Stockwinners Market Radar for August 22, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

21:03 EDT Arbitration panel rules in favor of Eli Lilly in Adocia IP claim - A Chicago-based arbitration panel has ruled in favor of Eli Lilly in a claim filed by Adocia S.A. over the companies' prior collaboration on a rapid-acting insulin. The panel of three arbitrators ruled that Lilly acted appropriately regarding Adocia's intellectual property, and while they denied Lilly's smaller counterclaim, ruled that Lilly is not liable for damages. Lilly and Adocia signed a collaboration agreement in December 2014. Lilly terminated the agreement and discontinued future development, manufacturing, and commercialization related to the program in January 2017.

18:53 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Salesforce (CRM) up 10.0%... Intuit (INTU) up 5.2%. ALSO HIGHER: Pivotal Software (PVTL) up 6.3% after being acquired by VMWare... Carbon Black (CBLK) up 6.2% after being acquired by VMWare. DOWN AFTER EARNINGS: HP Inc (HPQ) down 6.4%... Raven Industries (RAVN) down 3.1%... VMWare (VMW) down 2.3% after Q2 earnings and acquisitions of Carbon Black and Pivotal Software... Ross Stores (ROST) down 2.2%... The Gap (GPS) down 0.1%. ALSO LOWER: Hasbro (HAS) down 4.0% after buying Entertainment One for $4B. Movers as of 18:45ET.

18:25 EDT Google disabled 210 YouTube channels related to ongoing Hong Kong protests - Google (GOOG) said in a blog post that earlier this week it disabled 210 channels on YouTube when it discovered channels in this network behaved in a coordinated manner while uploading videos related to the ongoing protests in Hong Kong. This discovery was consistent with recent observations and actions related to China announced by Facebook (FB) and Twitter (TWTR), the company said. "We found use of VPNs and other methods to disguise the origin of these accounts and other activity commonly associated with coordinated influence operations," Google said. "Separately, we are continuing our work to protect users against online security threats. This week, Google announced that we have taken action to protect users in Kazakhstan after credible reports that its citizens were required to download and install a government-issued certificate on all devices and in every browser. This certificate enabled the government to decrypt and read anything a user types or posts, including intercepting their account information and passwords." Reference Link

18:10 EDT Revolution Lighting discloses additional delisting determination from Nasdaq - Revolution Lighting Technologies announced that on August 16, 2019, the company received an additional delisting determination letter from the Nasdaq Stock Market, informing the company that since it is late in filing its Quarterly Report on Form 10-Q, the Nasdaq Hearing Panel will consider the deficiency as an additional basis for delisting the company's common stock from Nasdaq.

18:02 EDT San Fang Chemical switches to Rimini Street support for Oracle EBS - Rimini Street (RMNI) announced that San Fang Chemical has switched to Rimini Street support for its Oracle (ORCL) E-Business Suite application and Oracle Database software. In addition to immediately saving 50% of its annual maintenance costs that they were previously paying the vendor, the company can now maintain its core, robust Oracle system for a minimum of 15 years from the time that they switched to Rimini Street support with no forced upgrades.

17:57 EDT AAC Holdings discloses NYSE listing notice - AAC Holdings announced that the company received a written notice from the NYSE indicating that the company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria outlined in Section 802.01Eas a result of the delay in the filing of its Quarterly Report on Form 10-Q for the period ended June 30, 2019. The company is diligently working to finalize its Q2 and expects to do so shortly, although no assurances as to timing may be made.

17:26 EDT SPDR Gold Shares holdings rise to 854.84MT to 851.91MT - This is the third consecutive increase in holdings and the highest level since May of 2018.

17:07 EDT HP Inc. says CEO Dion Weisler will step down to deal with family health matter - Says Enrique Lores, the head of the company's imaging, printing and solutions business will succeed Weisler as CEO. Comments taken from Q3 earnings conference call.

17:04 EDT HP Inc. falls over 5% amid slowdown in printer sales - Shares of HP Inc. are down 98c per share or 5.18% to $17.95 in after-hours trading.

16:56 EDT Sysco director Koerber sells 10K shares of common stock - In a regulatory filing, Sysco disclosed that its director Hans-Joachim Koerber sold 10K shares of common stock on August 20th. The total transaction size was $733.5K.

16:51 EDT Zendesk CEO sells 100K shares of common stock - In a regulatory filing, Zendesk disclosed that its CEO Mikkel Svane sold 100K shares of common stock on August 20th. The total transaction size was $7.7M.

16:45 EDT Amyris receives deficiency notification from Nasdaq - Amyris reported that it has received a standard notice from Nasdaq stating that, as a result of not having timely filed its quarterly report on Form 10-Q for the quarter ended June 30, 2019, and because it remains delinquent in filing its annual report on Form 10-K for the year ended December 31, 2018 and its quarterly report on Form 10-Q for the quarter ended March 31, 2019, it is not in compliance with Nasdaq Listing Rule 5250c1, which requires timely filing of periodic financial reports with the Securities and Exchange Commission.

16:43 EDT Hasbro to acquire Entertainment One in all-cash deal valued at about $4B - Hasbro and Entertainment One announced that they have entered into a definitive agreement under which Hasbro will acquire eOne in an all-cash transaction valued at approximately $4B. Under the terms of the agreement, eOne shareholders will receive GBP 5.60 in cash for each common share of eOne, which represents a 31% premium to eOne's 30-day volume weighted average price as of August 22. Hasbro expects to finance the transaction with the proceeds of debt financing and approximately $1B-$1.25B in cash from equity financing. Hasbro has entered into a debt commitment letter with Bank of America Merrill Lynch to provide a 364-day senior unsecured bridge loan facility to secure funding of the purchase price. Hasbro is committed to maintaining an investment grade rating. Hasbro's long-term leverage target remains unchanged at 2.00 to 2.50X gross Debt to EBITDA and expects to return to this range in three to four years. Hasbro expects to maintain its quarterly dividend and suspend its current share repurchase program while it prioritizes achieving its leverage target. The transaction, which is structured as a statutory plan of arrangement under the Canada Business Corporations Act, has been approved by the boards of directors of each of Hasbro and eOne, and is subject to receipt of certain regulatory approvals, the approval by eOne shareholders and the Ontario Superior Court of Justice and other customary closing conditions. eOne is subject to customary non-solicitation provisions under the definitive agreement and a termination fee payable to Hasbro in certain circumstances. The transaction is expected to close during the fourth quarter.

