Stockwinners Market Radar for May 12, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

HOG

Hot Stocks

20:08 EDT Harley-Davidson CEO buys 99K shares of common stock - In a regulatory filing, Harley-Davidson disclosed that its CEO Jochen Zeitz bought 98.9K shares of common stock on May 8th. The total transaction size was $2.1M.
ETH

Hot Stocks

19:57 EDT Ethan Allen CEO buys 30K shares of common stock - In a regulatory filing, Ethan Allen disclosed that its CEO Farooq Kathwari bought 30K shares of common stock on May 12th. The total transaction size was $294K.
VAR

Hot Stocks

19:51 EDT Varian Medical discloses $164M in goodwill impairment charge - As part of its 10-Q filed earlier today, Varian Medical states: "Due to certain indicators identified related to the Company's Interventional Solutions reporting unit in the second quarter of fiscal year 2020, including a significant decrease in near term revenue projections due to COVID-19, the Company identified a triggering event and performed an interim impairment test on its $164.3 million of goodwill in its Interventional Solutions reporting unit, within the Other reportable operating segment. The fair value of the Interventional Solutions' reporting unit was in excess of its carrying value by approximately $20 million, or 7%. Management believes the methodology and assumptions used to calculate the fair value to be reasonable. However, the Interventional Solutions reporting unit could be at risk for a future goodwill impairment if there are adjustments to certain assumptions used in the fair value calculation, including revenue growth rates, operating margins, and weighted-average cost of capital and/or working capital requirements. Given the uncertain impact of COVID-19 and/or other market factors on the Company's business, its cash flow projections for this business could decrease in the future, which could lead to an impairment of goodwill."
CMWAY KKR

Hot Stocks

19:06 EDT KKR to acquire 55% stake in Colonial First State for A$1.7B - Commonwealth Bank of Australia (CMWAY) announced it has entered into an agreement to sell a 55% interest in Colonial First State to KKR (KKR). The transaction implies a total valuation for CFS on a 100% basis of A$3.3B, which will result in CBA receiving cash proceeds of approximately A$1.7B from KKR. The sale price represents a multiple of 15.5x CFS's pro forma net profit after tax of approximately A$200M. The transaction is consistent with CBA's strategy to focus on its core banking businesses and to create a simpler and better bank, while allowing CFS to become a more focussed standalone business and deliver a wide range of benefits for members. KKR expects to make its investment in CFS primarily from its Asian private equity fund. The sale price is estimated to result in a post-tax gain on sale of approximately A$1.5B, which includes estimated post-tax separation and transaction costs for CBA of approximately A$180M. Upon completion, the transaction is expected to deliver an increase of approximately A$1.4B-A$1.9B of Common Equity Tier 1 capital, resulting in a pro forma uplift to the Group's CET1 ratio of approximately 30-40 basis points on an Australian Prudential Regulation Authority basis as at 31 March 2020. The transaction represents the final stage of CBA's previously announced planned exits from various wealth management activities over recent years. The estimated financial impacts of the transaction are subject to the final outcomes relating to the capital structure of CFS at completion, accounting adjustments, taxation impacts and separation costs.
ALC

Hot Stocks

18:59 EDT Alcon cannot provide FY20 guidance due to COVID-19 - The company states: "Due to the uncertain scope and duration of the ongoing COVID-19 outbreak, the Company is unable to provide an estimate for financial results for the full year 2020. The Company is actively managing working capital, cash flow and expenses and prioritizing capital allocation needs to preserve liquidity. In addition, the Company is focused on inventory management and preparing its commercial programs to support customer and patient needs as markets reopen. While second quarter results will be negatively impacted by the health crisis, given the critical nature of eye care, customer demand is expected to resume when underlying conditions normalize and gradually lead to an improvement in the back half of the year."
FB

Hot Stocks

18:58 EDT Facebook removed 4.7M pieces of hate content in first three months of 2020 - Facebook said that, in the first three months of 2020, it we removed about 4.7 million pieces of content on Facebook connected to organized hate, an increase of over 3 million pieces of content from the previous quarter. "Additionally, we increased our proactive detection rate for organized hate, the percentage of content we remove that we detect before someone reports it to us, from 89.6% in Q4 2019 to 96.7% in Q1 2020," the company said in a blog post. "We saw similar progress on Instagram where our proactive detection rate increased from 57.6% to 68.9%, and we removed 175,000 pieces of content in Q1 2020, up from 139,800 the previous quarter. In addition, since we built this system for detecting organized hate content based on what we learned from detecting terrorist content, we've been able to identify where content related to one problem is distinct from the other. For example, we've seen that violations for organized hate are more likely to involve memes while terrorist propaganda is often dispersed from a central media arm of the organization and includes formalized branding. Identifying these patterns helps us continue to fine tune the systems for detecting organized hate and terrorist content." Reference Link
T

Hot Stocks

18:50 EDT AT&T CFO: Moving forward with transformation plans on costs, efficiencies - John Stephens, senior executive vice president and CFO of AT&T spoke at the MoffettNathanson Media & Communications Summit, where he provided an update to shareholders. Stephens discussed AT&T's commitment to its customers and employees during the Coronavirus pandemic. He said it is difficult to predict the length or the depth of the economic impact from the pandemic or its effect on the company's overall business. However, Stephens said that with the resiliency of AT&T's wireless, broadband and enterprise businesses, he has confidence in the company's ability to continue to generate strong cash flow to invest in key capital areas including fiber, 5G and HBO Max, comfortably cover its dividend and pay down debt. Additionally, Stephens said the company is moving forward with its transformation plans on operational costs and efficiencies.
NVAX

Hot Stocks

18:38 EDT Novavax CEO: Our goal is to have a COVID-19 vaccine to scale up - In an interview on CNBC's Mad Money, Stanley Erck said Novavax has made two Coronavirus vaccines over the past seven to eight years. Erck noted the company is using the same platform to discover a COVID-19 vaccine that it has used successfully to treat other infectious diseases. The intention is to have 1B doses of a vaccine by next year. Novavax has raised $300M in the past 60-90 days, according to Erck.
AAPL

Hot Stocks

18:32 EDT Apple director sells 4.5K shares of common stock - In a regulatory filing, Apple disclosed that its Chief Accounting Officer Chris Kondo sold 4.5K shares of common stock on May 8th. The total transaction size was $1.37M.
EQS

Hot Stocks

18:29 EDT Equus Total Return reports net assets of $38.9M as of March 31, 2020 - Equus Total Return, Inc. reports net assets as of March 31, 2020, of $38.9 million, a decrease of approximately $7.1 million since December 31, 2019. Net asset value per share decreased to $2.88 as of March 31, 2020 from $3.40 as of December 31, 2019.
TEN

Hot Stocks

18:02 EDT Tenneco names Dennis Letham as board chairman - Tenneco announced that its board of directors has appointed Dennis Letham, formerly Lead Independent Director, as its new Chairman. Letham succeeds Gregg M. Sherrill, who served as non-executive Chairman of the Board since 2018, and as Chairman for over 10 years after joining Tenneco in January of 2007 as the company's CEO. The appointment is effective immediately. Sherrill will remain a member of the Board and announced that he intends to retire prior to next year's annual meeting of stockholders.
EDUC

Hot Stocks

18:01 EDT Educational Development reports revenue growth in April from UBAM division - Educational Development reports significant revenue growth in April from UBAM division and the repayment of the $1.4M loan drawn pursuant to the Paycheck Protection Program, or PPP, under the Coronavirus Aid, Relief, and Economic Security, or CARES, Act. Randall White, CEO of Educational Development, announced the Company has had significant sales growth in UBAM and repaid the PPP loan. Per White, "During March 2020, our Company's net revenues were down 25% from the same month last year, our warehouse operations and staff were working less than full-time, sales to retail outlets were down 60% and our facility's leasing tenant, whose monthly payment exceeds our mortgage payment, had requested a 90 day lease payment abatement. The impact of these events, along with the uncertainty of future sales volumes, supported our decision to request a loan under the recently announced PPP. However, during April our net revenues rebounded significantly in our direct sales division Usborne Books & More. Our UBAM consultants offer our entire catalog, including award winning books, puzzles and activities to customers. These products have been in increased demand due to the closing of many schools which increased the need for educational materials in homes. Our ability to receive orders online and deliver directly to our customers' homes has resulted in increased revenues. The April net revenues of our UBAM division exceeded 160% of our net revenues in April of last year, and we are continuing to see increased sales this month. In addition, our number of active sales consultants has increased to over 34,000 as 5,000 new consultants joined in April and over 1,200 have joined so far in May." White continued "Because of the recent significant revenue growth, we have determined that the loan received under the Paycheck Protection Program is no longer needed and we have repaid it."
ETSY

Hot Stocks

17:58 EDT Etsy's Reiff sells 8,504 common shares - In a regulatory filing, Etsy director Melissa Reiff disclosed the sale of 8,504 common shares of the company on May 11 at a price of $81 per share.
AMZN

Hot Stocks

17:55 EDT State AGs urge Amazon to bolster worker protections amid pandemic - Massachusetts Attorney General Maura Healey today led a coalition of 13 attorneys general in calling on Amazon and Whole Foods to strengthen measures to protect the health and safety of their workers during the COVID-19 pandemic. In a letter sent to the companies, the attorneys general request updated information on several outstanding issues raised by the coalition in a previous letter sent March 25 that urged the companies to improve their paid leave policies. The letter asks Amazon and Whole Foods to provide the states with details of health and safety measures they have adopted, data about infections and deaths among their workers, evidence of their compliance with state paid sick leave laws, and more. "Amazon and Whole Foods must take every possible step to protect their employees and customers during the COVID-19 pandemic," said AG Healey. "We again call on these companies to provide assurances that they are complying with state laws and federal guidance aimed at keeping essential workers safe during this crisis." The attorneys general write that they are alarmed by recent media reports about the companies that allege inadequate safety measures and sick leave policies, insufficient data about infections and deaths among their workers, and retaliation against workers who call attention to unsafe workplace conditions. Joining AG Healey in sending today's letter are the attorneys general from Connecticut, Delaware, the District of Columbia, Illinois, Maryland, Michigan, Minnesota, New Mexico, New York, Oregon, Pennsylvania, and Washington. Reference Link
GLD

Hot Stocks

17:54 EDT SPDR Gold Shares holdings rise to 1,083.66MT from 1,081.07MT - This is the highest level of holdings since April of 2013.
ABBV

Hot Stocks

17:52 EDT AbbVie director sells 23K shares of common stock - In a regulatory filing, AbbVie disclosed that its director Jeffrey Stewart sold 23K shares of common stock on May 12th. The total transaction size was $2.07M
FB

Hot Stocks

17:51 EDT Facebook's Instagram takes steps to make users feel safe - In a post on its blog page "Today, we're sharing the fifth edition of our Community Standards Enforcement report which tracks our progress to keep Facebook and Instagram safe. In addition to this report, we're announcing new features that mark the continuation of our effort to lead the industry in the fight against online bullying.First, we're launching a new feature to help people manage multiple unwanted interactions at once. We know it can feel overwhelming to manage a rush of negative comments, so we've been testing the ability to delete comments in bulk, as well as block or restrict multiple accounts that post negative comments. Early feedback has been encouraging, and we've found that it helps people, especially with larger followings, maintain a positive environment on their account." Reference Link
RTX LMT

Hot Stocks

17:41 EDT Raytheon, Lockheed Martin joint venture awarded $121.76M contract modification - Raytheon Technologies (RTX) and Lockheed Martin's (LMT) Javelin joint venture was awarded a $121.76M modification to a contract for the Javelin weapon system. Work will be performed in Tucson, Arizona, with an estimated completion date of August 31, 2023. FY19 and FY20 missile procurement funds in the amount of $121.76M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.
WH

Hot Stocks

17:35 EDT Wyndham Hotels & Resorts sets quarterly dividend of 8c vs. 32c in prior quarter - The dividend is payable June 30, 2020 to shareholders of record as of June 15, 2020.
DHR

Hot Stocks

17:33 EDT Danaher directors sell 37K shares and 34K shares of common stock - In regulatory filings, Danaher disclosed that its Chief Accounting Officer Robert Lutz sold 34K shares of common stock and SVP of HR Angela Lalor sold 37K shares of common stock on May 8th.
DHR

Hot Stocks

17:29 EDT Danaher General Counsel sells 2.9K shares of common stock - In a regulatory filing, Danaher disclosed that its General Counsel Brian Ellis sold 2,870 shares of common stock on May 8th. The total transaction size was $469K.
TREE

Hot Stocks

17:29 EDT LendingTree president sells 3,593 common shares - In a regulatory filing, LendingTree president Neil Salvage disclosed the sale of 3,593 common shares of the company on May 8 at a price of $241.23 per share.
BORR

Hot Stocks

17:25 EDT Borr Drilling gets NYSE listing requirement notice - Borr Drilling announced that the company has received written notice from the NYSE that the Company is not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE because the average closing price of its common shares had fallen below $1.00 per share over a period of 30 consecutive trading days. The company has responded to the NYSE to confirm its intent to cure this non-compliance. During this period, the company's common shares will continue to be traded on the NYSE subject to the company's compliance with other applicable NYSE listing requirements.
MYE

Hot Stocks

17:25 EDT Myers Industries CEO Michael McGaugh buys over $303K in company shares - Myers Industries CEO Michael McGaugh disclosed in a filing that he had purchased 25,000 shares of company stock at an average price of $12.14 per share on May 12. The total transaction value of the purchase was $303,500.
STNG

Hot Stocks

17:23 EDT Scorpio Services Holding buys 100K shares of Scorpio Tankers in open market - Scorpio Tankers announced that Scorpio Services Holding Limited, a related party, has purchased 100,000 common shares of the company at an average price of $17.36 per share in the open market. The company currently has 58,672,080 common shares outstanding, of which the Scorpio Group of companies, including SSH, owns 2,657,839 or 4.5%.
PBPB

Hot Stocks

17:15 EDT Potbelly falls 13% after quarterly results, may close up to 100 shops - "Our business now is primarily off-premise. The strategic investments we made last year to improve our digital capabilities are proving critical in this environment and positioning us well during the recovery. They are the major reason our sales comps improved to -45% by the first week of May. Accessibility is key to remaining competitive, and customers can have their food brought to their door, pick up their food at our shops, or have one of our associates bring their order to their car with our new curbside pick-up. DoorDash, Grubhub, and now, UberEats, are valuable delivery partners." "We understand challenges will persist over the next several months, and are taking the necessary steps to support and fortify our business. We are operating with a cash-preservation mindset. In March, we drew down our $40M of available capacity under our revolving credit facility and enacted significant capital and expense reductions. Currently, we are having proactive conversations with our landlords, are considering closing up to 100 shops, and are continuously working to implement ways to work more effectively and efficiently. We have a firm grasp on what we can control within our business," said company management.
ILMN NTRA

Hot Stocks

17:11 EDT Natera, Illumina reach settlement over patent suit in California - According to a regulatory filing, on May 8, 2020, Natera (NTRA) and Illumina (ILMN) reached a settlement with respect to their patent infringement action in the United States District Court for the Northern District of California relating to Illumina's U.S. Patent No. 9,493,831 and Natera's U.S. Patent No. 8,682,592. The Settlement resolves and dismisses all of the claims in the Action which relate to NIPT and pre-implantation genetic screening and diagnosis activities occurring before the date of the Settlement. The Settlement does not impact the ongoing inter partes review proceeding in the United States Patent and Trademark Office, or the pending patent opposition proceedings against European Patent No. 3006573. Natera and Illumina also entered into a License Agreement dated May 8, 2020 pursuant to which, among others, Natera has granted Illumina a non-exclusive, perpetual worldwide license to certain of Natera's intellectual property in the '592 Patent family. The foregoing license is limited to certain uses of massively parallel sequencing in the fields of NIPT and PGS/PGD, and excludes certain approaches. In order to maintain their respective licenses, each party has agreed not to challenge the validity or enforceability of the intellectual property licensed to it, subject in each case to certain customary exceptions. Natera retains the right to use alternative sequencing platforms for NIPT; and Natera may narrow the scope of the Natera Licensed IP if as a result Illumina alleges infringement of Illumina's intellectual property.
FWP

Hot Stocks

17:07 EDT Forward Pharma announces new date for appeal hearing on patent due to COVID-19 - Forward Pharma announced that due to current precautionary measures against the spread of the novel coronavirus, COVID-19, the Technical Board of Appeal of the European Patent Office has rescheduled the oral hearing of the appeal against the decision of the Opposition Division that revoked the EP2801355 patent. The new hearing date is February 2, 2021.
FWP

Hot Stocks

17:01 EDT Forward Pharma says EP2801355 appeal hearing rescheduled to Feb 2 - Forward Pharma A/S announced that due to current precautionary measures against the spread of the novel coronavirus, the Technical Board of Appeal of the European Patent Office has rescheduled the oral hearing of the appeal against the decision of the Opposition Division that revoked the EP2801355 patent. The new hearing date is February 2, 2021.
INFN

Hot Stocks

16:58 EDT Infinera falls 11.9% to $5.11 per share after Q1 earnings miss
SNX

Hot Stocks

16:50 EDT Synnex up 5% to $88.00 after Q2 EPS guidance beats estimates
MSA

Hot Stocks

16:46 EDT MSA Safety raises quarterly dividend to 43c per share - Payable June 10 to shareholders of record on May 22. Combined with the company's first quarter dividend, this represents a 4% increase on an annual basis compared to 2019.
SNX

Hot Stocks

16:42 EDT Synnex CFO says increased liquidity without raising additional capital - "We have maintained disciplined capital management throughout the pandemic and have increased our liquidity position to nearly $2 billion, without raising additional capital," said Marshall Witt, SYNNEX CFO. "We believe that our strong balance sheet will enhance our ability to successfully navigate through this challenging market backdrop."
ARPO GOSS

Hot Stocks

16:42 EDT Aerpio amends licensing pact with Gossamer Bio on IBD candidate - Aerpio Pharmaceuticals (ARPO) announced a restructuring of their licensing deal with a wholly owned subsidiary of Gossamer Bio (GOSS), for its HIF-1 alpha stabilizer, GB004. The terms of the amended agreement include a $15 million immediate payment to Aerpio and a total of $90 million in milestone payments related to regulatory approvals and commercial sales. In addition, Aerpio is also eligible to receive tiered royalties on sales of licensed products at percentages ranging from the low to mid-single digits. The deal continues the collaboration between Gossamer Bio's strong gastrointestinal ("GI") development team and Aerpio's management team. Joseph Gardner, PhD, Aerpio's President and Founder, commented, "We are excited about continuing our relationship with Gossamer Bio as they advance GB004 with their experienced team in GI drug development. The renegotiated licensing deal is intended to place Gossamer Bio in a better position to progress GB004, and in addition, is designed to facilitate the further development of each company's respective pipelines." Additional details of the amended agreement are summarized in an 8-K filing dated May 12, 2020.
DLA

Hot Stocks

16:42 EDT Delta Apparel extends CEO Robert Humphreys contract by two years - Delta Apparel announced a two-year extension of the employment contract with its chairman and CEO, Robert Humphreys. His employment will now expire with the filing of the annual report on Form 10-K for FY22. Humphreys joined the company in 1998 as CEO and became chairman of the board in 2009.
EDAP

