Stockwinners Market Radar for October 15, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
RIO | Hot Stocks20:17 EDT Rio Tinto reports Q3 Pilbara iron ore output 87.3M tons, up 6% from last year - Reports Q3 Pilbara iron ore shipments 87.3M tons, up 6%. Reports Q3 mined copper 157.8KT, down 1%. CEO J.S. Jacques says: "We have delivered improved production across the majority of our products in the third quarter, with a solid result at our Pilbara mines driving increased sales of iron ore into robust markets. Our strong value over volume approach, coupled with our focus on operational performance and disciplined allocation of capital, will continue to deliver superior returns to shareholders over the short, medium and long term."
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INGR | Hot Stocks19:01 EDT Ingredion discloses malware affecting certain data centers - Ingredion issued the following statement: "Over the past weekend, Ingredion detected suspicious activity affecting several servers within certain data centers. As part of our comprehensive response plan, we immediately took steps to identify and contain the situation. At this time, we are not aware of evidence that any customer, supplier or employee data has been improperly accessed, misused or transferred by any third party. We are working to get the affected servers back online and have engaged a third-party consultant to assist. Restoration of some of our systems will take time, and in the interim, certain transactions with customers or suppliers may be delayed."
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PBR | Hot Stocks18:59 EDT Petrobras signs charter contracts for two FPSO platforms - Petrobras announced that it has signed letters of intent with the Japanese company Modec and the Malaysian company Yinson, for the chartering of two FPSO platforms. The units will be used in the production development project of the Marlim and Voador fields revitalization - modules 1 and 2, located in the Campos Basin. The platforms will be installed around 150 km off the brazilian coast, in water depths of approximately 670 meters and 930 meters. The two projects will have capacity to process up to 80,000 bpd and 70,000 bpd of oil and 7 million m/day and 4 million m/day of natural gas. The production start-up is scheduled for the years 2022 and 2023, according to the 2019-2023 Business and Management Plan. The units will be operated and chartered for 25 years.
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SNBR... | Hot Stocks18:58 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Sleep Number (SNBR) up 6.6%... United Airlines (UAL) up 1.5%. ALSO HIGHER: McKesson (MCK) up 7.8%, AmerisourceBergen (ABC) up 7.5%, Cardinal Health (CAH) up 4.9% after WSJ speculation of potential $18B opioid litigation settlement... Fulton Financial (FULT) up 1.5% after announcing $100M buyback... Eaton (ETN) up 1.1% after selling its Lighting business for $1.4B... Stitch Fix (SFIX) up 1.1% after $3.1M insider buy... MGM Resorts (MGM) up 1.0% after selling Bellagio to Blackstone for $4.25B. DOWN AFTER EARNINGS: JB Hunt (JBHT) down 1.9%... Interactive Brokers (IBKR) down 1.4%. ALSO LOWER: Rhythm Pharmaceuticals (RYTM) down 11.4% after equity offering... ProQR Therapeutics (PRQR) down 10.0% after sepofarsen RPD designation from FDA... Natera (NTRA) down 5.9% after equity offering... Principia Biopharma (PRNB) down 3.0% after equity offering... U.S. Steel (X) down 1.9% after convertible note offering... Arco Platform (ARCE) down 1.3% after filing $1.B mixed shelf... Tradeweb Markets (TW) down 1.0% after Q3 guidance, equity offering. Movers as of 18:30ET.
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TW | Hot Stocks18:20 EDT Tradeweb Markets sees Q3 adjusted EBITDA $93.45M
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EDIT | Hot Stocks18:15 EDT Editas Medicine, AskBio enter research collaboration over in vivo delivery - Editas Medicine and Asklepios BioPharmaceutical announced the companies have entered a strategic research collaboration to explore in vivo delivery of genome editing medicines to treat neurological diseases. This collaboration brings together AskBio's leading capsid development, clinical stage AAV vector delivery system, and manufacturing expertise with Editas Medicine's leading genome editing technologies to potentially develop novel medicines for patients with high unmet need. "We are excited to collaborate with AskBio, a team with unparalleled experience in AAV technology and clinical-stage manufacturing. We believe that together we can deliver innovative genome editing medicines to the nervous system and rapidly advance medicines to treat neurological diseases and help patients in great need," said Charles Albright, Ph.D., Executive Vice President and Chief Scientific Officer, Editas Medicine.
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SFIX | Hot Stocks18:00 EDT Stitch Fix director buys 150K shares of common stock - In a regulatory filing, Stitch Fix disclosed that its director William Gurley bought 150K shares of common stock on October 10th. The total transaction size was $3.12M.
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GLD | Hot Stocks17:39 EDT SPDR Gold Shares holdings fall to 919.66MT from 921.71MT - This is the lowest level of holdings since September 24th.
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FE | Hot Stocks17:36 EDT FirstEnergy subsidiaries to transfer TMI-2 to a subsidiary of EnergySolutions - FirstEnergy announced that its wholly-owned subsidiaries GPU Nuclear, Metropolitan Edison Company, Jersey Central Power & Light Company and Pennsylvania Electric Company have entered into an agreement for transfer of Three Mile Island Nuclear Generating Station Unit 2, TMI-2, in Middletown, Pa. to TMI-2 Solutions, a subsidiary of EnergySolutions, Inc. of Charlotte, N.C. The agreement would transfer the plant, property, nuclear decommissioning trust fund, plant licenses and responsibility for decommissioning of TMI-2 to the EnergySolutions subsidiary. The transfer is subject to required state and federal regulatory approvals. If approved, the proposed transaction is expected to close in the second half of 2020. "Transfer of TMI-2 removes any future nuclear decommissioning obligations from FirstEnergy and is consistent with our strategy of focusing on regulated utility operations," said Greg Halnon, president and chief nuclear officer of GPU Nuclear. "EnergySolutions will complete the final remediation to transition TMI-2 from a safe and stable storage condition to a fully decommissioned facility."
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SNBR | Hot Stocks17:35 EDT Sleep Number sees Q4 effective tax rate of 25%
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ATIS | Hot Stocks17:32 EDT Attis Industries not in compliance with Nasdaq rules - Attis Industries announced that the Nasdaq Capital Market has informed the Company by letter that it is not in compliance with the Exchange's continued listing requirements as set forth in Nasdaq Listing Rule 5550. This is a result of the Company's minimum bid price falling below $1.00 per share for a period of thirty consecutive business days, however this notification will have no immediate effect on the listing or trading of the common stock on the Exchange. Under the Nasdaq Listing Rule 581, the Company is provided a period of 180 days in which it may regain compliance. The Company disagrees with the public market's perceived per share value of its common stock but believes that it is the result of a delay in completing its required public filings with the SEC. The Company continues to work diligently with its independent accounting firm to expediently complete the delinquent filings with the confidence that once these filings are current its minimum bid share price will come back within compliance.
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SNBR | Hot Stocks17:22 EDT Sleep Number says added 42 new stores in the past 12 months - Says multi-year initiatives have resulted in double digit EPS growth since 2015. Says average revenue per share was up 8% for the trailing 12 months. Says prioritizing investments in research and development. Says expects annual average store growth of 20%-25% through 2025. Comments taken from Q3 earnings conference call.
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SU | Hot Stocks17:16 EDT Suncor increases Enerkem investment by $50M - Enerkem announced the closing of a $50M equity investment from Suncor. As Canada's "leading integrated energy company", Suncor first participated in the ownership of Enerkem in April 2019 as part of a $76.3M equity financing alongside Enerkem's existing shareholders. With this new investment, Suncor becomes a strategic shareholder of Enerkem.
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UAL | Hot Stocks17:16 EDT United Airlines sees year end 2019 total mainline aircraft of 810 - Sees year end 2019 total regional aircraft of 580. Sees 2020 scheduled new aircraft deliveries of 65. Comments taken from presentation slides for investor update.
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UAL | Hot Stocks17:13 EDT United Airlines sees FY19 consolidated capacity growth ~ 3.5% - Sees FY19: CASM-Ex up ~ 1.2%; Effective tax rate 22%-24%; Adjusted CapEx ~ $4.9B. Comments taken from presentation slides in investor update.
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HON | Hot Stocks17:12 EDT Honeywell appoints Mike Madsen to head Aerospace group, Jeff Kimbell as CCO - Honeywell announced that Mike Madsen has been named president and CEO of Honeywell Aerospace, effective immediately. Madsen succeeds Tim Mahoney, who held the role for the past ten years and has been named senior VP, Enterprise Transformation. In his new position, Mahoney will have broad responsibilities for Honeywell Digital, the company's global, cross-functional digitization initiative that is driving improvements in customer service and efficiency. Honeywell also announced the appointment of Jeff Kimbell as senior VP and Chief Commercial Officer, with broad responsibilities for digitizing and aligning the company's sales and marketing organizations in support of profitable organic growth. Most recently, he served as Partner in the Transformation Practice at McKinsey & Company in Houston.
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ZFGN | Hot Stocks17:12 EDT EcoR1 Capital reports 8.4% passive stake in Zafgen - Sabby Management disclosed a 8.4% stake in Zafgen, which represents over 3.14M shares. The filing does not allow for activism.
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UAL | Hot Stocks17:10 EDT United Airlines sees Q4 consolidated capacity up ~ 3% y/y - Sees Q4: Consolidated PRASM growth 0%-2%; CASM-Ex up ~ 3.5%; Adjusted pre-tax margin 7%-9%; Effective income tax rate 22%-24%. Comments taken from presentation slides in investor update.
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MU | Hot Stocks17:05 EDT Micron's Byrne sells 23,264 common shares - In a regulatory filing, Micron director Patrick J. Byrne disclosed the sale of 23,264 common shares of the company at a price of $43.2671 per share.
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DNKN | Hot Stocks17:01 EDT Dunkin' Brands U.S. Chief Marketing Officer Tony Weisman stepping down - Dunkin' Brands, the parent company of Dunkin' and Baskin-Robbins, announced that Tony Weisman, Chief Marketing Officer Dunkin' U.S., is stepping down from his position effective December 1. The company will immediately begin a search for his replacement, and Weisman has agreed to assist in the search. Until the appointment of a new CMO, the marketing department will report to Dave Hoffmann, Dunkin' Brands CEO and Dunkin' U.S. President.
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AVGO | Hot Stocks16:59 EDT Broadcom CLO sells 2,000 common shares - In a regulatory filing, Broadcom chief legal officer Mark David Brazeal disclosed the sale of 2,000 common shares of the company at a price of $280 per share.
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AKBA | Hot Stocks16:47 EDT Akebia sues CMS over action rescinding Medicare part D coverage of Auryxia - Akebia Therapeutics, Inc. filed a complaint in federal district court against the Centers for Medicare & Medicaid Services and the U.S. Department of Health and Human Services. The lawsuit challenges a September 2018 decision by CMS that rescinded Medicare Part D coverage of Auryxia, Akebia's FDA-approved drug, when used for the treatment of iron deficiency anemia in adult patients with chronic kidney disease not on dialysis. The legal action also seeks to reverse a related decision by CMS that imposed a prior authorization requirement for Auryxia when used for the control of serum phosphorus levels in adult patients with CKD on dialysis. In the complaint, Akebia asks the court to restore coverage of Auryxia for the IDA Indication and to remove the prior authorization requirement for the Hyperphosphatemia Indication.
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HBB | Hot Stocks16:46 EDT Hamilton Beach to wind down Kitchen Collection, close all 160 stores - Hamilton Beach Brands announced the wind down of the retail operations of its subsidiary, The Kitchen Collection, LLC, and the closure of all of its 160 stores by the end of 2019. Conway MacKenzie is serving as financial advisor and Hilco Merchant Resources will assist management during the sale process of Kitchen Collection inventory and store fixtures. Sales will commence at all Kitchen Collection stores in the next few days and continue through the holiday selling season. Kitchen Collection has approximately 800 employees.
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NANO RTEC | Hot Stocks16:33 EDT Rudolph Technologies to combine with Nanometrics to create Onto Innovation - In a deal announced this June, Nanometrics (NANO) and Rudolph Technologie ( RTEC) announced that their combined company will be named Onto Innovation Inc., following the close of their previously announced merger of equals. The combined company will provide an expanded portfolio of leading-edge technologies that include: 3D metrology spanning everything on the chip from nanometer-scale transistors to micron-level die-interconnects; macro defect inspection of wafers and packages; metal interconnect composition; factory analytics; and lithography for advanced semiconductor packaging.
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DLX | Hot Stocks16:32 EDT Deluxe eChecks selected by Alight Solutions for payroll disbursement - Deluxe Corporation announced that Alight Solutions has selected the Deluxe eChecks payments solution for payroll payment disbursement. Using Deluxe eChecks, Alight will be able to deliver digital payroll checks and related earning statements instantly in a single transaction. For employees and employers who receive paper checks and earnings records through the mail, Deluxe eChecks digitizes the process by providing employees an email with a secure link to access, download and print eChecks paychecks and earnings statements allowing them faster access to their pay and records.
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AEE | Hot Stocks16:31 EDT Ameren names Michael Moehn CFO - Ameren Corporation announced organizational changes that will broaden the work experiences for two senior executives, further strengthen the organization's senior leadership expertise and better position the company to execute its long-term strategic plan. Marty Lyons, currently executive vice president and chief financial officer, and president of Ameren Services, will become president of Ameren Missouri. Michael Moehn, currently president of Ameren Missouri, will become executive vice president and chief financial officer, and president of Ameren Services. The organizational changes will be effective Dec. 1.
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ETN | Hot Stocks16:26 EDT Eaton agrees to sells its Lighting business to Signify for $1.4B - Eaton announced that it has entered into an agreement to sell its Lighting business to Signify N.V for a cash purchase price of $1.4B. The decision to sell the Lighting business comes after completing a comprehensive review of various potential transaction alternatives to maximize shareholder value. The business, which had sales of $1.7B in 2018, serves customers in commercial, industrial, residential and municipal markets. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first quarter of 2020.
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FULT | Hot Stocks16:24 EDT Fulton Financial approves $100M shares repurchase program - Fulton Financial announced that its Board of Directors has approved the repurchase of up to $100M of shares of Fulton's common stock, or approximately 3.9% of Fulton's outstanding shares, based on the closing price of Fulton's common stock and the number of shares outstanding on October 11. This approval expires on December 31, 2020. Fulton also announced that it repurchased approximately $48.0M of its outstanding shares during the Q3, which completed the repurchase of shares authorized under the $100M stock repurchase program announced in March.
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SVM | Hot Stocks16:21 EDT Silvercorp Metals reports results from LMW mine exploration programs - Silvercorp Metals announced results of its exploration programs from April 1, 2018 to June 30 at the LMW mine, Ying Mining District, Henan Province, China. Exploration drilling is ongoing at the LMW mine and all other mines at the Ying Mining District. During this period, Silvercorp continued its extensive exploration programs and completed 21,272 metres of underground diamond drilling and 3,274m of exploration tunneling at the LMW mine. Results of underground drilling continuously extended the major mineralized vein structures along strike and downdip, and exploration tunneling exposed high-grade mineralization zones within major production vein structures. The underground drilling program is being conducted with three underground rigs from the current production levels to delineate the downdip and along-strike extensions of known mineralized vein structures in the production area and test for new veins in the previously less-explored areas. The exploration tunneling, comprising drifting, crosscutting and raising, was driven along and across major mineralized vein structures to upgrade drill defined mineral resources and test for new parallel and splay structures. Exploration tunneling in the 2018-2019 exploration program at LMW has been mainly conducted between elevation levels 550m and 969m. Hole ZKX11111 intersected a 1.34m interval from 135.86m to 137.20m, 0.97m true width, of vein LM17W1 grading 1,211 grams per tonne silver, 11.58% lead and 0.92% zinc at the 634m elevation.
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AMK | Hot Stocks16:19 EDT AssetMark Financial reports platform assets up 20.9% YoY at the end of September - AssetMark Financial Holdings,released its "AssetMark Monthly Knowledge" Report.Company highlights for the month of September 2019 include: Platform assets of $57.9B at the end of September, up 20.9% year-over-year;Net flows were $312 million in the month of September, down 24.3% year-over-year;AssetMark Trust Company client cash increased 48.3% year-over-year; Number of households increased 23.0% year-over-year to 159,496 at the end of September.
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UAL | Hot Stocks16:19 EDT United Airlines reports Q3 adjusted pre-tax margin 12.1%
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UAL | Hot Stocks16:18 EDT United Airlines reports Q3 PRASM up 1.7% y/y - Reports Q3 CASM down 0.9%; CASM-Ex up 2.1% y/y.
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RE | Hot Stocks16:17 EDT Everest Re estimates Q3 pre-tax catastrophe losses $280M - Everest Re announced a preliminary pre-tax catastrophe loss estimate for the third quarter of 2019 in the amount of $280M. This amount is net of reinsurance recoveries and reinstatement premiums. Net of tax, the Everest loss estimate is $225M. The catastrophe losses are related to the third quarter 2019 events of Hurricane Dorian which impacted the Bahamas and several states in the Southeastern U.S., and Typhoon Faxai which impacted Japan. By event, the pre-tax estimated catastrophe losses to Everest are $160M from Hurricane Dorian, and $120M from Typhoon Faxai. These estimates specifically exclude any losses from Typhoon Hagibis which made landfall in Japan on October 12.
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EXC | Hot Stocks16:17 EDT Exelon names Calvin Butler as interim CEO of Exelon Uitilities - Exelon Corporation announced that it has appointed Calvin G. Butler Jr., CEO of Baltimore Gas and Electric Company, as Interim CEO of Exelon Utilities, effective immediately. This appointment follows the retirement of Anne Pramaggiore, Senior Executive Vice President and CEO of Exelon Utilities, which is also effective immediately. Mr. Butler will continue to serve as CEO of BGE.
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RNR | Hot Stocks16:16 EDT RenaissanceRe sees Q3 catastrophe net negative impact $155M - RenaissanceRe Holdings announced it currently estimates that losses from third quarter 2019 catastrophe events will have an estimated net negative impact of approximately $155M on its third quarter 2019 results of operations. The estimated losses include Typhoon Faxai and Hurricane Dorian, which will have an estimated net negative impact of approximately $100M and $55M, respectively. The company expects to report modest net income and operating income available to common shareholders for the third quarter of 2019. On October 12, 2019, Typhoon Hagibis made landfall in Japan with sustained winds of 85 miles per hour and reported gusts over 100 miles per hour. Typhoon Hagibis affected an area of nearly 85,000 square miles, including the region impacted by Typhoon Faxai, causing widespread flooding and damage. The company is in the preliminary stage of assessing the impact of Typhoon Hagibis, which will be reflected in its fourth quarter financial results.
