Stockwinners Market Radar for December 08, 2020 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
LPCN | Hot Stocks20:53 EST Lipocine gets 'tentative approval' of Tlando by FDA - The company states: "Lipocine announced that the FDA has granted tentative approval to TLANDO, its oral testosterone product for testosterone replacement therapy in adult males indicated for conditions associated with a deficiency or absence of endogenous testosterone: primary hypogonadism and hypogonadotropic hypogonadism. In granting tentative approval, the FDA has concluded that TLANDO has met all required quality, safety and efficacy standards necessary for approval, but TLANDO has not received final approval and is not eligible for final approval and marketing in the U.S. until the expiration of the exclusivity period previously granted to Clarus Therapeutics, Inc. with respect to Jatenzo(R), which expires on March 27, 2022. Lipocine is currently reviewing FDA's tentative approval of TLANDO and remains committed to taking appropriate actions with the goal of receiving final approval to permit the launch of TLANDO. The FDA has also required Lipocine to conduct certain post-marketing studies to (i) assess patient understanding of key risks relating to TLANDO and (ii) evaluate development of adrenal insufficiency with chronic TLANDO therapy."
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LPCN | Hot Stocks20:52 EST Lipocine says Tlando not given final FDA approval, deletes website info - The company states: "Lipocine announced that an independent contractor posted on Lipocine's website, without authorization from Lipocine, statements suggesting that TLANDO was approved by the FDA. TLANDO has not received final approval from the FDA. Upon learning of the unauthorized posting to its website, Lipocine deleted the incorrect posting."
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LPCN | Hot Stocks20:45 EST Lipocine says Tlando was not approved by FDA, deletes erroneous website info - The company states: "Lipocine announced that an independent contractor posted on Lipocine's website, without authorization from Lipocine, statements suggesting that TLANDO was approved by the FDA. TLANDO has not received final approval from the FDA. Upon learning of the unauthorized posting to its website, Lipocine deleted the incorrect posting."
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GDDY | Hot Stocks20:41 EST GoDaddy director sells 23K shares of common stock - In a regulatory filing, GoDaddy disclosed that its General Counsel Nima Kelly sold 23.0K shares of common stock on December 4th in a total transaction size of $1.96M. The sale represents about 24% of her total shares owned.
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SRNE | Hot Stocks20:11 EST Sorrento Therapeutics gets CLIA licensure from CA for clinical sample testing - Sorrento Therapeutics announced that it has received CLIA Licensure from the State of California that permits testing of clinical samples. The Company intends to initially focus on testing for SARS-CoV-2 infection but expects to expand to include immuno-oncology tests to support its clinical trials.
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FICO | Hot Stocks19:07 EST FICO says DOJ closes investigation, no enforcement action taken - On March 15, 2020, FICO issued a statement in response to an official notification that the U.S. Department of Justice, Antitrust Division, had opened a civil investigation into potential exclusionary conduct by FICO. Earlier today, the Department of Justice informed FICO that it has closed that investigation. As a result, no enforcement action is being taken.
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TCDA | Hot Stocks19:02 EST Tricida falls 10% to $7.30 after updating on Veverimer, revising VALOR-CKD trial - Shares of Tricida are down 10.1% or 82c at $7.30 after the company updated on the development of its veverimer drug and also revised the protocol for VALOR-CKD outcome trial. The company stated: "Tricida announced key updates on veverimer's development program, regulatory status and patent protection. Tricida has revised the protocol for its VALOR-CKD outcome trial. The VALOR-CKD trial evaluates the effect of treating metabolic acidosis with veverimer on the clinical endpoint of slowing of CKD progression. The trial protocol previously had an adaptive design and included an unblinded interim analysis for sample size re-estimation. The revised protocol has a group sequential design, no interim analysis for sample size adjustment, and unblinded interim analyses for early stopping for efficacy after 150 primary endpoint events, anticipated in the second half of 2021, and 250 primary endpoint events, anticipated in mid-2022, have accrued. The interim analyses will be conducted by an independent unblinded Interim Analysis Committee, and the trial will remain blinded unless it is stopped early for efficacy. If this trial is successful, Tricida intends for it to serve as the confirmatory trial for accelerated approval or form the basis for traditional approval of veverimer. As of December 7, 2020, the VALOR-CKD trial has randomized 1,277 of 1,600 subjects with an average treatment duration of approximately one year and has accrued 50 of the 511 required subjects with positively adjudicated primary endpoint events. In response to feedback from the FDA at the End-of-Review Type A Meeting, recruitment has been closed in all regions except for the United States, Canada and Western Europe. Recruitment completion is projected to occur by the end of 2022. Tricida currently has the financial resources to fund our operations into at least mid-2022, prior to modifying any of its material agreements. Cash, cash equivalents and investments as of September 30, 2020 were approximately $376M. Tricida currently has $75M principal amount of debt with Hercules which has a final maturity of April 2023 and has $200M in outstanding principal amount of 3.5% Convertible Senior Notes which mature in May 2027."
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MSFT | Hot Stocks18:49 EST Microsoft says 'Halo: Infinite' to launch in fall 2021 - Microsoft's 343 Industries said in a blog post that upcoming Xbox One, PC, and Series X/S game "Halo: Infinite" will ship in fall 2021. The game, which was originally planned to launch with the Xbox Series X/S in November of this year was delayed in August to an undefined date. Reference Link
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HAIN | Hot Stocks18:48 EST Hain Celestial CEO: We've become a much more focused company - In an interview on CNBC's Mad Money, Mark Schiller said he was brought in to change Hain from a holding company to an operating company. It has shed 17 brands over the past 18 months. Health and wellness is in the core DNA of the company, he said. It is well-positioned to serve health-conscious consumers. The brands the company has chosen to focus on have great growth potential, Schiller noted.
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UNP | Hot Stocks18:42 EST Union Pacific names Craig Richardson chief legal officer - Union Pacific named Craig Richardson executive vice president, chief legal officer and corporate secretary. Richardson is responsible for overseeing all aspects of the company's legal affairs, including commercial transactions and litigation, regulatory matters, labor and employment. Richardson also supervises the railroad's compliance and ethics program, and risk management initiatives, including Union Pacific's police department. He succeeds Rhonda Ferguson, who served as executive vice president, chief legal officer and corporate secretary. Richardson most recently served as vice president of commercial and regulatory law. He's also held the position of associate general counsel.
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O | Hot Stocks18:42 EST Realty Income raises monthly cash dividend to 23.45c per share from 23.4c - Realty Income Corporation announced its Board of Directors has declared an increase in the company's common stock monthly cash dividend to 23.45c per share from 23.4c per share. The dividend is payable on January 15, 2021 to shareholders of record as of January 4, 2021. This is the 109th dividend increase since Realty Income's listing on the NYSE in 1994. The ex-dividend date for January's dividend is December 31, 2020. The new monthly dividend represents an annualized dividend amount of $2.814 per share as compared to the current annualized dividend amount of $2.808 per share.
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QCOM | Hot Stocks18:36 EST Qualcomm director sells 35.1K shares of common stock - In a regulatory filing, Qualcomm disclosed that its General Counsel Donald Rosenberg sold 35.1K shares of common stock on December 8th in a total transaction size of $7.78M. The sale represents about 57% of his total shares owned.
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TTEK | Hot Stocks18:33 EST Tetra Tech CEO sells 50K shares of common stock - In a regulatory filing, Tetra Tech disclosed that its CEO Dan Batrack sold 50K shares of common stock on December 4th in a total transaction size of $6.07M. The sale represents about 20% of his total shares owned.
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GME | Hot Stocks18:31 EST GameStop drops 17% to $14.05 after mixed Q3 results, SSS down 24.6%
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CHWY | Hot Stocks18:27 EST Chewy CEO: We are surprising and delighting customers - In an interview on CNBC's Mad Money, Sumit Singh said, "We've made it part of our mission to be there for our pet parents." Chewy has the most forward and friendly policies in the pet industry, according to Singh. Chewy's growth is based on the value proposition the company brings to the market, Singh said. 2020 has been a tremendous boost to the growth curve the company was already seeing, Singh noted, as several quarters of growth were compressed into this year.
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LPCN | Hot Stocks18:26 EST Lipocine trading halted, news pending
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OMCL | Hot Stocks18:10 EST Omnicell jumps 16.5% to $128 after reported takeover interest from Baxter
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WTI | Hot Stocks18:03 EST W&T Offshore raises Q4 production view to 34,700-36,900 from 31,500-35,000 Boe/d - W&T Offshore provided an operational update regarding fourth quarter 2020 production. The company said that it has recently restored the vast majority of production that was shut-in due to the series of storms in the Gulf of Mexico and has also restored production at the Magnolia field that was offline due to extended downtime at a third-party operated platform downstream from that field. W&T now expects its fourth quarter production to average between 34,700 and 36,900 barrels of oil equivalent per day of which 34% is estimated to be oil, 11% natural gas liquids, and the balance natural gas. Previously the company had estimated its fourth quarter production would average 31,500 to 35,000 Boe/d. Tracy Krohn, W&T's Chairman and CEO commented, "This year has been an extraordinary one, from a worldwide pandemic to a record-breaking number of hurricanes, but through it all our team has remained focused on operational excellence and maximizing our free cash flow generation. The operations team has done an outstanding job restoring production in the fourth quarter faster than anticipated and, as a result, we are increasing our fourth quarter production midpoint from 33,250 Boe/d to 35,800 Boe/d. The timing couldn't have been better with the recent uptick in oil pricing and we are well positioned to end the year on a positive note. We look to carry this momentum into 2021 and we firmly believe that we are well-positioned to deliver strong value creation for our shareholders."
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DASH | Hot Stocks18:02 EST DoorDash to price IPO at $102, above $90-$95 range, CNBC's Leslie Picker tweets
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WLFC | Hot Stocks17:36 EST Willis Lease President Brian Hole sells over $209K in company shares - Willis Lease President Brian Hole sold 5,300 shares of stock at $39.57 per share on December 8 for a total transaction value of $209,726.
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USLM | Hot Stocks17:18 EST United States Lime & Minerals CEO Timothy Byrne sells over $438K in shares - United States Lime & Minerals CEO Timothy Byrne sold 4,000 shares of stock at $109.54 per share December 4 through December 7. The total transaction value of the sale was $438,154.
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CMBM UI | Hot Stocks17:03 EST Cambium Networks reaches settlement in Elevate lawsuit filed by Ubiquiti - Cambium Networks (CMBM) announced that it has reached a settlement of the lawsuit filed by Ubiquiti (UI) in the United States District Court, Northern District of Illinois, against Cambium Networks and certain other named defendants regarding Cambium Networks' development, marketing, licensing and sale of its Elevate software for use on Ubiquiti devices. Under the terms of the settlement, Cambium Networks will pay an undisclosed sum to Ubiquiti, which Cambium Networks has already accrued and reflected in its financial results for the three months ending September 30 as reflected in its quarterly report on Form 10-Q filed with the SEC on November 6 and Cambium Networks has agreed to no longer manufacture, market, sell or distribute Elevate software for use on Ubiquiti devices or issue additional licenses for the use of Elevate software on Ubiquiti devices. Cambium Networks, however, will continue to support Ubiquiti devices that have been Elevated according to its standard support obligations for discontinued products. The parties have agreed that the remaining terms of the settlement agreement shall remain confidential. No party has admitted any wrongdoing or liability in connection with the lawsuit and there has not been any court finding as to the merits of the lawsuit or any of the claims and defenses asserted therein. However, in order to avoid the expense, burden and uncertainty of litigation, the parties have entered into this confidential settlement agreement to resolve the dispute.
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AT | Hot Stocks17:00 EST Atlantic Power announces one-year extension of its Calstock PPA - Atlantic Power announced a one-year extension of its Calstock Power Purchase Agreement and a final settlement of the insurance claim for its Cadillac plant. Calstock is an approximately 35 megawatt biomass plant located in Hearst, Ontario. The offtaker under the PPA is the Ontario Electricity Financial Corporation. The PPA was originally scheduled to expire in June 2020 but prior to that date was extended to December 2020 on existing terms. The second extension, which is also on existing terms, runs to December 16, 2021. The extension provides the provincial government additional time to consider future options for addressing mill waste in the province, including a potential new PPA for Calstock. The extension could be terminated early by mutual agreement if the Company is successful in securing a new contract. The PPA extension, which is effective December 17, 2020, does not result in a change to the company's 2020 Project Adjusted EBITDA guidance of $175M-$190M. Separately, earlier this month, the company executed a final settlement of its insurance claim for the Cadillac plant, under which it will receive final payments from the insurers totaling approximately $10.1M. The outcome was consistent with the company's expectation. The cash is expected to be received by year-end 2020, which would allow the company to record business interruption insurance recoveries to income in the fourth quarter of 2020.
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BKD | Hot Stocks16:56 EST Brookdale Senior Living reports 89% of communities open for move-ins - Brookdale Senior Living reported its consolidated occupancy for November. The company said, "With a significant number of states seeing a resurgence in COVID-19 cases, 89% of the Company's communities were open for move-ins on November 30, 2020, reflecting the Company's strong infection control protocols and use of testing. We expect to continue to publish monthly occupancy until we return to providing financial guidance, at which point we would expect to return to our historical reporting practices."
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UNVR | Hot Stocks16:46 EST Univar expands distribution agreement with Solvay Novecare - Univar Solutions announced an expanded distribution agreement with Solvay Group's Novecare Coatings and Industrial Process Solutions business units to distribute their coatings products in the United States and industrial products in the United States and Canada. As the only national distributor for Solvay in the coatings and industrial businesses, Univar Solutions will leverage its reach, technical expertise and knowledge in these markets to broaden the availability of Solvay products across the United States and Canada. Novecare Coatings chemistries are used in everything from paints and adhesives to inks and waterborne and architectural coatings. Applications for the industrial product lines include lubricants and metalworking, metal cleaning and finishing, automotive, and chemical manufacturing.
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TJX | Hot Stocks16:38 EST TJX raises quarterly dividend 13% to 26c per share - The TJX Companies, Inc. announced the declaration of a quarterly dividend on its common stock of 26c per share payable March 4, 2021, to shareholders of record on February 11, 2021. This represents a 13% increase in the per share dividend compared to the Company's previous dividend paid in March 2020.
