Stockwinners Market Radar for October 31, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:04 EDT NXP Semiconductors reports Q3 operating margin 30.0% vs. 30.8% last year

19:29 EDT W&T Offshore lowers FY18 production view to 13.2-13.6MMBOE from 13.2-14.6MMBOE - Sees Q4 production at 3.1-3.5MMBOE.

19:01 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Fitbit (FIT) up 9.3%... STAAR Surgical (STAA) up 7.9%... Molina Healthcare (MOH) up 7.3%... FormFactor (FORM) up 6.2%... Eclipse Resources (ECR) up 6.1%... Heron Therapeutics (HRTX) up 5.4%... Newfield Exploration (NFX) up 5.0%... Matador Resources (MTDR) up 4.9%... HighPoint Resources (HPR) up 4.6%... Keane Group (FRAC) up 3.4%... Qorvo (QRVO) up 2.6%... Hudbay Minerals (HBM) up 2.3%... Suncor Energy (SU) up 2.1%. DOWN AFTER EARNINGS: Jones Energy (JONE) down 21.6%... FARO Technologies (FARO) down 7.0%... PerkinElmer (PKI) down 6.3%... AXT Inc (AXTI) down 5.6%... Pilgrim's Pride (PPC) down 4.8%... Legacy Reserves (LGCY) down 4.3%... Fiserv (FISV) down 4.1%... SS&C (SSNC) down 4.0%... Open Text Corp (OTEX) down 3.9%... XPO Logistics (XPO) down 3.8%... Allstate Corp (ALL) down 3.3%... WPX Energy (WPX) down 3.2%... Stamps.com (STMP) down 3.2%... Mammoth Energy (TUSK) down 2.8%... LHC Group (LHCG) down 2.1%... Zynga (ZNGA) down 1.1%... Compass Diversified (CODI) down 1.1%... Sturm Ruger (RGR) down 0.7%. ALSO LOWER: Gardner Dover (GDI) down 2.1% after equity offering.

18:16 EDT Pilgrim's Pride initiates $200M stock repurchase program - Pilgrim's Pride announced that its Board of Directors has approved a new $200M share repurchase authorization for its common stock over the next 12 months.

18:03 EDT Pilgrim's Pride CEO says 'U.S. markets continued to be mixed' - "During Q3 conditions in the U.S. markets continued to be mixed, with the commodity segment experiencing counter seasonal and weak pricing whereas the less commodity businesses better balanced. Despite challenging market conditions in commodity chicken, the investments we made over the past few years, the recent acquisitions and our capture of operational improvements, are adding diversification and differentiation to the evolution of our portfolio to deliver more resilient performance regardless of specific market conditions," stated Bill Lovette, Chief Executive Officer of Pilgrim's. "In Europe, the integration is tracking better than expectations and we are slightly ahead of our $50 million synergy target for the next two years, supporting a margin increase of 130bps over last year. The results, given the adverse scenario of feed inputs, are a proof of our more stable business model, while our team members improved the operations and contributed to the strong performance by continuing to focus on cost optimization, cost control, excellent customer relationships, synergy capture and a culture of constant innovation while still maintaining a consistent margin performance of the business. As part of the integration activities, our team is driving for an increased focus on utilization of the whole chicken by opening up more opportunities and diversifying into new markets to improve the cutout. Supply in Mexico Q3 grew more than expected as a reaction to strong prices in the first half and also as a result of outstanding growing conditions, impacting market prices. Prices are already recovering and while Mexico can be volatile quarter to quarter, historically our operations have produced very good margin performance on a full-year basis and we expect this trend to continue in the future. Prepared Foods are growing at a double digit rate and are generating strong results under both premium Pilgrim's and Del Dia to drive the evolution of our Mexican portfolio towards more differentiated, higher-value products, and expanded margins."

17:44 EDT Apache sees FY19 production at high end of prior forecast of 410K-440K BOE/day

17:42 EDT TransCanada begins $1.5B expansion of NGTL System - TransCanada will move forward with a $1.5B expansion of its NOVA Gas Transmission Ltd. (NGTL) System to connect existing and new supply to incremental intra-basin market demand. This new investment brings the capacity expansion programs underway on the NGTL System to more than $9B. This expansion program is underpinned by approximately 1.1 billion cubic feet per day of new firm service contracts. Shippers have executed commercial agreements for 754 MMcf/d of incremental firm delivery services commencing in April 2022 that will connect growing Alberta market demand in the power generation, oil sands, petrochemical, industrial and utilities segments. Shippers have also concurrently executed 377 MMcf/d of firm receipt services commencing in November 2021 that will connect incremental Montney and Deep Basin supply to the system. The contracts have terms that range from eight to 20 years. Applications for approvals to construct and operate the facilities are expected to be filed with the National Energy Board in 2Q19 and construction will commence as early as 3Q20, with the majority of the capital investment expected to occur in 2021 and 2022.

17:32 EDT Churchill Downs to acquire majority stake in Rivers Casino Des Plaines, Illinois - Churchill Downs has signed a definitive purchase agreement to acquire certain of the ownership interests of Midwest Gaming Holdings, the parent company of Rivers Casino Des Plaines in Des Plaines, Illinois for cash. The transaction will be comprised of CDI's purchase of 100% of the ownership stake in Midwest Gaming held by affiliates and co-investors of Clairvest Group for approximately $291M and CDI's offer to purchase, on the same terms, additional units of Midwest Gaming held by High Plaines Gaming, an affiliate of Rush Street Gaming, and Casino Investors, resulting in aggregate cash consideration of at least $326M. Rush Street and the Rush Street-led management team will continue to manage the day-to-day operations of Rivers Des Plaines. Following the closing of the transaction, the parties expect to enter into a recapitalization transaction pursuant to which Midwest Gaming will use approximately $300M in proceeds from new credit facilities to redeem, on a pro rata basis, additional Midwest Gaming units held by Rush Street and Casino Investors. After the recapitalization, approximately $50M of the Senior Credit Facility would remain unfunded and available for general corporate purposes. The transaction and recapitalization will result in CDI owning at least 50.1% of Midwest Gaming. CDI and Rush Street equally will split priority distributions of 2% of Midwest Gaming's annual gross revenue.

17:18 EDT Genie Energy completes acquisition of U.S. solar solutions company - Genie Energy announced that it has acquired a majority stake in Prism Solar Technologies, representing the first step in Genie's partnership with Prism's second largest shareholder, Plus EnerG. The combination of Plus EnerG and Prism comprise a solar solutions company, including US based panel manufacturing, solar installation design and project management. Prism's solar panels feature high efficiency N-type silicon solar cells designed into bifacial solar modules which result in systems with a reduction in the average cost per kilowatt hour, while their glass-on-glass design increases the durability and lifetime value of Prism's panels. Plus EnerG, with its sales, design and project management expertise is uniquely situated to bring the Prism technology and other solutions to large commercial and industrial clients. "Following our initial investment in Prism early in September, we have become increasingly excited by the potential of this business to immediately contribute to our top and bottom lines. As the business scales, we expect these products to form an important piece of our Energy Services division's renewable offerings for commercial clients," said Michael Stein, Genie Energy's CEO.

17:11 EDT General Electric Aviation awarded $273.51M Air Force contract - General Electric Aviation has been awarded a $273.51M firm-fixed-price requirements type contract for service life extension program conversion kits to upgrade Egyptian Air Force F-16, F110-GE-100 engines. Work will be performed in Cincinnati, Ohio, and is expected to be completed by October 30, 2023. This contract involves foreign military sales to Egypt and is the result of a sole-source acquisition. No funds are being obligated at the time of award. Air Force Sustainment Center is the contracting activity.

17:08 EDT AMSC, ComEd agree to install resilient electric grid system in Chicago - AMSC (AMSC) announced that it has entered into an agreement with ComEd (EXC), which delivers electricity to more than 4 million customers in northern Illinois, to deploy AMSC's high temperature superconductor technology which is expected to make the electric grid even more reliable for ComEd customers. The project is funded in part by the Department of Homeland Security Science and Technology Directorate initiative to secure the nation's electric grid against extreme weather or other catastrophic events. It is structured as a cost-sharing arrangement among AMSC, ComEd and DHS. The agreement between AMSC and ComEd, which includes commercial terms, remains subject to DHS approval. It will mark the first installation of AMSC's Resilient Electric Grid system in Chicago, and it is expected to become a permanent part of Chicago's power grid. The REG system uses AMSC's high temperature superconductor technology and, under the terms of the agreement between AMSC and ComEd, will link existing electric power infrastructure within the City of Chicago. The REG system is expected to strengthen Chicago's electric grid and to enhance its load serving capacity, resiliency and reliability.