16:32 EDT Hasbro sees eOne deal accretive to adjusted EPS in first year - Hasbro expects to realize in-sourcing and other global annual run rate synergies of approximately $130M by 2022, driven by integration benefits, substantial savings from moving a significant portion of eOne's toy business in-house and enhancing the profitability of eOne's licensing and merchandising activities. The addition of eOne to Hasbro is expected to be accretive to adjusted EPS in the first year following the transaction, adjusted to exclude one-time transaction costs and purchased intangible amortization, with mid- to high-teens accretion to adjusted EPS in the third full year following the closing of the transaction as synergies are achieved. Meaningful potential for additional revenue growth and expanded franchise economics with brand-driven animation and live action TV and film entertainment.

16:27 EDT Hasbro to acquire Entertainment One in all-cash deal valued at about $4B

16:24 EDT VMware to acquire Pivotal Software in $2.7B transaction - VMware (VMW) and Pivotal Software (PVTL) announced that the companies have entered into a definitive agreement under which VMware will acquire Pivotal for a blended price per share of $11.71, comprised of $15 per share in cash to Class A stockholders, and the exchange of shares of VMware's Class B common stock for shares of Pivotal Class B common stock held by Dell Technologies (DELL), at an exchange ratio of 0.0550 shares of VMware Class B stock for each share of Pivotal Class B stock. In total, the merger consideration represents an enterprise value for Pivotal of $2.7B. The Board of Directors of each of VMware and Pivotal have approved this transaction, following the recommendations of special committees composed of independent directors of each company. Following the close of the transaction, VMware will be positioned to deliver the most comprehensive enterprise-grade Kubernetes-based portfolio for modern applications. Under the terms of the transaction, Pivotal's Class A common stockholders will receive $15.00 per share cash for each share held, and Pivotal's Class B common stockholder, Dell Technologies, will receive approximately 7.2 million shares of VMware Class B common stock, at an exchange ratio of 0.0550 shares of VMware Class B common stock for each share of Pivotal Class B common stock. This transaction, in aggregate, results in an expected net cash payout for VMware of $0.8 billion. The impact of equity issued to Dell Technologies would increase its ownership stake in VMware by approximately 0.34 percentage points to 81.09% based on the shares currently outstanding. VMware currently holds 15 percent of fully-diluted outstanding shares of Pivotal. The transaction is expected to be funded through cash on the balance sheet, accessing short-term borrowing capacity, and approximately 7.2 million shares of VMware Class B common stock to Dell. Closing of the transaction is subject to customary closing conditions including the approval of the merger agreement by the holders of at least a majority of the outstanding shares of Pivotal common stock not owned by VMware or Dell Technologies or their affiliates and is expected in the second half of VMware's fiscal year 2020, which ends January 31, 2020.

16:21 EDT VMware acquires Pivotal Software for $2.7B - VMware (VMW) and Pivotal Software (PVTL) have entered into a definitive agreement under which VMware will acquire Pivotal for a blended price per share of $11.71, comprised of $15 per share in cash to Pivotal Class A stockholders, and VMware's Class B shares exchanged for Pivotal Class B shares held by Dell Technologies at an exchange ratio of 0.0550 shares of VMware Class B common Stock for each share of Pivotal Class B common stock. The transaction has an enterprise value of $2.7B.

16:19 EDT Sun Communities to acquire housing portfolio for $343.6M - Sun Communities announced that it has entered into an agreement to acquire a 31-community manufactured housing portfolio for $343.6M through a merger of Jensen's into a subsidiary of the company. The purchase price will be paid through a combination of issuing common stock to Jensen's shareholders and a cash payment. The company is acquiring 31 manufactured housing communities comprising 5,230 developed sites and over 460 additional expansion sites available for development. The communities are located in 8 states with 35% of the sites in Connecticut. The 77% age restricted portfolio is approximately 92.5% occupied as of June 30. The total purchase price is $343.6M, which includes an allocation of approximately $8.0M for expansion land and adjacent parcels ready for development. The purchase price will be adjusted at closing for pro rations and certain other adjustments, including a reduction of approximately $60.0M for debt that will be owed by Jensen's as of the closing.

16:18 EDT VMware reports Q2 license revenue up 12% at $1.01B

16:14 EDT Owens Corning exec chairman Thaman sells 30,000 common shares - In a regulatory filing, Owens Corning executive chairman Michael H. Thaman disclosed the sale of 30,000 common shares of the company at a price of $57.08 per share.

16:13 EDT Salesforce up 6% after Q2 results beat estimates, FY20 guidance raised

16:11 EDT Salesforce says remaining performance obligation ended Q2 at ~$25.3B, up 20% - Remaining performance obligation ended the second quarter at approximately $25.3B, an increase of 20% year-over-year. This includes approximately $350M related to the business combination with Salesforce.org. Current remaining performance obligation ended the second quarter at approximately $12.1B, an increase of 23% year-over-year, 25% in constant currency.

16:09 EDT Hanmi Financial receives noncompliance letter from Nasdaq - Hanmi Financial announced that it received a notification letter from the listing qualifications department of Nasdaq stating that, as a result of not having timely filed its quarterly report on form 10-Q for the period ended June 30, Hanmi no longer complies with Nasdaq Listing Rule 5250, which requires timely filing of periodic financial reports with the SEC. Under Nasdaq's listing rules, the company has 60 calendar days from the date of the notice, or October 15, to file its form 10-Q or submit a plan to Nasdaq to regain compliance. If the plan is accepted by Nasdaq, Hanmi can be granted up to 180 calendar days from the Form 10-Q's due date to regain compliance. The company expects to file its form 10-Q within the 60 calendar day period. If Hanmi is unable to file its form 10-Q prior to October 15, Hanmi intends to submit a compliance plan on or prior to that date.

16:08 EDT HP Inc. says Enrique Lores to succeed Dion Weisler as CEO - HP Inc. announced that its board has unanimously appointed Enrique Lores, currently president of HP's Imaging, Printing and Solutions business, to succeed Dion Weisler as the company's president and CEO, effective November 1. Weisler's decision to step down at this time is due to a family health matter and he will be returning home to Australia. He will work with Lores to ensure a seamless transition and will remain at the company through January 2020. Following this, Weisler will continue to serve on HP's board until the next annual meeting of stockholders. Weisler joined HP in 2012 and has served as president and CEO since 2015.

16:07 EDT Bsquare Corp appoints Chris Wheaton as new CFO effective September 9 - Bsquare appointed Chris Wheaton as CFO, effective September 9. Wheaton previously co-founded and served as CFO and COO of EnerG2, a manufacturer of advanced materials for energy storage applications. EnerG2 was acquired in 2015 by BASF. Chris has also held the CFO position at Pacific Science Center and served as interim CFO in companies around the Puget Sound.

