Stockwinners Market Radar for June 25, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

18:55 EDT Kinder Morgan says 'very pleased' with Travis County District Court ruling - Kinder Morgan issued the following statement after the Travis County District Court dismissed all claims made against the Permian Highway Pipeline Project. "Kinder Morgan is very pleased with the ruling made by the Travis County District Court," said Tom Martin, president of Natural Gas Pipelines for KMI. "The court's finding validates the process established in Texas for the development of natural gas utility projects, as well as the steps we have taken to comply with that process. We will continue to engage all stakeholders as we work to complete PHP." The eminent domain process ensures that no single landowner can block critical infrastructure necessary to moving the energy needed to heat and cool homes, schools, businesses and public buildings in Texas -- while providing substantial local and state revenues.

18:03 EDT FedEx says U.S. government placing burden on carriers with regulations - Says lawsuit over regulations holding companies like FedEx accountable for illegal shipments without "any evidence." Says government is placing a burden on the common carrier with such regulations.

17:58 EDT FedEx says loss of Amazon sales to be near term headwind

17:51 EDT FedEx says has made no pricing changes - Says business realignment activities are expected to benefit FY20 by roughly $240M. Sees achieving cost savings goal with less severance than expected.

17:43 EDT FedEx says global trade picture 'less than ideal' - Says "all-in" on e-commerce. Sees FedEx Ground becoming the biggest low-cost delivery provider in the future. Sees rise of short haul from retail stores to homes. Says global trade picture "less than ideal." Says implementing initiatives to improve cost to serve in e-commerce.

17:37 EDT FedEx says intends to substantially grow e-commerce business - Sees FedEx Freight will increase earnings and margins going forward. Sees FedEx Ground increasing margins in 2020. Says global trade disputes create uncertainty for Express business. Says intends to substantially grow e-commerce business. Says short haul package delivery will become increasingly important going forward. Comments taken from Q4 earnings conference call.

17:32 EDT TechnipFMC confirms settlement with U.S., Brazilian enforcement authorities - TechnipFMC has agreed to resolutions with the U.S. Department of Justice, the U.S. SEC Staff and the Brazilian authorities, the Comptroller General of Brazil, and the Attorney General of Brazil to resolve anti-corruption investigations in Brazil and relating to the intermediary, Unaoil. The company has agreed to pay a total of $301.3M to these authorities to resolve investigations into conduct dating back over a decade ago. TechnipFMC fully cooperated with these authorities, and this is the first simultaneous resolution to include all U.S. and Brazilian authorities. TechnipFMC will not be required to have a monitor and will, instead, provide reports on its anti-corruption program to the Brazilian and U.S. authorities for two and three years, respectively. As part of this resolution, TechnipFMC entered into a three-year Deferred Prosecution Agreement with the DOJ related to charges of conspiracy to violate the Foreign Corrupt Practices Act related to conduct in Brazil and with Unaoil. In addition, Technip USA, Inc., a U.S. subsidiary, pled guilty to one count of conspiracy to violate the FCPA related to conduct in Brazil. The company will also provide the DOJ reports on its anti-corruption program during the term of the DPA. In Brazil, TechnipFMC subsidiaries Technip Brasil - Engenharia, Instalacoes E Apoio Maritimo Ltda. and Flexibras Tubos Flexiveis Ltda. entered into leniency agreements with both the MPF and the CGU/AGU related to conduct in Brazil dating back over a decade ago. The company has committed, as part of those agreements, to make certain enhancements to their compliance programs in Brazil during a two-year self-reporting period, which aligns with its commitment to cooperation and transparency with the compliance community in Brazil and globally. Additionally, TechnipFMC has reached an agreement in principle with the SEC Staff, subject to final SEC approval. As previously disclosed, TechnipFMC has also been cooperating with an investigation by the French Parquet National Financier related to historical projects in Equatorial Guinea and Ghana. To date, this investigation has not reached resolution. TechnipFMC remains committed to finding a resolution with the PNF and will maintain a $70M provision related to this investigation.

17:11 EDT Orrstown Financial names Thomas Brugger EVP and CFO - Orrstown Financial Services announced that Thomas R. Brugger will join the company and the Bank as Executive Vice President and Chief Financial Officer effective July 15. Mr. Brugger will be responsible for the Company's financial plans, policies, and financial compliance. Brugger graduated with a degree in accounting from the Pennsylvania State University and has more than 19 years of banking experience. Most recently, Mr. Brugger served as the Chief Financial Officer of Sun National Bank and, prior to his approximately six year tenure at Sun National, served as CFO of Customers Bank, following 15 years as EVP/Corporate Treasurer of Sovereign Bank. Thomas R. Quinn, Jr., President & CEO, commented, "We are pleased to welcome Tom to the organization. His broad banking and financial experience at diverse and complex organizations will be invaluable as we continue to execute our strategic growth plans."

17:05 EDT AIT Therapeutics plans to file PMA submission with FDA for PPHN with AirNOvent - On track to file a premarket approval submission with the FDA in the third quarter of calendar 2019 for the treatment of persistent pulmonary hypertension of the newborn with the AirNOvent.