17:01 EDT FreightCar America backs FY18 cost reduction of goolds sold per railcar by $4K-$ - Company reaffirms guidance to reduce cost of goods sold per railcar by $4,000 to $5,000 by year end and deliver 4,250 to 4,500 railcars for fiscal 2018.

16:57 EDT Rush Enterprises announces $150M stock repurchase program - Rush Enterprises announced that its board approved a new stock repurchase program authorizing the company to repurchase, from time to time, up to an aggregate of $150M of its shares of Class A common stock, $.01 par value per share, and/or Class B common stock, $.01 par value per share.

16:54 EDT Express Scripts reports Q3 adjusted EBITDA $2.037B, up 4.6% y/y - Reports Q3 net cash flow provided by operating activities of $759.4M, down 60% y/y.

16:47 EDT Allstate announces $3B share repurchase plan

16:36 EDT Triumph Group wins Huntington Ingalls contract for carrier overhaul - Triumph Group (TGI) announced that its Integrated Systems business has been selected by Huntington Ingalls (HII) to supply remote valve actuation systems as part of the scheduled overhaul of the USS George Washington nuclear powered aircraft carrier. Under terms of the agreement, Triumph's Mechanical Solutions facility in Shelbyville, Indiana will produce 165 RMVAs for the carrier. RMVA systems provide mechanical backup push/pull control, which allows for remote opening and closing of critical valves throughout the ship. Valued for their high level of reliability, even in harsh environments, the Triumph RMVAs have a low cost of ownership and unique adaptability, making the system ideal for rapid configurations and installations aboard ship.

16:34 EDT Air Lease delivers A321-200neo to Air New Zealand - Air Lease announced the delivery of one new Airbus A321-200neo aircraft featuring Pratt & Whitney PW1133G-JM engines on long-term lease to Air New Zealand. This A321-200neo is the first of five Airbus A320neo family aircraft confirmed to deliver to Air New Zealand through 2019 from Air Lease Corporation's order book with Airbus and joins two A320-200 aircraft currently on long-term lease to the airline.

16:34 EDT Powell names Michael Metcalf as new CFO - Powell Industries (POWL) announced that Michael Metcalf has been named Executive Vice President of Powell Industries, effective November 5, 2018 and will be named CFO following the announcement of the company's financial results for the quarter and year ended September 30, 2018 and the filing of its Annual Report on Form 10-K for the year ended September 30, 2018. Don Madison will remain as the company's CFO until that time. Since 1998 until joining Powell, Metcalf held financial management positions with General Electric (GE). Most recently, Metcalf served as CFO Aeroderivative Products, GE Power effective August 6, 2018.

16:32 EDT Hudbay Minerals to acquire Mason Resources - Mason Resources and Hudbay Mineralsare pleased to announce that they have entered into an arrangement agreement pursuant to which Hudbay will acquire the remaining 86% of the issued and outstanding common shares of Mason that it does not already own . All currency is stated in Canadian dollars, unless otherwise indicated. Under the Arrangement, Mason shareholders will receive $0.40 in cash for each Mason common share they own. The Arrangement values Mason at $31 million, representing an attractive premium to recent Mason trading. The enterprise value to Hudbay, net of Mason's cash and Hudbay's current 14% ownership in Mason, is approximately US$15M. Stephen Scott, President and Chief Executive Officer of Mason, comments, "We are excited to be announcing this transaction. We are very pleased with the progress we have made establishing the Ann Mason project as a world-class and highly prospective copper deposit. The acquisition by a well run, diversified, cash flowing base metal producer ensures a faster and lower risk development path for the Ann Mason project. Given its significant scale, it is not feasible for Mason to develop the mine on a stand-alone basis in a timely fashion and without considerable equity dilution and financial risk. The acquisition of Mason by Hudbay provides an opportunity for shareholders to realize immediate value from their investment in Mason."

16:31 EDT Churchill Downs increases annual dividend 7% - Churchill Downs' board approved an annual cash dividend of $1.63 per outstanding share, a 7% increase over the prior year, on the common stock, payable on January 4, 2019 to shareholders of record on December 7, 2018.

16:30 EDT Fluor awarded contract for Teck's fording river water treatment facility in BC - Fluor Corporation (FLR) announced that it has been awarded an engineering, procurement and construction management contract by Teck (TECK) for the Fording River South Active Water Treatment Facility in the Elk Valley, British Columbia, Canada. Fluor booked the undisclosed contract value in the third quarter of 2018. Fluor's scope of work includes the 20 million-liters-per-day water treatment facility, intake structures, an outfall, pipelines, and additional utilities and infrastructure. The contract continues Fluor's work from the feasibility study and previous early works phase. Fluor has begun work at site to ensure critical activities are completed prior to winter. The company is also leveraging its supply chain expertise to meet the project's cost and schedule certainty objectives.

16:28 EDT Hilton Grand Vacations reports Q3 contract sales up 11.7% - Net Owner Growth for the 12 months ending Sept. 30, 2018, was 7.4%.

16:24 EDT Rayonier sees FY18 adjusted EBITDA above prior guidance - The company said: "Based on results for the first nine months and our expectations for the balance of the year, we anticipate that full-year Adjusted EBITDA will be above our prior guidance," added Nunes. "In our Southern Timber segment, we expect to achieve full-year harvest volumes of 5.6 to 5.7 million tons and Adjusted EBITDA modestly below prior guidance, as we are choosing to pull back harvest volumes in certain market areas that have been impacted by Hurricane Michael. In our Pacific Northwest Timber segment, we expect to achieve full-year harvest volumes of approximately 1.3 million tons and Adjusted EBITDA toward the lower end of prior guidance, as domestic and export prices have softened following the announcement of tariffs on log exports into China. In our New Zealand Timber segment, we expect to achieve full-year harvest volumes of 2.6 to 2.7 million tons and Adjusted EBITDA modestly above prior guidance, as reduced log inventories in China coupled with reduced trade flows from the U.S. have led to some recent strengthening of export prices. In our Real Estate segment, we anticipate full-year Adjusted EBITDA well above prior guidance driven by the New Zealand timberland sale in the third quarter (which contributed Adjusted EBITDA and net income attributable to Rayonier of $27.7 million and $12.8 million, respectively), while we expect fourth quarter Real Estate closings will be relatively light. On balance, we remain on track to achieve our prior earnings guidance before considering the impact of the third quarter New Zealand timberland sale, which represents upside to the prior guidance."

16:22 EDT XPO Logistics appoints that Matthew Fassler Chief Strategy Officer - XPO Logistics announced that Matthew Fassler has been appointed chief strategy officer, effective November 26, 2018. Fassler will have responsibility for the company's strategy, capital structure and analysis of growth opportunities. He replaces Scott Malat, who will step down on December 8. Malat is leaving to spend more time with his family, having served as the company's CSO since

16:21 EDT WPX Energy narrows FY18 oil production view to 79-82 Mbbl/d from 78-82 - WPX has tightened its full-year 2018 guidance for oil to 79-82 Mbbl/d and total equivalent production to 123-130 Mboe/d. For 2019, WPX is targeting 25-30 percent year-over-year growth in oil volumes, with expected production of 100-105 Mbbl/d. Total equivalent production for 2019 is estimated at 159-171 Mboe/d. WPX expects to be net cash flow positive in 2019 using a base capital plan of $1,450-$1,650 million for next year assuming $65 oil and $3.00 natural gas. Additionally, WPX has identified another $250-$350 million of discretionary reinvestment opportunities such as rig additions, further midstream buildout, greater participation in non-op wells and land purchases. WPX expects to fund the potential items by monetizing its equity positions in the WhiteWater and Oryx pipeline systems. Actual sales proceeds are expected to exceed the reinvestment opportunities.