16:05 EDT Intuit CEO says positioned for 'durable growth in the future' - CEO Sasan Goodarzi states: "Our business continued its strong momentum in the fourth quarter, resulting in full year revenue growth of 13%, exceeding our original guidance of 8 to 10 percent growth. These results were fueled by 15 percent growth in the Small Business and Self-Employed Group, and 11 percent growth in the Consumer Group. By focusing on delivering more value to our customers - and addressing their biggest pain points - we've achieved strong Online Ecosystem revenue growth and posted a second consecutive year of double-digit revenue growth in our Consumer business. This reflects significant improvements to the customer experience across both the DIY and assisted tax preparation categories. Our strategy to become an A.I.-driven expert platform has already delivered strong results and we think we're well-positioned for durable growth in the future."

16:02 EDT BioXcel Therapeutics treatment of acute myelogenous leukemia gets orphan status - BioXcel Therapeutics' treatment of acute myelogenous leukemia was granted orphan designation by the FDA, according to a post to the agency's website. Reference Link

15:11 EDT International Speedway announces resignation of COO Joie Chitwood - International Speedway announced Joie Chitwood III has resigned his position as Executive VP and COO of ISC, effective November 30.

13:56 EDT Boston Therapeutics BTI320 Phase 2 study achieves full enrollment - Boston Therapeutics announced full enrollment of the BTI320 Phase 2 double-blind, placebo-controlled, multicenter trial. With the recent inclusion of Miami Dade Medical Research Institute in June and IOWA Diabetes in Feb, recruitment of patients reached full enrollment on August 1. The study will be used to confirm the efficacy parameters as well as to contribute to safety of the investigational material. The attenuation of post-prandial immediate rise in blood glucose in T2DM patients currently on metformin and/or sulfonylureas, a key determinant in blood sugar management in everyone both diabetic and non-diabetic, as measured by the Continuous Glucose Monitor Abbott Freestyle Libre Pro, the patented, investigational compound demonstrated in previous studies the effect on postprandial glucose reduction.

13:06 EDT Amgen granted orphan designation for multiple myeloma treatment - Amgen was granted orphan designation by the FDA for its treatment of multiple myeloma, according to a post to the agency's website. Reference Link

13:02 EDT Illumina granted orphan designation neuroblastoma management diagnostic - Illumina Radiopharmaceuticals was granted orphan designation by the FDA for its diagnostic for the management of neuroblastoma, according to a post to the agency's website. Reference Link

12:33 EDT Byrne says Overstock's blockchain keiretsu will revolutionize the world - In a letter to shareholders, Overstock.com's outgoing CEO Byrne said, among other things, " think the blockchain revolution will reshape key social institutions. We have designed and breathed life into perhaps the most significant blockchain keiretsu in the world, a network of blockchain firms seeking to revolutionize identity, land governance, central banking, capital markets, supply chains, and voting. In three of those fields the word 'trillions' comes up when calculating the disruptive opportunity of blockchain. In those three fields, our blockchain progeny are arguably the leading blockchain disruptors in existence." Bryne also commented on competition, saying, "We face a competitor who (by the end of this year) will have lost close to $3B, and who announced recently it will seek to raise another $750M, and who will be able to cover its expenses when the two lines in the graph intersect. After my ill-fated experiment last year in copying our competition's strategy, our retail business has recovered to a state of positive adjusted EBITDA."

12:30 EDT Overstock com trading resumes

12:14 EDT Overstock.com to resume trading at 12:30 pm ET - Overstock.com will resume trading at 12:30 pm ET, with quotation scheduled to resume at 12:25 pm ET, according to Nasdaq.

12:08 EDT BML Investment Partners reports 6.3% passive stake in Support.com - In a regulatory filing, BML Investment Partners discosed a 6.3% stake in Support.com, which represents nearly 1.2M shares. The filing does not allow for activism.

12:05 EDT PayPal drops after rival firm says ready to handle most of EBay volumes - Digital payments platform PayPal (PYPL) is trading lower on Thursday after rival Dutch firm Adyen's (ADYYF) CFO Ingo Uytdehaage, said on a conference call earlier, according to Bloomberg, that that that the company is on track to handle most of EBay's (EBAY) volumes. According to the Bloomberg report EBay is currently using Adyen on a pilot basis, however, Uytdehaage couldn't provide more detail when that transition will take place. Shares of PayPal are falling 1.60% or $1.76 to $108.06 in midday trading.

12:01 EDT Overstock.com CEO says 'already far too controversial to serve as CEO'

12:00 EDT Vedanta falls -7.1% - Vedanta is down -7.1%, or -55c to $7.19.

12:00 EDT Hoegh LNG Partners falls -10.4% - Hoegh LNG Partners is down -10.4%, or -$1.75 to $15.00.

12:00 EDT Pure Storage rises 15.6% - Pure Storage is up 15.6%, or $2.16 to $16.03.

11:55 EDT Overstock com trading halted, news pending

11:34 EDT FTI Consulting director Vernon Ellis sells almost $428K in company shares - FTI Consulting director Vernon Ellis disclosed in a filing that he had sold 4,000 shares of company stock at an average price of $ $106.88 per share on August 21. The total transaction value of the sale was $427,520.

11:01 EDT United Bancorp increases quarterly dividend to 13.75c per share - On August 21, the Board of Directors of United Bancorp declared a third quarter dividend payment of 13.75c per share for shareholders of record on September 10, 2019 with a payment date of September 20, 2019. This payment is greater than the cash dividend paid in the second quarter, which was 13.5c, and is the third quarterly increase in 2019. At this present cash dividend payout level, the forward yield is 4.78% based on the most recent quarter-ending market price.

10:47 EDT FOX News signs Sarah Huckabee Sanders to contributor role - FOX News has signed former White House Press Secretary Sarah Huckabee Sanders as a contributor, the network announced. Sanders will provide political commentary and analysis across all of FOX News Media, including FOX News Channel, FOX Business Network, FOX News Digital, FOX Nation and the radio/podcast division. She will make her debut on FOX & Friends during its next live audience show on September 6.

10:08 EDT Dick's Sporting says continuing to review gun sales, Field & Stream

10:05 EDT Dick's Sporting sees delivering positive comps throughout 2H - Comments taken from Q2 earnings conference call.

09:47 EDT L Brands falls -7.3% - L Brands is down -7.3%, or -$1.47 to $18.56.

09:47 EDT Fly Leasing rises 9.2% - Fly Leasing is up 9.2%, or $1.68 to $19.95.

09:47 EDT GameStop rises 11.9% - GameStop is up 11.9%, or 42c to $3.96.

