Stockwinners Market Radar for August 19, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

BHP

Hot Stocks

19:32 EDT BHP Group sees China and global economic growth slowing - The company states: "The global economy grew by around 3% in the 2018 calendar year, with a notable pickup in the US economy, and resilient growth in China. We expect global growth to register near the lower end of a range of 3% to 3.25% for the 2019 calendar year. Any further escalation in trade protection or loss of business confidence is a downside risk for consensus views of the world economy, commodity demand and energy and metals prices in the 2020 financialyear. We actively consider the plausibility of this outcome in our range analysis. We continue to expect China's economic growth to slow modestly in the 2019 calendar year to around 6%. The negative impact of weaker exports is expected to be partially offset by easier monetary and fiscal policy."
ACN

Hot Stocks

19:04 EDT Accenture acquires Parker Fitzgerald, terms not disclosed - Accenture has acquired Parker Fitzgerald, a strategic advisor and consulting partner to global financial institutions, further enhancing the business and technology capabilities within its Finance and Risk practice. Terms of the transaction were not disclosed.
BIDU...

Hot Stocks

18:47 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Baidu (BIDU) up 8.5%. ALSO HIGHER: Nabriva (NBRV) up 22.6% after confirming FDA approval of Xenleta in CABP... Moderna (MRNA) up 9.3% after being granted FDA fast track designation for Zika vaccine... Vivint Solar (VSLR) up 1.0% after being initiated with Overweight at Keybanc. DOWN AFTER EARNINGS: Fabrinet (FN) down 14.5%... iQIYI (IQ) down 8.6%... Merus (MRUS) down 5.0%. ALSO LOWER: Sarepta (SRPT) down 12.3% after FDA rejection of DMD golodirsen. Movers as of 18:30ET.
LGIH

Hot Stocks

18:01 EDT LGI Homes opens two new communities in greater Seattle market - LGI Homes announced the opening of two new communities in the greater Seattle market. Daisy Landing, located in Sultan, and Kembers Court, located in Marysville, offer affordable new homes to buyers looking north of Seattle.
AMZN

Hot Stocks

18:01 EDT Amazon.com to expand in Utah with new new fulfillment center - Amazon.com announced plans to open a new fulfillment center in West Jordan, Utah creating more than 800 full-time jobs starting at $15 an hour with comprehensive benefits starting on day one. Amazon currently employs more than 2,000 full-time associates throughout the State of Utah.
WMT

Hot Stocks

18:00 EDT Walmart to pay $100,000 to settle EEOC disability discrimination suit - Wal-Mart Stores East, LP will pay $100,000 and furnish significant equitable relief to resolve a federal disability discrimination lawsuit filed by the U.S. Equal Employment Oppor tunity Commission, EEOC, the federal agency announced . The EEOC charged that Wal-Mart Stores East, LP refused to provide communications accommodations, such as access to sign language interpreters and closed-captioned training videos, to two deaf employees who worked at Walmart Store No. 5941 in Northwest Washington, D.C. The employees were entitled to reasonable accommodations so they could obtain information from, and participate in, meetings, trainings and other workplace communications, the EEOC said. Reference Link
SRPT

Hot Stocks

17:53 EDT Sarepta falls over 4% or $5.31 to $115 per share after FDA's golodirsen response
SRPT

Hot Stocks

17:52 EDT FDA's CRL to Sarepta's golodirsen citing risk of infection, renal toxicity - Sarepta Therapeutics announced it had received a Complete Response Letter, or CRL, from the FDA regarding the New Drug Application seeking accelerated approval of golodirsen injection for the treatment of Duchenne muscular dystrophy ) in patients with a confirmed mutation amenable to exon 53 skipping. The CRL generally cites two concerns: the risk of infections related to intravenous infusion ports and renal toxicity seen in pre-clinical models of golodirsen and observed following administration of other antisense oligonucleotides. Renal toxicity with golodirsen was observed in pre-clinical models at doses that were ten-fold higher than the dose used in clinical studies. Renal toxicity was not observed in Study 4053-101, on which the application for golodirsen was based. Sarepta will immediately request a meeting with the FDA to determine next steps. CEO Doug Ingram states: "We are very surprised to have received the complete response letter this afternoon. Over the entire course of its review, the Agency did not raise any issues suggesting the non-approvability of golodirsen, including the issues that formed the basis of the complete response letter. We will work with the Division to address the issues raised in the letter and, to the fullest extent possible, find an expeditious pathway forward for the approval of golodirsen. We know that the patient community is waiting."
BSX

Hot Stocks

17:41 EDT Boston Scientific's ImageReady MRI labeling receives FDA approval - Boston Scientific Corporation announced the U.S. Food and Drug Administration approval of its ImageReady MRI labeling for the Vercise Gevia Deep Brain Stimulation System to be used in a full-body magnetic resonance imaging environment. This system, with the Vercise Cartesia Directional Lead, is designed to treat the symptoms of Parkinson's Disease by delivering precisely targeted electrical stimulation in the brain to provide optimal symptom relief and better control of unwanted side effects.
MPW

Hot Stocks

17:28 EDT Medical Properties Trust COO sells 100K shares of common stock - In a regulatory filing, Medical Properties Trust disclosed that its COO Emmett McLean sold 100K shares of its common stock on August 19th. The total transaction size was $1.84M.
MAXR

Hot Stocks

17:12 EDT Maxar Technologies' MDA awarded Canadian Space Agency contract - MDA, a Maxar company, has been awarded two contracts from the Canadian Space Agency for work on Phase A of the Gateway External Robotic Interfaces project. The Gateway External Robotic Interfaces will act as a touch points for the eXploration Large Arm and the eXploration Dexterous Arm, the major robotic manipulator elements that form Canadarm3, the artificial intelligence-enabled robotic system that will service the Gateway. The Gateway External Robotic Interfaces will be the standardized connection points between the external robotics on the Gateway and its modules, visiting spacecraft, payloads and replacement units. On Phase A of the Gateway External Robotic Interfaces project, MDA will work with the Canadian Space Agency to develop the interface and system requirements and undertake concept and technology development activities necessary to provide the Gateway module and element developers with information to support the integration of the external robotics and its interfaces.
RCI

Hot Stocks

17:06 EDT Rogers 'disappointed' by CRTC decision on broadband wholesale rates - Rogers Communications said it is very disappointed by the CRTC's decision to dramatically reduce the aggregated wholesale rates that third-party Internet resellers pay to access broadband networks in Canada. The final rates do not recognize the true cost of building and expanding Canada's world-class broadband networks and will certainly impact Rogers future network investments, the company said. As a result of the CRTC decision, Rogers expects to record a charge of approximately $140M in the current quarter to account for the retroactive impact of the lower rates. The company is determining next steps, including a review of all future investments in rural and remote communities. The CRTC decision follows a recent Competition Bureau market study that found Canada is well-served by world-class broadband networks. The study further warned of negative consequences for investment if wholesale access rates are not set at the correct level.
IQ

Hot Stocks

17:05 EDT iQIYI down over 6% or $1.16 at $16.92 per share after Q2 earnings, Q3 guidance
IQ

Hot Stocks

17:03 EDT iQIYI reports Q2 total subscribing members 100.5M, up 50% from last year - iQIYI's number of total subscribing members was 100.5M as of June 30, 2019, 98.9% of whom were paying subscribing members. This compares to 67.1M of total subscribing members as of June 30, 2018, up 50% year over year.
NOV

Hot Stocks

16:53 EDT National Oilwell officer Joseph Rovig sells almost $416K in company shares - National Oilwell officer Joseph Rovig disclosed in a filing that /he had sold 22,640 shares of company stock at an average price of $$18.37 per share on August 16. he total transaction value of the sale was $415,897
JCP

Hot Stocks

16:49 EDT J.C. Penney director Ronald Tysoe buys 1M shares of company stock - J.C. Penney director Ronald Tysoe disclosed in a filing that he had purchased 1,000,000 shares of company stock at an average price of 59c per share on August 16. The total transaction value of the purchase was $590,000.
GWGH

Hot Stocks

16:48 EDT GWG Holdings receives noncompliance letter from Nasdaq - GWG Holdings announced that it received a letter from the listing qualifications department of Nasdaq, as anticipated, informing the company that it was not in compliance with the filing requirements for continued listing under Nasdaq Listing Rule 5250 as it has not yet filed with the SEC its quarterly report on form 10-Q for the quarter ended June 30, which was due on August 14. The Nasdaq notice has no immediate effect on the listing or trading of the company's common stock on Nasdaq. As disclosed in its notification of late filing pursuant to Rule 12b-25 of the Securities Exchange Act of 1934, filed on August 15, GWGH's inability to timely file the Form 10-Q was due to the timing of the GWGH's recent transition to a new independent registered public accounting firm, Whitley Penn, and GWGH's continued evaluation of the appropriate accounting treatment for the purchase and contribution transaction completed in Apri. Nasdaq's letter provides that GWGH has until October 15 to submit a plan to regain compliance with Nasdaq's filing requirements for continued listing. If GWGH submits an acceptable compliance plan, Nasdaq is permitted to grant an extension of up to 180 days from the form 10-Q's filing due date for GWGH to regain compliance with Nasdaq's filing requirements for continued listing. The company anticipates that it will regain compliance with the Nasdaq continued listing requirements upon filing its form 10-Q within the 60-day period and that regaining compliance within the 60-day period will eliminate the need for the company to submit a formal plan to regain compliance.
AWR

Hot Stocks

16:47 EDT American States Water announces CPUC decision, approving new GSWC electric rates - American States Water Company announced that on August 15, 2019, the California Public Utilities Commission approved a settlement agreement resolving all issues in the electric general rate case of AWR's wholly owned subsidiary, Golden State Water Company. GSWC, on behalf of its Bear Valley Electric Service division, had filed a general rate case application in May 2017 to determine new electric rates effective January 1, 2018. In November 2018, BVES and the CPUC's Public Advocates Office filed a joint motion to adopt a settlement agreement between the two parties resolving all issues in connection with the general rate case. The CPUC's final decision approves the settlement agreement in its entirety, which among other things, extends the rate cycle by one year, increases the electric gross margin for 2018 by approximately $2M compared to the 2017 adopted electric gross margin, adjusted for tax reform, and authorizes BVES to construct all the capital projects requested in its application, which are dedicated to improving system safety and reliability and total approximately $44M over the 5-year rate cycle. In addition, the final decision authorizes increases in the adopted electric gross margin of $1.2M for each of the years 2019 and 2020, of $1.1M in 2021, and of $1M in 2022. The rate increases for 2019 - 2022 are not subject to an earnings test. Due to the delay in receiving a final decision by the CPUC, billed electric revenues for all of 2018 and year-to-date for 2019 have been based on 2017 adopted rates. Because the new rates are retroactive to January 1, 2018, the cumulative impact from the rate changes for 2018 and the first six months of 2019 will be recorded during the third quarter of 2019. The cumulative impact includes an increase in pretax income for the electric segment of approximately $2M, or 4c per share, for the full year ended December 31, 2018, and an additional increase in pretax income of $1.7M, or approximately 3c per share, for the first six months of 2019.
ANAB

Hot Stocks

16:46 EDT AnaptysBio CFO Dominic Piscitelli resigns, Eric Loumeau appointed to replace - On August 16, Dominic Piscitelli, the Chief Financial Officer of AnaptysBio, notified AnaptysBio of his decision to resign, effective as of September 9. Effective immediately, AnaptysBio has appointed Eric Loumeau as interim Chief Financial Officer and General Counsel. Loumeau has served as AnaptysBio's General Counsel since August 2018.
SRE

Hot Stocks

16:41 EDT Sempra LNG says Cameron LNG begins operations for Trian 1 of liquefaction-export - Sempra LNG, a Sempra Energy subsidiary, today announced that Cameron LNG's first train of the liquefaction-export project in Hackberry, La., has begun commercial operations under Cameron LNG's tolling agreements. Sempra Energy's share of full-year run-rate earnings from the first three trains at Cameron LNG are projected to be between $400M and $450M annually when all three trains achieve commercial operations under Cameron LNG's tolling agreements. Train 1 is part of Phase 1 of the Cameron LNG liquefaction-export project which includes a projected export capacity of 12 million tonnes per annum (Mtpa) of LNG, or approximately 1.7 billion cubic feet per day of natural gas. Cameron LNG is jointly owned by affiliates of Sempra LNG, Total, Mitsui & Co., Ltd., and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha. Sempra Energy indirectly owns 50.2% of Cameron LNG.
BIDU