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LW | Hot Stocks16:16 EDT Lamb Weston launches Argentina joint venture with Sociedad Comercial del Plata - Lamb Weston announced that it has formed a joint venture with Sociedad Comercial del Plata in Argentina to serve the nearly 2-billion-pound South American market. Each partner will own 50% of the new joint venture, Lamb Weston Alimentos Modernos S.A. Terms of the agreement were not disclosed. Lamb Weston Alimentos Modernos S.A. will sell frozen potato products under the Rapipap and Morixe brands and will operate a manufacturing facility in Munro, Buenos Aires, Argentina, with annual capacity of approximately 130 million pounds of finished goods.
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MGM | Hot Stocks16:12 EDT MGM Resorts to form joint venture with Blackstone Real Estate Income Trust - MGM Resorts announced that it has entered into a definitive agreement to form a joint venture with Blackstone Real Estate Income Trust that values the real estate of Bellagio at $4.25B, which represents a purchase price multiple of 17.3x rent. In this landmark transaction for the gaming and entertainment industry, the joint venture will acquire the Bellagio real estate and lease it back to a subsidiary of MGM Resorts for initial annual rent of $245M. MGM Resorts will receive a 5% equity interest in the joint venture and cash of approximately $4.2B. The transaction is expected to close in the fourth quarter, subject to certain closing conditions. Central to executing this strategy is monetizing real estate efficiently and effectively redeploying the significant amount of capital the company is unlocking. Between the Bellagio transaction and the pending Circus Circus sale, the company is expecting to receive gross proceeds of approximately $5B and estimated net cash proceeds (including expected transaction costs) of $4.3B. These transactions are the first steps in executing the asset-light strategy, and the company still retains several highly valuable real estate assets including MGM Grand, MGM Springfield, its 50% stake in CityCenter and its 68% economic ownership in MGM Growth Properties LLC. The Company anticipates opportunistically monetizing and/or unlocking value from the abovementioned remaining real estate portfolio in a measured manner that maximizes value creation for its shareholders and broader constituents. MGM's fortress balance sheet and robust free cash flow generation will enable it to take advantage of targeted growth initiatives and opportunistically return capital to shareholders.
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PRQR | Hot Stocks16:12 EDT ProQR Therapeutics gets RPD from FDA for sepofarsen to treat LCA 10 - ProQR Therapeutics announced that it received Rare Pediatric Disease, RPD,designation from the U.S. Food and Drug Administration for sepofarsen for the treatment of Leber's congenital amaurosis 10, LCA10, the most common cause of blindness due to genetic disease in children. Sepofarsen, QR-110, is a first-in-class investigational RNA-based oligonucleotide designed to address the underlying cause of LCA10 due to the p.Cys998X mutation in the CEP290 gene. The RPD designation provides priority review by the FDA to encourage treatments for rare pediatric diseases. Under the RPD program, a sponsor who receives an approval for a drug or biologic for a "rare pediatric disease" may qualify for a voucher that can be redeemed to receive a priority review by the FDA of a subsequent marketing application for a different product
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BX MGM | Hot Stocks16:11 EDT MGM Resorts sells Bellagio to Blackstone for $4.25B in sale-leaseback deal - Blackstone Real Estate Income Trust (BX), and MGM Resorts (MGM) announced that BREIT and MGM Resorts will form a 95%/5% BREIT-led joint venture to acquire the real estate assets of the Bellagio for $4.25B in a sale-leaseback transaction. As part of the transaction, MGM Resorts will lease the property from the joint venture and continue to manage, operate and be responsible for all aspects of the property on a day-to-day basis. MGM Resorts will sign a long-term lease and continue to be responsible for all operations and capital expenditures of the Bellagio, with the joint venture owning the property and receiving rent payments.
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AG | Hot Stocks16:09 EDT First Majestic announces Q3 total production of 6.6M silver equivalent ounces - First Majestic announced total production in Q3 reached 6.6M silver equivalent ounces, representing a 4% increase compared to the prior quarter. Total production consisted of 3.4M ounces of silver, 35,791 ounces of gold, 1.9M pounds of lead and 1M pounds of zinc. By the end of Q3, total production has reached 19.3M silver equivalent ounces, or approximately 77% of the company's guidance midpoint of producing 24.4M-26M ounces. "Total production increased 4% quarter over quarter due to higher grades and recoveries at both our Santa Elena and La Encantada operations," said Keith Neumeyer, president and CEO. "At La Encantada, silver recoveries averaged 82%, making it the highest recovery rate since owning this operation, following successful plant modifications to optimize ore handling and processing. In addition to higher recoveries, silver grades at La Encantada increased 59% pushing silver production to the highest level since 2014. Production at Santa Elena also reached a new record as higher gold grades were produced from the Main Vein and overall higher metallurgical recoveries were achieved following the start-up of the new HIG mill. This new mill is proving to be a major asset for this operation and I would like to recognize our projects and innovations team for a job well done."
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MGM | Hot Stocks16:08 EDT MGM Resorts to sell Circus Circus Las Vegas for $825M, sees Q3 charge of $220M - MGM Resorts announced that it has entered into a definitive agreement to sell Circus Circus Las Vegas for $825M to an affiliate of Treasure Island owner Phil Ruffin. For the 12 months ending June 30, the property reported Adjusted Property EBITDA of $62M. "MGM Resorts has engaged in an exhaustive process to evaluate its owned real estate and remains committed to executing its asset-light strategy in a measured way that maximizes value for its shareholders," said Jim Murren, Chairman and CEO of MGM Resorts. "The company expects to utilize the proceeds from this transaction to enhance its capital allocation strategy and complement its strategic and operational flexibility." The $825M purchase price will comprise $662.5M paid in cash and a $162.5M note due 2024. The transaction is expected to close in the fourth quarter, subject to customary closing conditions, including receipt of necessary regulatory approvals. The company expects to record a third quarter impairment charge of approximately $220M in connection with this transaction.
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IRBT | Hot Stocks16:08 EDT iRobot files motion for preliminary injunction against SharkNinja Operating - iRobot filed a motion for a preliminary injunction ordering SharkNinja Operating and its related entities to halt its sales and distribution of its Shark IQ Robot. iRobot filed its motion based on infringement of certain iRobot patents related to the Roomba i7+ robot vacuum with Clean Base Automatic Dirt Disposal. The motion was filed today in the District of Massachusetts, with a hearing date to be scheduled. iRobot's preliminary injunction identifies Shark's IQ Robot, released well over a year after the Roomba i7+, for infringement of three iRobot patents: U.S. Patent No. 9,921,586; U.S. Patent No. 9,550,294; and U.S. Patent No. 9,492,048. iRobot also filed a complaint for patent infringement involving three other iRobot patents, spanning core iRobot features such as the Roomba i7+ robot's roller technology and modularity. Today's lawsuit against SharkNinja follows iRobot's win of an exclusion order against multiple respondents at the International Trade Commission.
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IBKR | Hot Stocks16:08 EDT Interactive Brokers say 'providing information to regulatory authorities' - The company states: "The company is subject to regulatory oversight and examination by numerous governmental and self-regulatory authorities. The company is currently providing information to certain of such authorities, including FINRA, the SEC, the CFTC and the United States Department of Justice, and cooperating with those authorities. The company believes that the regulators are focused on compliance practices, including anti money laundering and Bank Secrecy Act practices. The company periodically reviews these practices to make them more robust and to keep pace with changing regulatory standards, and the Company has been enhancing and augmenting its procedures and personnel in these areas over the past several years. While the outcome of the examinations and inquiries currently in progress cannot be predicted, the company does not believe that they are likely to have a materially adverse effect on the company's financial results."
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IBKR | Hot Stocks16:06 EDT Interactive Brokers reports Q3 customer equity up 10% at $156.6B
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REI | Hot Stocks16:06 EDT Ring Energy reports six new San Andres wells drilled in Q3 - Ring Energy released its operations update for the third quarter of 2019. In the three months ended September 30, 2019, the company drilled six new one-mile horizontal ("Hz") San Andres wells on its Northwest Shelf asset. Of the six new wells drilled, three were completed, tested and had Initial Potentials ("IPs") filed, while the remaining three were completed and are in varying stages of testing. In addition to the three new wells drilled in the third quarter which had IPs filed, the company completed testing and filed IPs on eight additional horizontal wells drilled in the first and second quarters of 2019 (5 Central Basin / 3 NWS). The average IP rate for all the horizontal wells (11 wells) completed and IPs filed in the third quarter of 2019 was 475 Barrels of Oil Equivalent ("BOE") per day, or 101 BOE/ 1,000 feet on an average lateral of 4,741 feet. The Company also performed nine conversions from electrical submersible pumps ("ESP") to rod pumps (4 NWS / 5 Central Basin). Management believes these conversions will lower future operating expense by reducing electrical usage, eliminating monthly rental costs on the ESPs and lowering future pulling costs by as much as 80%. All drilling activities and workover projects were completed on time and within budget. Danny Wilson, Ring's Executive Vice President and Chief Operating Officer, commented, "We continued to focus on the NWS in the third quarter. We drilled six new horizontal San Andres wells, all one mile in length. The results continue to exceed our initial expectations. Although the NWS wells tend to take a little longer to reach peak rates, we continue to be encouraged by the higher IP rates and flatter declines as compared to our legacy Central Basin Platform ("CBP") wells. We continue to communicate with other operators in the area, sharing information and ideas in an effort to constantly refine our completion and production techniques with the ultimate goal of lowering costs and improving recoveries. After operating the NWS properties for the last six months, we firmly believe the horizontal San Andres play on the NWS yields superior returns and has the potential to get even better. As a result of the excellent results we are experiencing on both the NWS and CBP, we are updating the slides related to each asset on our corporate presentation to reflect the new decline curves and improved economics on both assets. It is important for us to provide this detailed information to the investment community so they can accurately assess the true value of these two assets and the impact they will have on the future growth of the Company. Below is a summary of those changes. In addition to our drilling activities, we performed nine pump conversions, which will substantially reduce future operating costs, and completed one small infrastructure project on the CBP related to our saltwater disposal system."
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IBKR | Hot Stocks16:03 EDT Interactive Brokers reports Q3 total DARTs up 13% at 859K
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C | Hot Stocks14:04 EDT Citi reports September credit loss 2.61% vs. 2.62% last month - Reports September 30-plus day delinquencies 1.52% vs. 1.53% last month.
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CNPOF | Hot Stocks13:02 EDT Canopy Rivers portfolio company receives Health Canada license amendment - Canopy Rivers announced that its portfolio company James E. Wagner Cultivation Corporation received a Health Canada license amendment allowing for cannabis production in four new flowering rooms at its flagship facility in Kitchener, Ontario. "We believe that this license amendment demonstrates Health Canada's recognition of JWC, the quality of its operations, and its disciplined approach to expansion," said Olivier Dufourmantelle, COO, Canopy Rivers. "Through its supply agreement with TerrAscend, JWC has an active role in the Canopy Rivers ecosystem. We've seen that companies that work together, thrive together, and we think this Health Canada approval will enable JWC to increase production and further collaborate within the Canopy Rivers ecosystem."
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CHGG | Hot Stocks13:02 EDT Law firm initiates investigation into data breach at Chegg - Federman & Sherwood, a litigation law firm that has been appointed counsel in various data breach cases, has initiated an investigation into Chegg (CHGG) relating to a data breach affecting personal information of more than 40M student users of chegg.com. Chegg reported that about 40M user's data, including user names, email addresses, shipping addresses and hashed Chegg passwords were accessed. Chegg reported that the unauthorized party gained access on or around April 29, 2018 to the company database that hosts user data for chegg.com and certain of Chegg's family of brands such as EasyBib, Internships.com and StudyBlue.
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GOOG GOOGL | Hot Stocks12:44 EDT Google Stadia launches on November 19th - In a tweet, the Google Stadia team said: "Mark your calendars! Stadia will start arriving November 19. Need a quick guide on what exactly Stadia is? We got you covered. Become an expert in all things Stadia just in time for launch." Reference Link
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GOOG... | Hot Stocks12:40 EDT Google announces Nest Wifi system - Alphabet's Google (GOOG) announced Nest Wifi, a wi-fi internet system that involves two separate devices: The Nest Wifi router plugs directly into your modem, forming the basis for a strong and powerful home network, and the Nest Wifi point expands your coverage where you need it most. Nest Wifi is more powerful than Google Wifi, delivering up to two times the speed and up to 25% better coverage, the company. A two pack can deliver coverage for a 3,800-square-foot home. The system is scalable, so you can add more points later to make sure you're covered. And if you've already got a Google Wifi network, you can easily add Nest Wifi to it for additional coverage, the company added. The Nest Wifi point also has a speaker with the Google Assistant, which means it can do everything that Nest Mini can do. "We also built the Nest Wifi system to provide the foundation for your future smart home devices," Google said. "It has local home connectivity, which means that some devices can connect directly to the system without needing a hub, so you can easily set up the most popular lights and plugs right from the Home app. We'll also enable Thread capabilities in the coming months to deliver secure connectivity for smart home devices like door and motion sensors, door locks and more. You'll start seeing these devices roll out from partners in 2020. Nest Wifi will be available in eight global markets in 2019. In the U.S., you can preorder today and Nest Wifi will be on sale on November 4. You can get a two pack with one router and one point for $269, or a three pack with one router and two points for $349 at the Google Store, Target (TGT), Best Buy (BBY) and more retailers."
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GOOG GOOGL | Hot Stocks12:38 EDT Google introduces Google Pixel Buds - Alphabet's Google announced the Google Pixel Buds, a set of wireless headphones that connect to Google devices, including the recently announced Pixel 4 phone. "Pixel Buds have a unique hybrid design that keeps you aware of the world around you, while still delivering powerful sound," the company said. "The eartips gently seal the ear to isolate the loud outside noises, and to give high quality audio. The spatial vent underneath reduces that plugged-ear feeling, and lets through just the right amount of environmental sound so you can stay aware of the things around you. Pixel Buds also have Adaptive Sound, which dynamically adjusts the volume as you move from a quiet environment to a noisy one, so you don't have to constantly raise or lower the volume."
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UNH... | Hot Stocks12:37 EDT Health insurance providers move higher after UnitedHealth Q3 results - Health insurance providers are moving higher on Tuesday after peer UnitedHealth (UNH) reported stronger-than-expected third quarter earnings earlier on Tuesday, and raised its FY19 EPS view. Shares of other U.S. healthcare insurance providers including Centene (CNC) Anthem (ANTM), Humana (HUM), WellCare (WCG), Molina Healthcare (MOH), Cigna (CI) are moving higher on Tuesday.
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TGT... | Hot Stocks12:36 EDT Google announces next-generation Nest Mini - Alphabet's Google (GOOG) announced the second-generation Nest Mini, which is "completely re-engineered to make everything you love about the original even better." Nest Mini provides bass that's twice as strong as the original Google Home Mini, and those listening to music or podcasts on the Nest Mini will see LED lights lighting up as their hand gets close to the device, indicating where they can tap to adjusted the volume. And Nest Mini will dynamically adjust the volume of the Assistant, news and podcasts based on any background noise that may be happening at the time. Users can connect Nest Mini to other Nest speakers to build a sound system for the whole home, Google said, adding that with stream transfer, users can fill their home with sound by moving music, audiobooks, and podcasts from one speaker to another with a voice command. "Nest Mini is smarter and faster than the original Mini," the company said. "We embedded a dedicated machine learning chip with up to one TeraOPS of processing power, which lets us move some Google Assistant experiences from our data centers directly onto the device. In the U.S., Nest Mini can now learn your most common commands and process them locally for a much faster response time." Customers can buy Mini for $49, and starting today, anyone can pre-order from the Google Store. Nest Mini will be on shelves on October 22 at Best Buy (BBY), Target (TGT), Walmart (WMT) and other retailers.
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BRK.B... | Hot Stocks12:33 EDT Bank of America up 4% after Bloomberg says Buffett trying to boost stake - Shares of Bank of America (BAC) are higher after Bloomberg reported that Warren Buffett's Berkshire Hathaway (BRK.A) filed an application with the Federal Reserve to seek permission to boosts its stake in the bank beyond 10%. Bank of America shares are up 4% to $30.19 in afternoon trading.
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GOOGL GOOG | Hot Stocks12:32 EDT Google officially announces Pixel 4, Pixel 4 XL - Google officially introduced the Pixel 4 and Pixel 4 XL, which include the latest version of Android. The Pixel 4 brings the phone line's largest camera upgrade yet, with two cameras on the back of the phone, including a new telephoto lens. Pixel 4 also has Live HDR+ in the viewfinder so users know exactly what their photo will look like, even when they're using the new controls in tricky lighting. The phone will come with a new Google Assistant, a Motion Sense feature, new built-in apps such as the Recorder transcription app, and a 6GB RAM, a 90hz display, and Pixel Neural Core. "We're expanding our carrier partner lineup and will be selling Pixel through all the major U.S. carriers for the first time, including AT&T, C Spire, Cellcom, Google Fi, Spectrum Mobile (Charter), Sprint, T-Mobile, U.S. Cellular, Verizon, Visible and Xfinity Mobile (Comcast)," the company said. "Beginning today, you can pre-order a Pixel 4 for $799 and Pixel 4 XL for $899, and phones will ship on October 24, globally. Pixel 4 comes in three colors, including Clearly White, Just Black, and a limited edition, Oh So Orange."Reference Link
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USFD | Hot Stocks12:08 EDT US Foods announces resignation of chief supply chain officer Tim Connolly - US Foods Holding announced that EVP and chief supply chain officer Tim Connolly has resigned, effective immediately. The company will be conducting a search for Connolly's successor.
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AXP | Hot Stocks12:05 EDT American Express reports September write-off rate 2.0% vs. 2.3% last month - Reports September 30 days past due loans 1.3% vs. 1.2% last month.
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UNH | Hot Stocks12:00 EDT UnitedHealth rises 8.0% - UnitedHealth is up 8.0%, or $17.59 to $238.18.
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DS | Hot Stocks12:00 EDT Drive Shack rises 9.2% - Drive Shack is up 9.2%, or 34c to $4.08.
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APHA | Hot Stocks12:00 EDT Aphria rises 21.7% - Aphria is up 21.7%, or 95c to $5.31.
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AKAM | Hot Stocks11:51 EDT Akamai announces 'enhancements,' new features for Edge Platform - Akamai Technologies announced enhancements focused on maximizing security, quality, and reliability from the cloud to the digital touchpoint. With these new features, the Akamai Intelligent Edge Platform enables organizations to optimize and secure the critical point where they monetize and differentiate their services and push the boundaries of digital experiences. "The edge is both where a business and its customers meet and a place where valuable insights can be gained and shared globally at lightning speed," said Rick McConnell, President and GM of Akamai's Web Division. "As enterprises respond to the ongoing expansion of mobile usage and heightened customer expectations, enhancements to the Akamai Intelligent Edge Platform are designed to accelerate their digital transformations and improve customer experiences while maximizing security and digital trust."
