Stockwinners Market Radar for August 18, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
GFL | Hot Stocks19:57 EDT GFL Environmental up 1.9% afterhours following Goldman Sachs upgrade to Buy
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EA | Hot Stocks19:34 EDT Electronic Arts Chief Accounting Officer sells 14K shares of common stock - In a regulatory filing, Electronic Arts disclosed that its Chief Accounting Officer Kenneth Barker sold 14K share of common stock on August 18th in a total transaction size of $2.0M.
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GILD | Hot Stocks19:27 EDT Gilead receives CRL for filgotinib from FDA - Gilead Sciences, Inc. announced that the U.S. Food and Drug Administration has issued a complete response letter for the New Drug Application for filgotinib, an investigational treatment for moderately to severely active rheumatoid arthritis. The FDA has requested data from the MANTA and MANTA-RAy studies before completing its review of the NDA. The MANTA and MANTA-RAy studies are designed to assess whether filgotinib has an impact on sperm parameters. The FDA also has expressed concerns regarding the overall benefit/risk profile of the filgotinib 200 mg dose. "We are disappointed in this outcome and will evaluate the points raised in the CRL for discussion with the FDA. We continue to believe in the benefit/risk profile of filgotinib in RA, which has been demonstrated in the FINCH Phase 3 clinical program," said Merdad Parsey, MD, PhD, Chief Medical Officer, Gilead Sciences.
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WMT... | Hot Stocks19:22 EDT Trump says Amazon should be charged 'much more' per package by USPS - U.S. President Donald Trump tweeted that Amazon (AMZN), "and others in that business, should be charged (by the U.S. Postal System) much more per package, and the Post Office would be immediately brought back to "good health", now vibrant, with ALL jobs saved. No pass on to customers. Get it done!" The Fly notes that the tweet follows Postmaster General Louis DeJoy's announcement that he was suspending recent operational changes for the Postal Service until after the U.S. election and after a multistate coalition of attorneys general announced a lawsuit to challenge the president's "de facto attack on a free and fair election." Publicly traded shipping companies include UPS (UPS) and FedEx (FDX). Amazon, Walmart (WMT) and Target (TGT) are some of the biggest shippers of commercial parcels in the U.S., The Fly notes. Reference Link
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MO | Hot Stocks19:16 EDT Juul Labs' PMTA filed by FDA for substantive review - Juul Labs announced that it received notice from the Food and Drug Administration that the company's Premarket Tobacco Product Applications will enter the substantive review phase. Last month, Juul Labs submitted PMTAs to the FDA for the company's JUUL System - an electronic nicotine delivery system product. The company's submission includes comprehensive scientific evidence for the JUUL Device and JUULpods in Virginia Tobacco and Menthol flavors at nicotine concentrations of 5.0% and 3.0%, as well as information on data-driven measures to address underage use of the company's products. The FDA will now begin a substantive scientific review of the applications. Joe Murillo, Chief Regulatory Officer at Juul Labs said: "We will continue to follow the PMTA process and look forward to this next step as the FDA commences substantive review of the application." The Fly notes that Juul is 35% owned by Altria Group.
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COLM | Hot Stocks18:44 EDT Columbia Sportswear CEO: Black dot is going to be a game-changer for us - In an interview on CNBC's Mad Money, Tim Boyle said, "we've always called ourselves a democratic brand." Columbia has a big e-commerce business and it continues to invest in the platform, according to Boyle. The company has a "robust omnichannel exposure to the brand," he said.
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RIO | Hot Stocks18:43 EDT Rio Tinto lowers copper output target on restart delay at Kennecott - The company states: "Rio Tinto's Kennecott mine in Utah has experienced delays to the restart of the smelter due to unexpected issues that appeared following planned maintenance. We are working closely with our customers to limit any disruptions and expect to have the smelter fully operational in two months. As a result, Rio Tinto group production guidance for refined copper in 2020 is now 135-175 kt vs. 165-205 kt previously."
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TTEK | Hot Stocks18:31 EDT Tetra Tech awarded $29.7M contract by USAID - Tetra Tech announced that the U.S. Agency for International Development, or USAID, awarded the Company a five-year, $29.7M single-award contract for the continuation of its Scaling Up Renewable Energy project, or SURE II. Under SURE II, Tetra Tech will provide technical services to promote reliable, cost-effective, and environmentally responsible solutions to increase adoption of renewable and advanced energy technologies
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SPKE | Hot Stocks18:11 EDT Spark Energy authorizes share buyback of up to $20M of Class A common stock - Spark Energy announced that its board of directors has authorized a share buyback program of up to $20M of Spark's Class A common stock, par value $0.01 per share through August 18, 2021. The company intends to fund the program through available cash balances and borrowings under its Senior Credit Facility, as well as future operating cash flows.
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MSFT | Hot Stocks18:01 EDT Microsoft's Hogan sells over 30,000 common shares - In a regulatory filing, Microsoft EVP of Human Resources Kathleen T. Hogan disclosed the sale of 30,871 common shares of the company on August 17 at a price of $209.8981 per share.
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FOX | Hot Stocks17:57 EDT Fox Corp CEO buys 229K shares of common stock - In a regulatory filing, Fox Corp disclosed that its CEO Lachlan Murdoch bought 229K share of common stock on August 15th in a total transaction size of $5.9M.
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MNST | Hot Stocks17:49 EDT Monster Beverage's Kelly sells 10,249 common shares - In a regulatory filing, Monster Beverage EVP Thomas J. Kelly disclosed the sale of 10,249 common shares of the company on August 14 at a price of $83.53 per share.
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UAL | Hot Stocks17:45 EDT United Airlines doubles service between San Francisco and Shanghai - United Airlines announced it will increase service to China from two to four weekly flights between San Francisco and Shanghai's Pudong International Airport via Seoul's Incheon International Airport. Beginning Sept.4, 2020, United will operate four weekly flights with Boeing 777-300ER aircraft from San Francisco to Shanghai on Wednesdays, Fridays, Saturdays and Sundays. Customers traveling from Shanghai will return to San Francisco on Mondays, Thursdays, Saturdays and Sundays. Tickets will be available for purchase beginning Wednesday, Aug.19 on united.com and the United mobile app. "United has served mainland China for more than three decades and we look forward to continuing to connect customers traveling between the U.S. and Shanghai with two additional flights beginning in September," said Patrick Quayle, United's vice president of International Network and Alliances.
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PGNY | Hot Stocks17:42 EDT Progyny CFO sells 110K shares of common stock - In a regulatory filing, Progyny disclosed that its CFO Peter Anevski sold 110K share of common stock on August 14th-17th in a total transaction size of $3.3M.
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JKHY | Hot Stocks17:40 EDT Jack Henry falls 9% to $179 after FY21 guidance trails estimates
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GVA | Hot Stocks17:33 EDT Granite awarded C$12M sewer maintenance project in Ontario, Canada - Granite announced that Granite Inliner, a wholly-owned subsidiary with one of the most comprehensive service portfolios in the piping infrastructure renewal industry, has been awarded the Fletcher's Creek Trunk Sewer and Maintenance Hole Rehabilitation Project by The Region of Peel, Canada. The C$12M contract will be booked into Granite's third quarter 2020 backlog. The project will be completed by LiquiForce, Granite Inliner's Canadian-based rehabilitation services company. The Fletcher's Creek Sanitary Trunk Sewer is a large diameter trunk sewer, approximately 4.1 kilometers long, including 42 manholes and 41 sewer segments. The existing pipe is circular concrete installed between 2000-2006 and varies in sizes from 750 millimeters, 975 millimeters and 1200 millimeters. LiquiForce will be responsible for the rehabilitation of 41 main line sewer segments as well as the rehabilitation of 42 maintenance holes. "We look forward to continuing our relationship with The Region of Peel to rehabilitate their existing pipelines," said Granite Regional Vice President Ralph Bonanotte. "Our team is perfectly positioned to deliver this complex project on time and within budget." Construction is scheduled to begin in August 2020 and is estimated to be complete in June 2021.
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SRNE | Hot Stocks17:28 EDT Sorrento Therapeutics drops 16% to $10.29 after CFO terminated
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SRNE NUVA | Hot Stocks17:27 EDT Sorrento Therapeutics CFO Jiong Shao terminated, Najjam Asghar to succeed - In a regulatory filing, Sorrento (SRNE) said, "On August 17, 2020 Jiong Shao's employment with Sorrento Therapeutics terminated in its entirety, effective immediately. Shao previously served as the company's Executive Vice President and Chief Financial Officer. Effective August 18, 2020, the company appointed Najjam Asghar as the company's Chief Financial Officer. Upon commencement of his appointment, Asghar assumed the duties of the company's principal financial officer and principal accounting officer until such time as his successor is appointed, or until his earlier resignation or removal. Prior to Asghar's appointment as the company's Chief Financial Officer, Asghar served as the company's Chief Accounting Officer since June 2019. Prior to joining the company, Asghar served NuVasive (NUVA) in various capacities from October 2015 to June 2019."
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INVH | Hot Stocks17:16 EDT Invitation Homes CEO sells 80K shares of common stock - In a regulatory filing, Invitation Homes disclosed that its CEO Dallas Tanner sold 80K share of common stock on August 17th in a total transaction size of $2.4M.
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RAMP | Hot Stocks17:09 EDT LiveRamp's Henderson sells 12,000 common shares - In a regulatory filing, LiveRamp director William J. Henderson disclosed the sale of 12,000 common shares of the company on August 14 at a price of $51.50 per share.
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ALC | Hot Stocks17:00 EDT Alcon cannot estimate FY20 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. In addition, the company is focused on inventory management and preparing its commercial programs to support the market recovery."
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NHYDY | Hot Stocks16:59 EDT Norsk Hydro halts Paragominas bauxite mine pipeline for extended maintenance - Hydro has halted operation of the pipeline transporting bauxite from Hydro's Paragominas bauxite mine to the alumina refinery Alunorte for extended maintenance, temporarily halting production at the mine, and reducing production at Alunorte. Hydro had scheduled the replacement of two sections of the pipeline in Q3 and Q4, as part of the long-term maintenance plan for the pipeline. During the planned maintenance work in Q3, it was discovered that a section of the pipeline had deteriorated faster than expected. Based on a technical assessment, it was decided to extend the maintenance and replace this section of the pipeline earlier than initially scheduled.The work will commence immediately, and operations are expected to resume within two months. During this period, production at Alunorte will be reduced, expected to a level between 35%-45% of full capacity, to balance bauxite inventories. The reduced production will impact the financial results for Q3. Hydro is taking all necessary measures to mitigate any customer impact.
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EXR | Hot Stocks16:55 EDT Extra Space Storage Chairman Kenneth Woolley sells over $10M in shares - Extra Space Storage Chairman Kenneth Woolley disclosed in a filing that he had sold 97,163 shares of company stock at $104.28 per share on June 5. The total transaction value of the sale was $10,132,265
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ETSY | Hot Stocks16:47 EDT Etsy to reinitiate stock buybacks in Q4 - In a regulatory filing, Etsy states: "In November 2018, Etsy's board of directors approved a stock repurchase program authorizing Etsy to repurchase up to $200M of its common stock. In August 2020, Etsy's board of directors determined to reinitiate purchases under this stock repurchase program beginning in the fourth quarter of 2020, after temporarily pausing share repurchases in the second quarter of 2020 in light of the macroeconomic situation related to COVID-19. As of June 30, 2020, $77.5M of Etsy's common stock remained available for repurchase under this program."
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APG | Hot Stocks16:46 EDT APi Group chief learning officer Grunau acquires 70,000 common shares - In a regulatory filing, APi Group chief learning officer Paul W. Grunau disclosed the acquisition of 70,000 common shares of the company on August 14 at a price of $14.74 per share.
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ALBO | Hot Stocks16:43 EDT Albireo Pharma's phase 2 trial of Elobixibat doesn't achieve PoC in NASH - The company states: "Albireo Pharma announced topline results from the Phase 2 proof- of-concept clinical trial evaluating elobixibat, its ileal bile acid transporter inhibitor currently approved in Japan for chronic constipation, for the treatment of nonalcoholic fatty liver disease and nonalcoholic steatohepatitis, or NASH. Following promising results in preclinical studies, the Phase 2 study achieved the primary endpoint of reduction of low-density lipoprotein cholesterol but did not achieve proof-of-concept for other key NASH measures. Elobixibat achieved the primary endpoint of a reduction in LDL-C with a clinically meaningful effect of -20.5 mg/dL in serum LDL-C compared to -11.1 mg/dL, elobixibat vs. placebo. These reductions were in addition to lipid lowering treatment where 56.5% of the elobixibat and 45.8% of the placebo patients were on stable lipid lowering therapy at baseline. Liver fat reduction in the elobixibat group was -2.6% as measured by MRI PDFF. The baseline alanine aminotransferase levels were within the normal range and there was no meaningful change observed in the study. Overall elobixibat was well tolerated, with adverse event incidence similar to placebo and with no serious adverse events or discontinuations due to treatment. The study showed an acceptable gastrointestinal tolerability with 3 of 23 elobixibat patients reporting mild to moderate transient diarrhea attributable to drug treatment." CEO Ron Cooper says: "We wanted to investigate the potential of elobixibat in NASH and allocated minimal resources to an exploratory Phase 2 study. Based on the results of this study, we have made the decision not to pursue further development of elobixibat in NASH. Our main focus continues to be on odevixibat in rare pediatric liver diseases and we look forward to our Phase 3 topline data in the coming weeks."
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ETN | Hot Stocks16:35 EDT Eaton's Fearon sells 50,000 ordinary shares - In a regulatory filing, Eaton Corp.'s Richard H. Fearon disclosed the sale of 50,000 ordinary shares of the company on August 17 at a price of $101.98 per share.
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PSN | Hot Stocks16:35 EDT Parsons completes requirements for operating DOE Salt Waste Processing Facility - Parsons has completed all necessary steps to begin the treatment of radioactive waste at the Department of Energy's, or DOE, Salt Waste Processing Facility, or SWPF, in Aiken, South Carolina. The purpose-built facility will process the site's salt waste at seven to eight times the rate it is being processed currently. In 2002, the DOE selected Parsons to design, build, commission and operate SWPF with the goal of processing 31 million gallons of radioactive salt waste stored in underground tanks at the Savannah River Site, or SRS. Removing salt waste, which fills over 90% of tank space in the SRS tank farms, is a step toward emptying and closing the site's remaining 43 high-level waste tanks. Parsons finished building SWPF in April 2016, eight months ahead of schedule and more than $65M under the target cost of the contract for construction activities. After completing the initial separation process, the concentrated high-activity waste will be sent to the nearby Defense Waste Processing Facility where it will be immobilized in glass and stored in vaults until it can be placed in a geological repository. The decontaminated salt solution will be mixed with cement-like grout at the nearby Saltstone facility for disposal onsite. Parsons has supported the Department of Energy at the Savannah River Site for more than 30 years and has served as the prime SWPF contractor since 2002, with responsibility for design, development and commissioning as well as operating the facility for one year.
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GS | Hot Stocks16:33 EDT Goldman Sachs enters into settlement agreement with Malaysia, 1MDB - In a regulatory filing, Goldman Sachs said that on August 18, 2020, it entered into a Settlement Agreement with the Government of Malaysia and 1Malaysia Development Berhad that implements the prior agreement in principle among the parties, which was previously disclosed on the firm's Form 8-K, dated July 24, 2020.
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CAC | Hot Stocks16:32 EDT Camden National promotes Timothy Nightingale to Chief Credit Officer - Camden National Bank announced that effective September 1, Timothy Nightingale will become executive VP, Chief Credit Officer, and Ryan Smith will be promoted from senior VP, Director of Credit Administration to executive VP, Commercial Banking. Nightingale joined Camden National Bank more than 20 years ago and most recently served as executive VP, Senior Loan Officer. Smith joined the bank in 2012 and has since been promoted to leadership roles in commercial banking, treasury management, and credit administration, culminating in his new position on the executive team.
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AFG | Hot Stocks16:31 EDT American Financial Group raises annual dividend 11% to $2.00 per share - The increased dividend, when declared, will be paid on a quarterly basis of 50c per share of common stock beginning in October.
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PINS | Hot Stocks16:26 EDT Pinterest appoints first black board member, Andrea Wishom former Harpo EVP - Pinterest announced yesterday, it had appointed Andrea Wishom, President at Skywalker Holdings and former Executive Vice President at Harpo Productions, to its Board of Directors. "For the past few months, the board has been meeting with many great candidates, and Andrea stood out for several reasons," said Ben Silbermann, CEO and co-founder, Pinterest. "She's an expert in creating positive and inspirational content for global audiences, and a passionate advocate for building a company culture of respect, integrity, inclusion and support -- areas in which we must innovate and improve. Andrea has spent her career outside of Silicon Valley and has a vision for reimagining the board/employee relationship. We welcome her creativity and authenticity, and I'm honored to grow Pinterest alongside her." "I want to thank the entire Pinterest board for this opportunity," said Andrea Wishom. "In this unprecedented moment in time, I'm excited to join the board of a global company that has provided exploration and inspiration to so many, including myself. I've been a Pinner since 2011 and having a one-of-a-kind platform that helps us achieve our goals and dreams is needed now more than ever.
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LZB | Hot Stocks16:18 EDT La-Z-Boy reinstates quarterly dividend of 7c per share - The board elected to reinstate a regular quarterly dividend to shareholders of $0.07 per share, 50% of the dividend amount paid quarterly prior to the company's suspension of dividends as part of its COVID-19 Action Plan. The dividend will be paid on September 15, 2020, to shareholders of record as of September 3, 2020.
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LZB | Hot Stocks16:18 EDT La-Z-Boy CEO says 'cautiously optimistic' heading into fall - CEO Kurt Darrow added: "We are cautiously optimistic as we head into the fall, based on current demand trends, but recognize the pandemic is still upon us and much uncertainty exists on a variety of fronts. We remain agile in managing the business day to day, focusing on service to customers while maintaining financial conservatism. We are proud to have delivered strong cash results in this challenging first quarter, with $106 million in cash from operations and a strong balance sheet which enables us to navigate this uncertain time."