Hot Stocks

16:38 EDT Baidu up 7% to $111.70 after Q2 results beat estimates
BIDU

Hot Stocks

16:37 EDT Baidu CFO says 'delivered a solid second quarter' - "Our focus on strengthening Baidu's mobile ecosystem through knowledge-based content, BJH accounts, smart mini programs and managed pages on Baidu's platform is translating into better user experience, stronger traffic growth, and, we believe, ultimately higher conversion for our customers. In June, Baidu App DAUs reached 188 million, up 27% year over year, in-app search queries grew over 20% year over year and smart mini program MAUs reached 270 million, up 49% sequentially," said Robin Li, Baidu co-founder and CEO. "On Baidu's AI businesses, DuerOS voice assistant continues to experience strong momentum with installed base surpassing 400 million devices, up 4.5 fold year over year, and monthly voice queries surpassing 3.6 billion, up 7.5 fold year over year, in June. As mobile internet penetration in China slows, we are excited about the huge opportunity to provide content and service providers a cross-platform distribution channel beyond mobile, into smart homes and automobiles." "Baidu delivered a solid second quarter with revenues reaching RMB 26.3 billion, growing 9% sequentially, and Baidu Core revenues growing 12% sequentially, despite the weak macro environment, our self-directed healthcare initiative, industry-specific policy changes and large influx of ad inventory." said Herman Yu, Baidu CFO. "With Baidu traffic growing robustly and our mobile ecosystem continuing to expand, we are in a good position to focus on capitalizing monetization and ROI improvement opportunities to deliver shareholder value."
BIDU

Hot Stocks

16:35 EDT Baidu reports Baidu App DAUs reached 188M in June, up 27% y/y - Baidu App daily active users in June reached 188M, growing 27% year over year. In-app search is providing better user experience through native-app like experiences with newsfeed, smart mini programs and managed pages. Baidu Smart Mini Program monthly active users reached 270M in June, up 49% in three months, continuing the strong momentum since its launch a year ago. Smart Mini Program allows Baidu to connect users to a broad range of services and information with native-app like experience. Baijiahao, Baidu's feed content network, grew to 2.2M publisher accounts in June, enabling influencers and media firms to not only share their information on Baidu's newsfeed and short video apps but also make their information fully searchable. Baidu continues to improve the user experience on its platform with Baidu AI, to identify and filter out low-quality, offensive and inappropriate ads and other content. In the first half of 2019, Baidu's AI filtered over one billion misleading, low-quality ad materials and tens of billions of offensive, inappropriate images, texts, videos and web links.
GRA PTR

Hot Stocks

16:33 EDT W.R. Grace licensed Unipol process technology to PetroChina - W. R. Grace (GRA) has licensed its UNIPOL PP Process Technology to PetroChina Guangdong Petrochemical Company (PTR). This will be the largest single-line UNIPOLPP unit in China and will produce homopolymer, random copolymer, and impact copolymer resins.
LL PIR

Hot Stocks

16:32 EDT Lumber Liquidators names Nancy A. Walsh CFO - Lumber Liquidators (LL) announced the appointment of Nancy A. Walsh as the company's Chief Financial Officer effective September 9, 2019. Walsh will replace Interim Chief Financial Officer Timothy Mulvaney who will return to his role as Chief Accounting Officer for the company. Walsh most recently served as Executive Vice President and Chief Financial Officer of Pier 1 Imports (PIR).
CLVS

Hot Stocks

16:31 EDT Clovis CEO acquires 50K shares of company's common stock - In a regulatory filing from before the market opened, Clovis CEO Patrick Mahaffy disclosed he acquired 50,000 shares of Clovis common stock on Friday, August 16, from prices ranging from $5.56-$5.60.
ATRI

Hot Stocks

16:31 EDT Atrion raises quarterly dividend 15% to $1.55 from $1.35 per share - This dividend will be payable on September 30 to stockholders of record at the close of business on September 16.
FN

Hot Stocks

16:28 EDT Fabrinet down over 13% or $7.47 at $49 per share after below-consensus Q1 view
TMO

Hot Stocks

16:28 EDT Thermo Fisher Chairman Jim Manzi sells over $500K in company shares - Thermo Fisher Chairman Jim Manzi disclosed in a filing that he had sold 1,833 shares of company stock at an average price of $$272.93 per share on August 15. The total transaction value of the sale was $500,279.
IBP

Hot Stocks

16:18 EDT Installed Building Products acquires Therm-Con, Foamtech - Installed Building Products announced the acquisition of Therm-Con and Foamtech. Founded in 2005, Therm-Con primarily serves the Tennessee market, as well as the Georgia and Alabama markets through a branch location in Chattanooga, Tennessee. The company provides insulation, fireplace, shower doors, closet shelving and mirror installation services for residential customers. "With trailing twelve-month revenue of $4.7 million, Therm-Con enhances our presence in attractive markets throughout Tennessee and its surrounding states," stated Jeff Edwards, chairman and CEO. "To date, we have acquired over $30 million of annual revenues, which primarily consists of insulation installers. Acquisitions remain a key component of our growth plan and we continue to have a robust pipeline of acquisition opportunities across multiple geographies, products and end markets."
NBRV

Hot Stocks

16:18 EDT Nabriva Therapeutics resumes, up 29% after news of FDA approval
MDR

Hot Stocks

16:16 EDT McDermott, partners announce first liquid from Freeport LNG Train 1 - McDermott International, along with its partners, Chiyoda International Corporation and Zachry Group, announced that Train 1 of the Freeport LNG project on Quintana Island in Freeport, Texas, has begun producing liquefied natural gas. While production is in the initial phases, this significant project milestone is a precursor to first cargo, which is expected later this month. Zachry Group, as the joint venture lead, partnered with McDermott for the Pre-FEED in 2011, followed by FEED works to support the early development stage of Trains 1 and 2 of the project as a one-stop shop solution provider. Later Chiyoda joined the venture and the joint team provided engineering, procurement and facility construction as well as commissioning and initial operations for Train 3 of the project. The project scope includes three pre-treatment trains, a liquefaction facility with three trains, a second loading berth and a 165,000 m3 full containment LNG storage tank. Freeport LNG Trains 2 and 3 remain on track to meet their previously announced schedules, with Train 2 initial production of LNG scheduled for Q4 of 2019 and Train 3 initial production of LNG scheduled for Q1 of 2020.
NBRV

Hot Stocks

16:15 EDT Nabriva Therapeutics trading resumes
SREV

Hot Stocks

16:12 EDT Archon Capital reports 6.43% passive stake in ServiceSource - Archon Capital disclosed a 6.43% stake in ServiceSource, which represents over 6.05M shares. The filing does not allow for activism.
YELP

Hot Stocks

16:08 EDT D.E. Shaw reports 5.4% passive stake in Yelp - DE Shaw disclosed a 5.4% stake in Yelp, which represents over 3.81M shares. The filing does not allow for activism.
CLVS

Hot Stocks

16:08 EDT D.E. Shaw reports 5% passive stake in Clovis - In a regulatory filing, D.E. Shaw disclosed a 5% stake in Clovis, which represents 2.82M shares. The filing does not allow for activism.
AKTX

Hot Stocks

16:07 EDT Shigeta Yasumitsu reports 7.94% passive stake in Akari Therapeutics - In a regulatory filing, Shigeta Yasumitsu disclosed a 7.94% stake in Akari Therapeutics, which represents about 1.5M shares. The filing does not allow for activism.
HIW

Hot Stocks

16:06 EDT Highwoods Properties to develop Virginia Springs II in Nashville - Highwoods Properties announced it will develop Virginia Springs II in Brentwood, one of Nashville's BBDs. The building will encompass 111,000 square feet and target a LEED-certification designation. The Company's projected investment is $37.8M, including the value of existing company-owned land. Construction is scheduled to begin in Q3 of 2019, with targeted completion in Q3 of 2020 and projected stabilization in Q3 of 2022.
GVP

Hot Stocks

16:06 EDT GSE Systems awarded $1.5M contract to deliver DVR solution - GSE Systems announced that it has been awarded a contract from a major US nuclear operating company to deliver a Data Validation & Reconciliation solution for improving the system coherency, reliability and availability of the utility's large fleet of nuclear reactors. True North Consulting, a GSE company, will use its extensive expertise and proven software performance tools to create data reconciliation models of the client's numerous nuclear reactor plants and integrate the models to enhance and automate DVR fleetwide.
VRA

Hot Stocks

16:05 EDT Vera Bradley board member Patricia Miller to retire, lowers board to 10 members - Vera Bradley announced co-founder and board member Patricia Miller is retiring from the company's board, effective August 30. Miller and Barbara Bradley Baekgaard co-founded Vera Bradley in 1982 and Miller has served as a member of the company's board of directors since then. The company is served by ten remaining board members.
MRNA

Hot Stocks

16:02 EDT Moderna receives FDA fast track designation for Zika vaccine mRNA-1893 - Moderna announced that the U.S. Food and Drug Administration has granted Fast Track designation for its investigational Zika vaccine currently being evaluated in a Phase 1 study for the prevention of Zika virus infection in healthy adults. Fast Track is designed to facilitate the development and expedite the review of therapies and vaccines for serious conditions and fill an unmet medical need. Programs with Fast Track designation may benefit from early and frequent communication with the FDA, in addition to a rolling submission of the marketing application. Moderna previously received Fast Track designation for its methylmalonic acidemia program, which is now recruiting patients for a Phase 1/2 clinical study.
TDY

Hot Stocks

16:01 EDT Teledyne awarded $22M contract for autonomous underwater vehicles - Teledyne Technologies Incorporated announced that its subsidiary, Teledyne Instruments, Inc., has been awarded an indefinite delivery/indefinite quantity contract by the U.S. Naval Undersea Warfare Center to supply autonomous underwater vehicles and related monitoring and communications acoustic systems. The initial 2019 value of the contract is approximately $5.4 million. The award has a maximum value of $22.2 million through December 2024, if all contract options are exercised.
NBRV

Hot Stocks

15:53 EDT Nabriva Therapeutics to resume trading at 4:15 pm ET - Nabriva Therapeutics is scheduled to resume trading at 4:15 pm ET, quotation scheduled to resume at 4:10 pm ET, according to Nasdaq.
NBRV

Hot Stocks

15:43 EDT Nabriva Therapeutics confirms FDA approval of Xenleta - Nabriva Therapeutics announced that the FDA has approved Nabriva's new drug applications for the oral and intravenous formulations of Xenleta for the treatment of community-acquired bacterial pneumonia, or CABP, in adults. As the first IV and oral antibiotic with a novel mechanism of action approved by the FDA in nearly two decades, Xenleta represents an important new empiric monotherapy treatment option for adults with CABP, the company said. Nabriva expects Xenleta will be available through major U.S. specialty distributors in mid-September 2019. Xenleta will have a wholesale acquisition price of $205 per IV patient treatment day and $275 per oral patient treatment day.
NGL

Hot Stocks

15:32 EDT NGL Energy Partners CEO acquires 60,000 common units - In a regulatory filing, NGL Energy Partners CEO H. Michael Krimbill disclosed the acquisition of 60,000 common units of the company at a price of $12.7187 per share.
USPH

Hot Stocks

15:30 EDT U.S. Physical Therapy director Mark Brookner sells over $404K shares of stock - U.S. Physical Therapy director Mark Brookner disclosed in a filing that he had sold 3,000 shares of company stock at an average price of $134.84 per share between August 15 and August 16.The total transaction value of the sale was $404,510.
SNE

Hot Stocks

15:19 EDT Sony to acquire Insomniac Games, terms not disclosed - Sony Interactive Entertainment announced at SIE has entered into definitive agreements to acquire Insomniac Games, a game developer and long-time partner of SIE, in its entirety. Insomniac Games is the developer of PlayStation 4's top-selling "Marvel's Spider-Man" and the PlayStation "Ratchet & Clank" franchise. Upon completion of the acquisition, Insomniac Games will join the global development operation of Sony Interactive Entertainment Worldwide Studios. Most recently, Insomniac Games, in partnership with SIE and Marvel Games, launched "Marvel's Spider-Man," one of 2018's most highly-acclaimed PS4 games. "Marvel's Spider-Man" has sold more than 13.2M copies worldwide as of July 28, 2019.
NBRV

Hot Stocks

15:08 EDT FDA approves Nabriva's Xenleta to treat community-acquired bacterial pneumonia - The U.S. Food and Drug Administration approved Xenleta to treat adults with community-acquired bacterial pneumonia. The most common adverse reactions reported in patients taking Xenleta included diarrhea, nausea, reactions at the injection site, elevated liver enzymes and vomiting. The FDA granted the approval of Xenleta to Nabriva Therapeutics. Nabriva shares had been halted for news pending prior to the FDA's announcement. Reference Link
FB

