Stockwinners Market Radar for November 01, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

SYF WMT

Hot Stocks

20:12 EDT Synchrony responds to Walmart lawsuit that alleged breach of contract - Synchrony (SYF) issued the following statement in response to the lawsuit recently filed by Walmart (WMT) in United States District Court for the Western District of Arkansas: "This lawsuit is nothing more than an attempt by Walmart to exert leverage and avoid the contractually defined process for valuing the loan portfolio that Synchrony has serviced on behalf of millions of Walmart customers for the last 20 years. It is unfortunate that, despite our good faith efforts to resolve this commercial dispute amicably and in accordance with the contract, Walmart walked away from discussions and rushed to file suit. Ultimately, Walmart is trying to avoid paying the fair market value for the portfolio as required by our contract. We believe Walmart's complaint is completely baseless and without merit, and we intend to vigorously defend our position. Synchrony applied the same underwriting and decision-making processes to the Walmart portfolio as it does to all portfolios. The credit performance of the portfolio was simply driven by the credit distribution of the applicants, the relative performance of Walmart cardholders and Walmart's failure to promote the program. While we would have preferred to resolve this matter commercially, Synchrony intends to file substantial claims that will demonstrate Walmart failed in the most basic elements of our contract, including its promotion of the card program both in stores and online. While this is clearly an attempt by Walmart to avoid paying the fair market value for the portfolio, we are committed to enforcing the terms of our contract."
GLD

Hot Stocks

19:49 EDT SPDR Gold Trust holdings rise to 760.82MT from 754.94MT - This is the highest level of holdings since August 27th.
EXEL...

Hot Stocks

19:11 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Exelixis (EXEL) up 13.0%... Caesars (CZR) up 12.0%... Energy Recovery (ERII) up 9.4%... Symantec (SYMC) up 8.4%... Arista Networks (ANET) up 8.4%... Cardtronics (CATM) up 8.2%... Starbucks (SBUX) up 8.1%... Gran Tierra (GTE) up 7.8%... MasTec (MTZ) up 7.5%... SolarEdge Technologies (SEDG) up 7.3%... NIC Inc (EGOV) up 7.1%... Tesaro (TSRO) up 6.7%... Acacia Communications (ACIA) up 5.8%... California Resources (CRC) up 5.0%... Host Hotels (HST) up 3.0%... Fluidigm Corp (FLDM) up 2.5%... Live Nation (LYV) up 2.5%... Inphi Corp (IPHI) up 2.0%. DOWN AFTER EARNINGS: Universal Display (OLED) down 27.5%... Weight Watchers (WTW) down 14.6%... GoPro (GPRO) down 14.1%... Carbonite (CARB) down 10.7%... Chemours Co (CC) down 8.1%... Terex (TEX) down 7.9%... Kraft Heinz (KHC) down 7.5%... Shake Shack (SHAK) down 7.2%... Fortinet (FTNT) down 6.2%... Axcelis Tech (ACLS) down 6.1%... Apple (AAPL) down 6.1%... Teladoc (TDOC) down 4.3%... Pixelworks (PXLW) down 4.2%... Cerus (CERS) down 4.0%... Fluor Corp (FLR) down 3.0%... SM Energy (SM) down 2.9%... Rogers Corp (ROG) down 2.7%... Esperion Therapeutics (ESPR) down 1.9%... RealPage (RP) down 1.6%... Allscripts (MDRX) down 1.2%... Tanger Factory Outlet Center (SKT) down 0.9%. ALSO LOWER: Alkermes (ALKS) down 8.9% after FDA panel voted not to support approval of NDA for ALKS 5461... Microvision (MVIS) down 4.6% after equity offering.
MCK

Hot Stocks

19:00 EDT McKesson chairman CEO Hammergren to retire in 2019 - McKesson announced that John H. Hammergren, chairman and chief executive officer, has decided to retire, effective March 31, 2019. McKesson's Board of Directors has unanimously selected Brian Tyler currently president and chief operating officer, to succeed Hammergren as CEO, effective April 1, 2019. Tyler will also remain as president. Edward Mueller currently lead independent director on McKesson's Board of Directors, will succeed Hammergren as an independent chairman of the Board, also effective April 1, 2019.
TYG

Hot Stocks

18:58 EDT Tortoise Energy reports unaudited total assets approximately $2.2B at Oct. 31 - Reports unaudited net asset value was $1.3B, or $24.71 per share.
ALKS

Hot Stocks

18:52 EDT Alkermes resumes trading, falls 9% to $37.20 after FDA panel vote
TTP

Hot Stocks

18:46 EDT Tortoise Pipeline reports unaudited total assets approximately $242.3M - Tortoise Pipeline reported that as of Oct. 31, the company's unaudited total assets were approximately $242.3M and its unaudited net asset value was $170.7M, or $17.04 per share.
NTG

Hot Stocks

18:37 EDT Tortoise MLP reports unaudited total assets of approximately $1.6B as of Oct. 31 - Tortoise MLP reported unaudited total assets of approximately $1.6B and unaudited net asset value of $951.6B, or $15.05 per share, as of Oct. 31.
ALKS

Hot Stocks

18:32 EDT Alkermes says FDA panel does not support approval of NDA for ALKS 5461 - Alkermes announced that the Psychopharmacologic Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee, appointed by the U.S. FDA, met to review the company's New Drug Application for ALKS 5461. The committee jointly voted that the benefit-risk profile was not adequate to support approval (Vote: 2 Yes/ 21 No). ALKS 5461 is a once-daily, oral investigational medicine with a novel mechanism of action for the adjunctive treatment of major depressive disorder in patients with an inadequate response to standard antidepressant therapies. "We were disappointed and surprised by the FDA's characterization of the safety and efficacy data for ALKS 5461 and the resulting outcome of the Advisory Committee vote, particularly for the patients, their families and treatment providers who need and deserve access to novel therapies that work differently than currently available antidepressants," said Richard Pops, Chief Executive Officer of Alkermes. "We remain steadfast in our commitment to make a meaningful difference in the lives of people suffering with serious mental health conditions, and will continue to work with the FDA as it completes its review of the ALKS 5461 regulatory submission." Advisory committees provide the FDA with independent expert advice and recommendations on the safety and efficacy of potential new medicines. The advisory committee's recommendation, while not binding, will be considered by the FDA in its review of the NDA that Alkermes has submitted for ALKS 5461. The FDA has set a Prescription Drug User Fee Act target action date for the ALKS 5461 NDA of Jan. 31, 2019. The NDA submission for ALKS 5461 is based on results from a clinical efficacy and safety package with data from more than 30 clinical trials and more than 1,500 patients with MDD. Throughout the clinical development program, ALKS 5461 demonstrated a consistent profile of antidepressant activity, safety and tolerability in the adjunctive treatment of MDD.
ALKS

Hot Stocks

18:30 EDT Alkermes says FDA panel does not support approval of NDA for ALKS 5461 - Alkermes announced that the Psychopharmacologic Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee, appointed by the U.S. FDA, met to review the company's New Drug Application for ALKS 5461. The committee jointly voted that the benefit-risk profile was not adequate to support approval (Vote: 2 Yes/ 21 No). ALKS 5461 is a once-daily, oral investigational medicine with a novel mechanism of action for the adjunctive treatment of major depressive disorder in patients with an inadequate response to standard antidepressant therapies. "We were disappointed and surprised by the FDA's characterization of the safety and efficacy data for ALKS 5461 and the resulting outcome of the Advisory Committee vote, particularly for the patients, their families and treatment providers who need and deserve access to novel therapies that work differently than currently available antidepressants," said Richard Pops, Chief Executive Officer of Alkermes. "We remain steadfast in our commitment to make a meaningful difference in the lives of people suffering with serious mental health conditions, and will continue to work with the FDA as it completes its review of the ALKS 5461 regulatory submission."
TPZ

Hot Stocks

18:25 EDT Tortoise Power & Energy reports unaudited total assets $141.6M as of October 31 - Tortoise Power & Energy reported that as of Oct. 31, its unaudited total assets were approximately $196.4M and its unaudited net asset value was $141.6M, or $20.37 per share.
NDP

Hot Stocks

18:14 EDT Tortoise Energy Independence reports total assets about $209.6M at October 31 - Unaudited net asset value was $147M, or $10.03 per share.
CZR

Hot Stocks

18:11 EDT Caesars says searching both internally and externally for new CEO - Says CEO transition does not change M&A plans.
CZR

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18:00 EDT Caesars sees FY18 same-store CapEx $500M-$550M - Sees FY18 development CapEx $250M-$275M.
CZR

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17:59 EDT Caesars says continues to expect 'healthy cash flows'
CZR

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17:56 EDT Caesars says total room nights booked for January 2019 up about 28,000 y/y - Says over 90% of target room nights already on the books for meetings. Looking ahead to 2019: Expects continued outperformance of Centaur; positive ADR growth in Las Vegas; Dubai fully operational and generating fees; Buena Vista opening.
SBUX...

Hot Stocks

17:54 EDT Starbucks expects Nestle deal to become accretive in 2020 ahead of guidance - Starbucks (SBUX) says partnership with Alibaba (BABA) creates new digital offerings for customers. Says transitioned over 500 partners to Nestle (NSRGY) as part of Global Coffee Alliance. Says expects Nestle deal to become accretive in 2020 ahead of prior guidance. Sees $2B in capital expenditures in FY19. Says pleased with growth in China.
CZR

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17:53 EDT Caesars says debt reduction is a priority
CZR

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17:51 EDT Caesars lowers FY18 hold adjusted EBITDAR outlook to $2.32B-$2.37B - Prior view was $2.37B-$2.42B. Cites weaker than expected performance in 3Q, primarily in Las Vegas. Says in Las Vegas, 4Q in-house Group revenues and citywide Group business remains solid, implying increased hotel revenues YoY. Currently ~100,000 additional 4Q room nights on the books in Las Vegas versus the same time last year, an increase of 7% at this time.
CZR

Hot Stocks

17:44 EDT Caesars says 'very pleased with performance' in Q3 - Says managed margins well despite revenue declines in Las Vegas and Atlantic City. Says demand in Las Vegas softer than anticipated, but seeing stronger bookings in Q4 and into 2019. Comments from Q3 earnings conference call.
FCX

Hot Stocks

17:43 EDT Freeport McMoRan director Courtney Mather sells 75K shares of company stock - Freeport McMoRan director Courtney Mather disclosed in a filing that he had sold 75,000 shares of company stock at an average price of $11.15 per share on October 30. The total transaction value of the sale was $836,250.
MFC

Hot Stocks

17:41 EDT Manulife Financial increases dividend by 14% to 25c per share - Manulife increased its quarterly common shareholders' dividend 14% or 3c resulting in a dividend of 25c per share on the common shares of Manulife, payable on and after December 19 to shareholders of record at the close of business on November 20.
MFC

Hot Stocks

17:40 EDT Manulife Financial to issue Normal Course Issuer Bid - Manulife intends to launch a Normal Course Issuer Bid permitting the purchase for cancellation of up to 40 million of its common shares, representing approximately 2% of Manulife's issued and outstanding common shares. As at October 31, Manulife had 1,984,717,426 common shares issued and outstanding. Manulife believes that the purchase of Manulife common shares at recent market prices is an appropriate investment by Manulife since, in its view, recent market prices do not reflect the underlying value of Manulife's business.
AAPL

Hot Stocks

17:38 EDT Apple says will no longer report iPhone, iPad, Mac unit sales
ACRS

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17:36 EDT D.E. Shaw reports 5.0% passive stake in Aclaris Therapeutics
AAPL

Hot Stocks

17:34 EDT Apple says plans to rename 'other products' - Says will rename to wearables, home and accessories. Says business in China "very strong" last quarter. Says has seen a slowdown or moratorium on new game approvals for App Store in China. Says things on that front are not moving the way they were moving previously.
SBUX

Hot Stocks

17:28 EDT Starbucks says enhancing in-store experience is the number one priority - Says has special focus on reversing negative transaction trend. Says beverage performance es driven by cold brew. Says will unveil holiday collection a week earlier this year. Says new stores in China receive "best in class" returns. Comments taken from Q4 earnings conference call.
AAPL

Hot Stocks

17:24 EDT Apple says making 'great progress' in enterprise market - Says has made "great progress" in the enterprise market. Says over 450 airlines have adopted iOS to make pilots operate more safely. Says making "great strides" in retail sector.
PBA

Hot Stocks

17:24 EDT Pembina Pipeline enters agreements to backstop development of new pipeline - Pembina Pipeline is pleased to announce that it has entered (directly and through its joint venture affiliates) into long-term, take-or-pay agreements to backstop development of new pipeline and processing infrastructure totaling approximately $1.3B. These agreements include related service for liquids transportation on Peace Pipeline, natural gas transmission service and fractionation services at Pembina's Redwater Facility. The agreements announced today include a significant milestone for Pembina - the first integrated deal utilizing Pembina's full value chain including natural gas gathering, processing and transmission; propane-plus and condensate transportation; and propane-plus fractionation, including assets acquired through the acquisition of Veresen Inc. in October 2017. Collectively, these new projects extend Pembina's current portfolio of secured projects from $1.9 billion to $3.1 billion. In aggregate, the $3.1 billion of secured projects are expected to generate run rate Adjusted EBITDA of approximately $300 to $450 million per year.
AMH

Hot Stocks

17:14 EDT American Homes 4 Rent cuts FY18 core revenue growth view to 3.75%-4.25% - Prior view was 4.0% - 4.5%. FY18 revenue consensus $1.06B.
SM

Hot Stocks

17:09 EDT SM Energy reports Q3 production .0 MMBoe, or 130.2 MBoe/d - As previously announced, third quarter production and realized prices were strong. Production was 12.0 MMBoe, or 130.2 MBoe/d, exceeding the company's expectations primarily due to strong well performance and increased processed NGL volumes. Realized pricing (before the effects of hedges) averaged $38.26 per Boe, benefiting from high benchmark oil and NGL prices and despite an increased Midland-WTI differential. For the first nine months of 2018, production was 32.6 MMBoe, or 119.4 MBoe/d and realized pricing (before the effects of hedges) averaged $38.15 per Boe.
SM

Hot Stocks

17:08 EDT SM Energy sees Q4 production 11.3-11.7 MMBoe - The company previously announced that fourth quarter production would be affected by a force majeure incident at a third-party gas processing facility, as well as regional storms. Subsequent to that announcement, the RockStar area was further impacted by heavy rains associated with Hurricane Willa and also experienced isolated curtailments related to a leak at a third-party oil pipeline used by one of the Company's purchasers. The effect on fourth quarter production related to the temporary shut-in of some wells and delayed installation of pipeline connections on certain new wells is now estimated to be 0.6 MMBoe. While the Company expects that these matters are being resolved or mitigated, it expects certain effects to last through year-end. Expected full year 2018 production guidance is narrowed to a range of 43.9-44.3 MMBoe (120.3-121.4 MBoe/d) from 43.5-45.0 MMBoe (119.2-123.3 MBoe/d) and is expected to average approximately 42% oil in the commodity mix. This includes the estimated effects of the temporary issues discussed above. This implies a fourth quarter production guidance range of 11.3-11.7 MMBoe, or 122.8-127.2 MBoe/d. Fourth quarter production is expected to approximate 42% oil in the commodity mix. The Company expects to process ethane, where possible, each month during the fourth quarter.
AAPL

Hot Stocks

17:06 EDT Apple CEO says company had 'best September quarter ever' - Says had "best September quarter ever." Says "record" results from iPhone, services, and wearables drove growth in Q4. Says 2018 was a "big year" for iPhone. Comments taken from Q4 earnings conference call.
STZ...

Hot Stocks

17:05 EDT Constellation Brands' $4B investment in Canopy Growth closes - Constellation Brands (STZ, STZ.B) and Canopy Growth (CGC) announced the closing of Constellation's $4B investment in Canopy Growth, which was previously announced on August 15, 2018. The transaction was approved by an overwhelming majority of Canopy Growth shareholders and has been granted all required regulatory approvals, including by the Canadian government under the Investment Canada Act. This investment provides Canopy Growth with significant funding needed to build scale in the more than 30 countries currently pursuing federally permissible medical cannabis programs, while establishing the foundation needed to supply new recreational adult-use markets as cannabis becomes legal in markets around the world. With this investment, Constellation Brands increases its ownership interest in Canopy Growth to approximately 37% of outstanding common shares of Canopy Growth and has appointed two members of its executive team, as well as two independent directors, to the Board of Directors of Canopy Growth. Constellation estimates the interest expense associated with this transaction to approximate $55M before tax with an approximate $0.25 impact on fiscal 2019 comparable basis EPS results. Constellation also continues to evaluate the potential equity in earnings impact from the Canopy Growth investment and related items.
STZ CGC

Hot Stocks

17:04 EDT Constellation Brands investment in Canopy Growth closes - Constellation Brands and Canopy Growth Corporation announced the closing of Constellation's $4B investment in Canopy Growth, which was previously announced on August 15. The transaction was approved by an overwhelming majority of Canopy Growth shareholders and has been granted all required regulatory approvals, including by the Canadian government under the Investment Canada Act. This investment provides Canopy Growth with significant funding needed to build scale in the more than 30 countries currently pursuing federally permissible medical cannabis programs, while establishing the foundation needed to supply new recreational adult-use markets as cannabis becomes legal in markets around the world. With this investment, Constellation Brands increases its ownership interest in Canopy Growth to approximately 37% of outstanding common shares of Canopy Growth and has appointed two members of its executive team, as well as two independent directors, to the board of Canopy Growth. Constellation estimates the interest expense associated with this transaction to approximate $55M before tax with an approximate 25c impact on FY19 comparable basis EPS results. Constellation also continues to evaluate the potential equity in earnings impact from the Canopy Growth investment and related items.
CHCT

Hot Stocks

17:02 EDT Community Healthcare raises quarterly dividend to 40.5c per share - Payable on November 30, 2018 to shareholders of record on November 16, 2018.
RTIX

Hot Stocks

16:58 EDT RTI Surgical to acquire Paradigm Spine in up to $300M deal - RTI Surgical and Paradigm Spine announced that they have entered into a definitive agreement whereby RTI will acquire all outstanding equity interest of Paradigm Spine in a cash and stock transaction valued at up to $300 million, consisting of $150 million at closing plus potential future milestone payments. RTI believes this transaction underscores its significant progress executing against its strategic transformation to reduce complexity, drive operational excellence and accelerate growth. Under the terms of the agreement, RTI shall pay $100 million in cash and 10,729,614 shares of RTI common stock at closing. The potential milestone payments are payable in a combination of cash and RTI common stock. The shares of RTI stock to be issued at closing were valued based on the volume weighted average closing trading price of RTI common stock on the NASDAQ for the five business trading days prior to the date of execution of the definitive agreement, representing $50 million of value. The transaction has been approved by the Board of Directors of RTI and the Board of Managers of Paradigm Spine, and is expected to close in the first quarter of 2019. The transaction is subject to the satisfaction of customary closing conditions and applicable regulatory approvals, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act as well as approval by RTI shareholders and Paradigm Spine equity holders. Certain shareholders of RTI and certain equity holders of Paradigm Spine have each executed support agreements in favor of the transaction. The transaction is expected to be accretive to RTI EBITDA within 12 months of closing. RTI intends to fund the cash portion of the consideration with approximately $100 million in new, fully-committed debt financing, to be provided by Ares Capital Corporation.
GOOD

Hot Stocks

16:57 EDT Gladstone announces $21.3M industrial portfolio acquisition - Gladstone Commercial Corporation announced that it completed the acquisition of a two building, 218,703 SF industrial portfolio in the Detroit, MI suburbs of Auburn Hills and Sterling Heights for $21.3M through an UPREIT transaction, inclusive of assumed debt. The initial capitalization rate for the acquisition is 7.5%, and the average capitalization rate is 8.0%. The portfolio is 100% leased with a weighted average lease term of 10.5 years.
X

Hot Stocks

16:57 EDT U.S. Steel sees FY18 adjusted EBITDA approximately $1.8B
RVNC

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16:56 EDT Revance sees FY18 cash burn of $117M-$137M
WD

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16:56 EDT Walker & Dunlop acquires iCap Realty Advisors in Atlanta - Walker & Dunlop announced that it has acquired iCap Realty Advisors, a mortgage banking firm based in Atlanta, Georgia that provides debt placement solutions for all commercial real estate asset classes. iCap services approximately $2B of life insurance company loans, substantially all of which will be added to Walker & Dunlop's servicing portfolio before year end. iCap's five bankers and brokers and their support staff have joined Walker & Dunlop's Capital Markets group, including Managing Directors Alfie Means and David Collie, who will oversee the team's origination activities. The team has historically originated between $700M-$1B of annual brokered volume through a broad range of capital providers.
X

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16:56 EDT U.S. Steel sees Q4 EBITDA $575M
X

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16:55 EDT U.S. Steel announces $300M share repurchase authorization - United States Steel Corporation announced enhancements to its capital allocation strategy, which include a $300M share repurchase authorization and redemption of all of its outstanding 2020 Senior Notes.
CWST

Hot Stocks

16:54 EDT Casella Waste acquires two businesses - Casella Waste Systems announced that it has acquired the assets of Boon & Sons and of Oceanside Rubbish. Both transactions closed on November 1. Boon is a provider of residential, commercial and roll-off collection services in the Rochester, NY market. Oceanside is a provider of residential, commercial and roll-off collection services and operates a transfer station in the Southern, ME marketplace. In total, the company expects to generate approximately $16M of annualized revenues from the Boon and Oceanside acquisitions.
ADVM

Hot Stocks

16:53 EDT Adverum Biotechnologies to discontinue ADVM-043 development - Adverum Biotechnologies provided a program update for its gene therapy product candidates. The company announced its decision to discontinue the development of ADVM-043, an investigational AAVrh.10-based gene therapy for the treatment of A1AT deficiency. Based on the review of the ADVANCE Phase 1/2 study, the data did not demonstrate the potential to reach M-protein threshold levels of 11microM.
OLP

Hot Stocks

16:52 EDT One Liberty Properties acquires industrial property in NJ - One Liberty Properties announced that it acquired a 64,000 square foot industrial property on 5.19 acres located in Moorestown, New Jersey, a suburb of Philadelphia, Pennsylvania, for $7.4M. The building is net leased through early 2028 for an aggregate annual base rent of approximately $531,000, increasing annually, beginning in 2020, by $16,000.
BPI

Hot Stocks

16:51 EDT Bridgepoint Education: University of the Rockies, Ashford merger finalized - Bridgepoint Education announced that following the approval by the WASC Senior College and University Commission on June 29, 2018, to merge Ashford University and University of the Rockies, the United States Department of Education approved all the programs that were offered at University of the Rockies to be eligible for Title IV of the Higher Education Act at Ashford University effective October 5, 2018. The Department closed University of the Rockies on October 29, 2018. Along with the required corporate filings, this completes the merger of Ashford University and University of the Rockies. Merging the two universities into one brings together Ashford's associate and baccalaureate programs, both universities' master's programs, and University of the Rockies' doctoral programs under the Ashford University name.
EXEL

