Stockwinners Market Radar for November 27, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TS | Hot Stocks19:44 EDT Tenaris board confirms full support for its chairman and CEO Paolo Rocca - Tenaris S.A. has been informed that on November 27, 2018, the Argentine first-instance judge conducting an investigation into allegations involving payments purportedly made by the Techint Group in 2008 to Argentine government officials issued a preliminary decision to include Tenaris's Chairman and Chief Executive Officer Paolo Rocca in the investigation proceedings. The Board of Directors of Tenaris has been monitoring the situation in consultation with its legal advisors and, after review of the decision adopted by the judge, has confirmed Mr. Rocca as Chairman and Chief Executive Officer of the Company. The Board has instructed Mr. Rocca to continue discharging his responsibilities with the full support of the Board.
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NTNX... | Hot Stocks18:58 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Nutanix (NTNX) up 9.6%... Salesforce (CRM) up 7.7%. ALSO HIGHER: Gaming Partners (GPIC) up 66.0% after being acquired by Anger Holdings. LOWER: Global Net Lease (GNL) down 4.4% after equity offering... Skyline Champion (SKY) down 3.5% after equity offering... YY Inc (YY) down 1.0% after being downgraded to Neutral at JP Morgan.
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CMCM | Hot Stocks18:46 EDT Cheetah Mobile says there are 'untrue' statements in BuzzFeed articles - Cheetah Mobile Inc. further responded to the article issued by BuzzFeed News dated November 26 and November 27, 2018, regarding the attribution of app installations. Near 97% of the revenue from the company's utility apps in the overseas market are contributed by dozens of third-party advertising platforms through SDKs and the remaining 3% are from an SDK developed by Cheetah Mobile itself, which represents less than 1% of the company's total revenue in the third quarter of 2018. Most of these SDKs are widely implemented in numerous other popular mobile applications all over the world. Cheetah Mobile said it has no control over these third party advertising platforms. The company has neither the intention or ability to direct such advertising platforms to engage in the alleged "click injections," it said. In addition, given the overwhelming contribution of revenues from third party adverting platforms, the company has no intention to engage in any alleged "click injection" activities. The company said that there are "numerous untrue and misleading statements in these two articles." The company plans to take legal actions against those parties such as Kochava and the responsible persons that the Company believes have generated and disseminated those untrue and misleading statements.
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CC | Hot Stocks18:29 EDT Chemours announces price increase for methylamines products in NA - Chemours announced up to a 10% price increase for all Methylamines, Dimethylformamide, Dimethylacetamide and Dimethyl Sulfate products sold in North America. The price increase is effective January 1, 2019.
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BEN | Hot Stocks18:16 EDT Franklin Resources director Johnson discloses sale of 516K shares of stock - In a regulatory filing, Franklin Resources Vice Chairman Rupert Johnson disclosed the sale of 516K shares of company stock on November 23rd for a total transaction of about $16.7M at an average price of $32.42 per share.
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BLK | Hot Stocks18:15 EDT BlackRock's Kushel sells 2,100 common shares - In a regulatory filing, BlackRock senior managing director J. Richard Kushel disclosed the sale of 2,100 common shares of the company at a price of $419.109 per share.
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CRM | Hot Stocks18:03 EDT Salesforce says sees several years of good economic growth ahead
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MPWR | Hot Stocks17:52 EDT Monolithic Power's Moyer sells 10,000 common shares - In a regulatory filing, Monolithic Power Systems director James C. Moyer disclosed the sale of 10,000 common shares of the company at a price of $126.1846 per share.
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MJCO | Hot Stocks17:50 EDT Majesco acquires Exaxe, terms not disclosed - Majesco announced the acquisition of Exaxe, an EMEA based cloud software player in the life, pensions and wealth management segment. Headquartered in Dublin, Ireland Exaxe serves a growing list of top European insurers. "We are delighted to welcome Exaxe founders Norman and Philip along with the amazing talent they bring to our global Majesco team. Together, we'll focus on bringing continuous innovation to our customers, helping them take advantage of the market opportunities in insurance with cloud and digital transformation," said Adam Elster, CEO of Majesco. "Exaxe has accelerated the delivery of cutting-edge cloud technology to their clients and we are excited to introduce this to the already growing group of Majesco customers and prospects across Europe."
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ATUS | Hot Stocks17:44 EDT Altice USA does deal to join Suddenlink and Optimum under single credit silo - Altice USA has announced the completion of the combination of its Suddenlink and Optimum businesses under a single credit silo, which is intended to further simplify its structure and operations. The combination marks a significant milestone in the integration of the Suddenlink and Optimum businesses and aligns Altice USA's debt capital structure with the way Altice USA is managed: as a unified company with a common strategy. The Combination will result in a more diversified credit silo which is expected to simplify Altice USA's financing strategy and financial reporting requirements.
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JOE | Hot Stocks17:44 EDT Saint Joe Co, Watercrest Senior Living Group announce plan for FL community - The St. Joe and Watercrest Senior Living Group announced their intent to pursue formation of a joint venture to construct and own a new assisted living and memory care community in Santa Rosa Beach, FL. The community is currently expected to consist of 107 units, which includes 75 units dedicated to assisted living and 32 units for memory care. The new senior living community will be located off West Hewett Road, near Highway 98 and the west end of Highway 30A, on St. Joe land. The parties expect that while St. Joe will be the majority owner in the project, Watercrest will manage community operations. Watercrest communities are known for featuring premium accommodations and exceptional amenities and world-class care. Residents enjoy access to a wide array of resort-style amenities, which may include fine dining venues, pool, spa, wellness programming with aquatic therapy, and health education. Serving and enriching the lives of residents within Watercrest communities is a core belief and the foundation on which Watercrest has based its successful operation throughout the Southeastern US. This will be the first Watercrest facility in Northwest Florida.
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CRM | Hot Stocks17:39 EDT Salesforce says renewed nine-figure relationship with financial firm in Q3 - Says seeing "great returns" from recent acquisitions. Says "thrilled" with strong Q3 results and momentum heading into Q4. Says has never been stronger, better positioned. Says continues to take share, outpace the market. Says continues to execute at scale. Comments from Q3 earnings conference call.
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LUB | Hot Stocks17:30 EDT Bandera reports 8.9% stake in Luby's, sends letter to company - On November 27, 2018, Bandera delivered a letter to Luby's identifying Bandera's concerns with respect to actions taken by Luby's with respect to its investments and real estate holdings, and further describing Bandera's nominees.
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AFSI | Hot Stocks17:26 EDT AmTrust go-private transaction receives regulatory approval - AmTrust Financial Services announced that it has obtained all regulatory approvals required to complete the merger transaction in which Evergreen Parent, L.P., an entity formed by private equity funds managed by Stone Point Capital LLC, together with Barry Zyskind, Chairman and CEO of AmTrust, George Karfunkel and Leah Karfunkel, will acquire the approximately 45% of the company's issued and outstanding common shares that the Karfunkel-Zyskind Family and certain of its affiliates and related parties do not presently own or control. The merger transaction is expected to close on November 29, 2018. The transaction was approved by AmTrust common stockholders at a special meeting of stockholders held on June 21, 2018. At closing, under the terms of the amended merger agreement, AmTrust common stockholders will receive $14.75 in cash for each share of AmTrust common stock they own. Following the close of the transaction, AmTrust common stock under the symbol "AFSI" will cease trading and will be delisted from the NASDAQ Stock Market.
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GPIC | Hot Stocks17:21 EDT Gaming Partners spikes over 70% after news of acquisition by Angel Holdings - Gaming Partners International Corporation announced earlier, that it has entered into a merger agreement with Angel Holdings Godo Kaisha pursuant to which Angel will acquire GPIC for cash in a transaction valued at approximately $110M. The consideration to be paid to GPIC's stockholders will be $13.75 in cash for each share of GPIC common stock. Shares of Gaming Partners International are currently up 70% or $5.47 per share to $13.27 in after-hours trading.
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CUBI | Hot Stocks17:11 EDT Customers Bancorp October net interest margin exceeded 2.6%
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HRS | Hot Stocks17:10 EDT Harris awarded $217.67M Army contract for satellite communications network - Harris was awarded a $217.67M hybrid contract for monitoring, configuring and maintaining of the wideband satellite communications operational management system network. Bids were solicited via the internet with three received. Work will be performed in MacDill Air Force Base, Fort Meade, Fort Detrick, Peterson Air Force Base, Wahiawa, Hawaii, Fort Buckner, and Landstuhl, Germany, with an estimated completion date of July 31, 2027. FY19 operations and maintenance, Army funds in the amount of $7.91M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
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OSK | Hot Stocks17:05 EDT Oshkosh awarded $1.7B Army contract modification for vehicles, kits - Oshkosh was awarded a $1.7B modification to contract W56HZV-15-C-0095 to exercise available options for 6,107 vehicles and 22,166 kits. Work will be performed in Oshkosh, Wisconsin, with an estimated completion date of September 30, 2019. FY17, FY18 and FY19 other procurement, Army funds and 2018 research, development, test and evaluation funds in the amount of $1.7B were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
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NSC | Hot Stocks17:04 EDT Norfolk Southern names Marque Ledoux VP government affairs - Norfolk Southern announced that Marque I. Ledoux has been named vice president government affairs, effective Jan. 1, 2019 to replace Bruno Maestri upon his retirement from the corporation.
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PFG | Hot Stocks17:01 EDT Principal Financial announces $500M share repurchase authorization - Principal Financial announced that its board of directors has approved a new authorization for the repurchase of up to $500M of the company's outstanding common stock. As of September 30, 2018, approximately $135Mremained under the company's May 7, 2018, $300M authorization. The repurchases will be made in the open market or through privately-negotiated transactions, from time to time, depending on market conditions. The stock repurchase program may be modified, extended or terminated at any time by the board of directors. Principal Financial Group, Inc. had approximately 283M shares of common stock outstanding as of October 24, 2018, per the company's quarterly report on Form 10-Q for the quarter ended September 30, 2018. "This authorization supports our continued balanced and disciplined approach to capital deployment to create long-term value for our shareholders - through common stock dividends, share repurchases, and strategic acquisitions," said Dan Houston, chairman, president and CEO of Principal. "As we previously announced, we expect full year deployments will be at the high end of our $900M to $1.3B range in 2018. This action reflects our continued confidence in the underlying strength of our diversified and integrated business model."
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GPIC | Hot Stocks17:01 EDT Gaming Partners trading resumes
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CRM | Hot Stocks17:00 EDT Salesforce up nearly 7% after Q3 results beat estimates, FY19 guidance raised - In after-hours trading, shares are up 6.73% to $136.12.
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JBT | Hot Stocks16:59 EDT JBT names Bryant Lowery chief procurement officer - JBT Corporation announced that Bryant Lowery has joined JBT as Executive Vice President and Chief Procurement Officer effective November 26, 2018. Bryant joins JBT from Fortive, the $7B diversified industrial manufacturer spun off from Danaher in 2016, where he most recently served as Vice President, Global Supply Chain at its Gilbarco Veeder-Root Division, with procurement management across the $2B platform of companies.
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NPTN | Hot Stocks16:56 EDT Rusnano cuts stake in NeoPhotonics to 5.7% - Rusnano beneficially owned 2,617,105 shares of common stock, representing approximately 5.7% of the outstanding shares of common stock. The percentage in this paragraph is calculated based on 46,049,277 shares of common stock outstanding as of October 30.
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STXB | Hot Stocks16:53 EDT Spirit of Texas Bancshares acquires Firts Beeville Finacial for $63.7M - Spirit of Texas Bancshares, the holding company for Spirit of Texas Bank, SSB, announced that it is expanding its footprint into the Beeville, San Antonio and Corpus Christi markets with its acquisition of First Beeville Financial Corporation and its bank subsidiary, The First National Bank of Beeville. On November 27 Spirit entered into a definitive agreement to acquire Beeville, in a cash and stock transaction for total consideration value of approximately $63.7M based on Spirit's closing price of $19.81 per share on November 26. Under the terms of the transaction, Spirit will issue 1,579,268 shares of its common stock and pay $32.4M in cash, subject to certain adjustments, to the shareholders of First Beeville Financial. The board of directors of each company has unanimously approved the transaction, and the directors of Beeville have entered into agreements with Spirit pursuant to which they have agreed to vote their shares of Beeville common stock in favor of the transaction. The transaction is expected to close in the Q2 of FY19, subject to the satisfaction of customary closing conditions, including regulatory approvals and the approval of Beeville's shareholders. Upon completion of the transaction, Brian Schneider, Chairman and President of Beeville, and Kent Fry, Executive Vice President and Chief Lending Officer of The First National Bank of Beeville, will join Spirit of Texas Bank management. Additionally, upon completion of the transaction, Allen C. Jones IV will be appointed to the Spirit Board of Directors, and Brannon Brooke and George G. Latcham will be appointed to the Spirit of Texas Bank Board of Directors.
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KEYS | Hot Stocks16:50 EDT Keysight Technologies exec Williams sells 17,752 common shares - In a regulatory filing, Keysight Technologies senior VP and secretary Stephen D. Williams disclosed the sale of 17,752 common shares of the company at a price of $57.1555 per share.
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TRMB | Hot Stocks16:48 EDT Trimble VP Darryl Matthews sells 2,400 shares of company stock - Trimble VP Darryl Matthews disclosed in a filing that he had sold 2,400 shares of company stock at an average price of $37.21 on November 26. The total transaction value of the sale was $89,308.
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LQDA | Hot Stocks16:47 EDT Liquidia Technologies CFO Kevin Gordon to retire - Liquidia Technologies announced that Kevin Gordon, president and CFO, plans to retire from his current role at Liquidia to focus on board and other advisory work. Liquidia has initiated a search process for a new CFO and Gordon has agreed to continue his employment with the company until March 1, 2019 to support a smooth transition.
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CPRX | Hot Stocks16:45 EDT Catalyst Pharmaceuticals trading resumes
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MKC | Hot Stocks16:38 EDT McCormick raises quarterly dividend to 57c from 52c per share - Payable January 14, 2019 to shareholders of record December 31, 2018. This marks the 33rd consecutive year that the company has increased its quarterly dividend. At 57c, the quarterly dividend is double the amount paid in 2011.
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PLYM | Hot Stocks16:34 EDT Plymouth Industrial REIT to acquire 20-building portfolio in Florida for $97.1M - Plymouth Industrial REIT announced it has signed a definitive agreement to acquire a 20-building, 1.1M-square-foot light industrial and flex portfolio in Jacksonville, Florida for $97.1M in cash. The acquisition, which is expected to close in mid-December subject to customary closing conditions, is projected to provide an initial yield of 8.4%. Plymouth expects to fund the acquisition with approximately $34M in proceeds from a recently announced strategic investment from an affiliate of Madison International Realty and approximately $63M in short-term borrowings from KeyBank. The portfolio consists of three business parks totaling 20 buildings and 1,133,516 square feet of institutional quality light industrial and flex assets. The buildings are in close proximity to one another in the southside submarket of Jacksonville. The properties are currently 96% leased to 40 tenants. The portfolio has a weighted average lease term of over three years remaining and contains national and regional tenants.
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PANL | Hot Stocks16:32 EDT Pangaea Logistics extends contract to move bauxite from Jamaica to Louisiana - Pangaea Logistics Solutions announced that its contract to move bauxite from Jamaica to Gramercy, Louisiana for Noranda Bauxite and Alumina has been extended through yearend 2031. Along with extending the term of the contract, the parties agreed to a pricing structure designed to create, net of fuel and port cost variances, stable pricing with minor inflationary adjustments through the life of the contract.
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GPIC | Hot Stocks16:31 EDT Gaming Partners to be acquired by Angel Holdings for $13.75 per share - Gaming Partners International Corporation announced that it has entered into a merger agreement with Angel Holdings Godo Kaisha pursuant to which Angel will acquire GPIC for cash in a transaction valued at approximately $110M. The consideration to be paid to GPIC's stockholders will be $13.75 in cash for each share of GPIC common stock. The merger agreement was unanimously adopted by a special transaction committee of independent directors of the board of directors of GPIC as well as the full Board. In addition, GPIC stockholders holding approximately 51% of the outstanding shares have signed a voting agreement to vote "for" the transaction. The merger agreement provides for a "go-shop" provision under which, subject to certain limitations and conditions contained in the merger agreement, GPIC and its board of directors may actively solicit, receive, evaluate and potentially enter into negotiations with parties that offer alternative proposals to the proposed merger transaction until February 2, 2019. There can be no assurance that any person will make a proposal more favorable to the stockholders of GPIC than what Angel has agreed to under the merger agreement. GPIC does not intend to disclose developments about this process unless and until its board of directors has made a decision with respect to any potential superior proposal. The transaction, which is expected to close in 2019, is subject to the approval of GPIC stockholders and the receipt of certain approvals from gaming authorities. The transaction is also conditioned on other customary closing conditions.
