Stockwinners Market Radar for June 04, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:41 EDT Volaris reports May traffic down 88.9% - The company states: "In May 2020, Volaris managed its network in response to the decline in demand for air travel due to the COVID-19 pandemic. As a result, and in line with prior capacity guidance issued by the company, capacity measured by ASMs decreased by 88.1% vs the same period of last year, while demand measured by RPMs, or Revenue Passenger Miles, decreased 88.1% year over year. Volaris transported a total of 213 thousand passengers during the month of May, a decrease of 88.9% year over year. Network-wide booked load factor for May 2020 was 87.5%, with a 105% international booked load factor."

18:45 EDT SPDR Gold Shares holdings fall to 1,132.21MT from 1,133.37MT - This is the first decline in holdings since May 6th.

18:38 EDT J.M. Smucker CEO: Our brands will grow in the coming year - In an interview on CNBC's Mad Money, Mark Smucker said the company's core business is strong. FY21 guidance is meant to explain the real impact of COVID-19, he noted. Consumers are re-discovering some of Smucker's trusted brands. The company's strategy is not just focusing on large brands, but about smaller, emerging brands, he said. Sahale is now really starting to take off, Smucker noted. Smucker expects a slow, gradual return to normal over the next 12 months.

18:17 EDT GameStop up 0.8% at $4.50 after preliminary Q1 sales update - Shares of GameStop are up 0.8% at $4.50 per share following the company's Q1 sales update. The company's guidance calling for total global sales down 33% to 35% from Q1 of last year implies $1.01B-$1.04B, consensus $1.08B.

18:11 EDT GameStop has sufficient liquidity and financial flexibility - In its Liquidity update, GameStop states: "As of May 2, 2020, the company had approximately $570M in total cash, reflecting $135M drawn under its revolving credit facility. As of June 3, 2020, the company had reduced its outstanding borrowings under its revolving facility to approximately $100M. The company continues to expect it will have sufficient liquidity and financial flexibility to fund its operations and navigate the current environment. Given effective working capital management, the company expects to have total cash and liquidity between $575M and $625M as of the end of its second fiscal quarter."

18:08 EDT GameStop says omnichannel capability allowed to deliver on increased demand - The company states: "Despite the disruption caused by the pandemic, we are pleased to see our strategic investments in omni-channel capabilities allow us to deliver on the increased demand for gaming, entertainment and remote work products. Our Buy Online Pickup in Store capabilities enabled many of our stores to safely open for contactless curbside pickup. Importantly, the U.S.-based stores conducting this limited curbside offering were able to meet or exceed their sales plans during the second half of the quarter which is a true testament to our ability to fully capitalize on both our omni-channel capabilities and our leadership position in gaming. We have begun safely reopening our stores around the world as conditions and government regulations permit, and look forward to the day our fleet can be fully operational again. We believe we have, and are continuing to, take the appropriate steps to preserve liquidity, including disciplined management of all expenses, working capital, and capital expenditures as we continue to manage through the current environment, positioning the Company to emerge even stronger when in-store operations resume in totality."

17:58 EDT J.C. Penney identifies first phase of 154 store closures - J.C. Penney announced that it has taken the first step in implementing its store optimization strategy. Following a comprehensive evaluation of its retail footprint and a careful analysis of store performance and future strategic fit for the company, J.C. Penney identified the first phase of 154 store closures. Following entry of an order at the June 11, 2020, hearing with the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, Texas, store closing sales will begin at 154 locations. The company expects additional phases of store closing sales will begin in the coming weeks. As the company remains focused on its Plan for Renewal and driving sustainable, profitable growth, it intends to reduce its store footprint and focus resources on its strongest stores and powerful eCommerce flagship store, jcp.com. Store closing sales for the first round of store closures are expected to take 10-16 weeks to complete. "While closing stores is always an extremely difficult decision, our store optimization strategy is vital to ensuring we emerge from both Chapter 11 and the COVID-19 pandemic as a stronger retailer with greater financial flexibility to allow us to continue serving our loyal customers for decades to come," said Jill Soltau, chief executive officer of J.C. Penney. "I am incredibly grateful to our talented associates for their ongoing dedication and their passion for meeting and exceeding our customers' expectations during this difficult and uncertain time. All impacted associates will be treated with the utmost consideration and respect."

17:40 EDT Microchip President Ganesh Moorthy sells almost $1.3M in company stock - Microchip President Ganesh Moorthy sold 12,000 shares of company stock on June 4 for $106.72 per share. The total transaction value of $1,280,639.

17:28 EDT Slack Technologies says added 12,000 net new paid customers quarter-over-quarter - Says there were a number of COVID-19 related headwinds. Says a quarter of business is derived from companies with less than 100 employees. Says plans to accommodate certain distressed customers. Says withdrawing calculated billings guidance. Says more employers are realizing the benefit of a fluid work environment. Says AWS will be cloud provider going forward. Says not immune from macroeconomic effects. Says these are challenging times for everyone. Says will continue to manage business toward break even free cash flow. Comments taken from Q1 earnings conference call.

17:20 EDT Elastic director Peter Fenton sells over $6M in company shares - Elastic director Peter Fenton sold 88,000 shares of company stock at $71.10 per share on March 4. The total transaction value of the sale was $6,256,756.

17:16 EDT Amazon, Slack announce multi-year agreement over enterprise collaboration - Amazon Web Services, an Amazon.com company (AMZN), and Slack Technologies, Inc. (WORK) announced a new multi-year agreement to deliver solutions for enhanced enterprise workforce collaboration. Slack and AWS will strategically partner to help distributed development teams communicate and become more efficient and agile in managing their AWS resources from inside Slack. Slack will migrate its Slack Calls capability for all voice and video calling to Amazon Chime, AWS's communications service that lets users meet, chat, and place business calls. Slack is also leveraging AWS's global infrastructure to support enterprise customers' rapid adoption of its platform and to offer them data residency - the ability to choose which country or region their data is stored at rest in while fulfilling compliance requirements. Slack continues to rely on AWS as its preferred cloud provider and will use a range of AWS services, including storage, compute, database, security, analytics, and machine learning, to develop new collaboration features. Additionally, AWS has agreed to use Slack to simplify the way teams at AWS communicate and work together. "The future of enterprise software will be driven by the combination of cloud services and workstream collaboration tools," said Stewart Butterfield, CEO and co-founder of Slack. "Strategically partnering with AWS allows both companies to scale to meet demand and deliver enterprise-grade offerings to our customers. By integrating AWS services with Slack's channel-based messaging platform, we're helping teams easily and seamlessly manage their cloud infrastructure projects and launch cloud-based services without ever leaving Slack."

17:05 EDT Nektar announces NKTR-358 Phase 1b results for autoimmune disorders - Nektar (NKTR) announced the presentation of results from the Phase 1b study evaluating multiple ascending doses of NKTR-358, a first-in-class T regulatory cell stimulator, which is being developed as a potential therapeutic for a range of autoimmune disorders, including systemic lupus erythematosus. The data, which were presented during the Annual European Congress of Rheumatology, show that NKTR-358 was safe and well tolerated in patients with mild-to-moderate SLE and led to a marked and selective, dose-dependent expansion of regulatory T cells that was maintained over multiple administrations. NKTR-358 is designed to correct an underlying immune system imbalance in patients with autoimmune conditions. NKTR-358 was discovered by Nektar and is being co-developed in partnership with Eli Lilly (LLY).

17:02 EDT Facebook says that users globally can now send photos, videos to Google Cloud - Facebook's (FB) EMEA communications manager, Engineering, Alexandru Voica said in an earlier tweet: "Today, we are reaching 100% rollout of our photo and video transfer tool that enables people to port their photos directly to Google (GOOG) Photos. With this rollout, the tool is now available globally to everyone on Facebook." Reference Link

16:57 EDT Copart chairman sells 489K shares of common stock - In a regulatory filing, Copart disclosed that its chairman Willis Johnson sold 489K shares of common stock on June 2nd in a total transaction size of $43.3M.

16:44 EDT SEACOR Marine agrees to consolidate SEACOSCO JV - SEACOR Marine Holdings Inc. announced that a wholly-owned subsidiary of the company entered into a definitive sale and purchase agreement to acquire the remaining 50% of the equity interests in SEACOSCO Offshore LLC that it did not already own from affiliates of COSCO SHIPPING GROUP. As a result of the purchase, SEACOR Marine will own 100% of SEACOSCO. Subject to the satisfaction of the conditions to closing, the transaction is expected to close in June 2020. As consideration for the acquisition of the equity interests, the company will pay an aggregate purchase price of $28.15 million. The purchase price will be paid in cash as follows: (i) $8.445 million at or prior to the closing of the transaction, (ii) annual installment payments of $1.0 million, $2.5 million and $2.5 million in the first three years after the signing date and (iii) the remaining purchase price of $13.705 million at the end of four years after the signing date. The deferred portion of the purchase price accrues interest at a fixed average rate of 6.0% per annum. COSCO will obtain a second lien mortgage on the vessels to secure the payment of the deferred portion of the purchase price, and the company will provide a limited deficiency guarantee solely with respect to the short-fall in vessel collateral value, if any, in the event COSCO exercises its remedies under the mortgages.