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GD | Hot Stocks11:47 EDT General Dynamics' Gulfstream G500 earns European certification - General Dynamics announced that the Gulfstream G500 has received certification from the European Aviation Safety Agency, clearing the way for European Union registrations and customer deliveries. "The G500 has been very well received in Europe," said Gulfstream president Mark Burns. "Customers in the region have been drawn to the unprecedented level of technology and innovation in the flight deck and the impact that has on safety and efficiency."
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GD | Hot Stocks11:47 EDT General Dynamics' Gulfstream G500 earnings European certification - General Dynamics announced that the Gulfstream G500 has received certification from the European Aviation Safety Agency, clearing the way for European Union registrations and customer deliveries. "The G500 has been very well received in Europe," said Gulfstream president Mark Burns. "Customers in the region have been drawn to the unprecedented level of technology and innovation in the flight deck and the impact that has on safety and efficiency."
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QCOM MSFT | Hot Stocks11:46 EDT Qualcomm developing chip preconfigured with the Azure Sphere for IoT - Qualcomm (QCOM) Technologies, a wholly owned subsidiary of Qualcomm, announced today at its 5G Summit in Barcelona, Spain that it is developing the first cellular chip optimized and certified for Microsoft's (MSFT) Azure Sphere Internet of Things, IoT, operating system. Qualcomm Technologies' new Azure Sphere-certified chipset for IoT will include hardware-level security, come preconfigured with the Azure Sphere, and will automatically connect to Azure Sphere security cloud services. "We are pleased to expand our broad portfolio of solutions for the Internet of Things and to add the powerful capabilities of Microsoft Azure Sphere to our upcoming chipset," said Jeffery Torrance, vice president, business development, Qualcomm Technologies, Inc. "We hope to enable exciting new business transformations for customers in a variety of verticals, where powerful edge computing, low latency connectivity, and end-to-end security can make an important difference." Reference Link
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BC | Hot Stocks11:45 EDT Brunswick boosts quarterly dividend 14% - The board of Brunswick Corporation raised the quarterly dividend on its common stock by approximately 14% to 24c per share. The dividend will be payable on December 13 to shareholders of record at the close of business on November 19.
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WMT | Hot Stocks11:36 EDT Walmart InHome Delivery launches in Kansas City, Pittsburgh and Vero Beach - Walmart's Bart Stein, SVP, Membership and InHome said in a statement: "Early this summer, Walmart announced InHome Delivery, our latest innovation aimed toward giving time back to families by delivering fresh groceries and everyday essentials directly into their kitchen or garage fridges. Today, for the first time ever, we're thrilled to launch this new service for over 1 million customers in Pittsburgh, Kansas City (Missouri and Kansas) and Vero Beach." Reference Link
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ATVI NTDOY | Hot Stocks11:32 EDT Blizzard cancels 'Overwatch' event at Nintendo store in NYC - A previously announced launch event for the Switch port of Activision Blizzard's (ATVI) "Overwatch" scheduled for October 16 at the Nintendo World Store (NTDOY) in New York City has been cancelled by Blizzard. "We apologize for any inconvenience this may cause," Nintendo NY tweeted. The Fly notes that the move comes amid controversy around Blizzard's handling of a professional "Hearthstone" player who voiced support for protesters in Hong Kong during an official stream. Reference Link
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GS WE | Hot Stocks11:20 EDT Goldman Sachs says valuation of WeWork stake declined by $80M
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GS AAPL | Hot Stocks11:13 EDT Goldman CEO says Apple Card the most successful card launch ever
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GS AAPL | Hot Stocks11:09 EDT Goldman Sachs says has seen high level of consumer demand for Apple Card
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BHC | Hot Stocks11:08 EDT Bausch jumps 4% to $21.71 after Citron puts $40 target on shares - Andrew Left's Citron Research believes Bausch Health's quarterly results on November 4 "will force Wall St. to finally take notice" of the company's "pivot to offense." Once "this is considered along with the acknowledgment of the recent M&A spree in pharma, even David Maris will have to admit that BHC is on its way to $40," Citron said in a report posted on its website. The firm, best known for its short selling ideas, adds, "The new Bausch Health is not Valeant and investors have an opportunity to buy a well diversified pharmaceutical company with durable products and a healthy pipeline under a world-class management team that has proven their honesty and dedication." Shares of Bausch Health are up 4%, or 75c, to $21.66 in late morning trading. Citron put a $40 price target on the stock. Reference Link
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GS | Hot Stocks11:05 EDT Goldman Sachs sees global GDP growth in excess of 3% for this year and next - Comments taken from the Q3 earnings conference call.
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ON | Hot Stocks11:03 EDT ON Semiconductor, Almotive collaborate on prototype sensor fusion platforms - ON Semiconductor and AImotive have jointly announced that they will work together to develop prototype sensor fusion platforms for automotive applications. The collaboration will help customers explore highly integrated solutions for future generations of sensor data conditioning hardware platforms. The companies plan to develop a series of hardware platform demonstrators, combining ON Semiconductor's latest HD camera and radar sensor and pre-processor chipsets and expertise with AImotive's advanced AI-based perception algorithms, hardware acceleration and simulation capabilities. The platforms will showcase the superior accuracy, robustness and low latency of AI-based real-time sensor fusion and will utilize AImotive's aiWare hardware NN acceleration IP in FPGA-based prototypes, as well as modules from its aiDrive software portfolio and its aiSim simulation environment.
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MDP | Hot Stocks11:02 EDT Meredith appoints Daphne Kwon Chief Strategy Officer - Meredith Corporation announced that Daphne Kwon has been hired as Meredith's new Chief Strategy Officer, effective November 4. Kwon fills a role previously held by Catherine Levene, who was promoted to Meredith's Chief Digital Officer earlier this year. Kwon has worked across a broad spectrum of companies, varying from large media firms such as Disney to startups like Oxygen and Goop.
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NURO | Hot Stocks11:02 EDT NeuroMetrix shifting to exclusively direct-to-consumer model for Quell 2.0 - NeuroMetrix announced updates to its Quell 2.0 commercial strategy. The company is shifting to an exclusively direct-to-consumer model delivered via the QuellRelief.com website, which is said "will allow it to offer the innovative Quell 2.0 system at accessible price points. This streamlined distribution model will allow more people with chronic pain to benefit from the advanced Quell pain relief technology. The new approach will also open the door for more people to take advantage of electrode savings through a subscription service." Shai Gozani, President, and CEO of NeuroMetrix, said, "We believe that everyone living with chronic pain should have the opportunity to experience Quell and determine if it is beneficial to their particular form of chronic pain. Therefore, we have worked over the past several quarters to refine our business model and distribution system to position us to deliver Quell 2.0 at widely attainable price points."
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WSLFF | Hot Stocks11:01 EDT Westleaf announces receipt of Health Canada standarad processing license - Westleaf announced its large scale cannabis extraction, processing and product formulation facility, The Plant by Westleaf Labs, received a standard processing license from Health Canada and is ready to start operations immediately. The Standard Processing License will allow Westleaf to process bulk cannabis to create and sell derivative products through a variety of commercial arrangements, the company said in a statement. "This is a major catalyst for Westleaf to generate material revenue through the sale of derivative cannabis products and by offering contract manufacturing services," said Scott Hurd, President and CEO of Westleaf. "The issuance of the Standard Processing License is timely as Westleaf prepares to launch its cannabis 2.0 products upon legalization which is expected on October 17, 2019".
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RGLD | Hot Stocks10:48 EDT Royal Gold appoints Mark Isto as COO, Paul Libner as CFO - Royal Gold announced several senior management appointments: Mark Isto, VP Operations, has been named EVP and COO, Royal Gold Corporation; Paul Libner, Controller and Treasurer, has been named CFO and Treasurer; and, Randy Shefman, Associate General Counsel, has been named VP and General Counsel. All appointments will be effective on January 2, 2020. Libner's promotion will be effective upon the appointment of William Heissenbuttel, CFO and VP Strategy, to the position of President and CEO. Shefman's promotion will be effective upon the retirement of Bruce Kirchhoff, VP, General Counsel and Secretary.
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EMR | Hot Stocks10:42 EDT Emerson says will 'carefully evaluate' D.E. Shaw's proposals - Emerson confirmed receipt of a letter to Emerson's board of directors and presentation from D.E. Shaw. The company noted that on Oct. 1, Emerson announced that it is conducting a comprehensive review of operational, capital allocation and portfolio initiatives to enhance shareholder value and position the company for both near- and long-term success. Emerson Chairman and CEO David Farr said: "Emerson was one of the first industrial companies to address concerning trends in the macroeconomic environment, and we've announced increased restructuring actions since May to proactively manage our cost structure. The Board of Directors has been focused on this issue over the course of the year and concluded that a thorough review will inform decisions that drive strong value creation for our shareholders in what we expect to be an uncertain environment." Clemens A.H. Boersig, Lead Independent Director, added: "Emerson maintains an open dialogue with all shareholders and welcomes their input on potential opportunities to enhance shareholder value. We will carefully evaluate D.E. Shaw's proposals as we continue to assess value-creation opportunities."
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BAC | Hot Stocks10:38 EDT Bank of America reports September charge-off rate 2.62% vs. 2.67% last month - Reports September 30-plus day delinquencies 1.59% vs. 1.56% last month.
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C | Hot Stocks10:23 EDT Citi says accrual businesses to see spread compression in Q4
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C | Hot Stocks10:22 EDT Citi now sees net interest revenue up 2%-3% in 2019
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C | Hot Stocks10:22 EDT Citi sees expenses down sequentially in Q4, 'solid' pre-tax earnings growth - For Q4 in ICG, Citi sees markets and IB revenues reflecting the overall environment in Q4, not seeing repeat from challenging environment last year. Sees continued y/y revenue growth in all regions in consumer in Q4.
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C | Hot Stocks10:20 EDT Citi sttill sees 'modest' revenue growth for 2019
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C | Hot Stocks10:18 EDT Citi sees pre-tax loss of ($100M)-($150M) in corporate/other in Q4
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ZM PINS | Hot Stocks10:11 EDT Zoom Video, Pinterest slip as lock-ups for IPOs expire - Shares of both Zoom Video (ZM) and Pinterest (PINS) are sliding in early trading, which may be related to the expiration of lock-up periods related to the companies' respective IPOs. Zoom Video had priced 20.9M shares at $36 per share and opened for its first trade on April 18 at $65 per share. Pinterest, which also came public on April 18, had priced 75M shares at $19 and opened for trading at $23.75. Both companies' IPO offerings included 180-day lock-up periods that expired today. Lock-up agreements, a typical feature of company stock offerings, prevent certain shareholders from selling for a set amount of time after the offering. In morning trading, Zoom Video shares are down $1.06, or 1.5%, to $69.75, while Pinterest shares have fallen $1.42, or 5.5%, to $24.50.
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C | Hot Stocks10:11 EDT Citi CFO says to expand digital banking in effort to cobrand cards
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C | Hot Stocks10:07 EDT Citi says environment is 'highly unpredictable,' waters 'choppy' - CEO Mike Corbat says the current environment is "highly unpredictable given how much of it is at the mercy of political machinations," including trade negotiations or the resolution of Brexit. Says will help clients navigate "choppy waters." Comments taken from Q3 earnings conference call.
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UNH | Hot Stocks10:00 EDT UnitedHealth rises 5.9% - UnitedHealth is up 5.9%, or $13.07 to $233.66.
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DS | Hot Stocks10:00 EDT Drive Shack rises 7.0% - Drive Shack is up 7.0%, or 26c to $4.00.
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APHA | Hot Stocks10:00 EDT Aphria rises 20.9% - Aphria is up 20.9%, or 91c to $5.27.
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EMR | Hot Stocks09:54 EDT D. E. Shaw sees 50% upside in Emerson shares, calls for cost cuts and split - D. E. Shaw Group, which has been an investor in Emerson Electric (EMR) for over four years and currently hold a more than 1.0% interest in the common stock and equivalents of the company, today sent a letter to the company's board. The letter states in part, "Emerson is an iconic company with world-class assets. However, persistent undermanagement of those assets and a long track record of poor capital allocation, excessive costs, suboptimal business configuration, deficient corporate governance, and misalignment of interests have led to significant underperformance of Emerson stock relative to its peers and to the broader market over every relevant measurement period. Simply put, we believe that Emerson has the assets and businesses to be a great company with a premium valuation, but the management team and Board have let shareholders down. To create maximum and enduring value for its shareholders, Emerson needs to change. We believe the right set of actions could result in over 50% upside to Emerson's share price, or over $20 billion of equity value creation for Emerson shareholders, while at the same time preserving Emerson's market leading position in its various businesses." Shaw calls on Emerson to reduce costs, split into a pure play industrial automation company and a climate technology-focused company, and improve corporate governance and align executive compensation. Shares of Emerson are down 16c to $67.05 in morning trading. Reference Link
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JNJ | Hot Stocks09:53 EDT Johnson & Johnson says no legal reserves needed amid series of lawsuits
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EMR | Hot Stocks09:51 EDT D.E. Shaw calls for change at Emerson, sees 50% upside in shares
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NR | Hot Stocks09:47 EDT Newpark Resources falls -5.3% - Newpark Resources is down -5.3%, or -37c to $6.56.
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MTW | Hot Stocks09:47 EDT Manitowoc falls -5.9% - Manitowoc is down -5.9%, or -67c to $10.71.
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PAGS | Hot Stocks09:47 EDT PagSeguro Digital falls -13.7% - PagSeguro Digital is down -13.7%, or -$6.35 to $39.94.
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UNH | Hot Stocks09:47 EDT UnitedHealth rises 5.7% - UnitedHealth is up 5.7%, or $12.46 to $233.06.
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FRC | Hot Stocks09:47 EDT First Republic rises 6.0% - First Republic is up 6.0%, or $5.82 to $103.00.
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APHA | Hot Stocks09:47 EDT Aphria rises 21.8% - Aphria is up 21.8%, or 95c to $5.31.
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CPIX | Hot Stocks09:38 EDT Cumberland: Study shows Vibativ superiority in some bacterial pneumonia patients - Cumberland Pharmaceuticals announced a new publication in Infectious Diseases and Therapy, showing numerically superior cure rates of telavancin compared to vancomycin within a subset of patients who were enrolled in phase 3 ATTAIN trials and had hospital-acquired pneumonia caused by bacteria with low susceptibility to vancomycin. Cumberland manufactures and distributes telavancin under the brand name Vibativ.
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JNJ | Hot Stocks09:28 EDT Johnson & Johnson says will continue to consider 'opportunistic acquisitions' - Says: Q3 was a good quarter for progression of the drug pipeline... Well positioned in segments that are growing... China continues to perform "extremely well"... Has not seen any impacts from tariffs.
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PSTV | Hot Stocks09:24 EDT Plus Therapeutics receives $4.6M reimbursement payment - Plus Therapeutics announced that it received a $4.6M payment from the U.S. Department of Health and Human Services / Office of the Assistant Secretary for Preparedness and Response / Biomedical Advanced Research and Development Authority to reimburse the Company for work performed during fiscal years 2012 through 2019, based on retrospective changes in indirect cost rates under Contract HHSO100201200008C dated September 27, 2012, as amended, by and between the Company and BARDA.
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GNUS BABA | Hot Stocks09:23 EDT Genius Brands CEO says 'more bullish than ever' on future of the company - Genius Brands International (GNUS) released a letter to shareholders from Chairman & CEO Andy Heyward. The letter read in part, "Yesterday, I had the privilege of announcing a transformational partnership between Genius Brands and the Alibaba Company (BABA), the largest market cap company of China. We held an investor conference call, and the news has since been reported widely and I would like to share and amplify upon that with you today, as well as other important events now occurring at Genius Brands. Alibaba and Genius Brands announced a partnership in which Alibaba will co-produce our upcoming tentpole series, Stan Lee's Superhero Kindergarten, starring Arnold Schwarzenegger. Alibaba will not only co-produce, but also distribute, promote, and do all the licensing of consumer products and merchandising in China...Coinciding with the launch of Stan Lee's Superhero Kindergarten, Arnold Schwarzenegger, will not only star and co-produce with Genius Brands and Alibaba Group, but also becomes a significant shareholder in Genius Brands through his equity participation in lieu of other compensation...We have always said that it takes 4-5 years to take a kids property from creation through development, production, broadcast, distribution, licensing, and then to the retail shelf. We are finally now arriving to that spot with our two tentpole properties, Rainbow Rangers and Llama Llama. Now, with the launch of Stan Lee's Superhero Kindergarten, and our transformational partnership announced today with Alibaba, we will soon have our third and largest global tentpole...Mindful of the above, in the last month, I made two additional investments personally in Genius one of $500,000 in Genius debt, and a subsequent one of $750,000 in common stock. These are in addition to the $2 million investment I made several months ago of a block of common stock above market at $3 per share. With the announcement of Alibaba today, and the recent rollout and news surrounding Rainbow Rangers and Llama Llama, I am more bullish than ever on the future of our company. I would like to thank our investors and shareholders who have been patient with the company during the ups and downs of our recent stock price. I have always said that the asset class of animation is a timeless value, which for those with patience, we believe will be richly rewarded."
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FDX | Hot Stocks09:22 EDT FedEx announces expansion of FedEx Freight Direct - FedEx Freight, a subsidiary of FedEx, announced the expansion of FedEx Freight Direct to more than 80% of the contiguous U.S. population following a pilot in select markets earlier this year. The new e-commerce solution offers delivery of bulky items such as furniture, TVs and exercise equipment by FedEx Freight team members into residences and businesses.
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ROKU AAPL | Hot Stocks09:20 EDT Apple TV app, Apple TV+ coming to Roku platform - Roku (ROKU) announced the Apple TV app (AAPL) is available on the Roku platform. "For the first time ever, Roku users can add the Apple TV app via the Roku Channel Store to discover and watch movies, TV shows and more, including accessing their iTunes video library and subscribing to Apple TV channels directly on Roku devices. Starting November 1, Apple TV+, Apple's home for all-original shows and movies from the world's greatest storytellers, will be available on the Apple TV app on the Roku platform."
