Stockwinners Market Radar for July 16, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
BVN | Hot Stocks20:36 EDT Buenaventura reports Q2 Orcopampa gold production 10.7K oz vs. 5.9K in Q1 - The company also lowers FY19 Orcopampa gold output view to 37K-45K oz from 75K-90K.
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HOPE | Hot Stocks20:33 EDT Hope Bancorp authorizes $50M stock repurchase program - Hope Bancorp announced that its board has authorized the repurchase of up to $50M of the company's common stock. The repurchase authorization does not have any expiration date.
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SGEN... | Hot Stocks18:50 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Seattle Genetics (SGEN) up 7.6%... Cintas (CTAS) up 5.4%... United Airlines (UAL) up 0.3%. ALSO HIGHER: Qualcomm (QCOM) up 5.6% after DOJ requested halt of antitrust ruling against company. DOWN AFTER EARNINGS: Nu Skin (NUS) down 17.6% after cutting Q2 and FY19 guidance... Senseonics (SENS) down 7.7% after equity offering... CSX (CSX) down 6.2%... Interactive Brokers (IBKR) down 1.5%. ALSO LOWER: Inovio (INO) down 7.3% after cutting workforce by 28% and prioritizing commercial development of its late-stage HPV assets... Tellurian (TELL) down 1.8% after being cut to Hold at Stifel... Weibo (WB) down 1.1% after being downgraded to Neutral at Credit Suisse. Movers as of 18:30ET.
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NVLN | Hot Stocks18:46 EDT Novelion Therapeutics announces BC Court dismissed action filed by Whitefort - Novelion Therapeutics announced that on July 16 the Supreme Court of British Columbia issued its decision in response to the previously announced petition filed by Whitefort Capital Master Fund against Novelion, as respondent, seeking a declaration that Novelion breached section 301 of the Business Corporations Act of British Columbia in entering into a Restructuring Support Agreement, or RSA, with, among others, Aegerion Pharmaceuticals, on May 20 in connection with Aegerion's Chapter 11 plan of reorganization in the United States Bankruptcy Court, Southern District of New York Case No. 19-11632. The BC Court dismissed the action filed by Whitefort, finding that "Novelion entering into the RSA is not a transaction contemplated by s. 301" of the BCA.
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BHP | Hot Stocks18:39 EDT BHP Group reports Q4 iron ore output 63MT, down 2% from last year - Reports FY19 iron ore output 238MT vs. last forecast of 235MT-239MT. Guides FY20 242MT-253MT, or up 2%-6%. Reports Q4 petroleum output 30MMBOE, up 4%. Reports FY19 petroleum output 121MMBOE vs. last forecast of 113MMBOE-118MMBOE. Guides FY20 petroleum output 110-116 MMBOE, or down 9% to down 4%. Reports Q4 copper production 444 kt, down 4%. Reports FY19 copper production 1.69kt vs. last forecast of 1.65kt-1.741kt. Guides FY20 copper production 1.71kt-1.82kt or up 1%-8%. Reports Q4 Metallurgical coal production 12 MT, down 1%. Reports FY19 Metallurgical coal production 42 MT vs. last forecast of 43MT-46MT. Guides FY20 Metallurgical coal production 41MT-45MT or down 3% to up 6%.
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DPZ | Hot Stocks18:33 EDT Domino's Pizza CEO: We are in a position of strength - In an interview on CNBC's Mad Money, Domino's Pizza CEO Richard Allison Jr. said: We gained a significant amount of market share in the pizza category in Q2... Our unit growth was quite positive... It's a tougher operating environment than in years past and we have new competitors... There are labor pressures currently... Our franchisees are really healthy and we are focused on their profitability... We are positioned quite well relative to the restaurant industry... We still have a very healthy business model... We are gaining share at a significant pace in the International markets.
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SGEN | Hot Stocks17:50 EDT Seattle Genetics up 8% to $68.20 after Q2 results - The company achieved record ADCETRIS net sales in the U.S. and Canada in Q2.
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GLD | Hot Stocks17:45 EDT SPDR Gold Shares holdings fall from 800.54MT to 799.37MT - This is the lowest level of holdings since July 9th.
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RUN | Hot Stocks17:33 EDT Tiger Global reports 19% stake in Sunrun - Tiger Global disclosed a 19% stake in Sunrun, which represents 21,868,400 shares.
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MNK | Hot Stocks17:24 EDT Mallinckrodt falls over 10% to $7.36 per share after halting Acthar gel trial
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MNK | Hot Stocks17:23 EDT Mallinckrodt halts Phase 2B trial investigating use of Acthar gel in ALS - Mallinckrodt announced that it is permanently discontinuing its Phase 2B study designed to assess the efficacy and safety of Acthar Gel as an investigational treatment for amyotrophic lateral sclerosis, or ALS. The drug is not FDA-approved for the ALS indication. Mallinckrodt made the decision to halt the trial after careful consideration of a recent recommendation by the study's independent Data and Safety Monitoring Board. The recommendation was based on the specific concern for pneumonia, which occurred at a higher rate in the ALS patients receiving Acthar Gel compared to those on placebo; the board also mentioned other adverse events specific to this patient population. The DSMB noted the proportion of patients who have completed Week 36 - the primary endpoint target - precludes a definitive determination of a treatment effect. The lack of a clear efficacy signal for this ALS patient population combined with the potential risk of pneumonia led to the board's recommendation.
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GDDY | Hot Stocks17:05 EDT GoDaddy Chief Accounting Officer Rebecca Morrow resigns - In a regulatory filing, GoDaddy disclosed that on July 12, Rebecca Morrow informed the company she will resign from her role as Chief Accounting Officer effective September 1. Morrow has decided to accept a position with another company and will continue to serve as the company's principal accounting officer through the effective date. Morrow and the company have no disagreements with respect to any accounting-related policy or matter.
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NUS | Hot Stocks17:05 EDT Nu Skin falls over 14% to $39 per share after cutting Q2, FY19 guidance
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UAL | Hot Stocks16:54 EDT United Continental sees 2020 total aircraft deliveries of 65
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UAL | Hot Stocks16:53 EDT United Continental sees Q3 total mainline aircraft of 804 - Sees Q3 total regional aircraft of 562. Sees year-end 2019 total mainline aircraft of 807 vs. prior view of 803. Sees year-end 2019 total regional aircraft of 574 vs. prior view of 575.
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UAL | Hot Stocks16:50 EDT United Continental sees FY19 consolidated capacity growth 3%-4% y/y - Sees FY19: Consolidated CASM excluding third-party business expenses, fuel & profit sharing up 0.5%-1%; Effective income tax rate 21%-23%; Adjusted CapEx approximately $4.9B. Prior FY19 view given on 4/17: Saw FY19 consolidated capacity growth 4%-5% y/y. Saw FY19: Adjusted CASM flat; effective income tax rate 21%-23%; adjusted CapEx ~$4.7B.
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FARO | Hot Stocks16:47 EDT FARO names Allen Muhich CFO - FARO announced that Allen Muhich has been appointed Chief Financial Officer of the company, effective July 26, 2019. Muhich joins FARO from Electro Scientific Industries, where he served as Chief Financial Officer and worked together with Michael Burger, FARO's President and CEO. "I am pleased to welcome Allen to FARO to continue a highly successful working partnership that we have shared for several years," stated Michael Burger, FARO's President and CEO. "Allen is a seasoned financial executive with an impressive track record in leading a global financial function in a complex, customer-focused industrial technology business. I am looking forward to once again working closely with Allen as we enter an exciting new chapter for FARO."
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UAL | Hot Stocks16:44 EDT United Continental sees Q3 capacity growth 2%-3% y/y - Sees Q3: Adjusted pre-tax margin 10%-12%; Consolidated PRASM up 0.5%-2.5%; Consolidated CASM, excluding third party business expenses, fuel and profit sharing up 1%-2%; Consolidated average aircraft fuel price per gallon $2.12-$2.22; Effective income tax rate 21%-23%. Guidance from investor update presentation.
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INO | Hot Stocks16:35 EDT Inovio trading resumes
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PBYI | Hot Stocks16:32 EDT Knight says Health Canada approves NERLYNX for early-stage breast cancer - Knight Therapeutics announced that Health Canada has approved NERLYNX for the extended adjuvant treatment of women with early-stage hormone receptor positive, HER2-overexpressed/amplified breast cancer within one year after completion of trastuzumab-based adjuvant therapy. Knight has the exclusive right to commercialize NERLYNX in Canada under a license agreement with Puma Biotechnology, Inc.
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WAIR | Hot Stocks16:30 EDT Wesco Aircraft expans business with GKN Aerospace - Wesco Aircraft Holdings, Inc. announced a new agreement with GKN Aerospace, a global engineering business with technology including aerostructures and engine systems on-board 100,000 flights a day, to provide fluid management services to multiple sites across the Americas and Europe. The multiyear agreement expands the existing relationship, with Wesco supporting all major aerospace and defense programs across GKN Aerospace's global footprint. The move is expected to help GKN Aerospace manage its process fluid in a more efficient and sustainable way, and forms part of GKN Aerospace's ongoing strategy to develop consolidated, global relationships suppliers.
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INAP | Hot Stocks16:22 EDT Internap to streamline organization, initiates search for new CFO - Internap announced that Joseph DuFresne, Vice President, Corporate Development is being promoted to Senior Vice President, Finance, Corporate Development and Treasury, effective immediately. Jim Keeley, INAP's CFO, has announced his planned departure from INAP on August 30, 2019 for a new opportunity with a private company. The Board has initiated a search for a new CFO and intends to appoint DuFresne to the additional role of Interim Chief Financial Officer, effective August 30, 2019, pending the Board's appointment of a permanent CFO. "The entire Board of Directors joins me in thanking Jim for his significant contributions to INAP over the past year," said Peter D. Aquino, President and Chief Executive Officer. "Jim's strong financial leadership and data center experience were instrumental in effecting our transformation to the new INAP, and we wish Jim the best. Going forward, we are further streamlining the organization as we evaluate our opportunities to drive shareholder value. I am very excited about Joe DuFresne's expanded new role at INAP. Joe's financial background, experience and financial acumen will be invaluable to INAP as we continue with INAP 2.0 and our strategic plans. I have confidence in Joe's leadership in moving us through this transition as interim and in the strength of our accounting and finance team while we search for Jim's replacement."
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RM | Hot Stocks16:20 EDT Regional Management appoints Robert Beck CFO - Regional Management announced that it has appointed Robert Beck as its new executive VP and CFO, effective July 22. His predecessor, Don Thomas, will remain with regional to assist with a transition before officially retiring from the company on August 31. Beck brings to Regional 30 years of financial services experience and skills, including financial planning and analysis, treasury and capital management, retail branch distribution, mergers and acquisitions and business strategy. Most recently, he was executive VP and COO of the Leukemia and Lymphoma Society. Prior to that, he was COO of Citibank's U.S. Retail Bank.
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WLL | Hot Stocks16:19 EDT Whiting Petroleum names Correne S. Loeffler CFO - Whiting Petroleum announced that Correne S. Loeffler has been named Chief Financial Officer effective August 1, 2019. Loeffler previously served as Vice President, Finance and Treasurer for Callon Petroleum Company. Loeffler succeeds Michael J. Stevens, who is stepping down after an 18-year career with Whiting. Stevens was named Chief Financial Officer in 2005 and will depart effective August 1, 2019.
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UAL | Hot Stocks16:19 EDT United Continental announces new $3B share repurchase program
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CSX | Hot Stocks16:19 EDT CSX Q2 CapEx down to $769M from $823M in Q218
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BPMX | Hot Stocks16:19 EDT BioPharmX appoints Steven Bosacki COO - BioPharmX Corporation announced the appointment of Steven Bosacki, a 20 year pharmaceutical industry veteran, as its COO. Bosacki previously served as senior VP and General Counsel under BioPharmX CEO, Dr. David Tierney, at Oceana Therapeutics.
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UAL | Hot Stocks16:18 EDT United Continental authorizes new $3B share repurchase program
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CCCL | Hot Stocks16:18 EDT China Ceramics receives Nasdaq notification of non-compliance - China Ceramics announced that on July 12, 2019, it received a written notice from the Listing Qualifications department of The Nasdaq Stock Market advising the company that based upon the closing bid price for the company's shares for the past 30 consecutive business days, the company no longer met the minimum $1.00 per share Nasdaq continued listing requirement set forth in Nasdaq Listing Rules. The notification also stated that the company would be provided 180 calendar days, or until January 8, 2020, to regain compliance with the foregoing listing requirement. To do so, the bid price of the company's shares must close at or above $1.00 per share for a minimum of 10 consecutive business days prior to that date.
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UAL | Hot Stocks16:18 EDT United Continental reports Q2 total passenger revenue up 6.1% y/y - Consolidated second-quarter passenger revenue per available seat mile increased 2.5% year-over-year. Consolidated second-quarter unit cost per available seat mile decreased 0.4% year-over-year. Consolidated second-quarter CASM, excluding special charges, third-party business expenses, fuel and profit sharing, increased 0.6% year-over-year.
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VNDA | Hot Stocks16:18 EDT Vanda Pharmaceuticals announces study results for tradipitant - Vanda Pharmaceuticals announced that tradipitant, a neurokinin-1 receptor antagonist, was effective in treating motion sickness in a clinical study conducted in the Pacific Ocean. The clinical efficacy results are from the Motion Sifnos Phase II clinical study. In this study, 126 people with a prior history of motion sickness were subjected to sea travel in the Pacific Ocean. Study participants were randomized to receive either tradipitant or placebo in a blinded fashion. The study had two primary endpoints: percentage of participants vomiting, and Motion Sickness Severity Scale, or MSSS, Worst score. In the overall population, a significantly higher percentage of participants experienced vomiting in the placebo arm as compared to the tradipitant arm, 39.7% versus 17.5% respectively. The MSSS Worst score endpoint also favored tradipitant, but the difference did not reach statistical significance, 3.75 versus 3.4. Vanda intends to initiate a Phase III program in Motion Sickness, with a plan to file for marketing authorization in 2020.
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CSX | Hot Stocks16:16 EDT CSX says merchandise growth 'offset' intermodal weakness - Chemicals increased as stronger crude oil and waste shipments were partially offset by reduced fly ash, natural gas liquids and sand volumes. Automotive driven by strength in trucks and SUVs. Agricultural & Food Products growth driven by strength in domestic grain and ethanol markets.Forest Products increase led by high demand for wood pulp and stronger lumber shipments. Minerals strength driven by increased construction and paving project activity. Metals and Equipment declined as a result of decreased metal shipments, primarily in sheet steel, construction and scrap markets
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PETX | Hot Stocks16:16 EDT Aratana Therapeutics shareholders vote to adopt merger with Elanco Animal Health - Aratana Therapeutics announced the voting results for the three proposals considered and voted upon by its stockholders at its Special Meeting on July 16, 2019. The company reported approximately 72% of the company's common stock outstanding as of the July 14, 2019 record date adopted the merger agreement.
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CSX | Hot Stocks16:13 EDT CSX reports Q2 operating ratio fell to 57.4% since Q2 last year - Last year's Q2 operating ratio 58.6%.