16:42 EDT AeroVironment down 9.5% to $55.50 after Q4 results, FY20 guidance - The midpoint of the company's FY20 profit guidance fell short of analysts' estimates.

16:37 EDT Kraft Heinz accelerates new CEO start date to June 25 - In a regulatory filing, the company said, "As previously announced on April 17, 2019, The Kraft Heinz Company's Board of Directors approved the appointment of Miguel Patricio as Chief Executive Officer of Kraft Heinz. On June 20, 2019, Kraft Heinz decided to accelerate Mr. Patricio's start date to June 25, 2019 due to the upcoming July 4th holiday in the United States. As part of various organizational changes approved by the Board, in addition to his role as the global CEO, Mr. Patricio will assume the role of U.S. Zone President on an interim basis, and Paulo Basilio, who currently serves as U.S. Zone President of Kraft Heinz, will assume the new role of Chief Business Planning and Development Officer, effective July 1, 2019. Also, effective July 1, 2019, Rafael Oliveira, who currently serves as the Zone President of Europe, Middle East and Africa segment of Kraft Heinz, will assume the new role of International Zone President of Kraft Heinz."

16:31 EDT Durect receives approval to transfer to Nasdaq Capital Market - Durect Corporation announced that it received approval from the Listing Qualifications Department of The Nasdaq Stock Market to transfer the listing of the company's common stock from the Nasdaq Global Market to the Nasdaq Capital Market, effective June 27. The company has also been granted an additional 180-day grace period, or until December 23, to regain compliance with Nasdaq's minimum bid price requirement. The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, and listed companies must meet certain financial requirements and comply with Nasdaq's corporate governance requirements. The company's common stock will continue to trade under the symbol "DRRX."

16:27 EDT Synnex up 4% to $95.98 after Q2 results beat estimates - The midpoint of the company's Q3 guidance also topped estimates.

16:25 EDT Investor group responds to Texas Pacific Land Trust proposal - SoftVest, Horizon Kinetics and ART-FGT Family Partners, the Investor Group which collectively beneficially owns over 25% of the outstanding shares of Texas Pacific Land Trust, announced that Murray Stahl, Chairman of Horizon Kinetics, has sent a letter to David Barry and John Norris in response to the Trust's formation of a "Conversion Exploration Committee" to evaluate a conversion of the Trust into a C-corporation. Letter began "Thank you for your proposal. Some months ago, when we began the process to elect Eric Oliver as the Trust's third trustee, it never occurred to us that on the eve of the election you would attempt to cancel the shareholders' vote and sue us. In doing so, you made the choice to move the contest to the courtroom, a forum that you selected, and the nature of which requires some time to make the appropriate response. Yet, now that we are engaged with you in the legal process, you wish to shift to the mechanism of a Committee to explore the topic of corporate governance." At the end letter included "We propose, then, the following: send a list of shareholders to all of the other shareholders, so that they may engage with one another on this important topic and other matters critical to the future of TPL. This will allow them to properly prepare for any future votes and interaction with the Trustees. For there is nothing secret about corporate governance; it is based on transparency, and we ourselves have no monopoly on the topic or its practice."

16:19 EDT CNO Financial upgraded by S&P and Fitch - Two ratings agencies, S&P and Fitch recently upgraded the credit ratings of CNO Financial Group. With these two upgrades, CNO Financial is now rated investment grade by all four leading ratings agencies - A.M. Best, Moody's, Fitch and S&P. On June 21, S&P Global Ratings raised CNO's senior unsecured debt rating to 'BBB-' from 'BB+' and the financial strength rating of the company's operating subsidiaries to 'A-' from 'BBB+'. The rating outlook is stable. On June 14, Fitch Ratings upgraded CNO's senior unsecured debt rating to 'BBB-' from 'BB+' and the financial strength rating of the company's operating subsidiaries to 'A-' from 'BBB+'. The rating outlook is also stable. On October 4, 2018, Moody's Investors Service upgraded CNO's senior unsecured debt rating to 'Baa3' from 'Ba1' and the financial strength rating of the company's operating subsidiaries to 'A3' from 'Baa1'. The rating outlook is also stable.

16:17 EDT Synnex CEO says 'both business segments exceeded expectations' in Q2 - "We delivered strong results in our second quarter as both of our business segments exceeded expectations and set quarterly records," said Dennis Polk, SYNNEX President and CEO. "Our Concentrix business continued its momentum post the Convergys acquisition by delivering solid results, while executing ahead of schedule on our integration plan."

16:15 EDT Apple Hospitality REIT names Rachael Rothman CFO - Apple Hospitality REIT announced the appointment of Rachael Rothman to the position of Executive Vice President and Chief Financial Officer for the company, effective July 1, 2019. Rothman will succeed Bryan Peery as Executive Vice President and Chief Financial Officer. As previously announced, Peery plans to retire from the company in the first quarter of 2020. Peery will continue as Executive Vice President and, effective July 1, 2019, will become Chief Accounting Officer for the company.

16:10 EDT Micron plans reduction in CapEx in FY20 - "Micron's improved competitive position and strong execution helped us deliver solid results despite a challenging environment," said Micron Technology President and CEO Sanjay Mehrotra. "While we are seeing early signs of demand improvement, we plan to reduce our capital expenditures in fiscal 2020 to help improve industry supply-demand balance."

