Stockwinners Market Radar for November 06, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
MA | Hot Stocks20:45 EST Tappy Technologies, MasterCard to partner on payment technology platform in Asia - Tappy Technologies, the Hong Kong-based wearable and digital payments solution provider, announces a strategic partnership with Mastercard in the Asia Pacific region. The patented technology of Tappy embeds contactless payment chips into any accessory, transforming them into payment-enabled wearables. By partnering with Mastercard, Tappy can integrate its technology platform with Mastercard Digital Enablement Service tokenization platform for tokenizing payment credentials across mechanical and digital watches for use across contactless payments accepting Mastercard merchants.
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VNDA... | Hot Stocks19:37 EST Fly Intel: After Hours Movers - UP AFTER EARNINGS: Vanda Pharma (VNDA) up 21.7%... DexCom (DXCM) up 18.0%... Invacare (IVC) up 14.3%... Livongo Health (LVGO) up 13.9%... Career Education (CECO) up 11.4%... BlackLine (BL) up 10.7%... GoDaddy (GDDY) up 10.0%... Sailpoint (SAIL) up 9.2%... TherapeuticsMD (TXMD) up 8.8%... LiveRamp (RAMP) up 8.1%... Ring Energy (REI) up 8.1%... e.l.f. Beauty (ELF) up 7.4%... Conduent (CNDT) up 7.4%... Qualcomm (QCOM) up 5.8%... Fiserv (FISV) up 5.3%... Redfin (RDFN) up 4.6%... Dynavax (DVAX) up 4.5%... Baidu (BIDU) up 4.4%... Emergent Biosolutions (EBS) up 4.3%... Newtek Business (NEWT) up 4.1%... Angi Homeservices (ANGI) up 3.9%... Earthstone Energy (ESTE) up 3.8%... iQIYI (IQ) up 3.7%... Fox Corp (FOXA) up 3.4%... Ardelyx (ARDX) up 2.9%... Workiva (WK) up 2.8%... Vivint Solar (VSLR) up 2.7%.. Pan American Silver (PAAS) up 2.6%... Coherus Biosciences (CHRS) up 2.4%... Wynn Resorts (WYNN) up 1.9%... Square (SQ) up 1.4%. DOWN AFTER EARNINGS: Fossil Group (FOSL) down 26.7%... TPI Composites (TPIC) down 21.1%... Arcadia (RKDA) down 19.2%... Puma Biotech (PBYI) down 18.0%... Bandwidth (BAND) down 15.2%... Roku (ROKU) down 15.1%... Sensus Healthcare (SRTS) down 14.6%... Gluu Mobile (GLUU) down 13.9%... Expedia (EXPE) down 12.5%... Rubicon (RUBI) down 9.4%... Q2 Holdings (QTWO) down 9.3%... Forescout (FSCT) down 6.6%... Rosetta Stone (RST) down 6.5%... Lannett (LCI) down 6.1%... Quotient Technology (QUOT) down 5.8%... RealPage (RP) down 5.6%... TripAdvisor (TRIP) down 5.3%... Upwork (UPWK) down 4.5%... Carvana (CVNA) down 4.3%... Rent a Center (RCII) down 4.3%... SolarEdge (SEDG) down 3.6%... Kinross Gold (KGC) down 2.3%. ALSO LOWER: Agios Pharma (AGIO) down 5.3% after equity offering... Arvinas (ARVN) down 1.8% after equity offering. Movers as of 18:30ET.
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HBB | Hot Stocks19:31 EST Hamilton Beach board approves $25M stock repurchase program - Hamilton Beach board approved a stock repurchase program providing for the purchase of up to $25 million of the company's outstanding common stock starting January 1, 2020 and running through December 31, 2021.
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UBS BDORY | Hot Stocks19:17 EST UBS, Banco do Brasil partner to launch investment bank in South America - UBS (UBS) and Banco do Brasil (BDORY) have signed a binding agreement to establish a strategic partnership that will provide investment banking services and institutional securities brokerage in Brazil and select countries in South America. Clients in the region will have access to M&A and advisory capabilities, debt and equity capital markets, and a broad network of corporates and investors, as well as institutional securities brokerage and research. The deal is subject to regulatory approvals. The new investment bank is expected to be established through the combination of assets from both stakeholders. UBS intends to contribute its operational investment banking platform in Brazil and Argentina, as well as its institutional brokerage business in Brazil. Banco do Brasil intends to contribute the exclusive access rights to its corporate clients. UBS will hold a 50.01% ownership stake and Banco do Brasil 49.99%.
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LGIH | Hot Stocks19:01 EST LGI Homes expands presence in Dallas-Fort Worth - LGI Homes announced an expansion within the Dallas-Fort Worth market with the opening of two communities in the month of November, Eagle Lake Garden Village and Lake Ridge Estates, as well as the opening of a new section at the popular community Patriot Estates. Eagle Lake Garden Village, located just north of Fort Worth in Azle, is ideally situated just a short commute to all of the exciting attractions that downtown Fort Worth has to offer. Close to home, residents will enjoy local outdoor attractions such as Ash Creek Park, Shady Grove Park and Eagle Mountain Lake. LGI Homes will construct 30 homes within the community which will range in size from 1,236 square feet to just over 2,000 square feet, all featuring the CompleteHome interior package. Granite countertops, designer wood cabinetry, Whirlpool(R) kitchen appliances and more add style, energy-efficiency and value to every home. Three- and four-bedroom homes will be available for quick move-in at Eagle Lake Garden Village with pricing starting from the $190s. Ideally located just north of Denton, in Sanger, Texas is the brand-new community of Lake Ridge Estates. This highly desirable neighborhood boasts a stocked fishing pond, a children's playground and walking paths. Within the neighborhood, LGI Homes will construct five floor plans ranging in size from 1,401 square feet to 2,625 square feet with up to five bedrooms and two and a half baths. Each LGI home constructed in this community includes a stately brick exterior, professional front yard landscaping, a fully fenced backyard and comes equipped with LGI Homes' CompleteHome interior package. Prices at Lake Ridge Estates will start in the $210s. To introduce this new community, LGI Homes will host a grand opening event at Lake Ridge Estates on November 16, 2019.
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IFRX | Hot Stocks18:45 EST InflaRx up 23% after positive phase 2b study results for IFX-1 - Earlier today, InflaRx disclosed results of the open label extension part of the international SHINE Phase IIb study investigating the safety and efficacy of IFX-1, a first-in-class anti-human complement factor C5a monoclonal antibody, in patients with moderate to severe Hidradenitis Suppurativa. Overall, patients completing the OLE period showed a sustained improvement in inflammatory lesion count at week 40 compared to baseline counts of the OLE treatment group on day 1 of the SHINE study. . There was a relative reduction in the total body count of abscesses and inflammatory nodules of -66.9% and -75.0% draining fistula of -46.0% and -51.5%. Shares are up 23.6% afterhours at $3.20 per share on the news. Full disclosure of results are available here:Reference Link
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GDDY | Hot Stocks18:27 EDT GoDaddy up 10% to $69.26 after Q3 profit tops estimates
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CVS | Hot Stocks18:24 EDT CVS Health CEO: Innovation has become part of our DNA - In an interview on CNBC's Mad Money, CVS Health CEO Larry Merlo said: We are seeing the emergence of consumerism in healthcare... We want to make it more simple and reduce costs... Consumers are validating our strategy - it's working... We plan to achieve our leverage ratio target of 3x by 2022.
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LNT | Hot Stocks18:19 EDT Alliant Energy increases 2020 expected annual dividend target 7% to $1.52 - Alliant Energy's Board of Directors approved a 7% increase, or 10c per share, to its 2020 expected annual common stock dividend target of $1.52 per share from the current annual common stock dividend target of $1.42 per share. Payment of the 2020 quarterly dividend is subject to the actual dividend declaration by the Board of Directors each quarter, which is expected in January 2020 for the Q1 dividend.
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EXPE | Hot Stocks18:12 EDT Expedia down 13% to $117.90 after Q3 results miss estimates
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GPRK | Hot Stocks18:05 EDT GeoPark reports Q3 consolidated oil/gas production up 6% at 39.6K boe/d
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GPRK | Hot Stocks18:04 EDT GeoPark initiates quarterly dividend of 4.13c per share - The dividend is payable on December 10, 2019, to the shareholders of record at the close of business on November 22, 2019.
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RCII | Hot Stocks17:55 EDT Rent-A-Center reports Q3 SSS up 4.5% - CEO Mitch Fadel says: "I'm pleased to report strong third quarter results, which met our expectations. Consolidated same store sales increased 4.5% and the continued execution of our strategic plan drove adjusted EBITDA growth of 14.8% versus the third quarter of last year. As a result we are reiterating and narrowing our annual guidance. The integration with Merchants Preferred is progressing ahead of our expectations and we continue to believe our differentiated platform of offering both staffed and virtual options for our retail partners positions us for significant growth, including growth in national accounts and e-commerce retailers. Our focus is to serve lease-to-own customers across multiple channels by enhancing the customer experience through enabling technologies. In addition, we maintain a conservative balance sheet with ample capital to fund our growth initiatives and return capital to shareholders."
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AZUL | Hot Stocks17:52 EDT Azul reports October traffic up 36.3% - Azul announced its preliminary traffic results for October 2019. Consolidated passenger traffic in RPKs increased 36.3% compared to October 2018 on a capacity increase in ASKs of 33.3%, resulting in a load factor of 84.2%, an increase of 1.8 percentage points compared to the same period in 2018. Domestic load factor was 83.9% and international load factor was 85.4%. "In September we continued to demonstrate our ability to match capacity with demand by growing more than 30% while maintaining high load factors. We received our 32nd A320neo and are very excited with the delivery of our first E915-E2, both of which are key drivers of our margin expansion going forward," says John Rodgerson, Azul's CEO.
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RST | Hot Stocks17:50 EDT Rosetta Stone down 6.5% after reporting Q3 results, giving FY19, FY20 guidance
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SDXAY | Hot Stocks17:46 EDT Sodexo awarded $116.47M Navy contract modification for mess hall operations - Sodexo was awarded a $116.47M firm-fixed-price modification under a previously awarded contract for the management and operation of mess halls in support of the Marine Corps Regional Garrison Food Services Program. FY20 military personnel funding for $20.26M will be obligated at the time of award and will expire at the end of the current fiscal year. Marine Corps Installation Command is the contracting activity.
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SDXAY | Hot Stocks17:44 EDT Sodexo awarded $117.78M Navy contract modification for mess hall management - Sodexo awarded a $117.78M firm-fixed-price modification under a previously awarded contract for the management and operation of mess halls in support of the Marine Corps Regional Garrison Food Services Program. FY20 military personnel funding for $19.74M will be obligated at the time of award and will expire at the end of the current fiscal year. Marine Corps Installation Command is the contracting activity.
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LMT | Hot Stocks17:41 EDT Lockheed Martin awarded $184.58M Navy contract modification - Lockheed Martin was awarded a $184.58M cost-plus-fixed-fee, cost-plus-incentive-fee, fixed-price-incentive-firm, firm-fixed-price modification to a previously awarded fixed-price incentive firm contract to establish organic depot level repair capabilities for F-35 systems under the low-rate initial production Lot 11 non-annualized sustainment contract in support of the Air Force, Marine Corps, Navy, and non-Department of Defense, or DoD, participants. Systems included are: common components, conventional controls, surfaces and edges, electrical/mechanical activation, firewall shutoff valve, radar, wing flap actuator system, hydraulic power generation system, arresting gear, standby flight display, fuel system, exterior lighting, gun system control unit, filter modules, thermal management system fan, alternating current contactor module and rudder pedals. Work is expected to be completed in March 2023. FY20 aircraft procurement and non-DoD participant funds in the amount of $184.58M are being obligated at time of award, none of which will expire at the end of the current fiscal year. This contract combines purchases for the Air Force; the Marine Corps; Navy and non-DoD participants. The Naval Air Systems Command is the contracting activity.
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WTTR | Hot Stocks17:34 EDT Select Energy Services lowers 2019 CapEx view to $100M-$110M from $120M-$140M
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KMPR | Hot Stocks17:31 EDT Kemper increases quarterly dividend 12% - Kemper Corporation announced that its board has declared an increase in the company's quarterly dividend to 28c per share, or an increase of 12% from the previous quarterly dividend. The dividend is payable on December 4 to its shareholders of record as of November 18.
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TALO | Hot Stocks17:30 EDT Talos Energy sees FY19 CapEx $540M-$550M
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TALO | Hot Stocks17:29 EDT Talos Energy sees FY19 production 53-56 MBoe/d - The company said, "Full Year 2019 production is expected near the low end of the previously guided range, driven mainly by already disclosed impacts from Hurricane Barry, Boris 3 production and Pompano shut-in in the first quarter of 2019."
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PTGX | Hot Stocks17:25 EDT Protagonist Therapeutics says first patient dosed in Phase 2 study of PTG-200 - Protagonist Therapeutics announced that the first patient has been dosed in a Phase 2 study of PTG-200 in patients with moderate to severe Crohn's disease. PTG-200 is an oral, gut-restricted, interleukin-23 receptor antagonist for the potential treatment of inflammatory bowel diseases. Protagonist Therapeutics and Janssen Research & Development are jointly conducting the development of PTG-200 through completion of Phase 2 clinical proof of concept in the treatment of Crohn's disease.
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EXPE | Hot Stocks17:25 EDT Expedia cuts FY19 adjusted EBITDA view to up 5%-8% from up 12%-15% - Comments taken from Q3 earnings conference call.
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MDU | Hot Stocks17:24 EDT MDU Resources subsidiary receives permit for Texas quarry operations - Knife River Corporation, the construction materials subsidiary of MDU Resources Group, announced it has received permitting to begin operations at a strategic new aggregate quarry in Texas. The quarry contains an estimated 40-year supply of high-quality aggregates, enabling Knife River to self-supply a significant portion of the base materials it uses for construction and for the production of ready-mix concrete and asphalt. The site also will be open to third-party sales. The 570-acre property, known as the Honey Creek Quarry, is northwest of Austin in Burnet County, Texas. The Texas Commission on Environmental Quality has granted Knife River an Air Quality Standard Permit to construct a rock-crushing plant at the quarry. Knife River anticipates production at the site will begin in the third quarter of 2020.
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AWSM | Hot Stocks17:23 EDT Cool Holdings announces delisting from Nasdaq, to trade on OTCQB - Cool Holdings announced that it withdrew its oral hearing request it previously submitted to the Nasdaq Hearings Panel on October 7, 2019. The Request was submitted to the Panel after the company received a letter from the Nasdaq Listing Qualifications Staff on October 1, 2019 stating that it was still not compliant with the minimum stockholders' equity requirement of Nasdaq Listing Rule 5550(b) and would be suspended from the Nasdaq Capital Market at the opening of business on October 10, 2019. Additionally, the Letter stated a Form 25-NSE would be filed by Nasdaq with the SEC to remove the company's shares of common stock from listing and registration on Nasdaq. The submission of the Request stayed the Delisting from proceeding, subject to a hearing in front of the Nasdaq Hearings Panel which was to occur on November 21. The company originally intended to appeal the Delisting at the Hearing. However, the board of directors, in consultation with senior officers of the company subsequently reviewed a number of considerations and factors. After assessing the company's business, finances, the price of its common stock and regulatory requirements of Nasdaq, Management determined that the potential negative impact, financial and otherwise, to the company and its stockholders from corporate and other actions required to regain compliance with Nasdaq rules to end the Delisting were not warranted. As a result of withdrawing the Request, the company received notification from Nasdaq that its common stock will be suspended at the opening of business on November 8, 2019, and a Form 25 to complete the Delisting will be filed with the SEC by Nasdaq when all its internal appeal periods have expired. The company has applied to have its common stock traded on the Over-the-Counter OTCQB Venture Market and anticipates launching on the OTCQB the same date the Delisting occurs. The company will continue to file periodic and other reports with the SEC as the company's common stock will remain registered under Section 12(g) of the Securities Exchange Act of 1934, as amended.
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III | Hot Stocks17:21 EDT Information Services authorizes share repurchase expansion to up to $20M - Information Services approved a new share repurchase authorization of $10.8M, increasing to $20M the aggregate available under its share repurchase program. The new share repurchase program will take effect upon completion of the company's current program, which has approximately $9.2M remaining.
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SQ | Hot Stocks17:21 EDT Square up 3.65% after reporting Q3 earnings, narrowing FY19 EPS guidance
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CVNA | Hot Stocks17:21 EDT Carvana down 5% after reporting Q3 results, raising FY19 revenue guidance
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NC | Hot Stocks17:16 EDT Nacco Industries announces new $25M share repurchase program - Nacco's Board of Directors approved a stock purchase program providing for the purchase of up to $25M of the company's outstanding Class A Common Stock through December 31, 2021. NACCO's current program would have expired on December 31, 2019 but has been terminated and replaced by the new program. Since the adoption of the prior program in February 2018, the company has expended approximately $3M to purchase approximately 83,500 shares of Class A common stock.
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FG | Hot Stocks17:12 EDT FGL Holdings names John Fleurant as CFO, succeeding Dennis Vigneau - FGL Holdings announced the appointment of John Fleurant as CFO, effective November 11, following a comprehensive search process. Fleurant succeeds Dennis Vigneau, who previously announced his intention to retire at the end of 2019. Fleurant brings more than three decades of finance experience, most recently having spent nearly 10 years at New York Life, including as Executive Vice President and CFO since 2013.
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GERN | Hot Stocks17:08 EDT Geron backs FY19 operating expenses view of $80M-$85M
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OMAB | Hot Stocks17:06 EDT OMA reports October terminal passenger traffic up 8.3% - Grupo Aeroportuario del Centro, known as OMA, reported that terminal passenger traffic at its 13 airports increased 8.3% in October 2019, as compared to October 2018. Domestic traffic increased 8.2%, and international traffic increased 9.6%.
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SMBK | Hot Stocks17:04 EDT SmartFinancial initiates 5c per share quarterly dividend - SmartFinancial, the parent company for SmartBank, announced that its board of directors has approved the initiation of a regular quarterly dividend. On November 6, the board of SmartFinancial declared a quarterly cash dividend of 5c per share of SmartFinancial common stock payable on December 6 to shareholders of record as of the close of business on November 21.
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EGAN | Hot Stocks17:02 EDT eGain backs FY20 SaaS revenue view $53.8M-$55.4M
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GES | Hot Stocks17:02 EDT Guess names Katie Anderson as new CFO - Guess announced that Katie Anderson has been appointed CFO, effective December 2, 2019. Ms. Anderson will replace Sandeep Reddy, who will be leaving the Company on December 1, 2019. Ms. Anderson joins Guess? from California Pizza Kitchen, where she has served as Chief Financial Officer since November 2016.
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BMY | Hot Stocks16:59 EDT Bristol-Myers' Schmukler sells 25,000 common shares - In a regulatory filing, Bristol-Myers president of global manufacturing and supply Louis S. Schmukler disclosed the sale of 25,000 common shares of the company at a price of $56.56 per share.
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PEN | Hot Stocks16:55 EDT Penumbra's Indigo Aspiration System trial met primary safety, efficacy endpoints - Penumbra announced that the EXTRACT-PE trial successfully met the primary endpoints, demonstrating the safety and efficacy of the Indigo Aspiration System for aspiration mechanical thrombectomy in patients with acute pulmonary embolism. The data were presented in the Late-Breaking Clinical Trials session today at the Vascular InterVentional Advances Annual Meeting in Las Vegas. "The positive results of the EXTRACT-PE trial, the first prospective safety and efficacy study of the Indigo Aspiration System, are a step forward in building needed clinical evidence around catheter-based embolectomy in patients with acute pulmonary embolism," said Akhilesh Sista, MD, FSIR, FAHA, EXTRACT-PE national principal investigator, chief of Vascular and Interventional Radiology at NYU-Langone School of Medicine, and vice chair of the recently published Interventional Therapies for Acute Pulmonary Embolism guidelines from the American Heart Association. "New AHA guidelines state that catheter-based embolectomy may have an important role in severe PE, but that more study is needed. EXTRACT-PE is an important first step in determining how and when we should employ promising and innovative catheter-based technologies such as the Indigo aspiration device."