09:20 EDT Upland Software acquires Cimpl for $23.1M in cash - Upland Software has acquired Cimpl, a cloud-based telecom expense management platform. The addition of Cimpl to Upland's project & financial management solution suite creates the market's first IT financial management cloud, or ITFM Cloud, with enterprise-class IT financial management and full lifecycle telecom expense management, enabling enterprises to measure, manage and align IT and telecom assets and spending at scale. The acquisition adds approximately $8M in annualized revenues and will be immediately accretive to Upland's adjusted EBITDA per share. Enterprise IT spending was over $3T last year, with telecom spending representing 18% of the total. With Cimpl, Upland can address objectives by offering a ITFM Cloud that combines IT financial management with enterprise-class telecom expense management. The purchase price paid for Cimpl was $23.1M in cash at closing, and a $2.6M cash holdback payable in 12 months. Upland expects the acquisition to generate annual revenue of approximately $8M, of which $7.4M is recurring, subject to reductions for a deferred revenue discount as a result of GAAP purchase accounting, estimated as $400,000 for the remainder of the year. The acquisition is 5-8x pro forma adjusted EBITDA and will generate at least $3.6M in adjusted EBITDA annually once fully integrated. The acquisition will be immediately accretive to Upland's adjusted EBITDA per share.

09:17 EDT Pressure BioSciences announces two purchase orders for BaroShear K45 system - Pressure BioSciences announced it has received two additional purchase orders for its revolutionary BaroShear K45 processing system. This novel processing system is based on the Company's proprietary Ultra Shear Technology platform. The BaroShear K45 is a unique and powerful nanoemulsification system designed to resolve one of the most critical problems facing the CBD industry today: the extremely poor solubility of CBD Oil in water. PBI announced its initial production commitment for 12 BaroShear K45 systems, and the sale of its first system in late July. The two new purchase orders announced were received from NanoPeak Solutions, Inc., a private company located in Vancouver, BC, and from a private company located in Las Vegas, NV.

09:16 EDT Bombardier wins contract to supply, maintain 30 FLEXITY trams in Dresden - Bombardier Transportation and Dresden's transport authority Dresdner Verkehrsbetriebe have signed a contract to supply and maintain 30 BOMBARDIER FLEXITY trams, equipped with the Obstacle Detection and Assistance System for preventing collisions. The contract also includes the FlexCare maintenance management system for a 24-year period. The value of the order is EUR197M or, $219M. In addition, an option for ten additional FLEXITY trams and eight more years of servicing and maintenance are included in the contract. The new fleet will be delivered by the end of October 2023.

09:13 EDT Plumas Bancorp appoints Heidi Gansert to board of directors - On August 21, 2019, the directors of Plumas Bancorp appointed Heidi Gansert to the Plumas Bancorp and Plumas Bank Board of Directors. She has over 30 years of management experience and currently serves as the Executive Director of External Relations at the University of Nevada, Reno.

09:10 EDT Apex Global Brands expands Tony Hawk brand through licensing agreements - APEX Global Brands announced the expansion of the Tony Hawk brand through the addition of several new licensing agreements. These licensing opportunities range in categories from little and big boys' clothing to young men's and men's clothing and accessories, and bring a focused approach towards the continued development of the street-skate fashion lifestyle globally. Star Ride Kids is the newest partnership. Through a partnership with Tony Hawk, Star Ride Kids will maximize the brand's growth in the little and big boys' apparel segments throughout North America. In addition to Star Ride Kids, the Tony Hawk Signature Line recently launched its upper-tier apparel and accessories program in Europe, the Middle East and Africa through a licensing agreement with the Batra Group. Later this month, the Batra Group will also launch the upper-tier Tony Hawk Signature Line in North America. Further domestic expansion of the Tony Hawk brand is supported by M. Hidary for young men's and men's apparel, Crest Brands for socks and SportLife Brands for undergarments.

09:08 EDT Dick's Sporting sells Affinity Sports, Blue Sombrero to Stack Sports - Stack Sports announced the acquisition of Affinity Sports and Blue Sombrero from Dick's Sporting Goods. In connection with the transaction, the companies have entered into a long-term strategic partnership for retail promotion, live event scoring and team management technologies. Combining Stack Sports with Affinity Sports and Blue Sombrero under one organization strengthens Stack Sports' position in the sports software industry. Genstar Capital, Stack's majority shareholder, supported this transaction with a new investment to fuel the growth and innovation of the combined businesses. The acquisition will also allow Stack Sports to focus on technology solutions for youth sports leagues and their affiliates, while Dick's Sporting Goods can focus its efforts on continuing to serve youth athletes with equipment and apparel. As part of the transaction, Dicks Sporting Goods and Stack Sports have also entered into a strategic partnership agreement. Dick's Sporting Goods is now the official sporting goods retail partner of Stack Sports and Stack Sports is now the official club and league technology partner of Dicks Sporting Goods. The two organizations will also collaborate on mobile team management and live scorekeeping via the Dick's Team Manager and GameChanger technologies.

09:05 EDT LRAD Corporation announces $1M in new defense orders - LRAD Corporation announced it received $1M in defense orders for the U.S. Air Force and a NATO army. The LRAD 500X and LRAD 1950XL acoustic hailing devices that comprise the orders are scheduled for delivery in fiscal 2020 and will be deployed overseas.

09:04 EDT American Public Education appoints Angela Selden as CEO effective September 23 - American Public Education named Angela Selden as the company's next CEO effective September 23. Selden was also appointed to the Board of Directors of APEI effective September 23. Wallace Boston, currently President of APUS and CEO of APEI, will continue to serve as President of APUS until his expected retirement in June 2020. Selden is currently CEO and board member of DIGARC, an education technology provider to higher ed institutions. Previous roles include CEO of Workforce Insight, a global, strategic workforce consulting, analytics and services company serving Fortune 100 clients, CEO and Executive Co-Chairman of Arise Virtual Solutions, a virtual workforce solutions outsourcer, and interim CEO of Skybridge Americas, a global contact center and provider of fulfillment solutions.

09:03 EDT Amgen, Allergan announce 'positive' results from study of ABP 798 - Amgen (AMGN) and Allergan (AGN) announced positive top-line results from a comparative clinical study evaluating the efficacy and safety of ABP 798, a biosimilar candidate to Rituxan, compared to Rituxan in patients with CD20-positive B-cell non-Hodgkin's lymphoma. The primary endpoint, an assessment of overall response rate by week 28, was within the prespecified margin for ABP 798 compared to Rituxan, showing clinical equivalence. Safety and immunogenicity of ABP 798 were comparable to Rituxan. This is the second of two studies intended to support regulatory submissions for ABP 798. The first study was conducted in patients with moderate-to-severe rheumatoid arthritis and met the primary endpoint of pharmacokinetic similarity. This RA study demonstrated clinical equivalence within the prespecified efficacy margin, and a similar safety and immunogenicity profile. "Today's results with ABP 798 demonstrate another positive development from Amgen's robust pipeline of biosimilar medicines and we look forward to working with regulatory agencies to bring this treatment to patients," said David Reese, M.D., executive vice president of Research and Development at Amgen. "We continue to leverage our deep expertise and heritage in biologics across innovative and biosimilar medicines as part of our commitment to providing a range of treatment options for patients with the most serious diseases, including cancer."