16:09 EDT Second Sight reports 'positive' results from Orion feasibility study - Second Sight Medical Products announced that 12-month results from the company's Early Feasibility Study of the Orion Visual Cortical Prosthesis System will be presented today at the World Society for Stereotactic and Functional Neurosurgery Annual Meeting in New York City. On both the primary and secondary outcome measures, latest results at 12 months have been positive. The study's principal investigators, Nader Pouratian, MD, Ph.D. of Ronald Reagan UCLA Medical Center, and Daniel Yoshor, MD of Baylor College of Medicine, are presenting the topline data. Orion is a breakthrough technology intended to provide useful artificial vision to individuals who are blind due to a wide range of causes, including glaucoma, diabetic retinopathy, optic nerve injury or disease, and eye injury. Orion converts images captured by a miniature video camera mounted on glasses into a series of small electrical pulses transmitted wirelessly to electrodes implanted directly on the visual cortex of the individual subject's brain. "We are pleased with the continued favorable progress being made in the Orion Early Feasibility Study among the six study participants. The first four subjects have now reached 12 months post-implant, and participants appear to be making steady improvements in their ability to perform everyday tasks and successfully meet the study's functional vision endpoint goals. It is also encouraging to see that when compared with similar Argus II feasibility study results at the 12-month mark, the Orion study participants are doing as well as or better than Argus II participants in most measurements, such as the Functional Low-Vision Observer Rated Assessment (FLORA). We look forward to continued collaboration with our study investigators and to advancing our Orion technology platform," said Will McGuire, President and Chief Executive Officer of Second Sight.

16:06 EDT PDL BioPharma announces resignation of CFO Peter Garcia - PDL BioPharma announced the resignation of CFO, Peter Garcia, who will be leaving the Company effective August 15. He will continue in his role through the filing of the Company's Q2 10-Q in August and is committed to ensure a smooth transition of duties. The Company is retaining an executive search firm to lead the search for his replacement.

16:00 EDT Coty names Sophie Hanrot chief HR officer - Coty announced the appointment of Sophie Hanrot as Chief Human Resources Officer, effective July 1, 2019. Sophie will serve as a member of the Coty Executive Committee and report to Coty's CEO Pierre Laubies. Sophie succeeds Sebastien Froidefond who will be leaving Coty for personal reasons.

15:37 EDT Sanderson Farms sees civil plaintiffs' claims as 'wholly without merit'

15:09 EDT Wayfair slides as workers plan walkout over furniture sale to migrant camps - Shares of Wayfair (W) are under pressure on Tuesday after workers reportedly plan walkout over furniture sales to migrant camps. This comes after employees at the company learned last week that a $200,000 order of bedroom furniture had been placed by BCFS, a government contractor that has been operating camps at the border, according to a media report. WORKERS PLAN WALKOUT: Workers at Wayfair said that they would stage a walkout at the online housewares giant's Back Bay offices Wednesday to protest the company's decision to sell furniture to operators of facilities for migrant children detained at the southern U.S. border, Janelle Nanos of the Boston Globe reported. Employees at the company learned last week that a $200,000 order of bedroom furniture had been placed by BCFS, a government contractor that has been operating camps at the border, Nanos said, citing a Wayfair employee. "We were disheartened and concerned about Wayfair's business" with BCFS, the employee said. "Over the last two days it has come to our attention that Wayfair has again engaged in B2B sales with BCFS, a non-profit government contractor managing camps for migrants at our Southern border," a group of 50 employees said in a letter sent to Wayfair's executive leadership. "This particular order, for over $200,000 worth of bedroom furniture, is destined for Carrizo Springs, Texas, to a facility that will be outfitted to detain up to 3,000 migrant children seeking legal asylum in the United States. The practice of detaining children and adults at our Southern border has been condemned since its inception but since the acceleration of the practice in 2018, and the increase in death and injury that has come with that acceleration, we have seen more vocal condemnation of the practice. We, the undersigned, are writing to you from a place of concern and anger about the atrocities being committed at our Southern border." In a tweet, House Representative Alexandria Ocasio-Cortez commented on the planned walkout saying that, "Wayfair workers couldn't stomach they were making beds to cage children. They asked the company to stop. CEO said no. Tomorrow, they're walking out. This is what solidarity looks like - a reminder that everyday people have real power, as long as we're brave enough to use it." PRICE ACTION: In afternoon trading, shares of Wayfair have dropped almost 5% to $145.39.

14:38 EDT BAE Systems announces award of $67M contract modification from Marines - BAE Systems announced along with teammate Iveco Defence Vehicles that they have been awarded a $67M contract modification by the U.S. Marine Corps to develop new variants for the Amphibious Combat Vehicle Family of Vehicles program for enhancing battlefield situational awareness and firepower.