Hot Stocks

16:50 EDT Exelixis sees FY18 opex $410M-$420M
WTW

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16:50 EDT Weight Watchers down 12.2% after reporting Q3 earnings, giving FY18 guidance
CME

Hot Stocks

16:50 EDT CME Group prevails in antitrust case brought by Eurex subsidiary - CME Group released the following statement regarding the dismissal of a 15-year old antitrust lawsuit filed by the United States Futures Exchange, the former U.S. subsidiary of Eurex: "We are extremely pleased to be vindicated from these baseless antitrust charges after litigating them for more than a decade. USFE, which hasn't been in operation for years, by its own admission failed to attract customers and effectively compete in the U.S. market due to its own missteps - offering inferior liquidity on a substandard platform without any economic incentive for clients to trade its product. With this long-running case now resolved, we continue to focus on providing the products and services that help global market participants effectively manage their risk and pursue opportunities."
RYI

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16:49 EDT Ryerson sees 'continued good demand conditions in the U.S.' in Q4 - Ryerson management anticipates continued good demand conditions in the U.S. for the fourth quarter of 2018, as economic indicators on balance remain favorable in the manufacturing economy. The U.S. industrial production index, as measured by the Federal Reserve, has remained elevated through September registering year-over-year monthly growth of 5.1%, the highest growth attained since December 2010. Overall, Ryerson expects tons shipped in the fourth quarter of 2018 to decline less than the 7% average decline from the third quarter to the fourth quarter experienced during the past 5 years, as measured by the MSCI.
CTT

Hot Stocks

16:48 EDT CatchMark Timber sees FY18 GAAP net loss of $116M-$122M.
CRUS

Hot Stocks

16:47 EDT Cirrus Logic CEO saw strong Q3 demand for portable audio components - CEO Jason Rhode says: "Cirrus Logic delivered Q2 revenue significantly above guidance as we experienced solid demand for our portable audio components ahead of customer product launches. While we are pleased with our results, we remain focused on executing on our product roadmap and expanding share with new and existing customers. As we move into FY20, we believe the company is well positioned to capitalize on the increasing demand for compelling audio, voice and haptic products which we expect to contribute to our return to year-over-year revenue growth."
STRL

Hot Stocks

16:46 EDT Sterling JV selected for $200M contract for highway project in Colorado - Sterling Construction Company, Inc. announced that its subsidiary, Ralph L. Wadsworth Construction Company, LLC (and its joint venture partner, SEMA Construction, have been selected by the Colorado Department of Transportation to design and perform the reconstruction work on I-25 in Weld and Larimer counties in Colorado. Upon successful completion of design finalization and execution of the Construction Manager/General Contractor contract, the project is estimated to exceed $200 million and is expected to begin construction in mid-2019. The project will entail the widening of a stretch of Interstate 25 in the vicinity of Mead, approximately 35 miles north of Denver between SH-66 and the SH-402 Interchange. Sterling and SEMA will expand the highway from two lanes in each direction to accommodate two general purpose lanes and one express lane in each direction. In addition to the roadway widening, all interchanges within the project limits will be rebuilt, which includes replacing the existing bridges.
PACB

Hot Stocks

16:45 EDT Pacific Biosciences trading resumes
VVC

Hot Stocks

16:43 EDT Vectren increases quarterly dividend 6.7% - Vectren Corporation has declared a quarterly dividend of 48c per share, up 6.7% from the current quarterly dividend of 45c per share. This equates to an annualized dividend of $1.92 per share, up from the current annualized dividend of $1.80 per share. The quarterly dividend will be payable December 3 to shareholders of record at the close of business on November 15.
ANET

Hot Stocks

16:42 EDT Arista Networks up over 11% afterhours following Q3 earnings beat
CVBF

Hot Stocks

16:41 EDT CVB Financial announces new share repurchase plan - CVB Financial Corp. announced that pursuant to the company's common stock repurchase program, the company has entered into a new Rule 10b5-1 repurchase plan on November 1, 2018. Pursuant to the 2018 10b5-1 Plan, a maximum of 6,000,000 shares of the company's common stock may be repurchased by the company, beginning on November 1, 2018 until the 2018 10b5-1 Plan expires on October 31, 2019, unless completed sooner or the 2018 10b5-1 Plan is otherwise extended or terminated. On August 11, 2016, the Company's Board authorized an increase to the Company's Repurchase Program, originally announced on July 16, 2008, to a maximum of 10,000,000 shares of the Company's common stock. The Company has repurchased 81,800 shares of its common stock since the date of the announced increase to the Repurchase Program. Accordingly, as of October 31, 2018, 9.9 million of the Company's shares of common stock remain available for repurchase under the Repurchase Program.
ANET

Hot Stocks

16:41 EDT Arista Networks reports Q3 gross margin 64.6% vs. 64.4% last year
GOOD

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16:38 EDT Gladstone signs five-year lease extension at North Carolina property - Gladstone Commercial Corporation announced that it has executed a 5-year lease extension with Fiserv Solutions at its 60,000 square foot office property located in Hickory, North Carolina. The lease extension maintains the property's 100% occupancy with Fiserv through March 31, 2025.
AIV

Hot Stocks

16:38 EDT Aimco sees Q4 AFFO 50c-54c
LYV

Hot Stocks

16:36 EDT Live Nation says 'had its best quarter ever' - "Live Nation had its best quarter ever, and we are on track to deliver another year of record results across revenue, operating income and adjusted operating income. For the quarter, revenue was up 11%, operating income was up 16% and AOI was up 16%. For the nine months, revenue was up 11%, operating income was up 24% and AOI was up 17%. All our divisions - concerts, sponsorship, and ticketing - each delivered their strongest third quarter AOI results ever. Our concerts business is our flywheel, attracting over 33 million fans to shows globally in the quarter, up 12% year-over-year, which then drove record results in our on-site, ticketing and sponsorship businesses. Through October, we have sold 85 million tickets for concerts in 2018, up 6% year-on-year, and we are on track to sell over 90 million tickets this year. With our strength in concert attendance growth, we are also seeing similar success in our on-site, sponsorship and ticketing businesses, giving us confidence that 2018 will be another year of record results for Live Nation overall and for each of our divisions."
AAPL

Hot Stocks

16:36 EDT Apple says Q4 Services revenue up 27% when excluding favorable adjustment - Apple said in tonight's earnings release, "Services revenue reached an all-time high of $10 billion. Excluding a one-time favorable adjustment of $640 million recognized in the fourth quarter of fiscal 2017, Services revenue grew from $7.9 billion in the fourth quarter of fiscal 2017 to $10 billion in the fourth quarter of fiscal 2018, an increase of 27 percent."
WAAS

Hot Stocks

16:36 EDT AquaVenture CEO Douglas Brown to step down - AquaVenture Holdings Limited announced executive team changes that represent the culmination of a planned succession led by founder CEO to the next generation of leadership. The following changes capitalize on the strength of the Company's executive team, while ensuring continuity during the transition: Douglas Brown will step down from his role as Chief Executive Officer of AquaVenture Holdings and Seven Seas Water effective at the end of 2018. Mr. Brown will remain as Chairman of the Board of Directors. In addition, Mr. Brown will continue to serve in a full-time capacity, focusing on contributing to the execution of our M&A efforts. Anthony Ibarguen will be promoted to the role of Chief Executive Officer and President of AquaVenture Holdings effective January 1, 2019. Mr. Ibarguen has held the role of President since 2014 and he will remain on the Company's Board of Directors. Mr. Ibarguen will also retain the role of Chief Executive Officer at Quench, which he has held since 2010. Lee Muller will continue in his role as Chief Financial Officer of AquaVenture Holdings and Seven Seas Water.
AAPL

Hot Stocks

16:35 EDT Apple CEO highlights 'record-breaking quarter' in earnings comments - Apple CEO Tim Cook said in tonight's earnings release, "We're thrilled to report another record-breaking quarter that caps a tremendous fiscal 2018, the year in which we shipped our 2 billionth iOS device, celebrated the 10th anniversary of the App Store and achieved the strongest revenue and earnings in Apple's history. Over the past two months, we've delivered huge advancements for our customers through new versions of iPhone, Apple Watch, iPad and Mac as well as our four operating systems, and we enter the holiday season with our strongest lineup of products and services ever." CFO Luca Maestri added, ""We concluded a record year with our best September quarter ever, growing double digits in every geographic segment. We set September quarter revenue records for iPhone and Wearables and all-time quarterly records for Services and Mac. We generated $19.5 billion in operating cash flow and returned over $23 billion to shareholders in dividends and share repurchases in the September quarter, bringing total capital returned in fiscal 2018 to almost $90 billion."
AAPL

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16:34 EDT Apple shares drop 5%, or $11.23, to $210.99 after Q4 results
EOG

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16:33 EDT EOG Resources to sell all of its U.K. operations - EOG reached an agreement to divest all of its U.K. operations. Closing is anticipated in the fourth quarter 2018.
AAPL

Hot Stocks

16:33 EDT Apple reports Q4 Services revenue $9.98B vs. $8.5B last year - Reports Q4 Other Products revenue $4.2B vs. $3.23B last year. Includes sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and other Apple-branded and third-party accessories.
'

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16:33 EDT Ampco-Pittsburgh commences restructuring of manufacturing footprint - Ampco-Pittsburgh Corporation announced that it has completed a sale of the Vertical Seal division of Akers National Roll Company, an indirect subsidiary of Ampco-Pittsburgh, to Roser Technologies Inc. Vertical Seal manufactures custom-designed parts and provides specialty services to rolling mill customers located throughout North America. Ampco-Pittsburgh acquired Vertical Seal as part of its acquisition of Akers AB and certain of its affiliated companies in March 2016. Vertical Seal is located in Pleasantville, Pennsylvania, and has 65 employees. The disposition of this business is in line with the execution of Ampco-Pittsburgh's strategy to concentrate on its core businesses.
EOG

Hot Stocks

16:32 EDT EOG Resources raises FY18 CapEx view to $5.8B-$6B - EOG has raised its target for full-year 2018 crude oil production growth to 19 percent. To maintain operational continuity into 2019, the company elected to retain high performing service providers for the remainder of 2018. Approximately 65 percent of its anticipated 2019 services have been secured at competitive pricing. As a result, EOG increased its 2018 exploration and development expenditure forecast to $5.8 to $6.0 billion, excluding acquisitions and non-cash transactions. The company is on track to reduce total well costs by five percent in 2018, and targets further well cost reductions in 2019. EOG now expects to complete approximately 720 net wells in 2018, an increase of 20 net wells from its prior forecast. "We are positioning EOG to carry the operating efficiencies gained this year into 2019. We secured a significant proportion of our service costs, which along with disciplined execution will help further reduce well costs and improve returns," Thomas continued. "With a deep inventory of premium drilling locations across multiple plays, EOG will continue to allocate capital to the highest return areas while maintaining a disciplined operating pace. EOG is well positioned to continue delivering its unique combination of high returns, disciplined growth and strong free cash flow for years to come."
AAPL

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16:32 EDT Apple reports Q4 iPad units 9.7M vs. 10.33M units last year - Reports Q4 Mac units 5.3M vs. 5.39M last year.
AAPL

Hot Stocks

16:31 EDT Apple reports Q4 iPhone units 46.89M vs. 46.68M last year
BDSI

Hot Stocks

16:31 EDT BioDelivery Sciences announces expanded preferred coverage for Belbuca - BioDelivery Sciences International announced that a leading U.S. pharmacy benefit manager has added Belbuca buccal film to their national preferred formulary list effective November 1. Belbuca is currently indicated in the U.S. for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment for which alternative treatment options are inadequate.
TRUP

Hot Stocks

16:29 EDT Trupanion issues statement on conlusion of points program - Trupanion said in a statement, "At Trupanion we are constantly testing ways we can surprise and delight the teams that work in support of the best care for pets. In response to market speculation and misinformation in the investment community, Trupanion is providing an update on a points program that provided rewards based on enhanced usage of its proprietary and patented software, Trupanion Express. This program did not incentivize enrollments. In 2016, we began a test program where partner hospitals could earn points for using the full range of Trupanion's software, including, for example, fulfilling a request for a pet's medical history. The points program was one of a number of initiatives packaged together with the ultimate goal to enhance the behaviors within hospitals in support of the Trupanion member claims experience that our software provides. The points program was tested over a two-year period. In September 2018, we concluded that the additional expense incurred from offering the points program (fees to a third-party administrator) failed to create any incremental value or behavior change. The termination of the program was unrelated to any regulatory inquiries. To the contrary, the determination was made because the test program was not having the desired results. The Company reiterates its prior statement as filed on Form 8-K: 'We have had discussions with regulators on these topics, and, as of today, we have no reason to believe that any state regulator believes that our business model violates the letter, or spirit, of insurance regulations with respect to these issues. Furthermore, we have no expectation that we will need to change our business practices.' On October 19, 2018, Trupanion communicated to partner hospitals that it will be concluding the points program in its current form. The aggregate value of point redemptions nationwide has averaged less than $50,000 per year, with only approximately 1% of the 20,000 hospitals that Trupanion's Territory Partners reach. We continue to believe that our implementation and subsequent conclusion of the points program is and has always been immaterial to our business performance."
OVAS

Hot Stocks

16:29 EDT OvaScience provides merger update - OvaScienceSM and Millendo Therapeutics, Inc., a clinical-stage biopharmaceutical company focused on developing novel treatments for orphan endocrine diseases, announced that the companies have updated the terms of their merger agreement and increased the size of the associated financing, strengthening the position of the combined company. Great Point Partners has joined the previously-disclosed investor syndicate, which includes New Enterprise Associates, Frazier Healthcare Partners, and Roche Venture Fund, among others, bringing the total expected proceeds of the financing to approximately $50 million in the combined company, at the same valuation as the merger. Together with the approximately $37 million in net cash expected from OvaScience at closing, the total proceeds of the merger and financing are expected to be approximately $87 million. The proceeds will fund the further development of Millendo's lead assets, livoletide and nevanimibe. The financing and merger are expected to close in the fourth quarter of 2018. In conjunction with the additional investment by Great Point Partners, the estimated exchange ratio in the merger agreement has been revised, giving OvaScience securityholders greater ownership of the combined company - now with a post-money valuation of approximately $246 million - than pursuant to the former exchange ratio. On a pro forma basis, current OvaScience securityholders will own approximately 17% of the combined company, current Millendo securityholders (assuming the Millendo option pool is fully allocated) will own approximately 63% of the combined company (exclusive of participation in the associated financing), and investors participating in the financing will acquire approximately 20% of the combined company, in each case excluding the available OvaScience option pool and certain out-of-the-money options and subject to adjustment based on OvaScience's anticipated net cash balance at the time of closing. The proposed transaction has been approved by the boards of directors of both companies and is expected to close in the fourth quarter of 2018, subject to the approval of OvaScience shareholders at a special shareholder meeting on December 4, 2018, as well as other customary conditions. The financing with Great Point Partners depends on a separate registration statement being declared effective unless such condition is waived.
BL SAP

Hot Stocks

16:28 EDT BlackLine announces re-seller agreement with SAP - BlackLine (BL) announced it has entered into a reseller agreement with SAP (SAP). Under the terms of the new agreement, SAP will have the ability to resell BlackLine's market-leading cloud-based finance and accounting solutions to businesses around the world. SAP is adding BlackLine solutions to its pricelist, enabling SAP account executives to sell them worldwide with the same processes, contracts, incentives and conditions as the rest of the SAP portfolio. SAP also will provide customer support.
LHO

Hot Stocks

16:28 EDT LaSalle Hotel sees Q4 RevPAR Growth for full portfolio of 4.5%-6.0% - Sees Q4 RevPAR Growth ex. Key West of 3.0% to 4.5%.
NGVT

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16:26 EDT Ingevity authorizes additional $350M share repurchase - The board of directors of Ingevity Corporation approved the authorization for the repurchase of up to an additional $350M of Ingevity's outstanding common stock. The approval of this $350M is in addition to the $100M share repurchase program approved in February 2017. As of November 1, 2018, approximately $28M in aggregate value of shares had been repurchased under the 2017 share repurchase program, with approximately $72M remaining availability.
ALRN

Hot Stocks

16:25 EDT Aileron Therapeutics announces clinical trial collaboration - Aileron Therapeutics announced an agreement with Dana-Farber/Boston Children's Cancer and Blood Disorders Center for an open-label, multi-center, pediatric phase 1 clinical trial of ALRN-6924, Aileron's lead clinical candidate. In this investigator-initiated trial, pediatric patients with solid tumors will receive ALRN-6924 as a single agent, while pediatric patients with acute leukemia will be treated with a combination of ALRN-6924 and cytarabine. In addition to these two dose-escalation cohorts, a third cohort of this trial will be biomarker-enriched with the intent of improving response rates with this precision medicine approach.
CRC

Hot Stocks

16:25 EDT California Resources sees Q4 production 136-139 MBOE per day
KAMN

Hot Stocks

16:24 EDT Kaman lowers FY18 outlook - CEO Neal Keating said, "Based on our third quarter results and the expected shift of additional sales into 2019, we are revising our outlook for the remainder of the year. The most significant change is the delay of a Joint Programmable Fuze DCS order. We expected to ship this order late in the fourth quarter; however, due to increasing uncertainty around the timely receipt of U.S. government approvals and the limited shipment windows due to the nature of the product, we have elected to move this transaction out of our 2018 Outlook. We are moving forward with production and if the receipt of approvals allows us to meet our transportation schedule we will ship these fuzes in the fourth quarter. While we are disappointed by this potential delay, the JPF program, with record backlog and high levels of demand, remains a key growth platform as we move into 2019...In Distribution, based on our performance through the first nine months of the year, we are modestly revising our sales outlook to $1.135 billion to $1.155 billion, while revising our expectations for operating margin to 4.8% to 4.9%, or 4.9%* when adjusted for the restructuring and severance costs. At Aerospace we now expect sales in the range of $705.0 million to $725.0 million, with operating margins of 12.4% to 12.7%, or 14.9% to 15.1% adjusted*. A significant portion of the downward revision in our sales and margin expectations is the result of a shift of product sales out of 2018 into 2019, including the JPF DCS order referenced by Neal, the completion of our SH-2 program with Peru, and delayed shipments of our bearing products. We are increasing our expectation for Corporate expense to $62.0 million, or $60.0 million when adjusted for $2.2 million of costs associated with corporate development activities incurred in the third quarter, which included costs associated with due diligence on a significant specialty bearings acquisition we elected not to pursue. The adjusted corporate expense number is consistent with our prior corporate expense outlook for the year."
ESPR

Hot Stocks

16:23 EDT Esperion sees FY18 cash used $135 M-$145M - Esperion expects notably lower research and development expenses beginning this quarter due to the completion of the global pivotal Phase 3 LDL-C lowering development program of bempedoic acid and the bempedoic acid / ezetimibe combination pill in October 2018. The company continues to expect full-year 2018 net cash used in operating activities to be approximately $135 to $145 million and its cash and cash equivalents and investment securities to be approximately $130 to $140 million at December 31, 2018. The Company estimates that current cash resources are sufficient to fund operations through the expected approvals of the bempedoic acid / ezetimibe combination pill and bempedoic acid in the first quarter of 2020.
WAAS

Hot Stocks

16:23 EDT AquaVenture acquires interests of AUC Acquisitions for roughly $130M - AquaVenture Holdings Limited announced that it completed the acquisition of all of the issued and outstanding membership interests of AUC Acquisitions Holdings, LLC for an aggregate purchase price of approximately $130M, including approximately $128M cash and 121,956 AquaVenture ordinary shares, subject to adjustment as provided in the purchase agreement.
APTS

Hot Stocks

16:23 EDT Preferred Apartment raises quarterly dividend to 26c per share - The dividend is payable on January 15, 2019 to all common stockholders of record as of December 14, 2018.
KAMN

Hot Stocks

16:22 EDT Kaman reports non-cash impairment charge of $10.0M at Aerospace
KWR

Hot Stocks

16:22 EDT Quaker Chemical CEO sees ' some potential headwinds' in Q4 - CEO Barry continued, "Looking forward to the fourth quarter of the year, we do expect some potential headwinds such as a strong U.S. dollar and higher raw material costs. However, we also anticipate modest growth in our overall base markets similar to the third quarter and expect our volume growth will exceed this due to continued market share gains, which will help offset some of the fourth quarter headwinds we foresee. In addition, we are implementing additional price increases where necessary and expect our gross margins to be in the low to mid 36 percent range. Overall, we expect to continue our year-over-year non-GAAP earnings per diluted share and adjusted EBITDA growth in the fourth quarter. Concerning the Houghton combination, we are making progress with both the U.S. and European regulatory authorities and expect to receive approval and close sometime in December or January. Overall, I continue to be confident in our future given our modestly growing global end markets, our continued market share gains, U.S. Tax Reform and the benefits we will achieve through the upcoming combination with Houghton."
ALKS

Hot Stocks

16:22 EDT FDA panel votes 20-3 against effectiveness of Alkermes depression drug - An FDA advisory committee this afternoon voted 20 to 3 that Alkermes' ALKS 5461 didn't show substantial evidence of effectiveness as a proposed adjunctive treatment for major depression. Shares of Alkermes remain halted. The panel also voted 13 to 10 that Alkermes adequately characterized safety of the drug, according to CNBC's Meg Tirrell.
LNC

Hot Stocks

16:20 EDT Lincoln National announces 12% increase in dividend to 37c per share - The board of directors of Lincoln National Corporation approved raising the quarterly dividend on its common shares to 37c per share. The dividend represents a 12% increase over the prior-year level. The increased dividend on the common stock will be payable on February 1, 2019 to shareholders of record at the close of business on January 10, 2019.
ALKS

Hot Stocks

16:19 EDT FDA panels votes 20-3 against effectiveness of Alkermes depression drug - An FDA advisory committee this afternoon voted 20 to 3 that Alkermes' ALKS 5461 didn't show substantial evidence of effectiveness as a proposed adjunctive treatment for major depression. Shares of Alkermes remain halted.
CC

Hot Stocks

16:18 EDT Chemours sees FY18 adjusted EBITDA in lower half of $1.7B-$1.85B range - Cites reduced Ti-Pure titanium dioxide volume.
MET

Hot Stocks

16:15 EDT MetLife announces new $2B buyback - MetLife announced that its board of directors has approved a new $2 billion authorization for the company to repurchase its common stock. In May 2018, MetLife announced a $1.5 billion repurchase authorization and the company has bought back approximately $1 billion of its common stock under that board authorization.
ESL

Hot Stocks

16:14 EDT Esterline signs contract to supply materials to nuclear power station - Esterline Corporation announced that it has signed an agreement with customer BYLOR to supply the Hinkley Point C nuclear power station with several large stainless steel pond/pool liners, in-containment reactor water storage tanks, and other tanks, vessels and ancillary equipment used throughout the life of the power station. The contract is expected to exceed $116M for Esterline over six and a half years.
SLGL PRGO