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GPIC | Hot Stocks16:25 EDT Gaming Partners trading halted, news pending
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GLPG | Hot Stocks16:24 EDT Galapagos NV receives Fast Track designation from FDA for GLPG1972/S201086 - Galapagos NV announced that the FDA has granted GLPG1972/S201086 Fast Track designation for the treatment of patients with osteoarthritis, or OA. The FDA's Fast Track program is designed to facilitate the development and expedite the review of drugs that treat serious or life-threatening diseases or conditions and that demonstrate the potential to address unmet medical needs. Galapagos is developing investigational molecule GLPG1972/S201086 with the potential to become a first-in-class disease-modifying osteoarthritis drug as part of a collaboration with Servier signed in 2010. Galapagos has full US commercial rights to GLPG1972/S201086, with Servier retaining the ex-US rights. Under the terms of the agreement, Galapagos is also eligible to receive development, regulatory and other milestone payments plus royalties upon commercialization outside the US. In June 2018, Galapagos and Servier announced the start of the global 52-week ROCCELLA Phase 2 trial with GLPG1972/S201086 in knee osteoarthritis patients.
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EYPT | Hot Stocks16:22 EDT EyePoint names Ron Honig SVP, General Counsel and company secretary - EyePoint Pharmaceuticals announced the appointment of Ron Honig, as Senior Vice President, General Counsel and Company Secretary, effective immediately. In this new role, Mr. Honig will the oversee the Company's legal activities, including the legal aspects of licensing, compliance, strategic transactions, and business development. Honig brings to EyePoint more than 25 years of legal experience in the medical device, biotechnology, contract manufacturing and legal services industries. As lead in-house counsel to publicly-traded companies and private equity portfolio companies in the global healthcare industry, Mr. Honig has managed legal and compliance functions and has had responsibility for a wide variety of business transactions.
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HGV | Hot Stocks16:20 EDT Hilton Grand Vacations names Daniel Matthewes as new CFO - Hilton Grand Vacations announces the appointment of Daniel J. Mathewes as chief financial officer. Mathewes has more than 20 years of diverse, global finance experience with both public and private multi-national companies in the hospitality and real estate industries. He joins HGV from Virgin Hotels North America in Miami, Florida, where he was CFO since 2016. As part of their executive team, Mathewes led all aspects of financial management, tax and treasury, as well as long-term, strategic planning. Prior to that role, Mathewes was CFO of The World and previously served as senior vice president of finance and treasury for Kerzner International. During his career, Mathewes also worked in multiple financial leadership capacities with NCL Corporation and Royal Caribbean Cruises.
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MHK | Hot Stocks16:17 EDT Mohawk CFO Frank Boykin plans retirement in 2019 - Mohawk Industries announced that Frank Boykin, CFO, is planning to retire in 2019. Boykin joined Mohawk in 1993, moving up through various finance roles prior to his appointment as CFO in January 2005. Mohawk has launched a comprehensive search for Boykin's successor. After his successor is selected, Boykin will facilitate the transition in a senior consultant role.
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TNC | Hot Stocks16:16 EDT Tennant appoints Keith Woodward CFO - Tennant Company announced the appointment of Keith Woodward to the position of senior VP, CFO, effective December 1. Woodward replaces Tom Paulson who announced his retirement earlier this year.
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CPRX | Hot Stocks16:13 EDT Catalyst Pharmaceuticals says Firdapse NDA still under review - Catalyst Pharmaceuticals reported that no decision has yet been received from the FDA with respect to the company's New Drug Application, or NDA, for Firdapse. The company reported that a contractor working on a web page unintentionally allowed a live screen to be seen that reflected that the possible approval of the company's NDA had already been received. The company issued a release in order to clarify to the marketplace the status of its NDA.
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CRM | Hot Stocks16:13 EDT Salesforce reports remaining performance obligation $21.2B at Q3-end - Remaining performance obligation, representing future revenues that are under contract but have not yet been recognized, ended the third quarter at approximately $21.2B, an increase of 34% year-over-year. This includes approximately $300M related to the remaining performance obligation from MuleSoft. Current remaining performance obligation, which represents the future revenues under contract expected to be recognized over the next 12 months, ended the third quarter at approximately $10B, an increase of 27% year-over-year.
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LODE | Hot Stocks16:11 EDT Comstock Mining says land sales progressing toward debt elimination goal - Comstock Mining announced progress on its non-mining asset sales. The sale of the Gold Hill Hotel, to a local, experienced hotelier remains on schedule for closing in December. The buyer completed the final walk through inspection of the property last week with no material issues noted. In addition, the Company has entered into discussion and negotiation with local investors for the sale of its non-mining assets located in Silver Springs, Nevada.Corrado De Gasperis, Executive Chairman and CEO commented, "The sale process for the Gold Hill Hotel has progressed without incident and we have and continue to be impressed by the professionalism, care and community involvement of the new owners and we warmly welcome them to the Comstock. We are also thrilled by the interest of Nevada-based investors who are focused on opportunity zone investments in Storey and Lyon counties. On November 23, the Company was notified by the agent of the buyer of the Daney Ranch, that the proposed buyer was opting to terminate its offer of $3.25 million, previously announced to close later this month. The company will relist the property for $4 million this week. Mr. De Gasperis concluded, "Our non-mining land sales are progressing toward the goal of eliminating our debt, and we expect this to be completed in the first half of next year, and possibly sooner. We anticipate the principal amount of the company's secured debenture at year end will be approximately $7.8 million, with $14 million of remaining non-mining asset sales to be completed in 2019."
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CRM | Hot Stocks16:11 EDT Salesforce reports Q3 cash generated from operations $143M, up 14% y/y - Unearned revenue on the balance sheet as of October 31, 2018 was $5.38B, an increase of 25% year-over-year, and 26% in constant currency.
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BG | Hot Stocks16:10 EDT Bunge appoints Robert Coviello as Chief Growth and Strategy Officer - Bunge announced that Robert Coviello has been named Executive Vice President & Chief Growth and Strategy Officer, effective January 1, 2019, reporting to CEO Soren Schroder. Coviello will drive the development of Bunge's strategic plans, working alongside the executive committee to evaluate strategic alternatives and ensure Bunge's strategy aligns with new trends and disruptive forces in the global agribusiness and food industry. Coviello currently serves as Managing Director, Southeast Asia and China. He joined the company in 2003, and has held a variety of commercial leadership positions in Asia, Europe and the U.S. Prior to Bunge, he served in trading roles at Cargill in the U.S. He holds a B.A. from Dartmouth College and an M.B.A. from Harvard Business School.
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CRM | Hot Stocks16:09 EDT Salesforce says seeing 'incredible customer demand' - "Given the strength of this quarter's results and the incredible customer demand we are seeing, we are again raising our FY19 revenue guidance and initiating our full year fiscal 2020 revenue guidance at $16 billion at the high end of the range," said Keith Block, co-CEO, Salesforce. "Companies across every industry, in every geography have a mandate to digitally transform their businesses and are turning to Salesforce as a strategic partner."
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MCY | Hot Stocks16:09 EDT Mercury General reports estimated catastrophe losses resulting from wildfires - Mercury General reported its estimated catastrophe losses resulting from the wildfires in California in November. Two major catastrophe events, known as the Camp Fire and the Woolsey Fire, occurred in California in November causing significant losses to the Company. The Company estimates that its pre-tax total gross losses, before reinsurance benefits, from the Camp Fire in Northern California and the Woolsey Fire in Southern California will be approximately $207M and $46M, respectively. The Company estimates that its pre-tax total loss, net of reinsurance benefits, from these two events will be approximately $37M, representing $20M for the Company's initial reinsurance retention for the two catastrophe events, $10M for each event, approximately $10.5M Company retention from the first layer of reinstated reinsurance limit previously used up, and approximately $6.5M Company retention for the Camp Fire. These loss amounts, which will be recorded in the Q4, represent the Company's best estimates based on the information available at this time, and could change as new information, including any late reporting of claims, becomes available. The Company is party to a Catastrophe Reinsurance Treaty covering a wide range of perils that is effective through June 30, 2019.
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ALK | Hot Stocks16:08 EDT Alaska Air raises Q4 RASM forecast, sees capacity up 1.1% - In a regulatory filing earlier, Alaska Air provided an investor update to communicate certain updated 2018 and 2019 forecasted operational and financial information communicated in its November 27 Investor Day presentation. Alaska guided to Q4 revenue per ASM, or RASM, of 12.6c-12.8c, up from its prior view of 12.4c-12.6c and representing a percentage change of 3.0%-5.0%. The company backed a Q4 forecast for capacity, measured in ASMs in millions, of 16,055 - 16,105, representing growth of 1.1%. Alaska sees FY18 capacity growth of about 5.3% and cost per ASM ex-fuel and special items to be up 3.2%. Excluding the impact of any new labor contracts, the company said it expects CASMex for 2019 to increase approximately 2.0%-2.5% from its full year 2018 guidance on 2% expected capacity growth.
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EBSB | Hot Stocks16:06 EDT Meridian Bancorp increases quarterly dividend 40% - Meridian Bancorp, the holding company for East Boston Savings Bank, declared a quarterly cash dividend of 7c per common share, an increase of 2c per common share or 40%, payable on January 2, 2019 to stockholders of record at the close of business on December 18, 2018.
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CRM | Hot Stocks16:06 EDT Salesforce raises FY19 outlook
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WDC | Hot Stocks16:06 EDT Western Digital CFO Mark Long to step down - Western Digital announced that Mark Long, chief financial officer, chief strategy officer and president, Western Digital Capital, has decided he will step down from his current role to pursue opportunities as a private equity investor. Western Digital has begun a comprehensive search for a successor. To ensure a smooth leadership transition, Long will remain an active member of the company's leadership team through June 1, 2019. Long will remain chief financial officer until his departure or until a permanent successor is appointed. Long has served as Western Digital's chief financial officer since 2016.
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CSWC | Hot Stocks16:04 EDT Capital Southwest announces regular dividend and 10c supplemental dividend - Capital Southwest announced its board has declared a total dividend of 46c per share for the quarter ended December 31, comprised of a regular dividend of 36c per share and a supplemental dividend of 10c per share.
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GLPG | Hot Stocks16:04 EDT Galapagos NV receives FDA Fast Track designation for osteoarthritis drug - Galapagos NV announced that the FDA has granted GLPG1972/S201086 Fast Track designation for the treatment of patients with osteoarthritis. The FDA's Fast Track program is designed to facilitate the development and expedite the review of drugs that treat serious or life-threatening diseases or conditions and that demonstrate the potential to address unmet medical needs. Drugs that receive this designation are eligible for more frequent interactions with the FDA and are potentially eligible for priority review and rolling review of a New Drug Application, or NDA. The purpose of this FDA program is to get important new drugs to patients earlier. Galapagos is developing investigational molecule GLPG1972/S201086 with the potential to become a first-in-class disease-modifying osteoarthritis drug as part of a collaboration with Servier signed in 2010. Galapagos has full US commercial rights to GLPG1972/S201086, with Servier retaining the ex-US rights.
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DISCA | Hot Stocks16:03 EDT Discovery's GOLFTV announces global content partnership with Tiger Woods - In a major development as part of the strategic partnership between Discovery and the PGA TOUR, GOLFTV announced an exclusive multi-year global content partnership with 80-time PGA TOUR winner and 14-time Major champion Tiger Woods. Starting in January 2019, GOLFTV powered by PGA TOUR, the new global live and on-demand video streaming service jointly developed by Discovery and the TOUR, will collaborate with Woods on a wide range of programming, content creation and storytelling opportunities that will offer fans an authentic and regular look into the life, mind and performance of the game's ultimate icon. The GOLFTV partnership will reveal Woods as fans have never seen him before, providing an unparalleled opportunity to get close to Woods' practice routines, preparation and life on the road through a variety of programming showcased exclusively on GOLFTV.
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PTGX | Hot Stocks16:02 EDT Protagonist Therapeutics to begin clinical development of PN-10943 - Protagonist Therapeutics announced that the Company plans to begin clinical development of PN-10943, an oral, gut-restricted alpha-4-beta-7 integrin antagonist peptide for the treatment of inflammatory bowel disease, or IBD. In preclinical studies, PN-10943 has demonstrated superior properties to PTG-100 as measured by in vitro potency, target engagement based on in vivo pharmacodynamic, or PD, readouts of blood receptor occupancy and effects on T cell trafficking, and efficacy in disease models of colitis. The Company is replacing PTG-100 with PN-10943 as a development candidate for the treatment of IBD based on an assessment of preclinical data from PN-10943 and recent feedback from global regulatory authorities on further development of PTG-100.
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PRTH | Hot Stocks16:01 EDT Parthus Technologies says exec chairman Priore to assume role of CEO - Priority Technology Holdings, Inc. announced that the board of directors has approved the expansion of its senior management team as well as the transition of several members into new roles: Michael Vollkommer will be joining the company as its new Chief Financial Officer; Bruce Mattox will transition from Chief Financial Officer to a new role as Chief Accounting Officer; John Priore will transition from CEO to his new role as Vice-Chairman of the board; current Executive Chairman Tom Priore will be assuming the role of Chief Executive Officer. These changes follow other recent additions to Priority's management team, including Chief Operating Officer Timothy Schneible, Chief Marketing Officer Jeff Stein and SVP of Human Resources Mayrov Eagan.
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APEN | Hot Stocks16:01 EDT Apollo Endosurgery announces first commercial shipment of OverStitch system - Apollo Endosurgery announced the first commercial shipments of the OverStitch Sx Endoscopic Suturing System. These initial customer shipments launch the first phase of the global product launch for Overstitch Sx. This first phase will be a limited launch with select gastroenterologists and bariatric surgeons in both the United States and European Union through the end of 2018. The full commercial launch is planned in the 1st quarter of 2019. Flexible endoscopic suturing using Apollo's OverStitch(TM) Endoscopic Suturing System is now established as an important tool for both surgeons and gastroenterologists that enables a wide array of new endolumenally performed patient treatment options. The OverStitch Sx is designed for compatibility with single-channel endoscopes with diameters ranging from 8.8mm to 9.8mm, and therefore provides more physicians with access to the benefits of full-thickness flexible endoscopic suturing regardless of their hospital's selection of endoscopic capital equipment or endoscope manufacturer.
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TX | Hot Stocks15:57 EDT Ternium trading resumes
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TS | Hot Stocks15:57 EDT Tenaris trading resumes
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CME | Hot Stocks15:49 EDT CME Group CEO sells 10,000 Class A common shares - In a regulatory filing, CME Group chairman and CEO Terrence A. Duffy disclosed the sale of 10,000 Class A common shares of the company at a price of $188.80 per share.
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MGM | Hot Stocks15:34 EDT MGM Resorts, MLB form wide-ranging partnership in U.S., Japan - Major League Baseball and MGM Resorts announced the formation of an all-inclusive partnership agreement that combines the MLB brand with MGM Resorts and playMGM brands across league and team sponsorships, data usage in gaming, promotion across MLB-owned media platforms, and domestic and international activations at MLB events. The new multi-year agreement designates MGM Resorts as the first-ever "Official Gaming Partner of MLB" and "Official Entertainment Partner of MLB." As an official sponsor of Major League Baseball, MGM Resorts will domestically promote its brand and gaming options across MLB's digital and broadcast platforms, including MLB Network, MLB.com, the MLB At Bat app and additional fan engagement offerings to be jointly developed. MGM Resorts will be identified as an MLB-Authorized Gaming Operator and utilize MLB's official statistics feed, on a non-exclusive basis, throughout its digital and live domestic sports gaming options. MLB will also make enhanced statistics available to MGM on an exclusive basis. In addition, MGM Resorts and MLB will work together on comprehensive responsible gaming measures and work to protect the integrity of the game both on and off the field. MLB intellectual property will appear in MGM advertising and promotional campaigns. MGM also will broaden its commitment to baseball by securing multiple MLB Club partnerships. MGM will have a presence at MLB Jewel Events, including the All-Star Game and World Series. In Japan, MGM Resorts will be an official partner at grassroots baseball events like the MLB Road Show. An interactive fan experience that celebrates Major League Baseball, MLB Road Show tours throughout Japan giving fans an opportunity to participate in baseball activities including batting and pitching cages, baserunning stations, virtual reality, and a baseball museum.
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TX | Hot Stocks15:32 EDT Ternium trading halted, news pending
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TS | Hot Stocks15:32 EDT Tenaris trading halted, news pending
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PDS | Hot Stocks15:31 EDT Precision Drilling terminates agreement with Trinidad Drilling - Precision Drilling announced that it has terminated the arrangement agreement dated October 5, 2018 with Trinidad Drilling following the announcement by Ensign Energy Services Inc. that it had taken up 56.38% of the outstanding common shares of Trinidad pursuant to its unsolicited offer to purchase and takeover bid circular. Accordingly, payment of the termination fee in the amount of $20M is now due and payable to Precision in accordance with the Arrangement Agreement.
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CPRX | Hot Stocks15:16 EDT Catalyst Pharmaceuticals trading halted, news pending
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AMZN LMT | Hot Stocks15:12 EDT AWS, Lockheed Martin announce strategic collaboration for satellite links - At AWS re:Invent, Amazon Web Services, an Amazon.com company (AMZN), and Lockheed Martin (LMT) announced a strategic collaboration to integrate the new AWS Ground Station service with Lockheed Martin's new Verge antenna network. "AWS and Lockheed Martin are bringing these two highly capable systems together to provide a solution that addresses customer needs for resilient satellite uplinks and downlinks. Through this integration, customers using AWS Ground Station gain the ability to download data from multiple satellites at the same time and to continue downloading data even when unplanned outages like a weather event impact parts of the network. And, Lockheed Martin Verge customers benefit from being able to upload satellite commands and data through AWS Ground Station and to quickly download large amounts of data over the high-speed AWS Ground Station network," the companies stated. Lockheed Martin Verge will be available in private beta today for customers with satellites that support S-band frequencies and can downlink in the Denver, Colorado area. General availability and expansion to the higher frequency X-band will be announced in the future.