14:31 EDT Fed Chair Powell reemphasized its independence from political pressure - At the Council on Foreign Relations, Fed Chair Jerome Powell said :"The Fed is insulated from short-term political pressures - what is often referred to as our 'independence. During our public review, we are seeking perspectives from people across the nation, and we are doing so through open public meetings live-streamed on the internet. Let me share some of the thinking behind this review, which is the first of its nature we have undertaken. The Fed is insulated from short-term political pressures-what is often referred to as our "independence." Congress chose to insulate the Fed this way because it had seen the damage that often arises when policy bends to short-term political interests. Central banks in major democracies around the world have similar independence." Reference Link

13:25 EDT DoD: TransDigm 'negotiating excessive profits' on contracts for spare parts - The Department of Defense Inspector General said in a statement that it found that TransDigm and its subsidiaries are "engaging in a pervasive strategy of negotiating excessive profits on contracts with the Department for spare parts." It said the report found that TransDigm is the only manufacturer of the majority of the spare parts the IG included in its review, putting TransDigm "either in a sole source position or in a situation where it had the opportunity to set the market prices even for competitively awarded parts." Kim Herrington, Acting Principal Director, Defense Pricing and Contracting, said that "for all procurement actions not yet awarded, unless the prices agreed upon are based on adequate price competition or are set by law or regulation, contracting officers are directed to require the submission of uncertified cost or pricing data to support prices proposed by TransDigm." Reference Link

12:33 EDT Senator Markey urges FTC to require added children's safeguards at YouTube - Senator Edward J. Marke, a member of the Commerce, Science, and Transportation Committee, sent a letter to the Federal Trade Commission expressing concern that YouTube has violated the Children's Online Privacy Protection Act. Following media reports that the FTC is investigating YouTube for its collection of children's data, Senator Markey is urging the Commission to include a series of new privacy safeguards that YouTube should implement as part of any potential consent decree stemming from a Commission investigation. These safeguards include deleting all data under Google's control collected from children under 13, instituting mechanisms to identify on an ongoing basis any YouTube users under 13, and prohibiting Google from launching any new child-directed product or service in the future until the product or service has been reviewed and approved by an independent panel of experts, including child development and privacy experts, to be appointed by the FTC. Senator Markey also called on the FTC to require Google to sponsor a consumer education campaign warning parents that no one under the age of 13 should use YouTube, as well as to establish a fund to produce and amplify noncommercial, quality content for children. "Companies of all types have strong business incentives to gather and monetize information about children," writes Senator Markey."Personal information about a child can be leveraged to hook consumers for years to come, so it is incumbent upon the FTC to enforce federal law and act as a check against the ever increasing appetite for children's data." Reference Link

12:19 EDT Mitsubishi Motors North America relocating U.S. headquarters to Tennessee - Mitsubishi Motors North America announced that it will relocate its headquarters from Cypress, California, to Franklin, Tennessee, a suburb of Nashville. Mitsubishi said in a statement that the move is part of an ongoing plan to "reinvent every aspect of Mitsubishi Motors in the U.S., from corporate leadership to dealer partners to every touchpoint in a customer's relationship with their vehicle, and will sharpen the company's focus on future growth and innovation." This move will begin in August, and be completed by the end of 2019. There are nearly 200 people working in MMNA's Cypress office. All corporate departments will be relocating, including sales, marketing, IT, human resources, communications, parts and service, product planning, dealer operations, finance and legal. Additionally, 25 employees representing the company's Western Region operations will move to new offices elsewhere in Orange County, California. No other Mitsubishi Motors facilities in the U.S. are affected, including Mitsubishi Research and Development North America's R&D operations in Ann Arbor, Michigan and MRDA government relations operations in Washington, D.C.

12:00 EDT Regis falls -6.4% - Regis is down -6.4%, or -$1.14 to $16.62.

12:00 EDT AbbVie falls -15.1% - AbbVie is down -15.1%, or -$11.81 to $66.64.

12:00 EDT Pyxus rises 23.0% - Pyxus is up 23.0%, or $3.09 to $16.52.

11:34 EDT Lennar remains confident in reaching FY19 home delivery target of 50,000 homes - Expects margins to increase in Q3 and Q4. Management said 75% of Texas land will be for entry-level communities. Management said more entry-level sales will drive down average prices. Management said land entitlement is taking longer and driving costs higher. Management sees FY19 deliveries of 50,500-51,000 homes with an average price of $400,000. Stuart Miller, Executive Chairman of Lennar, said the housing market is improving.

10:00 EDT PPDAI Group falls -7.4% - PPDAI Group is down -7.4%, or -32c to $4.00.

10:00 EDT AbbVie falls -14.8% - AbbVie is down -14.8%, or -$11.59 to $66.86.

10:00 EDT Allergan rises 27.4% - Allergan is up 27.4%, or $35.48 to $165.05.

09:49 EDT InterContinental, Sands China extend partnership - InterContinental (IHG) and Sands China (SCHYY) announced that The Venetian Macao and The Parisian Macao will become InterContinental Alliance Resorts beginning today. In addition, The Londoner Hotel in Macao will join the alliance when it opens in 2020 following the renovation of the current Holiday Inn Macao Cotai Central. IHG and The Venetian Resort Las Vegas also announced the long-term extension of their alliance. The partnership extends through to 2027 at all five properties, the companies said.

09:47 EDT Pyxus rises 26.5% - Pyxus is up 26.5%, or $3.56 to $16.99.