Hot Stocks

16:13 EDT Sol-Gel announces additional collaborative agreement with Perrigo - Sol-Gel Technologies (SLGL) announced it has entered into a collaborative agreement with Perrigo Israel, an affiliate of Perrigo Company (PRGO), for the development, manufacturing and commercialization of a generic product candidate. Under the terms of the agreement, Perrigo will seek regulatory approval with the FDA for this generic product candidate. If approved by the FDA, Perrigo has agreed to commercialize the generic product candidate in the United States. Sol-Gel and Perrigo will share the development costs and the gross profits generated from the sales of the generic product candidate, if approved.
PCTY

Hot Stocks

16:12 EDT Paylocity reports Q1 EPS 18c, consensus 20c - Reports Q1 revenue $100.5M, consensus $98.47M.
HSGX

Hot Stocks

16:11 EDT Histogenics, FDA continue to discuss NeoCart Phase 3 data, regulatory pathway - Histogenics Corporation provided an update on the NeoCart regulatory pathway based on preliminary feedback from the Type C meeting held with the FDA on October 30. At the meeting, the top-line results from the NeoCart Phase 3 clinical trial and the potential for the submission of a Biologics License Application, or BLA, were discussed. Following the meeting, the FDA and Histogenics continue to discuss the clinical data generated to date, the potential need for any additional supplemental clinical data and potential alternative regulatory pathways for the BLA to be accepted. The FDA has not made a final decision regarding a potential BLA submission and based on expected feedback from the FDA, Histogenics intends to provide a further update on these negotiations by the end of November.
SBUX

Hot Stocks

16:10 EDT Starbucks up 8% in afterhours trading following earnings beat
SBUX

Hot Stocks

16:09 EDT Starbucks CEO says 'virtually every critical operating metric' improved in Q4 - "Starbucks record Q4 performance reflected meaningful improvement in virtually every critical operating metric compared to Q3. As we enter fiscal 2019, we are executing against a clear growth agenda, with a focus on our long-term growth markets of the U.S. and China. We are also excited about the long-term growth potential of our new Global Coffee Alliance with Nestle. I'm incredibly proud of our 350,000 Starbucks partners around the world and pleased with the continued progress in our growth agenda," said CEO Kevin Johnson.
SBUX

Hot Stocks

16:08 EDT Starbucks reports active Rewards membership in U.S. up 15% - Reports Starbucks Rewards loyalty program grew to 15.3M active members in the U.S., up 15% year-over-year.
GOOS

Hot Stocks

16:08 EDT Canada Goose buys Baffin for CAD32.5M - Canada Goose Holdings announced that it has acquired Baffin, a Canadian designer and manufacturer of performance outdoor and industrial footwear, for a purchase price of $32.5 million Canadian dollars subject to customary closing adjustments. The transaction is being funded with available cash on hand and the issuance of $1.5 million Canadian dollars of restricted subordinate voting shares to the seller.
ECHO

Hot Stocks

16:08 EDT Echo Global increases common stock repurchase authorization - Echo Global Logistics announced that its board amended its ongoing repurchase program, which provides for the repurchase of the company's outstanding common stock and 2.50% convertible senior notes due 2020, to add an additional $50M of capacity and extend the expiration date of the program from April 30, 2019 to October 31, 2020. As of November 1, 2018, and inclusive of this $50M increase, the company has approximately $70M of repurchase availability under its repurchase program.
LAND

Hot Stocks

16:07 EDT Gladstone Land acquires fig, pistachio orchard in California - Gladstone Land Corporation announced that it has acquired a 951-acre farm in Madera County, California, for $23.0M. The farm includes approximately 715 acres of fig trees and 224 acres of pistachio trees, all of which are in mature production. In connection with the acquisition, the company also entered into an 8-year, triple-net lease with The Specialty Crop Company, Inc., reported to be the largest grower of fresh and dried figs in the world.
RP

Hot Stocks

16:07 EDT RealPage authorizes $100M share buyback - RealPage announced that its Board of Directors has approved the repurchase of up to an aggregate of $100 million of its common stock, subject to compliance with applicable law and the limitations in the Company's credit facility. The Company's common stock is listed on The Nasdaq Global Market under the symbol "RP." The repurchase authorization is effective through October 25, 2019, unless extended or shortened by the Company's Board of Directors.
CBS

Hot Stocks

16:06 EDT CBS CEO says company 'continues to deliver for our shareholders' - "CBS continues to deliver for our shareholders and execute our long-term growth strategy," said Joe Ianniello, President and Acting Chief Executive Officer, CBS Corporation. "We turned in our best third quarter ever in revenue and EPS, and we remain on track to achieve our 2018 outlook, with revenue growth in the high-single digits and EPS growth in the high teens. At CBS and Showtime, our must-have programming is driving subscriber increases across all platforms, especially on our own direct-to-consumer streaming services, leading to a new record in total subscribers. We are also significantly expanding our suite of over-the-top services through the recent launch of ET Live and the pending launches of 10 All Access in Australia and CBSN New York, with more international and local outlets on the way. Meanwhile, we've just taken another key step in refilling our content pipeline with a new, strong primetime schedule on the CBS Television Network, where we have ownership in five of our six new shows. And at Showtime, we continue to enhance our year-round content slate by adding key programming in entertainment, documentaries, and sports, where we have become the clear industry leader in boxing. Up ahead, 2019 looks to be another outstanding year, with the Super Bowl and Final Four back on CBS, strong gains in retrans and reverse comp, and continued growth in our direct-to-consumer streaming services, which are on track to reach a combined eight million subs, a year ahead of our original projections. Overall, we are confident that our strategy of growing CBS' leadership position as a global multi-platform premium content company will lead to even greater creative and financial heights in the years to come."
CZR

Hot Stocks

16:05 EDT Caesars says offer from Golden Nugget rejected - Caesars said: "Recently, the company received a letter from Golden Nugget, LLC proposing that Caesars acquire substantially all of Golden Nugget's restaurant, hospitality, entertainment and gaming businesses in exchange for a significant minority of Caesars' common shares. The Board considered the proposal, in consultation with its legal and financial advisors, and determined that it is not consistent with the Company's plans to create and enhance shareholder value over the long term. The Board has informed Golden Nugget of its decision. Consistent with its fiduciary duties, the Board continues to be open to reasonable alternatives to enhance long-term shareholder value."
MDRX

Hot Stocks

16:05 EDT Allscripts down 2% after reporting Q3 earnings, giving FY18 guidance
ILMN PACB

Hot Stocks

16:04 EDT Illumina to acquire Pacific Biosciences for $8 per share - Illumina (ILMN) and Pacific Biosciences (PACB) announced they have signed an agreement for Illumina to acquire Pacific Biosciences at a price of $8.00 per Pacific Biosciences share in an all-cash transaction. This price represents a premium of 71% to Pacific Biosciences' 30 trading day volume weighted average share price as of the market close on October 31st, 2018, and a total enterprise value of approximately $1.2B on a fully diluted basis. The agreement has been approved by the board of directors of Illumina and Pacific Biosciences. The acquisition complements Illumina sequencing solutions with accurate long-read sequencing capabilities to answer a set of complex genomic questions. While Illumina's accurate and economic short-read sequencing platforms address the majority of sequencing applications optimally, select applications, such as de novo sequencing and sequencing of highly homologous regions of genomes, are better addressed with accurate long-reads. With its acquisition of Pacific Biosciences, Illumina will be positioned to provide integrated workflows and novel innovations that bring together the best of both technologies to help researchers advance their discoveries faster and clinicians offer new tests economically. The transaction is subject to approval by the shareholders of Pacific Biosciences, as well as other customary closing conditions, including applicable regulatory approvals. Illumina expects to close the transaction in mid-2019.
CZR

Hot Stocks

16:04 EDT Caesars CEO Mark Frissora to leave company - Caesars Entertainment announced that President and Chief Executive Officer Mark Frissora is leaving the company, having led a successful operational and financial transformation and established a platform for future growth. To support a seamless transition, Frissora will remain in his current role until February 8, 2019.
LPCN

Hot Stocks

16:02 EDT Lipocine completes enrollment in ambulatory blood pressure study for TLANDO - Lipocine announced the completion of enrollment in the ambulatory blood pressure clinical study for TLANDO, the company's oral testosterone product candidate for testosterone replacement therapy in adult males for conditions associated with a deficiency of endogenous testosterone, also known as hypogonadism. This study is being conducted to definitively characterize TLANDO's blood pressure increase effect, if any.
EXPI

Hot Stocks

16:01 EDT eXp World Holdings appoints Jeff Whiteside CFO - eXp World Holdings announced that Jeff Whiteside is joining the company in a dual role as CFO and Chief Collaboration Officer. eXp World Holdings is the holding company for eXp Realty. Jeff brings more than 30 years of finance and operations experience, including running divisions of General Electric and successfully integrating acquisitions at Pitney Bowes.
PACB

Hot Stocks

16:00 EDT Pacific Biosciences trading halted, news pending
BCS

Hot Stocks

15:32 EDT Barclays names Nigel Higgins to succeed John McFarlane as Chairman - Barclays announces that John McFarlane will retire as Chairman of Barclays in May 2019, and that Nigel Higgins has been appointed to succeed him, subject to regulatory approval by the Prudential Regulation Authority and the Financial Conduct Authority. McFarlane will step down as a Non-Executive Director and as Chairman of Barclays with effect from the conclusion of the Barclays AGM on May 2, 2019, at which point Higgins will assume the role of Chairman, having joined the Board as a Non-Executive Director on March 1, 2019. Higgins is currently Deputy Chairman of Rothschild & Co., having been Managing Partner and co-chairman of the Group's Executive Committee until September 1 of this year.
BCS

Hot Stocks

15:16 EDT Barclays names Nigel Higgins to succeed John McFarlane as Chairman
EV

Hot Stocks

14:57 EDT Eaton Vance authorizes repurchase of up to 8M shares - The board of Eaton Vance Corp. authorized the repurchase of up to 8.0M shares of the company's non-voting common stock. The authorization replaces the January 11, 2017 authorization under which the company repurchased approximately 6.9M shares.
CBRE

Hot Stocks

14:40 EDT CBRE Group announces launch of 'Hana' offering for flexible office space - CBRE Group yesterday announced the launch of Hana, a new service offering it said was "designed to help institutional property owners meet the rapidly growing demand for flexible office space solutions." Hana's core offering is called Hana Team, which provides private office suites that meet the needs of large corporate users of office space. Hana will design, build and operate the facilities and services, and will participate in the financial success of each Hana facility, CBRE Group stated. Hana will operate as a wholly-owned subsidiary of CBRE and, beginning in 2019, will be the third component of CBRE's Real Estate Investments business - along with investment management and development services. "Companies want the flexibility to adjust their occupancy to meet changing business needs and a better workplace experience to attract and retain top talent. Hana is perfectly suited to meet these needs. Reflecting this, we have already generated significant interest from building owners who are looking for a trusted partner to help deliver flexible space offerings, and have a robust deal pipeline," said Bob Sulentic, CBRE's president and CEO.
MDT...

Hot Stocks

14:33 EDT Tandem Diabetes rises after Medtronic FLAIR study said to be delayed - According to a post to ClinicalTrials.gov that was last updated on November 1, 2018, the Fuzzy Logic Automated Insulin Regulation, or FLAIR, study, which will investigate Medtronic's (MDT) 670G hybrid closed loop system and advanced hybrid closed loop system in adolescents and young adults with type 1 diabetes, is estimated to start on March 30, 2019. According to an email from Craig-Hallum analyst Alexander Nowak, the trial was previously expected to start on September 1, 2018. Nowak has previously stated his belief that Tandem Diabetes (TNDM) is leading in terms of having the best automation and most discreet pump with Basal IQ, Control IQ launching within the next year and a 75% smaller pump than market leader Medtronic in the final stages of development. In afternoon trading, Tandem Diabetes shares are up $3.07, or 8.2%, to $40.68, while shares of another challenger in the space, Insulet (PODD), are up $2.47, or 2.8%, to $90.68. Reference Link
TPC

Hot Stocks

14:01 EDT Tutor Perini awarded $42.7M Terminal 4 FIS contract - Tutor Perini announced that its subsidiary, Tutor Perini Building Corp., has been awarded a contract valued at approximately $42.7M by the Broward County Board of County Commissioners for the Terminal 4 Federal Inspection Services Facility Task 2B and 3 Expansion project at the Fort Lauderdale-Hollywood International Airport. The project consists of the renovation and expansion of existing areas of the FIS at Terminal 4, including construction of the FIS Phase 2B Bag Hall expansion, the Task 3 multi-phased demolition and renovation of the Automated Passport Control Hall, the Primary Hall and the Secondary Inspection Hall, FIS control rooms, staff offices, equipment rooms, storage, interview rooms, kennel facilities and restrooms. Tutor Perini Building Corp. has enjoyed a successful history of work on various other projects at FLL over the past 30 years, including the Terminal 4 Western Expansion, the original Terminal 4 FIS facility, a runway expansion and elevation, and various concourse, parking garage and rental car facility projects. Work is expected to begin in the fourth quarter of 2018 with substantial completion anticipated in late 2019. The contract value has been included in the Company's third quarter 2018 backlog.
PLM

Hot Stocks

13:20 EDT Polymet Mining trading resumes
ROK

Hot Stocks

13:08 EDT Rockwell Automation raises quarterly dividend 5% to 97c per share - The Board of Directors of Rockwell Automation, following its regular quarterly review, declared a quarterly dividend of 97c per share on its outstanding common stock, payable December 10, 2018 to shareowners of record at the close of business on November 12, 2018.
PLM

Hot Stocks

13:07 EDT PolyMet Mining reports receipt of permit to mine from State of Minnesota - Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet Mining Corp., reports it has received its Permit to Mine from the State of Minnesota, which it calls "a crucial permit for construction and operation of the NorthMet Project in northeastern Minnesota." The company stated: "PolyMet's Permit to Mine is the first non-ferrous mining permit to be issued in the State of Minnesota. The Department of Natural Resources also issued all other permits for which the company has applied including dam safety, water appropriations, takings, and public waters work permits, along with Wetlands Conservation Act approval. These permits were issued after the company demonstrated that its designs meet strict state environmental standards and at the conclusion of an extensive public input process." The Minnesota Pollution Control agency says it will make final air and water permit decisions before the end of the year; the federal Record of Decision and wetlands permit from the U.S. Army Corps of Engineers are expected to follow thereafter. Site preparation and rehabilitation of the former LTV Steel Mining Company processing facilities, which the company acquired in 2005-06, will occur through the winter and early spring as the company prepares to modernize those facilities to process ore for the NorthMet project. The bulk of work will start with the 2019 construction season and is expected to be approximately 24-30 months and require about two million construction hours.
INPX

Hot Stocks

12:57 EDT Inpixon announces reverse stock split for Nasdaq compliance - Inpixon announced that the Company's Board of Directors has approved a reverse stock split of the Company's common stock whereby every forty shares of its outstanding common stock will automatically be combined into one share of common stock. The reverse split was approved by the Company's shareholders on October 31, 2018 and will be effective as of the commencement of trading on November 2, 2018. The reverse stock split is being implemented for the purpose of complying with the closing bid price requirement in Nasdaq Listing Rule 5550(a)(2).
TVPT

Hot Stocks

12:50 EDT Travelport falls after reporting quarterly results, guidance - Shares of travel commerce platform Travelport (TVPT) are trading lower after the company reported mixed third quarter results. REVENUE MISS: The company delivered Q3 earnings per share of 31c, ahead of analyst estimates of 28c. The company missed on revenue, reporting $623M against analyst expectations of $633.53M. The revenue shortfall was partly attributable to a decrease in Air revenue of $13M, or 3%. The decrease in Travel Commerce Platform revenue in Asia Pacific of $5M, or 3%, includes the loss of revenue resulting from the loss of a large Pacific-based travel agency. GUIDES TO LOWER END OF RANGES: Travelport's guidance ranges for 2018 are unchanged from those ranges initially communicated on February 20, but the company did specify that management sees net revenue, adjusted EBITDA and free cash flow to be at the lower end of their respective ranges. CEO COMMENTARY: "Our business momentum is being tempered by some specific customer headwinds. We remain well positioned for longer-term profitable growth given our commercial wins and the ongoing investments we're making in the key areas that differentiate us, including our industry-leading travel content; our search, merchandising and shopping capabilities; and our leading mobile, data and payments solutions," said CEO Gordon Wilson. PRICE ACTION: Shares of Travelport are down over 8% to $13.74 in afternoon trading.
RTN

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12:35 EDT Raytheon awarded $191M Army contract - The U.S. Army awarded Raytheon Company a $191M contract for Ku-band radio frequency radars. KuRFS, an advanced electronically scanned array system, fills an immediate U.S. Army operational need for a counter-unmanned aerial vehicle radar.
IBKR

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12:34 EDT Interactive Brokers reports October DARTs up 41% y/y - Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for October. Brokerage highlights for the month included: 986,000 Daily Average Revenue Trades, 41% higher than prior year and 22% higher than prior month. Ending client equity of $133.9B, 11% higher than prior year and 6% lower than prior month. Ending client margin loan balances of $28.8B, 14% higher than prior year and 6% lower than prior month. Ending client credit balances of $50.9B, including $1.7B in insured bank deposit sweeps1, 7% higher than prior year and 0.2% higher than prior month. 585,000 client accounts, 26% higher than prior year and 2% higher than prior month. 383 annualized average cleared DARTs per client account. Average commission per cleared client order of $3.79 including exchange, clearing and regulatory fees.
ISCA

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12:16 EDT International Speedway to acquire assets of Racing Electronics - International Speedway Corporation announced that it has entered into an agreement to acquire the assets of Racing Electronics. Racing Electronics is a leader in motorsports communications technology and equipment for motorsports drivers, teams, series, venues, and fans, as well as the exclusive provider of FanVision technology to NASCAR and NHRA. Racing Electronics is also the Official Two-Way Radio and Race Communications Provider of 14 major sanctioning bodies including ARCA, IndyCar, NHRA, World Racing Group and USAC. Beginning January 1, 2019, ISC will assume operation of Racing Electronics. Leadership and nearly 70 full-time employees will remain intact with Racing Electronics President of Motorsports Chad Willis continuing in his role and reporting to Schwartz. Racing Electronics will maintain its manufacturing and business operations from its Concord, NC headquarters.
PLM

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12:04 EDT Polymet Mining trading halted, news pending
AJG

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12:02 EDT Arthur J. Gallagher acquires BEAM Insurance, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Hatboro, Pennsylvania-based The Walsh Agency, dba BEAM Insurance, Inc. Terms of the transaction were not disclosed. Founded in 1996, BEAM Insurance provides property/casualty insurance and risk management services to solid waste haulers and other commercial clients, primarily in Eastern Pennsylvania, New Jersey and New York. Leo Robert Begley and his associates will continue to operate from their current location under the direction of Dan Tropp, head of Gallagher's Mid-Atlantic region retail property/casualty brokerage operations.
NYT

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12:01 EDT NY Times rises on subscriber growth as JPMorgan sees momentum continuing - Shares of New York Times (NYT) have jumped after the company reported better than expected third quarter results and strong subscriber growth. Notably, the Times' 203,000 total net new digital-only subscriptions represents the highest gain in digital subscribers in a quarter since the "Trump bump" in the fourth quarter of 2016 and the first quarter of 2017 after the presidential election. Commenting on the announcement, JPMorgan analyst Alexia Quadrani told investors that she is "extremely encouraged" by the results and sees momentum continuing on digital subscriber additions. QUARTERLY RESULTS: New York Times reported third quarter adjusted earnings per share of 15c and revenue $417.35M, both above consensus of 11c and $408.54M, respectively. The number of digital subscribers showed a net increase of roughly 203,000, with 143,000 of those signing on for digital new products and the remainder paying for the company's cooking and crossword features. Operating profits rose 30% to $41.4M in the period. Mark Thompson, president and CEO, said, "This was a strong third quarter for the company. [...] We passed two significant milestones, and now have more than 3M digital-only subscriptions and more than 4M total subscriptions. We're executing on our subscription-first strategy; this quarter, subscription revenues accounted for nearly two-thirds of the company's revenues. We're investing aggressively in our journalism, product and marketing and are seeing tangible results in our digital growth. Turning to advertising, as expected, we are seeing a much stronger second half of the year. We had an exceptional third quarter with digital advertising up 17% and growth of 7% in total advertising." Responding to a question during its earnings conference call from JPMorgan's Quadrani regarding potential subscription drivers, including stories that may have caused a spike in adds, the company highlighted the "important role" played by the $1 per week promotion. NY Times also acknowledged that "there were some spikes" during the quarter related to specific stories, namely "the anonymous editorial, the story about family separation at the border and the one on the Trump family." MOMENTUM TO CONTINUE: In a post-earnings note, JPMorgan's Quadrani pointed out that NY Times reported third quarter earnings with revenue, adjusted operating profit, and EPS all ahead of consensus and her estimates. Most notably, the analyst noted that digital subscriber net adds in the quarter were 203,000 compared to her 130,000 estimate, with the core news product adding 143,000 and digital other adding 60,000. The 143,000 net adds for news compares to 68,000 in the second quarter, and is the best quarter for the company since the "Trump bump" driven first quarter of 2017, Quadrani contended. Overall, the analyst said she is "extremely encouraged" by these results and sees momentum continuing on digital subscriber additions helped by the current elevated news cycle and the midterm elections. Quadrani has an Outperform rating on the shares. 'FAILING' NEW YORK TIMES: Last month, Trump criticized a NY Times investigation into his and his family's use of "dubious tax schemes" over the years and the origins of his own wealth, calling the article an "old, boring and often told hit piece." In a tweet, the President said "The Failing New York Times did something I have never seen done before. They used the concept of "time value of money" in doing a very old, boring and often told hit piece on me. Added up, this means that 97% of their stories on me are bad. Never recovered from bad election call!" This is not the first time Trump called the publication the "failing New York Times." Denouncing what he referred to as a "gutless editorial" posted by the New York Times in September, in which an unnamed administration official alleged that advisers to the President were intentionally attempting to thwart his misguided impulses from the inside, Trump tweeted: "Does the so-called "Senior Administration Official" really exist, or is it just the Failing New York Times with another phony source? If the GUTLESS anonymous person does indeed exist, the Times must, for National Security purposes, turn him/her over to government at once!" PRICE ACTION: In late morning trading, shares of New York Times gained 7.5% to $28.39.
IO

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12:00 EDT ION Geophysical falls -15.5% - ION Geophysical is down -15.5%, or -$1.83 to $9.97.
ECA

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12:00 EDT Encana falls -16.0% - Encana is down -16.0%, or -$1.64 to $8.61.
CSV

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12:00 EDT Carriage Services falls -18.4% - Carriage Services is down -18.4%, or -$3.51 to $15.55.
IBP

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12:00 EDT Installed Building Products rises 19.6% - Installed Building Products is up 19.6%, or $5.98 to $36.44.
FND

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12:00 EDT Floor & Decor rises 24.4% - Floor & Decor is up 24.4%, or $6.24 to $31.82.
FIT