16:18 EDT AbbVie reports Phase 3 trial of venetoclax combination met primary endpoint - AbbVie (ABBV) announced positive results from CLL14, a Phase 3, randomized clinical trial evaluating venetoclax plus obinutuzumab versus obinutuzumab plus chlorambucil, a standard of care, in patients with chronic lymphocytic leukemia and coexisting medical conditions who have not received a prior treatment. The study met its primary endpoint of investigator-assessed progression-free survival with a 12-month fixed duration of treatment. Preliminary analysis suggests the safety profile observed in the combination of venetoclax plus obinutuzumab is consistent with the known safety profile of each medicine alone.Results from the CLL14 trial will be presented at a future medical meeting. Venetoclax is being developed by AbbVie and Roche. It is jointly commercialized by AbbVie and Genentech, a member of the Roche Group (RHHBY), in the U.S. and by AbbVie outside of the U.S.

16:17 EDT HighPoint Resources sees Q4 capital expenditures $120M-$130M

16:15 EDT Roche reports Venclexta/Gazyva reduced risk of disease in CLL - Genentech, a member of the Roche Group, announced that the randomized Phase III CLL14 study, which evaluated fixed-duration Venclexta combination with Gazyva in people with previously untreated chronic lymphocytic leukemia, or CLL, and co-existing medical conditions, met its primary endpoint and showed a statistically significant reduction in the risk of disease worsening or death (progression-free survival as assessed by investigator) compared to standard-of-care Gazyva plus chlorambucil. The results showed that no new safety signals or increase in known toxicities of Venclexta or Gazyva were observed with the treatment combination.

16:13 EDT Express Scripts: 2019 retention rate for the 2018 selling season to exceed 98% - The Company now expects its 2019 retention rate for the 2018 selling season to exceed 98%, an all-time high for the Company. "We continue to earn the trust of those we serve through our ability to predict marketplace trends, create advantage for our clients, and develop innovative solutions that generate greater value. With trust comes the ability to help even more people achieve better outcomes. Now, more than ever, prospects and clients alike need more innovation, service and care, and we are well positioned to deliver. We are retaining our clients, winning prospects, and enrolling clients in more solutions and, as a result, expect to grow core business adjusted claims by 2% to 3% in 2019. From taking on the toughest challenges to uncovering innovative opportunities, Express Scripts is championing better healthcare every day," said CEO Wentworth.

16:10 EDT Installed Building Products acquires Advanced Fiber Technology - Installed Building Products, Inc. announced the acquisition of Advanced Fiber Technology. Founded in 1988 and located in Bucyrus, Ohio, AFT manufactures cellulose, asphalt, and industrial fibers. The company has annual revenues of approximately $18M and sells its products to distributors and installers predominately in the Midwest and Northeastern U.S.

16:10 EDT Warrior Met Coal reports Q3 met coal output 1.8M tons vs. 1.6M last year

16:09 EDT Terreno Realty acquires building in Seattle for $12.6M - Terreno Realty Corporation acquired an industrial property located in Seattle, Washington on October 31, 2018 for a purchase price of approximately $12.6M. The property consists of one industrial distribution building that upon renovation, expected to be substantially complete by the end of 2019, will contain approximately 50,000 square feet on approximately 1.7 acres two miles from downtown Seattle adjacent to Seattle's Port and SoDo district. The property is at 2200 6th Avenue South, will provide nine dock-high loading positions, parking for seven cars and is 100% leased to one tenant through February 2019. The estimated stabilized cap rate of the property is 5.1% and the total expected investment is $15.3M.

16:07 EDT Halcon Resources sells Delaware Basin water infrastructure assets - Halcon Resources Corporation announced it has entered into a definitive agreement to sell all of its water infrastructure assets across the Delaware Basin to a private company for up to $325M in cash, subject to customary closing conditions and adjustments. $200M of the purchase price is payable in cash upon closing, with an additional $125M payable on a deferred basis over a five year period based on meeting certain annual incentive thresholds. The effective date of the transaction is October 1. The transaction is expected to close before December 31. Assets included in the transaction include water gathering lines, saltwater disposal wells, freshwater wells and water recycling facilities. There are no drilling or throughput commitments associated with the transaction. None of Halcon's oil and gas infrastructure assets are included in the sale. These assets include more than 40 miles of gas gathering pipelines, more than 30 miles of oil gathering pipelines in addition to approximately 7,000 horsepower of compression and significant gas treating infrastructure and facilities.

16:03 EDT Cerecor submits three ODD requests to FDA for substrate replacement therapies - Cerecor announced that it has submitted to the FDA three orphan drug designation, or ODD, requests for substrate replacement therapies to treat ultra-rare inherited metabolic disorders known as Congenital Disorders of Glycosylation, or CDGs. Submissions were made for CERC-801, D-galactose to treat Phosphoglucomutase 1, or PGM1, Deficiency; CERC-802, D-mannose to treat Mannose-Phosphate Isomerase, or MPI Deficiency and CERC-803, L-fucose to treat Leukocyte Adhesion Deficiency Type II, or LADII. Each indication is an ultra-rare CDG estimated to have less than 1,000 patients in the United States. All three programs have been awarded rare pediatric disease designation, or RPDD, by the FDA. Cerecor has already held pre-IND meetings with the FDA and seeks to leverage existing clinical and nonclinical data in conjunction with sponsor-initiated studies to accelerate development and approval via the 505 pathway.

16:02 EDT Heron Therapeutics submits NDA to FDA for HTX-011 - Heron Therapeutics announced the submission of its New Drug Application to the U.S. FDA for HTX-011. HTX-011 is an investigational, long-acting, extended-release formulation of the local anesthetic bupivacaine in a fixed-dose combination with the anti-inflammatory meloxicam for the management of postoperative pain.

15:23 EDT Gilead selloff on UnitedHeath HIV promotion seen as unwarranted - Mizuho analyst Salim Syed believes shares of Gilead Sciences (GILD) are sliding due to UnitedHealth's (UNH) announcement of a new program called My ScriptsRewards that will "try to convince plan participants to take a cheaper HIV regimen in return for $500 debit cards." However, the analyst views the worries as unwarranted, noting that an "inferior drug" is the "common thread" between all of the regimens that UnitedHealth's program pushes. MY SCRIPTREWARDS: UnitedHealthcare has introduced My ScriptRewards, a new program that shares prescription cost savings directly with plan participants who choose doctor-approved, guideline-recommended and cost-effective medications. According to the company's website, My ScriptRewards offers UnitedHealthcare plan participants the opportunity to realize additional cost savings and earn up to $500 in prepaid debit cards to use toward medical expenses, including other prescriptions and doctor's office copays, when they consult their doctor to choose the lower-cost regimen that is right for them. "Select antivirals used to treat HIV will be the first medications included in My ScriptRewards due to the challenges that come with managing a high-cost medical condition. There are several HIV treatment regimens recommended by the Department of Health and Human Services, yet the cost among them can vary significantly. Through My ScriptRewards, plan participants can receive certain guideline-recommended HIV medications with proven effectiveness for no cost at the time of purchase," the company stated. The most cost-effective treatment regimens available through UnitedHealthcare for $0 out of pocket include Cimduo plus Tivicay and Cimduo plus Isentress/Isentress HD. CONCERN SEEMS UNWARRANTED: In a research note to investors, Mizuho's Syed blamed UnitedHealth's introduction of the new program for weakness in shares of Gilead. However, the analyst argued that the worries appear unwarranted as Cimduo is the "common thread" between all of the regimens that UnitedHealth's program calls out and it is an inferior drug to Gilead's Biktarvy. Biktarvy is the backbone of the number one recommended regimen according to HHS treatment guidelines, noted Syed, who reiterated a Buy rating and $94 price target on Gilead shares. Voicing a similar opinion, Evercore ISI analyst Umer Raffat also attributed the pullback on Wednesday in shares of Gilead to concerns over the company's HIV franchise given UnitedHealth's promotions of cheaper alternatives. The analyst told investors in a research note of his own that he does not see risk to Gilead's sales from the promotions. UnitedHealth's is proposing a switch to two separate tablets, which is not in the HIV guidelines today, he contended. Raffat reiterated an Outperform rating on Gilead shares. PRICE ACTION: In afternoon trading, shares of Gilead have dropped about 5% to $68.65.