09:31 EDT AbbVie says looked at Allergan deal for over a year - Says: Highly unlikely to see a biosimilar to Botox... Plans to invest heavily in Botox business... Comfortable with opioid litigation risk... Has very large early to mid-stage pipeline of drugs... Will continue to look for innovative products... Humira paying for replacement products... Does not anticipate any issues with FTC process... Expects strong, growing dividend... Breakup fee is 1% on their side, 2% on our side... Merger has been a very cooperative process... Does not view transaction as having high level of integration risk... 50% of synergies to come from R&D... Has built in modest assumptions on Allergan's pipeline... The transaction is not highly dependent on pipeline. Comments from AbbVie, Allergan acquisition conference call.

09:10 EDT Payment Data Systems to change name to Usio - Payment Data Systems announced that the company has changed the name of the organization from Payment Data Systems to Usio. In conjunction with the name change, the company will also change its common stock ticker from (PYDS) to (USIO). The new symbol will be effective on July 1, when the company is scheduled to ring the Nasdaq closing bell.

09:05 EDT American Electric Tech. receives $725,000 distribution from Bomay joint venture - American Electric Tech. announced that it has received a distribution of $725,000 from its Chinese joint venture, Bomay, in which the company owns a 40% interest. The distribution resulted from the earnings of Bomay for the fiscal year ended December 31, 2018. Last year, Bomay received new orders for 40 control systems to be delivered for new Chinese domestic drilling rigs in 2019.

08:50 EDT AbbVie says Allergan acquisition a 'transformative' transaction - Says: Allergan acquisition will have "profound impact" on AbbVie's growth story... Highly confident in Allergan's competitive position... Sees high single-digit growth for combined company over next decade... Deal is immediately accretive upon close... Cash flow significantly enhanced by merger... Transaction is financially compelling for all shareholders. Comments from AbbVie, Allergan acquisition conference call.

08:43 EDT Teladoc names Mala Murthy CFO - Teladoc (TDOC) announced that it has named Mala Murthy as CFO. Joining most recently from American Express (AXP), Murthy brings a track record across a set of public companies and industries. Most recently, Murthy was CFO of the global commercial services segment of American Express, with responsibility for all aspects of financial management, including financial planning and analysis, M&A and investment and operating expense management.

08:39 EDT Marrone Bio receives notice of allowance from USPTO for Grandevo WDG patent - Marrone Bio has received a notice of allowance from the U.S. Patent and Trademark Office, or USPTO, for key claims covering the composition and method of manufacturing for Grandevo WDG, an MBI developed microbial-based bioinsecticide.

08:36 EDT ANI Pharmaceuticals launches Ranitidine Capsules - ANI Pharmaceuticals announced the launch of Ranitidine Capsules, 150mg and 300mg. The current annual U.S. market for this product is approximately $40M, according to Iqvia/IMS Health.

08:35 EDT Wingstop relocates corporate headquarters, acquires office building for $18.3M - Wingstop announced it will relocate its corporate headquarters to Addison, Texas, just north of Dallas, and has signed an agreement to acquire a 78,000 square foot office building for $18.3M. Completed in 2010, this thoughtfully designed facility offers an attractive layout with increased open areas, as well as designated space for innovation and kitchen testing to support the company's next phase of growth. The office is a three-story, modern corporate office building that will be occupied solely by Wingstop, allowing for increased flexibility and scalability as compared to the company's current multi-tenant building format. The design consists of a combination of open office areas, common spaces, conference rooms, training facilities and a fitness center. The new facility will also house the company's global test kitchen, innovation center and a mock Wingstop restaurant.

08:33 EDT Velan Capital urges Progenics' stockholders to vote against re-election - Velan Capital, one of the largest stockholders of Progenics Pharmaceuticals, announced that it has issued a presentation to Progenics stockholders following various false and misleading statements made by the Company in its June 20th and June 24th presentations, urging stockholders to remain focused on the real issues facing the Company. The attempt by the Progenics Board of Directors to distort the truth and avoid accountability at all costs prove the Board's only defense is distraction and misdirection; the performance of the Company under the incumbent Board speaks for itself. The removal of Crowley and Kishbauch will implement much needed accountability and allow two new directors to more properly evaluate management and have a better chance of putting the Company on the right track. As long as such individuals bring appropriate alignment and expertise, we believe that stockholders and patients would be experiencing an upgrade. The Company's slogan is "Find, Fight, and Follow" - we urge stockholders to "Find" the status quo unacceptable, "Fight" years of value destruction and squandered opportunities, and "Follow" our call to action by voting AGAINST the re-election of Crowley and Kishbauch on the GREEN proxy card.

08:27 EDT Kandi Technologies joint venture receives $127.7M subsidy payment from China - Kandi Technologies announced that Kandi Electric Vehicles, a joint venture between Kandi and Geely Group has received a national subsidy payment of approximately $127.7M from the Chinese government for sales of new energy vehicles consisting of approximately $108.3M for pure energy vehicle sales during 2015 and 2016, and approximately$19.4M for partial EV sales in 2017.