Hot Stocks

12:00 EDT Fitbit rises 26.3% - Fitbit is up 26.3%, or $1.24 to $5.97.
POAHY

Hot Stocks

11:34 EDT Porsche reports October U.S. sales up 2.2% to 4,817 vehicles - Porsche Cars North America announced October retail sales of 4,817 vehicles. This was 2.2% higher year-over-year. For the first 10 months of 2018, U.S. retail sales were up 3.2% compared to the same period last year, totaling 47,443 vehicles. Porsche approved certified pre-owned sales in the U.S. totaled 1,715 vehicles in October, up 3.5% year-over-year. The company said, "October sales were driven principally by three model lines. Deliveries of the iconic Porsche 911 increased 14.2 percent year-over-year. The Macan was up 9.9 percent and the Cayenne, with the new generation now in showrooms, rose 1.1 percent."
VLKAY

Hot Stocks

11:31 EDT Volkswagen reports October U.S. sales up 4.6% to 29,000 units - Volkswagen of America reported sales of 29,000 units in October, an increase of 4.6% over October 2017. Led by Atlas and Tiguan, SUVs made up 43% of VWoA's sales. The total of 12,419 SUVs sold last month marks a 38% increase over October 2017, when SUV sales made up just 33 percent of sales, the company noted.
RTN

Hot Stocks

11:24 EDT Romania to procure additional Patriot Air, missile defense systems - The Romanian government has signed an agreement with the U.S. Army and transferred funding to the US government for the purchase of three additional Raytheon Patriot Air and Missile Defense Systems from the U.S. Army. As was the case with the first system, which came under contract in May, the additional units were procured via the U.S. Department of Defense's foreign military sales process. The agreement between Romania and the U.S. Army sets the stage for the U.S. government to begin contract negotiations with Raytheon.
HEI HEI.A

Hot Stocks

11:04 EDT Heico unit acquires Specialty Silicon Products; terms not disclosed - HEICO Corporation announced that its Electronic Technologies Group acquired Specialty Silicone Products in an all cash transaction. HEICO stated that it expects the acquisition to be accretive to its earnings in the year following the purchase. Further financial terms and details were not disclosed.
AGIO CELG

Hot Stocks

11:00 EDT Agios sees submitting sNDA for TIBSOVO by end of January 2019 - Agios Pharmaceuticals reported business highlights along with its financial results for the third quarter, announced last night. In the update, the company stated: "On the heels of the third quarter U.S. approval of TIBSOVO, our first wholly owned precision medicine, we remain focused on executing on our remaining 2018 milestones and continuing to create value from our portfolio. Based on regulatory discussions, we are accelerating our frontline strategy in IDH1m AML with the planned submission of an sNDA expanding TIBSOVO's label to newly diagnosed AML patients not eligible for standard treatment and a shorter enrollment timeline for the Phase 3 AGILE trial. In addition, we continue to activate new sites globally for our pivotal PK deficiency program and accrue patients in the dose-escalation portion of the Phase 1 study in MTAP-deleted tumors. We believe these programs coupled with our robust preclinical pipeline, support our next phase of growth toward becoming a fully integrated, sustainable biopharmaceutical company." In cancer, the company expects to achieve the following near-term milestones: to submit a Marketing Authorization Application to the European Medicines Agency for TIBSOVO for the treatment of adult patients with R/R AML with an IDH1 mutation by year end 2018; Support, in conjunction with Celgene (CELG), the initiation of HOVON 150, an intergroup sponsored, global, registration-enabling Phase 3 trial combining ivosidenib or enasidenib with standard induction and consolidation chemotherapy followed by a maintenance therapy period in frontline AML patients with an IDH1 or IDH2 mutation, respectively, by year end 2018; and submit an sNDA to the FDA for TIBSOVO for the treatment of patients with newly diagnosed AML with an IDH1 mutation who are not eligible for standard therapy by the end of January 2019.
ANF

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10:51 EDT abercrombie kids announces partnership with Giuliana Rancic - abercrombie kids, a division of Abercrombie & Fitch, is excited to announce a partnership with television personality, entrepreneur and mother, Giuliana Rancic. Rancic and her son, Duke, have teamed up with the retailer to design exclusive items to be featured in the Everybody Collection, a gender-neutral line that first launched in January 2018. In addition to the collection, Giuliana will be supporting key moments in the brands marketing calendar, such as Black Friday and the upcoming holiday season. This includes her visiting stores and making special appearances. In addition to the collection, Giuliana will be supporting key moments in the brands marketing calendar, such as Black Friday and the upcoming holiday season. This includes her visiting stores and making special appearances.
NSANY

Hot Stocks

10:38 EDT Nissan reports October U.S. sales down 10.6% to 109,962 vehicles - Nissan Group announced total U.S. sales for October 2018 of 109,962 units, a decrease of 10.6% compared to the previous year.
KPTI

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10:20 EDT Karyopharm to present results of clinical studies investigating selinexor - Karyopharm Therapeutics announced that ten abstracts have been selected for presentation, including three oral presentations, at the upcoming American Society of Hematology 2018 Annual Meeting being held December 1-4, 2018 in San Diego. Four key abstracts to be presented at the meeting will feature clinical data for selinexor, the Company's first in class, oral SINE compound, from Karyopharm-sponsored trials. The presentations will include: top-line results from the Phase 2b SADAL study in patients with relapsed or refractory diffuse large B-cell lymphoma, additional data from the pivotal Phase 2b STORM study in patients with penta-refractory multiple myeloma, and updated data from the Darzalex and Pomalyst arms of the Phase 1b/2 STOMP study of selinexor in combination with backbone therapies for the treatment of patients with relapsed or refractory multiple myeloma. In addition to top-line data from the SADAL study, this year's ASH meeting will also feature updated data from the STORM study in an oral presentation. As part of this presentation, data from an independent database of patients with heavily pretreated myeloma will also be presented, further underscoring how poor the prognosis is for patients with penta-refractory multiple myeloma. In October 2018, the U.S. FDA accepted Karyopharm's New Drug Application for selinexor seeking accelerated approval as a new treatment for patients with penta-refractory multiple myeloma. The FDA has assigned a Priority Review and given an action date of April 6, 2019 under the Prescription Drug User-Fee Act. Other key abstracts at the meeting include data from two arms of the Phase 1b/2 STOMP study. There will be an oral presentation with updated data from the arm evaluating selinexor in combination with Darzalex and low-dose dexamethasone. In previously reported data, the once weekly SDd combination without a proteasome inhibitor or immunomodulatory drug demonstrated high response rates in the patient population as a doublet regimen. Finally, a poster presentation will highlight updated data from the arm evaluating selinexor in combination with Pomalyst and low-dose dexamethasone. In data reported previously from these arms, selinexor demonstrated evidence of synergistic anti-myeloma activity when combined with these standard approved therapies.
CNHI

Hot Stocks

10:15 EDT CNH Industrial, Farmers Edge announce multi-year strategic partnership - CNH Industrial and Farmers Edge announced a strategic digital agriculture partnership. Through its extensive dealer network, CNH Industrial will make Farmers Edge precision digital solutions available to its customers, propelling Farmers Edge to its goal of 150,000 connected devices over the next three years, including 100,000 pieces of farm equipment and 50,000 connected field sensors. Equivalently, the partnership paves the way for CNH Industrial dealers to leverage digital connectivity with their customers around the world.
HMC

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10:08 EDT Honda reports October U.S. sales down 4.1% to 122,182 units - Honda noted that electrified vehicles had best month on record, exceeding 6,000 retail sales for the second month in a row, and Honda Pilot sales climbed 31% for its best October sales.
JLL

Hot Stocks

10:05 EDT LaSalle to make majority acquisition of Latitude's debt fund business - LaSalle Investment Management announced it has entered into an agreement to make a majority acquisition of the $1.2B debt fund business of Latitude Management Real Estate Investors. The transaction is subject to customary closing conditions and is expected to be completed during the first quarter of 2019. Latitude is a U.S.-based commercial real estate lender providing short term, floating rate loans against middle-market commercial real estate assets owned by sponsors seeking targeted real estate solutions. Latitude's primary focus has been originating new bridge loans for value-add and transitional properties in sustainable growth markets throughout the United States. LMREI has managed a successful series of commingled debt funds, the most recent being Latitude Management Real Estate Capital IV with total equity raised of approximately $480M. Latitude's seasoned management team and vertically integrated platform has successfully closed over $3B in financings across all primary commercial real estate property types. The founders of Latitude and select members of the team have worked together for 18 years, including the last nine years as LMREI and nine years within a predecessor asset management firm. Upon closing, the Latitude debt business will join LaSalle's North America Private Equity platform, which comprises $21B of the company's total $60B in assets under management and is led by Americas CEO Jason Kern. Latitude President and CEO Glenn Sonnenberg and EVP Chip Sellers, along with Managing Directors Brett Mayer and Craig Oram, will continue to lead the debt fund business and LMREI's 20 employees will continue to operate under the same structure, systems and processes, to provide continuity for all of the firm's stakeholders. The senior management team of Latitude will retain a minority ownership position of LMREI and will be actively involved in the ongoing strategy, product development and growth planning process
CROX

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10:03 EDT Crocs announces partnership with multi-platinum recording artist Post Malone - Crocs announced a product collaboration with multi-platinum-recording artist Post Malone. The Post Malone x Crocs Dimitri Clog features a take on the iconic Classic Clog and includes six custom-designed Jibbitz charms. The limited-edition style will be available starting today for $59.99 at crocs.com.
APD

Hot Stocks

10:02 EDT Air Products says Lu'an coal gasification project in China fully onstream - Air Products announced its Lu'an coal gasification project, located in Changzhi City, Shanxi Province, China, has come fully onstream to supply syngas and other industrial gases to Shanxi Lu'an Coal-based Clean Energy Co., Ltd.'s syngas-to-liquids production. The successful startup of Air Products' first-of-its-kind project further reinforces its leadership and operational excellence as the premier gasification company in the world. The world-scale gasification project involves four large air separation units, four gasifiers and two syngas clean-up systems which have operated at full capacity to support one of China's landmark clean energy demonstration projects. The gasifiers, which represent the largest pulverized coal gasifiers adopting Shell's proven gasification technologies, have been delivering outstanding performance in feedstock input, gases output, carbon conversion rate and operational efficiency.
JBT

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10:00 EDT John Bean Technologies falls -15.7% - John Bean Technologies is down -15.7%, or -$16.37 to $87.60.
W

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10:00 EDT Wayfair falls -17.3% - Wayfair is down -17.3%, or -$19.12 to $91.17.
IO

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10:00 EDT ION Geophysical falls -20.4% - ION Geophysical is down -20.4%, or -$2.41 to $9.40.
FBM

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10:00 EDT Foundation Building Materials rises 19.4% - Foundation Building Materials is up 19.4%, or $1.85 to $11.38.
FIT

Hot Stocks

10:00 EDT Fitbit rises 22.1% - Fitbit is up 22.1%, or $1.05 to $5.78.
RFP

Hot Stocks

10:00 EDT Resolute Forest rises 22.0% - Resolute Forest is up 22.0%, or $2.48 to $13.75.
F

Hot Stocks

09:47 EDT Ford reports October U.S. sales down 3.9% to 192,616 units - Ford Motor reported October U.S. sales totaled 192,616 vehicles, representing a 3.9% decline. Ford said its overall average transaction prices reached "record levels" of $36,800 in October, up $1,400 from last year. "Ford F-Series surpassed 70,000 trucks sold for the eighth consecutive month in October, on sales of 70,438 pickups," the company noted. "Our strategy to prioritize our trucks, SUVs and vans is paying off with October running at record level transaction pricing. Our sales mix continues to heavily favor these products, which last month represented 81% of sales," stated Mark LaNeve, Ford vice president, U.S. Marketing, Sales and Service.
HK

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09:47 EDT Halcon Resources rises 13.0% - Halcon Resources is up 13.0%, or 43c to $3.75.
FND

Hot Stocks

09:47 EDT Floor & Decor rises 17.3% - Floor & Decor is up 17.3%, or $4.42 to $30.00.
FIT

Hot Stocks

09:47 EDT Fitbit rises 19.4% - Fitbit is up 19.4%, or 92c to $5.65.
F

Hot Stocks

09:45 EDT Ford reports October U.S. sales down 3.9% to 192,616 units
VNDA

Hot Stocks

09:41 EDT Vanda Pharmaceuticals receives FDA letter regarding corporate webpage - Vanda Pharmaceuticals announced that it received a letter from the U.S. Food and Drug Administration Office of Prescription Drug Promotion on October 22, 2018 regarding the content on a single page of its corporate website. Vanda modified the content of this webpage on October 23, 2018. Vanda intends to meet with the FDA to better understand the reasoning of the letter.
TM

Hot Stocks

09:38 EDT Toyota reports October U.S. sales up 1.4% to 191,102 units - Toyota Motor North America reported October sales of 191,102 units. With one more selling day in October 2018 compared to October 2017, sales were up 1.4% on a volume basis and down 2.5% on a daily selling rate basis. Toyota division posted October sales of 168,386 units, up 1.7% on a volume basis and down 2.2% on a DSR basis. Lexus posted October sales of 22,716 units, down 0.8% on a volume basis and down 4.6% on a DSR basis.
HMNY

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09:36 EDT MoviePass Films makes investment, strategic marketing pact to support film - MoviePass Films and Art of Sport, the newly-formed, sports-centric distribution entity behind Cannes Alum Gabe Polsky's upcoming feature-length documentary, In Search Of Greatness, have teamed up to bring MoviePass Films on board the project as an investor and strategic marketing partner ahead of the film's early-November theatrical release. In Search Of Greatness, directed by acclaimed documentarian Gabe Polsky, best known for his previous feature Red Army, which debuted in Cannes in 2014 and was distributed by Sony Pictures Classics, and his work on Nat Geo's Emmy-award-winning TV show Genius, is a provocative work of non-fiction which examines the importance of creativity in determining athletic ability and also analyzes the roles nature and nurture play in the development of young athletes. MoviePass Films via its sister services MoviePass and Moviefone will mount a robust marketing campaign to support the film's success while in theaters. In Search of Greatness will be made available to MoviePass subscribers as a "Bonus Movie," which will not count toward their monthly in-theater movie ticket allotment. MoviePass subscribers will also have a chance to attend the films' red-carpet premieres and receive other special perks throughout the duration of the partnership.
MA

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09:32 EDT MasterCard, Accion partner to transform underserved microbusinesses - Mastercard and global non-profit Accion announced a first-of-its-kind partnership to bring their worldwide networks and resources together to transform millions of underserved micro and small businesses around the world. Through insights, innovations and investments, the organizations will power microbusinesses to successfully operate in, and benefit from, the digital economy, leading to greater financial inclusion, economic growth and job creation. Micro-merchants, such as grocers and 'mom and pop' stores, operate largely in cash rather than safe and secure digitally-enabled transactions. And often, these businesses and the financial services providers that serve them are constrained by onerous, manual processes that are slow and expensive. Without automated tools to accurately record business interactions store owners struggle to build valuable credit history. This potentially leads to higher default rates, restricted lending, and presents obstacles for the individuals hoping to one day expand their businesses. By introducing digital technology, services and training, Mastercard and Accion will help high potential microbusinesses increase revenues and achieve greater financial security for the individuals and families who depend on them, catalyzing greater economic opportunities for the communities they serve.
ARGX

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09:28 EDT Argenx announces updated data for ARGX-110 at ASH - Argenx announced updated data from the ongoing Phase 1 dose-escalation part of its Phase 1/2 clinical trial of cusatuzumab, or ARGX-110, in acute myeloid leukemia, or AML, and high-risk myelodysplastic syndromes, or MDS. As of the data cut-off on July 16, a 92% overall response rate, or ORR, was observed, with 42% of patients achieving minimal residual disease, or MRD, negativity. The median response duration was 6.9 months as of the data cut-off date. Data from this ongoing AML trial are expected to be further updated, including ORR and duration of response, during a company workshop to be held around the American Society of Hematology, or ASH. In this trial, Argenx evaluated the safety, tolerability and efficacy of cusatuzumab in combination with azacytidine in an open-label, Phase 1/2 clinical trial in 12 newly diagnosed AML patients unfit for intensive chemotherapy. The data published today are from all 12 patients across four dose cohorts from the Phase 1/2 dose-escalation trial.
PXS

Hot Stocks

09:24 EDT Pyxis Tankers regains compliance with Nasdaq - Pyxis Tankers announced that it has regained compliance with the Nasdaq's continued listing requirements regarding the minimum closing bid price.
DSPG

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09:24 EDT DSP Group says tariffs are impacting Q4 guidance - Management said the company will learn more so they can be more prepared from a supply chain perspective. Management hopes the situation with Chinese tariffs will be resolved by the end of Q4.
OSTK

Hot Stocks

09:23 EDT Overstock.com subsidiary signs second MOU with government of Rwanda - Overstock.com announced that its blockchain-meets-property rights subsidiary, Medici Land Governance, has signed its second memorandum of understanding, or MOU, with an African nation to develop a blockchain-based platform to manage land governance and property rights. This latest MOU has been signed with the Rwanda Land Management and Use Authority, or RLMUA, and the Rwanda Information Society Authority, or RISA, to implement Medici Land Governance's technology to move Rwanda to a paperless, secure, corruption-proof, blockchain-based system of land governance. Medici Land Governance, or MLG, will help Rwanda's government incorporate blockchain and other technologies into its existing systems, developing a paperless system that relies on electronic signatures and digital lodging of surveys for the administrative processes that affect land rights and transfers. This system will facilitate increased direct interaction among government entities and private landowners, utilizing the decentralized and distributed blockchain to ensure secure transfer of assets and records. MLG will also help Rwandan officials refine existing land governance processes, including streamlining the links among the relevant courts, government registries, and public institutions. In addition, MLG will create interfaces with the country's tax authorities and the country's existing land administration information system to ensure smooth workflows and to reduce and eliminate delays in processing.
TRN

Hot Stocks

09:21 EDT Trinity Industries names Sara Teachout chief legal officer - Trinity Industries announced new executive appointments in light of completion of the spin-off of its infrastructure related businesses as Arcosa. Sarah Teachout has been named SVP and chief legal officer. In this role, Teachout will lead the company's legal, compliance and ethics, government relations, and environmental health and safety functions. Teachout most recently served as the VP and deputy general counsel. Theis Rice, former chief legal officer, will retain his SVP title and become chief compliance officer. Lance Davis has been named VP, finance and treasurer. Davis joined Trinity in 1989 and most recently served as Managing Director, TrinityRail Asset Management Company. David DelVecchio has been named VP and chief human resources officer. David previously served as VP of Total Rewards and joined Trinity in 2015. Virginia Gray has been named VP, corporate social responsibility and organizational development. Gray previously served as the VP of organizational development and joined Trinity in 2007. Jessica Greiner has been named VP, investor relations and communications. Greiner most recently served as the executive director of Corporate Strategic Planning. Doug Horvath has been named VP, Tax. Horvath joined Trinity in 2005 and has served as the senior director of Tax since 2010. Steve McDowell has been named VP and chief accounting officer. McDowell joined Trinity in 2013 as VP and chief audit executive and was named VP and chief compliance officer in 2017. Ian Mutswiri has been named VP and chief audit executive. Mutswiri joined Trinity in 2018, and he has over 21 years of experience in both external and internal auditing. Jared Richardson has been named VP and corporate secretary. Richardson previously served as VP and general counsel of TrinityRail and has been with Trinity since 2010.
PRPO

Hot Stocks

09:19 EDT Precipio announces agreement with PerkinElmer to provide liquid biopsy solutions - Precipio announced an agreement with PerkinElmer to jointly offer Precipio's ICE COLD-PCR, or ICP, mutation enrichment technology together with PerkinElmer's NextPrep-Mag cell-free DNA isolation kit, Janus G3 liquid handling workstation, and chemagic MSM I, chemagic 360, and chemagic prime platforms. The agreement involves collaborative commercial efforts that include joint development and implementation of promotional material, instructions for use, product-supported development of scientific white papers and posters, reciprocal sales & customer training and exhibits at trade shows and scientific conferences.
DLPN

Hot Stocks

09:18 EDT Dolphin Entertainment acquires Viewpoint Creative for $2M - Dolphin Entertainment acquired Viewpoint Creative, a full-service boutique creative branding and production agency and producer of promotional and brand-support videos for a variety of cable networks, media companies and consumer-product brands. Dolphin has agreed to pay an aggregate purchase price of $2M, before adjustments, comprising $750K in cash and $500K in shares of Dolphin common stock at closing, together with an additional $750K in cash payable in three equal payments of $250K on the six, twelve and eighteen-month anniversaries of closing. As part of Dolphin Entertainment, Viewpoint will continue to operate under its own name and be led by its existing management team.
DSPG

Hot Stocks

09:17 EDT DSP Group divesting Cordless segment could have been 'good idea in the past' - During the Q&A portion of the Q3 earnings conference call, management was asked if they would consider divesting the Cordless segment. Management said they are always looking for creative ideas to improve but divesting Cordless would have been a "very good idea in the past" but management expects Cordless will stop being a major factor that could swing results next year. "We're a growth company, today... Of course, we're very much open if there's any interest," management said. Comments provided during Q3 earnings conference call.
ACGL

Hot Stocks

09:11 EDT Arch Capital to acquire McNeil & Company, terms not disclosed - McNeil & Company announced that it has entered into an agreement under which Arch Capital Group will acquire McNeil & Company. The transaction is expected to close later this quarter. McNeil & Co. will retain its identity and remain headquartered in Cortland, NY as a standalone affiliate of Arch Insurance Group. Building on a successful 17-year partnership, this acquisition will provide mutual benefit to both parties. With over $11B in capital, Arch will provide McNeil with new opportunities to achieve scale and grow its business through additional products and resources, delivered through McNeil's existing platform and unique distribution system. McNeil will continue to operate as it has for the last 28 years, but with greater capital strength and a broader range of expertise to draw from.
FCEL

Hot Stocks

09:11 EDT FuelCell enters into power purchase agreement for 7.4 MW fuel cell project - FuelCell Energy announced the signing of long-term power purchase agreements with the local distribution utilities. The PPAs will cover a 7.4 megawatt fuel cell project in the city of Hartford that was one of the projects awarded in June 2018 by the Connecticut Department of Energy and Environmental Protection in a competitive solicitation. The fuel cell project will provide infrastructure investment in the city of Hartford, which is expected to drive local economic development and environmental improvement through state sales tax and the local property taxes generated, as well as create and maintain high-tech manufacturing and construction jobs in Connecticut. The PPA agreements have been forwarded to the Connecticut Public Utilities Regulatory Authority for final authorization.
DFRG

Hot Stocks

09:09 EDT Del Frisco's announces partnership with St. Jude Children's Research Hospital - Del Frisco's announces a new partnership with St. Jude Children's Research Hospital. The company will launch their first multi-year relationship with a national charity partner, committing to a fundraising goal of $5M over the next five years to support the hospital that is leading the way the world understands, treats and defeats childhood cancer and other life-threatening diseases.A partnership with St. Jude allows Del Frisco's Restaurant Group to extend the footprint of its core mission beyond restaurant walls. The multi-year relationship aimed at supporting efforts to end childhood cancer and other life-threatening diseases is a cause that is meaningful to both guests and team members.
ADBE