15:03 EDT Hasbro chairman Brian Goldner buys over $1M in company stock - Hasbro chairman Brian Goldner disclosed in a filing that he had purchased 11,000 shares of company stock at an average price of $91.80 per share on October 29. The total transaction value of the purchase was $1,009,798.

14:38 EDT Twitter now lets you report suspicious account activity - In a recent tweet, on its Twitter Safety feed the company said: "Activity that attempts to manipulate or disrupt Twitter's service is not allowed. We remove this when we see it. You can now specify what type of spam you're seeing when you report, including fake accounts." Reference Link

14:23 EDT WEC Energy backs long-term EPS growth view of 5%-7% - Says updated capital plan stands at $14.1B. Says investment plan is "exactly what you'd expect it to be." Reaffirms long-term EPS growth view of 5%-7%. Says new capital plan to bring long-term EPS growth view to the 6% range. Guidance taken from Q3 earnings conference call.

14:15 EDT Intersections trading resumes

14:06 EDT Exxon Mobil keeps quarterly dividend unchanged at 82c per share - Exxon Mobil said its board declared a cash dividend of 82c cents per share on the common stock, payable on December 10, to shareholders of record at the close of business on November 13. The fourth quarter dividend is at the same level as the dividend paid in the third quarter.

13:42 EDT Enviva boosts quarterly distribution to 63.5c per unit - Enviva Partners announced that the board of directors of its general partner declared a quarterly distribution of 63.5c per common unit for the third quarter of 2018. This distribution represents the Partnership's thirteenth consecutive distribution increase and its distribution has grown at a 14.2% compound annual growth rate since its initial public offering. The quarterly distribution will be paid on Thursday, November 29 to unitholders of record as of the close of business on Thursday, November 15.

13:38 EDT CSG achieves advanced technology partner status in AWS partner network - CSG has achieved Advanced Technology Partner status in the Amazon Web Services Partner Network. Achieving APN Advanced Technology Partner status strengthens CSG's relationship with AWS, and includes expertise in AWS Training and Certification for growth and development of CSG's technical resources on AWS, as well as access to increased prominence and additional support from the APN. Through its relationship with AWS, CSG's Ascendon digital services platform provides cloud-based support for innovative brands such as Formula 1, Comcast Xfinity On Campus, TalkTalk, iflix and Arrow Electronics. CSG leverages AWS to operate CSG's Customer Communication Management, Revenue Management, and Digital Monetization SaaS solutions. AWS is a cornerstone of CSG's "cloud-first" strategy and commitment to give its clients global availability, scalability, data security, and the positive economics of the cloud.

13:20 EDT Intuitive Surgical, Varian rise amid expanded surgical robot quota in China - Shares of Intutive Surgical (ISRG) and Varian Medical Systems (VAR) are rising after the Chinese government announced its medical equipment plans through 2020, including a new 154-system quota for Intuitive Surgical. PIPER RAISES PRICE TARGET ON INTUITIVE SURGICAL: On Wednesday, Piper Jaffray analyst JP McKim noted that the National Health and Family Planning Commission in China announced an "unexpected" new 154-system quota for Intuitive Surgical Wednesday, calling this a "clear accelerant" for its international procedure volume. The company has between 70 and 80 systems in China which are amongst the highest utilized systems in the world, so this should accelerate procedure growth as well, McKim added. He also said the system upgrade cycle remains underway as trade-in activity remain elevated despite being down from the second quarter. Given the new China quota, he raised his 2019 and 2020 sales and earnings estimates and increased his price target on Intuitive Surgical shares to $625 from $613. McKim kept an Overweight rating on the stock. CITI UPS VARIAN MEDICAL TARGET: Also on Wednesday, Citi analyst Amit Hazan raised his price target for Varian Medical Systems to $145 and kept a Buy rating on the shares. China posted medical equipment plans through 2020 which include new linear accelerators of nearly 1,400 total units, Hazan said, adding he views this as a "major positive" for radiation oncology players that "far exceeds expectations." Inclusive in the quota are 188 Class A and 1,208 Class B systems, and Varian "is better positioned than ever before to capture both ends of the quality spectrum," Hazan writes. PRICE ACTION: Intuitive Surgical was up 6.6% to $523.26 in afternoon trading, while Varian rose 6.7% to $119.67.

12:54 EDT Trump says Paul Ryan 'knows nothing about' birthright citizenship - President Donald Trump just tweeted, "Paul Ryan should be focusing on holding the Majority rather than giving his opinions on Birthright Citizenship, something he knows nothing about! Our new Republican Majority will work on this, Closing the Immigration Loopholes and Securing our Border!"

12:34 EDT Cinedigm unveils BAMBU, a new Chinese entertainment channel - Cinedigm announced the planned launch of BAMBU-a new Chinese content entertainment channel arriving in the First Quarter of 2019-and unveiled the channel's logo. While the network will appeal to Americans of all ages, BAMBU's primary focus is on Gen Z viewers ages 16-24, and Millennial viewers ages 25-35. These "digital natives" have been exposed to global culture from an early age, and hunger to stay at the forefront to discover the latest global trends-as evidenced by the unparalleled rise of Anime and K-Pop in North America in recent years. Together, those viewers represent over 27 percent of the U.S. population.BAMBU aims to expand American appreciation of Chinese entertainment by providing viewers with a unique and innovative experience specializing in content previously unavailable to American audiences. Curated offerings will span far beyond typical martial arts and period epics, putting the spotlight on a diverse roster of content including contemporary action epics, serial dramas, romantic comedies, exciting sci-fi, pulse-pounding horror, and fantasy adventure sagas, as well as music and reality series, and educational programming ranging from instructional Chinese language courses to cultural cooking shows-all coming together to form the only complete Chinese entertainment platform in the United States. BAMBU will offer a variety of different programming options, constantly refreshing the channel's content based on what is being enjoyed by its audience.

12:01 EDT Casdin Capital reports 5.9% passive stake in Constellation Pharmaceuticals

12:00 EDT Can-Fite BioPharma sees Namodenoson trial results in Q1 due to patient survival - Can-Fite BioPharma earlier today provided an update on its Phase 2 clinical trial of drug candidate Namodenoson for the treatment of advanced hepatocellular carcinoma in patients with Child Pugh B whose disease has progressed on sorafenib therapy. Due to patient survival, top line efficacy results are expected during the first quarter of 2019. Enrollment of 78 patients was completed in August 2017 and the trial continues treating subjects in a blinded fashion to either Namodenoson 25 mg BID or matching placebo. The statistical plan for this trial requires that the primary efficacy analysis occurs when no more than 3 of the original 78 patients survive. At the outset of the trial, it was assumed that patients with advanced HCC with Child-Pugh B had a relatively poor prognosis, and that within approximately a year of enrollment of the last subject, primary efficacy analysis could be conducted. In order to maintain the statistical integrity of the trial as well as adhere to the principles of Good Clinical Practice, the company estimates that it will un-blind the data during Q1/19. Can-Fite CEO Pnina Fishman commented, "This unexpectedly prolonged longevity is unquestionably beneficial for the individual patients, and gives us hope that Namodenoson may eventually prove its value in this patient population."

11:47 EDT Molson Coors says cannabis JV 'tremendous opportunity' in Canada - On its Q3 earnings conference call, Molson Coors said that its cannabis joint venture is "just one example" of building powerful customer relationships. The company said that the combo of Molson Coors Canada and HEXO, the cannabis market leader in Quebec, offers a "tremendous opportunity" to shape the nonalcoholic cannabis-infused beverages category upon its planned legalization in Canada in the fall of 2019. Molson Coors added that it thinks he will secure a "meaningful share" of this "potentially high-value" category and it is preparing for potential further international expansion. In addition, the company said that there is some suggestion that the cannabis market in Canada may be somewhere between $7B-$10B in market value, with nonalcoholic cannabis infused beverages somewhere between 20%-30% of that.

10:34 EDT Athenahealth jumps 4% after Bloomberg says private equity deal is close - Veritas Capital has teamed up with Elliott Management to bid for Athenahealth, Bloomberg reports, citing people familiar with the matter. The talks are in an advanced stage and would involve Elliott, which already owns 9% of the healthcare technology company, investing more for a larger ownership stake alongside Veritas, sources told Bloomberg. Shares of Athenahealth are up 4%, or $4.52, to $128.24 following the report.