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SANW | Hot Stocks16:36 EST S&W provides update on proprietary seed trait technology products - S&W Seed "Over the past few years, S&W has made significant progress toward its evolution into a completely integrated agricultural seed company. Key to that transformation has been the development, and now the commercial launch, of proprietary seed trait technology products," commented Mark Wong, CEO of S&W Seed Company. "The commercialization of these products is anticipated to transform the operating profile of S&W into a high growth, high margin business, with more than 50% of our gross profit contribution within the next decade expected to come from these new tech products. With a highly accomplished management team that has successfully developed, marketed, licensed, and sold similar trait technologies over the years, I am highly optimistic that S&W is entering a new era." Management has conducted substantial market research to assess the combined potential opportunity for the Company's three lead trait technology products and its core non-tech business. FY 2024 total revenue of $130Mn with $13Mof adjusted EBITDA. $12M of FY 2024 total revenue expected to come from technology products, encompassing seed, trait and license revenue. FY 2026 total revenue of $176M with $34M of adjusted EBITDA. $35M of FY 2026 total revenue expected to come from technology products, encompassing seed, trait and license revenue. FY 2031 total revenue of $234 million with $69 million of adjusted EBITDA. $70 million of FY 2031 total revenue expected to come from technology products, encompassing seed, trait and license revenue. More than 50% of the Company's gross profit contribution within next decade is expected to come from new trait technology products. Revenue, excluding new trait technology products, is anticipated to grow at 18.4% CAGR through FY 2024, 15.4% CAGR through FY 2026, and 9.6% CAGR
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ALBO | Hot Stocks16:36 EST Albireo Pharma submits odevixibat NDA to FDA, MAA to EMA - Albireo Pharma announced it has submitted a New Drug Application to the U.S. Food and Drug Administration and a Marketing Authorization Application to the European Medicines Agency seeking approval of odevixibat for the treatment of patients with progressive familial intrahepatic cholestasis. Odevixibat is a potent, once-daily, non-systemic ileal bile acid transport inhibitor being developed to treat rare pediatric cholestatic liver diseases, including PFIC, biliary atresia and Alagille syndrome. The EMA has validated the odevixibat MAA on the accelerated assessment timeline, which begins the formal review process. With FDA and EMA regulatory submissions complete, odevixibat has the potential to become the first approved drug treatment for patients with PFIC in the U.S and Europe. Odevixibat has previously received Fast Track, Rare Pediatric Disease and Orphan Drug Designations in the U.S. In addition to PFIC, odevixibat has Orphan Drug Designations for the treatment of Alagille Syndrome, biliary atresia and primary biliary cholangitis. The EMA has granted odevixibat accelerated assessment, Orphan Designation, as well as access to the PRIority MEdicines scheme for the treatment of PFIC. The EMA's Pediatric Committee has agreed to Albireo's odevixibat Pediatric Investigation Plans for PFIC and biliary atresia. With U.S. and EU regulatory submissions for odevixibat in PFIC completed, the Company anticipates potential regulatory approvals, issuance of a rare pediatric disease priority review voucher and launch in the second half of 2021.
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UPS DD | Hot Stocks16:36 EST UPS names Darrell Ford as Chief Human Resources - UPS (UPS) announced the appointment of DuPont (DD) Chief Human Resources Officer Darrell Ford to the position of UPS Chief Human Resources Officer. Charlene Thomas, UPS's current Chief Human Resources Officer, will assume the role of Chief Diversity, Equity and Inclusion Officer, a new position on the company's Executive Leadership Team. Both appointments are effective January 1, 2021. Most recently, Ford led DuPont's H.R. functions and activities, and was integral in helping shape the company's culture, with a focus on talent to increase customer and shareholder value. He achieved similar results in previous leadership roles with Xerox, Advanced Micro Devices, Shell and Honeywell during his 30-year career. Thomas began her UPS career in 1989 and has progressed through various leadership roles at the company. In addition to her extensive operations knowledge, she has experience in global marketing and training and development. In her current role as CHRO, Charlene led the transformation of UPS's global H.R. team, developing a new strategy for talent and performance management, leadership and culture for UPS's 528,000 employees.
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RF | Hot Stocks16:35 EST Regions Financial announces COO John Owen to retire in 2021 - Regions Financial announced COO John Owen will retire effective March 15, 2021, following a nearly 38-year career in business and banking, the last 13 of which have been at Regions. Owen joined the company in 2007 as head of operations and technology. In 2009, he was named head of Regions' consumer services group. He later served two years as head of business lines, which included the business services, consumer services, consumer lending and wealth management groups. Following his retirement from Regions, Owen's enterprise operations, information technology and data and analytics responsibilities will be led by Regions' chief operations and technology officer, Amala Duggirala. Duggirala will begin reporting directly to John Turner. Kate Danella, currently Regions' head of strategic planning and consumer bank products and origination partnerships, will fill the newly created role of chief strategy and client experience officer. Danella will lead the bank's strategic planning, digital banking, customer experience, corporate communications, corporate marketing and community affairs divisions. Danella will continue to report to Turner. Additionally, Dave Keenan, regions' CHRO, will become chief administrative and human resources officer and will lead business groups including human resources, diversity and inclusion, learning and development, talent acquisition and corporate real estate and procurement. Keenan will continue reporting to Turner.
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SDC | Hot Stocks16:32 EST SmileDirectClub granted new patent for SmileShop retail concept - SmileDirectClub announced it has secured a second patent from the United States Patent & Trademark Office for its SmileShop retail concept and digital methodology for the delivery of clear aligner treatment to consumers. The patent, U.S. Patent No. 10,861,599, further strengthens protection for SmileDirectClub's groundbreaking method for bringing affordable, accessible oral care to more people through its telehealth platform. The patent further ensures no clear aligner competitor will be able to duplicate SmileDirectClub's unique model for 18 years.
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GTT | Hot Stocks16:32 EST GTT Communications CFO Steven Berns steps down - GTT Communications announced that CFO Steven Berns has stepped down from his role as CFO. The company has appointed Donna Granato, previously Senior Vice President of Finance, as interim CFO. Mr. Berns has agreed to remain available as a resource for the company through January 31, 2021.
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PFE | Hot Stocks16:31 EST FDA accepts BLA for Pfizer's pneumococcal conjugate vaccine for priority review - Pfizer announced that the U.S. Food and Drug Administration accepted for priority review a Biologics License Application for its 20-valent pneumococcal conjugate vaccine candidate, as submitted for the prevention of invasive disease and pneumonia caused by Streptococcus pneumoniae serotypes in the vaccine in adults ages 18 years and older. The Prescription Drug User Fee Act goal date for a decision by the FDA on the 20vPnC application is in June 2021. "The FDA's acceptance of our application for 20vPnC is yet another significant milestone in Pfizer's continuing efforts to help protect adults against pneumococcal disease," said Kathrin U. Jansen, Ph.D., Senior Vice President and Head of Vaccine Research and Development, Pfizer. "If approved, 20vPnC will cover more serotypes responsible for the majority of pneumococcal disease than any other pneumococcal conjugate vaccine currently licensed or currently in late-stage clinical development. Importantly, 20vPnC has shown to induce immune memory, which provides protection and efficacy against non-bacteremic pneumonia, particularly in older adults."
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PNR | Hot Stocks16:31 EST Pentair raises quarterly dividend 5%, authorizes new $750M share repurchase plan - Pentair announced that it will pay a regular quarterly cash dividend of 20c per share on February 5, 2021 to shareholders of record at the close of business on January 22, 2021. This dividend reflects a 5% increase in the company's regular cash dividend rate from 19c per share. 2021 will mark the 45th consecutive year that Pentair has increased its dividend. In addition, the company announced today that its Board of Directors has authorized a new share repurchase program for the company to repurchase up to $750M of Pentair shares. The new authorization allows Pentair to commence share repurchases effective immediately and expires on December 31, 2025. Pentair intends to repurchase outstanding shares from time to time in the open market using cash flow generated from its operations. This new program supplements the prior authorization that expires May 31, 2021 and under which $100M remained available as of December 7, 2020.
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FEYE | Hot Stocks16:31 EST FireEye falls 8% to $14.26 per share after disclosing cyber attack in 8-K filing
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FEYE | Hot Stocks16:30 EST FireEye discloses attack by 'sophisticated cyber threat actor' - In a regulatory filing, the company states: "On December 8, 2020, FireEye, Inc. is announcing on our corporate blog that FireEye recently was attacked by a highly sophisticated cyber threat actor, one whose discipline, operational security, and techniques lead us to believe it was a state-sponsored attack. Based on his 25 years in cyber security and responding to incidents, Kevin Mandia, our Chief Executive Officer, concluded we are witnessing an attack by a nation with top-tier offensive capabilities. This attack is different from the tens of thousands of incidents we have responded to throughout the years. The attackers tailored their world-class capabilities specifically to target and attack FireEye. They are highly trained in operational security and executed with discipline and focus. They operated clandestinely, using methods that counter security tools and forensic examination. They used a novel combination of techniques not witnessed by us or our partners in the past. We are actively investigating in coordination with the Federal Bureau of Investigation and other key partners, including Microsoft. Their initial analysis supports our conclusion that this was the work of a highly sophisticated state-sponsored attacker utilizing novel techniques. During our investigation to date, we have found that the attacker targeted and accessed certain Red Team assessment tools that we use to test our customers' security. These tools mimic the behavior of many cyber threat actors and enable FireEye to provide essential diagnostic security services to our customers. None of the tools contain zero-day exploits. Consistent with our goal to protect the community, we are proactively releasing methods and means to detect the use of our stolen Red Team tools. We are not sure if the attacker intends to use our Red Team tools or to publicly disclose them. Nevertheless, out of an abundance of caution, we have developed more than 300 countermeasures for our customers, and the community at large, to use in order to minimize the potential impact of the theft of these tools. We have seen no evidence to date that any attacker has used the stolen Red Team tools. We, as well as others in the security community, will continue to monitor for any such activity. At this time, we want to ensure that the entire security community is both aware and protected against the attempted use of these Red Team tools. Consistent with a nation-state cyber-espionage effort, the attacker primarily sought information related to certain government customers. While the attacker was able to access some of our internal systems, at this point in our investigation, we have seen no evidence that the attacker exfiltrated data from our primary systems that store customer information from our incident response or consulting engagements or the metadata collected by our products in our dynamic threat intelligence systems. If we discover that customer information was taken, we will contact them directly."
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VMW | Hot Stocks16:27 EST VMware COO Rajiv Ramaswami resigns to pursue external opportunity - In a regulatory filing, the company states: "Rajiv Ramaswami resigned his position as VMware, Inc.'s chief operating officer, products and cloud services effective December 7, 2020 in order to pursue an external opportunity. Raghu Raghuram, VMware's chief operating officer, products and cloud services, has taken over Mr. Ramaswami's former responsibilities."
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ASMB | Hot Stocks16:25 EST Assembly Biosciences to wind-down microbiome program - Assembly Biosciences announced that it will wind-down its microbiome program, enabling the company to prioritize resources and focus on the advancement of its pipeline of novel core inhibitors for chronic HBV. While Assembly Bio will continue its ongoing review of potential strategic options for the microbiome program in the interim, absent an alternative, it expects to wind-down the microbiome program on or around January 31, 2021. This decision is not based on any efficacy, safety, or other data related to Assembly Bio's microbiome programs. Assembly Bio expects to be well resourced with the personnel and capital to advance its portfolio of HBV candidates, including multiple clinical development programs focused on novel core inhibitor therapies and preclinical programs exploring additional complimentary HBV targets. As of September 30, the company had cash, cash equivalents and marketable securities totaling approximately $238M. This cash position is projected to fund planned operations into the second half of 2022.
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AMAT | Hot Stocks16:24 EST Applied Materials appoints Rani Borkar to its Board of Directors - Applied Materials announced Rani Borkar will join its Board of Directors effective Dec. 14. Ms. Borkar brings decades of expertise in semiconductor design and computing systems development to Applied and will serve on the Board's Strategy and Investment Committee."Rani is a well-respected technology leader and product visionary, and we look forward to her contributions as we drive growth and build long-term shareholder value for Applied Materials," said Tom Iannotti, Chairman of the Board of Applied Materials. "Her experience in chip design and cloud computing provide valuable insights as Applied looks to expand its ecosystem engagements from materials to systems." Ms. Borkar is currently Corporate Vice President, Azure Hardware Systems and Infrastructure at Microsoft Corporation. In this role she leads the core organizations building Microsoft's leading cloud computing platform, including silicon, systems and supply chain. Ms. Borkar has extensive experience in cutting-edge semiconductor design having served in engineering and executive roles at IBM Corporation and Intel Corporation. At Intel, where she spent 27 years of her career, Ms. Borkar was most recently Corporate Vice President and General Manager of the Product Development Group, overseeing all processor and System-on-a-Chip (SoC) development for PC clients, servers, phones and tablets.
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POWL | Hot Stocks16:24 EST Powell CEO says 'positioning for a softer commercial environment' in 2021 - CEO Brett Cope added, "Looking ahead, we will continue to prioritize the health and safety of our employees and customers. Visibility into our core industrial end-markets remains challenged by the impact of the pandemic and we are positioning for a softer commercial environment as we move into fiscal 2021. We are focused on continuing to drive operational excellence and being diligent on our cost structure. Finally, the strength of our balance sheet enables us to navigate through periods of lower economic activity, while also positioning us well to capitalize on future opportunities." Commenting on the company's outlook, Michael Metcalf, Powell's CFO said, "As we look forward to fiscal 2021, we maintain our expectation of a more challenged industrial environment, particularly across our core Oil, Gas and Petrochemical end-markets. However, we are seeing strong activity in our Utility and Traction markets that are helping to utilize and leverage our asset base. Additionally, we are entering fiscal 2021 with $477 million of backlog, roughly 60% of which we expect to convert to revenue throughout this upcoming fiscal year. We will continue to focus on cost containment and effective working capital management as we position ourselves for the eventual return of higher customer order activity."
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TTCF | Hot Stocks16:22 EST Tattooed Chef expands product range with meal alternatives - Tattooed Chef announced it has expanded its product range with meat alternatives, offering an approach on plant protein with the taste and texture of real meat. Tattooed Chef's plant-based pepperoni and plant-based sausage crumbles are currently featured in two new items and available in the club channel nationwide. Tattooed Chef's plant-based pepperoni and plant-based sausage crumbles are gluten-free and made with real food ingredients. The company expects to launch three additional items featuring meat alternatives in the club channel in 2021.
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PHR | Hot Stocks16:22 EST Phreesia CFO Altier to retire in April 2021, Rasmussen named next CFO - Phreesia announced that Tom Altier, its Chief Financial Officer, will retire in April 2021. Randy Rasmussen, the company's Chief Accounting Officer, will succeed Altier as CFO, effective May 1, 2021. Altier, who joined Phreesia in 2012, will continue in his current role through the end of April 2021 and the filing of Phreesia's Annual Report on Form 10-K, and thereafter will continue to support the company in an advisory role. "Tom's leadership has played a critical role in the success of our finance organization and of Phreesia as a whole, including during our transition to a public company," said Phreesia CEO Chaim Indig. "We deeply appreciate the work he has done to help further our mission and the indelible impact he has left on our team. Randy is bringing tremendous value to Phreesia and we're so pleased that he will be our new CFO."
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CHWY | Hot Stocks16:22 EST Chewy reports Q3 active customers up 39.8% at 17,788 - Reports Q3 net sales per active customer up 0.8% at $363.
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RPAI | Hot Stocks16:22 EST Retail Properties of America raises quarterly dividend to 6c from 5c per share - The dividend of 6c per common share will be paid on January 8, 2021, to Class A common stockholders of record on December 23, 2020.
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MAA | Hot Stocks16:21 EST MAA raises quarterly dividend 2.5% to $1.025 per share - MAA announced that its board of directors approved a quarterly dividend payment of $1.025 per share of common stock to be paid on January 29, 2021 to shareholders of record on January 15, 2021, representing a 2.5% increase over the prior rate. The increase will raise the annualized dividend payout to $4.10 per share of common stock, an increase of 10c per share from the prior dividend level. This is MAA's eleventh consecutive annual increase of its common dividend.