Hot Stocks

09:08 EDT Adobe forecasts $124B in U.S. online sales this holiday season - Adobe released its online shopping predictions for the 2018 holiday season powered by Adobe Sensei. Based on Adobe Analytics data, Adobe predicts that U.S. online sales will increase 14.8 percent, totaling $124.1 billion, while offline retail spending is expected to increase a modest 2.7 percent. Cyber Monday will set a new record as the largest- and fastest-growing online shopping day of the year with $7.7 billion in sales, a 17.6 percent increase year over year. Online sales between 7 p.m. and 10 p.m. Pacific Time on Cyber Monday are expected to drive more revenue than an average full day in 2018, with conversions hitting the highest rate of the year, 7.3 percent, during these golden hours of online retail. Thanksgiving Day sales are expected to increase by 16.5 percent, generating $3.3 billion. Nearly one out of five dollars this holiday season will be spent between Thanksgiving Day and Cyber Monday, generating $23.4 billion or 19 percent of total online sales. One extra calendar day between Cyber Monday and Christmas Day will give retailers a $284 million boost in sales. A record number of days will hit new revenue milestones, with 36 days surpassing $2 billion compared to just 22 days in 2017. Most anticipated gifts include 4K TVs, retro video games and consoles, as well as toys like Pomsies, Grumblies and Fortnite Monopoly. Retailers with online and physical footprints are expected to see 28 percent higher conversion online in comparison to retailers lacking a traditional storefront. Adobe Analytics data anticipates shoppers increasingly buying online and picking up items in-store during the holiday season. BOPIS has increased 119 percent since January 2018 across all retailers and over 250 percent for large retailers. A survey of over 1,000 U.S. consumers shows nearly half expect to browse in-store for a product they intend to buy online later, jumping to 58 percent among millennials.
FCAU

Hot Stocks

09:07 EDT Fiat Chrysler reports October U.S. sales up 16% to 177,391 vehicles - Fiat Chrysler reported U.S. sales of 177,391 vehicles in October, a 16% increase compared with sales in October 2017 of 153,373 vehicles. Retail sales in October totaled 141,200 vehicles. Fleet sales were 36,191 vehicles and accounted for 20% of total sales. Sales of Fiat declined 35% to 1,151 vehicles.
TGT

Hot Stocks

09:07 EDT Target reveals Black Friday deals - Target is celebrating the kickoff to the holiday shopping season with the reveal of its highly anticipated Black Friday ad, with select deals available today only. Additionally, team members at Target stores across the country can now use their handheld devices to offer guests speedy, convenient checkout service from anywhere in the store. Guests also can save all season long with the return of Target's popular Weekend Deals beginning Saturday, Nov. 10 through Saturday, Dec. 15, and on hundreds of deals everyday with Cartwheel, including daily deals on popular toys and brands kids love through November. Beginning today, guests will find the lowest prices of the season on select items in Target's Black Friday ad, which can be viewed at Target.com/Black Friday. For guests who want to get a jump-start on holiday shopping, Target is offering select Black Friday deals across toys, electronics, home and more, in stores and on Target.com today only. Deals are available in all stores until they close today, Nov. 1, and on Target.com until 11:59 p.m. PST. There are many ways for guests to take advantage of Target's Black Friday deals. For those who prefer to shop online, the Black Friday deals go live early in the morning of Thanksgiving on Target.com. For the millions of guests who love to make shopping part of their holiday tradition, stores will be open at 5 p.m. on Thanksgiving until 1 a.m. on Friday, Nov. 23, and open again on Friday morning at 7 a.m. For guests who want to score Black Friday deals but prefer to pick them up later, Order Pickup will be available for select items on Thanksgiving and Black Friday, and for the first time, Drive Up, a free, same-day service enabling guests to order in the Target app and have their items brought to their car, will be available on Black Friday. Guests who shop Black Friday deals at Target will get an added bonus: When they spend $50 in store or online or scan the wallet feature in the Target app in stores on Friday, Nov. 23, guests will receive a coupon for 20 percent off a future holiday shopping trip, redeemable from Nov. 27 through Dec. 8. Also, to help guests prepare for their Black Friday shopping, once again this year, Target will offer localized store maps in the Target app. These maps clearly identify where specific Black Friday deals are located within each Target store, allowing guests to effectively plan their shopping trip. Guests can access a map for their local Target store beginning Sunday, Nov. 18.
UMRX

Hot Stocks

09:07 EDT Unum Therapeutics to present preliminary results from Phase 1 studies at ASH - Unum Therapeutics announced that the company will present preliminary results from the ongoing Phase 1 ATTCK-20-03 study, testing ACTR707 in combination with rituximab in patients with relapsed/refractory CD20+ B cell lymphoma, and the ongoing Phase 1 ATTCK-17-01 study, testing ACTR087 in combination with SEA-BCMA in patients with relapsed/refractory multiple myeloma, at the upcoming American Society of Hematology meeting taking place December 1-4, 2018, in San Diego, CA. Data from the first dose level in the multicenter Phase 1 study, ATTCK-20-03, testing ACTR707 in combination with rituximab in patients with relapsed or refractory CD20+ B cell lymphoma, was presented in September 2018 at the Fourth Annual CRI-CIMT-EATI-AACR International Cancer Immunotherapy Conference. Three of the six patients treated at the first dose level in the study achieved a complete response, two of which remained ongoing at the time of the September 4, 2018 data cut off. No dose-limiting toxicities were observed in any of the four DLT-evaluable patients, and no serious or severe adverse events of cytokine release syndrome or neurotoxicity were observed in any patients. Updated data from this cohort, along with data on the subsequent dose cohort will be presented at the ASH meeting. In addition, first-in-human dosing of single agent SEA-BCMA, and of ACTR087 in combination with SEA-BCMA, in the ATTCK-17-01 multi-center Phase 1 dose-escalation study was well tolerated, with no dose-limiting toxicities in the first two single-subject cohorts. Following infusion, ACTR+ T cells were detectable in these patients and demonstrated expansion post infusion. These data have supported the continued dose escalation of ACTR087 in combination with SEA-BCMA. Updated data from the first three dose cohorts of the trial will be presented at the ASH meeting, with subsequent updates anticipated in 2019.
BX

Hot Stocks

09:06 EDT Blackstone's Apria Healthcare to distribute Medela's wound therapy - Blackstone announced that Apria Healthcare, a privately held company owned by a group of investment limited partnerships managed by affiliates of Blackstone, will begin distributing Medela's negative pressure wound therapy product line on a national basis. Under the terms of the agreement, Apria will expand its wound care portfolio to include the full line of Medela's negative pressure wound therapy products. Apria will offer the Medela products through its more than 300 local branch offices and its nearly 1,900 commercial payers and preferred provider arrangements.
FGP

Hot Stocks

09:06 EDT Ferrellgas Partners acquires Wylie LP Gas - Ferrellgas Partners announced the acquisition of Wylie LP Gas headquartered in Lubbock, Texas. The transaction is expected to be immediately accretive. Terms of the deal were not disclosed. Wylie delivers propane cylinders to retailers in northwest Texas and south-central New Mexico. This acquisition is further indication of the company's commitment to growing its core propane business. This purchase gives Ferrellgas the opportunity to better serve its tank-exchange customers throughout the region while improving operational efficiencies and lowering production expenses.
LOW

Hot Stocks

09:04 EDT Lowe's extends Black Friday shopping experience starting November 1 - Lowe's announced that customers won't have to wait until Black Friday to score seasonal savings. An incredible selection of competitive deals in multiple must-have categories are available online and in stores beginning November 1, with daily deals to be rolled out throughout the entire month of November. Daily deals on leading smart home technologies, kitchen essentials, home upgrades and more will be revealed throughout the month, in addition to even more savings on tools, appliances and decor. Customers can visit Lowes.com to shop all deals available now and find new savings rolling out throughout November.
AVNW

Hot Stocks

09:03 EDT Aviat Networks wins $10M in U.S. utility business - Aviat Networks received new orders in its 2Q19 worth approximately $10M from customers in the U.S. utility segment. Orders received were for Aviat's hybrid microwave radio solutions which ease the migration to IP/MPLS while preserving teleprotection and other critical utility traffic. In this fiscal year to date, Aviat has received orders worth approximately $19M in this segment. Highlights include $5M with a sustainable energy company deploying Aviat's Eclipse hybrid microwave platform, $3.5M with a west-coast water utility, and 25 other utility accounts.
NUE

Hot Stocks

09:03 EDT Nucor recommends shareholders reject mini-tender offer from TRC Capital - Nucor announced that it has received notice of an unsolicited mini-tender offer by TRC Capital for the purchase of up to 2M shares of Nucor common stock at a price of $53.75 per share, which is below the current market price. Nucor does not endorse TRC Capital's offer. Furthermore, Nucor 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 Nucor shares and is subject to many conditions. TRC Capital's offer price is approximately 4.2% below the closing share price of Nucor common stock ($56.13) on October 26, 2018, the last trading day prior to the date the offer commenced. The offer is for approximately 0.6% of Nucor's outstanding shares. TRC Capital's offer states that it may terminate or amend the offer if, among other things, the market price of Nucor's common stock declines or if TRC Capital fails to obtain financing necessary. Nucor is not associated with TRC Capital, its offer or the mini-tender offer documentation.
TEVA

Hot Stocks

09:00 EDT Teva says restructuring program on-track - Says there is significant spend base reduction of $1.8B since start of year. Says Austedo rapid growth continues and Copaxone maintained share in the U.S. Says North American generic revenues are stable compared to Q2. Says investments in Austedo and Ajovy are part of long-term plan to a stabilize and grow business. Says demand continues to grow steadily over the first four weeks of Ajovy launch. Says physicians and patients choosing the flexibility of quarterly and monthly dosing for Ajovy. Says 20% of patients use quarterly dosing.
GOL

Hot Stocks

08:57 EDT Gol Linhas raises 2018 EPS view to 5c-15c from 3c-10c - 2018 EPS view may not compare to consensus ($1.21). Backs 2018 revenue view R$11.5B, consensus is USD$803.19M. Backs 2018 average load factor view of 79%80%.
BIDU VOLVY

Hot Stocks

08:56 EDT Volvo, Baidu announce partnership to develop Level 4 autonomous cars for China - Baidu (BIDU) and Volvo (VOLVY) announced a strategic partnership to jointly develop Level 4 autonomous driving passenger cars for the Chinese market with the goal of mass production. Volvo is the first foreign car maker collaborating with Baidu on the development of L4 autonomous driving cars. The partnership with Baidu is Volvo's first in China to jointly develop autonomous vehicles. The aim of the strategic collaboration is to achieve mass production of the L4 autonomous cars over the next few years. The agreement marks a starting point for the two companies from which they will explore commercialization opportunities in China's autonomous driving passenger car market in the coming years. The companies seek to develop new standards for smart car safety and to drive a revolution in the automotive industry with an innovative approach. Under this collaboration, Baidu will empower Volvo with the capabilities of Apollo, Baidu's autonomous driving platform, while Volvo will provide access to its expertise and advanced technologies of the automotive industry.
ACHC...

Hot Stocks

08:56 EDT Fly Intel: Pre-market Movers - HIGHER: Acadia (ACHC), up 5% after NY Post reports KKR (KKR) is close to winning auction bidding for the company. UP AFTER EARNINGS: Teva (TEVA), up 6%... DowDuPont (DWDP), up 5%... Floor & Decor (FND), up 15%... NXP Semiconductors (NXPI), up 6%... Fitbit (FIT), up 12%. DOWN AFTER EARNINGS: Wayfair (W), down 17%... U.S. Concrete (USCR), down 7%... Tempur Sealy (TPX), down 10%... WPX Energy (WPX), down 2%.
CJ

Hot Stocks

08:53 EDT C&J Energy Services sees continued softness in completion-oriented businesses - Management said, "The market conditions we experienced in our completion-oriented businesses late in the third quarter have continued to soften, and we are not anticipating material improvement in customer demand that would result in higher activity levels and improved financial results in our Completion Services segment during the fourth quarter of 2018. In response to these challenges, we will continue to actively manage our cost structure and reduce capital spending to be more in line with our expected profitability. Based on recent customer indications, we believe customer demand for our completion-oriented businesses will improve in 2019. Even though we believe the fourth quarter of 2018 will be challenging, especially for our fracturing business, we are growing more confident that we will experience meaningful improvement in all of our core businesses in the first half of 2019."
CNDT

Hot Stocks

08:51 EDT Conduent's Transportation unit selected by Calgary for transportation upgrade - Conduent's business unit Conduent Transportation will upgrade Calgary Transit's operations. Under a new five-year contract, Conduent will make various improvements to the public transit systems in Calgary. Starting in 2019, the company will modernize more than 220 legacy ticket vending machines throughout the city to provide riders an enhanced experience using new touch screen displays and to support a roadmap for future payment options. Calgary Transit's existing software will also be upgraded to Conduent's ticketing system.
FCEL

Hot Stocks

08:49 EDT FuelCell enters into power purchase agreement for 14.8 MW fuel cell project - FuelCell Energy announced the signing of long-term power purchase agreements with the local distribution utilities. The PPAs will cover a 14.8 megawatt fuel cell project in the town of Derby that was one of the projects awarded in June 2018 by the Connecticut Department of Energy and Environmental Protection in a competitive solicitation. The PPA agreements have been forwarded to the Connecticut Public Utilities Regulatory Authority for final authorization.
STCN

Hot Stocks

08:47 EDT Steel Connect delays 10-K filing for 2018 - Steel Connect has not yet filed its Annual Report on Form 10-K for the year ended July 31 due to delays in finalizing its Accrued Pricing liability, which has remained unadjusted since the fiscal period ending July 31, 2015. This delay relates to a non-cash liability of $18.9M, which, if reversed, may cause a restatement of prior period earnings as an increase to other income. Questions regarding this matter, as well as certain other items, have delayed the completion of the audit of the company's consolidated financial statements for the fiscal period ended July 31. The company is continuing to work with its auditors to resolve these matters and finalize the audit.
STCN

Hot Stocks

08:46 EDT Steel Connect CEO James Henderson retiring, succeeded by Warren Lichtenstein - Steel Conect Executive Chairman Warren Lichtenstein will become Interim CEO of Steel Connect, replacing James Henderson, who will be leaving to pursue other business ventures. Effective today, John Whitenack, previously COO of ModusLink, has been appointed CEO of ModusLink Corporation, replacing Henderson.
BASI

Hot Stocks

08:44 EDT Bioanalytical Systems names John Sagartz as Chief Strategy Officer - Bioanalytical Systems announced the appointment of John E. Sagartz, DVM, PhD, DACVP, as the company's Chief Strategy Officer. Dr. Sagartz founded and led Seventh Wave Laboratories for over fifteen years prior to BASi's acquisition of its operations in July of this year.
NYT

Hot Stocks

08:40 EDT New York Times sees Q4 comparable ad revenues flat with last year - The company's fourth quarter of 2018 contains 13 weeks compared with 14 weeks in 2017. On a 13-week 2018 to 14-week 2017 basis, including the impact of the additional week in 2017: Total subscription revenues in the fourth quarter of 2018 are expected to decrease in the low to mid-single digits compared with the fourth quarter of 2017, with digital-only subscription revenue expected to increase in the high-single digits; Total advertising revenues in the fourth quarter of 2018 are expected to decrease in the mid-single digits compared with the fourth quarter of 2017, with digital advertising revenue expected to increase in the mid-single digits; Other revenues in the fourth quarter of 2018 are expected to increase approximately 40 percent compared with the fourth quarter of 2017; Operating costs and adjusted operating costs are expected to increase in the mid-single digits in the fourth quarter of 2018 compared with the fourth quarter of 2017 as a result of higher marketing costs and growth in commercial printing operations. On a comparable 13-week basis, excluding the impact of the additional week in 2017: Total subscription revenues in the fourth quarter of 2018 are expected to increase in the mid-single digits compared with the fourth quarter of 2017, with digital-only subscription revenue expected to increase in the mid-teens; Total advertising revenues in the fourth quarter of 2018 are expected to be approximately flat compared with the fourth quarter of 2017, with digital advertising revenue expected to increase in the mid-teens; Other revenues in the fourth quarter of 2018 are expected to increase approximately 40 percent compared with the fourth quarter of 2017.
CHFS DXR

Hot Stocks

08:37 EDT CHF Solutions enters collaboration with Daxor for potential synergies - CHF Solutions (CHFS) announced that it has entered into a collaboration agreement with Daxor (DXR) to explore potential synergies between the company's Aquadex FlexFlow System and Daxor's BVA-100 Blood Volume Analyzer. The company believes that the two technologies can be used together to assess a patient's fluid volume status and assist in informing on the clinical management of a fluid overloaded patient. The collaboration will initiate with a small clinical evaluation of the benefits of blood volume measurement and its potential to inform ultrafiltration therapy management with the company's Aquadex FlexFlow system. Published data has shown that 24% of fluid overloaded patients are readmitted to the hospital within 30 days and approximately 50% within six months. The companies intend to determine synergies of using the BVA-100 to assist in informing clinicians on fluid volume status including patient selection, when to start ultrafiltration therapy, and how to manage therapy to achieve positive clinical results for patients.
STRM

Hot Stocks

08:34 EDT Streamline Health signs contract with Citizens Medical Center in Texas - Streamline Health announced it signed a contract on October 26 with Citizens Medical Center in Victoria, Texas for Streamline Health's eValuator, its new cloud-based automated pre-bill coding analysis technology.
SRDX

Hot Stocks

08:34 EDT Surmodics appoints Teri Sides as CMO - Surmodics announced Teri Sides has joined Surmodics as SVP and chief marketing officer, effective November 1, 2018. Prior to joining Surmodics, Teri served as Founder and CEO of Projectory, a consulting firm that provides strategic marketing services to med tech clients, ranging from start-ups to global businesses. As CMO, Sides will be responsible for developing and driving strategic growth initiatives and will be a member of the senior leadership team reporting directly to Gary Maharaj, CEO.
MMP

Hot Stocks

08:33 EDT Magellan Midstream raises 2018 Distributable Cash Flow view by $20M to $1.12B
ADP INTU

Hot Stocks

08:32 EDT ADP, Intuit expand relationship - ADP (ADP) announced expanded integration with Intuit (INTU) QuickBooks adding enhanced General Ledger Interface mapping directly through Accountant Connectsm . This new interface, combined with enhanced Compensation Benchmarking, powered by ADP DataCloud, will enable accountants to provide a better service and add value to their clients. Through shared values and a commitment to creating industry-leading innovation, ADP and Intuit are better positioning accountants for the future; allowing them to provide a more comprehensive experience to their clients. Users will be able to access complete self-service GLI mapping for improved integration with Quickbooks. The new feature also enhances the interface with many other popular accounting software platforms, helping to improve the lives of accountants and their clients. By streamlining routine processes, the GLI technology helps increase efficiencies for accountants and their clients. Additional enhancements to general ledger integration are expected in early 2019.
HTBI

Hot Stocks

08:32 EDT HomeTrust announces first ever cash dividend of 6c per share - HomeTrust Bancshares announced today that its Board of Directors declared its first ever cash dividend of 6c per common share payable on December 6, 2018 to shareholders of record as of the close of business on November 21, 2018. "I am pleased to announce our first ever quarterly cash dividend," said Dana Stonestreet, Chairman, President and CEO. "Initiating a quarterly dividend is appropriate with our recent inflection in earnings and high capital ratio. The dividend reflects our continuing growth and profitability and our Board's commitment to build long-term value for our shareholders. As we continue our momentum towards high performance, total shareholder returns and prudent capital management remain a priority."
GILT

Hot Stocks

08:19 EDT Gilat Satellite to provide the ground network for China Satcom's ChinaSat-18 - Gilat Satellite's ground network will be provided for China Satcom's ChinaSat-18. The nationwide Ka-band coverage, now to be provided by CS-18 and ChinaSat-16, will be supported by Gilat's single platform supporting multiple applications all over China. China Satcom's CS-18 Ka-band will be launched in mid-2019.
DGX

Hot Stocks

08:19 EDT Quest Diagnostics, Clinical Genomics extend collaboration agreement - Clinical Genomics and Quest Diagnostics announced a 5-year extension to their U.S. supply agreement for the InSure ONEfecal immunochemical test. This agreement builds upon a long standing collaboration to provide InSure FIT and the new InSure ONE FIT for colorectal cancer screening programs.
SANW

Hot Stocks

08:18 EDT S&W Seed acquires certain assets and assigned contracts of Chromatin - S&W Seed announced that it has acquired certain assets and assigned contracts of Chromatin, a U.S.-based sorghum operator which entered into receivership earlier this year. The purchase price was $26.5M. CEO Wong concluded, "S&W has a defined plan in place to recognize significant sales and cost synergies that we believe will position the acquired operations to be a significant contributor of profits in fiscal 2020 and beyond."
STI

Hot Stocks

08:17 EDT SunTrust Chief Risk Officer Jerome Lienhard retiring, Ellen Koebler succeeds - SunTrust's Chief Risk Officer Jerome Lienhard will retire at the end of the year. Ellen Koebler will succeed Lienhard as CRO effective January 1, 2019, reporting to SunTrust Chairman and CEO Bill Rogers and assuming responsibility for the company's enterprise risk management. Koebler returned to SunTrust in 2017 for her current role after serving as chief risk officer for E*TRADE. She originally joined SunTrust in 2004 as director of corporate investment bank portfolio strategies.
WOR

Hot Stocks

08:16 EDT Worthington names Joseph Hayek as VP, CFO - Worthington Industries announced that Joseph Hayek has been named VP and CFO. Andy Rose, previously president and CFO will continue as company president. In 2017, Hayek was named general manager of the company's oil & gas equipment business.
UROV

Hot Stocks

08:16 EDT Urovant Sciences announces publication of vibegron Phase 2 data - Urovant Sciences announced the publication of positive results from the international Phase 2b study of vibegron, an investigational oral beta-3 adrenergic agonist being studied for adults with symptoms of overactive bladder, or OAB. The study, which demonstrated once-daily vibegron was well-tolerated and improved OAB symptoms, was published online by European Urology, a peer-reviewed medical journal and official journal of the European Association of Urology. The international, randomized double-blind, placebo-controlled Phase 2b study including an active comparator enrolled more than 1,300 patients with OAB symptoms including frequent urination, sudden urge to urinate, and urge incontinence. In the two-part trial, patients were first randomized to once-daily oral vibegron monotherapy; tolterodine extended release; or placebo for eight weeks. In part two, patients were randomized to monotherapy, combination therapy or placebo and received either vibegron; tolterodine; combination vibegron and tolterodine; or placebo for four weeks.
LTS