10:05 EDT Sabby reports 5.13% passive stake in Jaguar Health - Sabby Management disclosed a 5.13% stake in Jaguar Health, which represents over 1.24M shares. The filing does not allow for activism.

10:00 EDT McDermott falls -29.5% - McDermott is down -29.5%, or -$3.80 to $9.07.

10:00 EDT Maxar Technologies falls -38.6% - Maxar Technologies is down -38.6%, or -$10.45 to $16.62.

10:00 EDT Modine Manufacturing rises 23.3% - Modine Manufacturing is up 23.3%, or $2.73 to $14.45.

09:59 EDT Hill International to provide management services for $250M hotel program - Hill International announced it will provide project management services for the Talaat Moustafa Group Portfolio of Hotel Properties $250M four-hotel program. The program includes the construction of Madinaty Four Seasons Hotel and the renovation of three other hotels - the Nile Plaza Four Seasons Hotel, San Stefano Four Seasons Hotel, and Nile Kempinski Hotel projects. The program is anticipated to finish in early 2023.

09:49 EDT Kellogg says leaning into investments in brand-building, On-the-Go snacks - Says increased brand-building investment and expanded single-serve. Says elected not to offset investments and costs in order to get brands back on firmer growth footing. Says improved consumption trends around the world. Says frozen foods is sustaining its 'solid' momentum. Says showed signs of improvement in U.S. cereal in Q3. Says continues to deliver on cash flow. Says faced significantly tougher comps in Q3. Says cost inflation is sustaining at higher levels than anticipated. Says consolidation of Multipro created headwind in Q3. Says developed and expanded single-serve pack products. Says demand is strong and growth has accelerated faster than anticipated. Says pursuing margin enhancements, including in-house capacity. Says leaving door open for possible trade-inventory reduction in U.S. Snacks in Q4. Says Kellogg North America is improving performance this year. Comments taken from Q3 earnings conference call.

09:41 EDT General Motors says offering retirement packages to certain employees - Says employees with 12+ years will be offered buyouts. Says may force buyouts if not enough employees take the offer.

09:16 EDT General Motors says still targeting commercial self-driving cars in 2019

09:12 EDT General Motors says execution 'extremely strong' in Q3 - Says GM Financial to pay Q4 dividend of $0.4B. Sees FY18 effective tax rate ~17%. Sees "significant opportunity" to increase cash generation.

09:08 EDT Seanergy Maritime announces $12.5M agreement with charterers for scrubbers - Seanergy Maritime announced that it has entered into commercial agreements for the installation of exhaust gas cleaning systems on five of its capesize bulk carriers before the January 1, 2020 implementation date of the IMO sulfur emission cap regulations. Upon completion of the installations scheduled for Q2 and Q3 2019, the vessels will commence index linked period employment with three leading dry-bulk charterers ranging in durations between three and five years. The company has secured the scrubber equipment from Hyundai Materials, a well-known Korean manufacturer and has reserved retrofitting slots at an experienced dry-dock facility in China. The total investment, to be covered by the charterers, is expected to exceed $12.5M, including equipment and installation costs.

09:06 EDT CVS Health launches new CarePass program in Boston - CVS Health's retail division CVS Pharmacy announced that customers in the Greater Boston area can enroll in CarePass, a new pilot membership rewards program offering additional benefits to the company's ExtraCare Rewards Program. CarePass offers members a suite of in-store and online perks including free delivery on most medications and purchases, access to a 24/7 pharmacist hotline and 20% off all CVS Health brand products. Customers can join CarePass for $5 a month or $48 a year.

09:03 EDT MGM Resorts partners with New York Jets - MGM Resorts has partnered with the New York Jets, making MGM Resorts the official gaming partner of the Jets. The multi-year agreement marks the most comprehensive and integrated gaming partnership in the National Football League to date. The deal provides Jets fans access to a mobile play-along predictive game "I Called It presented by Play MGM", free to play and available in the Official New York Jets App. MGM Resorts will sponsor and receive access to the Jets 360 Production Studio at Atlantic Health Jets Training Center. The Play MGM Studio will be the year-round multimedia home for Jets content across Jets 360 television, digital, and social platforms. As part of the agreement, MGM Resorts will also provide a wide range of hospitality for Jets season ticket holders and Jets Rewards members.

09:02 EDT iRobot Google announce collaboration - iRobot (IRBT), the leader in consumer robots, has announced a collaboration with Google (GOOG, GOOGL) to integrate robotic and smart home technologies that will advance the next-generation smart home. Working together, iRobot and Google will seek additional ways to integrate their platforms, providing customers with the choice to opt in to new innovative smart home experiences that leverage a broader understanding of the home's space. For example, the spatial awareness of the home that Roomba maintains may help to simplify smart home setup and enable powerful new automations.

08:59 EDT Sprint remains 'full steam ahead' on next-gen deployments - Says preparing to launch mobile 5G network in 1H19. Says driving digital transformation of the company. Says focused on increasing digital revenue, providing intelligent customer experience and improving digital engagement. Says in-house marketing agency is delivering 'solid' results. Says continues to have strong liquidity. Comments taken from Q2 earnings conference call.

08:41 EDT Cerus receives FDA Breakthrough Device designation - Cerus announced today that the FDA has granted Breakthrough Device designation for the company's pathogen-reduced cryoprecipitate product candidate. The basis of the designation is improved treatment of massive hemorrhage, a life-threatening medical condition.

08:40 EDT Strongbridge Biopharma trading halted, news pending

08:39 EDT Fusion awarded $1.5M agreement from healthcare company - Fusion announced that it has been awarded a more than $1.5M, three year agreement to deliver Fusion's advanced managed communications solution to over 150 locations of a healthcare company providing psychiatric, dependency and behavioral health services.

08:37 EDT MeiraGTx announces exclusive licensing agreement with NIDCR for AAV-AQP1 - MeiraGTx announced an exclusive licensing agreement with the National Institute of Dental and Craniofacial Research, or NIDCR, a division of the National Institutes of Health, or NIH, an agency of the United States Department of Health & Human Services. Under the agreement, MeiraGTx will receive worldwide rights to adeno-associated virus vector mediated gene delivery of aquaporin-1, designated AAV-AQP1, for Sjogren's syndrome patients with associated xerostomia or xerophthalmia. The license agreement includes standard and customary U.S. Government terms and provisions. MeiraGTx and the NIDCR are currently partnered in two cooperative research and development agreements, or CRADAs, one supporting preclinical work investigating AAV-AQP1 as a treatment for inadequate salivary gland function associated with Sjogren's syndrome, and the other covering an ongoing Phase 1 dose escalation clinical study of AAV-AQP1 in patients with grade 2 or 3 radiation-induced xerostomia. Sjogren's syndrome is a systemic autoimmune disorder that impairs one's ability to secrete fluids such as saliva and tears. Symptoms include dry mouth, which can cause difficulty speaking, tasting food or swallowing, and dry eyes, which can be associated with itching, burning, blurry vision or intolerance to fluorescent lighting. Other serious symptoms can occur in Sjogren's syndrome, such as fatigue and chronic pain or damage to major organs.

08:34 EDT Catasys announces signing of agreement with Capital BlueCross - Catasys announced that it has entered into an agreement with Capital BlueCross, a community-based health insurer serving members in 21 counties in Central Pennsylvania and the Lehigh Valley. Beginning the first quarter of 2019, eligible Capital BlueCross commercial members will be able to take advantage of Catasys' OnTrak solution, an integrated 52-week program that identifies, engages and treats members with untreated behavioral health conditions that exacerbate chronic medical disease and result in unnecessarily higher medical costs. OnTrak specifically addresses anxiety, depression and substance use disorders among health plan members who may avoid behavioral care, and whose untreated or undertreated behavioral conditions negatively impact co-morbid medical conditions. By uniquely engaging these members in a program that produces durable behavior change, OnTrak can significantly improve the quality of members' lives while reducing healthcare costs.