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HPQ XRX | Hot Stocks16:55 EDT HP Inc. confirms receiving proposal from Xerox - HP Inc. (HPQ) issued the following statement: "As reviewed at HP's most recent Securities Analyst Meeting, we have great confidence in our multi-year strategy and our ability to position the company for continued success in an evolving industry, particularly given the multiple levers available to drive value creation. Against this backdrop, we have had conversations with Xerox Holdings Corporation (XRX) from time to time about a potential business combination. We have considered, among other things, what would be required to merit a transaction. Most recently, we received a proposal transmitted yesterday. We have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all our shareholders."
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TCOM... | Hot Stocks16:54 EDT Trip.com Group TripAdvisor announce strategic partnership - Trip.com Group (TCOM), formerly known as Ctrip.com, and TripAdvisor (TRIP) announced a strategic partnership to expand global cooperation, including a joint venture, global content agreements and a governance agreement. First, Ctrip Investment Holding Ltd., a subsidiary of Trip.com Group has entered into a joint venture with TripAdvisor's subsidiary TripAdvisor Singapore Private Limited. Trip.com Group will be the majority shareholder of the new joint venture entity and will contribute cash and market expertise. TripAdvisor will own 40% of the joint venture and will contribute a long-term exclusive brand and content license and other assets of its China business. Both companies have agreed to share inventories in travel categories at the joint venture level. The joint venture will operate globally as TripAdvisor China. Second, Trip.com Group and TripAdvisor have entered into global content agreements providing for distribution of selected TripAdvisor content on major Trip.com Group brands, including Trip.com, Ctrip, Skyscanner and Qunar. Furthermore, Trip.com Group and TripAdvisor also entered into a Governance Agreement pursuant to which Trip.com Group will have a nomination right for one TripAdvisor, Inc. Board seat commencing upon the relevant regulatory bodies' approvals of the transaction. To maintain the Board seat, Trip.com Group shall acquire up to 6.95M TripAdvisor shares or TripAdvisor shares valued at $317.6M through open market transactions within one year following regulatory approvals. TripAdvisor and its controlling shareholder Liberty TripAdvisor Holdings have separately agreed to provide Trip.com Group with certain information rights with respect to potential transactions for the sale of TripAdvisor Class B shares or LTRP Series B shares, respectively. The broad strategic partnership pairs Trip.com Group's market leadership in travel booking capabilities and China travel market expertise with TripAdvisor's unique brand strength, rich global user-generated content, and points-of-interest database, as well as best-in-class in-destination supply. The strategic partnership marks an important step for Trip.com Group to realize its globalization vision with greater quality services, and for TripAdvisor to further strengthen its position as a global travel leader.
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ROAN | Hot Stocks16:51 EDT Roan Resources to temporarily curtail drilling, development activity - Roan has also elected to temporarily curtail its drilling and development activity and to suspend all completion activity. This reduction in activity is to allow our new CEO, Rick Gideon, time to assess the Company's overall operations plan. As a result of this change, investors should no longer rely on the guidance provided by the Company on its last quarterly investor call, and Roan does not expect to otherwise update or provide further guidance.
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TMST | Hot Stocks16:47 EDT TimkenSteel sees Q4 shipments down approximately 15% - "The company expects fourth-quarter shipments to be down from the third-quarter 2019 by approximately 15 percent. Adjusted EBITDA is projected to be between break-even to negative $10 million. Due to the expected full remeasurement of the company's pension and post-retirement plan assets and obligations at Dec. 31, 2019, the company is unable to reconcile its fourth-quarter outlook for adjusted EBITDA to a comparable GAAP range. The gain or loss from re-measurement cannot be estimated at this time. Production levels are expected to be below third-quarter 2019 as a result of continued balancing of production with demand. Surcharge revenue is expected to be lower due to a declining No. 1 busheling scrap index. LIFO is projected to continue to be a benefit, but at a level below third quarter of 2019. Capital spending is projected to be approximately $15 million to $20 million in the fourth quarter."
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IFRX | Hot Stocks16:45 EDT InflaRx NV trading resumes
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FLT | Hot Stocks16:44 EDT FleetCor increases share repurchase program by additional $1B - The Company's board of directors authorized an increase in the size of the Company's previously announced share repurchase program by an additional $1.0 billion of common stock and extended the program by three years. With the increase, and giving effect to the Company's $1.611 billion of previous repurchases, the Company may repurchase up to $1.489 billion of its common stock at any time prior to February 1, 2023.
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ERI CZR | Hot Stocks16:37 EDT Eldorado Resorts CEO says 'increasingly excited' about Caesars acquisition - CEO Tom Reeg says: "As we continue to move through the regulatory review process in advance of the expected closing in the first half of 2020 for the Caesars Entertainment acquisition, our senior management and integration team has now had the opportunity to visit every domestic Caesars asset. We are increasingly excited about the opportunity to combine best practices from each company. We remain confident that the national, multi-brand footprint across all major and regional markets created by the combination of Eldorado and Caesars is a strategically, financially and operationally compelling opportunity that is expected to deliver value to shareholders and stakeholders of both companies."
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MRO | Hot Stocks16:36 EDT Marathon Oil reports Q3 U.S. oil production averaged 201,000 net bopd - Up 17% from year-ago quarter, divestiture-adjusted, and above top end of guidance range. Company oil production averaged 216,000 net bopd during third quarter, up 14% from year-ago quarter, divestiture-adjusted, and at top end of guidance range. Development capital spend of $646M third quarter; annual $2.4B development capital budget remains unchanged.
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NGS | Hot Stocks16:35 EDT Natural Gas Services CFO G. Larry Lawrence to retire - Natural Gas Services Group announced that G. Larry Lawrence, the company's VP, CFO and Corporate Secretary will retire from the company effective November 15. He will also relinquish his position as Principal Accounting Officer. Coincident with the retirement of Larry Lawrence, the board has appointed James Lawrence as VP, CFO and Corporate Secretary, effective November 16. Lawrence will also assume the role as Principal Accounting Officer. Lawrence joined the company on October 1. Previously, he served as the CFO of Bold Energy III LLC.
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MRO | Hot Stocks16:35 EDT Marathon Oil sees Q4 U.S oil production 190,000-200,000 net boed - For fourth quarter, the company forecasts total U.S. oil production of 190,000 to 200,000 net bopd. Fourth quarter international oil production guidance is 12,000 to 16,000 net bopd. Full year 2019 divestiture-adjusted oil production growth guidance is now expected to be 11% for total company and 13% for U.S., above initial guidance of 10% and 12% respectively.
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CMCO | Hot Stocks16:35 EDT Columbus McKinnon plans closure of Ohio operation - Columbus McKinnon announced that it will be closing its Lisbon, Ohio factory and consolidating this operation into its facilities in Virginia and North Carolina. Mark Morelli, President and Chief Executive Officer commented, "We are continuously identifying opportunities to simplify our business. This consolidation will provide better service and an improved overall experience for our customers, while driving value. Over the last year, we have transformed the Wadesboro, North Carolina and Damascus, Virginia facilities into "assembly-manufacturing centers of excellence" for wire rope and electric chain hoists, respectively. With the closure of the Lisbon, Ohio operation, we will transfer more product lines into these Centers of Excellence." The Lisbon, Ohio facility was part of the Chester Hoist acquisition in 1995. The closure of the Lisbon operation will affect 59 union associates and 17 staff associates in that location. The restructuring process is expected to take between seven to ten months. The Company expects plant closure costs of approximately $3.5 million and estimates annual savings of $5.0 million once completed.
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BIDU | Hot Stocks16:32 EDT Baidu reports Q3 DAUs reached 189M, up 25% y/y - "Baidu App traffic continues to grow robustly with DAUs reaching 189 million, up 25% year over year, in September and Baidu's in-app search continues to gain market share. Our focus to combine search and feed and expand Baidu App's content and services offerings is improving user experience and drawing publishers and service providers to place more content and services on Baidu's hosted platform, which in turn draws more users. This positive reinforcing cycle has been a contributing factor to Baidu Core's operating margin rising 1,400 basis points from the prior quarter," said Robin Li, Chairman and CEO of Baidu. "On Baidu's new AI businesses, DuerOS voice assistant continues to experience strong momentum with monthly voice queries surpassing 4.2 billion in September, up over 4.5 fold year over year. On Apollo, we are excited about our progress in early-stage commercialization of smart transportation with the release of Apollo-powered robotaxi pilot program to the public in Changsha, Hunan in September."
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ATO | Hot Stocks16:32 EDT Atmos Energy raises quarterly dividend to 57.5c per share - Atmos Energy Corporation said that its Board of Directors declared a quarterly dividend increase on the company's common stock to $0.575 cents per share. The Fiscal 2020 indicated annual dividend is $2.30. The Fiscal 2019 annual dividend was $2.10.
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SBOW | Hot Stocks16:31 EDT SilverBow Resources backs FY19 CAPEX view of $255M-$260M - Sees FY19 capital expenditures of $255M-$260M and production between 228-232 MMcfe/d, both in line with previous guidance. Sees FY20 capital budget of $175-$195 million, a 30% decrease year-over-year at the midpoint while delivering 25% oil production growth
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HA | Hot Stocks16:28 EDT Hawaiian Airlines reports October traffic up 5%, capacity up 2.1% - Load factor of 88% was up 2.4 pts.
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PGRE | Hot Stocks16:24 EDT Paramount Group announces new $200M stock repurchase program - Paramount Group said it completed its $200M stock repurchase program by repurchasing 7,158,804 common shares in 2019 at a weighted average price of $13.22 per share. The company received authorization from its board to repurchase an additional $200M of common stock from time to time, in the open market or in privately negotiated transactions.
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ARDX | Hot Stocks16:24 EDT Ardelyx still sees cash and cash equivalents sufficient until early 2021
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COST | Hot Stocks16:19 EDT Costco reports October net sales $11.92B - Costco Wholesale Corporation reported net sales of $11.92B for the retail month of October, the four weeks ended November 3, 2019, an increase of 6.8% from $11.16B last year. Total company comparable sales were up 5.7%, with e-commerce sales up 16.5%. Comp sales ex-gas and FX were up 6.3% for total company and 16.7% for e-commerce. For the nine weeks ended November 3, the company reported net sales of $26.33B, an increase of 6.2% from $24.80B last year.
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EQH | Hot Stocks16:19 EDT AXA Equitable announces $400M share repurchase authorization - AXA Equitable Holdings, Inc. announced that its Board of Directors has authorized a new $400 million share repurchase program. "This authorization accelerates our 2020 capital management program and supports our commitment to return 50-60% of Non-GAAP Operating Earnings to shareholders on an annualized basis," said Mark Pearson, President and CEO of AXA Equitable Holdings. "Since our IPO in May of 2018, AXA Equitable Holdings has returned $1.8 billion to shareholders in the form of quarterly dividends and share repurchases. We believe that this authorization further demonstrates the Board's confidence in the strength and stability of our balance sheet and our ability to deliver sustainable cash flows and generate long-term shareholder value."
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CTL | Hot Stocks16:18 EDT CenturyLink backs FY19 outlook - "Year-to-date, Adjusted EBITDA grew compared to the same period in 2018, driven by our continued focus on profitable revenue and cost transformation initiatives," said Neel Dev, CenturyLink's executive vice president and CFO. "We are pleased with our solid performance and are reiterating all of our financial outlook measures for the full year 2019."
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NBHC | Hot Stocks16:16 EDT National Bank increases quarterly dividend 5.3% - National Bank Holdings Corporation announced that its board approved a cash dividend to shareholders. The quarterly cash dividend will increase 5.3% to 20c per share from 19c per share of common stock. The dividend will be payable on December 13 to shareholders of record at the close of business on November 29.
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EPM | Hot Stocks16:15 EDT Evolution Petroleum completes acquisition of assets from Merit Energy Company - Evolution Petroleum Corporation announced it has closed on the acquisition of certain producing assets from Merit Energy Company for a purchase price of $9.5M in cash. The company said, "This transaction is a substantive first step in the company's efforts to diversify and grow its asset base through the acquisition of primarily long life, developed oil and gas properties, which will be supportive of the company's dividend."
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QUOT | Hot Stocks16:15 EDT Quotient Technology acquires Ubimo, terms not stated - Quotient Technology announced that it has agreed to acquire Israel-based Ubimo, a data and media activation company. Through its demand-side platform, Ubimo will bring "best in-class" technology to further strengthen Quotient's targeted digital media solutions, accelerate the development of Quotient's self-service platform, and meet the needs of consumer-packaged goods brands and retailers.
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IFRX | Hot Stocks16:10 EDT InflaRx NV trading halted, news pending
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FOXA | Hot Stocks16:09 EDT Fox Corp. announces $2B stock repurchase program - Fox Corporation announced that its Board of Directors has authorized a $2B stock repurchase program. Subject to market conditions and other factors, the company intends to repurchase, in the open market or otherwise, a combination of the company's Class A common stock and Class B common stock. This stock repurchase program has no time limit and may be modified, suspended or discontinued at any time. The company also announced that it has entered into an accelerated stock repurchase transaction to repurchase, in the aggregate, $350M of the company's Class A common stock pursuant to the stock repurchase program. The company also intends to promptly repurchase approximately $150M of Class B common stock. As a result, the company expects to complete approximately $500M of aggregate stock repurchases in the near term. The Board's decision follows the execution of a stockholders agreement by and between the company and the Murdoch Family Trust, which was approved by the independent members of the Board, and which limits the potential accretion of voting power by the MFT and Murdoch family members through market purchases or as an indirect result of repurchases by the Company of shares of Class B common stock. Lachlan Murdoch, Executive Chairman and CEO, commented: "We are committed to deploying capital to maximize long-term stockholder value through a balanced approach of appropriate organic investment, accretive M&A, and returns of capital to our stockholders. This stock buyback program reflects the confidence we have in the long-term investment case for the Company, which is underpinned by the strength of our core brands and the sustainability of our business, and which we believe is well positioned to continue to generate healthy free cash flow."
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EXPE | Hot Stocks16:08 EDT Expedia reports Q3 gross bookings up 9% to $26.9B - Total stayed lodging room nights increased 11%.
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QCOM | Hot Stocks16:07 EDT Qualcomm removes interim tag from CFO Akash Palkhiwala - Qualcomm announced that its board has unanimously approved the appointment of Akash Palkhiwala as executive vice president and Chief Financial Officer. Palkhiwala has been serving the company as interim CFO since August.
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SITC | Hot Stocks16:07 EDT Site Centers CFO Ostrower to resign - SITE Centers resignation of Executive Vice President, Chief Financial Officer and Treasurer, Matthew Ostrower, effective on November 27, 2019, to pursue a new opportunity. Following his departure, Mr. Ostrower will be replaced by Conor Fennerty, who joined SITE Centers in April 2017, serving since then as Senior Vice President of Capital Markets responsible for capital raising activities and management of the Company's financial planning and analysis functions.
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WYNN | Hot Stocks16:06 EDT Wynn says on track to launch renovated West Casino at Wynn Macau in late 2019 - Matt Maddox, CEO of Wynn Resorts, said, "On the development front, we are on track to launch the renovated West Casino at Wynn Macau beginning in late 2019, further solidifying the property as the peninsula's marquee integrated resort. In Las Vegas, our 430,000 square foot group space expansion is on schedule to open in the first quarter of 2020 and feedback from meeting planners has been very encouraging."
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RP | Hot Stocks16:05 EDT RealPage to acquire Buildium - RealPage announced it has agreed to acquire Buildium LLC, a SaaS real estate property management solution provider. RealPage expects to combine its best-in-class capabilities with Buildium to target smaller multifamily, single-family, Associations and commercial real estate market segments. These areas collectively form the SMB market segment, which the company estimates to represent 50 million units in the U.S., and a significant growth opportunity. The completion of the acquisition remains subject to certain standard closing conditions, including regulatory approval, which RealPage anticipates will be satisfied prior to December 31, 2019. The company will acquire Buildium for an initial purchase price of $580 million in cash, less any closing and working capital adjustments and a holdback. Buildium generated approximately $50 million in revenue during the twelve months ended September 30, 2019, with an expected run-rate of approximately $60 million by year-end, representing over 30% year-over-year growth.
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CRZO CPE | Hot Stocks16:04 EDT Carrizo Oil & Gas shareholder votes against acquisition by Callon Petroleum - Callon Petroleum (CPE) shareholder Paulson & Co, as manager of funds holding 21.6 million shares, or 9.5% of those outstanding, of Callon, voted its Callon shares against the proposed acquisition of Carrizo Oil & Gas (CRZO). Paulson notes that ISS and Glass Lewis both recommend that Callon shareholders vote against the company's proposed acquisition of Carrizo. Paulson & Co. stated that "If, on November 14th, Callon shareholders reject the approval of the proposed acquisition, Paulson requests that the Callon Board should follow the will of its shareholders and direct management to focus on: reducing G&A costs, which have risen by over $12M for the first nine months of 2019 versus 2018; focusing its SIMOPS mega-pad development on its extensive stand-alone acreage; delivering on generating true corporate-level free cash flow organically starting in the fourth quarter of this year assuming $50/bbl, as previously guided (page 14 of its February 26, 2019 presentation); and engaging new, independent advisors to pursue a sale of Callon".
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ROKU | Hot Stocks16:04 EDT Roku reports Q3 active accounts 32.3M, up 1.7M from last quarter - Reports Q3: Platform revenue of $179.3 million, up 79% YoY; Active Accounts of 32.3 million, a net addition of 1.7 million over last quarter; Streaming Hours increased 0.9 billion hours over last quarter, to 10.3 billion; Average Revenue Per User (ARPU) of $22.58 (Trailing Twelve Months), up 30% YoY.
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CHRS | Hot Stocks16:03 EDT Coherus Biosciences acquires commercial rights for Lucentis biosimilar - Coherus BioSciences announced the company has acquired exclusive rights from Bioeq IP AG, a Swiss biopharmaceutical joint venture, to commercialize Bioeq's biosimilar candidate to Lucentis in the United States. Bioeq plans to file a Biologics License Application with the FDA in Q4 and Coherus plans to launch the product in 2021. According to the terms of the agreement, Coherus will make a mid-single digit million-dollar upfront payment as well as other regulatory and launch milestone payments. The companies will share profits approximately equally.
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OSUR | Hot Stocks16:01 EDT OraSure acquires Diversigen - OraSure Technologies announced that it has entered into a definitive agreement to acquire the outstanding equity of Diversigen in an all-cash transaction. Diversigen is a privately held microbiome industry pioneer based in Houston, Texas. Diversigen provides science-driven, customized solutions for metagenomics sequencing, bioinformatics, and statistical analysis for the study of the microbiome. The transaction is structured to include an upfront cash payment of $12M and the potential for an additional earn-out payment tied to revenue performance during 2019. The transaction is expected to close in the next several days.
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ARGO | Hot Stocks15:58 EDT Voce Capital says 'abrupt CEO transition does not allay concerns' about Argo - Voce Capital Management, the beneficial owner of approximately 5.8% of the shares of Argo Group International Holdings, issued a statement commenting on Argo's recent CEO transition announcement: "The abrupt 'retirement' of Argo's CEO yesterday does not resolve our concerns about the Company's operations, strategy and corporate governance; in fact, it raises more questions than it answers. As we stated in our October 14 press release following the initial news of the SEC probe, '[t]he disclosure that the Company is now under federal investigation vividly illustrates the need for immediate and sweeping changes at Argo. . . . [We] do not believe that a Board that allowed myriad corporate governance transgressions at Argo can be trusted to deliver the Company from the resulting crisis which now engulfs it.'"