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PFE | Hot Stocks15:03 EDT Pfizer annouces FDA grant of six months pediatric exclusivity for Lyrica - Pfizer announced that the U.S. Food and Drug Administration has granted pediatric exclusivity for Lyrica. This grant extends the period of U.S. market exclusivity for Lyrica by an additional six months, to June 30, 2019. Lyrica is currently approved in the U.S. for fibromyalgia, diabetic nerve pain, spinal cord injury nerve pain and pain after shingles in adults. Lyrica is also approved as adjunctive therapy for the treatment of partial onset seizures in patients four years of age and older.
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LMT | Hot Stocks15:02 EDT Lockheed Martin to invest over $30M through 2020 to reduce F-35 training costs - Lockheed Martin said it has reduced the cost of an F-35 Full Mission Simulator by $3M per copy since program inception, reflected in Low Rate Initial Production lot 11. Comprised of 15 simulators, these LRIP 11 savings generate approximately $45M savings for the F-35 program. F-35 production teams at Training and Logistics Solutions achieved these unit price reductions through several measures including: Executing long-term supply chain contracts and employing automation on the production line; leveraging advanced manufacturing techniques, highlighted by the integration of 3D printed simulator parts including component housings and brackets. Future use of this advanced technology, including the printing of simulator cockpits, is projected to save an additional $11M during the next five years. "We're serious about driving out costs and excited to generate continued production savings across all our programs using advanced manufacturing," said Amy Gowder, TLS vice president and general manager. "We aren't stopping here. In addition to our production savings, we're investing more than $30M through 2020 to reduce F-35 training sustainment costs while increasing concurrency and capability." The $30M sustainment investment includes: Modernizing the virtual training environment based on emerging threats and needs of F-35 operators; reducing costs by infusing new technologies to shrink hardware and software footprints in the computing and visual infrastructure, automating support tasks and reducing manpower support requirements; driving continuous concurrency between the training system and the F-35 aircraft.
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AIRI | Hot Stocks15:01 EDT Air Industries receives $22M award for landing gear components - Air Industries is pleased to announce that it has received a major award for landing gear components for the F-35 and F-15 aircraft. The value of the award is estimated at $22M (at the mid-point of projected aircraft production). Deliveries are to begin in the first quarter of 2019 and continue for 3-years. Air Industries has already received fully funded purchase orders against this award totaling $15.5M.
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AMZN | Hot Stocks14:59 EDT Amazon announces AWS Ground Station - Amazon Web Services announced AWS Ground Station, a new service that makes it easy and cost-effective for customers to download data from satellites into AWS Global Infrastructure Regions using a fully managed network of 12 ground station antennas located around the world. Once customers receive satellite data at a ground station, they can immediately process it in an Amazon Elastic Compute Cloud instance, store it in Amazon Simple Storage Service, apply AWS analytics and machine learning services to gain insights, and use Amazon's network to move the data to other regions and processing facilities. Getting started with AWS Ground Station takes just a few clicks in the AWS Management Console to schedule antenna access time and launch an Amazon EC2 instance to communicate with the satellite. There are no up-front payments or long-term commitments, no ground infrastructure to build or manage, and customers pay-by-the-minute for antenna access time used. AWS Ground Station allows customers to more easily and cost-effectively control satellite operations, ingest satellite data, and integrate the data with applications and other cloud services running in AWS. Using AWS Ground Station, customers can save up to 80 percent of their ground station costs by paying for antenna access time on demand, and they can rely on AWS Ground Station's global footprint of ground stations to downlink data when and where they need it. The recency of data is particularly critical when it comes to tracking and acting upon fast-moving conditions on the ground. This timeliness depends on frequent communications between ground stations and satellites, which can only be achieved with a large, global footprint of antennas maintaining frequent contact with orbiting satellites. For example, as fast-moving environmental, geopolitical, or news events unfold on the ground, AWS Ground Station customers can downlink current data to any of the 12 AWS ground stations around the world and quickly combine the data with other AWS services to process, store, analyze, and transport the data to keep up with rapidly evolving conditions. With AWS and AWS Ground Station, customers can get timely data sooner, rapidly experiment with new applications, and deliver products to market faster without buying, leasing, or maintaining complex and expensive infrastructure.
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PZZA | Hot Stocks14:31 EDT Papa John's sinks 11.5%, or $ 6.65, to $51.02 following WSJ report
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PZZA | Hot Stocks14:30 EDT Papa John's sinks 11.5%, or $ 6.65, to $51.02 followup WSJ report
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AKS | Hot Stocks14:17 EDT AK Steel CEO Roger Newport buys 10,000 shares of company stock - AK Steel CEO Roger Newport disclosed in a filing that he had purchased 10,000 shares of AK Steel at an average price of $3.03 per share on November 27. The total transaction value was $30,300.
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FANG EGN | Hot Stocks14:10 EDT Diamondback Energy, Energen shareholders approve merger - Diamondback Energy (FANG) and Energen (EGN) announced that all proposals necessary for the parties' pending merger were approved by the stockholders of Diamondback and the shareholders of Energen at each company's respective special meeting held today. As previously announced, on August 14, 2018, Diamondback and Energen entered into a definitive merger agreement providing for Diamondback's acquisition of Energen in an all-stock transaction. Under the terms of the definitive merger agreement, each eligible share of Energen's common stock issued and outstanding immediately prior to the effective time of the Merger will be converted into the right to receive 0.6442 of a share Diamondback's common stock, with cash in lieu of any fractional shares. Diamondback and Energen expect to close the Merger on November 29, 2018, subject to satisfaction of the remaining customary closing conditions.
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GM | Hot Stocks14:09 EDT President Trump says 'looking at cutting all GM subsidies' - President Donald Trump tweeted: "Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including...for electric cars. General Motors made a big China bet years ago when they built plants there (and in Mexico) - don't think that bet is going to pay off. I am here to protect America's Workers!" Reference Link
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LSCC | Hot Stocks14:05 EDT Lattice Semiconductor CEO buys 10,000 shares, VP buys 20,000 - In a regulatory filing yesterday, Lattice Semiconductor CEO James Robert Anderson announced his purchase on November 21 of 10,000 shares of company stock at an average price of $5.67. In a subsequent filing today, it was disclosed that VP Esam Elashmawi bought 20,000 shares at an average price of $5.66 on November 26.
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GM | Hot Stocks13:44 EDT Kudlow says GM layoffs a 'great disappointment' - Kudlow says the White House is "looking into" certain subsidies for electric cars, adding that it "seems" GM would prefer to build its electric cars in China and not in the U.S. Larry Kudlow continues speaking in a press briefing from the White House.
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HA JBLU | Hot Stocks13:31 EDT Hawaiian Airlines, JetBLue announce expanded codeshare agreement - Hawaiian Airlines (HA) and JetBlue (JBLU) announced an expanded codeshare agreement that allows travelers from dozens of cities, most of them in the eastern U.S., to easily connect to the Hawaiian Islands via Boston's Logan International Airport starting in April. Boston-area JetBlue customers can now purchase tickets on Hawaiian Airlines' nonstop flight to Honolulu's Daniel K. Inouye International Airport with JetBlue's 'B6' code and earn TrueBlue points when they fly. Additionally, travelers originating in 26 cities - including Washington, DC, Pittsburgh, Philadelphia, Baltimore and Cleveland, which currently cannot connect to Hawai'i through JetBlue in New York - can already purchase codeshare tickets that carry Hawaiian's 'HA' code on their JetBlue flights that connect in Boston, and JetBlue's 'B6' code on Hawaiian's new nonstop flight between Logan and Honolulu. And they can use the 'B6' code on convenient Hawaiian flights that connect Honolulu to the entire island chain. Hawaiian and JetBlue's guests also will continue to enjoy one-stop check-in and baggage transfers to their final destination, as well as the opportunity to earn and redeem loyalty rewards.
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LHO PEB | Hot Stocks13:10 EDT LaSalle Hotel shareholders approve merger with Pebblebrook Hotel - LaSalle Hotel Properties (LHO) announced that its shareholders voted to approve its previously announced merger with Pebblebrook Hotel Trust (PEB). At the special meeting of LaSalle common shareholders, approximately 99% of the shares voted were cast in favor of the merger, representing more than 86% of LaSalle's total outstanding common shares. Pebblebrook also announced that its shareholders voted to approve the issuance of Pebblebrook common shares to the holders of LaSalle common shares pursuant to the definitive merger agreement under which Pebblebrook will acquire 100% of LaSalle's outstanding common shares.
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CWK BX | Hot Stocks13:10 EDT Cushman & Wakefield advises Singaporean CDL on acquisition of GBP 385M tower - Cushman & Wakefield (CWK) has advised Singapore-listed City Developments Limited, or CDL, on the off-market acquisition of 125 Old Broad Street, London EC2N, for GBP 385M from Blackstone Group LP (BX). The deal represents one the largest single asset sales in the City of London this year. The property occupies a rare large freehold island site of 0.70 acres, in the heart of the City of London, directly overlooking the Bank of England. Once the home of the London Stock Exchange, following a significant redevelopment in 2008, the building now comprises 329,200 sq ft of Grade A office retail and ancillary accommodation arranged over three basement levels, ground floor, mezzanine and 26 upper tower floors.
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AMZN INTC | Hot Stocks13:07 EDT Amazon launches Graviton processor chip at 'significantly lower cost' - Amazon Web Services (AMZN) said last night in a blog post, "Today we are launching EC2 instances powered by Arm-based AWS Graviton Processors. Built around Arm cores and making extensive use of custom-built silicon, the A1 instances are optimized for performance and cost. They are a great fit for scale-out workloads where you can share the load across a group of smaller instances. This includes containerized microservices, web servers, development environments, and caching fleets. The A1 instances are available in five sizes, all EBS-Optimized by default, at a significantly lower cost." Amazon, with the launch of Graviton, has taken a "big step" toward reducing its reliance on Intel (INTC) for a "critical component of its cloud-computing service," according to Bloomberg's Ian King. Reference Link
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GOOG GOOGL | Hot Stocks13:05 EDT Waymo names Deborah Hersman chief safety officer - Alphabet's (GOOG) Waymo said in a blog post that Deborah Hersman will join Waymo as the company's first Chief Safety Officer, and Amee Chande will join as the first Chief Commercial Officer. These newly created positions will both report to Waymo CEO John Krafcik. Debbie will join Waymo in January from the National Safety Council, where she has been CEO and President since 2014. Amee has held senior executive positions leading business, strategy and operations at multinational consumer brands. She joins Waymo from Alibaba Group (BABA), where she was Managing Director of global strategy and operations. Reference Link
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DIS... | Hot Stocks13:01 EDT Disney, Google expand strategic relationship - Google (GOOGL), in a post to its Ad Manager blog, announced a new global strategic relationship with The Walt Disney Company (DIS). "With this new relationship, Disney will bring its entire global digital video and display business onto the Google Ad Manager, which will serve as its core ad technology platform. That means that Google will now power advertising for Disney's unmatched collection of brands and properties-including Disney, ABC, ESPN, Marvel, Pixar and Star Wars-across multiple channels, including live streaming and direct-to-consumer content offerings. Disney will be able to serve video ads effortlessly on the web, in mobile apps, streaming through connected TVs and for live events. Together, we plan to build an advanced video experience for Disney that will transcend devices, platforms, and living rooms to bring the magic of premium video content into people's hearts, minds, and screens-everywhere," Google stated. Reference Link
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LL | Hot Stocks12:23 EDT Lumber Liquidators recalls 5-gallon buckets due to drowning hazard - Lumber Liquidators notified the CPSC that it is recalling about 22,000 5-gallon yellow plastic mixing bucket with LL Pro+ and Lumber Liquidators printed on the outside of the buckets. According to the CPSC, young children can fall into buckets and drown. The buckets do not have the required cautionary label warning of the drowning risk posed to young children, it said. No incidents or injuries have been reported.
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GOOG GOOGL | Hot Stocks12:14 EDT YouTube launches student plans for Music and YouTube Premium - In an earlier blog posting, Google's YouTube said: "Today, we're introducing new student plans for YouTube Music and YouTube Premium, giving eligible university and college students discounted access to a world of music, original series and movies - all ad-free and at a wallet-friendly price...Student plans are available for YouTube Music Premium for $4.99 and YouTube Premium for $6.99. Students who sign up by 1/31/19 can lock in YouTube Premium at a special rate of just $5.99." Reference Link
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SJW | Hot Stocks12:00 EDT SJW Corp. falls -9.2% - SJW Corp. is down -9.2%, or -$6.03 to $59.28.
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CUB | Hot Stocks12:00 EDT Cubic falls -9.6% - Cubic is down -9.6%, or -$6.37 to $59.82.
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CMCM | Hot Stocks12:00 EDT Cheetah Mobile falls -14.2% - Cheetah Mobile is down -14.2%, or -$1.16 to $7.00.
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DHT | Hot Stocks12:00 EDT DHT Holdings rises 13.0% - DHT Holdings is up 13.0%, or 56c to $4.81.
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SAVE | Hot Stocks12:00 EDT Spirit Airlines rises 16.0% - Spirit Airlines is up 16.0%, or $8.14 to $59.12.
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BXG | Hot Stocks12:00 EDT Bluegreen Vacations rises 19.3% - Bluegreen Vacations is up 19.3%, or $2.32 to $14.35.
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NVUS | Hot Stocks11:54 EDT Novus Therapeutics announces dosing of first subjects in Phase 1 study of OP0201 - Novus Therapeutics announced that it has dosed the first adult subjects in the low dose cohort of a phase 1 clinical trial of OP0201, the company's lead product candidate being developed for otitis media. The randomized, double-blind, placebo-controlled, parallel-group, dose-escalation trial will include a 30 mg per day and 60 mg per day dose of OP0201 and is designed to evaluate safety and tolerability of daily intranasal administration of OP0201 over 14 consecutive days in 30 healthy adults.
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NVUS | Hot Stocks11:52 EDT Novus Therapeutics announces dosing of first subjects in Phase 1 study of OP0201 - Novus Therapeutics announced that it has dosed the first adult subjects in the low dose cohort of a phase 1 clinical trial of OP0201, the company's lead product candidate being developed for otitis media. The randomized, double-blind, placebo-controlled, parallel-group, dose-escalation trial will include a 30 mg per day and 60 mg per day dose of OP0201 and is designed to evaluate safety and tolerability of daily intranasal administration of OP0201 over 14 consecutive days in 30 healthy adults.
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GE | Hot Stocks11:42 EDT GE Healthcare, VA Puget Sound partner to accelarate use of 3D printing in care - GE Healthcare and VA Puget Sound Health Care System announced a partnership to accelerate the use of 3D imaging in healthcare. As part of their research agreement, GE Healthcare will provide software and work stations, and the VA will provide input on its use of the technology. Prior to this agreement, the VA has used 3D software that is not designed for medical use. Now, the VA will use GE software designed specifically for the medical field - which is expected to reduce the time it takes to create 3D models from hours to minutes. Building on its 3D printing network, VA Puget Sound and the Veterans Health Administration Innovators Network will integrate GE Healthcare's advanced visualization AW VolumeShare workstations with 3D printing software across its facilities in Seattle, San Francisco, Minneapolis, Cleveland and Salt Lake City. VA radiologists specializing in cardiology, oncology, orthopaedics and other areas will use this technology and software to develop new 3D imaging approaches and techniques to deliver improved precision healthcare for our nation's veterans.
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HIIQ | Hot Stocks11:24 EDT HIIQ slides as short-seller accuses company of 'deceptive sales tactics' - Shares of Health Insurance Innovations (HIIQ) are under pressure after Aurelius Value said it is short the stock as it believes the company's business model relies on a "classic boiler room scam." The short-seller argued that previously sealed documents gathered by the Federal Trade Commission "prove that a large boiler room operation recently shuttered by the government for a massive alleged fraud" was responsible for roughly half of the company's sales. 'CLASSIC BOILER ROOM SCAM': In a report, Aurelius Value said it is short Health Insurance Innovations as it believes the company's business model relies on a "classic boiler room scam." "Previously sealed documents gathered by the FTC directly undermine management's claims and prove that a large boiler room operation recently shuttered by the government for a massive alleged fraud was responsible for roughly half of HIIQ's sales. Evidence also suggests that HIIQ policies have been contaminated by insurance fraud and reveal that other HIIQ brokers prey on consumers with falsehoods. Now that multiple state and federal agencies have begun moving against HIIQ's broker network, we believe it is now a question of when, not if, HIIQ's business will implode," the report reads. The short-seller pointed out that earlier this month the FTC "shut down boiler rooms selling HIIQ policies run by Steve Dorfman," alleging they were "permeated by fraud" and selling "worthless plans that left tens of thousands of people uninsured." Soon afterwards, Aurelius Value said, Health Insurance Innovations put out "a misleading press release" suggesting that Dorfman was responsible for less than 10% of the company's business. However, the short-seller believes previously unpublished bank records reveal that Health Insurance Innovations has paid "at least $145M in cash to Dorfman's companies, representing about half of the third-party commissions paid out by HIIQ over this approximate period." "We therefore conclude that Dorfman's alleged fraud has been responsible for as much as half of HIIQ's revenues," the report added. Overall, Aurelius Value sees "enormous downside potential" in the shares. PRICE ACTION: In late morning trading, shares of Health Insurance Innovations have slipped over 5% to $31.33.