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CSX | Hot Stocks16:11 EDT CSX falls 6% after reporting Q2 results below expectations - CSX shares are trading at $74.50 in post-market trading.
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INO | Hot Stocks16:09 EDT Inovio to reduce annual burn rate by 25% and workforce by 28% - Inovio Pharmaceuticals announced plan to focus on the commercial development of its late-stage HPV assets and reallocate capital to develop fast-to-market product candidates. The company has cut selected early-stage R&D programs and discontinued further development of its Phase 1/2 study in advanced bladder cancer, while reducing its annual burn rate by 25% and its workforce by 28%. Realignment enables Inovio to focus on: First, commercializing the lead asset VGX-3100, a novel DNA-based immunotherapy to treat cervical dysplasia caused by human papillomavirus; second, re-deploying resources to rapidly advance INO-3107 to treat RRP; third, partnership with AstraZeneca to advance MEDI0457 in combination with AstraZeneca's checkpoint inhibitor in HPV-related cancers, including the ongoing Phase 2 study for treatment of head and neck cancer; fourth, INO-5401 development efforts on treating GBM, while discontinuing its Phase 1/2 study of INO-5401 in advanced bladder cancer; and finally, accelerating the clinical development of its transformative dBTE which generated potent cancer-killing activities in a preclinical study and which build on recent advances of its innovative and high-value dMAb(TM) (DNA-encoded monoclonal antibody) technology.
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VRSK | Hot Stocks16:07 EDT Appriss acquires retail loss prevention solutions from Verisk Analytics - Appriss announced the acquisition of the retail loss prevention solutions from Verisk Analytics. Verisk's retail loss prevention portfolio has a broad and global client base of more than 70 retailers, many new to the Appriss family. This acquisition will be integrated into Appriss' retail business unit.
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NBSE | Hot Stocks16:07 EDT Einhorn's Greenlight reports 9.0% stake in NeuBase Therapeutics - David Einhorn's Greenlight Capital disclosed a 9.0% stake in NeuBase Therapeutics, which represents 1,538,462 shares. The filing does not allow for activism.
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ORN | Hot Stocks16:06 EDT Orion Group announces contract award of roughly $52M - Orion Group announced a contract awards totaling approximately $52M. The company's Marine segment has been awarded a contract for approximately $52M for dredging services for the South Texas Gateway Terminal project under development in Ingleside, Texas. The work calls for the removal of over two million cubic yards of material from the site to allow the safe berthing and loading of very large crude carriers at the facility. In addition, the company has also been engaged to assist in the design of the marine terminal. Dredging is expected to begin in the fourth quarter of this year and will complete in 2020.
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SGEN | Hot Stocks16:04 EDT Seattle Genetics backs FY19 Adcetris net product sales view of $610M-$640M
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INO | Hot Stocks16:01 EDT Inovio trading halted, news pending
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ARWR | Hot Stocks16:01 EDT Arrowhead receives orphan drug designation for ARO-ANG3 - Arrowhead Pharmaceuticals announced that the U.S. Food and Drug Administration has granted orphan drug designation to ARO-ANG3 for the treatment of homozygous familial hypercholesterolemia. ARO-ANG3 is a subcutaneously administered RNA interference-based investigational medicine targeting angiopoietin like protein 3 being developed for the treatment of dyslipidemias, such as HoFH, and metabolic diseases. The company began dosing ARO-ANG3 in a first-in-human study in January 2019. AROANG1001 is a Phase 1 single and multiple dose study to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamic effects of ARO-ANG3 in adult healthy volunteers and patients with dyslipidemia. The study is designed to enroll up to 70 subjects. HoFH is a rare inherited disorder of lipoprotein metabolism. It is a life-threatening disease, characterized by marked elevation of low-density lipoprotein cholesterol leading to premature cardiovascular disease. Without adequate treatment, cholesterol buildup in the arterial wall leads to early atherosclerosis and cardiovascular disease, even in childhood.
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TCF CHFC | Hot Stocks15:21 EDT TCF, Chemical Financial see merger completed on Aug. 1 following Fed approval - Chemical Financial (CHFC) and TCF Financial (TCF) jointly announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the proposed merger of equals in which TCF will merge into Chemical. The Federal Reserve approval follows recent approvals from the Office of the Comptroller of the Currency and from shareholders of both companies. All necessary regulatory approvals have now been received and the companies expect to close the merger on August 1, they stated. Once the merger is completed, the company will be renamed and operate as TCF Financial Corporation and will trade on NASDAQ under the ticker symbol "TCF". Each current share of TCF common stock will be converted into 0.5081 shares of the new company common stock at closing.
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CBS T | Hot Stocks15:08 EDT CBS says AT&T 'continues to propose unfair terms' - CBS (CBS) issued a statement on DirectTV and AT&T (T) U-verse TV negotiations, stating in part: "CBS Corporation, owner of America's Most Watched Network, is negotiating resolutely and in good faith with DIRECTV, DIRECTV NOW and AT&T U-verse TV to reach a fair market value agreement for its programming. CBS has reached timely, fair agreements with hundreds of other cable, satellite, telco and internet providers to carry our industry-leading, fan-favorite programming. AT&T, however, continues to propose unfair terms well below those agreed to by its competitors and may drop CBS unless we agree to those terms. CBS would like to avoid being dropped, but unless an agreement is reached, our viewers should be prepared for DIRECTV and AT&T U-verse TV to remove CBS-owned television stations in New York, Los Angeles, Chicago, Philadelphia, Dallas, San Francisco, Boston, Atlanta, Tampa, Seattle, Detroit, Minneapolis, Miami, Denver, Sacramento, Pittsburgh and Baltimore at 11:00 PM, PT on July 19. DIRECTV NOW customers nationwide would lose the CBS Television Network's hit programming as well." Reference Link
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FB | Hot Stocks14:49 EDT Facebook's Perault says Instagram, WhatsApp takeovers have benefited users - In prepared remarks ahead of a hearing in front of the House Judiciary Committee, Facebook's director of Public Policy Matt Perault argued that the company should not be broken up because its Instagram and WhatsApp business have had a greater opportunity to thrive after merging with the social media giant. "These synergies accelerate innovation," he said in prepared remarks. "They enable the development of new products and technologies and yield improvements in features and services for users. For example, Instagram and WhatsApp have had more opportunity to innovate as part of Facebook than they would have on their own-enhancing users' experience and resulting in more choice for more people overall, not less." Perault also contended that the company has "democratized" advertising, as its platform can "accommodate almost every budget, and we help advertisers reach their target audience and maximize their impact." "Our business model makes it possible for businesses of all sizes to reach the exact audiences they want to reach," he said. "Today, more than seven million businesses around the world choose to advertise with us every month, and two-thirds of small businesses on Facebook say they've increased sales because of Facebook." The executive concluded his remarks by saying that the company is "constantly working to find new ways to help people connect, communicate and share. Like many successful American companies before us, we have grown by taking risks, learning from our mistakes and constantly striving to improve." Reference Link
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CHFC TCF | Hot Stocks14:38 EDT Federal Reserve approves Chemical Financial deal to acquire TCF Financial - The Federal Reserve Board announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Chemical Financial (CHFC) to acquire TCF Financial Corporation (TCF) and thereby indirectly acquire its subsidiary bank, TCF National Bank, Sioux Falls, South Dakota.Reference Link
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SPOT AAPL | Hot Stocks14:08 EDT Spotify slides after Apple said to plan original, exclusive podcasts - Spotify (SPOT) shares are falling in afternoon trading after Bloomberg's Lucas Shaw and Mark Gurman reported that Apple (AAPL) plans to fund original, exclusive podcasts to increase competition with Spotify and Stitcher. Apple executives have reached out to media companies to discuss buying exclusive rights to podcasts, the report added. In afternoon trading following the report, Spotify shares have dipped 2% to $151.03.
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MCD UBER | Hot Stocks14:04 EDT McDonald's adds DoorDash as U.S. delivery partner - McDonald's USA and DoorDash announced a new partnership to expand the availability and accessibility of "McDelivery" beyond its current offering, launching first in the Houston, Texas area across more than 200 restaurants beginning July 29. McDonald's will also be a part of DashPass, DoorDash's subscription program. "McDelivery launched in the US in 2017, with partners including Uber Eats, and globally has grown to a $3 billion business for both McDonald's and franchise restaurants. McDelivery is now available in over 9,000 restaurants in the US, which is more than half of all McDonald's US restaurants," the company stated.
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TSLA | Hot Stocks13:55 EDT Tesla CEO Musk says cost of FSD option will increase 'every few months' - Tesla CEO Elon Musk said via Twitter: "As mentioned earlier this year, cost of the Tesla FSD option will increase every few months. Those who buy it earlier will see the benefit." Reference Link
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TM | Hot Stocks13:20 EDT Toyota to consider options after Hogan lawsuit verdict - Toyota issued a statement after a jury in California Superior Court, in a case brought by two California dealerships owned by Roger Hogan, found Toyota not liable for plaintiffs' allegations of fraud by concealment, including those involving Prius inverter safety issues alleged by the plaintiffs. The jury did find Toyota liable for the claims of breach of the implied covenant of good faith and fair dealing, awarding approximately $15.8M in total damages, but awarding no punitive damages, the company pointed out. Toyota said, "To be clear, this lawsuit originated from a business dispute Roger Hogan had with Toyota over management and succession issues involving his dealership, not the effectiveness of the Prius inverter recalls. Despite claims by plaintiffs' counsel and subsequent misleading and erroneous reporting starting with the Los Angeles Times, neither the verdict form nor the jury's decision in the Hogan matter indicated that the finding on breach of good faith and fair dealing was in any way related to vehicle safety issues...While we respect the jury's decision, we remain confident the evidence and testimony clearly demonstrated that Toyota abided by its contractual obligations to the Roger Hogan dealerships and has been transparent with its dealers, regulators and customers regarding the vehicle issues raised at trial. We will consider our options moving forward." Reference Link
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JNJ | Hot Stocks13:17 EDT J&J falls after saying generics, biosimilars to have largest impact in Q3 - During the company's second quarter conference call, earlier in the day, CFO Joseph Wolk said, "We expect the largest impacts from generics and biosimilars for the year in our pharmaceutical business to occur in the third quarter" Shares of Johnson & Johnson are off earlier lows, down around $1.75 per share or 1.27% to $133 in afternoon trading.
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EA | Hot Stocks13:14 EDT Konami grabs exclusive video game rights to Juventus for 'PES' - Japanese game developer Konami announced a long-term, exclusive partnership with Juventus FC, current Italian champions and globally recognised football brand. The partnership between Konami and Juventus FC provides the "eFootball PES" series creators with exclusive use of Juventus FC within console football video games, including the team name, crest and official kits. In addition, the development team has been granted in-depth access to the players themselves to recreate their likenesses in the new game as accurately as possible, the company said. Blog Realsport101 noted that, as Juventus will be exclusive to "PES," EA's (EA) upcoming soccer sim "FIFA 20" will not feature the team or its stadium. The Fly notes that "PES" stands for "Pro Evolution Soccer." Reference Link
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UBSFY | Hot Stocks13:08 EDT Ubisoft says over 100 titles to be available on UPLAY+ at September 3 launch - Ubisoft said that its upcoming monthly game subscription service UPLAY+ will be launching on September 3 for PC and that users can receive a free trial from September 3 to September 30. The company said that over 100 titles will be available on the service at launch, including nearly every "Assassin's Creed" game, most of the "Tom Clancy" library, "Prince of Persia," the "Rayman" series, and more. The service will cost $14.99 per month. Reference Link
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ARWR | Hot Stocks13:04 EDT Arrowhead homozygous familial hypercholesterolemia treatment given orphan status - Arrowhead Pharmaceuticals' treatment of homozygous familial hypercholesterolemia was granted FDA orphan designation, according to a post to the agency's website. Reference Link
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TSLA | Hot Stocks13:01 EDT Tesla CEO says to raise cost of full self-driving option by about $1K on Aug. 16 - Tesla CEO Elon Musk said via Twitter: "Cost of Tesla full self-driving option increasing by ~$1000 on August 16." Reference Link
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CDNA | Hot Stocks12:53 EDT CareDx falls after analyst says AlloSure 'mostly useless' as kidney diagnostic - Shares of transplant diagnostics company CareDx (CDNA) are falling after an earlier report from Sahm Adrangi of Kerrisdale Capital. KERRISDALE SHORT THESIS: Adrangi said in the report that Kerrisdale is short CareDx due to the fact that "share price has increased by 30x over just the last two years and now trades at over 18x sales. The meteoric rise and generous valuation have come in the wake of excitement over the commercialization of AlloSure, a blood test intended to identify organ rejection in kidney transplant recipients." Kerrisdale believes that "AlloSure is mostly useless, and potentially dangerous if used improperly. It should be obvious that a diagnostic test for transplant rejection that misses about 40% of rejections compared to the current standard of care has little place in clinical practice." ANALYST VIEW: Less than a week ago, Craig-Hallum analyst Per Ostlund raised his price target for CareDx to $48 from $40 after President Trump signed an executive order to remake kidney care in the U.S., laying out a series of initiatives that clearly cement organ transplantation as a preferred treatment option for those suffering from kidney disease. While the initiatives will no doubt take some measure of time to translate into an increase in transplants, the analyst believes the order is an "unmitigated positive and wind at the back" for CareDx, which is involved in patient care across the transplant continuum. Ostlund reiterated a Buy rating on the shares at the time. PRICE ACTION: Shares of CareDx are down over 14%, or $5.31, to $32.09 per share in afternoon trading.
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MORN | Hot Stocks12:47 EDT Morningstar reports U.S. mutual fund and ETF fund flows for June - Morningstar reported estimated U.S. mutual fund and exchange-traded fund fund flows for June 2019. Overall, passive U.S. equity funds saw $29.5B in outflows while active U.S. equity funds lost $20.2B to outflows. Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund, and net flow for U.S. ETFs shares outstanding and reported net assets. Highlights from the report include: In June, long-term open-end mutual funds and ETFs rebounded with $46B in inflows after nearly $2B in outflows in May. Despite last month's dip, long-term flows were strong during 2019's first half, totaling $224B, slightly ahead of 2018's $219B. Passive funds had their best month year-to-date, collecting $68.6B in June while active funds lost approximately $22.5B to outflows.
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GIGA... | Hot Stocks12:00 EDT Giga-tronics receives orders totaling $3.74M from Lockheed and Raytheon - Giga-tronics (GIGA) announced that it has received two orders totaling $3.74M from Lockheed Martin (LMT) and Raytheon (RTN). The orders are for Microwave Integrated Components used in airborne military applications. The company also announced preliminary operating results for the first quarter of fiscal 2020 which ended June 29, 2019. Net sales are expected to be approximately $3.5M. Operating income for the first quarter is expected to be approximately $100,000. While the orders reported above were received during the first quarter of fiscal 2020, the company recognized no revenue during the quarter with respect to these orders. The company will issue a more complete earnings release with commentary for the first quarter of fiscal 2020 and host a conference call the week of August 5.
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TV | Hot Stocks12:00 EDT Televisa falls -5.9% - Televisa is down -5.9%, or -56c to $9.03.