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GFL | Hot Stocks16:17 EDT GFL Environmental says Spruce Point report 'baseless, without merit' - GFL Environmental commented on the misleading and false statements reported earlier by Spruce Point Capital Management relating to GFL's management and its financial and business practices. The report contains numerous inaccuracies and mischaracterizations, which GFL believes are solely intended to benefit Spruce Point, who has disclosed that it stands to profit significantly in the event that the stock price of GFL declines. "We are very disappointed by the baseless report put out today by Spruce Point Capital," said Dino Chiesa, lead independent director of the board of GFL. "Spruce Point has never engaged with the company and the report is without merit. We have the support of our shareholders and the utmost confidence in management, who have held themselves to the highest ethical standards. We continue to believe in the strategy of the business and its focus on creating long-term shareholder value."
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COF | Hot Stocks16:16 EDT Capital One VP Golden sells almost $400K in company shares - Capital One VP Timothy Golden sells 5,724 shares of company stock at $69.11 per share on August 14 for a total transaction value of $395,586.
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AXDX | Hot Stocks16:16 EDT Accelerate Diagnostics announces FDA EUA for COVID-19 antibody testing system - Accelerate Diagnostics and BioCheck, a privately-held San Francisco-based company focused on in vitro diagnostics, announced that the FDA has issued an Emergency Use Authorization,. or EUA, for the BioCheck SARS-CoV-2 IgM and IgG Combo Test and fully-automated MS-Fast instrument. In accordance with the previously disclosed commercial supply and collaboration agreement, Accelerate Diagnostics will market, commercialize, and support this serology-based testing platform. The MS-Fast system and BioCheck SARS-CoV-2 chemiluminescence tests are capable of processing human serum samples in 30 minutes to detect antibodies that indicate recent or prior COVID-19 infection.
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MRCY | Hot Stocks16:16 EDT Mercury Systems awarded patent for cyberattack protection technology - Mercury Systems, Inc. announced the receipt of a new U.S. patent covering various methods to protect controller area network--based systems from malicious cyberattacks. This new patent adds to Mercury's intellectual property portfolio of more than 80 issued patents. A wide range of applications and market segments utilize CAN-based systems, such as electronic control units in automotive electronics or avionics. When these systems are interconnected, cyberattacks may potentially compromise them, leading to financial loss or even safety issues. Mercury's Broadcast Bus Frame Filter protects ECUs against hacking attempts with zero latency and can be used with any system with a CAN bus, including automotive, military, and industrial systems.
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A | Hot Stocks16:13 EDT Agilent slips 2.3% after Q3 results
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VJET | Hot Stocks16:11 EDT Voxeljet transfers listing to Nasdaq from NYSE - voxeljet AG announced that it will voluntarily transfer the listing of its American Depositary Shares from The New York Stock Exchange to the NASDAQ Capital Market, effective August 28, 2020, after market close. voxeljet's ADSs are expected to begin trading as a NASDAQ-listed security at market open on August 31, 2020, and will continue to be listed under the ticker symbol "VJET."
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AGLE | Hot Stocks16:11 EDT Aeglea BioTherapeutics to present at World Orphan Drug Congress USA 2020 - Aeglea BioTherapeutics announced it will participate in two presentations at the World Orphan Drug Congress USA 2020 being held virtually August 24-27. Presentation Details: Panel Title: Stronger Together: Continuing industry and patient partnerships to ensure inclusion of patient voice along the full continuum of development, from pre-clinical through commercialization.
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QGEN | Hot Stocks16:09 EDT Qiagen expands Coronavirus NGS to accelerate COVID-19 research - QIAGEN launched the innovative QIAseq SARS-CoV-2 Primer Panel for next-generation sequencing of the novel coronavirus genome, along with integrated analysis and interpretation workflows for insights into the evolution and spread of the virus that causes COVID-19 disease. The new products are an expansion of QIAGEN's broad offering of sample technologies, diagnostic tests and instruments, and research tools for use in the global effort to combat the COVID-19 pandemic.
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LPLA | Hot Stocks16:07 EDT LPL Financial closes E.K. Riley asset acquisition - LPL Financial Holdings announced the closing of its acquisition of assets of E.K. Riley Investments,, a broker-dealer and registered investment advisor based in Seattle. E.K. Riley Investments serves more than $2 billion of client assets, which are expected to onboard to LPL's platform by the end of 2020. Approximately 90 percent of the firm's 35 independent advisors are expected to join LPL. "It is a privilege and honor to welcome the E.K. Riley team to LPL. An established and successful firm, E.K. Riley recognized the value that a partnership with LPL could bring to their firm today as well as into the future. One way we demonstrate our commitment to our advisors is through the delivery of relevant resources and technology that help them thrive in today's competitive environment. And with our scale and unwavering advisor focus, our clients can be assured they have a partner who will invest in their success over the long run," said Rich Steinmeier, LPL Financial managing director and divisional president, Business Development. "We are excited to connect the E.K. Riley team to the business solutions, technology and personalized service and support that can help them drive efficiency into their practices and deliver an enhanced experience to their clients. We look forward to being their committed partner for many, many years to come." "Our partnership with LPL is the result of overall cultural similarities between our organizations," said Brian Bertsch, President of E.K. Riley. "We continue to be consistently impressed with their people-centric culture. We are excited to see our advisors thrive as part of the LPL family." Edward Riley, Chairman and CEO of E.K. Riley, agreed: "LPL's culture, technology, and other capabilities allow our financial advisors to offer outstanding service and advice to their clients." The transaction was structured as an asset purchase, and closed on August 18, 2020. LPL continues to anticipate a transaction multiple of ~6x post-synergy EBITDA
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INCY MOR | Hot Stocks16:06 EDT Incyte, Morphosys announce Monjuvi included in NCCN guidelines - MorphoSys AG (MOR) and Incyte (INCY) announced that Monjuvi, a humanized Fc-modified cytolytic CD19 targeting monoclonal antibody, has been included in the latest National Comprehensive Cancer Network Clinical Practice Guidelines, NCCN Guidelines, in Oncology for B-cell Lymphomas. Specifically, the NCCN Guidelines in the United States now include Monjuvi in combination with lenalidomide with a Category 2A designation as an option for the treatment of previously-treated adult patients with relapsed or refractory diffuse large B-cell lymphoma not otherwise specified, including DLBCL arising from low grade lymphoma who are ineligible for autologous stem cell transplant.
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T | Hot Stocks16:03 EDT AT&T announces additional early repayment of $1.2B in debt - AT&T has issued notices for the redemption in full of all the outstanding principal amount of three series of bonds totaling approximately $1.2B. When completed, the company will have refinanced or repaid $19.4B of near-term debt obligations since the end of the second quarter through make-whole redemptions, tender offers and repayment of scheduled maturities. Of this amount, $8.2B will reduce the company's debt maturing within one year.
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TXN | Hot Stocks16:02 EDT Texas Instruments names Haviv Ilan as COO - Texas Instruments said Haviv Ilan has been promoted to executive vice president and COO. Ilan is a 21-year veteran of the company and most recently led TI's Analog Signal Chain business. As COO, he will oversee the company's business and sales organizations, technology and manufacturing operations and information technology services. Ilan joined TI in 1999 through the acquisition of Butterfly, a wireless connectivity start-up. Prior to leading TI's Analog Signal Chain business, he led TI's High Performance Analog organization and was a vice president in TI's Embedded Processing organization, leading the wireless connectivity business.
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T | Hot Stocks16:02 EDT AT&T announces additional early repayment of $1.2B in deb - AT&T has issued notices for the redemption in full of all the outstanding principal amount of three series of bonds totaling approximately $1.2B. When completed, the company will have refinanced or repaid $19.4B of near-term debt obligations since the end of the second quarter through make-whole redemptions, tender offers and repayment of scheduled maturities. Of this amount, $8.2 billion will reduce the company's debt maturing within one year.
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T | Hot Stocks16:02 EDT AT&T announces additional early repayment of $1.2B in deb - AT&T has issued notices for the redemption in full of all the outstanding principal amount of three series of bonds totaling approximately $1.2B. When completed, the company will have refinanced or repaid $19.4B of near-term debt obligations since the end of the second quarter through make-whole redemptions, tender offers and repayment of scheduled maturities. Of this amount, $8.2 billion will reduce the company's debt maturing within one year.
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MYL BIIB | Hot Stocks15:58 EDT FDA posts approval of Mylan generic of Biogen's Tecfidera - The FDA on its website posted approval of Mylan's (MYL) generic version of Biogen's (BIIB) multiple sclerosis drug Tecfidera. The approval for Mylan to sell dimethyl fumarate, the active ingredient in Tecfidera, was granted Monday, according to the FDA's Orange Book, Bloomberg notes. Reference Link
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WMT CVS | Hot Stocks15:27 EDT West Virginia sues Walmart, CVS alleging oversupply of opioids - West Virginia Attorney General Patrick Morrisey filed lawsuits Tuesday against Walmart (WMT) and CVS Health (CVS) "alleging the two opioid distributors should pay for helping create the state's opioid epidemic and act to remediate what became a public health and financial crisis." The lawsuits allege Walmart and CVS, as individual distributors, "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 Walmart and CVS each knew its obligation to halt suspicious orders to its retail pharmacies, but failed to monitor for and report such activity. Walmart and CVS were each among the state's top 10 opioid distributors from 2006 to 2014, Morrisey said in a statement. Both lawsuits seek injunctive and equitable relief. Reference Link
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IEX | Hot Stocks15:21 EDT Idex Corp. COO Ashleman sells 8,101 common shares - In a regulatory filing, Idex Corp. president and COO Eric D. Ashleman disclosed the sale of 8,101 common shares of the company on August 14 at a price of $176.1062 per share.
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ROL | Hot Stocks15:07 EDT Rollins announces death of board chairman R. Randall Rollins - Rollins announced the passing of R. Randall Rollins, the company's chairman of the board. Board members Gary Rollins and Henry Tippie will continue in their respective leadership roles until succession plans are announced, the company added.
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CHNG | Hot Stocks15:06 EDT Change Healthcare acquires Nucleus.io - Change Healthcare announced the acquisition of Nucleus.io, a developer of advanced, fully enabled, cloud-native imaging and workflow technology. Nucleus.io expands Change Healthcare's addressable market by leveraging the over 7,500 organizations Nucleus.io currently serves.
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GIS | Hot Stocks14:01 EDT General Mills recalls 3,000 mislabeled cans of Progresso Organic soup - General Mills announced a voluntary national recall of 14 ounce cans of Progresso Organic Chicken Noodle Soup. This recall is for one date code: better if used by date of May 26, 2022, which amounts to less than 3,000 cans. The recall is being issued because the cans were mislabeled and the product inside contains allergens including soy and dairy which are not labelled on the can.
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TM | Hot Stocks14:01 EDT Toyota launches all-new car leasing, subscription program in India - Toyota Kirloskar Motor announced the launch of its all-new car leasing & subscription program in India through a new vertical, Toyota's Mobility Service that will spearhead TKM's future mobility initiatives in India. To start with, Toyota's Mobility Service will provide leasing and subscription to customers in cities like Delhi-NCR, Bangalore and Mumbai & gradually expand it to ten more cities within the first year. To start with, TKM will partner with existing Brand "KINTO" under Toyota Financial Services, ALD Automotive India & SMAS Auto Leasing India Pvt Ltd. Under this new initiative, customers can pick cars of their choice for a tenure of three to five years on a fixed monthly fee on lease. The monthly fee will be inclusive of vehicle maintenance, insurance and roadside assistance. For subscription, customers will have the flexibility to opt for short-term usage of 24 months to 48 months. Car leasing & subscription gives the convenience of ownership with added flexibilities. It also gives the customer to choose from a variety of products that TKM offers in India, including the Glanza, Yaris, Innova Crysta, Fortuner and the soon to be launched, Urban Cruiser. Reference Link
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SPX... | Hot Stocks13:59 EDT Postmaster General suspends operational changes until after U.S. election - U.S. Postmaster General Louis DeJoy issued a statement: "The United States Postal Service will play a critical role this year in delivering election mail for millions of voters across the country. There has been a lot of discussion recently about whether the Postal Service is ready, willing and able to meet this challenge. I want to make a few things clear: The Postal Service is ready today to handle whatever volume of election mail it receives this fall. Even with the challenges of keeping our employees and customers safe and healthy as they operate amid a pandemic, we will deliver the nation's election mail on time and within our well-established service standards. The American public should know that this is our number one priority between now and election day. The 630,000 dedicated women and men of the Postal Service are committed, ready and proud to meet this sacred duty. I am announcing today the expansion of our current leadership taskforce on election mail to enhance our ongoing work and partnership with state and local election officials in jurisdictions throughout the country. Leaders of our postal unions and management associations have committed to joining this taskforce to ensure strong coordination throughout our organization. Because of the unprecedented demands of the 2020 election, this taskforce will help ensure that election officials and voters are well informed and fully supported by the Postal Service. I came to the Postal Service to make changes to secure the success of this organization and its long-term sustainability. I believe significant reforms are essential to that objective, and work toward those reforms will commence after the election. In the meantime, there are some longstanding operational initiatives - efforts that predate my arrival at the Postal Service - that have been raised as areas of concern as the nation prepares to hold an election in the midst of a devastating pandemic. To avoid even the appearance of any impact on election mail, I am suspending these initiatives until after the election is concluded." DeJoy added in his statement that he wants to "assure all Americans" that retail hours at post ofifces will not change, that mail processing equipment and blue collection boxes will stay where they are, that no mail processing facilities will be closed, and that overtime has, and will continue to be, approved as needed. "In addition, effective Oct. 1, we will engage standby resources in all areas of our operations, including transportation, to satisfy any unforeseen demand," DeJoy also noted. Publicly traded shipping companies include UPS (UPS) and FedEx (FDX). Amazon (AMZN), Walmart (WMT) and Target (TGT) are some of the biggest shippers of commercial parcels in the U.S., The Fly notes. Reference Link
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ODC | Hot Stocks13:50 EDT Oil-Dri issued patent in Europe for antibiotic-free animal protein production - Oil-Dri Corporation of America announces that the European Patent Office has issued Patent EP 2906238. The patent covers the unique formulation of two existing mineral-based natural feed additives, Varium for poultry and NeoPrime for swine, that are helping global animal protein producers thrive in an era of antibiotic-free production. This patent will be validated in Belgium, France, Germany, Great Britain, Hungary, Italy, Poland, Portugal, Spain and Turkey, bringing the total number of countries to 12 that have issued patent protection for the mineral-based formula. Earlier this year, the United States Patent and Trademark Office issued a patent for the formulations featured in Varium and NeoPrime. China issued a similar patent in 2018. The EU patent provides a methodology for using a natural, mineral-based formula to mitigate the effects of exposure to pathogenic bacteria and the disease-causing toxins they produce, which damage gut health and function. Advancements in natural feed additives are helping to transform animal protein production by providing proven and reliable alternatives to in-feed antibiotics used to promote growth and productivity.