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ATRS TEVA | Hot Stocks10:40 EDT Antares says Teva's generic EpiPen now commercially available - Antares Pharma (ATRS) announced that Teva Pharmaceutical Industries (TEVA) generic EpiPen is now commercially available in limited quantities. Teva's generic EpiPen was approved by the FDA on August 16 and is indicated for emergency treatment of severe allergic reactions including those that are life threatening in adults and certain pediatric patients. The product, which utilizes the Antares Pharma VIBEX auto injector, has been approved as therapeutically equivalent and fully substitutable to the EpiPen at the pharmacy. Antares previously entered into an exclusive License, Development and Supply Agreement with Teva for an epinephrine auto injector product to be marketed in the U.S. Pursuant to the agreement, Antares is responsible for supply of the device which will be sold to Teva at cost plus margin. Teva is responsible for commercialization and distribution of the final product for which Antares will receive royalties on net sales.
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BBX BXG | Hot Stocks10:20 EDT Bluegreen Vacations board approves 3M share repurchase program - BBX Capital Corporation (BBX) announced that the board of Bluegreen Vacations Corporation (BXG), which is 90% owned by BBX Capital, has approved a share repurchase program, which authorizes the repurchase of a total of up to 3M shares of the company's common stock at an aggregate cost of no more than $35M. The program authorizes the company, in management's discretion, to repurchase shares from time to time subject to market conditions and other factors.
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TEVA MYL | Hot Stocks10:08 EDT Teva announces release of limited doses of FDA-approved EpiPen generic - Teva Pharmaceutical (TEVA) announced the release of limited doses of the FDA-approved generic version of EpiPen Auto-Injector, 0.3 mg, in the U.S. Teva's generic version of the EpiPen Jr. Auto-Injector, 0.15 mg, and an additional supply of Teva's generic version of the EpiPen Auto-Injector, 0.3 mg is expected in 2019, the company said. The publicly-available Wholesale Acquisition Cost for the product is $300, Teva noted. Branded EpiPen is marketed by Mylan (MYL), which also markets its own generic version.
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CUB | Hot Stocks10:00 EDT Cubic falls -6.8% - Cubic is down -6.8%, or -$4.50 to $61.69.
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CRCM | Hot Stocks10:00 EDT Care.com falls -8.4% - Care.com is down -8.4%, or -$1.52 to $16.66.
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NEW | Hot Stocks10:00 EDT Puxin Limited falls -8.6% - Puxin Limited is down -8.6%, or -53c to $5.62.
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FRO | Hot Stocks10:00 EDT Frontline rises 12.0% - Frontline is up 12.0%, or 77c to $7.13.
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ZYME | Hot Stocks10:00 EDT Zymeworks rises 17.5% - Zymeworks is up 17.5%, or $2.01 to $13.49.
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SAVE | Hot Stocks10:00 EDT Spirit Airlines rises 20.1% - Spirit Airlines is up 20.1%, or $10.24 to $61.23.
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FTEO | Hot Stocks09:50 EDT FRONTEO Inc (ADS) trading resumes
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FTEO | Hot Stocks09:45 EDT FRONTEO Inc (ADS) trading halted, volatility trading pause
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SPCB | Hot Stocks09:42 EDT SuperCom awarded national electronic monitoring project in Europe - SuperCom was awarded a new project with the national government of a European country to deploy its PureSecurity Electronic Monitoring Suite with an emphasis on house arrest. The nationwide program with the Ministry of Justice is set to cover all cases requiring house arrest within the country, with a simultaneous enrollee count starting at over 200. The award was won through a formal bid process, which included system demonstrations to and tests conducted by the contracting authority. The bidding process also included the incumbent and long-term EM vendor for this country for the past 10 years. The project will be billed at a per-unit daily rate, as well as monthly fees for product components, and is expected to start generating steady-state recurring revenues within a few months from project launch. This award will go through the customary standstill waiting period before contract signing is approved and the project is launched. Further information is expected to be provided in subsequent announcements.
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PRPO | Hot Stocks09:41 EDT Precipio's Ice Cold-PCR technology selected by University of Cincinnati - Specialty cancer diagnostics company Precipio announced that its ICE COLD-PCR technology has been selected for a screening study to identify clinically actionable mutations in non-small cell lung cancer at the University of Cincinnati Medical Center. The study will focus on utilizing ICP mutation enrichment along with High Resolution Melt Analysis screening technology to screen actionable mutations in epidermal growth factor receptor for NSCLC. Patients who are found to be EGFR-negative do not need to proceed to confirmatory testing, which uses the attractive unique feature of ICP combined with HRM. Patients who are positive for an EGFR mutation via HRM will then have their ICP-enriched sample tested for two key EGFR resistance mutations: T790M and C797S via real-time PCR. The initial study will include 20 patients with a plan to publish the results in a peer-reviewed journal. Pending the results of this study, the University of Cincinnati Medical Center intends to offer the assays examined in this study in a clinical setting.
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MYND | Hot Stocks09:35 EDT MYnd Analytics awarded subcontract to support suicide prevention for HHS - MYnd Analytics announced that it has been awarded a subcontract to incorporate its PEER report within a project to develop a suicide prevention toolkit, for the U.S. Department of Health and Human Services. George Carpenter, CEO of MYnd stated, "We are honored to be a part of this important project, which involves development of a suicide prevention tool kit for HHS. Importantly, we look forward to leveraging our expertise and the extensive data we have compiled through the PEER registry. By combining artificial intelligence, machine learning and data analytics, we can analyze EEG data to recognize patterns, predict outcomes and personalize medicine, thereby improving patient outcomes and reducing healthcare costs. Multiple studies - including two of our own - have shown a relationship between EEG findings, medication response, and suicidality. We look forward to leveraging this powerful data as part of this new HHS sponsored program."
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BIEL | Hot Stocks09:33 EDT BioElectronics says FDA declines 510(k) submission for ActiPatch - BioElectronics Corporation announced that the U.S. FDA declined the company's 510(k) submission for ActiPatch, intended for seeking expanded over-the-counter indications for the treatment of musculoskeletal pain. In the back pain study that was submitted to the FDA as clinical evidence, the ActiPatch was found to have a significant treatment effect in women, but only a mild treatment effect in men. Since gender differences in treatment effects were not identified in prior ActiPatch clinical studies, the FDA concluded that the clinical evidence in the current 510(k) application was "not substantially equivalent" to the prior evidence. Sree Koneru, VP of Product Development, expressed confidence in the company's strategy, both from a regulatory and marketability perspective. "We are also diligently proceeding with 510(k) applications for US market clearance of postoperative pain and menstrual pain," he added.
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LVS... | Hot Stocks09:33 EDT Nevada reports October statewide gaming win up 7.47% to $1.063B - Nevada's Gaming Control Board reports Las Vegas Strip gaming win was up 12.24% in October to $593.42M. Publicly traded companies in the casino gaming space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
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RHT | Hot Stocks09:30 EDT Red Hat acquires NooBaa, terms not disclosed - Red Hat announced that it has acquired NooBaa, an early stage company developing software for managing data storage services across hybrid and multicloud environments. The addition of NooBaa's data management technology augments Red Hat's existing portfolio of hybrid cloud offerings and helps advance Red Hat's position as a leading provider of open hybrid cloud technologies.
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GPRK | Hot Stocks09:26 EDT GeoPark to acquire Colombia, Chile oil and gas assets from LG International - GeoPark announced an agreement to acquire the LG International Corporation interest in GeoPark's Colombian and Chilean operations and subsidiaries. This acquisition will increase GeoPark's equity interest to 100% in its Colombian and Chilean businesses, which consist of multiple hydrocarbon blocks and associated oil and gas production and reserves, including the Llanos 34 block in Colombia. This acquisition will also help streamline financial, tax, organizational, and cost structures. The acquisition price includes a fixed payment of $81M payable at closing, plus two equal installments of $15M each, to be paid in June 2019 and June 2020, respectively. Additionally, three contingent payments of $5M each could be payable over the next three years, subject to certain production thresholds being exceeded. Closing of this transaction is expected by November 28, 2018.
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EARS | Hot Stocks09:21 EDT Auris Medical says FiveT committs to subscribe for 1.615M common shares - Auris Medical disclosed in a regulatory filing that it entered into a purchase agreement with FiveT Capital, or "FTC," pursuant to which FTC committed to subscribe for 1,615,000 of its common shares for an aggregate price of $865,640.
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KEYW | Hot Stocks09:17 EDT KEYW announces $35M in contract awards to deliver advanced sensors - KEYW announced new awards and additional work to existing contracts of $35M for delivery in the next 12 months to classified customers. One contract has the potential to expand by an additional $15M. Under these contract orders, the company will develop advanced sensor payloads.
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GNUS | Hot Stocks09:15 EDT Genius Brands announces the signing of four new licensing partners - Rainbow Rangers has attracted new licensing partners in Genius Brands ramp up to the 2019 U.S. retail launch of the preschool brand. Genius Brands announced that the company has signed four new licensing partners, including Cra-Z-Art for crafts and activities; Esquire Footwear for shoes and footwear; Integrity Vitamins, for developing a line of chewable, all natural, vegan, gummy vitamins for kids based on the colorful Rainbow Rangers characters; and Townley Girl, for a line of age-appropriate cosmetics and a variety of health and beauty products.
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SAVE... | Hot Stocks09:13 EDT Fly Intel: Pre-market Movers - HIGHER: Spirit Airlines (SAVE), up 12% after increasing Q4 guidance... Loxo Oncology (LOXO), up 1% after the FDA granted accelerated approval to Vitrakvi, or larotrectinib, a treatment for adult and pediatric patients whose cancers have a specific genetic feature... Diamondback Energy (FANG), up 2.5% after being chosen to enter the S&P 500 index... Maxim (MXIM), up 4.5% after being selected to enter the S&P 500 index. UP AFTER EARNINGS: Cracker Barrel (CBRL), up 1%. DOWN AFTER EARNINGS: Hibbett Sports (HIBB), down 5%... Ferroglobe (GSM), down 39%. ALSO LOWER: United Technologies (UTX), down 2% after announcing its intention to split into 3 companies in 2022... Amarin (AMRN), down 8% after its roughly 11M share spot secondary offering priced at $18 per share.
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SQBG DSW | Hot Stocks09:12 EDT Sequential Brands renews partnership with DSW's Camuto Group - Sequential Brands (SQBG) announced that it has signed a long-term licensing partnership renewal with Camuto Group, a footwear and accessory designer and developer. Under the renewed agreement, Camuto Group, which is owned by DSW (DSW), will continue to develop Jessica Simpson's footwear business, which is currently sold at retail stores across the country and online.
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LMT BA | Hot Stocks09:10 EDT Lockheed Martin secures two contracts from Boeing - Lockheed Martin (LMT) secured two contracts from the F-15 prime contractor, Boeing (BA) for the integration and production of Legion Pod. These include a 28-month Engineering and Manufacturing Development, or EMD, contract and a Low-Rate Initial Production, or LRIP, contract to produce 19 systems. Under the EMD contract, Lockheed Martin will integrate, test and qualify Legion Pod for the U.S. Air Force's F-15C fleet. The first EMD units will be available in early 2019.
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AMZN | Hot Stocks09:10 EDT Korean Air Lines moving its infrastructure to AWS - Amazon Web Services, an Amazon.com company, announced that Korean Air Lines is moving its infrastructure to AWS, going all-in on the world's leading cloud and selecting AWS as its standard for machine learning workloads. Korean Air plans to leverage Amazon Simple Storage Services (Amazon S3) and AWS data warehousing and analytics services, such as Amazon Redshift and Amazon Athena, for its data lake project in order to improve business intelligence and gain competitive advantage through data-driven insights. As part of Korean Air's all-in journey to AWS, the airline is migrating production workloads-including its website, loyalty program, flight operations, and other mission critical operations-to AWS and plans to shut down its data centers over the next three years.
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FSNN | Hot Stocks09:09 EDT Fusion awarded $2.3M contract from goods transporter - Fusion has been awarded a $2.3M, three-year cloud communications agreement with a transporter of industrial, commercial and retail goods for over 90 years. The company selected Fusion to consolidate its 350 location communications network, and cited Fusion for its ability to optimize the company's communications platform while reducing costs.
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DELT | Hot Stocks09:08 EDT Delta Technology to launch tea shop chain in China - Delta Technology Holdings announced that it plans to launch a tea shop chain under the brand Mingyuntang in China as part of the Company's efforts to explore new business lines outside of its specialty chemical business. This business will be conducted via the Company's newly formed subsidiary, Shanghai Mingyuntang Tea Limited which controls Hunan Mingyuntang Brand Management Company. Management expects to provide high-quality tea beverages via this new business unit.
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PBF | Hot Stocks09:07 EDT Linde and PBF Energy break ground for new hydrogen plant in Delaware - Linde and PBF Energy jointly announced that the companies and their guests broke ground yesterday for a new hydrogen plant that is being built in Delaware City, DE, in partnership with PBF subsidiary Delaware City Refining Company, or DCRC. Delaware Gov. John Carney; U.S. Senators Tom Carper and Chris Coons; Delaware City Mayor Stanley E. Green; and other dignitaries joined executives from Linde, PBF Energy, and DCRC in the groundbreaking ceremony. Also in attendance were Kevin Herbein, President of United Steelworkers Local 4-898, and James Maravelias, President of the Delaware State AFL-CIO and Delaware Building Trades Council. Investments by Linde and DCRC in this project, which include a 25M standard cubic feet per day hydrogen plant and supporting infrastructure, are expected to exceed $100M. As part of this initiative, Linde will design, build, own and operate the hydrogen plant, which is targeted for start-up during the Q2 of 2020. The hydrogen plant project will generate about 80 to 100 construction jobs at peak workload, seven permanent positions, and 25 to 30 local contractor employees during major turnarounds.
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ALT NEOS | Hot Stocks09:06 EDT Altimmune appoints Vipin Garg CEO - Altimmune (ALT) announced the appointment of Vipin Garg as its president and CEO succeeding Bill Enright, current president and CEO, effective November 30. Garg joins Altimmune with over three decades of experience in the biotechnology and pharmaceutical industries. He has a track record of building and managing both private and publicly traded companies. Before joining Altimmune, he served as president and CEO of Neos Therapeutics (NEOS), where he built a commercial-stage biopharmaceutical company launching three branded therapeutic products including Adzenys XR- ODT and Cotempla XR-ODT the first ever XR-ODT medications for the treatment of ADHD.
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AGS | Hot Stocks09:06 EDT PlayAGS, Relax Gaming announce platform-to-platform agreement - Relax Gaming and AGS announced a monumental reciprocal platform-to-platform agreement. Under the terms of the agreement, Relax Gaming and AGS will become key distribution partners to global operators for each other's game content. Popular products from AGS and its selected partners will be made available to Relax Gaming's growing network of operators, with AGS reciprocating by hosting games from Relax Gaming and its Silver Bullet and Powered By studios. This is a significant development within the platform aggregation industry, in which two highly respected platforms join forces to widen distribution to their operator bases.
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NLSN | Hot Stocks09:05 EDT MBuy renews agreement with Nielsen - MBuy has renewed its agreement with Nielsen for local and national TV measurement. The renewal will provide MBuy with comprehensive access to Nielsen's local currency television ratings data across all Local television markets. The company also expanded the relationship to add access to Nielsen's advertising spend data, Ad Intel, providing the most comprehensive source of ad intelligence data to glean competitive insights in terms of occurrence, spend and ratings data across 23 different media categories.
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PEGA | Hot Stocks09:03 EDT FBI selects Pegasystems to streamline operations across bureau - Pegasystems announced it has been awarded a subscription contract by the Federal Bureau of Investigation Business Process Management Unit. The FBI will deploy a number of Pega-based applications, including human resources, finance, and security applications that improve workflow and automate processes to improve efficiency and meet both immediate and future organizational needs.
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DLR | Hot Stocks09:03 EDT Digital Realty announces agreement with leading global cloud service provider - Digital Realty announced a multi-megawatt, multi-year agreement with a leading global cloud service provider for capacity at its new Digital Osaka 2 Data Centre. The new facility is currently under construction and is scheduled to open in mid-2019, further expanding the Digital Osaka connected campus. The four-story facility will be reinforced with seismic isolation systems, will span over 23,000 square metres, and is expected to deliver up to 28 megawatts of total IT capacity.
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AMZN AMGN | Hot Stocks09:02 EDT Amgen selects AWS for majority of cloud infrastructure - Amazon Web Services (AMZN) announced that Amgen (AMGN) is moving the vast majority of its cloud infrastructure to AWS to accelerate innovation, drive cost efficiencies, and unlock new insights from data to help deliver new treatments to patients with serious illnesses. As the company moves more of its technology infrastructure to AWS, it will aim to develop new cloud-based business applications that leverage the breadth and depth of AWS's services, as well as its unparalleled reliability, agility, and scalability. Amgen uses AWS's breadth of functionality, including compute, storage, database, analytics, and machine learning services, to support the development of new applications and to automate processes in the cloud. Amgen has been working with AWS since 2012 to successfully develop several core applications and to support new high-performance computing workloads.