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SALT | Hot Stocks16:20 EST Scorpio Bulkers to sell Ultramax bulk carrier SBI Tethys for $18.25M - Scorpio Bulker announced that the company has entered into an agreement with an unaffiliated third party to sell the SBI Tethys, an Ultramax bulk carrier built in 2016, for approximately $18.25M. Delivery of the vessel is expected to take place in the first quarter of 2021.
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ERIE | Hot Stocks16:20 EST Erie Indemnity approves management fee rate, raises dividend - At its regular meeting held Dec. 8, 2020, the Board of Directors of Erie Indemnity Company set the management fee rate charged to Erie Insurance Exchange, approved an increase in shareholder dividends and declared the quarterly dividend and a special cash dividend. Erie Indemnity Company has paid regular shareholder dividends since 1933. The Board agreed to maintain the current management fee rate paid to Erie Indemnity Company by Erie Insurance Exchange at 25%, effective Jan. 1, 2021. The management fee rate was 25% for the period Jan. 1 through Dec. 31, 2020. The Board has the authority under the agreement with the subscribers at Erie Insurance Exchange to set the management fee rate at its discretion; however, the maximum fee rate permissible by the agreement is 25%. This action was taken based on the Board's consideration and review of the relative financial positions of Erie Insurance Exchange and Erie Indemnity Company. The Board also agreed to increase the regular quarterly cash dividend from 96.5c to $1.035 on each Class A share and from $144.75 to $155.25 on each Class B share. This represents a 7.3% increase in the payout per share over the current dividend rate. The next regular quarterly dividend is payable Jan. 20, 2021, to shareholders of record as of Jan. 5, 2021, with a dividend ex-date of Jan. 4, 2021. The Board also declared a special one-time cash dividend of $2.00 on each Class A share and $300.00 on each Class B share. This special cash dividend is payable Dec. 29, 2020, to shareholders of record as of Dec. 21, 2020, with a dividend ex-date of Dec. 18, 2020.
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MA | Hot Stocks16:18 EST MasterCard announces new $6B share buyback program - MasterCard board approved a new share repurchase program, authorizing the company to repurchase up to $6B of its Class A common stock. The new share repurchase program will become effective at the completion of the company's previously announced $8B program. The company has approximately $3.8B remaining under the current program authorization.
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PRPH | Hot Stocks16:18 EST ProPhase Labs expands COVID testing capacity with location in Garden City ,NY - ProPhase Labs announced that it has continued its CLIA Lab rollout with the execution of a lease for a 25,000 square foot facility in Garden City, New York. This new lab, like the Company's first lab in Old Bridge, New Jersey, will provide a wide range of laboratory testing services for diagnosis, screening and evaluation of diseases, including COVID-19 and Respiratory Pathogen PanelMolecular tests. The Company reported that the equipment needed to outfit the Garden City lab has already been ordered and the Company is in the process of recruiting and hiring the necessary technical staff to operate the new lab. When fully ramped up, the new facility could bring as many as 100 new jobs to Garden City, New York. Ted Karkus, CEO of ProPhase Labs, stated: "We expect to be able to start processing COVID-19 tests in our new lab by mid-January and are seeking to build capacity to process up to 50,000 COVID-19 tests per day by the end of Q1 2021. We are also ahead of schedule with the development of our first CLIA lab in New Jersey. Our original goal was to have capacity there to process 8,000 to 10,000 tests per day in Q1 2021. We will achieve this goal well before year-end. Future goals include diversification into other areas of high margin diagnostic molecular testing."
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IMXI | Hot Stocks16:17 EST International Money Express appoints Ernesto Luciano general counsel, CCO - International Money Express announced the appointment of Ernesto Luciano as the company's new general counsel and chief compliance officer, or CCO. Ernesto will be assuming the administrative and compliance responsibilities from Jose Perez-Villarreal, the company's current chief administrative and compliance officer who will be retiring later this month. With 20 years of legal experience, Luciano comes to Intermex from Kaplan Higher Education, where he was the VP and associate general counsel, which he held since 2016.
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MA | Hot Stocks16:17 EST MasterCard raises quarterly dividend to 44c from 40c pe share - The cash dividend will be paid on February 9, 2021 to holders of record of its Class A common stock and Class B common stock as of January 8, 2021.
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PDLI | Hot Stocks16:16 EST PDL BioPharma announces timeline for voluntarily delisting from Nasdaq - PDL BioPharma announced that it has formally notified The Nasdaq Stock Market, Inc. of its intent to delist the company's common stock from the Nasdaq Global Select Market. PDL expects to file a Form 25 with the SEC and Nasdaq relating to the voluntary delisting of its common stock on or about December 28, 2020 and to suspend trading of its common stock on the Nasdaq Global Select Market prior to the opening of trading on December 31, 2020. PDL does not expect that a trading market will develop for its common stock following suspension of trading on Nasdaq. PDL intends to file a certificate of dissolution with the Delaware Secretary of State on or about January 4, 2021 and close its stock transfer books at the close of business on this date. The official delisting of PDL's common stock will be effective on or about January 7, 2021 - 10 days after the filing of the Form 25. PDL also intends to file a Form 15 with the SEC as soon as practicable following the effectiveness of the delisting to indefinitely suspend its reporting obligations under the Securities Exchange Act of 1934, as amended. The suspension of PDL's reporting obligations, including the obligation to file Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, will be effective upon filing the Form 15. PDL does however intend to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 in March 2021. The voluntary delisting and deregistration are part of PDL's previously announced voluntary Plan of Dissolution that was approved by the Board of Directors in February 2020 and at the Annual Meeting of the Company's stockholders on August 19, 2020. The company's Board of Directors considered a number of factors in determining to delist and deregister PDL's common stock, including the costs and expenses associated with being a publicly traded company, the auditing, legal and other costs associated with continuing to make SEC filings, and the burdens placed on company management to comply with the continued listing and reporting requirements, all in light of the company's planned dissolution and liquidation.
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PHR | Hot Stocks16:15 EST Phreesia says more COVID-19 restrictions could impact patient visits - "Given the unknown timeline and the near-term uncertainty of COVID-19 on our business, there continues to be uncertainty as to the extent to which the global COVID-19 pandemic may adversely impact our business operations, financial performance, and results of operations at this time," the company said. "Further, due to recent surges of COVID-19 cases in many states, or a second wave, we may see quarantines and additional restrictions being put in place again, which could impact patient visits across our provider clients similar to the trends during the earlier periods of the pandemic."
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UBER | Hot Stocks16:14 EST Uber to invest a further $75M in Joby Aviation - Joby Aviation, a transportation company developing an all-electric, vertical take-off and landing passenger aircraft, which it intends to operate as early as 2023, announced that Uber Technologies has agreed to invest a further $75M in Joby as part of a broader transaction involving the acquisition of Uber Elevate by Joby and an expanded partnership between the two parent companies. This investment comes in addition to a previously undisclosed $50M investment made as part of Joby's Series C financing round in January 2020. Under the terms of this week's deal, Joby Aviation will acquire Uber Elevate, while the two parent companies have agreed to integrate their respective services into each other's apps, enabling seamless integration between ground and air travel for future customers. Uber's new $75M investment brings its all-time total investment in Joby to $125M and Joby Aviation's total funding, including previous rounds, to $820M.
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CHWY | Hot Stocks16:14 EST Chewy says 'private label was strong contributor' in Q3 - The company states: "Private label was a strong contributor in the quarter, as private label hardgood penetration reached 16%. Our seasonal businesses, such as Halloween, were also strong, improving private label merchandise mix by 20 points, to 70%, showcasing the quality and appeal of our newly launched proprietary assortment. This helped grow total third-quarter hardgoods sales, which includes both thirdparty and private label hardgoods, by more than 70% compared to last year."
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CUBE | Hot Stocks16:13 EST CubeSmart raises annualized dividend rate to $1.36 per share - CubeSmart announced that its Board of Trustees declared a quarterly dividend of 34c per common share for the period ending December 31. The dividend is payable on January 15 to common shareholders of record on January 4. The quarterly distribution represents an annualized dividend rate of $1.36 per share, an increase of 4c per share from the previous annual rate of $1.32 per share. "We are pleased to announce an increase to our quarterly dividend for the 11th consecutive year as our platform showcased its ability to consistently generate strong cash flows in a year of unprecedented uncertainty," commented Christopher P. Marr, President and Chief Executive Officer.
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AVAV | Hot Stocks16:12 EST AeroVironment acquires Telerob for roughly $45.4M in cash - AeroVironment announced the acquisition of Telerob, a German robotics company, for approximately $45.4 million in cash plus a three-year, milestone-based earn-out of up to $7.3 million and the payoff of $9.4 million in debt at closing. The company expects the acquisition to be accretive to non-GAAP EPS in fiscal 2022. Upon closing, Telerob will operate as a wholly-owned subsidiary of AeroVironment. The acquisition remains subject to German government clearance and is expected to close by Spring 2021. "Acquiring Telerob, a leader in ground robotic solutions, gives us the opportunity to offer a broader portfolio of highly complementary robotic solutions to a larger set of global customers. We have already submitted a joint proposal for a multi-year United States Air Force robotics program and have also identified multiple U.S. and international opportunities that we plan to pursue in the future. This acquisition supports our goal of transforming AeroVironment into a global leader in intelligent, multi-domain robotic solutions for defense and commercial customers. Telerob's ground robotics solutions and global footprint will enhance our offering and customer base, levering our strong financial foundation and positioning us to continue creating long-term shareholder value," Mr. Nawabi added.
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MDB | Hot Stocks16:11 EST MongoDB reports over 22,600 customers as of October 31
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GME | Hot Stocks16:11 EST GameStop expects positive comparable store sales results in Q4 - The company said, "The Company continues to focus on efforts that position it to manage through this unprecedented time, including maintaining its balance sheet strength, prioritizing the allocation of resources to areas of the business that produce strong cash flow, reducing expenses across the business, developing and expanding its digital strategy, and intensifying inventory discipline. Due to the uncertainty around the duration and evolving impact of COVID-19, the Company is continuing to suspend guidance, however it expects to realize positive comparable store sales results and profitability in the fiscal fourth quarter. For fiscal November 2020, comparable store sales increased 16.5% and total net sales were $791.1 million compared to $747.6 million in fiscal November 2019."
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MDB | Hot Stocks16:11 EST MongoDB reports Q3 subscription revenue $144.1M, up 39% y/y - Q3 services revenue was $6.7M, an increase of 19% year-over-year.
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RUSHA RUSHB | Hot Stocks16:10 EST Rush Enterprises announces new $100M share repurchase program - Rush Enterprises announced that its Board of Directors approved a new stock repurchase program authorizing the Company to repurchase, from time to time, up to an aggregate of $100Mn of its shares of Class A common stock, $.01 par value per share, and/or Class B common stock, $.01 par value per share. The Company also announced a $500 holiday appreciation gift to employees to be paid on December 15. "I am pleased to announce the approval of a new $100 million stock repurchase program, said W.M. "Rusty" Rush, Chairman, Chief Executive Officer and President of the Company. "While the ongoing COVID-19 pandemic has negatively impacted our business and caused many uncertainties in our industry and the global economy, we believe that our financial performance through the third quarter has demonstrated that we are able to generate cash in a difficult economic environment and in all cycles of the truck market, and that our strategy is working," Rush stated. "As we look forward to 2021, our first priority in allocating capital will continue to be investing in our strategy to grow our market share in both heavy- and medium-duty commercial vehicle sales and aftermarket parts and service sales. We remain confident that we can continue to invest in our growth strategy while also continuing to return capital to shareholders, even in this challenging business environment, as evidenced by our most recent quarterly dividend payment, which, in connection with the recent stock split, increased the dividend to our shareholders by 50% from the prior quarterly dividend," Rush added. This new stock repurchase program replaces the Company's prior $100 million stock repurchase program. As of December 2, 2020, the Company had repurchased $23.5 million worth of shares of its common stock under the prior stock repurchase program, which was scheduled to expire on December 31, 2020, and was terminated effective December 3, 2020.
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CNS | Hot Stocks16:10 EST Cohen & Steers reports preliminary AUM $76.7B as of November 30 - An increase of $5.5B from assets under management at October 31.
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MDB | Hot Stocks16:09 EST MongoDB CEO says Q3 revenue growth 'well ahead of our expectations' - "MongoDB continued to perform at a high level in the third quarter, highlighted by revenue growth that was well ahead of our expectations. The strength of our product platform and go-to-market execution has established MongoDB as a key strategic partner for any organization looking to innovate quickly to seize new opportunities or to respond to new threats," said Dev Ittycheria, President and CEO of MongoDB.
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ACM | Hot Stocks16:08 EST Aecom announces board changes in partnership with Starboard Value - AECOM announced changes to its board of directors. Such changes include: The nominations of Diane C. Creel and Sander van't Noordende as new independent directors for election to its Board of Directors at the Company's 2021 Annual Meeting of Stockholders, which is anticipated to occur on February 24, 2021. Ms. Creel and Mr. van't Noordende will begin onboarding immediately and will formally join the board at the 2021 Annual Meeting. Lydia H. Kennard, whose appointment was previously announced, will join the Board effective December 14, 2020. Dr. Robert J. Routs will retire from the Board and not stand for re-election at the 2021 Annual Meeting. As previously disclosed, Steven Kandarian will not stand for re-election at the 2021 Annual Meeting. AECOM has agreed to re-nominate for election at the 2021 Annual Meeting all other current board members including the three directors previously appointed pursuant to the 2019 agreement with Starboard Value. With these changes, seven of the eleven AECOM Board members will have been appointed within the past year.
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HTGM | Hot Stocks16:07 EST HTG Molecular announces Early Access Program for transcriptome panel - HTG Molecular Diagnostics announced that it has launched an Early Access Program for its whole transcriptome panel using the HTG EdgeSeq technology.The Early Access Program is intended to allow select customers access to the panel in their laboratories or through services to be performed in our development laboratory prior to commercial launch of this product. HTG announced the completion of proof of concept for a prototype whole transcriptome panel and demonstrated technical feasibility in November 2020. The panel is expected to allow for analysis of the entire known human transcriptome while retaining the advantages of HTG's smaller targeted panels, including the ability to run small sample sizes without requiring RNA isolation and purification and the ability to successfully process low-quality samples. "The Early Access Program is intended to allow HTG to collaborate with key opinion leaders in academia and pharmaceutical companies to evaluate our prototype whole transcriptome panel and associated simplified workflow in a real-world setting, providing a more thorough assessment of different user experiences," said Byron Lawson, Chief Commercial Officer. "Comparison of collaborator experiences across many of the most prevalent oncology and immune indications is expected to provide us with valuable insight into the capabilities of this panel and help guide our next development steps as we progress towards commercial launch in mid-2021."