Hot Stocks

16:38 EDT EDAP in exclusive global distribution pact with Exact's for diagnostic devices - EDAP announced that the company has signed an exclusive worldwide distribution agreement with Exact Imaging, a developer of high resolution micro-ultrasound imaging technologies. Under the terms of the agreement, EDAP will market Exact Imaging's micro-ultrasound diagnostic devices alongside its Focal One high intensity focused ultrasound (HIFU) treatment solution. The combination of these technologies represents the most complete end-to-end solution, from diagnosis through treatment, available to urologists. Marc Oczachowski, Chairman and Chief Executive Officer of EDAP, commented: "We are very excited to announce this exclusive worldwide partnership with Exact Imaging. Integrating their ExactVu diagnostic device with our range of innovative and state of the art product lines at a global distribution level will allow us to continue to drive growth in our distribution business, which has grown by more than 200% over the past five years. In addition to being a great stand-alone product and a unique ultrasound solution, clinical studies have reported a diagnostic accuracy similar to MRI in identifying prostate cancer. Further, a recently published study observed an improvement in diagnostic accuracy when ExactVu micro-ultrasound was added to MRI. ExactVu has a number of synergies with Focal One, and the combination of both makes EDAP the only company able to offer a complete solution from diagnostic to treatment for the focal management of prostate cancer. We are eager to commence this partnership and look forward to leveraging the combination of these two leading technologies to drive HIFU adoption and growth."
ISR

Hot Stocks

16:38 EDT IsoRay announces CMS approval for 64 Cesium-131 reimbursement billing codes - Isoray announced that the Centers for Medicare and Medicaid Services, or CMS, has approved 64 ICD-10-PCS billing codes used for reimbursement of Cesium-131 for the hospital in-patient DRG setting. The codes allow hospitals to bill Medicare and other health insurers for specific surgical procedures that would benefit from the addition of Cesium-131. DRG or diagnostic related groups are designed for Medicare and other health insurers to set payment levels for hospital in-patient services. The 64 ICD-10-PCS codes are important for the growing surgical applications of Cesium-131 in treating a significant range of hard to treat cancers including brain, lung, head and neck, abdominal, breast, gynecological, pelvic, and colorectal cancers. The new codes take effect on October 1. Isoray is the world's only supplier of Cesium-131. Brachytherapy with Cesium-131 seeds is high energy with a short half-life. Cesium-131's energy is powerful, allowing it to attack the cancer being treated. Its short half-life means the radiation delivers its treatment dose quickly reducing other issues for the patient that can come from prolonged radiation exposure. Unlike external beam radiation, Cesium-131 internal radiation therapy is able to deliver a precise dosage and placement of Cesium-131 seeds avoiding healthy tissues and organs.
ERA

Hot Stocks

16:35 EDT Era Group's Chris Bradshaw to become CEO of combined entity - Bristow Group and Era Group announced the new global organization structure and the selection of the executive leadership team that will help create a financially stronger industry leader in offshore helicopter transportation and search and rescue services. The structure and executive appointments will be effective upon the close of the transaction and approval by the Board of Directors, currently scheduled for mid-June 2020."This new organizational structure and executive team will help position the combined Company to navigate market challenges while better serving our customers with more efficient operations," said Chris Bradshaw, President and CEO of Era and who will lead the new combined Company. Under this new structure, the executive leadership team will include: Chris Bradshaw, currently serving as President and Chief Executive Officer for Era, will become the President and CEO for the combined Company, which will maintain the Bristow name. David Stepanek will become Executive Vice President, Chief Operating Officer for the combined Company. In this role, Stepanek will have responsibility for global operations through each of the area managers including flight operations, maintenance, service delivery, supply chain management, training and information technology.
UNFI

Hot Stocks

16:33 EDT United Natural Foods withdraws FY20 guidance - UNFI is withdrawing its prior fiscal FY20 guidance based on the strength of its FY20 year-to-date financial performance. The Company plans to provide updates to its full year guidance when it reports final Q3 results in early June.
MSM

Hot Stocks

16:32 EDT MSC Industrial reports April net sales $235.5M - MSC Industrial announced preliminary, unaudited fiscal April 2020 month and first two fiscal months net sales results. Total net sales for the fiscal month of April (the second month of the company's fiscal third quarter) were $235.5M, a decrease of 10.5% compared to the same period in the prior fiscal year. Combined net sales for the fiscal months of March and April (the first two months of the company's fiscal third quarter) were $565.4M, a decrease of 7.8% compared to the same period in the prior fiscal year. As previously announced, the company experienced an unusually large gap between bookings (or orders) and what was invoiced in fiscal March 2020. This trend continued through fiscal April 2020, with bookings increasing at a double-digit pace over the prior year period due to the continuing surge in large safety and janitorial orders, scarcity of product and longer lead times. Order backlog increased substantially versus the prior year period and is well above $100M. The company anticipates many of these bookings to invoice in fiscal May and the fourth quarter of fiscal 2020. During fiscal April, the company's non-safety and janitorial product lines saw a significant decline versus the prior year due to the impact of prolonged customer shutdowns and world-wide efforts to control COVID-19. Lastly, the company has seen solid gross margins through fiscal March and fiscal April on strong realization of its mid-year price increase, as well as initial results from the supplier initiatives announced earlier in the fiscal year.
ALGT

Hot Stocks

16:29 EDT Allegiant Travel sees Q2 cash burn $2.1M per day, Q3 cash burn $1.5M per day - Cash burn assumes gross bookings for 2Q average $750,000 per day. 3Q cash burn is expected to be $1.5M per day assuming gross bookings average $750,000 per day.
PGNY

Hot Stocks

16:26 EDT Progyny provides business update amid COVID-19 pandemic - American Society for Reproductive Medicine updated its guidelines on April 24, which were then reaffirmed on May 11, providing fertility clinics with a path for the safe and gradual resumption of patient care. Additionally, many state and local governments have begun to ease stay-at-home orders, as well as allow for the resumption of non-emergent medical procedures. "Over the last few weeks, we have begun to see a week-to-week acceleration in both the volume of patient appointments as well as the dispensing of fertility medications. This acceleration demonstrates that members are anxious to return to treatment and is evidence that the pause they have endured in their treatment hasn't dimmed their desire to achieve their family-building goals. If access to care continues to improve as currently anticipated, we would expect our minimum second quarter results to be at least $45 million in revenue, $4.2 million in net loss, and $(1.3) million in Adjusted EBITDA1," said Schlanger. "Relative to other areas of the economy that have been significantly affected by COVID-19, we believe Progyny's business will recover more quickly. We have been shielded from the worst impacts of the historic levels of unemployment due to the composition of our client base, and our 2.1 million members as of March 31st remain intact as of today." Although the volume of appointments has been accelerating, significant uncertainty remains as to the timing of the resumption of services at network clinics, as well as how long it will take both clinics and patients to return to normal practice volumes and member utilization levels. Consequently, the company is not in a position to provide full year financial guidance at this time.
VEC

Hot Stocks

16:23 EDT Vectrus backs FY20 net cash from operating activities $45M-$55M
MYL GILD

Hot Stocks

16:19 EDT Mylan to supply investigational antiviral remdesivir for COVID-19 treatment - Mylan (MYL) announced, as part of its ongoing efforts to support patients and public health needs during the COVID-19 pandemic, a global collaboration with Gilead Sciences (GILD) to expand access to the investigational antiviral remdesivir for the potential treatment of COVID-19. Under the terms of the license agreement signed with Gilead, Mylan has rights to manufacture and distribute remdesivir in 127 low- and middle-income countries, including India. The agreement is non-exclusive, allowing for multiple licensees to ensure extensive access to this treatment, once approved as safe and effective for COVID-19 patients. "To ensure preparedness in this critical time of need, Mylan is confident it will be able to develop a bioequivalent version of remdesivir, including production of its own active pharmaceutical ingredient and the finished dosage form in sterile powder lyophilized vials for administration of the medicine by intravenous infusion. We will be in a position to provide product in the coming months, subject to reviews by national regulatory bodies and the Prequalification Program of the World Health Organization."
VEC

Hot Stocks

16:17 EDT Vectrus reports total backlog $4.1B - Total backlog in the quarter ended April 3 was $4.1B and funded backlog was $1.1B. The trailing twelve-month book-to-bill was 1.5x as of April 3. "Backlog grew 48% sequentially to a record $4.1 billion and drove a 1.5x trailing twelve-month book-to-bill ratio," said CFO Lynch. "The size of our backlog is an attractive attribute of our business, representing 2.7 times the midpoint of our 2020 full year revenue guidance, providing visibility into the remainder of the year and beyond."
HLI

Hot Stocks

16:16 EDT Houlihan Lokey says Q4 revenues were negatively impacted by COVID-19 - "The COVID-19 pandemic has had a substantial negative effect on the global markets, and has created uncertainty, volatility and dislocation among a wide variety of sectors," the company said. "The scale, scope and duration of the impact of the COVID-19 pandemic on our business, revenues and operating results is unpredictable and depends on many factors outside of our control. We note that revenues during the fourth quarter ended March 31, 2020 were negatively impacted by the COVID-19 pandemic and we expect it to continue to have an adverse effect on our business, revenues and operating results in the short term. However, while our CF revenues will be adversely impacted for an indeterminable period of time by the economic effects of COVID-19, we have seen an increase in the demand for services in our FR business."
MN

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16:13 EDT Manning & Napier reports preliminary AUM $18B as of April 30 - Compared with $17.1B at March 31.
TMO

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16:13 EDT Thermo Fisher: FDA further expands EUA for multiplex real-time PCR test - Thermo Fisher announced that the U.S. FDA has further expanded emergency use authorization for its multiplex real-time PCR test intended for the qualitative detection of nucleic acid from SARS-CoV-2, the virus that causes COVID-19.
AVNW

Hot Stocks

16:12 EDT Aviat Networks on track to deliver FY20 Adjusted EBitda of $11M-$12M - The company said, "We remain on track to meet our guidance and deliver between $11M-$12M of Adjusted EBITDA this fiscal year, with our eyes set on both top- and bottom-line growth next fiscal year. There are a lot of changes underway now and more to come that should open up new revenue streams and drive profitability which in turn, should lead to increased shareholder value."
METC

Hot Stocks

16:11 EDT Ramaco Resources suspends production guidance - Michael Bauersachs, Ramaco Resources' President and CEO commented, "Echoing Randy's comments, given current market uncertainty, Ramaco is suspending production guidance other than continuing to provide current sales commitments. To that end, I would remind everyone that we made a strategic decision in the second half of 2019 to lock in domestic sales for the majority of our planned 2020 volumes at levels above current spot prices. It was clear last fall that the market was trending into a decline. We believe that we made the right decision to reduce our exposure to index-based seaborne pricing for 2020." Bauersachs continued, "In the medium- to long-term, we remain confident that the global supply/demand balance of high quality metallurgical coal will remain tight. This is especially true in light of the lack of capital available to the space, as well as the likelihood that some high cost producers with too much debt will not survive the current downturn. To that end, I am extremely excited with the appointment of Jason T. Fannin as Senior Vice President and Chief Marketing Officer. Fannin brings to Ramaco more than two decades of coal sales and marketing experience, and is regarded as one of the top marketing executives in the industry. He will join Kevin Karazsia to provide what we believe will be one of the strongest sales teams in the industry."
ADPT

Hot Stocks

16:10 EDT Adaptive Biotechnologies withdraws its previously announced guidance
IAA

Hot Stocks

16:08 EDT IAA announces interact merchandising platform in the U.S. - IAA announced the introduction of IAA Interact, the industry's first comprehensive merchandising platform combining imagery, information and personalization. The platform engages buyers with detailed vehicle information while driving a more competitive bidding environment and higher proceeds for sellers. IAA Interact was designed using extensive e-commerce merchandising research to drive increased online bidding and buying. The platform engages buyers with a vehicle digitally through unique, multiple touch points that provide the details needed to make confident online bidding and buying decisions. The Interact tools and features provide buyers with an unmatched research process, improved purchasing guidance and greater trust. "High resolution images, panoramic video, and in-depth product information are fundamental to a successful ecommerce strategy," commented Justin Mahlik, Senior Vice President of Buyer Development and Innovation for IAA. "As a technology company, we understand that offering limited static images and basic vehicle information is an extremely outdated way to market a vehicle. IAA Interact provides online buyers with an immersive experience that mimics being physically present with the vehicle, resulting in increased trust, bidding and buying activity."
NVST

Hot Stocks

16:08 EDT Envista is not providing further guidance - As disclosed in a Form 8-K filed April 2, Envista has withdrawn its guidance for 2020 due to the uncertainties surrounding the current operating environment and the unknown duration of the COVID-19 global health pandemic. The Company is not providing further guidance at this time.
SWAV

Hot Stocks

16:07 EDT ShockWave Medical withdraws its previously announced guidance due to COVID - Shockwave Medical withdrew its previously announced annual guidance for 2020 on April 6, 2020. The COVID-19 pandemic reduced IVL catheter sales toward the end of the first quarter of 2020 and is continuing to adversely impact sales in the second quarter of 2020. The pandemic could also significantly impact the financial health of our customers which could pressure hospital spending and impact pricing. As a result of these factors as well as the uncertain scope and duration of the COVID-19 pandemic, and uncertain timing of global recovery, we cannot, at this time, reliably estimate the future impact on IVL catheter sales, and in turn, our operations and financial results.
EGHT

Hot Stocks

16:06 EDT 8x8, Inc, Virgin Media to partner on voice and comms - 8x8, Inc. (EGHT) announced a partnership with Virgin Media Business, in a deal that "will allow Virgin Media Business to extend its Voice and Unified Comms portfolio, providing Public Sector, Enterprise and SME customers with a host of new cloud-based and fully-integrated communications tools from 8x8 covering voice, video, chat and contact centre solutions. Joining forces with 8x8 enables Virgin Media Business to tap into the rapidly growing cloud communications market and provide clients with a single-platform solution. 8x8's unique technology stack offers a whole host of rich features, without the challenges that on-premises equipment often presents, enabling staff to collaborate faster and work smarter wherever they are. The fully global communications platform supports enterprise-class API solutions and allows Virgin Media Business' customers the ability to add new functionality with ease. By moving to cloud based communications services, businesses will be able to reduce their capital expenditure and move towards a future-proof communications platform designed to scale with their business. Under the partnership, Virgin Media Business and 8x8 will work together to configure and rollout integrated cloud services and provide 24/7 support for customers."
ALGT

Hot Stocks

16:05 EDT Allegiant Travel reports Q1 TRASM down 13.4% - Airline only CASM, excluding fuel increased 1.7% on capacity growth of 4%; CASM, excluding fuel had been on track to be down 2.0% on capacity growth of 16% prior to COVID-19 scheduling changes.
VREX

Hot Stocks

16:04 EDT Varex Imaging withdraws FY20 guidance - The company states: "The unprecedented nature of the COVID-19 pandemic and its impact on the global economy has created a disruption to Varex's business which includes significant uncertainty in demand for certain products for medical and industrial applications, as well as increased variability in its supply chain and manufacturing productivity. The company expects this uncertainty to continue for at least the remainder of the current fiscal year. As a result, Varex is withdrawing its previously issued guidance for fiscal year 2020. Further, due to the unpredictability of when and how strong a global economic recovery may be, the company has been implementing actions to reduce its expenses and cash disbursements, some of which were previously disclosed in Varex's Form 8-K dated April 10, 2020. The company continues to evaluate and implement additional cost reduction measures."
AMZN...

Hot Stocks

15:13 EDT AMC Networks jumps after CTFN says sale being explored - Shares of AMC Networks (AMCX), the operator of a flagship cable network as well as other smaller television channels, is rising in afternoon trading after CTFN's Diane Alter reported that she was told by a banker and lawyer claiming to be familiar with the matter that the company is running a process to sell itself. The lawyer she spoke with downplayed the idea that Amazon (AMZN) is interested in buying theater chain AMC Entertainment (AMC), as previously reported this weekend by the Daily Mail, and suggested that "wires were crossed" and Amazon may be involved in the AMC Networks sale process, according to Alter's report. However, she cautioned that "beyond those two people claiming knowledge, it could not be separately confirmed whether AMC Networks is running a process, nor whether Amazon is involved." Following CTFN's report, shares of AMC Networks halted for volatility and then reopened. The stock is up $4.70, or 18.6%, to $30.04 in afternoon trading. Reference Link
AMCX

Hot Stocks

15:08 EDT AMC Networks trading resumes
AMCX

Hot Stocks

15:05 EDT AMC Networks up 13% following report of sale process
AMCX

Hot Stocks

15:03 EDT AMC Networks trading halted, volatility trading pause
CCL CUK

Hot Stocks

14:59 EDT Carnival reports planned departures of Holland America, Seabourn presidents - Carnival Corporation announced that Richard Meadows will be retiring from Seabourn, the ultra-luxury brand in the Carnival Corporation family of brands, at the end of May. Meadows is currently president of Seabourn and has held this position since 2011, the company noted. Separately, Holland America Line President Orlando Ashford announced that he will be leaving the company at the end of May. Ashford, who heads the premium cruise line within the Carnival Corporation family of brands, has been at the company for nearly five and half years and "led a rejuvenation of the brand," the company stated.
NKLA VTIQ

Hot Stocks

14:48 EDT Nikola CEO says VectoIQ merger vote planned for June 2 - Trevor Milton, CEO of Nikola Motor Company, tweeted: "@nikolamotor and $VTIQ Merger vote planned June 2nd! That date can change but it is the expected date as of now. I appreciate everyone who has believed in us. I can't wait for the merger to complete and the ticker to be changed to $NKLA" Reference Link
NTAP MSFT

Hot Stocks

14:26 EDT NetApp names Microsoft's Cesar Cernuda as president - NetApp (NTAP) announced the appointment of Cesar Cernuda as president, effective in July. Cernuda will lead the company's global go-to-market operations spanning sales, marketing, services, and support. Cernuda joins NetApp from Microsoft (MSFT), where he was president of Microsoft Latin America and corporate vice president of Microsoft.
SUPN

Hot Stocks

14:18 EDT Supernus delays filing of quarterly report - In a regulatory filing, Supernus Pharmaceuticals reported that it is unable to file, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. The company requires additional time to complete additional documentation regarding the change in estimate on product returns and therefore for the company's independent registered public accounting firm to complete their review procedures on the Form 10-Q. The company does not anticipate any changes to the financial results attached to the Form 8-K filed with the Securities and Exchange Commission on May 7, Supernus noted. It is anticipated that the Form 10-Q will be filed on or before the 5th calendar day following the prescribed due date of the Form 10-Q, the company said.
CHK

Hot Stocks

14:16 EDT Chesapeake slides as oil company considers bankruptcy, strategic alternatives - Shares of Chesapeake Energy (CHK) are under pressure on Tuesday after the company warned that it might not be able to stay in business amid low commodity prices caused by a global price war and depressed demand due to the COVID-19 pandemic. EVALUATING STRATEGIC ALTERNATIVES: On Monday, Chesapeake Energy announced that it filed its Form 10-Q for the three-month period ended March 31, 2020 and, in light of the unprecedented market environment, has withdrawn the financial outlook it previously provided on February 26, 2020. The company also reinstated a "going concern" warning. "Fluctuations in oil and natural gas prices have a material impact on our financial position, results of operations, cash flows and quantities of oil, natural gas and NGL reserves that may be economically produced. Historically, oil and natural gas prices have been volatile; however, the volatility in the prices for these commodities has substantially increased as a result of COVID-19 and the OPEC+ decisions [...] If the current depressed prices persist, combined with the scheduled reductions in the leverage ratio covenant and an expected significant reduction in our borrowing base in our scheduled determination, then our liquidity and our ability to comply with our financial covenants during the next 12 months will be adversely affected," Chesapeake said in the filing. "Based on our current forecast, we do not expect to be in compliance with our financial covenants beginning in the fourth quarter of 2020. Failure to comply with these covenants, if not waived, would result in an event of default under our revolving credit facility, the potential acceleration of outstanding debt thereunder and the potential foreclosure on the collateral securing such debt, and could cause a cross-default under our other outstanding indebtedness. As a result of the impacts to the company's financial position resulting from declining industry conditions and in consideration of the substantial amount of long-term debt outstanding, the company has engaged advisors to assist with the evaluation of strategic alternatives, which may include, but not be limited to, seeking a restructuring, amendment or refinancing of existing debt through a private restructuring or reorganization under Chapter 11 of the Bankruptcy Code. However, there can be no assurances that the company will be able to successfully restructure its indebtedness, improve its financial position or complete any strategic transactions. As a result of these uncertainties and the likelihood of a restructuring or reorganization, management has concluded that there is substantial doubt about the company's ability to continue as a going concern." REVERSE STOCK SPLIT: Chesapeake stock has lost about 50% since a 1-for-200 reverse stock split took effect after the close of trading on April 14, according to MarketWatch's Tomi Kilgore. The company had implemented the reverse split to raise its share price enough to regain compliance with listing standards, but it was viewed as validation of investor concerns as the company struggled with falling commodities prices, high debt levels and the effects of the COVID-19 pandemic, the author added. PRICE ACTION: In afternoon trading on Tuesday, shares of Chesapeake have dropped almost 22% to $10.13.
TSLA

