Stockwinners Market Radar for October 16, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
GLD | Hot Stocks20:11 EDT SPDR Gold Shares holdings fall to 918.19MT from 919.66MT - This is the second consecutive decline and the lowest level of holdings since September 24th.
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ACB | Hot Stocks19:20 EDT Aurora Cannabis to roll out vapes, concentrates, edibles in Canada in December - On the one-year anniversary of consumer legalization in Canada, Aurora Cannabis announced plans for the roll-out of vapes, concentrates, and edibles when they are permitted for sale to consumers in December. The company has prioritized its resources to prepare for a successful initial launch that will support an ongoing replenishment strategy to help ensure consumers across Canada will have access to a diverse portfolio of high-quality derivative products they want to buy, the company said. To support the successful launch of vapes, concentrates, and edibles products, and to continue to ensure sufficient supply for domestic and international markets, Aurora has established production hubs in Eastern and Western Canada at Aurora River, Aurora Vie and at Aurora Sky. These centres are intended to provide centralized production, packaging, logistics and distribution capabilities. In total, they comprise more than 450,000 square feet and are strategically located to efficiently distribute Aurora's products to markets across the country. In addition, Aurora Air, a 20,000 square foot manufacturing facility near Aurora Sky at the Edmonton International Airport, will be home to several of the new production lines for edible products. Aurora's next generation products have been formulated to meet or exceed all regulatory requirements. All new cannabis product forms are subject to a legislated Health Canada 60-day review period that begins on October 17, 2019.
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CAAP | Hot Stocks19:14 EDT Corporacion America Airport reports September passenger traffic up 1.2% - Corporacion America Airports reported preliminary year-over-year passenger traffic growth of 1.2% in September 2019. Total passenger traffic in September 2019 increased 1.2% YoY primarily reflecting growth of 5.9% in Argentina, 19.2% in Armenia and 2.4% in Italy, partially offset by declines in Brazil, Ecuador and Uruguay.
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LLNW... | Hot Stocks18:55 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Limelight Networks (LLNW) up 15.1%... Netflix (NFLX) up 9.2%... Texas Capital (TCBI) up 7.1%... CSX (CSX) up 3.9%... Alcoa (AA) up 2.6%... Crown Castle (CCI) up 1.7%. ALSO HIGHER: Regulus Therapeutics (RGLS) up 13.9% after disclosing preclinical data on ADPKD candidate RGLS4326. DOWN AFTER EARNINGS: IBM (IBM) down 5.5%... United Rentals (URI) down 1.1%. Movers as of 18:30ET.
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NFLX | Hot Stocks18:37 EDT Netflix says shares viewing data with producers each week - Says shares viewing data with producers every week. Sees "tremendous" opportunity to build service overseas.
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CRM FB | Hot Stocks18:26 EDT Salesforce CEO: Steve Jobs had a huge impact on my life - In an interview on CNBC's Mad Money, Salesforce (CRM) CEO Marc Benioff said: I grew up with a family committed to social services... My grandfather developed BART... Capitalism is dead... We need a new, sustainable capitalism that values stakeholders... My shareholders are a key stakeholder... The largest companies are pivoting towards stakeholders... Capitalism needs guardrails... Artificial intelligence is a huge part of the fourth industrial revolution... Facebook (FB) is probably the new cigarette and should be broken up... Business is the greatest platform for social change.
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NFLX | Hot Stocks18:19 EDT Netflix to test mobile only plans in other markets - Says will test mobile only plans in other markets. Says "uniquely positioned" to be able to deliver on scope and scale for film and television. Says cost of making top programs has increased 30% in one year.
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MESO LZAGY | Hot Stocks18:18 EDT Mesoblast, Lonza enter into manufacture agreement of remestemcel-L in U.S. - Mesoblast (MESO) and Lonza (LZAGY) announced that they have entered into an agreement for commercial manufacture of Mesoblast's lead allogeneic cell therapy product candidate, remestemcel-L for pediatric steroid-refractory acute graft versus host disease. This agreement will facilitate inventory build ahead of the planned United States market launch of remestemcel-L and commercial supply to meet Mesoblast's long-term market projections. Mesoblast expects to complete filing of the rolling Biologics License Application submission to the FDA by the end of this year. On acceptance of the filing, the product candidate is eligible for FDA priority review under its existing Fast Track designation, providing for an expedited review period. If approved, the US launch of remestemcel-L is expected to occur next year.
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NFLX | Hot Stocks18:12 EDT Neflix says price increase responsible for U.S. shortfall - Says price increase responsible for U.S. shortfall. Says movie slate for later this year and next year better than in any previous year. Says Q4 has "big, theatrically ambitious" original films. Says pricing of competitors is not a significant factor for how Netflix prices its services.
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STLD | Hot Stocks18:06 EDT Steel Dynamics CEO says steel pricing environment 'challenging' - "Our third quarter 2019 consolidated operating income was $228 million and adjusted EBITDA $315 million," said Mark Millett, President and CEO. "The team delivered a solid third quarter performance in a challenging steel pricing environment, as average steel pricing declined in the quarter more than offsetting the benefit of lower scrap costs. Steel customer inventory destocking has subsided, and underlying domestic steel demand remains principally intact for the primary steel consuming sectors, with particular strength in construction, as supported by our continued seasonally strong steel fabrication backlog."
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NFLX | Hot Stocks18:06 EDT Netflix says price increases 'hugely' revenue positive - Says Q3 was a "really strong" quarter around overall business performance. Says Q3 membership growth "closest to forecast" ever. Says saw some elevated churn in Q3. Says price increases "hugely" revenue positive for company. Says Q4 guide "down a bit" from previous forecast due to "a number of moving parts" that are difficult to forecast. Says Q4 guidance hard to know based on number of new intellectual properties upcoming. Says trying to factor in impact from new competitive streaming services. Comments taken from Q3 earnings conference call.
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STLD | Hot Stocks18:03 EDT Steel Dynamics says 'constructive' on 2020 North American steel market dynamics - "Based on domestic steel demand fundamentals, we are constructive regarding 2020 North American steel market dynamics," said CEO Millett. "We believe North American steel consumption will experience modest growth and will be supported by further steel import reductions and the end of steel inventory destocking. We believe current trade actions could have a positive impact in further reducing unfairly traded steel imports into the United States, including coated flat roll steel, which could have a significant positive impact for Steel Dynamics, as we are the largest non-automotive flat roll steel coater in the United States. In combination with our existing and newly announced expansion initiatives, there are firm drivers in place for our continued growth. We are excited about our Sinton, Texas flat roll steel mill project, and the associated long-term value creation it will bring through geographic and value-added product diversification. This facility is designed to have product size and quality capabilities beyond that of existing electric-arc-furnace flat roll steel producers, competing even more effectively with the integrated steel model and foreign competition. We have targeted regional markets that represent over 27 million tons of relevant flat roll steel consumption, which includes the growing Mexican flat roll steel market. This facility is located and designed to have a meaningful competitive advantage in those regions. We are competitively positioned and remain focused on delivering long-term shareholder value creation through organic and transactional growth opportunities," concluded Millett.
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ISTR | Hot Stocks18:01 EDT Investar Holding gains regulatory, holder approvals for Bank of York acquisition - Investar Holding announced that necessary shareholder and regulatory approvals have been obtained for its previously announced pending acquisition of Bank of York, York, Alabama. The company also provided an update regarding expected timeframes to complete the acquisition. On July 30, 2019, the company announced that it and Investar Bank had entered into an Agreement and Plan of Reorganization with Bank of York. At June 30, 2019, Bank of York had approximately $99.5 million in assets, $46.0 million in net loans, $82.3 million in deposits, and $11.2 million in stockholders' equity. Bank of York is an Alabama state bank, offering a full range of banking and financial services to individual and corporate customers. Its operations in Alabama include a main office in York, a branch in Livingston, and loan production office in Tuscaloosa, which is expected to be converted into a full-service branch at some point after the closing of the transaction, subject to Investar Bank's receipt of the necessary regulatory approvals for that branch. Under the terms of the Merger Agreement, the company will pay a total amount of cash merger consideration to shareholders of Bank of York equal to $15.0 million. Bank of York will also be permitted under the Merger Agreement to make regular and special pre-closing cash distributions to its shareholders in an aggregate amount of approximately $1.0 million. Bank of York shareholders approved the acquisition at a shareholder meeting held on October 16, 2019. No vote of the shareholders of the company is required to complete the transaction. Completion of the acquisition remains subject to the satisfaction or waiver of other customary closing conditions under the terms of the Merger Agreement. Upon satisfaction of all closing conditions, the Company anticipates it will close the Bank of York acquisition on or about November 1, 2019. Branch and operating system conversions are currently scheduled to be completed in the second quarter of 2020.
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CSX | Hot Stocks17:57 EDT CSX reverses in after-hours, trading up over 4% - Shares of CSX are now up over 4% to $71.78 per share, reversing earlier losses.
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EGO | Hot Stocks17:50 EDT Eldorado Gold reports Q3 preliminary gold production of 101,596 oz. - Eldorado Gold reported preliminary Q3 total gold production of 101,596 ounces for Q3 and 276,376 ounces year to date. Guidance for 2019 remains unchanged. Recent test results from Kisladag support an extension of mine life beyond the company's current three year guidance. Waste stripping to support a mine life extension will commence prior to the end of October. Test work is still ongoing to determine the ultimate heap leach recovery of this material and thus the ultimate length of the mine life extension. Estimated expenditure for waste stripping in 2019 is $4M. Production at Olympias was lower than plan. During Q3 measures to increase production volumes were continued in key areas of the operation and will support the ramp up towards 2020 and beyond. These measures included increased capital development resources and other operational improvement initiatives.
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BHP | Hot Stocks17:38 EDT BHP Group backs FY20 iron ore output view of 242-253 MT - Backs FY20 petroleum output view of 110-116 MMBOE. Backs FY20 copper output view of 1.71kt-1.82kt. Backs FY20 metallurgical coal output view of 41MT-45MT.
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BHP | Hot Stocks17:35 EDT BHP Group reports Q1 iron ore output 61MT, down 1% from last year - Reports Q1 petroleum output 29MMBOE, down 11% from last year. Reports Q1 copper production 430 kt, up 5% from last year. Reports Q1 Metallurgical coal production 9 MT, down 10% from last year. CEO Andrew Mackenzie says: "We delivered a solid start to the 2020 financial year through ongoing strong operational performance across our portfolio. While Group production for the quarter decreased slightly due to the expected impacts of planned maintenance and natural field decline in Petroleum, guidance remains unchanged and we are on track to deliver slightly higher volumes than last financial year. The South Flank iron ore projectis 50per centcomplete, withall our major projects onscheduleand budget. We achieved further encouraging exploration results in Petroleum and at the Oak Dam copper prospect."
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VALE | Hot Stocks17:28 EDT Vale reports Q3 iron ore output down 17.4% from last year at 86.7MT - Reports Q3 Pellet output down 19.8% at 11.1MT, Coal output down 26.4% at 2.35MT, Copper output up 4.0% at 98.3KT. Reference Link
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CALM | Hot Stocks17:25 EDT Cal-Maine Foods to acquire Mahard Egg Farm egg production assets - Cal-Maine Foods announced that it has reached a definitive agreement to acquire substantially all of the assets of Mahard Egg Farm, relating to its commercial shell egg production, processing, distribution and sale of shell eggs business. The assets to be acquired, subject to the completion of this transaction, include commercial shell egg production and processing facilities with current capacity for approximately 3.9 million laying hens and permitted capacity for up to 8.0 million laying hens, a feed mill, pullets and related production facilities located in Chillicothe, Texas, and Nebo, Oklahoma, and a distribution warehouse located in Gordonville, Texas. The company expects to close the transaction in the next few weeks.
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TCCO | Hot Stocks17:20 EDT Technical Comm Corp granted request for continued listing until December 13 - Technical Communications has received notice that the Nasdaq Hearings Panel has granted the company's request for continued listing on Nasdaq until December 13, subject to certain conditions. Specifically, on or before December 13, the company must file its Annual Report on Form 10-K for the fiscal year ended September 28, 2019, which shall report over $500K in net income from continuing operations in order to regain compliance. On June 25, the company received notice from Nasdaq that it did not comply with the minimum $2.5M shareholders' equity requirement or the applicable alternative standards. The company submitted a plan to regain compliance, but it was not accepted by Nasdaq. The company requested a hearing to discuss the decision and the Panel grants the company until December 13 to demonstrate compliance with the net income alternative standard under the Rule.
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TNDM | Hot Stocks17:17 EDT Tandem Diabetes announces NEJM publication of t:slim X2 insulin pump study - Tandem Diabetes announced publication by the New England Journal of Medicine of results from the landmark Protocol 3 study of the National Institutes of Health-funded International Diabetes Closed Loop trial using the t:slim X2 insulin pump with Control-IQ advanced hybrid closed-loop technology. The DCLP3 study was the first-ever large-scale, six-month closed-loop study that included a dedicated control group. Over the six-month study period, use of Control-IQ technology led to a higher percentage of time spent in range, less hyper- and hypoglycemia and better HbA1c levels than use of a sensor augmented pump. No severe hypoglycemic events were reported, and 100% of participants completed the study. The article was published today on the journal website, NEJM.org, and will appear in the October 31, 2019 printed issue.
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LMT | Hot Stocks17:16 EDT Lockheed Martin awarded $108.32M Air Force contract for Mk21A RV program - Lockheed Martin has been awarded a $108.32M contract for the Mk21A Reentry Vehicle, or RV, program. This contract is to conduct technology maturation and risk reduction to provide a low technical risk and affordable RV capable of delivering the W87-1 warhead from the ground based strategic deterrent weapon system. Work will be performed at King of Prussia, Pennsylvania, and other various locations as needed, and is expected to be completed by October 2022. This award is the result of a competitive acquisition and one offer was received. FY19 research, development, test and evaluation funds in the amount of $8.03M are being obligated at the time of award. The Air Force Nuclear Weapons Center is the contracting activity.
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IBM | Hot Stocks17:15 EDT IBM says deleveraging plan is on track after suspending dividend payment in July
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SBUX | Hot Stocks17:13 EDT Starbucks alters operating segment reporting structure to reflect 'streamlining' - In the fourth quarter of fiscal 2019, Starbucks realigned its operating segment reporting structure to better reflect the cumulative effect of the company's streamlining efforts. Specifically, the previous China/Asia Pacific, CAP, segment and Europe, Middle East, and Africa, EMEA, segment have been combined into one International segment. The company will continue to provide supplemental information on its two lead growth markets, the U.S. and China, in its quarterly earnings news releases in accordance with its "Growth at Scale" agenda. Concurrently, results of Siren Retail, a non-reportable operating segment consisting of Starbucks ReserveTM Roastery & Tasting Rooms, Starbucks Reserve brand and Princi operations, which was previously included within Corporate and Other, is now reported within the Americas and International segments based on the geographical location of the operations. Starbucks has also changed the classification of certain costs, including reclassification of company-operated store occupancy costs from cost of sales to store operating expenses. There is no impact to consolidated net revenues, consolidated operating income, or net earnings per share as a result of these changes.
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BA | Hot Stocks17:13 EDT Boeing awarded $193.32M Navy contract modification - Boeing was awarded a $193.32M modification to a previously awarded firm-fixed-price, time and material, indefinite-delivery/indefinite-quantity contract. This modification provides CFM56-7B27A/3 and CFM56-7B27AE engine depot maintenance and repair, field assessment, maintenance repair and overhaul engine repair, and technical assistance for removal and replacement of engines for the P-8A Poseidon aircraft in support of the Navy, the government of Australia and foreign military sales customers. Work will be performed in Atlanta, Georgia and Seattle, Washington, and is expected to be completed in October 2020. No funds will be obligated at time of award. Funds will be obligated on individual orders as they are issued. The Naval Air Systems Command is the contracting activity.
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IBM V | Hot Stocks17:11 EDT IBM CFO says Red Hat continued to take share in Q3 - Says during Q3, IBM has helped Red Hat expand its footprint with Visa (V). Says Red Hat has recently hired about 1K new associates to address demand, while employee attrition has been stable.
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IBM | Hot Stocks17:08 EDT IBM CFO says Q3 cloud revenue growth accelerated across segments - Says entering "next chapter" of Cloud. Says Red Had is at the center of the transformation. Says company ideally positioned to lead in Hybrid Cloud. Comments taken from Q3 earnings conference call.