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MAT | Hot Stocks16:07 EST Mattel names Jonathan Anschell chief legal officer - Mattel announced the appointment of Jonathan Anschell as Executive Vice President, Chief Legal Officer, and Secretary, effective Jan. 1, 2021. Anschell will report to Ynon Kreiz, Mattel's Chairman and Chief Executive Officer. He will succeed Robert Normile, who will continue in his current role through Dec. 31, 2020, and then remain with Mattel as an executive advisor through a date in April to be determined by the company to ensure a smooth transition. "Jonathan is a highly accomplished legal executive, with a strong commercial background and deep expertise in managing global, consumer-facing brands," said Kreiz. "His leadership skills and strong transactional experience at the highest levels of the media and entertainment industry will further strengthen our capabilities as we transform Mattel into an IP-driven, high-performing toy company. I look forward to Jonathan joining the executive leadership team as we build on the momentum already well underway at Mattel and create value for our shareholders."
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FCPT | Hot Stocks16:06 EST Four Corners Property Trust acquires 13 KFC properties for $21.7M - Four Corners Property Trust announces the acquisition of a portfolio of 13 KFC properties for $21.7M. The portfolio is located in Alabama and occupied under two, identical, triple-net master leases to one of the largest franchisees in the country with approximately 14 years of term remaining and annual rent increases of 2%. The transaction was priced at a cap rate in range with previous FCPT transactions.
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FBHS | Hot Stocks16:06 EST Fortune Brands raises quarterly dividend 8% to 26c per share - Fortune Brands Home & Security announced that its Board of Directors declared a quarterly cash dividend of 26c per common share. The dividend is payable on March 17, 2021, to stockholders of record as of the close of business on February 26, 2021. The 8% increase in the quarterly dividend, from 24c to 26c, represents the Board's continued confidence in the company's long-term cash flow potential and its support of the company's broader strategy for utilizing free cash flow to build shareholder value by investing in Fortune Brands' businesses, pursuing accretive acquisitions and returning cash to shareholders.
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ILMN | Hot Stocks16:06 EST Illumina and Harvard Pilgrim Health expand access to whole-genome sequencing - The company states: "llumina and Harvard Pilgrim Health Care announce a risk-sharing agreement to make whole-genome sequencing available to certain Harvard Pilgrim members, effective January 1, 2021. The program will leverage WGS to support faster diagnoses of genetic diseases in children, potentially eliminating the long, costly diagnostic odyssey experienced by many families, with the goal of improving patient outcomes. Diagnosing genetic diseases often takes many years and diagnostic testing costs can exceed $10-20,000 for some patients. Through this agreement, Harvard Pilgrim and Illumina will work together to evaluate how insurance coverage of WGS impacts patient care and healthcare costs. To date, there are more than 20 peer-reviewed publications demonstrating the clinical utility of WGS in over 3,000 patients with suspected genetic diseases. Health economic models predict that implementing WGS earlier in the diagnostic workup is likely to be cost-neutral or even save payers money."
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BRP | Hot Stocks16:06 EST BRP Group to acquire Burnham Benefits Insurance Services - BRP Group announced that Baldwin Krystyn Sherman Partners, or BKS-Partners, the middle-market indirect subsidiary of BRP Group, has entered into an agreement to acquire all of the outstanding equity interests of Burnham Benefits Insurance Services, or BBIS, and Burnham Gibson Wealth Advisors, or BGWA. Based in Irvine, California, Burnham is a full-service provider of employee benefits consulting, retirement consulting, wealth management and insurance brokerage services to mid-size and large enterprises. With annual revenues of approximately $52.61M, Burnham represents one of the largest partnerships in BRP Group's history. Burnham president and CEO, Kristen Allison, and BGWA president, Darin Gibson, will serve as regional president and managing partner, respectively, within BRP Group's middle-market operating group. Over its 25-year history, Burnham has delivered an impressive track record of revenue growth. This Partnership, which brings with it approximately 130 colleagues, marks BRP Group's entrance into some of the largest MSAs in California, including Los Angeles, Orange County and Sacramento, and further expands the company's presence in the San Francisco area. Burnham provides a full scope of strategic and tactical solutions centered around a client-first consulting approach. Burnham has cultivated a large and broad spectrum of clients including some of the most respected consumer, technology, health care, non-profit, professional and financial services companies. The partnership, BRP Group's nomenclature for a strategic acquisition, is expected to close December 31, subject to certain closing conditions.
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PZZA | Hot Stocks16:05 EST John Schnatter says Freeh report 'sets the record straight' - John Schnatter, the founder and former CEO and Chairman of Papa John's International, issued the following statement: "Judge [Louis] Freeh's investigation coincides with what I have said all along - that my comments in May 2018, which clearly reflected my total disdain for racism, were reversed and mischaracterized by the media to damage my reputation and harm the company I founded, built, and love. The report sets the record straight about the media attacks that delivered tremendous economic harm to the franchisees and employees of Papa John's. It also shows that the Papa John's leadership failed to protect me as the founder and face of the brand... While Judge Freeh's report is important for detailing the facts of what really happened, there's a lot more of the story to come. For instance, we now know unequivocally through my lawsuit that the effort to destroy my character was a malicious set-up perpetrated by executives at the Papa John's ad firm, Laundry Service, actively supported by certain board members of Papa John's International."
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USIO | Hot Stocks16:03 EST Usio enters into a non-binding LOI to acquire assets of IMS - Usio announced that it has entered into a non-binding Letter of Intent, LOI, to acquire the assets of Information Management Solutions. IMS is an established provider of electronic bill presentment, document composition, document decomposition and printing and mailing services serving hundreds of customers representing a wide range of industry verticals, including utilities and financial institutions. Louis Hoch, President and Chief Executive Officer of Usio, said, "We are pleased to announce that we have entered into a non-binding LOI to acquire IMS. We expect that the acquisition of IMS will not only be immediately accretive, but when and if closed, will also be highly synergistic, creating opportunities to cross and up-sell Usio's core Payment Facilitation, Prepaid and ACH services to the IMS customer base through the integration of Usio's proprietary technology, including bill payment. Furthermore, it will provide Usio a means to re-enter the EBPP industry, one which we were the dominant leader as Billserv, from 1998-2003. In addition, IMS broadens the scope of services currently being offered to the verticals currently targeted and served by Usio, as there is significant overlap that we believe will lead to a clear and measurable impact in short order." IMS has agreed to work with Usio on an exclusive basis until the deal is consummated or terminated. Details of the transaction are not being disclosed at this time. As is customary, the transaction is contingent on the successful outcome of due diligence, IMS' completion of an audit and the payment of a purchase price from Usio's existing cash and the issuance of a yet to be determined number of Usio warrants
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LSCC | Hot Stocks16:01 EST Lattice Semiconductor launches 2nd generation security solution FPGAA - The company states: "Lattice Semiconductor announced the Lattice Mach-NX FPGA family, the second generation in its successful line of secure control FPGAs. Building on the capabilities of the Lattice MachXO3D(TM) family announced in 2019, Mach-NX FPGAs deliver heightened security features and the fast, power-efficient processing needed to implement a real-time Hardware Root-of-Trust on future server platforms, as well as computing, communications, industrial, and automotive systems. Mach-NX marks the third FPGA family developed on the Lattice Nexus FPGA platform in a year."
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RCKT | Hot Stocks16:01 EST Rocket Pharmaceuticals reports 'encouraging' safety results for RP-A501 - Rocket Pharmaceuicals announced preliminary data from its open-label, Phase 1 clinical trial of RP-A501, the company's adeno-associated viral vector (AAV)-based gene therapy candidate expressing LAMP2B for the treatment of Danon Disease. Danon Disease is a rare X-linked inherited disorder caused by genetic mutations in the LAMP2 gene resulting in accumulation of autophagosomes and glycogen, particularly in cardiac muscle and other tissues, which ultimately leads to severe and frequently fatal cardiomyopathy. Preliminary data from patients in the low dose RP-A501 cohort showed that the gene therapy was generally well tolerated and provided early evidence of clinical benefit. "We are very excited to report encouraging safety and tolerability results for RP-A501, as well as increased gene expression, positive biomarkers and functional measures observed in the low-dose cohort of the study. Based on these early results, we believe that a low dose of RP-A501 has the potential to confer meaningful therapeutic benefit with an overall manageable safety profile. Further, the safety results observed in the low dose cohort enabled us to treat the first two patients in the higher dose cohort," said Gaurav Shah, M.D., Chief Executive Officer and President of Rocket. "Cardiac LAMP2B protein expression by immunohistochemical staining was greater than 50% of normal LAMP2B in two patients with follow-up data of up to one year; these levels far exceeded the threshold estimated in females who largely do not develop heart failure until several decades later than males. In addition, RP-A501 demonstrated reduction of myocardial cell disarray and accumulation of autophagic vacuoles, a hallmark of Danon Disease. This translated into early stabilization and suggests a trend toward improvement in functional measures. Males with Danon Disease typically have elevated BNP, transaminases and creatine kinase as a result of skeletal and heart muscle damage. Cardiac dysfunction is often rapidly progressive and severe, with concomitant reductions in cardiac output. RP-A501 demonstrated consistent stabilization or improvements across all of these clinical measures as of the data cutoff. These early results suggest a path to a potentially transformative option for Danon Disease, and possibly the first viable gene therapy approach for cardiac diseases."
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GFSZY | Hot Stocks15:25 EST G4S announces rejection of GardaWorld's revised offer - Garda World Security Corporation announced on December 2 it had revised its unsolicited offer to acquire the entire issued and to be issued share capital of G4S plc from 190 pence to 235 pence in cash per share. "The Board of G4S has carefully considered the revised GardaWorld offer with its financial and legal advisers. Whilst the Board recognises the increase in the price of the revised GardaWorld offer, the Board has unanimously decided to reject it on the basis that it continues to undervalue G4S," G4S announced. As previously reported earlier today, the boards of Allied Universal Topco and of G4S announced that they have reached agreement on the terms of a recommended cash offer, to be made by Atlas UK Bidco Limited, a newly incorporated entity that is indirectly controlled by Allied Universal, to acquire the entire issued and to be issued share capital of G4S. Under the terms of the offer, G4S shareholders will be entitled to receive: 245 pence in cash for each G4S share. The offer values the entire issued and to be issued ordinary share capital of G4S at approximately GBP 3.8B.
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TRNE | Hot Stocks15:18 EST Trine Acquisition says stockholders vote in favor of Desktop Metal merger - In a regulatory filing, Trine Acquisition Corp. disclosed that at a special meeting of stockholders held in connection with the company's previously announced business combination with Desktop Metal, about 22.2M votes were cast to approve the merger agreement and the transactions contemplated thereby, versus 4,377 against and 19,460 who abstained. Pursuant to the terms of the previously disclosed merger agreement, a business combination between Trine and Desktop Metal will be effected through the merger of merger sub with and into Desktop Metal, with Desktop Metal surviving the merger as a wholly owned subsidiary of Trine.
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MUX | Hot Stocks15:14 EST McEwen Mining reports 49% owned San Jose mine has resumed production - McEwen Mining reports that the temporary shutdown mandated by the provincial government of Santa Cruz that applied to several mines in the region has been lifted and the San Jose mine has resumed production. As detailed in a release dated November 30, "a significant increase in Covid-19 infections prompted the government to act to halt the spread," the company said. McEwen Mining owns 49% of the San Jose mine, which is operated by its 51% owner, Hochschild Mining PLC.
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PEN | Hot Stocks15:12 EST Penumbra down 12%, off earlier lows after issuing response to short seller - In afternoon trading after the stock reopened, Penumbra shares are down $27.31, or 12%, to $196.71, which is improved from earlier in the session.
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PG | Hot Stocks15:10 EST FTC sues to block Procter & Gamble's acquisition of Billie, Inc. - The Federal Trade Commission has filed an administrative complaint and authorized a suit in federal court to block The Procter & Gamble Company's proposed acquisition of Billie, Inc., a direct-to-consumer company that began selling women's razors and body care products in November 2017. "The complaint alleges that the proposed acquisition would allow P&G, the market-leading supplier of both women's and men's wet shave razors, to buy Billie, a newer but expanding maker of women's razors, and thereby eliminate growing competition that benefits consumers... Billie sells a quality, mid-tier women's system razor targeted at Generation Z and Millennial women, including through marketing attacking the practice of pricing women's razors higher than comparable men's razors-otherwise known as the "pink tax." The transaction was announced in January 2020, just over two years after Billie came to market but after it had already seen significant growth in sales," the FTC stated. The FTC will file a complaint in the U.S. District Court for the District of Columbia seeking a Temporary Restraining Order and Preliminary Injunction to stop the deal pending an administrative trial. The trial is scheduled to begin on June 22, 2021. Reference Link
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PG | Hot Stocks15:08 EST FTC sues to block Procter & Gamble's acquisition of Billie, Inc.
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PEN | Hot Stocks15:07 EST Penumbra trading resumes
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PEN | Hot Stocks14:47 EST Penumbra 'stands by the record' of JET 7 Xtra Flex - Penumbra responded to recent attacks by short sellers that it says contain "inaccurate and misleading information." Today, Penumbra's CEO, Adam Elsesser, spoke with Bank of America analyst Bob Hopkins about the state of Penumbra's business on a pre-announced, public call. "A replay of this call is available on Penumbra's website for all interested parties," the company said. "The company stands by the record of the Penumbra JET 7 Reperfusion Catheter with Xtra Flex technology, or 'JET 7 Xtra Flex.' Penumbra continues to follow all applicable Quality System Regulations and international standards that govern the design and quality of its products. Penumbra has helped thousands of sick patients and is unaware of a single patient death associated with the use of JET 7 Xtra Flex when it is used in line with the instructions for use and the notice Penumbra has provided to physicians," the company said.
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PEN | Hot Stocks14:45 EST Penumbra says short sellers' 'false' claims are 'baseless' - Penumbra responded to recent attacks by short sellers that it says contain "inaccurate and misleading information" regarding scientific research published by Penumbra's co-founder and Chief Innovator, Arani Bose, MD. "Dr. Arani Bose has co-authored numerous peer-reviewed articles and scientific presentations in his more than 30-year career in the medical field. As is commonplace in the medical community, many of his papers are published under the name A. Bose, as referenced on pubmed.gov and the original scientific publications. Penumbra confirms the papers rumored to be attributed to Antik Bose are in fact attributed to Dr. Arani Bose. To imply that Dr. Arani Bose's peer-reviewed research, co-authored with a large cohort of his peers, was ever or would ever be attributed to anyone other than Dr. Arani Bose is inaccurate and conspiratorial... These claims are baseless. Penumbra is reviewing its options of how to further respond," the company said.
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CZR | Hot Stocks14:32 EST Caesars announces $325M investment into renovation of New Orleans property - Caesars Entertainment, parent company of Harrah's New Orleans, shared plans to "transform the award-winning property into Caesars New Orleans" as part of a $325M renovation and construction project that will "significantly enhance the property," set to be completed by 2024. The plans, presented before the New Orleans Building Corporation, detail a large-scale renovation of Harrah's, which the company identifies as "the only land-based casino in New Orleans." The project will "create a new flagship resort, Caesars New Orleans, featuring the elegance and indulgence that has become Caesars' hallmark only steps from the famed French Quarter," the company said. Additional details on new hospitality, entertainment, and culinary offerings will be shared in the coming months, subject to City and Louisiana Gaming Control Board approval.