Hot Stocks

14:10 EDT Musk twitter thanks Trump for support on factory opening - Tesla CEO Elon Musk said "Thank you!" to President Trump on Twitter for his tweet saying California should let the company open its plant in California "NOW."
WMT

Hot Stocks

14:08 EDT Walmart to pay another bonus of up to $300 to U.S. hourly employees - Walmart announced plans to provide another special cash bonus for all U.S. hourly associates to recognize them for their many contributions to communities across the country during this unprecedented time. This includes hourly associates in stores, clubs, supply chain and offices, drivers, and assistant managers in stores and clubs. The bonus will be $300 for full-time hourly associates and $150 for part-time hourly and temporary associates, and will add up to more than $390M. Associates must be employed by the company as of June 5 to qualify, and it will pay out on June 25. "Walmart and Sam's Club associates continue to do remarkable work, and it's important we reward and appreciate them," said John Furner, President and CEO of Walmart U.S. "All across the country, they're providing Americans with the food, medicine and supplies they need, while going above and beyond the normal scope of their jobs - diligently sanitizing their facilities, making customers and members feel safe and welcome, and handling difficult situations with professionalism and grace." With today's associate bonus announcement of $390M, Walmart has committed more than $935M in bonuses for associates so far this year. Reference Link
CWK

Hot Stocks

14:07 EDT Cushman & Wakefield completes sale of Techwood Business Center - Cushman & Wakefield announced the completed $90,500,000 sale of Techwood Business Center, a six-building, 648,173-square-foot portfolio strategically located in the Baltimore Commons Business Park, one of the most well-established industrial parks in the Corridor. Techwood Business Center's location provides immediate access to the region's transportation arteries (I-95, I-295, I-97) and offers a rare combination of scale and functionality in one of the highest performing supply-constrained markets in the country. "This generational industrial offering received tremendous interest from national and international investors. An e-commerce company emerged as the winning bidder in an extremely competitive sales process due to their strategic interest in this business park and the Baltimore-Washington region," said Jonathan M. Carpenter, executive managing director of Cushman & Wakefield's Baltimore capital markets team.
GILD MYL

Hot Stocks

14:05 EDT Gilead signs remdesivir licensing deals with Mylan, four other manufacturers - Gilead (GILD) said it has signed non-exclusive voluntary licensing agreements with five generic pharmaceutical manufacturers based in India and Pakistan to further expand supply of remdesivir. The agreements allow the companies - Cipla Ltd., Ferozsons Laboratories, Hetero Labs., Jubilant Lifesciences and Mylan (MYL) - to manufacture remdesivir for distribution in 127 countries. "The countries consist of nearly all low-income and lower-middle income countries, as well as several upper-middle- and high-income countries that face significant obstacles to healthcare access," Gilead said in a statement. Under the licensing agreements, the companies have a right to receive a technology transfer of the Gilead manufacturing process for remdesivir to enable them to scale up production more quickly. The licensees also set their own prices for the generic product they produce. The licenses are royalty-free until the World Health Organization declares the end of the Public Health Emergency of International Concern regarding COVID-19, or until a pharmaceutical product other than remdesivir or a vaccine is approved to treat or prevent COVID-19, whichever is earlier. Reference Link
GOOG...

Hot Stocks

13:43 EDT Grow with Google launches OnAir for career skills training online - Jesse Haines Director, Grow with Google (GOOG,GOOGL) wrote in an earlier blog post: "Since Grow with Google launched in 2017, we've traveled across all states, from Alaska to Florida, to help Americans get the digital skills they need to succeed. Along the way, we've partnered with local libraries, schools and nonprofits to offer free tools and training to help people get the right skills to find jobs they want, advance their careers and grow their businesses. We've also established a homebase, opening the Grow with Google New York City Learning Center in 2019 to offer free workshops and events to the community six days a week...Today, we're launching Grow with Google OnAir, where Grow with Google's free programming will be online and available to everyone in the U.S. and Canada for the first time. We'll offer digital skills training, interviews with career experts and programming from partners including Merit America and the National Congress of American Indians. Topics will include "How to manage your business remotely in times of uncertainty" and "How to improve your resume with four practical strategies." The Fly notes that Microsoft's (MSFT) Linkedin offers professional development. Reference Link
GRUB

Hot Stocks

13:40 EDT GrubHub trading resumes
GRUB UBER

Hot Stocks

13:29 EDT GrubHub does not deny Uber takeover talks in statement - In a statement following press reports that Uber Technologies (UBER) approached it with a takeover offer, GrubHub (GRUB) said, "While our policy remains to not comment on specific market rumors, we want to reiterate our views with respect to M&A-related matters given the current level of recent speculation. We remain squarely focused on delivering shareholder value. As we have consistently said, consolidation could make sense in our industry, and, like any responsible company, we are always looking at value-enhancing opportunities. That said, we remain confident in our current strategy and our recent initiatives to support restaurants in this challenging environment." Shares of GrubHub halted for news after jumping 36.5% t $63.87.
GRUB UBER

Hot Stocks

13:27 EDT GrubHub does not confirm or deny Uber talks in statement
Z ZG

Hot Stocks

13:27 EDT Zillow down over 8% after common stock, convertible debt pans - Shares of Zillow are falling approximately 8% or $4.53 to $51.24 per share in afternoon trading on Tuesday after the online real estate services company announced plans to raise $1B through stock and convertible debt offerings. Zillow announced earlier that it intends to commence a concurrent underwritten public offerings of $500M in shares of its Class C capital stock and $500M aggregate principal amount of its convertible senior notes due 2025.
GRUB UBER

Hot Stocks

13:26 EDT GrubHub says consolidation 'could make sense in our industry'
GRUB

Hot Stocks

13:26 EDT GrubHub says 'squarely focused on delivering shareholder value'
ATCX

Hot Stocks

13:03 EDT Atlas Technical Consultants appoints David Quinn as CFO - Atlas Technical Consultants announced changes to their Finance and Accounting Organization. David Quinn, Sr. has been appointed CFO, effective May 12, 2020. Quinn has served as Atlas' EVP of Corporate Affairs since September 2019. Quinn will succeed Walter Powell, who will relinquish his previous dual roles as CFO & Chief Accounting Officer and retain his role as CAO.
GRUB

Hot Stocks

13:01 EDT GrubHub trading halted, news pending
OSTK

Hot Stocks

12:51 EDT Overstock.com retail sales up over 130% year-over-year quarter-to-date - Overstock.com disclosed in its annual stockholders meeting slides that the company's retail sales are up over 130% year-over-year quarter-to-date. New customer growth is up 85% year-to-date, the company added. The stock in afternoon trading is up 12% to $19.69.
MS

Hot Stocks

12:16 EDT Morgan Stanley to pay $5M penalty to settle SEC charges on retail wrap fees - The Securities and Exchange Commission announced that Morgan Stanley Smith Barney,MSSB, has agreed to settle charges that it provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs. MSSB has agreed to pay a $5M penalty that will be distributed to harmed investors. Wrap fee programs offer accounts in which clients pay an asset-based "wrap fee" that covers investment advice and brokerage services, including trade execution. According to the SEC's order, MSSB marketed its wrap fee accounts as offering clients professional investment advice, trade execution, and other services within a "transparent" fee structure. From at least October 2012 until June 2017, some of MSSB's marketing and client communications gave the impression that wrap fee clients were not likely to incur additional trade execution costs. During that period, however, the order finds that some MSSB managers routinely directed wrap fee clients' trades to third-party broker-dealers for execution, which in some instances resulted in MSSB clients paying additional transaction fees that were not visible to them. As a result of MSSB's conduct, the order finds that certain MSSB clients were unable to assess the value of the services received in exchange for the wrap fee paid to MSSB. "Investment advisers are obligated to fully inform their clients about the fees that clients will pay in exchange for services," said Melissa R. Hodgman, Associate Director in the SEC's Division of Enforcement. "The SEC's order finds that Morgan Stanley Smith Barney failed to provide certain clients in its retail wrap fee programs accurate information about the costs they incurred for the services they received."Reference Link
WMT

Hot Stocks

12:12 EDT Walmart announces additional special cash bonuses for hourly associates - Walmart announced plans to provide another special cash bonus for all U.S. hourly associates to recognize them for their many contributions to communities across the country during this unprecedented time. This includes hourly associates in stores, clubs, supply chain and offices, drivers, and assistant managers in stores and clubs. The bonus will be $300 for full-time hourly associates and $150 for part-time hourly and temporary associates, and will add up to more than $390M. Associates must be employed by the company as of June 5 to qualify, and it will pay out on June 25. With the associate bonus announcement of $390M, Walmart has committed more than $935M in bonuses for associates so far this year.
WTRH...

Hot Stocks

12:09 EDT Waitr Holdings jumps about 20% following reports on GrubHub talks with Uber - Shares of Waitr Holdings (WTRH) are up 57c, or 18%, to $3.68 after Bloomberg and The Wall Street Journal each reported that Uber Technologies (UBER) has made an offer to acquire rival food delivery service GrubHub (GRUB). Waitr, like GrubHub and Uber Eats, competes in the food delivery space.
RCII AAN

Hot Stocks

12:04 EDT FTC approves final orders settling charges against Rent-A-Center, Aaron's - The Federal Trade Commission has approved final orders settling charges that rent-to-own operators Aaron's (AAN), Buddy's Newco, and Rent-A-Center (RCII) negotiated and executed reciprocal purchase agreements in violation of federal antitrust law. The final orders prohibit the three RTO companies and their franchisees from entering into any reciprocal purchase agreement or inviting others to do so, and from enforcing the non-compete clauses still in effect from the past reciprocal purchase agreements, among other requirements. The Commission vote to approve the final orders was 3-2. Reference Link
VERU

Hot Stocks

12:03 EDT Veru gets FDA agreement to begin Phase 2 study of VERU-111 for COVID-19 - Veru announced that it has received FDA permission to initiate a Phase 2 clinical trial to assess the efficacy of VERU-111, a microtubule depolymerization agent, in combating COVID-19, the global pandemic disease caused by the novel coronavirus SARS-CoV-2. VERU-111 is an oral, first-in-class microtubule depolymerization agent that targets the colchicine binding site of a and b tubulin subunits to inhibit microtubules and is currently under clinical development in prostate cancer. Drugs that target microtubules have broad antiviral activity by disrupting the intracellular transport of viruses such as SARS CoV-2, along microtubules. Microtubule trafficking is critical for viruses to cause infection. Furthermore, microtubule depolymerization agents that target a and b tubulin subunits of microtubules also have strong anti-inflammatory effects including the potential to treat the cytokine release syndrome, cytokine storm, induced by the SARS-CoV-2 viral infection that seems to be associated with high COVID-19 mortality rates. The Company met with FDA and received agreement on the clinical development program for VERU-111 as a potential dual antiviral and anti-inflammatory agent to combat COVID-19 under the new FDA program--Coronavirus Treatment Acceleration Program, CTAP. The Phase 2 clinical trial is a double-blind randomized (1:1) placebo-controlled trial evaluating daily oral doses of VERU-111 versus placebo for 21 days in 40 hospitalized patients (VERU-111 20 subjects and placebo 20 subjects) who tested positive for the SARS-CoV-2 virus and are at high risk for Acute Respiratory Distress Syndrome (ARDS). The primary efficacy endpoint will be the proportion of patients that are alive and without respiratory failure at Day 29. Secondary endpoints include the measured improvements on the WHO Disease Severity Scale which captures COVID-19 disease symptoms and signs including hospitalization to progression of pulmonary symptoms to mechanical ventilation as well as death. The study is expected to commence in the next 2 weeks.
UGAZ

Hot Stocks

12:00 EDT VelocityShares 3x Long Natural Gas ETN falls -13.9% - VelocityShares 3x Long Natural Gas ETN is down -13.9%, or -$3.29 to $20.35.
EB

Hot Stocks

12:00 EDT Eventbrite falls -20.2% - Eventbrite is down -20.2%, or -$2.13 to $8.40.
CHK

Hot Stocks

12:00 EDT Chesapeake falls -21.4% - Chesapeake is down -21.4%, or -$2.77 to $10.13.
LDL

Hot Stocks

12:00 EDT Lydall rises 23.0% - Lydall is up 23.0%, or $2.50 to $13.35.
VEDL

Hot Stocks

12:00 EDT Vedanta rises 24.5% - Vedanta is up 24.5%, or $1.01 to $5.14.
GRUB

Hot Stocks

12:00 EDT GrubHub rises 25.8% - GrubHub is up 25.8%, or $12.07 to $58.86.
GRUB...

Hot Stocks

11:12 EDT GrubHub jumps 25% after Bloomberg says Uber made takeover offer - Shares of GrubHub (GRUB) jumped after Bloomberg's Ed Hammond reported that Uber Technologies (UBER) has made an offer to acquire the food delivery service. The companies are in talks about a deal and could reach an agreement as soon as this month, sources told Bloomberg. Shares of GrubHub are up 25% to $58.44 following the report while Uber is up 2% to $32.33. Lyft (LYFT) shares ticked lower following the news and are down 27c to $31.09 in late morning trading.
LK

Hot Stocks

11:12 EDT Luckin Coffee terminates CEO, COO following internal investigation - Luckin Coffee announced changes to its Board of Directors and senior management, effective May 11, 2020. During its ongoing internal investigation, the Special Committee of the Board has brought to the attention of the Board evidence that sheds more light on the fabricated transactions described in the press release issued by the Company on April 2, 2020. After considering such information, the Board has terminated Ms. Jenny Zhiya Qian and Mr. Jian Liu from the positions of the CEO and the COO, respectively. The Board also demanded and received from Ms. Qian and Mr. Liu their resignations from the Board. In addition to Ms. Qian and Mr. Liu, since the beginning of the Internal Investigation, the Company has placed six other employees, who were involved in or had the knowledge of the fabricated transactions, on suspension or leave. The Board has appointed Mr. Jinyi Guo, a director to the Board and a SVP of the Company, as the Acting CEO of the Company. The Board also announced the appointment of Mr. Wenbao Cao and Mr. Gang Wu as directors to the Board. Following the changes to the Board, the Compensation Committee of the Board currently consists of Mr. Sean Shao, Mr. Erhai Liu and Mr. Jinyi Guo, with Mr. Sean Shao serving as its chairman; the Nominating and Corporate Governance Committee of the Board currently consists of Mr. Wai Yuen Chong, Mr. David Hui Li and Mr. Jinyi Guo, with Mr. Wai Yuen Chong serving as its chairman; the composition of Audit Committee of the Board remains unchanged.
GRUB UBER

Hot Stocks

11:06 EDT GrubHub jumps 24% to $57.95 after Bloomberg report of Uber offer
LK

Hot Stocks

11:01 EDT Luckin Coffee names Jinyi Guo as acting CEO
GRUB

Hot Stocks

11:00 EDT GrubHub trading resumes
LK

Hot Stocks

11:00 EDT Luckin Coffee terminates CEO Jenny Zhiya Qian, COO Jian Liu - In a regulatory filing, Luckin Coffee said "During its ongoing internal investigation, the Special Committee of the Board has brought to the attention of the Board evidence that sheds more light on the fabricated transactions described in the press release issued by the Company on April 2, 2020. After considering such information, the Board has terminated Jenny Zhiya Qian and Jian Liu from the positions of the CEO and the COO, respectively. The Board also demanded and received fromQian and Liu their resignations from the Board. In addition to Qian and Liu, since the beginning of the Internal Investigation, the Company has placed six other employees, who were involved in or had the knowledge of the fabricated transactions, on suspension or leave.The Board has appointed Mr. Jinyi Guo, a director to the Board and a Senior Vice President of the Company, as the Acting Chief Executive Officer of the Company. The Board also announced the appointment of Mr. Wenbao Cao and Mr. Gang Wu as directors to the Board. Following the changes to the Board, the Compensation Committee of the Board currently consists of Sean Shao, Erhai Liu and Jinyi Guo, with Sean Shao serving as its chairman; the Nominating and Corporate Governance Committee of the Board currently consists of Wai Yuen Chong, David Hui Li and Jinyi Guo, with Wai Yuen Chong serving as its chairman; the composition of Audit Committee of the Board remains unchanged. Wenbao Cao has served as Senior Vice President of the Company in charge of store operations and customer service since June 2018. Before joining the Company, Cao had over 23 years of experience at McDonald's China and served in various positions, including vice president and North regional manager at McDonald's China."
LK

Hot Stocks

10:59 EDT Luckin Coffee terminates CEO Jenny Zhiya Qian, COO Jian Liu
GRUB

Hot Stocks

10:55 EDT GrubHub trading halted, volatility trading pause
IFF

Hot Stocks

10:35 EDT IFF sees operating margin headwinds in Q2 - Comments taken from Q1 earnings conference call.
MGI

Hot Stocks

10:32 EDT MoneyGram reports digital business transactions grew 81% year-over-year in April - MoneyGram International reported 81% year-over-year transaction growth for its digital business in April - an acceleration from the first quarter of 2020 where the company reported 57% transaction growth. "These strong trends have also continued into May," the company stated. "We've been on a mission to mobilize the movement of money and accelerate the evolution of digital P2P payments. Over the last few years, we've invested heavily in our digital transformation by building the best digital customer experience in the industry and then rapidly launching those capabilities to new markets. We're proud that these investments have enabled customers to continue sending money for life's daily needs as global shelter-in-place policies have disrupted everyday life as we all work to prevent the spread of COVID-19," added Alex Holmes MoneyGram Chairman and CEO.
PTON

Hot Stocks

10:27 EDT Peloton surpasses 1M Connected Fitness subscribers - In a regulatory filing, Peloton Interactive announced that the company had surpassed 1M aggregate Connected Fitness Subscribers. The company provided guidance regarding its outlook for the fourth quarter of fiscal 2020 and for full year fiscal 2020 in connection with its announcement of its third quarter of fiscal 2020 financial and operational results on May 6, 2020. The company is not updating such guidance at this time. Shares of Peloton soared 7.3% to $45.93 in Tuesday morning trading.
RHHBY

Hot Stocks

10:03 EDT Roche announces launch of new KAPA Target Enrichment portfolio - Roche announced the launch of the new KAPA Target Enrichment portfolio, consisting of both exome and custom target enrichment solutions for sequencing. "KAPA HyperExome is a whole exome research panel with significantly improved performance over the existing on-market SeqCap portfolio and other products on the market. In addition to the Target Enrichment portfolio, Roche is also launching the new HyperDesign tool that enables researchers to create custom target enrichment designs that utilize the new KAPA HyperChoice probes. The probes are paired with a streamlined, automatable workflow," the company said.
CSPR

Hot Stocks

10:00 EDT Casper Sleep falls -12.9% - Casper Sleep is down -12.9%, or -$1.02 to $6.88.
EB

Hot Stocks

10:00 EDT Eventbrite falls -13.0% - Eventbrite is down -13.0%, or -$1.36 to $9.16.
CELP

Hot Stocks

10:00 EDT Cypress Energy falls -13.1% - Cypress Energy is down -13.1%, or -70c to $4.61.
CLPR

Hot Stocks

10:00 EDT Clipper Realty rises 20.0% - Clipper Realty is up 20.0%, or $1.02 to $6.13.
VEDL