Hot Stocks

14:33 EDT Facebook says removing 'coordinated inauthentic behavior' from China - Facebook's Nathaniel Gleicher, Head of Cybersecurity Policy, stated in a blog post: "Today, we removed seven Pages, three Groups and five Facebook accounts involved in coordinated inauthentic behavior as part of a small network that originated in China and focused on Hong Kong. The individuals behind this campaign engaged in a number of deceptive tactics, including the use of fake accounts - some of which had been already disabled by our automated systems - to manage Pages posing as news organizations, post in Groups, disseminate their content, and also drive people to off-platform news sites. They frequently posted about local political news and issues including topics like the ongoing protests in Hong Kong. Although the people behind this activity attempted to conceal their identities, our investigation found links to individuals associated with the Chinese government." Reference Link
NBRV

Hot Stocks

14:28 EDT Nabriva Therapeutics trading halted, news pending
LFGP

Hot Stocks

14:21 EDT Ledyard Financial Group announces 120K share repurchase plan - Ledyard Financial Group announced that its Board of Directors on July 26, authorized a stock repurchase plan pursuant to which Ledyard Financial Group may repurchase up to 120,000 shares of its common stock. Ledyard's Board of Directors and management team are committed to maximizing shareholder value and feel the recent increase in the dividend along with the stock repurchase plan demonstrate their commitment to this goal.
TWTR

Hot Stocks

14:19 EDT Twitter says will no longer accept advertising from state-controlled news media - In a blog post, Twitter stated: "Our singular mission is to serve the public conversation. This mission applies to every part of our service, including our advertising and promotional products. Today, we are updating our advertising policies with respect to state media. Going forward, we will not accept advertising from state-controlled news media entities. Any affected accounts will be free to continue to use Twitter to engage in public conversation, just not our advertising products. This is a global approach and will be enforced across our entire business...We want to protect healthy discourse and open conversation. To that end, we believe that there is a difference between engaging in conversation with accounts you choose to follow and the content you see from advertisers in your Twitter experience which may be from accounts you're not currently following. We have policies for both but we have higher standards for our advertisers. This policy will not apply to taxpayer-funded entities, including independent public broadcasters." In a separate blog post, Twitter disclosed it found "a significant state-backed information operation focused on the situation in Hong Kong, specifically the protest movement and their calls for political change." The blog added: "This disclosure consists of 936 accounts originating from within the People's Republic of China. Overall, these accounts were deliberately and specifically attempting to sow political discord in Hong Kong, including undermining the legitimacy and political positions of the protest movement on the ground. Based on our intensive investigations, we have reliable evidence to support that this is a coordinated state-backed operation. Specifically, we identified large clusters of accounts behaving in a coordinated manner to amplify messages related to the Hong Kong protests. As Twitter is blocked in PRC, many of these accounts accessed Twitter using VPNs. However, some accounts accessed Twitter from specific unblocked IP addresses originating in mainland China." Reference Link
CHE

Hot Stocks

14:09 EDT Chemed VP Michael Witzeman sells almost $2M in company shares - Chemed VP Michael Witzeman disclosed in a filing that he had sold 4,349 shares of company stock at an average price of $432.50 per share between August 16 and August 19. total transaction value of the sale was $1,880,945.
GIG

Hot Stocks

13:43 EDT GigCapital announces launching of de-SPACing efforts of Kaleyra combination - GigCapital announced that as GigCapital begins immediately the de-SPACing process of its previously disclosed business combination with Kaleyra, and as previously stated by the company in its preliminary proxy statement filed with the SEC on July 31, 2019, the company may choose to engage in various activities such as raising equity in conjunction with the consummation of the business combination, or have the post-combination company increase its borrowing capacity to provide it with additional liquidity in order to help it drive growth. In this regard, and as part of the de-SPACing process, the company is currently evaluating different capital scenarios, including regarding borrowing, for the purposes of enhancing its current capital structure, and strengthening its future liquidity and financial position, including with regard to its outstanding rights.
AVYA

Hot Stocks

13:36 EDT Avaya Holdings trading resumes
AVYA

Hot Stocks

13:30 EDT Avaya Holdings trading halted, volatility trading pause
FSM

Hot Stocks

12:48 EDT Fortuna Silver reports fatal accident at San Jose mine - Fortuna Silver Mines said that a fatal accident involving a contractor's employee occurred on August 18, 2019 at the San Jose mine located in Oaxaca, Mexico. The accident involved a scooptram operating underground, and the individual fatally injured was the driver. There were no other injuries related to the accident. The appropriate government and local authorities were immediately notified and an investigation into the accident has been initiated to determine the cause. Operations at the area of the accident have been temporarily suspended and the mine is taking a stop for a safety day. Jorge A. Ganoza, President and CEO, said, "We are deeply saddened by this tragic accident at our mine, and our thoughts are with the family, friends and co-workers of our colleague, to whom we are offering our support at this difficult time. The health and safety of our workers at our mine sites is our highest priority, and an investigation is underway to determine how this happened."
GOOG GOOGL

Hot Stocks

12:16 EDT Trump says 'Google should be sued' over role in 2016 election - President Donald Trump tweeted earlier: "Wow, Report Just Out! Google manipulated from 2.6 million to 16 million votes for Hillary Clinton in 2016 Election! This was put out by a Clinton supporter, not a Trump Supporter! Google should be sued. My victory was even bigger than thought! @JudicialWatch" Reference Link
QUOT

Hot Stocks

12:11 EDT Elk Creek Partners reports 5.37% passive stake in Quotient Technology - In a regulatory filing, Elk Creek Partners disclosed a 5.37% stake in Quotient Technology, which represents 4,766,341 shares. The filing does not allow for activism.
BMA

Hot Stocks

12:00 EDT Banco Macro falls -9.8% - Banco Macro is down -9.8%, or -$3.74 to $34.54.
BBAR

Hot Stocks

12:00 EDT BBVA falls -10.0% - BBVA is down -10.0%, or -59c to $5.26.
PCG

Hot Stocks

12:00 EDT PG&E falls -27.9% - PG&E is down -27.9%, or -$3.99 to $10.29.
EL

Hot Stocks

12:00 EDT Estee Lauder rises 9.9% - Estee Lauder is up 9.9%, or $17.82 to $197.04.
MYOV

Hot Stocks

12:00 EDT Myovant Sciences rises 13.1% - Myovant Sciences is up 13.1%, or 92c to $7.92.
NM

Hot Stocks

12:00 EDT Navios Maritime rises 13.3% - Navios Maritime is up 13.3%, or 58c to $5.00.
RMNI ORCL

Hot Stocks

11:10 EDT Court of appeals rules for Oracle affirming injunction against Rimini Street - The Ninth Circuit Court of Appeals has rejected Rimini Street's (RMNI) latest attempt to avoid the District Court's injunction barring Rimini Street from engaging in conduct that infringes Oracle's (ORCL) intellectual property rights. The Appeals Court also affirmed the trial court's $28.5M attorneys' fees award to Oracle, rejecting Rimini's absurd claim that it had prevailed at a trial where the jury found Rimini infringed Oracle's copyrights. Rimini Street has paid more than $90M to Oracle as a result of that infringement, and the trial court issued a permanent injunction. "We are extremely gratified that the Ninth Circuit affirmed the permanent injunction and attorneys' fees award. It is long past time for Rimini -- a dishonest, serial infringer -- to cease its unlawful conduct, to respect Oracle's intellectual property rights, and to abide by the rulings in this case," said Dorian Daley, Oracle's Executive Vice President and General Counsel.
EROS

Hot Stocks

10:59 EDT Eros announces China VOD distribution deal with WASU Media - Eros Now, the digital over-the-top South Asian entertainment platform owned by Eros International, announced a partnership with WASU Media, a cable television, broadband network OTT and IPTV service provider in China, to deliver Bollywood and original Indian content to Chinese digital customers.
SFDL

Hot Stocks

10:25 EDT Security Federal Corp raises quarterly dividend to 10c per share - Security Federal Corporation announced that a quarterly dividend of 10c per share will be paid on or about September 15, 2019 to shareholders of record as of August 31, 2019.
ATEC

Hot Stocks

10:21 EDT Alphatec granted 510(k) premarket notification for Lateral Interbody System - The FDA judged the Lateral Interbody System "Substantially Equivalent" according to a 510(k) premarket notification with a decision date of August 12 that was posted to the agency's website. Reference Link
PRAH

Hot Stocks

10:19 EDT PRA Health announces strategic alliance between Symphony Health and Close-Up - PRA Health Sciences announced that Symphony Health, the company's data solutions division, has expanded its global data services by entering into a strategic partnership with Close-Up International, a leading Latin American-based provider of medical prescription and sales audits. "The agreement with Close-Up represents a significant milestone in Symphony Health's commitment to expanding our services internationally," said Doug Fulling, President of Symphony Health. "The presence across up to a dozen geographies adds a critical component to Symphony's offerings that will build and strengthen relationships for both organizations in the United States and Latin America. The data solutions and insights available through Symphony and Close-Up International will drive future drug development and commercialization strategies."
BMA

Hot Stocks

10:00 EDT Banco Macro falls -7.4% - Banco Macro is down -7.4%, or -$2.83 to $35.45.
JNUG

Hot Stocks

10:00 EDT Direxion Daily Jr Gld Mnrs Bull 3X Shrs falls -8.2% - Direxion Daily Jr Gld Mnrs Bull 3X Shrs is down -8.2%, or -$6.41 to $71.68.
PCG

Hot Stocks

10:00 EDT PG&E falls -24.4% - PG&E is down -24.4%, or -$3.49 to $10.79.
UNT

Hot Stocks

10:00 EDT Unit Corp. rises 9.7% - Unit Corp. is up 9.7%, or 32c to $3.56.
BE

Hot Stocks

10:00 EDT Bloom Energy rises 9.9% - Bloom Energy is up 9.9%, or 51c to $5.63.
ARMK

Hot Stocks

10:00 EDT Aramark rises 9.9% - Aramark is up 9.9%, or $3.69 to $40.79.
TGNA...

Hot Stocks

09:56 EDT Tegna jumps after report of Apollo deal interest - Shares of Tegna (TGNA) jumped on Monday morning following a report from late Friday that Apollo Global (APO) approached the company earlier this year about a potential takeover. APOLLO APPROACHED TEGNA THIS YEAR: Apollo Global Management approached TV station operator Tegna about a sale earlier this year, The Wall Street Journal's Cara Lombardo and Miriam Gottfried reported on Friday, citing people familiar with the matter. Apollo first contacted Tegna about a potential transaction at the beginning of the year, and later sent a formal letter to the board in February, according to the report, which adds that Apollo has been in "regular contact" despite so far being rebuffed by Tegna. Apollo would also consider other options, such as merging its stations with Tegna or selling them to the company, the people said. Tegna has a market value of around $3B, according to the Journal. Tegna said in a statement that its board of directors and management team are committed to creating value for all shareholders. MORE DETAILS: According to the people, Apollo pictures combining Tegna's assets with those of Cox Media. Apollo agreed to acquire a majority stake in Cox Media in February, and also signed a deal earlier this year to acquire 20 stations owned by privately-held Northwest Broadcasting. People familiar with the matter say Apollo expects both of these deals to close next month. WHAT'S NOTABLE: Apollo's interest in Tegna comes amid consolidation in the local TV market, including the pending deal between Nexstar (NXST) and Tribune Media (TRCO). ANALYST COMMENTARY: Wolfe Research upgraded Tegna to Outperform from Peer Perform on Monday, saying something has to happen to the shares given the company has no controlling shareholder and noted that its large market stations fit almost perfectly with Cox. PRICE ACTION: In early trading, shares of Tegna are up over 5% to $15.87. Reference Link
UVXY

Hot Stocks

09:47 EDT ProShares Trust Ultra VIX Short Term Futures ETF falls -7.2% - ProShares Trust Ultra VIX Short Term Futures ETF is down -7.2%, or -$2.46 to $31.68.
JNUG

Hot Stocks

09:47 EDT Direxion Daily Jr Gld Mnrs Bull 3X Shrs falls -7.9% - Direxion Daily Jr Gld Mnrs Bull 3X Shrs is down -7.9%, or -$6.14 to $71.95.
PCG

Hot Stocks

09:47 EDT PG&E falls -27.3% - PG&E is down -27.3%, or -$3.91 to $10.38.
TGNA

Hot Stocks

09:47 EDT Tegna rises 9.4% - Tegna is up 9.4%, or $1.41 to $16.41.
EL

Hot Stocks

09:47 EDT Estee Lauder rises 10.4% - Estee Lauder is up 10.4%, or $18.63 to $197.85.
ARMK