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GPOR | Hot Stocks17:05 EDT Gulfport Energy reports Q3 production 1,527 MMcfe/d, up 12% from Q2 - For Q3, Gulfport's net daily production mix was comprised of approximately 93% natural gas, 5% NGL and 2% oil. Gulfport's realized prices for Q3 were $1.73 per Mcf of natural gas, $78.59 per barrel of oil and $0.45 per gallon of NGL, resulting in a total equivalent price of $2.04 per Mcfe. Gulfport's realized prices for the third quarter of 2019 include an aggregate non-cash derivative loss of $54.1M.
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SNSS | Hot Stocks17:01 EDT Sunesis announces presentation of SNS-510 preclinical data - Sunesis Pharmaceuticals, announced a poster presentation at the 2019 AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics being held October 26-30, 2019 in Boston, Massachusetts.
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RMBS | Hot Stocks17:01 EDT Rambus selected by SEAKR for aerospace and satellite communications - Rambus announced that SEAKR Engineering selected the Rambus 28G Multi-protocol LR SerDes PHY and the CryptoManager Root of Trust for its next-generation ASIC and FPGA designs. "We're delighted that SEAKR has chosen Rambus high-speed interface and defense-grade security cores to provide their customers innovative and silicon-proven technologies," said Sean Fan, chief operating officer at Rambus. "Leading-edge IP solutions are mission critical to addressing the system design challenges for aerospace and satellite communications. Rambus best-in-class power, performance and area, including versatile and multi-protocol SerDes solutions and silicon-proven architecture were key differentiators in SEAKR's decision."
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CCI | Hot Stocks16:35 EDT Crown Castle received SEC subpoena for documents from 2015 to present - In September, Crown Castle International received a subpoena from the Securities and Exchange Commission requesting certain documents from 2015 through the present, primarily related to the company's long-standing capitalization and expense policies for tenant upgrades and installations in its services business. Prior to receiving this subpoena, the company previously provided information to the SEC related to certain services-related transactions. The company is cooperating fully with the SEC's investigation.
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IPI | Hot Stocks16:33 EDT Intrepid Potash CAO Joseph Montoya to resign - Intrepid Potash announced that Joseph Montoya, current VP and chief accounting officer, or CAO, will be resigning from Intrepid effective November 9 to pursue another career opportunity. Intrepid also announced the appointment of Matt Preston to VP of finance, effective November 10. Preston will serve as Intrepid's principal financial officer and principal accounting officer, roles that Montoya currently occupies. Preston currently serves as Intrepid's director of budget and forecast, while also leading its investor relations function.
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GME ON | Hot Stocks16:31 EDT GameStop SVP, Chief Accounting Officer Troy Crawford to resign - On October 11, the company and Troy Crawford agreed that Mr. Crawford would resign from the position of Senior Vice President and Chief Accounting Officer of GameStop (GME), effective October 28. Mr. Crawford will remain in service with the company as a Senior Advisor until November 30 to support the transition of his duties to his successor. At the end of that transition period, Mr. Crawford will resign from employment with the company and be entitled to the payments, rights and benefits associated with a "good reason" resignation under his existing employment and retention agreements. Mr. Crawford's resignation did not result from a disagreement with the company or any of its officers or directors on any matter relating to the operations, policies or practices of the company. The company has previously filed copies of Mr. Crawford's employment agreement, as amended, and retention agreement as exhibits to Current Reports on Form 8-K, as reflected in the list of exhibits included in the Company's Annual Report on Form 10-K filed with the Securities Exchange Commission on April 2. Bernard R. Colpitts, will succeed Mr. Crawford as the company's Senior Vice President and Chief Accounting Officer, effective October 28, 2019. Since February 2017, Mr. Colpitts has served as Vice President, Finance and Treasury and Chief Accounting Officer of ON Semiconductor (ON).
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ACDVF BA | Hot Stocks16:28 EDT Air Canada removes 737 MAX from flying schedule until February 14, 2020 - Air Canada (ACDVF) said hat it has now removed the Boeing (BA) 737 Max from its flying schedule until February 14, 2020. The decision is based on operational considerations for the airline, as it launches a new reservation system beginning next month. "Today we are extending to February 14, 2020 the removal of the Boeing 737 Max from our operating schedule. We are taking this prudent step as a result of the ongoing regulatory uncertainty about the timing of the aircraft returning to service. The extension will give us scheduling predictability through the implementation of the first phase of our new reservation system and the required stability as we prepare the second phase of the system roll-out, introducing it into the airport environment," said Lucie Guillemette, Executive Vice President and Chief Commercial Officer at Air Canada. "As a result of these and other measures we are taking, including leasing two additional wide-body aircraft through at least the March Break, customers can continue to book with full confidence on Air Canada." In compliance with a safety notice closing Canadian airspace issued by Transport Canada on March 13, 2019, Air Canada grounded its fleet of 24 Boeing 737 MAX aircraft. Final decisions on returning the 737 MAX to service will be based on Air Canada's safety assessment following the lifting of government safety notices and approval by international regulatory authorities.
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CXP | Hot Stocks16:22 EDT Columbia Property to acquire Normandy Real Estate Management in $100M deal - Columbia Property Trust announced that it has signed a definitive agreement to acquire Normandy Real Estate Management, LLC, a developer, operator and investment manager of office and mixed-use assets in New York, Boston, and Washington, D.C. Columbia will acquire Normandy's operating platform and its general partner interests in three active management funds in a cash and stock transaction with a total value of approximately $100M, exclusive of transaction and closing costs. The transaction is expected to close by year-end 2019 pending the completion of customary closing conditions. Columbia will acquire the Normandy operating platform and real property interests for aggregate consideration of approximately $100 million, exclusive of transaction and closing costs. This consideration will consist of $13.5 million in cash and approximately $86.5 million in convertible preferred units, issued at a strike price of $26.50 per share. In addition to Normandy's property and investment management businesses and their related fee streams, Columbia will acquire the general partnership interests and certain limited partnership interests totaling approximately 2 percent in each of Normandy Real Estate Fund III, LP; Normandy Real Estate Fund IV, LP; and Normandy Opportunity Zone Fund, LP. Not included in the transaction are Normandy Real Estate Fund, LP and Normandy Real Estate Fund II, LP, as well as several mixed-use suburban development projects. The transaction, which has been approved by Columbia's Board of Directors and Normandy's ownership partners, is expected to close before the end of the year, subject to various partner and lender consents, and other customary closing conditions. The transaction is not contingent upon receipt of financing.
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CCI | Hot Stocks16:21 EDT Crown Castle raises quarterly dividend 7% to $1.20 per share - We delivered terrific results in the third quarter and increased our annualized common stock dividend by 7% to $4.80 per share," stated Jay Brown, Crown Castle's Chief Executive Officer. "We believe our ability to offer towers, small cells and fiber solutions, which are all integral components of communications networks and are shared among multiple tenants, provides us the best opportunity to generate significant growth while delivering high returns for our shareholders. Further, we believe that the U.S. represents the best market in the world for communications infrastructure ownership, and we are pursuing that compelling opportunity with our comprehensive offering.
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HEPA | Hot Stocks16:21 EDT Hepion Pharmaceuticals announces CRV431 findings published - Hepion Pharmaceuticals announced that the peer-reviewed Journal of Pharmacology and Experimental Therapeutics has published Hepion's research article. The study presents findings on CRV431 that highlight its potential as a drug candidate for chronic liver diseases. In an in vitro cyclophilin isomerase assay, CRV431 inhibited all cyclophilin isoforms tested, suggesting multiple disease mechanisms in the liver could be targeted. Daily oral CRV431 dosing in mice and rats, across a wide range of dosing levels, led to up to a 15-fold accumulation of CRV431 in the liver compared to the blood, suggesting CRV431's pharmacokinetics favor hepatic delivery. In a six-week carbon tetrachloride mouse model of fibrosis, CRV431 decreased liver fibrosis by 43% compared to control, whereas obeticholic acid had no statistically significant direct effect on fibrosis. Three studies were conducted in a streptozotocin, high-fat diet mouse model of NASH with CRV431 doses of only 50 mg/kg administered orally each day. Fibrosis significantly decreased by approximately 50%, compared to the control group. In a late-stage NASH model where mice developed liver tumors, 10 weeks of oral CRV431 treatment significantly decreased tumor burden by about 50%.
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RGLS | Hot Stocks16:20 EDT Regulus presents preclinical data on ADPKD candidate RGLS4326 - Regulus presented preclinical data that identifies RGLS4326, a first-in-class anti-miR-17 oligonucleotide, as a potential disease-modifying treatment for autosomal dominant polycystic kidney disease , or ADPKD, at the Oligonucleotide Therapeutics Society Annual Meeting held October 13-16 in Munich. ADPKD is among the most common human monogenic disorders and a leading cause of end-stage renal disease. Preclinical studies with RGLS4326 have demonstrated direct regulation of PKD1 and PKD2 in human ADPKD cyst cells, a reduction in kidney cyst formation, improved kidney weight/body weight ratio, decreased cyst cell proliferation, and preserved kidney function in mouse models of ADPKD. The RGLS4326 IND is currently on a partial clinical hold by the FDA.
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UMPQ | Hot Stocks16:19 EDT Umpqua Holdings reports Q3 net interest margin 3.63% - The company's net interest margin was 3.63% for the third quarter, down seven basis points from 3.70% for the second quarter, primarily driven by the decrease in short-term interest rates during the quarter.
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ZYME | Hot Stocks16:18 EDT Zymeworks names Kathryn O'Driscoll chief people officer - Zymeworks announced the appointment of Kathryn O'Driscoll to the executive team as Chief People Officer. O'Driscoll brings over 20 years of experience as an executive-level human resources leader across large global organizations in the technology and non-profit sectors. "As Zymeworks becomes a later stage biotechnology company and expands its operations across the United States and Canada, Kathy will be instrumental in recruiting and supporting the very best talent to further strengthen our innovative, patient-centric culture," said Ali Tehrani, Ph.D., Zymeworks' President & CEO. "She brings a wealth of experience building and managing innovative teams rooted in a strong corporate culture at high-growth organizations like Microsoft, PATH, and Snowflake, which will serve our growing demands as we move closer to commercialization."
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CNXM | Hot Stocks16:18 EDT CNX Midstream Partners raises quarterly distribution 3.5% to 40.01c per unit - CNX Midstream Partners announced that the Board of Directors of its general partner, CNX Midstream GP, has declared a cash distribution of 40.01c per unit with respect to the third quarter. The distribution will be made on November 12 to unitholders of record as of the close of business on November 5. The distribution, which equates to an annual rate of $1.6004 per unit, represents an increase of 3.5% over the prior quarter, and an increase of 15% over the distribution paid with respect to the third quarter of 2018.
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AA | Hot Stocks16:17 EDT Alcoa lowers FY19 global aluminum deficit view to 0.8M-1.2M from 1.0M-1.4M MT - ForFY19, Alcoa continues to project a global aluminum deficit, ranging between 800K and 1.2M metric tons, down slightly from the previous quarter's estimate of a deficit between 1.0M and 1.4M metric tons. Global aluminum demand for FY19 is now estimated to be lower year-over-year, ranging between negative 0.6% and 0.4% , compared to the previous quarter's full-year estimate of global demand growth between 1.25% and 2.25%. The change is driven by weakening macroeconomic conditions, trade tensions between the US and China, and contracting manufacturing activity, especially in the global automotive sector. In the alumina market, Alcoa projects a global surplus for 2019, ranging between 1 million and 1.8 million metric tons, up from last quarter's estimate of 500 thousand metric tons to 1.3 million metric tons. The change is driven by faster restarts and expansions in the world ex-China as well as by lower alumina demand due to disruptions at several aluminum smelters in China.
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AA | Hot Stocks16:15 EDT Alcoa backs 2019 shipment outlook for Bauxite, Alumina and Aluminum - Alcoa's 2019 shipment outlook for Bauxite, Alumina and Aluminum remains unchanged from the prior full-year estimates. Total annual bauxite shipments are expected to range between 47.0-48.0M dry metric tons. Total alumina shipments are projected between 13.6-13.7M metric tons with anticipated operational improvements and higher year-on-year production. Aluminum shipments are expected to be between 2.8-2.9M metric tons. In Q4, Alcoa expects continued strong results in the Bauxite segment. In the Alumina segment, aside from market price impacts, the company expects benefits from higher volumes and lower costs for raw materials and maintenance. In the Aluminum segment, the company expects improvements primarily from lower alumina costs.
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CSX | Hot Stocks16:14 EDT CSX says Q3 intermodal revenue down 11% YoY - Domestic and International Intermodal markets decreased, primarily due to the impact of lane rationalizations.
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AA | Hot Stocks16:14 EDT Alcoa announces portfolio review to reduce costs - In addition to reporting quarterly results, Alcoa announced a multi-year portfolio review to drive lower costs and sustainable profitability. Planned initiatives include: "Over the next 12 to 18 months, Alcoa intends to pursue non-core asset sales expected to generate an estimated $500M to $1B in net proceeds. Based on annualized 2019 year-to-date results, the company estimates approximately $50M to $100M in reduced adjusted EBITDA due to such asset sales. Over the next five years, Alcoa plans to realign its operating portfolio, and has placed under review 1.5M metric tons of smelting capacity and 4M metric tons of alumina refining capacity. The review will consider opportunities for significant improvement, potential curtailments, closures or divestitures."
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AA | Hot Stocks16:12 EDT Alcoa reports Q3 adjusted EBITDA $388M vs. $844M last year - CEO Roy Harvey states: "Our third quarter showed continued strong operational performance and stability across our aluminum value chain. Our Bauxite and Alumina segments reached new quarterly production records since our launch in 2016, and our aluminum business continued to rebound. While market and pricing challenges persisted through the quarter, our cash balance remained steady."
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CSX | Hot Stocks16:12 EDT CSX says metals and equipment declined due to reduced metals demand - CSX says metals and equipment declined due to reduced metals demand, primarily in steel, construction and scrap markets.
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CSX | Hot Stocks16:10 EDT CSX says Q3 Automotive declined due to lower passenger car shipments - CSX says Automotive declined due to lower passenger car shipments, partially offset by growth in trucks and SUVs.
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CRZO | Hot Stocks16:09 EDT Carrizo Oil & Gas sees Q3 production volumes 69.5-69.6 BOE/d, up 6% from Q2 - Carrizo Oil & Gas provided an update on the company's operations for the third quarter. Production volumes during Q3 are currently expected to be 69,500-69,600 Boe/d, an increase of approximately 6% from the second quarter. Crude oil production is expected to account for approximately 66% of the company's production during the quarter, while natural gas and NGLs are expected to account for approximately 18% and 16%, respectively.
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NFLX | Hot Stocks16:09 EDT Netflix up 5.5% to $302.01 after Q3 earnings, Q4 subscriber guidance
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WTRH | Hot Stocks16:09 EDT Waitr Holdings CFO Yurecko to resign - Waitr Holdings announced that Jeff Yurecko, the company's current Chief Financial Officer, will resign from the position effective November 1, 2019. The company has initiated a search process to select a Chief Financial Officer. In addition, the company also announced that Board members, Sue Collyns and Scott Fletcher have resigned from the Board. The Board has initiated a search process to select new Board members. Jeff, Sue and Scott's decisions to resign were not related to a disagreement with the company over any of its operations, policies or practices, the company said.
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NFLX | Hot Stocks16:08 EDT Netflix to start disclosing revenue and membership by region - Netflix said: "Starting with our Q4'19 earnings report in January 2020, we plan to disclose revenue and membership by region, which is how we think about our business. Our four regions are Asia Pacific (APAC), Europe, Middle East & Africa (EMEA), Latin America (LATAM), and the US and Canada (UCAN). UCAN is roughly 90% US and 10% Canada. Under this new reporting format, we'll only provide membership guidance for global paid memberships for the next quarter with each earnings report. As we self-produce and license more original content that has global rights, we are finding US vs. international segment contribution margin reporting is becoming less useful internally. We'll stop reporting on it in January 2020 and continue to focus on global operating margin as our primary profitability metric. As a reminder, we'll no longer report free trial members beginning in 2020 as we informed you in our Q3'18 investor letter."
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NFLX | Hot Stocks16:08 EDT Netflix backs FY19 view of free cash flow of -$3.5B - Netflix said: "Net cash used in operating activities in Q3'19 was -$502 million vs. -$690 million in the prior year period. Free cash flow in Q3 totaled -$551 million vs. -$859 million in Q3'18. For the full year 2019, we're still expecting FCF of approximately -$3.5 billion. With our quickly growing revenue base and expanding operating margins, we will be able to fund more of our content spending internally. As a result, we're expecting free cash flow to improve in 2020 vs. 2019 and we expect to continue to improve annually beyond 2020. As we move slowly toward FCF positive, our plan is to continue to use the high yield market in the interim to finance our investment needs."