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DPZ | Hot Stocks12:00 EDT Domino's Pizza falls -7.4% - Domino's Pizza is down -7.4%, or -$19.97 to $249.95.
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UGAZ | Hot Stocks12:00 EDT VelocityShares 3x Long Natural Gas ETN falls -10.8% - VelocityShares 3x Long Natural Gas ETN is down -10.8%, or -$1.94 to $16.05.
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FSM | Hot Stocks12:00 EDT Fortuna Silver Mines rises 12.4% - Fortuna Silver Mines is up 12.4%, or 34c to $3.12.
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GCAP | Hot Stocks12:00 EDT Gain Capital rises 16.6% - Gain Capital is up 16.6%, or 67c to $4.70.
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APRN | Hot Stocks12:00 EDT Blue Apron rises 43.6% - Blue Apron is up 43.6%, or $3.34 to $11.00.
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UNTY | Hot Stocks11:23 EDT Unity Bancorp approves share repurchase program up to 525,000 shares - Unity Bancorp announced that its Board of Directors has approved a new Share Repurchase Program. Under this new program, the Company may repurchase up to 525,000 shares, or approximately 5% of its common stock. The timing and amount of purchases will be dictated by a number of factors, including the trading price of the Company's common stock. This new program replaces the Company's prior share repurchase program, which will be terminated.
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SABR | Hot Stocks11:02 EDT Sabre, ARC sign agreement to streamline travel agencies' NDC transition - Airlines Reporting Corp. and Sabre Corporation recently signed a forward-looking cooperative agreement to ensure travel agencies can easily align with future airline distribution strategies. This collaboration will provide a seamless way for agencies to report and settle transactions regardless of an airline's chosen distribution model, including New Distribution Capability. The ARC-Sabre agreement modernizes a 30-year contract between the two companies for reporting and settlement services. ARC continues to work with other technology partners to help the industry move forward by ensuring accurate and trustworthy settlement services across the distribution landscape.
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WFC | Hot Stocks10:57 EDT Wells Fargo interim CEO says no development to report with DOJ, SEC probes - Wells Fargo interim CEO Allen Parker said discussions with the DOJ and SEC are ongoing.
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VNO | Hot Stocks10:49 EDT Vornado sees 5c decrease in Q2 FFO due to certain items - Vornado Realty Trust announced that its financial results for the three months ended June 30 will include certain items, including a roughly $2.56M net gain on the transfer of its Fifth Avenue and Times Square JV and non-cash impairment losses and related write-offs due substantially all on 608 Fifth Avenue, that result in an increase in net income attributable to common shareholders of $12.37 per diluted share and a decrease in FFO attributable to common shareholders plus assumed conversions of 5c per diluted share. The items will be excluded from "net income, as adjusted" and "FFO, as adjusted," Vornado noted.
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WFC | Hot Stocks10:41 EDT Wells Fargo sees FY19, FY20 expenses close to $53B
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WFC | Hot Stocks10:33 EDT Wells Fargo CFO says 38 branches were consolidated in Q2
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GCAP | Hot Stocks10:29 EDT Gain Capital up 50c, or 12%, to $4.53 in early trading - Contacts have indicated that the strength may be attributable to a report claiming the company is in talks to be acquired. Gain Capital shares were up as much as 20% earlier.
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WFC | Hot Stocks10:27 EDT Wells Fargo sees FY19 expenses at high-end of guidance range
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WFC | Hot Stocks10:26 EDT Wells Fargo sees FY19 NII down near 5% - Management says auto portfolio returned to growth in Q2. Guidance and comments from Q2 earnings conference call.
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RTN | Hot Stocks10:19 EDT Raytheon submits Lower Tier Air and Missile Defense Sensor proposal to U.S. Army - Raytheon Company announced the submission of its Lower Tier Air and Missile Defense Sensor proposal to the U.S. Army as part of the competition for a new air and missile defense radar. Raytheon's LTAMDS solution is a simultaneous 360-degree, Active Electronically Scanned Array radar powered by Raytheon-manufactured Gallium Nitride, a substance that strengthens the radar signal and enhances its sensitivity. "Our proposal offers the Army a brand-new radar that overmatches the future threat," said Tom Laliberty, Raytheon Vice President of Integrated Air and Missile Defense. "We brought our LTAMDS solution to the U.S. Army's sensor demonstration and validated our ability to meet their 2022 urgent material release date."
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EVLO | Hot Stocks10:13 EDT Evelo Biosciences Inc trading resumes
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EVLO | Hot Stocks10:08 EDT Evelo Biosciences Inc trading halted, volatility trading pause
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LAD | Hot Stocks10:04 EDT Lithia Motors appoints Tina Miller as SVP, CFO - Lithia Motors announced that Tina Miller has been promoted to SVP, CFO. Most recently, she served as chief accounting officer and interim principal financial officer. In this role, Miller will oversee the accounting, tax, corporate finance, financial planning & analysis, risk management and treasury functions.
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ALLK | Hot Stocks10:03 EDT Allakos treatment of mastocytosis granted FDA orphan designation - Allakos was granted FDA orphan designation for its treatment of mastocytosis, according to a post to the agency's website. Reference Link
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GS | Hot Stocks10:01 EDT Goldman Sachs says financial targets to focus on returns, efficiency
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HRTG | Hot Stocks10:00 EDT Heritage Insurance falls -5.6% - Heritage Insurance is down -5.6%, or -90c to $15.05.
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COE | Hot Stocks10:00 EDT China Online Education falls -7.4% - China Online Education is down -7.4%, or -49c to $6.11.
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UGAZ | Hot Stocks10:00 EDT VelocityShares 3x Long Natural Gas ETN falls -8.6% - VelocityShares 3x Long Natural Gas ETN is down -8.6%, or -$1.55 to $16.44.
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TTM | Hot Stocks10:00 EDT Tata Motors rises 5.4% - Tata Motors is up 5.4%, or 62c to $12.29.
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DGAZ | Hot Stocks10:00 EDT VelocityShares 3x Inv Natural Gas ETN rises 8.3% - VelocityShares 3x Inv Natural Gas ETN is up 8.3%, or $11.52 to $150.52.
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APRN | Hot Stocks10:00 EDT Blue Apron rises 18.8% - Blue Apron is up 18.8%, or $1.44 to $9.10.
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REKR NVDA | Hot Stocks09:58 EDT Rekor Systems reports joining NVIDIA Metropolis Software Partner Program - Rekor Systems (REKR) announced earlier that the company has joined the NVIDIA Metropolis Software Partner Program and "is leveraging NVIDIA Graphic Processing Units to accelerate its OpenALPR vehicle recognition software." NVIDIA (NVDA) Metropolis is an intelligent video analytics platform that spans multiple NVIDIA products operating on a unified architecture, Rekor stated. Rekor shares are up 18c, or 7.6%, to $2.55 in early trading.
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GS | Hot Stocks09:54 EDT Goldman Sachs says aspires to having higher dividend long-term
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GS TW | Hot Stocks09:51 EDT Goldman Sachs CFO says bank had $375M gain in Q2 from Tradeweb IPO
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JNJ | Hot Stocks09:49 EDT Johnson & Johnson says continues to invest in R&D at 'competitive levels' - Says: Expects to invest more heavily in R&D in 2H19... Planning investment to bolster pipeline... Reinvestment in the business remains a "top priority"... Pharmaceutical Group had "strong" Q2... Expects FY adjusted operating margin to "slightly decline"... Will continue to pursue defense in talc lawsuits... Opioid litigation is about the epidemic, not Johnson & Johnson... Seeing modest impact from tariffs, China business remains strong.
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IMRN | Hot Stocks09:48 EDT Immuron jumps after reporting FY19 sales of A$2.6M - Immuron announced earlier sales results for the year ended June 30 for its commercially available products, including Travelan, the over-the-counter gastrointestinal and digestive health supplement. Travelan sales in North America in FY19 rose 52% and reached A$1.16M. Global Immuron revenue expanded by 29% year-over-year in FY19, reaching A$2.6M. "During the 2019 fiscal year, Immuron added to the ongoing successful efforts in Australia by working hard to increase awareness of Travelan amongst North American consumers, using podcasts and collaborations with travel bloggers to educate and inform the market regarding the virtues of our product. The new 2020 fiscal year will see our efforts ramp-up even further in North America as we expand distribution channels and work to further consumer demand in that very important geographic area using pull-through marketing campaigns and other forms of advertising," said CEO Gary Jacob. In early trading, Immuron shares are up $2.88, or 98%, to $5.81.
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SPAR | Hot Stocks09:47 EDT Spartan Motors receives 2,237-unit walk-in-van order from e-commerce company - Spartan Fleet Vehicles and Services, a business unit of Spartan Motors, announced it has been awarded a 2,237-unit walk-in-van order from a North American online e-commerce and fulfillment company. The order further expands the customer relationship and increases Spartan's share of the high-growth last mile delivery market. The new order specifies for a minimum of 2,237 walk-in vans to be built during the second half of 2019 at Utilimaster's Bristol, Indiana, flexible manufacturing facility.
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LEA | Hot Stocks09:47 EDT Lear falls -6.3% - Lear is down -6.3%, or -$8.53 to $126.75.
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ARW | Hot Stocks09:47 EDT Arrow Electronics falls -6.6% - Arrow Electronics is down -6.6%, or -$4.56 to $64.34.
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UGAZ | Hot Stocks09:47 EDT VelocityShares 3x Long Natural Gas ETN falls -9.3% - VelocityShares 3x Long Natural Gas ETN is down -9.3%, or -$1.68 to $16.31.
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TTM | Hot Stocks09:47 EDT Tata Motors rises 4.8% - Tata Motors is up 4.8%, or 56c to $12.22.
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DGAZ | Hot Stocks09:47 EDT VelocityShares 3x Inv Natural Gas ETN rises 9.2% - VelocityShares 3x Inv Natural Gas ETN is up 9.2%, or $12.73 to $151.73.
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APRN | Hot Stocks09:47 EDT Blue Apron rises 10.3% - Blue Apron is up 10.3%, or 79c to $8.45.
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GS | Hot Stocks09:45 EDT Goldman Sachs CEO says will provide new financial targets in January
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GS | Hot Stocks09:35 EDT Goldman Sachs says remains 'cautious' on geopolitical front - Comments taken from Q2 earnings conference call.
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JMU | Hot Stocks09:27 EDT JMU receives Nasdaq letter of deficiency - JMU announced it received a letter from Nasdaq notifying the Company that it does not meet the continued listing requirements for the stockholders' equity as reported in the Company's annual report on Form 20-F for the period ended December 31, 2018 is below the minimum amount of $10M as required for continued listing under the equity standard, the market value of listed securities of the Company is below $50M as required for continued listing under the market value standard, and the market value of publicly held shares is below $15M as required for continued listing under both the market value and the total assets/total revenue standards. The Company must submit its Compliance Plan no later than July 22. The Company is working diligently to prepare the Compliance Plan and expects to submit it to Nasdaq within this timetable. If the Compliance Plan is accepted, the Company can be granted an extension of up to 180 calendar days from the date of the Notification Letter to evidence compliance.
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CTO | Hot Stocks09:23 EDT Consolidated-Tomoka acquires single-tenant office property for $18.6M - Consolidated-Tomoka Land announced the acquisition of an approximately 64,000 square foot, single-tenant office property in Reston, Virginia for approximately $18.6M, or approximately $289 per square foot. The Reston Property is situated on approximately 3 acres and is 100% leased to a wholly owned subsidiary of General Dynamics Corporation. The remaining lease term is approximately 10 years and includes annual rent escalations. In 2018, the Reston Property underwent a complete renovation at a cost of approximately $17M, the majority of which was paid for by the tenant. The initial investment yield is slightly below the mid-point of the Company's 2019 guidance for income property acquisitions. The transaction is expected to be part of a 1031 like-kind exchange. Including the Reston Property, the Company has invested approximately $76M year-to-date or approximately 76% of the mid-point of the Company's 2019 guidance for the acquisition of income-producing assets. The investments year-to-date consist of seven single-tenant properties located in six different states with a weighted average cap rate in-line with the mid-point of the Company's 2019 guidance.
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IDEX | Hot Stocks09:22 EDT Ideanomics forms a New Energy Transportation Services Group - Ideanomics announced the formation of New Energy Transportation Services Group, or NETS, a service company proving comprehensive and commercial solutions that include Marketing, Financial Services, Technology and Infrastructure for the New Energy Transportation Services industry with. This newly-formed group will be domiciled in Singapore to embrace the global business ex-China, beginning with Malaysia and the other ASEAN countries. From Asean, the company plans to expand its substantial commercial offerings into other regions, including North America and Europe, to develop and support cleantech commercial vehicle markets. The NETS Group is focusing its full-service model of 'Sales-to-Financing-to-Charging networks in efforts to support the full value chain of the cleantech commercial vehicle industry.
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TYL | Hot Stocks09:20 EDT Tyler Technologies announces agreement with Campbell County, Wyoming - Tyler Technologies announced that it has signed an agreement with Campbell County, Wyoming for several Tyler solutions, including its Munis enterprise resource planning, ExecuTime Time & Attendance, Document Pro, Tax-Wise and Brazos eCitation solutions.
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FLGT | Hot Stocks09:19 EDT Fulgent Genetics, Parkinson's Foundation partner on genetic testing initiative - Fulgent Genetics and the Parkinson's Foundation announced a collaboration on a new genetic testing initiative for individuals living with Parkinson's Disease. The nation-wide initiative, called PD GENEration: Mapping the Future of Parkinson's Disease, provides genetic testing for clinically relevant Parkinson's-related genes for eligible individuals. The initiative will be offered through the Parkinson's Foundation Centers of Excellence network and Parkinson Study Group sites, and it will leverage the next generation genetic testing technology of Fulgent Genetics. As part of the collaboration agreement, Fulgent Genetics will be compensated for processing, sequencing, and storing each DNA sample for patients participating in the initiative. Also supporting this initiative are Indiana University School of Medicine, providing genetic counseling for tested individuals; University of Florida CTSI Data Coordinating Center, assisting with secure data storage; and University of Rochester's Clinical Trials Coordination Center. In collaboration with these partners, Fulgent Genetics has leveraged the flexibility of its broad testing catalog to select and develop a targeted list of seven genes relevant to Parkinson's patients and clinicians: GBA, LRRK2, SNCA, PRKN, PARK7, VPS35, and PINK1. Fulgent Genetics will analyze and generate clinical reports for these target genes, and the findings will be made available to the treating physicians and future researchers.The initiative aims to enroll 600 participants in its first year of operation, expanding to include 15,000 participants by 2024.
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CACI | Hot Stocks09:18 EDT CACI receives $645M task order to provide IT services - CACI has received a task order award under the GSA Alliant 2 contract vehicle to provide end-user support and information technology, or IT, services in support of U.S. European Command, U.S. Africa Command, and U.S. Africa Command's combined joint task force, or Horn of Africa. The five-year, $645M task order represents new work for CACI.