Hot Stocks

08:16 EDT Ladenburg's Highland subsidiary acquires assets of Four Seasons Financial Group - Ladenburg Thalmann Financial Services announced that its Highland Capital Brokerage subsidiary has acquired certain assets of Four Seasons Financial Group, an independent insurance and annuity distribution company located in Marlton, New Jersey. The acquisition further demonstrates Ladenburg's ability to leverage its nationwide scale and resources to reinforce its position in the increasingly vital insurance and annuity space. Founded in 1993 by James J. Sorebo, Four Seasons Financial Group is a national distributor of annuities, life insurance, hybrid long-term care insurance products and product design with a focus on the institutional market, and has developed its network by recruiting and training bank and broker/dealer registered representatives nationwide. The acquisition is expected to both expand and deepen the services and solutions Ladenburg's insurance and annuity platform offers, while expanding its presence in the institutional segment through FSFG's existing selling agreements with over 200 banks and independent broker-dealers, as well as with other firms representing more than 5,000 financial advisors. The Ladenburg insurance and annuity platform encompasses Highland, a national brokerage firm providing comprehensive support and product solutions to financial advisors and insurance professionals, as well as Ladenburg Thalmann Annuity Insurance Services, a national distributor of annuity solutions for independent financial advisors. Highland's acquisition of assets of FSFG builds on the acquisition by LTAIS in September this year of key assets of Kestler Financial Group, a leading independent distribution company focused on annuities, life insurance, long-term care insurance and disability insurance. Under the terms of the transaction, the FSFG team will operate from their current headquarters in Marlton, NJ, as part of Highland. James Sorebo will become part of the Highland management team, effective immediately.
MAGS

Hot Stocks

08:15 EDT Magal Security wins $7.6M in three orders from Asia-Pacific customers - Magal Security has been awarded three orders from customers in the Asia-Pacific region, amounting to approximately $7.6M. The first order is for advanced camera systems for vehicles. The second is to an existing customer for the delivery and integration of a turnkey solution for a correctional facility security. The third order is for the delivery of an integrated security solution for the headquarters of a traffic police force.
RMTI

Hot Stocks

08:14 EDT Rockwell Medical names Angus Smith as CFO - Rockwell Medical announced that Angus Smith has been appointed as CFO of the company, effective at the end of November 2018. Smith will be responsible for overseeing all financial operations and investor relations activities for the company. Smith will join Rockwell Medical from Pernix Therapeutics, a specialty pharmaceutical company focused on the acquisition, development and commercialization of prescription drugs, where he currently serves as Senior Vice President, Chief Business Officer and Principal Financial Officer.
SHLD AMZN

Hot Stocks

08:14 EDT Sears' Kenmore brand integrates Amazon Dash Replenishment service - Sears' (SHLD) Kenmore brand today announced a collaboration with Amazon (AMZN) Dash Replenishment, a service that enables customers to automatically reorder goods from Amazon for their Kenmore smart appliances at the right time. Now, all of Kenmore's smart refrigerators are integrated with Dash Replenishment so that customers may opt to have water and air filters reordered automatically on Amazon.com when they need replacing.
BX

Hot Stocks

08:13 EDT Blackstone makes investment in iCapital Network - iCapital Network announced that Blackstone has made an investment in the company's latest financing round.
CRAI

Hot Stocks

08:13 EDT CRA International raises quarterly cash dividend 18% to 20c per share - Charles River Associates announced that its Board of Directors has declared an increased quarterly cash dividend of 20c per share to be paid on December 21, 2018 to shareholders of record of CRA's common stock as of the close of business on November 27, 2018. The Company expects to continue paying quarterly dividends, the declaration, timing and amounts of which remain subject to the discretion of CRA's Board of Directors.
PSX REGI

Hot Stocks

08:12 EDT Phillips 66, Renewable Energy report plans for renewable diesel facility - Phillips 66 (PSX) and Renewable Energy Group, Inc. (REGI) announced that planning is underway for the construction of a large-scale renewable diesel plant on the U.S. West Coast. The plant would utilize REG's proprietary BioSynfining technology for the production of renewable diesel fuel. Planned feedstocks include a mix of waste fats, oils and greases, including regionally-sourced vegetable oils, animal fats and used cooking oil. The new facility would be constructed adjacent to the Phillips 66 Ferndale Refinery in Washington state. This announcement follows more than a year of collaboration between Phillips 66 and REG related to site selection and preliminary engineering. The companies expect to make a final investment decision in 2019. If approved, production at the new facility is currently premised to start in 2021.
SHLD

Hot Stocks

08:11 EDT Sears enters into licensing agreements for Kenmore and DieHard brands - Sears has signed several licensing agreements that will broaden the assortment and reach of its Kenmore and DieHard brands at U.S. retailers. DrinkPod will manufacture Kenmore water filtration appliances and Gibson Overseas will manufacture Kenmore housewares, all of which will be distributed at Sears and other retailers nationwide. Drinkpod will now manufacture and sell Kenmore branded home water filtration appliances and accessories to retailers in the United States and select countries. Gibson Overseas will manufacture Kenmore housewares, AJ Consulting will sell DieHard brand Level II residential electric vehicle chargers and, eventually, Level II commercial chargers and Level III EV superchargers. The agreement also enables the DieHard EV chargers to be sold throughout North America and in select countries in Europe. The first phase of this product rollout focuses on the sale of residential EV chargers. Terms of the deals were not disclosed.
NOVN

Hot Stocks

08:11 EDT Novan data from SB206 Phase 2 trial published in Journal of Drugs in Dermatology - Novan announced that data from the Company's Phase 2 clinical trial evaluating SB206, a topical nitric oxide-releasing product candidate for the treatment of external genital warts caused by human papillomavirus, have been published in the October 2018 issue of Journal of Drugs in Dermatology, a peer-reviewed journal in dermatology with high readership and exposure to approximately 14,500 dermatology healthcare professionals. Results from the Phase 2 clinical trial conducted in 108 patients with external genital and/or perianal warts were initially announced in November 2016 and presented during a Late-breaking Research forum at the 2017 Annual Meeting of the American Academy of Dermatology. As detailed in the manuscript, the percentage of patients who experienced complete clearance was higher for SB206 treatment groups than for vehicle groups, with the greatest difference seen between SB206 12% once-daily and vehicle once-daily. The most effective dose, SB206 12% once-daily, was well tolerated. None of these patients had recurrence during the trial period.
AAWW

Hot Stocks

08:09 EDT Atlas Air sees 'record' Q4 revenue, adjusted EBITDA, adjusted net income
KBH WHR

Hot Stocks

08:07 EDT KB Home continues exclusive strategic collaboration with Whirlpool - Whirlpool (WHR) announced the extension of its exclusive appliance collaboration with KB Home (KBH) for the next three years. This agreement builds on more than 25 years of collaboration between the companies. As a result, homes in all newly constructed KB Home communities will continue to be outfitted with Whirlpool and KitchenAid brand appliances.
D

Hot Stocks

08:06 EDT Dominion to sell 50% interest in Blue Racer Midstream to First Reserve - Dominion and First Reserve, a global private equity investment firm exclusively focused on energy, announced an agreement pursuant to which First Reserve will purchase Dominion Energy's 50% interest in Blue Racer Midstream, funded in part by equity from First Reserve Fund XIII and investment funds affiliated with First Reserve. The transaction is expected to close prior to year-end 2018. Blue Racer is a joint venture formed in December 2012 by Dominion and Caiman Energy II to own, operate, develop and acquire midstream assets in the Utica Shale and certain adjacent areas in the Marcellus Shale. Blue Racer provides natural gas gathering, compression, dehydrating, treating, processing, fractionation, and transportation services, forming an interconnected midstream business. Transaction terms were not disclosed.
WHR DIS

Hot Stocks

08:06 EDT Whirlpool announces new global collaboration with Disney - Whirlpool (WHR) and The Walt Disney Company (DIS) announced that Whirlpool brand will be the Official Kitchen and Laundry Appliance of Walt Disney World Resort in Lake Buena Vista, Florida and Disneyland Resort in Anaheim, California. With this new relationship, Whirlpool brand's innovative lines of kitchen and laundry products such as refrigerators, dishwashers, ovens, cooktops, microwave ovens, clothes washers and clothes dryers will now have a presence in select Disney Vacation Club Villas at Walt Disney World Resort and Disneyland Resort. One bedroom or larger accommodations at Disney Vacation Club properties include full kitchens as well as clothes washers and dryers that help members feel at home while they experience a Disney vacation. Whirlpool appliances will also be used to outfit the Culinary Stage for cooking demonstrations at Epcot International Food & Wine Festival at Walt Disney World Resort and Disney California Adventure Food & Wine Festival at Disneyland Resort. In addition, Whirlpool will align with Disney Digital Network to create exciting custom food and cooking based content throughout Disney's family of digital networks.
AEZS...

Hot Stocks

08:04 EDT Aeterna Zentaris: Novo Nordisk to acquire rights to Macrilen in the U.S., Canada - Aeterna Zentaris (AEZS) announces that it was advised yesterday that Strongbridge BioPharma Plc (SBBP) has signed an agreement with Novo Nordisk A/S (NVO) pursuant to which Novo Nordisk will acquire from Strongbridge Biopharma Plc its rights to Macrilen in the United States and Canada. Aeterna Zentaris has licensed the rights to Macrilen in the United States and Canada to Strongbridge Biopharma.
SNY

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07:58 EDT Sanofi expands Insulins VALyou Savings Program - Sanofi has expanded its access program for people living with diabetes to include all Sanofi insulins, helping patients get the insulin they need at a significantly reduced price. Sanofi's Insulins VALyou Savings Program debuted earlier this year, offering qualifying patients the opportunity to obtain two of Sanofi's insulins at a set price. Beginning today, the program will now include all Sanofi insulins. Since its April launch, over 6,500 people living with diabetes have enrolled and taken advantage of the benefits of the program. This program is available at U.S. pharmacies and offers all Sanofi insulins at one set price: $99 for a 10 mL vial or $149 for a box of pens. For some people, the program could offer a savings of up to $3,000 per year.
MBRX

Hot Stocks

07:55 EDT Moleculin Biotech announces WP1066 demonstrates drug bioavailabilty - Moleculin Biotech announced "positive progress" in the Phase 1 clinical trial of its immuno-stimulating STAT3 inhibitor, WP1066, with initial results showing bioavailability of the drug in patients. "Although this data is preliminary, it represents a significant milestone for the development of WP1066," commented Donald Picker, Moleculin's CSO. "In the first two cohorts of the Phase 1 study, we are already seeing measurable levels of the drug in the patient's plasma resulting from oral administration. Knowing we can deliver drug this way opens the door for further development and expanded clinical activity."
STAA

Hot Stocks

07:53 EDT STAAR Surgical reports first Visian Toric ICL implanted in U.S. - STAAR Surgical announced the first patient implants of the company's Visian Toric Implantable Collamer Lenses, or TICLs, in the U.S. by Brinton Vision in St. Louis, Missouri, and Parkhurst NuVision in San Antonio, Texas. A select group of leading surgeons around the country began implanting TICLs soon thereafter, including Dr. Paul Dougherty in Los Angeles and Dr. Scott Perkins in Phoenix. The TICL was approved in the U.S. by the FDA on September 13, 2018, and the first patient implants occurred on October 22, 2018. The Visian TICL has been approved and available for patients outside of the U.S. since 2002.
NSU

Hot Stocks

07:52 EDT Nevsun Resources announces second Chinese regulatory approval for Zijin offer - Nevsun Resources announced that it has been advised by Zijin Mining Group Co. that Zijin has received the second of three required regulatory approvals from the People's Republic of China for Zijin's proposed friendly takeover bid of Nevsun. The second PRC approval is from the Ministry of Commerce. With the previously announced NDRC and today's MOFCOM approvals in hand, Zijin will submit, as soon as practicable, an application to the State Administration of Foreign Exchange for the third and final PRC regulatory approval required as a condition of the Offer. As previously disclosed, Zijin's Offer for Nevsun is all cash consideration of C$6.00 per Nevsun share representing a premium of 57% over Nevsun's unaffected closing price of C$3.82 on May 7, 2018, the day Lundin Mining Corporation first publicly announced its intention to acquire Nevsun. In addition, the Zijin Offer is C$1.25 per Nevsun share, or 26%, more than the C$4.75 per share hostile take-over bid for Nevsun launched by Lundin on July 26, 2018. The transaction is also subject to approval under the Investment Canada Act and customary closing conditions. The Zijin Offer is not subject to any financing conditions. Nevsun will continue to work with Zijin to complete the transaction and will keep shareholders updated as conditions of the Offer are met.
AZRX

Hot Stocks

07:48 EDT AzurRx BioPharma receives sanction for MS1819-SD study from TDN - AzurRx BioPharma announced that the company's Phase 2 study protocol to investigate MS1819-SD in cystic fibrosis, or CF, patients with exocrine pancreatic insufficiency, or EPI, has received sanction from the Therapeutics Development Network, or TDN, a collaborative network of CF clinical trial specialists supported by the Cystic Fibrosis Foundation. The Phase 2 multi-center study is designed to investigate the safety, tolerability and efficacy of MS1819-SD in a head-to-head manner against the current standard of care. Planned enrollment is expected to include 30 CF patients with study completion anticipated in 2019.
INSY

Hot Stocks

07:48 EDT Insys Therapeutics reports PK results for intranasal Naloxone spray - Insys Therapeutics announced that a pharmacokinetic study of its proprietary intranasal naloxone spray formulations for the treatment of opioid overdose showed a distinctive PK profile compared to the current standards of intramuscular and intravenous administration of naloxone. Although naloxone can effectively reverse opioid overdose, its relatively short half-life compared with those of synthetic opioids frequently requires multiple doses to reverse respiratory arrest. The results from the study demonstrate that the mean unconjugated naloxone plasma concentrations after administration of the two test nasal formulations reached appreciably higher levels than those observed after the administration of the IM dose at all timepoints beginning at two minutes. The results of this study are consistent with the prior study conducted by Insys that compared the company's two proprietary nasal formulations with 0.4 mg of Naloxone Intramuscular. Upon receiving the results from the nonclinical juvenile toxicity study, the company plans to file the NDA at the end of 1Q19.
SIGA

Hot Stocks

07:46 EDT Siga Technologies sells Tpoxx PRV for $80M - Siga Technologies announced that it has entered into an agreement to sell its medical countermeasures priority review voucher, or PRV, for a lump sum payment of $80M. Siga was awarded the PRV in July upon approval by FDA of oral Tpoxx for the treatment of smallpox. The PRV was awarded by FDA under a provision that encourages development of medical countermeasures enacted as part of the 21st Century Cures Act.
JEC

Hot Stocks

07:46 EDT Jacobs Engineering, WSP awarded strategic development corridor studies for TfN - Jacobs Engineering Group and WSP have been awarded further strategic development corridor studies for Transport for the North which will help inform plans to deliver effective transport infrastructure investment. TfN is England's first sub-national transport body, formed to transform the transport system across the North of England. The Jacobs and WSP team has been appointed by TfN to develop an infrastructure improvement program for two key east-west and north-south transport corridors in the North of England - the Southern Pennines and Yorkshire to Scotland corridors. Each corridor represents an area where evidence suggests investment in transport infrastructure will enable transformational economic growth. TfN's proposals for improvements in the Strategic Development Corridors will consider the needs of people and business and align with local transport investment. This appointment follows previous work undertaken by Jacobs and WSP on other Strategic Development Corridor studies on behalf of TfN.
ENSG

Hot Stocks

07:44 EDT Ensign Group acquires Idaho skilled nursing facilities - The Ensign Group announced that it acquired the real estate and operations of two skilled nursing facilities in Idaho. The acquisition was effective November 1, 2018, and includes: Creekside Transitional Care and Rehabilitation, a 139-bed skilled nursing and 21-unit assisted living facility located in Meridian, Idaho; and Bennett Hills Rehabilitation and Care Center, a 44-bed skilled nursing facility located in Gooding, Idaho.
DVMT

Hot Stocks

07:44 EDT Carl Icahn sues Dell over plans to go public - Affiliates of Carl C. Icahn, which own 18.5 million shares, or 9.3%, of Dell Technologies Inc.'s Class V Common Stock, have commenced litigation against Dell Technologies Inc. The complaint was filed in the Court of Chancery of the State of Delaware on October 31, 2018. "Icahn affiliates forced to file complaint against Dell because even though Delaware stockholders have the right to review a company's books and records, Dell refused to provide much basic information relating to the proposed DVMT merger and solicitation. Dell completely refused to provide any information relating to the period from July 3, 2018 through the present. This period is critical to DVMT stockholders because the company and its advisors have been soliciting votes, and DVMT stockholders have a right to know whether, and to what extent, the Board is aware of, and even planned, some of the apparently coercive tactics being employed by the company and its advisors. The complaint demands that Dell permit Icahn to review and potentially share material information relating to the proposed DVMT Merger. DVMT stockholders deserve to know the full and objective truth! DVMT stockholders should not have to rely exclusively on a narrative provided by the company and its controlling stockholders. The proposed DVMT merger is a conflicted transaction that benefits the controlling stockholders, at the expense of the DVMT stockholders. It is imperative to understand on what grounds, if any, the independent directors concluded that the proposed DVMT Merger, a transaction that allows the controlling stockholders to capture a substantial majority of $11 billion, is in the best interests of the DVMT stockholders?.. We believe we have compelling arguments and we are optimistic that the Delaware courts will support our efforts. The proposed Class V merger is a controlling stockholder transaction, and as such, Delaware law requires that minority stockholders be protected. To assess whether minority stockholders have been adequately protected, it is imperative that we are permitted to review the company's relevant books and records. What is Dell hiding?"
ENSG

Hot Stocks

07:43 EDT Ensign Group acquires Texas senior housing communities - The Ensign Group announced that Bridgestone Living LLC, Ensign's assisted and independent living portfolio company, acquired the operations of four assisted living and memory care communities in Texas subject to a long-term lease. The acquisition was effective November 1, 2018.
ENSG

Hot Stocks

07:42 EDT Ensign Group acquires Kansas post-acute care campus - The Ensign Group announced that it acquired the real estate and operations of Rock Creek of Ottawa, a post-acute care retirement campus with 93 skilled nursing beds, 71 assisted living units and 24 independent living units located in Ottawa, Kansas. The acquisition was effective November 1, 2018.
W

Hot Stocks

07:41 EDT Wayfair sees long-term gross margin 25%-27%, adjusted EBITDA 8%-10% - In slides being presented on its Q3 earnings conference call, Wayfair provided long-term guidance, including gross margin of 25%-27% and adjusted EBITDA of 8%-10%. The company said strategic priorities include scaling logistics capabilities in warehousing, supply services, transportation and delivery; expanding the business in Canada, the U.K. and Germany; and further penetrating the TAM.
PWR...

Hot Stocks

07:39 EDT Quanta Services selected by PacifiCorp for Aeolus - Jim Bridger project - Quanta Services (PWR) announced that it was selected by PacifiCorp, a subsidiary of Berkshire Hathaway Energy (BRK.A), to provide engineering, procurement and construction solutions for the Aeolus - Jim Bridger Transmission Line Project. This new high-voltage electric transmission project consists of approximately 138 miles of single circuit 500-kilovolt transmission line that connects the new Aeolus substation near Medicine Bow, Wyoming, to the new Anticline substation located near Point of Rocks, Wyoming, and approximately five miles of single circuit 345 kV transmission line that connects the Anticline substation to a new line termination bay at the Jim Bridger Generating Station substation. Quanta will include the project in its fourth quarter 2018 remaining performance obligations and backlog and expects to begin engineering and procurement activities for the project by year-end, with construction starting in the spring of 2019. Quanta expects to complete the project in late 2020.
D

Hot Stocks

07:37 EDT Dominion increases cost estimates for Atlantic Coast Pipeline project - Dominion Energy provided cost and schedule updates on the Atlantic Coast Pipeline and Supply Header projects. The FERC stop work order and delays obtaining permits necessary for construction have impacted the cost and schedule for the project. As a result, project cost estimates have increased from a range of $6.0 to $6.5 billion to a range of $6.5 to $7.0 billion, excluding financing costs. Atlantic Coast Pipeline is pursuing a phased in-service approach with its customers, whereby we maintain a late 2019 in-service for key segments of the project to meet peak winter demand in critically constrained regions served by the project. ACP will be pursuing a mid-2020 in-service date for the remaining segments of the project. Abnormal weather and/or work delays (including delays due to judicial or regulatory action) may result in cost or schedule modifications in the future. The Supply Header project target in-service remains late 2019. "We have been constructing ACP in West Virginia and North Carolina and on October 19 we received the final Virginia permit required to petition FERC to be underway with full mainline construction in all three states," Farrell said. "Following approval from FERC of our Notice to Proceed filing, we will begin mainline construction in Virginia. We continue to achieve key milestones toward the successful completion of this critical energy infrastructure project and look forward to delivering safe, reliable, and affordable energy to our customers in time to meet peak demand for the 2019/20 winter season," said CEO Thomas Farrell.
AMZN

Hot Stocks

07:37 EDT ParcelPal Technology expands relationship with Amazon.com - ParcelPal Technology is pleased to announce that it has expanded their relationship and operations with Amazon.com by commencing operations in the state of Washington and will begin delivering for Amazon imminently. The initial delivery service will be offered in Everett, Washington with the plan for greater expansion into the USA. The Company has secured an operating location and is currently hiring and on-boarding key staff members for the launch. ParcelPal will operate under similar terms within the agreement in the United States as currently held in Vancouver, B.C
D

Hot Stocks

07:36 EDT Dominion agrees to divest interest in Blue Racer Midstream for up to $1.5B - Dominion Energy announced that it has executed a definitive agreement to divest its 50% interest in the Blue Racer Midstream joint venture to First Reserve and affiliated investment funds for total consideration of up to $1.5B, including $1.2B of cash consideration and up to $300M in earn-out payments that would be payable from 2019 through 2021 based on Blue Racer Midstream's performance. The transaction is expected to close by year-end 2018 and initial proceeds will be used to reduce parent-level debt. "Blue Racer Midstream is a high-quality business with an extremely capable management team. However, this investment has become non-core to Dominion Energy as we continue to focus on regulated energy infrastructure. We have consistently indicated that a sale of Blue Racer would be opportunistic based on a compelling valuation and transaction structure. We are very pleased with the attractive valuation achieved through the competitive sale process which represents a multiple range of approximately 14 times to 16 times estimated 2018 EBITDA based on bookends of potential payments to be received under the earn-out structure. In concluding the credit improvement initiatives announced in March, we have sourced funds to reduce our parent-level debt by around $8 billion including equity issuance, non-core asset sales, and the Cove Point debt financing. As a result, we will achieve our target parent company credit objectives two years earlier than originally planned," said CEO Thomas Farrell.
VEC

Hot Stocks

07:36 EDT Vectrus Systems wins $60M task order - Vectrus Systems Corporation, a wholly-owned subsidiary of Vectrus, was awarded a new $60M firm-fixed-price task order to provide base operations support services for the U.S. Navy at Naval Station Guantanamo Bay, Cuba. The task order, awarded under the Navy's Global Contingency Services Multiple Award Contract II, known as GCSMAC II, includes a base year and two six-month option periods. GCSMAC II provides short notice and temporary facility support services and incidental construction in support of natural disasters, military efforts, and humanitarian support for the Defense Department and other customers around the world.
AYR