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KMI | Hot Stocks16:07 EDT Kinder Morgan declares 25c per share quarterly dividend - Kinder Morgan said its board of directors approved a cash dividend of $0.25 per share for the third quarter payable on November 15, 2019, to common stockholders of record as of the close of business on October 31, 2019. "The dividend we announce today represents a 25 percent increase over the fourth quarter 2018 dividend, as we continue to deliver on the dividend growth plan we outlined two years ago," said Richard D. Kinder, Executive Chairman.
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NFLX | Hot Stocks16:07 EDT Netflix says preparing for new wave of competition 'for a long time' - Netflix said: "We did well during the first decade of streaming. We've been preparing for this new wave of competition for a long time. It's why we started investing in originals in 2012 and expanded aggressively ever since - across programming categories and countries with an ambition to share stories from the world to the world. In Q4, with The Crown, The Witcher, Klaus, The Irishman, The Two Popes, 6 Underground, and many other amazing titles launching, we're ready to compete to earn consumers' attention and viewing."
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GEN | Hot Stocks16:06 EDT Genesis Healthcare enters into investment agreements - Genesis HealthCare announced that it has made an investment with a private investor involving 18 skilled nursing facilities previously leased by Genesis from Second Spring Healthcare Investments and Welltower. Separately, eight owned facilities were sold to third parties for total sale proceeds of approximately $89M. Proceeds were used to repay indebtedness and fund transaction expenses. Genesis will no longer operate the eight facilities. Genesis continues to operate the 18 facilities pursuant to a new lease with the new owner. The 18 facilities had been included in the company's master leases with Second Spring and Welltower and were subject to annual rent escalators ranging from 2.0%-2.5%. The eight facilities that Genesis will no longer operate have aggregate annual revenue of approximately $83M. As a result, Genesis estimates its annual adjusted EBITDA will decline approximately $4.5M and pre-tax net loss will improve by $1.9M.
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NFLX... | Hot Stocks16:06 EDT Netflix says launch of competing services will be 'noisy' - Netflix said: "Many are focused on the 'streaming wars,' but we've been competing with streamers (Amazon, YouTube, Hulu) as well as linear TV for over a decade. The upcoming arrival of services like Disney+, Apple TV+, HBO Max, and Peacock is increased competition, but we are all small compared to linear TV. While the new competitors have some great titles (especially catalog titles), none have the variety, diversity and quality of new original programming that we are producing around the world. The launch of these new services will be noisy. There may be some modest headwind to our near-term growth, and we have tried to factor that into our guidance. In the long-term, though, we expect we'll continue to grow nicely given the strength of our service and the large market opportunity. By way of example, our growth in Canada, where Hulu does not exist, is nearly identical to our growth in the US (where Hulu is very successful at about 30 million paid memberships)."
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CGNX | Hot Stocks16:06 EDT Cognex acquires SUALAB, terms not stated - Cognex announced the acquisition of SUALAB, a Korean-based developer of vision software using deep learning for industrial applications. The addition of SUALAB's engineering team and intellectual property is expected to enhance Cognex's existing deep learning capabilities based on technology acquired from ViDi Systems in April of 2017.
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NFLX | Hot Stocks16:04 EDT Netflix says on track to achieve FY19 operating margin goal of 13% - Netflix said: "We're on track to achieve our full year 2019 operating margin goal of 13%. In 2020, we'll be targeting another 300 basis points in operating margin expansion, consistent with the annual margin improvement we've delivered each year since 2017. As we've said previously, large swings in F/X could lead to some variations from our steady annual margin progression, partially because we don't buy derivatives to hedge our F/X exposure and about half of our revenue is not in US dollars."
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VNDA | Hot Stocks16:03 EDT Vanda Pharmaceuticals urges federal agencies to comply with White House orders - Vanda Pharmaceuticals urges federal agencies, particularly the U.S. FDA, to comply with the release of the White House Executive Orders encouraging transparency and accountability when guidance documents are issued without the notice-and-comment rulemaking process required under the Administrative Procedure Act. "The recent Executive Orders appropriately identify the issues associated with the issuance of guidance documents. The actions taken by the White House last week confirm that a more aggressive approach is needed to limit the use of guidance documents as a tool to circumvent the federal rule-making process," said Mihael Polymeropoulos, M.D., Vanda's President and CEO.
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UIHC | Hot Stocks16:03 EDT United Insurance pre-announces Q3 catastrophe losses of $46M - United Insurance announced that it expects to incur approximately $46M pre-tax of net retained catastrophe losses from Tropical Storms Barry and Imelda, Hurricane Dorian and increased retention from non-tropical events related to the company's aggregate reinsurance program for the quarter ended September 30, 2019. During Q3, the company is also estimating approximately $15M pre-tax of adverse reserve development stemming from catastrophe losses in prior accident years.
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NFLX | Hot Stocks16:02 EDT Netflix sees Q4 streaming paid net additions of 7.6M members - Netflix said: "For Q4, we're expecting consolidated revenue to increase 30% year over year with 9% streaming ARPU growth. We're forecasting 7.6m global paid net adds (vs. 8.8m last Q4), with 0.6M in the US and 7.0M for the international segment. This implies full year 2019 paid net adds of 26.7M, down from 28.6M last year. While we had previously expected 2019 paid net adds to be up year over year, our current forecast reflects several factors including less precision in our ability to forecast the impact of our Q4 content slate, which consists of several new big IP launches (as opposed to returning seasons), the minor elevated churn in response to some price changes, and new forthcoming competition. As we outline in more detail below, our long term outlook on our business is unchanged."
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FTFT | Hot Stocks16:02 EDT Future FinTech regains compliance with Nasdaq periodic filing requirement - Future FinTech has received a letter from Nasdaq notifying the company that it has regained compliance with Nasdaq's periodic filing requirements for continued listing on the Nasdaq Capital Market and the matter is now closed. On September 18, the company submitted its plan of compliance in connection with its failure to meet the requirement of maintaining a minimum of $2.5M in shareholders' equity for continued listing on the Nasdaq Capital Market. If the plan is accepted, Nasdaq can grant the company an extension up to 180 calendar days to demonstrate compliance. The company is still waiting for the Nasdaq's determination whether the plan is accepted.
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NFLX | Hot Stocks16:01 EDT Netflix reports Q3 streaming paid net additions of 6.77M members - Netflix said: "Total paid net adds of 6.8M increased 12% year over year and was an all-time Q3 record. As a reminder, the quarterly guidance we provide is our actual internal forecast at the time we report and we strive for accuracy. In Q3, our guidance forecast was our most accurate in recent history. In the US, paid net adds totaled 0.5M in Q3 vs. our 0.8M forecast, and year to date paid net adds are 2.1m vs. 4.1m in the first nine months of 2018. Since our US price increase earlier this year, retention has not yet fully returned on a sustained basis to pre-price-change levels, which has led to slower US membership growth. On a member base of more than 60m, very small movements in churn can have a meaningful impact on paid net adds. However, revenue growth has been accelerating as US ARPU increased 16.5% year over year in Q3. With more revenue, we'll continue to invest to improve our service to further strengthen our value proposition."
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BA | Hot Stocks15:24 EDT Boeing contracted to build rocket stages for NASA's Artemis missions - NASA and Boeing have initiated a contract for the production of 10 Space Launch System core stages and up to eight Exploration Upper Stages to support the third through the twelfth Artemis missions, the company announced. Up to 10 additional core stages may be ordered under the contract, leveraging active labor, materials, and facility resources and supply chain efficiencies for production savings. "We greatly appreciate the confidence NASA has placed in Boeing to deliver this deep space rocket and their endorsement of our team's approach to meeting this unprecedented technological and manufacturing challenge in support of NASA's Artemis program. Together with a nationwide network of engaged and innovative suppliers we will deliver the first core stage to NASA this year for Artemis I. This team is already implementing lessons learned and innovative practices from the first build to produce a second core stage more efficiently than the first. We are committed to continuous improvement as they execute on this new contract," said Jim Chilton, senior vice president of Boeing's Space and Launch division.
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NBEV | Hot Stocks15:19 EDT New Age Beverages announces return of Nestea instant sweet iced tea mix - New Age Beverages, which had teased "big news" earlier, said on its official Twitter account: "Nestea Instant Sweet Iced Tea Mix is back! We are so excited to bring back this family favorite. After reading hundreds of messages asking for this staple product, Nestea USA decided they had to make Instant again! Welcome back, Nestea Instant." Reference Link
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HIIQ | Hot Stocks15:13 EDT Health Insurance Innovations rises 3% to $27.13 - A late day move higher in shares of Health Insurance Innovations may be attributable to speculation that the company cancelled out of a planned conference appearance, according to Fly contacts.
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BYD... | Hot Stocks14:49 EDT NJ reports September gaming revenue up 7.8% to $303.5M - The New Jersey Division of Gaming Enforcement reported yesterday that total gaming revenue for September was $303.5M, compared to $281.5M in September 2018, reflecting a 7.8% increase. Casino win for September was $224.5M, decreasing 3.2% from the same month last year. Internet gaming win was $41.1M in September, compared to $25.8M in the prior period, reflecting an increase of 59.7%. Sports wagering gross revenue was $37.9M for the month, compared to $23.8M for the same month last year, reflecting a 59.3% increase. Publicly traded companies in the casino gaming space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
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C | Hot Stocks14:46 EDT Citi reports agreement to purchase 580 CrossPoint Parkway from Uniland - Citi has signed a purchase and sale agreement for 580 CrossPoint Parkway in the CrossPoint Business Park and approximately nine acres of adjacent land from owner Uniland Development Company. "This building purchase is a part of Citi's Amherst office complex, and demonstrates Citi's long-term commitment to remain in Western New York. With this transaction, Citi will own the 158,000 square foot building located at 580 CrossPoint Parkway and will extend its lease with Uniland on the conjoined 107,000 square foot building located at 540 CrossPoint Parkway," the bank stated. The transaction is expected to close in November 2019.
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PSXP | Hot Stocks14:43 EDT Phillips 66 Partners raises quarterly distribution 9% to 86.5c per unit - Phillips 66 Partners LP announced that the board of directors of its general partner declared a third-quarter 2019 cash distribution of 86.5c per common unit, an increase of one cent per common unit from the second quarter of 2019. This is the twenty-fourth consecutive quarterly distribution increase since Phillips 66 Partners' initial public offering in 2013 and represents a 9% increase compared to the third-quarter 2018 distribution. The quarterly distribution is payable Nov. 13, 2019, to unitholders of record as of Oct. 31, 2019.
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PINC GE | Hot Stocks14:23 EDT Premier, GE collaborating on U.S. model for same-day breast cancer diagnosis - GE Healthcare (GE) and Premier (PINC) have announced a collaboration to develop a model to bring a same-day breast cancer diagnosis and treatment model to the United States. A similar model has already proven effective at the Gustave Roussy Cancer Campus in France, the companies stated. To support the effort, Premier conducted a Rapid Evidence Review, one of the first comprehensive evaluations of expedited diagnosis for patients with breast cancer. Based on the results of the first phase of the collaboration, GE Healthcare and Premier will next evaluate the potential and merits associated with adopting the One-Stop Clinic model in the United States. The companies have convened an advisory board to provide insight on the One-Stop Clinic model, as well as guidance and counsel on best approaches to redesign it for the U.S. market.
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FB | Hot Stocks13:32 EDT Facebook unveils ReAgent to help build models that make and rely on decisions - Jason Gauci, Honglei Liu, Mohammad Ghavamzadeh, and Ralfi Nahmias of Facebook Artificial Intelligence wrote in a blog post: "Whether they're designed to surface product recommendations or navigate busy highways, reasoning systems for real-world decision-making require some of the most sophisticated policies in machine learning. But despite advances in reinforcement learning, RL, and other reward-based approaches, learning through trial and error is difficult in unpredictable environments, and developing policies that can achieve complex objectives is often time- and resource-intensive. To overcome challenges like this, we are introducing ReAgent, a full suite of tools designed to streamline the process of building models that make and rely on decisions. ReAgent is composed of these three resources:Models that generate decisions and receive feedback on those decisions. An offline evaluator module that estimates how new models will perform before they are deployed in production. A serving platform for deploying models at scale, collecting the most useful feedback, and iterating quickly." Reference Link
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LEVI WWW | Hot Stocks13:08 EDT Wolverine World Wide appoints Angelo Ng as chief merchant officer - Wolverine World Wide (WWW) announced the addition of veteran merchandising and branding expert Angelo Ng as the company's first-ever chief merchant officer. Most recently, he served as VP of Levi's (LEVI) men's, collections, collaborations and accessories merchandising. In this newly created role, Ng will lead the merchandising growth strategy and innovation roadmap for the portfolio of brands. Ng will focus on aligning consumer insights, market intelligence, advanced concepts, trends and strategy.
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PDCO | Hot Stocks13:06 EDT Patterson does not believe FTC recommendation will impact financials - Patterson Companies commented on the recommendation from the Federal Trade Commission's Administrative Law Judge regarding the administrative complaint filed on February 12, 2018. The recommendation concerns alleged conduct in 2013 regarding the company's willingness to negotiate with "buying groups." The company said, "We strongly disagree with any finding against Patterson and believe the facts demonstrate the company's independent decision-making in a highly competitive industry. We are evaluating all of our legal options, including appealing to the full Commission to review the facts of the matter." Patterson added, "The non-binding initial recommendation from the ALJ to the FTC does not include a monetary fine or penalty and does not recommend imposing an outside monitor. The matter will now be referred to the FTC's Commissioners for their final determination. While it is not possible to predict with certainty the outcome of the FTC process, the Company does not anticipate that this matter will have a material adverse effect on its financial condition or results of operations." It concluded, "Patterson takes compliance very seriously and maintains the highest levels of integrity and ethical standards while partnering with all types of customers to support their businesses and provide outstanding care to their patients."
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LSCC | Hot Stocks13:02 EDT Lattice MachXO3D secure control FPGA receives security certification from NIST - Lattice Semiconductor announced its MachXO3D FPGAs for secure system control received the National Institute of Standards and Technology's, NIST, Cryptographic Algorithm Validation Program, CAVP, certification. CAVP certification validates that critical MachXO3D cryptographic algorithms are compliant with Federal Information Processing Standards, FIPS, the U.S. federal government's standard for cryptographic software. By complying with both the CAVP and NIST's Platform Firmware Resilience specifications, the MachXO3D FPGA's security mechanisms can protect, detect and recover the device and other system components from unauthorized firmware access throughout its operating life: from the device's initial integration, through system shipment, installation and its entire operational life.
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HSIC | Hot Stocks12:43 EDT Henry Schein CEO says 'committed to doing business in an ethical manner' - Henry Schein issued the following statement in response to a ruling by D. Michael Chappell, the Chief Administrative Law Judge of the U.S. Federal Trade Commission, who dismissed claims that Henry Schein conspired with competitors to avoid providing discounts to, or to otherwise serve, buying groups representing dental practitioners. "We have publicly denied these allegations from the very start of this matter," said Stanley M. Bergman, Chairman of the Board and CEO, Henry Schein, Inc. "Henry Schein has always been committed to doing business in an ethical manner wherever we operate, and our team looks forward to continuing to serve our customers and suppliers with the excellence that is expected from us."
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AMZN | Hot Stocks12:33 EDT U.K.'s CMA announces formal investigation of Amazon's Deliveroo investment - The Competition and Markets Authority, the U.K.'s antitrust watchdog, has launched a formal probe into the acquisition by Amazon of certain rights and a minority shareholding in Roofoods, trading as Deliveroo, it said in a statement. The Fly notes that in July, British authorities said it was reviewing Amazon's proposed investment in the food delivery startup. Reference Link
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NBEV | Hot Stocks12:32 EDT New Age Beverages says on Twitter that 'big news coming' for Nestea - The official Twitter account for New Age Beverages tweeted: "The countdown is on. Big news coming from #Nestea" Reference Link
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GM | Hot Stocks12:18 EDT General Motors confirms UAW's statement regarding proposed tentative agreement - GM said in a statement: "We can confirm the UAW's statement regarding a proposed tentative agreement. Additional details will be provided at the appropriate time." Reference Link
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APHA | Hot Stocks12:00 EDT Aphria falls -8.1% - Aphria is down -8.1%, or -44c to $4.99.