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HIL | Hot Stocks09:17 EDT Hill International to provide program management for The Port of Long Beach - Hill International announced it has been awarded a contract to support the management of the Port of Long Beach's Pier B On-Dock Rail Support Facility program. The 14-year program, which the Port calls the "centerpiece" of its $1B rail improvement program, will reconfigure and expand the existing Pier B Rail Yard to support the increased use of on-dock rail in the harbor. Each on-dock rail will save approximately 750 truck trips between the Port and off-dock rail yards. Moving more containers by rail will also help the Port's marine terminals transfer cargo more efficiently and help achieve the environmental goals in the Port's Clean Air Action Plan.
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GOVX | Hot Stocks09:14 EDT GeoVax Labs announces presentation of Lassa Fever vaccine data - GeoVax Labs announced that senior scientist Mugdha Vasireddi, PhD, will deliver an oral presentation entitled, A Single Dose of MVA-Based Lassa Virus Vaccine Provides Complete Protection in a Mouse Lethal Challenge Model. The presentation will be given during the Annual Meeting of the American Society for Virology. In her talk, Vasireddi will discuss the preclinical efficacy studies of GEO-LM01, a novel vaccine candidate for Lassa fever constructed on an MVA vector expressing two immunogens derived from the Lassa virus. Upon vaccination, these immunogens form Virus Like Particles in the host which will in turn induce immunity against subsequent infections with Lassa. Immunogenicity and efficacy of GEO-LM01 were tested in a mouse challenge model. A single intramuscular dose of GEO-LM01 protected 100% of normal mice challenged with a lethal dose of ML29, a Mopeia/Lassa reassortant virus, delivered directly into the brain. In contrast, all control animals died within one week. The vaccine induced low levels of antibodies but strong CD4+ and CD8+ T cell responses. This is the first report that a replication-deficient MVA vector can confer full protection against Lassa after a single dose. The data being presented by Vasireddi contributed to the body of information resulting in a $300,000 Fast Track Phase I/II Small Business Innovative Research grant to GeoVax from the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health in April 2018, as well as a $2.4M grant awarded to GeoVax in September 2018 by the U.S. Department of Defense, in support of advanced preclinical testing of the GeoVax Lassa fever vaccine.
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BKD | Hot Stocks09:12 EDT Land and Buildings issues letter to Brookdale Senior Living shareholders - Land and Buildings issued the following open letter to shareholders of Brookdale Senior Living: "... We remain deeply disappointed that the Board does not appear to recognize the need for urgent and real change at Brookdale. Brookdale's total shareholder return has consistently underperformed relative to Proxy Peers, Healthcare REITs, and the broad market over the trailing 10-year, 5-year, 3-year, and 1-year time periods. Since Cindy Baier and Lee Wielansky were appointed CEO and Chairman of the Board respectively in February 2018, this trend has not reversed. We are deeply disappointed and fault a lack of urgency on the part of the Company, having not sought to maximize value for all shareholders through an asset monetization program since the majority of leases were restructured more than a year ago. To that end, on July 2, 2019, we nominated two director candidates for election to the Board at the Company's 2019 Annual Meeting of Shareholders. We believe our nominees have the deep healthcare, real estate and finance experience necessary to help properly evaluate the best ways to maximize value for all Brookdale shareholders, including evaluating the best strategic options for Brookdale's real estate and capital structure. Our highly qualified nominees include: Jay Flaherty - Former CEO and Chairman of healthcare REIT HCP and experienced healthcare real estate investor and board member. Jonathan Litt - Founder/CIO of Land and Buildings and former top-ranked sell-side REIT analyst. Despite the Company's promise "to evaluate Land & Buildings' nominees," as stated in an 8-K filed July 3, 2019, we are disappointed the Nominating and Corporate Governance Committee has not engaged with our two nominees to date. In addition to the appointment of Messrs. Flaherty and Litt to the Board, Land & Buildings believes Brookdale's Investment Committee should be tasked with evaluating all strategies to maximize the value of the Company's real estate, including outright asset sales as well as separating the real estate from the management company into two separate public companies. The Investment Committee should include Land & Buildings' two nominees.Land & Buildings has engaged Green Street Advisors, a leading independent real estate research and advisory firm, to value the Company and its real estate, as well as opine on the feasibility of a PropCo/OpCo split. Green Street's preliminary results based on publicly available information are encouraging: the net asset value (NAV) of Brookdale is substantially above the current share price and there may be several options, including viable OpCo/PropCoREIT structures that could lead to a near doubling of the share price from recent trading levels. We believe the Company's prior concerns about a REIT structure can be straightforwardly addressed while creating substantial value for shareholders... Our continued preference is to reach a collaborative agreement with the Company that includes the items outlined in this letter so that value can be maximized in an expedient manner and without distraction. However, if our concerns continue to fall on deaf ears, we will have no choice but to hold this Board accountable. Brookdale should be run for the benefit of shareholders, not management, the Board, or the three large REIT landlords, which necessitates including new Board members steeped in real estate."
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CMTL | Hot Stocks09:12 EDT Comtech receives $4.2M of funding from U.S. Army - Comtech Telecommunications announced that during Q4, its Command & Control Technologies group, through its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, which is part of Comtech's Government Solutions segment, was awarded $4.2M in rapid innovation funding from the U.S. Army for an enhanced version of Comtech's next generation MT-2025 Blue Force Tracking satellite terminal that will incorporate a dual-mode BFT satellite transceiver and new antenna nulling technology.
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ADT | Hot Stocks09:11 EDT ADT Inc. settles lawsuit filed against NorthStar for $3M - ADT announced it settled a deceptive sales practices lawsuit filed against NorthStar Alarm Services for $3M. As part of the settlement, NorthStar agreed to a $5M consent judgment if the company defaults on paying the $3M settlement. As part of its case, ADT provided evidence from at least 500 customers stating they were victims of deceptive sales tactics from NorthStar employees over the past five years. This latest legal accomplishment comes less than two months after a South Florida jury awarded ADT $4M in damages, including $1M in punitive damages, in a similar deceptive sales lawsuit against Alder Holdings.
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TTEK | Hot Stocks09:10 EDT Tetra Tech wins $46M federal architect-engineer contract - Tetra Tech announced that the U.S. Army Corps of Engineers, Transatlantic Middle East District, or TAM, awarded Tetra Tech a $46M, single-award contract to provide engineering design services to support the U.S. Central Command and TAM missions worldwide. Under this five-year contract, Tetra Tech will provide technical design services for existing and new facilities and infrastructure improvement projects. Tetra Tech architects and engineers will support all phases of the project life cycle-from initial planning and program development through final design and engineering services during construction.
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MRLN | Hot Stocks09:09 EDT Marlin, Waterplay form partnership for financing program - Marlin and Waterplay announced a partnership to provide financing options for Waterplay customers. Marlin's financing options will be available to Waterplay's customers through its direct sales channel and authorized distributors. The strategic alliance will enable Waterplay's municipal and commercial customers to invest in the company's extensive range of products through Marlin's fast, convenient automated approval and documentation process.
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JPM | Hot Stocks09:07 EDT JPMorgan CEO Dimon says 'Our cup runneth over' with capital
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ANF... | Hot Stocks09:07 EDT abercrombie kids, Nickelodeon partner for #PlayIsLife campaign - abercrombie kids, a division of Abercrombie & Fitch (ANF), is partnering with global entertainment brand, Nickelodeon (VIA, VIAB), to make the world a more playful place through its #PlayIsLife campaign, marking Nickelodeon's first branded content partnership with a retail brand. This integrated collaboration aims to provide children with play-spiration through three elements: limited-time merchandise, an in-store experience in California, and a series of custom content on Nickelodeon's YouTube channel featuring dancer/actress Nicole Laeno and Gabe and Garrett, stars of the self-titled YouTube channel. The first video launched on July 14, with subsequent ones launching on July 28 and September 1, 2019. The abercrombie kids x Nickelodeon custom tee, which features a Nickelodeon-inspired "slimed" moose, will be available in U.S. stores and online for a limited time starting July 18. The influencers featured in the video series will support the campaign on- and off-screen through social media content and an appearance at an in-store event; on July 20, Nicole will visit the South Coast Plaza abercrombie kids store for a fan meet-and-greet, which will include a DIY jacket station, games and more.
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RMD | Hot Stocks09:04 EDT MatrixCare appoints Dheeraj Mahajan as EVP, CMO - MatrixCare, a wholly-owned subsidiary of ResMed, announced that Dheeraj Mahajan has joined its team as CMO and EVP to advance MatrixCare's vision of creating a seamless continuum where data moves with the patient, connecting both acute and post-acute care providers. Mahajan is president and CEO of Chicago Internal Medicine Practice and Research and leads its affiliated group of companies. He will remain in those roles.
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CP | Hot Stocks09:04 EDT Canadian Pacific CEO says 'we saw revenue growth across every line of business' - "This quarter, we saw revenue growth across every line of business, strong operating metrics, and our best-ever second-quarter performance from a workload perspective, as measured by Gross Ton-Miles," said CEO Creel. "As has been proven time and again, our operating model can perform well in all economic conditions and we will remain disciplined in controlling our costs and doing what we said we would do. Our strategy for sustainable, profitable growth is working and we look forward to a strong finish to 2019."
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IBM T | Hot Stocks09:04 EDT IBM and AT&T announce strategic alliance - IBM (IBM) and AT&T (T) announced a multi-year strategic alliance. Under the agreement AT&T Communications will use IBM's expertise to modernize AT&T Business Solutions' internal software applications, enabling migrations to the IBM Cloud. In addition, IBM will provide infrastructure to support AT&T Business's applications. AT&T Business will utilize Red Hat's open source platform to manage workloads and applications. The improvements will allow AT&T Business to better serve enterprise customers. IBM will also make AT&T Business its primary provider of software defined networking. AT&T Business will help transform IBM's networking solutions with their latest technologies including 5G, Edge Compute, and IOT as well as multi-cloud capabilities using Red Hat. This builds on the existing relationship where AT&T Business is IBM's strategic global networking provider.
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JPM FB | Hot Stocks09:03 EDT JPMorgan CEO Dimon says not feeling heat from Facebook's Libra - Jamie Dimon said: "We've been talking about blockchain for seven years now and very little has happened and you're going to be talking about Libra three years from now." "I wouldn't spend too much time on it," he said, adding that "We don't mind competition but the request is to be treated the same."
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BRSS | Hot Stocks09:02 EDT Global Brass and Copper trading halted, news dissemination
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LMT | Hot Stocks09:01 EDT Lockheed Martin to produce HIMARS launchers for U.S. Army - Lockheed Martin will produce High Mobility Artillery Rocket System, or HIMARS, launchers and associated hardware for the U.S. Army, U.S. Marine Corps, Romania and Poland under a $492 million contract, marking Poland's first acquisition of HIMARS launchers. The contract calls for the production and delivery of HIMARS launchers and associated equipment by 2022. The HIMARS vehicles will be produced from the ground up at Lockheed Martin's award-winning Camden, Ark., Precision Fires Center of Excellence.
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GS... | Hot Stocks08:59 EDT Fly Intel: Pre-market Movers - UP AFTER EARNINGS: Goldman Sachs (GS), up 1%... First Horizon (FHN), up 4%... J.B. Hunt (JBHT), up 7%. ALSO HIGHER: Melinta Therapeutics (MLNT), up 8% after the FDA accepted a supplemental new drug application for Baxdela for priority review and reporting preliminary Q2 net product sales of approximately $13.8M. DOWN AFTER EARNINGS: JPMorgan (JPM), down 2%... Wells Fargo (WFC), down 1%... Domino's Pizza (DPZ), down 7%. ALSO LOWER: Cognex (CGNX), down 4% after Goldman Sachs analyst Joseph Ritchie downgraded shares to Sell from Neutral and lowered his price target for the shares to $36 from $45. The analyst shuffled his ratings in the Americas Multi-Industry ahead of the Q2 earnings season. He sees a "rocky road ahead."... Qutoutiao (QTT), down 9% after announcing that, in compliance with recent regulatory requirements, from July 16 to October 15, Midu Novels will undergo product upgrades and temporarily suspend content updates and certain commercial activities... Medical Properties Trust (MPW), down 4% after a 45M share spot secondary priced at $17.29.
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NVCN | Hot Stocks08:57 EDT Neovasc expects to launch its Reducer in 2020 if approved by FDA - Neovasc provided a further update on its Neovasc Reducer program for the treatment of refractory angina. As previously announced, following guidance recently received from the FDA, Neovasc intends to seek the FDA's designation of the Reducer as a HUD for CCS Class IV refractory angina patients. If it is possible and if the FDA grants HUD designation for the Reducer for CCS Class IV patients, and if a subsequent HDE application is approved by the FDA as well, Neovasc expects to begin commercializing the Reducer in the U.S. by early 2020.
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JPM | Hot Stocks08:57 EDT JPMorgan CEO Dimon says business sentiment 'worse' due to trade war
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JNJ | Hot Stocks08:51 EDT Johnson & Johnson says Q2 results 'in-line with expectations' - Says expects to deliver competitive growth relative to the market for the full year. Comments from company's Q2 earnings conference call.
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STRL | Hot Stocks08:50 EDT Sterling Construction awarded $23.4M Springtown, TX highway project - Sterling Construction announced that its subsidiary, Texas Sterling Construction, was selected by the Texas Department of Transportation to reconstruct a one-and-a-half mile portion of FM 51 near Springtown, TX. The $23.4M project entails the reconstruction of an asphalt roadway into a three-lane concrete roadway with shoulders, along with the reconstruction of a bridge and the installation of new drainage and other related infrastructure. The project is scheduled to commence in Q3 and is expected to be completed in late 2021.
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CVSI | Hot Stocks08:50 EDT CV Sciences announces new production, warehouse facility in San Diego - CV Sciences announced the expansion of its operations with a new production and warehouse facility. The 45,500 square foot facility will expand the Company's capacity for hemp CBD oil production, warehousing and fulfillment by more than 500 percent to meet growing retailer and consumer demand for PlusCBD Oil products. The facility, located in San Diego, is expected to be operational in the fourth quarter of 2019 and will support CV Sciences' U.S. and international expansion opportunities. On July 10, 2019, CV Sciences announced the commencement of its domestic hemp sourcing initiative, including a commitment to more than 500 acres of U.S.-based hemp production for 2019. This new supply of U.S. produced hemp-based CBD will be extracted through CV Sciences' domestic supply chain partners and refined at the Company's San Diego production facilities, broadening the Company's global supply chain and raw material supply while reducing transportation and logistics costs.
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SOLO | Hot Stocks08:48 EDT ElectraMeccanica announces first SOLO EV owner reaches 20,000 kilometers - Electra Meccanica Vehicles announced that the company's first SOLO EV owner, Leona Greene of Green's & Beans Deli in New Westminster, BC, has reached the 20,000 Kilometers driven milestone in her first two years of ownership. The deli-owner has been driving her all-electric 1st generation SOLO as her primary vehicle since 2017, using it as a delivery and commuter vehicle.