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ABEO | Hot Stocks09:19 EDT Abeona announces publication of long-term data from Phase 1/2a trial of EB-101 - Abeona Therapeutics announced long term efficacy and safety results from its Phase 1/2a clinical trial evaluating EB-101, a gene-corrected cell therapy for recessive dystrophic epidermolysis bullosa. Treatment with EB-101 resulted in sustained wound healing with a favorable safety profile at three years post-treatment. These long-term follow-up data in seven RDEB participants with 42 treated wounds were published in the peer-reviewed journal JCI Insight. Key Study findings include: Wounds selected for treatment were present for a mean of 11.2 years. Three years after treatment with EB-101, a majority of RDEB patients had sustained wound healing, with 80% of wounds achieving 50% healing, and 70% achieving greater than or equal to75%. Two years after treatment, only 1 of 6 untreated, prospectively selected control wounds, had greater than or equal to50% healing. 50% or greater wound healing was associated with no pain and no itch at treated sites three years post-treatment, compared with presence of pain in 53% and itch in 61% of wound sites at baseline. EB-101 was associated with long-term molecular expression of type VII collagen protein, which plays an important role in anchoring the dermal and epidermal layers of the skin. No serious treatment-related adverse events were observed during the three-year observation period. No replication competent virus was present at any time point. Researchers from Stanford University School of Medicine conducted the Phase 1/2a single-center, open-label clinical trial to evaluate the long-term wound healing and safety of EB-101 in seven adult patients with severe generalized RDEB and to assess patient-reported outcomes following treatment. Chronic open wounds, defined as wounds present and unhealed for at least 12 weeks, with a total area of at least 100 cm2, were required for enrollment. In the trial, gene-corrected EB-101 skin grafts were transplanted onto six wound sites in each of the seven adult participants and wounds selected for treatment had been present for a mean of 11.2 years. Participants were followed for two to five years after transplantation of EB-101 and received standard of care therapies including iron supplementation and esophageal dilations during the study. Abeona is currently continuing preparations for the pivotal Phase 3 VIITALTM Study evaluating EB-101 for the treatment of RDEB pending the anticipated receipt of Chemical, Manufacturing and Controls clearance from the U.S. Food and Drug Administration expected in Q4 2019.
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TTEK | Hot Stocks09:18 EDT Tetra Tech awarded $85M DFID contract for LINKS program in Nigeria - Tetra Tech announced that the U.K. Department for International Development, or DFID, awarded the company an $85M, single-award contract for the Powering Economic Growth in Northern Nigeria, or LINKS, program. Under the seven-year LINKS program, Tetra Tech will assist DFID in identifying and supporting potential high-value markets in Nigeria. These markets may include renewable and off-grid energy solutions, waste management, and information and communications technology applications in the agricultural sector. With a rapidly growing population and high levels of poverty, northern Nigeria faces limited economic opportunity for its citizens and ongoing instability. The LINKS program aims to sustainably increase incomes and create jobs for Nigerians throughout the country. Increased investment is expected to raise the incomes of 3M people and support the creation of 100,000 full-time equivalent jobs. Tetra Tech will collect data, perform advanced analytics and conduct geospatial mapping throughout the life of the project. Tetra Tech researchers will evaluate new business models, technology, and other best practices to help improve economic performance and reduce overall transaction costs.
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G | Hot Stocks09:17 EDT Genpact announces definitive agreement to acquire Rightpoint - Genpact announced a definitive agreement to acquire Chicago-based Rightpoint, a premier digital consultancy with technology at its core. The deal is designed to bring experience and process innovation together to help clients drive end-to-end digital transformation and win in the growing experience economy. Rightpoint's co-founder Ross Freedman will continue as CEO of this business. Terms of the transaction are not disclosed. The acquisition is subject to customary closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Morgan Stanley & Co. acted as the exclusive financial advisor to Genpact. CG Petsky Prunier, part of the Canaccord Genuity Group, served as the exclusive financial advisor to Rightpoint.
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CMTL | Hot Stocks09:16 EDT Comtech awarded maximum $98.6M Army contract for SATCOM terminals - Comtech announced, that during Q1, its Mission-Critical Technologies group, was awarded a contract with a $98.6M ceiling to provide global field support services for military satellite communication, or SATCOM, terminals around the world. The contract has been initially funded at $22.2M with additional funding expected to occur across the performance period which is expected from award through twelve months, with a potential six month option period, if exercised by the government.
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LVGO | Hot Stocks09:13 EDT Livongo Health announced partnership with VSP Vision Care - Livongo Health announced a partnership with VSP Vision Care to expand outreach efforts to Members with diabetes. This partnership includes the opportunity for mutual clients to provide their employees with important reminders to schedule their annual comprehensive eye exam with a VSP network doctor. In addition, Livongo will now offer its Diabetes, Hypertension, and Behavioral Health solutions to VSP employees and their dependents.
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BAESY | Hot Stocks09:12 EDT BAE Systems awarded $437M Army task order to provide open source support - The U.S. Army has awarded BAE Systems a new $437M task order to provide open source support for the Army and Army Intelligence & Security Command, or INSCOM, approved partners. The task order was awarded under the U.S. General Services Administration's, or GSA, One Acquisition Solution for Integrated Services, or OASIS, multiple-award IDIQ contract and the acquisition was managed by GSA's Federal Systems Integration and Management Center on behalf of the Army. Under this task order, BAE Systems will deliver open source capabilities derived from publicly available data to the Army. To support this activity, the company will provide INSCOM with training, policy and governance recommendations, assessments and implementation of emerging capabilities. BAE Systems will also establish and manage a secure cloud hosting environment for these activities.
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GNBT | Hot Stocks09:12 EDT Generex announces merger for public trading of NuGenerex Immuno-Oncology - Generex Biotechnology announced a merger transaction with a public company that is DTC eligible and current with its SEC filings to serve as a vehicle for the quotation of the common stock of its subsidiary NuGenerex Immuno-Oncology as an independent, publicly traded company. Generex is in the process of finalizing its annual report on Form 10-K, which will be filed in the coming days. The Form 10-K will include the audited financial statements for the legal documentation and Super Form 8-K filing for the merger of NGIO with the public vehicle. We expect that NuGenerex Immuno-Oncology will be quoted on a public exchange by the end of November, and the 1:4 shareholder dividend that was paid to Generex shareholders in February 2019 will be converted into public shares shortly thereafter. Generex has positioned its wholly-owned cancer subsidiary NuGenerex Immuno-Oncology to be merged with the public company, thereby completing the company's go-public strategy to realize the value of the Ii-Key technology and AE37 immunotherapeutic vaccine program. NGIO is currently enrolling a Phase II trial to establish the recommended biologic dose for AE37 Peptide Vaccine in combination with Keytruda that will enhance the tumor-specific immune response and demonstrate efficacy in patients with advanced triple-negative breast cancer; the trial is currently screening and enrolling patients at multiple clinical research sites.
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ALSK | Hot Stocks09:10 EDT Alaska Communications appoints William Bishop as CEO - TeAlaska Communications board of directors has named William Bishop president and CEO. Bishop has served as Alaska Communications' interim CEO since June. He joined the company in 2004 and has served in several leadership roles, including senior vice president of customer and revenue management and chief operations officer. Bishop will also serve on the company's board.
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MRCY | Hot Stocks09:09 EDT Mercury Systems announces $15M capital investment in microelectronics business - Mercury Systems announced a $15M capital investment to expand its trusted custom microelectronics business, bringing cutting-edge commercial silicon technology to the Department of Defense. The technology is applicable to all defense platforms and programs and offers fast, affordable and secure and trusted chip-scale open system architecture (OSA) devices to accelerate future modernization efforts.
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SEEL | Hot Stocks09:06 EDT Seelos Therapeutics names Scott Applebaum lead strategic regulatory consultant - Seelos Therapeutics announced the addition of Scott Applebaum to its team as lead strategic regulatory consultant. Applebaum most recently served as President of privately-owned Context Therapeutics.
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ERIC | Hot Stocks09:05 EDT Ericsson and Xtreme Enterprises announce partnership - Ericsson and Xtreme Enterprises announce a strategic partnership for Ericsson to include its industry-leading Ericsson Radio System into Xtreme's network solution and service portfolio to support rural Wireless Internet Service Providers, or WISPs. With Ericsson equipment, WISPs will be able to reach more customers with higher speeds. Under the agreement, Xtreme will be offering Ericsson's high-performing Micro Radio 2208 for Citizens Broadband Radio Service.
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JNJ | Hot Stocks09:05 EDT Johnson & Johnson says 2,000 sites now certified to treat patients with Spravato - Says: Continues to invest in R&D at competitive levels... Expects higher levels of investment in Q4... Sees FY19 effective tax rate 18%-18.5%... Sees Pharmaceutical division delivering FY20 sales above market... Sees FY20 tax rate similar to FY19 level... Sees FX a headwind in FY20, but less than FY19.
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UNH... | Hot Stocks09:05 EDT Fly Intel: Pre-market Movers - UP AFTER EARNINGS: UnitedHealth (UNH), up 3%... JPMorgan (JPM), up 2%... Johnson & Johnson (JNJ), up 2%. ALSO HIGHER: Reata Pharmaceuticals (RETA), up 46% after announcing that the registrational Part 2 portion of the MOXIe Phase 2 trial of omaveloxolone in patients with Friedreich's ataxia met its primary endpoint of change in the modified Friedreich's Ataxia Rating Scale relative to placebo after 48 weeks of treatment... Ambarella (AMBA), up 6% after the company said it does not expect the Entity List Rule to have a significant impact on the company's current financial results and confirmed its previously issued guidance... AgroFresh (AGFS), up 19% after announcing the company was awarded a verdict of $31.1M in damages by a jury in its litigation against Decco Post-Harvest. and Decco's parent company, UPL Limited. DOWN AFTER EARNINGS: Goldman Sachs (GS), down 2%... Citi (C), down 1%. ALSO LOWER: SolarEdge (SEDG), down 3% after it was announced that the company is being replaced by Glu Mobile (GLUU) in the S&P 600 at open on October 18... Terex (TEX), down 5% after Citi analyst Timothy Thein downgraded the stock to Sell from Neutral with a price target of $24, down from $27.
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JPM | Hot Stocks09:04 EDT JPMorgan says U.S. deals driving 'healthy' investment banking pipeline for Q4
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GOGO | Hot Stocks09:04 EDT Gogo and JTA partner to bring Augmented reality to flights - Gogo and Japan Transocean Air, or JTA, a Japan Airlines group company, announced a partnership that brings Augmented Reality to all of JTA's flights. The Gogo in-cabin network enabled the AR program on JTA, launching this industry-milestone on mobile devices inflight, Oct. 1.
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PLCE | Hot Stocks09:04 EDT Children's Place announces Gymboree brand relaunch planned for early 2020 - The Children's Place announced that Gymboree will relaunch in early 2020 on an enhanced website, Gymboree.com, and in shop-in-shop locations in over 200 select The Children's Place stores in the U.S. and Canada. The online experience will also feature Gymboree's easy-to-use app, giving customers a convenient option to shop on their mobile devices by connecting them to the collections they love most. Additionally, all online purchases will now include a "Free Shipping, Free Returns, Everyday" policy, with no minimum purchase, further reinforcing Gymboree's commitment to its loyal customers. The Gymboree in-store shopping experience will launch in tandem with Gymboree.com with product offered in more than 200 The Children's Place stores in the U.S. and Canada. Gymboree will launch with collections that return the brand to its classic roots of playful, bow-to-toe offerings that celebrate childhood and help families look their best for any occasion. Collection themes will span across apparel and accessories, and will reinforce Gymboree's hallmark of letting kids be kids a little longer. New and classic themes will capture the spirit of imagination and come to life in vibrant color palettes, prints, textures, graphics and high-quality, durable fabrics. Gymboree will launch a new, enhanced loyalty program which will reward customers for every purchase. The new program will also provide members with special offers on their childrens' birthdays, exclusive access to bonus events and opportunities to earn extra points.
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BIOL | Hot Stocks09:02 EDT Biolase announces clearance for Waterlase dental lasers in Canada and U.S. - Biolase announced that Waterlase dental lasers received U.S. and Canada regulatory clearance for crown and veneer removal. This new indication allows dentists to remove crowns and veneers in less than five minutes using laser technology. Biolase is the only dental laser company with this clearance.
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LDL X | Hot Stocks09:02 EDT Lydall appoints Sara Greenstein as president, CEO - Lydall (LDL) announced that Sara Greenstein has been appointed president and CEO of Lydall, Inc., effective November 18, 2019. Greenstein will succeed Dale Barnhart, who will be retiring after more than 12 years of service with Lydall. Greenstein has been a senior executive of United States Steel Corporation (X).
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MKGI BA | Hot Stocks08:59 EDT Monaker Group appoints Tim Sikora as CIO - Monaker Group (MKGI) has appointed travel industry veteran, Tim Sikora, to the new position of chief information officer. Sikora will be responsible for managing all information technologies including the ongoing integrations of travel distributors with the company's Monaker Booking Engine, a customizable, instant-booking platform for alternative lodging and vacation rentals. He will manage the company's technical teams to drive platform development, innovation, and design at scale and speed of delivery for the benefit of all platform stakeholders. Sikora previously served as director of North America Sales at Boeing (BA).
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SOLO | Hot Stocks08:57 EDT ElectraMeccanica CEO says company stands 'at an inflection point' - ElectraMeccanica Vehicles Corporation has provided a corporate update through a video interview with company CEO, Paul Rivera, which was conducted last week and released yesterday by Proactive Investors. "We've continued our steadfast operational execution to bring the SOLO EV to market, a purpose built, trend-setting, single-seat EV that we believe will revolutionize commuting, delivery and shared mobility," said Paul Rivera, Chief Executive Officer of ElectraMeccanica. "Our company maintains a healthy financial position as evidenced by our $21.3 million in cash and cash equivalents in the second quarter as we continue to work closely with our strategic manufacturing partner and early investor, Zongshen Industrial Group, to bring the SOLO to market. Today, beyond the initial prototypes and Gen-1 SOLOs built in Canada, we've now produced the first pilot-production vehicles from our assembly operation in China. These have been undergoing extensive on-road validation testing throughout the US, Canada, and China. We're continuing to fine-tune various systems to ensure that we deliver our flagship vehicle to the market with the highest standards of safety, reliability and comfort. I've frequently said that the last 5% of this final stage of delivering a production vehicle is often the hardest; however, our entire team is moving rapidly to accomplish this goal. We will begin delivering our production SOLO's to early adopter customers in early 2020, strategically launching in the Los Angeles area first, followed by broader expansion into other West Coast markets. We stand at an inflection point as a company, moving from a great idea into commercial production. To support these initiatives, we've taken many strategic steps to enhance relationships with partners, bolster our team and ensure the vehicles we are delivering meet our high standards, which ultimately, will help support a much larger, more mature organization. We're also working to ensure a seamless and convenient customer experience. I look forward to providing future investor updates as we launch this category-defining vehicle and create sustainable, long-term value for our shareholders."
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CE | Hot Stocks08:56 EDT Celanese sues Anhui Jinhe Industrial for patent infringement - Celanese announced that it has filed a patent infringement lawsuit against a Chinese manufacturer of high-potency sweeteners, specifically Acesulfame Potassium, or Ace-K. The complaint alleges that Anhui Jinhe Industrial is infringing a Celanese patent by continuing to unlawfully manufacture, sell and use infringing Ace-K sweetener in China. The Celanese patent is directed to improved production processes for making its Sunett Ace-K sweetener. The patent alleged to be infringed is Chinese Patent CN 104411693B and the patent provides technology advantages to Celanese and its customers for the production and quality of Sunett Ace-K sweetener. With this patent, the technology advantages are recognized as exclusive to Celanese, thereby increasing the benefit to customers by ensuring the highest quality and reliability standards of its Sunett portfolio.
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JPM | Hot Stocks08:56 EDT JPMorgan says more optimistic on NII outlook now than in September
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JCP | Hot Stocks08:55 EDT J.C. Penney appoints Laurie Wilson as SVP, planning and allocation and pricing - J. C. Penney Company announced that Laurie Wilson will join the Company on Oct. 28 as senior vice president, planning and allocation and pricing, reporting to Michelle Wlazlo, executive vice president, chief merchant. Wilson replaces John Welling, who stepped down in August. Wilson joins JCPenney from LW Associates, a consulting practice focused on transformative strategies leveraging digital technology for retail and wholesale brands and solution providers, where she served as president and CEO.
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FTNW | Hot Stocks08:54 EDT FTE Networks consents to foreclosure, mulls business combination - FTE Networks announced that senior lender Lateral Investment Management took possession and ownership of FTE's principal subsidiary Benchmark Builders by means of a strict foreclosure citing certain events of default caused by certain judgements entered into by convertible note holders. As more fully described in the Company's Form 8-K filed with the Securities and Exchange Commission on October 11, 2019, the Company consented to this foreclosure proposal which provided for total debt relief equal to in aggregate more than $80M. This debt relief was an instrumental part of the Company's decision to agree to the proposed foreclosure terms as the Company was determined to be over leveraged.The Company has also received a term sheet concerning a proposed business combination transaction contemplating the contribution of a multi-billion dollar real estate asset portfolio in exchange for a combination of securities issued by the Company to be agreed upon by the asset contribution party. The Company has also been in discussions as to additional real estate assets to be contributed prior to the close of the business combination transaction or after. As part of the proposed transaction, the Company would also acquire a public non-traded REIT with a portfolio of commercial development assets, further to its strategy to both incorporate a REIT structure into the Company and to enter into the independent broker dealer channel alternative asset sector. In addition to the contribution of assets, the proposing company intends to bring an experienced management team to the Company. The total debt relief under the foreclosure proposal would increase to more than $108M if the proposed business combination is not consummated prior to December 31, 2019. The Company is in discussions with board candidates to replace three board members who resigned following the foreclosure proposal. As discussed in the Company's shareholder letter dated September 12, 2019, the Company has been expending significant efforts on many fronts to explore various strategic alternatives that would improve the Company's long-term financial health and operational effectiveness.
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DOGZ | Hot Stocks08:51 EDT Dogness International announces expansion into Australia - Dogness announced that its smart products are now available to consumers in Australia. Already available for purchase at JB Hi-Fi are Dogness's Smart Camera Feeder, App Feeder, and Smart Camera Treater. Additional partners that will distribute similar products in the coming weeks and months include an online retailer, a department store, a consumer electronics retailer, and a pet retailer.
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SCHW | Hot Stocks08:51 EDT Charles Schwab reports Q3 daily average revenue trades 395K, up 3% yoy - Reports Q3 core net new assets $56.6B, up 7% from last year. CFO Peter Crawford says: "Our preliminary Tier 1 Leverage Ratio ended the quarter at 7.3%, slightly above our operating objective of 6.75%-7.00%."
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JPM | Hot Stocks08:50 EDT JPMorgan CFO says expects to be in 3.5% G-SIB bucket by end of year
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CPTA | Hot Stocks08:49 EDT Capitala Finance appoints Kevin Koonts as CCO - Capitala Group announced the appointment of Kevin Koonts as the Chief Compliance Officer and Secretary of Capitala Finance Corp., effective October 8, 2019. Koonts, who currently serves as the Chief Accounting Officer and Treasurer of the Company, will remain in these roles in addition to his new duties as Chief Compliance Officer and Secretary. Koonts has served as the Chief Accounting Officer and Treasurer of the Company since February 2019.