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BLNK | Hot Stocks14:22 EST Blink Charging CEO says industry will need 13M-14M charging stations in U.S. - Blink Charging CEO Michael Farkas, while being interviewed on CNBC, said Blink's goal is to own and operate "as many as possible" of the 13M to 14M electric vehicle charging stations that he projects will be needed in the U.S.
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BLNK | Hot Stocks14:20 EST Blink Charging CEO says 'completely disagrees' with Citron's assessment - Asked during an interview on CNBC about Andrew Left's Citron Research previously having said it believes Blink Charging shares should trade back to $10, Blink's CEO Michael Farkas said there "have always been naysayers" and he "completely disagrees" with the short seller's assessment. Farkas continues to be interviewed on CNBC.
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PEN | Hot Stocks14:04 EST Penumbra trading halted, news pending
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UBSFY | Hot Stocks13:58 EST Ubisoft pushes release of 'Prince of Persia' remake to March 18, 2021 - Ubisoft said that it is delaying the release of upcoming game "Prince of Persia: The Sands of Time Remake" to March 18, 2021. The game was originally set for release on January 21, 2021. Reference Link
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ALLY | Hot Stocks13:52 EST Ally Financial: Core trends 'look really strong' across the bank
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ALLY | Hot Stocks13:45 EST Ally Financial sees mid-teens returns over next 1-2 years - Comments taken from the Goldman Sachs U.S. Financials Services Conference.
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UNH | Hot Stocks13:34 EST Massachusetts sues three UnitedHealth companies for 'misleading consumers' - Massachusetts Attorney General Maura Healey announced that her office has sued three companies for "misleading consumers looking for traditional health insurance into purchasing supplemental health insurance products of very limited value, cheating more than 15,000 Massachusetts residents out of more than $43.5 million since 2011." The office filed the complaint against HealthMarkets and its subsidiaries The Chesapeake Life Insurance Company and HealthMarkets Insurance Agency. The complaint alleges that the companies violated the state's consumer protection law and a prior consent judgment in the same court meant to protect consumers. The companies have been owned by UnitedHealth Group since 2019. Reference Link
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PCAR | Hot Stocks13:13 EST Paccar declares regular 32c cash dividend, additional 70c extra dividend - Paccar announced its board declared a regular quarterly cash dividend of thirty-two cents per share, payable on March 2, 2021, to stockholders of record at the close of business on February 9, 2021. The board of directors also declared an extra cash dividend in the amount of seventy cents per share, payable on January 6, 2021, to stockholders of record at the close of business on December 18, 2020. Preston Feight, Paccar CEO, said, "Paccar's profits and strong cash flow have enabled the company to invest in new and expanded manufacturing and distribution facilities, environmental leadership, and new technologies such as autonomous driving, zero emissions powertrains and connected vehicles. The truck markets in North and South America and Europe have rebounded strongly this year and it appears that 2021 should be another good year."
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GFSZY | Hot Stocks13:07 EST G4S reaches agreement to be bought by Allied Universal for GBP 3.8B - The boards of Allied Universal Topco and of G4S announced that they have reached agreement on the terms of a recommended cash offer, to be made by Atlas UK Bidco Limited, a newly incorporated entity that is indirectly controlled by Allied Universal, to acquire the entire issued and to be issued share capital of G4S. Under the terms of the offer, G4S shareholders will be entitled to receive: 245 pence in cash for each G4S share. The offer values the entire issued and to be issued ordinary share capital of G4S at approximately GBP 3.8B. Allied Bidco has committed financing available to satisfy the full cash consideration payable to G4S shareholders under the terms of the offer. Allied Bidco confirmed that it has cleared U.S. antitrust review, having received early termination of the applicable waiting period under the HSR Act on November 13.
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HPK | Hot Stocks13:02 EST HighPeak Energy Inc trading resumes
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AMZN | Hot Stocks13:02 EST Amazon Web Services announces nine new SageMaker capabilities - Amazon Web Services announced nine new capabilities for its machine learning service, Amazon SageMaker, making it even easier for developers to automate and scale all steps of the end-to-end machine learning workflow. The new capabilities included Data Wrangler automated data preparation; feature storage and management; workflow management and automation; bias detection and explainability; deep profiling for Debugger model training profiler; distributed training to accelerate training times; model management for edge devices; and JumpStart to enable the "machine learning journey." "Hundreds of thousands of everyday developers and data scientists have used our industry-leading machine learning service, Amazon SageMaker, to remove barriers to building, training, and deploying custom machine learning models. One of the best parts about having such a widely-adopted service like SageMaker is that we get lots of customer suggestions which fuel our next set of deliverables," said Swami Sivasubramanian, Vice President, Amazon Machine Learning, Amazon Web Services, Inc. "Today, we are announcing a set of tools for Amazon SageMaker that makes it much easier for developers to build end-to-end machine learning pipelines to prepare, build, train, explain, inspect, monitor, debug, and run custom machine learning models with greater visibility, explainability, and automation at scale."
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AMZN | Hot Stocks13:01 EST AWS announces Amazon HealthLake HIPAA-eligible service - Amazon Web Services, an Amazon.com companyannounced Amazon HealthLake, a HIPAA-eligible service for healthcare and life sciences organizations. AWS said: "Amazon HealthLake aggregates an organization's complete data across various silos and disparate formats into a centralized AWS data lake and automatically normalizes this information using machine learning. The service identifies each piece of clinical information, tags, and indexes events in a timeline view with standardized labels so it can be easily searched, and structures all of the data into the Fast Healthcare Interoperability Resources industry standard format for a complete view of the health of individual patients and entire populations. As a result, Amazon HealthLake makes it easier for customers to query, perform analytics, and run machine learning to derive meaningful value from the newly normalized data. Organizations such as healthcare systems, pharmaceutical companies, clinical researchers, health insurers, and more can use Amazon HealthLake to help spot trends and anomalies in health data so they can make much more precise predictions about the progression of disease, the efficacy of clinical trials, the accuracy of insurance premiums, and many other applications." "There has been an explosion of digitized health data in recent years with the advent of electronic medical records, but organizations are telling us that unlocking the value from this information using technology like machine learning is still challenging and riddled with barriers," said Swami Sivasubramanian, Vice President of Amazon Machine Learning for AWS. "With Amazon HealthLake, healthcare organizations can reduce the time it takes to transform health data in the cloud from weeks to minutes so that it can be analyzed securely, even at petabyte scale. This completely reinvents what's possible with healthcare and brings us that much closer to everyone's goal of providing patients with more personalized and predictive treatment for individuals and across entire populations."
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HPK | Hot Stocks12:57 EST HighPeak Energy Inc trading halted, volatility trading pause
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GOOG GOOGL | Hot Stocks12:38 EST YouTube launches HDR support for live streams - Google's YouTube said in a blog post that it is launching HDR, or high-dynamic range, support for live streams on YouTube. HDR videos have higher contrast, revealing precise, detailed shadows and stunning highlights with more clarity than ever. Starting today, any creator using a supported encoder can stream in HDR to YouTube. And any viewer can watch live streams in HDR on supported devices, including the latest Android mobile devices or your HDR-capable smart TV or streaming stick. Reference Link
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PEN | Hot Stocks12:12 EST Penumbra falls after short seller charges 'fake person' publishing core research - Shares of Penumbra are lower near midday after Quintessential Capital Management, or QCM, stated in follow-up report that it has reason to believe that Penumbra's "core scientific research" is "authored by a fake person" as part of a "sophisticated, multi-year gross deception." Quintessential Capital Management previously announced a short position in Penumbra on November 10, stating at the time that it uncovered "concealed information pertaining to catastrophic corporate malfeasance." Penumbra's flagship Jet 7 device is linked to 18 recorded deaths, Quintessential said in its prior short report. In its newly-published follow-up report, QCM accuses the company of using a "fictional character" to "hide its involvement with critical research produced with significant undisclosed conflict of interest." Near noon, shares of Penumbra are down $36.27, or 16%, to $187.75. Reference Link
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SI | Hot Stocks12:00 EST Silvergate Capital falls -10.1% - Silvergate Capital is down -10.1%, or -$4.48 to $40.05.
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PEN | Hot Stocks12:00 EST Penumbra falls -13.0% - Penumbra is down -13.0%, or -$29.02 to $195.00.
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TMST | Hot Stocks12:00 EST TimkenSteel falls -13.9% - TimkenSteel is down -13.9%, or -90c to $5.62.
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RENN | Hot Stocks12:00 EST Renren rises 17.4% - Renren is up 17.4%, or 95c to $6.41.
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SMAR | Hot Stocks12:00 EST Smartsheet rises 18.3% - Smartsheet is up 18.3%, or $11.46 to $73.92.
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CMD | Hot Stocks12:00 EST Cantel Medical rises 20.9% - Cantel Medical is up 20.9%, or $12.88 to $74.48.
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AZN | Hot Stocks11:37 EST AstraZeneca reports vaccine efficacy of 62.1% for two full doses of AZD1222 - Results of an interim analysis of the Phase 3 program conducted by Oxford University with AZD1222, peer-reviewed and published in The Lancet today, demonstrated that the vaccine is "safe and effective at preventing symptomatic COVID-19 and that it protects against severe disease and hospitalization," announced AstraZeneca. The interim analysis for efficacy was based on 11,636 participants accruing 131 symptomatic infections from the Phase III UK and Brazil trials conducted by Oxford University. As announced on November 23, the primary efficacy endpoint of the program statistical plan, based on the pooling of two dosing regimens, showed that the vaccine is 70.4% effective at preventing symptomatic COVID-19 occurring more than 14 days after receiving two doses of the vaccine. A secondary efficacy endpoint of prevention of severe disease demonstrated no cases of severe infections or hospitalizations in the vaccine group. A further analysis of the efficacy regimens showed that when the vaccine was given as two full doses, vaccine efficacy was 62.1%, and 90.0% in participants who received a half dose followed by a full dose. Vaccine efficacy was also assessed on the secondary endpoint of early prevention of severe disease after the first dose. There were no hospitalizations or severe cases of COVID-19 more than 21 days after the first dose of the vaccine. Ten participants in the control group were hospitalized due to COVID-19, among whom two were assessed as severe, including one fatal case, Astra announced. "More data will continue to accumulate as part of the upcoming primary analysis and further follow-up, refining the efficacy reading and characterising vaccine efficacy over a longer period of time," the company added.
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CTEK | Hot Stocks11:34 EST CynergisTek announces cybersecurity expansion agreement with university system - CynergisTek announced that a state university system has signed a Master Service Agreement authorizing CynergisTek to offer its entire suite of high-value services to the university's diverse infrastructure, including numerous campuses, multiple academic medical centers, several laboratories, and other support locations. Besides this newly signed MSA, additional contracts were signed including a multi-year six-figure vendor security managed services renewal for one of the system's academic medical centers and a consulting services contract with a department in the system that has not been supported in the past. Under the MSA, the entire university system has the ability to leverage the expertise CynergisTek currently delivers to multiple entities in the system, including its complete portfolio of managed services.
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KTOS | Hot Stocks11:32 EST Kratos Defense receives $37.7M Skyborg program contract award - Kratos Defense & Security Solutions announced that Kratos has received a $37,771,577 award from the AFLCMC/WA Advanced Aircraft Program Executive Office for the Skyborg Delivery Order (DO) 2 contract to integrate, test, and deliver XQ-58A Valkyrie aircraft.
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AZN | Hot Stocks11:32 EST AstraZeneca reports AZD1222 Oxford Phase 3 trials interim analysis published - Results of an interim analysis of the Phase 3 program conducted by Oxford University with AZD1222, peer-reviewed and published in The Lancet today, "demonstrated that the vaccine is safe and effective at preventing symptomatic COVID-19" and that it protects against severe disease and hospitalization, announced AstraZeneca. The interim analysis for efficacy was based on 11,636 participants accruing 131 symptomatic infections from the Phase 3 UK and Brazil trials conducted by Oxford University, the company stated. More data will continue to accumulate as part of the upcoming primary analysis and further follow-up, refining the efficacy reading and characterizing vaccine efficacy over a longer period of time, Astra noted. The safety data published so far is from over 20,000 participants enrolled across four clinical trials in the UK, Brazil and, in addition, from South Africa. "The Lancet publication confirmed that AZD1222 was well tolerated and that there were no serious safety events confirmed related to the vaccine," AstraZeneca stated. Pascal Soriot, CEO, said: "Today's peer-reviewed publication enables a full disclosure of the Oxford programme interim analysis. The results show that the vaccine is effective against COVID-19, with in particular no severe infections and no hospitalisations in the vaccine group, as well as safe and well tolerated. We have begun submitting data to regulatory authorities around the world for early approval and our global supply chains are up and running, ready to quickly begin delivering hundreds of millions of doses on a global scale at no profit." Reference Link
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CONN | Hot Stocks11:28 EST Conn's: November SSS came in better than Q3 result despite Covid resurgences - Comments taken from Q3 earnings conference call.
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BA | Hot Stocks11:16 EST Boeing reports 118 commercial airplane deliveries in year-to-date - On its website, Boeing reports 118 year-to-date deliveries of commercial airplanes and reports that its year-to-date net orders are down 1,048 as of November 30, 2020. The company also reported on its November metrics and reports unfilled plane orders of 5,053 as of the end of last month. Reference Link
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AWK | Hot Stocks11:05 EST Pennsylvania American Water selected to purchase Brentwood Borough system - Pennsylvania American Water announced that it was selected to acquire the wastewater collection system assets of Brentwood Borough in Allegheny County for approximately $19M. The company's selection follows a recent vote by the Brentwood Borough Council in favor of Pennsylvania American Water's bid. Brentwood Borough initially issued a request for bids in January of 2020 for the potential acquisition of its wastewater collection system, which serves approximately 4,100 customers and includes approximately 38 miles of sewer mains. Pennsylvania American Water and Brentwood Borough will seek approval of the acquisition from the Pennsylvania Public Utility Commission, the Allegheny County Health Department and the Pennsylvania Department of Environmental Protection.
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LOV | Hot Stocks11:03 EST Spark Networks appoints Gitte Bendzulla as COO - Spark Networks announced the promotion of Gitte Bendzulla to COO. Bendzulla, Spark's first female COO, takes the role in addition to her position as the company's CLO and managing director. Reporting directly into Spark CEO Eric Eichmann, Bendzulla's responsibilities will include overseeing operational efficiency and excellence for Spark and supporting growth and innovation for its portfolio of premium dating brands including Zoosk, EliteSingles, SilverSingles, Christian Mingle, Jdate, JSwipe and eDarling.