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JPM | Hot Stocks08:45 EDT JPMorgan CFO says sees up to three rate cuts this year
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OBLN | Hot Stocks08:42 EDT Obalon Therapeutics receives two patents covering intragastric balloon system - Obalon Therapeutics announced that the U.S. Patent and Trade Office has issued the Company two new patents: U.S. Patent No. 10,327,936 and U.S. Patent No. 10,335,303. The newly issued patents provide additional coverage for Obalon's proprietary intragastric balloon system and specific technological components. The issued patent claims include an encapsulated gastric balloon with a push catheter assembly to aid balloon placement in patients that may not be able to easily swallow the capsule, and the company's self-sealing valve system that is critical to enabling the use of gas to fill the balloon.
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DSS | Hot Stocks08:41 EDT Document Security appoints Jason Grady as COO - Document Security Systems announced that Jason Grady has been appointed COO, effective immediately. For the past year, Grady has served as president of the company's packaging and printing division, Premier Packaging Corp. As COO of DSS, Grady will provide his leadership, management and vision to guide the organization in the execution of growth-focused strategies and product development.
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JPM | Hot Stocks08:40 EDT JPMorgan CFO says overall IB pipeline is 'healthy'
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GILD | Hot Stocks08:39 EDT Gilead subsidiary Kite announces plans for viral vectors facility in California - Kite, a Gilead company, announced plans for a new 67,000-square-foot facility in Oceanside, California, dedicated to the development and manufacturing of viral vectors, a "critical" starting material in the production of cell therapies. The new site builds on Kite's existing manufacturing capabilities to deliver cell therapies for people with cancer, including Yescarta, Kite's first commercially available chimeric antigen receptor T cell therapy, and investigational T cell receptor and tumor neoantigen targeting cell therapies being evaluated in solid tumors. Kite's facility will be constructed within an existing Gilead biologics operations facility in Oceanside and will become part of Kite's commercial manufacturing network that includes sites in California, Maryland and the Netherlands.
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MEDIF | Hot Stocks08:39 EDT Medipharm Labs says 'continuing to evolve' product mix - The company said, "MediPharm Labs is continuing to evolve its product mix. The bulk of its production and revenue to date has been in high quality winterized resin. This critical input ingredient will become the key building block for future high-growth and high-margin products: Soft Gel Caps: MediPharm Labs has focused on building scale across operations and product lines including bottled oil and gel caps. An industrial scale soft gel capsule project is underway. Equipment has been deployed, equipment training has started, and formulation work is being conducted.Vapourizers: The Company is building the foundation to be one of the largest vaporizer cartridge manufacturers in Canada. With new regulations finalized and set to come into effect on October 17, 2019 MediPharm Labs has finalized various formulations and started vapourizer pen cartridge filling research and development trials to ensure readiness to serve current and future white-label partners."
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JPM | Hot Stocks08:38 EDT JPMorgan CFO says doesn't see signs of broad-based deterioration in portfolio - CFO Jennifer Piepszak says does not see any signs of broad-based deterioration across portfolios, both Consumer and Wholesale. Comments taken from Q2 earnings conference call.
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MEDIF | Hot Stocks08:38 EDT Medipharm says capacity of dry cannabis processing at 300,000 KG annually - The company said, "MediPharm Labs has successfully completed several equipment automation and innovation projects. The success of these optimization projects has resulted in an increased in capacity of dry cannabis processing to 300,000 KG annually. As a global leader in extraction with a focus on providing high quality cannabinoid concentrates, MediPharm Labs recently completed a 14-month project for an additional, fully customized large-scale extraction line. The extractor has completed its factory testing in Europe and is being shipped to the Company's Barrie, Ontario facility. Upon completion of installation, operator training, EU GMP qualification and regulatory prestart activities, operational capacity of specialized and automated dry cannabis processing will exceed 500,000 KG annually. "
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ITI | Hot Stocks08:37 EDT Iteris receives $2.95M additional task order funding from FHWA - Iteris announced that it has received an additional $2.95M in funding for a task order under its indefinite delivery/indefinite quantity, or IDIQ, contract from the Federal Highway Administration, or FHWA, to provide continued development, evolution and deployment support for the intelligent transportation system, or ITS, reference architecture program. Under the three-year task order agreement, which was initiated in June 2018 and is part of a five-year IDIQ contract with a contract ceiling of up to $19.5M, Iteris will support the evolution of the Architecture Reference for Cooperative and Intelligent Transportation, or ARC-IT, content to reflect changes in ITS, and connected and automated vehicle, or CAV, developments. The program supports statewide and regional ITS planning and deployment to encourage interoperability and CAV preparedness through workshops, training and technical assistance. An important aspect of the program is alignment with and support for standards development activities, as well as international coordination of ITS architecture and standards concepts and approaches.
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ZYME CELG | Hot Stocks08:37 EDT Zymeworks receives $7.5M after Celgene exercises option to a commercial license - Zymeworks (ZYME) announced that its global biopharma partner Celgene (CELG) has selected a therapeutic candidate in oncology for further development and exercised its option to a commercial license under the companies' 2014 Azymetric collaboration and licensing agreement. Zymeworks' proprietary Azymetric technology platform enables the development of bispecific and multifunctional therapeutics with broad potential for the treatment of cancer, inflammation and infectious disease. Zymeworks will receive a $7.5M payment as a result of Celgene's exercise of its option to a commercial license. Celgene is one of five global biopharmaceutical companies that has expanded their collaboration agreements with Zymeworks to increase the number of potential products commercialized based on the Azymetric platform. Under the terms of the original 2014 agreement, Zymeworks granted Celgene a license to research, develop, and commercialize up to eight bispecific antibodies, and in 2018, the companies increased the number of potential products to ten. For each of the up to ten products, Zymeworks is eligible to receive up to $164M comprised of a licensing fee and development and commercial milestones in addition to royalties on worldwide sales.
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MCO | Hot Stocks08:35 EDT Moody's to sell MAKS business to Equistone Partners Europe - Moody's announced that it has agreed to sell its Moody's Analytics' Knowledge Services, or MAKS, business to Equistone Partners Europe, a European private equity firm. The transaction is expected to close later this year, subject to customary closing conditions. It is expected to be dilutive to Moody's EPS on a GAAP basis in full-year 2019 by up to 20c per share, mainly due to certain non-recurring charges associated with the transaction, which will be finalized at closing. On an adjusted EPS basis, excluding the aforementioned non-recurring charges, the impact to FY19 results will be negligible. It is anticipated that sale proceeds and repatriated offshore cash will be used to repurchase approximately $300M of Moody's outstanding stock.
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MEDIF | Hot Stocks08:35 EDT Medipharm adding over 25,000 square feet of production space at Ontario facility - The company said, "At MediPharm Labs' facility in Barrie, Ontario, the Company is adding over 25,000 square feet of purpose-built production space for filling and packing automation, new product manufacturing, cannabinoid isolation activities and specialized R&D projects. Taking a phased approach, operations in this new space are expected to come as each phase becomes approved by Health Canada during the second half of 2019. "
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MEDIF | Hot Stocks08:34 EDT Medipharm to rollout distribution of products to remaining provinces in 2H19 - The company said, "During the quarter, MediPharm Labs became the only third-party concentrate manufacturer to begin shipping white label products, including bottled oil, to Provincial cannabis distributors. MediPharm Labs' white label products can be found in three provinces including Ontario, British Columbia and Alberta. The Company expects to rollout distribution of Health Canada approved products to all remaining provinces during H2 2019. MediPharm Labs successfully completed its first international export of commercial volume cannabis concentrate to AusCann in Australia in June 2019. The Company continues to focus on accessing and distributing its private label cannabis concentrate to global markets, including across Europe, and is working on various commercial terms."
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MEDIF | Hot Stocks08:32 EDT Medipharm Labs says purchased dried cannabis from over 23 suppliers - The company said, "To date, the Company has purchased dried cannabis from over 23 suppliers across the country. MediPharm Labs has conducted in-depth qualifications of all of its dry cannabis and product suppliers. Potential suppliers to MediPharm Labs are subjected to rigorous scrutiny before entering into agreements which require an enhanced Quality Agreement beyond Health Canada standards. This enhanced supplier qualification aligns with our pharmaceutical-like standards for production of cannabis oil and derivative products. All suppliers and customers remain in good standing with Health Canada Licensing and Inspection division."
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MEDIF | Hot Stocks08:32 EDT Medipharm Labs acquired 9,000 KG of dried cannabis at end of June - The company said, "The number of dry cannabis suppliers and concentrate purchasers in Canada continues to increase. In turn, this has resulted in higher demand that supports MediPharm Labs' differentiated, private label business model.The Company announced it successfully acquired 9,000 KG of dried cannabis in the last three weeks of June 2019 expected to be processed and sold in Q3 2019, and 5,000 KG in the last two weeks of March 2019 that were processed and sold in Q2 2019."
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SLP | Hot Stocks08:31 EDT Simulations Plus enters new research collaboration with FDA - Simulations Plus announced that it has entered into a new five-year research collaboration agreement with the FDA's Center for Veterinary Medicine to evaluate alternative approaches for determining product bioequivalence for locally-acting drugs in animals.
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MEDIF | Hot Stocks08:30 EDT Medipharm increases production of private label cannabis concentrate products - MediPharm Labs has increased production of private label cannabis concentrate products and distillate supply - including CBD or THC dominant as well as balanced formulations - to meet the growing demand for specialty concentrate based consumer end products ahead of legalization of vapeables, edibles and topicals in the fall of 2019. Production and quality operations teams ramped up weekly production output to approximately 75 million milligrams of active cannabinoid component concentrate at the end of Q2 2019. To date, MediPharm Labs has signed four significant contracts for the sale of private label cannabis concentrate. The Company also launched its White Label platform to service direct-to-consumer brands, CPG companies and large LPs in Canada. In June 2019, MediPharm announced its first white label deal to produce a minimum of approximately two million vape pens with Ace Valley, subject to purchase orders from provincial distributors.
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GSUM | Hot Stocks08:30 EDT Gridsum trading resumes
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MEDIF | Hot Stocks08:29 EDT Medipharm CEO says 'executing exceptionally well' against strategic priorities - "MediPharm Labs is executing exceptionally well against all of our strategic operating priorities for 2019 and this will be reflected in our financial results for Q2 and beyond," said CEO Patrick McCutcheon." I am particularly pleased with the pace of new sales, the advancements we're making in scaling up global production and the high-quality collaborations underway with industry Health Canada compliant suppliers, customers and scientific partners. I am confident that our recent momentum will continue as we strive to produce the world's best cannabis concentrates and drive future cannabis product innovation."
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MEDIF... | Hot Stocks08:28 EDT Medipharm Labs set to open new large-scale extraction line in 2019 - MediPharm Labs (MEDIF) provided an update to investors on the strategic progress it is making, including with its ramp up of production capacity to supply its growing customer base. Growing Private Label Volume & Forging White Label Platform: To date, MediPharm Labs has signed four large contracts including with Canopy Growth (CGC), Cronos Group (CRON) and AusCann for the sale of private-label cannabis concentrate. It has also launched a White Label platform to serve consumer packaged goods companies and licensed producers in Canada and announced a supply contract for a minimum of approximately two million vape pens with Ace Valley, subject to purchase orders from provincial distributors. Increasing Production: By end of 2Q19, the Company increased production to an average of 75 million milligrams of active cannabinoid component concentrate on a weekly basis that will support significant, large-scale white label contracts. Building Scale: MediPharm Labs has increased annual dried cannabis processing capacity to 300,000 KG and with a new customized, large-scale extraction line set to open in 2019, annual capacity is expected to increase to over 500,000 KG. Broadening Global and Domestic Distribution: MediPharm Labs has commenced global distribution with its first exports to Australia and has become the first and only third-party concentrate manufacturer to start shipping private label products to three Canadian Provincial distributors with a rollout to all provinces expected by the end of 2019. Expanding Footprint: The Company plans to open, subject to Health Canada approval, 25,000 square feet of additional licensed space in 2H19 for significant automation to support filling, packaging and new product manufacturing, cannabinoid isolation activities and specialized R&D. Increasing Dried Cannabis Supply: MediPharm Labs purchased 9,000 KG of dried cannabis in June 2019 and expects to process and sell it in 3Q19. Governance and Quality: The Company has acquired dried cannabis from more than 23 Health Canada-compliant Licensed Producers that meet MediPharm Labs' enhanced quality control agreements and third-party testing. New Product Development: The Company will ramp up industrial scale Soft Gel capsule capabilities in 3Q19 and is building the foundation to be one of the largest vapourizer fill manufacturers in Canada by this fall. Australia Gaining Momentum: MediPharm Labs Australia received its manufacturing licence in May from the Australian Office of Drug Control. Construction of the facility is well underway and nearing completion with equipment ordered for installation in 2H19. MediPharm Labs Australia is expected to have 75,000 KG of annual capacity. Financing: The Company completed a $75M bought deal financing to fund capital expenditures at its Canadian and Australian facilities, for domestic and international expansions, research and development and general corporate purposes. Signed a $20M debt facility term sheet with a Schedule 1 Bank.
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APRN BYND | Hot Stocks08:26 EDT Blue Apron jumps after saying Beyond Meat burgers are coming in August - Shares of from Blue Apron (APRN) are moving higher after the company announced that plant-based proteins from Beyond Meat (BYND) will be included on its "Signature Two-Serving Plan" starting in August. Consumers can begin placing orders for new "Blue Apron x Beyond Meat" August recipes now through Blue Apron's website and mobile app, the company said in a statement. Recipes include caramelized onion and cheddar Beyond burgers with garlic green beans the week of August 19 and jalapeno and goat cheese Beyond burgers with corn on the cob the week of August 26. "We know a growing number of customers are interested in plant-based proteins, whether as an alternative to meat, a desire to explore a new ingredient, or an opportunity to make more sustainable food choices," said Linda Kozlowski, CEO of Blue Apron. Shares of Blue Apron are up 7% to $8.20 in premarket trading while Beyond Meat is up 1% to $167.60.
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IMBI EVLV | Hot Stocks08:24 EDT Evine Live changes name to iMedia Brands - iMedia Brands (IMBI) announced the Company's name change from Evine Live (EVLV) to iMedia Brands, Inc. is complete. In addition, the Company announced that on July 17th its common stock will be transferred from the Nasdaq Global Select Market to the Nasdaq Capital Market and its shares will begin to trade under the symbol "IMBI" at the opening of business on July 17, 2019. The Company is now being afforded an additional 180-day grace period, or until January 12, 2020, to regain compliance with the Nasdaq's minimum bid price requirement. In order to regain compliance, the minimum bid price per share of its common stock must be at least $1.00 for at least ten consecutive business days during the additional 180-day grace period. If the Company fails to regain compliance during this grace period, the common stock will be subject to delisting by Nasdaq. The Company has provided written notice of its intention to cure the minimum bid price deficiency during the second grace period by effecting a reverse stock split, if necessary.
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RILY | Hot Stocks08:22 EDT B. Riley Financial appoints Mimi Walters to board of directors - B. Riley Financial announced the appointment of Mimi Walters to the Company's Board of Directors, effective July 12, 2019. Ms. Walters brings significant business, finance and policy expertise with more than 20 years of public service and private sector experience. The appointment of Ms. Walters brings the number of Directors on the Company's Board to nine, of which six are independent. As Director, she will also serve on the Board's Governance Committee. Walters is a former U.S. Representative from California's 45th Congressional District.