Hot Stocks

10:00 EDT Vedanta rises 21.1% - Vedanta is up 21.1%, or 87c to $5.00.
LDL

Hot Stocks

10:00 EDT Lydall rises 22.6% - Lydall is up 22.6%, or $2.46 to $13.31.
GPX

Hot Stocks

09:47 EDT GP Strategies falls -10.0% - GP Strategies is down -10.0%, or -69c to $6.23.
SQNS

Hot Stocks

09:47 EDT Sequans falls -10.9% - Sequans is down -10.9%, or -65c to $5.28.
AMN

Hot Stocks

09:47 EDT AMN Healthcare falls -9.6% - AMN Healthcare is down -9.6%, or -$4.38 to $41.12.
CHMI

Hot Stocks

09:47 EDT Cherry Hill Mortgage rises 12.5% - Cherry Hill Mortgage is up 12.5%, or 79c to $7.07.
LDL

Hot Stocks

09:47 EDT Lydall rises 14.2% - Lydall is up 14.2%, or $1.54 to $12.39.
VEDL

Hot Stocks

09:47 EDT Vedanta rises 22.6% - Vedanta is up 22.6%, or 94c to $5.07.
TSLA

Hot Stocks

09:42 EDT Trump says California should let Tesla open plant 'NOW' - President Trump just tweeted, "California should let Tesla & @elonmusk open the plant, NOW. It can be done Fast & Safely!"
MGM

Hot Stocks

09:39 EDT MGM Resorts to 'strongly encourage' guests to wear masks in public areas - MGM Resorts released a report outlining the comprehensive health and safety protocols the company is implementing prior to re-opening its domestic properties and resorts which were temporarily closed in March due to the COVID-19 pandemic. The report details MGM Resorts' "Seven-Point Safety Plan" - a multi-layered set of protocols and procedures designed in conjunction with medical and scientific experts to deter the spread of the virus, protect customers and employees and rapidly respond to potential new cases. MGM Resorts is working with Dr. Shannon Magari, ScD, MPH, MS as its lead health and safety advisor for this process. Dr. Magari is the Vice President of Health Sciences for Colden Corporation, an occupational health, safety and environmental firm. The company said, "These protocols and procedures focus on balancing the customer service guests have come to expect from MGM Resorts with the urgent need to apply knowledge about COVID-19 and adapt environments accordingly. This plan is being implemented at MGM Resorts properties throughout the United States, with additions and changes being made based on local jurisdictions. Screening, Temperature Checks and Employee Training: MGM Resorts has implemented employee-screening measures to assess signs and symptoms of infection and whether the employee resides or cares for someone who has recently been diagnosed with the virus. Employees are currently and will continue to go through temperature checks before entering properties. Guests will be asked to abide by a similar self-screening protocol prior to arriving and during their stay... andatory Masks and Personal Protective Equipment : All MGM Resorts employees will be provided and required to wear an approved mask when on our properties. We will also strongly encourage guests to wear masks in public areas and offer masks to any guests who need one, free of charge. Gloves will continue to be worn by employees who require them to do their jobs, such as food handlers and employees who clean public areas. Additional categories of employees required to wear PPE will be identified by medical experts. Drink service: We will ask guests to minimize the amount of time masks are removed when drinking on the casino floor. Eating: We will ask guests to refrain from eating on the casino floor to minimize the amount of time masks are removed. Physical Distancing: Six-foot physical distancing policy will be in place, wherever feasible, with floor guides serving as reminders throughout MGM Resorts properties. From time-to-time, six-foot distancing will be challenging - and in those cases, reasonable mitigating protocols will be implemented, such as plexiglass barriers or eye protection for employees. Plexiglass barriers will be installed in areas throughout casinos and lobbies, where appropriate, for the safety of guests and employees. Signage will be installed throughout properties to guide employees and guests on how to safely practice physical distancing. Handwashing and Enhanced Sanitization: Prior to property closures in March, MGM Resorts implemented increased and enhanced routine cleaning, based on CDC guidelines, with a focus on high touch surfaces in common areas. We will continue using proven cleaning products in accordance with EPA guidelines for coronaviruses, bacteria and other infectious pathogens. Electrostatic sprayers will be used in many large areas to allow us to apply disinfectant more efficiently. In addition, custom-built handwashing stations with soap and water, along with hand-sanitizing stations, will be readily available in high traffic areas and with a visible presence. Signage will be installed to guide and remind employees and guests of the importance of proper handwashing protocols. Heating Ventilation and Air Conditioning Controls and Air Quality: MGM Resorts has always placed a high priority on air quality for our guests and has reviewed the operation of HVAC systems to identify additional opportunities to enhance their effectiveness. Rigorous measures in accordance with established guidelines to help mitigate the risk of virus transmission have been taken throughout our properties... Incident Response Protocols: MGM Resorts has protocols in place aimed at reducing the chance infection will spread. In the unfortunate event a guest or employee tests positive for the virus, we will activate incident response protocols to ensure the infected individual has access to medical treatment, exposed areas are thoroughly sanitized and, when possible, notify those who may have come in close, prolonged contact with the infected individual... Digital Innovations: MGM Resorts is reimagining several aspects of the guest experience through technology to transition current processes into contactless options for guests that eliminates or reduces the need for waiting in line. Contactless Check-In: Guests will have the ability to complete the check-in process entirely themselves through the MGM Resorts mobile app. This includes the ability to process payment, verify identification and obtain a digital room key, all through a mobile device...Food & Beverage: Digital menus will be available to view on personal mobile devices via QR code. Virtual queues will be in place for guests when immediate seating is unavailable."
BP...

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09:38 EDT Trump says energy companies 'starting to look very good again' - President Trump just tweeted, "Crude Oil prices going up as Saudi Arabia cuts production levels. Our great Energy Companies, with millions of JOBS, are starting to look very good again. At the same time, gasoline prices at record lows (like a big Tax Cut). The BEST of all Worlds. 'Transition To Greatness'". Publicly traded companies in the energy space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
PLSE

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09:37 EDT Pulse Biosciences trading resumes
ARTL

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09:34 EDT Artelo Biosciences awarded composition of matter patent for CBD cocrystal - Artelo Biosciences announced that the U.S. Patent and Trademark Office has issued a "composition of matter" patent with claims covering ART12.11, the Company's cocrystal, solid form of CBD and TMP. The new U.S. patent, No. 10,604467 for "Solid Forms of Cannabidiol and Uses Thereof," provides intellectual property protection for ART12.11 until December 10, 2038. Artelo's approach to achieving patent protection for a novel CBD composition was to create a cocrystal. Cocrystalization is a proven pharmaceutical development strategy and follows FDA guidance for chemicals with properties similar to CBD. This composition of matter patent validates the approach of developing a novel CBD product candidate targeting large indications, such as PTSD and inflammatory bowel disease, and, if approved by FDA, can form the basis for market exclusivity through the end of 2038.
TBLT TSCO

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09:33 EDT ToughBuilt launches 81 products with Tractor Supply - ToughBuilt Industries (TBLT) announced that 81 SKUs of its products have been accepted for immediate placement on www.tractorsupply.com (TSCO). Additionally, the Company is launching an in-store promotion of four SKUs with Tractor Supply brick and mortar stores.
PLSE

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09:32 EDT Pulse Biosciences trading halted, volatility trading pause
NTUS

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09:31 EDT Natus Medical partners with Holberg EEG to advance epilepsy diagnosis - Natus Medical announced a partnership with Holberg EEG AS. The partnership will advance the development and distribution of an AutoSCORE algorithm to automate Electroencephalography classifications and improve reporting efficiency. Holberg EEG has developed and commercialized SCORE EEG, a reporting and database software that builds on the new international consensus for describing EEG examinations and replaces free text reporting. The new partnership will advance the next steps to develop AutoSCORE, which will provide decision support to reduce EEG reporting variability, improve quality, and reduce time and cost for users. AutoSCORE has the potential to improve clinical outcome and value of care for the millions suffering from epilepsy.
PSEC

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09:21 EDT Prospect Capital CEO says 'tools in place' to increase share price - In a letter to shareholders, Prospect Capital CEO John Barry said, "Starting two years ago, we began reducing debt at Prospect Capital Corporatio. We were the only large traded BDC not to quickly elect a lower minimum asset coverage, which would have enabled us to add leverage and grow assets, but only by taking on more risk. When the virus hit, we carried less leverage than almost any other large seasoned BDC. Because of our decision to de-risk, the virus caused our NAV per share to decline 7.9% versus a 13.7% median traded BDC NAV per share decline. Prospect continues to hold investment grade ratings from Standard & Poor's, Moody's, Kroll, and Egan Jones. Only one other BDC has four investment grade ratings. De-risking Prospect protected our NII and distribution. For the 3/31/20 quarter, we earned $68.5 million of NII and paid $66.2 million in distributions. Today, we are declaring distributions for the next four months at the same rate as the past 32 months. While I believe asset values and our NAV should reflate from the 3/23/20 low in the S&P 500, which as of May 8, 2020 is up 31% (and the VIX down 51%), we are staying true to the strategy that has served us well since 1988, managing portfolio risk to protect capital entrusted to us and generate shareholder earnings...As Prospect's largest shareholder, I want to increase our NAV, NII, and share price. I believe we now have tools in place to achieve that goal. Should investors see a steadily increasing NAV and NII, we may see our stock price respond."
AVAV

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09:13 EDT AeroVironment awarded $2.69M contract from U.S. ally - AeroVironment announced that a U.S. ally and longtime customer awarded the company a firm-fixed-price contract valued at $2.69M on February 20, 2020 for AeroVironment's recently introduced Puma LE. The order also included spares to support the customer's existing fleet of AeroVironment tactical UAS. The contract award period of performance is one year.
KIQ

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09:10 EDT Kelso says AAR approves field trials for standard profile bottom outlet valve - Kelso Technologies reports that the Association of American Railroads has approved Kelso's new standard profile bottom outlet valve with a ceramic ball for commercial field service trial testing. The standard profile BOV field service trial joins the Company's low-profile bottom outlet valve currently in field service trial testing - completion of which is required for final AAR approvals. Low profile designs were popular with some shippers five years ago when Kelso started its BOV development initiatives, but standard profile designs are now preferred by the majority of shippers, especially for products that require heat and steam jackets. Kelso is committed to complete the field service trials of both low and standard profile BOV. The continued development of the Company's standard profile BOV has been a direct result of Kelso's new customer driven co-engineering program. The Company's stakeholders have been key contributors in designing a better performing standard profile BOV. The co-operative ambition is to significantly diminish the expensive chronic performance problems that are persistent with the traditional bottom outlet valves widely used today. Both of the Company's patented bottom outlet valves are utilized on rail tank cars for the primary purpose of unloading the contents of the tank. The BOV is positioned at the lowest point of the tank car so that a full discharge of the tank can be achieved. They are widely used in the transport of hazardous commodities such as crude oil, ethanol, chemicals, petrochemicals and minerals. The new field service trial will initially concentrate on molten sulfur and asphalt applications. The key proprietary design elements for both of the Company's low profile and new standard profile BOV is the use of a more reliable, longer wearing, scratch-resistant and non-corrosive ceramic ball. Also featured is a seat protecting ceramic wiper that allows for seats to remain non-embedded of any debris and impurities collecting at the bottom of the tank car to prevent valve operating seat leaks. Kelso's new standard profile BOV like the Company's low profile BOV meets the newly adopted handle actuating requirements established by the AAR. As with all Kelso products the BOV equipment is completely manufactured in the USA and fully machined - Kelso does not use castings as our competitors do. Kelso's BOV development associates have agreed to meet all the requirements of the AAR field service trial testing for the standard profile BOV. Their participation will assist in the completion of regulatory processes to gain full AAR approval. An AAR approved BOV is expected to improve the potential of market adoption by numerous customers.
PIXY

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09:08 EDT ShiftPixy unveils free digital restaurant solution to support restaurants - ShiftPixy announced that as part of its recently introduced Restaurant Resilience Plan, its technology platform specifically designed for restaurants is now available for free, without initial investment, to help restaurant operators and entrepreneurs as they face the unprecedented impacts of the COVID-19 crisis. Offering a digital platform that manages everything from online ordering through to native delivery driver management, ShiftPixy is making its technology more readily available so that restaurants can focus on doing what they do best - offering a great food experience. In addition to the free implementation of its platform, ShiftPixy also offers HNOA insurance to each of its delivery tickets to further ease the struggles of restaurants shifting to a delivery-first environment. Further, ShiftPixy is waving all delivery fees throughout the crisis.
ERJ

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09:08 EDT Embraer delivers five commercial, nine executive jets in Q1 - Embraer delivered a total of 14 jets in the first quarter, of which five were commercial aircraft and nine were executive jets. As of March 31st, the firm order backlog totaled $15.9B.
EEFT

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09:06 EDT Ria Money Transfer launches Money Transfer App across Europe - Ria Money Transfer announced the release of its Ria Money Transfer App for the European market with plans to launch in 13 countries by June. The first wave of releases began this month with the app launching in France and Germany. Italy, Belgium, Netherlands, Luxembourg, Austria, Ireland, Denmark, Finland, Norway, Sweden, and Switzerland will follow suit during May. Outside of Europe, the app is available in the United States and Canada. Australia, the UK, and Spain also offer online money transfer services via riamoneytransfer.com. Ria's digital footprint also includes the largest bank deposit network in the world with access to over three billion bank accounts.
PETQ

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09:05 EDT PetIQ launches telehealth platform for pet parents - PetIQ announced the launch of its telehealth service in partnership with whiskerDocs. The telehealth service is complimentary and available to PetIQ's loyal pet parents who have visited one of its service locations in the past. Customers can utilize the PetIQ Veterinary Help Line, powered by whiskerDocs, seven days a week, from 7am to 7pm, and speak to a team of veterinary professionals to assist with common questions pet parents have about general pet care, including topics such as the triage of symptoms, education and information on testing & prevention, behavioral issues, diet & exercise, and holistic health options.
DDOG

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09:04 EDT Datadog partners with Auth0 for identity data in near real-time - Auth0, the identity platform for application builders, today announced that it has partnered with Datadog to provide security, engineering, and infrastructure teams with mission-critical identity information in near real-time. The integration is powered by Auth0's new log streaming capabilities, giving customers the ability to continuously deliver Auth0 logs to their existing monitoring and alerting dashboards, making operations easier and more effective.
STM

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09:03 EDT STMicroelectronics joins Zhaga Consortium - STMicroelectronics announced that it has become an Associate member of the Zhaga Consortium to advance the deployment of NFC technology in the industrial lighting market. The Zhaga Consortium is a global industry organization that aims to standardize interfaces of LED luminaires. ST's membership to the Zhaga Consortium sets to facilitate the integration of NFC in lighting products and accelerate the emergence of new standards. One of the key benefits of NFC technology is the ability to improve flexibility and efficiency of LED-driver manufacturing lines.
APOP

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09:02 EDT Cellect Biotechnology announce exercise of warrants for cash proceeds of $1.5M - Cellect Biotechnology announced the agreement by several investors to exercise certain warrants issued in February 2019 to purchase up to an aggregate of 534,160,000 ordinary shares represented by 534,160 American Depositary Shares having an original exercise price of $7.50 per ADS, at a reduced exercise price of $2.75 per ADSs. Simultaneously with entry into these agreements the Company determined to lower the exercise price of all outstanding warrants issued in February 2019 with an original exercise price of $7.50 to $2.75 per share. The ADSs and the ordinary shares issuable upon exercise of the warrants are registered pursuant to a registration statement on Form F-1, which became effective by the Securities and Exchange Commission on February 7, 2019, as supplemented and amended to date. The gross proceeds to Cellect from the exercise of the warrants are expected to be approximately $1.5 million, prior to deducting placement agent fees and estimated offering expenses. Cellect intends to use the net proceeds from the offering for working capital as well as other general corporate purposes.
ABT

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09:02 EDT Abbott receives FDA EUA for COVID-19 test on new Alinity m system - Abbott announced that the U.S. FDA has issued Emergency Use Authorization for the company's molecular test for the novel coronavirus for use on its new Alinity m molecular laboratory instrument. Abbott is in the process of launching the Alinity m system to U.S. customers. The Alinity m system was cleared by the FDA for use with Abbott's HCV assay in late March. Abbott is working with hospitals and health systems in the U.S. to install this new instrument, which will help keep up with the growing demand for testing.
DLB

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08:55 EDT Dolby introduces Dolby.io API platform - Dolby Laboratories announced Dolby.io, an API platform that further broadens the opportunities to create in Dolby for the enterprise and application development space. Dolby.io will enable businesses, developers, and content creators to enhance every interaction and every piece of content in order to deliver spectacular communications, collaboration, and audiovisual experiences in their apps and services.
GNSS

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08:54 EDT Genasys announces $1.4M in orders for U.S. military, government agencies - Genasys announced more than $1.4M in Genasys hardware orders from multiple United States agencies, including the Department of Defense. The orders for the U.S. Air Force, Army and Coast Guard, plus the State Department, Department of Agriculture, and the Department of Homeland Security include LRAD 100X, 300X, 450XL, 500X, and military specification 360XT trailer systems and accessories.
AQB

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08:53 EDT AquaBounty engages MZ Group to lead investor relations program - AquaBounty Technologies has engaged investor relations specialists MZ Group to expand its comprehensive strategic investor relations and financial communications program. MZ Group will work closely with the management of AquaBounty to develop and implement a comprehensive capital markets strategy designed to increase the Company's visibility throughout the investment community. AquaBounty's investor relations campaign will highlight its disruptive and proprietary technology in the farmed salmon industry, as well the Company's imminent commercial harvests of both conventional Atlantic salmon in June 2020 and AquAdvantage salmon in the fourth quarter of 2020. MZ Group has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts and private investors. The firm maintains offices worldwide, including New York, Chicago, Minneapolis, San Diego, Aliso Viejo, Austin, Taipei and Sao Paulo. Additionally, MZ Group was recently ranked the No. 1 consultancy in Latin America and No. 7 in the world in business communication. Greg Falesnik, Managing Director of MZ North America, will advise AquaBounty in all facets of corporate financial communications, including the coordination of roadshows and investment conferences in key cities worldwide and building brand awareness across all financial and media outlets.
DIS

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08:52 EDT Disney bringing original Broadway production of Hamilton to Disney+ on July 3 - Disney+ said via Twitter: "Surprise! The original Broadway production of Hamilton, filmed LIVE onstage at the Richard Rodgers Theatre, is now coming exclusively to #DisneyPlus this July 3rd. Shout it to the rooftops! #Hamilfilm." Reference Link
PLAY

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08:50 EDT Dave & Buster's appoints John Hockin to board of directors - Dave & Buster's Entertainment announced that John C. Hockin has been appointed to the Company's Board of Directors, effective May 8, 2020. Mr. Hockin is a Managing Director at KKR, a leading investment firm with significant holdings in both private and public equities. With this appointment, the Company is temporarily expanding the size of its Board to 10 members. Victor Crawford, who has served on the Board since 2016, has decided not to stand for re-election at the Company's upcoming Annual Meeting of Shareholders. As such, at the Annual Meeting the Board will automatically be reduced back to nine directors, seven of whom will be independent.
EVOK

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08:49 EDT Evoke Pharma to hold Annual Meeting virtually - Due to the public health and safety concerns related to the COVID-19 pandemic, as well as the orders and recommendations from government authorities, notice is hereby given that the location of the Company's 2020 Annual Meeting of Stockholders has been changed to be held solely via a live webcast. As previously announced, the Annual Meeting will be held at 8:30 a.m., Pacific Time, May 27, 2020.
EVOK

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08:49 EDT Evoke Pharma expects cash to support operations into 3Q20 - As of March 31, 2020, the Company's cash and cash equivalents were approximately $4.1 million. The Company expects that its current cash balance will be sufficient to support operations into the third quarter of 2020, excluding the Eversana line of credit of $5 million that will become available if FDA approves Gimoti.
NWFL