08:59 EDT Neovasc receives Nasdaq notification on minimum market value deficiency - Neovasc has received written notification from Nasdaq that it is not in compliance with the minimum market value requirement for continued listing on the Nasdaq Capital Market that requires companies to maintain a minimum market value of $35M and provides that a failure to meet the market value requirement exists if the deficiency continues for a period of 30 consecutive business days. The notification does not impact the company's listing on Nasdaq at this time. The company has been provided 180 calendar days, or until February 17, 2020, to regain compliance with the listing rules. To regain compliance, the company's market value must exceed $35M for a minimum of 10 consecutive business days. In the event the company does not regain compliance by February 17, 2020, the company may be eligible for additional time to regain compliance or may face delisting. The company intends to cure the deficiency within the prescribed grace period. The company's business operations are not affected by the receipt of the notification. The notification does not affect the company's compliance status with its listing in the Toronto Stock Exchange.

08:55 EDT Asure Software appoints Charlie Lathrop to board of directors - Asure Software announced the appointment of Charlie Lathrop to the company's board of directors. Lathrop brings 14 years of leadership experience in the workforce management space, including a seven year stint as chairman, president and CEO of CompuPay.

08:47 EDT Protalix announces evaluation of strategic alternatives - Protalix BioTherapeutics announced that it has engaged a first-tier financial advisory firm to assist the Company in evaluating and pursuing strategic alternatives to maximize stakeholder value. Dror Bashan, Protalix's President and Chief Executive Officer commented, "We have three key initiatives as a management team which include improving our capital structure, pursuing strategic partnerships and alliances and actively moving our pipeline toward commercialization." The Company also reported that it is actively pursuing potential partnering discussions for its other pipeline candidates, OPRX-106, an orally-delivered anti-inflammatory treatment, and alidornase alfa, a modified form of recombinant DNase, as well as partnerships with other company's compounds combined with Protalix's ProCellEx platform.

08:42 EDT Cemtrex completes sale of EMS business ROB Cemtrex - Cemtrex announced that it has completed the sale of its EMS business, ROB Cemtrex. Pursuant to the terms of the transaction Cemtrex received a total consideration of EUR6,367,199 for the sale of the business. The business consists of approximately 250 employees with operations based in Germany and Romania.

08:37 EDT Toro Company narrows FY19 adj. EPS view to $2.92-$3.00 from $2.90-$3.00 - Consensus $2.91. Now expects FY19 revenue guidance to "exceed $3.1B" from previous view of about $3.2B, consensus $3.19B.

08:36 EDT Mechel reports launch of longwall at Southern Kuzbass - Mechel reports launching Longwall 0-17-18 at V.I. Lenina Underground Mine, which is part of Southern Kuzbass Coal Company. The new longwall's industrial coking coal reserves are estimated at 560,000 tonnes. The longwall is 190 meters long, with an average seam height of three meters, the extraction panel is approximately 730 meters. The longwall is equipped with a 130-section powered support system, a cutter-loader, a burr mill, a pitcar loader and a longwall conveyor. All equipment is up to modern safety standards. Investment in the project totaled approximately 400 million rubles.

08:35 EDT Net Element partners with VIP Systems for property management industry - Net Element announces that its subsidiary, Unified Payments, utilizing its Netevia payments acceptance ecosystem, is entering the property management industry and continues its focus on enabling the Internet of Things payments through its partnership with VIP Systems. Through its partnership with VIP Systems, Net Element aims to capitalize on this fast-growing industry by powering payments for IoT devices and on-demand services. The Lifestyle App, powered by VIP Systems, is designed to create a greater sense of community for residents and enhance their living experience.

08:33 EDT Monaker Group acquires inventory, travel assets from IDS for $5.5M - Monaker Group announced it has completed an asset purchase with IDS Technology to enhance its Monaker Booking Engine and nexttrip.biz platform, adding new capabilities and an additional 500,000 properties in North America. The terms of the agreement include the purchase by Monaker of key assets and technology - from IDS - along with software development and integration services for a total of $5.5M. The consideration payable to IDS is $634,000 in cash and 1,968,000 restricted shares of Monaker's common stock valued at $2.50 per share. The purchased assets and services include: API software development to provide for instant-booking access to more than 500,000 North American vacation rental properties. This access will more fully round out Monaker's existing vacation rental inventory which has been located primarily in Europe and Asia. Additional Alternative Lodging Rental products, commonly referred to as vacation rentals, will also be added, including wholesale access to exclusive high-value offerings. Exclusive ownership of IDS booking engine software technology for air, car, and hotel reservations, including proprietary API connections to travel providers and distributors. This will make MBE a more complete B2B solution for the simultaneous booking of air, car and hotel, rather than relying upon integration with existing client booking systems. It will enable MBE and nexttrip.biz to capture new revenue streams from the booking of air, car and hotel, as well as broaden Monaker's addressable market of B2B clients. Exclusive access to key supplier contracts, including those for air, car, and hotel rentals, which will be accessed via the booking engine technology acquired from IDS. The agreements are designed to acquire access to specialized, and in some cases unique, inventory for distribution through the company's booking engine and nexttrip.biz. A robust, cloud-based customer relationship management platform to manage travel customer relationships and allow a more complete service offering. Access to special merchant accounts that can support between $500,000 and $1 million per month in merchant processing capacity. Following the IDS technologies enhancement for nexttrip.biz, Monaker plans to commercially launch subscription-based, direct-to-consumer access to the site. For $19 per month or $150 per year, travelers worldwide will be able to gain access to wholesale-level pricing for all their travel needs, and create air, car, lodging - including vacation rentals -and tour packages, for additional savings.