Hot Stocks

09:47 EDT Aramark rises 11.2% - Aramark is up 11.2%, or $4.17 to $41.27.
PULM

Hot Stocks

09:28 EDT Pulmatrix receives U.S. patent covering iSPERSE formulations - Pulmatrix has received a grant from the United States Patent and Trademark Office for US Pat. No. 10376465. Granted claims cover iSPERSE formulations of the company's lead pipeline program Pulmazole. The patent, entitled "Monovalent Metal Cation Dry Powders for Inhalation", protects formulations that contain an anti-fungal agent with iSPERSE formulations. iSPERSE is Pulmatrix's proprietary inhaled engineered particle technology.
MMSI

Hot Stocks

09:27 EDT Merit Medical appoints Lynne Ward to board of directors - Merit Medical Systems announced that it has appointed Lynne Ward to serve as an independent director of the Company. Ward is the Executive Director of my529, a state-run college savings plan offering municipal fund securities.
RNVA

Hot Stocks

09:22 EDT Rennova receives CMS notice on change in ownership for Jellico Medical Center - Rennova Health announced that it has received notice from the Centers for Medicare & Medicaid Services on August 15 that that the change of ownership for Jellico Medical Center is effective from March 1, 2019. The Medicare agreement that was in place with the former owner has been automatically assigned to Jellico Medical Center, Inc., the new owner of the hospital. The hospital can now bill and get paid for services provided under this agreement since March 1.
HZNP

Hot Stocks

09:19 EDT AJO review says Horizon Pharma's teprotumumab could potentially treat TED - An evaluation of the state of care for thyroid eye disease, or TED, published in the American Journal of Ophthalmology, or AJO, highlights the lack of current therapies to adequately treat the disease. The invited 'Perspective' discusses the potential for Horizon's investigational medicine teprotumumab to "change the treatment paradigm". The biologics license application, or BLA, for teprotumumab is currently being reviewed by the FDA and if approved, teprotumumab could be the first FDA-approved medicine for active TED. Teprotumumab is presently an investigational medicine and its safety and efficacy have not been established. The review discusses the challenges in treating this progressive and vision-threatening autoimmune disease with off-label therapies that address only inflammatory symptoms and the burden of illness TED places on patients. The authors highlight that the optimal time to initiate therapy is while the disease is active, which is a one-to-three-year period characterized by inflammation. TED becomes inactive, and unresponsive to current pharmacotherapy, once the inflammation has stabilized. When TED is inactive, damage may be irreversible even with surgical interventions. This may result in permanent physical, visual and psychosocial impairment. Research implicates the overexpression of insulin-like growth factor-1 receptor, or IGF-1R, as a key contributor to TED, suggesting the fully human monoclonal IGF-1R antagonist antibody teprotumumab inhibits a central mechanism driving the disease. Recent clinical studies with teprotumumab have demonstrated its potential in treating patients with active TED. The body of clinical evidence with teprotumumab includes top-line positive results from the Phase 3 confirmatory clinical trial, called OPTIC. The OPTIC study found that significantly more patients treated with teprotumumab had a meaningful improvement in proptosis, or bulging of the eye, as compared with placebo. All secondary endpoints were also met, including reduced diplopia and improved quality of life. Teprotumumab was generally well tolerated; the majority of adverse events were mild or moderate, manageable and resolved during or after treatment. The OPTIC study was initiated after clinically meaningful and statistically significant results from a Phase 2 study, published in The New England Journal of Medicine on May 4, 2017.
MATN

Hot Stocks

09:17 EDT Mateon Therapeutics enters into merger agreement with PointR Data - Mateon Therapeutics and PointR Data, a privately-held, developer of high performance cluster computer and artificial intelligence company, announced that they have entered into a definitive agreement with respect to a merger, creating a publicly traded artificial intelligence driven immuno-oncology company with a robust pipeline of first in class TGF-beta immunotherapies for late stage cancers such as gliomas, pancreatic cancer and melanoma. Under the terms of the merger agreement, PointR will be merged into and become a wholly owned subsidiary of Mateon. Holders of PointR common stock prior to the merger will be entitled to $15,000,000 payable in shares of Mateon common stock, calculated at of 18c per share. The merger agreement also provides for two additional tranches of merger consideration based on: PointR's achievement of proof of concept and licensing deal for AI based asset for minimum of $100M in life-time license fees of which at least $10M has been received. Each tranche is for $7,500,000 in value of additional Mateon common stock, based on the market price at the time of payment, subject to a minimum value of 18c per share. The merger is subject to customary conditions to closing. In addition, Mateon's obligation to close is conditioned on PointR providing audited financial statements that would be required for Mateon to comply with the SEC's filing requirements. PointR's obligation to close is conditioned on Mateon raising a minimum of $10M in an equity financing transaction or $5M in a commercial agreement. In addition, PointR's obligation is conditioned upon Mateon to grant a license to allow the former shareholders of PointR to use elements of the technology in fields outside of pharmaceutical development. Mateon and PointR intend to actively seek additional capital to support the combined business, no additional equity financing or commercial agreement is in place at this time. The merger is not expected to close until such financing is secured.
AVAV

Hot Stocks

09:13 EDT AeroVironment receives $45M Raven B UAS contract award from U.S. Army - AeroVironment announced it received a firm fixed-price contract award on July 25 valued at $45.19M for RQ-11B Raven small unmanned aircraft systems, or UAS, and initial spares packages. AeroVironment received the contract award from the United States Army for its Security Force Assistance Brigades, or SFAB. Delivery is anticipated by January 2020.
AVT

Hot Stocks

09:12 EDT Avnet raises quarterly dividend by 5% to 21c per share - Avnet's board approved a 5% increase in the quarterly cash dividend to 21c per share. The dividend will be paid on September 25, to shareholders of record as of the close of business on September 11.
AVT

Hot Stocks

09:11 EDT Avnet expands share repurchase authorization by $500M - Avnet announced that on August 14, its board approved an increase in Avnet's current share repurchase authorization by $500M. Avnet now has $675M available for share repurchases when combined with prior authorizations.
CANN

Hot Stocks

09:10 EDT General Cannabis enters into term sheet for acquisition of cannabis retailer - General Cannabis announced that it has entered into a non-binding term sheet to acquire substantially all of the assets of a licensed recreational cannabis retailer in Denver, Colorado. The seller of the Business operates a retail cannabis dispensary in Denver. This potential transaction follows the Company's recent announcement of its entry into non-binding term sheets to acquire other licensed cannabis entities in Colorado. The Company is taking these actions based on the signing of Colorado House Bill 1090, a recently approved law allowing public companies to own Colorado-licensed cannabis companies. Once the regulations surrounding the implementation of the law are finalized, the Company plans to enter into a binding transaction for the Business. It is anticipated that General Cannabis will pay consideration consisting of fifty percent cash and fifty percent in shares of the Company's common stock for substantially all of the tangible and intangible assets of the Business. The term sheet for the Business also provides that the Company will enter into a five-year lease for the retail facility with options for renewal and purchase.
DOOR

Hot Stocks

09:10 EDT Masonite appoints Cory Sorice as Chief Innovation Officer - Masonite announced the appointment of Cory Sorice as Senior Vice President and Chief Innovation Officer, effective August 19. Most recently, he was Vice President and General Manager, Emerging Business for Chamberlain Group.
DRYS...

Hot Stocks

09:10 EDT Fly Intel: Pre-market Movers - HIGHER: DryShips (DRYS), up 35% after announcing SPII Holdings will acquire the outstanding shares of the company that it does not already own for $5.25 per share in cash, without interest... Empire Resorts (NYNY), up 13% after entering a definitive agreement under which affiliates of Kien Huat Realty and Genting Malaysia Berhad will acquire all of the outstanding equity of the company not currently owned by Kien Huat or its affiliates for $9.74 in cash per share of common stock... Aramark (ARMK), up 12% after Mantle Ridge and its affiliates disclosed a 20% combined stake in the company. UP AFTER EARNINGS: Sina (SINA), up 7%... Weibo (WB), up 8%... Estee Lauder (EL), up 6%... Tailored Brands (TLRD), up 7%. LOWER: PG&E (PCG), down 23% after a U.S. Bankruptcy Court judge in San Francisco allowed PG&E to hold on to sole rights to construct a chapter 11 exit plan... Vanda Pharmaceuticals (VNDA), down 5% after receiving a complete response letter from the FDA on Hetlioz.
BYND

Hot Stocks

09:09 EDT HelloFresh announces Beyond Meat burger offer - HelloFresh announced the introduction of the Beyond Burger from Beyond Meat. Offered as part of HelloFresh's craft burger collection, HelloFresh customers can now order the first recipe Goudalicious Beyond Burgers paired with potato wedges and creamy mustard aioli, which will begin shipping to customers nationwide the week of September 14. The Beyond Burger has 20 grams of plant protein derived from a blend of peas, mung beans and brown rice.
RMNI ORCL

Hot Stocks

09:09 EDT Rimini Street issues statement on U.S. Appeals Court ruling - Rimini Street (RMNI) issued the following statement in response to the August 16 ruling by the U.S. Ninth Circuit Court of Appeals in the Oracle v. Rimini Street litigation which was filed in January 2010, went to trial in 2015, and has been on appeal since: "We are pleased that the Appeals Court again corrected legal errors in the District Court's post-trial orders, adding to the Appeals Court's and Supreme Court's prior reversals in this case and refunds from Oracle (ORCL) totaling over $34M. Oracle lost 23 of 24 claims it originally pursued against Rimini Street in this case, with the jury finding that Rimini Street engaged in "innocent infringement" on the remaining claim. Rimini Street had voluntarily stopped using the legacy processes that were found to be infringing before the 2015 trial and before the District Court issued an injunction barring the use of those legacy processes in 2018. The injunction, which has been narrowed by the Appeals Court, does not prohibit Rimini Street's provision of services for any Oracle product lines, but rather defines the manner in which Rimini Street can provide support services for certain Oracle product lines. Oracle did not prevail on any of its claims against Rimini Street's CEO, Seth A. Ravin. Although the Appeals Court identified and corrected legal errors in this latest court round, it did not vacate the injunction entirely and did not provide any refund of the $28M in Oracle legal fees that Rimini Street had previously paid in full in 2016. In light of the latest Appeals Court decision, we are evaluating our legal options."
PALDF

Hot Stocks

09:08 EDT North American Palladium acquires 51% interest in Sunday Lake PGM project - North American Palladium announced that the Company has vested a 51% interest in the Sunday Lake Project. The decision to elect to continue investing in this platinum group metal property was supported by encouraging drilling results from the PGM Zone, including the best intersection reported to date. After completing two winter drilling programs, the Company has exceeded the mandated two-year exploration expenditure requirement and has completed the requisite cash payments to its partners, comprising $675,000 to Impala Platinum Holdings Limited and $75,000 to Transition Metals Corp. Accordingly, Implats' interest in the joint venture has been reduced to 24% while Transition maintains a 25% free carried interest through to the completion of a Feasibility Study. The Sunday Lake PGM Project is located 25 km north of Thunder Bay in Jacques Township, approximately 60 km south of NAP's Lac des Iles Mine operations. The property hosts the Sunday Lake Intrusion, which is part of the Proterozoic Mid-Continental Rift magmatic event that produced the Eagle nickel deposit in Michigan and the Tamarack and Duluth Complex magmatic sulphide deposits in Minnesota. Prior to NAP vesting a 51% interest, the Project was a joint venture between Transition and Implats, whereby Implats held a 75% interest and Transition held a 25% free carried interest until the completion of a Feasibility Study, at which time Transition's interest would convert to a 25% participatory interest. On June 20, 2017, Transition and Implats collectively signed an Option Agreement with NAP. The Agreement provides NAP with the exclusive right to acquire Implats' 75% ownership in the Sunday Lake Project by completing the following exploration expenditures and cash payments: Stage 1: NAP was entitled to acquire a 51% interest in the property by investing $1.5M in exploration expenditures and making cash payments of $75,000 to Transition and $675,000 to Implats within a two-year period. This stage has now been completed. Stage 2: NAP may increase its interest from 51% to 65% by investing an additional $2.5M in exploration expenditures and making further cash payments of $125,000 to Transition and $1.125M to Implats within a two-year period. Stage 3: NAP may further increase its interest from 65% to 75% by investing an additional $0.5M in exploration expenditures and making final cash payments of $150,000 to Transition and $1.35M to Implats within a one-year period.
SPOK

Hot Stocks

09:07 EDT Spok appoints Matt Mesnik, MD as Chief Medical Officer - Spok Holdings announced the appointment of Matt Mesnik, MD, as Chief Medical Officer. In this role, Dr. Mesnik will be responsible for representing physicians' needs for communication software solutions that support provider efficiency and drive improvements in patient care.
GNBT