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V | Hot Stocks15:13 EDT Visa announces plans for new San Francisco headquarters - Visa announced its plans to lease a new, 300,000 square foot, 13-story building in the vibrant Mission Rock neighborhood of San Francisco, which will serve as Visa's new global headquarters once completed. Additionally, as part of Visa's overall Bay Area real estate expansion plan, Visa will completely redesign its Foster City campus into a state-of-the-art facility to create a collaborative and inspiring environment for our Product and Technology teams. "For over 60 years, Visa's roots have been in the Bay Area and we want to re-invest in San Francisco and Foster City to better support our talented team of employees and growing business needs," said Al Kelly, Visa CEO and Chairman. "It's important to have a dynamic office environment that encourages collaboration, inspires creativity and reflects our stature as a world-class brand. We've been very thoughtful about this decision and are excited to have two world-class locations for our Bay Area community of employees and partners."
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BGNE | Hot Stocks15:08 EDT BeiGene treatment of esophageal cancer granted orphan designation - BeiGene's tislelizumab was granted orphan designation by the FDA as a treatment of esophageal cancer, according to a post to the agency's website. Reference Link
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KL | Hot Stocks14:28 EDT Kirkland Lake Gold increased common dividend 50% to 6c per share - Kirkland Lake Gold announced a 2c per share increase to the quarterly dividend, to 6c per share, commencing with the fourth quarter 2019 dividend payment to be paid in January 2020. Tony Makuch, President and CEO of Kirkland Lake Gold, commented: "Q3 2019 was our best quarter to date driven by exceptional results at Fosterville and a solid quarter of performance at Macassa. At Fosterville, production increased by almost 70,000 ounces from Q3 2018 largely reflecting a 75% improvement in the average grade, to 41.8 g/t. Grades of this level are rarely seen in our industry and resulted from the ramp up in production of the high-grade Swan Zone. We mined our first Swan stope during last year's third quarter, which contributed about 7,500 ounces of production. We have ramped up production since then and, in Q3 2019, mined 11 Swan Zone stopes, which contributed about 94% of the 158,327 ounces produced for the quarter. Substantially higher grades resulted in further improvement in unit costs which, combined with rising gold prices, led to significant margin expansion at Fosterville during the quarter. Turning to Macassa, the mine had a strong quarter in Q3 2019 with tonnes processed increasing 18% and the average grade improving to 23.3 g/t from 21.5 g/t in Q2 2019. We expect Fosterville and Macassa to finish 2019 with strong fourth quarters, which will position both mines to easily achieve their full-year 2019 production guidance of 570,000 - 610,000 ounces and 240,000 - 250,000 ounces, respectively. At the Holt Complex, we have lowered our production guidance for full-year 2019 based on results to date and are now assessing a future strategy for this operation."
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FB | Hot Stocks14:11 EDT California AG petitions court to force Facebook to comply with subpoena - California Attorney General Xavier Becerra filed a petition in the San Francisco Superior Court requesting that the court order Facebook to comply with an outstanding subpoena and investigative interrogatories issued by the Attorney General on behalf of the People of California on June 17, 2019. The state's petition alleges that Facebook has failed to comply with the Attorney General's subpoena and interrogatories by providing inadequate responses and failing to provide, or even search for, responsive documents among the communications of the company's senior executives. "The California Department of Justice, pursuant to its statutory authority, issued investigative subpoenas against Facebook starting back in June 2018 to examine the company's actions and business practices and any violations of user privacy. The responses we have received to date are patently inadequate. Our work must move forward. We are left with little choice but to seek a court order compelling Facebook to faithfully comply with our duly authorized subpoenas," said Attorney General Becerra. Reference Link
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FDBC | Hot Stocks14:08 EDT Fidelity D & D Bancorp raises quarterly dividend 8% to 28c per share - The board of directors of Fidelity D & D Bancorp, parent company of The Fidelity Deposit and Discount Bank, announced its declaration of the company's fourth quarter dividend of 28c per share, an 8% increase above the prior quarterly cash dividend of 26c per share.
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CIDM | Hot Stocks14:03 EDT Cinedigm acquires holiday film '2nd Chance for Christmas' - Cinedigm announced the acquisition of Cinetel Films' holiday film "2nd Chance for Christmas" starring Brittany Underwood, Vivica A. Fox, and Tara Reid. Cinedigm will distribute the film in the U.S. and Canada that is scheduled to release on Digital on November 19 followed by the DVD release on December 3.
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SALM | Hot Stocks13:33 EDT Salem Media postpones release of Q3 results, conference call - Salem Media Group announced that it is postponing the release of its third quarter 2019 financial results to accommodate the additional time required by the company and its independent auditors to finalize the analysis of valuation allowances for deferred taxes.
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BP... | Hot Stocks13:29 EDT Oil majors fall after EIA report shows crude inventory build - The EIA summary of weekly petroleum data for the week ending November 1 sent crude oil prices lower on Wednesday. U.S. crude oil refinery inputs averaged 15.8M n barrels per day during the week ending November 1, which was 237,000 barrels per day less than the previous week's average. Refineries operated at 86.0% of their operable capacity last week. Gasoline production decreased last week, averaging 10M barrels per day. Distillate fuel production decreased last week, averaging 4.9M barrels per day. U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased by 7.9M barrels from the previous week. At 446.8M barrels, U.S. crude oil inventories are about 3% above the five year average for this time of year. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
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NVR | Hot Stocks13:25 EDT NVR authorizes repurchase of $300M of outstanding common stock - NVR, Inc. announced that its board of directors has authorized the repurchase of $300M of its outstanding common stock. The purchases will occur from time to time in the open market and/or in privately negotiated transactions as market conditions permit. The company indicated that the authorization is a continuation of the stock repurchase program that began in 1994 and is "consistent with NVR's strategy of maximizing shareholder value."
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DVN | Hot Stocks13:23 EDT Devon Energy, QLCP partner to fund Delaware Basin gas gathering infrastructure - QL Capital Partners and Devon Energy Corporation have entered into an agreement to create a new partnership to fund selected gas gathering and compression assets owned by Devon in the company's "Cotton Draw" development area within the Delaware Basin. As part of the transaction, Devon will contribute its existing gas gathering and compression infrastructure within an area of mutual interest to Cotton Draw Midstream, a newly formed partnership which Devon will continue to operate pursuant to a management services agreement. Devon will dedicate to the Partnership approximately 24,000 gross upstream acres for gathering and compression on the Partnership's system. Per the terms of the agreements, QLCP will fund a $100 MM distribution to Devon, and will also fund the majority of incremental Partnership capital to build out the Cotton Draw midstream assets over the next several years. Kirkland & Ellis served as legal counsel to QLCP and Vinson & Elkins served as legal counsel to Devon.
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DIS | Hot Stocks13:08 EDT 'Avengers: Endgame' available on Disney+ on November 12 launch date - According to the official Disney+ Twitter account, Marvel film "Avengers: Endgame," the highest-grossing film of all time, is coming to Disney+ on November 12 in the U.S., Canada, and Netherlands, and on November 19 in Australia and New Zealand. The date change makes "Endgame" a launch title for the service, the Verge noted. Reference Link
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NVDA | Hot Stocks13:05 EDT Nvidia posts 'fastest results' on new AI inference benchmarks - NVIDIA posted the fastest results on new benchmarks measuring the performance of AI inference workloads in data centers and at the edge - building on the company's equally strong position in recent benchmarks measuring AI training. The results of the industry's first independent suite of AI benchmarks for inference, called MLPerf Inference 0.5, demonstrate the performance of NVIDIA Turing GPUs for data centers and NVIDIA Xavier system-on-a-chip for edge computing.MLPerf's five inference benchmarks - applied across a range of form factors and four inferencing scenarios - cover such established AI applications as image classification, object detection and translation. NVIDIA topped all five benchmarks for both data center-focused scenarios, with Turing GPUs providing the highest performance per processor among commercially available entries1. Xavier provided the highest performance among commercially available edge and mobile SoCs under both edge-focused scenarios. "AI is at a tipping point as it moves swiftly from research to large-scale deployment for real applications," said Ian Buck, general manager and vice president of Accelerated Computing at NVIDIA. "AI inference is a tremendous computational challenge. Combining the industry's most advanced programmable accelerator, the CUDA-X suite of AI algorithms and our deep expertise in AI computing, NVIDIA can help data centers deploy their large and growing body of complex AI models."
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TSLA | Hot Stocks12:59 EDT Tesla's Musk says Cybertruck unveiling to be on November 21 - Tesla CEO Elon Musk tweeted that the company's "Cybertruck," the car maker's long-awaited electric pickup truck, will be unveiled on November 21 in Los Angeles, California, near the SpaceX rocket factory. Reference Link
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BLMN | Hot Stocks12:49 EDT Bloomin' Brands jumps as company explores strategic alternatives - Shares of Bloomin' Brands (BLMN) were trading sharply higher after the restaurant operator reported quarterly results and announced that it is exploring strategic alternatives. EARNINGS/GUIDANCE: Before the market open, Bloomin' Brands reported third quarter adjusted earnings per share of 10c on revenue of $967.1M, compared to consensus estimates of 10c and $965.7M, respectively. Comparable restaurant sales rose 0.2% at U.S. Outback Steakhouse and increased 11.2% for Outback Steakhouse in Brazil, the company said. Looking ahead, Bloomin' Brands reiterated its fiscal 2019 adjusted EPS view of $1.53-$1.61 and lowered its FY19 combined U.S. same-store sales guidance to roughly 1.5% from 2%-2.5%. Analysts expect the company to report FY19 EPS of $1.55. STRATEGIC ALTERNATIVES: Along with its report, Bloomin' Brands announced that it is exploring and evaluating strategic alternatives that "have the potential to maximize value for our shareholders, including but not limited to, a possible sale of the company." The company noted that its board of directors has retained BofA Securities as its financial advisor. "Over the past few years Bloomin' Brands has made significant progress towards its long term objectives to elevate the customer experience, capitalize on the emerging off-premises segment, expand the rapidly growing international business, and improve operating margins. These efforts have created significant market share gains and enhanced profitability," said David Deno, chief executive officer of Bloomin' Brands. "However, despite this continued progress, we believe the current stock price does not reflect the value of the company. That is why the time is right to explore strategic alternatives that have the potential to maximize value for our shareholders. Our Board of Directors is committed to fully evaluating appropriate strategic alternatives while simultaneously supporting the company's ongoing progress against our business plan." Bloomin' Brands added that it intends to proceed in a timely manner, but has not set a definitive timetable for completion of this process. WHAT'S NOTABLE: On August 30, Barry Rosenstein's Jana Partners disclosed a 9% stake in Bloomin' Brands, saying in a regulatory filing at the time that Jana intended to have discussions with the company's board of directors and management regarding a sale of the company, divestitures, capital allocation, operations and board composition. PRICE ACTION: In afternoon trading, Bloomin' Brands shares are 9.6% higher at $22.95.
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OCGN | Hot Stocks12:42 EDT Ocugen falls 7% after announcing warrant restructuring - Ocuge announced that it has entered into an amendment to each of the warrants issued pursuant to the Securities Purchase Agreement dated June 13, with certain Investors to restructure each of the warrants held by each such investor. The effect of the Amendment is primarily that the Series C warrant holders have agreed to cancel the right to receive 30M warrant shares for no consideration. Shankar Musunuri, Ph.D., MBA, Chairman, CEO and Co-Founder commented: "We believe that this warrant restructuring significantly benefits our current stockholders and further addresses the dilution that would have resulted from the previous agreement. We believe our shares are significantly undervalued and this decision reflects our continued commitment to increasing value for our stockholders. We also want to thank the investors that agreed to cancel a substantial portion of their security holdings through this Amendment." Shares of Ocugen are down 7% to approximately $1.35 per share in early afternoon trading.
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CARS | Hot Stocks12:11 EDT Cars.com's Q3 revenue beats estimates, FY19 guidance is maintained - Shares of Cars.com (CARS) moved higher in early afternoon trading after the company's revenue for the third quarter beat analysts' expectations and the company backed its guidance for fiscal 2019. Cars.com also said average monthly unique users were up 22% year-over-year. EARNINGS: On Wednesday before the market open, Cars.com reported Q3 adjusted earnings per share of 32c, compared to analysts' consensus estimates of 36c and the 55c per share it reported in the prior year. Revenue for the quarter of $152.1M exceeded the $149.91M consensus, but declined 10% year-over-year. A non-cash goodwill and intangible asset impairment charge of $431.3M, net of tax, triggered by a decline in share price following the completion of the strategic alternatives review, resulted in net loss of ($426.2M), or ($6.38) per share, the company said in a statement. Cars.com said average monthly unique users were 23.1M, an increase of 22% year-over-year, while traffic was up 27% year-over-year to 144.4M. GUIDANCE: "With the affiliate conversions complete, our traffic and solutions strategy ramping, the tech transformation progressing on schedule, and our continued focus on operational efficiencies, we remain on track to deliver our 2019 outlook," said Cars.com CEO Alex Vetter. The company still sees FY19 revenue declining between 6% and 9%, with adjusted EBITDA margin between 27% and 29%. Analysts currently expect the company's FY19 revenue to be $605.61M. EXECUTIVE APPOINTMENT: Cars.com said that it has appointed Dean Evans as executive VP. Evans has over 20 years of experience at major automotive brands with a focus on sales, and the company noted he served four years as CMO of Hyundai Motor America and three years as CMO of Subaru of America prior to joining Cars.com. ANALYST COMMENTARY: Following the earnings report, Barrington analyst Gary Prestopino upgraded Cars.com to Outperform from Market Perform with a $20 price target. Key Performance Indicators, including average monthly unique visitors, traffic visits, and mobile traffic, showed significant year-over-year improvement and pointed to continued market share gains, noted Prestopino. PRICE ACTION: Just after noon, shares of Cars.com are up more than 1.2% to $11.99.
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VAPO | Hot Stocks12:01 EDT Vapotherm falls -31.0% - Vapotherm is down -31.0%, or -$3.87 to $8.61.
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BXC | Hot Stocks12:01 EDT BlueLinx falls -36.8% - BlueLinx is down -36.8%, or -$11.41 to $19.59.
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PLT | Hot Stocks12:01 EDT Poly falls -37.6% - Poly is down -37.6%, or -$14.84 to $24.60.
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LC | Hot Stocks12:00 EDT LendingClub rises 15.5% - LendingClub is up 15.5%, or $2.05 to $15.25.
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AYR | Hot Stocks12:00 EDT Aircastle rises 16.5% - Aircastle is up 16.5%, or $4.55 to $32.14.
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VNTR | Hot Stocks12:00 EDT Venator Materials rises 24.9% - Venator Materials is up 24.9%, or 73c to $3.66.
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AAPL | Hot Stocks11:56 EDT Apple CEO says privacy 'built into everything we make' - Apple CEO Tim Cook just tweeted, "At Apple, privacy is built into everything we make. You decide what you share, how you share it, and who you share it with. Here's how we protect your data." Reference Link
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CNST | Hot Stocks11:40 EDT Constellation soars 110% after reporting new data from myelofibrosis trial - Constellation Pharmaceuticals announced earlier that abstracts with preliminary data from the Manifest clinical trial from 59 enrolled patients as of June 27, 2019, the data cutoff date, were published today in association with the Society of Hematology meeting. In Arm 3, which evaluates CPI-0610 for myelofibrosis in combination with ruxolitinib in a first-line setting in JAK-inhibitor-naive patients, all four evaluable patients experienced at least a 35% spleen volume reduction and at least a 50% reduction in total symptom score, which are the primary endpoints for these patients, the compamy said. In Arms 1 and 2, which are evaluating CPI-0610 in combination with ruxolitinib and as a monotherapy in a second-line setting in ruxolitinib-resistant or -intolerant patients, "additional preliminary data showed continuing signs of activity across a broad range of parameters, including spleen volume reduction, patient-reported symptom improvement, hemoglobin increases, conversion to transfusion independence in transfusion-dependent patients, and bone marrow fibrosis score improvement, consistent with preliminary data presented at ASCO and EHA in June," according to Constellation. The company noted that CPI-0610 was generally well-tolerated, both as a monotherapy or in combination with ruxolitinib. One ruxolitinib-resistant or -intolerant patient discontinued due to serious adverse event, which were reported as unlikely related to CPI-0610. No JAK-inhibitor-naive patients discontinued due to adverse events.
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AVTR | Hot Stocks11:35 EDT Avantor, NIBRT team to address buffer preparation efficiency when producing mAbs - Avantor and the National Institute of Bioprocessing Research and Training, NIBRT, announced they are teaming up to address downstream bottlenecks in buffer preparation when producing monoclonal antibodies, mAbs. As part of the joint effort, Avantor is providing in-line dilution systems for hands-on experience at NIBRT's prestigious training and research facility dedicated to supporting the global bioprocessing industry. Avantor's technology adds to NIBRT's full complement of bioprocessing capabilities. Dr. Ger Brophy, Executive Vice President, Biopharma Production for Avantor, said, "Demand for therapeutic biologics is increasing and this will require increased manufacturing productivity. At the same time, there is significant pressure on the biopharma industry to reduce overall costs while ensuring that safety and quality are not compromised. This has resulted in initiatives to improve efficiency and increase flexibility in bioprocessing facilities. Buffer management is a key process step which is prime for optimization."
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AZN | Hot Stocks11:34 EDT Antengene announces exclusive worldwide license from AstraZeneca for AZD0364 - Antengene Corporation, a China-and-U.S. based clinical-stage biopharmaceutical company focused on discovery and development of novel drugs for treatment of oncology, announced that it has entered into a licensing agreement with AstraZeneca, under which Antengene has been granted the exclusive global rights to further develop and commercialize AZD0364. AZD0364 is a potent and selective small molecule extracellular signal-regulated kinases 1 and 2 inhibitor with an open U.S. investigational new drug application. Any existing agreement regarding the licensing of AZD0364 has been nullified in advance of this agreement between Antengene and AstraZeneca. Jay Mei, Founder and CEO of Antengene, said, "We are delighted to have the opportunity to work with AstraZeneca. ERK/RAS/MAPK is a key pathway excessively activated in cancers. AZD0364 is a strategic fit to our pipeline and pre-clinical studies demonstrated promising synergistic effects of AZD0364 in combination with other pipeline assets of Antengene targeting critical pathways in cancer treatment. We look forward to a close collaboration with AstraZeneca to bring more novel therapies to patients with unmet medical needs."
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IFMK | Hot Stocks11:25 EDT iFresh terminates Xiaotai share exchange agreement, to explore other options - iFresh announced that its board of directors approved the termination of a share exchange agreement with Xiaotai International Investment due to an ongoing investigation of Xiaotai on alleged illegal fundraising from the public by the Hangzhou Police Department, Binjiang Branch. iFresh entered into the exchange agreement with Xiaotai on June 7, 2019. On November 5, 2019, after the iFresh's board of directors voted to terminate the exchange agreement, iFresh issued a written notice to Xiaotai International and Xiaotai shareholders to notify them the exchange agreement had been terminated, effective immediately. As a result of the termination of the exchange agreement, iFresh management will begin exploring other strategic alternatives, the company stated.
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PCG | Hot Stocks10:40 EDT PG&E trading resumes
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PCG | Hot Stocks10:37 EDT PG&E halts for volatility after dropping 18%, or $1.43, to $6.57
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PCG | Hot Stocks10:35 EDT PG&E trading halted, volatility trading pause
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XLRN | Hot Stocks10:13 EDT Acceleron announces updated results from Phase 3 luspatercept trial - Acceleron Pharma (XLRN) announced that data from six clinical abstracts on luspatercept will be presented at the American Society of Hematology Annual Meeting & Exposition in Orlando, Florida, on December 7-10, 2019. Luspatercept is being developed as part of a global collaboration between Acceleron and Celgene (CELG). Updated results from the Medalist Phase 3 trial show 47.1% of patients with anemia associated with myelodysplastic syndromes treated with luspatercept achieved red blood cell transfusion independence for greater than or equal to eight weeks and median total duration of clinical benefit was 83.6 weeks for patients responding to luspatercept as of a January 2019 data cutoff date, the company announced earlier. Further, in the Believe Phase 3 trial, beta-thalassemia patients who were luspatercept responders had durable clinical benefit over the 64.1-week follow-up period, it added. Interim results from the ongoing Phase 2 trial of luspatercept in patients with anemia associated with myelofibrosis suggest "clinically meaningful activity," with 32% to 53% of transfusion-dependent patients achieving responses when treated in combination with ruxolitinib, according to Acceleron.