16:41 EDT VMware to acquire network security firm Lastline - In a blog posting Lastline's John Dilullo said:"Today I am thrilled to announce that Lastline has entered into a definitive agreement to be acquired by VMware. The transaction has received the approval of both companies' Boards, but is potentially subject to certain regulatory approvals. The transaction is expected to close in VMware's Q2 FY21 ending July 31. The protection of our customers is at the center of what we do at Lastline. By joining forces with VMware, we will be able to offer additional capabilities to our customers and bring to market comprehensive security solutions for the data center, branch office and remote and mobile users. In recent years, Lastline has enjoyed tremendous growth, acclaim for its AI-based threat detection capabilities, and most recently, recognition for pioneering successes with our Network Detection and Response, NDR, and Public Cloud security solutions." Reference Link

16:31 EDT Adamas Pharmaceuticals: sNDA for GOCOVRI accepted for review by FDA - Adamas Pharmaceuticals announced that its supplemental New Drug Application for GOCOVRI as a treatment for OFF episodes in Parkinson's disease patients receiving levodopa-based therapy has been accepted for review by the U.S. FDA. The anticipated Prescription Drug User Fee Act action date is February 1, 2021.

16:29 EDT GameStop's Chief Transformation Officer Daniel Kaufman resigns - On June 1, Daniel J. Kaufman resigned as Chief Transformation Officer of GameStop effective immediately. In accordance with the terms of his Executive Employment Agreement, as amended on March 1, 2018, May 31, 2018 and May 8, 2019

16:26 EDT Star Bulk Carriers to delist shares on OSE - Star Bulk Carriers announced that the Oslo Bors, or OSE, granted the company's request for delisting from the OSE. The last listing day of the company's common shares on the OSE will be July 31 and the delisting will take effect on August 3. The OSE was a secondary listing for the company's common shares since July 16, 2018. The company will announce details on the delisting process of the company's common shares on the OSE in due course.

16:25 EDT Roper Technologies' Brinkley sells 1,440 common shares - In a regulatory filing, Roper Technologies director Amy Woods Brinkley disclosed the sale of 1,440 common shares of the company on June 4 at a price of $401.65 per share.

16:23 EDT Gap sees 'significant uncertainty' still ahead, not providing FY20 guidance - CFO Katrina O'Connell says: "While we are pleased that store traffic and productivity is exceeding expectations, particularly at Old Navy and Athleta, we continue to plan conservatively as significant uncertainty remains ahead. We intend to lean into our best-in-class supply chain and advantaged omni-channel capabilities to respond as customer demand becomes clearer." The company states: "Given the high level of uncertainty in the current environment, the company is not providing fiscal year net sales or earnings outlooks at this time."

16:22 EDT Southwestern Energy general counsel John Ale to retire, Chris Lacy to succeed - Southwestern Energy announced the retirement of John Ale, general counsel and corporate secretary, effective June 30, following more than six and half years leading the company's legal and governance functions. Current associate general counsel and assistant corporate secretary, Chris Lacy, who has been with the company since 2014, will be promoted to VP, general counsel and corporate secretary, effective June 30. Chris Lacy initially joined Southwestern Energy as a senior attorney and was promoted into his current role in February 2017. Prior to joining the company, he was an attorney with Ahmad, Zavitsanos & Anaipakos and Dewey & LeBoeuf LLP.

16:21 EDT Slack Technologies drops nearly 15% after Q1 results

16:20 EDT iRhythm names Douglas Devine CFO - iRhythm Technologies announced that Douglas Devine has been appointed Chief Financial Officer, effective June 22, 2020. Devine will succeed Matthew Garrett, who has decided to step down from the role. Garrett has agreed to assist in a well-ordered transition of his CFO responsibilities and will remain at iRhythm in an advisory role for up to a year to assist with special projects. "On behalf of everyone at iRhythm and our Board of Directors, I want to thank Matt for his many contributions during his tenure with the company, including his strong leadership through iRhythm's IPO and follow-on offering, as well as numerous other transactions that enabled our growth and positioned us well for future financial stability," said Kevin King, CEO. "We appreciate his dedication and wish him all the best beyond iRhythm."

16:18 EDT iRhythm CFO Matthew Garrett to step down, Douglas Devine to succeed - iRhythm announced that Douglas Devine has been appointed CFO, effective June 22. Devine will succeed Matthew Garrett, who has decided to step down from the role. Garrett has agreed to assist in a transition of his CFO responsibilities and will remain at iRhythm in an advisory role for up to a year to assist with special projects. Douglas Devine brings more than 25 years of financial experience to iRhythm, including knowledge in fund raising, influencing business strategy, driving cost reductions and implementing financial systems. He joins the company from GlobalFoundries, where he has been the CFO.

16:18 EDT TD Ameritrade announces shareholder approval of Charles Schwab merger - TD Ameritrade (AMTD) announced that its shareholders have voted to approve and adopt its merger agreement with The Charles Schwab Corporation (SCHW), a provider of financial services offering a full range of wealth management, securities brokerage, banking, asset management, custody and financial advisory services to individual investors and independent investment advisors. During a virtual special meeting of shareholders held today, TD Ameritrade shareholders overwhelmingly approved the merger agreement, with more than 99 percent of the votes cast being voted in favor of the proposal. TD Ameritrade also announced that on June 3 the Antitrust Division of the United States Department of Justice informed Schwab and TD Ameritrade that the DOJ has decided to close its investigation of the proposed merger. Integration planning is on-track and the deal is expected to be completed in the second half of 2020. Integration is expected to take between 18 to 36 months to complete following the close. The transaction is subject to customary closing conditions, including receipt of the remaining required regulatory approvals.

16:17 EDT Broadcom CEO says Q2 results 'in-line with our expectations' - "Second quarter results were in-line with our expectations, and saw limited impact from the effects of COVID-19," said Hock Tan, President and CEO of Broadcom Inc. "Looking ahead, our third quarter guidance for semiconductors reflects a surge in demand from cloud, telecom and enterprise customers, offset by supply chain constraints and an expected substantial reset in wireless. We remain focused on investing in our diverse set of mission critical semiconductor and software franchises, while carefully managing our expenses in this uncertain environment." "We generated record quarterly free cash flow of over $3 billion and reinforced our balance sheet, ending the quarter with over $9 billion of cash," said Tom Krause, CFO of Broadcom Inc. "Given our strong free cash flow generation, healthy balance sheet and enhanced liquidity position, we remain committed to maintaining our dividend while we navigate these unprecedented times."

16:15 EDT Aeterna Zentaris receives extension to achieve compliance with Nasdaq - Aeterna Zentaris announced the staff of the Listing Qualifications Department of Nasdaq granted the company's request for an extension through October 5 to achieve compliance with the minimum $2.5M stockholders' equity requirement for continued listing on Nasdaq. The staff's determination followed the company's submission of its compliance plan for the staff's consideration on May 26. The company is pursuing a number of initiatives to increase stockholders' equity, the completion of which are expected to enable it to achieve compliance with the minimum stockholders' equity requirement by no later than October 5 and to thereafter maintain compliance with the listing requirements.

16:13 EDT Caleres resumed operations at 60% of store fleet - The company states: "On May 11, Caleres initiated a careful and systematic reopening of its Famous Footwear and branded retail stores. To date, the company has successfully resumed in-store operations at approximately 625 locations, including 555 Famous Footwear stores, or approximately 60% of the store fleet. Caleres expects nearly 90% of its Famous Footwear stores to be open by late-June with the remaining locations - primarily in regions heavily impacted by the virus and still under state and local closure restrictions - reopening when it is safe to do so. In recent weeks, the company has seen continued strength in its ecommerce-related businesses and sales at the stores that have reopened are running ahead of expectations with the Famous Footwear stores running ahead of last year. Importantly, Caleres was successful in maintaining its skilled Associate base through the course of the shutdown, and has achieved a nearly 95% retention rate among store managers at stores reopened so far."

16:12 EDT MagnaChip appoints Camillo Martino as Chairman of the Board efective June 11 - MagnaChip appointed Camillo Martino as its new non-executive Chairman of the Board of Directors, effective June 11, immediately following MagnaChip's upcoming Annual Meeting of Stockholders. Martino succeeds Nader Tavakoli as the company's Chairman. Tavakoli will remain a director on the board and continue to serve as a member of the Audit, Compensation and Risk Committees. Tavakoli joined the board in 2009 and has served as its non-executive Chairman since late 2018.

16:11 EDT Liquidity Services to sell approximately 450,000 unused assets - Liquidity Services is selling surplus assets from the Savannah River Site that are currently located at a property storage location in Barnwell, South Carolina. In partnership with AW Properties Global and PPL Group, Liquidity Services will sell approximately 450,000 unused assets. The first of several sales events is currently open for bidding through June 18 and multiple assets are also available for buyers to make an offer in lieu of an auction event. The assets are being disposed due to a project cancellation and are of the highest nuclear-grade equipment available; re-purposed for general manufacturing use. The assets are still in original packaging, making for easy removal with no decommissioning required.