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VLDR | Hot Stocks10:48 EST Velodyne Lidar up 16% to $21.76 Citron predicts rally to $30
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LAZR | Hot Stocks10:47 EST Luminar drops 4% to $39.13 following cautious tweet from Citron
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CDNS | Hot Stocks10:46 EST Samsung Foundry adopts Cadence Spectre X Simulator for 5nm design - Cadence Design Systems announced that Samsung Foundry has adopted the Cadence Spectre X Simulator for its latest 5nm PCI Express PHY IP for automotive, mobile, consumer and healthcare applications. Using the Spectre X Simulator's multi-core scalability, customers can achieve up to 10X simulation performance gains for large, post-layout designs while maintaining golden accuracy, Cadence said in a statement. "The Spectre X Simulator provided us with the capacity and accuracy we needed to deliver our high-quality 5nm PCIe PHY IP with speed and confidence," said Sangyun Kim, Vice President of Foundry Design Technology Team at Samsung Electronics. "With the 10X performance gain we achieved, we can now analyze the post-layout impact on advanced-node designs and fix issues earlier in the design cycle."
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TFC | Hot Stocks10:36 EST Truist Financial sees achieving 65% of $1.6B net cost savings by 4Q21 - Sees additional 226 branch closures in 1H21.
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TFC | Hot Stocks10:36 EST Truist Financial: PPP forgiveness could be close to 90% - Comments taken from Goldman Sachs U.S. Financial Services Conference.
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VIVO | Hot Stocks10:18 EST Meridian submits application to FDA for EUA SARS-CoV-2 molecular assay - Meridian Bioscience announced that it has submitted its application for Emergency Use Authorization to the U.S. Food and Drug Administration for the company's SARS-CoV-2 molecular diagnostic test on the Revogene platform. The SARS-CoV-2 test is a molecular diagnostic test for the qualitative detection of the SARS-CoV-2 virus, the causative agent of COVID-19. The COVID-19 global pandemic has resulted in a need for accurate and timely results to quickly determine which patients are infected with COVID-19. With results available as early as 47 minutes, the Revogene SARS-CoV-2 test will help customers improve their testing capacity and enable healthcare providers to quickly deliver appropriate care and guide infection control measures for patients. The Revogene is a flexible molecular testing platform that can be easily integrated into any laboratory or health system.
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NVS | Hot Stocks10:04 EST Novartis reports asciminib shows superior MMR rate to Bosulif in trial - Detailed results from the Phase III ASCEMBL study demonstrate that, at 24 weeks, asciminib - a novel investigational treatment specifically targeting the ABL myristoyl pocket - nearly doubled the major molecular response, or MMR, rate compared to Bosulif in patients with Philadelphia chromosome-positive chronic myeloid leukemia in chronic phase previously treated with two or more tyrosine-kinase inhibitors, Novartis announced. The data were presented at a late-breaking abstracts session during the 62nd American Society of Hematology Annual Meeting & Exposition, or ASH. "Novartis has been at the forefront of CML research for years - significantly changing the prognosis for patients. We are very proud to once again advance a potentially transformative medicine, a novel STAMP inhibitor, for those who do not adequately respond or are intolerant to currently available TKIs," said John Tsai, Head Global Drug Development and Chief Medical Officer, Novartis. "There is a clear need in later lines of therapy, and based on these results, we believe asciminib may become an important new development for patients. We look forward to sharing the data with regulatory authorities and moving forward with submissions worldwide." The U.S. Food and Drug Administration has granted Fast Track designation for asciminib and submissions to the U.S. and EU health authorities are planned for the first half of 2021, the company said.
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XXII | Hot Stocks10:03 EST 22nd Century receives order for 3.6M SPECTRUM variable nicotine cigarettes - 22nd Century Group announced that the U.S. Food and Drug Administration in coordination with the National Institute on Drug Abuse and others, has submitted an order to 22nd Century for 3.6 million variable nicotine research cigarettes. The Company's research cigarettes will continue to fuel numerous independent, scientific studies to validate the enormous public health benefits identified by the FDA and others of implementing a national standard requiring all cigarettes to contain minimally or non-addictive levels of nicotine. The selection of SPECTRUM cigarettes for use in ongoing research is not connected to 22nd Century's Modified Risk Tobacco application for the Company's reduced nicotine content VLN cigarettes. 22nd Century believes that authorization of the Company's MRTP application is imminent, and it plans to launch VLN cigarettes within just 90 days of authorization. The company said, "22nd Century continues to maintain a dialogue with the FDA, and the Company believes the agency is in the final stage of review. At this time, the Company has no outstanding requests for information from the FDA, and the Company is confident it has satisfied every FDA requirement for the agency to make a final decision about our application."
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THR GE | Hot Stocks10:02 EST Thermon Group CFO Jay Peterson to step down, Kevin Fox to succeed - Thermon (THR) announced the promotion of Kevin Fox to the position of Senior Vice President and CFO, effective February 12, 2021, concurrent with Jay Peterson, the company's Senior Vice President and CFO, stepping down from that role. Fox has served as the Company's Vice President, Corporate Development, since March 2019. Prior to joining Thermon, Fox served in various roles of increasing responsibility in strategy, corporate development and finance with General Electric (GE) from 2006 to 2019.
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TOL | Hot Stocks10:00 EST Toll Brothers falls -6.4% - Toll Brothers is down -6.4%, or -$3.15 to $46.06.
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TRNE | Hot Stocks10:00 EST Trine Acquisition falls -8.6% - Trine Acquisition is down -8.6%, or -$1.79 to $18.96.
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PEN | Hot Stocks10:00 EST Penumbra falls -11.4% - Penumbra is down -11.4%, or -$25.48 to $198.53.
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SMAR | Hot Stocks10:00 EST Smartsheet rises 13.3% - Smartsheet is up 13.3%, or $8.29 to $70.75.
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BPT | Hot Stocks10:00 EST BP Prudhoe Bay rises 13.4% - BP Prudhoe Bay is up 13.4%, or 37c to $3.09.
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QS | Hot Stocks10:00 EST QuantumScape rises 15.3% - QuantumScape is up 15.3%, or $6.74 to $50.91.
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AZUL | Hot Stocks09:59 EST Azul reports November traffic up 17.5%, capacity up 12.2% vs. October - Azul announces its preliminary traffic results for November. Consolidated passenger traffic increased 17.5% compared to October on a capacity increase of 12.2%, resulting in a load factor of 83.1%. Domestic load factor was 83.8% and international load factor was 72.6%. "In November we recovered 85% of our domestic demand, which is one of the fastest rates in the world. We expect this trend to continue as we progressively ramp up our operations. We will fly to 113 destinations by the end of 2020 as our fleet flexibility and unique network structure enable us to accurately match capacity with demand", said John Rodgerson, Azul's CEO.
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NMTR | Hot Stocks09:49 EST 9 Meters Biopharma granted FDA orphan status for acute GVHD treatment - 9 Meters Biopharma was granted FDA orphan designation for Teduglutide for the prevention of acute graft versus host disease, or GVHD, according to a post to the agency's website. Reference Link
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AXTI | Hot Stocks09:43 EST AXT trading resumes
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ACET | Hot Stocks09:39 EST Adicet Bio trading resumes
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CIDM | Hot Stocks09:38 EST Cinedigm, Spherex partner on global content localization, compliance - Spherex announced a strategic partnership with Cinedigm to accelerate Cinedigm's international expansion. The companies are partnering on global content localization and compliance, deploying Spherex's AI and machine learning capabilities. As part of Cinedigm's ongoing efforts to monetize its extensive digital content catalog, the company has selected Spherex to utilize its technology and expertise to ensure its video assets and metadata are compliant with international regulations for content age ratings and optimized to adhere to prevailing cultural norms and practices across a wide range of international territories.
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PZZA | Hot Stocks09:38 EST Freeh finds Papa John's Schnatter subjected to 'baseless misreporting' - Former FBI Director and federal judge Louis Freeh issued a report today on John Schnatter, founder of Papa John's. "The report concluded that Mr. Schnatter was subjected to damaging and baseless misreporting by some news media that falsely claimed he spoke out against protesting NFL players in 2017, and failed to provide readers with any context of the actual circumstances and intent behind statements Mr. Schnatter made during a diversity training session in 2018," Freeh said in a statement.
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AXTI | Hot Stocks09:38 EST AXT trading halted, volatility trading pause
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OSH | Hot Stocks09:34 EST Oak Street Health to enter Louisiana, South Carolina in early 2021 - Oak Street Health is announcing growth plans for early 2021, including its entry into Louisiana and South Carolina. The company will open centers in New Orleans, Louisiana, as well as Columbia and Greenville / Spartanburg, South Carolina, marking its twelfth and thirteenth states. Oak Street Health will also enter new markets in existing states, with forthcoming centers in Akron, Ohio and Raleigh, North Carolina early in the New Year.
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ACET | Hot Stocks09:34 EST Adicet Bio trading halted, volatility trading pause
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NSIT | Hot Stocks09:33 EST Insight Enterprises collaborates with Microshare on contact tracing solution - Insight Enterprises announced the wearable insight connected platform for contact tracing solution in collaboration with Microshare, a Philadelphia-based data solutions company. As another facet of the insight connected platform for detection and prevention, the contact tracing solution helps prioritize both the health and privacy of customers and employees. It enables organizations to deploy and manage a system to identify potential infection incidents.
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VZ | Hot Stocks09:33 EST Verizon becomes official 5G innovation partner for Simon Fuller - Verizon is teaming with Simon Fuller, guiding light behind the Spice Girls, creator of the American Idol franchise and founder of XIX Entertainment, to transform storytelling and entertainment using 5G, virtual reality and extended reality. Verizon will work with Simon and his XIX team to conceptualize and create a sequence of new entertainment experiences powered by Verizon 5G Ultra Wideband. XIX will be collaborating with Verizon's XR and 5G Labs to craft new storytelling experiences. The content that Verizon and XIX create together will be optimized for audiences empowered with 5G-connected devices or next-gen entertainment devices like VR headsets or AR glasses. The companies' first project is expected to be a short-form VR experience designed by Fuller and his team using custom, industry-leading 360 Stereoscopic 3D cameras and maximizing the visual and audio fidelity of VR headsets, to create superior and more immersive experiences.
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BLIN | Hot Stocks09:32 EST Bridgeline Digital expands partnership with health care provider - Bridgeline Digital announced that an academic medical center that operates several hospitals and outpatient locations in the Northeast United States, expanded their partnership with Bridgeline to leverage its professional services for ongoing enhancements to their website. This engagement consists of a six-figure investment in professional services to implement improvements and upgrade their physician finder database. The medical center will leverage Bridgeline's User-Centered Design, Digital Strategy, and Application Development to deploy the enhancements to their patient-facing digital experience. The services will be implemented in their independent environment using the Bridgeline Unbound platform. This strategic initiative will help increase brand awareness in the highly competitive healthcare environment, drive patient retention, and increase new patient acquisition.
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CETX... | Hot Stocks09:23 EST Cemtrex announces engagements with HBO Max, Modelo USA - Cemtrex (CETX) announced ongoing engagements with HBO Max (T), a pay television network, and Modelo USA (BUD), brewer of Modelo beer, to create AR/VR technology experiences in two digital marketing campaigns. For HBO Max, Cemtrex built a dynamic digital marketing campaign for HBO Max's first exclusive movie, Charm City Kings. Cemtrex Labs, a Cemtrex Company, delivered eye-catching social media assets, a portal for a writing contest, along with an AR face filter and name generator to drive social engagement. The campaign combines the best of traditional digital marketing campaigns with exciting AR technology to reach a wider audience, boost social engagement and build awareness for the movie. For Modelo, Cemtrex Labs built a powerful augmented reality web experience to promote the company's Modelo x RSVP WebAR Sweepstakes. RSVP Gallery, a conceptual retail experience, and Modelo USA partnered to create a co-branded apparel collection that pays homage to the fighting spirit of Chicago's iconic sports culture. The experience allows users to engage with the apparel in AR before entering the sweepstakes.
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DISH | Hot Stocks09:23 EST Dish reaches agreement with MTI for Open RAN radio units - Dish announced that it has successfully integrated and validated end-to-end 5G connections using the industry's first O-RAN compliant FDD radio, developed by MTI. The field validation took place through DISH's fully-virtualized standalone 5G core network in Cheyenne, WY. DISH has also reached an agreement with MTI for Open RAN radio units to help support its nationwide network deployment.
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BLNK | Hot Stocks09:21 EST Blink Charging Hellas awarded purchase agreement to deploy EV charging stations - Blink Charging Hellas, a joint venture between Blink Charging Co. and Eunice Energy Group, announced the purchase of 45 dual-port Blink charging stations by Public Power Company for deployment across Greece. This tender is the first following the utility's public announcement to enter into the Greek EV charging market with 10,000 charging stations.
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CTXR | Hot Stocks09:20 EST Citius Pharmaceuticals reports data from POC study of i-MSC therapy - Citius Pharmaceuticals announced interim data from a proof-of-concept large animal study of its proprietary induced mesenchymal stem cell therapy for acute inflammatory respiratory conditions including COVID-19 related Acute Respiratory Distress Syndrome. The available results of i-MSC therapy in the study show improvement in critical parameters, such as improved oxygenation, less systemic shock, and reduced lung injury, compared to the control group. The study was conducted in a widely accepted large animal model.
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EYPT | Hot Stocks09:20 EST EyePoint announces 1-for-10 reverse stock split - EyePoint Pharmaceuticals announced that it will effect a 1-for-10 reverse stock split at 5:00 p.m. Eastern Time today. Beginning with the opening of trading on December 9, 2020, EyePoint's common stock will trade on the Nasdaq Global Market on a split-adjusted basis under a new CUSIP number 30233G209. The reverse stock split is intended to enable EyePoint to regain compliance with the $1.00 minimum closing bid price required for continued listing on the Nasdaq Global Market. At EyePoint's special meeting of stockholders on December 1, 2020, EyePoint's stockholders approved the proposal to authorize EyePoint's Board of Directors to file an amendment to EyePoint's certificate of incorporation to effect the reverse split at a ratio to be determined by the Board, ranging from 1-for-10 to 1-for-25. The specific 1-for-10 ratio was subsequently approved by EyePoint's Board of Directors and the reverse stock split was effected by filing a Certificate of Amendment to EyePoint's certificate of incorporation with the Secretary of State of the State of Delaware. The reverse split will affect all issued and outstanding shares of EyePoint's common stock. At the effective time of the reverse stock split the number of shares of common stock issued and outstanding will be reduced from approximately 151.3 million shares to approximately 15.13 million shares. All outstanding options, warrants, restricted stock units and deferred stock units entitling their holders to receive or purchase shares of EyePoint's common stock will be adjusted as a result of the reverse split, as required by the terms of each security. The number of shares reserved for future issuance pursuant to EyePoint's 2016 Long-Term Incentive Plan and the number of shares reserved for future issuance pursuant to EyePoint's 2019 Employee Stock Purchase Plan will also be appropriately adjusted. The reverse stock split will affect all stockholders uniformly and will not affect any stockholder's ownership percentage of EyePoint's shares. Stockholders will receive cash in lieu of fractional shares based on today's closing sales price of EyePoint's common stock as quoted on the Nasdaq Global Market. The reverse stock split will not reduce the number of authorized shares of common stock, or preferred stock, or change the par values of EyePoint common stock or preferred stock.