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TEVA ABBV | Hot Stocks13:32 EDT NY DFS files charges against Teva, Allergan having to do with opiod probe - Governor Andrew M. Cuomo announced the New York State Department of Financial Services has filed charges and initiated administrative proceedings against Teva Pharmaceutical (TEVA) and its subsidiaries and against Allergan (AABV) subsidiary Allergan Finance. These charges are the third set to be filed in DFS's ongoing investigation into the entities that created and perpetuated the opioid crisis. Teva has been a prolific manufacturer of opioids in the United States, manufacturing approximately 20% of the opioid products that flooded New York from 2006 to 2014. Teva manufactured both its own branded opioids as well as generic opioids through its Actavis subsidiaries. Allergan also manufactured opioid products from 2006 to 2014. "New York will continue to aggressively investigate the bad actors that caused the opioid crisis - an American tragedy that has taken too many lives and caused irrevocable harm to communities in our state and across the country," Governor Cuomo said. "Everyone who has been affected by opioids deserves justice and we will make every effort to deliver it to them by pursuing the companies that defraud the public and holding them accountable to the fullest extent of the law." The DFS Statement of Charges alleges that, like other opioid manufacturers, Teva and Allergan each knowingly furthered false narratives to legitimize dangerously powerful opioid products as appropriate for a broad spectrum of pain. In particular, the companies' messaging greatly downplayed the drugs' long-known addictive nature and risks. This strategic effort by the opioid industry caused an increased acceptance of opioids as medically legitimate, necessary, and appropriate painkillers by both patients and medical professionals. As a result, demand for opioids soared to unprecedented levels as did the predictable crisis of addiction and abuse that resulted from this overprescribing. Reference Link
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TEVA... | Hot Stocks13:26 EDT NY DFS files chargesTeva, Allergan having to do with probe into opiod crisis - Governor Andrew M. Cuomo announced the New York State Department of Financial Services has filed charges and initiated administrative proceedings against Teva Pharmaceutical (TEVA) and its subsidiaries and against Allergan (AABV) subsidiary Allergan Finance. These charges are the third set to be filed in DFS's ongoing investigation into the entities that created and perpetuated the opioid crisis. Teva has been a prolific manufacturer of opioids in the United States, manufacturing approximately 20% of the opioid products that flooded New York from 2006 to 2014. Teva manufactured both its own branded opioids as well as generic opioids through its Actavis subsidiaries. Allergan also manufactured opioid products from 2006 to 2014. "New York will continue to aggressively investigate the bad actors that caused the opioid crisis - an American tragedy that has taken too many lives and caused irrevocable harm to communities in our state and across the country," Governor Cuomo said. "Everyone who has been affected by opioids deserves justice and we will make every effort to deliver it to them by pursuing the companies that defraud the public and holding them accountable to the fullest extent of the law." The DFS Statement of Charges alleges that, like other opioid manufacturers, Teva and Allergan each knowingly furthered false narratives to legitimize dangerously powerful opioid products as appropriate for a broad spectrum of pain. In particular, the companies' messaging greatly downplayed the drugs' long-known addictive nature and risks. This strategic effort by the opioid industry caused an increased acceptance of opioids as medically legitimate, necessary, and appropriate painkillers by both patients and medical professionals. As a result, demand for opioids soared to unprecedented levels as did the predictable crisis of addiction and abuse that resulted from this overprescribing. Reference Link
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SPX... | Hot Stocks13:18 EDT California AG joins multistate suit to challenge Trump's 'attack' on USPS - California Attorney General Xavier Becerra announced that he will join a multistate coalition of attorneys general, led by Pennsylvania, in a lawsuit to challenge the Trump Administration's de facto attack on a free and fair election. Specifically, by failing to seek regulatory approval on policy changes that have a nationwide impact, United States Postal Service Postmaster General Louis DeJoy - through several internal memos issued just months ahead of the election - unlawfully and unilaterally implemented a series of revisions to the postal service's protocols and procedures that threaten to undermine the timely delivery of millions of mail-in ballots across the country. Already under strain due to the pandemic, these changes to USPS have, according to news reports, resulted in widespread, multiple-day delays in the delivery of mail - with Americans reportedly going upwards of three weeks without receiving paychecks or medication, the AG said. "Free and fair elections are the cornerstone of our democracy," said Attorney General Becerra. "That means relying on our postal service more than ever during this pandemic. Unsurprisingly, that doesn't stop President Trump from attacking our mail and lying about the facts no matter who gets hurt. To him, even when it comes to delivering your paycheck or medication, it's a joke. Our right to vote, your paycheck, your prescription medicines, you can't get more serious than that. So, for the 96th time, we're taking President Trump to court. No Americans should fear their vote won't count simply because Donald Trump fears a free and fair election." Publicly traded shipping companies include UPS (UPS) and FedEx (FDX). Amazon (AMZN), Walmart (WMT) and Target (TGT) are some of the biggest shippers of commercial parcels in the U.S., The Fly notes. Reference Link
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FB | Hot Stocks13:13 EDT Oculus users will need Facebook account to use future headsets - Facebook's Oculus announced a number of updates on how people log into Oculus devices, while still keeping their VR profile. Starting in October 2020: Everyone using an Oculus device for the first time will need to log in with a Facebook account; Existing users who already have an Oculus account will have the option to log in with Facebook and merge their Oculus and Facebook accounts; Existing users and who choose not to merge accounts can continue using their Oculus account for two years. "After January 1, 2023, we will end support for Oculus accounts," the company said. "If you choose not to merge your accounts at that time, you can continue using your device, but full functionality will require a Facebook account. We will take steps to allow you to keep using content you have purchased, though we expect some games and apps may no longer work. This could be because they include features that require a Facebook account or because a developer has chosen to no longer support the app or game you purchased. All future unreleased Oculus devices will require a Facebook account, even if you already have an Oculus account." Reference Link
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EA | Hot Stocks13:06 EDT EA Play is the new name for all EA subscription services - "Electronic Arts has revealed that EA Access and Origin Access Basic have become EA Play, and Origin Access Premier is now EA Play Pro, all with a fresh new look. All the great benefits players love, trials of new EA games, 10% savings on digital purchases including full games and a library of top titles) aren't going anywhere. In fact, even more benefits are on the way over the coming months, starting with in-game challenges and monthly reward drops for members on select titles. In addition, on August 31st, EA Play will launch on its fourth platform, the most in the industry, with Steam for PC, and players can look for more exciting news on EA Play soon. EA Play is a game subscription service that makes every game more rewarding with access to exclusive player challenges, in-game rewards, member-only content and a library of top titles including The Sims 4, Need for Speed Heat, Titanfal 2 - and some of EA's most fabled franchises like Battlefield, Star Wars Battlefront and Plants vs Zombies. EA Play is available on Xbox One, PlayStatio 4 and on PC via Origin( now, and launches on Steam for PC on August 31st," said Electronic Arts in a statement. Reference Link
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MDC | Hot Stocks12:53 EDT M.D.C. Holdings CFO Martin Robert Nathaniel sells 20K shares of company stock - M.D.C. Holdings CFO Martin Robert Nathaniel disclosed in a filing that he had sold 20,000 shares of company stock on August 17 at $46.11 per share for a total sale amount of $922,200.
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TLSA | Hot Stocks12:49 EDT Tiziana jumps 5% after announcing Crohn's disease treatment patent - Shares of Tiziana Life Sciences are up 5% or 20c to $4.24 per share on Tuesday after announcing announcing that the United States Patent and Trademark Office has granted a patent on use and methods of treatment of Crohn's disease with Foralumab, its proprietary fully human monoclonal antibody, and all other anti-CD3 monoclonal antibodies. The CD3 is a protein complex on T-cells, which is important for the regulation of the immune system. The patent will be published by the USPTO on September 1, as Patent No. 10,759,858. Recently, Tiziana also announced the issuance of the first-ever patent on oral administration of anti-CD3 mAbs for treatment of human diseases. The grant of this additional composition-of-matter and use patent further strengthens the company's intellectual property, consisting of proprietary technologies on oral and nasal administration of Foralumab and other anti-CD3 mAbs for the treatment of human diseases. Additionally, Tiziana previously reported the successful completion of a Phase 1 study evaluating safety and analysis of biomarkers for clinical activity of nasally administered stabilized solution of Foralumab on 28 November 2018. Additionally, a Phase 2 trial in patients with progressive multiple sclerosis will commence in the 4th quarter. Importantly, in both clinical studies, the severe toxicities commonly associated with intravenous administration of anti-CD3 mAbs were not observed with oral or nasal administration of Foralumab.
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FISV... | Hot Stocks12:44 EDT Evertec jumps 10% after Bloomberg says exploring potential sale - Shares of Puerto Rico-based payments processor Evertec (EVTC) jumped after Ed Hammond and Nabila Ahmed of Bloomberg reported that the company is exploring strategic options including a potential sale. The company is working with a financial adviser to field interest from potential buyers, people familiar with the matter told Bloomberg. Evertec could be attractive to larger payments companies such as Global Payments (GPN) and Fiserv (FISV), sources said. Shares of Evertec are up 10%, or $3.23, to $34.40 following the report.
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SPOT... | Hot Stocks12:31 EDT Music radio companies struggle after Apple launches new 'Radio Stations' - Shares of publicly traded music radio companies are struggling after Apple (AAPL) announced that Apple Music Radio launched two additional stations. APPLE MUSIC RADIO: Apple announced two new live global radio offerings on Apple Music, now available to music fans in 165 countries. "Beginning immediately, Beats 1 will be renamed Apple Music 1 and two additional radio stations will launch: Apple Music Hits, celebrating songs from the '80s, '90s, and 2000s, and Apple Music Country, spotlighting country music," said Apple in an earlier statement. SPOTIFY ATTACKING HARD: In a recent Forbes story, contributor John Koetsier wrote that Apple had to make a significant investment to get the radio product to this stage "because while the company had the early lead in podcasting and still has a prominent position, Spotify is attacking hard by bringing podcasting stars like Joe Rogan onto its platform exclusively." PRICE ACTION: Apple is slightly higher in midday trading, while its competition in the radio space, including Spotify (SPOT), Cumulus Media (CMLS), and Tencent Music (TME), are all lower.
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KODK | Hot Stocks12:26 EDT Eastman Kodak rallies 67% to $12.77 as trading resumes
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KODK | Hot Stocks12:20 EDT Eastman Kodak halted again for volatility after spiking 39.5% to $10.66
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KODK | Hot Stocks12:19 EDT Kodak trading resumes
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KODK | Hot Stocks12:18 EDT Eastman Kodak halts for volatility after jumping 21% to $9.23
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KODK | Hot Stocks12:14 EDT Kodak trading halted, volatility trading pause
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WSFS | Hot Stocks11:58 EDT WSFS Bank appoints Michael Conklin as EVP, CHRO - WSFS Bank announced Michael Conklin as its new EVP, chief human resources officer reporting to Rodger Levenson, chairman, president and CEO of WSFS. Conklin will serve as an organizational change agent, culture advocate and community steward. Michael will lead the company's talent transformation initiative and will be responsible for developing and optimizing people centered strategies for succession, inclusion, learning and development, human sigma, wellbeing, compensation and community partnerships. He will further develop and nurture a well-defined company culture that is respected as "the WSFS way" by nearly 2,000 Associates. For the past seven-plus years, Conklin served in various human resources leadership roles at US Bank.
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PLNT | Hot Stocks11:56 EDT Planet Fitness CEO says 1,500 of 2,000 gyms are now open - Chris Rondeau is speaking on CNBC.
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PLNT | Hot Stocks11:55 EDT Planet Fitness CEO says 40 of 120 New York gyms in the city - Chris Rondeau is speaking on CNBC.
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CODX | Hot Stocks10:58 EDT Co-Diagnostics COVID-19 test partner selected by Los Angeles Unified schools - Los Angeles Unified Superintendent Austin Beutner announced over the weekend that Clinical Reference Laboratory will provide the school district with COVID-19 testing specimen collection kits and process the tests in its lab in Lenexa, Kansas. Co-Diagnostics (CODX) announced on August 3 that its partner, Clinical Reference Laboratory, received FDA Emergency Use Authorization for CRL Rapid Response, a saliva-based COVID-19 test that can be self-administered and then tested using Co-Diagnostics' CoPrimer technology. Reference Link
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BLKB | Hot Stocks10:55 EDT Blackbaud appoints Michael Boulware Moore as first Diversity & Inclusion Officer - Blackbaud announces Michael Boulware Moore as the global cloud software company's first Diversity and Inclusion Officer. Moore joined Blackbaud in early 2020 following his tenure as the founding president and CEO of the International African American Museum in Charleston, SC.
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TEVA | Hot Stocks10:35 EDT Justice Department files False Claims Act against Teva Pharmaceuticals - The U.S. Attorney's Office has filed a complaint under the False Claims Act against Teva Pharmaceuticals USA. and Teva Neuroscience, the maker of Copaxone, a drug for multiple sclerosis. The government alleges that Teva conspired with a specialty pharmacy, Advanced Care Scripts, and two purportedly independent foundations, Chronic Disease Fund and The Assistance Fund, to violate the Anti-Kickback Statute and False Claims Act by using the foundations as conduits to subsidize Medicare co-pays for Copaxone, all while steadily raising Copaxone's price, the Justice Department said in a statement. The government alleges that, from 2006 through at least 2015, Teva paid the two foundations well over $300M with the intent and understanding that the foundations would use Teva's money to cover the Medicare co-pays of patients taking Copaxone. During the same period, Teva raised the price of Copaxone from approximately $17,000 per year to over $73,000 per year, according to the DOJ. Shares of Teva are down 2% to $11.34 in morning trading. Reference Link
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IMUX | Hot Stocks10:32 EDT Immunic Phase 2b COVID study now recruiting, ClinicalTrials.gov shows - Shares of Immunic moved higher after ClinicalTrials.gov, in an update dated today, showed the company's Phase 2b trial evaluating whether time-to-improvement is significantly better in IMU-838 plus Oseltamivir and standard care versus Oseltamivir and standard care in adult subjects with coronavirus disease has begun recruiting. This is a Phase 2b, randomised, parallel-group, open-label study to assess the efficacy and safety of an oral dose of IMU-838 plus Oseltamivir or Oseltamivir alone in hospitalised patients with COVID-19. Shares of Immunic are up 3c to $18.78 in morning trading. Reference Link
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SIFY | Hot Stocks10:28 EDT Sify regains compliance with Nasdaq minimum bid price requirement - Sify Technologies announced receiving a letter from NASDAQ confirming that it has regained compliance with the minimum bid price rules. On April 23, 2020, NASDAQ had notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The NASDAQ Stock Market. Further, NASDAQ, in the said communication, had provided the company a compliance period of 180 calendar days in which to gain compliance. The letter also states that if at any time during this tolling period or 180 day period the closing bid price of the Company's security is at least $1 for a minimum of ten consecutive business days, Nasdaq will provide a written confirmation of compliance and the matter will be closed. Since then, NASDAQ has determined that for the last 10 consecutive business days, from July 30 to August 12, 2020, the closing bid price of the Company's common stock has been at $1.00 per share or greater. In a letter dated August 13, 2020, NASDAQ notified Sify has regained compliance with Listing Rule 5550(a)(2) of the Minimum Bid price rule.
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JBLU GS | Hot Stocks10:19 EDT JetBlue, Marcus by Goldman Sachs announce broader availability of MarcusPay - JetBlue (JBLU) and Marcus by Goldman Sachs (GS) announced that MarcusPay is now available for JetBlue flights in addition to vacation packages. MarcusPay, a no deposit, no-fee, fixed rate point-of-sale installment loan option, allows customers to pay for larger purchases over time. JetBlue, the platform's inaugural partner, launched MarcusPay earlier this year exclusively for customers booking JetBlue Vacations packages bundling flights with hotels. MarcusPay's application process offers JetBlue customers the opportunity to apply for a MarcusPay loan from the payment page at jetblue.com or jetbluevacations.com and will be available soon via the JetBlue mobile app. MarcusPay can be used for trips from $750 to $10,000 and customers can see their loan options within minutes. Customers will know how much they'll pay and for exactly how long, with no fees, no up-front deposit required, and a fixed interest rate. The first payment is not due until at least one month after the trip is booked. Once approved for a MarcusPay loan and the booking is completed, travelers can be on their way. MarcusPay loans are provided by Goldman Sachs Bank USA.
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TEVA | Hot Stocks10:17 EDT Teva drops following reports of U.S. lawsuit over false Medicare claims - Shares of Teva Pharmaceutical Industries after both Reuters and Bloomberg reported that the U.S. government sued the company for making false Medicare claims. In a lawsuit filing, the government claims Teva violated the anti-kickback law and paid over $300M for Copaxone co-pays, Bloomberg reports. Shares of Teva are down 3% to $11.25 in morning trading.
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BYD... | Hot Stocks10:14 EDT SEC announces guidelines for fan attendance at football games - The Southeastern Conference announced guidelines for its 14 member schools to "establish expectations to manage the health and safety of fans in preparation for the 2020 football season, pending future decisions related to the allowance of fans to attend games as the Conference continues to monitor developments around the COVID-19 virus.SEC Commissioner Greg Sankey said, "Although local and state guidelines will determine if and how many fans can attend games, these guidelines provide conference-wide expectations for protection of guests who are able to attend our games." Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN). Reference Link
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IEP | Hot Stocks10:04 EDT NPW completes acquisition of Auto Plus assets in Washington, Oregon - National Auto Parts Warehouse and Icahn Automotive Group announced they have completed NPW's acquisition of substantially all Auto Plus assets in Washington state and Oregon. The transaction includes two Pep Boys Parts retail store locations in Seattle, Washington, and excludes Pep Boys automotive service centers. National Auto Parts Warehouse will convert and rebrand the acquired Auto Plus and Pep Boys Parts retail locations as Auto Value parts stores. Icahn Automotive will continue to own and operate all of its service centers under the Pep Boys brand in Washington state and Oregon and focus on serving the growing demands of do-it-for-me customers and rapidly growing fleets.
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YVR | Hot Stocks10:02 EDT Liquid Media partners with Arcana Studios for Video on Demand content - Liquid Media Group announced the ongoing addition of content to its Reelhouse Animation Playlist, the Company's Video on Demand service focusing on animated stories. This latest growth to the Reelhouse content library comes via a partnership with Arcana Studios, an entertainment company founded by Sean O'Reilly in 2004. O'Reilly has created a library of 11 internally developed titles and over 5,000 characters within Arcana. The Arcana titles hosted on Reelhouse are expected to continue expanding the platform's footprint across content verticals.
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AGR | Hot Stocks10:00 EDT Avangrid Renewables, PSE announce power purchase agreement - Puget Sound Energy and Avangrid Renewables, a subsidiary of AVANGRID, Inc., announced an agreement that will be supplied by a new 200 megawatt wind farm, enough energy to power over 60,000 homes on an annual basis. The wind farm will be built by Avangrid Renewables in Sherman County, Oregon. The Golden Hills Wind Farm will be Avangrid Renewables' 13th in the Pacific Northwest and an important step toward realizing the company's nearly 19 gigawatt project pipeline. The project will help PSE meet its goals to reduce carbon dioxide emissions while providing additional capacity to serve customers, particularly during winter periods of high electricity demand.
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HD | Hot Stocks09:59 EDT Home Depot expects PPE costs to 'moderate' in Q3
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UBER | Hot Stocks09:56 EDT Uber says $24.99 monthly membership now live in U.S. cities - Uber Technologies announced that Uber Pass is now live nationwide for U.S. customers in cities like Hartford and New Haven, Columbus, Honolulu, Madison, Milwaukee, Nashville, New York City, Portland, Seattle, St. Louis, and more. The monthly membership "unlocks savings on every ride, Eats delivery, and grocery order through an all-in-one bundle of benefits," Uber said in a statement. At $24.99 per month, Uber Pass provides 10% off UberX, XL and Comfort rides; 15% off Black, SUV and Premier rides; $0 delivery on Eats orders over $15; 5% off Eats deliveries over $15; $0 delivery on grocery orders over $40, where available. Reference Link
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SPX SPY | Hot Stocks09:49 EDT S&P 500 Index rises to new all-time high
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HMI | Hot Stocks09:47 EDT Huami falls -9.2% - Huami is down -9.2%, or -$1.34 to $13.28.
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NBR | Hot Stocks09:47 EDT Nabors Industries falls -10.1% - Nabors Industries is down -10.1%, or -$4.68 to $41.77.
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KSS | Hot Stocks09:47 EDT Kohl's falls -12.1% - Kohl's is down -12.1%, or -$2.84 to $20.61.
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DQ | Hot Stocks09:47 EDT Daqo New Energy rises 7.5% - Daqo New Energy is up 7.5%, or $8.56 to $122.97.