Hot Stocks

09:04 EDT Generex acquires additional 38% of Olaregen Therapeutix - Generex Biotechnology Corporation announced that Generex has acquired an additional 38% of Olaregen Therapeutix for a total Generex ownership of approximately 99% after the share exchange at $2.50 a share for GNBT stock, in a cashless transaction. An 8-K will be filed with the SEC outlining the details of the transaction. Also, Generex paid the final payment of $138,000 to a noteholder to satisfy an outstanding note, which together with the payment of $900,000 on Friday August 16, clears over $1M in debt from the books to further strengthen the Generex balance sheet as the Nasdaq up-list application is being processed.
KIDS

Hot Stocks

09:02 EDT OrthoPediatrics receives FDA 510(k) clearance for PediFoot system - OrthoPediatrics announced it has received 510(k) clearance from the U.S. Food and Drug Administration for its new PediFoot Deformity Correction System, the first pediatric-specific system to treat fractures and deformities of the foot and ankle. This system consists of innovative implants and instrumentation that increase procedure throughput. PediFoot is the first OrthoPediatrics' system to incorporate the StarLoc variable angle locking technology, while also being the thinnest plates in the portfolio. OrthoPediatrics' PediFoot Deformity Correction System is intended for fixation of fractures, osteotomies, non-unions, replantations, and fusions of small bones and small bone fragments, including hands, wrists, feet, and ankles. Common pediatric deformities that this system addresses include cavus foot, flatfoot, clubfoot, and hallux valgus.
LOW

Hot Stocks

09:01 EDT Lowe's to sell licensed NFL-branded merchandise - Lowe's announced that it will carry more than 10,000 licensed NFL-branded merchandise items on Lowes.com/NFL and will launch an online video "homegating" series that will inspire fans as they prepare for the NFL season. Product offerings can be found at Lowes.com/NFL today and select products will be available in stores in the coming weeks. Select Lowe's stores across the country will dedicate space to select NFL and team merchandise, grills, patio furniture and decor. Lowe's will showcase some of these items in a new online video series, called NFL Homegating Makeovers by Lowe's, which follows three football-themed home makeovers in one of three primary homegating areas - kitchen, living room and patio. Lowe's partnered with the Carolina Panthers, Dallas Cowboys, Philadelphia Eagles and popular DIYer Monica Mangin to complete the makeovers for three families. In addition to the series, Lowe's has renewed its partnership with the Carolina Panthers and is proud to announce a new partnership with the Dallas Cowboys. The multi-year partnerships will allow Lowe's to provide unique NFL experiences for customers and associates around home games and throughout the season, including at key moments such as a club's Salute to Service game.
LAND

Hot Stocks

09:01 EDT Gladstone Land acquires California pistachio orchard for $33M - Gladstone Land Corporation announced that it has acquired approximately 1,000 gross acres of farmland in Coalinga, California, for $33M. The farm consists of 911 planted acres of mature pistachio trees. In connection with the acquisition, the Company also entered into an eight-year, triple-net lease with RTS Agri Business and Canoas Creek Pistachios. This is the first closing of a two-part acquisition; the second closing is scheduled to occur during the fourth quarter of 2019 and is slightly larger than this one.
IDSA

Hot Stocks

08:55 EDT Industrial Services of America trading resumes
AFYA

Hot Stocks

08:53 EDT Afya appoints Daulins Emilio as director increasing board to eight - Afya Limited announced the appointment of Daulins Emilio to its board of directors as a non-independent director, effective as of August 14, 2019. Emilio is a Managing Director at Bertelsmann Brazil Investments and Head of the Bertelsmann Corporate Center in Brazil. Emilio's appointment increases the size of Afya's board of directors to eight directors.
NEOG

Hot Stocks

08:48 EDT Neogen signs development, licensing agreement with Corvium - Neogen announced that it has signed a development and licensing agreement with Corvium that will allow Neogen's customers exclusive access to an enhanced version of Corvium's award-winning CONTROL-PRO food risk intelligence platform. To be marketed under the Neogen Analytics brand, the innovative platform will enable Neogen customers to automate food safety workflows, and continuously monitor and analyze food risk data generated by the company's food safety diagnostic products.
JAGX

Hot Stocks

08:45 EDT Jaguar Health reports statistically significant results for crofelemer study - Jaguar Health announced that statistically significant top line results have been achieved in a key preclinical pharmacological study to evaluate the effects of crofelemer on diarrhea induced in healthy dogs by a maximally tolerated dose of a specific tyrosine kinase inhibitor. The results of the Study, which was funded by a third-party cancer agent manufacturer of an FDA-approved TKI, are expected to provide additional scientific rationale and support for the use of crofelemer in providing symptomatic relief of noninfectious diarrhea in human patients receiving TKI-and/or-other targeted cancer therapy-containing regimens in future human clinical investigations. The top line results of the Study show that combined crofelemer groups demonstrated superior benefit for "responders." The Study randomized 24 healthy Beagle dogs into three parallel groups over a treatment period of 28-days dosed with the TKI and placebo or crofelemer up to four times a day. Specifically, one group of dogs received crofelemer twice daily with the TKI; another group received crofelemer four times daily with the TKI; and the third group received placebo capsules four times a day with the TKI. Top line results show that dogs enrolled in the QID group were 26.8 times more likely to be a "responder" than dogs in the placebo group. Specifically, 7/8 of the dogs in the QID group were "responders" compared to 3/8 of the dogs in the placebo group. Furthermore, dogs randomized to the BID group were 17.8 times more likely to be a "responder" when compared to dogs randomized to the control group. Specifically, 6/8 dogs in the BID group were "responders" compared to 3/8 dogs in the placebo group. There was no significant difference between dosing crofelemer twice daily compared to four times daily in providing symptomatic relief from diarrhea in the dogs.
CPST

Hot Stocks

08:43 EDT Capstone Turbine announces new French biogas-to-energy project - Capstone Turbine announced that it has secured a 400 kW microturbine sale to power another biogas-to-energy project in France. The order for the lightweight and compact 3-bay C400 Signature Series package was secured by Biogaz Services, Capstone's distributor for renewable energy in France. The microturbine package will operate on renewable biogas from the methane generated from agricultural green waste, cow manure, and pig manure. The Capstone C400S will be coupled with an exhaust fired heat exchanger and will utilize the biogas to produce electricity that will be put back on the local French electrical grid while the thermal energy generated from the microturbine exhaust will feed a nearby hospital.
CTXS

Hot Stocks

08:35 EDT Citrix appoints Arlen Shenkman as CFO - Citrix Systems (CTXS) announced that Arlen Shenkman has been appointed Executive Vice President and CFO, reporting to Citrix president and CEO, David Henshall, effective September 9. He joins Citrix from SAP (SAP), where he held financial and business development roles critical to SAP's cloud transformation. He will succeed Jessica Soisson, who has served as Citrix's Interim CFO since April. Soisson will remain at Citrix and will report to Shenkman in her continuing role as Corporate Controller and Chief Accounting Officer.
YGYI

Hot Stocks

08:34 EDT Youngevity's Khrysos Industries enters supply contract with DJB Industries - Khrysos Industries, a wholly owned subsidiary of Youngevity International, announced that it has entered into a five-year supply contract with DJB Industries to provide extraction services and end-to-end processing to produce isolate, water soluble isolate, distillate, and water-soluble distillate hemp derived products. Extraction and post processing fulfillment and revenues are anticipated to begin in the first quarter of 2020 with revenues forecasted in excess of $ 170M through 2025 based on current market conditions and assuming, among other things, the ability to secure buyers for the produced product and the supplier's ability to supply the biomass for extraction and processing.
INPX

Hot Stocks

08:34 EDT Inpixon completes acquisition of Jibestream - Inpixon announced that it has completed the acquisition of Jibestream. Jibestream has been a pioneer in experiential wayfinding software and mapping technologies since their founding ten years ago. The Jibestream solution, a full-featured geospatial platform that integrates business data with high-fidelity indoor maps to create smart indoor spaces, is deployed in hundreds of buildings globally including numerous marque venues such as Mall of America, The Pentagon, Westfield World Trade Center, San Francisco International Airport, several Veteran Affairs hospitals and Mall of the Emirates. In accordance with the terms of a Securities Purchase Agreement, dated July 9, 2019, Inpixon, through its wholly owned subsidiary Inpixon Canada, Inc., as purchaser, acquired 100% of the outstanding shares of Jibestream in exchange for consideration consisting of a combination of cash and shares of Inpixon's common stock.
YTEN BAYRY

Hot Stocks

08:32 EDT Yield10 Bioscience expands research license with Bayer - Yield10 Bioscience (YTEN) announced that it has expanded its non-exclusive research license with Bayer (BAYRY) for soybean crop research to include a new discovery related to its C3004 yield trait gene. Yield10 is developing C3003 and C3004 as novel yield trait genes to increase seed yield in commercially important crops. Under the amended research license, Bayer will have access to these new developments from Yield10's C3004 program and new advanced technology related to the C3004 trait and its potential to increase seed yield. Yield10 has previously shown that targeting C3003, a gene trait derived from algae, can produce increases in seed yield in oilseed crops, including canola. C3004, a Camelina plant gene, may increase activity in the C3003 plants. In 2018, Yield10 reported that Camelina plants engineered only with increased activity of a novel C3004 gene produced significant increases in seed yield as well as increased vigor and branching in many of the plant lines tested in growth chamber studies. The exact role of C3004 is still being evaluated by Yield10.
DDD

Hot Stocks

08:31 EDT 3D Systems names Todd Booth as new CFO, effective September 3 - 3D Systems announced that Todd Booth will join the company as Executive Vice President and CFO, effective September 3. He will report to President and CEO Vyomesh Joshi and lead the company's Finance, Strategy and Corporate Development operations. Booth brings to 3D Systems 25 years of progressive financial leadership at large and mid-market growth companies as well as diverse industry experience in automotive, healthcare, defense, energy, electronics and marine. Most recently, he was CFO for Teledyne Marine where he successfully led a complex, global transformation. Booth replaces John McMullen, who announced his planned retirement earlier this year.
IDSA

Hot Stocks

08:27 EDT Industrial Services of America agrees to sell substantially all its assets - Industrial Services of America announced that it has entered into a definitive agreement to sell substantially all of its assets to River Metals Recycling, a subsidiary of The David J. Joseph Company. The purchase price is $23.3M, less certain payoff amounts relating to taxes, encumbrances, and assumed capital leases, and is subject to a net working capital adjustment. The company expects the net proceeds available for distribution to shareholders following the payment of debt, transaction costs and other expenses to be an estimated $1.15 to $1.35 per share, in one or more distribution installments. The mid-point of this range represents a 70% premium to the company's closing stock price on the business day immediately prior to this announcement and a 38% premium to the company's average closing stock price over the past thirty trading days. These estimates are subject to a number of factors, including the company's operating results up until the closing. The Transaction follows an extended process in which a special committee of the company's board explored strategic alternatives available to the company and evaluated sale opportunities with the advice and assistance of its financial advisor, Conway MacKenzie Capital Advisors LLC. The Transaction was unanimously approved by the company's board. The Transaction is subject to satisfaction or waiver of closing conditions set forth in the purchase agreement, including approval by the company's shareholders. The company will call and hold a shareholders' meeting seeking to obtain this approval. The closing of the Transaction is also conditioned on the issuance of a storm water permit and agreed order on terms not materially different from those currently being discussed with the state agency in connection with the company's efforts to ensure future compliance with the stormwater permit at one of its facilities. The company expects the Transaction to close in late Q4 or early Q1 of 2020.
APO

Hot Stocks

08:20 EDT Apollo Global plans to complete conversion into corporation on Sept. 5 - Apollo Global Management announced that it intends to complete its previously announced conversion from a publicly traded partnership to a corporation effective September 5, 2019. Existing Apollo unitholders will receive a final Schedule K-1 for the period from January 1, 2019 through September 4, 2019, and following the conversion, distributions will be dividends for U.S. tax purposes and shareholders will receive a Form 1099-DIV. In connection with Apollo's conversion to a corporation, Leon Black, founder, chairman and CEO Josh Harris, co-founder and senior managing director, Marc Rowan, co-founder and senior managing director, and several other Apollo senior executives announced their intention to set aside a portion of their equity stakes towards charitable giving. Apollo Operating Group units worth approximately $600 million based on recent trading prices are expected to be exchanged into an equal amount of Class A shares, which the executives intend to donate to charity over time.
BMTC

Hot Stocks

08:18 EDT BMT Wealth Management appoints Jeffrey Mills as CIO - Bryn Mawr Trust announced that Jeffrey Mills has joined their wealth division as SVP and chief investment officer. Mills reports directly to Jennifer Dempsey Fox, president of BMT Wealth Management, and will maintain an office at the firm's new Berwyn, Pa. location beginning September 16, 2019. Jeff will be responsible for investment strategy across BMT's Wealth Management platform, including the development of alternative capabilities to attract high net-worth and ultra-high net-worth clients, as well as institutions, endowments and foundations. He will lead firm-wide asset allocation decisions and publication of investment thought leadership. Jeff will manage BMT's team of research analysts in addition to the Directors of Fixed Income and Third-Party Services. He will also collaborate on the direction and management of BMT's team of portfolio managers. Most recently, Mills was managing director and co-chief investment strategist at PNC Financial Services Group.
IDSY