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NOW | Hot Stocks12:00 EDT ServiceNow falls -8.3% - ServiceNow is down -8.3%, or -$22.84 to $251.40.
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AVD | Hot Stocks12:00 EDT American Vanguard falls -12.6% - American Vanguard is down -12.6%, or -$1.94 to $13.38.
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HOV | Hot Stocks12:00 EDT Hovnanian rises 8.2% - Hovnanian is up 8.2%, or $2.15 to $28.40.
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OMI | Hot Stocks12:00 EDT Owens & Minor rises 8.2% - Owens & Minor is up 8.2%, or 53c to $6.98.
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FIT | Hot Stocks12:00 EDT Fitbit rises 8.7% - Fitbit is up 8.7%, or 30c to $3.75.
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GM | Hot Stocks11:57 EDT UAW sends proposed tentative deal to UAW GM members to ratify - Following five weeks of intense negotiations, the UAW GM National Negotiators and UAW GM Vice President Terry Dittes announced the achievement of a Proposed Tentative Agreement with General Motors. The elected national negotiators voted to recommend the UAW GM National Council accept the Proposed Tentative Agreement as the agreement represents major gains for UAW workers. "The number one priority of the national negotiation team has been to secure a strong and fair contract that our members deserve," said UAW Vice President Terry Dittes, Director of the UAW GM Department. The union said it would refrain from commenting on the details "out of respect" for its members until the UAW GM leaders gather together and receive all details. On September 15, the UAW GM National Council voted to strike. The UAW GM National Council will meet and review details on October 17, 2019 in a private meeting, at which time they will vote on whether to recommend it to the full UAW-GM membership for ratification. Until the Council reviews and votes to approve the proposed tentative agreement the strike will continue. During the October 17 meeting, the Council will decide whether to continue the strike until ratification concludes or to stop the strike at the time of the Council's approval of the agreement. Shares of General Motors rose 2.4% after the news. Reference Link
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PDCO HSIC | Hot Stocks11:55 EDT Judge rules Patterson Companies violated U.S. antitrust laws in FTC complaint - Chief Administrative Law Judge D. Michael Chappell has held that two of three respondents named in a Federal Trade Commission complaint violated U.S. antitrust laws by conspiring to refuse to provide discounts to, or otherwise serve, buying groups representing dental practitioners. The FTC's February 2018 administrative complaint named the nation's three largest dental supply companies: Benco Dental Supply Company, Henry Schein (HSIC), and Patterson Companies (PDCO). As full-service dental distributors, these companies offer gloves, cements, sterilization products and a range of other consumable supplies, as well as equipment, such as dental chairs and lights. Collectively, the big three control more than 85% of all distributor sales of dental products and services nationwide. The U.S. market for dental products is valued at approximately $10B. Judge Chappell held that Benco and Patterson were part of the conspiracy, but Schein was not. Reference Link
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HSIC | Hot Stocks11:50 EDT Judge dismisses FTC complaint against Henry Schein - Chief Administrative Law Judge D. Michael Chappell has held that two of three respondents named in a Federal Trade Commission complaint violated U.S. antitrust laws by conspiring to refuse to provide discounts to, or otherwise serve, buying groups representing dental practitioners. The FTC's February 2018 administrative complaint named the nation's three largest dental supply companies: Benco Dental Supply Company, Henry Schein (HSIC), and Patterson Companies. As full-service dental distributors, these companies offer gloves, cements, sterilization products and a range of other consumable supplies, as well as equipment, such as dental chairs and lights. Collectively, the big three control more than 85 percent of all distributor sales of dental products and services nationwide. The U.S. market for dental products is valued at approximately $10B. Judge Chappell held that Benco and Patterson were part of the conspiracy, but Schein was not. Judge Chappell added that the evidence fails to prove a conspiracy involving Schein, and dismissed the complaint against Schein. Reference Link
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IRBT | Hot Stocks11:48 EDT SharkNinja says 'will aggressively defend' against iRobot patent suit - SharkNinja announced that it filed a complaint last week against iRobot Corporation in the United States District Court for the District of Delaware seeking a ruling from the court that the Shark IQ Robot does not infringe certain iRobot patents directed to robotic vacuum cleaners. "SharkNinja filed this lawsuit in response to a threatening letter from iRobot wrongly accusing SharkNinja of infringing these patents. SharkNinja takes intellectual property very seriously and takes active steps to avoid violations of any intellectual property. In response to SharkNinja's lawsuit, yesterday iRobot filed a lawsuit in the United States District Court for the District of Massachusetts alleging infringement of some of the patents identified in SharkNinja's original Delaware lawsuit. iRobot also filed a motion seeking a preliminary injunction. iRobot's lawsuit is their latest attempt to dominate the robot vacuum cleaner market through litigation and deny consumers the choice of robotic vacuum cleaners at affordable prices. SharkNinja filed its lawsuit first in order to quickly clear its name and put an immediate stop to iRobot's threats. SharkNinja will aggressively defend itself against any and all unsubstantiated claims of patent infringement and is confident that it will prevail in this matter," the company stated.
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GM | Hot Stocks11:43 EDT GM shares up over 2% after UAW sends tentative deal to members to ratify - Shares of General Motors (GM) are up nearly 2.5% following multiple media reports that the automaker and the UAW have agreed on a tentative labor pact that union members now must ratify.
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COMM | Hot Stocks11:42 EDT CommScope patents upheld by German federal patent court - The German Federal Patent Court has issued decisions upholding the validity of important CommScope patents that had been challenged by a competitor, COMLAB. At an October 9 oral hearing, the German Federal Patent Court rejected challenges by COMLAB regarding the validity of the German part of European Patent EP1022849B1 owned by CommScope's affiliate Andrew Wireless Systems. The Federal Patent Court already upheld the German part of European Patent EP2180605B1 in a decision dated March 27, 2019. COMLAB filed appeal against the Federal Patent Court's decision that is now pending before the Federal Supreme Court and can appeal the most recent decision. Earlier this year, CommScope won two patent infringement actions against COMLAB's InTrain repeaters, asserting the German parts of European Patents EP1022849B1 and EP2180605B1. Both decisions were appealed and are now pending before the Higher Regional Court Dusseldorf. During the infringement proceedings, one of the claims for The German part of European Patent EP2180605B1 was revised and upheld as valid, which COMLAB was found to infringe by the District Court of Dusseldorf. COMLAB attempted to challenge the validity of both patents, but the October 9 decision by the German Federal Patent Court has now upheld both patents. "We are pleased with the court's decision," said Thomas Kummetz, vice president of Distributed Coverage and Capacity Systems for CommScope's Mobility Solutions. "CommScope remains committed to protecting the valuable innovations it delivers to its customers, and we are satisfied that the Patent Court has recognized the contributions these inventions have made in this field." In addition, in June 2019, CommScope won a jury verdict in the United States District Court for the Northern District of Texas against Dali Wireless for patent infringement of multiple patents relating to digital distributed antenna systems.
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BLL | Hot Stocks11:35 EDT Ball Corp. to build new $200M aluminum cups manufacturing plant in Georgia - Ball Corporation announced earlier that it will begin construction on its first dedicated aluminum cups manufacturing facility to serve the growing demand for sustainable beverage packaging for U.S. customers and consumers. The new aluminum cups manufacturing facility will be adjacent to Ball's existing aluminum beverage can manufacturing plant in Rome, Georgia, and is expected to ramp up production in the fourth quarter of 2020. Ball plans to hire approximately 145 new employees for the cups facility to support the multi-year investment of approximately $200M. Atlanta-based KBD Group Inc. is serving as general contractor on the project. "We're increasingly hearing from customers and consumers that they want to do the right thing for the environment, and they need more options," said John A. Hayes, chairman, president and CEO. "This product launch is aligned with our Drive for 10 strategy and is another step in innovating to serve unmet needs. Using our years of experience and specialized expertise, we are proud to provide both our customers and consumers with another environmentally friendly and fun option in our industry-leading portfolio of aluminum packages."
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CASY | Hot Stocks11:32 EDT Casey's General Stores appoints Tom Brennan as chief merchandising officer - Casey's General Stores announced that it has named Tom Brennan as chief merchandising officer, reporting to Darren Rebelez, CEO. Brennan will lead the development and implementation of the company's overall merchandising and prepared foods strategy. Brennan joins Casey's from CKE Restaurants Holdings, the parent of Carl's Jr. and Hardee's, where he was COO.
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TMUS S | Hot Stocks10:51 EDT FCC commissioner Rosenworcel says T-Mobile, Sprint deal will raise prices - Federal Communications Commission Commissioner Jessica Rosenworcel issued a statement explaining why she voted against the FCC's order approving the merger between T-Mobile (TMUS) and Sprint (S). She explained, "We've all seen what happens when markets become more concentrated after a merger like this one. In the airline industry, it brought us baggage fees and smaller seats. In the pharmaceutical industry, it led to a handful of drug companies raising the prices of lifesaving medications. There's no reason to think this time will be different. Overwhelming evidence demonstrates that the T-Mobile-Sprint merger will reduce competition, raise prices, lower quality, and slow innovation. Moreover, the remedies that are supposed to save consumers from the problems with this merger do little more than camouflage its harm. With 5G on the horizon, our dependence on wireless connectivity is bound to grow. It's not the time to count on ineffective deployment commitments, higher prices, and less vigorous competition to help the benefit of this new technology reach us all." Reference Link
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UAL | Hot Stocks10:50 EDT United Airlines sees potential for higher fares over holidays - Management says all hubs are profitable on an annual basis.
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PNC | Hot Stocks10:47 EDT PNC Financial says still sees FY20 net interest income down about 1%
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PNC | Hot Stocks10:45 EDT PNC Financial sees one rate cut for rest of 2019
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PNC | Hot Stocks10:45 EDT PNC Financial sees continued growth in GDP, albeit at a slower pace
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UAL BA | Hot Stocks10:43 EDT United Airlines says Boeing 737 MAX returns impact won't affect profit guidance
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PNC | Hot Stocks10:43 EDT PNC Financial says on track to reduce costs by $300M in 2019
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UAL | Hot Stocks10:42 EDT United Airlines plans to increase aircraft size to help with costs - Comments provided during Q3 earnings conference call.
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PNC | Hot Stocks10:34 EDT PNC Financial notes 'obvious unanswered questions' about operating environment - Comments taken from Q3 earnings conference call.
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CRLBF | Hot Stocks10:18 EDT Cresco Labs receives adult-use approval for all five Illinois dispensaries - Cresco Labs announced that it has received Early Approval Adult-Use Dispensing Organization Licenses for all five of its existing Illinois medical cannabis dispensaries. Cresco received approval for adult-use cultivation on September 30th making it the only company approved for both adult-use cultivation and adult-use dispensary operations in the state. Cresco Labs currently has five medical dispensaries in the state of Illinois, including: Phoenix Botanical; MedMar Lakeview; MedMar Rockford; PDI Medical; and FloraMedex. Each of these dispensaries has received approval for adult-use sales. As an existing medical cannabis dispensary operator, the Company will receive an additional adult-use license for each of its current medical dispensaries, which will bring Cresco Labs' total adult-use footprint to 10 total retail dispensary locations. In July, Cresco Labs announced the formation of a new national retail brand Sunnyside, a wellness-focused retailer designed to build trust, education and convenience for both existing and new cannabis consumers. All of the Company's Illinois dispensaries will transition to this new retail concept. The Company's three cultivation licenses located in Joliet, Kankakee and Lincoln, can represent a total combined cultivation space at completion of 630,000 square feet per Illinois state regulations.
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AEP | Hot Stocks10:06 EDT American Electric names Julius Cox SVP, chief human resources officer - American Electric Power has named Julius Cox senior vice president and chief human resources officer effective Oct. 21. Cox will succeed Tracy A. Elich, vice president, Human Resources, who is retiring Dec. 31 after more than 43 years with the company. Cox will have responsibility for strategically aligning human resources functions and processes in support of AEP's overall business strategy including oversight of employee relations, leadership and organization development, culture and diversity, benefits and compensation, operations, wellness and productivity for AEP's 18,000 employees. He will report to Lana Hillebrand, executive vice president and chief administrative officer. Cox was most recently executive vice president and chief transformation officer for Dynegy.
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AEO | Hot Stocks10:05 EDT American Eagle to hire roughly 10,000 part-time seasonal brand ambassadors - American Eagle Outfitters announced plans to hire nearly 10,000 part-time seasonal brand ambassadors to join its American Eagle and Aerie store teams. A hiring event in the U.S. and Canada will take place at AE and Aerie stores on Sunday, October 20, 2019. Part-time associates receive a 40% merchandise discount and access to a rewards app to redeem individualized prizes and merchandise.
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VRRM | Hot Stocks10:01 EDT Verra Mobility to acquire Pagatelia, terms not disclosed - Verra Mobility announced it has signed an agreement to acquire Spanish company Pagatelia, a European leader in electronic tolling throughout Spain, Portugal, France and Italy. This acquisition enables Verra Mobility to accelerate its expansion of tolling solutions for rental car and fleet companies across Europe in a rapidly growing global tolling market expected to multiply from 196M tolling vehicles to more than 540M by 2025. The transaction is expected to close at the end of October, subject to customary closing conditions.
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AYX | Hot Stocks10:00 EDT Alteryx falls -6.8% - Alteryx is down -6.8%, or -$7.68 to $104.55.
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CPS | Hot Stocks10:00 EDT Cooper-Standard falls -7.7% - Cooper-Standard is down -7.7%, or -$2.79 to $33.56.
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AVD | Hot Stocks10:00 EDT American Vanguard falls -12.2% - American Vanguard is down -12.2%, or -$1.88 to $13.45.
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OMI | Hot Stocks10:00 EDT Owens & Minor rises 6.2% - Owens & Minor is up 6.2%, or 40c to $6.85.
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TEVA | Hot Stocks10:00 EDT Teva rises 6.3% - Teva is up 6.3%, or 44c to $7.41.
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DFIN | Hot Stocks10:00 EDT Donnelley Financial Solutions rises 6.7% - Donnelley Financial Solutions is up 6.7%, or 71c to $11.26.
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ABT | Hot Stocks09:49 EDT Abbott says focused on organic execution - Says: Continuing to strengthen product portfolio... Sees no change to momentum across business units... All fundamentals are strong... Anticipates significant expansion of FreeStyle Libre product... Libre 2 facing "handful" of issues at FDA... Confident on future of Libre... In a strong cash position... No active M&A on radar screen... Happy with R&D pipeline... MitraClip in "early innings" of growth... China "doesn't seem" to be affecting the business... Demand for company's products in China has been strong... China business is good... Underlying growth in emerging markets "has slowed some, but is still good." Comments taken from Q3 earnings conference call.
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MCK | Hot Stocks09:47 EDT McKesson rises 4.1% - McKesson is up 4.1%, or $5.67 to $143.84.
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DFIN | Hot Stocks09:47 EDT Donnelley Financial Solutions rises 5.1% - Donnelley Financial Solutions is up 5.1%, or 54c to $11.09.
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USB | Hot Stocks09:47 EDT U.S. Bancorp sees 2020 as 'challenging' year 'because of where rates are today'
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MFGP | Hot Stocks09:47 EDT Micro Focus rises 5.1% - Micro Focus is up 5.1%, or 71c to $14.58.
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USB | Hot Stocks09:41 EDT U.S. Bancorp sees Q4 NII down in low single digits y/y - Sees Q4 NII down in low single digits on y/y basis. Sees Q4 fee revenue up in mid single digits on a core basis. Sees positive operating leverage for FY19. Expects credit quality to remain stable in Q4. Comments taken from Q3 earnings conference call.
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CNBX | Hot Stocks09:37 EDT Cannabics reports publication of study on controlled release capsules - Cannabics Pharmaceuticals announced that the final results of its pilot study to test the efficacy of Cannabics' Dosage-Controlled capsules for the treatment of cancer anorexia-cachexia syndrome in advanced cancer patients have been published on the Journal of Integrative Cancer Therapies. The study objective was to evaluate the effect of dosage-controlled cannabis capsules on CACS in advanced cancer patients, and more specifically, on patient weight variation. During the study, some patients reported several psychoactive side effects and it was decided to reduce the capsules' dosage to 5 mg. Almost no side effects were reported with the Cannabics 5 mg dosage. It seems that this dosage is appropriate for the treatment of CACS in advanced cancer patients under active treatment. Despite various limitations, the current preliminary study demonstrated a weight increase of greater than or equal to10% in 3/17 of the patients with doses of 5 mg x 1 or 5 mg x 2 capsules daily, without significant side effects. The results justify a larger study with dosage-controlled cannabis capsules in CACS.