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XLRN | Hot Stocks10:10 EDT Acceleron sees pulmonary, neuromuscular disease data in Q1 of 2020 - The company said, "While our hematology program continues to grow, we are also advancing our two Acceleron-led clinical programs in pulmonary and neuromuscular disease. We anticipate reporting results in the first quarter of 2020 for both our PULSAR Phase 2 sotatercept trial in patients with PAH, and our ACE-083 trial in patients with CMT."
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STT FDS | Hot Stocks10:06 EDT State Street, FactSet announce strategic partnership to distribute MediaStats - State Street Corporation (STT) and FactSet (FDS) announced a strategic partnership to distribute the State Street MediaStats Equity Indicators on the Open:FactSet Marketplace. The State Street MediaStats indicators have been developed in partnership with MKT MediaStats LLC, an academic research firm founded by Professor Ronnie Sadka of Boston College, Professor Emeritus Ken Froot of Harvard Business School, and Gideon Ozik, PhD. State Street MediaStats scours more than 100,000 media sources as well as other big data sources to estimate future price changes and risks pertaining to individual equities, country equity indexes, and foreign exchange rates. The indicators use natural language processing and machine learning algorithms to account for biases and helps filter out noise in the media based on an extensive body of founding partners' research. Media-derived insights are aggregated to understand broader industry and macroeconomic trends that help users leverage accurate, valuable and predictive insights for investment decisions.
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ARCO MCD | Hot Stocks10:04 EDT Arcos Dorados furthers transition to serving cage free eggs in Brazil - Arcos Dorados (ARCO) announces that has begun purchasing eggs from cage-free hens in Brazil. This is further affirmation of the brand's global commitment to animal welfare while positioning the Brazilian market as Latin America's bellwether in achieving the Company's goal to fully transition to cage-free eggs by 2025, aligned with the McDonald's (MCD) system's 2030 global goals of minimizing the environmental impact of restaurant operations and building a more sustainable supply chain. The initial phase of this transition focuses on the Company's Parana distribution center which supplies the Chain's southern Brazil restaurants. The plan is a subsequent phased extension of supply throughout Brazil and the rest of the countries served by Arcos Dorados.
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CNST | Hot Stocks09:50 EDT Constellation Pharmaceuticals Inc trading resumes
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NUS | Hot Stocks09:47 EDT Nu Skin falls -14.2% - Nu Skin is down -14.2%, or -$6.59 to $39.76.
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ATUS | Hot Stocks09:47 EDT Altice USA falls -16.7% - Altice USA is down -16.7%, or -$5.22 to $26.13.
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PLT | Hot Stocks09:47 EDT Poly falls -30.5% - Poly is down -30.5%, or -$12.01 to $27.43.
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VNTR | Hot Stocks09:47 EDT Venator Materials rises 14.3% - Venator Materials is up 14.3%, or 42c to $3.35.
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AYR | Hot Stocks09:47 EDT Aircastle rises 16.3% - Aircastle is up 16.3%, or $4.51 to $32.10.
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ARA | Hot Stocks09:47 EDT American Renal Associates rises 17.0% - American Renal Associates is up 17.0%, or $1.48 to $10.21.
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CNST | Hot Stocks09:45 EDT Constellation Pharmaceuticals Inc trading halted, volatility trading pause
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AZN | Hot Stocks09:34 EDT AstraZeneca says Calquence Phase 3 data show improved PFS in CLL patients - AstraZeneca will present the first data from the Phase 3 ELEVATE-TN trial assessing Calquence, a next-generation selective Bruton's tyrosine kinase inhibitor, in patients with previously untreated chronic lymphocytic leukaemia, or CLL, as well as data from novel-combination trials across multiple blood cancers at the 2019 American Society of Hematology Annual Meeting and Exposition in Orlando, USA, December 7-10, the company announced. Dave Fredrickson, Executive Vice President, Oncology Business Unit said: "AstraZeneca continues to demonstrate its strength in haematology, presenting new research at ASH that spans targeted therapies across eight blood cancers. This year we are especially excited to present the ELEVATE-TN data demonstrating the impressive efficacy and tolerability of Calquence in 1st-line chronic lymphocytic leukaemia." Full data from the ELEVATE-TN trial will be presented at ASH by the primary investigators. AstraZeneca has submitted Calquence for US regulatory review in 1st-line and relapsed/refractory CLL.
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SLS | Hot Stocks09:33 EDT Sellas Life Sciences announces 1-for-50 reverse stock split - SELLAS Life Sciences Group announced that it filed a certificate of amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-50 reverse stock split of its common stock. The shares underlying the Company's outstanding options and warrants will also be adjusted accordingly. The reverse split will take effect at 5:00 pm Eastern Time on November 7, 2019 and the Company's common stock will open for trading on The Nasdaq Capital Market on November 8, 2019 on a post-split basis. At the Company's Special Meeting of Stockholders held on September 10, 2019, SELLAS' stockholders approved a reverse stock split within a range of 1-for 20 and 1-for-60. The specific ratio of 1-for-50 was approved by the Company's Board of Directors. The reverse stock split is intended to increase the per share trading price of the Company's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. As a result of the reverse stock split, every 50 shares of the Company's common stock issued and outstanding prior to the opening of trading on November 8, 2019 will be consolidated into one issued and outstanding share, with no change in the nominal par value per share of $0.0001. No fractional shares are being issued in connection with the reverse stock split. Stockholders who would otherwise be entitled to receive a fractional share in connection with the reverse stock split will receive a cash payment in lieu thereof. Trading of the Company's common stock on The Nasdaq Capital Market will continue, on a split-adjusted basis, with the opening of the markets on Friday, November 8, 2019, under the existing ticker symbol "SLS" but with a new CUSIP number 81642T 209. The reverse stock split reduces the number of shares of the Company's common stock outstanding from approximately 228 million pre-reverse split shares to approximately 4.6 million post-reverse split shares. The Company has retained its transfer agent, Computershare Trust Company, N.A., to act as its exchange agent for the reverse split. Computershare will provide stockholders and warrant holders of record as of the effective date of the reverse stock split instructions for the exchange of their certificates and/or warrants. Stockholders owning shares and/or warrants via a broker or other nominee will have their positions automatically adjusted to reflect the reverse stock split, subject to brokers' particular processes, and will not be required to take any action in connection with the reverse stock split.
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ATRA | Hot Stocks09:29 EDT Atara Biotherapeutics to present Tab-cel long-term clinical outcomes - Atara Biotherapeutics announced that it will present long-term tab-cel clinical outcomes from a multicenter Expanded Access Protocol study for patients with Epstein-Barr virus-associated post-transplant lymphoproliferative disease. These results, along with findings described in three additional abstracts, will be presented at the 61st American Society of Hematology Annual Meeting & Exposition, to be held December 7-10, 2019, in Orlando, Florida. Twenty-six EBV+ PTLD patients who failed prior rituximab treatment regimens were enrolled in a tab-cel EAP study as of June 2018, after which EAP-201 was amended to focus on expanded access for patients with EBV+ PTLD and other EBV+ diseases who are not eligible for Atara's ongoing tab-cel Phase 3 studies. The findings presented here are as of June 3, 2019. Consistent with prior studies, no tab-cel related adverse events leading to discontinuation or death occurred. A subgroup of 22 EAP-201 EBV+ PTLD patients with adequate ECOG performance status, no CNS disease and no PTLD-related ventilatory support, would have likely met the eligibility criteria for Atara's ongoing tab-cel Phase 3 studies. The overall response rate for patients in this EAP-201 subgroup with EBV+ PTLD following HCT and SOT was 55 and 82 percent with an estimated two-year overall survival of 79 and 81 percent, respectively. For all EBV+ PTLD patients enrolled in EAP-201, the ORR was 50 and 83 percent for HCT and SOT, respectively. Atara will also present additional findings describing the hospitalization burden of patients with EBV+ PTLD following SOT who failed first-line rituximab or rituximab plus chemotherapy. In addition, Atara's Moffitt Cancer Center collaborators will present two abstracts detailing next-generation CAR T technologies, licensed exclusively to Atara, and designed to enhance persistence while reducing susceptibility to exhaustion and suppressive immune microenvironments.
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MOXC | Hot Stocks09:27 EDT Moxian signs letter of intent with Beijing Bi Er Culture Communication - Moxian announced the signing of a Letter of Intent with Beijing Bi Er Culture Communication Co. Ltd., pursuant to which, Moxian may, upon a satisfactory completion of due diligence and an audit of past financial statements, enter into a definitive agreement to acquire a controlling stake of Bi Er, the terms of which have yet to be finalised and which will be subject to approval by the shareholders of the Company in a general meeting. Bi Er is a limited company incorporated under the laws of the Peoples' Republic of China in June 2013 and is involved in the industry of mobile gaming, e-sports, animation and comics. It has successfully organized many e-sports competitions in various cities in China with strong support from the local governments and is generally regarded as a leading player in the e-sports industry in the country.
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CRL | Hot Stocks09:26 EDT Charles River says early-stage portfolio remained strong through the year - Says promises to be another solid year for the biopharmaceutical industry. Says no indication that client relationships, or their spending levels, have been affected by geopolitical rhetoric involving the trade war and drug pricing. Says biotech clients continued to drive revenue growth. Says discovery services had an excellent quarter. Says integration of Citoxlab remains on track and financial performance is in line with acquisition plan. Says intends to make strategic acquisitions, which is the preferred use of capital. Comments taken from Q3 earnings conference call.
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AYR | Hot Stocks09:26 EDT Aircastle raises quarterly dividend 6.7% to 32c from 30c per share - Payable on December 13 to shareholders of record on November 29.
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GBT | Hot Stocks09:25 EDT Global Blood Therapeutics announces data presentations at ASH annual meeting - Global Blood Therapeutics announced that eight abstracts related to its sickle cell disease research programs, including multiple abstracts related to the safety and efficacy of voxelotor, have been accepted for presentation during the 61st American Society of Hematology Annual Meeting & Exposition, taking place December 7-10 at the Orange County Convention Center in Orlando, Florida. The three post-hoc analyses of the Phase 3 HOPE Study provide greater insight into the safety and efficacy of voxelotor for targeting anemia and hemolysis: An analysis of the association between absolute hemoglobin achieved with voxelotor treatment and the incidence of vaso-occlusive crises showed that patients with hemoglobin values of greater than or equal to10 g/dL and greater than or equal to12 g/dL had the lowest observed rates of VOC. This inverse relationship suggests that voxelotor treatment can safely raise hemoglobin without causing a viscosity-related increased risk of VOC. The analysis also examined VOC rates within 28 days of treatment discontinuation and found no evidence of an increased risk of VOC with voxelotor withdrawal compared with placebo. An analysis of the association between hemoglobin response and markers of hemolysis in voxelotor-treated patients found that those who achieved an increase in hemoglobin of greater than1 g/dL had the greatest reductions in markers of hemolysis. Additionally, patients with an increase in hemoglobin of greater than1 g/dL who received voxelotor 1500 mg had greater reductions in hemolysis than those who received voxelotor 900 mg, suggesting that exposure to a higher dose of voxelotor results in overall better efficacy in treating anemia and hemolysis. An analysis of the effects of concomitant hydroxyurea use in the voxelotor treatment arms showed that hemoglobin increases for study participants on stable-dose hydroxyurea were equivalent to those observed in participants not taking hydroxyurea. The lack of observed changes in two red blood cell parameters, mean corpuscular volume and absolute neutrophil count, were consistent with stable hydroxyurea exposure throughout the treatment period, which provides reassurance that changes in voxelotor efficacy parameters were not confounded by changes in compliance with hydroxyurea. In addition, a study quantifying the impact of raising hemoglobin on transcranial Doppler flow velocity levels in a real-world setting provides increased confidence in the probability of success of GBT's planned post-approval confirmatory study of voxelotor. The study analyzed data from children with SCD receiving treatment with hydroxyurea who participated in the Sickle Cell Clinical Research and Intervention Program, a longitudinal lifetime cohort study. Over an observation period of up to four years, results showed that a therapeutic rise in hemoglobin was significantly associated with a reduction in TCD levels. Specifically, a 1 g/dL increase in hemoglobin was associated with a 14 cm/sec reduction in TCD level. Additional abstracts accepted for presentation at ASH 2019 highlight: Voxelotor administered to pediatric patients at the targeted therapeutic dose improved red blood cell functionality; A voxelotor analog with comparable effects on hemoglobin oxygen affinity showed reduced brain hypoxic injury in an SCD mouse model; An association between low hemoglobin and renal disease based on data from the Globin Research Network for Data and Discovery sickle cell registry; and The economic burden of end organ damage among patients with SCD in the United States.
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ORTX | Hot Stocks09:23 EDT Orchard Therapeutics to present registrational data on gene therapies - Orchard Therapeutics announced the upcoming presentation of registrational data from multiple programs at the 61st American Society of Hematology Annual Meeting in Orlando, FL. Investigators will describe ongoing clinical progress for two lead development programs in the company's primary immune deficiencies portfolio: OTL-103, an investigational gene therapy in development for the treatment of Wiskott-Aldrich syndrome at the San Raffaele-Telethon Institute for Gene Therapy in Milan, Italy; and OTL-101, an investigational gene therapy in development for the treatment of adenosine deaminase severe combined immunodeficiency. In addition, investigators will deliver an oral presentation featuring updated data from the ongoing proof-of-concept study of OTL-203, an investigational gene therapy in development for the treatment of mucopolysaccharidosis type I at SR-Tiget. Lentiviral Hematopoietic Stem and Progenitor Cell Gene Therapy for Wiskott-Aldrich Syndrome: This presentation includes results from an integrated analysis of 17 patients treated with OTL-103 for the treatment of WAS, including the complete data set for the eight patients from the registrational study and nine who received OTL-103 as part of an expanded access program. Participants have been followed for a median of three years. In the eight-patient registrational trial, investigators reported that the study achieved its key primary and secondary endpoints at three years, including the elimination of severe bleeding episodes and a significant reduction in the frequency of moderate bleeding episodes. Successful engraftment was observed within three months, leading to an increase in WAS protein expression and a vector copy number that has been maintained for up to eight years. Nine months post-administration, all patients stopped receiving platelet transfusions, and no severe bleeding events were reported. A significant reduction in the rate of severe infections was also observed and all patients were able to stop immunoglobin replacement therapy, suggesting a complete reconstitution of immune function with durability of effect of up to eight years of follow-up post-gene therapy. Similar clinical results were seen in the integrated analysis of 17 patients and overall survival was 94%. One death occurred among the EAP cohort that was considered by the investigator to be unrelated to OTL-103. Across the original and integrated data sets, there were no adverse events considered to be related to OTL-103, including no evidence of oncogenesis, replication competent lentivirus or abnormal clonal proliferation. Clinical benefit was also attained in patients older than five years of age, a group considered at higher risk when treated with allogeneic hematopoietic stem cell transplantation. Lentiviral Gene Therapy with Autologous Hematopoietic Stem and Progenitor Cells for the Treatment of Severe Combined Immune Deficiency Due to Adenosine Deaminase Deficiency: This presentation details the safety and efficacy of OTL-101 in 30 individuals with ADA-SCID, treated with either fresh or cryopreserved formulations. Patients were followed for a median of 24 months, and results were compared with a historical cohort of 26 ADA-SCID patients treated with allogeneic hematopoietic stem cell transplantation, including HSCT both with, and without, a matched related donor. Results showed engraftment of genetically modified hematopoietic stem cells in 29 of 30 OTL-101 patients by six to eight months, which persisted through follow-up in both studies. Analysis of both the vector copy number in granulocytes and T-cell reconstitution showed consistent performance across the fresh and cryopreserved-treated patients. In the OTL-101 treated patients, overall survival was 30/30 and event-free survival was 29/30. One of the 30 patients restarted treatment with enzyme replacement therapy and subsequently withdrew from the study and received a rescue HSCT. In the historical control population, 42% of HSCT patients required re-initiation of ERT, rescue HSCT or other intervention, or died. As expected, there was no incidence of graft versus host disease in the OTL-101 group, compared with eight patients who received HSCT. Eighteen of 20 patients in the fresh formulation study stopped immunoglobin replacement therapy after two years, compared to 52% of HSCT patients. Of the seven patients treated with the cryopreserved formulation with 18 months of follow-up, five had discontinued IgRT, which is comparable to the 18-month data for patients treated with the fresh formulation.
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ATNM | Hot Stocks09:19 EDT Actinium Pharma's Actimab-A CLAG-M combination shows 83% remission in AML - Actinium Pharmaceuticals announced that interim results from a Phase 1 trial studying Actimab-A in combination with CLAG-M have been accepted for presentation at the 2019 American Society of Hematology annual meeting that is being held December 7-10 in Orlando, FL. This is the first study to combine radioimmunotherapy and intensive chemotherapy in patients with relapsed or refractory AML. Actimab-A is an antibody radiation-conjugate comprised of the CD33 targeting antibody lintuzumab labeled with the alpha-emitting radioisotope actinium-225. The ASH abstract reports on 9 adult patients with relapsed or refractory AML enrolled on the investigator-initiated trial. 83% of patients receiving 0.50 uCi/kg of Actimab-A and CLAG-M in the second dosing cohort achieved a Complete Remission, Complete Response with incomplete platelet recovery or Complete Response with incomplete hematologic recovery. Combining lower doses of Actimab-A with CLAG-M appears to have a clinically acceptable safety profile. All patients completed the planned cycle of Actimab-A and CLAG-M. No mortalities were observed on study.
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VCEL | Hot Stocks09:19 EDT Vericel appoints Sean Flynn as general counsel - Vericel Corporation announced the appointment of Sean C. Flynn as Vice President and General Counsel. Prior to joining Vericel, Mr. Flynn held the position of Vice President and General Counsel of Verastem.
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CNST | Hot Stocks09:17 EDT Constellation expects cash, cash equivalents to fund requirements into 1H21 - Constellation expects that its cash, cash equivalents, and marketable securities as of September 30, 2019, plus the $65 million of proceeds from a private placement completed on October 3, 2019, will enable the Company to fund planned operating expenses and capital expenditure requirements into the first half of 2021
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UVE | Hot Stocks09:17 EDT Universal Insurance announces new $40M share repurchase program - Universal Insurance announced that its board has authorized a new share repurchase program under which the company may repurchase up to $40M of its outstanding shares of common stock through December 31, 2021. This new authorization follows the existing $40M share repurchase program that is expected to be completed in Q4.
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CNST | Hot Stocks09:16 EDT Constellation Pharmaceuticals reports Q3 EPS (82c), consensus (83c) - "Our clinical programs continued to advance during the third quarter," said Jigar Raythatha, president and chief executive officer of Constellation Pharmaceuticals. "We are particularly pleased with new MANIFEST data on CPI-0610 in myelofibrosis published today in abstracts by the American Society of Hematology. The data in the abstracts show signs of encouraging clinical activity in both JAK-inhibitor-naive patients and ruxolitinib-refractory or -intolerant patients. Based on this activity, we have expanded the MANIFEST trial in first-line patients and in second-line transfusion-dependent patients to look more closely at these signals of activity. We plan to provide a further update on CPI-0610 in oral and poster presentations and at an investor event at the ASH meeting on December 9. Additionally, we have begun planning for a randomized Phase 3 clinical trial for CPI-0610 in JAK-inhibitor-naive patients that we expect to begin in 2020."
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UPS | Hot Stocks09:15 EDT UPS announces UPS Simple Rate - UPS announced UPS Simple Rate, a predictable flat rate shipping option designed to help small and medium-sized businesses streamline and simplify their outbound processes. UPS Simple Rate enables SMBs to ship by UPS 2nd Day Air, UPS 3 Day Select and UPS Ground services to anywhere in the U.S. for a flat rate. It offers larger size options than what is in the marketplace today and customers do not need to enter package weight and dimensions or look up shipping zones when using UPS Simple Rate. SMBs can accurately predict their shipping costs and bill their customers without incurring unexpected fees.