Hot Stocks

07:34 EDT Aircastle raises quarterly dividend 7.1% to 30c per share - Payable on December 14, 2018 to shareholders of record on November 30, 2018.
AYR

Hot Stocks

07:33 EDT Aircastle raises share repurchase authorization to $100M - CEO Inglese concluded, "We are also pleased to announce that our Board approved an increase in Aircastle's share repurchase program to $100 million, from the $42 million that was remaining under the prior authorization. With our strong balance sheet, shareholder-friendly capital allocation policy, and the unique ability to source attractive, value-added transactions, we are positioned to increase value in the current market environment, and will continue to grow profitably and opportunistically well into the future."
SRNE

Hot Stocks

07:32 EDT Sorrento Therapeutics announces first patients does in Phase 1 CD38 study - Sorrento Therapeutics announced that the first patients were dosed in a Phase 1 study to evaluate the safety and efficacy of CD38 CAR-T therapy in relapsed or refractory multiple myeloma patients at two clinical sites. The CD38 CAR-T cells manufactured at both Sorrento cGMP facilities met all release specifications and were used in the study. This study is the first US-based clinical trial targeting CD38 using an autologous CAR-T cell therapy.
IRT

Hot Stocks

07:30 EDT Independence Realty Trust cuts Q4 same-store NOI view to 3.3%-4% from 5.5%-6.5%
APTX

Hot Stocks

07:29 EDT Aptinyx completes enrollment in Phase 2 NYX-2925 study - Aptinyx announced enrollment completion for the company's Phase 2 study of NYX-2925 for the treatment of painful diabetic peripheral neuropathy. NYX-2925 is a novel modulator of NMDA receptors and its development for painful DPN has been granted Fast Track designation by the U.S. Food and Drug Administration. The company expects to announce top-line data from the study early in the first quarter of 2019. The study is a randomized, double-blind, placebo-controlled study in which subjects receive oral, once-daily dosing of either placebo or NYX-2925 for four weeks. The primary endpoint of the study is the change in subjects' average daily pain scores on the Numerical Rating Scale between the baseline period and the fourth week of treatment. Multiple dose levels of NYX-2925 are under evaluation in the study. Secondary endpoints include the effect of NYX-2925 on pain characteristics, sleep interference, and psychological state, as well as further assessment of safety and tolerability. The company is conducting the study across 35 sites in the U.S. and has achieved the targeted enrollment of 300 subjects.
TGT

Hot Stocks

07:26 EDT Target, Shipt expand same-day delivery in Pennsylvania, Maryland - Shipt and Target announced delivery of more than 55,000 groceries, electronics, toys and other household essentials to select Maryland and Pennsylvania metros. The launch of these markets gives nearly 600,000 households in Maryland and Pennsylvania access to products delivered by Shipt in as soon as one hour.
NCNA

Hot Stocks

07:25 EDT NuCana reports first patients enrolled in Phase 1B NUC-3373 study - NuCana announced the first patients have been enrolled in the NuTide:302 Study. This study is evaluating NUC-3373 in combination with other agents typically administered with 5-fluorouracil in patients with advanced colorectal cancer. NUC-3373 is NuCana's ProTide transformation of the active anti-cancer metabolite of 5-FU. The NuTide:302 study was preceded by the first-in-human Phase I study of single-agent NUC-3373 in patients with advanced solid tumors. Initial results from NuTide:301 were presented in October 2018 at the European Society for Medical Oncology Congress in which NUC-3373 was observed to have had durable single-agent anti-cancer activity in patients who had exhausted all current standards of care. Furthermore, NuCana believes NUC-3373 demonstrated potential safety and dosing administration advantages as compared with 5-FU. In that study, three patients achieved durable Stable Disease with responses lasting more than nine months at the time of data cutoff. Both dosing regimens were observed to be well tolerated with no unexpected adverse events. Of particular note, no patients developed hand-foot syndrome, a common and debilitating side effect of fluoropyrimidine treatment. NuTide:302 is a two-part study of NUC-3373 administered every two weeks as an intravenous infusion. In part 1, NUC-3373 will be combined with leucovorin, with a plan to enroll 12 patients. In part 2, NUC-3373, with or without leucovorin, will be studied in separate combinations with oxaliplatin, oxaliplatin plus bevacizumab, oxaliplatin plus panitumumab and irinotecan, and irinotecan plus cetuximab, with six patients planned per cohort. The primary objective of the study is to identify a recommended dose of NUC-3373 in combination with standard agents used in treating advanced colorectal cancer. The study will also make a preliminary assessment of the anti-tumor activity of the combinations.
MDR PBR

Hot Stocks

07:25 EDT McDermott awarded large contract by Petrobras for NG pipeline project - McDermott (MDR) announced a large contract award by Petrobras (PBR) for a natural gas pipeline project in support of the client's Santos basin pre-salt field program. The contract covers the implementation of the ultra-shallow segment of the new Rota 3 gas export pipeline. The scope of work includes design and detailed engineering, procurement, construction and installation of six miles of a 24-inch rigid concrete coated pipeline from the already installed shallow water segment of this new pipeline system to the shore, including a horizontal directional drill, tie-in spools and pre-commissioning of the six mile pipeline. Overall project management and engineering will be performed by McDermott's team in Rio de Janeiro, with support from the Houston team. The lump sum contract award will be reflected in McDermott's fourth quarter 2018 backlog.
OMF

Hot Stocks

07:22 EDT OneMain Holdings still sees FY18 net receivables for C&I up 8%-10% - In slides being presented on its Q3 earnings conference call, OneMain backed its 2018 ending net receivables view for the C&I segment of up 8%-10%. Net charge-offs for C&I are still anticipated to be 6.5%-6.7%. The company sees FY18 operating expense up 5% and tangible leverage about 7.0x.
SEE

Hot Stocks

07:22 EDT Sealed Air expects restructuring to realize annualized savings of $40M in 2018 - "Net sales of $1.2B and Adjusted EBITDA of $219M increased 8% and 4% in constant dollars, respectively. Adjusted EBITDA fell short of our expectations due to currency headwinds and higher than expected raw material and freight costs. More specifically to Product Care, we experienced higher absorption costs due to lower global volume in our utility business, which accounts for 30% of the division's sales. We expect these challenges to continue into year-end, which is reflected in our full year 2018 outlook," said CEO Ted Doheny. "Given recent business and market dynamics, we accelerated actions under our existing restructuring program. As a result, we now expect annualized savings of $40M in 2018, $10M above prior expectations, and an additional $25M in annualized savings in 2019. Furthermore, we are identifying additional opportunities to redesign our operating model and improve our performance. We expect to announce a more detailed plan before year-end."
AMCX

Hot Stocks

07:20 EDT AMC Networks completes acquisition of RLJ Entertainment - AMC Networks announced that it completed the acquisition of RLJ Entertainment after RLJ Entertainment's stockholders approved the transaction at a special meeting on October 31, 2018. AMC Networks acquired all of the shares of common stock of RLJE not owned by Robert L. Johnson, AMC Networks or their respective affiliates for approximately $59 million in cash, or $6.25 per share of common stock. RLJ Entertainment is now a privately-owned subsidiary of AMC Networks, with Mr. Johnson and his affiliates owning a stake of 17%. AMC says Acorn TV and UMC combined exceeded 900K paying subscribers at the end of Q3 and are now approaching 1M.
G BAYRY

Hot Stocks

07:20 EDT Genpact signs multi-year agreement with Bayer - Genpact (G) announced it has signed a multi-year agreement with Bayer (BAYRY), under which Genpact's Pharmacovigilance Artificial Intelligence suite of capabilities will be applied to Bayer's existing pharmacovigilance database and IT systems.
LVS...

Hot Stocks

07:20 EDT Macau reports October casino revenue up 2.6% to 27.33B patacas - Macau's gaming bureau reported October gross revenue from games of fortune in the region rose 2.6% year-over-year to 27.33B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO).
ACB

Hot Stocks

07:18 EDT Aurora Cannabis receives lenders' consent for proposed acquisition of ICC - Aurora Cannabis said it has received, from its consortium of lenders led by Bank of Montreal, consent and approval as required under its credit agreement with the Lenders to the previously announced plan of arrangement between ICC and Aurora. Subject to the terms and conditions of the arrangement agreement dated September 8, 2018, Aurora will acquire all of the issued and outstanding common shares of ICC. Obtaining such consent and approval is one of the conditions to completing the Arrangement. ICC's board of directors has unanimously approved the Arrangement and recommends that ICC Shareholders vote FOR the Arrangement Resolution.
NVMI

Hot Stocks

07:17 EDT Nova Measuring announces $25M share repurchase program - Nova announced that its Board of Directors has approved a $25M share repurchase program, to commence following the expiration of the current quarterly black-out period. Share repurchases, if any, will be funded with available cash.
CNST

Hot Stocks

07:17 EDT Constellation Pharmaceuticals receives fast track designation for CPI-0610 - Constellation Pharmaceuticals announced that it has received Fast Track designation from the FDA for CPI-0610 in treatment of myelofibrosis based on preliminary results from the Company's Phase 2 study, MANIFEST. Constellation is developing CPI-0610 with the goal of providing a new treatment option for patients with MF who have experienced disease progression after treatment with Jakafi, the only approved therapy for MF. Enrollment is ongoing in the Phase 2 portion of the open-label Phase 1/2 MANIFEST clinical trial, which is exploring CPI-0610's potential both as a monotherapy and as a combination therapy with Jakafi. As previously reported, preliminary data demonstrated clinical activity, such as spleen volume reduction, symptom improvement, increase in hemoglobin levels, and conversion to transfusion independent status in a patient who was transfusion dependent. Constellation recently expanded the MANIFEST study to include a third cohort, designed to evaluate CPI-0610 as a first-line therapy in combination with ruxolitinib in JAK 1/2-inhibitor-naive MF patients.
KANG

Hot Stocks

07:16 EDT iKang Healthcare announces update on going private transaction - iKang Healthcare Group, made the following announcement regarding the proposed merger pursuant to the agreement and plan of merger dated as of March 26, 2018, as amended pursuant to Amendment No. 1 thereto dated as of May 29, 2018 and Amendment No. 2 thereto dated as of September 25, 2018 by and among the Company, IK Healthcare Investment Limited and IK Healthcare Merger Limited. As previously disclosed, under the Merger Agreement, either the Company or Parent have the right to terminate the Merger Agreement if the Merger has not been completed by October 31, 2018. Accordingly, as the Termination Date has passed and the Merger has not been completed, either the Company or Parent may terminate the Merger Agreement at any time going forward. Under Section 7.02(e) of the Merger Agreement, the obligations of Parent and Merger Sub to consummate the Merger and the other transactions contemplated by the Merger Agreement are subject to the condition that the holders of no more than 15% of the total issued and outstanding shares of the Company have validly served notices of objection under Section 238(2) of the Cayman Islands Companies Law to object to the Merger. As previously disclosed, such closing condition under Section 7.02(e) of the Merger Agreement is not satisfied, and thus, Parent and Merger Sub are not obligated to consummate the Merger or the other transactions contemplated by the Merger Agreement.The Company has continued to request that Parent and Merger Sub waive the closing condition under Section 7.02(e). However, Parent and Merger Sub have not agreed to waive the closing condition. The Special Committee of the Board of Directors is continuing to engage in discussions with Parent and Merger Sub, and the Board of Directors of the Company is evaluating the Company's alternatives. The Company cautions its shareholders and others considering trading its securities that there is no indication or assurance that Parent and Merger Sub will waive the closing condition and proceed to consummate the Merger.
NBRV

Hot Stocks

07:15 EDT Nabriva Therapeutics completes submission of NDA for intravenous Centepo - Nabriva Therapeutics announced it has submitted a New Drug Application to the U.S. FDA to seek marketing approval for its investigational intravenous antibiotic, CONTEPO to treat complicated urinary tract infections, including acute pyelonephritis. CONTEPO has been granted Qualified Infectious Disease Product and Fast Track designations by the FDA for the treatment of several serious infections, including cUTI, which enables Priority Review of the NDA, following acceptance.
IBP

Hot Stocks

07:14 EDT Installed Building Products expands stock repurchase program by $100M - IBP's Board of Directors has approved an expansion of our stock repurchase program, effective as of November 5, 2018, pursuant to which the Company may repurchase up to an additional $100M of its outstanding common stock. The program will remain in effect until February 28, 2020, unless extended by the Board of Directors. The Board previously approved a stock repurchase program, effective as of March 2, 2018, for up to $50M of the Company's outstanding common stock and there is currently $7.2M of remaining availability for additional repurchases.
TREE

Hot Stocks

07:14 EDT LendingTree raises FY18 outlook
ALKS

Hot Stocks

07:13 EDT Alkermes trading temporarily halted by Nasdaq - Alkermes announced that Nasdaq has temporarily halted trading of the company's ordinary shares. The joint meeting of the Psychopharmacologic Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee, appointed by the U.S. FDA, will meet today to review the company's New Drug Application for ALKS 5461. ALKS 5461 is a once-daily, oral investigational medicine with a novel mechanism of action for the adjunctive treatment of major depressive disorder in patients with an inadequate response to standard antidepressant therapies.
AZN

Hot Stocks

07:11 EDT AstraZeneca to present results from DECLARE-TIMI 58 trial of FARXIGA - AstraZeneca will present 20 abstracts including a late-breaking oral presentation on the full results from the Phase III cardiovascular outcomes trial DECLARE-TIMI 58, the broadest SGLT2 inhibitor CVOT conducted to date, as well as new research from the Company's Cardiovascular, Renal & Metabolism therapy area at the American Heart Association Scientific Sessions, November 10-12, 2018, in Chicago, Illinois, USA. New evidence will build on broad clinical research from AstraZeneca that aims to help redefine the management of CVMD diseases and address the need for a more proactive and holistic approach to patient care. Presentations will include findings from some of the largest trials in broad patient populations with FARXIGA in type 2 diabetes, BRILINTA in patients with a history of heart attack, and in hyperkalemia. Clinical trial results showing the safety and efficacy of FARXIGA vs. placebo on primary CV and secondary renal efficacy outcomes in adults with T2D who have multiple CV risk factors or established CV disease, will be presented in a late-breaking oral presentation. DECLARE-TIMI 58 evaluated the CV outcomes of FARXIGA vs. placebo over a period of up to five years, across 33 countries and in more than 17,000 adults with T2D with multiple CV risk factors or established CV disease. In September 2018, AstraZeneca announced that FARXIGA met its primary safety endpoint of non-inferiority for major adverse cardiovascular events and achieved a statistically-significant reduction in the composite endpoint of hospitalization for heart failure or CV death, one of the two primary efficacy endpoints. Additionally, fewer MACE events were observed with FARXIGA for the other primary efficacy endpoint, however, this did not reach statistical significance. Clinical trial results presented at AHA Scientific Sessions 2018 will include additional details on the primary CV safety and efficacy, as well as secondary renal efficacy outcomes from DECLARE-TIMI 58. FARXIGA is not indicated to reduce the risk of CV events, hHF or renal outcomes. Three new sub-analyses from the PEGASUS-TIMI 54 trial will also be presented. The trial compared BRILINTA plus aspirin vs. aspirin alone in 21,162 patients with prior heart attack. The sub-analyses evaluate: Whether clinical characteristics predicting bleeding and ischemic risk identify subgroups of patients who may derive benefit from long-term treatment with BRILINTA, with a lower risk of major bleeding. The effects of long-term use of BRILINTA in patients who have had a heart attack and who did not receive a coronary stent vs. those who did receive a coronary stent placement. The use of high-sensitivity cardiac troponin to identify patients who are at a higher-risk of major CV events.
SYRS

Hot Stocks

07:11 EDT Syros Pharmaceuticals existing cash sufficient to fund requirements into 2020 - Based on its current plans, Syros believes that its existing cash, cash equivalents and marketable securities will be sufficient to fund its planned operating expenses and capital expenditure requirements into 2020.
TPX

Hot Stocks

07:10 EDT Tempur Sealy cuts FY18 adjusted EBITDA view to $425M-$435M from $440M-$460M - Cites retailer credit issues, the under-performance of International operations, primarily in Europe, and incremental commodity headwinds primarily related to tariffs which are not yet offset by the pricing actions announced for January 2019.
W

Hot Stocks

07:09 EDT Wayfair reports 13.9M active customers, up 35% year-over-year - Reports number of active customers in Direct Retail business reached 13.9M as of September 30, 2018, an increase of 35.2% year over year. LTM net revenue per active customer was $443 as of September 30, 2018, an increase of 8.6% year over year. Orders per customer, measured as LTM orders divided by active customers, was 1.84 for the third quarter of 2018, compared to 1.75 for the third quarter of 2017.
DSPG

Hot Stocks

07:08 EDT DSP Group names Eric Stauffer as Chief Revenue Officer - DSP Group announced the appointment of Eric M. Stauffer as Chief Revenue Officer. Mr. Stauffer will be responsible for leading and expanding DSP Group's worldwide sales programs and growth strategy. Mr. Stauffer will report to Ofer Elyakim, CEO. Previously, he served as Vice President of Sales & FAEs at Cavium.
LOAN

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07:06 EDT Manhattan Bridge Capital announces buy back of up to 100,000 of shares - Manhattan Bridge Capital announced that its Board of Directors has authorized a common stock repurchase plan allowing the buyback of up to 100,000 common shares in market or off-market transactions at prevailing prices over the next twelve months.
PAH

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07:03 EDT Platform Specialty Products backs 2018 adjusted EBITDA view $425M-$445M
UCTT

Hot Stocks

06:59 EDT Ultra Clean announces new organizational structure - Ultra Clean announced a new organizational structure. The new structure comes on the heels of the acquisition of Quantum Global Technologies supporting UCT's worldwide growth strategy. As of October 30, UCT will operate under two businesses: Semiconductor Products and Solutions, or SPS, and Semiconductor Services Business, or SSB. The SPS business will continue to focus on growing UCT's core business, ranging from design for manufacturability through to integration and test, for semiconductor equipment customers. The SSB business will aim to grow the cleaning, coating and refurbishment and micro-contamination analytical lab services business to the semiconductor industry more broadly. Joe Williams, formerly senior VP of customer business management for UCT, has been appointed executive VP and president of the Semiconductor Products and Solutions Business reporting to the CEO. Williams started his career as an engineer and transitioned into various management roles gaining deep expertise in operations, engineering, corporate business development and M&A. Scott Nicholas, former CEO and chairman of Quantum Global Technologies, has been appointed executive VP and president of the Semiconductor Services Business and will also be reporting to the CEO. Nicholas began his professional career nearly 40 years ago as a chemical process engineer.
ALKS

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06:55 EDT Alkermes trading halted, news pending
GWPH

Hot Stocks

06:54 EDT GW Pharmaceuticals says EPIDIOLEX now available in U.S. - GW Pharmaceuticals announced that EPIDIOLEX oral solution CV is now available in the U.S. for the treatment of seizures associated with Lennox-Gastaut syndrome or Dravet syndrome in patients two years of age or older. EPIDIOLEX, which was approved by the U.S. FDA on June 25, 2018, is the first prescription pharmaceutical formulation of highly purified, plant-derived cannabidiol, a cannabinoid lacking the high associated with marijuana, and the first in a new category of anti-epileptic drugs.
RS

Hot Stocks

06:52 EDT Reliance Steel: James Hoffman to succeed Gregg Mollins as CEO in Jan, 2019 - Reliance Steel announced that its Board of Directors has unanimously appointed James Hoffman as President and CEO, effective January 1, 2019. Hoffman currently serves as Reliance's Executive Vice President and COO, and will succeed Gregg Mollins as President and CEO. Mollins will remain on Reliance's Board of Directors and will continue in his role as CEO through the end of 2018, after which he will serve as Senior Advisor to the CEO until his retirement in December 2019. Jim Hoffman joined Reliance's executive management team in 2008 as Senior Vice President, Operations. Prior to Reliance's acquisition of Earle M. Jorgensen Company in 2006, Hoffman held executive management positions at EMJ, including Vice President from 1996 to 2006 and Executive Vice President and Chief Operating Officer from 2006 to 2008. In 2015, Hoffman was appointed Reliance's Executive Vice President, Operations, a position he held until his promotion to Executive Vice President and Chief Operating Officer in 2016.
LCI BAYRY

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06:51 EDT Lannett enters into distribution agreement for Vardenafil Hydrochloride Tablets - Lannett (LCI) announced that it has entered into an agreement with Rivopharm SA to be the exclusive U.S. distributor of Vardenafil Hydrochloride Tablets, 2.5 mg, 5 mg, 10 mg and 20 mg, which is the AB-rated generic equivalent to Levitra of Bayer Healthcare Pharmaceuticals (BAYRY). Vardenafil Hydrochloride Tablets are indicated for the treatment of erectile dysfunction. Under the agreement, Lannett will primarily provide sales, marketing and distribution support for the product, for which it will receive a percentage of net profits. Other financial terms were not disclosed.
NBL

Hot Stocks

06:48 EDT Noble Energy sees Q4 sales volumes 337-349 MBoe/d. - Total company oil volumes are expected to be higher sequentially primarily as a result of DJ Basin growth and West Africa performance and liftings. Fourth quarter U.S. onshore volumes are expected to be essentially flat from the third quarter with growth mainly from the DJ Basin offsetting declines in the Eagle Ford. Fourth quarter DJ Basin volumes also reflect 4 MBoe/d of divested volumes from the second closing of the Greeley Crescent sale, which occurred in September 2018. Israel sales volumes are anticipated to be slightly lower than the third quarter due to seasonal gas demand. West Africa sales volumes are expected to be higher with a greater contribution of condensate due to Alen liftings, which is also impacting fourth quarter cost metrics.
NBL

Hot Stocks

06:46 EDT Noble Energy sees Q4 CapEx $625M-$700M - The Company is maintaining its full year total company sales volume guidance and capital expectations.
SPOT TME

Hot Stocks

06:43 EDT Spotify says Tencent Music investment valued at $6.52 per share - Spotify (SPOT) said in this morning's earnings release, "As previously disclosed, we own shares of Tencent Music Entertainment Group (TME) which are classified on our balance sheet as a long term investment. During Q3, TME filed a Registration Statement publicly with the SEC, which contained objective evidence that required a mark to market adjustment of the fair value of our TME investment. The revaluation resulted in the recognition of a portion of the value of our net operating loss carryforwards for tax purposes, which resulted in Net Income for the first time in our operating history. While TME has filed to go public in the US, their listing has not yet occurred. The value of our investment is held at a price per share of $6.52, which is the most recently estimated fair value of ordinary shares disclosed in TME's publicly filed Registration Statement. Any deviation from this price at quarter end would trigger additional fair market value adjustments."
SPOT