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SE | Hot Stocks09:47 EDT Sea Limited rises 10.0% - Sea Limited is up 10.0%, or $13.44 to $147.72.
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CHU | Hot Stocks09:47 EDT China Unicom rises 11.4% - China Unicom is up 11.4%, or 85c to $8.30.
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HD | Hot Stocks09:44 EDT Home Depot says 'notable strength' in low spend Pro in Q2 - Says saw "great engagement" from both Pro and DIY customers in Q2. Says "super pleased" with both cohorts.
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KSS | Hot Stocks09:39 EDT Kohl's continuing to plan 2H inventory 'conservatively'
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GFL | Hot Stocks09:33 EDT GFL Environmental drops 6% to $19.90 after Spruce Point short report
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KSS | Hot Stocks09:31 EDT Kohl's sees gross margin pressured by increased cost of shipping
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GRPN | Hot Stocks09:29 EDT Groupon announces Rezdy as inaugural Groupon Connect partner - Groupon announced the first successful integration to the company's recently launched next-generation API, Groupon Connect, that enables leading booking partners, reservation and ticketing platforms to directly connect their merchants to the Groupon platform. Rezdy is the first partner to successfully integrate to Groupon Connect, providing tour and other attractions operators with more control over their promotions by giving them the ability to sync their existing Rezdy booking capabilities with Groupon inventory.
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HD | Hot Stocks09:25 EDT Home Depot says pushing some in-store CapEx projects into 2021 - Says comp sales growth in August remains at "similar levels" to Q2.
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SPX SPY | Hot Stocks09:21 EDT Mnuchin says 'there's a deal to do' if Democrats 'want to be reasonable' - Treasury Secretary Steven Mnuchin is speaking on CNBC.
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SPX SPY | Hot Stocks09:20 EDT Mnuchin says 'really don't know' why sides are far apart on stimulus deal - Treasury Secretary Steven Mnuchin is speaking on CNBC.
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ORCL MSFT | Hot Stocks09:19 EDT Mnuchin offers no comment on potential Oracle bid for TikTok - Treasury Secretary Steven Mnuchin is speaking on CNBC.
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HD | Hot Stocks09:17 EDT Home Depot says online sales up about 100% in Q2 - Says Q2 mobile app downloads hit record. Says big ticket transactions up about 16% in Q2. Says DIY sales grew faster than Pro in Q2. Says canceled Spring Promotion to manage crowds.
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KSS | Hot Stocks09:17 EDT Kohl's to close stores on Thanksgiving Day
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SPX SPY | Hot Stocks09:16 EDT Mnuchin says post office 'has plenty of cash on hand' - Treasury Secretary Steven Mnuchin is speaking on CNBC.
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KSS | Hot Stocks09:16 EDT Kohl's: Holiday season will be 'like no other'
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WTER | Hot Stocks09:16 EDT Alkaline Water launches A88CBD in all 142 CBD Plus retail locations - The Alkaline Water Company announces that the complete A88CBD topical and ingestible product portfolio will be launching in a multi-state CBD operator, CBD Plus in all 142 locations across Texas, Oklahoma, Florida, Tennessee, Kansas, Maryland, Georgia, and Arkansas. The A88CBD infused product portfolio will also be available on CBD Plus' online store, cbdplususa.com.
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SPX SPY | Hot Stocks09:15 EDT Mnuchin says Pelosi, Schumer 'not willing to strike reasonable deal' - Treasury Secretary Steven Mnuchin is speaking on CNBC.
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KSS | Hot Stocks09:15 EDT Kohl's saw softer start to back-to-school season
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PINC AZN | Hot Stocks09:14 EDT Premier, AstraZeneca partner to reduce hospitalization in Hyperkalemia patients - Premier (PINC) announced it has reached a milestone in its partnership with AstraZeneca (AZN). Premier Applied Sciences has implemented evidence-based care practices with nearly 370 hospitals across the U.S. designed to prevent patients with hyperkalemia from requiring treatment in the acute-care setting. The risk of hyperkalemia increases significantly for patients with chronic kidney disease and for those who take common medications for heart failure, such as RAAS inhibitors, which can increase potassium in the blood. Hyperkalemia occurs in 23%-47% of patients with chronic kidney disease and/or heart failure. Hyperkalemia can lead to hospitalization and increased resource utilization. Together, Premier Applied Sciences and AstraZeneca have developed a protocol for monitoring and treating patients with hyperkalemia. The protocol includes the potential use of Lokelma, a potassium binder indicated for the treatment of hyperkalemia in adults. As part of the first phase in Premier's partnership with AstraZeneca, Premier Applied Sciences conducted a study to examine the clinical characteristics of patients with hyperkalemia and assessed hyperkalemia-related readmissions, emergency room presentations, outpatient visits and costs. For the second phase of the study, Premier will utilize a linked sample from the Premier Healthcare Database and a large commercial claims database to further assess the association between Lokelma use and specific clinical outcomes such as hyperkalemia, cost, readmissions and other hospital visits among patients with hyperkalemia. The final component of this de-identified study will examine the impact of having a hyperkalemia discharge protocol on cost and healthcare resource utilization among hospitalized patients.
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SPX SPY | Hot Stocks09:14 EDT Mnuchin says economic numbers doing better, Trump wants to do more - Treasury Secretary Steven Mnuchin is speaking on CNBC.
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KSS | Hot Stocks09:14 EDT Kohl's pursuing opportunities to capture dislocated sales from closures - Kohl's is pursuing opportunities to capture dislocated sales from closures and competitors, the company said on its earnings call.
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GEVO | Hot Stocks09:13 EDT Gevo, Praj to commercialize Sustainable Aviation Fuel in India - Gevo and Praj Industries announced that they have signed a binding, definitive Master Framework Agreement to collaborate on providing renewable, low carbon, low particulate, Sustainable Aviation Fuel and renewable premium gasoline in India and neighboring countries. This follows an earlier announcement in April 2019 between both parties regarding the commercialization of renewable isobutanol, SAF and renewable premium gasoline. Gevo will license its technology and Praj will provide technology, plant equipment and EPC services to sugar mills and ethanol plants to produce renewable isobutanol from 1G feedstock and 2G feedstock The renewable isobutanol will be aggregated and transferred to various refineries. Gevo will also license its technology and Praj will provide technology, plant equipment and EPC services to refineries for converting renewable isobutanol into Sustainable Aviation Fuel and premium gasoline through the ASTM-approved pathway of Alcohol-to-Jet. According to Apte Research Group, University of California, Berkley, particle air pollution in South Asia ranks among the most severe in the world. In India alone, hundreds of millions of people are exposed to PM2.5 concentrations, an order of magnitude greater than World Health Organization guidelines. The use of SAF, blended with aviation turbine fuel, can contribute significantly to mitigating the risk associated with particulate air pollution. SAF should find applications in commercial aviation as well as in the defense sector in India. Praj and Gevo supplied the sample of SAF produced by Gevo to the Indian Air Force. The Indian Air Force tested the sample and found it to be meeting the desired specifications as per relevant ASTM standards. Further tests are underway at IAF. Pursuant to the terms of the MFA, Gevo is providing a license to Praj, which will allow the latter to carry out basic engineering and design package services, supply equipment, build plants and use jointly developed process design package to produce renewable isobutanol for plant operators who are licensed by Gevo. In addition, Gevo is also providing a license to Praj, which will allow the latter to carry out basic engineering and design package services, supply equipment and build plants to convert renewable isobutanol into renewable gasoline and SAF for plant operators who are licensed by Gevo.
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KSS | Hot Stocks09:12 EDT Kohl's: Worst retail environment in nearly 60-year history - Comments taken from Q2 earnings conference call.
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OSPN | Hot Stocks09:11 EDT Legion Partners sends letter to OneSpan board - Legion Partners, which, together with its affiliates, beneficially owns 2,277,091 shares of common stock of OneSpan, issued a public letter to the company's board. In the letter, Legion Partners expresses its frustration at the Board's inability to take decisive action to address the company's discounted valuation, and its belief that major improvements are needed with regard to OneSpan's strategy, communications with investors and board composition. The letter said, "Legion Partners Asset Management, LLC, together with its affiliates (collectively, "we" or "Legion Partners") are long-term stockholders of OneSpan Inc. ("OneSpan", "OSPN" or the "Company"), beneficially owning 2,277,091 shares of common stock, constituting approximately 5.6% of the Company's outstanding stock. Legion Partners' strategy entails highly concentrated equity positions, with a long-term investment horizon and active engagement with our portfolio companies. We promote strong operational and governance discipline at each of the companies in our portfolio, as we believe this is essential in achieving sustained superior long-term returns. Since first investing in OneSpan in April 2018, we have sought to engage privately with OSPN's Board of Directors (the "Board") and management team to help improve OSPN's persistently low valuation. As we previously communicated, we believe the Company's undervaluation is perpetuated, at least in large part, by a lack of meaningful financial disclosures and investor communications regarding recurring software revenue. We also strongly believe that the Company's legacy Hardware segment imposes a structural impediment to OneSpan's ability to trade at its fair value in the public markets. However, we believe it is the Board's failure to take decisive action to correct this valuation discount and help management appropriately communicate pertinent business metrics and a clear transition story that has once again left OneSpan trading near the bottom of comparable cybersecurity peers following the Company's recent Q2 2020 earnings call on August 11, 2020 (see Figure 1). We find the Board's failings to be wholly unacceptable given the state of the Company's transition and believe dramatic improvements to OneSpan's strategy, investor communications and Board composition are necessary to rectify the Company's current predicament... OneSpan has undergone a major transformation - one that is still immensely underappreciated by the public markets, and poorly communicated by the Company. We believe the strategic initiatives outlined in this letter present an actionable path towards completing this transformation while swiftly achieving full and fair value for OneSpan shares. However, we believe it is difficult for stockholders to gain confidence that the Board understands the significant impediments to the Company's optimal valuation when the substantive "communication" from Board leadership in terms of action is repeated persistent selling of stock and a complete failure to establish an appropriate investor communications strategy. The actions we have outlined in this letter communicate something very different, and we believe stockholders will prefer the course that leads to superior long-term valuation for OneSpan. Your response will help us and your stockholder base better understand whether or not this Board is properly equipped to lead a publicly traded software company. As always, Legion Partners is strongly committed to supporting the Company in any way, and we look forward to your prompt response to discuss the contents of this letter further."
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GNBT | Hot Stocks09:11 EDT Generex, Bintai Kinden sign agreement for coronavirus vaccine for Malaysia - Generex Biotechnology announced that the company has signed a memorandum of understanding with Bintai Kinden Corporation of Malaysia for the development and commercialization of the Ii-Key-SARS-CoV-2 coronavirus vaccine. The Ii-Key-SARS-CoV-2 vaccine is designed as a "Complete Vaccine" that has the potential to induce the T-Cell and antibody immune responses that can provide protective immunity with long-lasting immunologic memory against SARS-CoV-2 in a highly specific manner to ensure safety. With this agreement, Bintai has agreed to pay Generex up-front development fees and back-end licensing payments, and will pay 100% of the funding required for the commercial development of the Ii-Key-CoV-2 vaccine including laboratory work, manufacturing, regulatory filings and the clinical development program for regulatory approval of the vaccine in Malaysia. Additionally, upon approval of the Ii-Key-CoV-2 vaccine in Malaysia, Generex will earn royalties on sales of the vaccine with potential revenues of up to $150M. Under terms of the agreement, Generex and Bintai have agreed to collaborate and have developed a strategy towards the rapid development of the Ii-Key-CoV-2 vaccine with three primary goals: 1. Streamline the Vaccine Development Process: The development program will simultaneously implement different stages of development and production, so the vaccine can be developed at a faster rate. 2. Conduct Clinical Trials Globally: Generex and Bintai agree that the development of a vaccine for COVID-19 should not be a race for high income countries, so clinical trials will be conducted in as many countries as possible to enable the best chance of finding a vaccine that is safe, effective and affordable for everyone. This multi-country approach will ensure that the efficacy of the vaccine is generalizable or suited to the native population and to further obtain commercial license for sale of Ii-Key-SARS-CoV-2 Peptide Vaccine from the Malaysia Ministry of Health and other health authorities around the world. 3. Build Global Manufacturing Capacity: Bintai and Generex agree that the vaccine manufacturing should serve not only as an essential element of a vaccination program for each country, but also as an economic stimulus, as many countries shift their focus to rebuild their economies following the inevitable economic shutdown as the battle of the global pandemic continues. The legal contracts for the licensing and development agreements, currently being mutually drafted by the Generex and Bintai legal teams, are expected to be finalized and signed in the coming days. Generex will file an 8K report with the SEC upon signing of the official contract.
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HD | Hot Stocks09:10 EDT Home Depot says 'broad-based strength' across stores, geographies in Q2 - Says "healthy growth" from both Pros and DIY customers in Q2. Says "cautious" on making any predictions for 2H20. Comments taken from Q2 earnings conference call.
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OXM | Hot Stocks09:09 EDT Oxford Industries appoints Milford McGuirt to board of directors - Oxford Industries announced the appointment of Milford McGuirt to the Company's Board of Directors. Mr. McGuirt retired as Managing Partner of KPMG's Atlanta Office and Mid-South Region.
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FTNT IBM | Hot Stocks09:09 EDT Fortinet, IBM collaborate on SkillsBuild - Fortinet (FTNT) announced it is integrating its Network Security Expert training and certification curriculum with IBM's (IBM) SkillsBuild, a digital platform for users to develop technology and professional skills, including cybersecurity. Fortinet and IBM will focus on creating new cybersecurity career pathways by training traditionally untapped candidates and connecting learners to employers. This collaboration underscores Fortinet's Corporate Social Responsibility commitment to closing the cybersecurity skills gap through global collaborations and its Network Security Expert Training Institute's Security Academy Program. Cybersecurity is a high growth area and the global pandemic has further boosted the industry's demand. A poll found that 81% of respondents view security as an essential function as employees are working remotely due to COVID-19. As the demand for cybersecurity professionals continues to rise, so does the need to attract a broader more diverse workforce into the field. In fact, a recent Fortinet survey found that 68% of organizations struggle to recruit, hire and retain cybersecurity talent. With the global pandemic, this challenge has significantly increased. Fortinet and IBM's partnership will help address this issue through SkillsBuild, a digital platform that provides jobseekers, including those with long-term unemployment, refugees, asylum seekers, veterans and students, with career fit assessments, training, personalized coaching and the experiential learning they need to enter or re-enter the workforce. SkillsBuild will now include cybersecurity curriculum from Fortinet's NSE Training Institute for jobseekers looking for a career in security.
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YELP | Hot Stocks09:08 EDT Yelp announces new hiring experience through Request-A-Quote product - Yelp is building on its Request-A-Quote product by evolving it into an end-to-end hiring experience for home, local, automotive and professional services. As part of the new hiring experience, Yelp is expanding and revamping new guided questionnaires for Request-A-Quote to an additional 100 business categories in the coming months to help better match the right professionals with the most relevant projects, as well as giving consumers and businesses a way to schedule appointments right from the Yelp platform. Yelp is also introducing Nearby Jobs, a new paid product that gives professionals an way to proactively grow their business and get in front of more people looking to hire pros like them. The new experience is part of Yelp's new design.
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OPTT | Hot Stocks09:07 EDT Ocean Power opens Houston office - Ocean Power Technologies announced the establishment of its Houston, Texas office in support of Gulf of Mexico and broader U.S. and South American opportunities. Strategically located in the CityCentre development adjacent to Houston's Energy Corridor near the intersection of I-10 and the Sam Houston Tollway, the new OPT office will serve as the base for the Company's regional sales and business development activities, headed by OPT's VP Global Business Development Philipp Stratmann and Senior Director of Sales, David Marchetti. In addition, the new Houston office also enables OPT program managers, engineers, and field operations personnel to collaborate with customer project teams.
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FLO | Hot Stocks09:06 EDT Flowers Foods appoints three new independent directors - Flowers Foods announced that its board of directors elected three new independent directors effective August 14 expanding the board from eight to 11 members: Edward J. Casey, CEO officer of IDEMIA Identity & Security NA; and Thomas C. Chubb, chairman, CEO and president of Oxford Industries; and Terry S. Thomas, executive vice president, chief customer officer US of the Unilever Group. Ed Casey has served as CEO of the North American business for IDEMIA, a global leader in identity and digital security technologies, since 2018. Previously, he served as acting CEO, COO, and a member of the board of Serco Group, a provider of public services in defense, transportation, immigration, healthcare, and other sectors based in the United Kingdom, and served as chairman CEO officer of Serco's North American business. Tom Chubb has served as chairman, CEO and president of Oxford Industries, a publicly held, lifestyle apparel company with a brand portfolio that includes Tommy Bahama, Lilly Pulitzer, Southern Tide, The Beaufort Bonnet Company, and Duck Head, since 2015. During the course of his career with Oxford Industries, which spans more than 30 years, he was named vice president, general counsel, and secretary in 1999; executive vice president in 2004. Terry Thomas has served as executive vice president, chief customer officer US for the Unilever Group, a global food, personal care, and household products company, since 2019.
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LHX | Hot Stocks09:06 EDT L3Harris Technologies receives $35M initial award from Navy for MUSV program - L3Harris Technologies has received a contract from the U.S. Navy for the Medium Unmanned Surface Vehicle, or MUSV, program. This is the Navy's first program for an unmanned surface vehicle to support the Navy's Distributed Maritime Operations strategy. The $35M initial award is part of a $281M program that includes a prototype and options for a total of nine MUSVs. L3Harris will integrate the company's ASView autonomy technology into a purpose-built 195-foot commercially derived vehicle from a facility along the Gulf Coast of Louisiana. The MUSV will provide intelligence, surveillance and reconnaissance to the fleet while maneuvering autonomously and complying with international Collision Regulations, even in operational environments. L3Harris will be the systems integrator and provide the mission autonomy and perception technology as the prime contractor on the program. The program team includes Gibbs & Cox and Incat Crowther who will provide the ship design and Swiftships will complete the construction of the vehicle.