16:08 EDT DocuSign reports Q1 adjusted gross margin 79%

16:07 EDT DocuSign sees Q2 adjusted gross margin 78%-80%

15:30 EDT Rollins jumps after Bloomberg says company exploring options - Shares of Rollins jumped 2% to $45.56 in afternoon trading before being halted for volatility after Bloomberg's Ed Hammond reported that the company is working with advisers to explore its strategic options, including a potential sale. The pest control company has yet to launch a formal auction process, added Hammond, citing sources.

15:25 EDT Rollins trading halted, volatility trading pause

15:02 EDT CL Werner steps down as Executive Chairman of Werner - Werner Enterprises announced CL Werner stepped down as Executive Chairman, effective May 31. CL will continue to serve as Chairman of the board of directors through the end of his current term, which ends May 2021, and at that time it is expected that he will become Chairman Emeritus. In connection with this transition, the board of directors appointed Derek Leathers, the current CEO and President of the company, as a member and Vice Chairman of the board of directors effective May 31. CL has recommended to the board of directors that Leathers be named Chairman of the board of directors, in addition to CEO and President, when Mr. Werner's term ends, the company noted.

14:13 EDT Tesla's Musk says 'time to break up Amazon' in tweet - Within a thread started by former New York Times reporter Alex Berenson, regarding the refusal of Amazon's (AMZN) Kindle Publishing to publish his work on coronavirus, Tesla (TSLA) CEO Elon Musk replied in two tweets "Time to break up Amazon. Monopolies are wrong!" and "This is insane @JeffBezos". Reference Link

13:23 EDT West Virginia Attorney General files lawsuits against Rite Aid, Walgreens - West Virginia Attorney General Patrick Morrisey filed lawsuits against Rite Aid (RAD) and Walgreens (WBA) "alleging the two opioid distributors reaped billions of dollars in revenues, while their conduct caused immense harm to West Virginia and its citizens." The lawsuits allege Rite Aid and Walgreens "supplied far more opioids to their retail pharmacies than necessary to meet a legitimate market, and not even that was enough as the retail pharmacies ordered additional pills from other distributors to fulfill demand." The Attorney General contends Rite Aid and Walgreens "each knew its obligation to halt suspicious orders to its retail pharmacies, but failed to monitor for and report such activity." Reference Link

13:14 EDT Marcus Hotels & Resorts to reopen Grand Geneva, Timber Ridge on June 15 - Marcus Hotels & Resorts will reopen the doors of Grand Geneva Resort & Spa and its on-site sister property Timber Ridge Lodge & Waterpark on Monday, June 15, 2020 with the introduction of the CleanCare Pledge, which ensures enhanced cleanliness and safety measures are in place for its guests and associates. In response to the COVID-19 pandemic, Marcus Hotels & Resorts has established the CleanCare Pledge that incorporates the best industry practices and protocols for operating our hotels, resorts, spas, golf courses, and restaurants with an enhanced focus on cleanliness, sanitization, and safety. Key elements and examples of the CleanCare Pledge include: Introducing new processes and easy-to-use technology to create a low-to-no contact guest experience; Incorporating social distancing into processes and various spaces; Outfitting associates with masks and gloves, and making masks available for guests; Enhanced cleaning and sanitization protocols.

12:57 EDT Take-Two's Rockstar temporarily shuts down 'GTA Online,' 'Red Dead Online' - Take-Two's Rockstar Games said via Twitter: "Black Lives Matter. To honor the legacy of George Floyd, today, 6/4/20, from 2:00-4:00 p.m. ET, we will be shutting down access to our online games, Grand Theft Auto Online and Red Dead Online." Reference Link

12:34 EDT Take-Two postpones 'Borderlands 3' event 'out of respect' - Take-Two's official "Borderlands 3" Twitter account released the following statement last night: "This week we muted our channel out of respect for what's going on in the world and we will be postponing the launch of Takedown at the Guardian Breach. We are increasing funding for our 2K Foundations program by an additional $1M and expanding its mission to help fight racial injustice and inequalities in black communities across the globe. Black lives matter." Reference Link

12:20 EDT ZoomInfo indicated to open at $39.80, IPO priced at $21.00

12:04 EDT Facebook starting to apply labels to state-controlled media outlets - In a blog post, Nathaniel Gleicher, Head of Cybersecurity Policy at Facebook, announced: "We want to help people better understand who's behind the news they see on Facebook. Several months ago, we announced our plan to label media outlets that are wholly or partially under the editorial control of their government, and today we're starting to apply labels to those state-controlled media outlets. We're providing greater transparency into these publishers because they combine the influence of a media organization with the strategic backing of a state, and we believe people should know if the news they read is coming from a publication that may be under the influence of a government. And to ensure we're equally transparent when it comes to paid content from these publishers, we will begin labeling ads from these publishers later this year. State-controlled media outlets rarely advertise in the US. Nevertheless, later this summer we will begin blocking ads from these outlets in the US out of an abundance of caution to provide an extra layer of protection against various types of foreign influence in the public debate ahead of the November 2020 election in the US." Reference Link

12:00 EDT Cloudera falls -12.6% - Cloudera is down -12.6%, or -$1.56 to $10.84.

12:00 EDT Hovnanian rises 18.8% - Hovnanian is up 18.8%, or $3.26 to $20.62.

12:00 EDT Tupperware Brands rises 26.0% - Tupperware Brands is up 26.0%, or $1.00 to $4.88.

11:33 EDT American to offer customers options to rebook on fuller flights - American Airlines said earlier: As demand for travel increases, American is deploying new tools to notify and allow customers booked on fuller flights to rebook on more open flights when available, all without incurring additional cost. On fuller eligible flights, a percentage of customers will be offered the option to rebook to a different flight during the check-in process. Also, American Airlines is providing customers additional flexibility by expanding waived change fees for customers booking tickets for any new travel purchased by June 30, 2020. Any first, business, Premium Economy, Main Cabin and AAdvantage award tickets purchased on or before June 30, 2020, for future travel will not incur change fees prior to travel. Customers are allowed to change their origin and destination cities as part of this offer. Offer excludes Basic Economy tickets. Customers must pay any fare difference, if applicable, and fare rules may apply depending on the ticket. American currently has a change fee waiver in place for all tickets, including Basic Economy, for travel through September 30, 2020."

11:31 EDT American Airlines says international demand slower to return than domestic - American Airlines said earlier: "While international demand continued to be diminished, today marked the return of service to eight international destinations. These include service from Dallas-Fort Worth to Amsterdam, Paris and Frankfurt, as well as service from Miami to Antigua in the Caribbean and Guayaquil and Quito in South America. American also restored additional service to London from Chicago and New York. American will delay the return of some previously announced international routes--including transatlantic service from Philadelphia and Charlotte Douglas International--to August."

11:27 EDT American Airlines to fly 55% of July 2019 domestic capacity in July 2020 - American Airlines announced earlier that, "in response to improving demand for air travel," American is planning to fly 55% of its domestic schedule and nearly 20% of its international schedule in July 2020 compared to the same period last year. The airline's July systemwide capacity amounts to approximately 40% of July 2019 flying. The company added: "American saw an increase in demand in May. By the last week of May, the airline carried a daily average of about 110,000 customers per day - an increase of 71% over the approximately 32,000 average daily customers the airline served in April. Compared to the spring, American is increasing frequency of flying from hubs, including Dallas Fort Worth International Airport and Charlotte Douglas International Airport to destinations customers are searching and booking most, with increased flying to major cities in Florida, Gulf Coast cities as well as mountain destinations. The airline also increased frequency of flying to Asheville, North Carolina, Savannah, Georgia, and Charleston, South Carolina for business and leisure travelers."

11:25 EDT American Airlines says load factors at end of May above 50% - Doug Parker is speaking on CNBC.

11:01 EDT Nikola chair says 'no doubt' will need to raise more money 'down the road' - Milton says "a good five years of work" will be needed to execute his vision for Nikola. In about five years, there "might not be a need" for him to stay, but his dream would be to stay "as long as I'm needed," Milton said. Nikola Corporation executive chairman Trevor Milton made the comments while being interviewed on CNBC.

10:51 EDT Fastenal reports May sales up 4.4% to $493.21M - Fastenal reports May net sales of $493.21M, up 4.4% compared to the same month of 2019. Reports May daily sales of $24.66M, up 14.8% year-over-year. Reference Link

10:48 EDT SeaWorld says Orlando parks to have phased reopenings on June 11 - SeaWorld Entertainment announced a phased reopening with capacity limitations of SeaWorld Orlando, Aquatica Orlando, and Discovery Cove on June 11. "The reopening of the parks will include enhanced health and safety protocols for cleaning and sanitizing, physical distancing, face covering requirements, and temperature screening. A new online reservation system will also help manage capacity so that guests can enjoy a safe and fun experience while maintaining physical distancing. The phased reopening plan was approved by the State of Florida," SeaWorld said in a statement. Shares of SeaWorld are up 5% to $19.42 after Citi this morning upgraded the name to Buy with a $24 price target.