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GNUS SSNLF | Hot Stocks09:19 EST Genius Brands enters deal with LG Electronics USA for Kartoon Channel! app - Genius Brands International (GNUS) continues the rapid expansion of its premiere children's entertainment destination, Kartoon Channel!, partnering with its second television manufacturer, LG Electronics USA, to offer Kartoon Channel! for free across all LG Smart TVs, effective immediately. The deal with LG Electronics USA follows the recent partnership with Samsung (SSNLF), which has made Kartoon Channel! available across all Samsung Smart TVs.
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NWVCF | Hot Stocks09:17 EST EnWave announces results for terpene retention process for drying cannabis - EnWave Corporation announces the research and development results of a new terpene retention process for drying cannabis using Radiant Energy Vacuum dehydration technology. Third-party, lab-verified results demonstrate that EnWave's patented REV technology can deliver a higher percentage of retained terpenes, approximately 10% higher, than traditional cannabis drying methods such as air drying or rack/room drying. The Company offers scaleable, continuous REV machinery that can process up to 28 metric tons of high-terpene, dried cannabis per year using the Terpene Max process, and up to 46 metric tons of dried cannabis to be used for extraction purposes per year. This new process, branded as Terpene Max, further demonstrates the advantages of the Company's scaleable, proprietary vacuum-microwave drying technology for the global cannabis industry. Terpene Max ensures that drying temperatures remain well below 40 degrees Celsius for the entire drying process, which takes less than two hours. The initial quantitative results from using the new Terpene Max drying program on a specific low-THC cannabis strain demonstrated an average terpene retention level of 88 percent when compared to the fresh flower, making it materially superior to traditional air or rack/room drying where terpene retention averages 79 percent. The tests were conducted for the Company by accredited, third-party testing facilities using cannabis product dried with large-scale, continuous REV technology at a licensed partner's facilities against standard room-dried protocols. Further data, analysis and certified results will be released in a white paper that will be published in January 2021.
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APPN | Hot Stocks09:15 EST Appian RPA receives FedRAMP certification - Appian announced at its 4th annual AppianGovernment conference that Appian RPA has achieved authorization from the Federal Risk and Authorization Management Program as part of Appian Cloud. Appian RPA is a new component of the Appian low-code automation platform and joins Appian's existing FedRAMP authorization and Agency Authority to Operate accreditation for the Appian Cloud.
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CMTL | Hot Stocks09:15 EST Comtech awarded $3.8 M contract with the 9-1-1 association in Oklahoma - Comtech Telecommunications announced , that during its first quarter of fiscal 2021, Comtech Solacom Technologies, was awarded a Next Generation 911 services contract from the 9-1-1 Association of Central Oklahoma Governments. The $3.8M contract includes option years and is initially funded at $1.8M, which Comtech booked in its first quarter of fiscal 2021. The 9-1-1 ACOG is one of the latest customers to join Comtech Solacom's growing global customer base in the United States, Canada and Australia.
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FTNT | Hot Stocks09:14 EST Fortinet acquires Panopta, terms not disclosed - Fortinet announced it has acquired Panopta, the SaaS platform innovator that provides full stack visibility and automated management of the health of an enterprise network, including servers, network devices, containers, applications, databases, virtual appliances, and cloud infrastructure. Customers are accelerating their digital innovation initiatives and user experience determines the success of an application. Making sure infrastructure has 100% uptime is critical. Panopta's cloud-based solution delivers a complete picture of every service, network device, and application in any deployment, whether it is containers, cloud, on-prem, or hybrid. Fortinet's Security Fabric, combined with Panopta's scalable, network monitoring and diagnostics platform, enables Fortinet to offer the most comprehensive network and security operations management solution for enterprises or service providers. In addition to further improving customers' hybrid network infrastructure security and performance, the combined solution is expected to enhance real-time monitoring and effectiveness of the infrastructure that powers Fortinet's security services, including cloud-based. For instance, SASE service, email, security analytics, and web application firewalls will benefit from the continuous monitoring and diagnostics provided by Panopta's platform. Integration between Panopta's solution and Fortinet's FortiGate Next-generation Firewall and Secure SD-WAN solution will further enhance SD-WAN connectivity and performance. Furthermore, integration of Panopta's automated incident management with our SOAR platform can deliver a single platform view for IT teams to diagnose and resolve real-time network health incidents proactively. Panopta's platform is built to be partner friendly, empowering MSSPs, and value-add partners to easily integrate the multi-tenant solution into their own offering and quickly add value to their end customers. The Panopta solution's role-based access control delivers a granular governance layer between customers, and also within the Network Operations Center and Security Operations Center teams. Financial terms of the deal were not disclosed.
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QLGN | Hot Stocks09:13 EST Qualigen Therapeutics names Amy Broidrick as EVP, Chief Strategy Officer - Qualigen Therapeutics announced the appointments of Amy Broidrick as Executive Vice President, Chief Strategy Officer, a newly created executive position, and veteran public company CEO Sidney Emery, Jr. to the company's board as an independent director, both effective as of yesterday. Broidrick will report to Chairman, CEO and President Michael Poirier and will have broad responsibility over the prioritization and execution of the company's strategic initiatives, particularly to innovate and create value from the therapeutics pipeline. Emery's appointment increases the size of the Qualigen board to seven directors, including four independent directors.
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CERN | Hot Stocks09:12 EST Cerner announces investment in Elligo Health Systems - Cerner Corporatio announced an investment in Elligo Health Research, an integrated research organization that enables clinical trials with nationwide community-based health care practices. Cerner representatives will also join Elligo's board of directors. As a result of this investment, Cerner plans to enter into a commercial agreement to expand the data and tools available in the Cerner Learning Health Network to offer additional clinical trial resources to community and rural hospitals and physician practices. This collaboration is expected to help accelerate clinical research timeframes, make clinical trials more broadly and easily accessible and reduce the costs associated with bringing a therapy to market. Financial terms were not disclosed.
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ZIOP | Hot Stocks09:12 EST WaterMill sends letter to Ziopharm shareholders - WaterMill, which collectively with the other participants in its consent solicitation beneficially owns approximately 3.3% of the outstanding shares of Ziopharm, issued the below letter to shareholders. As a reminder, WaterMill is encouraging shareholders to consent to all of its proposals by voting on the white consent card. The letter said, "WaterMill Asset Management Corp. (together with its affiliates, "WaterMill" or "we") wants to emphasize that Ziopharm Oncology, Inc. ("Ziopharm" or the "Company") is at a critical inflection point. The Board of Directors (the "Board") has put Ziopharm on a path to financial ruin by burning through capital, incurring mounting expenses and failing to deliver value-generating clinical progress. Despite receiving blunt investor feedback in recent years, the Board opted to pursue a string of self-directed refreshments that only solidified the Company's abysmal governance and dismal business practices. This is why we have taken the extraordinary step of initiating a consent solicitation to facilitate meaningful and timely boardroom change. We firmly believe that our three aligned, independent and well-qualified director candidates collectively represent the right shareholder-driven solution to help Ziopharm quickly reverse its tailspin. Our minority slate possesses the capital allocation acumen, commercial intensity, financial expertise and ownership perspectives that have been lacking in the boardroom for far too long. Each member of our slate also recognizes that Ziopharm's deteriorating cash position will require a reconstituted Board to expeditiously address challenges and promptly pursue new sources of liquidity. Although Ziopharm contends that it has tried to engage with WaterMill to settle this contest, these are disingenuous and misrepresentative claims. Not only has the Company taken every opportunity to discredit our integrity-rich director candidates, but all offers to date have been reactive and woefully inadequate relative to the litany of governance issues that exist throughout the c-suite and boardroom. The incumbents' blatant, last-minute distortions only reinforce why our full slate needs to be added to the Board. Indeed, Ziopharm's leadership has brazenly dismissed investor input and has refused to even acknowledge that long-term shareholders have had to endure staggering underperformance over every relevant time horizon. As shareholders consider how to vote in the final days of this consent solicitation process, we believe it is important to focus on an irrefutable fact: Ziopharm's attempts at incremental and self-directed boardroom change have only fueled more shareholder suffering over the past five years. This is why we have invested considerable energy, resources and time in this campaign to offer shareholders the right solution at the right time. We cannot continue to roll the dice on Ziopharm's perpetual promises of nearing a so-called turning point that has remained consistently elusive..."
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PHG | Hot Stocks09:11 EST Philips introduces DreamWear Silicone Pillows - Royal Philips introduced DreamWear Silicone Pillows to the innovative DreamWear system of masks in North America. The all-silicone pillow cushion was designed using data from thousands of 3D facial scans to anatomically conform to fit and seal various nostril shapes and sizes across populations. Aiming to address mask refit and therapy adherence challenges for both patients and providers, DreamWear Silicone Pillows is the latest addition to Philips' modular DreamWear platform designed to simplify set-up by offering multiple cushion options on one mask frame. This modularity allows for easy and efficient exchange of cushions during tirtrations with minmal disruptions during the setup process. The unique, data-driven design of DreamWear Silicone Pillows is now available for sizing via Philips Mask Selector, a pairing that helps to reduce costs associated with fitting time and mask waste.
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EXPI | Hot Stocks09:11 EST eXp World Holdings expands real estate operations into Portugal - eXp World Holdings announced its expansion into Portugal, under the eXp Portugal banner. Portugal represents the seventh international expansion for the company. In addition to its robust U.S. presence, eXp Realty also operates in Australia, Canada, India, Mexico, South Africa, and the United Kingdom, with more than 39,000 agents across the globe.
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APPN ACN | Hot Stocks09:11 EST Appian, Accenture Federal Services announce collaboration - Appian (APPN) announced a collaboration with Accenture Federal Services, a subsidiary of Accenture (ACN), to further simplify the federal acquisition process through low-code automation. Through the joint effort, AFS is developing new delivery accelerators to enhance Appian's Acquisition Solutions, which simplify the acquisition process and validate that the process fully complies with the Federal Acquisition Regulations for defense and civilian agencies, their supplements and policies.
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RAMP | Hot Stocks09:09 EST LiveRamp, Nativo announce partnership - Nativo announced a partnership with LiveRamp to deliver people-based addressability across the open web. Nativo offers advertisers the ability to reach specific audiences with unique content marketing opportunities and native formats. Through Nativo's integration with LiveRamp, advertisers and publishers will be able to improve personalized content experiences for consumers and simultaneously enable enhanced targeting, measurement and monetization. Through this partnership, Nativo will also provide its network of publishers access to LiveRamp's Authenticated Traffic Solution so publishers can connect their addressable inventory to advertiser demand. ATS enables a three-way value exchange among brands, publishers and consumers: consumers retain control over the use of their data, publishers deliver valuable content experiences and brands enhance customer interactions through improved personalization.
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WGO | Hot Stocks09:09 EST Winnebago releases 2020 corporate responsibility report - Winnebago Industries outlines the company's environmental, social and governance performance progress and COVID-19 response in its 2020 Corporate Responsibility Report. Throughout the Winnebago, Grand Design RV, Chris-Craft and Newmar brand families, 2020 was about caring for people-employees, communities and customers. Report highlights include: Winnebago Industries Environment, Social and Governance priority topics are ethics and integrity, human capital, safety, community, waste, energy and emissions, and product sustainability. During fiscal year 2020, Employees and the company cared for colleagues, communities and customers by directing resources to sew and donate masks and PPE and contributing early to COVID-19 community response funds in Florida, Indiana, Iowa and Minnesota. The Winnebago Industries Foundation, company leaders and employees contributed to establish the WGO Together Fund, providing immediate relief to more than 850 employees experiencing financial hardship due to the pandemic. Winnebago Industries maintained a steady, year-over-year safety record, despite an unprecedented pandemic-induced suspension and resumption of operations and integrating Newmar into enterprise operations. Since 2016, the company has reduced Total Recordable Incidence Rate by 70 percent. Winnebago Industries accelerated its commitment to diversity, equity and inclusion by listening deeply to employees and communities. The company has committed to an ongoing journey to build an inclusive workplace where all employees feel a sense of belonging and to advance outdoor equity. Michael Happe joined a coalition of 1,300+ like-minded CEOs, representing 13+ million employees, in signing the CEO Action for Diversity and Inclusion commitment. On the water or on land, Chris-Craft, Grand Design RV, Newmar and Winnebago products provided respite for customers seeking safe and distant ways to reconnect with the outdoors and each other. Winnebago's On the Road Again campaign supported the National Park Foundation, while helping Americans imagine their next great adventure. Chris-Craft, Grand Design RV and Newmar owners shared their stories with No Barriers outdoor enthusiasts of all abilities and walks of life at the 2020 virtual summit, and Winnebago Industries employees partnered with the Minnesota Vikings Table food truck, a Winnebago Specialty Vehicle, to alleviate summer hunger and provide jobs to restaurant workers impacted by the pandemic. Winnebago Industries efforts to minimize waste and explore alternative energy sources continue, with instrumental baseline data collection and promising product and operations innovation.
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BSVN | Hot Stocks09:08 EST Bank7 raises quarterly dividend 10% to 11c from 10c per share - The dividend will be paid on January 7, 2021, to shareholders of record as of the close of business on December 22, 2020.
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AJG | Hot Stocks09:06 EST Arthur J. Gallagher acquires Cool Insuring Agency, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Queensbury, New York-based Cool Insuring Agency, Inc. Terms of the transaction were not disclosed. Founded in 1857, Cool Insuring Agency provides commercial, personal, and life & health insurance and consulting services to clients across the Northeastern United States from offices in Queensbury and Latham.
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MIDD | Hot Stocks09:06 EST Middleby acquires Wild Goose Filling - Middleby announced the acquisition of Wild Goose Filling, based in Louisville, Colorado. The company brands are Wild Goose, Inline Filling Systems and Meheen which together generate $35M in annual revenues. Wild Goose Filling is known for an advanced canning process which allows customers to minimize installation, set up and training costs while delivering can integrity. The company has also designed solutions to minimize dissolved oxygen in beverages and their solutions have given rise to the mobile canning industry.
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AMZN | Hot Stocks09:06 EST AWS announces Thomson Reuters has completed migration to AWS - Amazon Web Services announced that Thomson Reuters has successfully completed a large scale migration to AWS - a critical part of their digital transformation strategy - which will enable the company to innovate faster, develop and act on new insights, and become a more agile business in the cloud. As part of its ongoing move to the cloud, Thomson Reuters migrated thousands of servers and hundreds of revenue-generating applications to AWS. Expanding its longstanding relationship with AWS, Thomson Reuters is also leveraging AWS's unparalleled portfolio of cloud services including analytics, database, containers, serverless, storage, machine learning, and security to innovate new digital products for its customers and reveal greater insights into the industries it covers. Thomson Reuters provides highly specialized information-enabled software and tools for legal, tax, accounting, and compliance professionals, combined with Reuters, the world's global news service. Across these sectors, its products and tools help professionals better understand their industries, streamline operations, increase efficiencies, and mitigate risk. In 2018, Thomson Reuters partnered with AWS Professional Services, AWS Managed Services (where AWS operates infrastructure on a customer's behalf), and AWS Certified third-party experts from multiple consulting partners who provided hands-on expertise, day-to-day infrastructure management, and cost optimization. The decision to use these AWS resources enabled Thomson Reuters to complete this migration project five months ahead of schedule. By leveraging AWS Managed Services, Thomson Reuters moved hundreds of mission-critical, legacy applications from across their global business units to the cloud and into production quickly. To further streamline this migration, Thomson Reuters leveraged the AWS Marketplace to access simplified software contracting services to rapidly procure and integrate their preferred third-party software into their AWS environment.