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08:46 EDT Norwood Financial to hold annual meeting virtually - Norwood Financial announced that due to the continuing public health impact of the coronavirus outbreak and to support the health and well-being of its stockholders, employees, and community, the location of the Annual Meeting of Stockholders has been changed and will be held over the internet in a virtual meeting format only. Stockholders of Norwood Financial Corp. will not be able to attend the Annual Meeting in person. The Annual Meeting of Stockholders will be held on Tuesday, May 26, 2020, at 11:00 a.m. local time.
NEWA

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08:45 EDT Newater Technology Inc trading resumes
CVLT

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08:43 EDT Commvault: Not possible to predict when normal business environment may return
CACI

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08:42 EDT CACI awarded $465M task order by U.S. Army - CACI announced that it has been awarded a five-year single-award task order, with a ceiling value of more than $465M, by the U.S. Army Combat Capabilities Development Command's, or CCDC, Command, Control, Computers, Communications, Cyber, Intelligence, Surveillance, and Reconnaissance, or C5ISR, center to provide research and development on cryptographic modernization, information security, and tactical network protection. Under the task order, which the Army's Cyber Security and Information Division, or CSIA, awarded under the GSA Alliant II contract vehicle, CACI will provide mission expertise to enhance cyber defense capabilities for C5ISR systems. CSIA leads the Army in cryptographic modernization, information security, and tactical network protection as a division of the Army Space and Terrestrial Communications Directorate, C5ISR Center, CCDC, U.S. Army Futures Command, or AFC. CACI will provide the Army with new software-defined capabilities across the service's many modernization initiatives and research areas. For example, CACI communications and cyber experts will assist the service in protecting next-generation 5G networks, as well as enhancing the security of wireless, near-field, satellite, and other communications. CACI will also support urgent requirements for AFC's cross-functional teams, provide techniques and technologies to reduce risks for Army networks, and move innovative technologies such as artificial intelligence from the laboratory to the field.
OTIC AGTC

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08:41 EDT Otonomy, AGTC present preclinical results from gene therapy collaboration - Otonomy, Inc. (OTIC) announced preclinical results from the company's gene therapy collaboration with Applied Genetic Technologies Corporation (AGTC) that support the selection of a product candidate for development as a treatment for gap junction beta-2 deficiency, the most common cause of congenital hearing loss. These results are being presented during the American Society of Gene & Cell Therapy 23rd Annual Meeting being held virtually May 12-15, 2020. The joint poster presentation by Otonomy and AGTC demonstrate the following: A gene of interest can be expressed in cochlear cells relevant to GJB2 rescue, including support cells of the organ of Corti and spiral limbus, and fibrocytes of the spiral ligament. The tropism and gene expression level in support cells is higher for these novel capsids than for previously reported capsids used in the otic field. Consistent gene expression can be observed in support cells throughout the cochlea for at least 12 weeks following a single local injection. None of the novel AAV capsids evaluated for further development exhibited signs of cellular toxicity. In October 2019, Otonomy and AGTC announced a strategic collaboration to co-develop and co-commercialize an AAV-based gene therapy to restore hearing in patients with sensorineural hearing loss caused by a mutation in the GJB2 gene.
HJLI

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08:41 EDT Hancock Jaffe Laboratories to conduct CoreoGraft bioprosthetic graft study - Hancock Jaffe Laboratories announced that the company has received approval from the superintendent of Health of the National Health Counsel for the Republic of Paraguay to conduct a first-in-human study for its CoreoGraft bioprosthetic graft. The first-in-human study will initially consist of five patients who will receive CoreoGrafts as part of their coronary artery bypass graft, or CABG, surgeries. The CoreoGraft patients will be monitored for a one-year period post CoreoGraft surgery, with interim results reported at 30, 90, 180 and 365 days. Enrollment for the first-in-human study will begin as soon as COVID-19 restrictions are lifted in Paraguay.
ATH

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08:40 EDT Athene Holding appoints Doug Niemann as Chief Risk Officer - Athene Holding announced that Doug Niemann, formerly Senior Managing Director of Investment Management and Chief Investment Risk Officer for Guardian Life Insurance, has been appointed Executive Vice President and Chief Risk Officer at Athene, effective May 18. Mr. Niemann joins the company as John Rhodes has decided to step down from his role as EVP and Chief Risk Officer due to health reasons.
IGXT

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08:40 EDT IntelGenx announces intention to amend convertible debentures - IntelGenx Technologies announced that it is proposing to amend the terms of its 8.0% convertible unsecured subordinated debentures due June 30, 2020, originally issued on July 12, 2017 and August 8, 2017 (the "Debentures"), to extend the maturity date from June 30, 2020 to June 30, 2022 and reduce the conversion price from $1.35 to $0.50. The proposed amendments remain subject to approval of the TSX Venture Exchange and the holders of not less than 66 2/3% of the outstanding principal amount of the Debentures. An aggregate principal amount of $7,577,000 of Debentures remains outstanding as of the date hereof.
MBIO

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08:39 EDT Mustang Bio announces presentations at ASGCT meeting - Mustang Bio announced two poster presentations at the virtual 23rd Annual Meeting of the American Society of Gene & Cell Therapy, being held May 12-15, 2020. Details on the poster presentations are as follows: Title: CS1 Targeted CAR-T Cells for the Treatment of Multiple Myeloma Shows Antitumor Activity Sparing Normal T-Cells Despite the Common Expression of CS1: This poster describes researchers' investigation into the impact of MB-104 on CS1 positive and negative cells in vitro, as well as T cells due to shared CS1 antigen expansion. The researchers demonstrated MB-104 does not confer biologically significant fratricide and can be successfully manufactured as evident by viability, growth kinetics and fold expansion, despite the shared antigen expression between tumor cells and T cells. CS1 positive T cells are present in culture during the expansion of MB-104, suggesting absence of fratricide. Finally, MB-104 can induce potent anti-tumor cell lysis and proliferates in response to tumor cells but not primary T cells expressing CS1. Taken together, their results demonstrate MB-104 is a novel CS1-targeting CAR T that shows potent anti-tumor cell lysis but spares normal T cells, despite the shared CS1 antigen expression. Title: Development of an Immunohistochemistry Assay for the Detection of CS-1 Expression in Multiple Myeloma Patients: This poster details a study in which researchers evaluated commercially available CS1 antibodies for IHC and identified the best clone with high specificity for CS1 to improve screening subjects for CS1 positive tumor expression prior to treatment and correlate efficacy with antigen expression. The researchers, for the first time, developed and optimized a robust immunohistochemistry assay for the assessment of CS1 expression in bone marrow core biopsy samples and plasmacytoma solid tumor samples from multiple myeloma patients, which can be used for enrollment into Mustang's CS1 CAR T clinical trials.
JAGX

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08:38 EDT Jaguar Health clears regulatory hurdle to gain FDA approval to market Canalevia - Jaguar Health announced that it has cleared an important regulatory hurdle in the company's effort to gain FDA approval to market Canalevia, the company's oral plant-based prescription drug candidate, for the treatment of exercise-induced diarrhea, or EID, in dogs. Jaguar has been informed by the FDA's Center for Veterinary Medicine, or CVM, that the Environmental Impact technical section has been deemed Complete as part of the Company's application for conditional approval of Canalevia for EID under the Minor Use/Minor Species, or MU/MS, section of The Minor Use and Minor Species Animal Health Act of 2004. This section provides an assessment of a drug's potential direct and indirect effect on the environment.
EVBG

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08:38 EDT Everbridge enters partnership with Telarus to deliver essential CEM capabilities - Everbridge announced its first-to-market partnership with Telarus to deliver essential CEM capabilities to organizations. Through this distribution agreement, Telarus' network of over 4,000 technology brokers will assist businesses to manage critical events such as coronavirus with the full suite of Everbridge capabilities, including its COVID-19 shield and return to work software solutions. The Everbridge CEM platform automates and accelerates operational response to critical events like the coronavirus pandemic to keep people safe and businesses running efficiently. Over 5,000 businesses, governments, and healthcare organizations currently rutilize Everbridge's CEM platform to assess threats, monitor the wellbeing of their workforces, communicate warnings, protect supply chains,and accelerate the analysis of their operational response.
WTER

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08:37 EDT Alkaline Water says German grocery chain sells Alkaline88 across U.S. stores - The Company announces that one of the world's largest grocery chains expanding into the U.S. is selling two SKUs of its flagship brand across its stores.
AAPL

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08:36 EDT Apple announces update to Logic Pro X - Apple unveiled a major update to Logic Pro X with a professional version of Live Loops, a completely redesigned sampling workflow, and new beat-making tools. "With its collection of powerful creative features, Logic Pro X 10.5 will be a massive release for all musicians, including those producing electronic music." Logic Pro X 10.5 offers a collection of new creative tools designed to work together to make it fast and fluid to build original beats - an integral part of hip hop and electronic music production. Logic Pro X 10.5 is available today as a free update for all existing users, and is available on the Mac App Store for $199.99 for new customers. Logic Remote 1.4 is also available as a free download on the App Store. Customers can sign up for a free trial of Logic Pro X.
ENZ

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08:36 EDT Enzo Biochem issued U.S. patent for methods of producing monoclonal antibodies - Enzo Biochem announced the recent issuance of U.S. Patent No. 10,626,170 entitled Sulfonated Sclerostin, Antibodies, Epitopes and Methods for Identification and Use Therefor. The patent is directed to methods for producing monoclonal antibodies against specific regions of human Sclerostin, a protein that is a negative regulator of bone growth. Inhibition of Sclerostin using monoclonal antibodies can be used to promote bone growth for the treatment of osteoporosis. U.S. Patent No. 10,626,170 is a member of a broader U.S. and international patent family that includes issued patents and pending patent applications directed to antibodies and their use in inhibiting Sclerostin as well as small synthetic peptides and their use in inhibiting Sclerostin in the treatment of bone disorders such as osteoporosis.
CVLT

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08:35 EDT Commvault confident in long-term opportunities for company
PHAT

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08:35 EDT Phathom developing plans to resume new patient randomization in trials - During the first quarter of 2020, Phathom temporarily paused new patient randomization in its PHALCON-EE and PHALCON-HP clinical trials. The decision was not based on any study-related COVID-19 infections or other safety events but rather in support of global efforts to combat the SARS-CoV-2 coronavirus. Phathom has been actively working with clinical trial sites to ensure uninterrupted clinical trial supply, support the continuation of patients who were already enrolled in the PHALCON-EE and PHALCON-HP trials prior to the randomization pause, and develop plans to resume new patient randomization. Phathom is monitoring the continuing evolution of the COVID-19 pandemic, and any decision to allow randomization of new patients at a site will be contingent on a number of factors including restrictions imposed by national, state, and local governments as well as ASGE guidelines and other prevailing professional guidelines.
CVLT

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08:35 EDT Commvault: Pandemic presented some challenges for company - Comments taken from Q4 earnings conference call.
FIXX

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08:32 EDT Homology Medicines announces presentations on in vivo gene therapy, gene editing - Homology Medicines announced the presentation of data at the American Society of Gene & Cell Therapy 23rd Annual Meeting. Among Homology's seven presentations are data from its in vivo nuclease-free gene editing program for phenylketonuria and in vivo gene therapy program for metachromatic leukodystrophy, both of which are in IND-enabling studies. Presentations also focus on the Company's commercial manufacturing platform, as well as data on the differentiating characteristics of Homology's family of AAVHSC vectors, particularly when compared to other AAVs, which highlight the potential of the Company's dual gene therapy and editing platform. The presentation, "Molecular Characterization of Precise In Vivo Targeted Gene Editing in Human Cells using AAVHSC15, a New AAV Derived from Hematopoietic Stem Cells," describes quantitative molecular methods to measure efficiency and precision of nuclease-free, homologous recombination-based gene editing. The studies, which used a single I.V. administration of a gene editing construct to insert the human PAH gene, which is mutated in people with phenylketonuria in a humanized liver murine model, show: Precise gene editing with no unintended on-target mutations or viral integration, supportive of the homologous recombination pathway. Six percent gene editing efficiency using two independent molecular assays. This level of editing is an improvement over the efficiencies published in others' nuclease-free gene editing studies, and it has been shown to be sufficient to normalize Phe levels in the murine model. Two posters related to Homology's internal commercial manufacturing platform will be presented. In "Molecular Design and Characterization of Packaging Plasmid Sequences for Improved Production of Novel Clade F AAVHSCs," the data demonstrate: AAVHSCs were suitable for packaging a wide range of AAV genome sizes and yielded more intact packaged genomes than AAV5, a non-Clade F serotype. Improved productivity and optimized upstream process following enhancements to the packaging plasmid sequences. In "Development and Scalability of Transfection-Based Production and Purification of Novel Clade F Adeno-Associated Viruses Isolated from Human Hematopoietic Stem Cells". Homology describes high-quality productivity and scalability of its mammalian, suspension-based manufacturing, including: Executed 2,000-liter bioreactor scale using Homology's commercial process, with comparable productivity and product quality to smaller scale runs. Improved product quality using anion exchange purification, which can be leveraged across Homology's family of AAVHSC vectors and product candidates. Related to Homology's HMI-202 investigational gene therapy for MLD, the presentation, "Gene Therapy for Metachromatic Leukodystrophy That Crosses the Blood-Nerve and Blood-Brain Barriers in Mice and Non-Human Primates," details that a single I.V. administration: Crossed the blood-brain-barrier and blood-nerve barriers in the MLD murine model and in non-human primates, with human ARSA enzyme detected in both species. Showed hARSA biodistribution in the murine model that resembled endogenous murine ARSA in age-matched controls. Produced durable hARSA levels in the murine model meeting or exceeding normal human brain ARSA activity levels out to 52 weeks. Positively impacted key MLD biomarkers, including reducing sulfatides and LAMP-1, as well as increased MAL. In collaboration with Children's Hospital of Philadelphia, Homology also presents, "In Vivo Transduction of Murine Hematopoietic Stem Cells after Intravenous Injection of AAVHSC15 and AAVHSC17," which shows: AAVHSC15 and AAVHSC17 - two of Homology's family of 15 AAVHSCs that were tested in the studies - can target murine hematopoietic stem cells in vivo. Transduced cells were viable, self-renewed and actively contributed to hematopoiesis over time As Homology has advanced its AAVHSC technology, it is presenting mechanistic data on the platform, including the following two presentations. In "Role of Terminal Galactose in Cellular Uptake, Intracellular Trafficking, and Tissue Tropism Using Adeno-Associated Viruses Isolated from Human Stem Cells," the data show: AAVHSC transduction efficiency improved with increased galactose binding, a finding that has been previously described with Clade F vector AAV9. Nucleotide differences in AAVHSCs led to differences in transduction efficiencies related to galactose binding. In "AAVHSCs Transduction Does Not Significantly Elicit p53-Mediated Apoptosis or Alter Cell Cycle in Human iPSCs and Primary Cells When Compared to Non-Clade F AAV Vectors," the studies demonstrate that AAVHSCs: Have differentiating properties than those vectors in Clades 1-8, and did not induce p53 or CHK2 activation, which are responsible for apoptosis. Even at high multiplicities of infection, AAVHSCs did not elicit cell death or alter cell cycle.
TROW

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08:31 EDT T. Rowe Price reports preliminary AUM $1.13T at April 30 - Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.4B in April and $5.8B for the year-to-date period ended April 30. These client transfers include $0.5B and $4.8B, respectively, transferred to the target-date retirement trusts during April and the year-to-date period.
MARA

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08:28 EDT Marathon Patent Group purchases 660 S19 Pro ASIC Miners - Marathon Patent Group announced the purchase of an additional 660 latest generation Bitmain S19 Pro Miners. The 660 miners produce 110 TH/s and will generate 73 PH/s of hashing power, bringing the company's total Hashrate to 129 PH/s compared to companies S-9 production of 46 PH/s. The company paid $1,729,200 and the purchase was funded with cash on hand. The company expects to take delivery at our Hosting Facility by the end of July and will be deployed by our hosting partner Compute North upon their arrival. On May 11, 2020, Marathon announced its purchase of 700 M30S+ miners. The combined purchase is another step supporting the Company's recent strategic initiatives focused on expanding its bitcoin mining operations. Marathon anticipates that the 700 M30S+ miners will be deployed by June 1, 2020 and the S19 Pro's in late July. When all 1,360 miners are fully deployed, Marathon estimates its aggregate operating hash rate will increase over 280% to approximately 129 petahash per second. The latest generation of bitcoin Application-Specific Integrated Circuit miners from Bitmain are markedly more energy efficient than prior Bitmain models and other ASIC miners currently available. The May 11th purchase of 660 Bitmain S19 Pro Antminers boast a hash rate of 110 TH/s and an energy efficiency of 29.5+/-% 5 joules per terahash.
CRNC

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08:27 EDT Cerence launches Cerence ARK Assistant in U.S. English - Cerence introduced Cerence ARK Assistant, a new turnkey automotive voice assistant in U.S. English. This new product is built on Cerence voice- and AI-based innovations and expands upon the company's initial off-the-shelf assistant for the Chinese market that launched late last year. Cerence plans to deliver the product in additional languages as well.
KTOS

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08:26 EDT Kratos Defense receives $14M C5ISR system award - Kratos Defense & Security Solutions announced that it has received a $14 million Command, Control, Communication, Computing, Combat, Intelligence, Surveillance and Reconnaissance System award. Kratos is a leading provider of C5ISR Systems and Solutions in support of Unmanned Aerial Drone, Missile, Radar, Missile Defense, High Powered Directed Energy and Chemical, Biological, Radiation, Nuclear and Explosive Detection Programs for National Security Missions. The C5ISR systems under this contract award will be produced in secure Kratos manufacturing facilities. Due to competitive, customer related and other considerations, no additional information will be provided related to this contract award.
ADAP

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08:24 EDT Adaptimmune presents advances from allogeneic platform - Adaptimmune Therapeutics presented advances from its "off-the-shelf" or allogeneic platform at the American Society for Gene and Cell Therapy Annual meeting which kicked off in virtual format. Data from a poster summarized recent advances in Adaptimmune's allogeneic platform demonstrating the production of engineered T-cells, differentiated from human induced pluripotent stem cells. The poster was presented by Garth Hamilton, PhD, a Principal Scientist at Adaptimmune, and Joanna Brewer, PhD, Adaptimmune's SVP Allogeneic Research. Poster Title: Driving ADP-A2M4 SPEAR Expression from an Endogenous Hematopoietic Lineage Promotor for "Off-the-Shelf" T-Cell Therapy for MAGE-A4+ Solid Tumors: Edited hiPSCs expressing the ADP-A2M4 TCR can kill cancer targets in vitro; Data suggests that, like autologous SPEAR T-cells currently in clinical trials, ADP-A2M4 iT-cells have potential to be an efficacious cell therapy; Ability to promote T-cell receptor expression in iT-cells via genetic knock-in at a defined locus offers an opportunity to produce multiple clonal iPSC banks encoding specific SPEAR TCRs against a range of tumor antigens.
OSUR

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08:23 EDT OraSure consolidates microbiome services subsidiaries - OraSure Technologies announced that its Diversigen and CoreBiome subsidiaries have combined their microbiome service offerings under the Diversigen name. The rebrand highlights the combined companies' unparalleled scientific bench strength, state-of-the-art laboratory, ability to translate data to insights and collective focus on quality and service. The unified Diversigen operation will continue to offer the science-driven, customized solutions for metagenomics sequencing, bioinformatics, and statistical analysis for the study of the microbiome for which CoreBiome and Diversigen are known. The unification elevates Diversigen as the cornerstone brand for microbiome services in the industry. The combined organization includes scientific experts representing more than a century of microbiome experience and over 300 articles in respected scientific publications with more than 100,000 citations. All services previously offered under the CoreBiome brand will continue to be available from Diversigen, offering the microbiome market unparalleled choice in sequencing, bioinformatics and analysis services. The rebrand was implemented after in-depth research, market analysis, and customer conversations. A new Diversigen logo will bring a sharp new visual identity, representing the best of both CoreBiome and Diversigen and characterizes the brand as smart, market-driven, and innovative.
MBCN