10:19 EDT MoneyGram launches partnership with Al Rajhi Bank - MoneyGram International announced that it has entered into a strategic partnership with Al Rajhi Bank and Tahweel Al Rajhi, the remittances arm of Al Rajhi Bank, to provide money transfer services in Saudi Arabia. The partnership covers both digital and walk-in channels and will enable strong customer growth in one of the world's largest remittance markets. MoneyGram will work with Al Rajhi Bank to provide customers with multiple payout services including cash, account deposit and digital wallet capabilities.

10:00 EDT Urstadt Biddle Properties Inc. falls -9.0% - Urstadt Biddle Properties Inc. is down -9.0%, or -$1.20 to $12.23.

10:00 EDT Spirit AeroSystems rises 11.3% - Spirit AeroSystems is up 11.3%, or $3.17 to $31.20.

10:00 EDT Zuora rises 13.0% - Zuora is up 13.0%, or $1.64 to $14.23.

09:50 EDT Tetraphase trading resumes

09:47 EDT Urstadt Biddle Properties Inc. falls -11.3% - Urstadt Biddle Properties Inc. is down -11.3%, or -$1.52 to $11.91.

09:47 EDT Smartsheet falls -16.7% - Smartsheet is down -16.7%, or -$9.88 to $49.20.

09:47 EDT Zuora rises 17.0% - Zuora is up 17.0%, or $2.13 to $14.72.

09:45 EDT Michaels CEO confident in ability to gain share in 'post-pandemic environment' - On the company's Q1 earnings call, Michaels CEO Ashley Buchanan said: "Longer term, I'm confident in Michaels ability to gain market share in post pandemic retail environment. From a cash and liquidity perspective, Michaels is in a strong position due to the work we have done to reduce cost cut and deferred capital spending and effectively manage our working capital. We expect to utilize cash in the second quarter. Based on our current view, we expect the second half of fiscal 2020 to be cash flow positive, and we believe we have sufficient liquidity for the foreseeable future to fund planning Capex, working capital requirements, debt service payments and anticipated growth. Importantly, I am confident that the actions we have taken and continue to take will strengthen our business over the long term, allowing us to continue to be on the offense, position Michaels to achieve sustainable long-term growth."

09:43 EDT Michaels says comp sales for stores reopened in May up 11% on average - On the company's Q1 earnings call, Michaels CEO Ashley Buchanan said: "While we are not in a position to provide a formal financial outlook for the second quarter or for the rest of the year, let me share a few insights to help you think about our expected performance. As in the last couple of weeks, we now have a majority of our stores open. And as I mentioned earlier, comps for the stores we reopened in May are on average 11%. We are working to continue to open stores and based on state and local laws and guidance, we are currently expect to have substantially all our stores open and fully operational by the end of June. Ahead of store openings, we are proactively investing and implementing health protocols and training associates that when we are able to open stores, we are ready to go on day one."

09:38 EDT LVMH says not considering buying Tiffany shares on the market - LVMH said in a statement: "The Board of Directors of LVMH Moet Hennessy Louis Vuitton, met on Tuesday, June 2nd, 2020 and notably focused its attention on the development of the pandemic and its potential impact on the results and perspectives of Tiffany & Co with respect to the agreement that links the two groups. Considering the recent market rumors, LVMH confirms, on this occasion, that it is not considering buying Tiffany shares on the market."

09:33 EDT Tetraphase to be acquired by Melinta Therapeutics - Tetraphase Pharmaceuticals announced that it has entered into a definitive merger agreement with Melinta Therapeutics, pursuant to which Melinta would acquire Tetraphase, through a tender offer, for an aggregate of $39M in cash, plus an additional $16M in cash potentially payable under contingent value rights, or CVRs, to be issued in the proposed acquisition. Tetraphase said in a release, "The Board of Directors of Tetraphase unanimously recommends that stockholders tender their shares in the Melinta tender offer once it is commenced. Under the terms of the definitive merger agreement, the upfront cash consideration in the transaction will be as follows: (i) $1.79 per share of Tetraphase common stock (including common stock underlying restricted stock units, performance-based stock units and pre-funded warrants), (ii) $2.47 per share of Tetraphase common stock underlying the common stock warrants issued by the Company in 2019, and (iii) $2.47 per share of Tetraphase common stock underlying the common stock warrants issued by the Company in 2020. Tetraphase equityholders would also be entitled to receive, for each share of Tetraphase common stock, one non-tradeable CVR, the holders of which will be entitled to receive payments of up to an additional $16.0 million in the aggregate upon the achievement of net sales of XERAVA in the United States of at least (i) $20 million during 2021, (ii) $35 million during any year ending on or before December 31, 2024 and (iii) $55 million during any year ending on or before December 31, 2024. Under the terms of the definitive merger agreement, the tender offer is required to be commenced within seven business days. Any shares not tendered in the tender offer will be acquired in a second-step merger at the same cash price as paid in the tender offer. Closing of the transaction is subject to specified closing conditions, including that a majority of the Company's shares of common stock (treating the shares underlying the Company's RSUs and PRSUs as outstanding) are validly tendered and not validly withdrawn. Upon the closing of the transaction, Tetraphase will become a privately held company and shares of Tetraphase's common stock will no longer be listed on any public market. Subject to certain limited exceptions, the CVRs will be non-transferable. The transaction was unanimously approved by the Tetraphase board of directors and is expected to close early in the third quarter of 2020. Certain Tetraphase stockholders and warrant holders, including Armistice Capital, LLC, holding in the aggregate approximately 20% of Tetraphase's outstanding voting power, have signed support agreements or exchange agreements under which such equityholders agreed, among other things, to tender their shares in the tender offer and to the treatment of the warrants described above. On June 4, Tetraphase terminated its previously announced merger agreement with AcelRx Pharmaceuticals, Inc., dated as of March 16, as amended on May 27 and May 29, in order to enter into the definitive merger agreement with Melinta. In connection with the termination the definitive merger agreement with AcelRx, Tetraphase paid AcelRx a termination fee in the amount of $1.78M."

09:26 EDT BioSig Technologies to present PURE EP system in HRS Science Sessions - BioSig Technologies announced that two scientific sessions highlighting PURE EP System have been accepted into Heart Rhythm Society 2020 Science. The two part set of videos titled 'Cardiac Signal Acquisition and Clinical Considerations for Accurate Interpretation' will be presented during the HRS Rhythm Theater Sessions on June 12 and July 1, 2020. The sessions will cover the challenges of acquiring clean signals in the EP lab environment, foundational principles of cardiac signal acquisition and clinical implications of applying filters to cardiac signals. The content of the series will be complemented by the clinical examples acquired by PURE EP System. The series will be presented by Samuel J. Asirvatham, M.D., Cardiac Electrophysiologist, Professor of Medicine at Mayo Clinic Rochester, MN and K.L. Venkatachalam, BSEE, M.D., Cardiac Electrophysiologist, Associate Professor of Medicine at Mayo Clinic's Florida campus.

09:15 EDT WideOpenWest appoints John Rego as CFO and Shannon Campain as CCO - WideOpenWest appointed John Rego as CFO and Shannon Campain as Chief Commercial Officer. Rego was most recently CFO for Telaria and prior to that was CFO for Virgin Galactic. Campain previously led marketing, sales and digital strategy as a consultant for Fox Corporation and held a similar position at Discovery Communications where she led the brand's MotorTrend OTT offering.

09:10 EDT CleanSpark subsidiary p2klabs revenues up 80% year-to-date - CleanSpark's recently acquired subsidiary p2klabs' revenues increased to $472,776 during the four months ending May 31 vs. the same period in 2019 when the company produced $262,475 in revenues. This represents an 80% increase in year over year billings. The company attributes the increase to a combination of factors, including increased access to capital, expanded product offering and the ability to attract and retain key personnel as a function of being a component of a much larger organization.

09:08 EDT eBay makes additional investments in marketing, technology - To further engage new and existing buyers, eBay is making additional investments in marketing and technology to retain new buyers and increase purchase frequency. In addition, expanded consumer seller promotions are encouraging more buyers to sell which historically has increased customer lifetime value on the platform. eBay continues to provide sellers the platform, solutions and support needed to grow their business and thrive. The company is deploying investments in order to support sellers during this time, including: The company has declared June "Sell on eBay" month. Significant efforts are underway to drive the trial of eBay's powerful selling platform. In the US, first-time sellers are invited to sell completely free on eBay. The promotion lasts throughout the month and is valid on up to 5 sales. Up & Running programs continue to expand around the world. In addition to the previously announced markets (US, UK, Canada, Greece, Ireland, Italy, Israel and Russia), eBay also launched Up & Running adaptations in Mexico and Brazil in May. The company is continuing its listing promotion through the end of July in the US with 50,000 additional free fixed price listings per month for store sellers and 200 additional free listings per month for non-store sellers. The company extended seller performance protections, established at the onset of COVID-19, through July 19.