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TBPMF | Hot Stocks08:21 EDT Tetra Natural Health to release Hemp Energy Drink in over 500 stores in Quebec - Tetra Natural Health Inc., a division of Tetra Bio-Pharma, announced that it has signed an agreement with Distribution AB inc. for the distribution of the three flavours of the new Hemp Energy Drink in more than 500 grocery and convenience stores located on the south shore of the St. Lawrence River, mainly in the Monteregie, Eastern Townships, Centre du Quebec and Mauricie region on the north shore. The Hemp Energy Drink should be available to consumers in several stores in these regions before the end of July. Visit www.hempenergydrink.ca for store locations.
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MDRX | Hot Stocks08:19 EDT Allscripts selected by St. Luke's Medical Center as EHR - St. Luke's Medical Center has selected Allscripts Sunrise Acute Care as its electronic health record, or EHR, to achieve the goal of standardization across its facilities via a single, integrated EHR. St. Luke's Medical Center is recognized as a healthcare institution in the Philippines, having a total of 1,146 rooms with its Quezon City and Global City sites.
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GNLN | Hot Stocks08:19 EDT Greenlane granted second patent for Pollen Gear child-resistant SnapTech bags - Greenlane Holdings announced that the U.S. Patent Office has granted the Company its second patent for Pollen Gear's child-resistant SnapTech Bags. Pollen Gear, a producer of premium, customizable and patented child-resistant packaging solutions, is a wholly-owned subsidiary of Greenlane following its January 2019 acquisition. Prior to the acquisition, Greenlane was the exclusive global distributor of Pollen Gear products and the companies have a proven track record of bringing industry leading products that promote product safety and responsible consumption to legal cannabis markets. United States Patent Numbers D843,225 and D807,197 cover Pollen Gear's snap-locking mechanism, which provides cannabis brands with ASTM child-resistant solutions to the ever changing packaging compliance landscape. This new patent adds to Greenlane's existing global portfolio of more than 100 patents and patent applications directed across all Pollen Gear container technology, which includes over 30 patents and patent applications for the trendsetting Hi-Line jar, a now iconic design that is virtually synonymous with premium cannabis.
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MREO | Hot Stocks08:17 EDT Mereo BioPharma appoints Richard Francis as head of pharmaceutical development - Mereo BioPharma announces the appointment of Richard Francis as Head of Pharmaceutical Development, effective August 1, 2019. Prior to joining Mereo BioPharma, Francis was the owner and senior director of Francis Biopharma, where he served as an expert CMC consultant to over 30 biopharmaceutical clients, including Mereo.
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SATS | Hot Stocks08:17 EDT EchoStar subsidiary Hughes awarded NASPO contract - Hughes Network Systems announced it has been awarded a NASPO ValuePoint contract to deliver HughesNet for Business to state agencies and eligible political subdivisions. Under the agreement, Hughes will provide its flagship high-speed satellite Internet service, HughesNet, to state and local government offices and facilities, including police and fire stations, park offices, schools and libraries, and environmental monitoring stations in participating states.
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OSPN | Hot Stocks08:14 EDT Avaloq integrates OneSpan solutions into cloud-based banking platform - OneSpan announced that Avaloq has integrated OneSpan solutions into its cloud-based banking platform. These integrations make it faster and more convenient for banks to connect OneSpan's anti-fraud solutions to their core banking systems using open APIs to secure access, transactions and identities. OneSpan's solutions now form part of Avaloq's overall authentication solution and are integrated into Avaloq's platform. OneSpan's integration allows banks to easily add mobile authentication, transaction signing and multifactor authentication.
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MANT AMZN | Hot Stocks08:12 EDT ManTech named AWS Government Competency partner - ManTech (MANT) announced that it has attained Government Competency for AWS Cloud (AMZN) services. As a trusted AWS partner, ManTech can now provide AWS Cloud services to government customers to help them drive efficiencies, improve quality, increase innovation and benefit from the significant savings associated with cloud services
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SGEN ALPMY | Hot Stocks08:10 EDT Seattle Genetics, Astellas Pharma announce submission of enfortumab vedotin BLA - Seattle Genetics (SGEN) and Astellas Pharma (ALPMY) announced submission of a biologics license application for accelerated approval to the FDA for the investigational agent enfortumab vedotin for the treatment of patients with locally advanced or metastatic urothelial cancer who have received a PD-1/L1 inhibitor and who have received a platinum-containing chemotherapy in the neoadjuvant/adjuvant, locally advanced or metastatic setting. The submission is based on results from the first cohort of patients in the EV-201 pivotal phase 2 clinical trial that were presented as a late-breaking abstract at the annual meeting of the American Society of Clinical Oncology. Enfortumab vedotin is an investigational antibody-drug conjugate that targets Nectin-4, a protein that is highly expressed in urothelial cancers.
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APRN BYND | Hot Stocks08:09 EDT Blue Apron introduces Beyond Meat on menus beginning in August - Blue Apron (APRN) announced the following: "Beginning this summer, home cooks across the country can explore cooking seasonal recipes from Blue Apron that feature plant-based proteins from Beyond Meat (BYND). Blue Apron x Beyond Meat recipes will be included on Blue Apron's Signature Two-Serving Plan starting in August with flavorful summer burgers specially crafted by the Blue Apron Culinary Team that feature the popular Beyond Burger. Consumers can begin placing orders for the new August recipes now through Blue Apron's website and mobile app."
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SPRO | Hot Stocks08:08 EDT Spero Therapeutics announces $5.9M award from DoD to develop SPR206 - Spero Therapeutics announced that it has received a $5.9M award from the U.S. Department of Defense Congressionally Directed Medical Research Programs Joint Warfighter Medical Research Program The U.S. Army Medical Research Acquisition Activity, 839 Chandler Street, Fort Detrick MD 21702- 5014 is the awarding and administering acquisition office. The funding will support the further clinical development of SPR206, Spero's intravenous-administered product candidate from its Potentiator Platform that is being developed as an innovative alternative option to treat MDR Gram-negative bacterial infections. The award commits non-dilutive funding of $5.9M over a four-year period to cover the costs of select Phase 1 pharmacology studies, a 28-day GLP non-human primate toxicology study, and microbiological surveillance studies that would be required for a potential New Drug Application submission with the U.S. Food and Drug Administration for SPR206. In preclinical studies, SPR206 has demonstrated activity as a single agent against MDR and extensively drug resistant bacterial strains, including isolates of Pseudomonas aeruginosa, Acinetobacter baumannii and carbapenem-resistant Enterobacteriaceae, in both in vitro and in vivo models of infection. SPR206 is currently being evaluated in a first-in-human Phase 1 clinical trial, designed as a double-blind, placebo-controlled, single and multiple ascending dose, multi-cohort study in healthy subjects. Spero expects to report top-line data from this trial in the second half of 2019.
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SGEN ALPMY | Hot Stocks08:07 EDT Seattle Genetics, Astellas Pharma submit BLA to FDA for enfortumab vedotin - Astellas Pharma (ALPMY) and Seattle Genetics (SGEN) announced submission of a Biologics License Application for accelerated approval to the U.S. FDA for the investigational agent enfortumab vedotin for the treatment of patients with locally advanced or metastatic urothelial cancer who have received a PD-1/L1 inhibitor and who have received a platinum-containing chemotherapy in the neoadjuvant/adjuvant, locally advanced or metastatic setting.
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VRML | Hot Stocks08:07 EDT Vermillion announces publication of Overa comparative study results - Vermillion announced publication of a paper in the journal Advanced Therapeutics. The study of 993 patients with 245 malignancies shows that Vermillion's second generation multivariate index assay, Overa, had superior sensitivity to the current standards of care, Risk of Malignancy Algorithm, or ROMA, and CA125, in detecting ovarian cancer, and the lowest false-negative rate in correctly characterizing ovarian malignancy risk. Overa exhibited a statistically significant higher sensitivity of malignancy detection than either ROMA or CA125, with the current ACOG guidance cutoff of 200 U/ml. Overa also outperformed CA125 in detection of combined early stage cancer with a sensitivity of 90.5% for Overa and a sensitivity of 63.1% for CA125. Overa sensitivity also tended to outperform ROMA in detection of combined early stage cancer. Overa also tended to exhibit higher sensitivity than CA 125 and ROMA regardless of cancer type. Overa exhibited a higher non-epithelial cancer sensitivity of 75% compared with 50% for ROMA, and 37.5% for CA125. This gap is significant as non-epithelial cancers are more prevalent in disparate populations. Out of the 245 malignancies Overa exhibited the lowest rate of false negatives compared with CA125 or ROMA. As compared to CA125 and ROMA, Overa exhibited the highest sensitivity according to menopausal status. Overa also had identical sensitivity for pre- and post-menopause.
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MOGO | Hot Stocks08:07 EDT Mogo Finance announces partnership with League - Mogo announced a new partnership with League, a leading digital employee health benefits platform, under which Mogo's identity fraud protection solution, MogoProtect, has been added to the League member marketplace. League's cloud-based infrastructure connects forward-thinking businesses and their employees with health insurance, flexible spending accounts, health content, curated health journeys and on-demand, live health support.
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MIDD | Hot Stocks08:07 EDT Middleby acquires Packaging Progressions, terms not disclosed. - Middleby announced the acquisition of Packaging Progressions. Based in Souderton, PA, the company has $30M in annual revenues. Additional terms were not disclosed.
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WFC | Hot Stocks08:06 EDT Wells Fargo says continued to make progress on top priorities in Q2 - Interim CEO Allen Parker said, "In second quarter 2019, we recorded strong earnings and continued to make progress on our top priorities: focusing on our customers and team members; meeting the expectations of our regulators; and continuing the important transformation of our Company. The commitment of our team members to provide outstanding customer service was reflected in higher customer experience survey scores from our branches, continued growth in primary consumer checking customers, and an increase in referred investment assets as a result of the partnership between our Wealth and Investment Management team and our Community Banking team. During the second quarter, we formed a new Strategic Execution and Operations Office that will focus on achieving operational excellence across our businesses to enable us to execute more effectively on our regulatory priorities and further drive our transformation. Finally, our recent CCAR results demonstrated the strength of our diversified business model, our strong capital position, our sound financial risk management, and our commitment to return excess capital to our shareholders in a prudent manner. I'm confident that all our stakeholders will benefit from the transformational changes we are implementing as we work to build the most customer-focused, efficient, and innovative Wells Fargo ever."
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OTLK | Hot Stocks08:06 EDT Outlook Therapeutics doses first patient in second Phase 3 trial for ONS-5010 - Outlook Therapeutics announced that it has dosed the first patient in the ONS-5010-002 Phase 3 clinical trial. ONS-5010-002 is the second of the Company's two required adequate and well controlled Phase 3 clinical trials evaluating ONS-5010 against ranibizumab for wet AMD. The study is expected to enroll a total of at least 220 patients at sites in the United States. Patients enrolled in the ONS-5010-002 study will be treated for 11 months. The endpoint for the study is a mean increase in baseline visual acuity of at least five letters at 11 months for ONS-5010 dosed on a monthly basis compared to ranibizumab dosed using the approved alternative dosing regimen of three monthly doses followed by quarterly dosing. Full enrollment for ONS-5010-002 is expected in the fourth quarter of calendar 2019. If the ONS-5010 clinical program is successful, it will support the Company's plan to submit for regulatory approval in multiple markets in 2020. If approved, ONS-5010 has potential to mitigate risks associated with off-label use of Avastin or other drugs. Off label use of Avastin is currently estimated to account for at least 50% of all wet AMD prescriptions in the United States.
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WFC | Hot Stocks08:05 EDT Wells Fargo reports Q2 net interest income $12.1B, down $446M - Reports Q2 noninterest income $9.5B, up $477M. Reports average deposits of $1.3T, down $2.4B. Return on assets of 1.31%, return on equity of 13.26%, and return on average tangible common equity of 15.78%. Credit quality: Provision expense of $503 million, up $51 million from second quarter 2018; Net charge-offs of $653 million, up $51 million; Net charge-offs of 0.28% of average loans, up from 0.26%.
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SOLY | Hot Stocks08:05 EDT Soliton submits pivotal cellulite clinical trial protocol for IRB approval - Soliton announced that the company has submitted its pivotal cellulite clinical trial protocol for independent Institutional Review Board, or IRB, approval.
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CAH | Hot Stocks08:05 EDT Cardinal Health names Stephen Mason as CEO of company's Medical segment - Cardinal Health announced that Stephen Mason, President of the company's Cardinal Health at-Home Solutions business, has been promoted to CEO of Cardinal Health's Medical segment. Mason will succeed Jon Giacomin, who will be departing the company in mid-August to assume a CEO position at a privately-held company.
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SCPH | Hot Stocks08:04 EDT scPharmaceuticals expects to resubmit FUROSCIX NDA by mid-year 2020 - scPharmaceuticals announced it received minutes from the Type C Guidance Meeting held on June 18, 2019, between the Company and the U.S. Food and Drug Administration, to discuss the Company's New Drug Application for FUROSCIX, scPharmaceuticals' lead program for the treatment of congestion in patients with heart failure. As an outcome of the meeting, the FDA confirmed that it does not believe it will be necessary to conduct additional clinical safety, efficacy, or pharmacology studies as part of scPharmaceuticals' NDA for FUROSCIX. The FDA further provided recommendations on the Company's proposed device verification and validation plan for the FUROSCIX Infusor, which is currently underway. The FUROSCIX Infusor is West Pharmaceutical Services, SmartDose drug delivery system integrated with FUROSCIX. As a result of the Type C Meeting, scPharmaceuticals is accelerating its timeline and now expects resubmission of the FUROSCIX NDA with the FDA by mid-year 2020.
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WFC | Hot Stocks08:04 EDT Wells Fargo reports Q2 total average loans $947.5B, down $2.6B from Q1
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WFC | Hot Stocks08:03 EDT Wells Fargo reports Q2 total average lowns $947.5B, down $2.6B from Q1
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GSUM | Hot Stocks08:03 EDT Gridsum receives proposal letter to acquire the company in private transaction - Gridsum Holding announced that its Board of Directors has received a preliminary non-binding proposal letter, dated July 15 from Guosheng Qi, chairman of the Board and the CEO of the Company, Guofa Yu, a director and the COO of the Company, and their respective affiliated entities, and Beta Dynamic Limited, an affiliate of Hammer Capital Private Investments proposing to acquire the Company in a going private transaction for US$3.80 in cash per American depositary share or US$3.80 in cash per ordinary share. According to the proposal letter, the Consortium Members intend to finance the Transaction with a combination of debt and equity capital. The equity financing will be provided by the Consortium Members in the form of cash and rollover equity in the Company. The debt financing is expected to be provided by loans from third party financial institutions.
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NLSN AMZN | Hot Stocks08:03 EDT Nielsen moves TV ratings platform to AWS - Nielsen (NLSN) announced that as part of an ongoing initiative to transform the technology infrastructure that powers its products and services, it has migrated its core National Television Audience Measurement processing from traditional on-premise server processing to a cloud-based infrastructure. These assets serve as the foundation for the industry currency, underpinning over $70B dollars in advertising revenue in the U.S. annually. Working alongside with Amazon Web Services (AMZN), this major initiative provides Nielsen with the key foundation to improve scalability, redundancy and reliability, which has never been more crucial in an industry that has seen the rapid advancement of technical capabilities and innovation.