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08:21 EDT Middlefield Banc declares quaterly dividend of 15c per share - Middlefield Banc announced that the Company's Board of Directors declared a quarterly cash dividend of $0.15 per common share payable on June 15, 2020, to shareholders of record on June 4, 2020. The quarterly dividend has been adjusted to reflect the two-for-one stock split on November 8, 2019.
NOK MSFT

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08:21 EDT Nokia announces collaboration with Microsoft as part of SONiC initiative - Nokia (NOK) announced its collaboration with Microsoft (MSFT) as part of the SONiC initiative, an open source network operating system based on Linux that has been production-hardened in the data centers of some of the largest cloud-service providers. Leveraging over 20 years of experience building some of the world's largest IP networks, Nokia has developed a robust chassis-based SONiC implementation focused on the requirements of high capacity data centers. Nokia is strongly committed to delivering the most robust network infrastructures possible with a keen focus on resilient and efficient operations at scale.
NEWA

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08:20 EDT Newater receives preliminary non-binding proposal letter from CEO and CFO - Newater Technology announced that its Board of Directors has received a preliminary non-binding proposal letter dated May 12 from its Chairman and CEO, Yuebiao Li and its CFO, Zhuo Zhang, to acquire all of the outstanding shares of the Company not currently owned by the Buyer Group and their respective affiliates and certain other shareholders of the Company who may choose to join the Buyer Group in a going private transaction for $3.1 per share of the Company in cash. According to the proposal letter, the Acquisition is intended to be financed through debt and/or equity capital, where equity capital will be provided at least in part by the Buyer Group in the form of rollover equity in the Company. The Company's Board of Directors has formed a special committee of independent directors consisting of Zhicun Chen, Hengtong Li and Yan Shen, to consider this proposal. Zhicun Chen will serve as chairman of the Independent Committee. The Independent Committee will retain a financial advisor and legal counsel to assist it in its work.
STM

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08:20 EDT STMicroelectronics publishes annual sustainability report - STMicroelectronics announced the publication of its 2020 Sustainability Report. The 23rd report contains details and highlights of STM's sustainability performance in 2019 and presents the Company's ambitions and longer-term goals for 2025 in alignment with the United Nations Global Compact1 Ten Principles and Sustainable Development Goals. The company said, "2019 highlights included: Delivered net revenues of $9.56 billion, an operating margin of 12.6%, and invested 15.7% of revenues in R&D to support innovation; Reached 62% of new products classified as 'responsible', an increase of 24% compared to 2018, in the framework of our Sustainable technology program launched in 2011; Strengthened our supplier audit program with the RBA2 standard and methodology deployed across our supply chain in order to engage them in doing business responsibly; 99% of new suppliers screened on social and environmental criteria; and Included in the Dow Jones Sustainability Indices World and Europe. Continued to promote employee health and well-being; conducted 97,715 medical acts worldwide vs 87,742 in 2018; Enrolled more than 8,000 human resources staff and managers in a Diversity and Inclusion awareness training program in 2019; Covered 100% of our 11 main manufacturing sites with RBA audits, all scores above the industry average; Strengthened our STEM3 program for inspiring the next generation with 83% of our community initiatives dedicated to education; and Increased our engagement score in 2019 with 77% of our employees recommending ST as a great place to work. Accelerated our efforts to address climate change challenges and achieved our goal of reducing our GHG emissions per unit of production by 21% compared to 2016, six years ahead of our 2025 goal; Engaged in the clean energy transition using more green energy in our manufacturing operations, 26% of the electricity we purchased in 2019 came from green sources; Succeeded in reducing our overall water footprint by 76% over the last 25 years, and received a B score in the CDP4 water security in 2019, positioning ST higher than the average for the electrical and electronic equipment sector and the global CDP average; and Reused, recovered, or sent for recycling 94% of our waste, remaining on track to reach our goal of 95% by 2025."
BNTX

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08:18 EDT BioNTech 'on track' for 2020 net cash use of approx. EUR300M - The company said, "On track with previous guidance of approximately EUR300 million net cash to be used for operating activities and investments into property, plant and equipment in 2020 base business plan. Majority of BioNTech development costs for our BNT162 program in 2020 will be funded via Pfizer and Fosun Pharma cost sharing, equity investments and upfront payments. Also anticipate additional funding to support the manufact uring scale-up for our BNT162 program in 2020."
SYNL

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08:18 EDT Privet, UPG send letter to Synalloy stockholders regarding board nominees - Privet and UPG Enterprises, which collectively own approximately 24.9% of the outstanding common stock of Synalloy, sent a letter to stockholders in connection with their nomination of five candidates for election to the company's eight-member board at Synalloy's upcoming 2020 annual meeting of stockholders scheduled to be held on June 30. Privet and UPG are urging stockholders to vote on the white proxy card to elect its entire slate: Andee Harris, Chris Hutter, Aldo Mazzaferro, Ben Rosenzweig and John Schauerman.
NEWA

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08:17 EDT Newater Technology Inc trading halted, news dissemination
BNTX

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08:16 EDT BioNTech expects to initiate Phase 1/2a trial of BNT411 in 1H20
BNTX

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08:16 EDT BioNTech expects data update for Phase 1/2 BNT311 trial in 2H20
MRNA

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08:16 EDT Moderna receives FDA Fast Track designation for mRNA-1273 against coronavirus - Moderna announced that the FDA has granted Fast Track designation for the company's mRNA vaccine candidate (mRNA-1273) against the novel coronavirus (SARS-CoV-2). Moderna has received initial feedback from the FDA on the design of the planned Phase 2 study, which will evaluate the safety, reactogenicity and immunogenicity of two vaccinations of mRNA-1273 given 28 days apart. The company intends to enroll 600 healthy participants across two cohorts of adults ages 18-55 years and older adults ages 55 years and above. Each participant will be assigned to receive placebo, a 50 microgram or a 250 microgram dose at both vaccinations. Participants will be followed through 12 months after the second vaccination.
BNTX

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08:16 EDT BioNTech expects to initiate Phase 1/2a trial of BNT211 in 2H20
BNTX

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08:15 EDT BioNTech expects data update for Phase 1/2 BNT131 trial in 2H20
BNTX

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08:14 EDT BioNTech expects to initiate two Phase 2 BNT122 trials in 2H20
BNTX

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08:14 EDT BioNTech expects data update for Phase 1 BNT122 trial in June 2020
BNTX

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08:13 EDT BioNTech expects to report data from Phase 1 trial of BNT114 in 2H20
BNTX

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08:13 EDT BioNTech expects to initiate Phase 2 trial of BNT113 in 2H20
CATB

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08:13 EDT Catabasis Pharmaceuticals shares edasalonexent program information at MDA - Catabasis Pharmaceuticals shared information on the edasalonexent program in Phase 3 development for the treatment of Duchenne muscular dystrophy, or DMD, in poster presentations at the 2020 Muscular Dystrophy Association, or MDA, Virtual Poster Session. The three posters include an analysis of the baseline characteristics of patients enrolled in the Phase 3 PolarisDMD trial, age-normative growth and normal adrenal function seen in the Phase 2 MoveDMD trial and open-label extension, and experience with capsule swallowing in both clinical trials for edasalonexent in boys with DMD. Top-line results from the Phase 3 trial are expected in Q4. An analysis of the baseline characteristics of the patients enrolled in the Phase 3 PolarisDMD trial was performed compared to the patients enrolled in the previous Phase 2 MoveDMD trial and found overall similar baseline characteristics in the patient populations in the two trials. Both the Phase 3 PolarisDMD trial and the Phase 2 MoveDMD trial enrolled boys affected by DMD ages four to seven with any mutation type who had not been on steroids for the previous six months. There were no significant differences between the two trials in baseline age, North Star Ambulatory Assessment, or NSAA, score and timed function test values. These findings are believed to support the assumptions on which the Phase 3 trial was powered. Catabasis also shared long-term safety and tolerability data from the MoveDMD trial and open-label extension. Edasalonexent was associated with age-normative growth, without negative impact on bone health, and normal adrenal function in boys with DMD as it does not impact the glucocorticoid receptor. There was no evidence of adrenal insufficiency for up to 150 weeks of edasalonexent treatment, and no clinically significant changes in cortisol or ACTH. Additionally, edasalonexent treatment in a mdx mouse model of DMD preserved bone length and bone density. In more than 100 years of cumulative patient exposure, edasalonexent has been well-tolerated, with no serious adverse events on treatment, and without the adverse effects associated with high-dose steroids. In both the Phase 2 MoveDMD trial and the ongoing Phase 3 PolarisDMD trial, 97% of four to seven year-old boys with DMD screened for the studies were able to swallow soft-gel study drug capsules. There have been no discontinuations due to capsule burden. This demonstrates that edasalonexent has the potential to be broadly adopted by those affected by DMD and supports the long-term safety and tolerability of edasalonexent.
BNTX

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08:12 EDT BioNTech expects to initiate Phase 2 trial of BNT111 in 2H20
MDRX

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08:12 EDT Allscripts unit Veradigm enters partnership with Surescripts - Allscript business unit Veradigm announced the signing of an agreement with Surescripts to enhance its Veradigm AccelRx specialty medication fulfillment solution with Surescripts Specialty Patient Enrollment. The agreement will enable AccelRx to support healthcare providers in more quickly fulfilling prescriptions for hundreds more types of specialty medications by incorporating Surescripts' expansive health information network, further streamlining healthcare providers' management of specialty medication within their electronic health record workflow.
BNTX

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08:12 EDT BioNTech says has potential to supply millions of vaccine doses by year-end - BioNTech will provide clinical supply of the BNT162 vaccine from its GMP-certified mRNA manufacturing facilities in Europe. BioNTech and Pfizer will work together to scale-up manufacturing capacity at risk to provide worldwide supply in response to the pandemic. BioNTech believes it has the potential to supply millions of vaccine doses by the end of 2020 subject to technical success of the development program and approval by regulatory authorities, and then rapidly scale up capacity to produce hundreds of millions of doses in 2021.
BNTX

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08:11 EDT BioNTech expects first data from BNT162 trial in end of June or in July - BNT162 - The first cohort of BioNTech's Phase 1/2 clinical trial was dosed. BNT162 is the first COVID-19 vaccine candidate in Europe which entered clinical trials. Twelve study participants were dosed with the first BNT162 vaccine candidate as of April 29th. The dose escalation portion of the Phase 1/2 trial will include approximately 200 healthy subjects between the ages of 18 to 55 and will target a dose range of 1 microg to 100 microg, aiming to determine the optimal dose for further studies as well as to evaluate the safety and immunogenicity of the vaccine. The three vaccine candidates that utilize uRNA or modRNA will be administered as two injections. The fourth vaccine candidate, which contains saRNA, will be evaluated after a single dose of vaccine. Subjects with a higher risk of severe COVID-19 disease will be included in the second part of the study. First clinical data from the trial is expected end of June or in July 2020.
BNTX

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08:10 EDT BioNTech continues to monitor effect of COVID-19 pandemic - BioNTech continues to monitor the effect of the current COVID-19 pandemic situation on its overall operations. As previously announced, the company has put significant measures in place to protect supply chain, operations, employees and the execution of clinical trials. The Company has not seen any impact on its mRNA manufacturing, nor on its CAR-T manufacturing operations. BioNTech has implemented a plan to manage the evolving disruptions on the Company's clinical programs, and as previously detailed, is prioritizing execution of ongoing clinical trials, whereas certain first-in-human clinical trial timelines have been affected. BioNTech intends to initiate Phase 2 trials planned for end of 2020, manage ongoing Phase 1 trials to support completion and optimize ability to initiate and conduct FIH studies. BioNTech will continue to evaluate potential effects and provide updates as appropriate.
SGEN

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08:07 EDT Seattle Genetics Tukysa receives Swiss Agency for Therapeutic Products approval - Seattle Genetics announced that the Swiss Agency for Therapeutic Products has granted approval for Tukysa tablets in combination with trastuzumab and capecitabine, for the treatment of patients with metastatic HER2-positive breast cancer, who have previously received two or more anti-HER2 regimens in any setting, including trastuzumab, pertuzumab and trastuzumab-emtansine, or T-DM1. The application for Tukysa approval was reviewed by Swissmedic as part of Project Orbis, an initiative of the FDA Oncology Center of Excellence that provides a framework for concurrent submission and review of oncology drugs among participating international regulatory agencies in Canada, Australia and Singapore. On April 17, the FDA approved Tukysa in the U.S. under the FDA's Real-Time Oncology Review pilot program, four months prior to its action date, and represented the first new drug approved under Project Orbis.
HCHC

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08:07 EDT HC2 Holdings completes sale of interest in HMN joint venture - HC2 Holdings announced that the Company, through an indirect subsidiary in which HC2 holds an approximate 73% equity interest, has completed the first close of the sale of its 30% stake in Huawei Marine Networks Co., Limited, its 49%-owned equity investment, to Hengtong Optic-Electric Co. The transaction concludes the sale process that was announced in October 2019. The 30% interest was sold for $85 million. After taxes and transaction fees, HC2's portion of the total net proceeds will be used to redeem over $50 million of HC2's 11.5% Senior Secured Notes at a redemption price of 104.5% of the principal amount in June 2020. The remaining 19% interest will be held by the Company subject to a two-year put option.
RWLK

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08:06 EDT ReWalk Robotics accepts binding offer by DGUV for ReWalk 6.0 - ReWalk Robotics announced the acceptance of the binding offer by DGUV to provide qualified spinal cord injury, or SCI, patients with the ReWalk 6.0 robotic exoskeleton device. This binding offer applies for the provision of ReWalk Exoskeletons for all insured persons of the 36 different DGUV members/insurances. In 2018, nearly 83 million Germans were insured against work-related, commuting and school accidents and against occupational diseases under DGUV.
DSKE

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08:06 EDT Daseke appoints Rick Williams as EVP, COO - Daseke announced that it has named Rick Williams as the Company's EVP and COO. In this new executive role, Mr. Williams will be responsible for managing Daseke's scale in the flatbed and specialized trucking market, and further leveraging the Company's scale into profitable earnings growth. Additionally, Mr. Williams will be responsible for overseeing ongoing business integrations and further business optimization efforts across the portfolio. In September 2019, Mr. Williams was named Flatbed Segment Division Head, where he was primarily responsible for overseeing and implementing best practices across the Daseke Flatbed Segment.
ALOT

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08:05 EDT AstroNova suspends dividend, announces receipt of $4.4M PPP loan - AstroNova provided an update on the impact of the COVID-19 pandemic on business operations and on steps taken to improve the company's liquidity position. "Throughout this unprecedented period, we have maintained production in our essential manufacturing operations while keeping the health and safety of our employees, customers, suppliers and communities at the forefront of our attention," said President and CEO Greg Woods. "We took swift action to shift a significant number of our global team to working remotely while enhancing our cleaning and protection procedures at our production facilities to keep our team members safe. We are extremely proud of our employees, whose dedication and commitment have helped ensure we continue to successfully meet the on-going needs of our customers, many of whom are providing essential services." AstroNova has taken several measures globally to reduce the financial impact of the COVID-19 pandemic and preserve and improve liquidity during this time of significant uncertainty. These include: Executive and employee compensation has been frozen across the board at 2019 levels, and management continues to reduce operational expenses; Application for and receipt of a $4.4M Small Business Administration's Paycheck Protection Program loan, to help sustain a skilled workforce able to meet customers' needs; and Suspension of the company's dividend. The company plans to issue its first-quarter fiscal 2021 financial results and host a conference call for investors in June 2020, the dates and details for which will be provided in a subsequent press release.
YGYI

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08:04 EDT Youngevity subsidiaries breaks ground in hemp grow project in Nicaragua - Youngevity International announced that its wholly-owned subsidiaries, CLR Roasters and Khrysos Industries, which are US Partners along with its Nicaraguan Partners have officially broken ground on the hemp grow and oil extraction joint venture project taking place on the 2,200 acre Chaguitillo Farms in Sebaco-Matagalpa, Nicaragua. The company announced the signing of the venture on April 21. The first phase of the development includes plans to run electricity that will power the 15,000 AMP electrical service that is necessary to power the project. The official electrical permits have been approved and the joint venture released a rendering of the project as an update to stakeholders and the community.
SSKN

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08:03 EDT Strata Skin Sciences calls back furloughed employees after receipt of PPP loan - The company said, "An active outreach effort to both partner clinics and patients is in place to rekindle our recurring revenue. Following the recent receipt of the PPP loan, the Company has called back many of its previously furloughed employees to assist in these outreach efforts and execute plans for growth in the second half of the year. The Company's unique recurring business model positions us well to assist our partner clinics to resume business, fill their appointment books and get back to treating patients. Being a solution to both patients and physicians in their search for a safe and effective treatment option for psoriasis and vitiligo resonates in the feedback STRATA is receiving from its physician partners, reflecting XTRAC's increased importance to their practice without the associated risks of other alternative immune suppressant and systemic treatments."
VERI

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08:03 EDT Veritone receives two-year IDIQ contract for aiWARE platform from DOJ - Veritone announced that it has received a two-year indefinite delivery indefinite quantity, or IDIQ, contract for its aiWARE government platform from the U.S. Department of Justice, or DOJ. aiWARE government services may be ordered under the contract by the DOJ and the 94 United States Attorneys Offices throughout the country. The contract includes AI-enabled audio and video transcription and translation services powered by aiWARE. The DOJ identified aiWARE government as the sole source available to meet the DOJ's requirements for these AI-enabled services. The services can be accessed directly through the DOJ's eDiscovery platform to expedite evidence discovery, greatly reducing human labor and associated costs. Case teams can leverage aiWARE to support the search, discovery and analysis of large amounts of information, regardless of data type or language.
LM

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08:02 EDT Legg Mason reports preliminary AUM $763.1B as of April 30 - This month's AUM included long-term net outflows of $1.4B, driven by fixed income net outflows of $2.5B, partially offset by equity net inflows of $0.9B and alternative net inflows of $0.2B. AUM also included liquidity net inflows of $2B and positive foreign exchange of $1.5B.
RTX

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08:01 EDT Raytheon Technologies awarded $145M contract by U.S. Army - The U.S. Army Contracting Command has selected Raytheon Intelligence & Space, a business of Raytheon Technologies, to train Afghanistan Air Force pilots under a three-year contract valued up to $145M. Raytheon will conduct initial flight training for the U.S. Army's Program Executive Office for Simulation, Training and Instrumentation. The Afghanistan Air Force students will go through flight school in third-party nations in Europe and the Middle East. Raytheon will provide tailored training for the Afghanistan Air Force pilots, including classroom, fixed-wing and rotary aircraft instruction.
MG

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07:56 EDT Mistras to delay filing 10-Q for Q1 - In a regulatory 8-K filing released yesterday, the company states: "The impact of the COVID-19 pandemic has necessitated additional analysis in connection with the preparation and review of the Form 10-Q. This additional work and analysis included reviewing financial and liquidity projections for future periods, which have been impacted by the COVID-19 pandemic and an assessment of these projections on goodwill and tangible and intangible assets, including right of use assets, and whether the Company has an impairment of these assets. The Company will have material impairment charges for the quarter ended March 31, 2020. In addition, the Company expects that the economic disruption being caused by the COVID-19 pandemic will likely cause our results in upcoming quarters to be less than are required to meet the financial covenants currently in our credit agreement with our banks. As a result, some of the Company's management who otherwise would be involved in the preparation of the Form 10-Q have been diverted as they focus significant time and effort on obtaining an amendment of the credit agreement. While the Company has an agreement in principle with the lead agent bank under the credit agreement and believes a mutually satisfactory amendment will be agreed upon and entered into with all the required lenders, no assurance can be given that such an amendment will be obtained. The Company had $250.4 million outstanding as of March 31, 2020 under the credit agreement. Therefore, the Company is relying on the Order to delay the filing of the Form 10-Q to provide its personnel with additional time to develop and process the financial information as well as prepare additional required disclosures related to and arising as a result of the COVID-19 pandemic."
BDTX