09:06 EDT eBay up approximately 6% to $49.10 after raising Q2 guidance

09:05 EDT eBay says business performing 'significantly better than expectations' - eBay is announcing that its business is performing significantly better than expectations shared in its earnings release on April 29. Due to the magnitude of this change, eBay is providing the following information as a one-time update: Strength in global gross merchandise volume seen in April has continued through May, and the company now expects full Q2 volume growth rates to land between 23% and 26% as compared to the prior year period. All major verticals are accelerating significantly compared to previous quarters, including Home & Garden, Electronics, Fashion, Auto Parts and Collectibles. Demand strength is driven by increased organic traffic, better marketing efficiency, and higher platform conversion. Active buyer growth is accelerating, with approximately 6M new and reactivated buyers added in April and May. More sellers are joining eBay through efforts like Up & Running. Since March 2020, tens of thousands of small business sellers have been added to the platform. Classifieds revenues are performing at the high end of previous expectations disclosed on the Q1 earnings call with automotive subscription revenues recovering as dealerships reopen across international markets.

09:04 EDT HP Inc. introduces polypropylene material to expand 3D printing market - HP today made a set of announcements demonstrating its continued 3D printing and digital manufacturing momentum and industry leadership. Helping expand the overall market and unlock new applications for customers, HP is delivering a first of its kind Polypropylene material for additive manufacturing. The new HP 3D High Reusability PP, enabled by BASF, is a versatile, durable, and chemically resistant material that has been qualified for HP's production-grade 3D printing systems, and is ideal for customers in the automotive, consumer, industrial, and medical sectors seeking an optimal balance between performance and cost. HP also unveiled a new partnership with Oechsler, the global design and manufacturing player, to develop applications for both the new PP and HP's broader materials portfolio, as well as new customer Cobra Golf for its Metal Jet 3D printing technology. Polypropylene is a versatile material ideal for a wide range of automotive, consumer, industrial, and medical applications. The new HP 3D High Reusability PP enabled by BASF provides customers with a genuine new additive manufacturing material offering the same properties as commonly used PPs in injection molding, which has proven to have nearly unlimited use. With its excellent chemical resistance, low moisture absorption, and long-term durability, PP is ideal for piping, fluid systems, and containers. For example, automakers will be able to use the same PP for prototyping and production of final parts found in vehicles' interior, exterior, and under-the-hood. Developed in partnership with BASF for HP's Jet Fusion 5200 3D Series, the new PP delivers high productivity and minimizes waste for industrial-level manufacturing. In addition to breakthrough economics and performance, the new PP helps reduce waste3 by enabling up to 100% reusability of surplus powder.

08:57 EDT Charles Schwab announces DOJ closes probe of acquisition of TD Ameritrade - Charles Schwab (SCHW) announced that on June 3 the Antitrust Division of the United States Department of Justice informed Schwab that the DOJ has decided to close its investigation of Schwab's proposed acquisition of TD Ameritrade (AMTD). Schwab President and CEO Walt Bettinger said, "We're gratified by the DOJ's decision and appreciate its diligent and thorough review. We are pleased to be clearing an important milestone in our planned acquisition of TD Ameritrade and look forward to today's scheduled votes by the stockholders of our two companies, which represent another important step toward completion of the transaction." Completion of the transaction remains subject to the satisfaction or waiver of the customary closing conditions set forth in the merger agreement, including receipt of other regulatory approvals and obtaining the necessary approvals from stockholders of both Schwab and TD Ameritrade. Subject to satisfaction of those conditions, the parties continue to expect that the transaction will close in the second half of the year. Integration is expected to take between 18 to 36 months to complete following the close, Schwab stated.

08:55 EDT Tetraphase trading halted, news pending

08:44 EDT Carpenter Technology withdraws segment operating income outlook - The Company is withdrawing its previously provided segment operating income outlook for the current quarter. In the near-term, visibility is limited as the Company's customers and related supply chains adjust to the economic disruption caused by the COVID-19 pandemic. Customer demand patterns also continue to be impacted by uncertainty in the Aerospace supply chain as a result of changing expectations for airplane build rates. In addition to the near-term uncertainty in demand patterns, the rigorous protocols implemented to ensure the safety of all our employees are impacting production output. The Company's current focus remains on protecting employees and maintaining strong liquidity in the near term. With that focus, the Company expects to generate a meaningful amount of cash flow in the fourth quarter of fiscal year 2020 to bolster an already healthy liquidity position. As of March 31, 2020, the Company had $317M of total liquidity including $93M of cash and $224.1M of available borrowings under the Company's credit facility.

08:41 EDT Overstock reiterates attributes of Digital Voting Series A-1 Preferred Stock - Overstock.com distributed a stockholder dividend paid in shares of its Digital Voting Series A-1 Preferred Stock, OSTKO, on May 19, 2020. Since that issuance, the company has received numerous questions from investors regarding the Digital Voting Series A-1 Preferred Stock and is reiterating its key attributes in response to those questions, which have been previously disclosed in stockholder materials in connection with the dividend. Shares of the Digital Voting Series A-1 Preferred Stock: are preferred shares of Overstock.com, Inc.; have equivalent voting rights to common shares of Overstock.; have an equivalent liquidation preference to common shares of Overstock.; have a preferential right to an annual cash dividend of $0.16 per share, when declared, which has been paid in each of the last three years.; are required to trade on the tZERO ATS, in accordance with the stock's Certificate of Designation as filed with the State of Delaware and included in Overstock's filings with the Securities and Exchange Commission. In order to trade the Series A-1 shares in compliance with the Certificate of Designation, investors must open or have a brokerage account with a tZERO ATS-subscribing broker-dealer, or with a broker-dealer that maintains an account with a tZERO ATS-subscribing broker-dealer.

08:40 EDT Tuesday Morning secures $25M of additional financing - Tuesday Morning Corporation (TUES) announced that the Company has obtained a commitment from BRF Finance Co., LLC, an affiliate of B. Riley Financial, Inc. (RILY), for $25M of debtor-in-possession financing as required by the Company's current $100M DIP agreement with its existing lender group. With this commitment, the Company has secured commitments for a total of $125M to support the continuity of operations during Chapter 11 proceedings. As previously announced, due to the immense strain the COVID-19 pandemic and related store closures put on the Company, Tuesday Morning is pursuing a financial and operational reorganization designed to allow the Company to reduce its outstanding liabilities and strengthen its overall financial position. On May 27, 2020, Tuesday Morning filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas - Dallas Division to pursue this reorganization. The Company expects to emerge from Chapter 11 by early fall 2020.

08:37 EDT AbbVie presents Phase 3 results for Rinvoq in arthritis - AbbVie announced new long-term results showing that once daily upadacitinib continued to improve signs and symptoms in patients with rheumatoid arthritis at 72 and 84 weeks in the SELECT-COMPARE and SELECT-MONOTHERAPY Phase 3 clinical trials, respectively.The safety profile of upadacitinib monotherapy or upadacitinib in combination with MTX was consistent with that observed in the previously reported integrated Phase 3 safety analysis in rheumatoid arthritis, with no new safety risks detected. Additionally, approximate two-year data from the SELECT-EARLY and SELECT-COMPARE clinical trials showed that upadacitinib was "effective" in inhibiting structural joint damage as monotherapy or in combination with MTX. Full results were presented at the 2020 Annual European E-Congress of Rheumatology. Rinvoq, discovered and developed by AbbVie, is approved as an oral, once daily, 15 mg therapy for adults with moderate to severe active rheumatoid arthritis. Rinvoq plus MTX maintained higher levels of clinical response, including remission compared to adalimumab plus MTX, through week 72. The safety profile of Rinvoq in combination with MTX was generally consistent with that observed in the previously reported integrated Phase 3 safety analysis in rheumatoid arthritis, with no new safety risks detected. Results from SELECT-EARLY and SELECT-COMPARE showed RInvoq inhibited structural joint damage in rheumatoid arthritis patients receiving RInvoq as monotherapy or in combination with MTX at almost two years.

08:35 EDT Verizon declares quarterly dividend of 61.5c per share - The Board of Directors at Verizon Communications declared a quarterly dividend of 61.5c per outstanding share, unchanged from the previous three quarters. The quarterly dividend is payable on August 3, 2020, to Verizon shareholders of record at the close of business on July 10, 2020.

08:34 EDT Eldorado Resorts reopens five casinos in Nevada - Eldorado Resorts announced that it will resume operations at Eldorado Resort Casino, Silver Legacy Resort Casino and Circus Circus Hotel Casino in Reno, MontBleu Resort Casino Spa in Lake Tahoe and Tropicana Laughlin. With the reopenings in Nevada, 16 of Eldorado's 23 casino entertainment facilities have resumed operations following the suspension of operations in March. THE ROW Reno, which is comprised of Eldorado Resort Casino, Silver Legacy Resort Casino and Circus Circus Reno, plans a phased reopening process of its hotel rooms. Silver Legacy's newly upgraded room accommodations will be the first available beginning June 4. Upon reopening, guests will be able to enjoy the amenities and gaming floors at all three properties. Eldorado is implementing procedures that limit gaming capacity and casino floor occupancy and ensure proper social distancing at its Nevada properties and is adhering to the Nevada Gaming Control Board's regulations.