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WFC | Hot Stocks08:03 EDT Wells Fargo reports Common Equity Tier 1 ratio of 12% - The Company's Common Equity Tier 1 ratio was 12.0% and continued to exceed both the regulatory minimum of 9% and its current internal target of 10%. In second quarter 2019, the Company repurchased 104.9 million shares of its common stock, which, net of issuances, reduced period-end common shares outstanding by 92.4 million. The Company paid a quarterly common stock dividend of $0.45 per share. In June 2019, the Company received a non-objection to its 2019 Capital Plan from the Federal Reserve. As part of the plan, the Company expects to increase its third quarter 2019 common stock dividend to $0.51 per share, subject to approval by the Company's Board of Directors. The plan also includes up to $23.1 billion of gross common stock repurchases, subject to management discretion, for the four-quarter period from third quarter 2019 through second quarter 2020. In addition, the Company may consider redemptions or repurchases of other capital securities as part of the plan. As of June 30, 2019, its eligible external total loss absorbing capacity as a percentage of total risk-weighted assets was 24.1%, compared with the required minimum of 22.0%.
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LOGC | Hot Stocks08:02 EDT LogicBio Therapeutics receives rare pediatric disease designation for LB-001 - LogicBio Therapeutics announced the U.S. Food and Drug Administration has granted rare pediatric disease designation to LB-001, a recombinant adeno-associated viral vector with human methylmalonyl-COA mutase gene for the treatment of methylmalonic acidemia. In addition to rare pediatric disease designation, LogicBio previously received orphan drug designation from the FDA for LB-001.
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KEY | Hot Stocks08:01 EDT KeyCorp reports fraudulent activity found by business customer - In a regulatory filing, KeyCorp disclosed that on or about July 9, the company discovered fraudulent activity associated with transactions conducted in the third quarter of 2019 by a business customer of KeyBank National Association, a subsidiary of the company. "The company continues to investigate this matter to determine the potential exposure to the company, which the company currently estimates could be up to $90M, net of tax. The ultimate financial impact could be lower and will depend, in part, on the company's success in its efforts to recover the funds. The company plans to pursue all available sources of recovery and other means of mitigating the potential loss. The company is working with the appropriate law enforcement authorities in connection with this matter. The company may be limited in what information it can disclose due to the ongoing investigation. Based on the company's review of the circumstances of the fraudulent activity, the company believes this incident is an isolated occurrence involving a single business relationship," KeyCorp stated in the filing. In pre-market trading following the disclosure, KeyCorp shares are down 43c, or 2.4%, to $17.16.
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GSUM | Hot Stocks07:55 EDT Gridsum trading halted, news pending
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GOOGL | Hot Stocks07:51 EDT Trump tweets will 'take a look' at Google work with China government - President Donald Trump tweeted: " 'Billionaire Tech Investor Peter Thiel believes Google should be investigated for treason. He accuses Google of working with the Chinese Government.' @foxandfriends A great and brilliant guy who knows this subject better than anyone! The Trump Administration will take a look!"
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CPTA | Hot Stocks07:47 EDT Capitala Group exits Xirgo Technologies, US Bath Group - Capitala Group announced that it has exited Xirgo Technologies, and US Bath Group, which does business as MPL Company. On June 13, 2019, the Company exited its $15.8M subordinated debt investment at par in Xirgo, M2M communication platforms used to track, monitor, protect and control remote assets. Capitala continues to hold its minority equity investment. On June 18, 2019, the Company exited its investment in US Bath, a manufacturer of engineered composite products primarily for the hotel industry. Proceeds from the exit totaled $16.7M; $12.4M for full repayment of its senior secured debt at par, and $4.3M for its equity investment.
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ENLV | Hot Stocks07:40 EDT Enlivex Therapeutics announces dual listing on Tel Aviv Stock Exchange - Enlivex Therapeutics announced that the Tel Aviv Stock Exchange approved the listing of its ordinary shares effective July 22, 2019, under the symbol ENLV. Enlivex has a current market capitalization of approximately $220M, and is expected to join the TASE leading indices effective October 2019. The Company's ordinary shares will continue to trade on NASDAQ, and the Company will continue to comply with the reporting and disclosure requirements of the U.S. Securities and Exchanges Commission applicable to foreign private issuers. In the framework of the dual listing, the Company will not be required to submit additional reports beyond those required in the United States. Enlivex is developing ALLOCETRA, an immunotherapy based on a unique mechanism of action that targets life threatening diseases that are defined as "unmet medical needs". Enlivex has completed a phase IIa clinical trial to prevent graft-versus-host disease in a matched donor population. In addition, the Company recently reported an update from a Phase Ia clinical study of Allocetra in sepsis, which showed a positive safety profile among the first three patients. A phase II/III clinical trial for preventing complications after bone marrow transplants is expected to begin in the first half of 2020.
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MLNT | Hot Stocks07:37 EDT Melinta Therapeutics says FDA accepted Baxdela sNDA for priority review - Melinta Therapeutics provided a corporate update for the second quarter ended June 30, 2019. On July 10, The World Health Organization added Vabomereto its Essential Medicines List for its ability to target multidrug-resistant infections caused by pathogens deemed a "critical priority" by the WHO, including carbapenem-resistant Enterobacteriaceae. The U.S. Food and Drug Administration recently accepted for priority review a supplemental New Drug Application for Baxdela seeking to expand the current indication to include adult patients with community-acquired bacterial pneumonia; the FDA has assigned a Prescription Drug User Fee Act action date of October 24, 2019. Sixteen scientific presentations and posters of portfolio and pipeline data have been accepted for presentation at the Infectious Diseases Society of America IDWeek 2019 meeting and at the American College of Chest Physicians CHEST Meeting.
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MIST | Hot Stocks07:36 EDT Pappas Capital announces to leadership team appointments - Pappas Capital announced the promotion of Kyle Rasbach to a Managing Partner of Pappas Ventures, the firm's venture capital business. In his new role, Rasbach will help to oversee Pappas Ventures and lead fundraising and investment efforts for its future venture funds. Pappas Capital also announced that Matthew Boyer has been named CFO, succeeding Ford Worthy who will continue with the firm as a Partner and Senior Advisor. Rasbach joined Pappas Capital as a Partner in January 2018. Previously, he was a Vice President at T. Rowe Price, where he managed pharmaceutical, specialty pharmaceutical and biotechnology investments. Boyer joined Pappas Capital as Controller in 2013 and has served as Director of Finance since 2017. Previously, he held finance and accounting positions at PricewaterhouseCoopers, Fidelity Investments and State Street Global Advisors.
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DPZ | Hot Stocks07:35 EDT Domino's Pizza CEO says Q2 'good, particularly for global unit growth' - "It was a good second quarter, particularly for global unit growth, as we continue to seek balanced retail sales growth through the blend of same store sales and store growth," said Ritch Allison, Domino's CEO. "As a work-in-progress brand, we are constantly striving to improve in needed areas, execute our long-term strategy and build toward Dominant #1 - a goal I continue to feel we are built to achieve."
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GIB | Hot Stocks07:33 EDT CGI Group awarded contract with Health and Human Services' PSC - CGI announced it has won a place on a multiple-award contract vehicle with the Health and Human Services', or HHS, Program Support Center, or PSC, to provide consulting with technologies including Artificial Intelligence and Machine Learning, which the agency intends to implement over the next five years. The total value of the HHS contract vehicle for the entire program stands at $49M over the five-year period. PSC is the largest shared service provider to the federal government. Established nearly 25 years ago to reduce HHS's annual spending and increase the quality of its administrative services, PSC now offers more than 40 services to HHS and other federal agencies. These services include support for financial management and procurement, occupational health, and real estate logistics.
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GS | Hot Stocks07:32 EDT Goldman Sachs returned $1.57B of capital to shareholders in Q2
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GS | Hot Stocks07:31 EDT Goldman Sachs reports Q2 FICC revenue $1.47B - Reports Q2 investment banking revenue $1.86B. Reports Q2 institutional client services revenue $3.48B. Annualized return on average common shareholders' equity was 11.1% for both the second quarter of 2019 and the first half of 2019. Annualized return on average tangible common shareholders' equity was 11.7% for both the second quarter of 2019 and the first half of 2019. Equities net revenues were $2.01 billion, the second highest quarterly performance in four years. Book value per common share was $214.10 and tangible book value per common share was $203.05, both 2.4% higher compared with the end of the first quarter of 2019.
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DPZ | Hot Stocks07:31 EDT Domino's Pizza reports Q2 U.S. same store sales growth of 3.0% - Report Q2: International same store sales growth of 2.4%; Global net store growth of 200.
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CUR | Hot Stocks07:31 EDT Neuralstem announces 1-for-20 reverse stock split - Neuralstem announced a reverse stock split of its shares of common stock at a ratio of 1-for-20. The reverse stock split will become effective on Wednesday, July 17 after market close and shares of Neuralstem Inc. common stock will trade on a post-split basis on the Nasdaq Capital Market under the Company's existing trading symbol, "CUR," at the market open on Thursday, July 18. The reverse stock split enables Neuralstem to regain compliance with the $1.00 minimum bid price condition of the NASDAQ Capital Market continued listing requirements.
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CURR | Hot Stocks07:26 EDT CURE Pharmaceutical receives patent on oral thin films with bi-phasic release - CURE Pharmaceutical announced the allowance of U.S. Application No. 15/666,057, which covers edible thin films with natural active ingredients located in both a powder coating and the film matrix for a bi-phasic release profile. The patent expands on CURE's proprietary drug delivery system, CUREfilm to include bi-phasic release of natural active ingredients with the potential for increasing the overall drug load while retaining a rapid dissolution profile.
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MJARF | Hot Stocks07:18 EDT MJardin Group appoints Wendy Xue as interim CFO - MJardin Group announced the appointment of Wendy Xue, MJardin's current global controller, as interim CFO effective August 1, 2019, following the departure of the CFO Chris Seto from the company. As interim CFO, Xue will report directly to Adrian Montgomery, CEO of MJardin, until a permanent replacement is named. The company also announced that each of the nominees of directors of MJardin Group Inc. listed in the Corporation's Management Information Circular dated May 28, 2019 was elected at its annual meeting of shareholders, held on June 27, 2019.
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AKCA... | Hot Stocks07:16 EDT Akcea Therapeutics, Ambry Genetics expand hATTR Compass partnership - Akcea Therapeutics (AKCA), an affiliate of Ionis Pharmaceuticals (IONS), and Ambry Genetics, a Konica Minolta company (KNCAY), announced an expansion of their collaboration as the two companies mark the one-year anniversary of the hATTR Compass program. hATTR Compass is a no-cost, confidential genetic testing and genetic counseling program for people with suspected hereditary amyloidosis that enables faster diagnosis and earlier treatment of this rare, progressive and fatal disease. To date, over 700 physicians across the United States, Canada and Puerto Rico have utilized hATTR Compass to help hundreds of people learn if they carry any of the TTR gene mutations associated with hATTR amyloidosis. Akcea and Ambry recently expanded their hATTR Compass partnership which includes increasing their salesforce and marketing efforts to drive additional awareness and education for patients and physicians.
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AKTS | Hot Stocks07:11 EDT Akoustis announces new purchase order for five XBAW filters - Akoustis Technologies announced it has received a new purchase order from its defense customer for the development of five new S-Band filters. These new filters operate within the S-Band frequency spectrum and are aligned with the Company's filter developments supporting 5G. With recent shipments against multiple open 3.8 GHz orders, this customer is now expanding its relationship with Akoustis with the order for five new S-Band frequencies. Akoustis will begin to recognize development revenue in the near term and is expected to deliver samples of the new filters in the second half of CY19. Production is expected to ramp in CY20.
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APTO | Hot Stocks07:09 EDT Aptose Biosciences doses third cohort in Phase 1 study of APTO-253 - The company has completed the first two dose levels of the Phase 1b clinical trial of MYC inhibitor APTO-253, and is now dosing the third dose cohort. Initial data from the first two cohorts demonstrate MYC inhibition in patients with acute myeloid leukemiaand myelo dysplastic syndrome.
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APTO | Hot Stocks07:09 EDT Aptose Biosciences doses first CLL patient in Phase 1 study of CG-806 - Aptose Biosciences announced that dosing of CG-806, the company's highly potent, first-in-class pan-FLT3/pan-BTK inhibitor, has commenced its Phase 1a/b dose-escalation study in patients with chronic lymphocytic leukemia, small lymphocytic lymphoma or non-Hodgkin lymphomas who have failed or are intolerant to standard therapies.
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ALNY | Hot Stocks07:07 EDT Alnylam enters collaboration with 23andMe - Alnylam Pharmaceuticals and 23andMe are collaborating on a program to offer free 23andMe Health + Ancestry kits to first-degree family members of 23andMe customers with a TTR variant detected in their Hereditary Amyloidosis Genetic Health Risk report. The disease, called TTR-related hereditary amyloidosis, is a genetic condition caused by the buildup of a protein called transthyretin, or TTR, in the body's tissues and organs. This protein buildup, called amyloidosis, can damage the nerves, the heart, and other parts of the body.
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IMAX | Hot Stocks07:07 EDT Imax and CVG Holding to expand partnership to open 40 theatres across China - CGV Holdings and IMAX Corporation, IMAX China Holding, announced plans to expand their partnership with an agreement to open 40 new IMAX theatres across China. With the new agreement, CGV now has more than 170 IMAX theatres in operation or contracted to open across China, Vietnam and South Korea. IMAX and CGV continue to grow their global partnership of nearly 15 years, most recently with a 15-theater deal in 2010, 30-theater deal in 2011, 30-theater deal in 2013 and 25-theater deal in 2015. Under the agreement, CGV and IMAX will open the new systems primarily in Tier 1 and Tier 2 Chinese markets under a joint venture/revenue share model, and in additional Tier 3 to 5 markets under a hybrid model requiring no net capital commitment from IMAX. Additional terms were not disclosed.
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KKR | Hot Stocks07:05 EDT KKR appoints Emilia Sherifova as chief information and innovation officer - KKR announced the appointment of Emilia Sherifova as member and chief information and innovation officer, effective immediately. In this role, Sherifova will be based in New York and will drive KKR's technology and data innovation vision and strategy. Sherifova joins KKR from Northwestern Mutual where she led the company's digital transformation in the role of CTO and previously as head of enterprise architecture and engineering.
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EVGN BAYRY | Hot Stocks07:05 EDT Evogene amends collaboration agreement with Bayer - Evogene (EVGN) announces that after achieving positive results, its corn disease resistance research collaboration with the Crop Science Division of Bayer (BAYRY) is being refocused on the identification of genome editing targets for evaluation against a broad range of corn diseases. Evogene will use its CPB platform to identify the required edits to improve disease resistance in corn. The edits will be based on Evogene-discovered genes and the accumulated knowledge achieved through this collaboration, focusing on altering gene expression or function. Any promising targets would be pursued by Bayer's in-house team for validation. The collaboration aims to develop improved corn seeds with resistance to fungal diseases.