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07:48 EDT Black Diamond expects to complete Phase 1 portion of BTDX-189 trial by 1H21 - Black Diamond continued to enroll and dose patients in the Phase 1 portion of a Phase 1/2 clinical trial of BTDX-189 and expects to complete the Phase 1 portion of the trial by the first half of 2021. BDTX-189 is Black Diamond's mutation spectrum-selective, oral, irreversible small molecule inhibitor product candidate, which targets cancer-causing driver mutations in human epidermal growth factor receptor 2 and epidermal growth factor receptor that have not yet been drugged.
J

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07:47 EDT Jacobs selected by UK Government's Nuclear Decommissioning Authority - Jacobs was selected by Radioactive Waste Management, or RWM, a subsidiary of the U.K. Government's Nuclear Decommissioning Authority, to study the release of radioactivity from irradiated graphite sampled from reactor cores at the U.K.'s nuclear power stations. This research will support RWM in their analysis of graphite behavior and the options for graphite waste management in the future. "We're combining our leading graphite knowledge from our Integrated Waste Management team at Harwell, our role as designer and architect engineer of the Advanced Gas Reactor and Magnox reactors, and our work on operational support and life extension," said Jacobs Critical Mission Solutions Senior Vice President Clive White. "Our Technology and Innovation Centre at Birchwood Park, Warrington, is applying this graphite knowledge to work through options for safe and timely characterization, retrieval, treatment and storage solutions to meet the growing global decommissioning market." RWM has commissioned Jacobs to measure and characterize releases of the radioactive isotope carbon-14 and compare it with releases from irradiated graphite in earlier reactor types, including the U.K.'s first generation of Magnox civil nuclear power stations.The contract has an initial duration of two years. Subject to experimental program results, it may be extended by an additional two years.
BDTX

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07:46 EDT Black Diamond Therapeutics expects cash to fund operations into 2023
LH

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07:46 EDT LabCorp expands availability of COVID-19 at-home collection test kit - LabCorp announced that its COVID-19 at-home collection test kit is now being offered to individuals nationwide who have symptoms consistent with COVID-19 infection and individuals without symptoms who may have been exposed to the virus. The test is available through the company's Pixel by LabCorp online platform. Initially, the at-home collection test kits were made available in April to frontline healthcare workers and first responders and this latest move expands access in line with U.S. CDC guidelines. LabCorp's COVID-19 at-home test kit is physician-authorized and enables individuals to self-collect nasal swab specimens at home. This collection method helps minimize transmission of the virus and the use of personal protective equipment as it does not require an in-person visit to a medical professional. Individuals can obtain the test with no upfront out-of-pocket costs if they qualify after completing a COVID-19 health screening questionnaire on the Pixel by LabCorp online platform. LabCorp now has over 200,000 at-home collection test kits available and is prepared to significantly expand capacity as required.
BA

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07:41 EDT Boeing CEO sees 'three full years' before traffic fully returns - Boeing CEO Dave Calhoun is speaking on NBC's "Today" show.
TNXP

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07:40 EDT Tonix Pharmaceuticals expects results from Phase 3 RECOVERY study in Q2 - The Company continues to expect to report topline results from the Phase 3 RECOVERY study of TNX-102 SL 5.6 mg for the treatment of PTSD in the second quarter of 2020. During the first quarter of 2020, the Company announced it stopped enrollment in RECOVERY following an unblinded, pre-specified interim analysis by the Independent Data Monitoring Committee which recommending stopping the trial for futility. Preliminary blinded safety data from these participants did not reveal any serious and/or unexpected adverse events and the decision to discontinue enrollment in the study was not related to safety. A full analysis of the unblinded data will be conducted to determine the next steps in this program.
TNXP

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07:40 EDT Tonix says enrollment for Phase 3 RELIEF trial remains on schedule to date - In April 2020, Tonix announced that 50 percent enrollment had been achieved in the Phase 3 RELIEF trial, a potential pivotal study of TNX-102 SL 5.6 mg taken daily at bedtime for the management of fibromyalgia. An optional interim analysis of the first 50 percent of randomized participants that are evaluable for efficacy is expected to be conducted, with results expected in September 2020. The COVID-19 pandemic may also lead to a delay in recruitment of the second 50% of participants and topline results, but to date trial enrollment remains on schedule. The long-term safety exposure data of TNX-102 SL 5.6 mg collected in PTSD studies are expected to support the fibromyalgia New Drug Application.
TNXP

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07:38 EDT Tonix Pharmaceuticals expects data from animal experiments with TNX-1800 in Q4 - Tonix is developing four potential vaccines, based on the horsepox viral vector platform, to protect against COVID-19: TNX-1800, TNX-1810, TNX-1820 and TNX-1830. The Company believes its proprietary horsepox vaccine platform can be engineered to express relevant protein antigens from different infectious diseases to make a variety of vaccines. In the first quarter of 2020, Tonix announced a strategic collaboration with the Southern Research Institute to develop and test TNX-1800, which is designed to express the Spike protein from the SARS-CoV-2 virus that causes COVID-19. In addition, Tonix recently disclosed a new collaboration, with the University of Alberta, to develop three new potential vaccines, TNX-1810, TNX-1820 and TNX-1830, to protect against COVID-19 based on the horsepox vector platform, but designed to express different SARS-CoV-2 antigens than TNX-1800. TNX-1800, TNX-1810, TNX-1820 and TNX-1830 are in the pre-clinical, pre-Investigational New Drug application stage of development. The company expects preliminary data from animal experiments with TNX-1800 in the fourth quarter of 2020, but the COVID-19 pandemic may lead to a delay in this timeline.
CMD

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07:35 EDT Cantel Medical takes actions to preserve cash flow - Given the COVID-related government lockdowns and social distancing initiatives, the company has seen a deferral of elective medical and dental procedures across markets in which Cantel operates. The company reacted early to these headwinds to ensure that it could protect its employees, deliver resilience across its supply chain and best position itself for the recovery period during which such deferred procedures will resume. Ultimately, the Company believes that the core value proposition of its 'complete circle of protection' offering of infection prevention solutions are even more critical and relevant as we serve customer needs in the post-COVID recovery. Operationally, the company has taken significant measures to ensure that its supply chain remains fully operational through the crisis, with all facilities open and manufacturing, while adhering to local regulations. The company has taken the following actions to preserve cash flow through this period: Deployed workforce furloughs across manufacturing sites experiencing declines in demand, along with temporary furloughs and decreases in pay for administrative personnel; Deferred all non-essential capital expenditures; Canceled all non-essential travel; Reduced inventory in areas where demand has decreased, including aggressive material management to limit purchasing; Suspended any dividend through at least October 31, 2021; Suspended and reduced executive salaries and Board of Directors compensation.
SWTX

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07:32 EDT SpringsWorks Therapeutics says COVID-19 has had 'relatively modest impact' - To date, the COVID-19 pandemic has had a relatively modest impact on SpringWorks' business operations, in particular on SpringWorks' clinical trial programs, and the company is undertaking considerable efforts to mitigate the various challenges presented by this crisis.
ALT

Hot Stocks

07:24 EDT Altimmune appoints Diane Jorkasky to board of directors - Altimmune announced the appointment of Diane Jorkasky, M.D. to its Board of Directors. With Dr. Jorkasky's appointment, the size of the board increased to eight members. Prior to her current roles, she was Chief Medical Officer and Head of Development of Complexa Inc., Chief Medical Officer of Endo Pharmaceuticals, and Chief Development and Medical Officer of Aileron Therapeutics.
GLOG

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07:22 EDT GasLog commences twelve-year charter with JERA - GasLog took delivery of the GasLog Wales, a 180,000 cubic meter cargo capacity LNG carrier with dual fuel medium speed propulsion and Mark III Flex Plus containment system. The vessel immediately commenced a 12-year charter with the principal LNG shipping entity of Japan's Jera.
GRTX

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07:19 EDT Galera expects cash, cash equivalents to fund requirements into 2H22 - As of March 31, 2020, Galera had cash, cash equivalents and short-term investments of $120.5 million. Galera expects that its existing cash, cash equivalents and short-term investments, together with the expected payments from Blackstone in the amount of $57.5 million upon the achievement of certain clinical enrollment milestones in the ROMAN trial and the anti-cancer program in combination with SBRT under the amended royalty agreement, will enable Galera to fund its operating expenses and capital expenditure requirements into the second half of 2022.
GRTX

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07:18 EDT Galera Therapeutics expects data from Phase 1b/2a trial of avasopasem in 2H20 - Reaffirmed guidance for topline data from the pilot Phase 1b/2a safety and anti-cancer efficacy clinical trial of avasopasem in combination with SBRT in patients with locally advanced pancreatic cancer in the second half of 2020. Reaffirmed guidance for initiation of a Phase 1b/2a trial of GC4711 with SBRT in non-small cell lung cancer in the second half of 2020. GC4711 is Galera's second small molecule superoxide dismutase mimetic being developed to increase the anti-cancer efficacy of radiotherapy. This trial will evaluate GC4711 in combination with SBRT and with SBRT plus concurrent checkpoint inhibitor therapy in approximately 75 patients. A primary objective of the trial will be to assess the effects of GC4711 on measures of pneumonitis, or inflammation of the lungs. Other key objectives will include safety, local tumor control, distant metastasis rate, progression-free survival and overall survival.
GRTX

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07:17 EDT Galera Therapeutics expects topline data from Phase 3 ROMAN trial in 2H21 - Updated guidance for topline data from the Phase 3 ROMAN clinical trial of avasopasem for the treatment of SOM in patients with locally advanced head and neck cancer receiving radiotherapy to the second half of 2021. COVID-19 has delayed the initiation of the Phase 2a multi-center trial in Europe in patients with head and neck cancer indefinitely. This trial was expected to enroll up to 70 patients and contribute to the safety database for avasopasem for SOM in head and neck cancer. As a result, in order to ensure we are positioned to maintain the size of the safety database, the ROMAN trial target enrollment has been increased to 450 patients. Continued enrollment in the Phase 2a clinical trial of avasopasem to evaluate its ability to reduce the incidence of radiation-induced esophagitis in patients with lung cancer.
CABA

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07:14 EDT Cabaletta Bio plans to initiate IND-enabling studies of MuSK-CAART in 2020
CABA

Hot Stocks

07:13 EDT Cabaletta Bio plans to initiate Phase 1 trial of DSG3-CAART in 2020
CABA

Hot Stocks

07:13 EDT Cabaletta Bio expects cash to fund operations through 3Q22 - The Company expects that its current cash and cash equivalents will enable it to fund its operating plan through at least the third quarter of 2022.
GTBIF

Hot Stocks

07:11 EDT Green Thumb Industries to open Essence South Rainbow store - Green Thumb Industries announced it will open Essence South Rainbow, on May 13. This is the fourth Essence store in the Las Vegas area and GTI's 44th retail location in the nation. In addition to its retail business in Nevada, GTI owns three wholesale manufacturing sites in Nevada where it makes its branded products including Cannabiotix, Desert Grown Farms, Dogwalkers, incredibles and Rythm. GTI also has licenses to open seven more retail stores in the state. Essence South Rainbow offers pre-order for in-store pickup, curbside pickup and delivery.
CTSO...

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07:11 EDT CytoSorbents: CytoSorb is E.U. approved to remove rivaroxaban - CytoSorbents announces that CytoSorb is now approved and immediately available in the European Union for the removal of rivaroxaban, a widely-used Factor Xa inhibitor and novel oral anticoagulant, during cardiothoracic surgery requiring cardiopulmonary bypass. With this announcement, and the E.U. approval earlier this year to remove the P2Y12 anti-platelet inhibitor, ticagrelor, for the same indication, CytoSorb is providing cardiac surgeons and perfusionists an easy-to-use and rapid new treatment option to help reduce the risk of serious and potentially fatal perioperative bleeding complications caused by these two drugs, in separate categories of blood thinners.
HSDT

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07:10 EDT Helius Medical granted Breakhrough Device Designation for PoNS device - Helius Medical Technologies announced that it has received Breakthrough Designation for its PoNS device as a potential treatment for gait deficit due to symptoms of Multiple Sclerosis, to be used as an adjunct to a supervised therapeutic exercise program.
GHSI

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07:08 EDT Guardion says Lumega-Z demonstrates superiority in head-to-head study - Guardion Health Sciences announced the publication of study data comparing the efficacy of the Company's micronized liquid formula Lumega-Z, to the current standard AREDS 2 soft gel supplement. Results from the study concluded that Guardion's unique, proprietary formulation, Lumega-Z, provided significantly higher blood concentration levels of carotenoids, which have been shown by studies sponsored by the National Eye Institute to be important for slowing the progression of macular degeneration in certain patients, and the MPOD, which has been shown in studies to be an important and modifiable biomarker to track the progression of macular degeneration and other eye diseases. Lumega-Z, the Company's proprietary medical food, is the only micronized lipid-base nutritional formulation designed to restore a depleted macular pigment. This unique delivery platform ensures the highest level of absorption as well as rapid patient response to treatment. Participants in the study were given a 24-week supply of a lipid-based micronized liquid medical food, Lumega-Z, containing 28 mg of the macular carotenoids lutein, zeaxanthin and meso-zeaxanthin, or given PreserVision AREDS 2 Formula containing 12 mg of the macular carotenoids L and Z, but no reported MZ. Serum levels of L, Z and MZ were obtained at baseline and after 12 weeks. Macular pigment optical densities and visual function were assessed at baseline and after 24 weeks. Results from the study were recently published in the peer-reviewed journal, Nutrients, titled, "Efficacy of Commercially Available Nutritional Supplements: Analysis of Serum Uptake, Macular Pigment Optical Density and Visual Functional Response."
MAC

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07:06 EDT Macerich is not providing updated outlook - On March 27 given the complex and rapidly evolving circumstances surrounding the COVID-19 pandemic, the Company withdrew its previously published 2020 Guidance, and is not providing an updated outlook at this time.
RCKT

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07:06 EDT Rocket Pharmaceuticals presents new clinical data on FA, LAD-I at ASGCT - Rocket Pharmaceuticals presents new clinical data supporting longer-term efficacy and durability of gene therapy for Fanconi Anemia, or FA, and Leukocyte Adhesion Deficiency-I, or LAD-I, at the annual meeting of the American Society of Gene and Cell Therapy, or ASGCT. Two oral presentations highlight updates from the company's Phase 1/2 study of RP-L201 for the treatment of severe LAD-I and the Phase 1/2 study of RP-L102 "Process A" for the treatment of FA. Additional results from the first patient treated with RP-L201 for LAD-I continue to demonstrate evidence of safety and potential efficacy. Analyses of peripheral vector copy number, or VCN, and CD18-expressing neutrophils were performed six months post treatment with RP-L201 to evaluate engraftment and phenotypic correction. The patient demonstrated peripheral blood VCN levels of 1.3 and CD18-expression of 47%, which is sustained from the 45% expression observed three months post treatment; pretreatment CD18 expression was less than 1%. The drug product VCN was 3.8. Additionally, the patient continues to display visible improvement of skin lesions. No safety or tolerability issues related to RP-L201 administration have been identified to date. RP-L201 was in-licensed from the Centro de Investigaciones Energeticas, Medioambientales y Tecnologicas, Centro de Investigacion Biomedica en Red de Enfermedades Raras and Instituto de Investigacion Sanitaria Fundacion Jimenez Diaz. The lentiviral vector was developed in a collaboration between The University College of London and CIEMAT. Nine pediatric patients have been enrolled and treated in the Phase 1/2 clinical trial of RP-L102 "Process A" for the treatment of Fanconi Anemia, seven of whom are evaluable at or beyond the one year mark following treatment. The first four patients exhibit robust and durable engraftment, continued hematologic correction and blood count stabilization. Importantly, hemoglobin levels for patients 02002 and 02006 have increased to a healthy, normal range; these patients received more optimal product consistent with the minimal dose criteria established for the "Process B" registrational program. Two additional patients who have been followed for a year or more after treatment display early evidence of engraftment, as measured by increases in peripheral blood VCNs. Patient 02007 received a lower than optimal dose and is beginning to demonstrate preliminary signs of engraftment. Blood counts are not yet available in these patients. Two patients, patients 01003 and 02009, have not been included in this analysis. Patient 02009 is only six months post treatment and will continue to be followed. Patient 01003 received a drug product that did not meet full release criteria due to a technical issue - this was a one-time lab-specific issue that was addressed. To date, no patients in this trial have undergone allogeneic bone marrow transplant.
OCUL

Hot Stocks

07:06 EDT Ocular Therapeutix doses firs patient in OTX-CSI Phase 1 clinical trial - Ocular Therapeutix announced that it has dosed the first patients in its Phase 1 clinical trial of OTX-CSI for the treatment of dry eye disease. The Phase 1 clinical trial is a U.S.-based, open label, single center trial that intends to enroll 5 subjects and follow them for approximately 4 months. The study will evaluate safety and tolerability of OTX-CSI and assess biological activity by measuring signs and symptoms of DED over this time period.
BTAI

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07:06 EDT BioXcel Therapeutics says cash position sufficient to fund operations into 2021 - In February 2020, the Company raised net proceeds of approximately $60 million in connection with its common stock offering. BTI believes that proceeds from this offering, together with current reserves, provide cash runway to fund key clinical, regulatory and operational milestones into 2021.
BTAI

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07:05 EDT BioXcel Therapeutics expects data from Phase 1b/2 study of BXCL701 in Q4 - After completing the Phase 1b safety lead-in, the Company has initiated the Phase 2 portion of the Phase 1b/2 trial of BXCL701 in combination with pembrolizumab for treatment emergent Neuroendocrine Prostate Cancer 0.3 mg of BXCL701 twice daily was found to be the recommended dose when used in combination with KEYTRUDA and this dose regime will be used for the efficacy assessment of the clinical program. The Company expects to report initial data from this trial in the fourth quarter of 2020. The open label Phase 2 basket trial evaluating the combination of BXCL701 and KEYTRUDA in patients with advanced solid cancers has been initiated. This study, which is being conducted at the MD Anderson Cancer Center, is following the dosing schedule used in the Phase 1b/2 study for tNEPC. The BXCL701 phase of the triple combination study of BXCL701, bempegaldesleukin and BAVENCIO in pancreatic cancer is expected to begin following Nektar and Pfizer's Phase 1b safety trial of a double combination of bempegaldesleukin and avelumab and the outcome of that trial.
BTAI

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07:04 EDT BioXcel Therapeutics expects BXCL501 Phase 3 trial data in mid-2020 - The company said, "The SERENITY program, two Phase 3 studies of BXCL501 for the acute treatment of agitation in patients with schizophrenia and bipolar disorder, is ongoing, with more than one-third of the patients enrolled and treated as of March 19, 2020. Enrollment is progressing as planned, and the Company is on track to report topline data from both Phase 3 trials in mid-2020. In January 2020, the first patient was enrolled in the TRANQUILITY study, a Phase 1b/2 trial of BXCL501 for the acute treatment of agitation associated with geriatric dementia. BTI is currently assessing safety and tolerability data in order to choose the next tested dose, and the Company expects to report topline results in mid-2020. Our Investigational New Drug application for the treatment of opioid withdrawal symptoms, a fourth indication for BXCL501, received clearance from the U.S. Food and Drug Administration in February 2020. The Company is planning to initiate the Phase 1b/2 RELEASE trial for the treatment of opioid withdrawal symptoms shortly. In February 2020, researchers at Yale University initiated a Phase 2 study designed to measure biomarkers associated with agitation in patients with schizophrenia and their response to treatment with BXCL501. The Company is currently completing the clinical planning stage for its fifth indication, agitation associated with hyperactive delirium, and is preparing to initiate a Phase 1b/2 trial of BXCL501 in the second half of 2020."
BTAI