Hot Stocks

08:12 EDT I.D. Systems deploys in-cab tech for Samuel Coraluzzo & Torrissi fleet - I.D. Systems has deployed upgraded in-cab technology for the entire fleet of Samuel Coraluzzo & Torrissi Transport. Integrating their latest PowerFleet technology offering, the LV9000 asset-tracking solution, into the Samuel Coraluzzo & Torrissi Transport operating system has delivered a 360-degree, "real time" view of their business that improves employee productivity and helps deepened customer satisfaction by reducing problems and enables taking proactive measures before problems occur.
TPX

Hot Stocks

08:11 EDT Tempur Sealy, Fullpower Technologies form strategic partnership - Tempur Sealy and Fullpower Technologies announced a strategic partnership. Through this partnership, Tempur-Pedic recently unveiled the Tempur-Ergo Smart Base Collection powered by Sleeptracker AI. The Sleeptracker Technology Platform is designed and operated by Santa Cruz-based Fullpower. Combined with adaptable Tempur-Pedic mattresses, the Tempur-Ergo Smart Base powered by Sleeptracker AI creates a completely integrated system with personalized sleep analytics and coaching, plus a uniquely-responsive foundation that can now automatically respond to snoring and may help people sleep more comfortably.
FBIO

Hot Stocks

08:11 EDT Fortress Biotech appoints Kevin Lorenz to board of directors - Fortress Biotech announced that Kevin Lorenz, J.D., has been appointed to its Board of Directors. Lorenz, CIO, SVP Treasury & Private Investments at the Katz Group, is an executive with over 25 years of experience guiding and implementing investment strategy across public and private companies. The Katz Group owns 4,675,000 common shares of Fortress stock, or 6.9% of the Company's issued and outstanding common stock.
SPEX HOTH

Hot Stocks

08:09 EDT Spherix CEO urges shareholders to approve purchase of CBM BioPharma - Spherix CEO Anthony Hayes issued a letter to shareholders: "Dear Shareholder, In advance of our Special Meeting on September 5th, I write to update you on certain developments and to encourage you to vote in favor of the proposals recommended by the Board of Directors and set forth in the Special Meeting Proxy. The acquisition of the CBM BioPharma pharmaceutical assets is an integral step in building Spherix into a cutting edge pharmaceutical company. It also builds upon the success we have already realized as a part of the company's transformation. Two years ago, Spherix made an investment in Hoth Therapeutics, which is now estimated to be worth over $10,000,000. In our effort to deliver value to our shareholders and to continue the transformation at Spherix, the Board intends to propose a special dividend of One Hundred Thousand shares of Hoth stock. Effectuating the dividend is contingent upon obtaining the necessary votes for the CBM acquisition at the Special Meeting to be held on September 5th. The dividend will be paid upon the consummation of the transaction with CBM to shareholders of record prior to the date of such consummation. Upon closing the acquisition of the CBM assets, the company expects to focus its efforts on growing and developing its portfolio. The proposed Hoth dividend represents over $500,000 of value at today's stock price. Should Spherix not receive the necessary votes to acquire the CBM assets on September 5th, it is unlikely that the Hoth dividend will be declared. The company would instead retain this stock to use as a valuable resource for other corporate and strategic matters."
OSUR

Hot Stocks

08:03 EDT OraSure sells cryosurgical systems business for $12M in cash - OraSure Technologies announced the sale of its cryosurgical systems business to CryoConcepts, LP for an aggregate purchase price of $12M in cash. The transaction includes the transfer of OraSure's professional Histofreezer product line and several private label cryosurgical products sold in the consumer market, along with related patents and trademarks, customer contracts and goodwill associated with the business.
VRAY

Hot Stocks

08:03 EDT ViewRay announces results from trial on MR-guided radiation treatment - ViewRay announced the acceptance of publication by the International Journal of Radiation Oncology, Biology and Physics of the first prospective clinical trial of MR-guided radiation therapy in patients with localized prostate cancer. This robust study of clinician and patient reported outcomes demonstrated zero CTCAE v4 grade 3 or higher gastrointestinal and genitourinary toxicity and even lower incidence of grade 2 toxicity than investigators hypothesized. It is also one of the first prospective clinical trials to study SBRT in a mix of intermediate- and high-risk prostate cancer patients, a challenging patient population to treat. The journal is the official scientific journal of the American Society for Radiation Oncology. Researchers from Amsterdam University Medical Center enrolled 101 patients with intermediate- or high-risk prostate cancer in a prospective phase II clinical trial. All patients received MRgRT in five fractions of 7.25 Gy to the target volume using on-table adaptive techniques. The trial did not use implanted markers or tissue spacers because treatments were delivered under MR-guidance, thereby eliminating an invasive procedure, potentially associated complications, and implantation costs. Results at three months showed that no early CTCAE v4.0 grade 3 GU or GI toxicity was observed, and the maximum cumulative grade 2 early GU and GI toxicity measured by any symptom at any study time point was 23.8% (study hypothesis 40%) and 5.0% (study hypothesis 15%). These results were obtained in a complex clinical cohort (59.4% high-risk patients) and are comparable to what would be typically observed in lower-risk populations, pointing to the potential benefits of MR-guided SBRT in this higher risk group. Additionally, the low incidence of early GI toxicity, despite the inclusion of the base of the seminal vesicles in 96% of patients, illustrates the benefit of MR-guidance and on-table adaptive re-planning. This technology facilitates smaller treatment margins while minimizing damage to surrounding tissue and critical structures, such as urethra, rectum, and bladder. The publication noted that incontinence was uncommon, reported by 4% of patients at the end of MRgRT and decreasing over time.
IDSA

Hot Stocks

07:59 EDT Industrial Services of America trading halted, news pending
GE

Hot Stocks

07:54 EDT GE: Current reserves 'well supported' for portfolio characteristics
GE BHGE

Hot Stocks

07:54 EDT General Electric says 'stands behind our financial reporting' - General Electric (GE) issued a response to its statements from last week, saying it believes that its current reserves are "well-supported for our portfolio characteristics. Our future liabilities depend on variables that will play out over decades, not years, and are dictated by rigorous testing processes, sound actuarial analysis, and the application of regulatory and accounting rules." The company adds, "As a majority shareholder of BHGE (BHGE), we are required to report BHGE on a consolidated basis under U.S. GAAP. Public companies like BHGE are also required to issue their own financials under U.S. securities law, even if they are owned by someone else. Finally, as we've disclosed, once GE is no longer the controlling owner of BHGE, our sale will trigger a non-cash charge." It also said, "Finally, some of questions I've been receiving go straight to the heart of GE's culture, so let me be clear: we operate with absolute integrity and stand behind our financial reporting. We are focused on delivering on our strategic priorities and we remain committed to providing accurate, complete and timely financial information to you. Our team remains confident in our company's long-term strengths; in addition to the executive and director stock purchases I mentioned last week, GE Gas Power CEO Scott Strazik also purchased another 34,836 shares on Thursday."
JWCAF

Hot Stocks

07:35 EDT James E Wagner Cultivation engages CMA for investor relations program - James E. Wagner Cultivation Corporation announced that it has engaged Capital Market Access to provide investor relations services pursuant to an investor relations agreement entered into between CMA and James E. Wagner Cultivation Ltd. CMA will work closely with JWC's management to develop and execute a comprehensive capital markets strategy. Subject to the approval of the TSX Venture Exchange, CMA will perform various investor relations services for JWC, which will include strategic advisory, investor and media communications, and introductions to key market players. CMA will also schedule meetings and investor conferences for the Corporation's management over the next several months. The Agreement has an initial term of six months, and unless terminated by either party, will thereafter be automatically renewed for consecutive three-month terms. Pursuant to the Agreement, JWC will pay CMA a monthly base fee of $8,900, payable in arrears, plus reasonable out-of-pocket expenses. In the event that CMA makes introductions that result in a prospectus-exempt private share placement by the Corporation, or non-paid equity research coverage of the Corporation, CMA will be entitled to receive bonuses from JWC in the amount of $20,000 and the Agreement may be extended for additional six month terms, up to a total term not exceeding 24 months. Subject to the policies of the TSX Venture Exchange and the terms and conditions of the Corporation's stock option plan, CMA has been granted options to purchase up to 300,000 common shares of JWC as part consideration for its services under the Agreement. The Options will be exercisable at a price of $1.15 per share for a term of three years. The Options will vest quarterly in equal tranches over a one-year period on each of the three, six, nine and twelve month anniversaries of the date of the grant.
CBWTF

Hot Stocks

07:33 EDT Auxly Cannabis enters into hemp cultivation, purchase agreement - Auxly Cannabis Group announced that it has entered into a hemp cultivation and purchase agreement pursuant to which the Company has agreed to act as the financial sponsor for the development of a hemp farming co-operative consisting of six individual hemp licence holders pursuant to the Cannabis Act located in Prince Edward Island. To date, the Company has funded $4.5M of the approximately $6M it will advance and the Hemp Farmers have planted nearly 300 acres of hemp, which is expected to result in approximately 100,000 kilograms of hemp biomass. Pursuant to the Agreement, Auxly's wholly owned subsidiary, Dosecann, is entitled to purchase all of the hemp cultivated by the Hemp Farmers in 2019 at a preferential price relative to current wholesale market rates; the funds advanced by Auxly toward the development of the project will act as pre-payment for any future hemp purchases by Dosecann. The Company expects the initial hemp harvesting to commence later this fall, at which point the hemp will be tested, milled and stored pursuant to Dosecann specifications prior to delivery to Dosecann for extraction and manufacturing into final finished products.
KR WBA

Hot Stocks

07:33 EDT Kroger, Walgreens Boots Alliance to expand exploratory pilot to Tennessee - Building on an exploratory pilot launched in October 2018, The Kroger Co. (KR) and Walgreens (WBA) announced the introduction of a new test area for the retailers, featuring the expansion of Kroger Express and Kroger Pickup at select Walgreens stores as well as the launch of Walgreens' owned-brand health and beauty products in 17 Kroger stores in Knoxville, Tennessee. Starting this fall, 35 Walgreens stores in the area will feature a curated selection of Kroger's popular Our Brands products like Simple Truth, America's largest natural and organic brand, and national brand products. The assortment will vary by store and can include fresh meat, produce and dairy, frozen foods, shelf-stable products and Home Chef meal solutions to provide customers with a fill-in grocery shopping experience. Most locations will feature a full Kroger Express assortment, with up to 2,700 products, and other stores, on average, will offer 2,300 products. Most of the Walgreens pilot stores will also provide customers with the convenience of Kroger Pickup, enabling shoppers to place a digital order on kroger.com or through the Kroger app for curbside pickup at a participating location. The Knoxville expansion will also pilot a curated selection of Walgreens' owned-brand health and beauty products in 17 Kroger stores, also debuting in the fall. The destination will feature several categories, including beauty, personal care, over-the-counter medications and wellness. Walgreens Boots Alliance brands No7 and Soap & Glory will also be a part of the assortment.
ENLV

Hot Stocks

07:32 EDT Enlivex says committee recommends continued enrollment in Phase 1b trial - Enlivex Therapeutics announced that the safety review committee of the Company's ongoing Phase Ib clinical trial in patients with severe sepsis reviewed the data for the first two study cohorts, which included six patients, and provided a positive recommendation to the regulatory authorities for continued enrollment of patients in the study. Following this recommendation, the regulatory authorities approved the continued enrollment in the last cohort in the study, which will include four additional patients. The ongoing Phase Ib study is the first clinical trial of off-the-shelf Allocetra in human subjects. Enlivex developed OTS Allocetra as a second-generation cell therapy to the matched-donor Allocetra product, which has demonstrated a robust safety and clinical efficacy profile in a Phase IIa clinical trial for the prevention of graft-versus-host disease in patients post bone-marrow transplantations. Enlivex has designed the off-the-shelf product to eliminate the need to find matched donors as the source of the therapeutic cells. Following regulatory approval, if obtained, OTS Allocetra would allow Enlivex to manufacture therapeutic product inventory that could be used for additional clinical indications that require swift infusion of the product to patients. The first such indication Enlivex is targeting is prevention of cytokine storms and organ dysfunction associated with sepsis. The six patients in the Phase Ib clinical trial of OTS Allocetra had severe sepsis at the time of OTS Allocetra infusion. All six patients tolerated the infusion without serious adverse events, demonstrated swift clinical improvement after administration of the standard of care treatment combined with OTS Allocetra, and were released from the hospital after the condition of severe sepsis had been eliminated. The ongoing Phase Ib clinical trial is expected to recruit up to ten sepsis patients to study the safety and tolerability profile of OTS Allocetra. Subject to the study results, Enlivex plans to initiate a Phase II clinical study of OTS Allocetra in up to 40 patients with sepsis to study the clinical effect of OTS Allocetra on the amelioration of cytokine storms and prevention of organ dysfunction associated with severe sepsis.
ARMK