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DGX | Hot Stocks09:02 EDT Quest Diagnostics to acquire assets of BBPL - Quest Diagnostics announced that it has signed a definitive agreement to acquire the assets of the clinical laboratory services business of Boyce and Bynum Pathology Laboratories, or BBPL. BBPL's anatomic pathology division, Boyce and Bynum Pathology Professional Services, or BBPPS, and long-term care division are not part of the transaction. Through a separate professional services agreement, BBPPS will become the exclusive pathology provider for Quest Diagnostics clients in Missouri and a preferred pathology provider in the greater Midwestern region. The professional services agreement will go into effect at the time the acquisition is completed, which is expected in the Q1 of FY19, subject to customary regulatory reviews. Additional financial terms of the transaction were not disclosed
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GIFI | Hot Stocks08:53 EDT Gulf Island receives award for construction of two 40 vehicle ferries - Gulf Island Fabrication said that it has received a Notification of Award for the construction of two 40 vehicle ferries from the North Carolina Department of Transportation. A formal contract is anticipated to be signed by year end. Revenue backlog and man-hours associated with this project will be reported in connection with the company's filing of its financial results for the fourth quarter 2018.
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SMIT | Hot Stocks08:52 EDT Schmitt Industries Inc CEO to transition out of role amid reorganization - Schmitt Industries Inc announced a strategic reorganization that will position the company to capitalize on the growing SBS balancer business, while streamlining the company and maximizing shareholder value through the disposition of non-core assets. The new Schmitt structure organizes the core SBS balancer business under Donna Witkowski, who is being promoted to SBS president. David Case will transition from CEO and president of Schmitt Industries to serve as special advisor to the board to steward the reorganization through mid-April 2019. All product lines will report to Michael Zapata, the newly appointed executive chairman and president of Schmitt Industries. These changes will take effect December 1.
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SAR | Hot Stocks08:46 EDT Saratoga Investment increases quarterly dividend to 53c per share - Saratoga Investment announced that its board has declared an increased quarterly dividend of 53c per share for the fiscal quarter ended November 30, payable on January 2, 2019, to all stockholders of record at the close of business on December 17. The company paid a quarterly dividend of 52c per share for the quarter ended August 31 and 51c per share for the quarter ended May 31.
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HPE | Hot Stocks08:42 EDT HP Enterprise to acquire BlueData - HP Enterprise announced a definitive agreement to purchase BlueData. The acquisition is expected to close within HPE's Q1 ending January 31, 2019. As the volume of data continues to grow exponentially, companies are increasingly investing in the hardware, software, and services needed to gain actionable insights from it. By 2022, the total addressable market for artificial intelligence/machine learning and big data is expected to grow to approximately $160B. However, not all organizations will have the AI and data literacy skills needed to extract business value and actionable insights from their data, and demand is increasing for faster and more cost-effective solutions that can easily deploy AI/ML and big data analytics. The financial terms of the transaction were not disclosed.
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UTX | Hot Stocks08:41 EDT United Tech says exploring potential divestiture of Chubb Fire & Security unit
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MRSN | Hot Stocks08:40 EDT Mersana Therapeutics appoints Dirk Huebner CMO - Mersana Therapeutics announced the appointment of Dirk Huebner to the position of CMO. Huebner brings to this position 25 years of drug development experience including experience in the development and approval of ADCs. Prior to joining Mersana, Huebner served as VP, head of development, for Boston Biomedical, where he built a robust clinical development team and oversaw the clinical development of several early stage compounds.
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UTX | Hot Stocks08:39 EDT United Tech says antitrust to be 'biggest risk' to Carrier acquisitions in HVAC
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FOMX JAZZ | Hot Stocks08:37 EDT Foamix appoints Matt Wiley CCO - Foamix (FOMX) announced the appointment of Matt Wiley as CCO. In this newly created position, Matt will be responsible for the development and execution of commercial strategies of the company's product portfolio, including the planned launches of FMX101 for acne and FMX103 for rosacea. Wiley joins Foamix with more than 20 years of commercial experience across a broad range of specialty pharmaceutical categories. Prior to joining Foamix, Wiley spent six years at Jazz Pharmaceuticals (JAZZ). Most recently he was VP of marketing and business unit lead for the company's sleep disorder portfolio. During this period, he led the efforts to unlock additional value of the company's largest business unit, including Xyrem, which grew fivefold to over $1B in annual sales.
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CETX | Hot Stocks08:36 EDT Cemtrex provides additional information regarding rights offering - Cemtrex provided more information regarding its upcoming rights offering. "We currently have a backlog of approximately 800 SmartDesks and this offering will provide funds to help fulfill these orders by getting 1500 SmartDesks delivered in our warehouse from our supply chain in the coming weeks," said Saagar Govil, CEO of Cemtrex. "With 1500 SmartDesks on hand, we will also be able to accommodate the requirements of new clients who want be part of our Enterprise sales program and furthermore, we will be able to immediately deliver any new orders, eliminating the wait that customers might face. Once these 1500 SmartDesks are shipped, we will generate revenue of approximately $7.5 million, and with 35% gross margins, a hefty gross profit of $2.6 million. These funds will be reinvested into the production of the next batch of SmartDesks."
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MPVD | Hot Stocks08:34 EDT Mountain Province Diamonds sees FY19 Gahcho Kue Mine carats recovered 6.6M-6.9M - Mountain Province Diamonds provided guidance for FY19 for the Gahcho Kue Mine as well as an update on company's performance in 2018. Highlights include: 3.1M-3.2M ore tonnes processed; 6.6M-6.9M carats recovered; production costs of CA$110-CA$120 per tonne processed; and production costs of CA$50-CA$54 per carat recovered. In addition to the 2019 guidance, the Company also provides a 3-year production outlook for the Gahcho Kue Mine from the updated life of mine plan.
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EVLO MRK | Hot Stocks08:33 EDT Evelo Biosciences, Merck enter collaboration for EDP1503 with Keytruda - Evelo Biosciences (EVLO) announced that it has entered into a clinical trial collaboration agreement with Merck (MRK). The collaboration will evaluate EDP1503 in combination with Keytruda, Merck's anti-PD-1 therapy, in multiple cancer indications. EDP1503 is an orally delivered monoclonal microbial product candidate being developed for the treatment of cancer. The planned Phase 1/2 trial will evaluate the safety, tolerability, immune response markers and overall response rates achieved with EDP1503 in combination with Keytruda in three groups of patients: microsatellite stable colorectal cancer; triple-negative breast cancer; and patients across multiple tumor types who have relapsed on prior PD-1/L1 inhibitor treatment. Evelo expects to commence this clinical trial in the first half of 2019 and plans to enroll up to 120 patients in this non-comparative, single-arm, multicenter clinical study.
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ENV BLK | Hot Stocks08:32 EDT Envestnet, BlackRock enter strategic relationship for investment tech solutions - Envestnet (ENV) and BlackRock (BLK), through its Digital Wealth business, are entering into a strategic relationship to enhance the investment technology solutions they provide to financial advisors and the clients they serve. The two companies will accelerate work to integrate BlackRock Digital Wealth's technologies into Envestnet's platform. In conjunction with the strategic relationship, BlackRock, Inc. will acquire an equity stake in Envestnet of approximately 4.9% by purchasing from Envestnet approximately 2.36M shares of Envestnet common stock for a purchase price of $52.13 per share and an aggregate purchase price of approximately $122.8M. In addition, Envestnet will issue to BlackRock a warrant to purchase approximately 470,000 shares of Envestnet common stock at an exercise price of $65.16 per share, subject to customary anti-dilution adjustments. The Warrant is exercisable at the option of BlackRock for four years from the date of issue. The Company expects the closing of the investment to occur prior to the end of 2018, subject to customary closing conditions, including, among others, obtaining clearance under the Hart-Scott Rodino Antitrust Improvements Act. PJT Partners LP is acting as financial adviser to Envestnet and Mayer Brown LLP is serving as legal counsel. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to BlackRock.
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PRTK | Hot Stocks08:29 EDT Paratek Pharmaceuticals announces first patient dosed in omadacycline study - Paratek Pharmaceuticals announced dosing of the first patient in a Phase 2 study evaluating the potential efficacy and safety of oral and intravenous, or IV, omadacycline for the treatment of acute pyelonephritis, a common subset of complicated urinary tract infections.
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PRGO | Hot Stocks08:28 EDT Perrigo launches AB rated NDA referencing Solaraze Gel - Perrigo announced it has launched its AB rated abbreviated new drug application, or NDA, referencing Solaraze Gel, 3%. Solaraze Gel, 3% is indicated for the topical treatment of actinic keratoses. Annual market sales for Solaraze Gel, 3% for the 12 months ending September 2018 were approximately $31 million as measured by IQVIA.
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CBRL | Hot Stocks08:20 EDT Cracker Barrel up 5% to $183.75 after Q1 results beat estimates
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BSGM | Hot Stocks08:20 EDT BioSig Technologies enters agreement with TCAI for Pure EP studies - BioSig Technologies announced that the company has signed an agreement with Texas Cardiac Arrhythmia Institute, or TCAI, at St. David's Medical Center in Austin, Texas to conduct first-in-human studies using the Pure EP System. These first-in-human studies are aimed at validating the key value proposition elements of the Pure EP System that have already been established in pre-clinical studies and published to date in a number of journals, including the Journal of Innovations in Cardiac Rhythm Management. Collected data and physician experience arising from the first-in-human studies will be documented and presented in the form of publications, clinical abstracts or late-breaking news. Commencement of first-in-human studies is the initial step in the company's targeted commercial launch of its first product, Pure EP System. The Pure EP System is a computerized system intended for acquiring, digitizing, amplifying, filtering, measuring and calculating, displaying, recording and storing of electrocardiographic and intracardiac signals for patients undergoing electrophysiology, or EP, procedures in an EP laboratory. The Pure EP System aims to minimize noise and artifacts, and acquire high-fidelity cardiac signals. Improving fidelity of acquired cardiac signals may potentially increase the diagnostic value of these signals, thereby possibly improving accuracy and efficiency of the EP studies and related procedures.
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SAVE | Hot Stocks08:19 EDT Spirit Airlines sees Q4 capacity up 15% - In a regulatory filing last night, Spirit provided an update to its fourth quarter 2018 guidance, stating that capacity as measured by Available Seat Miles, or ASMs, is expected to be up 15.0% year-over-year.
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UTX | Hot Stocks08:19 EDT United Technologies sees $50B in aerospace sales by 2020
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SAVE | Hot Stocks08:18 EDT Spirit Airlines raises Q4 TRASM growth view to 11% from 6% - In a regulatory filing last night, Spirit provided an update to its fourth quarter 2018 guidance, stating that total revenue per available seat mile, or TRASM, is estimated to be up approximately 11% year-over-year compared to its initial estimate of up about 6% year over year. "The improvement is primarily driven by higher non-ticket revenue and higher load factor expectations. Company initiatives to dynamically price non-ticket items such as seats, bags, and bundled service offerings have ramped faster than expected driving non-ticket revenue. The company's recent network re-alignment, as well as its move to optimize peak and off-peak scheduling, has resulted in higher-than-expected load factors. Finally, the company believes a stronger industry environment, particularly around peak travel periods, is also contributing some portion of the improved revenue outlook. The company has modestly improved its range for fourth quarter cost per available seat mile excluding fuel and now estimates CASM ex-fuel for the fourth quarter 2018 will be up 5.0% to 5.5% year-over-year," Spirit said.
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UTX | Hot Stocks08:16 EDT United Technologies says will focus on deleveraging over buybacks
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AME | Hot Stocks08:16 EDT Ametek completes acquisition of Spectro Scientific - Ametek announced that it has completed the acquisition of Spectro Scientific, a leading provider of machine condition monitoring solutions for critical assets in high-value industrial applications.
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PHAS | Hot Stocks08:15 EDT PhaseBio announces dosing of first patient in PB1046 Phase 2 trial - PhaseBio announced that the first patient in a Phase 2b clinical trial of PB1046 for the treatment of pulmonary arterial hypertension, or PAH, has been dosed by Murali Chakinala. PB1046 is a sustained-release analogue of human vasoactive intestinal peptide, or VIP, fused to PhaseBio's proprietary ELP half-life extension technology. The randomized, double-blinded, parallel-group Phase 2b trial will assess the safety, tolerability and efficacy of PB1046 injected subcutaneously once weekly in approximately 60 PAH patients. The trial will evaluate the effects of PB1046 on pulmonary hemodynamics and exercise tolerance as measured by the six-minute walk test, an important clinical endpoint that the FDA has used as the basis for approval of other PAH drugs.
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UTX | Hot Stocks08:15 EDT United Technologies CFO sees separation costs of $2.5B-$3B - Says smaller M&A to fill in gaps "not out of the question."
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CLGX | Hot Stocks08:13 EDT CoreLogic estimates $15B-$19B in losses from California wildfires - CoreLogicannounced updated residential and commercial loss estimates for the recent catastrophic wildfires in California. According to this new data analysis, total losses from the Camp Fire, the most destructive wildfire in the state's history, are estimated to be between $11B and $13B. Total losses from the Woolsey Fire in Southern California are estimated to be an additional $4B to $6B. The following numbers have been refined in accordance with the latest post-containment perimeter of both the Camp and Woolsey Fires. This analysis of both residential and commercial properties accounts for building, content, and Additional Living Expense, and the estimated losses include fire, smoke, demand surge and debris removal. Fire is covered under a standard homeowners' policy, so the majority of homeowners are likely to have some protection from the financial challenges surrounding recovery.
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WATT DLGNF | Hot Stocks08:13 EDT Energous reports availability of new DA2223 reciver IC for small devices - Energous Corporation (WATT) announced the availability of its DA2223 receiver chip, which is the latest addition to its family of integrated circuits. Energous says, "At just 1.7mm x 1.4mm and less than 0.5mm thin, the DA2223 4-port RF-to-DC wireless power chip is the smallest RF rectifier IC in the Energous technology portfolio." "At just 1.7mm x 1.4mm in size, the DA2223 was designed for very small form factor applications like True-Wireless Stereo earbuds, hearing aids and wearables, which we expect to be a large part of our revenue ramp from 2019," said Stephen R. Rizzone, president and CEO of Energous Corporation. "Partnered with Dialog Semiconductor (DLGNF), we continue to innovate turnkey solutions that increase our competitive separation from older, first generation coil-based solutions. Energous and Dialog are leading the advancement of next generation wireless power technology and paving the way for the global build out of the wireless charging 2.0 ecosystem."
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ALRN PFE | Hot Stocks08:13 EDT Aileron Therapeutics, Pfizer announce collaboration for ALRN-6924, palbociclib - Aileron Therapeutics (ALRN) announced that it has entered into a clinical trial collaboration with Pfizer (PFE) to evaluate the combination of Aileron's ALRN-6924 and Pfizer's palbociclib, also known as Ibrance, in MDM2-amplified cancers. Overexpression of MDM2 in cancer is typically a driver of tumor proliferation. Aileron expects this Phase 1B trial to start enrolling patients with solid tumors in Q1 of 2019. Pfizer will provide drug supply in support of the trial. ALRN-6924 is a stabilized cell-permeating peptide that mimics the p53 tumor suppressor protein to disrupt the interaction with both its endogenous inhibitors, MDMX and MDM2. For p53 wild-type tumors, ALRN-6924 can restore p53-dependent tumor suppression. Palbociclib is an oral inhibitor of cell cycle check-point regulators CDK4/6. The MDM2 and CDK4 genes are located on chromosome 12 in close proximity to one-another, with CDK4 very frequently co-amplified in the MDM2-amplification-positive patients to be enrolled in this trial. This co-amplification further suggests a potential patient benefit from combining the MDM2/MDMX-inhibitor ALRN-6924 with the CDK4/6-inhibitor palbociclib.
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VRTX | Hot Stocks08:12 EDT Vertex says two CF Phase 3 studies met primary endpoints - Vertex Pharmaceuticals announced that treatment with the triple combination of the next-generation corrector VX-659, tezacaftor and ivacaftor resulted in statistically significant improvements in lung function in two Phase 3 studies in people with cystic fibrosis, or CF. Data from a pre-specified interim analysis of the Phase 3 study in people with one F508del mutation and one minimal function mutation showed a mean absolute improvement in ppFEV1 of 14.0 percentage points from baseline at week 4 of treatment compared to placebo. In the Phase 3 study in people with two F508del mutations, the addition of VX-659 in patients already receiving tezacaftor and ivacaftor resulted in a mean absolute improvement in ppFEV1 of 10.0 percentage points from baseline at week 4 of treatment compared to the control group in whom placebo was added to tezacaftor and ivacaftor. The VX-659 triple combination regimen was generally well tolerated, and the safety and efficacy profile from the results released today supports the potential submission of a New Drug Application for the VX-659 triple combination regimen. Vertex also announced that enrollment is complete for the two Phase 3 studies of the triple combination of the next-generation corrector VX-445, tezacaftor and ivacaftor in people with CF with one F508del mutation and one minimal function mutation and in people with two F508del mutations. Vertex remains on track to report topline data from both Phase 3 studies of the VX-445 triple combination regimen in the first quarter of 2019. The data expected in the first quarter of 2019 for VX-445 and the data reported today for VX-659 will enable Vertex to choose the best regimen to submit for potential regulatory approvals globally and will provide the basis for potential submission of an NDA for a triple combination regimen to the FDA no later than mid-2019.