08:19 EDT Tuesday Morning expects FY20 SSS to increase in the 'low single digits' - The company said, "The Company currently expects comparable store sales for fiscal 2020 to increase in the low single digits. The Company also expects to achieve improvement in gross margin driven by improved initial merchandise mark-up and lower supply chain expenses. Selling, general and administrative expenses are expected to be relatively flat on a rate basis. For fiscal year 2020, the Company expects meaningful EBITDA improvement. The Company also announced its plan to retrofit its existing, owned Dallas-based distribution center. The Company expects the project will take approximately two years, with full completion expected in the summer of 2021. The current projected capital investment for this project over the next two years is expected to be approximately $28 million to $30 million. The Company also currently expects the efficiencies gained with the retrofit along with other supply chain initiatives it is working on should result in approximately 150 basis points of gross margin expansion with potentially additional opportunity over time. The Company currently plans to open approximately three new stores, relocate five stores, and close 15 to 25 stores in fiscal 2020. Capital expenditures for fiscal 2020 are expected to be in the range of approximately $25 million to $27 million. The increased level of capital spend from prior year reflects the investment in the Company's strategic initiative to retrofit its Dallas distribution center, as well as an increase in investments in information technology, partially offset by fewer relocations and new stores. The Company expects to fund its capital investments primarily through a combination of cash from operations and a potential sale of certain non-core real estate distribution assets, and if necessary, borrowings on its credit facility."

08:15 EDT Orion Engineered CFO purchased 5,000 shares of the company - Orion Engineered announced that Charles Herlinger, CFO of the company, has purchased a total of 5,000 common shares of the company. The shares were acquired at an average price of $12.42 per share.

08:14 EDT Kirkland Lake Gold acquires shares of Bonterra Resources for C$5M - Kirkland Lake Gold announced that it has acquired 2,000,000 units of Bonterra Resources by way of a private placement financing and by share purchase at a price of $2.50 per Unit for a total cash payment of C$5M. Each Unit is comprised of one common share of the Issuer and one-half of one Share purchase warrant, with each full Warrant entitling the Company to acquire one Share at a price of $3.10 until August 20, 2021. Prior to the Investment, Kirkland Lake Gold held 6,510,629 Shares, representing approximately 10.17% of the issued and outstanding Shares on a non-diluted basis. As of the date hereof, after giving effect to Investment, the Company beneficially owns 8,510,629 Shares and 1,000,000 Warrants, representing approximately 11.32% of the currently issued and outstanding Shares on a non-diluted basis and approximately 12.48% of the issued and outstanding Shares on a partially diluted basis, assuming the exercise of the Warrants held by the Company. The Units were acquired for investment purposes. Kirkland Lake Gold has a long-term view of the Investment and may acquire additional securities either on the open market or through private investments or sell the securities either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

08:10 EDT Immutep granted patent for eftilagimod alpha in cancer - Immutep Limited announced the grant of a new patent entitled "LAG-3 dosage regime for use in the treatment of cancer" by the European Patent Office. This European patent was filed as a divisional application, and follows the grant of the European parent patent and two other European divisional patents from the same family, as previously announced to the market. This new patent provides further intellectual property protection for Immutep's method of treating cancer by the administration of a plurality of doses of a recombinant LAG-3 protein, or a derivative thereof, which is used to generate a monocyte mediated immune response. Importantly, the granted patent claims support the application of eftilagimod alpha, which is a derivative of LAG-3, in Immutep's ongoing clinical trials, including AIPAC, TACTI-mel, TACTI-002 and INSIGHT-004. The patent will expire on 3 October 2028.

08:07 EDT Cornerstone OnDemand announces $150M share repurchase program - Cornerstone OnDemand announced that its board has approved a new share repurchase program under which the company is authorized to repurchase up to $150M of its common stock.

08:06 EDT President of Changan Ford joint venture in China Nigel Harris to retire - Ford announced that Steven Armstrong, who is currently chairman, Ford of Europe, has been named president of the Changan Ford joint venture in China. Armstrong succeeds Nigel Harris, who has elected to retire from Ford at the end of the year after 34 years of service with the company. The new role for Armstrong will be effective October 1. He will report to Ford China President and CEO Anning Chen. Armstrong brings to the new position more than 30 years of automotive and Ford experience from a variety of general management and purchasing leadership positions around the world. He has served as president and chairman of Ford of Europe, Middle East and Africa; president of Ford South America; COO of Getrag-Ford Transmissions and in senior leadership positions at both Jaguar Cars and Volvo Cars. Harris has held leadership roles in Ford business operations and marketing, sales and service over more than 30 years. Prior to his current role, he served as president of Ford India Private; VP of Asia Pacific sales, services and distribution and GM of Changan Ford Sales. Harris will work closely with Armstrong through the transition, then advise Changan Ford and support the evolution of the Ford China 2.0 plan until his retirement.

08:03 EDT Tabula Rasa HealthCare announces partnership with Bainbridge Health Partners - Tabula Rasa HealthCare announced a partnership between its precision dosing software subsidiary DoseMe and Bainbridge Health, a Children's Hospital of Philadelphia spin-off. Bainbridge Health provides clinical solutions based on more than a decade of research and development, including the Med O.S medication safety and stewardship platform that reduces the risk of medication errors and waste. The partnership will leverage Bainbridge Health's Med O.S platform to further enhance medication safety and reduce costs across DoseMe's partner hospitals.

07:59 EDT Aflac says 'rigorous, voluntary review' of postal channel sales began in July - In a regulatory filing, Aflac Incorporated stated that it intends to discuss the following matters with analysts and investors: Near the end of July and prior to the Aflac Incorporated earnings call on July 26, Aflac Life Insurance Japan Ltd. commenced a "rigorous, voluntary review" of postal channel sales. "There has been no change in the focus or intensity of the review since originally launched. The review is focused on policyholders who seek to turn in their old cancer policies in favor of new policies with enhanced benefits and features, specifically, if any policyholders were disadvantaged by the process," the company stated; The 104,000 policies recently referenced in certain media reports regarding Aflac Japan represent all lapsed and reissued policies in the Japan Post Co. Ltd. channel between May 2018 and May 2019. In addition to the 104,000 policies mentioned in media reports, there were an additional 2,600 lapsed and reissued policies sold by Japan Post Insurance Co. Ltd. during the same time period. "Lapse and reissue activity, which increased with the launch of a new and improved cancer policy in April 2018, is a compliant practice that provides the insured a choice to maintain coverage before the new policy takes effect. Thus, under lapse and reissue customers can choose to maintain two policies in force during the waiting period associated with the new policy. Aflac Japan administers lapse and reissue with the customer's best interest in mind to minimize inconvenience, avoid gaps in coverage, and ensure fair value for any premium paid," Aflac said; To enhance customer convenience, Aflac Japan introduced conditional surrender, another documented systems and administrative program, to ensure a smooth transition from old to new policies. "This process ensures no loss of coverage during transition, and only one policy remains in-force at any given time. When conditional surrender was introduced in 2014, only a small number of post offices were handling cancer insurance and were primarily engaged in offering coverage to new customers. Further, JPC and JPI salespersons that would be required to handle simultaneous policy cancellation and reissuance under the conditional surrender program are not currently allowed to directly handle the policy cancellation process. For these reasons, JPC and JPI did not immediately implement the conditional surrender program. Following the expansion to approximately 20,000 post offices and the product revision in April 2018, resulting in great demand for Aflac Japan's improved cancer product, JPC and JPI elected in early 2019 to adopt and install the conditional surrender program beginning late in 2019 once administratively ready to execute," the company said.; The sale of cancer policies continues in the Japan Post Group channel. "Based on daily proposal and new annualized premium trends to date in August, Aflac Japan management has observed a material decline in sales running at approximately 25% of normal daily volumes. Consistent with Aflac Incorporated's statement on the earnings call, while we believe sales will normalize in the future, there is a clear impact while JPI's investigation proceeds and they work to address the issues. Assuming a continuation of these trends to date for the rest of the year, we anticipate that sales in the Japan Post Group channel may decline by as much as 50% from a very strong 2018 given our refreshed cancer product. Based on this same assumption, we anticipate this would result in total third sector and first sector protection sales down in the mid-teens for the year. We continue to see normal retention and are not changing our protection-type first and third sector earned premium growth of 1% to 2% for the year," Aflac stated.