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TBLT LOW | Hot Stocks09:06 EDT ToughBuilt expands on Lowe's Canada website - ToughBuilt Industries (TBLT) announced their products will be available on www.lowes.ca. (LOW). Lowes.ca will carry a wide array of ToughBuilt products, including but not limited to Cliptech tool belts, bags and totes, knee pads, sawhorses, and Miter Saw Stands. Lowe's Canadian customers will now have the option to purchase ToughBuilt products while they shop online at www.lowes.ca.
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ARCT | Hot Stocks09:04 EDT Arcturus Therapeutics executes supply agreement with Israeli Ministry of Health - Arcturus Therapeutics Holdings announced that it has executed the definitive supply agreement provided for in the previously announced binding term sheet agreement with the Israeli Ministry of Health, to supply COVID-19 STARR mRNA vaccine candidate. Delivery to Israel of doses of Arcturus' COVID-19 vaccine candidate is contingent upon achievement of near term clinical and regulatory milestones. Israel is the second country, in addition to Singapore, to reserve supply of the ARCT-021 vaccine. Arcturus is in active discussions with certain government entities in major markets and other parts of the world. With the Company's manufacturing partners, Arcturus is in the process of manufacturing millions of doses in 2020 and positioned to supply hundreds of millions of doses annually thereafter.
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LPLA WORK | Hot Stocks09:03 EDT LPL Financial partners with Slack for messaging capabilities - LPL Financial (LPLA) announced that the firm has partnered with Slack (WORK) to give advisors and their teams new tools to communicate in real time, whether working from the same office, from home or on the road. Slack allows teams to communicate faster than with traditional email, and provides the ability to save conversations and pick up right where they left off, supporting productivity and collaboration while being able to locate information quicker.
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CCCL | Hot Stocks09:03 EDT China Ceramics announces contract with Chengdu Jinke Yulu Technology - China Ceramics announced that its newly-formed wholly-owned subsidiary which focuses on software development, Antelope Holdings, has entered into a one-year licensing contract with Chengdu Jinke Yulu Technology, a software distributor which provides digital technology systems to banks, large financial institutions and courts. The total fee to be paid to the Company under this contract is RMB10M, or approximately $1.4M, of which RMB2.6M, or approximately $375,000, is to paid three months after the contract's execution and the remaining balance prior to the end of the one-year contract term. The software that the Company's subsidiary developed is a blockchain digital storage and depository system designed to ensure the legal compliance of financial transactions. The Company believes that this software will be very effective in streamlining legal processes associated with fintech transactions for financial institutions.
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AMK | Hot Stocks09:02 EDT AssetMark Financial launches eService team, expands digital servicing tools - AssetMark announced its new dedicated eService team to help financial advisors meet the increasing demand for digital servicing during the pandemic while reinforcing the firm's commitment to fostering deep relationships with its advisors. The new personal, online assistance offered through the eService team is an extension of the firm's industry-leading service offering that scales with the growing needs of today's investors and their financial advisors. AssetMark eService provides fast, personalized, digital response service levels to client outreach between 8 a.m. and 8 p.m. ET. The new service builds upon the firm's digital servicing tools aimed at further increasing efficiencies for advisor practices, which include: eDelivery: Lets advisors and investors minimize mail delays and limit potential identity theft with electronic delivery of reports and documents; eSignature: Delivers a 100% digital account opening experience for qualifying accounts; eLearning: Planned online videos and guides to help advisors quickly navigate and maximize services available on the platform to streamline administrative tasks and enhance client services
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SJI | Hot Stocks09:01 EDT South Jersey Industries appoints Christopher Paladino to board of directors - SJI announced the appointment of Christopher Paladino, President of New Brunswick Development Corporation to its Board of Directors. Paladino was elected as a director of SJI by the Board on August 14, 2020 and will serve on the Audit committee as well as the Environmental, Social and Governance committee.
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MUX | Hot Stocks08:56 EDT McEwen Mining announces flow-through financing - McEwen Mining announced a strategic financing to continue the exploration program at properties in the Timmins region of Ontario. The financing consists of a $9,912,500 bought deal private placement offering of 6,000,000 flow-through common shares priced at $1.65 per flow-through common share led by Cantor Fitzgerald Canada Corporation as sole bookrunner, and includes Roth Capital Partners, Red Cloud Securities Inc., and Maison Placements Canada Inc. The Offering Price represents a premium of 21% over the closing price of McEwen common shares on the TSX as of August 17, 2020. The Offering is expected to close on or before September 10, 2020 and is subject to customary closing conditions, including approval from the TSX and NYSE. The proceeds of this Offering will be used exclusively for generative exploration activities on McEwen's properties in the Timmins region.
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SBT | Hot Stocks08:54 EDT Sterling Bancorp receives additional noncompliance letter from Nasdaq - Sterling Bancorp previously disclosed that it had received a March 18 letter from Nasdaq notifying the company that it no longer complies with Nasdaq's continued listing requirements under the timely filing criteria set forth in Listing Rule 5250 as a result of the company not filing its annual report on Form 10-K for the year ended December 31, 2019 within the prescribed period. Subsequently, the company further disclosed the receipt of an additional letter from Nasdaq, dated May 19, notifying the company that its inability to file its quarterly report on Form 10-Q for the period ended March 31 within the prescribed period is an additional basis for the company's non-compliance with such listing requirements. Consistent with those notifications, the company recently received another letter from Nasdaq, dated August 12, notifying the company that its inability to file its quarterly report on Form 10-Q for the period ended June 30 within the prescribed period is an additional basis for the company's non-compliance with such listing requirements.
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RESN | Hot Stocks08:50 EDT Resonant announces 5G XBAR filters manufactured using SAW process - Resonant has announced that its patented 5G XBAR filters, for non-mobile applications have been successfully manufactured by two different foundry partners using a standard surface acoustic wave front end process. Resonant's unique ability to manufacture a complex 5G filter on a SAW front end process was made possible by the company's EDA multi-physics platform, Infinite Synthesized Networks. Both partners manufactured Resonant's XBAR filter, which was designed for the non-mobile n79 5G band, which pertains to applications such as infrastructure, WiFi CPE and automotive, among others. To date, six separate foundries have now successfully manufactured Resonant's XBAR filters. Resonant's XBAR filters have previously been manufactured on a MEMs process line, as utilized by Resonant's industry-leading partner Teledyne. The collaboration with Teledyne continues as we expand the capabilities of the non-mobile XBAR technology. The n79 band XBAR filters manufactured demonstrate minimum insertion loss of less than1 dB, 600 MHz bandwidth from 4400-5000 MHz bandwidth, and high rejection, resulting in superior full bandwidth performance, maximizing data speed by minimizing signal loss and interference, an additional benefit being longer battery life. The partners that manufactured the n79 band XBAR filters were both part of the Resonant Foundry Program, and the results closely mirrored the simulations performed in Resonant's proprietary ISN software platform.
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CORVF | Hot Stocks08:45 EDT Corvus receives additional results from drill program at Mother Lode project - Corvus Gold announces it has received additional results from its current drill program at the Mother Lode project with a successful expansion of the new Central Intrusive Zone "CIZ", Upper Oxide and "North" targets. These new results are beginning to define the shape and continuity of the gold mineralization in these important resource expansion areas of the Mother Lode deposit. Key new intercepts include ML20-151CT, with 56.4m @ 1.71 g/t Au and ML20-141CT with 64.9m @ 1.02 g/t Au including 11.7m @ 3.9 g/t Au and ML20-149CT with 55.1m @ 1.40 g/t Au which shows good vertical continuity with the initial CIZ discover hole ML19-123CT. The CIZ target will be the focus of two of Corvus' three drill rigs operating in the District with the third rig directed at new discovery drilling at its Lynnda Strip, and other emerging new targets. The CIZ results have confirmed the direct association of gold mineralization with the north trending intrusive dike swarm as postulated earlier. These latest results indicate this is a broad zone of gold mineralization, varies in width along strike, and remains open at depth. The dominantly oxide nature of the zone to a depth of approximately 600 metres and its high, heap leach grade is positive for driving the pit to capture most of the currently defined mineralization. In addition, new, preliminary cyanide leach results from hole ML19-123CT show the CIZ oxide mineralization appears to have a high gold recovery averaging above 90%, which Corvus believes indicates good heap leach potential. Drilling at the CIZ target continues in order to determine the development of higher-grade shoots within this new and expanding deposit, which Corvus believes may hold additional potential to develop into an underground deposit. Metallurgical testing of the CIZ has begun to better characterize its processing potential for its future addition to the Mother Lode mine plan. Results from the Central Main Zone sulfide body continue to infill the resource model with higher grade intercepts which are expected to improve the grade and size of the resource as well as its confidence level. These new core-drilling intercepts through the Main Zone at Mother Lode have consistently come in at higher grades than the earlier reverse circulation drill holes. This positive variance may be reflecting a better sample that more effectively tests the zone. In addition, the core drilling is defining a number of unique breccia zones at the top of the CIZ dike swarm that cut the Central Main Zone and are associated with higher-grade gold mineralization. These unique heterolithic breccias appear to be diatreme type or associated with explosive activity above the tops of the intrusive dikes and are a good sign of a very dynamic and large gold system. Additional intersection into the Upper Oxide Zone are defining a sizable body of low-grade heap leach mineralization that will be very beneficial to the mining of the deeper, higher-grade deposit at Mother Lode. This zone of mineralization was previously classified as overburden, thus Corvus believes that the reclassification could add additional ounces to the heap leach mineralization and potentially reduce the overall mining costs. In general, the deep drilling results from the North target have begun to define the northern extent of the surface minable deposit at Mother Lode. The Main zone appears to be thinning and dropping off in grade as the deposit approached the Corvus - Coeur Mining property line although Corvus is seeing silver numbers pick up to the north. This increase in silver is observed in a number of holes as Corvus goes north. In addition, the oxide diatreme breccia mineralization in hole ML19-126CT is an important geologic feature as it is outlining an explosive part of the gold system that could transition to into a large deposit at depth. Further work will be done on the North Zone diatreme to further understand the scattered high-grade intercepts and how they may relate to this potential new intrusive center.
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AAPL | Hot Stocks08:44 EDT Apple announces Apple Music Radio, launches two additional stations - Apple announced two new live global radio offerings on Apple Music, now available to music fans in 165 countries. Beginning immediately, Beats 1 will be renamed Apple Music 1 and two additional radio stations will launch: Apple Music Hits, celebrating songs from the '80s, '90s, and 2000s, and Apple Music Country, spotlighting country music. Since Apple Music's launch in 2015,
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WMT | Hot Stocks08:43 EDT Walmart's Q3 U.S. comps in 'fairly normal range' so far
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BLCT | Hot Stocks08:42 EDT BlueCity releases ESG, CSR reports - BlueCity Holdings released its 2019 Environmental, Social and Governance report and 2019 Corporate Social Responsibility Report, both in their very first editions, which highlight the Company's initiatives to drive progress towards a more diverse and inclusive space for its employees, its 49 million users globally and wider society. HIV prevention: The Blued app facilitated about 50,000 online appointments for HIV testing at more than 200 partnered testing establishments in China as of 2019; 12,304 hours of staff voluntary service were dedicated to HIV-prevention; Over 10 million page views for HIV-prevention content on BlueCity's platforms. R&D and privacy protection: The company invested RMB 130M in research and development during 2019 with a dedicated team of 130 people, accounting for 26% of our total staff. Information security and users' privacy is our top priority, which is especially important for the LGBTQ users that we serve. We have invested significant resources in this area and adopted the principle of data minimization, which limits personal data collection, storage, and usage to data that is relevant, adequate, and absolutely necessary for carrying out the purpose for which the data is processed. The company encrypts confidential personal information we gather from our platform and have established strong internal protocols, under which we grant classified access to confidential personal data to a limited number of employees with strictly defined and layered access authority. Content Monitoring and Preventing Use by Minors: Due to the real-time nature of live streaming, a popular feature of the Blued app, BlueCity utilizes a combination of manual screening and AI image recognition technology to promptly remove any inappropriate or illegal content. In 2019, more than 1.47 million pieces of illegal and inappropriate content were removed. The Blued app strictly limits people under the lawful age from using its platform, which is clearly and repeatedly stated in its user terms and conditions, new-user registration page, welcome screen, home page banner, and chat interface. Once a user is determined to be underage, the account concerned will be identified and blocked by the platform. In addition to the information released in the 2019 reports, BlueCity has actively adopted measures to help our community and broader society in the fight against the ongoing COVID-19 crisis globally, including: Organizing #StayProud: A Virtual Pride Experience, Blued's first-ever online pride event in late June to encourage the LGBTQ community to stay strong and proud during these challenging times, with profits of the show donated to the Los Angeles LGBT Center. The partnership with not-for-profit organizations in countries such as South Korea, India, Japan, the Philippines, Vietnam to donate much-needed medical supplies or conduct COVID-19-related training and education. BlueCity was ranked at No. 12 among 50 top Chinese Internet companies for its CSR performance in 2019 according to a latest report released last month by China CSR Research Center, an affiliate of Southern Weekly, one of the country's most influential media outlets.
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RRD | Hot Stocks08:41 EDT R.R. Donnelley extends final expiration date under shareholder rights plan - R. R. Donnelley announced that its board has approved an amendment of the company's stockholder rights plan to extend the final expiration date under the rights plan to August 28, 2021. The rights plan had been scheduled to expire on August 28. The board approved the one-year extension of the rights plan based on its determination that circumstances continue to warrant RRD maintaining the protections afforded by the rights plan. The board noted that, given the company's depressed stock price and the impact of the COVID-19 pandemic on the company's business and on financial markets, there is heightened potential for one or more persons or groups to gain undue influence over or control of RRD through open market accumulation or other tactics. The rights plan does not prevent any action the board determines to be in the best interest of the company and its stockholders. Under the terms of the rights plan as amended, the rights under the rights plan will expire on August 28, 2021, unless the rights are earlier redeemed, exchanged or terminated.
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EROS | Hot Stocks08:39 EDT Eros International CEO Robert Simonds comments on recently completed STX merger - Eros STX co-chairman and CEO, Robert Simonds, commented on the recently completed merger between Eros and STX. Simonds stated, "Now that we have begun the integration process, we wanted to take a moment to reach out to all of you as a group to express our tremendous excitement about what this transaction means for us and the incredible opportunities in front of us. From the moment we first began discussing this combination, it was clear to both companies that this transaction could represent far more than a sum of the parts. Each of the companies and respective teams brought compelling insights and experiences to the table, but frankly neither company, on its own, could really move the needle in the global media and entertainment landscape. We believe we are now positioned to create a truly global digital entertainment enterprise. Due to its rapid growth and increasing broadband and internet availability in the market, India has become one of the most important entertainment battlegrounds in the world. You need look no further than Jio's recent nearly $20 billion capital raise, backed by some of the largest US-based technology and venture capital investors, and largely centered on the rollout of 5G throughout the country. Media and entertainment looks to play a critical role in that massive regional growth... When you add STX content to the content running through the Eros Now Prime platform, as well as the ultra-premium co-production content we are producing with some of the largest global players like Amazon and Netflix, we have laid the groundwork for a truly massive opportunity. STX has consistently been leading the innovation in Hollywood to a cost-effective model for both the production and distribution of feature film content. What initially began as an effort to produce feature films at a significantly lower price point, and then to utilize an innovative financing structure to cover approximately 50-70% of the cost of our feature films through a combination of international minimum guarantees and production and tax incentives, has recently expanded to a point where STX has been able to spend dramatically less than its competition in marketing theatrical releases for comparable films. That has meant substantially less risk in each film produced, significantly greater profit potential on each film in success with a far higher return on invested capital for successful films relative to our competitors producing similar movies... We do continue to believe in the value of the theatrical experience. This unique shared viewing experience is still of the utmost importance to the biggest storytellers and stars on the planet and our ability to deliver theatrical films efficiently gives us a significant competitive advantage. While the current pandemic has significantly delayed the release of our Gerard Butler film Greenland in most territories, the performance over the past two weekends in certain international territories has been remarkable, with the film performing at or exceeding most of Gerard's other action films in those territories despite the fact that theaters there are only permitting 50% capacity and limiting the total number of showings each day. While this pandemic continues to impact where consumers are able to see the film and while consumers continue to evaluate how they want to view feature content in the future, we will continue to be able to deliver premium content where, when and how consumers want to enjoy it without fundamentally challenging our business model. Despite the business challenges arising from the pandemic, Eros STX has seen a substantial increase in both new subscriptions and consumer engagement on the Eros Now platform driven by increased time spent at home as well as fewer out-of-home entertainment options available. Eros Now has a strong slate of films and original series scheduled for release over the coming quarters, and the Company expects this to help drive continued growth in the paying subscriber base in India and around the world. Consumers are watching more content on the platform than ever before, an acceleration of growth that will provide strong tailwinds to the combined business for the coming quarters."
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BRFH | Hot Stocks08:38 EDT Barfresh announces orders from 100 schools for Twist & Go product - Barfresh Food Group announced that it has expanded its education program to an additional 100 school locations throughout multiple states, including California, Minnesota, Texas and Washington. These 100 schools are spread out across five school districts and form a collective student population of 67,000 students, with the largest school district serving over 32,000 students. Barfresh has already taken orders and began shipping to many of these new locations, as administrators begin to prepare for the reopening of their schools.
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DSKE | Hot Stocks08:37 EDT Daseke appoints Brian Bonner as chairman of the board - Daseke announced that Brian Bonner ended his term as Executive Chairman, effective August 14, 2020. Bonner will continue to serve the Company as an Independent Director and Chairman of the Company's Board of Directors, maintaining the responsibilities commensurate with the Chairman position. Bonner has served as an Independent Director since 2015.
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VERU | Hot Stocks08:36 EDT Veru extends agreement with Roman for premature ejaculation treatment product - Veru announced that it has signed a three-year multi-million unit extension agreement with Roman for Roman's exclusive U.S. digital health distribution of the Company's PREBOOST for the prevention of premature ejaculation under the Roman Swipes brand name.