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ODC | Hot Stocks09:13 EDT Oil-Dri Corporation of America opens second research facility - Oil-Dri Corporation of America announces the opening of an additional research facility to support its expansion into Life Sciences research. The Richard M. Jaffee Center for Applied Microbiology is located within walking distance from the company's Nick Jaffee Center for Innovation in Vernon Hills, Illinois. The proximity will allow for continued collaboration between Oil-Dri's Materials Sciences and Life Sciences teams. A showcase for both research and customer education, the 6,000 square foot facility houses Oil-Dri's Life Sciences team and a state-of-the-art Biosafety Level-1 and 2 laboratory space. The company will also utilize the Richard M. Jaffee Center for Applied Microbiology for developing intestinal health solutions to managing disease in livestock and odor control in the cat litter box.
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KR TRUE | Hot Stocks09:12 EDT Kroger, TrueCar partner for Auto Buying Program - The Kroger Co. (KR) is partnering with TrueCar (TRUE) to power its new Auto Buying Program. The new Kroger Auto Buying Program powered by TrueCar provides comprehensive price context as well as upfront guaranteed savings off the manufacturer's suggested retail price on new vehicles, and discounts on used vehicles. Kroger customers will have access to more than 16,500 TrueCar Certified Dealers. They will be able to see what others in their area paid for the new car they want based on recent vehicle transactions, and will be able to access machine-learning powered price ratings on used vehicle listings. These data and tools will empower Kroger customers to assess price competitiveness on their next vehicle purchase. This program will be open to Kroger customers who shop at stores within Kroger, Dillons, King Soopers, Fred Meyers, QFC - Quality Food Centers, Ralphs and Smith's. As an additional benefit, customers who purchase a vehicle through the Kroger Auto Buying Program will be rewarded with a free Fuel VIP membership. This will allow shoppers to earn 1 extra fuel point for nearly every 1 dollar spent, doubling the money that they can save at the pump.
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GIGA | Hot Stocks09:09 EDT Giga-tronics to effect one-for-fifteen reverse stock split - The Company announced that it will effect a one-for-fifteen reverse split of its issued and outstanding common stock. The Company's shareholders previously approved a reverse stock split in the range of one-for-ten shares of common stock to one-for-twenty shares of common stock, giving the Company's board of directors the authority to determine the final ratio of the stock split within this range. The reverse stock split will impact all holders of the Company's common stock uniformly and will not impact any shareholder's percentage ownership interest in the Company; however, no fractional shares will be issued in connection with the reverse stock split, and cash will be paid in lieu of any fractional shares. Furthermore, the reverse stock split will not affect any shareholder's proportionate voting power, subject to the treatment of fractional shares. The Company will announce the effective date of the reverse split, which will occur following the completion of the public offering, by separate press release and subject to applicable notice requirements. The share and pricing amounts in this press release do not reflect the impact of the reverse split.
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STNL | Hot Stocks09:08 EDT Sentinel Energy announces cancellation of stockholder meeting - Sentinel Energy Services announced that its board of directors has determined to cancel its special meeting of stockholders that was scheduled for November 6, 2019 and to redeem all of its outstanding shares of Class A common stock, effective as of the close of business on November 7, 2019, because the Company will not consummate an initial business combination within the time period required by its certificate of incorporation. Pursuant to the Charter, if the Company does not consummate an initial business combination by November 7, 2019, the Company will: cease all operations except for the purpose of winding up, as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account and not previously released to the Company to pay its taxes , divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders' rights as stockholders subject to applicable law, and as promptly as reasonably possible following such redemption, subject to the approval of the Company's remaining stockholders and the board of directors, dissolve and liquidate, subject in each case to the Company's obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. Net of taxes and dissolution expenses, the per-share redemption price for the public shares is expected to be approximately $10.29. The Company anticipates that the public shares will cease trading as of the open of business on November 8, 2019 in order to allow time for the settlement of trades. As of the close of business on November 7, 2019, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount.
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CLGX MGI | Hot Stocks09:07 EDT CoreLogic announces Francis Henry as chief legal officer - CoreLogic announced that Francis Henry has joined the company as chief legal officer, or CLO. In this role, Henry will oversee all global legal and compliance functions for CoreLogic and serve on the company's executive committee. Henry joins CoreLogic from MoneyGram, where he served as executive VP, general counsel and corporate secretary for the past seven years.
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IFMK | Hot Stocks09:06 EDT iFresh announces termination of share exchange agreement - iFresh announced that its board of directors approved the termination of a Share Exchange Agreement with Xiaotai International Investment due to an ongoing investigation of Xiaotai on illegal fundraising from the public by the Hangzhou Police Department, Binjiang Branch. iFresh entered into the Exchange Agreement with Xiaotai on June 7, 2019. On November 5, 2019, iFresh issued a written notice to Xiaotai International and Xiaotai Shareholders to terminate the Exchange Agreement, effective immediately. As a result of the termination of the Exchange Agreement, iFresh management will begin exploring other strategic alternatives.
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TGT | Hot Stocks09:05 EDT Target launches HoliDeals season discounts - Target introduced HoliDeals, featuring deals throughout the season on items like decor, electronics, toys and more. HoliDeals begins this week with the reveal of the retailer's Black Friday ad and a two-day Black Friday Preview Sale featuring four times the number of deals compared to last year. Target also is expanding early access to Black Friday deals to include members of its new loyalty program, Target Circle, in addition to RedCard holders.
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TU ADT | Hot Stocks09:04 EDT Telus completes acquisition of ADT Security Services Canada - TELUS (TU) announced that it has completed the acquisition of ADT Security Services Canada (ADT). ADT Canada is one of Canada's leading providers of security and automation solutions serving residential and business customers, with more than 500,000 customers and over 1,000 team members across the country. TELUS SmartHome Security provides customers with peace of mind with 24/7 real-time monitoring for fires, floods, carbon monoxide leaks and break-ins, and the ability to easily manage their home directly from the TELUS SmartHome Security app. Now that the transaction has closed, TELUS and ADT Canada will work together over the coming months to integrate the businesses. During this transition period, ADT Canada customers will continue to receive and access services from ADT Canada as they always have. In the near future, ADT Canada customers will receive information from TELUS about new opportunities to save on their security services, including valuable offers, in addition to details regarding potential upgrades and innovative new features.
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HPQ... | Hot Stocks09:04 EDT Fly Intel: Pre-market Movers - HIGHER: HP Inc. (HPQ), up 8% after the Wall Street Journal reported Xerox (XRX) is considering making a cash-and-stock takeover offer for the company... Aircastle (AYR), up 16% after announcing that it has agreed to be acquired by a newly-formed entity controlled by affiliates of Marubeni and Mizuho Leasing. Under the terms of the merger agreement, shareholders will receive $32.00 in cash for each common share of Aircastle, representing a total valuation of approximately $2.4B, or approximately $7.4B including debt obligations to be assumed or refinanced net of cash. UP AFTER EARNINGS: CVS Health (CVS), up 3%... Humana (HUM), up 3%... Wendy's (WEN), up 4%... CyberArk (CYBR), up 11%. DOWN AFTER EARNINGS: Lumber Liquidators (LL), down 8%... Scotts Miracle-Gro (SMG), down 3%... Poly (PLT), down 29%... Match Group (MTCH), down 13%. ALSO LOWER: Uber (UBER), down 6% as the lock-up related to its IPO expires... Supernus (SUPN), down 25% after its Phase 3 P301 trial of SPN-810 for the treatment of IA in ADHD patients six to 11 years old did not meet its primary endpoint.
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DDD | Hot Stocks09:03 EDT 3D Systems says NextDent Denture 3D+ receives FDA 510(k) clearance - 3D Systems announced that its new biocompatible denture material, NextDent Denture 3D+, has received 510(k) clearance from the U.S. FDA. The combination of this new dental 3D printing material, NextDent 5100 dental 3D printer, and industry-leading intra-oral scanning and dental software solutions yields an end-to-end digital dentistry solution. As a result, customers can expect more precise, predictable results than through analog techniques - enabling more efficient, cost-effective creation of dentures for patients.
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AJG | Hot Stocks09:03 EDT Arthur J. Gallagher acquires BonusDrive - Arthur J. Gallagher acquired The EHE Group, dba BonusDrive. Terms of the transaction were not disclosed. With offices in Austin, Texas and Auburn Hills, Michigan, BonusDrive offers a national automobile voluntary benefit program to channel partners such as employers, associations and insurance companies for their employees, members and policyholders. Consumers receive cash bonuses for purchasing or leasing qualifying new vehicles from participating auto manufacturers. Jim Evans, Tim Easterwood and their associates will continue to operate from their current locations under the direction of John Neumaier, head of Gallagher's Northeast region employee benefits consulting and brokerage operations.
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CWST | Hot Stocks09:01 EDT Casella Waste announces remarketing of $25M of revenue bonds - Casella Waste Systems announced that it has commenced the remarketing of the $25.0 million aggregate principal amount of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds Series 2014 that were issued on December 18, 2014. The Bonds have a final maturity of December 1, 2044. Pursuant to the indenture under which the Bonds were offered , the interest rate period under which the Bonds were previously issued is expiring on December 2, 2019, and accordingly, Casella expects that the Bonds will be remarketed at a new interest rate for a new interest rate period commencing on December 2, 2019. The Bonds have been guaranteed by substantially all of Casella's subsidiaries, as required pursuant to the terms of the loan agreement pursuant to which the Issuer loaned the proceeds of the Bonds to Casella. The Bonds are not a general obligation of the Issuer and do not constitute an indebtedness of or a charge against the general credit of the Issuer. The Bonds are not a debt of the State of New York and are payable solely from amounts received from Casella under the terms of the Indenture. Casella intends to issue a notice of mandatory tender for the Bonds with respect to the expiring interest rate period on or about November 8, 2019. The remarketing is expected to become effective on December 2, 2019.
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CWT | Hot Stocks08:59 EDT Washington Water Service to acquire Rainier View Water, terms not disclosed - Washington Water Service, a subsidiary of California Water Service Group, announced that it has entered into an agreement with Rainier View Water Company to acquire its water system assets and to provide water utility service to its 18,000 service connections, subject to certain closing conditions including completion of diligence and Washington Utilities and Transportation Commission approval. Rainier View Water owns and operates 27 water systems that serve about 35,000 people in parts of Graham, Spanaway, Puyallup, Gig Harbor, and other nearby areas. Washington Water plans to retain Rainier View Water's current employees and continue to provide its customers with a reliable supply of safe, high-quality water.
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ADT TU | Hot Stocks08:58 EDT ADT Inc. completes sale of Canadian operations to Telus - ADT Inc. (ADT) announced that it has completed the sale of ADT Security Services Canada to TELUS Corporation (TU). The transaction comprises all of ADT Canada's operations and assets. As previously announced by the Company, a one-time special dividend of $0.70 per share remains planned. The Company expects to provide an update on the Special Dividend with its third quarter 2019 earnings release on November 12, 2019. The Special Dividend was conditioned upon the closing of the ADT Canada sale transaction, which is now completed, and remains subject to further corporate action.
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CNHI | Hot Stocks08:56 EDT CNH Industrial announces departure of CTO Alan Berger - CNH Industrial announces the following two leadership changes: Carl Gustaf Goransson is stepping down as President Construction, and will be replaced by Stefano Pampalone. Mr. Pampalone has over 20 years' career experience in CNH Industrial. He retains his current role as General Manager High Growth Markets Asia, Middle East and Africa, and continues to serve on the Global Executive Committee. Alan Berger, Chief Technology Officer, CNH Industrial, has elected to leave the Company, and will be replaced by Jayanthi Iyengar. She joins CNH Industrial as the Chief Technology Officer, with a wealth of experience in relevant technology fields, most recently at Xylem Inc., where she served as Senior Vice President, Chief Innovation and Technology Officer.
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FCEL OESX | Hot Stocks08:54 EDT FuelCell announces $200M strategic corporate loan facility with Orion Energy - FuelCell Energy (FCEL) announced a new, 8-year $200 million strategic corporate loan facility with Orion Energy Partners (OESX). The Company is planning to leverage the initial October/November 2019 draws totaling $80 million to primarily support execution of certain projects within the Company's $2 billion project backlog. The balance of the Facility, or $120 million, will be available over the first 18 months to invest in strategic growth, providing working capital as needed. Specifically, $80 million of the Facility will be deployed toward: Current construction and engineering costs associated with inflight projects, specifically Tulare BioMAT, Bolthouse Farms and the CMEEC U.S. Navy Base fuel cell plant; Future growth, including commencing the construction of the first of three FuelCell projects with LIPA; Increasing FuelCell Energy's unrestricted cash balance through the monetization of the Company's project portfolio and repayment of all short-term outstanding construction loan facilities; Funding outstanding dividends for Series B Preferred shareholders. The second tranche and remaining $120 million in financing is subject to the conditions contained in the agreement. In connection with the Facility, the Company has granted Orion Energy Partners warrants to purchase up to 20 million shares of the Company's common stock. 8 million shares of these shares are valued at the October 30th, 2019 closing price, while the balance, or 12 million shares are valued at a premium to the October 30th closing price.
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KMI | Hot Stocks08:52 EDT Southcross receives court approval for asset sales - Southcross Energy Partners announced that: The United States Bankruptcy Court for the District of Delaware on October 22, 2019 approved the asset purchase agreements with Kinder Morgan Tejas Pipeline LLC for Southcross Energy's natural gas pipeline network in Corpus Christi, Texas, for $76 million and Magnolia Infrastructure Holdings LLC for pipelines and related assets that Southcross Energy owns in Mississippi and Alabama for $31.5 million and are expected to close in November and before year-end respectively; and Following the completion of the asset sales, Southcross will reorganize and focus growing its substantial Texas gathering and processing operations. These operations include the Company's Lancaster and Valley Wells facilities and the Lone Star, Woodsboro and Bonnie View plants. Additionally, Southcross recently acquired from Southcross Holdings LP, the Lancaster Gathering and Treating System which included a sour gas gathering and treating system serving producer customers in Frio, La Salle, Zavala, Dimmit, Atascosa, and McMullen counties in South Texas, more than 650 miles of sweet and sour gas gathering pipeline with treating capacity of 90 MMcf/day, an acid gas injection well with 200 MMcf/day of capacity and 800 HP of associated compression, and three segments of 12" pipeline crossing Bee and Refugio counties in South Texas. Until the transactions close, Southcross will continue operating as it has throughout the court-supervised process. A Court hearing on the Company's Disclosure Statement is scheduled for November 6, 2019 and a confirmation hearing has been scheduled for December 9, 2019.
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ARNA | Hot Stocks08:50 EDT Arena Pharmaceuticals' etrasimod shows favorable PK properties in study - Arena Pharmaceuticals presented new data evaluating the human mass balance, metabolic disposition, and pharmacokinetics of etrasimod in healthy adult male volunteers. Etrasimod is an investigational next-generation sphingosine 1-phosphate receptor modulator. The results were presented at the American Association of Pharmaceutical Scientists 2019 PHARMSCI 360 Meeting in San Antonio, Texas. "Results from this human mass balance study confirm that etrasimod is slowly and extensively metabolized via multiple metabolic pathways and demonstrate no exposure from any major metabolites. Additionally, multiple metabolic pathways for etrasimod significantly reduces the likelihood of any unwanted potential drug-drug interactions," said Preston Klassen, Executive VP and Head of Research & Development at Arena. "These highly favorable PK properties of etrasimod support the best-in-disease safety demonstrated in the Phase 2 OASIS study results. We look forward to the continued development of this potential new oral treatment option in the ongoing and planned late-stage programs in IBD, and the ongoing Phase 2 program in atopic dermatitis." Etrasimod is an investigational compound that is not approved for any use in any country.
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GKOS AVDR | Hot Stocks08:49 EDT Avedro suspends FY19 financial guidance - Due to the pending proposed transaction with Glaukos (GKOS), Avedro management has suspended financial guidance for 2019 and will not hold a conference call to discuss these third quarter 2019 results.
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AGLE | Hot Stocks08:47 EDT Aeglea BioTherapeutics expects capital to fund operations through 1Q21 - As of September 30, 2019, Aeglea had available cash, cash equivalents, marketable securities and restricted cash of $90.2 million. Based on Aeglea's current operating plan, management believes it has sufficient capital resources to fund anticipated operations through the first quarter of 2021.
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GURE | Hot Stocks08:42 EDT Gulf Resources announces nomination of Shengwei Ma to be independent director - Gulf Resources announced the nomination of Mr. Shengwei Ma to be an independent director of the Company. Mr. Ma has served as a Department Manager of Shouguang City Urban Construction and Investment Group since 2012. Ma is standing for election at the Company's annual shareholders meeting to be held on December 18, 2019.
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CRMD | Hot Stocks08:41 EDT CorMedix CFO Robert Cook agrees not to renew employment agreement - CorMedix announced that the Company and CFO Robert Cook have mutually agreed not to renew his employment agreement, which expires on January 31, 2020. Mr. Cook will assist the Company in transitioning his responsibilities.
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ABT | Hot Stocks08:40 EDT Abbott announces discovery of new strain of HIV - Abbott announced that a team of its scientists identified a new subtype of the human immunodeficiency virus called HIV-1 Group M, subtype L. The findings, published today in the Journal of Acquired Immune Deficiency Syndromes, show the role next-generation genome sequencing is playing in helping researchers stay one step ahead of mutating viruses and avoiding new pandemics. This research marks the first time a new subtype of "Group M" HIV virus has been identified since guidelines for classifying new strains of HIV were established in 2000.
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IGLD | Hot Stocks08:39 EDT Internet Gold receives notice letter from Searchlight - Internet Gold - Golden Lines announced that further to the Company's previous reports regarding the Searchlight Transaction, the Company and B Communications Ltd. received a letter from Searchlight II BZQ, L.P, indicating that pursuant to Section 8.1(d) of the Share Purchase Agreement dated as of June 24, 2019, if the Closing has not occurred by November 24, 2019, then either party has the right to deliver a notice to the other parties terminating the SPA. Searchlight further indicates that based on the advice of its counsel, if the Control Permit is not issued by the close of business today, then the Closing shall not occur prior to the End Date, due to the time period required to complete various actions between the issuance of the Control Permit and the Closing. In light of the foregoing, Searchlight informed the Company and BComm that it reserves all rights to issue a termination notice pursuant to Section 8.1(d) of the SPA on the End Date, assuming that the closing has not occurred by such date.
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ASPU | Hot Stocks08:39 EDT Aspen Group promotes Anne McNamara to chief nursing officer - Aspen Group announced that it has promoted Anne McNamara, Ph.D., RN to Chief Nursing Officer of the Company. In her new role as Chief Nursing Officer at Aspen Group, Inc., Dr. McNamara will provide academic and strategic oversight for Aspen Group's nursing programs at Aspen University and United States University. McNamara is responsible for identifying new pre-licensure campus locations, working with state education departments and Boards of Nursing to approve new programs, developing and implementing clinical partnerships, overseeing the appointment of campus directors, and ensuring the achievement of quality student outcomes. Since May 2018, Dr. McNamara, formally the Dean of Nursing & Health Sciences at Grand Canyon University and the former Academic President of Galen College of Nursing, has served as Chief Nursing Officer for Aspen University managing all aspects of the Company's first Bachelor of Science in Nursing pre-licensure campus as well as the recently opened BSN pre-licensure campus embedded in the HonorHealth system.