08:26 EDT Kellogg down 6% to $67.49 after Q3 results, revised FY18 guidance

08:19 EDT Praxair trading halted, news dissemination

08:13 EDT Ormat Technologies reports closing of Tranche I for Honduras plant project - Ormat Technologies announced that its wholly owned subsidiary has completed the financial closing of Tranche I under the previously announced Finance Agreement totaling up to $124.7 million for the 35 MW Platanares geothermal power plant in Honduras, with the Overseas Private Investment Corporation, United States government's development finance institution, as the sole lender. Following the closing, Ormat received a disbursement of $114.7 million representing the full amount of Tranche I of the OPIC non-recourse project finance loan that will carry a fixed interest rate of 7.02% per annum with a maturity of approximately 14 years. The closing of the second tranche of up to $10 million is expected during the first half of 2019. "Ormat has maintained a long and mutually beneficial relationship with OPIC, and this financing expands and extends that relationship while also bringing renewable power to Honduras. We are encouraged by the great interest and high demand this financing received in OPIC's funding process from investors who share the vision of OPIC and Ormat to create a sustainable energy solution for the people of Honduras, while advancing economic and social development in the region," commented Isaac Angel, CEO of Ormat Technologies.

08:12 EDT GlaxoSmithKline board intends to maintain 2018 dividend at 80p per share

08:10 EDT Kellogg says 'net sales growth in emerging markets has accelerated' - "Kellogg Company's third quarter featured continued improvement in consumption and net sales performance. Around the world, key brands are responding positively to increased advertising and promotion investment. In addition, net sales growth in emerging markets has accelerated, both on a reported and organic basis, reflecting the company's expanded presence and diversified product line. Kellogg posted another quarter of growth, despite comparing against a year-earlier quarter that benefited from pre-hurricane sales and despite the remaining negative mechanical impact of last year's transition from DSD. Meantime, productivity savings continue to come in as planned, particularly the overhead reduction associated with the closing of the DSD system in U.S. Snacks. These savings are helping to offset rising cost pressures, particularly transportation costs. Operating profit in the third quarter was again held back by a significant increase in brand-building investment across several business units, as well as by co-packing and logistics costs related to expanding into new pack formats. Viewing these pack formats to be important for future growth, the Company plans to continue to invest in their expansion, including increased costs near term, and the installation of in-house packing capacity to improve their margins over the medium term. Kellogg North America's net sales in the third quarter increased year-on-year, reflecting the positive contribution from the acquisition of RX. On an organic basis, net sales were down modestly, with much of the decline driven by the list-price adjustment and rationalization of stock-keeping units related to last year's transition out of DSD in U.S. Snacks. Operating profit increased sharply on a reported basis, owing to lower restructuring charges, but declined on an adjusted basis, primarily because of a substantial year-on-year increase in advertising and promotion investment and additional costs related to accelerated growth in co-packed pack formats."

08:05 EDT Torchlight Energy Resources spuds first well in Orogrande Basin Project - Torchlight Energy Resources announced that the company has spudded the first well of the next three planned wells for the company's Orogrande Basin Project with its operator Maverick Operating and its drilling partner Wolfbone Properties. The first well to be drilled is the University Rich A11 #2. The well will be a twin to Torchlight's Rich A11 #1 well drilled in 2015. Torchlight experienced difficulties during the drilling of the Rich A11 #1 and it was ultimately determined that the cement job on the casing had failed. As a result of data gathered from that process, Rich Masterson has identified five distinct Wolfcamp unconventional targets ranging in thickness from 86 feet to 160 feet. The company will drill, log, core, and test this geologic concept to produce evidence that these zones spread out over a significant portion of its acreage block.

08:03 EDT PepsiCo acquires Health Warrior, terms not disclosed - PepsiCo announced it has acquired Health Warrior, a U.S.-based nutrition-forward company that makes plant-based products including nutrition bars and on-trend offerings. The transaction will further expand the company's nutrition portfolio to offer consumers additional options in an exciting growth category.

07:45 EDT Primoris awarded $102M civil contract - Primoris announced a new heavy civil award valued at $102M. The contract was secured by Primoris Heavy Civil, part of the civil segment. The project was awarded by the Texas Department of Transportation and is located in Liberty County, Texas. The project converts non-freeway roads and structures to 4.5 miles of freeway consisting of six main lanes with frontage roads. The scope of work includes multiple bridges and structures, mechanically stabilized earth walls, earthwork, concrete paving, asphalt paving, and electrical. Work is scheduled to commence in Q2 of 2019 and to be completed in Q2 of 2022.

07:40 EDT GM Financial reports Q3 net income $41M vs. $442M last year - GM Financial announced net income of $441 million for the quarter ended September 30, 2018, compared to $442 million for the quarter ended June 30, 2018, and $202 million for the quarter ended September 30, 2017. Net income for the nine months ended September 30, 2018 was $1.3 billion, compared to $466 million for the nine months ended September 30, 2017. Retail loan originations were $6.7 billion for the quarter ended September 30, 2018, compared to $6.0 billion for the quarter ended June 30, 2018, and $4.7 billion for the quarter ended September 30, 2017. Retail loan originations for the nine months ended September 30, 2018 were $17.8 billion, compared to $15.5 billion for the nine months ended September 30, 2017. The outstanding balance of retail finance receivables, net of fees was $37.9 billion at September 30, 2018. Operating lease originations were $5.4 billion for the quarter ended September 30, 2018, compared to $6.2 billion for the quarter ended June 30, 2018, and $6.5 billion for the quarter ended September 30, 2017. Operating lease originations for the nine months ended September 30, 2018 were $17.3 billion, compared to $19.6 billion for the nine months ended September 30, 2017. Leased vehicles, net was $44.1 billion at September 30, 2018. The outstanding balance of commercial finance receivables, net of fees was $11.1 billion at September 30, 2018, compared to $10.7 billion at June 30, 2018 and $9.5 billion at September 30, 2017. Retail finance receivables 31-60 days delinquent were 3.4% of the portfolio at September 30, 2018 and 3.6% at September 30, 2017. Accounts more than 60 days delinquent were 1.3% of the portfolio at September 30, 2018 and 1.6% at September 30, 2017. Annualized net charge-offs were 1.7% of average retail finance receivables for the quarter ended September 30, 2018 and 1.9% for the quarter ended September 30, 2017. For the nine months ended September 30, 2018, annualized retail net charge-offs were 1.8%, compared to 1.9% for the nine months ended September 30, 2017. The Company had total available liquidity of $25.3 billion at September 30, 2018, consisting of $4.5 billion of cash and cash equivalents, $17.4 billion of borrowing capacity on unpledged eligible assets, $0.4 billion of borrowing capacity on committed unsecured lines of credit, $1.0 billion of borrowing capacity on the Junior Subordinated Revolving Credit Facility from GM, and $2.0 billion of borrowing capacity on the GM Revolving 364-Day Credit Facility. Earnings resulting from the Company's equity investment in SAIC-GMAC, a joint venture that conducts automotive finance operations in China, were $44 million for the quarter ended September 30, 2018 compared to $45 million for the quarter ended June 30, 2018, and $41 million for the quarter ended September 30, 2017. Earnings for the nine months ended September 30, 2018 were $141 million, compared to $129 million for the nine months ended September 30, 2017.

07:39 EDT General Motors up 10% to $36.95 after Q3 results beat estimates

07:37 EDT IntercontinentalExchange board approves new $2B repurchase authorization - Intercontinental Exchange announced its Board of Directors has authorized a new share repurchase program and its quarterly dividend of $0.24. Through September 30, 2018, ICE has repurchased nearly $1.1 billion of its common stock at an average price of $73.54 and it expects to exhaust the remaining $141 million of its current $1.2 billion authorization during the fourth quarter 2018. The new $2.0 billion authorization for share repurchases is effective January 1, 2019 with no end date.

07:35 EDT Sprint raises FY adjusted EBITDA view to $12.4B-$12.7B from $12B-$12.5B - The company expects cash capital expenditures excluding leased devices to be $5.0 billion to $5.5 billion. The previous expectation was $5.0 billion to $6.0 billion.

07:34 EDT Sprint reports Q2 total retail postpaid churn 1.78% - Reports Q2 wireless postpaid ARPU $43.99. Reports Q2 retail net additions 95,000.