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JKS | Hot Stocks08:35 EDT JinkoSolar signs contract with Shanghai Electric - JinkoSolar Holding announced that it has signed a contract with Shanghai Electric to supply approximately 1 GW of solar modules for Phase V of the Dubai Electricity and Water Authority, or DEWA, Solar Park. The DEWA project is located in Dubai, and is part of the government's sustainable development to support the Dubai Clean Energy Strategy 2050 with the goal of providing 75% of Dubai's total power output from clean energy sources by 2050. The innovative, bifacial design and low operating temperature of the modules were chosen to help achieve high power gain, effectively reduce LCOE and improve ROI for the project. At the same time, JinkoSolar reached a strategic partnership agreement with Shanghai Electric based on the long-term cooperation between the two parties.
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ZSAN MTLHF | Hot Stocks08:34 EDT Zosano Pharma, Mitsubishi Tanabe enter feasibility study agreement - Zosano Pharma (ZSAN) announced that it has entered into a feasibility study agreement with Mitsubishi Tanabe Pharma Corporation (MTLHF), a global pharmaceutical company that develops and commercializes innovative therapies for patients addressing unmet medical needs, centered on its priority disease areas - autoimmune diseases, diabetes and kidney diseases, central nervous system diseases, and vaccines. Under the agreement, Zosano will evaluate the feasibility of formulating a pharmaceutical agent being developed by Mitsubishi Tanabe Pharma Corporation for administration in humans, with its proprietary microneedle patch system. Defined research and development activities will include both in vitro and in vivo phases. Mitsubishi Tanabe Pharma Corporation receives the right to exercise an option to negotiate an exclusive license to the relevant Zosano technologies in the defined field, which exercise will be dependent on the outcome of the studies. Financial terms and the identity of the Mitsubishi Tanabe Pharma Corporation molecule and development program are not disclosed.
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POAI | Hot Stocks08:33 EDT Predictive Oncology's Skyline Medical sells 8 STREAMWAY Systems - Predictive Oncology announced that its Skyline Medical division has completed the sale of 8 STREAMWAY systems to a large university hospital organization in Virginia for a new surgical center. The hospital system already has 2 STREAMWAY systems currently in use. The sale is expected to generate approximately 4,000 procedures annually. The company has now sold 13 STREAMWAY systems during Q3 2020.
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WMT | Hot Stocks08:26 EDT Walmart: Back-to-school slowness 'understandable given what's going on'
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CCL | Hot Stocks08:21 EDT Carnival investigating ransomware attack against one of its cruise brands - In a regulatory filing, Carnival said that on August 15, the company detected a ransomware attack that accessed and encrypted a portion of one brand's information technology systems. The unauthorized access also included the download of certain of its data files."Promptly upon its detection of the security event, the Company launched an investigation and notified law enforcement, and engaged legal counsel and other incident response professionals. While the investigation of the incident is ongoing, the Company has implemented a series of containment and remediation measures to address this situation and reinforce the security of its information technology systems. The Company is working with industry-leading cybersecurity firms to immediately respond to the threat, defend the Company's information technology systems, and conduct remediation. Based on its preliminary assessment and on the information currently known, the Company does not believe the incident will have a material impact on its business, operations or financial results. Nonetheless, we expect that the security event included unauthorized access to personal data of guests and employees, which may result in potential claims from guests, employees, shareholders, or regulatory agencies. Although we believe that no other information technology systems of the other Company's brands have been impacted by this incident based upon our investigation to date, there can be no assurance that other information technology systems of the other Company's brands will not be adversely affected."
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WMT | Hot Stocks08:21 EDT Walmart not providing FY21 guidance due to continued uncertainty
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CPRX | Hot Stocks08:20 EDT Catalyst, KYE announce exclusive license agreement for Firdapse in Canada - Catalyst Pharmaceuticals, and KYE Pharmaceuticals announced that the companies have entered into an exclusive license agreement under which KYE will commercialize Firdapse in Canada. Firdapse is indicated for the symptomatic treatment of Lambert-Eaton myasthenic syndrome in adults. Under the terms of the agreement, Catalyst will supply Firdapse to KYE and KYE will be responsible for promotion, sales, advertisement, marketing, product importation and distribution. KYE will also be responsible for the ongoing maintenance of the regulatory file and future communications with Health Canada.
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WMT | Hot Stocks08:18 EDT Walmart: Back-to-school season off to slower start than usual
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HTGM | Hot Stocks08:17 EDT HTG Molecular introduces oncology applications, expands analytics capabilities - HTG Molecular Diagnostics announced the commercial release and immediate availability of HTG EdgeSeq Reveal version 3.0, adding additional applications and software functionalities. The HTG EdgeSeq Reveal, launched in January 2019, is a web-based biostatistical analysis software suite designed to accelerate customer research by streamlining their statistical analysis of samples processed with HTG's RUO profiling assays. Today's release adds several applications and additional functionalities, including: RUO oncology applications - Customers globally are now able to leverage RUO oncology applications specifically built upon, and using data from, the HTG EdgeSeq Precision Immuno-Oncology Panel to generate immune, stroma and tumor microenvironment scores to better understand factors such as tumor inflammation and stromal response to a tumor. HTG EdgeSeq Pan B-Cell Lymphoma Panel - Integration of the recently-launched HTG EdgeSeq Pan B-Cell Lymphoma Panel enables customers globally to assess DLBCL Cell of Origin, in addition to using the analytic capabilities of HTG EdgeSeq Reveal to potentially develop molecular subtyping algorithms to classify and research various aggressive lymphomas. RUO menu expansion for Thermo Fisher Scientific Next-Generation Sequencing platform - Expanded profiling assay menu allows customers globally to utilize the analytic capabilities of HTG EdgeSeq Reveal with HTG's entire RUO profiling assay menu, including assays for use with both Illumina, Inc. and Thermo Fisher Scientific NGS platforms.
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NGM | Hot Stocks08:16 EDT NGM Biopharmaceuticals announces presentation of Phase 2 study of aldafermin - NGM Biopharmaceuticals announced that comprehensive data from its 24-week Phase 2 study of aldafermin in patients with non-alcoholic steatohepatitis will be featured in an oral plenary presentation at The Digital International Liver Congress 2020, which will be held virtually August 27-29, 2020. Entitled "Positive topline results from a 24-week, placebo-controlled, multicenter, paired liver biopsy study of the FGF19 analogue aldafermin in patients with nonalcoholic steatohepatitis," the late-breaker oral presentation will be given by Stephen A. Harrison, M.D., Medical Director at Pinnacle Clinical Research, Visiting Professor of Hepatology at University of Oxford, UK and principal investigator of the study, on Saturday, August 29th at 13:00 - 13:15 CEST. The presentation will include detailed findings from the 24-week Phase 2 study as reported by NGM in February 2020, in addition to new analyses from the study.
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CHFS | Hot Stocks08:14 EDT CHF Solutions' Aquadex products granted Federal Supply Schedule contract - CHF Solutions announced that its Aquadex product line has been added to the Federal Supply Schedule, expanding access to all federal government agencies, including the Department of Veterans Affairs, Indian Health Services and Department of Defense Medical Treatment Facilities. The Aquadex system has been used at individual VA hospitals for many years. In each case, the company has negotiated contracts with each individual facility. Now, in partnership with Downeast Logistics LLC, the Aquadex SmartFlow console and Aquadex FlexFlow Blood Circuit Set have been added to the federal supply contract between Downeast Logistics and the federal government and is approved for purchase by all facilities, thereby reducing the time associated with approval at each individual facility.
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WMT | Hot Stocks08:13 EDT Walmart to share more on Walmart+ 'when appropriate'
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WMT | Hot Stocks08:13 EDT Walmart moving toward launch of membership service, CEO says
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IMMP MRK | Hot Stocks08:12 EDT Immutep completes recruitment for Stage 1 of Part B in TACTI-002 study - Immutep (IMMP) reports it has enrolled and safely dosed the last patient for stage 1 of Part B of its TACTI-002 Phase II study, completing recruitment of stage 1 of Part B. Based on the study's Simon's two-stage clinical trial design, safety and efficacy data will be provided to the Data Monitoring Committee for its review and recommendation regarding opening recruitment into stage 2 of Part B once all patients have undergone at least one tumour imaging after treatment. TACTI-002 is being conducted in collaboration with Merck & Co (MRK) and is evaluating the combination of Immutep's lead product candidate, eftilagimod alpha with MSD's KEYTRUDA in up to 109 patients with second line Head and Neck Squamous Cell Carcinoma or NSCLC in first and second line. At present, recruitment is ongoing for Stage 2 of Part C. Pending the DMC's recommendation, Immutep will consider opening stage 2 of Part B for recruitment.
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BNGO PKI | Hot Stocks08:10 EDT Bionano Genomics appoints Alka Chaubey as CMO - Bionano Genomics (BNGO) announced that Dr. Alka Chaubey, PhD, FACMG, will join Bionano as its first chief medical officer, effective August 31, 202. As CMO of Bionano, she will take the lead in driving toward our goal of global, widespread adoption of Saphyr for use in various clinical applications, including digital cytogenetics. Chaubey comes to Bionano with almost 20 years of scientific and clinical experience, including at PerkinElmer (PKI), where she currently serves as the Head of Cytogenomics for PerkinElmer Genomics and for Vanadis.
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BYSI | Hot Stocks08:08 EDT BeyondSpring appoints Ravindra Majeti to board of directors - BeyondSpring (BYSI) announced that the company has appointed Dr. Ravindra Majeti, Chief of Hematology, Stanford University, to BeyondSpring's Board of Directors. In 2014, Dr. Majeti co-founded Forty Seven, a clinical-stage immuno-oncology company developing therapies targeting cancer immune evasion pathways and specific cell targeting approaches based on technology licensed from Stanford.
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WMT | Hot Stocks08:08 EDT Walmart's back-to-school sales negatively impacted by COVID-19
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TTWO | Hot Stocks08:08 EDT Take-Two to acquire Playdots for $192M in cash, newly issued shares - Take-Two announced that it has entered into a definitive agreement to acquire privately-held Playdots for $192M, comprised of $90M in cash and the balance in newly issued shares of Take-Two common stock The cash portion will be funded from Take-Two's cash on hand. The number of Take-Two shares will be calculated by dividing $102M by the average closing price per share on Nasdaq during the thirty trading day period ending on the date three days prior to the closing date. The purchase price assumes a debt-free, cash-free company with a normalized level of net working capital at the time of the closing of the acquisition. The acquisition is expected to close in Q3, subject to customary closing conditions. Founded in 2013 and based in New York City, Playdots builds mobile games with unique and thoughtful designs. The studio has created three mobile games, Dots, Two Dots and Dots & Co., which have been downloaded over 100M times. They are best known for Two Dots, which has been downloaded over 80M times since its launch six years ago and that continues to deeply engage audiences throughout the world. With 2,900 levels of content, Playdots is led by Nir Efrat, who came to the company in March, 2018 and serves as CEO. Prior to Playdots, Efrat was head of franchises and studios at King, the creator of Candy Crush mobile game series, where he led franchises such as Farm Heroes Saga, Bubble Witch Saga, and Pet Rescue Saga. While at King, Efrat also oversaw the company's game studios in London, Barcelona, Seattle, Berlin and Shanghai. He will continue to lead Playdots and its approximately 70 employees following the completion of Take-Two's acquisition of the company. Playdots has a development pipeline with a number of puzzle games planned for launch over the coming years.
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WMT | Hot Stocks08:07 EDT Walmart's July U.S. comps grew more than 4% - Walmart said: "Q2 sales started strong, both in-store and online, particularly in general merchandise, helped by government stimulus spending. Grocery sales had another strong quarter. As stimulus funds tapered off, sales started to normalize, but July comps still grew more than four percent." Comments taken from Q2 earnings conference call.
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HIL | Hot Stocks08:07 EDT Hill International to support development on Bosnia and Herzegovina's motorway - Hill International announced it has been selected by JP Autoceste FBiH to provide technical assistance to the Project Implementation Unit for the construction of an approximately 5.5 KM motorway between Poprikue and Nemila in the Mediterranean Core Network. The Corridor Vc project represents a EUR 188.3 million investment by the European Bank for Reconstruction and Development and the European Investment Bank. Given the challenging geotechnical properties of the region, the new motorway will feature several unique elements, such as the 3.6 KM Golubinja tunnel, two bridges, two viaducts, an overpass, and a roundabout. The project is also a key part of the national strategy, Framework Transport Strategy of Bosnia and Herzegovina, which lays out the country's anticipated transportation-sector development by 2030. It will facilitate integration of the country with European economic and social structures and improve the connection of Bosnia and Herzegovina with neighboring countries, especially Croatia and Hungary. It will thereby improve the potential for economic development through trade. Moreover, the project is expected to create approximately 750 jobs during and after construction. As the Corridor Vc is the most modern and most heavily used roadway in the nation, its upgrades will also improve local traffic conditions. Nearly 169,000 residents will have better access to education and healthcare as a direct result of this project. As leader of an international consortium, Hill International will assist the PIU with contract implementation, administration, and supervision to help ensure that the program is efficiently carried out in line with all contractual conditions and technical specifications. Hill will take a proactive role in the implementation of the project by initiating and coordinating all activities among other stakeholders to achieve the project's goals. Hill will also provide technical assistance to the PIU, including management of the project, supervision and monitoring services, and oversight of communications, reporting, and document preparation.
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EMMA | Hot Stocks08:05 EDT Emmaus Life Sciences submits MAA to Saudi Food and Drug Authority - Emmaus Life Sciences announced the submission of an application to the Saudi Food and Drug Authority for Marketing Authorization for Endari in the Kingdom of Saudi Arabia. This follows Emmaus' announcement that the SFDA had granted Endari a priority review designation as part of its program to expedite the review of drugs that are expected to have a significant impact on the treatment of a disease with unmet medical need. Endari, Emmaus' prescription grade L-glutamine oral powder, is approved by the United States FDA and the Israeli Ministry of Health to reduce the acute complications of sickle cell disease in adult and pediatric patients five years of age and older. Endari can currently be prescribed in Saudi Arabia on a named patient basis and will continue to be available on that basis during the review and approval process with the SFDA. Emmaus estimates that there are approximately 225,000 sickle cell disease patients that could potentially be treated with Endari in the Middle East and North Africa region. Saudi Arabia has the highest prevalence of sickle cell disease in the MENA region with an estimated 100,000 treatable patients.
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VG MSFT | Hot Stocks08:05 EDT Vonage Contact Center to include integration with Microsoft Dynamics 365 - Vonage (VG) has announced that it will expand its Vonage Contact Center offering to include seamless integration with Microsoft (MSFT) Dynamics 365. Vonage Contact Center for Microsoft Dynamics 365 enables businesses working within the Microsoft ecosystem to leverage personalized customer engagement capabilities with a cloud-based contact center solution, empowering agents to increase productivity, access customer insights and deliver an enhanced customer experience.
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A | Hot Stocks08:04 EDT Agilent invests roughly $150M to add 25,000 square feet to Colorado facility - Agilent announced it will expand its state-of-the-art production facility in Frederick, Colorado, that develops and manufactures "oligos," which are short DNA and RNA molecules used to create nucleic acid-based therapeutics. Oligos hold the potential to be used in developing treatments for cancer, COVID-19, cardiovascular disease, rare and infectious diseases and other conditions. The expansion will more than double the current capacity for manufacturing therapeutic oligos at the Frederick site. Agilent expects the supplier market for therapeutic oligos to exceed $750M in 2025 with projected double-digit annual growth over the next five years. The addition of the higher-volume manufacturing line will help Agilent meet this growing demand from pharmaceutical and biotech companies. Customer shipments from the new line are expected to begin by the end of 2022. Agilent is investing approximately $150M to add 25,000 square feet of manufacturing capacity to the Frederick facility. The new capacity will also expand Agilent's presence in Colorado, where the company has had an oligo manufacturing site in nearby Boulder since 2006. The Frederick facility, 30 miles north of Denver, has been operating since 2019. Both sites are current good manufacturing practices, or cGMP, facilities, as designated by the FDA.
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NTWK | Hot Stocks08:04 EDT NetSol Technologies announces first North American Go Live for NFS Ascent - NETSOL Technologies announced that it has successfully gone live with the Company's cloud-based NFS Ascent Contract Management System, marking the first official Go Live for Ascent in North America. The implementation was performed for SCI Lease Corp, a Canadian-based national automotive leasing company, as part of a contract that was originally signed in November 2019, which also represented the first Software-as-a-Service based agreement for Ascent in this region. The deployment was achieved in a Company record of eight months through a largely remote-work environment. The Company believes this initial Go Live will serve as a strong endorsement for its ability to meet project deadlines even in the current, uncertain environment and should support additional sales as it expands its reach into the North American market.
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HSC BA | Hot Stocks08:03 EDT Harsco appoints Wendy Livingston as SVP, CHRO - Harsco Corporation (HSC) announced it has appointed Wendy Livingston as Senior Vice President, Human Resources and Chief Human Resources Officer. In this role, Livingston will be responsible for developing the human resources global strategy for the Company and its 13,000 employees located in more than 30 countries. She will work alongside corporate functional heads and division presidents on driving performance, teamwork and people development to achieve Harsco's financial objectives and long-term business plan. Livingston joins Harsco from The Boeing Company (BA) where she worked for the past 24 years, most recently as Vice President, Corporate Human Resources.
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BIOC | Hot Stocks08:03 EDT Biocept awarded U.S. patent for Primer-Switch technology - Biocept announces that it has been granted US Patent number: 10,745,749, entitled "METHODS FOR DETECTING NUCLEIC ACID SEQUENCE VARIANTS." The patent provides intellectual property protection for Primer-Switch technology, which is useful for the detection of rare cell mutations using circulating tumor DNA analysis through real-time PCR and associated analysis methods, including next-generation sequencing. The issuance of this patent expands Biocept's intellectual property protection for the detection of rare mutations, including cancer biomarkers found in tissue, blood and cerebrospinal fluid. This is the second issued patent for the Primer-Switch technology, and is another step in Biocept's pursuit of worldwide patent protection for this technology.