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TMDI | Hot Stocks09:37 EDT Titan Medical withdraws previously published milestones - Titan Medical announced last night that it has filed and been receipted for an amended and restated preliminary short form prospectus with securities regulators in the provinces of Ontario, British Columbia and Alberta. Titan has also filed a corresponding registration statement on Form F-10 with the United States Securities and Exchange Commission under the U.S.-Canada Multijurisdictional Disclosure System. Each of these filings is in connection with a proposed marketed offering of units of the company for total gross proceeds of a minimum of $15M and a maximum of $25M. Bloom Burton Securities has been engaged as the company's agent for the Offering and Northland Securities appointed as sub-agent with respect to the offer and sale of the units in the U.S. Each unit will be comprised of one common share of the company and one common share purchase warrant. It is expected that closing of the offering will occur on or about October 24. The net proceeds will be used to fund continued development work in connection with the company's single-port robotic surgical system, as well as for working capital and other general corporate purposes. The company also announced that it was withdrawing all forward-looking statements included in its continuous disclosure documents with respect to the cost and timing of the development of its robotic surgical system beyond the fourth quarter of 2019. "The company is withdrawing all forecasts with respect to the cost and timing of the development of its robotic surgical system beyond the fourth quarter of 2019 because its lack of financing has caused its primary product development supplier to limit the development work on the company's robotic surgical system. This supplier has also terminated the employment or engagement of a significant number of the employees and contractors who had been working with the supplier on the development of the company's robotic surgical system. Additionally, the company's relationship with another service provider has deteriorated as the service provider, on the one hand, has noted concerns about the company's inability to fully pay invoices while the company, on the other hand, has expressed dissatisfaction with the quality of the work performed by the service provider. On October 4, the company received a demand letter from attorneys engaged by the service provider demanding payment for all amounts the service provider believes it is owed by the company, being $2.9M. On October 11, the company issued a response letter to declining the terms of the demands set out and Titan has requested that the service provider cease all work on behalf of the company. These events will significantly impact the timing and costs associated with the completion of the company's future milestones as additional time and cost will be incurred to rehire employees and resume product development," Titan said in a regulatory filing.
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SYF PII | Hot Stocks09:33 EDT Synchrony, Polaris extend consumer financing partnership - Synchrony (SYF) announced it has renewed a multi-year financing agreement with Polaris (PII), For more than 13 years, Synchrony and Polaris have partnered to provide Polaris buyers access to special financing options and customized promotional installment loan offers through Polaris's widespread U.S. dealer network.
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USB | Hot Stocks09:30 EDT U.S. Bancorp says NIM declined due to impacts of yield curve - Says net interest margin declined, primarily due to the impacts of the yield curve, deposit and funding mix, and higher cash balances. Says net interest income growth was primarily driven by growth in earning assets and higher yields on reinvested securities, partially offset by declining rates and a flatter yield curve, as well as deposit and funding mix. Payment services revenue growth reflects higher sales volumes across all businesses. Deposit service charges declined, primarily due to the 2018 sale of the company's ATM third-party servicing business. Comments taken from Q3 earnings presentation slides.
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EOLS | Hot Stocks09:17 EDT Evolus, Clarion Medical announce first shipment of Nuceiva in Canada - Evolus and Clarion Medical Technologies announced the first shipment of Nuceiva in Canada. Nuceiva is a 900 kDa purified botulinum toxin type A formulation that is approved by Health Canada for the temporary improvement in the appearance of moderate to severe glabellar lines in adult patients less than 65 years of age. The product was approved by the United States Food and Drug Administration in February 2019 and launched under the brand name, Jeuveau, in May 2019. Nuceiva was authorized for sale by Health Canada in August 2018.
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VIRT | Hot Stocks09:14 EDT Virtu Financial announces launch of outsourced trading service - Virtu Financial announced the US launch of its outsourced trading business, Execution Concierge Service. Virtu's ECS combines the full scope of Virtu's execution services offering-multi-asset, broker-neutral technology platforms, trading tools and analytics, high-touch trading services and global client coverage-into one solution for the entire trade lifecycle.
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DOMO | Hot Stocks09:13 EDT Swire Coca-Cola, USA, selects Domo technology for business data - Domo announced that Swire Coca-Cola, USA, has chosen Domo to drive more value from its business data and help its managers serve their selling region, associates and business relationships more effectively. With headquarters in Draper, Utah, Swire Coca-Cola produces, sells and distributes Coca-Cola and other beverages to more than 60,000 retail customers in 13 states across the American West.=
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TBLT | Hot Stocks09:11 EDT ToughBuilt opens UK-based European headquarters - ToughBuilt Industries announced the opening of an international headquarters in London, England, UK. The London office will be the base of European operations and will service the Company's growing sales in the UK and Continental Europe.
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BYND | Hot Stocks09:10 EDT Hardee's tests new Beyond Breakfast Sausage, Original Beyond Thickburger - Hardee's announced it will be partnering with Beyond Meat as one of the first U.S. quick service restaurants to offer plant-based breakfast, lunch and dinner options. In keeping with the brand's innovative heritage of offering new twists on classic favorites, Hardee's will be testing a new Beyond Breakfast Sausage Biscuit and an Original Beyond Thickburger for a limited-time in two regional markets - Raleigh, NC and Kansas City, MO, beginning October 16.
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PS CRM | Hot Stocks09:09 EDT Pluralsight appoints Ross Meyercord as CRO - Pluralsight announced the appointment of Ross Meyercord, former EVP of sales for Salesforce, as chief revenue officer. As CRO, Meyercord will be responsible for leading all elements of customer success, including the direct and indirect sales teams, pre-sales, and professional services serving customers in more than 150 countries. Most recently, Meyercord served as EVP on the North American sales team at Salesforce (CRM).
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CMTL | Hot Stocks09:08 EDT Comtech subsidiary receives $7M in orders for RF amplifiers - Comtech announced that during Q1, its New York-based subsidiary, Comtech PST Corp received multiple orders totaling $7M for solid-state high-power RF amplifiers from a domestic prime contractor. These amplifiers are elements in data communication systems and these orders supplement an installed base of solid-state high-power RF amplifiers previously delivered by Comtech to this major domestic prime contractor.
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RWT | Hot Stocks09:06 EDT Redwood Trust acquires CoreVest - Redwood Trust has purchased CoreVest American Finance, a nationwide originator and portfolio manager of business-purpose residential loans, and several of its affiliates, from certain affiliates of Fortress Investment Group's credit funds business and CoreVest Management Partners. CoreVest was started in 2014 to address the financing needs of residential real estate investors and has funded over $4B in loans since inception.
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BAC | Hot Stocks09:04 EDT Bank of America sees Q4 effective tax rate around 19%
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BAC... | Hot Stocks09:04 EDT Fly Intel: Pre-market Movers - UP AFTER EARNINGS: Bank of America (BAC), up 2%... BNY Mellon (BK), up 2%... Sleep Number (SNBR), up 5%. ALSO HIGHER: Achillion (ACHN), up 75% after agreeing to be acquired by Alexion (ALXN) for $6.30 per share. DOWN AFTER EARNINGS: Abbott (ABT), down 3%. ALSO LOWER: Adobe (ADBE), down 3% after Citi analyst Walter Pritchard downgraded shares to Neutral from Buy with a price target of $313, down from $322... U.S. Steel (X), down 3% after filing to sell $300M of senior convertible notes due 2026... ServiceNow (NOW), down 4% after Morgan Stanley analyst Keith Weiss downgraded the stock to Equal Weight from Overweight with an unchanged $267 price target. Weiss said the company remains "best-in-class," but it faces increasing near-term risks... Rhythm Pharmaceuticals (RYTM), down 8% after its 8.11M share spot secondary priced at $18.50 per share... Pinterest (PINS), down 2% after a 4.68M share block trade priced at $25.00 per share.
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NKTR | Hot Stocks09:03 EDT Nektar initiates Phase 1 clinical study of NKTR-255 candidate - Nektar initiated a first-in-human, Phase 1 clinical study evaluating NKTR-255, an interleukin-15 receptor agonist, as monotherapy for patients with relapsed or refractory non-Hodgkin lymphoma or multiple myeloma. The study will also combine NKTR-255 with multiple targeted antibodies to evaluate the safety and efficacy in adults with relapsed or refractory MM. In nonclinical studies, NKTR-255 exhibited anti-tumor activity and substantially enhanced in vivo proliferation and activation of NK cells to provide sustained cytotoxic function. NHL is one of the most common cancers in the United States, accounting for about 4% of all cancers.
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TWOU | Hot Stocks09:02 EDT 2U names Paul Lalljie as CFO, effective October 14 - 2U announced the appointment of Paul Lalljie as the company's CFO, effective October 14. Lalljie has more than 20 years of experience in finance management in the high-growth technology sector and most recently served as CFO of Neustar, an information services and technology company, from 2009 to 2018.
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BAC | Hot Stocks08:52 EDT Bank of America reaffirms net interest income guidance of up 2% vs. FY18
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ORBC | Hot Stocks08:51 EDT Queen Transportation selects Orbcomm's in-cab solution for fleet - ORBCOMM announced that it has been selected by Queen Transportation, an asset-based truckload carrier and logistics provider headquartered in Hickory, NC, to provide its in-cab solution across their entire fleet of trucks. ORBCOMM's advanced solution provides wireless connectivity through its industry-leading hardware and integrated Cloud-based analytics platform and information management engine for optimal fleet management.
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BAC | Hot Stocks08:51 EDT Bank of America CEO says economy 'still in solid shape' - Chairman and CEO Brian Moynihan says client borrowing shows that the U.S. economy is "still in solid shape" despite concerns over trade. Comments taken from the Q3 earnings conference call.
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BHTG | Hot Stocks08:48 EDT BioHiTech Global receive orders for twenty Digesters food waste solutions - BioHiTech Global has received orders for twenty of its Revolution Series Digesters for delivery to several international hospitality companies, including two new end-customers. The orders consist of several direct sales as well as rental contracts. The company has already shipped six units and expects to complete delivery of the remaining units in Q4. The digesters will be installed in hotel and hospitality locations in both Europe and the U.S. BioHiTech's Digester technology disposes food waste on-site, eliminating the costs and greenhouse gases associated with the transportation and disposal of that waste.
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ALRN | Hot Stocks08:43 EDT Aileron Therapeutics announces initiation of clinical trial evaluating ALRN-6924 - Aileron Therapeutics announced that the first patient has completed the initial cycle of treatment in the Company's first clinical trial evaluating ALRN-6924 as a myelopreservation agent in patients with p53-mutant small-cell lung cancers treated with the chemotherapy topotecan. One basis for the potential anti-tumor effects lies in the fact that cancer cells frequently possess a mutated p53 gene, whereas normal cells, including immune system cells of cancer patients are not mutated, i.e., "p53-wildtype." Importantly, the activation of p53-wildtype has been shown to have effects on the immune system that can enhance anti-tumor efficacy and ALRN-6924 is a first-in-class dual MDM2/MDMX-inhibitor that can activate p53-wildtype. Aileron's ongoing Phase 1b myelopreservation trial is designed to identify a recommended phase 2 dose for ALRN-6924 and evaluate the safety and efficacy of ALRN-6924 when administered to protect SCLC patients from toxicities caused by treatment with topotecan. The study will enroll up to 40 patients and will use existing standard gene tests to screen patients for p53-mutations as a biomarker-based patient selection strategy unique to ALRN-6924. The Company plans to expand its clinical program for ALRN-6924 in myelopreservation to include an additional Phase 1b cohort in non-small cell lung cancer patients treated with docetaxel. In addition, the company is planning a randomized expansion cohort of the Phase 1b SCLC trial to treat patients with alternating cycles of chemotherapy with and without ALRN-6924, This "on/off" cohort is designed to provide a robust clinical proof of concept to demonstrate the effects of ALRN-6924 as a myelopreservative agent, as each patient will serve as his/her own control. After identifying a recommended phase 2 dose in the ongoing phase 1b trial, patient enrollment into these 2 new cohorts is expected to commence in the second quarter of 2020. The Company currently plans to reallocate resources from early-stage pipeline programs to accommodate the greater investment into the clinical development of ALRN-6924.
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STOK | Hot Stocks08:38 EDT Stoke Therapeutics appoints Robin Walker as chief legal officer - Stoke Therapeutics announced the appointment of Robin Walker as senior VP and chief legal officer, or CLO. Walker is a biotechnology executive and lawyer, with 20 years of in-house and law firm experience. She joins Stoke from Casebia Therapeutics, where she served as senior VP, head of legal and counseled the executive leadership team on corporate, governance, employment, compliance and regulatory matters. Walker has experience with business law, including commercial, research, development, licensing and collaboration agreements and SEC reporting.
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CRON | Hot Stocks08:37 EDT Cronos Group issues statement on IPO of Cronos Australia - Cronos Group noted the separately announced A$20M initial public offering of Cronos Australia, Under the offering, Cronos Australia is expected to issue 40 million new shares at an offering price of A$0.50 per share ahead of its planned listing on the Australian Securities Exchange in November 2019. Established in February 2018, Cronos Australia is a 50/50 joint venture between Cronos Group and NewSouthern Capital Pty Ltd., and is led by Rodney Cocks and Peter Righetti. Upon completion of the Cronos Australia IPO, Cronos Group is expected to hold approximately 31 percent of the issued capital of Cronos Australia, and Cronos Australia is expected to have an initial market capitalization of approximately A$64.4M.
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HTBI | Hot Stocks08:35 EDT HomeTrust announces stock repurchase program up to 889,123 shares - HomeTrust Bancshares announced the completion of its December 2018, 5% stock repurchase program. A total of 931,601 shares were repurchased at an average price of $25.64 per share. In addition, the Company's Board of Directors has authorized the repurchase of up to 889,123 shares of the Company's common stock, representing 5% of the Company's currently outstanding shares. The shares may be purchased in the open market or in privately negotiated transactions from time to time depending upon market conditions and other factors.
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ATOS | Hot Stocks08:34 EDT Atossa Genetics receives IRB approval for Phase 2 breast cancer study - Atossa Genetics announced that the Institutional Review Board has approved a Phase 2 clinical study of Atossa's intraductal microcatheter technology for the administration of fulvestrant in patients with early-stage breast cancer or ductal carcinoma in situ. Susan Love, M.D., inventor of the technology, will advise Atossa as it conducts the trial. Fulvestrant is FDA-approved for metastatic breast cancer. It is administered as a monthly intramuscular injection of two injections, typically into the buttocks. This trial is a Phase 2 study in women with Stage 1 or 2 breast cancer or DCIS scheduled for mastectomy or lumpectomy within 14 to 45 days. This study will assess the safety, tolerability, cellular activity and distribution of fulvestrant when delivered directly into breast milk ducts via Atossa's intraductal technology, compared to those who receive the same drug by injection. Of the 30 patients required for full enrollment, six will receive the standard intramuscular injection of fulvestrant and 24 will receive fulvestrant with Atossa's intraductal technology. The primary endpoint of the clinical trial is to compare the safety, tolerability and distribution of fulvestrant between the two routes of administration. The secondary endpoint of the study is to determine if there are changes in the expression of Ki67 as well as estrogen and progesterone receptors between a pre-fulvestrant biopsy and post-fulvestrant surgical specimens. Digital breast imaging before and after drug administration in both groups will also be performed to determine the effect of fulvestrant on any lesions as well as breast density of the participant. This Phase 2 study is currently underway at Montefiore Medical Center, which will transition all future work to the new study site.
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AMNB | Hot Stocks08:32 EDT American National Bankshares announces retirement of CFO William Traynham - American National Bankshares announced that William Traynham has informed the company that he will retire from his position as EVP and CFO for medical reasons effective October 31, 2019. Jeffrey Farrar, EVP and COO, will assume the additional role of CFO and Principal Financial Officer for the company and the Bank as of that date.
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CRMD | Hot Stocks08:30 EDT CorMedix says FDA 'supportive' of Neutrolin's proposed manufacturing program - CorMedix announced that it has completed its interaction with the FDA related to the chemistry, manufacturing and controls package that will be needed to support Neutrolin's new drug application. The FDA was supportive of Neutrolin's proposed manufacturing program, including the active pharmaceutical ingredients, the container closure and testing, and indicated that it will conduct a thorough review of all of the CMC information as well as assess the commercial readiness of the various manufacturing facilities at the time of NDA filing. No further CMC meetings with FDA are planned prior to NDA submission. A pre-NDA meeting has now been scheduled and CorMedix is looking forward to discussing with the FDA the filing of the NDA for Neutrolin, including the FDA programs intended to facilitate and expedite review of the application, such as Priority Review designation, rolling submission, and LPAD.
