowers the chances of long-term side effects. Brian Miles, MD was the lead researcher for the study. He is a board-certified urologist, professor of Urology at Weill Cornell Medical College of Cornell University and Baylor College of Medicine, and practicing urologic oncologist at Houston Methodist Hospital. "We were pleased to see that the majority of patients had undetectable PSA levels at three months," said Dr. Miles. "In addition to the PSA results, the main outcomes reported in our HIFU study included feasibility, learning curve, PSA and Quality of Life, i.e., side effects such as erectile dysfunction, stress urinary incontinence and urinary symptom scores.
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OMN | Hot Stocks05:25 EDT Omnova Solutions acquires Resiquimica, terms not disclosed - Omnova Solutions announced that it has acquired Resiquimica, S.A., a Portugal-based producer of resins and binders for the coatings and building and construction industries. Resiquimica's aqueous polymer emulsions and solvent-borne alkyd and acrylic resins are key elements used in a wide variety of residential and industrial coatings. Additionally, unsaturated polyester resins from Resiquimica are targeted at demanding applications in marine, food storage tanks, and more. Geographic markets served by Resiquimica include Portugal, Spain, France, and North Africa.
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BFRA | Hot Stocks05:23 EDT Biofrontera starts patient recruitment for U.S. Phase III trial of Ameluz - Biofrontera AG announced that patient enrollment started for its U.S. phase III trial for Ameluz for the treatment of superficial basal cell carcinoma, or BCC. The study investigates the safety and efficacy of conventional photodynamic therapy, or PDT, with Ameluz in combination with the company's BF-RhodoLED lamp. The FDA has, after intensive assessment, agreed with the protocol of the study. This randomized, double-blind and placebo-controlled study will include 186 patients at 12 study sites in the United States. Each patient will have one or more clinically and histologically confirmed superficial BCC. Patients will receive one cycle of two PDTs 1-2 weeks apart, which may be repeated after three months if required. The last assessment of the patients will take place three months after the last PDT cycle. After completion of the trial, Biofrontera will follow patients for an additional 5-year period. The clinical trial results are expected in the first half of 2020. Biofrontera anticipates FDA submission of the approval supplement of Ameluz for superficial BCC during the second half of 2020.
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TFX | Hot Stocks05:21 EDT NeoTract announces results from 5 real-world studies of UroLift System - NeoTract, a wholly owned subsidiary of Teleflex, announced the presentation of new clinical data at the World Congress of Endourology 2018 Annual Conference from five studies of the company's novel UroLift System for patients with Benign Prostatic Hyperplasia, or BPH. "The real-world results from these studies of diverse patient populations on three continents reaffirm the sustained benefits of the UroLift System as an accepted standard of care treatment for patients with BPH," said Dave Amerson, president of the NeoTract Interventional Urology business unit. "We are pleased that we continue to see results from real-world studies in line with our randomized pivotal study, demonstrating that the UroLift System is a safe and effective minimally invasive treatment that offers men long-term relief from the symptoms of BPH." The "Real-World Experience" study, which enrolled 156 patients at the Norfolk & Norwich University Hospital in the U.K., compares outcomes of patients with BPH who received treatment with the UroLift System in a real-world setting to those seen in clinical studies. The data, presented by Mark Rochester, M.D., consultant urological surgeon of Norfolk and Norwich University Hospitals NHS Foundation Trust U.K., demonstrates International Prostate Symptom Score, or IPSS, improvement for patients treated with the UroLift System in a real-world setting, as well as improved quality of life, or QoL, and peak flow rate, or Qmax, at both the three and six-month follow up timepoints. At three months, patients experienced an average improvement of 10.0 points in IPSS, 2.2 points in QoL and 4.8 mL/s in Qmax. These results were statistically not different from those observed in the pivotal L.I.F.T. study. "The excellent results of this large study were consistent with the pivotal L.I.F.T study," said Dr. Rochester. "These outcomes demonstrate that the UroLift System can be used to treat patients with BPH in the real world safely and effectively."
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TFX | Hot Stocks05:19 EDT NeoTract announces results of 2 studies of novel UroLift System - NeoTract, a wholly owned subsidiary of Teleflex, announced the presentation of new clinical data at the World Congress of Endourology 2018 Annual Conference from two U.K. studies of the company's novel UroLift System for patients with Benign Prostatic Hyperplasia, or BPH. "This analysis of the UroLift System demonstrates its transformative impact on BPH care within a major health system," said Dave Amerson, president of the NeoTract Interventional Urology business unit. "These real-world results continue to support the safety and efficacy of the UroLift System findings of our pivotal trial, and also suggest that the adoption of the UroLift System can save health systems millions in reduced organizational costs when compared to the traditional invasive surgical TURP procedure for patients with BPH." Data from this real-world study, presented by Oliver Kayes, M.D., urologist of Leeds Teaching Hospitals NHS Trust, shows that treatment of BPH with the UroLift System shortens operation time while also reducing patients' hospital stay to an average of 0.4 days, compared to 4.6 days for acute TURP and 1.8 days for elective TURP. Results from this study demonstrate that BPH treatment with the UroLift System reduced overall costs by 42% when compared to the TURP surgery. Further analysis from the single-center study calculates that adoption of the UroLift System for 50% of all BPH surgeries at the hospital would generate an additional annual savings of GBP 42,000, while also saving 300 bed days and 106 hours of operating theatre time each year. "The results of this study demonstrate that the UroLift System moves BPH procedures into day-case settings, achieving positive patient outcomes without financial investment or increased complications in patients with BPH," said Dr. Kayes. "Data from this study also suggests that adoption of the UroLift System would increase overall capacity, allowing for healthcare centers to focus on critical cancer targets and waiting times, while reducing delays in both urgent and non-urgent surgery."
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FTI | Hot Stocks05:17 EDT TechnipFMC signs strategic collaboration agreement with Equinor - TechnipFMC has signed a strategic collaboration agreement with Equinor. The agreement states that the two parties will collaborate in continuous improvements to enable developing Equinor's offshore projects globally, and covers the full scope of TechnipFMC products and services, from early phase, through project execution, including installation and subsea operations services. It reflects the ambition of the parties to engage early through pre-FEED and Concept development in order to obtain sustainable cost reductions. This agreement builds on the long relationship between the two companies, including the recent successes of the company's integrated EPCI delivery on the Trestakk and Visund Nord projects to Equinor.
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AMZN | Hot Stocks05:17 EDT Amazon expands grocery delivery, pickup from Whole Foods to more cities - Amazon and Whole Foods Market today launched delivery of natural and organic products from Whole Foods Market through Prime Now in Ann Arbor, Detroit, Jacksonville, Madison, Milwaukee, Omaha, Orlando, St. Louis, Tampa and Tulsa as well as additional areas of New York City and Seattle. Starting today, Prime members in those cities can shop through Prime Now for thousands of bestselling items including fresh produce, high quality meat and seafood, everyday staples and other locally sourced items from Whole Foods Market. Now available in 48 cities, the service launched earlier this year with plans for continued expansion across the U.S. throughout 2018. This also marks the first expansion of grocery pickup from Whole Foods Market, another convenient option for grocery shopping. Grocery pickup launched last month and is now available in Ft. Worth, Kennesaw, Richmond, Sacramento and Virginia Beach, with continued plans for expansion. To enjoy grocery pickup, Prime members place their order via the Prime Now app and choose the pickup option at checkout. Customers can choose free pickup in as little as an hour on orders of $35, or in 30 minutes for $4.99. After arriving at the Whole Foods Market store, customers park in a designated pickup spot and a Prime Now shopper will place groceries into their car within minutes.
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