08:26 EDT Synalloy files investor presentation regarding Privet, UPG board nominees - Synalloy announced that it has filed an investor presentation titled "Building Long-Term Value for Shareholders,". The company said the presentation highlights "Synalloy's plan to create value for shareholders, excellent, long-term performance in its sectors, and cautioning shareholders about Privet/UPG's efforts to gain control of Synalloy's Board and business, without paying a control premium, based on a series of "Business School" strategies that lack depth or evidence that the dissident nominees can deliver on their promises." Synalloy said it encourages shareholders to read the investor presentation, as well as its proxy materials and shareholder letters, and learn how to vote the blue proxy card for Synalloy's directors.

08:18 EDT Alkaline Water receives commitments from 12,500 stores for A88 Infused - The Alkaline Water Company announces that ShopRite will soon carry four flavors of the A88 Infused line across all 280 locations.The Company's all-natural and zero calories, A88 Infused flavors line, is available in seven unique flavors: Blood Orange, Lemon, Raspberry, Watermelon, Peach-Mango, Lemon-Lime, and now Cucumber-Mint.

08:15 EDT Enphase Energy, Same Sun of Vermont bring solar to WhistlePig Whiskey - Enphase Energy announced that Same Sun of Vermont has deployed Enphase microinverters on a 56.2 kWDC commercial solar system for WhistlePig Rye Whiskey, a Vermont-based craft whiskey maker. WhistlePig's distillery is situated on a 500-acre former dairy farm in Shoreham, Vermont. For this commercial solar project, Same Sun of Vermont used 173 Enphase IQ 7X microinverters across the distiller's warehouse building and bottling plant. The array features a unique SolarSkin module wrap from Sistine Solar to showcase the WhistlePig name superimposed on rows of whiskey barrels when viewed from above. Same Sun of Vermont chose high-efficiency Enphase microinverters to mitigate the approximately 20% loss in kWh production caused by shading variations of the eye-catching module coverings. The system is projected to produce up to 54,000 kWh annually and offset approximately 814 metric tons of carbon dioxide over its lifetime.

08:14 EDT Onex Partners, BPEA announce secondary offering of Clarivate - Onex Corporation (ONEXF), Baring Private Equity Asia, their affiliated funds and certain other shareholders, announced the sale of 34.0 million ordinary shares of Clarivate plc (CCC) at an offering price of $22.50 per share. The total underwritten offering is 48.0 million, of which 14.0 million ordinary shares are being offered by Clarivate. The underwriters were granted a 30-day option to purchase up to 7.2 million additional ordinary shares from the Group. At the offering price and before the underwriters' option, gross proceeds to the Group will be approximately $765 million, of which Onex' share will be approximately $166 million as a Limited Partner in Onex Partners IV and as a co-investor. Onex, BPEA and their affiliated funds will continue to hold approximately 101.0 million ordinary shares of Clarivate, making them the largest shareholder group with an interest of 26%. Onex will continue to hold approximately 27.5 million ordinary shares for a 7% interest.

08:11 EDT Alpine Immune Sciences presents new B cell disease program at EULAR E-Congress - Alpine Immune Sciences presented a new preclinical program targeting B cell diseases in a poster session at the European Congress of Rheumatology, or EULAR, E-Congress. BAFF and APRIL are tumor necrosis factor, or TNF, superfamily cytokines which play key roles in B cell development, differentiation, and survival, contributing to the pathogenesis of B cell-related autoimmune diseases like systemic lupus erythematosus. Alpine's proprietary directed evolution platform was used to identify vTDs, derived from the TNF superfamily receptors TACI or BCMA, exhibiting enhanced affinity for BAFF and APRIL. When developed as Fc fusion proteins, such vTDs dramatically reduced B cell function, including antibody production, sometimes more effectively if the vTDs were also fused with CTLA-4 variant immunoglobulin domains, or vIgDs, inhibiting the CD80/CD86 T cell costimulatory molecules. Both the vTD-Fc and vIgD-vTD-Fc fusion variants effectively inhibited T-dependent antibody production in keyhole limpet hemocyanin-immunized mice and reduced both anti-DNA antibodies and renal disease in a NZB/WF1 mouse lupus model.

08:11 EDT Oxford Lane sees NAV $2.87-$2.97 as of May 31 - Oxford Lane Capital announced the following net asset value estimate as of May 31, 2020. The company said, "Management's unaudited estimate of the range of our NAV per share of our common stock as of May 31, 2020 is between $2.87 and $2.97. This estimate is not a comprehensive statement of our financial condition or results for the month ended May 31, 2020. This estimate did not undergo the Company's typical quarter-end financial closing procedures and was not approved by the Company's board of directors. We advise you that our NAV per share for the quarter ended June 30, 2020 may differ materially from this estimate, which is given only as of May 31, 2020. We believe that the COVID-19 pandemic represents an extraordinary circumstance that materially impacts the fair value of and prospective cash flows from the Company's investments. As a result, the fair value of the Company's portfolio investments may be materially impacted after May 31, 2020 by circumstances and events that are not yet known. To the extent the Company's portfolio investments are further adversely impacted by the effects of the COVID-19 pandemic, the Company may experience a material adverse impact on its future net investment income, the fair value of its portfolio investments, its financial condition and the financial condition of its portfolio investments."

08:09 EDT Aldeyra reaches agreement with FDA to use RASP as treatment sign for DED - Aldeyra announced that, based on preliminary written comments and meeting discussion, agreement has been reached with the FDA for the use of reactive aldehyde species, or RASP, as an objective sign for the treatment of dry eye disease, or DED. Aldeyra expects to provide an update on clinical development plans and remaining NDA requirements for reproxalap in dry eye disease following receipt of FDA meeting minutes, which are anticipated in July.

08:07 EDT DelMar Pharmaceuticals' VAL-083 selected for global GBM pivotal study - DelMar Pharmaceuticals announced the acceptance of an invitation from the Global Coalition for Adaptive Research to include VAL-083 in GCAR's Glioblastoma Adaptive Global Innovative Learning Environment - GBM AGILE - Study, an adaptive clinical trial platform in glioblastoma multiforme. DelMar will utilize the GBM AGILE study to serve as the basis for VAL-083's new drug application submission and registration. The company expects to enroll the first patient into the VAL-083 arm of the study which is planned for Q4. GBM AGILE is an international effort in newly-diagnosed and recurrent GBM, utilizing an FDA approved master protocol with multiple drugs to be tested simultaneously and over time against a common control arm. Results from the VAL-083 arm of GBM AGILE are intended to be utilized to file for FDA approval.

08:03 EDT Mylan and Lupin granted marketing authorization for Nepexto in Europe - Mylan and Lupin announced that the European Commission has granted marketing authorization for Nepexto, a biosimilar to Enbrel, for all indications of the reference product including rheumatoid arthritis, juvenile idiopathic arthritis, psoriatic arthritis, axial spondyloarthritis, plaque psoriasis and paediatric plaque psoriasis. The regulatory approval follows the adoption of a positive opinion by the Committee for Medicinal Products for Human Use, based on studies demonstrating bioequivalence to Enbrel. Enbrel had sales of approximately $9.6B globally for the 12 months ending December 2019. In June 2018, Lupin and Mylan announced a collaboration to commercialize a biosimilar to etanercept in several global markets.

08:01 EDT Qualigen Therapeutics receives Notice of Allowance for U.S. patent - Qualigen Therapeutics announced that the United States Patent and Trademark Office has issued a Notice of Allowance for a U.S. patent, which will be issued to the company, titled "Devices and Methods for On-Line Whole Blood Treatment" regarding the company's Selective Target Antigen Removal System technology. STARS is a DNA/RNA-based treatment for the removal of viral and tumor-produced compounds from a patient's blood. The STARS technology utilizes a filtration cartridge designed for use in a standard dialysis machine, and contains aptamer-coated microparticles that bind to specific agents in circulating blood for targeted removal.

07:43 EDT Nice to acquire Guardian Analytics, terms undisclosed - Nice announced that it has entered a definitive agreement to acquire Guardian Analytics, an AI cloud-based financial crime risk management solution provider. The combination of Nice Actimize and Guardian Analytics' fraud and anti-money laundering capabilities will allow firms of all sizes to accelerate the adoption of solutions, to protect their assets and customers. The acquisition is expected to close in the latter part of Q4.