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PGNX LNTH | Hot Stocks08:36 EDT Progenics clarifies deadline for Velan's consent solicitation - Progenics Pharmaceuticals (PGNX) issued the following statement clarifying November 17, 2019 as the true deadline for Velan Capital L.P.'s consent solicitation. The company said, "The true deadline for the Velan consent solicitation is November 17, 2019, not the November 8, 2019 "goal" arbitrarily set by Velan to try and force shareholders to vote without complete information. Velan's effort to rush to obtain consents is a clear attempt to disenfranchise shareholders. Importantly, Lantheus Holdings Inc. (LNTH) expects to file with the SEC a preliminary S-4 with detailed information about the compelling transaction with Progenics before November 17. Included in the S-4 will be valuable details regarding the benefits of the transaction as well as the process undertaken by the Board-details that are necessary for shareholders to make a fully informed decision. Progenics strongly urges shareholders to wait until they have full information regarding the Lantheus transaction before making any final decisions regarding the Velan consent solicitation. Shareholders will be able to obtain free copies of the preliminary S-4, and any amendments or supplements to the S-4 filing by accessing Lantheus' filings with the SEC through the website maintained by the SEC at https://www.sec.gov."
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HEAR | Hot Stocks08:35 EDT Turtle Beach Chairman of board Ronald Doornink retires, Juergen Stark succeeds - Turtle Beach announced that Ronald Doornink, who has served as the chairman of the company's board of directors since 2010, has decided to step down as chairman and to retire from the board at the end of 2019. The board has unanimously appointed current CEO and board member Juergen Stark to succeed Doornink as chairman effective January 1, 2020. Stark has been the company's CEO and a member of the board since 2014, and will continue as CEO. In addition, the board unanimously appointed Director Bill Keitel as lead independent director.
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CVS | Hot Stocks08:33 EDT CVS Health says expects 1,500 health hubs by end of 2021 - Says: Well-positioned for 2021 selling season... Real estate footprint remains "very productive"... For Q4, the company noted, "The first three quarters had the highest year-over-year earnings growth as we lap the addition of Aetna... Adjusted operating income for HCB expected to be lowest in Q4 due to typical seasonality of the business and spending to support January 1 readiness for Medicare business, consistent with prior years... Q4 will include higher sequential spending on our Transformation programs...Given the timing of the Aetna transaction close, Q4 2018 does not include the full impact of share dilution and interest expense from the transaction, affecting the year-over-year comparability." Comments taken from Q3 earnings conference call.
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KLDO PULM | Hot Stocks08:31 EDT Kaleido Biosciences appoints William Duke as CFO - Kaleido Biosciences (KLDO) announced the appointment of William Duke as CFO, effective November 25, 2019. Duke joins Kaleido from Pulmatrix (PULM), a Nasdaq-listed, clinical-stage pulmonary therapeutics company where he has been CFO.
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XOM FCEL | Hot Stocks08:30 EDT Exxon Mobil, FuelCell expand agreement for carbon capture technology - ExxonMobil (XOM) and FuelCell Energy (FCEL) said they have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement, worth up to $60 million, will focus efforts on optimizing the core technology, overall process integration and large-scale deployment of carbon capture solutions. ExxonMobil is exploring options to conduct a pilot test of next-generation fuel cell carbon capture solution at one of its operating sites. FuelCell Energy's proprietary technology uses carbonate fuel cells to efficiently capture and concentrate carbon dioxide streams from large industrial sources. Combustion exhaust is directed to the fuel cell, which produces power while capturing and concentrating carbon dioxide for permanent storage. The modular design enables the technology to be deployed at a wide range of locations, which could lead to a more cost efficient path for large-scale deployment of carbon capture and sequestration.
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XEBEF | Hot Stocks08:28 EDT Xebec Adsorption says Asja in final construction phase of Genoa plant - Xebec Adsorption announced that renewable energy project developer and operator Asja Ambiente Italia SpA is in the final construction phase of its 11.2 MW landfill gas to Renewable Natural Gas plant in Genoa, Italy. Scheduled completion date is end of 2019. Asja is a major player in international power generation using landfill gas generated at municipal solid waste landfill sites. With this first time ever project, Asja is transforming its Genoa landfill site installation to produce biomethane instead of electricity. Xebec's Pressure Swing Adsorption system was chosen for its innovative solution, delivering lower initial investment costs, low operating and maintenance costs, flexible and stable performance, combined with high durability and reliability. Expected benefits from the transition of electricity production to biomethane are plant efficiency improvements, reduction of emission points from 5 to 2, less waste production, greening of the gas supply and a longer period for monetizing the biogas.
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VBLT | Hot Stocks08:26 EDT VBL Therapeutics announces new IND for Phase 2 trial of VB-111 in rGBM - VBL Therapeutics announced that an investigational new drug application has received clearance from the U.S. Food and Drug Administration. The IND is for a Phase 2 randomized, controlled, clinical trial of VB-111 in rGBM patients undergoing a second surgery. In this new study, VB-111 will be administrated either before and after the surgery or just after the surgery and will be compared to a standard of care control cohort. The IND was submitted by Patrick Wen, M.D., Director, Center for Neuro-Oncology, Dana-Farber Cancer Institute, on behalf of a group of top neuro-oncology US medical centers. A prior Phase 2 study demonstrated a survival benefit for patients with rGBM primed with VB-111 monotherapy that was continued upon progression with a combination of VB-111 and bevacizumab. The primary endpoint of this new study in participants with surgically accessible rGBM is to investigate whether administration of VB-111 as a neo-adjuvant treatment prior to surgery can result in an increase in tumor infiltrating T lymphocyte within the tumor and enhance systemic tumor-specific T cell responses. Secondary endpoints will include progression free survival at 6 months and overall survival.
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MANT | Hot Stocks08:25 EDT ManTech wins $132M U.S. Army award for DCGS-A - ManTech announced that it has been selected by the U.S. Army Communications-Electronics Command Software Engineering Center, Intelligence, Electronic Warfare & Sensors Directorate, and Intelligence Support Division, to provide full lifecycle software and systems engineering for Army's Distributed Common Ground System Family of Systems. ManTech will provide software integration and build services, cybersecurity, configuration management, verification and validation, infrastructure, and logistics services in support of the SEC mission. Specific sustainment support includes maintenance for DCGS-A FoS post deployment and post production software sustainment efforts such as Counter Intelligence/Human Intelligence Automated Reporting and Collection System, Machine Foreign Language Translation System, and Tactical Intelligence Ground Station.
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LIVE | Hot Stocks08:23 EDT Live Ventures to acquire Lonesome Oak Trading, terms not disclosed - Live Ventures Incorporated announced that one of its subsidiaries has entered into an agreement to acquire all of the outstanding stock of Lonesome Oak Trading Co., a leading carpet manufacturer. The acquisition is expected to close in the fourth calendar quarter of this year. Lonesome Oak, located in the Dalton, Georgia area, is a tufted textile manufacturer that sells carpet domestically and internationally. In addition, Lonesome Oak also purchases and resells hardwood flooring and luxury vinyl tile in the United States. Lonesome Oak maintains over 433,000 square feet of facility space and employs 282 full-time employees. The acquisition of Lonesome Oak is expected to increase Live Ventures' consolidated revenues by approximately 50% in its manufacturing segment to more than $130M per year.
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VIVO | Hot Stocks08:22 EDT Meridian Bioscience submits Curian analyzer, Curian HpSA assay to FDA - Meridian Bioscience announced that it has submitted Curian and the Curian HpSA assay to the FDA for review. This platform and assay are designed to specifically detect Helicobacter pylori antigens in human stool using fluorescent lateral flow technology. Curian HpSA is intended to aid in the diagnosis of H. pylori infection and to monitor response during and post-therapy in patients. The addition of this new platform and assay continues to strengthen Meridian's strategic positioning in the gastrointestinal disease testing market. Recent studies have shown that Helicobacter pylori infections are a major public health concern globally. According to the CDC, about two-thirds of the global population is infected with H. pylori. H. pylori infection is considered the leading cause for chronic gastritis and is also considered an etiological agent for gastric cancer and peptic ulcer disease.1-3 H. pylori infection has also been associated with mucosa-associated lymphoid tissue and has been attributed to approximately 89% of gastric cancer diagnoses.
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BWA | Hot Stocks08:21 EDT BorgWarner to supply P2 hybrid solutions for ChangAn's new transmission - BorgWarner has entered into an agreement with Chinese original equipment manufacturer ChangAn Automobile to supply its triple-clutch P2 drive module and electro-hydraulic control unit for ChangAn's new-generation hybrid transmission. BorgWarner expects to achieve mass production of its P2 modules on the new model of ChangAn in 2020. The P2 solution offers the possibility of integrating up to three clutches, including a disconnecting clutch, which allows the system to decouple from the engine for pure electric driving.
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BIIB SSNLF | Hot Stocks08:20 EDT Biogen announces transaction with Samsung Bioepis for rights to two biosimilars - Biogen Inc. (BIIB) announced a new proposed transaction with Samsung Bioepis (SSNLF) to secure the exclusive rights to commercialize two new ophthalmology biosimilars, SB11 referencing Lucentis and SB15 referencing Eylea, in major markets worldwide, including the U.S., Canada, Europe, Japan and Australia. In addition, Biogen will acquire exclusive commercialization rights for its anti-TNF portfolio, including BENEPALI FLIXABI and IMRALDI, in China. Biogen will also acquire an option to extend its existing commercial agreement with Samsung Bioepis for this anti-TNF portfolio in Europe. Biosimilars are products that have been demonstrated to be similar in efficacy and safety to the originator's approved biological product, with the advantage that they offer cost savings and promote sustainable access to therapies. In Europe, over 180,000 patients have been treated with a Biogen anti-TNF biosimilar, and, based on its internal estimates, the company expects the uptake of BENEPALI, FLIXABI and IMRALDI to generate approximately 1.8 billion Euros in healthcare cost savings in 20193. The proposed addition of the two ophthalmology biosimilars complements Biogen's expanding efforts in this therapeutic area. Through the recent acquisition of Nightstar Therapeutics plc, a clinical-stage gene therapy company focused on treatments for inherited retinal disorders, Biogen acquired two mid- to late-stage clinical assets, as well as several preclinical programs, in ophthalmology. Lucentis and Eylea are therapies widely used to treat ophthalmologic conditions such as neovascular age-related macular degeneration, macular edema following retinal vein occlusion, diabetic macular edema and diabetic retinopathy in patients with DME. In 2018 global sales for Lucentis and Eylea were almost $11 billion, with more than $5.8 billion spent in the U.S. alone. Under the terms of the proposed transaction, Biogen will make a $100 million upfront payment to Samsung Bioepis. Additionally, Biogen may pay Samsung Bioepis up to $210 million in additional development, regulatory and sales-based milestones. Samsung Bioepis will be responsible for development and will supply both products to Biogen at a pre-specified gross margin. Biogen will also obtain an option to extend the term of its current European commercial agreement for its three anti-TNF biosimilars by an additional five years, subject to payment of an option exercise fee of $60 million. Biogen will also receive exclusive commercialization rights to BENEPALI, FLIXABI and IMRALDI in China in exchange for a royalty on sales in that market. Upon closing, Biogen expects to record a charge to research and development expense of approximately $65 million related to the $100 million upfront payment. The proposed transaction is subject to customary closing conditions, including the expiration of the applicable waiting period under the Hart Scott Rodino Antitrust Improvements Act of 1976 in the U.S. Biogen expects the deal to close in the fourth quarter of 2019.
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KGJI | Hot Stocks08:18 EDT Kingold Jewelry regains compliance with Nasdaq listing requirements - Kingold Jewelry has received a letter from Nasdaq indicating that Kingold has regained compliance with the $1.00 per share minimum closing bid price requirement for continued listing on the Nasdaq Stock Market, pursuant to the Listing Rules. This matter is now closed.
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WEN | Hot Stocks08:16 EDT Wendy's says on track to achieve 2020 global systemwide sales of $12B-$12.5B - Says on track to achieve 2020 goals, including: Global systemwide sales of approximately $12B-$12.5B. Adjusted EBITDA of approximately $425M-$435M. Free cash flow of approximately $235M-$245M, excluding the approximately $20M tax-effected impact from the proposed settlement of the Financial Institutions case, which the company expects to occur in early 2020. Including the impact of the proposed settlement, the company expects free cash flow of approximately $215M-$225M.
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HOTH | Hot Stocks08:15 EDT Hoth Therapeutics initiates confirmatory study for lupus treatment - Hoth Therapeutics initiated a confirmatory study, related to their proprietary AEA-loaded Z-pods in the treatment of Cutaneous Lupus Erythematosus, a chronic autoimmune disease that affects the skin. The study is being conducted in partnership with Zylo Therapeutics to confirm that topical administration of Hoth's AEA-loaded Z-podsinhibits the development of CLE lesions in a well-established animal model of lupus. Hoth owns an exclusive license to develop Anandamide-loaded Z-pods(TM) for the treatment of CLE in North America.
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AXLA | Hot Stocks08:15 EDT Axcella enrolls first patient in AXA4010-001 study for SCD - Axcella announced milestones in the development of AXA4010, the company's first investigational hematology product candidate. Mechanistic data on AXA4010 will be presented at the American Society of Hematology's, or ASH, annual meeting. Additionally, the company has initiated enrollment of subjects with sickle cell disease, or SCD, in a non-IND clinical study. AXA4010 is composed of a novel combination of endogenous metabolic modulators, or EMMs, designed to affect multiple pathways related to red cell membrane biology, hemolysis, endothelial cell and vascular function, and inflammation. Subjects with SCD have multiple metabolic derangements, making this an appropriate population to evaluate the potential impact of AXA4010 on blood structure and function. Axcella has enrolled its first subject with SCD in AXA4010-001, which is being conducted at multiple U.S. sites. This study is expected to enroll approximately 24 subjects ages 12 and older in a staged sequential design of three separate cohorts for up to 12 weeks. In addition to safety and tolerability, the study will assess the effects of AXA4010 on blood structure and function, including hemolysis, inflammation and vascular physiology. Axcella currently anticipates a data readout from this study in the second half of 2020.
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DNKN | Hot Stocks08:13 EDT Dunkin' Brands to open 18 new restaurants in Houston area - Dunkin'signed store development agreements with new franchisee Manchester Enterprises to develop 18 new restaurants throughout Houston, TX. The group will also be developing ten multi-brand locations with Baskin-Robbins ice cream shops. With the first restaurant slated to open in the Summer of 2020, the franchisee is targeting markets throughout Houston, including Sugarland, Missouri City, Pearland, Friendswood, Galveston and Texas City. There are currently 160 Dunkin' restaurants located in Texas, and the company is continuing to recruit franchisees in the surrounding areas of Houston, Austin, Beaumont and Odessa, TX.
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JWA JWB | Hot Stocks08:12 EDT John Wiley & Sons appoints Danielle McMahan as Chief People Officer - John Wiley & Sons announced Danielle McMahan as the company's new Chief People Officer. "McMahan will report directly to Wiley President & CEO Brian Napack and oversee the company's global human resources operations and people strategy." McMahan most recently served as Executive Vice President and Chief Human Resources Officer for York Risk.
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VSAT | Hot Stocks08:09 EDT ViaSat selected by EL AL Israel Airlines for fleet wide high-speed interfect - Viasat and EL AL Israel Airlines, the national air carrier of Israel, added the Boeing 777 widebody fleet to the mix of EL AL aircraft with Viasat's equipment for high-speed in-flight connectivity. EL AL plans to have all widebody aircraft equipped with Viasat's IFC solution and all narrow-body fleet equipped with Viasat's in-flight entertainment and connectivity offering. EL AL expects to have the majority of its fleet connected with the Viasat service by the end of 2020.
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HBI | Hot Stocks08:08 EDT Hanesbrands adds distribution partner in South Korea - HanesBrands announced that it has added LF Corporation as a distribution partner in South Korea to expand the number of Champion brand stores in South Korea. The number of Champion points of distribution in South Korea, including stores, shop-in-shops and e-commerce, is expected to nearly triple to more than 30 by the end of 2020 and will continue to expand over the next five years. LF Corporation is a leading operator of apparel retail stores and e-commerce platforms. LF directly operates more than 1,400 brand stores in South Korea.
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XOM FCEL | Hot Stocks08:07 EDT Exxon Mobil, FuelCell expand agreement for carbon capture technology - ExxonMobil (XOM) and FuelCell Energy (FCEL) said they have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement, worth up to $60 million, will focus efforts on optimizing the core technology, overall process integration and large-scale deployment of carbon capture solutions. ExxonMobil is exploring options to conduct a pilot test of next-generation fuel cell carbon capture solution at one of its operating sites.
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PFSI BKI | Hot Stocks08:02 EDT PennyMac Financial files antitrust lawsuit against Black Knight - PennyMac Financial (PFSI) announced that it has filed suit against Black Knight (BKI) in the U.S. District Court for the Central District of California alleging that Black Knight uses its market-dominating LoanSphere MSP mortgage loan servicing system to engage in unfair business tactics that both entrap its licensees and create barriers to entry that stifle competition. The lawsuit alleges that Black Knight violated the federal Sherman Act, the California Cartwright Act and California's Unfair Competition Law and engaged in unfair competition under common law. PennyMac seeks, among other relief, to preliminarily and permanently enjoin Black Knight's wrongful practices, and seeks the recovery of actual and statutory damages. The invalidation of those practices would then allow more open and fair competition in both the mortgage servicing platform market and the related market for mortgage servicing platform software. PennyMac has been a customer of Black Knight's mortgage software products since 2008 and has used several Black Knight products including its mortgage servicing platform, LoanSphere MSP. Due to the perceived limitations of Black Knight's MSP product, PennyMac has invested-with Black Knight's knowledge and as PennyMac has disclosed to its public stockholders and the markets as a whole-substantial resources to develop custom, workflow-driven modules on a cloud-based, flexible architecture in order to enhance PennyMac's servicing capabilities. This development process has resulted in the phased release of more than 150 modules that now eliminate PennyMac's need for Black Knight's LoanSphere MSP and related products. PennyMac provided timely notice of its nonrenewal of LoanSphere MSP in May. A Black Knight affiliate, Black Knight Servicing Technologies, filed suit in a Florida circuit court in advance of Black Knight's Q3 earnings call. Black Knight's suit makes the demand, among others, that PennyMac transfer ownership of its own systems to Black Knight. PennyMac believes that Black Knight's lawsuit is without merit and intends to defend itself vigorously in these proceedings.
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ESPR | Hot Stocks08:02 EDT Esperion lowers FY19 view for net increase in cash $70M-$80M from $90M-$100M - Esperion expects that current cash resources, coupled with expected milestone payments under the European commercial collaboration agreement and Oberland Capital revenue-based funding agreement, and bempedoic acid and the bempedoic acid / ezetimibe combination tablet commercial sales, will be sufficient to fund operations through profitability.
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MYGN | Hot Stocks07:59 EDT Myriad Genetics announces publication of analysis of GUIDED trial - Myriad Genetics announced that a new analysis of the GUIDED clinical trial was published online in The Journal of Clinical Psychiatry. The key finding is that the GeneSight Psychotropic test improved clinical outcomes - remission, response and symptoms - in patients taking medications with gene-drug interactions. Improvement in all three endpoints was statistically significant. Patients enrolled in the GUIDED clinical trial were diagnosed with major depressive disorder and had failed at least one psychotropic medication. Patients were randomized to treatment as usual or the guided-care arm in which clinicians had access to the GeneSight test report to inform their medication decisions. The analysis published in the Journal of Clinical Psychiatry today evaluated a total of 787 people from the GUIDED clinical trial who were taking medications with gene-drug interactions at baseline as identified by the GeneSight test. The results from the analysis showed that people in the GeneSight arm achieved statistically significant improvements in all clinical outcomes compared to TAU at week 8. Importantly, the improvements in all clinical outcomes were durable and continued throughout the six-month follow up period. Remission increased 82 percent, response rates increased 64 percent and symptom improvement increased 56 percent from week 8 to week 24. The new analysis also assessed how the GeneSight test impacted outcomes for patients who were taking medications with gene-drug interactions at baseline and who switched medications, which was defined as dropping at least one medication and adding at least one different medication. Among people who switched, all clinical outcomes were statistically significantly better for those in the GeneSight arm compared to TAU at week 8, underscoring the value of using combinatorial pharmacogenomic information to help inform treatment decisions.