07:50 EDT ADMA Biologics announces commercial relaunch of BIVIGAM - ADMA Biologics announces the commercial relaunch and its first commercial sales of BIVIGA. As previously reported, BIVIGAM had a Biologics License Application manufacturing change Prior Approval Supplement approved by the United States Food and Drug Administration on May 9, 2019, enabling ADMA to resume marketing BIVIGAM to US- based prescribers and healthcare professionals. BIVIGAM is approved for the treatment of patients diagnosed with primary humoral immunodeficiency. This includes, but is not limited to, the humoral immune defect in common variable immunodeficieny, X-linked agammaglobulinemia, congenital agammaglobulinemia, Wiskott-Aldrich syndrome, and severe combined immunodeficiencies.

07:40 EDT Dick's Sporting up 10% after Q2 results beat estimates, FY19 profit view raised - In pre-market trading, shares are up 10% to $36.24.

07:35 EDT Dick's Sporting sees FY19 CapEx approximately $230M on gross basis - In 2019, the company anticipates capital expenditures to be approximately $230M on a gross basis and approximately $200M on a net basis. In 2018, capital expenditures were $198M on a gross basis and $170M on a net basis.

07:34 EDT Dick's Sporting says continuing strategic review of hunt business - The company is continuing the strategic review of its hunt business, including Field & Stream.

07:26 EDT Novo Nordisk says EC grants extension of indication for Fiasp - Novo Nordisk announced that the European Commission has granted an extension of the indication for Fiasp, approving it for the treatment of diabetes in adolescents and children aged one year and above. This complements the previous indication, which covered adults only.

07:23 EDT AstraZeneca says Roxadustat approved in China for new anemia indication - AstraZeneca (AZN) announced that its partner FibroGen Medical Technology Development Co. (FGEN) has received marketing authorization for roxadustat in China for the treatment of anemia caused by chronic kidney disease in non-dialysis-dependent patients. This marketing authorization follows the approval of roxadustat in China in December 2018 for anemia in CKD patients who are on dialysis. AstraZeneca and FibroGen China expect to launch roxadustat in China during the second half of 2019.

07:09 EDT Rocket Pharmaceuticals announces clearance to commence Phase 2 FANCOLEN-II trial - Rocket Pharmaceuticals announced clearance from the Spanish Agency for Medicines and Health Products to commence enrollment in the FANCOLEN-II Phase 2 registration-enabling study of RP-L102 for Fanconi Anemia, or FA, in Spain. The European Medicines Agency, or EMA, agreed to several key elements of the open-label Phase 2 trial, including endpoints that are designed to demonstrate reversion of the sensitivity of hematopoietic cells to DNA-damaging agents. The primary endpoint of the trial is the emergence of mitomycin-C, or MMC, resistance in bone marrow colony forming cells. A surrogate endpoint is a diepoxybutane, or DEB, chromosomal stability of peripheral blood T-lymphocytes. Sensitivity to DNA-damaging agents is a phenotypic hallmark of FA. Additional outcomes include stability or increase in blood counts with no significant worsening in anemia, neutropenia or thrombocytopenia and peripheral blood genetic correction, as demonstrated by vector copy number, or VCN, including progressive increases in peripheral blood VCN over the months subsequent to infusion. The open-label Phase 2 clinical trial will enroll up to five pediatric patients in Europe. The study will enroll younger patients who have not developed severe bone marrow failure. The patients will receive a single intravenous infusion of RP-L102 that utilizes "Process B" which incorporates enhanced stem cell enrichment, transduction enhancers and commercial-grade vector and manufacturing without the use of any conditioning treatment. The study is designed to assess the benefit/risk profile of RP-L102.

07:08 EDT KushCo Holdings secures $50M credit facility from Monroe Capital - KushCo Holdings announced that it has closed on a $50M credit facility with Monroe Capital LLC, consisting of a $35 million revolving line of credit and an accordion of up to $15M that will be available subject to covenant compliance and borrowing base availability. The facility will be for a term of five years and will be used for working capital and driving organic growth, as well as for potential acquisitions. "KushCo continues to execute on its less dilutive financing strategy that will provide the capital necessary to support our continued operations and acquisitive growth," commented Nick Kovacevich, KushCo's CEO.

07:06 EDT Social Reality changing name to SRAX August 26th - SRAX will formally change its name from Social Reality to SRAX. The change will become effective pre-market on August 26. The company's ticker symbol will remain SRAX.

07:04 EDT Fly Leasing CEO says 'FLY continues to achieve record results' - "FLY continues to achieve record results, producing its fifth straight quarter of double-digit ROE," said Colm Barrington, FLY's CEO. "Our renewed fleet contributed to a 13% increase in operating lease rental revenue compared to the same quarter last year. Economic gains of nearly $19 million from the sale of seven aircraft helped us to achieve record Adjusted Net Income of $61.9 million, or $1.92 per share, in the quarter, and Adjusted Net Income of $109.0 million, or $3.37 per share, for the first six months of the year. Looking ahead, we expect another strong result in the third quarter." "As a result of our deleveraging strategy following last year's major fleet acquisition, we have met our leverage target a year ahead of schedule," said Barrington. "We also have been repurchasing stock, buying back 1.47 million shares in the quarter. FLY will begin taking delivery of its $1 billion of contracted A320neo family aircraft later this year, and is well positioned to add aircraft as opportunities arise." "We sold seven aircraft in the quarter at a 10% premium to book value, and in the third quarter, we have contracted to sell 14 more aircraft, also at gains, again demonstrating the value embedded in FLY's fleet," added Barrington. "Our record results have also added significantly to shareholders' equity, which is now over $24 per share and 13% above the level at the end of 2018. We continue to see great value in FLY's shares, which are trading at a 26% discount to book value. At its August meeting, FLY's board of directors authorized a new $50 million share repurchase program."