07:39 EDT Sabre realigns business segments, implements workforce restructuring - Sabre is taking steps for the strategic realignment of its airline and agency-focused businesses, as well as other measures to support the new organizational structure. Sabre will focus on creating personalized offers with IT capabilities, processes and intelligence that allow suppliers to retail personalized offers through all channels; drive the future of distribution, including NDC, by increasing the value of supplier offers and the value of the GDS, enabling airlines to distribute personalized offers through the company's marketplace and through their direct channels; deliver a full-service property management system to serve enterprise hotels, collaborating with Accor, to build a full service property management system within a cloud platform; transform Sabre's technology in a 10-year preferred, strategic partnership with Google that includes migrating the company's IT infrastructure to Google Cloud; utilizing Google's data analytics tools and designing a broader innovation framework with Google. Team member furloughs will end on or before July 6, when Sabre will restore employee compensation back to 100% of base pay. Sabre is adopting a remote work program and a reduction in force expected to impact approximately 800 team members across 43 office locations, in addition to the separation of approximately 400 participants in previous voluntary severance and voluntary early retirement programs. The company's strategic realignment and related actions are expected to be substantially complete early in Q3.

07:35 EDT ReWalk finalizes U.S. distribution agreements for neuro rehabilitation lines - ReWalk Robotics has finalized and moved to implement two separate agreements to distribute additional product lines in the United States market. Upon commencement of the effective periods of these agreements, the Company will be the exclusive distributor of the MediTouch Tutor movement biofeedback systems in the United States, and will also have distribution rights for the MYOLYN MyoCycle Functional Electrical Stimulation cycles to U.S. rehabilitation clinics and personal sales through the U.S. Department of Veterans Affairs hospitals. The MediTouch Tutor movement biofeedback product line includes the Arm, Hand, 3D and Leg Tutor devices. These devices are used by physical and occupational therapists to evaluate functional tasks during rehabilitation of neurologic disorders, and can also be used by patients remotely at home. The system consists of sensors attached to textiles worn on the patient's hand, arm or leg to detect motion and a web-based program which uses game play to provide instruction and motivation to the patient user. The program also captures and evaluates patient progress and provides feedback to the clinician. The MYOLYN MyoCycles use FES to facilitate therapeutic exercise for persons with muscle weakness or paralysis caused by disorders like spinal cord injury, multiple sclerosis, and stroke. Similar to the ReWalk exoskeleton, these devices can be used in a clinic for rehabilitation or training for an individual to eventually use their own at home. Both the MyoCycle Pro for clinic use and MyoCyle Home for patient home use have Federal Supply Schedule contracts to facilitate sales to VA hospitals and patients with VA benefits. The Company previously discussed these agreements on its Q1 earnings call and is providing more detail at this time as it plans to implement them. The companies are currently preparing to train ReWalk's field teams on these devices and expect to launch commercial activities in July 2020.

07:32 EDT Biogen presents Phase 2 cutaneous lupus erythematosus data - Biogen shared positive data from the 16-week cutaneous lupus erythematosus portion of the Phase 2 LILAC study. The study evaluated the efficacy and safety of BIIB059, a fully humanized IgG1 monoclonal antibody targeting blood dendritic cell antigen 2 expressed on plasmacytoid dendritic cells. The data were presented at the European E-Congress of Rheumatology 2020, being held virtually from June 3-6, 2020. The CLE part of the LILAC study met its primary endpoint by demonstrating a dose response of BIIB059 on the percent change from baseline in the Cutaneous Lupus Erythematosus Disease Area and Severity Index Activity score at week 16 in people with CLE. Study participants with CLE that received 50 mg, 150 mg and 450 mg of BIIB059 experienced reductions in CLASI-A scores of 38.8 percent, 47.9 percent and 42.5 percent, respectively, versus 14.5 percent with placebo. CLASI-A is a well-defined and reliable outcome measure that has been shown to detect change in CLE skin disease activity. With respect to the secondary endpoint of CLASI-50 response, statistical significance was achieved in study participants who received 450 mg of BIIB059; 23.3 percent more participants achieved CLASI-50 response versus placebo. While not statistically significant, more participants treated with BIIB059 50 mg and 150 mg achieved a CLASI-50 response versus placebo. A CLASI-50 response is defined as a 50 percent improvement from baseline in CLASI-A score. The majority of adverse events in the LILAC study were mild or moderate and the incidence of serious adverse events was 7.1 percent versus 9.1 percent in participants that received BIIB059 versus placebo. Rate of infections was 34.3 percent versus 30.3 percent in participants that received BIIB059 versus those given placebo; no significant increased risk of infection has been identified. Eight participants, who all received BIIB059, discontinued study drug due to side effects. Overall, the safety and tolerability results further support the continued development of BIIB059. LILAC was a randomized, parallel, double-blind, placebo-controlled two-part study that evaluated BIIB059 versus placebo in participants with active CLE, including chronic and subacute subtypes, with or without systemic manifestations and in participants with systemic lupus erythematosus with active joint and skin manifestations. Final results from the SLE part of the LILAC study will be presented at a future medical congress.

07:27 EDT Michaels closing Darice wholesale operations - Michaels said in its Q1 earnings release, "Following the completion of a strategic review, on May 14, 2020 the Company announced that it plans to close its Darice wholesale operations. The Company will retain a sourcing-related office in China and expects the closure process to be substantially completed by November 30, 2020. The Company anticipates the fiscal year 2020 after-tax, primarily non-cash, cost of the closure to be in the range of $46 million to $52 million, consisting primarily of the liquidation of inventory, employee-related expenses and costs associated with the write-off of intangible assets. As of June 4, approximately 1,000 stores were open and fully operational. Based on the current state and local laws and guidance, the Company anticipates substantially all 1,273 Michaels stores will be open by the end of June 2020. Based on current trends, the Company believes it will use cash during its fiscal second quarter. Expected uses of cash during the second quarter include seasonal working capital and cash payments that were deferred from the first quarter. The Company expects to generate positive cash flow in the second half of fiscal 2020 and believes it has sufficient liquidity for the foreseeable future."

07:20 EDT O3 Mining increases drill program by 100,000 metres - O3 Mining announced that it has significantly expanded its current drill program in Val D'Or, Quebec, by 200%, which include the Malartic, Alpha and East Cadillac properties. O3 Mining has drilled approximately 26,000 metres as part of an originally announced 50,000 metres program in September 2019. Exploration success in the initial drilling campaign as well as the recently completed C$35M financing, provides the confidence to triple the drilling program to 150,000 metres. The first drill was mobilized earlier this week and more drills will continue to be mobilized in the near term. Highlights: 100,000 metres will be added to the current 50,000 metre drill program for a total of 150,000 metres to be completed by December 2021; The exploration budget for the expanded drill program is C$24M; Drilling will continue year-round, with three to five drill rigs expected this summer. Drilling will focus on: Malartic - Development and Advanced Exploration: Marban PEA results in Q4 2020; New regional drill targets to be explored on the Malartic property northwest of Marban. Alpha - Resource Development: Expansion laterally and down plunge at Sector 1, Sector 2 and Sector 3; Alpha - Advanced Exploration: Follow-up on the previous drilling at Sector 4, located immediately south from the Sigma-Lamaque mine; East Cadillac - Advanced Exploration: Expansion of mineralization at North Contact and Simon West.

07:13 EDT Lincoln Educational partners with PlansSource for benefits experience - PlanSource announced that Lincoln Financial Group has joined PlanSource Boost, an innovative partnership program created to enhance the benefits experience through optimized benefits shopping, simplified billing, preferred pricing and real-time API integrations.

07:12 EDT Ritchie Bros. reports over $81M of equipment sold in Forth Worth auction - Ritchie Bros. conducted its largest ever Fort Worth, TX auction selling close to 5,300 equipment items and trucks for over $81M. Due to the COVID-19 pandemic, the auction was held with online-bidding only and set a new site bidder record in the process, registering 11,600+ people from 68 countries. Approximately 93% of the equipment in the June 2 - 3, 2020 auction was sold to U.S. buyers, including 43% purchased by Texas buyers, while international buyers from such countries as Australia, Germany, and the United Arab Emirates purchased 7%. Mobile app purchases made up 17% of total sales.

07:11 EDT Vapotherm expects increased Precision Flow production, 350 additional jobs - Vapotherm announced an expansion in its capital equipment manufacturing capabilities. This expansion is expected to enable the company to increase production of its Precision Flow systems by up to 20 times above pre-COVID-19 pandemic levels. At maximum capacity, Vapotherm's manufacturing increase would create up to an additional 350 manufacturing jobs at its New Hampshire facility. This scaling up is in response to a potential increase in demand for the company's Precision Flow Hi-VNI system in the event of additional waves of COVID-19. The Precision Flow Hi-VNI system is a high-flow nasal cannula system using high velocity to treat the respiratory distress experienced by COVID-19 patients. The Company is also seeing expressions of interest from domestic and foreign governments, including a $9.9M blanket purchase agreement, or BPA, from the Department of Defense, or DoD, that was awarded on May 22 to support the acquisition of Precision Flow units by the country's 51 DoD hospitals. DoD hospitals have the option to seek funding, and if approved, place orders against the BPA's $9.9M cap to acquire Precision Flow devices for up to one year from the date of issuance.