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BNGO | Hot Stocks08:28 EDT Bionano Genomics announces adoption of Saphyr by cytogenetics groups - Bionano Genomics announced thatorganizations, including PerkinElmer Genomics and the University of Iowa, have adopted Saphyr for use in their clinical genomics laboratories. PerkinElmer Genomics and the University of Iowa have developed assays based on the Bionano optical mapping technology to expand their comprehensive suite of genetic tests assessing disease-associated chromosomal abnormalities. Their lead indication is Facioscapulohumeral Muscular Dystrophy.
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PNC | Hot Stocks08:28 EDT PNC Financial sees Q4 net interest income down approximately 1% - Sees Q4 average loans up approximately 1%, with fee income stable to up 1%. Sees noninterest expense up approximately 1% and loan loss provision of $175M-$225M. The company reiterated that it is positioned to deliver full year positive operating leverage. Comments from slides being presented on the Q3 earnings conference call.
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VYST | Hot Stocks08:26 EDT Vystar Corp plans dividend spin off of RxAir - Vystar Corp. announced that its Board of Directors has approved a plan to spin-off part of its RxAir air purification business as a separate, independent, publicly traded company. Vystar desires to set record and ex-dividend dates shortly, complete the spin-off and commence trading of RxAir in the first part of 2020. This would be the first spin-off for Vystar; a holding company for Rotmans Furniture and Flooring, Fluid Energy Conversion, Nature's Home Solutions, RxAir air purifiers and owner and creator of Vytex deproteinized natural rubber latex, and developer of environmentally friendly technologies and products. Vystar expects that any plan will proceed as follows: Create a publicly traded subsidiary called RxAir, Inc. encompassing the UV400 air purifier product and related intellectual property, tooling, websites and other assets, which will focus on the growth opportunities in the growing residential, healthcare and commercial markets. Contract with an outside entity which will control 51% interest in RxAir, Inc., with an investment of $3-$5 million in production, tooling, inventory, and operations needed to run RxAir. Vystar plans to award 39.1% of the RxAir shares as a pro-rata dividend to Vystar shareholders as of the designated record date. Retain 9.99% of RxAir shares for Vystar Corporation. Vystar will retain all other currently held assets. Vystar is currently entertaining offers as part of its fiduciary responsibility to shareholders in obtaining the best deal related to RxAir. Vystar has been in serious negotiations with a qualified healthcare group in manufacturing, and marketing for business-to-business and business-to-consumer products. Vystar anticipates the new entity will have a market capitalization of $10M based on capital, assets and market track record. Vystar shareholders would receive 39.1% of the shares with an anticipated valuation of approximately $3.9M and Vystar would retain 9.99% of the shares valued at approximately $1M. Vystar would retain remaining asset value in the RX3000 of approximately $900,000, totaling approximately $6M, There generally are multiple positive effects from a dividend. Traditionally most shareholders will opt not to sell until after the ex-dividend date in order to receive the dividend since stock exchange rules require investors have their stock purchase completed by the ex-dividend date, which is one business day before the record date. Vystar anticipates announcing the ex -dividend date in the next few weeks, where the ex-dividend date would be set 60 days following the announcement.
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XAIR | Hot Stocks08:23 EDT Beyond Air completes 30-day rat toxicology study for LungFit - Beyond Air announced completion of a 30-day rat toxicology study and provided an update on its 12-week toxicology studies in both rats and dogs. All administrations in the studies were done with LungFit, the company's proprietary cylinder-free, phasic flow NO generator and delivery system. In both the 30-day rat study and the 12-week rat and dog studies, animals were dosed intermittently, multiple times per day with animals in the 30-day study receiving NO doses of up to 400 ppm. Results from the 30-day study demonstrated clean safety results with no unexpected findings. The 12-week rat study completed earlier this month, and the 12-week dog study is in week 8 with animals receiving NO doses of up to 250 ppm. The 30-day rat study was a 4-arm study examining NO dosed intermittently, multiple times per day. All animals survived through the scheduled termination of the study. Histopathological examination revealed no evidence of NO-related macroscopic or microscopic findings. Nitrogen dioxide approximate mean level was 6.5 ppm at the 400 ppm NO dose, with a maximum level of 10 ppm during administration. Methemoglobin levels increased during NO administration as anticipated. However, all MetHb levels returned to baseline/normal range prior to the next NO administration. The 12-week rat and dog studies are both 2-arm studies examining NO dosed intermittently, multiple times per day. The studies were designed to mimic the intended treatment regimen for NTM patients with the LungFit NTM system. Dosing in the rat study was completed on October 1, 2019, with all animals surviving through the scheduled termination of the study. Dosing in the dog study is ongoing and is presently in week 8, with no mortality and all animals tolerating treatment.
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KRNT | Hot Stocks08:20 EDT Image Magic installs two Kornit Avalanche Poly Pro Systems - Kornit Digital announced that Tokyo-based Image Magic has installed two Kornit Avalanche Poly Pro systems, expanding its longstanding digital direct-to-garment capabilities to imprint polyester and poly-blend fabrics. The move supplements Image Magic's continuous development of internal efficiencies, and increases capacity for an operation that has observed 40% year-over-year growth. The brand serves a mix of corporate clients, including some of Japan's leading apparel brands, and general consumers via a predominantly internet-based sales model.
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NTLA | Hot Stocks08:19 EDT Intellia Therapeutics announces presentations at 2019 Annual Congress of ESGCT - Intellia Therapeutics announced one oral presentation and four poster presentations were accepted for the 27th Annual Congress of the European Society of Gene and Cell Therapy taking place October 22-25, 2019, in Barcelona, Spain. Intellia's data includes important updates about the company's programs and platform development activities. Oral Presentation: "In Vivo Gene Knockout Followed by Targeted Gene Insertion Results in Simultaneous Reduced Mutant Protein Levels and Durable Transgene Expression": Intellia will present data on its alpha-1 antitrypsin deficiency program, which uses a modular hybrid delivery system combining lipid nanoparticle encapsulated CRISPR/Cas9 with an adeno-associated virus donor DNA template. Intellia's gene knockout approach eliminates the production of the faulty PiZ variant of the protein, while targeted insertion of a wild-type gene copy facilitates production of a functional circulating protein. This builds on Intellia's similar approach for targeted gene insertion of Factor 9, which achieved increased levels of circulating human Factor IX protein through two months in non-human primates and sustained through 12 months in mice. Poster Presentations: "In Silico, Biochemical and Cell-Based Integrative Genomics Identifies Precise CRISPR/Cas9 Targets for Human Therapeutics": This poster presentation will highlight Intellia's approach to assess off-target activity to identify highly specific CRISPR/Cas9 guides. Researchers demonstrated that potential off-target editing profiles discovered through empirical data from biochemical approaches were the most sensitive and accurate. "Generation of a Library of WT1-Specific T Cell Receptors for TCR Gene Edited T Cell Therapy of Acute Leukemia": This poster presentation focuses on Intellia's ongoing research collaboration with IRCCS Ospedale San Raffaele to develop CRISPR/Cas9-edited T cell therapies to address intractable cancers, such as acute myeloid leukemia. Researchers have successfully established a protocol enabling consistent and efficient tumor-specific TCR isolation and characterization from healthy donors. Based on these results, Intellia has selected multiple lead TCRs, which are undergoing development candidate evaluation. "Engineering of Highly Functional and Specific Transgenic T Cell Receptor T Cells Using CRISPR-Mediated In-Locus Insertion Combined with Endogenous TCR Knockout" This poster presentation focuses on the company's T cell engineering technology, which is being applied in its Wilms' Tumor 1 lead ex vivo program. Intellia has identified an efficient CRISPR/Cas9-mediated process that inserts tumor-specific TCRs with high yield into the TRAC locus. Simultaneous knockout of the TRBC1 and TRBC2 loci substantially eliminates production of the endogenous T cell receptors. "CRISPR/Cas9-Mediated Gene Knockout to Address Primary Hyperoxaluria": This poster presentation will demonstrate the effects of independent CRISPR/Cas9-mediated knockout of each of two target genes involved in oxalate formation, lactate dehydrogenase A and hydroxyacid oxidase 1, to address primary hyperoxaluria type 1.
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SCS | Hot Stocks08:16 EDT Steelcase expands relationship with furniture design firm Uhuru - Steelcase and Uhuru announce plans to expand their relationship in North America. This offering builds on Uhuru's successful offering on Steelcase Marketplace, the online marketplace for designers to discover, create and collaborate with ease. Steelcase will now offer customers the full Uhuru product portfolio, inclusive of Uhuru's line of contract furniture solutions. This relationship complements the extensive Steelcase portfolio that gives customers easy access to more choices with delivery by the largest and most reliable dealer network in the industry. The collection of Uhuru's ancillary furniture will be available this fall with the complete contract line available at the beginning of 2020.
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MKTX GS | Hot Stocks08:14 EDT MarketAxess appoints Justin Gmelich to board of directors - MarketAxess Holdings (MKTX) announced the election of Justin Gmelich to its Board of Directors, effective October 15, 2019. Gmelich has had a distinguished career in credit markets where he was most recently Global COO for Fixed Income, Commodities, and Currencies at Goldman Sachs (GS).
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MJARF TSG | Hot Stocks08:11 EDT MJardin Group appoints Edward Jonasson as CFO - MJardin Group (MJARF) announced the appointment of Edward Jonasson as CFO of the company, effective November 1, 2019. Prior to joining MJardin, Jonasson was VP Finance and Group Corporate Controller at The Stars Group (TSG).
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MSTR | Hot Stocks08:11 EDT MicroStrategy announces new technology partnership with DataRobot - MicroStrategy announced a new technology partnership with DataRobot designed to make it easier for businesses to integrate AI into their most popular applications and core processes by leveraging HyperIntelligence cards to deliver AI-driven insights and recommendations. HyperIntelligence injects analytics into popular business applications on both web and mobile making it possible to reveal insights to users without interrupting their existing workflows.
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BKYI | Hot Stocks08:09 EDT BIO-key, Applied Technologies secure order for biometric authentication solution - BIO-key International announced that its newly established reseller partnership with Applied Technologies has secured an order to provide a biometric authentication solution to a consumer facing service provider that was seeking to enhance its network security by reducing its reliance on passwords.
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WST | Hot Stocks08:08 EDT West Pharmaceutical increases equity stake in Daikyo Seiko to 49% - West Pharmaceutical has increased its minority equity stake to 49% in Daikyo Seiko, a company that West has partnered with for more than 40 years to develop and manufacture high-quality components and solutions for the primary containment and delivery of injectable medicines. West and Daikyo have long-standing agreements which include a distribution agreement, by which West distributes and markets Daikyo products throughout the world, on an exclusive basis, as well as a technology exchange and cross license agreement, which grants each party certain exclusive intellectual property rights for the manufacture of products covered by the relationship. Additionally, Daikyo has distribution rights of West products within Japan. This transaction is not expected to have a material impact to West's 2019 financial outlook.
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CVET | Hot Stocks08:07 EDT Covetrus named preferred prescription management partner for NVA - Covetrus announced that it has been named a preferred prescription management partner for National Veterinary Associates, or NVA, one of the largest owner and operators of veterinary hospitals in the United States. Serving as a preferred partner, NVA will endorse the Covetrus prescription management platform to their rapidly growing network of nearly 600 practices across the United States.
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CACI | Hot Stocks08:06 EDT CACI awarded $88M task order from U.S. Army - CACI announced it has been awarded a five-year task order, with a ceiling value of $88 million, to support the U.S. Army Communications-Electronics Command Software Engineering Center's Army Reprogramming Analysis Team, or ARAT, Program Office. Under the task order, CACI will provide scientific, systems, and software engineering and technical services in support of ARAT. ARAT provides rapid reprogramming infrastructure that develops, delivers, and sustains software for electronic warfare systems and other electromagnetic spectrum capabilities. Awarded under the SSES NexGen contract vehicle, the work represents continuing work for CACI.
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SF | Hot Stocks08:03 EDT Stifel Financial forms strategic partnership with OurCrowd - Stifel Financial announced a strategic partnership with OurCrowd, an Israel-based global venture capital and crowdfunding platform connecting investors with early-stage, high-tech companies across industries and geographies. Stifel will also make a minority investment in OurCrowd. Under terms of the agreement, Stifel and OurCrowd will establish a distribution relationship focused on building an investment offering for Stifel's accredited investor clients. This will include offering curated access to both venture capital funds and individual portfolio companies on a deal-by-deal basis. In addition, Stifel may provide advisory and related investment banking services to portfolio companies as needed.
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IEA | Hot Stocks08:03 EDT Infrastructure and Energy Alternatives announces $67M wind energy project award - Infrastructure and Energy Alternatives announced a new wind energy project award valued at approximately $67M. The award is for construction of the Richland Wind Farm in Sac County in western Iowa. This is a 130-megawatt project. The power generated by the project's planned 53 GE WTG turbines will be delivered into the Iowa electrical grid. Work on the Richland project is scheduled to begin in October with full operation by September 2020. The scope of IEA's work includes all engineering, procurement and construction of project roads, WTG foundations, the MV collection system and the project substation.
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SABR | Hot Stocks08:02 EDT Sabre acquires airline retailing software provider Radixx for about $110M - Sabre announced its acquisition of Radixx, a leading airline retailing software provider with an established presence in the low cost carrier space. LCCs have grown twice as fast as full-service carriers over the past five years and now total nearly 30% of global passengers boarded annually. Sabre expects the acquisition to help the company offer retailing, distribution and fulfillment capabilities to serve this rapidly expanding market. Radixx's signature products are a best-in-class LCC passenger service system and internet booking engine. Sabre purchased Radixx for approximately $110M, including payments to debtholders, using cash on hand. Radixx is expected to generate approximately $20M of revenue in 2019. The acquisition is expected to be accretive over the medium term, but modestly dilutive to Sabre's Adjusted EPS in 2020 due to expected incremental investment in the fast-growing LCC space. Sabre expects an immaterial impact to its full year 2019 results from the acquisition.
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DUNDF BX | Hot Stocks08:00 EDT Dream Global REIT mails information circular for special unitholder meeting - DREAM GLOBAL REIT (DUNDF) announced that it is mailing its Management Information Circular and related voting materials in connection with the special meeting of the unitholders of the REIT to approve the proposed transaction pursuant to which affiliates of real estate funds managed by The Blackstone Group (BX) will acquire all of Dream Global REIT's subsidiaries and assets in an all-cash transaction valued at $6.2B. The purpose of the Meeting is to approve the Transaction, which presents Unitholders with the opportunity to earn a premium return over and above the exceptional value created since the REIT's 2011 initial public offering. On closing of the Transaction, Unitholders will receive cash consideration of $16.79 per unit of Dream Global REIT, as described in the Circular. This represents a significant premium of 18.5% to the closing price of the Units on the Toronto Stock Exchange on September 13, 2019, the last trading day prior to the announcement of the Transaction. Assuming the Transaction is completed by December 31, 2019, the 2019 annualized total return to Unitholders will be approximately 47%. The Transaction requires a separation of Dream Asset Management Corporation from its role as external asset manager to the REIT. The consummation of the Transaction is subject to the satisfaction of certain customary conditions, including approval of at least 66 2/3% of the votes cast by Unitholders at the Meeting and a majority of the votes cast at the Meeting by Unitholders other than DAM and other related parties, and certain regulatory approvals. On September 23, 2019, the Commissioner of Competition issued an Advance Ruling Certificate in respect of the Transaction, thereby satisfying the requirement to obtain Competition Act approval, and on October 8, 2019, the TSX confirmed acceptance of the notice of the Transaction, subject to delivery by the REIT of customary documentation at or prior to the closing. Subject to the satisfaction or waiver of all of the conditions to the Transaction, the Transaction is expected to close in December 2019.
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BTTR | Hot Stocks07:57 EDT Better Choice Company to acquire Halo, Purely for Pets, terms not disclosed - Better Choice Company announced the signing of a definitive agreement to acquire holistic pet foods company Halo, Purely for Pets. The Halo management team, led by branded consumer food and animal health veteran CEO Werner von Pein, will continue to manage the Halo business. Halo's name and brands are not expected to change as a result of the transaction. Jefferies LLC served as exclusive financial advisor to Halo. Greenberg Traurig represented Halo as counsel. Latham & Watkins served as corporate counsel for Better Choice. The acquisition is expected to close by the end of 2019.