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GOLD | Hot Stocks07:57 EDT Barrick Gold sees 2019 gold production 5.1M-5.6M ounces
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BIIB | Hot Stocks07:52 EDT Biogen enters commercialization agreement with Samsung Bioepis for SB11, SB15 - Samsung Bioepis announced that it has entered into a new commercialization agreement with Biogen for two biosimilar candidates under development by Samsung Bioepis, SB11 and SB15, in the United States, Canada, Europe, Japan and Australia. SB11, a biosimilar candidate referencing Lucentis, is undergoing phase 3 clinical trial, while SB15, a biosimilar candidate referencing Eylea, is in pre-clinical development. In addition, the agreement provides Biogen an option to extend the commercialization term for Samsung Bioepis' three anti-TNF biosimilars in Europe for additional five years, extending the original ten-year agreement. The agreement also provides Biogen an option to receive commercialization rights to Benepali, Flixabi and Imraldi in China in exchange for royalties on sales in the market. Samsung Bioepis will be responsible for development, regulatory registration, and manufacture of the products, while Biogen will be responsible for commercialization.
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SASR | Hot Stocks07:52 EDT Sandy Spring Bancorp to acquire Rembert Pendleton Jackson - Sandy Spring Bancorp announced it has reached an agreement to acquire Rembert Pendleton Jackson, an investment and financial advisory firm located in Falls Church, Virginia. Founded in 1974, RPJ currently has more than $1.3B in assets under management. Upon closing the transaction, the combined AUM under Sandy Spring Bank's wealth management arms will be approximately $4.5B. The acquisition of RPJ further demonstrates Sandy Spring Bank's commitment to providing financial services to individuals, families and businesses at every stage of life and aligns with the company's strategic objective of diversifying sources of noninterest income. Sandy Spring Bank operates more than 50 locations throughout Maryland, Northern Virginia and Washington, D.C. The company offers a range of commercial and retail banking, mortgage, private banking, and trust services, as well as a comprehensive menu of insurance and wealth management services through its subsidiaries. Sandy Spring Bank has demonstrated consistent momentum through its strong financial performance and strategic growth throughout the Greater Washington region, including its recently announced acquisition of Revere Bank. With more than three decades of service to the national capital area, RPJ is a fee-only advisory firm and has been solely registered with the Securities and Exchange Commission since 1984. Collectively, the principals have more than 100 years of experience. Clients will not experience any impact or notice any changes. RPJ will continue to operate under the name, Rembert Pendleton Jackson, and Charles E. Rembert, CFP, AIF, Principal, will lead the company as President and will report to Caceres at Sandy Spring Bank. Rembert Pendleton Jackson's senior leadership and registered investment advisors will continue to serve their clients directly. The transaction is expected to be completed in the first quarter of 2020. Sandy Spring was advised on the transaction by Raymond James Silver Lane Advisors.
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PRQR | Hot Stocks07:48 EDT ProQR Therapeutics extends cash runway into 2022 - The company closed an underwritten public offering of 9,090,909 ordinary shares on October 18, 2019 at a price of $5.50 per share with full exercise of underwriters' option to purchase 1,363,636 additional ordinary shares. Net proceeds totaled approximately EURO$49.3 million. With the addition of this capital ProQR's operations are funded into 2022.
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MRNS | Hot Stocks07:41 EDT Marinus expects cash, cash equivalents to fund requirements into 3Q20 - The company said, "At September 30, 2019, we had cash and cash equivalents of $39.9 million compared to $72.7 million at December 31, 2018. We believe that our cash, cash equivalents and investments as of September 30, 2019 will enable us to fund our operating expenses and capital expenditure requirements into the third quarter of 2020."
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ADAP | Hot Stocks07:39 EDT Adaptimmune sees cash, cash equivalents funding operations through 3Q20 - The Company believes that its existing cash, cash equivalents and marketable securities will fund the Company's current operations through the third quarter of 2020. As further detailed in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2019, to be filed with the Securities and Exchange Commission following this earnings release, the Company has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date the financial statements are issued. The Company concluded that there are factors that raise substantial doubt about its ability to continue as a going concern for at least one year from the issuance of the September 30, 2019 quarterly condensed consolidated financial statements. In the immediate future, the Company plans to continue to prioritize and review ongoing clinical development projects and costs with the aim of focusing operations on the ADP-A2M4 SPEARHEAD-1, ADP-A2M4CD8 SURPASS, and ADP-A2AFP trials. The Company believes that a combination of targeted clinical progress together with accessing additional capital and/or cost reductions will enable the Company to continue as a going concern for the next twelve months. The Company's financial results are presented as though it would continue as a going concern.
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ALBO | Hot Stocks07:37 EDT Albireo Pharma expects cash balance to be sufficient into 2021 - For the full year 2019, the company anticipates total expenses, including R&D and G&A expenses, to be in the range of $70M-$75M. Albireo continues to anticipate that its current cash balance will be sufficient to meet its operating needs into 2021.
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CARS | Hot Stocks07:35 EDT Cars.com appoints Dean Evans as Executive VP - Cars.com has appointed Dean Evans as Executive VP. Evans has more than 20 years of experience at major automotive brands with a focus on sales. Prior to joining CARS, he served four years as CMO of Hyundai Motor America and three years as CMO of Subaru of America. Evans has also served in executive roles at Dealer.com, Dealix, and LotLinx.
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PZZA | Hot Stocks07:34 EDT Papa John's says chief operating and growth officer Mike Nettles to depart - As a result of the reorganization, Chief Operating and Growth Officer Mike Nettles and Chief Marketing Officer Karlin Linhardt will leave the company after a short transition period to pursue other opportunities.
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VMC | Hot Stocks07:33 EDT Vulcan Materials CEO sees 'another year of strong earnings growth' in 2020 - Regarding the company's outlook, CEO Tom Hill stated, "We are reaffirming our full year earnings outlook for 2019. As we enter the final quarter of this year, we are well positioned to have a strong finish to the year, achieving another year of double-digit earnings growth. Looking ahead to 2020, we expect another year of strong earnings growth, led by improvement in aggregates unit margins. With respect to aggregates shipments, our preliminary outlook is for low-to-mid single digit growth. Vulcan-served markets should continue to benefit from public construction demand, led by significantly higher levels of highway funding in our key states. Private construction shipment momentum remains positive across most of our markets. We expect this shipment momentum to continue into 2020. Demand fundamentals, including population and employment growth, continue to support longer-term growth in residential and nonresidential construction. We also expect a positive pricing environment as the shipment momentum in private demand and visibility of public demand should help drive sales price increases similar to 2019's mid-single digits range. We remain keenly focused on compounding unit margins through the cycle. Going forward, these compounding unit margins together with disciplined capital allocation priorities will position us well to grow our cash flows and improve our returns on invested capital."
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PZZA PPG | Hot Stocks07:33 EDT Papa John's announces new, streamlined senior management team - Papa John's International (PZZA) announced a new, more streamlined senior management team, with additions to the team as well as promotions and expanded roles for key leaders. The updated management structure aligns with the company's new strategy and priorities. "After two months as CEO, I'm more excited than ever by the dedication, drive and resilience of Papa John's team members and franchisees. Today I'm announcing a new management structure that will be the foundation on which we build our future," said Rob Lynch, President and CEO. "As we introduce a more focused plan and strategic priorities for the company, we are realigning Papa John's senior management, promoting leaders within the company and adding proven talent." Max Wetzel, formerly VP, Consumer Brands and Chief Transformation Officer at PPG Industries (PPG), is joining the company as Chief Commercial and Marketing Officer, beginning November 18, 2019. Mr. Wetzel will oversee marketing, menu strategy, product innovation, customer experience and a new project management office. Jim Norberg, the company's SVP, Chief of Restaurant Operations, has been named COO, North America, and Jack Swaysland has been named COO, International. As a result of the reorganization, Chief Operating and Growth Officer Mike Nettles and Chief Marketing Officer Karlin Linhardt will leave the company after a short transition period to pursue other opportunities. In addition, CFO Joe Smith will be leaving the company in 2020 following the fiscal 2019 year-end, after almost 20 years at Papa John's. He will continue to serve as CFO while the company searches for a new CFO. The company's Executive Leadership Team also includes: Marvin Boakye, who has been named Chief People and Diversity Officer. Madeline Chadwick, who has been promoted to SVP, Communications and Corporate Affairs. In addition to internal and external communications, Chadwick will oversee the company's corporate social responsibility initiatives; Justin Falciola, Chief Insights and Technology Officer; Shane Hutchins, Chief Supply Chain Officer; and Caroline Oyler, Chief Legal and Risk Officer.
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PZZA | Hot Stocks07:31 EDT Papa John's names Max Wetzel chief commercial and marketing officer
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PZZA | Hot Stocks07:30 EDT Papa John's says CFO Joe Smith to depart in 2020
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AVXL | Hot Stocks07:30 EDT Anavex announces publication of foundational data for ANAVEX 2-73 - Anavex Life Sciences announced that preclinical data of ANAVEX 2-73 in Rett syndrome were published in the peer-reviewed journal, Pharmacology, Biochemistry and Behavior. Rett syndrome, a rare genetic neurological disorder that afflicts mostly girls, is caused by a genetic defect associated with severe physical and cognitive impairments. The study evaluated doses of ANAVEX 2-73 in heterozygous MECP2 mice, a validated animal model for the disease, which resulted in improvements in motor, sensory, and autonomic phenotypes related to the disease. These included motor coordination and balance, acoustic and visual responses, and other improvements. ANAVEX 2-73 also showed a good safety profile. The study, "ANAVEX 2-73, a Sigma-1 receptor agonist, ameliorates neurologic impairments in a mouse model of Rett syndrome," served as a proof-of-concept for the ongoing Phase 2 ANAVEX2-73-RS-001 study as well as for upcoming pediatric studies. Preliminary results from the first cohort of this study were recently presented at the 6th Annual European Rett Syndrome Conference. The data described significant improvements in the two global efficacy endpoints: the Rett Syndrome Behaviour Questionnaire Total score and the Clinical Global Impression - Improvement; as well as in the RSBQ Hand Behaviours and the RSBQ Breathing Abnormalities subscale scores. Efficacy signals on both caregiver- and clinician-based measures of severity also correlated with plasma changes of key biomarkers related to disease pathogenesis.
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EVGN | Hot Stocks07:30 EDT Evogene subsidiary Canonic initiates cultivation of medical cannabis varieties - Evogene's wholly owned subsidiary Canonic initiated its cultivation and breeding program of cannabis varieties with unique genomic profiles for the development of medical cannabis products. Canonic achieved a milestone with the import of a genetically diverse seed collection of cannabis lines originating from different territories. These seeds were specifically selected to be the foundation of Canonic's advanced breeding program and product pipeline consisting of MetaYield - medical cannabis products with a stable increase of total plant active compounds, and Precise product line - medical cannabis with a stable increase of specific plant active compounds. The company has received the required regulatory approvals for both greenhouses and labs including Good Security Practice approval and possession license for cannabis from the Israeli Medical Cannabis Agency.
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SNDX | Hot Stocks07:26 EDT Syndax says first patient dosed in Phase 1/2 clinical trial of SNDX-5613 - Syndax announced that the first patient has been dosed in AUGMENT-101, a Phase 1/2 clinical trial evaluating SNDX-5613, Syndax's potent, highly selective oral Menin inhibitor, in patients with relapsed/refractory acute leukemias.
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BCRX | Hot Stocks07:25 EDT BioCryst sees FY19 net operating cash use $105M-$130M - BioCryst continues to expect full year 2019 net operating cash use to be in the range of $105 to $130 million, and its operating expenses to be in the range of $120 to $145 million. The company's operating expense range excludes equity-based compensation expense due to the difficulty in reliably projecting this expense, as it is impacted by the volatility and price of the company's stock, as well as by the vesting of the company's outstanding performance-based stock options.
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TECH | Hot Stocks07:24 EDT Bio-Techne licenses aTAG Technology from C4 Therapeutics - Bio-Techne announced the signing of an agreement with C4 Therapeutics to acquire an exclusive license for the Achilles-TAG degradation platform. The license will make aTAG technology commercially available to the scientific research community for the first time. The aTAG system is a chemical genetic application of the targeted protein degradation modality, harnessing the ubiquitin-proteasome system to induce selective degradation of specific proteins within a cell. The aTAG technology makes use of a newly developed heterobifunctional Degrader that selectively targets its corresponding degradation tag, which is based on the MTH1 protein. When a protein of interest is fused to the aTAG, treatment with this class of Degrader results in degradation of the aTAG-fusion protein. Researchers will be able to fuse the aTAG to their target protein of interest, and subsequently degrade the protein in their biological system. This new technology offers the scientific community a new tool for validating the role of specific proteins in numerous disease states and physiological systems, in a rapid, tuneable and reversible manner.
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ONCY | Hot Stocks07:23 EDT Oncolytics announces results from Phase 1b REO 024 study published - Oncolytics announced that results from its previously announced Phase 1b REO 024 study of pelareorep in combination with pembrolizumab have been published in the peer-reviewed medical journal Clinical Cancer Research, a journal of the American Association for Cancer Research. The phase 1b study was designed to assess the safety and tolerability of the treatment combination in patients with confirmed metastatic adenocarcinoma of the pancreas who failed or did not tolerate first-line treatment. In addition to a strong safety profile, positive findings from the study included objective responses indicating anti-tumor activity, long-term stabilization of disease and promotion of an inflamed phenotype in patients' tumors. Importantly, these results supported advancing the combination regiment of pelareorep and Keytruda into phase 2 clinical development, which is currently ongoing.
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CUB CMTL | Hot Stocks07:22 EDT Cubic awarded $325M contract from U.S. Marine Corps - Cubic Corporation (CUB) announced its Cubic Mission Solutions, or CMS, business division was awarded a 10-year, $325M indefinite delivery/indefinite quantity, or IDIQ, contract by the U.S. Marine Corps to provide 172 Next Generation Troposcatter, or NGT, systems. Cubic will partner with subcontractor Comtech Telecommunications (CMTL) subsidiary Comtech Systems, Inc. to manufacture and deliver the NGT systems as well as provide test support, logistics and training documentation, training execution, fielding support and sustainment. Cubic's GATR system is the industry leader in expeditionary inflatable antennas and Comtech Systems, Inc. is the world's leader in NGT technology. Comtech has designed, installed and maintained more than 90% of the C-band/X-band troposcatter systems worldwide. Together, Cubic and Comtech offer the warfighter next generation troposcatter solution that increases bandwidth by an order of magnitude and reduces the size, weight and power by nearly 90 percent, making it the most mobile and highest throughput beyond-line-of-sight system in the world.
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WLH TMHC | Hot Stocks07:22 EDT Taylor Morrison to acquire William Lyon Homes for $21.45/share in cash and stock - Taylor Morrison Home (TMHC) and William Lyon Homes (WLH) announced they have entered into a definitive agreement pursuant to which Taylor Morrison will acquire all of the outstanding shares of William Lyon Homes common stock for per share consideration of $2.50 in cash and 0.800 shares of Taylor Morrison common stock, implying a company value for William Lyon Homes of $21.45 per share or $2.4B including assumption of debt. The transaction consideration mix consists of approximately 90% Taylor Morrison stock and 10% cash. Based on current trading, Taylor Morrison stockholders will own approximately 77% of the combined company while William Lyon Homes stockholders will own approximately 23%. The transaction has been unanimously approved by the Boards of Directors of both Taylor Morrison and William Lyon Homes and will be submitted to the stockholders of William Lyon Homes for approval. The issuance of shares of Taylor Morrison common stock in the transaction will also be submitted to the stockholders of Taylor Morrison for approval. The transaction is expected to close late in the first quarter or early in the second quarter of 2020 and the closing is subject to the satisfaction of customary closing conditions. William H. Lyon, executive chairman and chairman of the board and holder of approximately 42 percent of the voting power of William Lyon Homes common stock, has agreed to vote all of the shares of William Lyon Homes common stock controlled by him in support of the transaction. "The strategic combination creates the nation's fifth largest homebuilder based on the last 12 months of closings, and firmly places Taylor Morrison in a Top 5 position in 16 of the combined 23 markets with an estimated 14,200 closings for the pro forma combined company," the companies stated.
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WLH | Hot Stocks07:21 EDT William Lyon Homes reports Q3 new home deliveries of 995 homes, down 6% - Reports Q3: Average sales price of new homes delivered of $467,100, compared to $506,700; Net new home orders of 940, down 6%; Average sales locations of 114; Units in backlog of 1,368.
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SAIC | Hot Stocks07:21 EDT SAIC awarded $55M IT services contract by Orange County, CA - The County of Orange, California awarded Science Applications International a contract extension to continue to provide information technology managed services and solutions to agencies and departments within the county. As part of the contract, SAIC's services will support the county's data center, desktop, service desk, and applications. The firm-fixed-price contract has a base period of performance of 53 months and is valued at approximately $55 million. If exercised, the contract has two one-year options. Work will be primarily performed in Santa Ana, California.
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TMHC WLH | Hot Stocks07:19 EDT Taylor Morrison to acquire William Lyon Homes for $21.45/share in cash and stock
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CNR | Hot Stocks07:18 EDT Cornerstone Building Brands sees Q4 adjusted EBITDA $135M-$150M
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REGN SNY | Hot Stocks07:16 EDT Regeneron and Vyriad to co-develop new virus treatments for cancer - Regeneron (REGN) and Vyriad announced a research collaboration and option licensing agreement focused on the development of new oncolytic, or cancer-killing, virus-based treatments for various forms of cancer. The agreement includes a Phase 2 clinical study, slated to begin in 2020, evaluating Regeneron's PD-1 inhibitor Libtayo in combination with Vyriad's oncolytic virus Voyager-V1 in multiple types of cancer. The companies will also enter into a five-year research effort that utilizes Regeneron's VelociSuite technologies to jointly design and validate novel Vesicular Stomatitis Virus-based oncolytic virus treatments. Libtayo is being jointly developed and commercialized by Regeneron and Sanofi (SNY) under a global collaboration agreement. Libtayo was invented by Regeneron using the company's proprietary VelocImmune technology. Vyriad's investigational drug candidate Voyager-V1 is a potent VSV programmed to attack cancer cells selectively, while also activating the immune system to kill local and distant cancer cells. Under the agreement, Vyriad will receive an upfront payment and Regeneron will make an equity investment in the company. Regeneron will have an exclusive option to license Voyager-V1 and other collaboration products. Vyriad is eligible to receive additional payments based on the achievement of specified development and commercial milestones, as well as royalties on net sales of potential future VSV-based collaboration products. During the five-year collaboration term, Vyriad will work exclusively with Regeneron to research and develop VSV technologies. Specific financial terms were not disclosed.
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AMZN | Hot Stocks07:14 EDT Amazon announces Amazon Robotics innovation hub in MA, plans to create 200 jobs - Amazon announced plans to build a new state-of-the-art Amazon Robotics innovation hub and create 200 tech and advanced manufacturing jobs in Westborough, Massachusetts. Opening in 2021, the company plans to invest more than $40 million in the new site to allow Amazon Robotics to continue to grow its engineering, manufacturing, support and test teams in the state. The new 350,000 square feet facility, developed by Atlantic Management of Framingham, MA, will feature corporate offices, research and development labs, and manufacturing space and will be in addition to Amazon Robotics' current site in North Reading - together serving as the company's epicenter of robotics innovation. Amazon has created more than 4,000 full-time jobs in Massachusetts, and since 2011, invested more than $3 billion in the state, including infrastructure and compensation to our employees.
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NYT | Hot Stocks07:12 EDT New York Times sees Q4 subscription revenues up low-to mid-single digits percent - New York Times said total subscription revenues in the fourth quarter of 2019 are expected to increase in the low- to mid-single digits compared with the fourth quarter of 2018, with digital-only subscription revenue expected to increase in the mid-teens. Total advertising revenues in the fourth quarter of 2019 are expected to decline in the mid-teens compared with the fourth quarter of 2018, with digital advertising revenue also expected to decrease in the mid-teens. Other revenues in the fourth quarter of 2019 are expected to increase approximately 25% to 30% compared with the fourth quarter of 2018. Operating costs and adjusted operating costs in the fourth quarter of 2019 are expected to increase in the low-single digits compared with the fourth quarter of 2018 as a result of continued investment in the drivers of digital subscription growth, which are expected to be offset by other savings. Operating costs and adjusted operating costs are expected to return to higher levels of growth in 2020 with continued investment into the digital subscription strategy.