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AMBA | Hot Stocks08:48 EDT Ambarella doesn't see significant financial impact from U.S. Entity List Rule - In a regulatory filing, Ambarella noted that on October 9, the Bureau of Industry and Security of the United States Department of Commerce published a final rule adding 28 Chinese entities, including several China-based IP security camera customers of Ambarella, to the Entity List. "While the Entity List Rule will negatively impact the company's ability to ship items subject to BIS regulations, including US-produced system-on-chip, or SoC, products to the listed entities, at this time, the company expects that it will continue to be able to ship foreign-produced products to the listed entities, including SoCs responsible for a majority of the company's current revenue with those newly listed entities as well as the company's recently introduced computer vision SoCs. Consequently, based on information known to the company at this time, the company does not expect the Entity List Rule to have a significant impact on the company's current financial results and confirms the guidance provided and discussed in the company's last earnings call on August 29," Ambarella stated in the filing.
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JPM WE | Hot Stocks08:48 EDT JPMorgan CFO says bank's exposure to WeWork 'not material in grand scheme' - JPMorgan (JPM) CFO Jennifer Piepzak says impact of WeWork (WE) in Q3 "was not material."
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TAOP | Hot Stocks08:48 EDT Taoping adds twelve companies to Taoping Alliance - Taoping announced that twelve companies have joined the Taoping Alliance to operate Taoping new media in twelve cities as our city partners. Since its establishment in May 2017, the number of Taoping Alliance members has increased to one hundred and sixty-five operating in 165 cities across twenty-six provinces out of thirty-four provincial level administrative units in China and three members overseas. The twelve new members are Lishui Taoping, Tongzhou Taoping, Rugao Taoping, Dafeng Taoping, Gaoyou Taoping, and Baoying Taoping, in Jiangsu Province, Tianmen Taoping, Jingshan Taoping, Songzi Taoping in Hubei Province, Liangshan Taoping, and Chengwu Taoping, in Shandong Province, and Putian Taoping in Fujian Province. The twelve companies are purchasing smart display screens from TAOP and are responsible for new media operations at Lishui District, Tongzhou District, Rugao County, Dafeng District, Gaoyou County, Baoying County, Tianmen Prefecture, Jingshan County, Songzi County, Liangshan County, Chengwu County, and Putian Prefecture respectively.
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HPJ | Hot Stocks08:44 EDT Highpower International announces ISS recommends stockholders to vote FOR - Highpower International announced that independent proxy advisory firm Institutional Shareholder Services, or ISS, has recommended that Highpower's stockholders vote FOR the proposal to adopt the Agreement and Plan of Merger, dated as of June 28 by and among HPJ Parent, HPJ Merger Sub, a Delaware corporation and a wholly-owned subsidiary of Parent, and the Company, which provides for the Company's acquisition by Parent through a merger of the Company with Merger Sub. Parent is an exempted company with limited liability incorporated under the laws of the Cayman Islands and formed for the benefit of a consortium consisting of Mr. Dang Yu Pan, the Company's Chairman and CEO and a stockholder of the Company, Wen Liang Li, a director and stockholder of the Company, Wen Wei Ma, a stockholder of the Company, and Essence International Capital Limited, a company incorporated in Hong Kong. The Highpower Special Meeting of Stockholders is scheduled to take place on October 29. Highpower urges stockholders to follow the recommendation of ISS by returning the previously mailed proxy/voting instruction card to vote FOR the adoption of the Merger Agreement.
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PFSW | Hot Stocks08:44 EDT Moleskine selects PFSweb for U.S. fulfillment services - PFSweb has been engaged by Moleskine to provide eCommerce fulfillment services in the United States. PFSweb's operations business unit, PFS, will support this multi-year contract, providing fulfillment services from its Memphis-based distribution center in support of Moleskine's direct-to-consumer channel.
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JPM | Hot Stocks08:44 EDT JPMorgan CFO says bank is 'well positioned' to outperform in any environment
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CSSE | Hot Stocks08:43 EDT Chicken Soup for the Soul launches Landmark Studio Group - Chicken Soup for the Soul Entertainment announced the launch of Landmark Studio Group in partnership with 30-year entertainment industry veteran, David Ozer. Landmark, which will be headquartered in New York with offices in Los Angeles, is a fully integrated entertainment company focused on ownership, development, and production of quality entertainment franchises. Ozer will serve as Landmark's chief executive officer. In addition to Chicken Soup for the Soul Entertainment, Cole Strategic Partners has committed funding to Landmark. Landmark will develop, produce, distribute and own all of the intellectual property it creates, building a valuable library. The studio will be independent, having the ability to sell its content to any network or platform, while also developing and producing original content for Chicken Soup for the Soul Entertainment's recently acquired Crackle, a leading ad-supported VOD network. Landmark will control all worldwide rights and will distribute through Chicken Soup for the Soul Entertainment's Screen Media division. As chief executive officer of the newly formed studio, Ozer will spearhead its content development and production operations.
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ONCS | Hot Stocks08:42 EDT OncoSec reports publication in Clinical Cancer Research describing TAVO as safe - OncoSec Medical announced the publication of new data in Clinical Cancer Research which highlighted TAVO, or intratumoral plasmid IL-12 with electroporation, as a safe, feasibility and clinically meaningful therapy in patients with Merkel cell carcinoma, or MCC, an aggressive form of skin cancer. "These data demonstrate that intratumoral delivery of plasmid interleukin-12 with electroporation as a monotherapy has the potential to have a durable impact on skin cancers such as Merkel cell carcinoma. I'm encouraged by these initial findings and believe that TAVO is a treatment approach that merits further exploration in MCC," commented Shailender Bhatia and lead investigator and author of the study.
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XPO | Hot Stocks08:41 EDT XPO Logistics expands fleet of alternative fuel vehicles - XPO Logistics has made a significant new investment in sustainability with the purchase of 100 Stralis Natural Power Euro VI tractors from IVECO. The new tractors will be dedicated to the company's less-than-truckload network in France, serving customers in the Greater Lyon and Paris areas and the South West and Northern regions. XPO's investment will expand its natural gas fleet in France to 170 tractors, with more than 20 additional LNG/CNG vehicles operating in the UK, Spain and Portugal.
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LPI | Hot Stocks08:40 EDT Laredo Petroleum raises FY19 total production guidance to 79 MBOE per day - Laredo Petroleum is announcing third-quarter oil and total production results that are above prior guidance. Additionally, Laredo is providing an update to the Company's 2019 operating plan and full-year 2019 production and free cash flow guidance, reflecting improving capital efficiency, which is primarily driven by reduced cycle times, well cost reductions and productivity improvements from wider-spaced development. Third-Quarter 2019 Highlights: Exceeded both oil and total production guidance for the quarter, producing 27.8 thousand barrels of oil per day and 81.9 thousand barrels of oil equivalent per day . Continued to reduce well costs through efficiencies and service cost reductions, lowering costs at the end of the quarter to $660 per lateral foot for Laredo's standard completion design. Reduced the outstanding balance on the Company's senior secured credit facility by $50M with internally generated cash flow, lowering the balance to $185M at September 30, 2019 Since the announcement of Laredo's operating plan in May 2019, the Company's execution of the plan has exceeded expectations and accelerated early 2020 activity into 2019. The 52 gross completions that were planned for full-year 2019 are now expected to be finished by the end of October as the Company has further reduced cycle times. Return expectations for 2019 continue to improve as well costs have decreased, improving well-level returns by approximately 5%, and well results confirm the Company's type curve for wider spaced development. Driven by these improving fundamentals, production guidance for full-year 2019 has been raised to 28.1 MBOPD for oil and to 79.0 MBOE per day for total production, and anticipated cash flow in 2019 has increased by $65 million from expectations in May. Reflecting the improving capital efficiency and cash flows, Laredo now believes it will deliver $40M of free cash flow in 2019 while maintaining its dedicated completions crew for the remainder of 2019. Operating the Company's dedicated completions crew for the remainder of 2019 increases anticipated completions to 58 gross wells in 2019. Laredo now expects to invest $490M in 2019, comprised of $425M for drilling and completion activities and $65 million for production facilities, land and other capitalized costs. The additional activity in 2019 is anticipated to positively impact oil production and cash flows in 2020 and 2021. By maintaining operational momentum through 2019, the Company now expects to be cash flow positive in both 2020 and 2021 and grow oil production each year from the estimated higher updated full-year 2019 oil production base. Laredo believes that its robust 2020 oil hedge position, covering approximately 75% of forecasted oil production at a weighted-average floor price of $58.79 per barrel, significantly reduces the impact of oil price declines and helps to ensure the Company's cash flow projections.
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BOXL | Hot Stocks08:39 EDT Boxlight announces national reseller agreement with Sussman Education - Boxlight announced a national reseller agreement with Sussman Education, a New York City-based provider of K-12 education materials. Sussman Education represents a group of education technology providers and publishers in the New York tri-state area and several U.S. markets. The partnership allows Boxlight to leverage Sussman's expertise, reach and relationships towards furthering Boxlight's goal for improving student learning. As of October 1, the company will sell Boxlight products to schools and districts seeking classroom technologies that help students learn more effectively and develop the essential skills they need for success.
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GILD | Hot Stocks08:38 EDT Gilead appoints Andrew Dickinson as CFO - Gilead Sciences announced that Andrew Dickinson has been appointed CFO, effective November 1. Dickinson currently serves as the company's Executive Vice President, Corporate Development and Strategy, and in his new role he will continue to be a member of the senior leadership team, reporting to Daniel O'Day, Chairman and CEO.
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SYF | Hot Stocks08:38 EDT Synchrony reports September net charge offs 3.84% vs. 3.90% last month - Reports September 30-plus day delinquencies 2.77% vs. 2.58% last month.
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JNJ | Hot Stocks08:37 EDT Johnson & Johnson says fundamentals of business remain strong - Says: Particularly pleased with regulatory approvals and submissions... Medical Device business continues to accelerate growth. Comments taken from Q3 earnings conference call.
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CVM | Hot Stocks08:34 EDT CEL-SCI announces IDMC recommendation for Phase 3 Multikine study - CEL-SCI announced that the Independent Data Monitoring Committee, or IDMC, for the company's Phase 3 head and neck cancer study of its investigational immunotherapy Multikine has completed its recent review of the Phase 3 study data. The IDMC meets periodically to review the safety and efficacy of the ongoing Phase 3 study. The data from all 928 enrolled patients were provided to the IDMC by the clinical research organization responsible for data management of this Phase 3 study. At the most recent IDMC meeting in October the IDMC reviewed "progression free and overall survival and limited demographic and safety data available for the aforementioned protocol." The IDMC recommendation "is to continue the trial until the appropriate number of events has occurred".
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JPM | Hot Stocks08:34 EDT JPMorgan CFO says doesn't see signs of broad-based deterioration in portfolio - CFO Jennifer Piepszak says does not see any signs of broad-based deterioration across portfolios, both Consumer and Wholesale. Comments taken from Q3 earnings conference call.
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AMC AMCX | Hot Stocks08:32 EDT AMC Entertainment launches AMC Theaters On Demand - AMC Entertainment (AMC) announced that the company is extending its business into the home. Beginning immediately, AMC Stubs members in the United States can rent or buy approximately 2,000 digital movies from Hollywood studios at AMCTheatres.com as well as on the AMC Theaters mobile, connected devices and SmartTV applications. AMC has agreements with "every major Hollywood studio" to make selections of their movies available for digital rental and purchase, including both new release and catalogue movies. New releases will become available on AMC Theaters On Demand the same time they are available digitally nationwide, following the traditional theatrical window set by each studio for each movie. As part of a first-ever cross-platform marketing partnership between AMC Theaters and AMC Networks (AMCX), AMC Stubs members will also be able to find movies from AMC Networks' IFC Films and RLJE Films catalogues on the AMC Theaters On Demand platform beginning in late 2019. Through the partnership, AMC Theaters will also promote AMC Networks' targeted streaming services Acorn TV, Shudder, Sundance Now and UMC directly to moviegoers, including more than 20M AMC Stubs households.
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TRPX | Hot Stocks08:31 EDT Therapix Biosciences announces results in its pre-clinical study of THX-210 - Therapix Biosciences announced positive results in its pre-clinical study evaluating THX-210, a proprietary novel pharmaceutical preparation containing non-psychoactive cannabinoid cannabidiol (CBD) and palmitoylethanolamide, or PEA. This study is consistent with Therapix's pipeline to develop cannabinoid based therapies. THX-210 is intended for the treatment of epilepsy, as well as inflammatory conditions. The study consisted of in vitro tests which examined potential synergy between CBD and PEA. The study was performed in hepatocytes model of fat accumulation, where each compound was tested in a range of concentrations. In these tests, PEA had shown no effect of its own, while the effect of CBD was enhanced by the addition of PEA, lowering the required effective concentration of CBD. Thus, THX-210 has demonstrated superior efficacy as compared to the effect of CBD alone.
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RLMD | Hot Stocks08:30 EDT Relmada Therapeutics Inc trading resumes
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XGN | Hot Stocks08:28 EDT Exagen announces publication of two studies of AVISE Lupus - Exagen announced the publication of two key studies. Collectively, the studies further validate that the information contained in the AVISE Lupus test positively impacts physician clinical decision-making and demonstrated the patented test and algorithm helped predict those patients with early signs of systemic lupus erythematous that are likely to transition to classifiable SLE according to American College of Rheumatology criteria. The CARE for Lupus Clinical Utility study, a randomized, prospective, multi-site trial to assess the clinical utility of multianalyte assay panel with complement activation products for the diagnosis of SLE, was published in Lupus Science & Medicine. The prospective study shows results of 145 patients with a positive anti-nuclear antibody test referred to a Rheumatologist for the suspicion of a connective tissue disease. Patients were randomized to investigators from 32 academic and community sites which compared the use of the AVISE Lupus test to standard diagnosis laboratory testing The results showed a statistically significant difference in the physician reported likelihood of SLE in the AVISE Lupus arm compared to the SDLT alone. In addition, for those patients who had a positive AVISE Lupus test result, the physicians were more likely to initiate therapy for SLE, specifically prednisone. The CLASS Clinical Validation study, Complement activation occurs in patients with probable systemic lupus erythematosus and may predict progression to ACR classified SLE, was published in Arthritis & Rheumatology. This second clinical validation study included a total of 246 subjects including 92 probable SLE patients and showed that more pSLE were positive for CB-CAPs or AVISE Lupus than for low complement at the enrollment visit. In pSLE, an AVISE Lupus index value of greater than 0.8 at enrollment predicted fulfillment of a fourth ACR criterion within 18 months.
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LMT | Hot Stocks08:24 EDT Lockheed Martin awarded $40.6M contract to produce M-TURs - The U.S. Army recently awarded Lockheed Martin a $40.6M contract to produce Modernized Turrets, or M-TUR, for the AH-64E Apache helicopter, an upgrade to the Modernized Target Acquisition Designation Sight and Pilot Night Vision Sensor system, or M-TADS/PNVS, with enhanced operational and performance capabilities.
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ZIOP AGIO | Hot Stocks08:24 EDT Ziopharm appoints Chris Bowden to board of directors - Ziopharm Oncology (ZIOP) announced that Chris Bowden, M.D., has been appointed to the company's Board of Directors. Bowden is the CMO of Agios Pharmaceuticals (AGIO).
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WPG | Hot Stocks08:22 EDT Washington Prime announces refinancing of four open air assets - Washington Prime Group provided an update on previously announced strategic transactions, demonstrating continued ability to access capital to reduce corporate debt and satisfy ongoing redevelopment efforts. In addition to approximately $68.1 million of net loan proceeds raised during the third quarter of 2019 from the refinancing of four open air assets, Washington Prime Group received approximately $42.4 million of net proceeds from the sale leaseback transaction during the fourth quarter of 2019. On September 16, 2019, the Company repaid the $47.6 million mortgage loan previously secured by four open air assets, which was scheduled to mature on October 16, 2019 at a fixed rate of 7.5%. Simultaneously, the Company closed on a new $117.0 million loan secured by the same four assets. The interest-only loan bears interest at a fixed rate of 3.67%. The loan will mature on October 1, 2029. The open air assets are: Forest Plaza located in Rockford, Illinois; Lakeline Plaza, located in Cedar Park, Texas; Muncie Towne Plaza, located in Muncie, Indiana; and White Oaks Plaza, located in Springfield, Illinois. The Company completed the sale and leaseback of four enclosed assets. Under the master ground lease agreement, an affiliate of Kawa Capital Partners, in conjunction with Perennial Fee Investors, has acquired a fee interest in the land at the Properties for a price of $98.9 million. The Company received approximately $42.4 million in proceeds upon closing, net of $55.0 million in bridge financing provided by the Company and closing costs. The bridge financing has a maximum five-year term, which can be pre-paid without penalty, at an interest rate of 4.00%. The Company's property-level affiliates entered into a new 99-year master ground lease for a leasehold interest in the land at the Properties. The respective Lessees retained the fee interest in the improvements and development rights. The master ground lease includes fixed annual payments to Lessor at an initial annualized rate of 7.4% and contains annual rent escalators over the term. The agreement includes an option for the Lessees to repurchase the fee interest in the land at a fixed price in year 30 of the master ground lease. If the Lessees do not exercise this option, then Lessor will retain the fee interest in the land, and the fee interest in the improvements and development rights will transfer to Lessor at the end of the 99-year ground lease term.
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HTGM | Hot Stocks08:16 EDT HTG Molecular announces launch of autoimmune profiling assay - HTG Molecular Diagnostics announced it will begin taking orders for its new 2,002-gene HTG EdgeSeq Autoimmune Panel, which is expected to be commercially available for purchase in kit form or as a service in HTG's VERI/O laboratory at the end of October 2019. The HTG EdgeSeq Autoimmune Panel provides a comprehensive look into immune system dysfunction, discovery of new biomarkers and the discovery of predictive signatures of drug response in the autoimmune space. The panel is designed to address many questions around autoimmune disorders, which are chronic and often difficult to accurately diagnose.
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BPTH | Hot Stocks08:11 EDT Bio-Path Holdings appoints Martina Molsbergen to board of directors - Bio-Path Holdings announces the appointment of Martina Molsbergen, CEO of C14 Consulting, to its Board of Directors, effective as of October 11, 2019. Molsbergen replaced Mark Colonnese, who stepped down from the Board of Directors on October 10, 2019.
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SNY | Hot Stocks08:11 EDT Sanofi opens new digital manufacturing facility in Framingham, MA - Sanofi celebrates the inauguration of its new digital manufacturing facility in Framingham, Massachusetts, marking one of the world's first digital facilities using intensified, continuous biologics production technology. The new facility features leading-edge technology that connects the production process with research and development, paving the way for improved commercialization of important new medicines for patients. This facility accelerates the recent transformation of Sanofi's Industrial Affairs organization to focus on biologics-based therapies, in line with the transformation of the company's R&D pipeline. The ramping up of bio-pharmaceutical production capacities is a key pillar to achieving Sanofi's ambition to establish the gold standard in the bio-pharmaceutical industry.