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UIS | Hot Stocks07:56 EDT Unisys' enterprise service management solution selected by Nutreco - Unisys announced that Nutreco, a provider of animal nutrition and aqua feed, has extended its engagement with Unisys, expanding its partnership from managed end-user, IT service management and data center support to further include an enterprise service management platform. Under the terms of the agreement, the solution leverages Unisys' InteliServe and ServiceNow technology, to enable an omnichannel approach to service desk support for an improved end user experience.
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CAMP | Hot Stocks07:51 EDT CalAmp's LoJack and MAN Truck & Bus partnering for surveillance in Mexico - CalAmp's subsidiary, LoJack Mexico, has established a strategic alliance with the Volkswagen Group's truck and bus manufacturing division, MAN Truck & Bus Mexico. LoJack Mexico will enable MAN Truck & Bus to deliver advanced telematics and surveillance video services across its entire range of truck and bus vehicles sold in Mexico. The first phase of the solution deployment will provide real-time video surveillance via in-cab cameras, followed by a second telematics-focused phase delivering critical data and vehicle performance reporting. LoJack Mexico telematics and surveillance video technology will be installed on the MAN bus and truck assembly line and sold to the Mexican market with plans to expand distribution to other Latin American markets. In addition, MAN Truck & Bus will offer their customers LoJack Mexico Stolen Vehicle Recovery services.
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PAG | Hot Stocks07:42 EDT Penske Automotive raises quarterly dividend to 41c from 40c per share - The dividend is payable on December 3 to shareholders of record on November 8.
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ABT | Hot Stocks07:35 EDT Abbott reports Q3 Worldwide Medical Devices sales increased 8.9% - Worldwide Medical Devices sales increased 8.9% on a reported basis in the third quarter and increased 10.6% on an organic basis, led by double-digit growth in Electrophysiology, Heart Failure, Structural Heart and Diabetes Care. In Electrophysiology, growth was led by strong performance in cardiac diagnostic and ablation catheters, which are used to help physicians accurately and effectively treat atrial fibrillation, a form of irregular heartbeat. In Heart Failure, strong double-digit growth was driven by market adoption of Abbott's HeartMate 3 left ventricular assist device, which has been shown to improve survival and clinical outcomes in patients with advanced heart failure.Growth in Structural Heart was led by MitraClip, Abbott's market-leading device for the minimally invasive treatment of mitral regurgitation, or a leaky mitral heart valve. In the third quarter, Abbott announced U.S. FDA approval of its next-generation MitraClip device, MitraClip G4, which offers an expanded range of clip sizes, an alternative leaflet grasping feature and facilitation of procedure assessment in real time to offer doctors further options when treating mitral valve disease. In Diabetes Care, sales increased 29.6% on a reported basis and 33.1% on an organic basis in the third quarter. Sales growth in the quarter was led by FreeStyle Libre, Abbott's revolutionary continuous glucose monitoring system, with worldwide sales of $496M, an increase of 63.1% on a reported basis and 67.6% on an organic basis versus the prior year. During the third quarter, FreeStyle Libre obtained public reimbursement coverage in Ontario and Quebec, becoming the first and only sensor-based glucose monitoring system to be listed by any provincial health plan in Canada.
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NVCR | Hot Stocks07:34 EDT Novocure announces STELLAR trial results published in oncology journal - Novocure announced that results from the STELLAR trial were published in The Lancet Oncology. The STELLAR trial was a prospective, single-arm trial including 80 patients that studied the use of Tumor Treating Fields, delivered via the NovoTTF-100L system, in combination with pemetrexed plus cisplatin/carboplatin as a first-line treatment for patients with unresectable, locally advanced or metastatic malignant pleural mesothelioma, or MPM. Data showed a median overall survival of 18.2 months for patients treated with NovoTTF-100L and pemetrexed plus cisplatin or carboplatin. One- and two-year survival rates were 62.2% and 41.9%, respectively. No serious systemic adverse events were considered to be related to the use of NovoTTF-100L. The most common mild to moderate adverse event was skin irritation beneath the transducer arrays. Median progression free survival was 7.6 months for patients treated with NovoTTF-100L and pemetrexed plus cisplatin or carboplatin. There was a 97% disease control rate in patients with at least one follow-up CT scan performed. In the study, 40% of patients had a partial response, 57% had stable disease and 3% had progressive disease.
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ABT | Hot Stocks07:33 EDT Abbott CEO says 'performing exceptionally well across several areas' - "We're performing exceptionally well across several areas," said Miles White, chairman and CEO, Abbott. "We're right on track to achieve ongoing EPS and organic sales growth at the upper-end of our initial guidance ranges for the year."
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F... | Hot Stocks07:27 EDT EU passenger car registrations up 14.5% in September - In September, EU demand for new passenger cars increased by 14.5% from the same month of last year to reach 1.2M units registered in total, reported the European Automobile Manufacturers Association. Last month, all EU member states posted increases, except for Bulgaria. "To a large extent, this strong year-on-year growth is the result of a low base of comparison, as registrations fell significantly in September 2018 by 23.5% following the introduction of the WLTP testing regime," the ACEA stated. Publicly traded automakers include Daimler AG (DDAIF), Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
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WDDMF | Hot Stocks07:24 EDT WeedMD secures Health Canada license for cannabis processing facility - WeedMD announced that it has secured a Health Canada licence amendment approval for its purpose-built processing facility in Strathroy, Ontario. The stand-alone, 50,000 sq. ft. custom-built structure, located on WeedMD's 158-acre Strathroy property, will dry, process and cure all remaining outdoor-cultivated cannabis in 2019 and is built to process and store more than 40 tons of dried cannabis biomass. Latest Outdoor Grow video here.
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ASMB | Hot Stocks07:23 EDT Assembly Biosciences announces presentation of ABI-H0731, ABI-H2158 data - Assembly Biosciences announced that data on its lead HBV core inhibitor candidates, ABI-H0731 and ABI-H2158 for the treatment of chronic HBV will be featured in a late-breaking poster session during the American Association for the Study of Liver Diseases Annual Meeting. Title: Continued Therapy with ABI-H0731+Nrtl Results in Sequential Reduction/Loss of HBV DNA, HBV RNA, HBeAg, HBcrAg and HBsAg in HBeAg-Positive Patients. Abstract Summary: Final results from Phase 2a are reported for HBeAg+ patients with chronic HBV infection treated with 731+Nrtl for 24 weeks. In Study 202, greater mean log10 declines in HBV DNA and RNA were achieved with 731+Nrtl versus entecavir alone. In Study 201, the proportion of patients on 731+Nrtl versus Nrtl alone achieving DNA target not detected was 69% vs 0%, and the proportion of patients achieving RNA less than35 U/mL whose RNA was greater than or equal to35 U/mL at baseline was 52% vs 0% respectively. In Study 211, there are 64 HBeAg+ patients currently on extended treatment beyond 24 weeks. Among the 27 HBeAg+ patients receiving 731+Nrtl in Study 201, 41% have now achieved DNA TND along with RNA less than35 U/mL and HBeAg less than1 IU/mL. At their last timepoint, Study 202 patients now in Study 211 have demonstrated mean DNA and RNA declines of 6.1 and 3.0 logs, respectively, with observed mean log changes of greater than or equal to0.6 for HBeAg, greater than0.8 log for HBcrAg and greater than or equal to0.4 log for HBsAg. 731 continues to exhibit a favorable safety and tolerability profile in patients treated for up to 1 year, with only mild/moderate adverse events and lab abnormalities, and only a single discontinuation due to a Grade 1 rash. The combination of 731+NrtI results in faster and deeper declines in HBV DNA and RNA than NrtI alone, as well as subsequent declines in the surrogate markers of cccDNA predictive of cccDNA pool depletion, and HBsAg. The emergent data supports the continued development of 731. Abstract data are as of the time of submission; the poster is expected to include updated safety and efficacy results. Title: The Second-Generation Hepatitis B Virus Core Inhibitor ABI-H2158 is Associated with Potent Antiviral Activity in a 14-Day Monotherapy Study in HBeAg-positive Patients with Chronic Hepatitis B. Abstract Summary: The Phase 1b study is enrolling sequential cohorts of 9 patients and each cohort will be randomized to receive 2158 or placebo QD for 14 days in a blinded manner. Dosing in the 1st cohort has been completed. In patients receiving 2158, mean declines from Baseline to Day 15 in HBV DNA and RNA levels were 2.3 log10 and 2.1 log10 IU/mL respectively. No serious AEs, dose limiting toxicities or premature discontinuations were reported. Three patients reported a total of 5 mild, drug-related AEs that recovered without intervention; dizziness, fatigue, rash, headache and upper abdominal pain. Treatment emergent laboratory abnormalities were infrequent, mild and transient, with no ALT elevations Grade greater than or equal to1 in severity. Day 14 plasma 2158 Cmax and AUC0-24hr were 3,390 ng/mL and 46,100 hr*ng/mL, respectively. Results from the initial 100 mg low dose of ABI-H2158 cohort demonstrated potent antiviral activity, a favourable safety profile when administered for 14 days, and support once daily dosing in CHB patients.
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ORGS | Hot Stocks07:14 EDT Orgenesis, Accellix enter co-development agreement - Orgenesis announced it has entered into a co-development agreement with Accellix. The agreement will enable Orgenesis to integrate Accellix's proprietary optic system, cartridges, reagents and software into Orgenesis' Point of Care cellular therapy processing services and platform. The integration is designed to further advance Orgenesis' quality control systems. Financial details are not disclosed. Orgenesis' POCare cell therapy platform has been specifically designed to collect, process and supply cells within the patient care location for various therapeutic treatments.
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GSK PFE | Hot Stocks07:14 EDT GlaxoSmithKline owned ViiV Healthcare submits Dovato sNDA to FDA - ViiV Healthcare, the global specialist HIV company majority owned by GlaxoSmithKline (GSK), with Pfizer (PFE) and Shionogi Limited as shareholders, announced the submission of a supplemental new drug application, or sNDA, to the FDA for Dovato as a switch treatment for HIV-1 infection in virologically suppressed adults on a stable antiretroviral regimen with no treatment failure. In the US, Dovato is currently approved as a complete, once-daily, single-tablet regimen of dolutegravir 50 mg and lamivudine 300 mg for the treatment of HIV-1 infection in adults with no antiretroviral treatment history and with no known resistance to either.
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CTSH | Hot Stocks07:10 EDT Cognizant to acquire technology consulting firm Contino - Cognizant has entered into an agreement to acquire Contino, a privately-held technology consulting firm. Contino specializes in helping Global 2,000 clients accelerate their digital transformation by leveraging enterprise DevOps methodologies, a cloud-native development approach, and advanced data platforms. Headquartered in London, Contino has approximately 350 employees worldwide with operations in the U.K., the U.S: and Australia. The transaction is expected to close in Q4. Financial details were not disclosed.
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NVCN | Hot Stocks07:10 EDT Neovasc retains Westwicke for investor, public relations consulting services - Neovasc announced it has retained Westwicke, an ICR company, for integrated investor and public relations consulting services. Neovasc continues to drive towards strong double-digit percentage EMEA revenue growth for the Reducer during 2019, with revenue having increased 38% for the first six months this year. In a best-case scenario, contingent on an approved FDA HUD Designation and Human Device Exemption approval, the Company might be able to begin commercializing the Reducer in the U.S. for refractory angina patients suffering from the most severe symptoms in 2020.
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ARMP | Hot Stocks07:08 EDT Armata Pharmaceuticals names Dr. Heather Dale Jones as Medical Director - Armata Pharmaceuticals announced the appointment of Heather Dale Jones, M.D. as its first Medical Director, further strengthening Armata's clinical team as the company prepares to initiate clinical testing of its lead bacteriophage product candidates. Dr. Jones brings to the Armata team more than 20 years of experience in clinical research and medical practice.
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EMHTF | Hot Stocks07:08 EDT Emerald Health's Verdelite receives sale license amendment for branded products - Emerald Health Therapeutics' wholly-owned production facility, Verdelite, in St. Eustache, Quebec, has received from Health Canada its license amendment permitting it to sell and distribute packaged, branded dried cannabis products directly to provincial/territorial wholesalers and authorized private retailers in accordance with provincial/territorial frameworks in Canada. To date, Verdelite has been packaging product under the Emerald brand. Moving forward, its marketing strategy will evolve and focus on building multiple differentiated brands, with a unique Quebec identity, targeting consumers seeking premium cannabis for adult use as well as health and wellness benefits.
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PTN AMAG | Hot Stocks07:07 EDT Palatin says Vyleesi trials met co-primary efficacy endpoints - Palatin Technologies (PTN) announced that data from two pivotal, double-blind placebo-controlled Phase 3 trials and the Exit Survey/Interview data on Vyleesi for hypoactive sexual desire disorder will be presented at the 13th European Society of Gynecology Conference in Vienna, Austria. The conference and the data presentations are jointly sponsored by Palatin and Palatin's North American licensee for Vyleesi, AMAG Pharmaceuticals (AMAG). Both randomized, placebo-controlled clinical trials of Vyleesi met the pre-specified co-primary efficacy endpoints of improvement in desire, and reduction in associated distress, as measured by validated patient-reported outcome instruments. These endpoints are the hallmark symptoms of HSDD. The RECONNECT study, consisting of data collected from approximately 1,200 women, served as the basis for the June 2019 U.S. FDA approval of Vyleesi. Vyleesi is the first and only as-needed treatment for premenopausal women with acquired, generalized HSDD.
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AXSM | Hot Stocks07:06 EDT Axsome Therapeutics completes patient enrollment in GEMINI Phase 3 trial - Axsome Therapeutics announced the completion of patient enrollment in the GEMINI study, a Phase 3, randomized, double-blind, placebo-controlled trial of AXS-05 in patients with major depressive disorder. AXS-05 is a novel, oral, investigational NMDA receptor antagonist with multimodal activity. Axsome remains on track to report topline results from GEMINI in the fourth quarter of 2019.
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INCY NVS | Hot Stocks07:04 EDT Incyte announces results from Phase 3 REACH2 study of ruxolitinib - Incyte (INCY) announced results from the Novartis (NVS)-sponsored pivotal Phase 3 REACH2 study evaluating ruxolitinib in patients with steroid-refractory acute graft-versus-host disease, or GVHD. The study met its primary endpoint of improving overall response rate, or ORR, at Day 28 with ruxolitinib treatment compared to best available therapy. No new safety signals were observed and the ruxolitinib safety profile in REACH2 was consistent with that seen in previously reported studies in steroid-refractory acute GVHD. Further analysis of the safety and efficacy data is ongoing. Novartis expects to initiate discussions with ex-U.S. regulatory authorities in 2020, and to submit REACH2 results for presentation at an upcoming scientific meeting. In addition, the pivotal REACH3 trial evaluating ruxolitinib in patients with steroid-refractory chronic GVHD is ongoing. A recent interim efficacy and safety analysis conducted by an Independent Data Monitoring Committee has recommended that REACH3, which is co-sponsored by Incyte and Novartis, should continue without modification. The results of the REACH3 trial are expected to be available in 2020.
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CNA | Hot Stocks07:03 EDT CNA Financial names Mark James as Chief Risk and Reinsurance Officer - CNA announced that Mark James has been named CNA's Chief Risk and Reinsurance Officer. He assumed leadership for CNA's Enterprise Risk Management function and maintains leadership for the Global Reinsurance team. Prior to joining CNA in April 2018, James held the position of Worldwide Reinsurance and Risk Manager at Chubb for 13 years and, in 2016, moved to AIG as the Deputy Chief Ceded Reinsurance Officer.
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BAC | Hot Stocks07:01 EDT Bank of America reports Q3 CET1 ratio 11.4%, down 30bps vs. Q2
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BAC | Hot Stocks06:57 EDT Bank of America reports Q3 consumer banking revenue $9.72B - Reports Q3 global banking revenue $5.21B. Reports Q3 global markets revenue $3.86B. Reports Q3 global wealth and investment management revenue $4.9B.