Hot Stocks

07:32 EDT Aramark selected as food, beverage provider for Harbor Yard Amphitheater - Harbor Yard Amphitheater announced it is partnering with Aramark to manage food and beverage services at the new concert venue on the Long Island Sound in Bridgeport, CT. "Working closely with Harbor Yard, Aramark will develop a fresh and exciting food and beverage program that enhances the concert-goers experience with local, on-trend and great-tasting menu options and amenities." Aramark will be responsible for general concessions, clubs, suites and onsite catering as well as special events.
EL

Hot Stocks

07:29 EDT Estee Lauder up 5.5% after Q4 results, FY20 outlook beat estimates - In pre-market trading, shares are up 5.5% to $189.05.
VNDA

Hot Stocks

07:25 EDT Vanda Pharmaceuticals down 12.77% after receiving CRL from FDA on Hetlioz - In pre-market trading, shares are down 12.77% to $13.25.
YUMA

Hot Stocks

07:20 EDT Yuma Energy says has taken 'significant steps' to stop daily production decline - Management said, "Yuma Energy provided an operational and corporate update and reported its 2019 second quarter financial results. During the second quarter, the company has taken significant steps to arrest the recent declines of our daily production. Specifically, we successfully installed a new jet pump on the Nettles 39-1 well, resulting in approximately 40 barrels a day of gross oil (bbl/d) or 15 bbl/d net production, up from 10 bbl/d gross prior to the workover. We also repaired the gravel pack on the State Lease 18194 well which has produced approximately 140 bbl/d gross, or 60 bbl/d net, for the most recent two weeks. Prior to the workover, the well was producing 90 bbl/d gross. We continue to diligently review our operations and evaluate opportunities to improve production where those activities result in short payback periods. The company also continues to reduce its operating and general and administrative costs and has significantly curtailed its planned 2019 capital expenditures. We plan to take further steps to mitigate our limited liquidity, which may include, but are not limited to, restructuring our existing debt; selling additional assets; further reducing general and administrative expenses; seeking merger and acquisition related opportunities and potentially raising proceeds from capital markets transactions, including the sale of debt or equity securities. Discussions regarding the restructuring of the company and its debt are ongoing, and management is hopeful that an accord can be reached. Management continues to work with Seaport Global Securities LLC, an investment banking firm, which advises the company on its strategic alternatives and is engaged in various discussions regarding its debt, potential acquisitions and other initiatives generally considered part of the restructuring process."
CTST

Hot Stocks

07:18 EDT CannTrust says approximately C$2.9M of products found OCS non-conforming - CannTrust Holdings has received a notice from the Ontario Cannabis Store, the Crown corporation in charge of wholesale distribution of cannabis products to licensed cannabis retailers in Ontario and the operator of Ontario's online recreational cannabis store, advising the company that the OCS has determined certain of the company's products sold to the OCS are Non-Conforming Products under the terms of the Master Cannabis Supply Agreement between the company and the OCS and that the OCS has elected to return these products to the company. Under the terms of the Master Agreement, any product that does not comply with applicable law is considered to be Non-Conforming Product and the OCS may elect to exercise its right, among others, to return such product to the company at the company's expense. The products listed in the OCS return notice constitute all or substantially all of the company's products currently held at the OCS and are valued at approximately C$2.9M in the aggregate. The company intends to fully perform its obligations under the Master Agreement. The OCS operates independently of Health Canada. Health Canada has not ordered a recall in respect of any of the company's products.
ARMK

Hot Stocks

07:14 EDT Aramark says focused on maximizing long-term value for shareholders - Aramark on Friday issued the following statement in connection with Mantle Ridge's Schedule 13-D Filing: "Aramark is focused on maximizing long-term value for all of our shareholders, and welcomes open communication and constructive dialogue with our shareholders toward that goal."
ARMK

Hot Stocks

07:13 EDT Mantle Ridge, affiliates disclose 20% combined stake in Aramark - On Friday, Mantle Ridge and its affiliates disclosed a 20% combined stake in Aramark on Friday. The fund, which is run by Paul Hilal, said in a regulatory filing that the stake is worth about $1.8B based on Friday's closing price, and that it plans to hold talks with the company about its strategic direction, governance, board and management composition, among other matters.
JYNT

Hot Stocks

07:12 EDT Joint Corp. acquires San Diego clinic expanding managed clinics to 58 - The Joint Corp. acquired one previously franchised clinic in the San Diego market increasing the number of company-owned or managed clinics to 58. The purchased clinic is located in the Eastlake community of Chula Vista, California. The San Diego market has 14 clinics.
TLRD

Hot Stocks

07:10 EDT Tailored Brands announces sale of corporate apparel business for $62M in cash - Tailored Brands announced that it has closed the sale of its corporate apparel business to a group led by the existing corporate apparel U.K. executive team for total cash consideration of $62M, subject to certain working capital adjustments. Of the $62M in total consideration, approximately $56M was received upon closing and approximately $6M is deferred to the first quarter of fiscal 2020. The transaction represents a multiple of 4.3 times fiscal 2018 Adjusted EBITDA for the corporate apparel business, which had net sales of $235.4M in fiscal 2018.
TNYBF

Hot Stocks

07:09 EDT Tinley enters into agreements with two Canadian cannabis companies - The Company has entered into agreements with two Canadian cannabis companies to facilitate the negotiation of definitive agreements for production and sale of Tinley's products in Canada. As a result, the Company expects to begin making presentations to various Canadian provincial cannabis boards and other prospective cannabis buyers this Fall. While cannabis beverages are expected to become legal in October of this year, it remains uncertain when licenses specific to manufacturing will be finalized for Canadian companies or when retailers will be in a position to make such products available for sale.
TNYBF

Hot Stocks

07:08 EDT Tinley formulates products for two prospective co-packing services clients - The company said, "The Company has formulated products for two prospective co-packing services clients, both of which are widely known brands. The Company has also received substantial inbound interest in facilitating cannabis-infused co-packing services from other companies, most of which are currently operating in the beverage alcohol, health beverage and cannabis industries.:
PSTL

Hot Stocks

07:07 EDT Postal Realty Trust CEO adopts purchase plan to acquire shares - Postal Realty Trust announced the company's founder, CEO and director, Andrew Spodek, entered into a trading plan pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. It is Spodek's intention to acquire shares of the company's common stock consistent with certain timing, volume and price limitations. The trading plan was entered into on August 16 and will become effective on September 16. Under the terms of the plan, Spodek will be able to purchase up to 100,000 shares of the company's common stock, subject to price and trading limitations. Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans when they do not have material, non-public information. Using these plans, insiders may gradually acquire stock over a period of time regardless of any material, non-public information they may receive after adopting a plan. In accordance with Rule 10b5-1, Spodek will have no discretion over purchases under the plan. Because the purchases under the plan are subject to certain market pricing parameters and trading limitations, there is no guarantee as to the exact number of shares that will be purchased under the plan, or that there will be any purchases pursuant to the plan. Details of the transactions will be publicly available through Form 4 filings with the SEC. The 10b5-1 plan has been approved pursuant to the company's Insider Trading Policy.
TNYBF

Hot Stocks

07:07 EDT Tinley says application for California manufacturing license remains in process - The Company is conducting the buildout of a state of the art, purpose-built bottling facility under local authorization, which has been successfully granted by the City of Long Beach. The Company's application for a California State Type N Manufacturing license remains in process and, as previously disclosed, is expected to extend beyond the completion of equipment installation and tenant improvements at the facility. The company said, "The Company is pleased to be progressing through its licensing process as, and in certain respects, faster than expected. However, as previously disclosed, the process is still projected to extend somewhat beyond the completion of the buildout. This completion of the buildout is now anticipated in the coming weeks and, as a result, the date of the final commissioning of this facility is not impacted by elements of the buildout that remain in progress. The Manufacturer continues to have ample capacity with its Phase 2 licensed manufacturing and bottling facility agreement in place for the Tinley-branded products as well as for those of co-packing clients."
TNYBF

Hot Stocks

07:05 EDT Tinley Beverage Company fulfills planned Q2 deliveries to distributors - The Tinley Beverage Company confirmed that it has fulfilled its planned Q2 deliveries to distributors, and is providing an update on its cannabis licensing, bottling, business development and overall corporate operations. The Company has confirmed that the manufacturer of the Tinley-branded product shipped more than $200,000 of products to distributors' facilities in June and July, plus additional amounts for sales and marketing samples. This quantity of inventory, which represents all five of the Company's products, was shipped based on the quantity of products requested by various distributors prior to the pause in manufacturing that had occurred in late 2018. As previously disclosed, the Company would not recognize revenue immediately upon shipping to distributors, despite such products not being returnable or refundable. The Company is instead recognizing revenue once the relevant distributors provide payment, which allows for the variability of portions of inventory used for sales and other samples, as well as the timing of distributors' sales and payments. The Company is pleased with its progress towards restocking stores that had carried its products prior to the Fall 2018 production pause, as well as with obtaining listings in new stores. As a result, the Company's products are now available in dispensaries in most key markets throughout California. These products are also available via home delivery throughout the San Francisco Bay Area, including Silicon Valley, as well as in portions of Los Angeles. Additionally, the Company's products are available for on premise consumption in licensed cannabis lounges in San Francisco and the Palm Springs area. Requests for Company products have also been received from several cannabis lounges that are expected to be among the first to open in Los Angeles later this year.
TGT

Hot Stocks

07:04 EDT Target announces launch of Food & Beverage brand 'Good & Gather' - Target announced the introduction of Good & Gather, Target's largest owned Food & Beverage brand. Grounded in guest research, the flagship brand will offer a wide range of food and beverage products that prioritize taste, quality ingredients and ease, at a great value. Good & Gather will be available in stores and online on Target.com for same-day delivery beginning September 15.
ETON

Hot Stocks

07:04 EDT Eton Pharmaceuticals announces results from bioequivalence studies of ET-104 - Eton Pharmaceuticals announced results from bioequivalence studies of ET-104, Eton's proprietary oral liquid formulation of a molecule frequently used to treat a severe neurological condition. In bioequivalence studies conducted in 35 human subjects under both fed and fasting conditions, ET-104 demonstrated pharmacokinetic equivalence to a currently FDA-approved oral solid product of the same active ingredient. The 90% confidence intervals for ET-104's area-under-the-curve and peak concentration measurements were within the 80%-125% range that is commonly used to define bioequivalence. Based on these trial results, Eton anticipates submitting an new drug application with the FDA for the product in Q4.
TRLFF

Hot Stocks

07:03 EDT True Leaf submits site evidence package to Health Canada for True Leaf Campus - True Leaf Cannabis announced that it has submitted its site evidence package to Health Canada for True Leaf Campus, the company's cannabis cultivation and production facility in Lumby, British Columbia. The site evidence package submission is the final step required to obtain a license to cultivate cannabis at True Leaf Campus. Earlier this year, True Leaf completed construction on the current phase of True Leaf Campus. The completed phase includes a two-story, 18,000 square foot central hub for the initial grow area and future laboratory services, whole-plant extraction, and packaging of therapeutic cannabis products. The facility sits on a 40-acre site of industrial zoned land in the heart of Lumby, wholly-owned by True Leaf. The site evidence package demonstrates to Health Canada the True Leaf Campus facility is fully compliant and ready to operate. Based on a site review and first-hand feedback from industry consultants regarding the approval process, the Company expects to receive its cultivation license for True Leaf Campus in the fourth quarter of 2019. The Company has received full municipal support from the Lumby community and expects the facility to be an ideal processing, packaging, and sales location to meet the needs of the burgeoning Canadian cannabis industry.
VNDA