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GOLD | Hot Stocks07:08 EDT Barrick Gold raises quarterly dividend 2% to 5c per share - Barrick Gold Corporation announced that its Board of Directors has declared a dividend for the third quarter of 2019 of $0.05 per share, a 25% increase on the previous quarter's dividend, payable on December 16, 2019 to shareholders of record at the close of business on November 29, 2019.9 Senior Executive Vice-President and Chief Financial Officer Graham Shuttleworth said Barrick's business continued to perform well and the increased dividend reflected its strong operating performance and growth in cashflows and is consistent with the Company's stated financial and operating objectives.
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GOLD | Hot Stocks07:08 EDT Barrick Gold increases dividend 25% to 5c per share - Barrick Gold has declared a dividend for Q3 of 5c per share, a 25% increase on the previous quarter's dividend, payable on December 16 to shareholders of record at the close of business on November 29.
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GOLD | Hot Stocks07:06 EDT Barrick Gold reports Q3 production of 1.3M ounces of gold
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WEN | Hot Stocks07:04 EDT Wendy's reports Q3 No. America same-restaurant sales growth 4.4% - Reports Q3 No. America systemwide sales growth 5.5%, International 9.2%, Global 5.7%.
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BCRX | Hot Stocks07:03 EDT BioCryst still sees FY19 net operating cash use $1.05M-$130M - Still sees 2019 operating expenses $120M-$145M.
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ODP | Hot Stocks06:56 EDT Office Depot raises share repurchase program to $200M - Office Depot announced that as part of its ongoing commitment to drive shareholder value, its Board of Directors approved an increase in the authorization of its existing stock repurchase program to $200M and an extension of the program until the end of 2021. The new authorization includes the remaining authorized amount under the company's previous stock repurchase program. Accordingly, the company will have approximately $190M available for share repurchases.
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ODP | Hot Stocks06:52 EDT Office Depot announces review of potential holding company reorganization - Office Depot announced that its Board of Directors has approved a feasibility review of the implementation of a holding company reorganization, which is expected to be completed by the end of the first quarter of 2020. If implemented, the reorganization is anticipated to create a new holding company, The ODP Corporation, that will become the new parent company of Office Depot and will replace Office Depot as the public company trading on Nasdaq under Office Depot's current ticker symbol "ODP". If the holding company reorganization is implemented, existing shares of Office Depot, Inc. would be automatically converted on a one-for-one basis into shares of common stock of The ODP Corporation. Shareholders would not need to return stock certificates or otherwise take any action with respect to their shares of Office Depot common stock. The feasibility review will include confirmation that the anticipated holding company reorganization is intended to be a tax-free transaction for U.S. federal income tax purposes for Office Depot's shareholders. If approved, the holding company reorganization is intended to simplify the company's legal entity and tax structure, more closely align the company's operating assets to their respective operating channels within the legal entity structure, and increase its operational flexibility. If implemented, the public company reorganization is not expected to result in a change in the directors, executive officers, management or business of Office Depot, or to impact the timing of the declaration and payment of the company's regular quarterly dividends.
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AMRX | Hot Stocks06:50 EDT Amneal Pharmaceuticals enters licensing agreement with Kashiv BioSciences - Amneal Pharmaceuticals announced that it has entered into a licensing agreement with Kashiv BioSciences for the development and commercialization of Kashiv's orphan drug K127 for the treatment of Myasthenia Gravis. Through this partnership, Amneal gains exclusive rights within the United States to the New Drug Application and commercialization of K127. Under the terms of the agreement, Kashiv will be responsible for all development and clinical work required to secure Food and Drug Administration approval and Amneal will be responsible for filing the NDA and commercializing the product. Kashiv will receive an upfront payment of $1.5M and is eligible to receive development and regulatory milestones totaling $16.5M. Kashiv is also eligible to receive tiered royalties from the low double-digits to mid-teens on net sales of K127.
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VISL | Hot Stocks06:49 EDT Vislink receives $3M in new orders - Vislink announces that the company has received $3M in new orders in its live production, military-government and satcom markets. The new orders represent part of an order backlog that currently stands at approximately $13M, which represents a 42% year-over-year increase. The live production orders were received from clients operating in the broadcast, sports and entertainment sectors, primarily for wireless camera systems and related components. The military- government orders were for transmitter and receiver components for use by the US Navy and the US Army (which is above and beyond the $2.8M order previously announced in July 2019), and airborne downlink systems equipment from a law enforcement agency. The satcom equipment orders were received from international customers.
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DNOW | Hot Stocks06:48 EDT NOW Inc. interim CEO says 'achieved a debt-free position this quarter' - Dick Alario, interim CEO of NOW Inc., noted, "The company generated strong cash flow, improved gross margins and reduced operating costs this quarter, thanks to the hard work of our dedicated employees. We are excited that we achieved a debt-free position this quarter, which showcases the strength of our balance sheet. Even though market conditions have become more challenging as we close out 2019, we believe our expansive customer and supplier base, strong balance sheet, global distribution network and especially our proven and long-serving management team and employees, place the company in a good position to advance its market strategy."
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GILD | Hot Stocks06:47 EDT Gilead presents data supporting non-inferior efficacy of Descovy for PrEP - Gilead Sciences announced 96-week results from the DISCOVER trial, a multi-year global Phase 3 registrational clinical trial evaluating the safety and efficacy of once-daily Descovy for HIV pre-exposure prophylaxis compared with Truvada for PrEP, in men and transgender women who have sex with men and are at risk for sexually acquired HIV infection. Descovy demonstrated non-inferior efficacy to Truvada through 96 weeks and statistically significant differences over Truvada for certain key measurements of bone and renal safety assessed in the study, which were pre-specified secondary endpoints. These data are being presented at the 17th European AIDS Conference in Basel, Switzerland. "The 96-week data from the DISCOVER trial further support the comparable efficacy of Descovy and Truvada for PrEP and offer new insights into the improved renal and bone safety profile of Descovy as measured by key bone and renal markers," said Diana Brainard, MD, Senior Vice President, HIV and Emerging Viruses, Gilead Sciences. "As more at-risk people use PrEP for longer periods of time, the data affirm the value of Descovy for PrEP as a new HIV prevention option." In the DISCOVER trial, 5,387 study participants were randomized in a 1:1 ratio to receive either Descovy or Truvada once-daily. The primary endpoint was the incidence rate of HIV infection when 100 percent of participants completed 48 weeks, and at least 50 percent of participants completed 96 weeks. As a secondary endpoint analysis, the incidence rate ratio of Descovy to Truvada was evaluated when 100 percent of participants completed 96 weeks. Among the 2,670 participants who received Descovy over 96 weeks, eight acquired HIV. Among the 2,665 participants who received Truvada for the duration of the study, 15 acquired HIV. These results confirm the continued non-inferiority of Descovy versus Truvada. After the primary analysis, there was one new HIV infection in the Descovy arm in a study participant with significantly reduced adherence for several months.
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CVS | Hot Stocks06:42 EDT CVS Health up 3.8% after reporting Q3 results, raising FY19 adj. EPS view
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CVS | Hot Stocks06:41 EDT CVS Health CEO: All core businesses performed in line with or above expectations - CVS oresident and CEO Larry Merlo stated, "Our third quarter results build on the positive momentum we have seen across the company since the beginning of the year. All of our core businesses performed in line with or above expectations, reflecting strong operational execution. As a result, we delivered strong growth and generated robust operating cash flow, which enabled us to continue to delever while returning capital to our shareholders." Merlo continued, "Based on strong year-to-date performance, we are raising and narrowing our full-year 2019 Adjusted EPS guidance range to $6.97 to $7.05. As we approach the first anniversary of the Aetna acquisition, we are increasingly confident in the strength of our broad and differentiated assets as a combined company and our ability to deliver compelling value to our customers and the communities we serve. Looking ahead, we remain focused on successful execution of our strategic priorities and integration plans to unleash the full potential of our consumer-centric health care model and create value for all stakeholders."
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HUM | Hot Stocks06:39 EDT Humana raises 2019 Medicare Advantage membership growth outlook - Increased expected full-year individual Medicare Advantage membership growth to approximately 530,000 members from the previous range of 480,000-500,000 members, representing approximately 17% growth in 2019.
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SAUC BWLD | Hot Stocks06:38 EDT Diversified Restaurant to be acquired by ICV Partners for ~ $130M in cash - Diversified Restaurant Holdings (SAUC), one of the largest franchisees for Buffalo Wild Wings, announced the execution of a definitive merger agreement with investment entities affiliated with ICV Partners, a leading private investment firm that supports strong lower middle market companies. Under the terms of the agreement, ICV has agreed to acquire the company in an all cash transaction valued at approximately $130M, including the assumption of outstanding indebtedness and transaction expenses. DRH's common stockholders will receive $1.05 per share in cash, representing an approximate 123% premium to the company's closing share price on November 5, and an approximately 111% premium to the 30-day volume weighted average stock price. The transaction is structured as a merger of the company with a newly-formed entity affiliated with ICV, with DRH continuing as the surviving entity of such merger. Upon closing, stockholders of DRH will receive $1.05 per share in cash. The company's merger agreement with ICV was unanimously approved by the company's Board of Directors following a previously announced review of strategic alternatives undertaken by the company. The closing of the transaction is subject to stockholder approval, the consent of BWW, and other customary closing conditions. The company and ICV expect to complete the transaction by the end of 2019 or early 2020, following the annual meeting of stockholders at which the transaction will be an item presented for stockholder approval.
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CVS | Hot Stocks06:37 EDT CVS Health reports Q3 pharmacy SSS up 4.5% - Reports Q3 front store SSS up 0.6%.
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AYR | Hot Stocks06:17 EDT Aircastle to be acquired for $32 per share in cash - Aircastle announced that it has entered into a definitive agreement to be acquired by a newly-formed entity controlled by affiliates of Marubeni and Mizuho Leasing. Under the terms of the merger agreement, Aircastle shareholders will receive $32.00 in cash for each common share of Aircastle, representing a total valuation of approximately $2.4B, or approximately $7.4B including debt obligations to be assumed or refinanced net of cash. "After a review of strategic alternatives by our board, we are pleased to reach this agreement with Marubeni and Mizuho Leasing, which delivers tremendous value and immediate liquidity to our shareholders," said Peter Ueberroth, Chairman of the Aircastle board. The cash consideration of $32.00 per share represents a 34% premium over Aircastle's closing stock price on October 23, the last trading day prior to Aircastle's public announcement that Aircastle was evaluating strategic alternatives, and a 41% premium over the volume weighted average share price during the 20 trading days ended October 23. The transaction is subject to customary closing conditions, including approval by Aircastle's shareholders and receipt of certain regulatory approvals, and is expected to close in the first half of 2020. Marubeni has agreed to vote the common shares of Aircastle that Marubeni and its affiliates beneficially own in favor of the transaction. Given the pending transaction, Aircastle will not host a third quarter earnings call and will not release its third quarter financial results for the period ended September 30, 2019 until Aircastle files its third quarter Form 10-Q.
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SQNS | Hot Stocks06:16 EDT Sequans signs multi-year non-exclusive license and services agreement - "IoT revenue was temporarily affected in Q3 by a short-term channel inventory issue with one Cat 1 customer. We expect this inventory issue to be resolved during Q4, overall Cat 1 demand remains good, and we expect significant growth next year," said Georges Karam, Sequans CEO. "We continue to see momentum building in Cat M/NB and a major new design win should contribute to our ramp next year. Broadband demand remains steady, and we continue to expect gradual improvement in broadband revenue, mainly from new design wins. On the strategic front, we are very pleased to have signed a multi-year non-exclusive license and services agreement with an estimated value exceeding $35 million over 3+ years, subject to Sequans achieving pre-agreed milestones," added Dr. Karam. "Also, during Q4 we have concluded another strategic agreement, and we see an expanding list of potential new strategic opportunities. This demonstrates a growing recognition that Sequans represents a scarce resource with obvious technology leadership. In addition, we are happy to announce we are sampling our NB-only solution, making us the only company worldwide to offer a complete range of cellular IoT solutions, including NB-only, dual-mode Cat M/NB as well as a fully-optimized Cat 1 solution."
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LXP | Hot Stocks06:14 EDT Lexington Realty increases quarterly dividend 2.4% to 10.5c per share - Lexington Realty declared a regular quarterly common share/unit dividend/distribution for the quarter ending December 31, 2019 of 10.5c per common share/unit payable on January 15, 2020 to common shareholders/unitholders of record as of December 31, 2019. This represents an increase of 2.4% from the previous quarterly per common share/unit dividend/distribution.
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AYR | Hot Stocks06:14 EDT Aircastle to be acquired by affiliates of Marubeni for $32 per share in cash
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PERI | Hot Stocks06:12 EDT Perion Network sees FY19 adjusted EBITDA $25M-$27M range - Says now expects to reach or exceed the top end of the range.
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EADSY | Hot Stocks06:10 EDT Airbus agrees to ramp up production in China - Airbus and China are strengthening their long-standing partnership as both sides commit to a further deepening and broadening of cooperation in the aviation industry. A Memorandum of Understanding on the Further Development of Industrial Cooperation was signed in Beijing by He Lifeng, Chairman of the National Development and Reform Commission of China and Guillaume Faury, Airbus CEO in the presence of Chinese President Xi Jinping and visiting French President Emmanuel Macron. According to the MoU, both sides have agreed to take practical and effective measures for new initiatives regarding both Airbus single-aisle and widebody aircraft. As part of Airbus' objective to reach a global A320 Family production rate of 63 aircraft per month in 2021, the Airbus Tianjin A320 Family Final Assembly Line (FAL Asia) remains on track to ramp up its production to six aircraft per month by the end of 2019, which is a 50% increase compared to its original design. A350 XWB capabilities will be extended into the Airbus Tianjin wide-body Completion and Delivery Centre from the second half of 2020. The C&DC is scheduled to deliver its first A350 aircraft by 2021 from Tianjin. "We attach great importance to our long-term strategic partnership with China and its aviation industry," said Airbus CEO Guillaume Faury. "Airbus is committed to serving this growth sector with the diverse portfolio it has to offer and we are committed to working with our Chinese partners to shape the future of the industry."
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VNTR C | Hot Stocks06:10 EDT Venator retained Citi as advisor to explore potential sale of pigments unit - Simon Turner, President and CEO of Venator, commented: "Following a comprehensive review of our color pigments business, we identified meaningful self-help measures that should improve the annual EBITDA of the business by approximately $10 million, for a similar amount of investment. We also have received inquiries from third parties expressing interest in purchasing this business. In order to maximize value for our shareholders, we have retained Citi as a financial advisor to assist us in exploring a potential sale."
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LL | Hot Stocks06:06 EDT Lumber Liquidators down 2.9% after reporting Q3 results, cutting guidance
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CVIA | Hot Stocks06:06 EDT Covia sees FY19 CapEx $85M-$95M
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IBM BAC | Hot Stocks06:05 EDT IBM, Bank of America team up to launch financial services-ready public cloud - IBM (IBM) announced that it has designed the world's first financial services-ready public cloud. IBM will welcome financial services institutions, and their suppliers, to join the financial services-ready public cloud. Bank of America (BAC) will be a committed collaborator to use the platform built on IBM's public cloud. The Bank will host key applications and workloads to support the requirements and privacy and safety expectations of its 66 million banking customers. "This is one of the most important collaborations in the financial services industry cloud space," said Cathy Bessant, chief operations and technology officer, Bank of America. "This industry-first platform will allow Bank of America to use the public cloud, putting data security, resiliency, privacy and customer information safety needs at the forefront of decision making. By setting a standard that addresses the concern of hosting highly-confidential information, we aim to drive the public cloud to a safety level that is unmatched." The collaboration with IBM marks the next step in Bank of America's seven-year cloud journey. The financial services-ready public cloud is expected to run on IBM's public cloud, which uses Red Hat OpenShift as its primary Kubernetes environment to manage containerized software across the enterprise, and includes more than 190 API driven, cloud native PaaS services to create new and enhanced cloud-native apps.
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AZN | Hot Stocks06:02 EDT AstraZeneca backs $1B China biotech fund for smaller ventures - AstraZeneca announced three large-scale initiatives to build on the company's long-standing commitment to China and advance global research and development for innovative new medicines. Based in the Jing'an district of central Shanghai, the Global R&D Centre will carry out R&D for potential new innovative medicines and more than double AstraZeneca's Shanghai R&D headcount to around 1,000. Its primary focus will be on diseases that are prevalent in China, home to around a quarter of world's disease burden, as well as other parts of Asia. A new AI Innovation Centre, also in Shanghai, will be established to capitalise on the latest digital technology in R&D, manufacturing, operations and commercialisation in order to accelerate the delivery of medicines to patients in China and globally. A dedicated group within the centre will focus on collaboration with technology companies and local start-ups to develop innovative solutions for patients. The agreement with CICC to jointly create the Healthcare Industrial Fund combines the bank's strong investment and capital management experience with AstraZeneca's expertise in healthcare and will seek to drive innovation in China's healthcare system. The fund's target size is $1B and, as a first step, it will support domestic companies and partners including those based in the Wuxi International Life Science Innovation Campus, as well as international companies looking to establish a presence in China. The fund will be the first and largest-scale healthcare industrial fund established by AstraZeneca. Reference Link
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AES... | Hot Stocks06:02 EDT AES Corp. entering 10-year strategic alliance with Google - AES Corporation (AES) announced that it is entering into a 10-year strategic alliance with Google (GOOG, GOOGL) to accelerate the growth and adoption of clean energy by leveraging Google Cloud technology to pioneer innovation in the sector. This alliance builds on the recent agreement between Google and AES to provide long-term renewable power to Google's data center in Chile. The two companies will work together to improve the experience for corporate energy customers and to develop and implement solutions that enable broad adoption of clean energy. AES will collaborate with Google Cloud on energy management and opportunities to sponsor clean energy projects in targeted markets in the United States and Latin America that have the potential to help Google meet its clean energy objectives. As part of this alliance, AES will use Google Cloud technology to help create the grid of the future and improve the experience for energy customers. AES innovation partner, Uplight, will also utilize Google Cloud technology to enhance its end-to-end energy action system, to increase customer satisfaction and reduce carbon emissions. Google Cloud's leading platform, tools and cutting-edge technology will help redefine and improve AES and Uplight's delivery of customer solutions through advanced cloud computing, data analytics, machine learning and artificial intelligence.
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FUN | Hot Stocks05:21 EDT Cedar Fair raises quarterly dividend to 93.5c per share - Cedar Fair also announced the declaration of a quarterly cash distribution of 93.5c per LP unit, to be paid on December 17, to unitholders of record on December 4.
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NNDM | Hot Stocks05:15 EDT Nano Dimension regains compliance with Nasdaq - Nano Dimension announced that it has received notification from the Listing Qualifications Department of The Nasdaq Stock Market that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which concerns minimum bid price listing requirements. As previously announced, Nano Dimension had been notified by Nasdaq that its American Depositary Shares failed to maintain a minimum bid price of $1.00 over 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. On October 22, Nano Dimension effected a ratio change of its ADSs to ordinary shares from each ADS representing five ordinary shares to each ADS representing fifty ordinary shares, which resulted in a 1 for 10 reverse split on the ADR program, in order to regain compliance with the Nasdaq requirement. On November 5, Nasdaq provided confirmation to Nano Dimension that for the last 10 consecutive business days, from October 22 to November 4, the closing bid price of Nano Dimension's ADSs has been at $1.00 per share or greater. Accordingly, Nano Dimension has regained compliance with Listing Rule 5550(a)(2) and this matter is now closed.
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