08:25 EDT Amarantus Bioscience to establish hemp-based JV with The Alchemist's Kitchen - Amarantus Bioscience announced that it has entered into a letter of intent, or LOI, with The Alchemist's Kitchen, a plant-based wellness company marketing the Plant Alchemy brand of health and wellness products, to establish a joint venture, or JV, for commercialization of hemp based herbal smokable products in addition to conducting research for cannabinoid derived addiction treatment, including smoking cessation and other indications such as insomnia. The initial equity ownership of Evolver Herbal Smokes will be 19.99% for Amarantus, and 80.01% for The Alchemist's Kitchen and/or its affiliates. Amarantus will have the right to acquire the remaining 80.01% equity of Evolver Herbal Smokes in conjunction with the listing of its common shares onto a national stock exchange. Under the terms of the agreement, The Alchemist's Kitchen's 'Plant Alchemy' brand, an ultra-premium brand of health & wellness products that include federally legal hemp derived cannabidiol, or CBD, products, will be the brand used for the products produced from the joint venture. The Alchemist's Kitchen is currently selling Plant Alchemy hemp-based smokable products out of their storefront in the Lower East Side in Manhattan, New York, and will contribute that currently selling Plant Alchemy smokable product line to the JV. Amarantus will contribute capital to the JV, will deploy its clinical development expertise and work closely with The Alchemist's Kitchen to conduct clinical research on the use of the Herbal Smokes.

08:10 EDT Bombardier to sell Canadair regional jet program to MHI for $550M - Mitsubishi Heavy Industries, or MHI, and Bombardier announced they have entered into a definitive agreement, whereby MHI will acquire Bombardier's regional jet program for a cash consideration of $550M, payable to Bombardier upon closing, and the assumption by MHI of liabilities amounting to approximately $200M. Under the agreement, Bombardier's net beneficial interest in the Regional Aircraft Securitization Program, which is valued at approximately $180M, will be transferred to MHI. Pursuant to the agreement, MHI will acquire the maintenance, support, refurbishment, marketing and sales activities for the Canadair regional jet, or CRJ, Series aircraft, including the related services and support network located in Montreal, Quebec, and Toronto, Ontario, and its service centers located in Bridgeport, West Virginia, and Tucson, Arizona, as well as the type certificates. This acquisition is complementary to MHI's existing commercial aircraft business, in particular the development, production, sales and support of the Mitsubishi SpaceJet commercial aircraft family. The maintenance and engineering capabilities of the CRJ program will further enhance critical customer support functions, a strategic business area for MHI in the pursuit of future growth. The CRJ production facility in Mirabel, Quebec will remain with Bombardier. Bombardier will continue to supply components and spare parts and will assemble the current CRJ backlog on behalf of MHI. CRJ production is expected to conclude in the second half of 2020, following the delivery of the current backlog of aircraft. Bombardier will also retain certain liabilities representing a portion of the credit and residual value guarantees totaling approximately $400M. This amount is fixed and not subject to future changes in aircraft value, and payable by Bombardier over the next four years. The transaction is currently expected to close during the first half of 2020 and remains subject to regulatory approvals and customary closing conditions.

08:08 EDT Axcelis awarded first order for new Purion XE Power Series implanter - Axcelis Technologies announced that it has received the first order for the new Purion XE Power Series implanter from a leading power device manufacturer. The new Purion XE product line extension will be used in high volume production of power devices supporting automotive, mobile and the IoT market spaces. The system is scheduled to ship in the Q3. The Purion XE Power Series utilizes Axcelis' innovative solution for high temperature silicon carbide processing, which provides the capability to process 150mm SiC substrates to temperatures up to 700 degrees C.

08:06 EDT ViaSat and Teledyne Controls announce partnership - Viasat (VSAT) and Teledyne Controls announced a partnership to bring real-time connected flight deck services to commercial airlines. Designed for Viasat in-flight connectivity customers, this partnership allows commercial airlines to decrease operational costs by eliminating expensive manual data off-loading processes; make better use of data mid-flight with improved data analysis and relevancy; and reduce data loss through preventative maintenance and the immediate access of flight deck information. Teledyne Controls is a wholly owned subsidiary of Teledyne Technologies (TDY).

08:04 EDT Cambrex appoints Dottie Donnelly-Brienza CHRO - Cambrex (CBM) announced that Dottie Donnelly-Brienza has been appointed senior VP and CHRO. In this new role, she will have global responsibility for the company's human resources function and will join the company's executive management team. Brienza has over 20 years' HR experience in the life sciences sector, and joins Cambrex from Cantel Medical (CMD) where she was most recently CHRO.

07:55 EDT Akorn trading resumes

07:45 EDT Powerbridge launches blockchain cross border compliance platform - Powerbridge announced the launch of Powerbridge blockchain cross border compliance platform at Nanning Customs, as part of the National Customs cross border technology innovation initiatives. Nanning Customs manages and regulates 26 cross border ports and marketplaces along China's southwestern border spanning 497 miles with neighboring Southeast Asian countries. Powerbridge blockchain cross border compliance platform is provided as blockchain-as-a-service to Nanning Customs starting with designated and limited use cases. The blockchain technology-enabled compliance applications and services are designed to allow the customs agency to increase the effectiveness of risk assessments and interventions in monitoring and controlling the flow of goods, documents and vendors for cross border trade events and transactions, with an enhanced level of regulatory information transparency and synchronization among customs agencies and other government authorities.