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SOLY | Hot Stocks08:11 EDT Soliton announces grant of new patents related to Rapid Acoustic Pulse device - Soliton announced that the Taiwan Intellectual Property Office had issued our patent entitled, "Taiwan Divisional Patent Application No. 107115437 from TW101125235; Entitled 'APPARATUS AND METHOD FOR GENERATING THERAPEUTIC SHOCKWAVES AND LASER LIGHT'" by Dr. Christopher C. Capelli et al. Additionally, the Japanese Patent Office issued our patent entitiled, "Japanese Divisional Patent Application No. 2018-008760 from JP 2015-561713 and PCT/US2014/021746; In the name of Soliton, Inc. and the Board of Regents of the University of Texas System; 'RAPID PULSE ELECTROHYDRAULIC SHOCKWAVE GENERATOR'" by Dr. Christopher C. Capelli et al. Dr. Chris Capelli, CEO of Soliton, said, "We now have 8 patent families and over 60 issued or pending patents for our Rapid Acoustic Pulse, or 'RAP' device. Extending our broad patent portfolio to key international markets has been an important part of our IP strategy. We are pleased to see the patent offices in Japan and Taiwan validate our intellectual property through the issuance of these patents."
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CLRB | Hot Stocks08:10 EDT Cellectar Biosciences presents data on PLE molecules in tumors - Cellectar Biosciences announced Jarrod Longcor, chief business officer of Cellectar, presented a poster at the Cancer Research UK-AACR Joint Conference on Engineering and Physical Sciences in Oncology, being held from October 15 - 17, 2019 in London, United Kingdom. The poster, entitled: "Phospholipid ether delivery vehicle shows specificity for a broad range of tumor cells and provides a novel and improved approach for targeted therapy," featured data demonstrating that phospholipid ether drug conjugates were capable of delivering small molecule cytotoxins selectively to tumor cells and were well tolerated in animal models. In the data presented, all animals exposed to a single infusion of the payload alone died, while all animals receiving multiple doses with the PDCs survived with no adverse effects observed at all dose levels tested. Additionally, PDCs showed rapid uptake and release of 20% to 40% of the conjugate and payload in a wide range of tumor cells. The PDCs also demonstrated potent activity against the tumor cells with inhibitory concentrations in the low nanomolar range.
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MDRX | Hot Stocks08:09 EDT Allscripts Sunrise inpatient platform extends partnership with Northwell Health - Allscripts announced that Northwell Health has extended its engagement with the comprehensive Allscripts Sunrise inpatient platform through December 2027. Sunrise is currently in use at 19 Northwell hospitals. Northwell Healt, New York State's largest health system, which has been live on Sunrise since 2005, continues to expand the platform's use as additional Northwell Health facilities come on board. The health system previously extended its Allscripts TouchWorks EHR agreement in 2018.
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WFC | Hot Stocks08:08 EDT Wells Fargo interim CEO says 'continued to make progress on top priorities' - Interim CEO Allen Parker said, "We continued to make progress on our top priorities during Q3, and we're all looking forward to Charlie Scharf's joining Wells Fargo on October 21 as the company's CEO and President. It's been an honor for me to serve as the interim CEO over the past six months, and I want to thank both our management team and all our team members for their hard work during this period of transition. Our continued efforts to transform Wells Fargo and our unwavering commitment to serve our customers resulted during the third quarter in higher branch customer experience survey scores, growth in primary consumer checking customers, and increased loan and deposit balances. We have more work ahead, but I'm confident that our focused efforts and the fundamental strengths of Wells Fargo will continue to enable us to achieve success."
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PLD | Hot Stocks08:08 EDT Prologis reports cash Same Store NOI up 4.3% from last year
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ABM | Hot Stocks08:08 EDT ABM awarded integrated facilities contract with Cassia County school district - ABM was recently awarded a contract to provide integrated facilities services for Cassia County Joint School District 151 in Idaho.
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GNMX | Hot Stocks08:07 EDT Aevi Genomics Medicine receives positive Nasdaq listing determination - Aevi Genomic Medicine announced that the Nasdaq Hearings Panel has agreed to the transfer of the company's shares to the Nasdaq Capital Market effective at the open of business on October 15, and granted the company until February 3, 2020 to gain and evidence compliance of the Nasdaq Capital Market continued listing requirements.
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IMMP | Hot Stocks08:07 EDT Immutep reports efficacy data for TACTI-mel Phase 1 clinical study - Immutep Limited announced mature positive efficacy data from its TACTI-mel Phase I clinical study combining its lead product candidate, eftilagimod alpha with KEYTRUDA in metastatic melanoma. TACTI-mel evaluated the combination of efti with anti-PD-1 therapy KEYTRUDA in 24 patients with unresectable or metastatic melanoma. Patients participating in the trial had a very late stage of disease: 75% classified as M1c, 67% had lung metastasis, 50% had liver metastasis, 50% had elevated LDH and many had either a suboptimal response or disease progression with pembrolizumab treatment as a monotherapy. All patients received subcutaneous injections of efti every two weeks, with a treatment duration of up to either six or 12 months. TACTI-mel is a multi-centre, open label clinical trial involving four cohorts of six patients per cohort: Part A includes the first three cohorts testing different dosages of efti in combination with pembrolizumab, with efti treatment given for six months only and commencing at cycle five of pembrolizumab treatment. Part B includes the remaining cohort testing a 30mg dosage of efti given for 12 months in combination with pembrolizumab, starting at cycle 1, day 1 of pembrolizumab treatment. The primary endpoint of the trial is safety and tolerability, with the outcome to determine the recommended dose for a Phase II trial. The trial also evaluated efficacy through Overall Response Rate, tumour shrinkage and Disease Control Rate. Efti has a favourable safety profile in combination with pembrolizumab with no dose-limiting toxicities. The recommended dosage level for a Phase II trial is 30mg of efti, which is the dosage level currently used in the ongoing TACTI-002 Phase II trial. Deep and durable responses have been observed.
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CMG | Hot Stocks08:06 EDT Chipotle announces debt-free degrees for all employees - Chipotle Mexican Grill announced that it will provide the opportunity for all eligible employees, including crew members, to pursue a debt-free college degree through an expansion of the Chipotle Cultivate Education benefits program. "This enhancement continues our commitment to education, providing employees with over $20 million in tuition assistance over the past two years." Chipotle is covering 100% of tuition costs up front for 75 different types of business and technology degrees through their partnership with Guild Education, one of the leading education benefits companies in the country. Chipotle is adding this opportunity to obtain debt-free degrees to its education benefits program to give employees the chance to gain the skills and knowledge necessary to succeed in the evolving 21st century job market. After 120 days of employment, employees are eligible to pursue degrees from leading nonprofit, accredited universities, including The University of Arizona, Bellevue University, Brandman University, Southern New Hampshire University, and Wilmington University.
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C | Hot Stocks08:06 EDT Citi reports Q3 CET1 capital ratio 11.6%, RoTCE 12.2%
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C | Hot Stocks08:05 EDT Citi reports Q3-end book value per share $81.02 - Citigroup's book value per share of $81.02 and tangible book value per share of $69.03, both as of quarter end, increased 11% and 12%, respectively, versus the prior year, driven by higher net income and reduced share count. At quarter end, Citigroup's CET1 Capital ratio was 11.6%, down from the prior quarter, as net income was offset by common share repurchases and dividends, along with an increase in risk-weighted assets. Citigroup's SLR for the third quarter 2019 was 6.3%, a decrease from the prior quarter. During the quarter, Citigroup repurchased 76 million common shares and returned a total of $6.3 billion to common shareholders in the form of common share repurchases and dividends.
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C | Hot Stocks08:05 EDT Citi reports Q3 global consumer banking revenue $8.66B - Reports Q3 institutional clients group revenue $9.51B.
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PHAS | Hot Stocks08:04 EDT PhaseBio announces first patient dosed in Phase 2b clinical trial of PB2452 - PhaseBio Pharmaceuticals announced that the first patient has been dosed in a Phase 2b clinical trial of PB2452, a novel, recombinant, human monoclonal antibody antigen-binding fragment designed to reverse the antiplatelet activity of ticagrelor in major bleeding and urgent surgery situations. The Phase 2b multi-center, randomized, double-blind, placebo-controlled trial is designed to evaluate the safety and efficacy of PB2452 in reversing the antiplatelet effects of ticagrelor as part of a dual antiplatelet regimen including low-dose aspirin. Additionally, the Phase 2b trial marks the beginning of United States Food and Drug Administration- aligned registrational trials to support the submission of a Biologics License Application for potential accelerated approval of PB2452. Approximately 200 older and elderly subjects are expected to be enrolled, resembling the patient population most likely to be treated with ticagrelor and potentially benefit from PB2452, if approved. Subjects will be randomized in a ratio of 3:1 and will receive either PB2452 or placebo, with approximately 150 subjects receiving PB2452. The primary endpoint of the trial is reversal of the antiplatelet effects of ticagrelor with intravenous infusion of PB2452 or placebo, as measured by the VerifyNow PRUTest biomarker. PhaseBio recently completed a Phase 2a trial in which PB2452 achieved immediate and sustained reversal of the antiplatelet effects of ticagrelor in older and elderly subjects on dual antiplatelet therapy of ticagrelor and low-dose aspirin. PB2452 was generally well tolerated, with only minor adverse events reported. These results are consistent with the results observed in healthy younger subjects treated with ticagrelor in the previously published Phase 1 trial. Additionally, the Phase 2a trial investigated a PB2452 regimen for the reversal of supratherapeutic doses of ticagrelor in healthy younger subjects, which demonstrated immediate and sustained reversal of the antiplatelet effects of ticagrelor and was well tolerated, consistent with the earlier cohorts in the Phase 2a trial and the Phase 1 trial.
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C | Hot Stocks08:04 EDT Citi CEO says 'on track' to return over $60B of capital over 3-year period - "Consistent with the commitment we made in 2017, we remain on track to return more than $60 billion of capital to our shareholders over a three-year period which ends next year. Buybacks have lowered our common shares outstanding by 259 million shares, or 11%, in the last year alone. When combined with 6% growth in net income, they have also helped drive our Tangible Book Value per share up 12% over the same amount of time," CEO Mike Corbat concluded.
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ABT TNDM | Hot Stocks08:04 EDT Abbott, Tandem Diabetes to partner on integrated diabetes solutions - Abbott (ABT) and Tandem Diabetes Care (TNDM) announced that they intend to develop and commercialize integrated diabetes solutions that combine Abbott's world-leading glucose sensing technology with Tandem's innovative insulin delivery systems to provide more options for people to manage their diabetes.
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C | Hot Stocks08:03 EDT Citi CEO says delivering on strategy of improving shareholder returns - Citi CEO Michael Corbat said, "Despite an unpredictable environment throughout the quarter, we continue to deliver on our strategy of improving shareholder returns through consistent, client-led growth while also executing against our capital plan. Our Global Consumer Banking franchise performed well in the quarter, showing solid underlying revenue growth of 4% and an EBT increase of 17%. In the US, Branded Cards increased revenues by 11% and we saw continued deposit momentum through both digital and traditional channels. Our Institutional Clients Group also had balanced performance, with solid results in both the market-sensitive and accrual-type businesses. The backbone of our leading global network, Treasury and Trade Solutions, had strong revenue growth of 7% in constant dollars."
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RLMD | Hot Stocks08:03 EDT Relmada Therapeutics repors data from REL-1017-202 Phase 2 clinical study - Relmada Therapeutics reported top-line data from REL-1017-202, a double-blind, placebo-controlled Phase 2 clinical study evaluating the safety, tolerability and efficacy of two doses of REL-1017, 25 mg once a day and 50 mg once a day, as an adjunctive treatment in patients with treatment resistant depression. Subjects were adults with major depressive disorder (MDD) who did not respond to one to three courses of antidepressant treatment in their current episode. 62 subjects, average age 49.2 years, with an average Hamilton Depression Rating Scale score of 25.3 and an average Montgomery-Asberg Depression Rating Scale score of 34.0 (severe depression), were randomized. Other demographic characteristics were balanced across all arms. After an initial screening period, subjects were randomized to one of three arms: placebo, REL-1017 25 mg or REL-1017 50 mg, in addition to stable background antidepressant therapy. Subjects in the REL-1017 treatment arms received one loading dose of either 75 mg or 100 mg of REL-1017. 61 subjects received all treatment doses and were included in the per-protocol population treatment analysis; 57 subjects completed all visits. All 62 randomized subjects were part of the intention-to-treat population, or ITT, analysis. No differences were observed between the ITT and PPP analyses and results.
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C | Hot Stocks08:03 EDT Citi CEO notes 'unpredictable environment' throughout Q3
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BSGM | Hot Stocks07:58 EDT BioSig Technologies opens technology development office in Minnesota - BioSig Technologies announced that the Company is opening a new technology development office at Discovery Square, a 16 block sub-district built in collaboration with Mayo Clinic in Rochester, Minnesota. Discovery Square life science hub forms a part of Destination Medical Center, a unique 20-year economic development initiative in Rochester, MN. Started in 2013, the DMC Initiative serves as a public-private partnership, combining private development by Mayo Clinic and other developers, as well as public funding from the City of Rochester, Olmsted County, and the State of Minnesota to facilitate and support public infrastructure.
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RLMD | Hot Stocks07:55 EDT Relmada Therapeutics Inc trading halted, news pending
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JEC | Hot Stocks07:47 EDT Jacobs Engineering awarded contract to work at Tyndall Air Force Base - Jacobs was awarded a contract to develop the program requirements and standards that will transform Tyndall Air Force Base, or AFB, into a visionary Installation of the Future, or IotF. Jacobs is contracted as a subconsultant to KBR to support and advance the redevelopment of Tyndall Air Force Base. The objectives of reconstruction are to restore the full operational capability of the installation to serve as the prototype for future IotF's. Tyndall AFB located 12 miles east of Panama City, Florida, sustained a direct hit from Category 5 Hurricane Michael, one of the strongest hurricanes to hit the U.S. in more than 25 years. The devastating storm inflicted immeasurable, lasting damage across the region and resulted in significant damage and destruction across the installation. At Tyndall AFB, Jacobs has transitioned the master planning effort into zone development plans and completed 42 program requirements packages which comprise the $2.8B Military Construction Program funding request to the U.S. Congress. Additionally, Jacobs is tasked with updating the installation's facility standards to be consistent with IotF requirements, developing a master program schedule, conducting analysis for delivery methods and preparing reoccurring risk and opportunity planning in support of the Project Management Office's efforts.
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AZRX | Hot Stocks07:40 EDT AzurRx BioPharma announces first patients dosed in MS1819-SD clinical trial - AzurRx BioPharma announced that it has dosed the first patients in its Phase 2 clinical trial to investigate MS1819-SD in combination with standard porcine enzyme replacement therapy for patients with cystic fibrosis who suffer from severe exocrine pancreatic insufficiency. This subset of CF patients experiences clinical symptoms of fat malabsorption, despite taking the maximum daily dose of PERTs. The Phase 2 multi-center study is designed to investigate the safety, tolerability and efficacy of escalating doses of MS1819-SD, which is a yeast-derived lipase, in conjunction with a stable dose of porcine PERTs, in order to increase the coefficient of fat absorption and relieve abdominal symptoms. A combination therapy of PERT and MS1819-SD has the potential to: correct macronutrient and micronutrient maldigestion; eliminate abdominal symptoms attributable to maldigestion; and sustain optimal nutritional status on a normal diet in CF patients with severe EPI. Planned enrollment is expected to include approximately 24 CF patients with severe EPI, with study completion anticipated in 2020.
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IBM | Hot Stocks07:38 EDT Premier Health, IBM Canada collaborate for virtual medical office assistant - Premier Health Group announced it is working with IBM to help build and integrate Watson AI into its patient centric telemedicine app. Watson is IBM's suite of enterprise-ready AI services, applications, and tooling. The companies would like to develop a solution in which IBM can help build and integrate Watson Assistant as a virtual Medical Office Assistant for Premier's 4600 healthcare professionals servicing 3 million patients. It will initially focus on building conversational interfaces that will allow patients to interact with their medical office while enabling office staff to spend less time on the phone. As Premier Health continues on its patient-centric healthcare transformation, the company plans to further develop and expand its platform using analytics and AI capabilities from IBM Watson.
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VFF | Hot Stocks07:36 EDT Pure Sunfarms advised it would receive dispute notice from Emerald Health - Village Farms International announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms, was advised by Emerald that it would be receiving a dispute notice from Emerald Health Therapeutics in respect of certain amounts for which Pure Sunfarms has invoiced Emerald under the Supply Agreement. The wholesale market price for cannabis in the markets where the Joint Venture sells its production has declined during the three months ended September 30 resulting in lower margins realized by the Joint Venture for its production as compared to the three months ended June 30. Where Emerald has not exercised its right, either in whole or in part, under a supply agreement between Emerald and the Joint Venture to purchase 40% of the Joint Venture's cannabis production, the Joint Venture has sold some of that excess production in the spot market at prices lower than the predetermined selling price to Emerald under the Supply Agreement. As at the date hereof, the Joint Venture has advised the Company that Emerald currently owes the Joint Venture approximately $7M of Price Deficiency Obligations, and Emerald has advised the Joint Venture that it does not agree with the Joint Venture's position and that it believes it is not responsible for any Price Deficiency Obligations under the Supply Agreement. For greater certainty, the Company is not a party to the Supply Agreement and any amounts owing thereunder are payable to the Joint Venture.
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KURA | Hot Stocks07:35 EDT Kura Oncology board expands to seven with appointment of Diane Parks - Kura Oncology announced the appointment of veteran commercial executive Diane Parks to its board of directors. The addition of Parks expands Kura's board to seven members, six of whom are independent. Most recently, Parks served as SVP, Head of U.S. Commercial for Kite Pharma.
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REED | Hot Stocks07:33 EDT Reed's, Full Sail Brewing partner to launch Craft Ginger Mules - Reed's and Full Sail Brewing announced entry into agreements for the development, marketing and distribution of ready-to-drink Reed's Craft Ginger Mules, which come in two flavors: Classic and Zero Sugar. These new products will deliver to consumers authentic Craft Ginger Mules made with real, quality ingredients in convenient, take-anywhere cans.
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STLHF | Hot Stocks07:32 EDT Standard Lithium completes fabrication of final modules of 'LiSTR' plant - Standard Lithium announced that the final modules of the Company's "LiSTR" direct lithium extraction Demonstration Plant have been transported to and are currently being installed at Lanxess' South Plant facility in southern Arkansas. Fabrication and initial QA/QC testing of the final Phase 3 Modules of the Demonstration Plant was completed in early October, and the modules were separated and shipped to the Site. The Phase 3 modules have now arrived at the Site and are in the process of being installed and connected. Once all the modules are installed, the project engineers and contractors will continue connecting and testing all the modules and installing the tie-ins to utilities and services. The commissioning process is scheduled to begin in November.