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EDAP | Hot Stocks08:02 EDT EDAP TMS announces two publications highlighting HIFU technology - EDAP TMS announced that two papers highlighting studies of the Company's high intensity focused ultrasound technology for the effective ablation of prostate cancer tissue have been accepted for publication in the prestigious peer-reviewed Journal of Urology, the official journal of the American Urology Association. The two studies, scheduled for publication in the September and October paper editions of the journal, detail clinical outcomes from HIFU procedures conducted at the first two hospitals to purchase the Ablatherm device in the US shortly after the FDA clearance at the end of 2015. Details of the publications are as follows: High Intensity Focused Ultrasound Hemigland Ablation for Prostate Cancer: Initial Outcomes of a United States Series. Andre Abreu et al., USC Institute of Urology, Keck School of Medicine, University of Southern California, Los Angeles, California. This study describes a study of 100 men with a confirmed diagnosis of prostate cancer, 72% of whom were diagnosed with intermediate or high-risk disease. All study subjects underwent hemi-gland ablation with HIFU as primary treatment for prostate cancer between December 2015 and December 2019. Radical treatment was avoided in 91% of men at two years. There were no major complications, and no rectal fistulas occurred. The study found that urinary symptoms returned to near baseline questionnaire scores within 3-6 months and sexual function returned to baseline by 12 months. Prospective Evaluation of Focal High Intensity Focused Ultrasound for Localized Prostate Cancer. B. Nahar et al., Department of Urology, University of Miami Miller School of Medicine, Miami, Florida, Sylvester Comprehensive Cancer Center. This paper describes a single-center prospective study of 52 prostate cancer patients who underwent HIFU treatment between January 2016 and July 2018. Sixty seven percent of study subjects were diagnosed with intermediate or high-risk disease. All patients were treated with EDAP's Ablatherm HIFU device and were followed for a minimum of 12 months post-procedure. Biopsies were performed at 6 or 12 months for high or low/intermediate risk cancers, respectively. Two years post procedure, only one patient had to undergo radical prostatectomy surgery. No change in continence was observed and sexual function returned to baseline at 12 months.
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AAP | Hot Stocks07:55 EDT Advance Auto Parts jumps 6% to $171.00 after Q2 results beat estimates
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MCS | Hot Stocks07:47 EDT Marcus Theatres announces next phase of reopening - Marcus Theatres, a division of Marcus, announced the timing for the next two phases of reopening theatres. On Friday, August 21, 35 theatres will reopen and on August 28, another 30+ theatres will welcome guests back. In total, more than two-thirds of the 91 Marcus Theatres or Movie Tavern locations will be reopened in time for the domestic release of the film "Tenet" on September 3. The remaining theatres will open at a later date. All theatres will feature updated health and safety measures.
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CNOO HCAC | Hot Stocks07:42 EDT Canoo Holdings to go public via deal with Hennessy Capital Acquisition
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ACRGF CGC | Hot Stocks07:39 EDT Acreage files proxy statement related to amended Canopy Growth arrangement - Acreage Holdings (ACRGF) announce that it: obtained an interim order of the Supreme Court of British Columbia in connection with its proposed amended arrangement involving Canopy Growth Corporation (CGC) to be implemented under a statutory plan of arrangement pursuant to section 288 of the Business Corporations Act; and filed its proxy statement and management information circular and related materials in respect of the special meeting of Acreage shareholders to be held on September 16, 2020 to approve the Amended Arrangement and matters related thereto. Implementation of the Amended Arrangement is subject to obtaining the final order of the Court, approvals from Shareholders at the Meeting, Canadian Securities Exchange approval, and satisfaction of certain other conditions to implementing the Amended Arrangement as set forth in the proposal agreement dated June 24, 2020 between Acreage and Canopy Growth.
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SAIC | Hot Stocks07:35 EDT SAIC selected by USDA to provide IT services for up to $450M BPA - SAIC was selected for a spot on the U.S. Department of Agriculture, or USDA, Information Technology Support Services, or DAITSS, blanket purchase agreement, or BPA, to compete for call orders worth up $450M. Under the BPA, SAIC will compete to provide a broad range of enterprise IT support services including artificial intelligence, robotic process automation, machine learning, and other innovative and emerging technologies across to serve all of the department's agencies and offices. The multiple-award DAITSS BPA, awarded in Q1 under the General Services Administration's IT Schedule 70 contract vehicle, covers a five-year ordering period. Work areas covered under the BPA include software engineering, enterprise architecture, cloud development, data analytics, geographic information systems, systems integration, mobile devices, cybersecurity and governance. To enable USDA's IT support services, SAIC will apply IT components, IT services, and ancillary elements as required to successfully achieve the USDA's mission to provide leadership on food, agriculture, natural resources, rural development, nutrition, and related issues based on public policy, the best available science and effective management.
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CYTK | Hot Stocks07:33 EDT Cytokinetics announces four-year partnership with HCM Registry - Cytokinetics announced a $1M grant and four-year partnership with the HCM Registry, a global registry of patients with hypertrophic cardiomyopathy focused on improving predictive measures of risk for complications and identifying biomarkers associated with adverse clinical outcomes. The HCMR was designed as the first prospective multinational registry to identify novel prognostic markers in HCM, including CMR markers of fibrosis, genetic markers, and biomarkers. It has been funded to date by the National Heart, Lung, and Blood Institute, part of the National Institutes of Health and is being conducted by the University of Virginia and the University of Oxford. As an industry sponsor, Cytokinetics will join the HCMR Steering Committee in an observational capacity. The HCMR is a prospective, observational study that enrolled 2,755 participants from 44 sites in six countries in North America and Europe who will be followed for at least five years and up to 10. Enrollment began in 2014 and completed in 2017. Primary outcome measures include cardiac death, aborted sudden cardiac death, heart transplant and left ventricular assist device placement. Secondary outcome measures include all-cause mortality, ventricular tachyarrhythmias, hospitalization for heart failure, atrial fibrillation and stroke. The results of the study will help predict the risk of developing complications associated with HCM and provide evidence to inform better treatment decisions.
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ARWR | Hot Stocks07:32 EDT Arrowhead doses first patient in AROHIF21001 study - Arrowhead announced that it has dosed the first patient in AROHIF21001, a Phase 1b dose-finding clinical study of ARO-HIF2, the company's investigational RNA interference, or RNAi, therapeutic being developed as a treatment for patients with clear cell renal cell carcinoma, or ccRCC. Javier San Martin, CMO at Arrowhead, said: "This Phase 1b study is designed to provide us with a robust readout on safety and dose response of ARO-HIF2, and may also deliver signals on preliminary efficacy in an advanced ccRCC patient population. Most patients with ccRCC, one of the most common forms of kidney cancer, have an inactivated mutation in the Von Hippel-Lindau gene rendering them unable to degrade HIF-2alpha, which leads to an increase in activity during tumor hypoxia and promotes tumor growth. We believe that HIF-2alpha is an attractive target for RNAi-based gene silencing and, more broadly, we are eager to achieve clinical validation for our tumor targeted TRiM(TM)-enabled RNAi therapeutics so we can address additional unmet needs in oncology. We also recently announced that ARO-ENaC, our investigational RNAi therapeutic targeting cystic fibrosis, started dosing in a Phase 1/2 study. This means that our TRiM(TM) platform is now being studied in three different tissue types in human clinical trials. This is very exciting for us at Arrowhead and, we think, represents a significant step towards reaching the full therapeutic potential of RNA interference."
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SHYF | Hot Stocks07:32 EDT Shyft Group is producing its first order of electric vehicles - The Shyft Group announced its Utilimaster brand is producing its first production order of electric vehicles, or EV, for two leading parcel delivery companies on its new flexible body assembly line. Utilimaster has proven EV walk-in vans on the road today with linen and uniform delivery customers, but these new orders represent the first EV walk-in vans designed specifically for, and ordered by, its parcel fleet customers. The vehicles are built upon Shyft's traditional walk-in van chassis platform, which has been converted to use an all-electric powertrain. The EVs will be evaluated by these customers for route testing, suitability, and performance, and the feedback from these units will be used to further refine the features of Shyft's electric last mile delivery vehicles. Production of the electric delivery vehicles is expected to begin in 2021 with a dedicated EV chassis assembly line that can produce up to 5,000 units per year on a single shift.
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AMTX | Hot Stocks07:31 EDT Aemetis regains compliance with Nasdaq listing requirements - Aemetis announced it received a letter from The NASDAQ Stock Market on August 11, 2020, which contained a NASDAQ compliance determination that the Company has regained compliance with NASDAQ Listing Rule 5450(b)(2)(C), which requires that listed securities maintain a minimum market value of publicly held shares of the Company's common stock equal to or in excess of the $15,000,000 minimum. On August 12, 2020, Aemetis received a letter from NASDAQ confirming compliance with NASDAQ Listing Rule 5450(a)(1), which requires that listed securities maintain a closing bid price equal to or in excess of $1.00 per share. The NASDAQ letters noted that the Company's common stock has maintained a closing bid price of at least $1.00 per share for 10 consecutive trading days as well as a minimum market value of publicly held shares of the Company's common stock equal to or in excess of the $15,000,000 minimum for 10 consecutive trading days, enabling the Company to regain compliance with both NASDAQ Listing Rule 5450(a)(1) and 5450(b)(2)(C). Consequently, NASDAQ confirmed that both matters are now closed.
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NGS | Hot Stocks07:14 EDT Natural Gas Services sees 2H20 capex $8M-$10M - Forecasted capital expenditures of $8M-$10M for the second half of 2020 backed by recent rental order that will require $6+M in capital.
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HCAC | Hot Stocks07:14 EDT Hennessy Capital Acquisition, Canoo enter agreement for business combination - Canoo Holdings, a company developing breakthrough electric vehicles from the ground up, and Hennessy Capital Acquisition Corp. IV, a special purpose acquisition company, announced they have entered into a definitive agreement for a business combination that would result in Canoo becoming a publicly listed company. Upon closing of the transaction, the combined operating company will be named Canoo and will continue to be listed on the Nasdaq Stock Market under the ticker symbol "CNOO."
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CCLP | Hot Stocks07:12 EDT CSI Compressco regains compliance with Nasdaq listing rules - CSI Compressco announced that it received a letter from the Nasdaq Stock Marke on August 17 which contained a NASDAQ compliance determination that the Partnership has regained compliance with NASDAQ Listing Rule 5450, which requires listed securities to maintain a minimum closing bid price of $1.00 per unit. CSI Compressco's common units have maintained a closing bid price of at least $1.00 per unit for more than ten consecutive trading days. Accordingly, CSI Compressco has regained compliance with Nasdaq Listing Rule 5450 and Nasdaq considers the prior bid price deficiency matter now closed.
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CODA | Hot Stocks07:10 EDT Coda Octopus Group announces U.S Navy roll-out restart of DAVD program - Coda Octopus Group announced that the Company and program lead, NAVSEA 00C3, have restarted the GEN 1.0 Diver Augmented Vision Display system roll-out program to the U.S. Navy fleet. The Office of Naval Research, the project's sponsor through an ONR Future Naval Capabilities program, is pleased that the roll-out program of the ground-breaking diver management system is moving ahead with swift and eager adoption by the diving community. The first Navy Team to complete field training and receive delivery of a DAVD GEN 1.0 system is the NAVSEA Southeast Regional Maintenance Center Dive Locker, in Mayport, FL. This Dive locker specializes in Underwater Ships Husbandry diving to support the Fleet based in the Mayport area and, according to NAVSEA, the DAVD will be part of the dive locker team's routine and daily diving operations. Continuing through August and September, the DAVD Launch Team will conduct similar initial in-field training with divers from other Navy Divisions. These include Naval Facilities Engineering Command Engineering and Expeditionary Warfare Center, in Port Hueneme, CA; Mobile Diving and Salvage Unit Teams 1 and 2, and Underwater Construction Teams 1 and 2.
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CSIQ | Hot Stocks07:08 EDT Canadian Solar subsidiary begins construction of Pflugerville Solar Project - Canadian Solar announced its wholly-owned subsidiary, Recurrent Energy, commenced construction on the 144 MWac Pflugerville Solar Project located in Travis County, Texas. Recurrent Energy signed a Power Purchase Agreement, or PPA, with Austin Energy in 2018 for the Pflugerville Solar Project to provide low-cost solar power to the utility's customers for 15 years following the start of operation. This PPA supports Austin Energy's renewable energy goals which commit the utility to cost-effectively reduce emissions and includes plans to exit from its coal-fired power generation by the end of 2022. The Pflugerville Solar Project is expected to create long-term permanent jobs to support the operation and maintenance of the power plant, as well as more than 350 construction jobs of which at least 50% will be performed by local workers. The project will also have a positive economic impact on the local community by providing tax revenues for Travis County and the Elgin ISD, which will total approximately $350M throughout the life of the project. Once operational, the Pflugerville Solar Project is expected to generate enough low-cost clean electricity to power the equivalent of approximately 25,000 Texas homes.
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RUN... | Hot Stocks07:07 EDT Sunrun, Vivint announce stock purchase agreement between Coatue, 313 Acquisition - Sunrun (RUN) and Vivint Solar (VSLR) announced that Coatue US 24, a vehicle affiliated with Coatue Management, has entered into a Stock Purchase Agreement with 313 Acquisition, a Blackstone (BX) affiliate, for the purchase of 11,627,907 shares of Vivint Solar common stock in a private transaction. 313 Acquisition sold the shares to Coatue for $21.50 per Vivint Solar share, which was based on the trailing 10-day volume weighted average price of Vivint Solar common stock with a reference date of August 4, 2020, representing an aggregate purchase of approximately $250M. In connection with the purchase, Coatue has entered into a support agreement, pursuant to which Coatue agreed, among other things, to vote its shares of Vivint Solar common stock acquired from 313 Acquisition in favor of the adoption of the merger agreement previously entered into by Sunrun and Vivint Solar and entered into a lock-up agreement, pursuant to which Coatue agreed not to transfer the shares it acquires from 313 Acquisition for 120 days following the closing of the merger, subject to certain exceptions, as further described in regulatory filings relating of Sunrun and Vivint Solar relating to the purchase made today with the Securities and Exchange Commission. Neither Sunrun nor Vivint Solar sold any shares of common stock in the transaction and neither company will receive any proceeds from the sale of shares by 313 Acquisition to Coatue.
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MICT | Hot Stocks07:06 EDT MICT, Inc.: Micronet receives first major order for SmartCam - MICT, Inc. announced that its subsidiary Micronet Ltd. has received the first significant order for its new, highly innovative video telematics product, SmartCam, which integrates advanced software and AI functionality to serve the fastest growing segment of the estimated $45B global telematics market. SmartCam, which received U.S. Federal Communications Commission authorization for 2.4GHZ, 5GHZ and LTE, subsequently entered a pilot trial with a global telematics provider, an ongoing customer of Micronet, leading to this first substantial order for SmartCam in the North American market.
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STN | Hot Stocks07:06 EDT Stantec awarded $45M contract by USACE Huntington District - The US Army Corps of Engineers, or USACE, Huntington District, has awarded global design firm Stantec with a five-year, $45Mindefinite delivery/indefinite quantity, or IDIQ, contract. Under this geotechnical services contract, the firm will be tasked to support the USACE mission to plan, design, evaluate, construct, operate, and control flood damage reduction projects within the Continental United States and its territories. Stantec will provide various geotechnical services for dam and levee safety projects.
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WMT | Hot Stocks07:06 EDT Walmart incurred incremental costs related to COVID-19 of $1.5B
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SRAX | Hot Stocks07:05 EDT Srax announces Sequire surpasses 1M active investors, traders - Srax announced its investor intelligence and communications platform, Sequire, has surpassed 1M active investors and traders from 91 public companies. Sequire has shown growth since its launch in early 2019, growing its client base to 91 publicly traded companies in the U.S. and Canada. The issuers on the platform have an aggregate of over 1M investors and traders.
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VNDA | Hot Stocks07:04 EDT Vanda Pharmaceuticals: Tradipitant may accelerate improvement in COVID-19 - Vanda Pharmaceuticals reported that interim analysis showed tradipitant may accelerate clinical improvement in SARS-CoV-2 (COVID-19) pneumonia in the ODYSSEY study. Interim analysis of the ODYSSEY study showed that a 14 day tradipitant treatment accelerated clinical improvement by day 7. Tradipitant numerically improved median time to clinical improvement by day 28. Similar overall rates of improvement and mortality were observed for the two treatment arms at day 28. The interim analysis of the ODYSSEY study demonstrated that hospitalized patients with COVID-19 pneumonia improved sooner when treated with tradipitant as compared to placebo. This finding was based on a preliminary analysis of the first 60 patients enrolled in the ODYSSEY study of tradipitant in COVID-19 pneumonia. ODYSSEY is an ongoing Phase III double-blind placebo-controlled trial investigating the efficacy and safety of tradipitant, a neurokinin-1 receptor antagonist, in the treatment of neurogenic inflammation of the lung secondary to SARS-CoV-2 (COVID-19) infection, which was initiated in April 2020. The study is expected to enroll 300 patients, and as of July 15, 2020, 60 patients had enrolled and completed the study. Because this is the first study of tradipitant for this indication and given the increased rate of mortality seen with COVID-19 pneumonia, an interim analysis was planned to better assess the efficacy and safety of tradipitant in this population of COVID-19 patients.
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FRHHF | Hot Stocks07:04 EDT Freshii partners with Flipp app - Freshii and Flipp announced their partnership to offer Canadians value and savings content on the Flipp app. From now until September 10, Canadians can find deals from Freshii on bowls for two, meals for three and plenty more.