07:27 EDT Gridsum receives Nasdaq staff determination letter, intends to request hearing - Gridsum Holding announced that it received a letter from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market notifying the Company that since it remains delinquent in filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2017, it has not regained compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the SEC. Previously, Nasdaq granted the Company an extension until October 29, 2018 to file all delinquent periodic reports. As described in the letter, as a result of the continued delinquency, the Company's American depositary shares are subject to delisting unless the Company timely requests a hearing before a Nasdaq Hearings Panel. The Company intends to timely request a hearing before the Panel to present its plan for regaining compliance with the Rule and request continued listing pending its return to compliance. The hearing request automatically stays the delisting for a period of 15 calendar days from the date of the deadline to request a hearing. The Company will present information to the Panel, which will make a decision based on the plan for regaining compliance and the Company's presentation, whether to grant the Company an extension of time within which to regain compliance with the Rule for a period of up to 360 days from the original due date of the Company's first late filing.

07:23 EDT Tonix Pharmaceuticals announces design for Phase 3 study of Tonmya for PTSD - Tonix Pharmaceuticals announced that it plans to start a new Phase 3 trial of Tonmya for the treatment of posttraumatic stress disorder, or PTSD, in Q1 of 2019, based on guidance from its recent breakthrough therapy Type B clinical guidance meeting with the FDA. Tonix submitted interim analysis results from the original Phase 3 HONOR study of Tonmya in military-related PTSD to support a new Phase 3 study design discussion with the FDA. The company plans to incorporate several new design features into the new Phase 3 study, including restricting enrollment of study participants to individuals with PTSD who experienced an index trauma within nine years of screening. Retrospective analysis of the Phase 3 HONOR study revealed a treatment effect in this subgroup over the 12-week study. Another new feature of the planned Phase 3 study is the inclusion of study participants who have experienced civilian traumas, in addition to inclusion of those with military-related traumas. Two previous studies by the company restricted enrollment to participants who experienced traumas during military service since 2001. The primary endpoint, mean change from baseline in the severity of PTSD symptoms as measured by the clinician administered PTSD Scale for DSM-5, is the same as that used in the Phase 3 HONOR study and the Phase 2 AtEase study, but the CAPS-5 primary endpoint will be assessed at Week 4 instead of at Week 12. The Week 4 assessment of CAPS-5 in the Phase 3 HONOR study showed clinically meaningful improvement at this timepoint in the entire modified Intent-to-Treat sample.

07:20 EDT Shenandoah raises quarterly dividend 3.8% to 27c per share - The board of Shenandoah declared a cash dividend of 27c per share. The dividend is an increase of 1c per share or 3.8% over the 2017 dividend. The dividend will be payable November 30, to shareholders of record as of the close of business on November 12. The total payout to shareholders, before reinvestment, will be approximately $13.4M.

07:19 EDT Criteo to acquire Manage, terms not disclosed - Criteo has entered into a definitive agreement to acquire Manage, a Silicon Valley-based company with an attractive app install advertising solution. Mobile apps are one of the biggest and fastest growing advertising spend channels. The addition of Manage complements our already significant app business and further strengthens our end-to-end advertising solution. With Manage, we gain key commercial talent and technology to win in this growing space. The transaction was closed on October 29, 2018.

07:17 EDT Pennsylvania REIT announces 2 new executed leases at Plymouth Meeting Mall - PREIT (PEI) announced two newly executed leases with Michaels (MIK) and Miller's Ale House at Plymouth Meeting Mall, completing its anchor replacement initiative for the former Macy's space. Plymouth Meeting is one of PREIT's many anchor replacement projects that span an array of uses and expeditious re-tenanting. In a year where Bon Ton closed 212 stores and Sears announced an initial closing list of 142 additional stores, PREIT has completed its planned department store repositioning effort. In the past 13 months, PREIT has opened or executed leases with nearly 30 tenants in 10 former department store spaces. The replacements span an array of uses including dining, entertainment, off-price, fitness, sports & leisure, arts & crafts, grocery and even traditional department stores. As part of its proactive replacement strategy, PREIT replaced 5 Sears stores and 1 Bon-Ton store.

07:13 EDT Intercept backs FY Ocaliva net sales view $170M-$185M - The company said: "Based on our third quarter results and our current outlook for the remainder of 2018, we are confirming our previously announced 2018 Ocaliva net sales guidance range of between $170 million and $185 million. In addition, we are confirming our previously announced 2018 non-GAAP adjusted operating expenses guidance range of between $390 million and $410 million."

07:10 EDT Maxar Technologies sees FY18 adjusted operating cash flow $300M-$400M - Capital expenditures of $300M-$315M.

06:54 EDT Acadia up 13% after major depressive disorder trial hits endpoint - In pre-market trading, Acadia shares are up $2.81, or 13.3%, to $23.90.

06:51 EDT PBF Logistics increases quarterly distribution to 50c per unit - The board of directors of PBF Logistics declared a regular quarterly cash distribution of 50c per common unit. The distribution is payable on November 30, to unitholders of record at the close of business on November 15.

06:49 EDT Estee Lauder says 'continues to see strong consumer demand' - The Company continues to see strong consumer demand for its high-quality products and expects to continue to deliver growth at the high end of its long-term net sales and earnings per share growth targets. We continue to expect global prestige beauty to grow 5% to 6% during the fiscal year. The Company expects to grow ahead of the industry. However, the Company is mindful of risks related to social and political issues, geopolitical tensions, regulatory matters, global security issues, currency volatility and economic challenges affecting consumer spending in certain countries and travel corridors. Given this environment, the Company has reflected the following risks in its outlook: Future moderation of net sales growth in China and Travel Retail, which we have not experienced to date, to reflect the current geopolitical and economic risks. Impact of all known tariffs globally, including the planned increase in China in January. Announced closings of certain department store locations in the United States and the United Kingdom.

06:37 EDT Airbus sees FY18 EBIT adjusted approx. EUR5B - Before M&A, the Company maintains expected EBIT Adjusted of approximately EURO$ 5 billion in 2018. This includes a lower expected reduction in EBIT Adjusted from the A220 than estimated in H1 2018. Airbus expects Free Cash Flow before M&A and Customer Financing to be lower than the 2017 level of EURO$ 2.95 billion. This also reflects an expected reduction of approximately EURO$ -0.3 billion from the A220. In 2018, the Company expects the net cash impact of the A220 integration to be largely covered by the funding arrangement as laid out in the terms of the C Series Aircraft Limited Partnership, meaning limited cash dilution.

06:36 EDT Estee Lauder announces 40M share repurchase program - The Company's Board of Directors authorized the repurchase of up to another 40M shares of Class A Common Stock, or about 11% of the total outstanding common stock. This increases the total authorization to 256 million shares, of which approximately 212 million have been repurchased to date. The Company had a total of approximately 363 million common shares outstanding as of October 24, 2018.

06:30 EDT Sanofi CEO says 'now well positioned to deliver growth' - Sanofi CEO Olivier Brandicourt commented: "In the third quarter, Sanofi entered a new growth phase. We delivered strong results with double-digit growth in Specialty Care and Emerging Markets, while Vaccines contributed a high-single digit increase in sales. In addition, we are looking forward to expanding our Specialty Care business with the launches of Libtayo , Cablivi and Dupixent for asthma. Based on the underlying dynamics demonstrated in the quarter, Sanofi is now well positioned to deliver growth".

06:24 EDT Ramco Properties announces name change to 'RPT Realty' - Ramco Properties announced that it will change its name to RPT Realty, effective November 13, 2018. The name change signifies the new strategic direction under recently appointed President and CEOBrian Harper, Executive Vice President and CFO Michael Fitzmaurice and Executive Vice President of Leasing Timothy Collier. The company will continue to trade on the NYSE under the symbol "RPT."

06:21 EDT Dine Brands reports Q3 Applebee's domestic system-wide SSS up 7.7% - IHOP's Q3 domestic system-wide SSS increased 1.2%.