Hot Stocks

07:03 EDT Vanda Pharmaceuticals receives CRL from FDA on sNDA for HETLIOZ - Vanda Pharmaceuticals announced that on August 16, it received a Complete Response Letter from the U.S. FDA as part of its ongoing review of Vanda's supplemental New Drug Application for HETLIOZ for the treatment of Jet Lag Disorder. As Vanda previously reported on May 23, 2018, JLD patients reported sleeping nearly three hours longer over the three nights following their transatlantic trip when treated with Hetlioz than they did over the three nights following their untreated transatlantic trip, consistent with Vanda's jet lag simulation studies. In the CRL, the FDA asserted that these measures demonstrating improved sleep are of unclear clinical significance. The FDA's conclusions regarding the clinical significance of improved sleep in JLD are not the FDA's only observations made with respect to the sNDA. The CRL contains additional observations on various aspects of Vanda's sNDA. Vanda intends to consider each observation as it plans for continued engagement with the FDA on this matter. "We are deeply disappointed to have not received approval at this time, given our previous discussions with the FDA on this program," said Mihael Polymeropoulos, M.D. Vanda's President and CEO. "Vanda remains committed to obtaining FDA marketing approval for tasimelteon in Jet Lag Disorder in order to address this significant unmet medical need."
FULC

Hot Stocks

07:01 EDT Fulcrum Therapeutics intitiates Phase 2b clinical trial of losmapimod for FSHD - Fulcrum Therapeutics announced it has initiated ReDUX4, a Phase 2b clinical trial of losmapimod in facioscapulohumeral muscular dystrophy. The clinical trial is designed to evaluate the efficacy and safety of losmapimod, an investigational selective p38alpha/beta MAPK inhibitor, in addressing the underlying cause of FSHD, a rare, progressive and disabling muscular dystrophy. The multicenter trial is a randomized, double-blind, placebo-controlled, 24-week study of losmapimod, and will enroll patients with genetically confirmed FSHD. The primary endpoint of the study is to evaluate the efficacy of losmapimod in inhibiting or reducing DUX4-driven gene expression. DUX4 expression will be measured by a subset of DUX4-regulated gene transcripts in skeletal muscle biopsies. Clinical data are expected in the third quarter of 2020. In parallel, Fulcrum will also initiate a 52-week open label study, which will include interim analyses.
APTS

Hot Stocks

06:59 EDT Preferred Apartment makes joint venture investment in Virginia shopping center - Preferred Apartment announced that it made an approximate 90% equity investment in a joint venture with Crosland Southeast to acquire Fairfield Shopping Center, a grocery-anchored shopping center in Virginia Beach, Virginia. The center is located in a densely populated submarket of Virginia Beach, Virginia with over 129,000 residents within a three-mile radius with average household incomes of $87,000. This location is positioned at the corner of Kempsville Road and Providence Road that together have traffic counts of over 55,000 vehicles per day.
TLRD

Hot Stocks

06:58 EDT Tailored Brands reaffirms Q2 SSS outlook - The company expects to report comparable sales for each of its retail brands in line with its outlook provided on June 12.
ACM

Hot Stocks

06:56 EDT Aecom announces extension of tank operations contract - AECOM announced that the U.S. Department of Energy's Office of River Protection in Richland, Wash., intends to extend the current tank operations contract with AECOM-led Washington River Protection Solutions. The approximate $725M extension will run up to 12 months, from October 1, 2019, to September 30, 2020. The estimated value of the contract extension will be added in AECOM's backlog in the fourth quarter of fiscal 2019.
EL

Hot Stocks

06:55 EDT Estee Lauder sees 'strong consumer demand for high-quality products' in FY20 - "The company continues to see strong consumer demand for its high-quality products and for the fiscal year expects to grow ahead of the industry and to continue building global share. The company expects global prestige beauty to grow approximately 6-7% during the fiscal year, assuming no additional geopolitical risk materializes. However, the company is mindful of risks related to social, economic and political issues, including geopolitical tensions, regulatory matters, global security issues, currency volatility and economic challenges that could affect consumer spending in certain countries and travel corridors. Given this environment, the company has reflected the following risks in its outlook: Continued softness of brick & mortar retail in the United States and United Kingdom impacting overall prestige beauty growth, especially in the makeup category. Costs associated with the anticipated Brexit in the United Kingdom. Escalation of trade tensions between the U.S. and China, increase of tariffs in China and the gradual moderation of net sales growth in China and travel retail from recent levels. The company has not experienced this moderation to date and continues to be optimistic about the strength of long-term growth in those areas. Protests in key shopping areas in Hong Kong." In addition, there will be no adjustments relating to ASC 606 as fiscal 2020 will be under the same basis of revenue recognition accounting as fiscal 2019."
DRYS

Hot Stocks

06:50 EDT DryShips to be acquired by SPII Holdings for $5.25 per share in cash - DryShips announced that it had entered into an Agreement and Plan of Merger with SPII Holdings Inc., a company controlled by the company's Chairman and CEO, George Economou, under which SPII will acquire the outstanding shares of the company that it does not already own for $5.25 per share in cash, without interest. The $5.25 per share price represents a premium of approximately 66% over the company's $3.16 closing stock price on June 12, 2019, the last trading day before the company's announcement of SPII's initial offer to acquire all shares of the company common stock not owned by SPII, The $5.25 per share price reflects an increase of approximately 31% over the purchase price of $4.00 per share proposed in the Initial Offer. As previously disclosed, the company's Board of Directors formed a Special Committee of independent directors to consider the Initial Offer. The company's Board of Directors, acting on the unanimous recommendation of the Special Committee, approved the Merger Agreement. The Special Committee, with the assistance of its independent financial and legal advisors, exclusively negotiated the terms of the Merger Agreement with SPII. The merger is subject to approval by the company's stockholders at a special meeting of the company's stockholders to be held in due course, as well as other customary closing conditions. The merger is not subject to a financing condition. The merger is expected to close in the fourth quarter of 2019.
DRYS

Hot Stocks

06:49 EDT DryShips to be acquired by SPII Holdings for $5.25 per share in cash
NYNY

Hot Stocks

06:37 EDT Empire Resorts to be acquired by Kien Huat, Genting Malaysia for $9.74 per share - Empire Resorts announced a definitive agreement under which affiliates of Kien Huat Realty and Genting Malaysia Berhad will acquire all of the outstanding equity of the company not currently owned by Kien Huat or its affiliates for $9.74 in cash per share of common stock and with each share of the company's Series B preferred stock receiving the same consideration on an as-converted to common stock basis. Kien Huat is currently the holder of approximately 86% of Empire Resorts' outstanding shares of common stock, including common stock issuable upon conversion of the company's Series F convertible preferred stock. The purchase price represents a premium of approximately 15% over the closing share price of Empire Resorts' common stock on August 16, the last trading day prior to this announcement. The board of Empire Resorts has approved the transaction on the unanimous recommendation of the previously formed special committee of independent directors. Empire Resorts and Kien Huat also amended Kien Huat's existing preferred stock commitment letter with the company, which, subject to the terms thereof, enhances Empire Resorts' access to capital through February 2020. The amendment increases Kien Huat's remaining commitments from $52M to $77M. This credit support will enable the company to continue satisfying its debt obligations, while facilitating its operating strategy. Under the terms of the agreement, Empire Resorts' special committee, with the assistance of its financial advisor, will conduct a 10-business day "go-shop" process following the date of the announcement of the definitive agreement, during which it will actively initiate, solicit, encourage and evaluate alternative acquisition proposals, and potentially enter into negotiations with any parties that may offer alternative acquisition proposals. This process will facilitate efforts to maximize value for stockholders. Empire Resorts will have the right to terminate the definitive agreement to accept a superior proposal, if one is received, subject to the terms and conditions of the definitive agreement. There can be no assurance that this "go-shop" process will result in a superior proposal or that any other transaction will be approved or completed. Empire Resorts does not intend to disclose developments with respect to the solicitation process unless and until its special committee makes a determination requiring further disclosure. The transaction is expected to close in Q4. The transaction requires "majority of the minority" stockholder approval and provides an opportunity for Empire Resorts' stockholders to exercise their appraisal rights in connection with the proposed transaction. The transaction is also subject to the satisfaction of customary closing conditions and regulatory approvals, including obtaining specified gaming authority approvals and performance of the parties' contractual obligations through closing. Kien Huat has also entered into a voting agreement under which it has committed its voting shares in support of the transaction. Upon completion of the transaction, Empire Resorts will become a privately-held company and its common stock will no longer be listed on any public market.
POL

Hot Stocks

06:18 EDT PolyOne to sell PP&S business to SK Capital Partners for $775M in cash - PolyOne announced it has entered into a definitive agreement to sell its performance products and solutions, or PP&S, business to SK Capital Partners for $775M in cash. PolyOne expects to record a pre-tax gain of approximately $600M at the time the sale is completed. With sales of approximately $700M, PP&S is a global provider of formulated PVC and polypropylene based solutions, as well as contract manufacturing services, primarily serving the North American construction and automotive end markets. In accordance with US GAAP, the company expects the PP&S business will be classified as "held for sale" and reported as a discontinued operation. The sale is subject to satisfaction of regulatory requirements and other customary closing conditions, which the company expects to be completed during Q4. The company will discuss additional details of the transaction on its Q3 conference call.
PDS

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06:05 EDT Precision Drilling sees FY20 CapEx C$60M-C$80M - Precision's preliminary guidance for 2020 includes: projected capital expenditure range of C$60M-C$80 and targeted debt reduction range of C$100M-C$150M. The preliminary 2020 capital expenditure plan is based on current activity levels and market conditions, allowing for cash generation flexibility in what remains a volatile commodity environment. The year-over-year decrease is largely due to our 2019 Kuwait new build rig deployed on July 1. Regarding Precision's targeted debt reduction range, the company plans to utilize anticipated cash flow to fully retire its 2021 notes by the end of next year. Precision's CEO, Kevin Neveu stated: "Precision's proven free cash flow generation ability has allowed the company to accelerate debt reduction while funding the most attractive contracted investments. We believe this NCIB represents another tool for Precision to enhance the value of our underlying shares and may be particularly effective in the current depressed share price environment, while we continue to achieve our strategic priorities. We remain firmly committed to our deleveraging strategy and are reaffirming our recently increased 2019 debt reduction target of C$200 million and or our long-term targeted range of C$400 million to C$600 million by the end of 2021."
PDS

Hot Stocks

06:03 EDT Precision Drilling lowers FY19 CapEx view to C$144M from C$169M - Additionally, the company intends to make an application to implement a normal course issuer bid through the facilities of the Toronto Stock Exchange and the New York Stock Exchange for a portion of its common shares. Precision intends to purchase up to 10% of the public float over a period of twelve months from acceptance of the NCIB. The company's NCIB will be made in accordance with the requirements of the TSX and remains subject to TSX approval. Further details regarding the NCIB will be provided following TSX approval.
BSX

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06:03 EDT Boston Scientific acquisition of BTG expected to be immaterial to FY19 adj. EPS - Boston Scientific announced the completion of its acquisition of BTG pursuant to the previously announced scheme of arrangement. Upon the effectiveness of the scheme of arrangement, BTG became a wholly-owned subsidiary of Boston Scientific, and BTG shares no longer trade on the London Stock Exchange. Under the terms of the previously announced transaction, holders of BTG common shares will receive 840 pence in cash per share. Boston Scientific expects to complete the previously announced sale of its global embolic microspheres portfolio - comprised of Embozene, Embozene TANDEM and ONCOZENE brands - to Varian Medical Systems, Inc. in due course, a transaction entered into in connection with obtaining the antitrust clearances required to complete the BTG transaction. In addition, the company is initiating a process to explore the divestiture of the royalty stream associated with BTG's Zytiga licensing arrangements and anticipates closing this divestiture by the end of 2019. The transaction is expected to be immaterial to adjusted earnings per share in 2019 as a result of the BTG transaction closing later than originally anticipated, the divestiture of the Boston Scientific embolic microspheres portfolio, and the treatment of the licensing business as an asset for accounting purposes and its intended divestiture. The transaction is expected to be 4c-5c accretive in 2020 on an adjusted basis, and increasingly accretive thereafter. On a GAAP basis, the transaction is expected to be less accretive, or more dilutive as the case may be, due to amortization expense and acquisition-related net charges.
HSY

Hot Stocks

06:02 EDT Hershey announces minority investments in FULFIL Holdings, Blue Stripes - The Hershey Company is announcing minority investments in emerging snacking businesses FULFIL Holdings Limited and Blue Stripes LLC. FULFIL is a one of the leading makers of great tasting, vitamin fortified, high protein nutrition bars in the UK and Ireland. The partnership will create opportunities in new occasions among new consumer segments and markets. Founded by Oded Brenner, Blue Stripes Cacao Shop enables further go-to-market opportunities by offering experiential retail that combines the goodness of cocoa with a unique customer experience.
ONE

Hot Stocks

05:36 EDT OneSmart announces CEO share purchase plan - OneSmart announced that Xi Zhang, chairman and CEO of OneSmart, has informed the company of his intention to use personal funds to purchase the company's American depositary shares on the open market for an aggregate amount of $10M-$20M within the next 12 months, in accordance with applicable U.S. securities law and rules promulgated thereunder.