07:03 EDT Fly Leasing board authorizes new $50M share repurchase program

06:52 EDT Clarivate Analytics announces buyout of tax receivable agreement - Clarivate Analytics (CCC) announced that it has entered into an agreement to pay $200M to terminate the Tax Receivable Agreement, or TRA, that was established on May 10 with the shareholders of the company prior to Clarivate's initial listing on the NYSE, including Onex and BPEA. As of June 30, Clarivate carried a TRA liability of $264.6M. Clarivate will retain the deferred tax assets related to the step-up in tax basis and net operating losses resulting from the original sale of the company by Thomson Reuters (TRI) in 2016, and as such, the company will continue to benefit from increased tax amortization and does not expect any increase in cash income taxes payable. Under the terms of the TRA, Clarivate would have made the first cash payment - based on 2019 performance - in 2021. The long term TRA liability recorded on the balance sheet of $264.6M will be satisfied when the payment under the Release Agreement is made. This transaction was reviewed and approved by a special committee of the board established for this purpose, not including directors affiliated with Onex and BPEA. The termination of the TRA is subject to completion of financing on or before December 31, which Clarivate contemplates funding with debt.

06:46 EDT Yum China to acquire controlling interest in Huang Ji Huang - Yum China announced that it has entered into a definitive agreement to acquire a controlling interest in the Huang Ji Huang group, a Chinese-style casual dining franchise business. Subject to the satisfaction of closing conditions and regulatory approvals, the transaction is expected to close in early 2020. Founded in 2004 and headquartered in Beijing, Huang Ji Huang has over 640 restaurants in China and internationally. The group operates primarily under a franchise model.

06:43 EDT Lexaria Bioscience announces launch of ChrgD+ hemp oil - Lexaria Bioscience announced the online commercial launch of ChrgD+, a water-soluble multi-spectrum hemp oil in a powdered format and empowered with DehydraTECH.

06:05 EDT KBR collaborates with NASA, AWS on 'DeepRacer' autonomous vehicle event - KBR (KBR) has collaborated with NASA and Amazon (AMZN) Web Services, or AWS, to stage the "DeepRacer" event where racers operated fully autonomous vehicles using an advanced machine learning technique called reinforcement learning. NASA and KBR interns and other employees faced off at NASA's Goddard Space Flight Center to see whose machine-learning models could propel an AWS DeepRacer vehicle around a track the fastest. Their models rewarded vehicles for speed and accuracy for staying on the course, allowing each vehicle to autonomously make short-term decisions to achieve long-term goals. At one-eighteenth the size of a normal car, the AWS DeepRacer allows reinforcement learning models built in virtual environments to be tested in the real world, which presents an accessible opportunity for exploring artificial intelligence, or AI, and machine learning. KBR worked with AWS and NASA to organize this event, as well as a pre-race, four-hour workshop with an AWS DeepRacer expert to help interns build, test and fine-tune their reinforcement learning models.

06:03 EDT Hornbeck Offshore receives continued listing standard notice from NYSE - Hornbeck Offshore announced today that it has received written notice from the New York Stock Exchange that the company is not in compliance with the NYSE continued listing standard set forth in Rule 802.01C of the NYSE Listed Company Manual, which requires the average closing price of the company's common stock to be at least $1.00 per share over a period of 30 consecutive trading days. In accordance with applicable NYSE procedures, the company plans to timely notify the NYSE that it intends to cure the $1.00 per share deficiency. The company has six months following the receipt of the noncompliance notice to cure the deficiency and regain compliance with the NYSE minimum share price continued listing requirement. During this period, the company's common stock is permitted to continue trading on the NYSE under the symbol "HOS," but will have an appended ticker (suffix) of ".BC" to indicate the status of the common stock as "below compliance." The notice does not affect the company's business operations or its SEC reporting requirements, and does not conflict with or cause an event of default under any of the company's material debt agreements. The company intends to actively monitor the closing share price of its common stock and will explore all available options, including, if necessary, a reverse stock split of the company's common shares, subject to stockholder approval, to regain compliance with NYSE Rule 802.01C.

06:01 EDT Retrophin says Phase 3 FORT Study did not meet primary or secondary endpoints - Retrophin announced that the Phase 3 FORT Study evaluating the safety and efficacy of fosmetpantotenate compared to placebo in patients with pantothenate kinase-associated neurodegeneration did not meet its primary endpoint and did not demonstrate a difference between treatment groups. The study also did not meet its secondary endpoint. Fosmetpantotenate was observed to be generally safe and well-tolerated in the study. "We are very disappointed in the topline results from the FORT Study, particularly because we have seen the devastating impact of PKAN on patients and their families, and a significant unmet need remains with no approved treatment option. We would like to thank the patients, their caregivers, study investigators and our employees, whose dedication made this study possible," said Eric Dube, Ph.D., CEO of Retrophin. "We will work closely with the investigators to further analyze the results of the study and share them with the PKAN community to contribute to the growing knowledge of this rare disorder." Data from the FORT Study will be further analyzed and are expected to be presented at an upcoming scientific congress, and the company will be working with study investigators to determine the appropriate next steps for the FORT Study, including the ongoing open-label extension of the study.

05:18 EDT Nokia appoints Gabriela Styf Sjoman as Chief Strategy Officer - Nokia announced the appointment of Gabriela Styf Sjoman as Chief Strategy Officer and member of the Group Leadership team, effective December 1. Gabriela succeeds Kathrin Buvac as Chief Strategy Officer, who continues in the role of President of Nokia Enterprise and member of the Group Leadership Team. Gabriela joins Nokia from Telia Company in Sweden.

05:14 EDT TechnipFMC awarded 'significant' iEPCI contract by Shell for PowerNap project - TechnipFMC (FTI) has been awarded a "significant" integrated Engineering, Procurement, Construction and Installation, or iEPCI, contract by Shell (RDS.A, RDS.B) for the PowerNap project, located in the Gulf of Mexico. TechnipFMC will design, manufacture and install subsea hardware, including subsea tree systems, subsea distribution controls, topside controls, flying leads and connectors for three wells, in addition to the supply of 20 miles of production umbilical and flowlines. For TechnipFMC, a "significant" contract is between $75M and $250M.