06:19 EDT Egalet initiates proceedings under Chapter 11 of U.S. Bankruptcy Code

06:17 EDT Egalet to acquire four FDA approved pain products, initiates Chapter 11 - Egalet entered into an asset purchase agreement to acquire four marketed products from Iroko Pharmaceuticals. If consummated, the proposed transaction will enable Egalet to focus on marketing predominantly non-narcotic pain products. To facilitate this transaction and reorganize Egalet's capital structure, Egalet has initiated proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware. As part of its restructuring, Egalet has filed a plan of reorganization that is supported by a majority in dollar amount of all classes of Egalet's debt holders. The plan contemplates payment in full of all of Egalet's vendors and suppliers. Pursuant to the agreement, Egalet will acquire three FDA-approved low-dose SoluMatrix non-steroidal anti-inflammatory products, Vivlodex, Tivorbex, and Zorvolex, as well as Indocin oral suspension and suppositories or capsules and SoluMatrix naproxen, a phase 2 product candidate, from Iroko. As consideration for the acquisition, Egalet will issue to Iroko $45M in new senior secured notes, 49% of the new Egalet common stock and a royalty payment based upon annual Indocin net sales over $20M. Upon the closing of the acquisition, Egalet management will continue to lead the company with the Iroko products integrated into the Egalet sales representatives' product offerings. Egalet projects annual net revenue for all products, including the products to be acquired from Iroko, to be between $80M-$90M. The Iroko acquisition is conditioned upon the reorganization of Egalet under the Bankruptcy Code. Business will continue uninterrupted and operations will be supported by existing cash on hand. In advance of the Chapter 11 filing, over two-thirds in dollar amount of the company's debt holders signed a restructuring support agreement which the company believes will facilitate an expeditious emergence from Chapter 11. As part of that agreement, Egalet will equitize its existing 5.50% and 6.50% convertible notes and a portion of its existing 13% senior secured notes. Through a combination of equity and cash, Egalet will, if the plan is approved, reduce its senior debt by $34M to a total of $95M in senior secured debt, comprised of the $45M to be issued to Iroko and $50M to be issued to Egalet's existing 13% senior secured notes holders. In addition, the plan provides for the elimination of all of Egalet's outstanding equity securities, and the issuance of new Egalet common stock to Iroko and Egalet's existing debt holders. The acquisition and the pre-arranged reorganization will require Bankruptcy Court approval. The company anticipates the closing of the acquisition of the Iroko assets and the bankruptcy will be completed in Q1 of 2019. The company will look to relist on the Nasdaq market as soon as the company meets the applicable initial listing requirements. Egalet stock is expected to trade on the over-the-counter on the Pink Sheets through the close of the transaction.

06:09 EDT Ford, Baidu to start autonomous vehicle testing in China - Ford (F) and Baidu (BIDU) announced the commencement of a two-year joint autonomous vehicle test project, under which the two companies will further advance the development and on-road testing of autonomous vehicles in China. The Baidu-Ford L4 Autonomous Vehicle Test Project is a two-year initiative, with on-road testing slated to begin by the end of this year. The project will see Ford and Baidu cooperating to develop and test autonomous vehicles that are designed to meet the Level 4 driving automation standard as defined by SAE International. This means that upon completion of the development and testing process, the vehicles will be capable of operating autonomously within a specific geographic area and under certain weather conditions. In the lead-up to the kickoff, a team of Ford engineers at the company's Nanjing Research and Engineering Center was set up to convert the vehicles into Autonomous Vehicle Platforms in order to prepare them to be fit with Baidu's Apollo Virtual Driver System. All vehicles have now been equipped with the Virtual Driver System and related hardware and are ready for testing. The AV tests will be conducted on open roads in Beijing that are specially designated for AV testing, with the option of exploring further opportunities in other Chinese cities in the future in accordance with local regulations. Reference Link

06:07 EDT Quad/Graphics to acquire LSC Communications in all-stock deal valued at $1.4B - Quad/Graphics (QUAD) and LSC Communications (LKSD) announced that their boards of directors have approved a definitive agreement whereby Quad will acquire LSC Communications in an all-stock transaction valued at approximately $1.4B, including the refinancing of LSC Communications' debt. As of September 30, 2018, the combined company would have had annual revenue of approximately $8B. The deal is expected to close in mid-2019, and be accretive to earnings, excluding non-recurring integration costs. Net synergies are expected to be approximately $135M, and will be achieved in less than two years and result in substantial additional Free Cash Flow generation. Under the terms of the agreement, LSC Communications shareholders will receive 0.625 shares of Quad Class A common stock for each LSC Communications share they own, representing approximately 29 percent total economic ownership of the combined company and approximately 11 percent of the vote of the combined company. Based on the closing share prices of both companies on October 30, 2018, the merger consideration represents a premium of 34 percent to LSC Communications shareholders. Quad shareholders will continue to own Class A and Class B shares, representing approximately 71 percent total economic ownership of the combined company and approximately 89 percent total voting power of the combined company. The transaction supports Quad's long-term strategic vision by preserving the Quadracci Family leadership and voting control in the company. Quad expects the transaction to be accretive to earnings, excluding non-recurring integration costs. Net synergies are expected to be approximately $135 million, and will be achieved in less than two years, through the elimination of duplicative functions, capacity rationalization, greater operational efficiencies and greater efficiencies in supply chain management that will also benefit our clients. Joel Quadracci will be Chairman, President and Chief Executive Officer of the combined company. Quad will expand its board of directors to include two members from LSC Communications' existing board. The transaction is expected to close in mid-2019, subject to approval by Quad and LSC Communications shareholders, regulatory approval and other customary closing conditions. The Quadracci Family Voting Trust, holder of approximately 64 percent of the voting power of Quad's outstanding common stock, has entered into a voting agreement with LSC Communications pursuant to which it will vote in favor of the issuance of shares in connection with the transaction.

06:05 EDT SiteOne Landscape sees 2018 adjusted EBITDA $175M-$180M

06:01 EDT Anthem reports medical enrollment totaled about 39.5M members at Sept. 30

05:42 EDT SMTC Corp. invests in U.S., Mexican operations - SMTC Corporation announced the completion of nearly $5 million in facility and equipment expansion in North America to support its growing global customer base. The company also announced orders in excess of $15 million from new medical customers that were conditioned upon being awarded ISO 13485 accreditation which the company recently obtained. The facility upgrades include higher volume capacity of package-on-package and ultra-fine pitch components at exceptionally high levels of quality in any board outline from SMTC's U.S. manufacturing facility and the doubling of box-build manufacturing capacity at our Mexican operations.

05:40 EDT Nano Dimension announces partnership with Productivity - Nano Dimension announced a new reseller agreement with Productivity Inc., significantly expanding the company's North American channel partner ecosystem. Productivity Inc. will promote Nano Dimension's award-winning DragonFly Pro additive manufacturing platform for printed electronics in the Upper Midwest region, while its related company, MMT, will cover the Rocky Mountain region. This new channel partnership follows multiple recent additions to Nano Dimension's North American reseller network and represents significant growth of the company's thriving partner ecosystem and sales reach. As part of the reseller agreement, Productivity will purchase Nano Dimension's award-winning DragonFly Pro 3D printer and make the technology available to its large customer base.

05:19 EDT TechnipFMC signs 'major' contract with MIDOR for refinery expansion in Egypt - TechnipFMC has signed a major Engineering, Procurement, and Construction, or EPC. contract by Middle East Oil Refinery, or MIDOR, for the modernization and expansion of their existing complex near Alexandria, Egypt. For TechnipFMC, a "major" contract is over $1B. This EPC contract covers the debottlenecking of existing units as well as the delivery of new units including a Crude Distillation Unit, a Vacuum Distillation Unit, a hydrogen production facility based on our steam reforming technology, as well as various process units, interconnecting, offsites and utilities. Starting in 2022, the modernized complex will exclusively produce Euro V products, with a 60% increase in the refinery's original capacity to 160,000 barrels per day of crude oil.

05:16 EDT MidSouth Bancorp reaches agreement with major holders - MidSouth Bancorp announced it has reached agreements with Basswood Capital Management, its largest shareholder, and Jacobs Asset Management, its third largest shareholder. Under the terms of the agreements, MidSouth has granted both Basswood and JAM the right to have one non-voting observer attend MidSouth's board of director meetings for a minimum of two years, provided that Basswood and JAM may choose to terminate the Agreements any time after nine months. Under the Agreements, Basswood and JAM are subject to certain agreements for the duration of the observer status, including, among other things, prohibitions on making shareholder proposals, soliciting proxies, proposing nominees for election to the Board or proposing business combination transactions involving the Company. In addition, MidSouth announced it will be requesting approval from the appropriate regulatory authorities for Ryan Medo and John Heffern to join its board. MidSouth's previously announced request for regulatory approval for William Grant III to join its board is still pending.