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SMTA HPT | Hot Stocks07:04 EDT Spirit MTA files preliminary proxy statement regarding proposed sale of assets - Spirit MTA REIT (SMTA) said it has filed a preliminary proxy statement with the U.S. SEC related to its agreement to sell its Owned Properties held in the Company's Master Trust 2014 and three assets presently owned by Spirit Realty Capital, Inc. to Hospitality Properties Trust (HPT) for $2.4B in total cash consideration, subject to certain adjustments, as previously announced on June 3, 2019. The closing of the transaction is subject to customary conditions, including the receipt of the approval of SMTA shareholders. SMTA also announced that, through July 12, 2019, the company has recovered approximately $24M on the Shopko B-1 Term Loan. While there can be no assurances that the company will recover all remaining amounts due under the Term Loan, the company intends to continue to pursue all of its rights and remedies in connection with Shopko's bankruptcy proceedings. After a comprehensive marketing effort undertaken since January 2019, the company also entered into a purchase agreement for the sale of its distribution center, owned by a subsidiary of the Company, Spirit AS Katy TX, LP, and leased to Academy Sports + Outdoors, for a gross purchase price of $94M. The net proceeds to be received by SMTA from the sale, after accounting for transaction and loan assignment and assumption expenses, is approximately $10M. In addition to the satisfaction of ordinary course real estate transaction conditions, the closing of the sale is contingent upon obtaining lender's approval for buyer's assumption of the outstanding CMBS debt encumbering the property, and release of SMTA and its subsidiary from all further obligations under the loan.
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ATRA | Hot Stocks07:03 EDT Atara Biotherapeutics plans to initiate Tab-cel FDA BLA submission in 2H20 - Atara Biotherapeutics announced an updated development plan for the Phase 3 tab-cel program for patients with Epstein-Barr virus-associated post-transplant lymphoproliferative disease. Based on Atara's recent discussions with the U.S. Food & Drug Administration, the Company plans to initiate a tab-cel biologics license application submission for patients with EBV+ PTLD in the second half of 2020. Accordingly, the initiation of the Company's BLA submission is now planned to occur prior to the Company's submission of an EU conditional marketing authorization application. Atara remains in active discussions with the European Medicines Agency regarding the development of tab-cel for patients with EBV+ PTLD, and the outcome of these discussions will determine the timing of the CMA application submission. As previously disclosed, the Company has combined the two ongoing tab-cel Phase 3 clinical studies into a single study that now consists of a hematopoietic cell transplants cohort for EBV+ PTLD patients who have failed rituximab and a single solid organ transplant cohort for EBV+ PTLD patients who have failed rituximab with both chemotherapy and non-chemotherapy prior treatment experience. As part of the amended ALLELE protocol, Atara plans to conduct an interim analysis prior to initiating the BLA submission. To ensure the integrity of the ongoing, open-label tab-cel studies, Atara does not expect to disclose interim top-line EBV+ PTLD results until after acceptance of the FDA BLA filing.
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CLDC | Hot Stocks07:03 EDT China Lending receives delisting determination letter from Nasdaq - China Lending announced that on July 11 the Company received a delisting determination letter from Nasdaq Listing Qualifications, indicating that the Company's securities would be subject to delisting from the Nasdaq Capital Market based on its non-compliance with the continued listing requirements, unless the Company timely requests a hearing before the Nasdaq Hearings Panel. As previously announced, on May 1 the Company received a notification letter from Nasdaq notifying that the Company is no longer in compliance with the Nasdaq Capital Market's continued listing requirement of a minimum of $2,500,000 in stockholders' equity. The Company submitted a draft plan to regain compliance and supplementary supporting materials. However, after reviewing the submission, Nasdaq has determined that the draft plan, together with the supporting materials, is not sufficiently definitive to evidence the Company's ability to achieve near term compliance with the continued listing requirements or sustain such compliance over an extended period of time. The Company has requested a hearing before the Panel to appeal the delisting determination. The hearing request has stayed the delisting action of the Company's securities by Nasdaq pending the Panel's final decision. There can be no assurance that the Panel will grant the Company's request for continued listing.
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CGEN | Hot Stocks07:02 EDT Compugen says USPTO grants new patent covering method of use of COM701 - Compugen announced that the United States Patent and Trademark Office has granted a new patent covering method of use of COM701, a first-in-class therapeutic antibody targeting PVRIG, in combination with anti-PD-1 antibodies. U.S. Patent No. 10,351,625, titled "Anti-PVRIG Antibodies and Methods of Use," augments a previously issued patent (U.S. Patent no. 9,714,289) by expanding and protecting the use of COM701 for activating T cells in cancer patients to include the combination of COM701 with any anti-PD-1 antibody. Activating T cells results in stimulating the immune system, and as such is the basis for cancer immunotherapy treatment. In addition, a separate method of use patent titled "Anti-TIGIT antibodies, anti-PVRIG antibodies and combinations thereof," (U.S. Patent no. 10,124,061) which was granted in November 2018 includes claims covering the combination of COM701 and COM902, Compugen's anti-TIGIT antibody, for activating T cells in cancer patients. U.S. Patent No. 10,351,625 is expected to expire no earlier than February 2036 in the United States.
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JPM | Hot Stocks06:58 EDT JPMorgan sees FY19 adjusted expense of less than $66B - Sees FY19 net charge-offs of about $5.5B. Comments from slides being presented on the Q2 earnings conference call.
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JPM | Hot Stocks06:56 EDT JPMorgan sees FY NII about $57.5B vs. previous view of at least $58B
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JPM | Hot Stocks06:54 EDT JPMorgan reports Q2 book value per share of $73.77, up 7% - Reports tangible book value per share2 of $59.42, up 8%.
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BRO | Hot Stocks06:53 EDT Brown & Brown acquires assets of Innovative - Scott Penny, Chief Acquisitions Officer of Brown & Brown, and Sean Gormley, the sole shareholder of Innovative Risk Solutions, announced that Brown & Brown Metro, has acquired substantially all of the assets of Innovative. Innovative Risk Solutions was founded in 2004 by Sean Gormley with the goal of providing forward thinking employee benefits solutions for Innovative's customers. Following the transaction, Innovative will operate as a new stand-alone office within Brown & Brown's Retail Segment and will continue doing business under the leadership of Sean Gormley from the office located in Atlantic County, New Jersey.
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JPM | Hot Stocks06:51 EDT JPMorgan reports Q2 average total loans up 2% y/y, down 1% sequentially - Reports Q2: Average loans down 2%; Home Lending loans down 7% impacted by loan sales; credit card loans up 8%; Client investment assets up 16%; average deposits up 3%; Credit card sales volume6 up 11%; merchant processing volume up 12%.
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GMXAY JNJ | Hot Stocks06:50 EDT Johnson & Johnson reports Q2 sales of Darzalex up 57% vs. last year - Genmab (GMXAY) announced that worldwide net sales of DARZALEX, or daratumumab, as reported by Johnson & Johnson (JNJ) were #774M in the Q2 compared to $511M in the Q2 of FY18, an increase of approximately 51%. The Q2 net sales were $369M in the U.S. and $405M in the rest of the world. Johnson & Johnson reported worldwide operational DARZALEX sales growth between the two Q2 periods in 2018 and 2019, respectively, of approximately 57%. According to Johnson & Johnson, sales in the Q2 included a one-time adjustment outside the U.S. related to the completion of pricing and reimbursement discussions in certain European countries, which positively impacted this worldwide operational growth by 16 percentage points. Genmab will receive royalties on the worldwide net sales of DARZALEX under the exclusive worldwide license to Janssen Biotech to develop, manufacture and commercialize DARZALEX.
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JPM | Hot Stocks06:50 EDT JPMorgan reports Q2 average loan balances up 7% - Reports Q2 AUM of $2.2T, up 7%.
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JPM | Hot Stocks06:49 EDT JPMorgan CEO Dimon says 'We had a strong second quarter and first half of 2019' - Jamie Dimon, Chairman and CEO, commented on the financial results: "We had a strong second quarter and first half of 2019, benefitting from our diversified global business model. We continue to see positive momentum with the U.S. consumer - healthy confidence levels, solid job creation and rising wages - which are reflected in our Consumer & Community Banking results. Double-digit growth in credit card sales and merchant processing volumes reflected healthy consumer spending and drove 8% growth in credit card loans, while mortgage and auto originations showed solid improvement, and we continued to attract new deposits, up 3%. Client investment assets were up 16%, driven by both physical and digital channels, including You Invest." Dimon added: "In the Corporate & Investment Bank, Markets performance was relatively steady on slightly lower client volume, probably due to slightly higher global macroeconomic and geopolitical uncertainties. Treasury Services and Securities Services demonstrated good organic growth despite headwinds from rates. Although the global wallet was down, year-to-date the Firm ranked #1 in Global IB fees and gained share across products and regions, with particular strength from Commercial Banking, where gross IB revenue was up 8% for the first half of the year. And in Asset & Wealth Management, AUM and client assets grew 7%, both due to higher asset values and net inflows into long-term and liquidity products." Dimon concluded: "We were pleased to announce a meaningful increase to our dividend and repurchases. While we always prefer to invest capital back into the business, our capital plan provides us with the capacity and flexibility to return excess capital to our shareholders. We have opened new branches, announced strategic acquisitions like InstaMed, and invested in digital products to deepen our engagement with our customers, who have now opened over 2 million accounts digitally and activated over 60 million Chase Offers. We also continued our investments in local communities - for example, we expanded our long-term commitment to Detroit from $150 million to $200 million as we continue to learn how to drive inclusive growth in the communities around the world that need the most support."
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JNJ | Hot Stocks06:45 EDT Johnson & Johnson CEO says 'pipelines continue to progress' - "We delivered solid Q2 underlying sales growth and strong earnings growth that enables us to make investments in innovation to accelerate performance in each of our businesses," said Alex Gorsky, Chairman and CEO. "Our pipelines continue to progress with the launch of new products and several regulatory submissions and approvals, which positions us well to deliver the next wave of transformational products and solutions. I am proud of our talented colleagues across Johnson & Johnson who continue to deliver significant healthcare advances to improve the lives of patients and consumers around the world."
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FHN | Hot Stocks06:32 EDT First Horizon reports Q2 average loan growth of 5% - Reports Q2: Efficiency ratio of 65.08%, compared to 67.99% in 1Q19; adjusted efficiency ratio of 59.00%, compared to 63.90% in 1Q19.
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IMUX | Hot Stocks06:32 EDT Immunic appoints Sanjay Patel, CFA, as CFO - Immunic announced the appointment of Sanjay Patel, CFA, as CFO, effective July 15. Patel replaces Tamara Seymour, who has served as the company's Interim CFO since April 26.
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FHN | Hot Stocks06:31 EDT First Horizon reports Q2 net interest margin 3.34% vs. 3.31% a year ago
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PCG | Hot Stocks06:11 EDT PG&E details progress on wildfire safety efforts - PG&E is working to fix nearly 10,000 problems it discovered throughout its electrical system, the company said on its website. PG&E said it continues to make substantial progress toward its Community Wildfire Safety Program goals, intended to mitigate the risk of wildfires and protect customers and communities. "We've accomplished a lot, but there is more work to do. Our system is better today than it was yesterday, and it will be better tomorrow than it is today. We are committed to further reduce wildfire risks and help keep our customers and the communities we serve safe," said Sumeet Singh, PG&E vice president of the Community Wildfire Safety Program. Updates include: Wildfire Safety Inspection Program: Visual inspections of 96 percent and aerial inspections of 92 percent of approximately 50,000 transmission structures in high fire-risk areas. Inspections of all 222 substations in high fire-risk areas. Inspections of more than 99 percent of nearly 700,000 distribution poles in, or adjacent to, high fire-risk areas. Wildfire Safety Operations Center: The 24/7 command center for PG&E's wildfire monitoring and response opened in 2018. The WSOC, based in PG&E's San Francisco headquarters, has received technological and facility upgrades in 2019. Weather stations. These provide hyper-local information and increase situational awareness. Approximately 430 have been installed since 2018, including 231 so far this year. PG&E will have 600 in place by the end of 2019 and 1,300 by 2022. Reference Link
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QTT | Hot Stocks06:02 EDT Qutoutiao says Midu Novels will temporarily suspend content updates - Qutoutiao announced that in compliance with recent regulatory requirements, from July 16 to October 15, Midu Novels will undergo product upgrades and temporarily suspend content updates and certain commercial activities.
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MYT | Hot Stocks05:23 EDT Urban Tea receives Nasdaq notification letters regarding delisting, minimum bid - Urban Tea announced that the company has received two notification letters from Nasdaq on July 9 and July 10, notifying the company that it is not in compliance with the minimum Market Value of Listed Securities, or MVLS, requirement and the Minimum Bid Price requirement, respectively. On July 9, Nasdaq sent the company a notification letter stating that the company is not in compliance with the MVLS requirement set forth in Nasdaq Listing Rule 5550(b)(2) for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(b) requires listed securities to maintain either stockholders' equity of at least $2.5M, a minimum MVLS of $35M or net income from continuing operations of $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years. Nasdaq Listing Rule 5810(c)(3)(C) provides that a failure to meet a minimum MVLS exists if the deficiency continues for a period of 30 consecutive business days. Based upon Nasdaq's review of the company's MVLS for the last 30 consecutive business days, the company no longer meets the minimum MVLS requirement. The MVLS Deficiency letter does not impact the company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the company has been provided 180 calendar days, or until January 6, 2020 to regain compliance with Nasdaq Listing Rule 5550(b)(2). On July 10, Nasdaq sent the company a second notification letter stating that the minimum bid price per share for the company's ordinary shares has been below $1.00 for a period of 30 consecutive business days and the company therefore no longer meets the Bid Price requirements set forth in Nasdaq Listing Rule 5550(a)(2). The Bid Price Deficiency letter received has no immediate effect on the listing of the company's ordinary shares on Nasdaq. Under the Nasdaq Listing Rules, the company has until January 6, 2020 to regain compliance. If at any time during such 180-day period the closing bid price of the company's ordinary shares is at least $1 for a minimum of 10 consecutive business days, Nasdaq will provide the company written confirmation of compliance. If the company does not regain compliance by curing the Bid Price Deficiency during such 180-day period, the company may be eligible for an additional 180 calendar days, provided that the company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq except for Nasdaq Listing Rule 5550(a)(2), and provide a written notice of its intention to cure this deficiency during the second compliance period, by effecting a reverse stock split, if necessary. The company intends to promptly evaluate options available to regain compliance. However, there can be no assurance that company will be able to regain compliance with the applicable Nasdaq listing requirements.
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NTES | Hot Stocks05:06 EDT NetEase Games announces strategic investment in Behaviour Interactive - NetEase Games, the online games division of NetEase, announced that it has acquired a strategic minority stake in Behaviour Interactive. Following this investment, Montreal-based Behaviour will continue to operate independently under the leadership of Remi Racine, its President and Executive Producer, and NetEase Games will nominate a director to Behaviour's board.
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