07:38 EDT Akorn receives warning letter from FDA for New Jersey facility inspection - Akorn announced that it received a warning letter from the FDA related to the inspection of its Somerset, New Jersey manufacturing facility in July and August of 2018. Akorn is committed to quality and compliance, and will continue to work with the FDA to resolve all issues addressed in the warning letter. The company will respond to the FDA letter within the required 15 working days from receipt of the letter.

07:31 EDT BioPharmX announces results from Phase 2b clinical trial of BPX-041 - BioPharmX announced positive results from its Phase 2b clinical trial of BPX-041, a novel topical gel formulation of fully solubilized minocycline for the treatment of moderate-to-severe papulopustular rosacea. BPX-04, a 1% minocycline gel, successfully met both the primary and secondary endpoints of the trial in demonstrating a statistically significant mean change in the number of facial inflammatory lesions and a two-grade improvement to clear or almost clear on the Investigator's Global Assessment, or IGA, scale from baseline to week 12.

07:30 EDT Aldeyra trading resumes

07:20 EDT Anavex announces first patient dosed in Rett syndrome extension study - Anavex announced that the first patient, who completed the Phase 2 clinical trial ANAVEX2-73-RS-001 voluntarily moved into the extension study and was dosed in the extension study for the treatment of Rett syndrome. The open label, 12 week extension study is designed to evaluate long term safety, tolerability and the effect of ANAVEX2-73 on Rett syndrome patients following the completion of the Phase 2 study.

07:12 EDT Arvinas announces FDA clearance of ARV-471 IND - Arvinas announced that the FDA has cleared the company's investigational new drug application, or IND, for ARV-471, an oral estrogen receptor, or ER, Protac protein degrader, designed to selectively target ER for the treatment of patients with locally advanced or metastatic ER positive / HER2 negative breast cancer. Arvinas expects to initiate a Phase 1 clinical trial for ARV-471 in Q3. ARV-471 is a Protac protein degrader specifically designed to target and degrade ER. The Phase 1 trial will assess the safety, tolerability and pharmacokinetics of ARV-471, and will also include measures of anti-tumor activity and pharmacodynamic readouts as secondary endpoints.

07:05 EDT Intec Pharma publishes results from Phase 2 clinical study of AP-CD/LD - Intec Pharma announces that results from an earlier Phase 2 clinical study of the Accordion Pill-Carbidopa/Levodopa, or AP-CD/LD, in Parkinson's disease, or PD, patients were published in the peer-reviewed journal, Parkinsonism and Related Disorders. The article titled, "Pharmacokinetics and efficacy of a novel formulation of carbidopa-levodopa in Parkinson's disease" is now available online as an e-publication ahead of print. The article reviews pharmacokinetic and efficacy data from the Company's phase 2, multicenter, open-label, two-way randomized crossover study that evaluated multiple dose strengths of the AP-CD/LD twice daily in one treatment period and an active comparator in the other treatment period. The PK results showed that compared with IR-CD/LD, treatment with either AP-CD/LD dose demonstrated more stable LD plasma concentrations in both fluctuating and non-fluctuating PD patients, and significantly decreased the LD Cmax.

07:04 EDT Aldeyra says statistical significance not achieved for endpoints in SOLACE Trial

07:03 EDT Cubic names Jim Colson as VP, Chief Technology Officer - Cubic (CUB) announced the appointment of Jim Colson as vice president and chief technology officer. Colson will join Cubic's executive team to define and drive transformative platforms, including cloud and mobile across all Cubic business divisions. Colson retired from IBM (IBM) as an IBM Fellow, vice president and worldwide CTO for the AI and ML infused Watson Customer Engagement portfolio.

07:02 EDT Bausch Health announces U.S. launch of DUOBRII Lotion - Bausch Health Companies and its dermatology business, Ortho Dermatologics, announced that DUOBRII Lotion, 0.01%/0.045%, will be available commercially to health care professionals starting this week. Approved by the U.S. FDA on April 25, DUOBRII is the first and only topical lotion that contains a unique combination of halobetasol propionate and tazarotene in one formulation.

06:55 EDT Corteva recommends shareholders reject mini-tender offer by TRC Capital - Corteva has been notified of an unsolicited mini-tender offer by TRC Capital, or TRC, to purchase up to 5M shares, or approximately 0.67%, of the outstanding common stock of Corteva at a price of $26.00 per share in cash. TRC's offer price is approximately 4.45% less than the $27.21 closing price of Corteva's common stock on June 21, the day before the mini-tender offer commenced, and is approximately 7.18% less than the $28.01 closing price of Corteva's common stock on June 24. Corteva does not endorse TRC's mini-tender offer and recommends that Corteva stockholders do not tender their shares in response to the offer because it is a mini-tender offer at a price below the market price for Corteva shares and is subject to numerous conditions. According to TRC's offer documents, Corteva stockholders who have already tendered their shares may withdraw their shares at any time prior to July 24, the expiration date set forth in the offer documents, by following the procedures described in the offer documents. Corteva urges stockholders to obtain current market quotes for their shares, to review the conditions to TRC's mini-tender offer, to consult with their brokers or financial advisors and to exercise caution with respect to this mini-tender offer. Corteva is not associated with TRC, its mini-tender offer or the offer documentation. TRC has made similar mini-tender offers for shares of other companies.