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07:03 EDT BioXcel Therapeutics says has not experienced 'significant' delays to trials - During the first quarter of 2020, the Company took steps in line with guidance from the U.S. Centers for Disease Control and Prevention and the State of Connecticut to protect the health and safety of its employees and the community. In particular, the Company implemented a work-from-home policy for all employees and has restricted on-site activities to certain chemical, manufacturing and control and clinical trial activities. To date, the Company has not experienced any significant delays to its ongoing or planned clinical trials; however, this could rapidly change.
BMY

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07:00 EDT Bristol-Myers and Gryt Helath partner to develop COVID Advocacy Exchange - In light of the COVID-19 pandemic, GRYT Health and Bristol Myers Squibb have partnered to develop the COVID Advocacy Exchange, a virtual platform to unite patient advocacy organizations, patients, policy makers, healthcare practitioners and industry in the exchange of information. The COVID Advocacy Exchange will invite close to 100 global and local advocacy organizations, spanning disease states, to convene virtually in their common pursuit of supporting patients with serious diseases who are simultaneously navigating the current COVID-19 pandemic. The virtual platform will provide access to data and information, as well as the opportunity to participate in weekly live, interactive sessions to foster discussion and collaboration.
BW

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06:47 EDT Babcock & Wilcox expects to complete financing process before May 15 - Babcock & Wilcox Enterprises, announced that the Company is nearing the completion of its financing process and expects to make an announcement regarding its debt refinancing on or before the May 15 deadline under its current amended Credit Agreement. The Company and its lenders are in the process of finalizing a definitive agreement for a longer-term credit extension.
LAZ

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06:47 EDT Lazard reports preliminary AUM approximately $204.6B as of April 30 - The month's AUM included market appreciation of $13.5B, net outflows of $2.6B and foreign exchange appreciation of $0.6B.
WDR

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06:46 EDT Waddell & Reed reports preliminary AUM $60.9B as of April 30 - Compared to $56B on March 31.
QSR

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06:42 EDT Restaurant Brands CEO issues letter to shareholders about reopening restaurants - The company said it is working very hard to continue to build customer confidence in the measures the company is taking to keep customers safe in its restaurants.The company has acrylic shields and contactless service at most restaurants. Restaurant Brands is maintaining a safe distance rule in its dining rooms, whether communities require it or not. The company has designed tabletop signage to indicate which tables are open and which ones are reserved to help maintain safe distances. Additionally, the company will be sanitizing tables and chairs after each use and will have hand sanitizer available in the dining room for guests. Restaurant Brands turned off self-serve soda fountains and are offering beverages, extra condiments and trays from the behind the front counter.
NXE

Hot Stocks

06:39 EDT NexGen Energy appoints Anthony George as Chief Project Officer - NexGen Energy announced the appointment of Tony George to the position of Chief Project Officer. Mr. George will commence in mid June and be responsible for execution of the company's 100% wholly owned Rook I Project through to production. Prior to joining NexGen, Tony served as Vice President Project Execution with Victoria Gold Corp.
NNVC

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06:37 EDT NanoViricides drug candidates show effectiveness against multiple coronaviruses - NanoViricides announced that it has developed drug candidates that have demonstrated anti-viral effectiveness in cell culture studies against multiple coronaviruses. Two of the tested nanoviricides drug candidates were effective in cell culture assays against multiple coronaviruses that infect humans. In particular, they were several-fold more effective than favipravir against the tested viruses. Favirpravir is a broad-spectrum nucleoside-like analog drug that is in clinical testing against SARS-CoV-2. The company has tested its drug candidates for anti-viral effectiveness against two distinctly different, unrelated coronaviruses that cause human disease, namely hCoV-NL63, and hCoV-229E. The assays evaluated the reduction caused by the drug candidate in cell death upon viral infection, formally known as cytopathic effects, or CPE, assays. Human coronavirus NL63, or hCoV-NL63, uses the same ACE2 receptor as the SARS-CoV-2 that causes CoVID-19. Both in terms of its clinical pathology, and its receptor usage, it is known to be very similar to SARS-CoV-2, except much milder. Therefore the company believes hCoV-NL63 is a good surrogate model for therapeutics development against SARS-CoV-2. H-CoV-NL63 can be studied in a BSL2 lab whereas SARS-CoV-2 currently requires a BSL3 or BSL4 facility. The company also found that the same two nanoviricides drug candidates were highly effective against another coronavirus, namely hCoV-229E, that causes seasonal common colds in humans. These nanoviricides drug candidates were several-fold more effective than favipravir in this human common colds coronavirus as well. hCoV-229E uses the APN membrane protein on human cells as its receptor to enter cells, different from hCoV-NL63 and SARS-CoV-2. The company believes the fact that these nanoviricides anti-coronavirus drug candidates are highly effective against two distinctly different coronaviruses that use different cellular receptors is significant. Specifically, it provides confidence to the company and rational basis to scientists that even if the SARS-CoV-2 coronavirus mutates, the nanoviricides can be expected to continue to remain effective. Nanoviricides are designed to act by a novel mechanism of action, trapping the virus particle like the Venus-fly-trap flower does for insects. Antibodies, in contrast, only label the virus for other components of the immune system to take care of. It is well known that the immune system is not functioning properly at least in severe COVID-19 patients. In addition, it is generally thought that SARS-CoV-2 may be able to escape antibodies being developed as drugs. Antibodies are known to become ineffective upon viral mutations. Moreover, there is a significant scientific debate about whether vaccines may be able to produce protective immunity against SARS-CoV-2. Thus, the company believes that the nanoviricides drug candidates it has developed are potentially superior to favipravir and are expected to warrant human clinical studies. Oral favipravir and infusion of remdesivir are two anti-viral drugs in clinical trials for the treatment of COVID-19. Prior to filing for human clinical studies, NanoViricides plans on conducting studies to further determine the effectiveness against SARS-CoV-2 and perform certain animal studies for safety/toxicology. The company believes that broad-spectrum anti-coronavirus drugs such as its nanoviricides drug candidates are expected to provide the ideal solution for combatting COVID-19, provided that the candidates show effectiveness in human clinical trials. The various receptors used by different coronaviruses all appear to fall in the broad family of membrane-associated serine proteases. As a family, they share several structural features. Their substrate specificities are dictated by specific amino acid residues and their positions. However, the coronaviruses do not appear to insert into the specific substrate sites on their receptors as can be broadly deduced from limited, available knowledge of these interactions. NanoViricides believes that this has made it possible for the company to develop receptor-mimetic virus-binding ligands that have broad-spectrum effectiveness against multiple coronaviruses that use different receptors. HCoV-NL63 is known to cause severe lower respiratory tract infections in young children leading to hospitalization. The symptoms are generally less severe than SARS-CoV-2 but are similar. In most cases, hCoV-NL63 causes relatively mild disease, often associated with croup, bronchiolitis, and lower respiratory tract disease in children, and is considered to cause some of the common colds in adults. Thus, the clinical manifestation of hCoV-NL63 infection in pediatric patients is similar to that of SARS-CoV-2, although much less severe. SARS-CoV-2 causes clinically similar milder forms of disease in most patients, but moderate to severe disease requiring hospitalizations in about 15%-20% of infected persons. These similarities imply that hCoV-NL63 should be a reasonable model virus for antiviral cell culture and animal studies in BSL2 environment in the course of antiviral drug development for SARS-CoV-2.
IR

Hot Stocks

06:36 EDT Ingersoll-Rand 'remains in a strong financial position with ample liquidity' - Ingersoll-Rand said, "The company remains in a strong financial position with ample liquidity of $1.6 billion, no debt maturities until 2027 and several opportunities to unlock cash as we look ahead. On a reported basis, Ingersoll Rand generated $68 million of cash flow from operating activities and invested $8 million in capital expenditures, resulting in free cash flow of $60 million, compared to cash flow from operating activities of $69 million and free cash flow of $55 million in the year-ago period. Operating cash flows in the first-quarter of 2020 include outflows of approximately $63 million related to the Transaction, including synergy delivery costs, stand-up costs and Transaction fees. First-quarter net debt to Supplemental Adjusted EBITDA leverage was 2.6x."
HMC

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06:36 EDT Honda not issuing guidance due to COVID-19 uncertainty - Honda said it is currently unable to provide a reasonably calculated forecast of the consolidated financial results for the fiscal year ending March 31, 2021, due to impacts relating to the spread of COVID-19. Honda will provide the forecasts of the consolidated financial results for the fiscal year as soon as they become available.
IR

Hot Stocks

06:33 EDT Ingersoll-Rand expects to deliver 35% of $250M synergy target in 2020 - Through the Ingersoll Rand Execution Excellence process, the team has accelerated synergy actions. The company expects to deliver approximately 35% of the $250M synergy target in 2020, which is approximately three times higher than previously provided.
TM

Hot Stocks

06:32 EDT Toyota sees FY21 consolidated vehicle sales 7M units
DUK

Hot Stocks

06:23 EDT Duke Energy backs FY20 CapEx plan of $11B-$12B - Says "2020 capital plan unchanged, but flexibility remains."
DUK

Hot Stocks

06:19 EDT Duke Energy reaffirms $56B, 5-year capital plan
RUBY

Hot Stocks

06:14 EDT Rubius Therapeutics presents preclinical data from aAPC program - Rubius Therapeutics presented preclinical data supporting its lead artificial antigen-presenting cell, or aAPC, program, RTX-321, for the potential treatment of HPV 16-positive tumors at the American Society of Gene and Cell Therapy 23rd Annual Meeting. The meeting is being held virtually from May 12 - 15. "Today, we presented preclinical in vitro data supporting the development of RTX-321 for the treatment of HPV 16-positive tumors by demonstrating that we can expand the different cell populations - effector and long-lived memory CD8+ cells - that are critical for delivering and maintaining long-term, anti-tumor responses in patients," said Laurence Turka, chief scientific officer of Rubius Therapeutics. "Additionally, we presented data showing that our aAPC platform can expand both naive and exhausted CD4+ T cells. CD4+ T cells help coordinate an immune response by stimulating other immune cells to fight cancer. By enhancing the expansion, persistence and functionality of both naive and exhausted CD4+ T cells, we may be able to harness the full complement of tumor-specific CD4+ T cells to achieve durable responses in patients with HPV 16-positive cancers. We plan to file an Investigational New Drug application for RTX-321 by the end of 2020."
H

Hot Stocks

06:07 EDT Hyatt to lay off 1,300 employees, restructure roles - Hyatt will lay off 1,300 employees globally and cut pay for senior management, board members and all employees as part of a restructuring, Hyatt said in a statement. "Due to the historic drop in travel demand and the expected slow pace of recovery, Hyatt has made the extremely difficult decision to implement layoffs and restructure roles across its global corporate functions, beginning June 1, 2020," it said. "COVID-19 has thrown our industry into unknown territory," said Mark Hoplamazian, President and CEO. "While parting ways with our colleagues is excruciating, we must be sensitive to commercial realities so we can continue to fulfill our purpose of care over the long term - through this pandemic and for what lies beyond. Our goal is to emerge from this crisis with strength, and ultimately position our business and our world-class teams for when the hospitality industry rebounds and when our guests and customers once again choose Hyatt."
FAMI

Hot Stocks

06:07 EDT Farmmi subsidiary receives repeat order for Shiitake, black Mu Er mushrooms - Farmmi announced its subsidiary Zhejiang FLS continues to drive revenue growth with another repeat customer order for Shiitake and black Mu Er mushrooms. The latest order is from an existing customer, which distributes agriculture products in China.
CSPR

Hot Stocks

06:06 EDT Casper Sleep expects future results to be impacted by COVID-19 - The company commented, "As a result, the COVID-19 pandemic has impacted, and we expect will continue to impact, our revenues, results of operations and financial condition. In response, we have taken proactive measures focused on optimizing our business model and cash management. Specifically, we implemented an employee furlough program applicable to our exempt and non-exempt retail employees and a reduction in personnel that will impact approximately 80 corporate employees across our North American and European offices, comprising approximately 21% of our corporate workforce globally. In addition, on April 21 we announced the wind-down of our European operations, which is expected to be largely completed by the end of 2020. As a result of these actions, we expect to achieve more than $10M in annualized savings and to incur approximately $1.0M in employee-related expenses. Coupled with the $116.1M in cash and cash equivalents on our balance sheet as of March 31 we believe these restructuring initiatives will further strengthen our balance sheet position and provide us with the flexibility and resilience to weather the COVID-19 pandemic. We are also carefully monitoring shifting consumer behavior from physical retail stores to our online platform. As of the date of this press release, we have observed continued strength in our e-commerce sales since the end of the quarter ended March 31 due in part to changing consumer behavior during the COVID-19 pandemic and a multi-year high in e-commerce marketing efficiency due to recent declines in advertising costs. It remains uncertain, however, whether these trends will continue as the pandemic and the responses to it evolve. In addition, while certain of our retail partners have temporarily closed their stores due to the COVID-19 pandemic, we have not experienced a material impact on retail partnership sales, as our online sales with retail partners have remained stable and the majority of our largest retail partners' stores have remained open for business."
DT

Hot Stocks

06:04 EDT Dynatrace sees FY21 total unlevered free cash flow $180M-$190M
KBR

Hot Stocks

06:04 EDT KBR awarded technology contract by Valmet for ash re-crystallization plant - KBR has been awarded a technology contract by Valmet AB for the engineering and supply of an ash re-crystallization plant for LD Cellulose S.A.'s 500,000 ton/year pulp mill project located in Minas Gerais, Brazil. Under this contract, KBR will provide the license, engineering design and proprietary equipment using its ecoplanning crystallization technology for the new mill. The start-up of this mill is planned for 2022. KBR has more than 70 years of experience in inorganics, including processes and technology solutions for crystallization, evaporation and the concentration and purification of strong inorganic acids.
GMDA

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05:40 EDT Gamida Cell says Phase 3 clinical study of omidubicel met primary endpoint - Gamida Cell announced positive topline results from its Phase 3 clinical study evaluating the safety and efficacy of omidubicel, an investigational advanced cell therapy in development as a potential life-saving treatment option for patients in need of bone marrow transplant. The median time to neutrophil engraftment was 12 days for patients randomized to omidubicel compared to 22 days for the comparator group. Neutrophil engraftment is a measure of how quickly the stem cells a patient receives in a transplant are established and begin to make healthy new cells, and rapid neutrophil engraftment has been associated with fewer infections and shorter hospitalizations. Despite the curative potential of bone marrow transplant, it is estimated that more than 40 percent of eligible patients in the United States do not receive a transplant for various reasons, including the lack of a matched donor. Even for patients who do receive a transplant, treatment is not always effective and can lead to serious complications that can dramatically affect their quality of life. Omidubicel is intended to address the current limitations of bone marrow transplant by providing a therapeutic dose of stem cells while preserving the cells' functional therapeutic characteristics. The international, multi-center, randomized Phase 3 study was designed to evaluate the safety and efficacy of omidubicel in patients with high-risk hematologic malignancies undergoing a bone marrow transplant compared to a comparator group of patients who received a standard umbilical cord blood transplant. The primary endpoint was time to neutrophil engraftment. The intent-to-treat analysis included 125 patients aged 12-65 years with acute lymphoblastic leukemia, acute myelogenous leukemia, chronic myelogenous leukemia, myelodysplastic syndrome or lymphoma and was conducted at more than 50 clinical centers in the United States, Latin America, Europe and Asia. The demographics and baseline characteristics were well-balanced across the two study groups. The study achieved its primary endpoint. In the intent-to-treat analysis, the median time to neutrophil engraftment was significantly shorter for patients who received omidubicel compared to the comparator group. Omidubicel was generally well tolerated. Among patients who were transplanted per protocol, 96 percent of patients who received omidubicel achieved successful neutrophil engraftment, compared to 88 percent of patients in the comparator group.
ICL

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05:35 EDT ICL reports no notable impact on Q1 from COVID-19, annual results may see impact - The COVID-19 pandemic did not have a notable impact on ICL's financial performance in the first quarter of 2020, although it is anticipated that 2020 annual results could be impacted. There has been a significant decline in global economic activity due in part to preventative measures taken by various government organizations around the world, many of which are ongoing. We believe this will result in a decline in demand for certain flame retardants products of the Industrial Products segment. The significant decline in crude oil prices, related to COVID-19, is also expected to result in decreased demand for clean brine fluids, which are used in oil and gas production. ICL has worked rapidly to ensure the health and safety of its employees, business partners and the communities in which we operate. ICL's global response was influenced by the early experience at its facilities in China, as mitigation efforts began in January when the spread of the pandemic was in its initial stage. As a provider of products and materials essential to food production and other industries. ICL's facilities have been operating at full capacity, except for our mining operations in the UK, which are currently operating at about 70% of capacity, and our mining operations in Spain, which were temporarily halted for 3 weeks, but have since been resumed at about 60% of capacity. ICL continues to gradually ramp up production in both sites, while ensuring the health and safety of its employees and complying with local regulations. As a direct response to the pandemic, ICL drew funds from its credit facilities to increase its cash and deposit balances. This was done to ensure the company would have significant flexibility to operate in a volatile business environment, as well as to seize opportunities. As of March 31, 2020, ICL had total liquidity of $1.1 billion, including $524 million in cash and deposits and $590 million in unutilized credit facilities.
SNY

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05:26 EDT Sanofi says Phase 3 IKEMA clinical trial of Sarclisa met primary endpoint - The Phase 3 IKEMA clinical trial evaluating Sarclisa added to carfilzomib and dexamethasone met the primary endpoint at its first planned interim analysis, demonstrating significantly prolonged progression-free survival compared to standard of care carfilzomib and dexamethasone alone in patients with relapsed multiple myeloma. There were no new safety signals identified in this study. "When Sarclisa was added to standard-of-care treatment carfilzomib and dexamethasone in this phase 3 trial, results clearly demonstrated a significant reduction in risk of disease progression or death," said John Reed, M.D., Ph.D., Global Head of Research and Development at Sanofi. "This is the second positive phase 3 trial for Sarclisa, further supporting the potential our medicine has to improve outcomes for patients struggling with relapsed multiple myeloma." Results will be submitted to an upcoming medical meeting and are anticipated to form the basis of regulatory submissions planned for later this year.
MLP

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05:23 EDT Maui Land & Pineapple completes repair to West Maui ditch system - Maui Land & Pineapple announced that major repairs of the West Maui ditch system to restore the damage caused by Hurricanes Lane and Olivia have been completed. The water from the ditch is used by the County of Maui Water Treatment Facility, Kapalua Water Company, Ltd., and various residents and farmers for drinking, irrigation, and fire suppression. The damage caused by the hurricanes resulted in irregular and inconsistent water availability due to the extensive flooding which reduced the flows and damaged a critical control gate. As part of the restoration process, a full assessment of the ditch system was completed by MLP's engineers and contractors prior to commencing the repair effort in December 2019. The first phase of the repair focused on repairing the diversion gate, sluice gate, bridge, access roads, and surrounding intake structures, and was completed in early 2020. The second phase of the repair was completed last week, and that phase concentrated on clearing the ditch and siphons of blockages, landslide sediments, debris, and fixing leaks in the system. The result is a renewed ditch system. The repaired areas are less susceptible to leaks, more accessible, and now provides consistent water availability to all of the users.
SALM

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05:09 EDT Salem Media announces temporary suspension of quarterly dividend due to COVID-19 - Salem Media Group announced that, due to uncertainty from the rapidly evolving impact of COVID-19 on the economy, Salem's board has made the decision, as part of a larger effort to conserve cash, to temporarily suspend the regular quarterly cash dividend on its common stock. The board will re-assess the dividend suspension throughout the year to determine, in light of facts and circumstances at that time, whether and when to reinstate the dividend. In addition to suspending the dividend, Salem implemented several cost reduction strategies designed to further preserve capital and liquidity, including, but not limited to, limiting capital expenditures, reducing discretionary spending such as travel and entertainment, eliminating open positions and new hires, reducing staffing when appropriate, requesting rent concessions from landlords, reducing employee compensation and requesting discounts from vendors. Taken together, Salem believes these are the right actions to successfully weather this challenging environment.