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BAC | Hot Stocks06:56 EDT Bank of America reports 28.7M active mobile banking users, up 10%
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GCO NSANY | Hot Stocks06:55 EDT Genesco appoints Scott Becker as general counsel - Genesco (GCO) announced that it has appointed Scott Becker as senior VP, general counsel and corporate secretary of the company, effective October 23. He succeeds Roger Sisson who retired from Genesco earlier this year. Becker joins Genesco with more than 30 years of legal, financial and administrative leadership experience. He comes to Genesco from Nissan (NSANY) Group of North America and Latin America, where since 2006 he served in a variety of roles with increasing responsibility. Since 2009, he was a senior VP with responsibilities for Nissan's legal, government affairs, finance, strategy and administration.
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BAC | Hot Stocks06:55 EDT Bank of America reports Q3 CET1 ratio 10.1%
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USB | Hot Stocks06:54 EDT U.S. Bancorp reports Q3 average total loans grew 1.1% on a linked quarter basis - Grew 4.0% y/y.
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USB | Hot Stocks06:53 EDT U.S. Bancorp reports Q3 return on average assets of 1.57% - Reports Q3: Return on average common equity of 15.3%; Return on tangible common equity of 19.4%. Returned 80% of 3Q earnings to shareholders through dividends and share buybacks. Noninterest income grew 5.0% on a linked quarter basis and 8.1% year over year.
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BAC | Hot Stocks06:52 EDT BofA CEO says focused on driving 'things that are controllable' - Chairman and CEO Brian Moynihan, commented: "Our teammates delivered another strong quarter of earnings and returns for shareholders.In a moderately growing economy, we focused on driving those things that are controllable. We made continued strong investments in our capabilities to serve customers,more relationship management teammates, more and refurbished branches and offices, and more digital capabilities, all while core expenses are flat. Our client activity, the expansion of our client base, and our ability to gain market share across most of our businesses in the quarter, all reflect responsible growth."
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USB | Hot Stocks06:52 EDT U.S. Bancorp CEO says 'posted record revenue' in Q3 - CEO Andy Cecere said, "Despite a challenging interest rate environment, we posted record revenue, net income and earnings per share in the third quarter, delivered industry leading returns on assets and equity, and grew our book value by over 10% from a year earlier. During the quarter we returned 80% of our earnings to shareholders through dividends and share buybacks. Third quarter loan and deposit growth were solid and momentum in our core fee businesses was supported by strong sales and volume growth. Mortgage revenue was particularly robust this quarter, reflecting both market conditions and the benefits of the investments we have made in our retail platform over the past several years. As we head into the final quarter of 2019, we feel good about our opportunity to gain market share across our franchise and our ability to prudently manage our operating expenses even as we invest in our digital capabilities and key business initiatives. I'd like to thank our employees for their hard work and dedication to delivering value to each of our constituents."
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BAC | Hot Stocks06:51 EDT Bank of America reports Q3 sales and trading revenue of $3.2B ex. DVA - Equities increased 13% to $1.1 billion, with FICC stable at $2.1 billion.
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USB | Hot Stocks06:50 EDT U.S. Bancorp reports Q3 net interest margin 3.02% vs. 3.15% a year ago
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LLY | Hot Stocks06:48 EDT Eli Lilly announces Phase 3 SEQUOIA trial did not meet primary endpoint - Eli Lilly announced top-line results from its Phase 3 SEQUOIA trial evaluating pegilodecakin plus Folfox compared to Folfox alone in patients with metastatic pancreatic cancer whose disease had progressed during or following a first-line gemcitabine-containing regimen. The SEQUOIA trial did not meet its primary endpoint of overall survival. The most common Grade 3/4 adverse events occurring at a higher rate on the pegilodecakin-plus-Folfox arm compared to the Folfox arm were neutropenia, thrombocytopenia, fatigue and anemia. Detailed efficacy and safety results will be submitted for presentation at a future medical meeting.
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NICE | Hot Stocks06:44 EDT Nice awarded air traffic incident system initiative in the Netherlands - Nice has been awarded the initiative to modernize voice and communications recording systems for Air Traffic Control the Netherlands. The project, to be delivered in collaboration with SkySoft-ATM, is part of a broader LVNL initiative to fully update the organization's voice communications technology and infrastructure. LVNL will use the next generation NICE Inform incident recording and reconstruction solution to record Dutch military airspace communications, and Air Traffic Control communications at various regional and international airports.
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AUPH | Hot Stocks06:42 EDT Aurinia Pharmaceuticals completes at-the-market share sale - Aurinia Pharmaceuticals reported that, in relation to at-the-market offerings of common shares further to its previously announced Open Market Sale Agreement with Jefferies, the company has completed the sale of 2,343,750 common shares at a weighted average price of $6.40 for aggregate gross proceeds of approximately $15M. The company does not intend to conduct further sales pursuant to the ATM at this time.
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AUPH | Hot Stocks06:40 EDT Aurinia reports last patient study visit in Aurora Phase 3 lupus study - Aurinia Pharmaceuticals reported that the last patient study visit has occurred in the Aurora Phase 3 lupus nephritis, or LN, study. Efficacy and safety results from Aurora remain on track to be reported by the end of the Q4. The company aims to submit an NDA for voclosporin during the first half of 2020. The Aurora clinical trial is a global, double-blind, placebo-controlled study to evaluate whether voclosporin, when used in combination with mycophenolate mofetil, can increase complete renal response rates at 52 weeks in the presence of low dose steroids. A total of 358 patients with LN were randomized into sites across 27 countries. The Aurora II study is a continuation study with the option of continuing their therapy for an additional two years in a blinded fashion. Results of this study are not required for FDA approval; however, Aurora II is expected to provide valuable insights as to the long-term safety and efficacy of voclosporin as a potential new treatment for LN.
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SCON | Hot Stocks06:40 EDT Superconductor Technologies awarded new U.S. patent - Superconductor Technologies was awarded U.S. Patent No. 10,446,294 , entitled "Coated conductor high temperature superconductor carrying high critical current under magnetic field by intrinsic pinning centers, and methods of manufacture of same" from the U.S. Patent and Trademark Office. This patent, along with previously issued patents USP 9,362,025 and USP 9,564,258, further protects the company's unique capabilities for improving the performance of its Conductus superconductor magnet wire that utilize the advantages in superconductor magnet applications with lower operating temperatures and high magnetic field are critical.
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ASML | Hot Stocks06:37 EDT ASML CEO Peter Wennink says continues to see 2019 as a growth year
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NEPT | Hot Stocks06:33 EDT Neptune Wellness announces Sherbrooke facility to use new cold ethanol equipment - Neptune Wellness announced that its Sherbrooke, Quebec facility started to process biomass using its new cold ethanol equipment. The first shipments of cannabis extracts produced with ethanol equipment are expected in the coming weeks once the final release testing is completed on the first batches that have been extracted. Combined with Neptune's CO2 extraction line, the company's capacity to process biomass is expected to reach an annual run rate of 200,000 kg by the end of November. As indicated previously, Neptune's current capacity, including the phase II expansion, is fully committed to existing clients. Starting with Phase II and going forward, Neptune has opted for cold ethanol technology, which could be up to five times faster than current CO2 equipment and which consumes up to two times less energy than current CO2 technology. The cold ethanol process combined with the high level of automation of Neptune's Sherbrooke facility should position the company as a low-cost manufacturer in Canada. Additionally, in recent weeks, the company has received additional security clearance from Health Canada for our production personnel which should alleviate operational constraints.
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ALXN ACHN | Hot Stocks06:33 EDT Alexion to acquire Achillion for $6.30 per share in cash - Alexion Pharmaceuticals (ALXN) and Achillion Pharmaceuticals (ACHN) announced that they have entered into a definitive agreement for Alexion to acquire Achillion. Achillion currently has two clinical-stage medicines in development, including danicopan (ACH-4471) in Phase 2 and ACH-5228 in Phase 1. The initial consideration of approximately $930M, or $6.30 per share of Achillion common stock, will be funded with cash on hand. As part of the acquisition, Alexion will also be acquiring the cash currently on Achillion's balance sheet. As of September 30, this was approximately $230M; the actual amount will be determined as of the transaction close. The transaction includes the potential for additional consideration in the form of non-tradeable contingent value rights, which will be paid to Achillion shareholders if certain clinical and regulatory milestones are achieved within specified periods. These include $1.00 per share for the U.S. FDA approval of danicopan and $1.00 per share for ACH-5228 Phase 3 initiation. Alexion's acquisition of Achillion is subject to the approval of Achillion shareholders and satisfaction of customary closing conditions and approval from relevant regulatory agencies, including clearance under the Hart-Scott Rodino Antitrust Improvements Act. Pending these approvals, the transaction is expected to close in the first half of 2020.
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AVGO | Hot Stocks06:32 EDT Broadcom ordered by EU to halt allegedly anticompetitive contract practices - The European Commission has ordered Broadcom to stop applying certain provisions contained in agreements with six of its main customers. This will prevent serious and irreparable harm to competition likely to be caused by Broadcom's conduct, which prima facie -- at first sight -- infringes EU competition rules. Margrethe Vestager, Commissioner in charge of competition policy, said: "We have strong indications that Broadcom, the world's leading supplier of chipsets used for TV set-top boxes and modems, is engaging in anticompetitive practices. Broadcom's behaviour is likely, in the absence of intervention, to create serious and irreversible harm to competition. We cannot let this happen, or else European customers and consumers would face higher prices and less choice and innovation. We therefore ordered Broadcom to immediately stop its conduct." Reference Link
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ALXN ACHN | Hot Stocks06:31 EDT Alexion to acquire Achillion for $6.30 per share in cash
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AMZN ORCL | Hot Stocks06:29 EDT Amazon says consumer business turns off final Oracle database - Amazon (AMZN) said in a blog post on Tuesday that it has shut down its last Oracle (ORCL) database for its consumer business, reducing its costs by 60%. Amazon is now using Amazon Web Services databases to power its consumer businesses such as Amazon Prime, Alexa, and Kindle. "More than 100 teams in Amazon's Consumer business participated in the migration effort. This includes well-known customer-facing brands and sites such as Alexa, Amazon Prime, Amazon Prime Video, Amazon Fresh, Kindle, Amazon Music, Audible, Shopbop, Twitch, and Zappos, as well as internal teams such as AdTech, Amazon Fulfillment Technology, Consumer Payments, Customer Returns, Catalog Systems, Deliver Experience, Digital Devices, External Payments, Finance, InfoSec, Marketplace, Ordering, and Retail Systems." Amazon said it migrated 75 petabytes of internal data stored in nearly 7,500 Oracle databases to multiple AWS database services including Amazon DynamoDB, Amazon Aurora, Amazon Relational Database Service, and Amazon Redshift. "The migrations were accomplished with little or no downtime, and covered 100% of our proprietary systems." Reference Link
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I | Hot Stocks06:05 EDT Intelsat and Marlink extend partnership for maritime broadband services - Intelsat and Marlink have agreed to a multi-year renewal and expansion of their partnership to provide broadband services to maritime vessels around the world. The multi-year agreement will deliver additional throughput to vessels via multiple layers of space-based coverage. Initiated in 2014, the partnership between Marlink and Intelsat enabled Marlink to enhance its portfolio of maritime VSAT services.
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TWTR | Hot Stocks06:03 EDT Twitter clarifies when it will enforce rules against world leaders - Twitter said in a blog post: "There continues to be meaningful public conversation about how we think about Tweets from world leaders on our service. We welcome the conversation and want to share more context on our principles and process for reviewing reported Tweets from these accounts. When it comes to the actions of world leaders on Twitter, we recognize that this is largely new ground and unprecedented. We assess reported Tweets from world leaders against the Twitter Rules, which are designed to ensure people can participate in the public conversation freely and safely. We focus on the language of reported Tweets and do not attempt to determine all potential interpretations of the content or its intent. Presently, direct interactions with fellow public figures, comments on political issues of the day, or foreign policy saber-rattling on economic or military issues are generally not in violation of the Twitter Rules. However, if a Tweet from a world leader does violate the Twitter Rules but there is a clear public interest value to keeping the Tweet on the service, we may place it behind a notice that provides context about the violation and allows people to click through should they wish to see the content. he below areas will result in enforcement action for any account on our service (without consideration of the potential public interest value in allowing the Tweet to remain visible behind a notice): Promotion of terrorism; Clear and direct threats of violence against an individual (context matters: as noted above, direct interactions with fellow public figures and/or commentary on political and foreign policy issues would likely not result in enforcement); Posting private information, such as a home address or non-public personal phone number; Posting or sharing intimate photos or videos of someone that were produced or distributed without their consent; Engaging in behaviors relating to child sexual exploitation; and Encouraging or promoting self-harm." Reference Link
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MOH | Hot Stocks06:02 EDT Molina Healthcare to acquire certain assets of YourCare Health Plan for $40M - Molina Healthcare announced that it has entered into a definitive agreement to acquire certain assets of YourCare Health Plan, a not-for-profit subsidiary of Monroe Plan for Medical Care. As a part of the transaction, Molina will assume the right to serve approximately 46,000 Medicaid members in seven counties in the Western New York and Finger Lakes regions. Monroe and its affiliate MP CareSolutions will continue to provide certain management and administrative services related to member care and provider relations. The purchase price of approximately $40M will be funded through Molina's available cash. Subject to the receipt of regulatory approvals and the satisfaction of other customary conditions, the closing of the transaction is expected to occur in early 2020. YourCare's estimated premium revenue for the full year 2019 is approximately $285M.
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APDN | Hot Stocks05:59 EDT Applied DNA Sciences enters partnership with Molecular Isotope Technologies - Applied DNA Sciences announced that it has entered into a partnership with Molecular Isotope Technologies, or MIT. MIT LLC's technology utilizes stable isotopic "fingerprints" as a method for verification of product origin and supply chain processing to support product claims.
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C TATYY | Hot Stocks05:49 EDT Citi appointed as successor depositary bank for Tate & Lyle ADR programme - Citi (C), acting through Citibank N.A., has been appointed by Tate & Lyle (TATYY), as successor as depositary bank for its sponsored Level 1 American Depositary Receipt, or ADR, programme. Tate & Lyle's ADR programme trades in the U.S. over-the-counter market, under the symbol "TATYY". Each ADR represents 4 ordinary shares.
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UTX | Hot Stocks05:26 EDT Collins Aerospace, Lufthansa sign A380 main landing gear MRO agreement - Collins Aerospace Systems, a unit of United Technologies, and Lufthansa Technik AG announced a first-of-its-kind licensing and asset agreement for A380 main landing gear Maintenance Repair & Overhaul, or MRO, services. Under the agreement, which spans the life of the A380 program, Lufthansa Technik will be able to provide A380 main landing gear MRO services and access to assets supporting customer layover schedules. Collins Aerospace will provide training, parts and proprietary repair procedures, including access to technical publications required to perform A380 main landing gear MRO services. Lufthansa Technik will offer asset management services through access to a collaboratively managed pool of main landing gears, owned by Collins Aerospace.
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GLPG | Hot Stocks05:24 EDT Galapagos enters drug discovery research collaboration with HitGen - HitGen announced that it has entered into a drug discovery research collaboration with Galapagos NV to identify potential small molecule leads against targets of interest to Galapagos NV. In this collaboration, HitGen will apply its technology platform, based on DNA-encoded library design, synthesis and interrogation, to discover novel leads. Under the terms of the agreement, HitGen will receive an undisclosed upfront payment and will be eligible for milestone payments from Galapagos NV.
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EPAY | Hot Stocks05:21 EDT Bottomline Technologies, Currencycloud partnership selected by Hargenant Group - Bottomline Technologies announced that Hargenant Group has selected a partnered service from Bottomline and Currencycloud for their cross-border payments. Hargenant Global specialises in accounting and payroll for the film and entertainment industry.
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AMZN | Hot Stocks05:19 EDT AWS selected as preferred cloud provider by Old Mutual Limited - Amazon Web Services, or AWS, an Amazon.com company, announced that Old Mutual Limited has selected AWS as its preferred cloud provider and will migrate its digital customer platforms, core insurance applications, and product administration systems to the cloud. With the help of AWS's expert professional services organization, the company will migrate over 1,000 applications to AWS, shutting down its data centers by early 2022. AWS's unmatched functionality, performance, reliable global infrastructure, and security will help Old Mutual modernize its technology infrastructure, rapidly innovate, and enhance the insurance and banking experience for customers, while also improving intermediary and employee interactions.
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WATT | Hot Stocks05:16 EDT Energous enters partnership with ZPower - Energous announced a partnership with ZPower, "the world's only developer of silver-zinc microbattery technology," to develop WattUp-enabled ZPower rechargeable microbatteries. "Designed for small electronic devices, such as hearing aids, ZPower's rechargeable silver-zinc batteries are the smallest, safest and highest energy density rechargeable microbatteries available."
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