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SPEX | Hot Stocks08:11 EDT Spherix announces funding of study for KPC34 for pancreatic cancer - Spherix announced the funding of a study for KPC34, for pancreatic cancer, specifically pancreatic ductal adenocarcinoma, or PDA. PDA is considered the deadliest of major cancers and patients are in desperate need of improved therapies. Other than lung cancer, PDA is projected to kill more people than any other malignancy by the year 2030. PDA is caused by chronic inflammatory stress associated with the increasingly common afflictions of obesity, type 2 diabetes, and pancreatitis, exacerbated by smoking and drinking. KPC34 is a candidate therapeutic because it is activated preferentially inside tumor cells to release an inhibitor of DNA replication and a separate tumor promotion inhibitor. Annually, more than 350,000 new cases of pancreatic cancer are diagnosed across the world.
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UTX | Hot Stocks08:11 EDT United Tech CEO Hayes says all business units strong, 'no weak sister here' - CEO Greg Hayes says decided on separation after more than a year-long comprehensive evaluation, says considered a wide range of options. Says each business already strong, "no weak sister here that we're worried about going forward." Says Kelly Ortberg to lead Collins Aerospace division. Says Carrier on a "strong" earnings growth trajectory. Comments taken from the company's conference call discussing its plans to split into three independent companies.
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IQV NVO | Hot Stocks08:10 EDT Novo Nordisk selects IQVIA's Orchestrated Customer Engagement platfrom - IQVIA (IQV) announced that Novo Nordisk (NVO) has selected IQVIA's market-leading Orchestrated Customer Engagement platform for deployment across Novo Nordisk International Operations. IQVIA Technologies' OCE for next-generation customer engagement seamlessly connects marketing, sales, medical science liaisons, account management and other functions to enhance the customer experience, strengthen relationships and drive performance. IQVIA customers also benefit from more accurate decision-making through predictive analytics, machine learning and optimized performance. Novo Nordisk plans to switch its existing platforms to OCE in 2019 and beyond for this global rollout, excluding Canada and the U.S., enabling them to streamline processes, further develop customer relationships and better anticipate, and respond to market changes.
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DARE | Hot Stocks08:10 EDT Dare Bioscience reports enrollment in study with Sildenafil cream, 3.6% - Dare Bioscience announced that it is currently enrolling patients in an investigational study designed to evaluate the feasibility of using thermography technology to assess the pharmacodynamics of Sildenafil Cream, 3.6% in normal healthy women. Sildenafil, the active ingredient in Sildenafil Cream, 3.6%, is marketed in an oral dosage form under the brand name Viagra for the treatment of erectile dysfunction in men. Dare Bioscience, in partnership with Strategic Science & Technologies, LLC, is developing Sildenafil Cream, 3.6% as a potential treatment for female sexual arousal disorder. During the thermography study, genital temperature, a surrogate for genital blood flow, will be captured and recorded utilizing an infrared camera capable of detecting heat patterns from blood flow in body tissues. The study consists of the screening visit, the double-blind dosing of placebo or active cream and a safety follow-up. Dare adds, "During the third quarter of 2018, we had a Type C meeting with the FDA regarding the Phase 2b program for Sildenafil Cream, 3.6%. The objective of this meeting was to align with the agency on key aspects of the Phase 2b and the overall clinical program to support the planned New Drug Application, or NDA, including the screening assessments used to accurately diagnose FSAD, the PRO instruments to be used as primary efficacy endpoints for pivotal clinical studies, study duration, and the target patient population to be studied. Based on the outcome of this meeting, in the fourth quarter of 2018, we will commence Phase 2b related activities for Sildenafil Cream, 3.6% with the initiation of a content validity PRO study to demonstrate that the FSAD symptoms we plan to assess in our Phase 2b and our pivotal studies are the most important and relevant to our target patient population and are also acceptable efficacy endpoints for the FDA. After the content validity PRO study is completed and before the Phase 2b at-home trial is initiated, we plan to request another Type C meeting to obtain the FDA's guidance on whether it agrees that the PRO instruments are content valid for the target population."
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WKHS | Hot Stocks08:09 EDT Workhorse Group enters into CRADA with branch of the U.S. Military - Workhorse Group announced that it entered into a CRADA with a branch of the U.S. Military. The CRADA will enable a collaborative R&D program focused on military applications of the Workhorse's SureFly eVTOL personal air vehicle. The Surefly is a two-place hybrid eVTOL multi-copter aircraft developed by Workhorse in Loveland, Ohio.
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PBCT BLMT | Hot Stocks08:08 EDT People's United announces agreement to acquire BSB Bancorp for $327M - People's United Financial (PBCT), the holding company for People's United Bank, announced an agreement to acquire BSB Bancorp (BLMT), the holding company for Belmont Savings Bank, in a 100% stock transaction valued at approximately $327M Completion of the transaction is subject to customary closing conditions, including receipt of regulatory approvals and the approval of BSB Bancorp stockholders. The transaction is valued at $32.42 per BSB Bancorp share, based on the closing price of People's United's common stock on November 26, 2018. The transaction is expected to close by the Q2 of FY19.
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MLNT | Hot Stocks08:08 EDT Melinta Therapeutics granted EU marketing authorization for Vabomere - Melinta Therapeutics announced that the European Commission has approved Vabomere for use in adult patients with complicated intra-abdominal and urinary tract infections, hospital-acquired pneumonia including ventilator associated pneumonia, bacteraemia that occurs in association with any of these infections, and infections due to aerobic gram-negative organisms where treatment options are limited. Marketing authorization was granted in all 28 European Union member states, as well as Norway, Iceland and Liechtenstein. The EC approval follows a positive opinion issued by the Committee for Medicinal Products for Human Use of the European Medicines Agency in September 2018, that was based in part on data from the TANGO clinical program. TANGO-1, a Phase III, multi-center, randomized, double-blind, double-dummy study, evaluated the efficacy, safety and tolerability of Vabomere compared to piperacillin-tazobactam in the treatment of adults with cUTI, including acute pyelonephritis. TANGO-2, a multi-center, randomized, open-label clinical trial, assessed VABOMERE versus "best available therapy" in adults with known or suspected carbapenem-resistant Enterobacteriaceae.
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CBRL | Hot Stocks08:08 EDT Cracker Barrel CEO says 'made progress on improving traffic' - Commenting on the first quarter results, Cracker Barrel President and CEO Sandra Cochran said, "Our teams made progress on improving traffic through a heightened focus on the guest experience, our menu, our everyday value, and the continued expansion of our off-premise business. We delivered positive comparable store sales in both restaurant and retail, and we improved upon our fourth quarter sales trend. I am encouraged by our start to the fiscal year, and we must continue to work hard to drive further traffic improvement."
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PPG | Hot Stocks08:08 EDT PPG, Lomon Billions extend titanium-dioxide supply agreement - PPG and Lomon Billions announced an expanded, multi-year titanium-dioxide supply agreement. Under the agreement, Lomon Billions will supply additional quantities of chloride- and sulfate-based TiO2 to PPG from Lomon Billions' existing manufacturing capacity. In addition, PPG has committed to purchasing additional supplies of chloride-based TiO2 from new manufacturing capacity that is currently being constructed by Lomon Billions and is expected to be on line in 2019. Lomon Billions is one of the world's leading TiO2 suppliers. Commercial terms of the agreement were not disclosed. TiO2 is an important raw material widely used by PPG and other paint and coatings manufacturers as a pigment to provide hiding, durability and whiteness characteristics.
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CBRL | Hot Stocks08:07 EDT Cracker Barrel reports 3% increase in average check in Q1 - Cracker Barrel comparable store restaurant sales increased 1.4%, as a 3.0% increase in average check offset a 1.6% decrease in comparable store restaurant traffic. The average menu price increase for the quarter was approximately 2.0%. Comparable store retail sales increased 4.3% from the prior year quarter.
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APH | Hot Stocks08:07 EDT Amphenol announces agreement to acquire SSI Controls Technologies for $400M - Amphenol announced that it has entered into a definitive agreement to acquire SSI Controls Technologies, the sensor manufacturing division of SSI Technologies, Inc., for approximately $400M plus a performance-related contingent payment. The transaction is subject to certain regulatory approvals and other customary closing conditions and is expected to close by early 2019. SSI is a leading designer and manufacturer of sensors and sensing solutions for the global automotive and industrial markets, with annual sales of approximately $180M. Headquartered in Janesville, Wisconsin, SSI operates manufacturing facilities in Wisconsin, USA, as well as in the Czech Republic, and employs approximately 900 people worldwide.
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LOCO | Hot Stocks08:07 EDT El Pollo Loco appoints Hector Munoz CMO - El Pollo Loco announced the appointment of Hector Munoz as CMO, effective December 3. Munoz brings over 25 years of QSR experience and marketing leadership. Munoz's appointment comes on the heels of the addition of Jennifer Jaffe, El Pollo Loco's first CPO. Munoz was most recently executive VP and global CMO at Church's Chicken, where as a member of the executive team, he led all global marketing efforts for both the Church's Chicken and Texas Chicken brands, with leadership responsibilities for brand strategy and sales development. Under his leadership, Church's Chicken recorded five consecutive quarters of positive global same store sales, the best performance of its kind in more than 10 years. In his role as CMO, Munoz will be responsible for overseeing all marketing and brand strategy functions, including menu and new product development, advertising and PR, digital and social media and consumer engagement for El Pollo Loco's more than 480 company-owned and franchised restaurants.
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MSTR AMZN | Hot Stocks08:06 EDT Spanish brewer taps MicroStrategy, Amazon Alexa to improve operations - MicroStrategy Incorporated (MSTR) announced that Corporacion Hijos de Rivera S.L., producer of Estrella Galicia beer and other leading beverage brands, is piloting a new voice-powered business analytics and artificial intelligence application with Amazon's (AMZN) customizable virtual assistant, Alexa, to simplify decision-making for its employees. With the production of more than 268M liters of beer per year, Hijos de Rivera and its beverage brands are consumed and enjoyed in the Spanish market and across more than 50 countries. In manufacturing, business users regularly find themselves in situations where they're unable to access a report or interpret a data visualization in order to gauge business performance. To address this, Hijos de Rivera's Estrella Galicia business created a voice-activated AI application for its users to glean data from its MicroStrategy analytics platform. By implementing Alexa across the business, Estrella Galicia can drive adoption to more decision makers, who can turn to Alexa for a direct pathway to the data they need. With questions such as, "Alexa, ask MicroStrategy how much Estrella Galicia Sin Gluten we sold in the third quarter?" or "Alexa, ask MicroStrategy what my total revenue for this quarter is?," users can more easily discern opportunities to be explored and make data-driven decisions to accelerate productivity and drive out operational inefficiencies. In the current phase of the MicroStrategy-Alexa roll out, Estrella Galicia senior managers can gain 360-degree views into business performance by uncovering insights on daily sales volume, billing, and pricing across multiple variations of channels, shopping areas, customers, products, or brand data, as well as making comparisons to the prior year's budget. In the next phase, Estrella Galicia plans to extend the application's use to other business areas where information is needed in an agile, accelerated manner. This private skill will then be deployed more broadly once Alexa for Business is available in EMEA.
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IMMP | Hot Stocks08:06 EDT Immutep reports 50% ORR in part B TACTI-mel Phase 1 trial - Immutep announces new data from its ongoing TACTI-mel Phase I clinical trial is being presented at the 4th Annual ICI Europe Summit in Berlin, Germany by Dr. Frederic Triebel, Immutep's Chief Scientific Officer and Chief Medical Officer. The study is evaluating the combination of eftilagimod alpha, Immutep's lead product candidate, in combination with anti-PD-1 therapy KEYTRUDA in 24 patients with unresectable or metastatic melanoma. The multi-center, open-label clinical trial includes four cohorts of six patients each testing different dosages of efti, including 1 milligram, 6 mg and 30 mg, in combination with pembrolizumab. This latest data includes more mature data from the first three cohorts where the combination treatment begins at cycle 5 of pembrolizumab treatment and the first efficacy data from the fourth cohort where the combination treatment is administered to patients from the beginning of cycle 1, day 1 of pembrolizumab treatment. Key findings from part B were as follows: High risk patient population with 100% M1c status, 83 % elevated LDH and 50% ECOG 1; 5 out of 6 patients had at least one CT scan post study start; 1 patient died before first staging; After 3 months, 3 out of 6 patients experienced a partial response, a 50% overall response rate according to immune related response criteria; The current disease control rate for this group is 66%. Key findings from part A were as follows: Long lasting and durable responses continue to be observed in a subset of patients; 13 patients were progression free at 6 months, if calculated from cycle 1, day 1 of pembrolizumab treatment; ORR of 33% was reported according to the protocol when measured from start of combination treatment in patients with suboptimal response to pembrolizumab monotherapy.
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CAMP TEF | Hot Stocks08:06 EDT CalAmp enters into major global supply agreement with Telefonica - CalAmp (CAMP) announced that it has entered into a major global supply agreement with Telefonica (TEF) to provide intelligent telematics devices for fleet and asset management applications in Mexico with anticipated expansion across other Latin American and European markets. Through the partnership, Latin American and European telematics service providers and fleet management customers can take advantage of a simplified integration alternative and flexible financing terms to ease the transition and upgrade to 3G networks.
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CBRL | Hot Stocks08:06 EDT Cracker Barrel declares quarterly dividend of $1.25 per share - The company's Board of Directors declared a quarterly dividend of $1.25 per share on the company's common stock, payable on February 5, 2019 to shareholders of record on January 18, 2019.
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ACN AMZN | Hot Stocks08:05 EDT Accenture selected by ETS to build, migrate, manage cloud environment - ETS has selected Accenture (ACN) to build, migrate, and manage its cloud environment. ETS has partnered with Accenture for its journey to cloud in order to address its digital transformation goals of enabling innovation and driving operational improvements. Specifically, the non-profit organization is now aiming to bolster its mission to help advance quality and equity in education by providing fair and valid assessments, research and related services through increasingly innovative solutions and products. ETS has decided to migrate to Amazon Web Services (AMZN) and entered a multi-year contract with Accenture to provide end-to-end management of its AWS cloud environment. The agreement is to provide ETS with cost optimization and billing management, which is enabled by Accenture's flagship cloud management service Accenture Prime. ETS will use Accenture to procure cloud capacity, manage its migration to the cloud and support its cloud environment.
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ACN AMZN | Hot Stocks08:02 EDT Accenture, Amazon Web Services expand services, resources led by AABG - Accenture (ACN) and Amazon Web Services (AMZN) announced newly expanded services and resources led by the Accenture AWS Business Group to help clients accelerate their pace of innovation. Launched in 2015, the AABG combines the resources, technical capability and industry knowledge of Accenture and AWS to help enterprises unlock innovation, drive business value and support growth through cloud adoption and transformation. The continued investment and expansion of services comes at a time of market disruption for clients demanding deeper capability, established models and methodologies to help scale innovation, and measurable business value. With hundreds of enterprise transformation projects completed, the AABG is now spearheading countless innovation projects powered by new technologies, such as artificial intelligence, machine learning, analytics and cloud native strategies. This disruption calls for more capability to help enterprises combine digital innovation with legacy transformation while adopting established industry platforms. The new innovation accelerator services and dedicated resources consist of: A new Applied Intelligence Studio for AWS in Seattle, where clients can access AI specialists from AWS and Accenture to apply AWS ML services, such as Amazon SageMaker, and integrate leading practices more rapidly for burgeoning innovation projects. The development of LaunchPad, an agile network of Accenture and AWS specialists skilled in strategic AWS services, core to quickly enabling digital transformation beyond traditional cost reductions. Additional tools, templates and leading industry solutions, backed by the collective knowledge of the AABG, to help clients be nimbler and scale services more easily.The creation of Blockchain Express, which is aimed to be a faster, more cost-effective way for AWS clients who are interested in blockchain services to explore the benefits of distributed ledger technologies.
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FORR | Hot Stocks08:02 EDT Forrester signs definitive agreement to acquire SiriusDecisions for $245M - Forrester entered into a definitive agreement to acquire SiriusDecisions, a leading business-to-business research and advisory firm, for $245M in cash, subject to adjustment. The combination of Forrester and SiriusDecisions creates an innovative strategy and operations platform that can help business and technology leaders make the far-reaching changes needed to adapt to a customer-led, disruption-rich market while maximizing performance every day. Forrester works with business and technology leaders to build customer-obsessed strategies. SiriusDecisions focuses on optimizing marketing, sales, and product operations.
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CBRL | Hot Stocks08:01 EDT Cracker Barrel reports Q1 comparable store restaurant sales up 1.4% - Compared to the prior year, comparable restaurant sales increased 1.4% and comparable retail sales increased 4.3%.