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CGC | Hot Stocks07:31 EDT Canopy Growth sells 42M shares in Australian Cannabis for $6.3M - Canopy Growth has sold its 42,087,639 shares in Australian cannabis company AusCann Group Holdings, or AusCann, via an off market block trade at 15c per share for gross proceeds of $6.3M. The trade was facilitated by Canaccord Australia. The sale represents Canopy Growth's total 13.2% interest in AusCann. Marcel Bonn-Miller, Canopy Growth's Global Senior Director of Clinical Science, will continue to sit on the AusCann Board of Directors to facilitate future collaboration.
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PRNB | Hot Stocks07:30 EDT Principia Biopharma announces preliminary data of Phase 1/2 trial of PRN1008 - Principia Biopharma announced preliminary data from an ongoing Phase 1/2 trial of its investigational treatment, PRN1008, in a highly treatment-resistant and refractory patient population with immune thrombocytopenia. Further updated data from the trial will be presented at an oral scientific session at the 61st American Society of Hematology Annual Meeting in December. To date, the Phase 1/2 trial of PRN1008 has enrolled 26 adult patients who have had two platelet counts less than 30,000/microL within 15 days prior to treatment. Oral PRN1008 starting doses were 200mg once daily, 400mg once daily, 300mg twice daily, and 400mg twice daily, with intra-patient dose escalation allowed every four weeks, with the trial having a current median treatment duration of 12.7 weeks. Of the 26 patients enrolled to date, 39 percent achieved the trial's primary endpoint of greater than or equal to 2 consecutive platelet counts of greater than or equal to 50,000/microL, separated by at least five days, and increased by greater than or equal to 20,000/microL from baseline without requiring rescue medication. In addition, 46 percent of enrolled patients achieved any 2 platelet counts greater than or equal to 50,000/microL. These results were observed despite the limited duration of therapy and patients at multiple escalating dose levels. In the preliminary data on 15 patients across all doses who had completed at least 12 weeks of therapy, the response rate was greater than 50 percent for both endpoints. To date PRN1008 has been well-tolerated at all doses studied, whether given as a monotherapy or with allowed concomitant ITP therapy, with no reported treatment related bleeding or thrombotic events.
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GS | Hot Stocks07:29 EDT Goldman Sachs CEO Solomon notes 'mixed' operating environment
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GS | Hot Stocks07:29 EDT Goldman Sachs CEO: Q3 results reflect underlying strength of franchise - Chairman and CEO David Solomon commented, "Our results through the third quarter reflect the underlying strength of our global client franchise and its ability to produce solid results in the context of a mixed operating environment. We continue to execute on our strategic priorities, including investing in important growth opportunities in our existing and new businesses and in delivering for our clients in the most efficient and effective manner possible. We believe that this focus will best position the firm to generate long-term, industry-leading returns for our shareholders."
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GS | Hot Stocks07:28 EDT Goldman Sachs reports Q3 annualized ROE 9% - Annualized return on average common shareholders' equity was 9.0% for the third quarter of 2019 and 10.4% for the first nine months of 2019. Annualized return on average tangible common shareholders' equity was 9.5% for the third quarter of 2019 and 11.0% for the first nine months of 2019. Book value per common share was $218.82, 2.2% higher compared with the end of the second quarter of 2019 and 10.9% higher compared with the end of the third quarter of 2018.
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WMLLF | Hot Stocks07:28 EDT Wealth Minerals signs MOU with Uranium One Group - Wealth Minerals announced it has signed a strategic memorandum of understanding with Uranium One Group. The MOU provides for the acquisition by U1G of up to a 51% ownership interest in the Company's Atacama lithium project an approximately 46,200 hectare licensed position located in the Atacama Salar in Region II of Antofagasta, northern Chile on commercial terms to be agreed upon by the parties. The MOU provides for a due diligence period during which U1G can conduct technical, geological, legal, tax, financial and other due diligence on the Atacama Project, at U1G's expense. The MOU gives U1G the right to match the terms of any proposed alternative transaction. The closing of the Proposed Transaction would be subject to customary closing conditions and approvals, including the ability of the parties to enter into a definitive purchase and sale agreement, U1G being satisfied with the results of its due diligence, and the receipt of all required regulatory and corporate approvals, including, of the TSX Venture Exchange in respect of the Proposed Transaction. The MOU provides that the parties will enter into an off-take agreement, upon mutually agreed terms and conditions, whereby U1G would have the right to purchase 100% of the products produced from the Atacama Project, provided the Proposed Transaction closes. The MOU provides for increased co-operation between the parties for the development of the lithium projects. Such development is expected to include, among other things, the application of U1G's ecologically friendly sorption lithium extraction technology.
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GS | Hot Stocks07:27 EDT Goldman Sachs reports Q3 equities trading revenue $1.88B - Reports Q3 FICC sales and trading revenue $1.41B. Reports Q3 trading revenue $3.29B. Reports Q3 investment banking revenue $1.69B.
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NVCN | Hot Stocks07:26 EDT Neovasc announces notice of U.S. patent granted for Tiara transcatheter device - Neovasc announced that the United States Patent and Trademark Office has issued US Patent No. 10,433,952, titled: "PROSTHETIC VALVE FOR AVOIDING OBSTRUCTION OF OUTFLOW". The granted claims are directed to a prosthetic valve that helps reduce LVOT obstruction and improve unobstructed blood flow through the Tiara and the native ventricle.
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ONCY | Hot Stocks07:25 EDT Oncolytics presents clinical data highlighting pelareorep data at IOVC - Oncolytics Biotech announced that the results of a metanalysis of 13 clinical studies of the company's systemically delivered oncolytic reovirus, pelareorep, were presented during a podium presentation at the annual International Oncolytic Virus Conference, hosted at the Mayo Clinic in Rochester, MN on October 9-12, 2019. The analyses examined the effectiveness of viral replication within the tumors of patients treated systemically with pelareorep. The data demonstrated that, unlike other oncolytic viruses that require intra-tumoral delivery, intravenous systemic delivery of pelareorep resulted in 81% of patient tumor samples across multiple types of cancer testing positive for virus replication, with no infection in normal tissue. These results are from studies across a broad range of solid and liquid tumors, including metastatic disease. Key Findings from the Metanalysis: After IV delivery, 81% of patient tumor samples are positive for replicating reovirus. The average increases to 96% when melanoma and skin biopsies are excluded. Tumor types that showed a high proportion of active viral replication: breast cancer, pancreatic adenocarcinoma, multiple myeloma, colorectal cancer patients with liver metastases and high-grade glioma.
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EMHTF | Hot Stocks07:25 EDT Emerald Health announces update on Pure Sunfarms supply agreement - Emerald Health Therapeutics announced that it has notified Pure Sunfarms, its 50%-owned joint venture, that it does not agree that Emerald has any liability under the current Supply Agreement between Emerald and the Joint Venture with respect to the Joint Venture's recent sales of cannabis to third parties at prices below the predetermined purchase price to Emerald set out in the Supply Agreement. Under the Supply Agreement, Emerald has the right to purchase, or reject, 40% of the cannabis production of the Joint Venture. If Emerald rejects cannabis offered to it by the Joint Venture, under certain circumstances, Emerald would be obligated to pay the difference between the Purchase Price and the price realized by the Joint Venture. Emerald believes that under the terms of the Supply Agreement, due to the manner in which the Joint Venture conducted its recent cannabis sales, it does not have a liability to the Joint Venture under the Supply Agreement. Emerald's belief is that under the terms of the Supply Agreement the manner in which the Joint Venture conducted certain cannabis sales does not create a liability for Emerald to the Joint Venture. As at the date hereof, the Joint Venture has attempted to invoice Emerald for approximately $7M under this provision of the Supply Agreement. Emerald has informed the Joint Venture that it does not believe it has any liability for such amounts to the Joint Venture under the Supply Agreement and has requested that this issue be addressed at the upcoming meeting of the Board of Directors of the Joint Venture.
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EMHTF | Hot Stocks07:22 EDT Emerald Health's Metro Vancouver operation gets cultivation expansion license - Emerald Health Therapeutics has received from Health Canada its cultivation license amendment and has full municipal permitting for its first of two 78,000 square foot greenhouses at its organic Metro Vancouver site in British Columbia. With an additional 50,000 square feet and seven grow areas licensed for cultivation-related activities, Emerald can now begin commercial greenhouse production at this site. Planting will begin immediately and is expected to be completed by the end of Q4, with the first harvests planned for January 2020. This second license amendment builds on the initial site license, received in June of this year, used to propagate premium organic plant stock for this site, as well as the first amendment, received in July of this year, which added 12 acres of outdoor cultivation area. Emerald capitalized on the outdoor growing season with one growing cycle for research and development purposes and to enhance planning for the full 2020 outdoor growing season. All indoor and outdoor operations to-date have been focused on facilitating organic certification, which, pursuant to an initial inspection that took place in September, is expected imminently. The Metro Vancouver organic site encompasses 156,000 square feet in two greenhouses as well as 12 acres of licensed outdoor cultivation area. The first outdoor cannabis crop was harvested recently and Emerald also secured the harvest from an adjacent 12 acres of outdoor grow area. In this outdoor initiative, the company assessed the viability of select genetics for BC greenhouse and outdoor climates. This genetic development program has produced several new phenotypes, which will lead to greater differentiation in Emerald's product offerings. Emerald will commission the second greenhouse at its Metro Vancouver site as it more fully analyzes market preferences for the diverse products from its licensed and operational grow infrastructure at its Pure Sunfarms joint venture, Metro Vancouver, and Verdelite. Together these three operations position the Company to play a significant role in the growing Canadian medical and adult use markets. Emerald has substantially completed its capital outlays for the Metro Vancouver site, as well as for its Quebec Verdelite operation.
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HERTF | Hot Stocks07:20 EDT Sugarbud, Heritage Cannabis enter into supply, contract manufacturing agreement - Sugarbud Craft Growers announced that it has entered into a strategic supply and contract manufacturing agreement with Heritage Cannabis Holdings. Under the terms of the agreement, Sugarbud will supply Heritage with a minimum of 100,000 grams of premium dried cannabis per month for an initial term of twenty four months commencing May 1, 2020, and Heritage will provide extraction, formulation and production services to Sugarbud for the development of pre-filled vape cartridges, utilizing proprietary additive-free formulations created by Sugarbud, all subject to customary licensing and regulatory approvals.
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TNXP | Hot Stocks07:17 EDT Tonix Pharmaceuticals joins Alliance for Biosecurity - Tonix Pharmaceuticals Holding announced that it has joined the Alliance for Biosecurity. The Alliance is a coalition of biopharmaceutical companies and laboratory/academic partners that promotes a strong public-private partnership to ensure medical countermeasures are available to protect public health and enhance national health security. The Alliance advocates for public policies and funding to support the rapid development, production, stockpiling, and distribution of critically needed medical countermeasures.
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NVAX | Hot Stocks07:16 EDT Novavax initiates Phase 3 clinical trial for NanoFlu - Novavax announced the initiation of a pivotal Phase 3 clinical trial for NanoFlu, its recombinant quadrivalent seasonal influenza vaccine candidate, in adults aged 65 and over. The trial, for which the first participants have been enrolled, will evaluate the immunogenicity and safety of NanoFlu with its proprietary Matrix-M adjuvant, compared to a U.S.-licensed quadrivalent influenza vaccine. Top-line clinical data from the randomized, observer-blinded, active-controlled trial is expected in the first quarter of 2020 and would support a subsequent U.S. biologics license application and licensure of NanoFlu using the U.S. Food and Drug Administration's accelerated approval pathway. This pathway enables Novavax to conduct this non-inferiority immunogenicity clinical trial against a licensed quadrivalent comparator, with a commitment to confirm efficacy post-licensure. The trial will enroll approximately 2,650 healthy older adults across 19 U.S. clinical sites. Trial participants will receive either NanoFlu or the comparator, both of which will be formulated with the four influenza strains recommended for the 2019-2020 Northern hemisphere influenza season. Participants will be followed for approximately one year after injection, with primary immunogenicity analyses of the Day 28 sera samples. The trial's primary objective is to demonstrate non-inferior immunogenicity as measured by hemagglutination inhibition titers of vaccine homologous influenza strains compared to a licensed seasonal vaccine, and to describe its safety profile.
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PPC | Hot Stocks07:14 EDT Pilgrim's Pride completes acquisition of Tulip Limited - Pilgrim's Pride Corporation announced the completion of the previously announced acquisition of Tulip Ltd from Danish Crown. Tulip Ltd will operate as a business unit within Pilgrim's. The transaction was unanimously approved by the Pilgrim's Board of Directors and was funded with cash on hand, valuing Tulip Ltd at approximately $354M.
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VLRX | Hot Stocks07:13 EDT Valeritas presents data from preclinical h-Patch Apomorphine study - Valeritas Holdings announced data from its preclinical pharmacokinetic study of apomorphine subcutaneous infusion was presented today at Global Experts Meeting on Frontiers in Alzheimer's Disease & Dementia in Rome, Italy. In the poster presentation titled "Preclinical Pilot Study Result of 24-Hour Apomorphine Subcutaneous Infusion Delivered via the h-Patch Wearable Device," the data demonstrated rapid absorption and distribution of 400ul of a 25mg/ml APO solution with the h-Patch technology. APO was detected in plasma within two hours of the start of infusion, and still detectable 24 hours after completion of h-Patch infusion, or 48 hours in total. Close to a dozen clinical studies have shown subcutaneous Apo infusions are successful in aborting "off" periods, reducing dyskinesias, and improving PD motor scores with the added benefit of a substantial levodopa-sparing effect. However, bulky infusion pumps requiring delivery of relatively large volumes of therapeutics remain a barrier to the development of therapeutic products that are patient and caregiver friendly.
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NBRV | Hot Stocks07:11 EDT Nabriva Therapeutics to present data from Phase 3 trials of XENLETA - Nabriva Therapeutics announced that it will present data on the pooled results from completed Phase 3 trials of XENLETA at the CHEST Annual Meeting 2019. XENLETA is a pleuromutilin antibiotic for the intravenous and oral treatment of community-acquired bacterial pneumonia in adults and is now commercially available in the United States. Results from the pivotal Lefamulin Evaluation Against Pneumonia 1 and LEAP 2 Phase 3 clinical trials will be featured in three e-poster presentations during a moderated grand-rounds session at the CHEST meeting. These studies demonstrated that XENLETA is a well-tolerated, new IV and/or oral antimicrobial monotherapy for the empiric treatment of adults with CABP and a clinical alternative to moxifloxacin, a current standard of care fluoroquinolone. The data also showed that early clinical response rates of XENLETA, as well as health-related quality of life improvements, were high and similar to that of moxifloxacin in at-risk groups, including patients age 65 years or greater, who are at the highest risk of morbidity and mortality. Details for the upcoming presentations are as follows: Title: Efficacy of Lefamulin Versus Moxifloxacin in Adults with Community-Acquired Bacterial Pneumonia: Results of the Lefamulin Evaluation Against Pneumonia 1 And LEAP 2 Double-Blind Noninferiority Phase 3 Clinical Trials. This pooled efficacy assessment of the LEAP 1 and 2 studies reported the early clinical response at 96 +/- 24 hours after first dose of study drug among 1289 randomized patients, and the investigator assessment of clinical response at test-of-cure: five to 10 days after last dose of study drug in the modified intent-to-treat population - those receiving greater than or equal to1 dose of study drug and in the clinically evaluable populations. In addition to efficacy overall, analyses stratified by Pneumonia Outcomes Research Team Risk Class, from both pooled and individual trials, were presented. CABP patients treated with lefamulin demonstrated high response rates for ECR and IACR and was noninferior to moxifloxacin. Response rates with lefamulin IV and/or oral therapy remained high across the indices of severity. Title: Safety and Tolerability of Lefamulin Versus Moxifloxacin in Adults with Community-Acquired Bacterial Pneumonia: Results of the Lefamulin Evaluation Against Pneumonia 1 and LEAP 2 Double-Blind Noninferiority Phase 3 Clinical Trials. The objective of this pooled safety assessment of the LEAP 1 and 2 studies was to identify treatment-emergent adverse events among patient groups treated with lefamulin versus moxifloxacin. Pooled data from the LEAP 1 and LEAP showed similar safety and tolerability profiles for lefamulin and moxifloxacin. Title: Efficacy and Safety of Lefamulin Versus Moxifloxacin for Atypical Respiratory Pathogens in Adults with Community-Acquired Bacterial Pneumonia: Pooled Results from the Lefamulin Evaluation Against Pneumonia 1 and LEAP 2 Double Blind Noninferiority Phase 3 Clinical Trials. This analysis was to determine the safety and efficacy of lefamulin versus moxifloxacin in patients with atypical respiratory pathogens including Mycoplasma pneumoniae, Legionella pneumophila, and Chlamydophila pneumoniae. In the pooled patient population, short-course therapy with lefamulin for atypical pathogens resulted in high ECR responder and IACR success rates and was generally well tolerated in comparison to moxifloxacin.
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CGC | Hot Stocks07:08 EDT Canopy Growth closes acquisition of Beckley Canopy Therapeutics' shares - Canopy Growth has closed the previously announced acquisition of all outstanding shares in the global cannabinoid based research company Beckley Canopy Therapeutics, or Beckley Canopy, including the joint commercial venture Spectrum Biomedical UK. These teams will now be integrated into the broader Spectrum Therapeutics organization to increase the breadth of the clinical research being pursued under the Spectrum banner and to combine continental European and United Kingdom commercial teams. As a part of the acquisition, Canopy Growth's European management structure will evolve. Paul Steckler and Steven Wooding will assume the roles of Co-Managing Directors in charge of all European operations. Paul is a seasoned pharmaceutical executive with over 20 years' experience in commercial roles, having worked in both large and small pharmaceutical companies including Pfizer. Steve has held multiple positions within a 27-year career at Janssen, the Pharmaceutical arm of Johnson & Johnson. Most recently, he was head of Global Commercial Strategy and Market Access for Janssen.
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CRSP | Hot Stocks07:08 EDT Crispr Therapeutics, KSQ Therapeutics announce license agreement - CRISPR Therapeutics and KSQ Therapeutics announced a license agreement whereby CRISPR Therapeutics will gain access to KSQ intellectual property for editing certain novel gene targets in its allogeneic oncology cell therapy programs, and KSQ will gain access to CRISPR Therapeutics' IP for editing novel gene targets identified by KSQ as part of its current and future eTIL cell programs. The financial terms of the agreement are not being disclosed. The gene targets within the scope of the license agreement were identified using KSQ's proprietary CRISPRomics drug discovery engine, which allows genome-scale, in vivo validated, unbiased drug discovery. These specific targets were uncovered in screens to identify genetic edits that could enhance the functionality and quality of adoptive cell therapies in oncology.