07:09 EDT Air Transport Services to lease 12 additional 767 freighters to Amazon - Air Transport Services Group (ATSG) announced an agreement to lease twelve additional Boeing 767-300 converted freighter aircraft to Amazon.com Services (AMZN). The company said in a release, "One of the twelve aircraft was delivered on May 29 and the remaining eleven will be delivered in 2021. All twelve will be leased to Amazon for ten years, with options for Amazon to extend the leases for three additional years. Cargo Aircraft Management, ATSG's aircraft leasing subsidiary, currently leases twenty-seven 767 aircraft to Amazon, including six leased during 2019. In December 2018, Amazon committed to lease those six plus an additional four 767s from CAM by the end of 2020. The agreement announced today increases the projected number of 767s CAM will have leased to Amazon to 31 by the end of 2020 and to 42 by the end of 2021."

07:08 EDT Myriad Genetics announces publication of prospective study of EndoPredict Test - Myriad Genetics announced the publication of a prospective study demonstrating that the EndoPredict test predicts which patients with ER+, HER2- early-stage breast cancer will benefit from neoadjuvant therapy. The article titled, "The EndoPredict score predicts response to neoadjuvant chemotherapy and neoendocrine therapy in hormone receptor-positive, human epidermal growth factor receptor 2-negative breast cancer patients from the ABCSG-34 trial," appeared online in the European Journal of Cancer. The primary objective of this prospective study was to test the predictive value of the EndoPredict test regarding tumor response after neoadjuvant chemotherapy or neoadjuvant endocrine therapy within the ABCSG-34 trial. The analysis included data from 217 women with HR+ breast cancer. Of these, 134 patients were assigned to receive NaCT according to aggressive clinico-pathologic tumor features. The remaining 83 patients were clinically identified as having luminal A-like types of breast cancer and were assigned to receive NET. The primary endpoint was residual cancer burden RCB0/I vs. RCB II/III at time of surgery. In the neoadjuvant chemotherapy group, 125 patients had high EP scores and nine had a low EP score. The results show that 26.4 percent of those with a high score showed a good tumor response to neoadjuvant chemotherapy, while all patients with a low score showed only a poor tumor response. In the "luminal A" group receiving neoendocrine therapy, 39 patients had a high EP score and 44 had a low EP score. The results show that 27.3 percent of those with a low EndoPredict score and 7.7 percent with a high score achieved excellent tumor response to neoendocrine therapy.

07:06 EDT Bausch + Lomb receives FDA 510(k) clearance for BAUSCH + LOMB INFUSE daily - Bausch + Lomb, a business of Bausch Health Companies, announced that it has received 510(k) clearance from the U.S. FDA for BAUSCH + LOMB INFUSE daily disposable silicone hydrogel contact lenses.

07:04 EDT Esperion announces commercial availability of NEXLIZET tablets - Esperion announced that NEXLIZET tablets, an oral, once-daily, non-statin LDL-Cholesterol lowering combination medicine is now available in U.S. pharmacies. NEXLIZET provides significant efficacy with a positive risk-benefit profile and requires minimal to no paperwork for health care providers during this incredibly demanding and unprecedented time when patients start to re-focus on their long-term health needs and underlying conditions. Additionally, NEXLIZET is introduced with broad payer coverage for both eligible insured patients and those with Medicare Part D at an affordable price and co-pay. NEXLIZET offers healthcare providers the opportunity to simultaneously use complementary medicines in a single oral tablet with no titration. NEXLIZET is indicated as an adjunct to diet and maximally tolerated statin therapy for the treatment of adults with heterozygous familial hypercholesterolemia or established atherosclerotic cardiovascular disease who require additional lowering of LDL-C. The effect of NEXLIZET on cardiovascular morbidity and mortality has not been determined. NEXLIZET lowered LDL-C by a mean of 38 percent compared to placebo when added on to maximally tolerated statins. Results have been published in The European Journal of Preventive Cardiology. NEXLIZET is the second commercially available product from Esperion. The company introduced NEXLETOL Tablets on March 30, 2020 at the height of the Covid-19 pandemic and was the first new oral, once daily non-statin medicine approved in nearly 20 years for indicated patients. Esperion is committed to providing oral, once-daily non-statin LDL-C lowering treatment options that are affordable and accessible. Eligible patients with commercial drug insurance coverage may pay as little as $10 per fill, up to a 3-month supply. For those that need NEXLIZET or NEXLETOL, Esperion's mission is to considerably reduce cost as a burden for patients as they strive to achieve their long-term LDL-C goals.

07:03 EDT J.M. Smucker sees FY21 CapEx $300M - Sees FY21 effective tax rate 24%.

06:54 EDT The Buckle reports May sales down 16.8% y-o-y to $51M - The Buckle reported total net sales for May decreased 16.8% to $51.2M from net sales of $61.5M for the prior year 4-week fiscal month ended June 1, 2019. Buckle closed all brick and mortar stores due to the COVID-19 pandemic for an indefinite period beginning March 18. The company began the process of reopening certain stores the week of April 26, following state and local reopening guidelines. As of May 30, 367 stores had reopened, with approximately 30 additional stores reopening the week of May 31. The company's online store has remained open without interruption. As a result of the store closures, the company plans to only report total net sales each month and does not plan to separately report comparable store sales during this time.

06:40 EDT Denison Mines says Phoenix hydrogeologic model produced proof of concept for ISR - Denison Mines announced that the hydrogeologic model developed by Petrotek, for the high-grade Phoenix uranium deposit, produced demonstration of "proof of concept" for the application of the In-Situ Recovery, or ISR, mining method at Phoenix, with respect to potential operational extraction and injection rates. The hydrogeologic model was developed based on the data collected from the ISR field test completed in 2019. Based on the results from the hydrogeologic model, Denison is also pleased to announce the details of its plans for the continuation of ISR field testing in 2020, within Phoenix, at the Company's 90% owned Wheeler River Uranium Project, located in northern Saskatchewan, Canada.

06:10 EDT IBM Services collaborates with Lotte Card - IBM announced that the Korean credit card company, Lotte Card, is collaborating with IBM Services to transition its entire enterprise system, including mission critical and core financial accounting systems, to a hybrid cloud environment. IBM said in a release, "By using cloud native technology from IBM and Red Hat Openshift to migrate its core business applications to a managed private cloud, Lotte Card aims to achieve greater visibility, scalability, security and speed while reducing costs, risk and complexity to its IT infrastructure so it can deliver innovative services to its clients. This agreement was signed during IBM's Q1."

06:09 EDT HollyFrontier to cut cash compensation for non-employee directors by 10% - On June 3, in light of current economic conditions and in line with other expense reduction actions being taken by HollyFrontier, at the request of Michael Jennings, the Compensation Committee of the Board of Directors of the Corporation approved a 10% salary reduction for Jennings for the remainder of 2020, effective July 1. In addition, the Board approved a 10% reduction in the cash compensation to be paid to the non-employee directors for the remainder of 2020, effective July 1.

06:08 EDT Inovio, IVI partner with Seoul National University Hospital on INO-4800 trial - Inovio, the International Vaccine Institute, or IVI, and Seoul National University Hospital announced a partnership to start a Phase 1/2 clinical trial of Inovio's COVID-19 vaccine INO-4800 in South Korea at a signing ceremony. The 2-stage trial of INO-4800, the first clinical study of COVID-19 vaccine in Korea, will assess the safety, tolerability, and immunogenicity of the candidate vaccine in 40 healthy adults aged 19-50 years, and will further expand to enroll an additional 120 people aged 19-64 years. The trial, which aims to start later in June, is funded by the Coalition for Epidemic Preparedness Innovations through Inovio and is supported by the Korea Center for Disease Control and Prevention/Korea National Institute of Health. In normal circumstances, it would generally take several years to start clinical trials of a new vaccine. In the midst of the COVID-19 pandemic, however, the trial in Korea will be conducted just two months after a similar clinical study began in the United States in early April.

06:02 EDT Sprague Resources announces withdrawal of proposal to buy all its common units - Sprague Resources LP announced that Sprague Resources Holdings has withdrawn its previously announced non-binding proposal, dated March 25, to acquire all of the outstanding common units of Sprague that Holdings and certain of its affiliates do not already own.

05:14 EDT JinkoSolar receives final determination of non-infringement in ITC patent probe - JinkoSolar announced that the United States International Trade Commission, or ITC, issued a favorable final determination concluding JinkoSolar's products do not infringe a patent asserted by Hanwha Q CELLS. The company said in a release, "In March 2019, Hanwha initiated ITC Investigation No. 337-TA-1151 against JinkoSolar, LONGi Solar, and REC Group, asserting that the companies infringe U.S. Patent No. 9,893,215. On June 3, 2020, the Commission issued its final determination in JinkoSolar's favor, affirming the Administrative Law Judge's initial determination in April, which was based on analysis of detailed, expert testimony, that JinkoSolar's products do not infringe Hanwha's patent."