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TBPH | Hot Stocks07:57 EDT Theravance begins dosing first subject Phase 1 clinical trial of TD-8236 - Theravance Biopharma announced dosing of the first subject in a Phase 1 clinical trial of TD-8236, a novel, inhaled, lung-selective pan-Janus kinase, or JAK, inhibitor which has demonstrated potency in preclinical assessments. The Company is developing TD-8236 as an investigational compound with the potential to treat a range of serious respiratory diseases. TD-8236 is an internally-discovered JAK inhibitor that has demonstrated a high affinity and selectivity for each of the JAK family enzymes. The Phase 1 trial is a randomized, double-blind, placebo-controlled study consisting of two parts. Part A will evaluate single ascending doses of TD-8236 in healthy subjects, with the primary objective of assessing safety, tolerability and pharmacokinetics in this population.
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CYTK ALPMY | Hot Stocks07:42 EDT Cytokinetics completes enrollment in FORTITUDE-ALS trial - Cytokinetics (CYTK) announced the completion of patient enrollment in FORTITUDE-ALS, the Phase 2 clinical trial designed to assess the change from baseline in the percent predicted slow vital capacity, or SVC, and other measures of skeletal muscle function after 12 weeks of treatment with reldesemtiv. In collaboration with Astellas Pharma (ALPMY), Cytokinetics is developing reldesemtiv, a next-generation fast skeletal muscle troponin activator, as a potential treatment for people living with debilitating diseases and conditions associated with skeletal muscle weakness and/or fatigue.
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CMCM | Hot Stocks07:40 EDT Cheetah Mobile responds to BuzzFeed article - Cheetah Mobile responded to an article issued by BuzzFeed News dated November 26 regarding attribution of app installations. Cheetah Mobile takes the issues raised in the article very seriously. The Company is in communication with all SDK providers to investigate the allegations. The Company is committed to preventing any SDKs integrated in its apps from engaging in inappropriate activities and will suspend the business cooperation with any SDK providers if they are found to be engaging in fraudulent activities.
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EC | Hot Stocks07:38 EDT Ecopetrol announces GEE plans to invest $3.5B-$4B in FY19 - Ecopetrol reports that in 2019 the Ecopetrol Business Group, or GEE expects to invest between $3.5B-$4B, up 16% to 33% over the projected 2018 figure. Brent price is expected to range between $55-$65 per barrel. The net profit breakeven price for 2019 is expected to remain at approximately $36 per barrel, demonstrating the Company's resilience in the face of fluctuations in the price of oil. The plan pursues a return on average capital employed, or ROACE, of over 10%, which will rank Ecopetrol as one of the companies with higher value generation among its peers. In line with the strategic priorities of the GEE, the plan is centered on disciplined growth in the Upstream segment, which accounts for 81% of total expected investment, enabling projected production for 2019 to be between 720,000 and 730,000 barrels of oil equivalent per day and the addition of proven reserves equivalent to 100% of oil and gas production.
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UTX | Hot Stocks07:38 EDT United Technologies sees separation completed in next 18-24 months - Sees $500M+ in run-rate pre-tax cost synergies from Rockwell Collins acquisition by year four. Commenting on the strategic rationale for the separation, United Tech sees greater flexibility for standalone businesses to pursue portfolio enhancing M&A, supported by independent equity currencies. The company is targeting tax-free spinoffs of Carrier and Otis. The separation is expected to be completed in 18-24 months subject to customary conditions. The company sees one-time costs for non-U.S. tax expense, debt financing, operational separation activities and other customary items. Comments taken from a slides presentation ahead of the company's conference call discussing its plans to split into three independent companies.
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ACB | Hot Stocks07:33 EDT Aurora Cannabis completes first shipment to Czech Republic - Aurora Cannabis announced that the company has received an export request, has secured the required export permit and has now completed its first shipment of medical cannabis products to the Czech Republic, making this the 21st country in which the company operates. The initial purchase order was placed by, and products will be shipped to Czech Medical Herbs, a Czech pharmaceutical wholesaler, who will subsequently supply pharmacies throughout the country. Czech Medical Herbs is a distributor of medicinal products with a specialization in Cannabis for medical use and medicinal products based on cannabinoids.
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INCY JNJ | Hot Stocks07:33 EDT Incyte announces departure of chief scientific officer Reid Huber - Incyte (INCY) announced the appointment of Dashyant Dhanak, Ph.D. as EVP and chief scientific officer, effective December 10, 2018. Dr. Dhanak will succeed Dr. Reid Huber, who has been at Incyte since 2002 and is leaving the company to pursue opportunities in the early-stage life sciences community. Dr. Dhanak joins Incyte from Janssen Research & Development (JNJ), where he most recently served as global head, discovery sciences, leading an organization responsible for supporting and enabling the discovery and early development of novel therapeutics.
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ADS | Hot Stocks07:31 EDT Alliance Data to explore strategic alternatives for Epsilon business - Alliance Data Systems announced that it is exploring strategic alternatives for its Epsilon business, including its digital media arm Conversant, a global marketing innovator with $2.2B of revenue for the trailing 12 months ending September 30, 2018. These strategic alternatives include a potential sale of the business. "Under Alliance Data, Epsilon has become a global leader in one-to-one marketing, utilizing the rare combination of scaled SKU-level transactional data, proprietary identity technologies, and proven people-based capabilities across enterprise-grade marketing and digital advertising technologies, all coupled with decades of orchestration expertise," said Ed Heffernan, Alliance Data's president and chief executive officer. "Today's announcement reflects the outcome of a lengthy study into Alliance Data's portfolio of businesses with the objective of unlocking increased value for Alliance Data stockholders. Optimizing Epsilon's unique collection of assets requires growth and capital allocation strategies that differ from those of our Card Services business, and we believe the time is right to explore alternatives for Epsilon under which Epsilon can reach its full potential. Following any potential transaction, we plan to use our improved capital structure to accelerate growth and realign for Alliance Data 2.0."
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CELG BLUE | Hot Stocks07:31 EDT Celgene, Bluebird Bio complete enrollment of KarMMa pivotal study of bb2121 - Celgene (CELG) and bluebird bio (BLUE) announced the completion of enrollment for the KarMMa pivotal study of bb2121, the companies' lead investigational anti-BCMA CAR T cell therapy candidate for patients with relapsed and refractory multiple myeloma. bb2121 is being developed as part of a Co-Development, Co-Promote and Profit Share Agreement between Celgene and bluebird bio. The FDA action date for the bb2121 NDA is anticipated in 2020. bb2121 is currently an investigational therapy; safety and efficacy have not yet been established. bb2121 has not been approved for use by any health authority.
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ASNS | Hot Stocks07:30 EDT Arsanis Inc trading resumes
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AEMD | Hot Stocks07:22 EDT Aethlon receives "Breakthrough Device" designation for Aethlon Hemopurifier - Aethlon Medical announced that it has received a "Breakthrough Device" designation from the FDA to support the advancement of the Aethlon Hemopurifier for the treatment of cancer. The Aethlon Hemopurifier is a first-in-class technology designed for the rapid depletion of cancer-promoting exosomes and life-threatening viruses. FDA's Breakthrough Device program was established under the 21st Century Cures Act to facilitate more rapid patient access to breakthrough technologies with the potential to address life threatening disease conditions for which no approved or cleared treatment alternatives exist.
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SRRK | Hot Stocks07:20 EDT Scholar Rock publishes data on inhibiting myostatin activation in models of SMA - Scholar Rock announced the publication, "Specific Inhibition of Myostatin Activation is Beneficial in Mouse Models of SMA Therapy" in the peer-reviewed journal Human Molecular Genetics. The publication details preclinical studies demonstrating that a highly specific inhibitor of myostatin activation effectively increased muscle mass and function in mouse models of Spinal Muscular Atrophy, or SMA. In addition, despite baseline serum levels of inactive latent myostatin being lower in the SMA mice than in mice without disease, successful target engagement was observed as evidenced by increased levels of latent myostatin in serum following treatment. Together, the results support the potential for myostatin blockade as a therapeutic strategy to address motor functional deficits in SMA.
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BYSI | Hot Stocks07:16 EDT BeyondSpring announces new patent for methods to prevent CIN from JPO - BeyondSpring announced that the Japan Patent Office, or JPO has granted the company a new patent for certain methods of preventing chemotherapy-induced neutropenia, or CIN, with BeyondSpring's lead asset, Plinabulin, a marine-derived small-molecule, in combination with taxane. The patent covers methods for Plinabulin's use in treating or reducing the incidence of grade 3 or 4 CIN in patients who are being treated with taxane, including instances where the taxane is docetaxel, with patent protection until 2033 in Japan. Lan Huang, BeyondSpring co-founder and CEO, is the author of this newly granted patent. This same patent has been applied in 17 jurisdictions globally, including the U.S., EU and China.
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HIBB | Hot Stocks07:14 EDT Hibbett Sports down 9.4% after Q3 results miss estimates, FY19 guidance cut - In pre-market trading, shares are down 9.4% to $16.27.
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TNXP | Hot Stocks07:12 EDT Tonix Pharmaceuticals announces 1-for-10 reverse stock split - Tonix Pharmaceuticals announced that it will effect a 1-for-10 reverse stock split of its outstanding common stock. This will be effective for trading purposes as of the commencement of trading on November 28. The reverse stock split was previously approved by the board of Tonix in accordance with Nevada law, under which no stockholder approval is required, and is intended to increase the per share trading price of Tonix's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The Nasdaq Global Market. Tonix's common stock will continue to trade on the Nasdaq Global Market under the same symbol As a result of the reverse stock split, every ten pre-split shares of common stock outstanding will become one share of common stock. The reverse stock split will also proportionately reduce the number of shares of authorized common stock from 150M to 15M shares. The reverse split will also apply to common stock issuable upon the exercise of Tonix's outstanding warrants and stock options.
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ASNS | Hot Stocks07:10 EDT Arsanis CEO Rene Russo resigns, Michael Gray named successor - Arsanis announced that Michael Gray has been appointed to the position of president and CEO, effectively immediately. Gray will also join the Arsanis board and will continue to serve in his existing role as CFO. Gray succeeds Rene Russo, who has resigned as president and CEO to pursue other opportunities. Russo will remain on the Arsanis board.
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AQUA | Hot Stocks07:09 EDT Evoqua Water reports Q4 EPS (3c), may not compare to consensus 15c - Reports Q4 revenue $366.3M, consensus $362.62M. Net loss for Q4 includes $0.8M of non-cash foreign currency loss from intra-company loans, versus a prior year fourth quarter non-cash foreign currency gain of $5.7M.
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OPB | Hot Stocks07:09 EDT Opus Bank announces resignation of president, CEO Stephen Gordon - Opus Bank announced that Paul Greig, who has served as chairman of the Opus Bank Board of Directors since January 2018, has been appointed interim president and CEO, effective November 26, 2018. Greig succeeds Stephen Gordon, who resigned as president and CEO of Opus Bank and as a member of Opus Bank's Board of Directors, effective the same date. Greig will continue as chairman of the Board. The Opus Bank Board of Directors has retained Korn Ferry, a leading executive search firm, to begin immediately the process of identifying a permanent CEO. Greig joined Opus Bank's Board of Directors in April 2017 and was appointed Lead Independent Director in May 2017 before becoming chairman. He has decades of leadership experience with significant operational and financial expertise, most recently serving as chairman, president and CEO of FirstMerit Corporation.
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ASNS | Hot Stocks07:07 EDT Arsanis subsidiary to merge with X4 Pharmaceuticals in all-stock transaction - Arsanis and privately-held X4 Pharmaceuticals announced that they have entered into a definitive merger agreement under which X4 Pharmaceuticals is expected to merge with a wholly-owned subsidiary of Arsanis in an all-stock transaction. The merger would result in a combined company operating under the X4 Pharmaceuticals name that will focus on the development and commercialization of X4's lead product candidate, X4P-001, and the advancement of X4's pipeline of treatments for rare diseases of the immune system and rare cancers. X4 Pharmaceuticals is a privately-held biopharmaceutical company developing oral, small molecule drug candidates that inhibit the binding of chemokine CXCL12 to C-X-C receptor type 4, or CXCR4, a receptor-ligand pair that plays an essential role in normal immune surveillance. X4's lead product candidate, X4P-001, is expected to enter a Phase 3 clinical trial in the first half of 2019 for the potential treatment of Warts, Hypogammaglobulinemia, Immunodeficiency, and Myelokathexis syndrome, a rare genetic, primary immunodeficiency disease where patients become susceptible to certain types of viral and bacterial infections due to genetic mutations in the CXCR4 receptor gene. X4 also has additional rare disease programs based on CXCR4 biology in its development pipeline, including programs targeting other primary immunodeficiency diseases and rare lymphomas. In addition, X4 is exploring the use of X4P-001 in immuno-oncology, having completed Phase 1b studies for the treatment of melanoma and renal cell carcinoma, or RCC, including in combination therapy, and has an ongoing Phase 2a study in RCC expected to read out in mid-2019. On a pro forma basis and based upon the number of Arsanis shares to be issued in the merger, current X4 Pharmaceuticals stockholders are expected to own approximately 70% of the combined company and current Arsanis stockholders are expected to own approximately 30% of the combined company. The actual allocation will be subject to adjustment based on each company's outstanding equity ownership and Arsanis' net cash balance at the time of closing of the merger. The transaction has been approved by the board of directors of both companies. The merger is currently expected to close in Q1 of 2019, subject to the approval of the stockholders of each company and the satisfaction or waiver of other customary conditions.
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RCKT | Hot Stocks07:06 EDT Rocket Pharmaceuticals receives FDA RMAT, Fast Track designations for RP-L102 - Rocket Pharmaceuticals announces that the U.S. Food and Drug Administration has granted Regenerative Medicine Advanced Therapy and Fast Track designations to RP-L102, the company's lentiviral vector-based gene therapy for the treatment of Fanconi Anemia. RMAT designation was granted based on the positive efficacy and safety results from the ongoing Phase 1/2 clinical trial of RP-L102 being conducted in Europe. Rocket plans to initiate a clinical trial of RP-L102 for FA in early 2019 utilizing no conditioning and "Process B" which incorporates higher cell doses, transduction enhancers, and commercial-grade vector manufacturing and cell processing. The global trial is expected to enroll approximately 12 FA patients at the Center for Definitive and Curative Medicine at Stanford University School of Medicine, Hospital Nino Jesus/CIEMAT, and other leading centers in the U.S. and in the EU.
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QUAD | Hot Stocks07:05 EDT Quad/Graphics announces planned acquisition of creative agency Periscope - Quad/Graphics announced that it is redefining the future of integrated marketing with its planned acquisition of Periscope, one of the nation's top five independent creative agencies by annual revenue. The business combination will create a highly efficient global platform for creating marketing campaigns and programs - from strategy and creative through execution - across all media channels. The transaction has been approved by both companies' boards of directors and is expected to close in early 2019. Under terms of the agreement, Quad/Graphics will purchase Periscope for $132.5M.
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RHHBY | Hot Stocks07:05 EDT Roche announces global launch of VENTANA pan-TRK Assay - Roche announced the global launch of the VENTANA pan-TRK Assay, the first automated in vitro diagnostic immunohistochemistry assay to detect tropomyosin receptor kinase proteins in cancer.
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CEVA | Hot Stocks07:05 EDT Ceva's RivieraWaves Bluetooth IP selected by Sonova - CEVA announced that Sonova Holding has licensed and deployed CEVA's RivieraWaves Bluetooth IP in its latest SWORD 3.0 wireless chip for hearing aids and other smart hearing devices. SWORD 3.0 is the world's first and only hearing aid radio chip to fully support direct binaural streaming of audio content and phone calls from billions of Bluetooth enabled devices.
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EVGN | Hot Stocks07:05 EDT Evogene's insect control genes show effectiveness against insects in testing - Evogene announced that an external laboratory and in-house testing had confirmed that leading Evogene insect control genes demonstrated efficacy against insects with resistance to current commercial insect control products, including fall armyworm and diamondback moth. These results indicate that Evogene has identified new Modes-of-Action for insect control. The genes were identified and predicted by Evogene's in silico CPB platform to provide high insecticidal activity through new MoAs. These genes have previously met efficacy criteria presenting high insecticidal activity, achieving the first milestone and leading to phase advancement. Today's announcement focuses on achieving the second milestone, a new MoA. Currently these genes are going through transformation to corn and soybean with greenhouse results expected in 2019 against relevant major pests.
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AXSM | Hot Stocks07:03 EDT Axsome Therapeutics expands loan agreement with Silicon Valley Bank - Axsome Therapeutics announced that its existing term loan facility agreement with Silicon Valley Bank has been amended to provide an additional $4M growth capital loan, related to Axsome's narcolepsy clinical program with AXS-12. This additional capital is available to be drawn, at Axsome's option, subject to the achievement of positive results from the Company's upcoming Phase 2 trial of AXS-12 in narcolepsy sufficient to proceed to a Phase 3 trial. The financial terms for this additional growth capital are more favorable than those of the original term loan. All other terms and conditions from the original term loan agreement remain in place. The additional $4M growth capital loan must be drawn by May 31, 2019 and will bear interest at an annual rate equal to the greater of the prime rate plus 2.00%, or 7.25%, if drawn. Axsome issued warrants to purchase 63,000 shares of Axsome common stock concurrent with the signing of this amendment, of which 15,750 are earned immediately. The warrants to purchase the remaining 47,250 shares of Axsome common stock will be earned upon the funding of the additional growth capital loan.