Hot Stocks

06:40 EDT Spotify jumps 2%, or $3.31, to $153.00 following Q3 results
TRMB

Hot Stocks

06:40 EDT Trimble enters collaboration with HCSS - Trimble and HCSS will collaborate to tightly couple estimating and bidding workflows to field operations, driving increased jobsite productivity, improved quality and expanded visibility into today's construction environment. This collaboration will include strategic product integrations to Trimble's existing construction software portfolio. In addition, the companies plan to develop solutions that will enhance joint and future customers' current workflow and real-time visibility by connecting the bidding and estimating process through to developments in the field. Trimble and HCSS are also exploring how best to bring HCSS's leading software applications in construction to key markets globally. The collaboration is planned to leverage HCSS's top-tier software and support infrastructure with Trimble's global market knowledge and distribution capabilities. The companies expect to begin working together in early 2019 with Trimble representing the primary sales, marketing and distribution channel for HCSS HeavyBid, HCSS HeavyJob and HCSS Safety outside of North America. This collaboration will expand HCSS's ability to serve a global market and allow for tighter integrations into Trimble's continuum-focused software portfolio for the construction market.
INGR

Hot Stocks

06:39 EDT Ingredion intends to enter accelerated share repurchase agreement of 4M shares
ECA

Hot Stocks

06:33 EDT Encana reports Q3 total production was 378,200 BOE/d, up 33% year-over-year - Reports Q3 liquids production 178,700 bbls/d, up 40% year-over-year and 15% from the previous quarter; liquids made up 47% of total Q3 production and 46% year-to-date. Permian production was up 54% year-over-year to 98,500 BOE/d; current production over 100,000 BOE/d.
RDS.A RDS.B

Hot Stocks

06:30 EDT Royal Dutch Shell still intends to purchase $25B of shares by end of 2020 - Royal Dutch Shell CEO Ben van Beurden commented: "Good operational delivery across all Shell businesses produced one of our strongest-ever quarters, with cash flow from operations of $14.7 billion, excluding working capital movements. Our strong financial performance allowed us to cover the cash dividend, interest payments, share buybacks and to further pay down debt. Our strategy remains on track. We have completed the first tranche of share buybacks, in line with our intention to purchase $25 billion of our shares by the end of 2020, and today I'm pleased to announce the second tranche. Meanwhile, the transformation of our portfolio continued, with further divestments of nonstrategic assets and the final investment decision on LNG Canada."
CS

Hot Stocks

06:23 EDT Credit Suisse backs 10%-11% group RoTE target for 2019 - Credit Suisse says: "Looking ahead to 2019, we anticipate further profit improvement from measures that are directly within our control, including the run-off of the Strategic Resolution Unit and lower funding and restructuring charges, which is expected to lift our Return on Tangible Equity to 10-11% for 2019." The bank continued: "The outlook for global economic growth in the final quarter of 2018 remains positive, despite continued geopolitical tensions surrounding global trade and the potential impact of monetary policy changes by central banks. Sentiment turned more negative during the third quarter and we expect this to continue in the fourth quarter. Our level of dialogue with clients remains strong, however, with a healthy pipeline of transactions expected to be completed in the final quarter, dependent on end markets remaining constructive. We expect our Wealth Management-related businesses - across Swiss Universal Bank, International Wealth Management and Asia Pacific WM&C - to continue to benefit from broad-based, client-led growth in the final quarter of the year. In these more challenging markets, we believe our integrated approach, providing a full range of wealth management and investment banking solutions for clients, and our focus on more stable, annuity-like revenue streams leaves us well positioned to support our clients and help them not only navigate the current climate but also capitalise on opportunities that arise. As a result of the progress made to date through our restructuring programme, we believe we are on track to achieve our 2018 target of cumulative net cost savings of more than CHF 4.2 billion and benefit from the operating leverage we have created in 2019 and beyond."
FANH

Hot Stocks

06:21 EDT Fanhua provides update on share buyback program - Fanhua announces that it has repurchased 1,004,680 American Depositary Shares in the period from August 28, 2018 to October 31, 2018. These repurchases were made as part of a share buyback program previously announced to repurchase up to 6.5M ADSs by December 31, 2018. The ADSs were repurchased at an average price of $25.8582 per ADS for a total amount of approximately $26M.
MD

Hot Stocks

06:19 EDT Mednax acquires private radiology physician group in Chattanooga, TN - Mednax announced the acquisition of Associates in Diagnostic Radiology, P.C., a private radiology physician group based in Chattanooga, TN. The practice will integrate with Radiology Alliance, P.C., a Mednax-affiliated physician practice located in Nashville. Upon completion of the transaction, Mednax's affiliated radiologists will read more than 11.7 million studies annually. This was a cash transaction and it is expected to be immediately accretive to earnings. No additional terms of the transaction were disclosed. With this acquisition, eight physician group practices have become part of Mednax in 2018.
USCR

Hot Stocks

06:15 EDT U.S. Concrete reports Q3 concrete volume growth up 5.8% - Aggregate products volume increased 113.8% to 3.2M tons, an all-time quarterly high. Q3 adjusted Free Cash Flow increased $29.1M to $45.5M. Q3 adjusted EBITDA $53.6M vs. $54.7M last year.
ECA NFX

Hot Stocks

06:14 EDT Encana intends to raise dividend 25% post Newfield Exploration close
EEX

Hot Stocks

06:12 EDT Emerald Expositions Events CEO David Loechner resigns - Emerald Expositions Events announced that, with the agreement of the Company's Board of Directors, David Loechner has resigned his position as President and CEO and as a member of the Board, effective as of the close of business on November 8, 2018. With the assistance of an executive search firm, the Board has commenced the search for a permanent successor to Loechner. Philip Evans, CFO, has been appointed by the Board of Directors as Interim President and CEO, effective as of the close of business on November 8, 2018 and until a permanent replacement is named. Loechner will stay on with the Company as an employee through December 31, 2018 and will work closely with Evans and the leadership team to ensure a smooth transition.
MGM

Hot Stocks

06:11 EDT New York Jets sign multiyear gaming deal with MGM Resorts - The Jets have joined with MGM Resorts International in a partnership making MGM Resorts the official gaming partner of the New York Jets. "The multi-year agreement marks the most comprehensive and integrated gaming partnership in the National Football League to date, promoting the global entertainment company's best in class casino resorts as well as Play MGM's online gaming platforms and mobile apps to millions of fans." The deal provides Jets fans access to a mobile play-along predictive game "I Called It presented by Play MGM." In addition to its designation as the official gaming partner of the Jets, MGM Resorts will sponsor and receive access to the Jets 360 Production Studio at Atlantic Health Jets Training Center. As part of the agreement, MGM Resorts will also provide a wide range of hospitality for Jets season ticket holders and Jets Rewards members, including premium entertainment experiences and luxury hotel rooms at its Borgata property in Atlantic City, and other MGM Resorts properties in the United States.
EPAM

Hot Stocks

06:11 EDT Epam Systems acquires TH_NK - Epam System announced its acquisition of TH_NK, headquartered in London, with additional offices in Newcastle and Liverpool. In addition to strengthening Epam's digital and organizational consulting capabilities in the UK and Western European markets, this acquisition will also enhance the company's global product and design offerings. TH_NK, founded in 2004, will become a part of Epam's consulting and digital engagement practices. TH_NK works with customers through its collaboration approach, helping them strategize for the future and develop in-house capabilities that enable organizational change and growth.
DWDP

Hot Stocks

06:11 EDT DowDuPont CFO says 'Global demand for our products remains strong' - "Global demand for our products remains strong, supported by solid fundamentals, including business investment, manufacturing output, job growth and wage increases," said Howard Ungerleider, chief financial officer of DowDuPont. "Going forward, we remain well positioned to continue to drive top-line gains from above-GDP demand growth for our products and new product launches, while further delivering productivity and cost synergy savings."
DWDP

Hot Stocks

06:10 EDT DowDuPont raises cost synergies target to $3.6B - "Our teams generated strong gains in volume, price and operating EBITDA by continuing to execute our growth strategy, capture cost synergies and drive productivity improvements," said Ed Breen, chief executive officer of DowDuPont. "Organic sales rose 10 percent, equally driven by volume and local price as customer demand remained strong. We delivered our year-over-year cost synergies and we are again raising our target, now to $3.6 billion. We are also reaffirming our full year 2018 EPS guidance provided in August with our second quarter earnings announcement. Each division is performing well, and we remain on track to complete the intended separations, beginning with Materials Science on April 1, followed by Agriculture and Specialty Products on June 1."
BLL

Hot Stocks

06:08 EDT Ball Corp. backs 2019 goals of $2B of comparable EBITDA - "The company is well positioned for long-term growth as capital spending deployed over the last 18 months begins to add to segment earnings in 2019 and beyond. With net debt to comparable EBITDA ratios in the range of 3.0 to 3.5 times and absent any additional growth capital expenditures or bolt-on M&A, every available dollar of free cash flow will be returned to shareholders. In 2018, we expect to return in excess of $800 million to shareholders and in 2019 and beyond, we expect the return of value to shareholders will be approximately $1 billion annually," said Scott C. Morrison, senior vice president and chief financial officer. "While we have faced headwinds related to currency and U.S. freight costs, we continue to orient our investments to EVA-accretive pursuits to leverage the sustainability advantages of metal packaging. The team remains intensely focused on keeping pace with aerospace's growth, generating significant free cash flow, and leveraging the economic and environmental characteristics of aluminum packaging to grow our diluted earnings per share 10 to 15 percent over time," CEO John Hayes said.
ECA NFX

Hot Stocks

06:08 EDT Encana to expand share buyback program to $1.5B post Newfield Exploration close
ECA NFX

Hot Stocks

06:05 EDT Encana to buy Newfield Exploration in all stock deal valued at about $5.5B - Encana (ECA) and Newfield Exploration (NFX) announced that they have entered into a definitive agreement whereby Encana will acquire all of the outstanding shares of common stock of Newfield in an all-stock transaction valued at approximately $5.5B. In addition, Encana will assume $2.2B of Newfield net debt. The strategic combination will create a leading multi-basin company and has been unanimously approved by the Boards of Directors of both companies. Subject to receipt of regulatory and shareholder approvals by both companies, the transaction is expected to close in the first quarter of 2019. The transaction has been unanimously approved by the Board of Directors of both Encana and Newfield. Newfield's Board of Directors has recommended that its shareholders vote their shares in favor of the merger and Encana's Board of Directors has also recommended that its shareholders vote to approve the issuance of Encana common shares under the transaction. Under the terms of the merger agreement, Newfield shareholders will receive 2.6719 Encana common shares for each share of Newfield common stock. Upon completion of the transaction, Encana shareholders will own approximately 63.5 percent of the combined company and Newfield shareholders will own approximately 36.5 percent. Two directors from the Newfield Board of Directors will join the Encana Board upon closing. The transaction is subject to the terms and conditions set forth in the merger agreement, including holders of two-thirds of Newfield's shares of common stock having voted in favor of the merger, holders of a majority of votes cast by Encana shareholders having voted in favor of the issuance by Encana of its common shares, the waiting period under the U.S. Hart-Scott-Rodino Act having expired or been early terminated, the Toronto Stock Exchange and the New York Stock Exchange each having approved the listing of the Encana common shares to be issued in the transaction and other customary conditions.
IT

Hot Stocks

06:05 EDT Gartner sees FY18 operating cash flow $437M-$467M - Sees FY18 free cash flow $440M-460M.
ECA NFX

Hot Stocks

06:03 EDT Encana to buy Newfield Exploration in all stock deal valued at about $5.5B
ESLT

Hot Stocks

06:03 EDT Elbit Systems awarded $68M framework contract for UAS services - Elbit Systems announced that it was awarded a framework contract to provide maritime unmanned aircraft system, or UAS, patrol services to be provided by the European Maritime Safety Agency, or EMSA, to countries in the European Union. The contract that will be executed in cooperation with CEiiA is for a two-year base period and two single year option periods. If fully ordered, the total contract value is approximately $68M. Under the contract and in cooperation with CEiiA, an engineering company in Portugal, Elbit Systems will lease and operate its Hermes 900 Maritime Patrol and its Ground Control Station.
DWDP

Hot Stocks

06:01 EDT DowDuPont announces $3B stock buyback program
VRTX

Hot Stocks

05:57 EDT Vertex receives EU authorization for CF medicine Symkevi - Vertex Pharmaceuticals announced that the European Commission has granted Marketing Authorization for Symkevi in a combination regimen with ivacaftor for the treatment of people with cystic fibrosis, or CF, aged 12 and older who either have two copies of the F508del mutation in the cystic fibrosis transmembrane conductance regulator, or CFTR, gene, or one copy of the F508del mutation and a copy of one of the following 14 mutations in which the CFTR protein shows residual activity. In addition, the European Medicines Agency's Committee for Orphan Medicinal Products recently recommended the maintenance of orphan designation for tezacaftor/ivacaftor in combination with ivacaftor.
TM

Hot Stocks

05:55 EDT Toyota recalls about 17,000 2004-2006 Scion xA vehicles in the U.S. - Toyota is conducting a safety recall involving certain 2004 -2006 Scion xA vehicles in the United States. Approximately 17,000 vehicles are involved in this recall. The airbag system in the subject vehicles could experience electrical shorting that could damage the circuits in the system. This could cause the airbag warning lights to illuminate and the airbag(s) and seatbelt pretensioner(s) to become deactivated; or it could cause those systems to inadvertently deploy. These conditions can increase the risk of injury or crash.
GFI

Hot Stocks

05:54 EDT Gold Fields receives strike notice at South Deep mine from NUM - Gold Fields received a notice by the National Union of Mineworkers, or NUM, of its intention to embark on a protected strike at its South Deep operation in South Africa to protest retrenchments at the mine. Under South African labour law, the union is required to give 48 hours' notice of its intention to strike. The strike is set to commence tomorrow afternoon. About 80% of the mine's workforce are members of the union and, should the strike proceed, it is expected to impact adversely on production during its duration. Safety of employees is paramount and, if deemed necessary, South Deep would also consider cessation of production for a limited period of time. As part of a wide-ranging restructuring announcement to stem South Deep's significant cash losses and consolidate current operations, Gold Fields commenced a Section 189 process with the mine's two registered trade unions, the NUM and UASA, on 14 August 2018. Under the auspices of the Commission for Conciliation, Mediation and Arbitration, mine management has engaged the branch leadership of the two unions since then about various matters related to the section 189 process. Consultations have been extensive with various options explored to improve the sustainability of the mine and limit job losses. This included an offer of voluntary severance packages, which was taken up by 177 employees. Despite these efforts South Deep still has to reduce its workforce by approximately 1,100 staff members and retrenchment letters were sent to these employees on 31 October 2018. In addition, the mine will reduce the number of contractors by approximately 420 people. The selection criteria used to determine which employees would be affected were part of the Section 189 consultations and included length of service, performance and competency criteria and attendance records. Prior to the commencement of the Section 189 process South Deep employed 3,614 full-time employees and 2,214 contractors.
RDS.A RDS.B

Hot Stocks

05:53 EDT Royal Dutch Shell announces second tranche of share buyback program - Royal Dutch Shell announces the commencement of trading in the second tranche of its share buyback program previously announced on July 26, 2018. The company's intention is to buy back at least $25 billion of its shares by the end of 2020, subject to further progress with debt reduction and oil price conditions. On October 19, 2018 the company completed the first tranche of its share buyback program. In aggregate between July 26, 2018 and October 19, 2018, the company repurchased 60,844,806 A ordinary shares for an aggregate consideration of $2 billion.
ABX GOLD

Hot Stocks

05:52 EDT Barrick Gold, Randgold receive clearance from South African Competition Tribunal - Barrick Gold (ABX) and Randgold Resources (GOLD) are pleased to announce that they have received unconditional clearance from the South African Competition Tribunal for their proposed share-for-share merger. The Merger remains subject to the satisfaction or (where applicable) waiver of the outstanding Conditions set out in Part A of Part 3 of the scheme document dated October 4, 2018, relating to the Merger. The key remaining Conditions to completing the Merger on the expected effective date of January 1, 2019, are: obtaining approval of the shareholders of both companies; and the sanction of the Scheme by the Royal Court of Jersey which is being sought at a hearing scheduled for December 17, 2018.
SFL

Hot Stocks

05:49 EDT Ship Finance appoints Aksel Olesen as CFO - Ship Finance announces that Aksel Olesen has been appointed CFO, effective January 1, 2019. Olesen succeeds Harald Gurvin, the company's current CFO, who will leave the company to take on the position as CFO of Flex LNG Management. He will join Ship Finance from Pareto Securities, where he is currently Head of Shipping and Offshore Project Finance.
RHHBY ABBV

Hot Stocks

05:37 EDT Roche announces EC approval of Venclyxto - Roche (RHHBY) announced that the European Commission has approved Venclyxto in combination with MabThera for the treatment of adult patients with chronic lymphocytic leukaemia who have received at least one prior therapy. Venclyxto is being developed by AbbVie (ABBV) and Roche. It is jointly commercialisedby AbbVie and Genentech, a member of the Roche Group, in the United States, under the brand name Venclexta, and commercialised by AbbVie outside of the United States.
SNY DNLI

Hot Stocks

05:33 EDT Sanofi enters collaboration with Denali Therapeutics - Sanofi (SNY) plans to collaborate with Denali Therapeutics (DNLI) on the development of multiple molecules with the potential to treat a range of neurological and systemic inflammatory diseases. Under the terms of the agreement, Sanofi will make an upfront cash payment to Denali of $125 million, with future development and commercial milestone payments that could exceed $1 billion. Sanofi and Denali will share commercial profits and losses from DNL747 in the U.S. and China equally, while Denali will receive a royalty from Sanofi for other territories for DNL747 and worldwide for DNL758.
SNY

Hot Stocks

05:32 EDT Sanofi enters collaboration with Denali Therapeutics - Sanofi plans to collaborate with Denali Therapeutics Inc. on the development of multiple molecules with the potential to treat a range of neurological and systemic inflammatory diseases. Under the terms of the agreement, Sanofi will make an upfront cash payment to Denali of $125 million, with future development and commercial milestone payments that could exceed $1 billion. Sanofi and Denali will share commercial profits and losses from DNL747 in the U.S. and China equally, while Denali will receive a royalty from Sanofi for other territories for DNL747 and worldwide for DNL758.
ABBV

Hot Stocks

05:21 EDT AbbVie receives EC approval for Venclyxto plus rituximab - AbbVie announced that the European Commission has approved the type-II variation application for Venclyxto in combination with rituximab for the treatment of patients with relapsed/refractory chronic lymphocytic leukemia who have received at least one prior therapy. This approval allows more patients to receive Venclyxto in the second-line setting and gives healthcare providers the ability to prescribe this medicine to a broader population of patients with R/R CLL than the previously approved indication for Venclyxto as monotherapy in the EU. The approval is valid in all 28 member states of the EU, as well as Iceland, Liechtenstein and Norway. The EC approval is based on results from the MURANO Phase 3 randomized clinical trial, which evaluated the efficacy and safety of Venclyxto in combination with rituximab compared to bendamustine in combination with rituximab, an established standard of care chemoimmunotherapy regimen for patients with R/R CLL.1 At the time of the primary analysis, the trial demonstrated a statistically significant improvement in investigator-assessed progression-free survival in patients who received Venclyxto plus rituximab, resulting in an 83 percent reduction in the risk of disease progression or death.
DISH T

Hot Stocks

05:19 EDT Dish says AT&T pulls HBO, other channels, makes 'untenable demands' - DISH (DISH) and Sling TV announced today that AT&T (T) has made the unprecedented move to pull HBO and Cinemax content from DISH and Sling TV subscribers, after making untenable demands designed specifically to harm customers, particularly those in rural areas, as well as damage competing pay-tv providers. Despite an opposing antitrust lawsuit filed by the U.S. Department of Justice, AT&T acquired Time Warner, including HBO and Cinemax, earlier this year. There were no guidelines set in place to ensure that AT&T "played fair" for HBO and Cinemax subscribers, regardless of their pay-TV provider. "Plain and simple, the merger created for AT&T immense power over consumers," said Andy LeCuyer, DISH senior vice president of Programming. "It seems AT&T is implementing a new strategy to shut off its recently acquired content from other distributors. This may be the first of many HBO blackouts for consumers across the country. AT&T no longer has incentive to come to an agreement on behalf of consumer choice; instead, it's been given the power to grab more money or steal away customers." On August 6, the DOJ appealed the Court's decision to allow the merger. AT&T's first HBO blackout ever is exceptionally harmful to rural Americans who don't have the same broadband access as customers living in large cities. Customers with sufficient internet service can substitute HBO Now, the direct-to-consumer streaming offering from HBO. The majority of DISH's HBO subscriber base is located in rural areas with limited broadband access and likely won't be able to watch HBO or Cinemax without a satellite connection. "AT&T's actions are a deliberate slap in the face to rural Americans," said LeCuyer. "And furthermore, they are anticompetitive. AT&T, a company worth more than $200 billion, is intentionally punishing those who don't have big-city broadband access, in an attempt to push customers to the only other satellite provider, its own DirecTV." The market for HBO has changed since DISH last signed a carriage deal in 2015: HBO set the market price at $15 per month with its launch of the direct-to-consumer HBO Now service; and AT&T has announced plans to launch a new direct-to-consumer HBO service next year. "Usually when there is a programming dispute, we don't see eye to eye on rates; but HBO has already set the going rate, so now they're seeking to extract money a different way," said LeCuyer. AT&T is demanding DISH pay for a guaranteed number of subscribers, regardless of how many consumers actually want to subscribe to HBO. DISH remains committed to finding a way to serve its customers. DISH would welcome binding, baseball-style arbitration to determine the fair market value of HBO and Cinemax. During the arbitration process, AT&T would be required to restore its channels to DISH customers.
CNHI

Hot Stocks

05:14 EDT CNH Industrial enters strategic digital agriculture agreement with Farmers Edge - CNH Industrial and Farmers Edge announced that they have entered into a strategic digital agriculture agreement that will make available a portfolio of connectivity and agronomic solutions to Case IH and New Holland customers. Through this agreement, Case IH and New Holland Agriculture, the global agricultural brands of CNH Industrial, will provide their customers with access to FarmCommand, a unique platform, that interfaces with the brands' existing precision farming portals and further extends the range of planning, analysis, execution and agronomic decision making information available to them. As the exclusive OEM partner of Farmers Edge, this service offers Case IH and New Holland customers a tiered approach to agronomic services, with increasing levels of data and support available, enabling them to select the service - with a transparent per acre pricing structure - that best suits their needs. The entry level services focus on FarmCommand, Farmers Edge cloud-based farm data management platform which analyzes data in real time and satellite imagery - in partnership with Planet Labs - providing daily satellite imagery for unsurpassed crop growth insights. This is progressively enriched with field-originated weather data - gathered from farm-based weather stations- vehicle data, and agronomic support, and tops out with variable rate prescriptions with either generic or zoned soil sampling services. This partnership not only foresees digital support, as customers selecting the premium packages will also have access to on-farm, in-person agronomist support, to develop and monitor tailored agronomic plans.