06:45 EDT AbbVie to acquire Allergan in cash, stock deal valued around $63B

06:32 EDT Babcock & Wilcox sells Loibl to subsidiary of Deutsche Invest Mittelstand - Babcock & Wilcox Enterprises announced that it has sold its Straubing, Bavaria, Germany-based material handling subsidiary, Babcock & Wilcox Loibl, to a subsidiary of Deutsche Invest Mittelstand. "The proceeds from B&W's sale of Loibl will be used to reduce debt, provide working capital and strengthen the company's liquidity and overall financial position, as well as help us focus on our core businesses," said the company. ACXIT Capital Partners, headquartered in Frankfurt, Germany, served as B&W's M&A advisor on the transaction.

06:27 EDT Pintec Technology announces strategic partnership with Bank of Ganzhou - Pintec Technology inked a strategic partnership agreement with Bank of Ganzhou in Jiangxi Province for cooperation in financial innovation and services, including fintech research and development, intelligent asset allocation and e-commerce. According to the partnership agreement, Pintec and Bank of Ganzhou will jointly establish a fintech research and development center, focusing on advanced fintech researches in big data, cloud computing, artificial intelligence, financial security and block chain. Pintec will also support Bank of Ganzhou in developing a digital operation system with data services covering all business scenarios and procedures, and launching new products and services for finance. Bank of Ganzhou is a state-owned regional commercial bank supervised by the Ganzhou government. With its advanced financial technology and experience, Pintec will provide Bank of Ganzhou with efficient and customized lending solutions for individual financing, small and micro-sized enterprises financing and industry chain financing.

06:05 EDT Immuron Directors increase shareholdings in the company - Immuron wishes to advise that two of its Directors, Peter Anastasiou and Daniel Pollock have recently acquired on-market 1M (25,000 ADS equivalent) and 145,000 (3,625 ADS equivalent) IMC fully paid ordinary shares respectively since May. The recent acquisitions made by Peter Anastasiou and related entities take his effective ownership in the company to 10.93% in voting power representing 17,836,144 IMC fully paid ordinary shares (445,904 ADS equivalent).

06:03 EDT Amcor enters into $394M agreement for sale of three flexible packaging plants - Amcor announces it has entered into a binding agreement with Kohlberg & Company, for the sale of three former Bemis plants located in the United Kingdom and Ireland for cash consideration of $394M. Collectively these three plants generate annual sales of approximately $170M from the sale of flexible packaging for certain healthcare products. This divestment was required by the European Commission at the time of approving Amcor's acquisition of Bemis on February 11. The sale remains subject to customary approvals including European Commission approval of Kohlberg & Company as the buyer and is expected to close in the coming weeks.

06:03 EDT Piedmont Lithium announces 47% increase in Piedmont mineral resource estimate - Piedmont Lithium announced a major update to the Mineral Resource estimate for the Company's wholly-owned Piedmont Lithium Project located within the world-class Carolina Tin-Spodumene Belt, or TSB, in North Carolina, USA. The Mineral Resource for the Core property has increased to 25.1M tonnes, or Mt, at a grade of 1.09% Li2O, bringing the Project's total Mineral Resources to 27.9 Mt at a grade of 1.11% Li2O, containing 309,000 tonnes of lithium oxide, or Li2O, or 764,000 tonnes of lithium carbonate equivalent, or LCE, Importantly, 74% of the Core Mineral Resource is within 100m of surface and 97% is within 150m of surface. Approximately 50%; or 12.5Mt of the Mineral Resource is classified in the Indicated Resource category. All of the Mineral Resource tonnes at both Core and Central properties are attributable to spodumene mineralization.

05:28 EDT ExOne announces partnership with Siemens - ExOne (XONE) announced a partnership with Siemens (SIEGY) "that will benefit industrial customers in the foundry, aerospace, automotive, energy and other markets." Siemens' Digital Enterprise Portfolio of software and automation technology including MindSphere are fully implemented on the all-new S-Max Pro sand printer, that can achieve print speeds of up to 135 l/h.

05:13 EDT Amazon announces 48 hour Prime Day July 15 & 16 - Amazon said, "This July, Amazon will provide Prime members worldwide the chance to get epic deals during its longest Prime Day ever. Prime Day starts at midnight PT on Monday, July 15 and - for the first time ever - runs for 48 hours, offering members two full days with more than one million deals around the world. Prime Day will be the biggest celebration of deals with limited-time offers, never-before-seen entertainment and exclusive launches online and in-store. Also, members will find the biggest Prime Day deals ever on Alexa-enabled devices. And one of the best Prime Day deals starts today - save $120 on Toshiba HD 43-inch Fire TV Edition Smart TV, only $179.99, through June 30 or while supplies last. Prime members in the U.S., U.K., Spain, Singapore, Netherlands, Mexico, Luxembourg, Japan, Italy, India, Germany, France, China, Canada, Belgium, Austria, Australia and - new this year - United Arab Emirates, can shop our best day(s) of deals. Not a Prime member yet? Anyone can join Prime or start a 30-day free trial at amazon.com/primeday to participate in Prime Day."