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HMTV | Hot Stocks07:03 EDT Hemisphere Media completes acquisition of 75% equity interest in Snap Global - Hemisphere Media Group has finalized the acquisition of a 75% equity interest in Snap Global, a leading independent distributor of content in Latin America to broadcast, pay TV and OTT platforms. Ariel Tobi, founder of Snap TV, joined Hemisphere as the Senior Vice President of Content Distribution and Production. In his role, Tobi will oversee content licensing and the expansion of Hemisphere's content distribution business. While Tobi has relocated to Miami, FL, a small operation will remain in Buenos Aires.
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PTE | Hot Stocks07:03 EDT PolarityTE names Matt Kemp as Chief Commercial Officer - PolarityTE announced the appointment of Matt Kemp as Chief Commercial Officer. MKemp will be integral in leading efforts as SkinTE moves toward a full national launch and in bringing other PolarityTE pipeline technologies and core "TE" products to market worldwide. Kemp most recently served as Chief Commercial Officer at Dendreon Pharmaceuticals.
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CGC | Hot Stocks07:02 EDT Battelle, Canopy Growth announce strategic collaboration for cannabis research - Battelle and Canopy Growth Corporation announced the completion of multiple fully legal cannabis imports from Canada to the United States. Battelle and Canopy Growth will work together to advance knowledge surrounding cannabis in support of medical research and novel product development. Canopy Growth and Battelle completed the rigorous federal approval process required to import cannabis products into the United States and since October 9th, the organizations have completed four product transfers to Battelle's secure research facilities pursuant to United States Drug Enforcement Agency approvals. For decades, Battelle scientists have been developing methods for testing a variety of controlled substances as well as employing analytical chemistry services for government and private industry. Notably, product transfers have consisted of a variety of cannabis form factors, including dried cannabis and Canopy Growth's precisely dosed Softgel capsules. With a DEA Schedule I Researcher License and product obtained from the National Institute on Drug Abuse drug supply program, that is fully legal at the local, state and federal level, Battelle is already conducting research and development studies involving human subjects and smoking behavior at an East Coast research center. Additional areas of research will now begin in earnest to build a robust knowledge base surrounding Canopy Growth's suite of cannabis products.
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MRKR | Hot Stocks07:02 EDT Marker Therapeutics names Anthony Kim as CFO - Marker Therapeutics announced the appointment of Anthony Kim as its new CFO. Michael Loiacono, who has served as the company's CFO and Chief Accounting Officer since August 2016, will continue in his role as Marker's Chief Accounting Officer. Prior to joining Marker Therapeutics, Kim was an Executive Director in the Healthcare Group at Nomura Securities International.
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MDR | Hot Stocks07:02 EDT McDermott announces conctract from Shell Exploration at Great White Frio - McDermott International announced a sizeable contract from Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell, for new subsea umbilical and flowline installation at the Great White Frio development in Alaminos Canyon Block 857 in the U.S. Gulf of Mexico. McDermott's scope of work includes project management and engineering; installation of a flexible flowline from the well to a pipeline end termination; installation of one 2,000-foot-long steel flying lead; and installation of two electrical flying leads (EFLs) in a water depth of 8,000 feet. Project management and engineering are scheduled to be performed in Houston, Texas, with offshore installation by McDermott targeted for completion in mid-2019. The contract award will be reflected in McDermott's Q4 backlog. McDermott defines a sizeable contract between $1M and $50M.
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ASNS | Hot Stocks06:57 EDT Arsanis Inc trading halted, news pending
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ALC NVS | Hot Stocks06:56 EDT Alcon sees dividend in 2020, bolt-on acquisitions after Novartis spinoff - Alcon, the eye car division of Novartis (NVS), expects to pay a dividend to shareholders starting in 2020, following its planned spinoff from the Swiss drug company next year, the company said ahead of its first Capital Markets Day. Additionally, the eye car unit plans to focus on "bolt-on" acquisitions to help increase core operating margins to the mid-20% range by 2023. If the transaction proceeds, shares in Alcon Inc. will be listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE) under the ticker symbol "ALC". Post-spinoff, Alcon is targeting an investment grade credit rating and will have a financial framework focused on sales growth, operational excellence and free cash flow generation. Completion of the planned spinoff is subject to general market conditions, receipt of necessary authorizations, tax rulings and opinions, final endorsement by the Board of Directors of Novartis and shareholder approval at the Novartis annual shareholder meeting on February 28, 2019. If approvals are secured and conditions are met, the spinoff is expected to be completed in the first half of 2019.
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PARR | Hot Stocks06:54 EDT Par Pacific to acquire U.S. Oil & Refining for $358M - Par Pacific announced that it has signed a definitive agreement to acquire U.S. Oil & Refining and certain affiliated entities, a privately-held downstream business, for $358M plus net working capital. The acquisition includes a 42,000 bpd refinery, a marine terminal, a unit train-capable rail loading terminal, and 2.9 MMbbls of refined product and crude oil storage. The refinery and associated logistics system are located in Tacoma, Washington and currently serve the Pacific Northwest market. U.S. Oil's refinery is located on 139 acres of fee-owned land near Tacoma, WA. The 42,000 bpd refinery can optimize its crude slate based on market conditions; currently, discounted Bakken and Cold Lake crude represent over 95% of its current crude slate. U.S. Oil's logistics assets include 2.9 MMbbls of storage capacity, a proprietary 14-mile jet fuel pipeline, a marine terminal with 15 acres of waterfront property, a unit train rail facility with 107 unloading spots and a truck rack with six truck lanes and 10 loading arms. These assets provide connectivity to Bakken, Canadian and Alaskan crude and Pacific, West Coast, Pacific Northwest and Rockies product markets. Under the terms of the agreement, Par Pacific will purchase 100% of the equity interests of U.S. Oil for total consideration of $358M plus net working capital. For the twelve months ended September 30, U.S. Oil generated adjusted EBITDA of approximately $86M. Par Pacific estimates that annual operational and cost synergies of $7.5M-$12.5M will result from the transaction.The transaction is expected to be funded with proceeds from a $225M secured term loan and $150M of equity financing. The transaction is expected to close in January 2019 and is subject to customary closing conditions.
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EGRX | Hot Stocks06:51 EDT Eagle announces results of POC study with Total-Body Radiation Animal Model - Eagle Pharmaceuticals announced positive results of a proof-of-concept, or POC, study in a Total-Body Radiation Animal Model. The objective of the study was to evaluate the efficacy of intravenous administration of RYANODEX to prevent or mitigate Acute Radiation Syndrome, or ARS, in a total body irradiated C57BL/6 male mouse hematopoietic model. Animals in each treatment group received a well-characterized, high-dose of radiation to their whole body and also received randomly-assigned RYANODEX in different treatment modalities. In this study, the RYANODEX treatment group had overall less mortality post-treatment than non-treated animals with ARS. Additional details will be provided when available.
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DPW | Hot Stocks06:35 EDT DPW Holdings to pursue spinoff of Super Crypto Mining through special dividend - DPW Holdings announced that its Board of Directors, at a meeting on Friday, November 23, 2018, has authorized the officers of DPW to pursue a spinoff of DPW's wholly-owned subsidiary Super Crypto Mining. The company's action demonstrates its confidence in the long-term viability of crypto-mining and the cryptocurrency marketplace and endeavors to provide Super Crypto's management team the tools and independence necessary to achieve and surpass its goals in 2019 and beyond. The Company intends to declare a distribution of shares of common stock of Super Crypto to the stockholders of DPW, with the date of the distribution to be determined once a registration statement on Form 10 has been declared effective by the SEC and the information statement has been mailed to DPW's stockholders.
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ZYME BGNE | Hot Stocks06:33 EDT Zymeworks, BeiGene announce license and collaboration agreement - Zymeworks (ZYME) and BeiGene (BGNE) announced that the two companies have entered into a strategic collaboration for the clinical development and commercialization of Zymeworks' investigational ZW25 and ZW49 HER2-targeted bispecific antibodies. In addition, Zymeworks granted BeiGene a license to Zymeworks' proprietary Azymetric and EFECT platforms to develop and commercialize globally up to three other bispecific antibodies using the platforms. Under the terms of the license and collaboration agreements for ZW25 and ZW49, Zymeworks has granted BeiGene exclusive rights to develop and commercialize Zymeworks' clinical-stage bispecific antibody candidate ZW25 and its preclinical-stage bispecific antibody drug conjugate ZW49 in Asia (excluding Japan), Australia, and New Zealand. BeiGene will be responsible for all clinical development and regulatory submissions in the licensed territories. The companies also plan to collaborate on global development of ZW25 and ZW49 in HER2-expressing solid tumors, including gastric and breast cancer, with BeiGene enrolling patients and contributing clinical trial data from the licensed territories. Zymeworks retains full rights to both ZW25 and ZW49 outside of the specified countries and will continue to lead global development of these drug candidates. In addition to the license and collaboration agreements for ZW25 and ZW49, Zymeworks and BeiGene entered into a separate research and license agreement for Zymeworks' proprietary Azymetric and EFECT platforms, under which BeiGene will have global rights to research, develop and commercialize up to three bispecific antibody therapeutics directed to targets selected by BeiGene. BeiGene will be responsible for all research, development, and commercial activities under this agreement. Under the terms of the license and collaboration agreements for ZW49 and ZW25, Zymeworks will receive total upfront payments of $40M and is eligible to receive up to $390M in development and commercial milestone payments for both product candidates. In addition, Zymeworks will be eligible to receive tiered royalties on future sales of ZW25 and ZW49 in the licensed territory. Under the terms of the research and license agreement for the Azymetric and EFECT platforms, Zymeworks will receive an upfront payment of $20M and is eligible to receive up to an aggregate of $702M in development and commercial milestone payments for up to three bispecific product candidates developed under the agreement. In addition, Zymeworks will be eligible to receive tiered royalties on future global sales of bispecific products developed by BeiGene under the agreement.
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MITK | Hot Stocks06:24 EDT Mitek Systems CFO Davison rescinds resignation, board accepts - Mitek Systems disclosed yesterday morning that Jeffrey Davison notified the company of his decision to rescind his resignation as Chief Financial Officer. "The Board has considered and accepted the rescission of Mr. Davison's resignation and Mr. Davison will continue to serve as the Company's Chief Financial Officer under the previously existing offer letter and executive severance and change of control plan that were described in the Company's Definitive Proxy Statement for its Annual Meeting of Stockholders," Mitek explained. As previously announced, on August 23, Davison tendered his resignation as CFO, effective November 30.
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BNS | Hot Stocks06:19 EDT Scotiabank's Caribbean subsidiaries to enter into distribution agreement - Scotiabank announced agreements with respect to certain of its Caribbean operations, as part of its strategy to focus the Bank's efforts on its core markets with significant scale. As part of this strategy, Scotiabank's subsidiaries in Jamaica and Trinidad & Tobago announced that they will enter into a 20-year distribution agreement with Sagicor Financial through which an enhanced suite of market-leading insurance products and solutions, underwritten by Sagicor, will be offered to Scotiabank customers in Jamaica and Trinidad & Tobago. As part of this partnership, Scotiabank Jamaica and Scotiabank Trinidad & Tobago have entered into agreements to sell their respective insurance subsidiaries: Scotia Jamaica Life Insurance Company and ScotiaLife Trinidad and Tobago Limited to Sagicor.
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AMZN | Hot Stocks05:51 EDT Amazon veteran Jason Warnick joins Robinhood as CFO - Stock-trading startup Robinhood announced in a blog post that Amazon veteran Jason Warnick is joining the company as its CFO. "In his role, Jason will oversee finance, accounting, treasury, and related functions, and his experience building a customer-centric company will be critical as we scale and expand to new financial verticals. He's joining us next week, reporting to Co-Founder and Co-CEO Vlad Tenev." Warnick was most recently VP of Finance and Chief of Staff to Amazon's CFO. At Amazon, he oversaw the Benchmarking, Internal Audit, Investor Relations, Risk Management, and Compliance teams.
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FB | Hot Stocks05:48 EDT WhatsApp's Chief Business Officer Neeraj Arora to leave company - Neeraj Arora, WhatsApp's Chief Business Officer and one of the company's first employees, announced in a Facebook post that he is leaving the company. Arora said: "It is time to move on, but I cannot be more proud of how WhatsApp continues to touch people in so many different ways every day. I am confident that WhatsApp will continue to be the simple, secure & trusted communication product for years to come. I'm going to be taking some time off to recharge and spend time with family. I am deeply indebted to Jan and Brian, who entrusted me to be their business companion for so many years and I am thankful to each one of you who has supported me along the way and made this exciting journey possible." Reference Link
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UBER | Hot Stocks05:43 EDT British, Dutch regulators fine Uber over data protection failings - Britain's Information Commissioner's Office has fined ride sharing company Uber GBP 385,000 for failing to protect customers' personal information during a cyber attack. A series of avoidable data security flaws allowed the personal details of around 2.7M UK customers to be accessed and downloaded by attackers from a cloud-based storage system operated by Uber's US parent company. This included full names, email addresses and phone numbers. The ICO investigation found 'credential stuffing', a process by which compromised username and password pairs are injected into websites until they are matched to an existing account, was used to gain access to Uber's data storage. The data protection authority for the Netherlands, the Autoriteit Persoonsgegevens, has also issued a fine to Uber under its own pre-GDPR legislation. The Dutch regulator was the lead member of an international task force which included the ICO and which co-operated in investigating the effects of the incident in their respective jurisdictions. Reference Link
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AMZN | Hot Stocks05:38 EDT Amazon says Cyber Monday was single biggest shopping day in company history - Amazon announced that Cyber Monday was once again the single biggest shopping day in the company's history with more products ordered worldwide than any other day. Additionally, the Turkey 5, those five popular shopping days starting with Thanksgiving and continuing through Cyber Monday, broke records as customers in the U.S. purchased millions more products over the five day period vs. the same period last year. In fact, Amazon customers worldwide ordered more than 18 million toys and more than 13 million fashion items on Black Friday and Cyber Monday, combined. Sales by small and medium-sized businesses worldwide grew more than 20 percent on Black Friday year-over-year. Throughout the Turkey 5, Amazon.com customers ordered more than 180 million items. Prime members got into the Christmas spirit over the holiday weekend-Christmas lights were a bestseller on Prime Now. The best-selling products at Amazon 4-star and Amazon Books over the Turkey 5 weekend included the all-new Echo Dot, Becoming by Michelle Obama, the Amazon Smart Plug, and the L.O.L. Surprise Series toys. The best-selling products at Amazon Pop-Up device kiosks over the Turkey 5 weekend included the all-new Echo Dot and the Amazon Smart Plug. Customers ordered more than four million toys and electronics on the mobile app on Black Friday. The best-selling products across Amazon.com on Cyber Monday included the all-new Echo Dot, AncestryDNA: Genetic Testing Ethnicity, Bose QuietComfort 25 Acoustic Noise Cancelling Headphones for Apple devices, Becoming by Michelle Obama, Jenga, and Instant Pot DUO60 - 6 Quart.
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NVS | Hot Stocks05:21 EDT Sandoz receives eighth EC approval for biosimilar with Ziextenzo - Sandoz, a Novartis division, announced that the European Commission granted marketing authorization for biosimilar Ziextenzo. Ziextenzo is indicated to reduce the duration of neutropenia and incidence of febrile neutropenia in adult patients treated with cytotoxic chemotherapy for malignancy with the exception of chronic myeloid leukemia and myelodysplastic syndromes. These indications match those of the reference medicine.
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EBAY... | Hot Stocks05:11 EDT Cyber Monday broke online sales record with $7.9B - Adobe released its 2018 online shopping data for Cyber Monday and the holiday week overall. Cyber Monday is projected to hit $7.9 billion by the end of the day, making it the largest online shopping day of all time in the U.S. This represents a 19.7 percent increase year-over-year as of 7:00 p.m. ET. In comparison, Thanksgiving Day and Black Friday brought in $3.7 billion and $6.2 billion in revenue, respectively. Saturday and Sunday, November 24 and 25, set a new record as the biggest online shopping weekend in the U.S. growing faster than Black Friday and Cyber Monday with more than 25 percent on each day. The full season thus far drove $58.5 billion in online sales, a 19.9 percent increase, with every day generating over $1 billion. Buy Online, Pickup In-Store, or BOPIS, over the weekend saw a record 50 percent increase year-over-year. As the online and offline retail experience continues to blend, retailers with physical stores drove 28 percent higher conversions online. Top sellers on Cyber Monday included the Nintendo Switch, Little Live Pets, Red Dead Redemption 2, LG TVs, drones, Dell laptops, FurReal Pets and Amazon Echo devices. Revenue from smartphones will hit $2.1 billion on Cyber Monday, making it the highest ever at 48.1 percent growth YoY, while smartphone traffic share grew 16 percent. Mobile overall represented 51.4 percent of site visits and 34 percent of revenue, making it the first Cyber Monday where more than half of visits came from mobile. Publicly traded companies in the space include Amazon.com (AMZN), Overstock.com (OSTK) eBay (EBAY), Best Buy (BBY), Walmart (WMT) and Target (TGT).
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