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WMT | Hot Stocks07:04 EDT Walmart jumps 6% in pre-market trading after Q2 earnings beat estimates
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IMTX | Hot Stocks07:02 EDT Immatics treats first patient in IMA202-101 trial in Europe - Immatics announced the treatment of the first patient in the IMA202-101 trial in Europe following the Clinical Trial Application approval by Paul-Ehrlich-Institute, the regulatory body for cell and gene therapies in Germany. In addition, Immatics has been granted regulatory approval by PEI to initiate another phase I clinical trial in Germany to evaluate safety, tolerability and initial signs of clinical efficacy of IMA203. The clinical trials of the IMA200 series will investigate up to three novel cancer immunotherapies, which include IMA202 and IMA203. IMA202 and IMA203 are designed to target unique peptides derived from either melanoma-associated antigen 1 or preferentially expressed antigen in melanoma, respectively. Both are built on Immatics' proprietary ACTengine approach in which the patient's own T cells are genetically engineered to express an exogenous T cell receptor directed against true cancer targets. By introducing this novel cancer specific TCR, the goal is to redirect and selectively activate the patient's T cells to fight the tumor. The studies will investigate the safety and tolerability of Immatics' Adoptive Cell Therapies in patients with target-positive solid cancers and seek initial signals of anti-tumor activity. Moreover, persistence of the infused engineered T cells will be monitored in the patient's blood as T cell persistence is considered a major pre-requisite to obtain an anti-tumor response. The aim is to develop innovative personalized immunotherapies targeting a patient's tumor selectively and effectively. The initial group of clinical trial sites in Germany includes the University Hospital Carl Gustav Carus in Dresden, the University Hospital Bonn and the University Hospital of Wurzburg. Previous patients in the IMA200 series were initially enrolled at The University of Texas MD Anderson Cancer Center in Houston, Texas, and more recently at the Columbia University Irving Medical Center in New York and the UPMC Hillman Cancer Center in Pittsburgh, Pennsylvania.
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IQ TCEHY | Hot Stocks07:01 EDT Taiwan announces plans to ban iQIYI, Tencent streaming services - Taiwan plans to ban iQIYI (IQ) and Tencent (TCEHY) streaming services, Bloomberg reports, citing a statement from the Taiwan Economic Affairs Ministry. The Taiwanese government will issue a formal order on September 3 to forbid individuals and entities in Taiwan to license or distribute the two Chinese companies' streaming services, according to Bloomberg. IQiyi did not win approval from the government to operate a streaming service when it applied to set up a subsidiary in Taiwan in 2016, the statement says. Reference Link
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WMT | Hot Stocks07:00 EDT Walmart reports Q2 U.S. comp sales up 9.3% - Walmart U.S. comp sales increased 9.3%, led by strength in general merchandise and food. Walmart U.S. eCommerce sales grew 97% with strong results across all channels. Sam's Club comp sales increased 13.3%. eCommerce sales grew 39%. Walmart International net saleswere $27.2 billion, a decrease of 6.8%. Changes in currency rates negatively affected net sales by approximately $2.4 billion.
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JCI ZBRA | Hot Stocks06:58 EDT Johnson Controls CFO Brian Stief to retire, Olivier Leonetti to succeed - Johnson Controls (JCI) announced that Olivier Leonetti would join the company and succeed Brian Stief as the CFO. Leonetti will join the company in the next several weeks and initially be appointed as executive VP and CFO-elect. He will assume the role of executive VP and CFO, following the filing of the company's annual report on Form 10-K for FY20. Current vice chairman and CFO Brian Stief, will step down from the CFO role at that time. Stief will remain in his role as vice chairman, serving in an advisory capacity, and will retire from the company at the end of this calendar year. Stief and Leonetti will work closely together over the next several months to ensure an orderly transition into the 2021 calendar year. Most recently, Leonetti served as senior vice president, CFO for Zebra Technologies (ZBRA). With responsibility for over 1000 employees, Leonetti managed all finance and IT functions, including investor relations and global business services.
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NBY WMT | Hot Stocks06:51 EDT NovaBay expands Avenova's online distribution to Walmart.com - NovaBay Pharmaceuticals (NBY) announces the launch of Avenova on Walmart.com (WMT), increasing the availability of its facial sanitizer confirmed through independent laboratory testing to kill the SARS-CoV-2 virus on hard surfaces. Avenova, used since 2015 for eyelid and eyelash cleansing, is FDA-cleared, completely non-toxic and gentle enough for daily use on the sensitive skin around the eyes, nose and mouth, the company said in a statement.
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BIOL | Hot Stocks06:50 EDT Biolase promotes CFO John Beaver to COO, will retain prior role - Biolase announced that John Beaver, the company's CFO since 2017, has been promoted to the newly-created role of COO. Beaver will retain his responsibilities as CFO and will continue to work closely with Todd Norbe, president and CEO of the company, to execute its growth strategy.
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BIOL | Hot Stocks06:48 EDT Biolase regains compliance with Nasdaq rule - Biolase announced that it received notification from Nasdaq indicating that the company now meets the minimum stockholders equity requirement of $2.5M set forth in Listing Rule 5550. Following the registered direct offering in June and the recently completed $18M rights offering in July, Nasdaq has determined that the company is now in compliance with the minimum stockholders equity requirement. Additionally, Nasdaq has granted the company an additional 180-day grace period to regain compliance with the $1.00 minimum bid price per share, in accordance with Nasdaq's Marketplace Rule 5550. The additional compliance period ends on February 16, 2021, and during this grace period, the Company's common stock will continue to trade on Nasdaq.
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STOR BRK.A | Hot Stocks06:47 EDT Store Capital announces August rent collections of 86% - STORE Capital Corporation (STOR) announced August rent collections and the repayment of the majority of borrowings on its credit facility. As of August 17, STORE Capital had received rent payments representing 86% of contractual base rent and interest for the month of August. July collections also increased to 86%, up from the previously announced 85%. Based on an updated survey of STORE Capital tenants, the percentage of properties open in August also increased to 93% from 92% in July. "The number of our locations open for business has continued to increase since May, and rent collections have risen accordingly," said Christopher Volk, President and CEO. "During August, no new tenants requested lease deferrals. Moreover, the high level of rent collections and the consistency of our portfolio performance have given us the confidence to repay $450M of borrowings on our credit facility, returning our borrowings on the credit facility to pre-COVID levels. As our tenants have been able to conduct commerce, STORE has predictably realized elevated rental income, which we believe will continue as more locations are able to reopen. We are also gratified that the confidence in our tenants and business model has been recognized by our stockholders. Notably, Berkshire Hathaway (BRK.A) increased its ownership of STORE Capital by 31%, to nearly 10% of shares outstanding as of June 30."
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TRMB | Hot Stocks06:44 EDT Trimble, Totalmobile awarded HS2 contract from EKFB - Trimble and Totalmobile, a field service management software specialist, announced that they have been awarded a contract from civil engineering joint venture Eiffage Kier Ferrovial BAM, or EKFB, to support its transportation and logistics operations on the HS2, the UK's new low-carbon, high-speed rail project. Trimble and Totalmobile have developed an vehicle management booking system and integrated inventory management system that will enable EKFB to monitor, manage and analyze the status and location of its subcontractors' vehicles and inventory in real-time. A first of its kind, the cloud-based solution will provide EKFB with immediate oversight of the progress of thousands of trucks each day via a single dashboard, including information on loads, collections and completed deliveries. The software's reporting and evaluation capabilities will allow EKFB to provide near real-time updates to HS2 helping prevent potential delays and support contractor compliance. The software will be able to track vehicles traveling to and from construction sites in real time, minimizing disruption to neighboring towns and villages. The new system combines Totalmobile's Mobilise mobile workforce management application with the Trimble MAPS platform of commercial mapping, routing, navigation and location APIs. Leveraging Trimble MAPS' map visuals, route planning and execution cloud software, EKFB fleet managers will be able to plan routes that automatically factor strict capacity and routing compliance requirements determined by HS2. EKFB's subcontractors' drivers will also be provided with Totalmobile's Mobilise app integrated with Trimble's CoPilot truck-specific satellite navigation application. This allows EKFB to communicate directly with each delivery vehicle, based on live data feeds and potential route deviation alerts from the system. EKFB is a joint venture between civil engineering and construction companies: Eiffage, Kier, Ferrovial Construction and BAM Nuttall. It has been appointed by HS2 to deliver civil engineering works across an 80 kilometer section of the new high-speed rail link between the Chiltern Tunnel and Long Itchington. The section will include 15 viaducts, 6.9 kilometers of green tunnels, 22 kilometers of road diversions, 81 bridges and around 30M cubic meters of excavation.
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LLY | Hot Stocks06:39 EDT Eli Lilly, Innovent announce global expansion of TYVYT licensing agreement - Eli Lilly and Innovent Biologics announced a global expansion of their strategic alliance for TYVYT, an anti-PD-1 monoclonal antibody immuno-oncology medicine that was co-developed by Innovent and Lilly in China. In 2019, Lilly and Innovent began commercializing TYVYT in China after being granted marketing approval for relapsed or refractory classic Hodgkin's lymphoma after at least two lines of systemic chemotherapy. TYVYT is the only PD-1 inhibitor to be included in China's National Reimbursement Drug List, or NRDL, and is included in the 2019 Guidelines of Chinese Society of Clinical Oncology for Lymphoid Malignancies. Lilly and Innovent currently co-commercialize TYVYT in China. Under the terms of the expanded license agreement, Lilly will obtain an exclusive license for TYVYT for geographies outside of China and plans to pursue registration of TYVYT in the U.S. and other markets. In return, Innovent will receive an upfront payment of $200M and will be eligible for up to $825M in potential development and commercial milestones, as well as tiered double-digit royalties on net sales. Both companies will also retain the right to study TYVYT in combination with other medicines as part of their own clinical programs. The two companies are also studying TYVYT as a potential therapy in non-squamous non-small cell lung cancer, or NSCLC, and several other types of cancer. Earlier this month, the two companies released interim analysis data from ORIENT-11 at the IASLC World Conference on Lung Cancer Virtual Presidential Symposium. ORIENT-11 is a randomized, double-blind, Phase 3 clinical trial evaluating TYVYT or placebo in combination with Alimta and platinum chemotherapy as a first-line treatment for advanced or recurrent non-squamous NSCLC without sensitizing EGFR mutations or ALK rearrangements. Based on the interim analysis conducted by the Independent Data Monitoring Committee, TYVYT in combination with Alimta and platinum chemotherapy demonstrated a statistically significant improvement in progression-free survival compared with placebo in combination with Alimta and platinum chemotherapy, which met the pre-defined efficacy criteria. A supplemental new drug application, or sNDA, for this indication is under regulatory review in China. The companies said they look forward to future submissions with the FDA and other regulatory agencies for this and other indications. This transaction is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction will be reflected in Lilly's reported results and financial guidance according to Generally Accepted Accounting Principles. There will be no change to Lilly's 2020 non-GAAP earnings per share guidance as a result of this transaction.
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ZBRA GE | Hot Stocks06:37 EDT Zebra Technologies CFO Olivier Leonetti to depart, Winters named acting CFO - Zebra Technologies (ZBRA) announced that Nathan Winters has been named acting CFO effective August 28. Olivier Leonetti, the current CFO, will depart effective August 28 to take on a new role outside the company. Winters has been the company's Vice President of Corporate Financial Planning & Analysis and Business Operations since 2018 and will hold the CFO position as Zebra conducts a search for a new CFO. Prior to Zebra, Winters served in financial roles for GE (GE) for more than 16 years where he held multiple CFO positions, most recently serving as CFO of GE Healthcare Global Supply Chain.
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KC | Hot Stocks06:36 EDT Kingsoft Cloud sees Q3 revenue up 67%-74% from last year - For the Q3, the Company expects total revenues to be between RMB1.67B-RMB1.74B, representing a year-over-year growth of 67%-74%. This forecast reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change.
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ATV | Hot Stocks06:35 EDT Acorn International receives proposal to acquire the company for $15.22 per ADS - Acorn International announced that the board of directors of the company has received on August 17, a preliminary non-binding proposal letter from Robert Roche, executive chairman of the company, to acquire all of the outstanding shares of the company not already owned by the buyer vehicle at $15.22 per American depositary share, or ADS, or $0.761 per ordinary share in cash, subject to certain conditions. According to the proposal, it is anticipated that the buyer vehicle or its shareholders will control approximately 75% of the outstanding shares of ordinary shares of the company. Robert Roche will form a transaction vehicle for the purpose of pursuing the proposed transaction. It is currently expected that substantially all of the capital for the proposed acquisition would be borrowed from third parties in the form of debt funding. In that regard, the buyer vehicle has entered into an agreement with a third party lender pursuant to which, subject to certain terms and conditions, such lender will provide such proposed funds. The third party lender will require a timely opportunity to conduct customary legal, financial and accounting due diligence and satisfactory completion of such due diligence is a condition to the lender providing the proposed funds. The special committee of the board will schedule a meeting to consider next steps with respect to the proposal. No decisions have been made with respect to the company's response to the proposed acquisition. There can be no assurance that any definitive offer will be made, that any agreement with respect thereto will be reached or executed, or that this or any other transaction will be approved or consummated.
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AAP | Hot Stocks06:34 EDT Advance Auto Parts seeing 'strong growth' in DIY Omnichannel in Q3 - AAP said, "Through the first five weeks of the third quarter, the company continues to see strong growth in DIY Omnichannel and positive comparable store sales in Professional. While uncertainties remain around the continued impact of COVID-19 during the balance of the year, the company believes it is well positioned to meet the demands of the business."
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AAP | Hot Stocks06:31 EDT Advance Auto Parts reports Q2 SSS up 7.5%
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NHI | Hot Stocks06:19 EDT National Health Investors provides business update on collections, occupancy - National Health Investors provided a business update regarding its monthly contractual rent collections and average occupancy from its three largest senior housing operators. NHI collected 95.3% of contractual rent in August and deferred 4.2% including 2.5% related to a previously disclosed deferral to Bickford. The remaining balance relates to forecasted revenue the company had expected to receive from transitioned properties prior to the start of the pandemic. NHI collected 96.9% of contractual rent in July and 100% in Q2. The following table summarizes the average portfolio occupancy for Bickford, Holiday and SLC for the periods indicated, excluding development properties in operation less than 24 months, notes receivable, and properties transitioned to new operators or disposed. Bickford same-store occupancy excludes properties that have been operated by Bickford for less than 24 months. The information in the table below is based upon information provided to us by our operators.
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ANDA | Hot Stocks06:11 EDT EMMAC Life unit acquires GDP licence for distribution of medicinal products - EMMAC Life Sciences Group, Europe's largest independent cannabis company, is pleased to announce that EMMAC SAGL, the Group's pharmaceutical entity in Switzerland, has secured its Good Distribution Practice licence for the distribution of medicinal products. EMMAC now has the ability to import, distribute and export medicinal products, including medical cannabis, for the domestic Swiss, EU and international markets. On July 22, EMMAC announced the company had signed a non-binding letter of intent related to a business combination with Andina Acquisition Corp. III, pursuant to which EMMAC would become a publicly traded company on the NASDAQ Stock Exchange with EMMAC's shareholders rolling over all of their equity in EMMAC into the combined public company. As consideration for the transaction, it is anticipated that the current EMMAC shareholders would collectively own a majority of the equity of the combined public company.
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AMZN | Hot Stocks06:04 EDT Amazon.com confirms plans to create 3,500 new jobs in six U.S. cities - Amazon announced plans to create 3,500 new tech and corporate jobs across six cities in the United States. The company will expand its Tech Hubs in Dallas, Detroit, Denver, New York (Manhattan), Phoenix, and San Diego. Amazon will invest more than $1.4B in these new offices, which will host teams supporting businesses across the company.
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IMBI | Hot Stocks06:03 EDT iMedia Brands sees Q3, Q4 adjusted EBITDA in 'mid-to-high single digit millions' - iMedia stated, "In Q3 and Q4, we believe the company will post Adjusted EBITDA in the mid-to-high single digit millions. We also continue to believe that the pandemic's effect on the company will be reduced because we have a direct-to-consumer revenue model that serves customers who seek to buy goods from the comfort of their own homes, and we are not dependent on the traditional advertising dollars from national advertisers who are impacted by the continued disruption of the brick and mortar shopping experience."
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HAL | Hot Stocks06:02 EDT Halliburton awarded contract by PTTEP - PTTEP awarded Halliburton a contract to design and implement a series of digital transformation projects as part of PTTEP's Advanced Production Excellence, or APEX, Initiative. APEX will improve operational efficiency and production in four offshore fields: Arthit, Greater Bongkot South, Greater Bongkot North and the Myanmar Zawtika Field. Landmark, a Halliburton business line, will deploy its DecisionSpace Production Suite in the cloud to improve production operations from the subsurface to processing facilities. The DecisionSpace Enterprise Platform will integrate with Honeywell Forge, a powerful analytics software solution providing real-time data and visual intelligence, so PTTEP can implement more productive and efficient work processes.
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GOOG... | Hot Stocks05:59 EDT Google letter on Australian proposal contains 'misinformation,' says ACCC - An open letter from Google (GOOGL) warning that new Australian regulation would damage YouTube and Google Search in the country contains "misinformation," according to the country's competition watchdog. In a statement, the ACCC said: "Google will not be required to charge Australians for the use of its free services such as Google Search and YouTube, unless it chooses to do so. Google will not be required to share any additional user data with Australian news businesses unless it chooses to do so. The draft code will allow Australian news businesses to negotiate for fair payment for their journalists' work that is included on Google services. This will address a significant bargaining power imbalance between Australian news media businesses and Google and Facebook (FB). A healthy news media sector is essential to a well-functioning democracy. We will continue to consult on the draft code with interested parties, including Google." Reference Link
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CTK | Hot Stocks05:54 EDT CooTek names Robert Cui as CFO, effective August 24 - Prior to joining CooTek, Cui worked in the Hong Kong office of Investment Banking Asia Pacific of BNP Paribas from 2014 to 2020 with his last position held as a director.
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