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JWCAF | Hot Stocks07:07 EDT James E Wagner Cultivation receives approval to double capacity at JWC2 - James E. Wagner Cultivation Corporation received an additional licence amendment from Health Canada approving the production of cannabis in four new flowering rooms at its flagship facility located at 530 Manitou Drive in Kitchener, Ontario. Once fully operational, the new flowering rooms will double the current licensed production capacity of JWC2 from 22,000 square feet, to approximately 44,500 square feet. JWC has designated the additional spaces as "E pod" and "H pod". Each pod consists of two flowering rooms, with each room containing approximately 5,500 square feet of cultivation space. It is anticipated that each new pod will yield approximately 2,000 kg of dried cannabis on an annualized basis from the time cultivation activities commence. The additional flowering rooms are part of an ongoing program to expand the Corporation's production capacity at JWC2. At full-scale, the JWC2 facility will measure 345,000 square feet and is expected to be fully equipped with JWC's proprietary GrowthSTORM Dual Droplet(TM)System. This licence amendment comes just 106 days after Health Canada granted the Corporation an earlier approval on June 27, 2019, to increase its operational footprint at JWC2 from 11,000 square feet to 22,000 square feet.
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WHR CMS | Hot Stocks07:06 EDT Whirlpool appoints Patti Poppe to Board of Directors - The Whirlpool (WHR) board of directors has appointed Patti Poppe, president and CEO of CMS Energy (CMS), to the board, effective December 16.
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CRSP | Hot Stocks07:06 EDT Crispr Therapeutics announces license agreement with KSQ Therapeutics for IP - Crispr Therapeutics announced a license agreement whereby Crispr Therapeutics will gain access to KSQ intellectual property, or IP, for editing certain novel gene targets in its allogeneic oncology cell therapy programs, and KSQ will gain access to Crispr Therapeutics' IP for editing novel gene targets identified by KSQ as part of its current and future engineered tumor infiltrating lymphocyte cell programs. The financial terms of the agreement are not being disclosed. The gene targets within the scope of the license agreement were identified using KSQ's proprietary Crispromics drug discovery engine, which allows genome-scale, in vivo validated, unbiased drug discovery. These specific targets were uncovered in screens to identify genetic edits that could enhance the functionality and quality of adoptive cell therapies in oncology.
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QSR UBER | Hot Stocks07:05 EDT Restaurant Brands announces Burger King partnership with Uber Eats - Burger King (QSR) can now be delivered "right to your doorstep" through Uber Eats (UBER). "BK guests nationwide can now place a food order with the tap of a button on the Uber Eats app."
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TEUM | Hot Stocks07:05 EDT Pareteum retains Heidrick & Struggles to asses the board in succession plans - Pareteum announced it has retained Heidrick & Struggles, the premier provider of executive search and leadership advisory services, to assist with assessing the board of directors and key leadership positions as Pareteum prepares diversity and succession plans to support the Company's planned growth and expansion of markets and services. Heidrick & Struggles will seek to identify seasoned board of director candidates and executives to complement existing talent and enhance both the board and executive leadership as Pareteum focuses on operational excellence, market leadership and increased shareholder value. The initiative is expected to take up to 12 months.
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KVHI | Hot Stocks07:05 EDT KVH Industries receives $4M fiber optic gyro order from KDA - KVH Industries announced that it has received a $4M order for its precision DSP-3100 fiber optic gyros from Kongsberg Defence & Aerospace AS for use in the U.S. Army's Common Remotely Operated Weapon Stations. Shipments to KDA are expected to be completed by year end 2020.
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JPM | Hot Stocks07:04 EDT JPMorgan jumps 2.2% in pre-market trading after Q3 results beat estimates
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REPL... | Hot Stocks07:03 EDT Replimune Group announces patient enrollment in Phase 2 trial of RP1 - Replimune Group (REPL) announced that the first patient has been enrolled in its registration-directed, randomized, controlled Phase 2 clinical trial of RP1 in combination with Regeneron (REGN) and Sanofi's (SNY) Libtayocompared to Libtayo alone in patients with cutaneous squamous cell carcinoma. The Company also announced plans to initiate a new clinical trial of RP1 as monotherapy in organ transplant recipients with CSCC in early 2020. The registration-directed Phase 2 clinical trial in CSCC is a multi-center, randomized, controlled clinical trial intended to enroll approximately 240 patients. The study's primary objective is to compare the response rate following treatment with RP1 in combination with Libtayo to the response rate achieved with Libtayo alone. Libtayo is an anti-PD-1 therapy developed by Regeneron and Sanofi, which was approved by the U.S. Food and Drug Administration last year for the treatment of patients with metastatic CSCC or locally-advanced CSCC who are not candidates for curative surgery or curative radiation. This clinical trial is being conducted under the Company's collaboration agreement with Regeneron. The first patient in the trial has now been enrolled, and multiple clinical trial sites in the U.S. and Australia are open for enrollment. Additional clinical trial sites in these and other countries will be added, with recruitment expected to take approximately 18 to 24 months. Replimune intends to initiate a new Phase 1b clinical trial of single agent RP1 in organ transplant recipients with CSCC, for which the clinical trial protocol has been accepted by the FDA under the Company's Investigational New Drug application. This clinical trial is intended to enroll approximately 30 patients and assess the safety and efficacy of RP1 in liver and kidney transplant recipients with recurrent CSCC, and is expected to initiate in the first quarter of 2020. The Phase 1 part of Replimune's Phase 1/2 clinical trial of RP1 enrolled 36 patients with advanced heavily pre-treated cancers who have failed available therapy, evaluating treatment with RP1 alone given up to five times, and RP1 given up to eight times in combination with Opdivo from the second RP1 dose. Following completion of the Phase 1 part of the clinical trial, the Company opened enrollment for Phase 2 cohorts of 30 patients each in patients with melanoma, non-melanoma skin cancers, bladder cancer, and MSI-H tumors. Five patients with CSCC have been enrolled and treated with RP1 combined with Opdivo in this clinical trial, including one from the Phase 1 expansion in combination with Opdivo, and four from the Phase 2 non-melanoma skin cancer cohort. Initial results in these CSCC patients showed:The first patient achieved a biopsy-confirmed complete response of extensive disease of the scalp. Clear tumor flattening was observed after the first dose of RP1 and prior to the first dose of Opdivo, prior to the patient ultimately achieving a CR. PD-L1 and CD8 T cell levels were also substantially increased post-treatment as compared to baseline. The second patient achieved a partial response of bulky bi-lateral disease in the neck, with substantial reduction observed after the first dose of RP1 and prior to the first dose of Opdivo, including of the uninjected tumor contralateral to the injection site. The third patient had extensive and rapidly progressing metastatic disease and died from disease progression within 6 weeks of starting therapy. The fourth patient, also with bulky disease in the neck, had a substantial reduction after the first RP1 dose, which continued to reduce following the introduction of Opdivo. The fifth patient, with recurrent bone invasive CSCC of the cheek, had substantial flattening after the first RP1 dose and has recently initiated the combination therapy phase with RP1 and Opdivo. All patients other than the third patient continue on treatment.
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LYB | Hot Stocks07:02 EDT LyondellBasell announces construction of new pilot facility at Ferrara - LyondellBasell announced that it is building a new small-scale pilot facility at its Ferrara, Italy site moving another step closer to converting post-consumer plastic waste into new plastics on a commercial scale. The company selected its Ferrara site for the pilot facility due to its long history of research and development, including catalyst development. Through its collaboration with the Karlsruhe Institute of Technology, LyondellBasell's proprietary molecular recycling technology, known as MoReTec, has shown that use of a catalyst in the pyrolysis process, or the structural breakdown of plastic waste into molecules, is faster and more energy efficient than traditional chemical recycling.
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MVC | Hot Stocks06:58 EDT MVC Capital increases dividend 13% to 17c - MVC Capital announced that its board of directors declared a regular dividend of 17c per share, a 13% increase over the prior quarter, primarily as a result of increased net operating income from its investment portfolio.
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JPM | Hot Stocks06:57 EDT JPMorgan sees FY19 NII less than $57.5B, market dependent - Sees FY19 adjusted expense of about $65.5B. Sees FY19 net charge-offs of about $5.5B. Comments from slides being presented on the Q3 earnings conference call.
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JPM | Hot Stocks06:55 EDT JPMorgan reports Q3 CIB revenue $9.4B, commercial banking revenue $2.2B - Reports Q3 CCB revenue $14.26B, asset & wealth management revenue $3.6B.
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JPM | Hot Stocks06:54 EDT JPMorgan reports Q3 RoTCE 18%, return on common equity 15%
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JPM | Hot Stocks06:54 EDT JPMorgan reports Q3 Basel III CET1 capital ratio 12.3% - JPMorgan reports Book value per share of $75.24, up 8%; tangible book value per share2 of $60.48, up 9%. Reports Basel III common equity Tier 1 capital of $188 billion and ratio of 12.3%. Reports firm supplementary leverage ratio of 6.3%. Reports Q3 net interest income $14.4B, noninterest expense $16.4B.
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SMTS | Hot Stocks06:53 EDT Sierra Metals reports Q3 silver production up 34% from last year - Sierra Metals reports Q3 production results featuring the highest level of quarterly consolidated equivalent metal production. Results are from Sierra Metals' three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver Mines in Mexico. Q3 production highlights include: silver production of 1.0M ounces; a 34% increase from last year; copper production of 11.1M pounds; a 34% increase from last year; zinc production of 22.5M pounds; an 8% increase from last year; lead production of 10.5M pounds; a 65% increase from last year; gold production of 3,490 ounces; an 83% increase from last year; copper equivalent production of 32.3 million pounds; a 37% increase from last year; record quarterly ore throughput and metal production at the Yauricocha Mine in Peru and the Bolivar Mine in Mexico The Company achieved record quarterly consolidated equivalent metal production and ore throughput, as well as record quarterly ore throughput and equivalent metal production from the Yauricocha and Bolivar Mines. The Company has continued to build on its successful plant expansions, and mine production increases in Mexico over the last three quarters. This has resulted in record quarterly metal production, as the Company is approaching its 2019 target of 4,250 tonnes per day at Bolivar and 1,200 TPD at Cusi.
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JPM | Hot Stocks06:52 EDT JPMorgan CEO says U.S. GDP growth has slowed 'slightly'
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JPM | Hot Stocks06:52 EDT JPMorgan CEO says Q3 results showed broad-based strength - Jamie Dimon, Chairman and CEO, commented on the financial results: "JPMorgan Chase delivered record revenue this quarter, demonstrating broad-based strength and the resilience of our business model despite a more challenging interest rate backdrop. In Consumer & Community Banking, we had strong deposit and client investment asset growth. Our consumer lending businesses benefited from our continued investments and a favorable environment for borrowers, which helped drive healthy volumes in Home Lending and Auto and strong loan growth in Card." Dimon added: "We had record third quarter IB fees with particularly strong performance in DCM and ECM, and year-to-date we maintained our #1 global ranking with share gains across products and regions. Markets performance was solid, reflecting improved client activity - particularly in Fixed Income. Commercial Banking turned in a solid performance with continued momentum in investment banking and treasury services. And in Asset & Wealth Management, both AUM and client assets were a record helped by strong net inflows into long-term and liquidity products." Dimon concluded: "In the U.S. economy, GDP growth has slowed slightly. The consumer remains healthy with growth in wages and spending, combined with strong balance sheets and low unemployment levels. This is being offset by weakening business sentiment and capital expenditures mostly driven by increasingly complex geopolitical risks, including tensions in global trade. Regardless of the operating environment, JPMorgan Chase will continue to serve our customers, clients and communities globally, while investing in innovation, talent, technology, security and controls."
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GMAB JNJ | Hot Stocks06:48 EDT Genmab reports Q3 worldwide net sales of DARZALEX $765M - Genmab (GMAB) announced that worldwide net sales of DARZALEX as reported by Johnson & Johnson (JNJ) were $765M in the third quarter. Net sales were $402M in the U.S. and $363M in the rest of the world. Genmab will receive royalties on the worldwide net sales of DARZALEX under the exclusive worldwide license to Janssen Biotech to develop, manufacture and commercialize DARZALEX.
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BURL | Hot Stocks06:46 EDT Burlington Stores names John Crimmins as CFO - Burlington Stores announced that John Crimmins has been appointed CFO. Crimmins joined the company in 2011 and has served as interim CFO since September 16, in addition to his role as Executive Vice President, Finance and Chief Accounting Officer. Before joining Burlington Stores, Crimmins held various roles at The Timberland Company including CFO, and Corporate Controller and Chief Accounting Officer from 2002 to 2009.
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JPM | Hot Stocks06:45 EDT JPMorgan reports September net credit loss 2.32% vs. 2.45% last month - Reports September 30-plus day delinquencies 1.17% vs. 1.14% last month.
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FENG | Hot Stocks06:38 EDT Phoenix New Media CFO Betty Yip Ho to resign, Edward Lu to succeed - Phoenix New Media announced that Betty Yip Ho has tendered her resignation as CFO due to personal reasons. Ho will cease to be the company's CFO on November 14 and retire from the company's board of directors at the annual general meeting to be held on November 14. Edward Lu, VP of the company, has been promoted to be the company's new CFO, to be effective on November 14. Lu joined the company in 2009. Prior to the promotion, he has served in various managerial positions, including executive assistant to the CEO and VP in charge of strategic investment and human resources, assisting with the oversight and management of each of the company's business lines.
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CANF | Hot Stocks06:33 EDT Can-Fite BioPharma completes enrollment in Phase II NASH study of Namodenoson - Can-Fite BioPharma announced it has completed patient enrollment in its Phase II study of Namodenoson in the treatment of NAFLD/NASH. The multicenter, randomized, double-blinded, placebo-controlled, dose-finding efficacy and safety study has enrolled 60 patients with NAFLD (non-alcoholic fatty liver disease) with or without NASH (non-alcoholic steatohepatitis). Patients who suffer from NAFLD/NASH with evidence of active inflammation are treated twice daily with 12.5 mg or 25 mg of oral Namodenoson, or placebo for 12 weeks. The primary endpoint of the Phase II study is the anti-inflammatory effect of the drug, as determined by mean percent change from baseline in ALT blood levels and safety. Secondary endpoints include percentage change from baseline of liver fat, as measured by MRI-PDFF. Topline results are expected in Q1 of 2020. Namodenoson has been out-licensed for the indication of NASH in South Korea and China. There is currently no U.S. FDA approved drug for the treatment of NASH, which is an addressable pharmaceutical market estimated to reach $35B-$40B by 2025.
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AFMD | Hot Stocks06:33 EDT Affimed submits IND application to FDA for first-in-human 1/2a study of AFM24 - Affimed announced the submission of an Investigational New Drug, or IND, application to the FDA to initiate a first-in-human Phase 1/2a study of AFM24. The initial goal of the study is to determine the maximum tolerated dose and recommended Phase 2 dose of AFM24, as well as to evaluate the safety, pharmacokinetics, pharmacodynamics, and preliminary efficacy in patients with advanced cancers known to express the epidermal growth factor receptor, EGFR. The second part of the study will evaluate the preliminary efficacy of AFM24 in patients with select solid tumor subtypes. Affimed also announced that the FDA has cleared an IND application for a Phase 1 study to evaluate a stable complex of AFM13, its lead innate cell engager, pre-mixed with cord blood-derived allogeneic NK cells as an investigational treatment for patients with relapsed/refractory CD30-positive lymphoid malignancies. In addition, the registration-directed study of AFM13 as monotherapy in relapsed/refractory peripheral T cell lymphoma (pTCL), where patients have very few treatment options, is on track to initiate this year.
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BLK | Hot Stocks06:11 EDT BlackRock CEO says technology services revenue increased 30% y/y - BlackRock CEO Larry Fink said, "Technology services revenue increased 30% year-over-year, driven by growth in Aladdin and our eFront acquisition. Aladdin's comprehensive investment operating system powers BlackRock's digital offerings and enables asset and wealth managers to scale and grow their businesses.Clients worldwide are demanding transparency, convenience and a focus on their outcomes. BlackRock's broadly diversified asset management and technology platform is well positioned to meet this client demand and deliver growth for shareholders."
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BLK | Hot Stocks06:08 EDT BlackRock CEO says company brought in $350B in new assets over last 12 months - BlackRock CEO Larry Fink said, "Clients are increasingly looking for strategic partners who understand their whole portfolio and investment goals in the context of a complex and changing landscape. Clients have entrusted BlackRock to manage almost $350 billion in new assets over the last twelve months, validating the differentiation of our model. BlackRock's globally integrated platform, bringing together cash, index, factors, active and alternatives withAladdin's portfolio and risk management technology, is better positioned than ever before to provide solutions to clients. BlackRock generated $84 billion of total net inflows in the third quarter, demonstrating strength in fixed income, cash and alternative strategies, as clients re-balanced, de-risked and sought uncorrelated sources of return in the face of significant global market volatility."
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AMH | Hot Stocks06:05 EDT American Homes 4 Rent appoints Bryan Smith as COO - American Homes 4 Rent announced that Bryan Smith has been appointed COO, effective October 14. Smith succeeds Jack Corrigan as COO. Corrigan will continue to serve as a trustee and as the company's Chief Investment Officer to focus on the company's expanding development and growth initiatives. Smith served most recently as Executive Vice President and President of Property Management operations at the company and, from 2011 to 2012, as Senior Vice President of Acquisitions.
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ICL | Hot Stocks05:29 EDT ICL intends to expand presence in plant-based meat-alternatives market - ICL announced that it is planning to expand its manufacturing capacity and R&D support capabilities for its ROVITARIS alternative protein technology for the meat alternatives market. ROVITARIS is a proprietary technology developed by ICL, that supports the production of allergen free plant-based food. The product has excellent formability and can be adapted to virtually any meat, poultry or seafood substitute application to significantly improve taste and texture.
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NEWR | Hot Stocks05:26 EDT New Relic appoints Gregory Ouillon as Chief Technology Officer, EMEA - New Relic announced the appointment of Gregory Ouillon as field Chief Technology Officer, Europe, Middle East, and Africa, or EMEA. He joins New Relic from SITAONAIR where he was Chief Technology Officer.
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RTN | Hot Stocks05:09 EDT Raytheon signs collaboration agreement with Korean Air - Raytheon and Korean Air signed an exclusive collaboration agreement at the Seoul International Aerospace and Defense Exhibition to pursue the Republic of Korea's Air Force's Intelligence Surveillance Target Acquisition and Reconnaissance program. Under the agreement, Raytheon will be the prime contractor and provide multiple-intelligence, or Multi-INT, technologies for the aircraft. Korean Air will deliver design, logistics and life cycle support services.
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FTI | Hot Stocks05:08 EDT TechnipFMC awarded 'significant' subsea contract in Vietnam - TechnipFMC has been awarded a significant contract by PetroVietnam Gas for the Engineering, Procurement and Construction of the Nam Con Son 2 Phase 2 pipeline across Nam Con Son basin and Cuu Long basin in Vietnam. The scope of the contract covers engineering and installation of 118 kilometers of rigid pipeline as well as the fabrication of subsea structures to tie back the existing Nam Con Son 2 Phase 1 gas pipeline to the Long Hai Landfall Station. For TechnipFMC, a "significant" contract is between $75M-$250M.
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