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PRIM | Hot Stocks09:06 EST Primoris announces utility award valued over $36M - Primoris Services Corporation announced a three-year utility award valued at approximately $36M. The contracts were secured by the Utilities & Distribution segment. The award is for maintenance work on a high-pressure gas pipeline system for a major utility customer in Northern California. Work is scheduled to commence in the first quarter of 2021, and completion is expected in the fourth quarter of 2023.
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SYX | Hot Stocks09:05 EST Systemax announces special cash dividend of $2.00 per share - Systemax announced that its Board of Directors has declared a special cash dividend of $2.00 per share to shareholders of the company's common stock. The special dividend will be payable on December 28 to shareholders of record as of the close of business on December 18.
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VZ MSI | Hot Stocks09:05 EST Verizon, Motorola Solutions announce Group First Response solution - Verizon Public Sector (VZ) and Motorola Solutions (MSI) announce Group First Response, a mission-critical push-to-talk solution that leverages LTE to enable first responders to communicate seamlessly via voice, data and video across a variety of devices -- improving situational awareness and operational efficiency. Group First Response can be integrated with land mobile radio systems, extending interoperable push-to-talk communications to public safety users without radios or outside coverage areas.
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MSFT JCI | Hot Stocks09:04 EST Microsoft, Johnson Controls announce global collaboration - Johnson Controls (JCI) and Microsoft (MSFT) announced a global collaboration to digitally transform how buildings and spaces are conceived, built and managed. Microsoft also announced the general availability of Microsoft Azure Digital Twins. As a key partner for Azure Digital Twins, Johnson Control's OpenBlue Digital Twin is a comprehensive platform that will support the entire ecosystem of building and device management technologies with digital cloud technologies.
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AMZN VIAC | Hot Stocks09:04 EST AWS and ViacomCBS expand strategic pact to transform content creation/delivery - Amazon Web Services (AMZN), and ViacomCBS (VIAC) announced an agreement that makes AWS the preferred cloud provider for ViacomCBS's global broadcast media operations. As part of the strategic agreement, ViacomCBS will migrate operations for its entire broadcast footprint, which spans 425 linear television channels and 40 global data and media centers, to the world's leading cloud - one of the first such large-scale transformations in the media and entertainment industry. The migration will enable ViacomCBS to drive greater efficiencies and cost savings, simplify access to content for its licensing partners, and reliably deliver new viewing experiences to consumers by broadcasting and streaming content on any device. ViacomCBS will leverage AWS's industry-leading infrastructure and comprehensive cloud capabilities, including serverless, containers, databases, media services, analytics, and machine learning, to build a cloud-based broadcast and media supply chain operating model. This new cloud-based hub will help the broadcaster spin up new channels faster, dynamically assemble live content to optimize delivery over any distribution channel, add image and video analysis to applications, and automate workflows. ViacomCBS plans to use AWS Elemental media services as well as AWS machine learning technologies, including Amazon Rekognition (AWS's service that adds intelligent image and video analysis to applications) and Amazon SageMaker (AWS's service for building, training, and deploying machine learning models), to quickly scale video processing resources, automate workflows, and predict audience preferences. These capabilities will aid ViacomCBS in producing and streaming dynamic content and enabling efficient national and local news distribution on CBSN, CBS News's 24/7 digital streaming service. "We are expanding our strategic relationship with AWS to support our industry-leading technology and operations transformation," said Phil Wiser, Executive Vice President and Chief Technology Officer at ViacomCBS. "With AWS, we will be able to automate and streamline our processes for content production, licensing, and distribution to consumer streaming services and innovate faster to deliver improved customer experiences. We are thinking and acting aggressively to build on the major disruptions that ViacomCBS is bringing to the market with our leading global content and services. AWS's deep portfolio of services will help us unleash the power of content in new and interesting ways that benefit our advertisers, licensing partners, and streaming services."
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DTGI | Hot Stocks09:03 EST Digerati Technologies outlines strategic initiatives for 2021 - Digerati Technologies announced its strategic initiatives for calendar 2021 with a focus on continuing to drive long-term revenue growth, profitability, and build shareholder value. Digerati's operating subsidiary, T3 Communications, Inc., including recently acquired Nexogy and ActivePBX, now serves over 2,600 business customers and approximately 28,000 users, while generating over $14M in annual revenue. The annual EBITDA contribution from the recent acquisitions is $1.5M before additional improvements over the next several months from the anticipated operating efficiencies, synergies and cost savings. The Company's plan to successfully meet its corporate goals and objectives includes: A continued emphasis on its UCaaS/cloud communication business, which operates in a segment of the telecommunication industry that continues to experience solid growth as businesses migrate from legacy phone systems to cloud-based telephony systems and implement 'stay at home' teleworking environments. Enhancements to the Company's UCaaS solutions to include collaboration tools and integration with third-party systems that improves its business customers' internal communication and engagement with underlying customers. Continued enhancements to its broadband product portfolio with an emphasis on marketing leading-edge network and business continuity solutions like cloud WAN, also known as SD-WAN, to its customers, which the Company anticipates will increase average revenue per customer. Targeting a range of YoY organic revenue growth between 5% and 10% subject to the Company's balancing of resources between organic growth and integration of its acquisitions. Near-term, the Company will focus on the integration of its recently closed acquisitions while building on its solid operational and financial foundation of $14M in annual revenue. A disciplined approach to evaluating additional accretive acquisitions as it continues to target local and/or regional UCaaS/cloud telephony providers, which have excelled in their market with that "local" touch when serving their business customers. The Company will assimilate best practices from its acquisitions to optimize productivity and performance throughout the organization. Executing on its capital markets strategy to position the Company for an up-listing to a national U.S. stock exchange. A continued focus on the U.S. market of SMBs, of which a significant portion has not yet migrated to a UCaaS or cloud communication solution. A continued emphasis on the Company's channel strategy that enables its agents and Partners to offer cloud and session-based communication services to the enterprise market, primarily the SMB. Continued enhancement of its infrastructure and back office systems to streamline operations and automate processes for efficiency, all which support both its organic and acquisition growth model. Implementing a total support model for building a world-class service delivery and help desk organization. Digerati is participating in two high-growth areas driven by demand from the enterprise market. The global market for UCaaS solutions is forecasted to reach $96 billion in value by 2023 with growth in the U.S. driven by the digital transformation of SMBs while revenue from SD-WAN service providers is growing at 70% annually and is estimated to reach $8.05 billion worldwide by 2021. Approximately 95% of Digerati's revenue is contracted monthly recurring revenue.
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PLTR | Hot Stocks09:03 EST Palantir awarded $44.4M contract from FDA - Palantir announced it was awarded a $44.4M, three-year contract with the FDA. The contract will build on Palantir's existing partnership with the FDA by providing an enterprise data management and analytics solution for the Center for Drug Evaluation and Research, or CDER, and the Oncology Center of Excellence, or OCE, amongst their other technology investments. This contract represents Palantir's largest partnership with the FDA to date. Palantir's software will enable IT leadership, analysts, medical offices, consumer safety officers and others to use their data to its full potential and make critical information more accessible, governable, and secure as they assess the safety and efficacy of drugs and regulate the industry. Palantir will support the CDER and OCE's work by providing these organizations with a sophisticated system for integrating, organizing and making decisions based on their data. Palantir's software breaks down information silos and allows end users to see new connections and insights from data, while taking into account data governance and appropriate data permissions through granular access controls. The system will help CDER and OCE address gaps in their current IT capabilities, as well as support vital human drug review and other regulatory activities on behalf of CDER and OCE.
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AMGN | Hot Stocks09:01 EST Amgen's sotorasib granted FDA Breakthrough Therapy designation - Amgen announced that the U.S. FDA granted Breakthrough Therapy designation for its investigational KRASG12C inhibitor, sotorasib, for the treatment of patients with locally advanced or metastatic non-small cell lung cancer with KRAS G12C mutation, as determined by an FDA-approved test, following at least one prior systemic therapy.
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AIR | Hot Stocks09:01 EST AAR Corp. forms Aviation Safety and Training Oversight Committee - AAR announced that it has formed an Aviation Safety and Training Committee at the Board of Directors level. The ASTC will be comprised of three independent directors, with retired United States Air Force General Duncan McNabb, who last served as the ninth Commander, United States Transportation Command, serving as Chair, and Robert Leduc and Jennifer Vogel joining him as committee members. The ASTC will assist the Board in the oversight of aviation safety matters relating to AAR's operations, including training employees, promoting a robust safety
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AYI | Hot Stocks08:59 EST Acuity Brands publishes 2020 ESG report - Acuity Brands recently published the Company's 2020 Environmental, Social and Governance report. The report describes the Acuity Brands ESG program, entitled EarthLight, and the related actions the Company is taking to help customers improve their impact on the environment and to benefit the lives of its associates and their local communities. The report also emphasizes the Company's ongoing commitment to transparency and integrity in its business practices. Results identified in the Company's fiscal 2020 ESG report include impact in several key areas: Energy Savings for Customers: Provided a series of lighting and controls products and services offering customers a potential energy savings of up to 13.3 billion kWh, which compares to as much power as 2.4 coal-fired power plants generate in a year. Carbon Reduction: Removed an estimated 6,535 metric tons of carbon emissions associated with the Company's use of raw materials. COVID-19: Rapidly developed new products to help address this and future pandemics; adjusted operations to move associates to remote work and provide enhanced social distancing and PPE for on-site associates; expanded policies to cover exposures, self-quarantines and school closures; and donated PPE to local front-line healthcare workers. Other areas addressed in the report include energy reduction at company facilities, community and associate engagement, diversity and inclusion, and governance.
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UPS | Hot Stocks08:59 EST UPS says 'network running smoothly,' cites 'industry-leading' on-time deliveries - UPS issued the following statement: "UPS continues to deliver on customer expectations and the company's network is running smoothly heading into the second week of December...UPS works closely with our customers to align volume with capacity during the holidays and throughout the year; this collaboration has been particularly strong this year... UPS has invested in its physical network as well as in our people - those efforts have allowed the company to fine-tune capacity and delivery, and align it with our customers' needs." UPS CEO Carol Tome added: "UPS is running one of the most successful peak holiday shipping seasons ever. With great discipline and precision, we are delivering industry-leading on-time delivery performance - all part of our focus on ensuring we maintain a reliable delivery network that all of our customers can depend on. A huge thank you goes to each of our UPS frontline heroes, who are the heartbeat of our company. Because of them, we also stand ready to begin delivering vaccines as soon as they are available for distribution." Reference Link
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IGXT | Hot Stocks08:59 EST IntelGenx announces issuance of shares in payment of interest on debentures - IntelGenx Technologies announces that it intends to issue 899,940 common shares of the Corporation at a deemed price of CAD $0.335 per Common Share in payment of an aggregate of $301,480 in interest owing on the Corporation's 8.00% convertible unsecured subordinated debentures due June 30, 2022. Under the terms of the trust indenture governing the Debentures, the Corporation has the option to pay the semi-annual interest on the Debentures in either cash or Common Shares, subject customary conditions set forth in the Indenture. The issuance of the Common Shares in payment of interest on the Debentures is subject to the acceptance by the TSX Venture Exchange Inc. The Common Shares issued in payment of interest on the Debentures will be issued pursuant to exemptions from the prospectus requirements of applicable securities laws.
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LUNG... | Hot Stocks08:58 EST Pulmonx appoints Georgia Garinois-Melenikiotou, Thomas Burns to board - Pulmonx Corporation (LUNG) welcomes Georgia Garinois-Melenikiotou and Thomas Burns to its Board of Directors. Both Directors joined the Pulmonx Board in October 2020 in connection with Pulmonx's initial public offering. Georgia Garinois-Melenikiotou previously led Estee Lauder's (EL) global corporate marketing function as Executive Vice President of Corporate Marketing where she was a member of Estee Lauder's Executive Leadership team. Thomas Burns is the President, CEO and a member of the board of directors of Glaukos Corporation (GKOS).
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ALCO | Hot Stocks08:54 EST Alico raises quarterly dividend 100% to 18c per share - On October 9, 2020, the Company paid a fourth quarter cash dividend of 9c per share on its outstanding common stock to stockholders of record as of September 27, 2020. Additionally, the Company has declared a first quarter of fiscal year 2021 dividend of 18c per share on its outstanding common stock to stockholders of record as of December 24, 2020.
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SWDAF CASA | Hot Stocks08:49 EST Casa Systems announces Software AG Cumulocity IoT partnership - Casa Systems (CASA) announced the integration of its portfolio of IoT devices with Software AG's (SWDAF) Cumulocity IoT Platform. Targeting smart transport, environmental monitoring, smart metering, automation, physical security and other industrial use cases, the combination of Casa's IoT devices and simplified management at scale will enable service providers to quickly create new IoT revenue streams across a diverse set of use cases. Software AG's Cumulocity IoT is a self-service platform that simplifies IoT environments with a large number of devices and applications. Encompassing device connectivity and management, application enablement and integration, and streaming and predictive analytics, Cumulocity IoT allows users to connect and manage any asset, as well as analyze any amount of data automatically and in real time. By natively integrating Software AG's Cumulocity IoT with Casa's IoT devices, service providers can take advantage of Casa's powerful and dependable range of devices that include secure, high-performance routers and antennas in various form factors. Casa's devices easily integrate with existing platforms and have the flexibility to support a variety of industrial applications. Key to the integration is Cumulocity IoT's Cloud Fieldbus capability for Modbus. It provides no-code integration and industrial-strength security without VPN for bi-directional connections to industrial machines. This reduces the time to establish new connections from hours to minutes and allows subsequent connections to be fully automated.
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ORBT | Hot Stocks08:48 EST Orbit International's Electronic Group receives two orders in excess of $1.1M - Orbit International announced that its Electronics Group, received two new orders at the beginning of December 2020 for display units and keyboards valued in excess of $1,200,000. Deliveries are scheduled to commence in the third quarter of 2021 and continue through the second quarter of 2022. In addition, the Company reported that its Power Group received new orders for its VPX power supplies in the month of November that put its current year to date VPX bookings ahead of its VPX bookings for the entire 2019 year, despite challenges related to testing of the units due to the COVID-19 pandemic.
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CWT | Hot Stocks08:47 EST Hawaii Water Service to acquire Keauhou wastewater system - Hawaii Water Service has entered into an agreement with Keauhou Community Services to acquire its wastewater system assets and provide wastewater utility service to its customers in Keauhou on the island of Hawaii. The purchase is subject to due diligence and approval by the Hawaii Public Utilities Commission. KCSI serves more than 1,500 residential, hotel, and commercial customers, along with the Keauhou Bay Facility and Kahaluu Beach Park, and provides effluent to Kona Country Club, Inc. for golf course irrigation. Hawaii Water has already been operating the Keauhou system since 2018 through an operation and maintenance contract. The utility will continue to invest in local wastewater system infrastructure to keep service reliable for customers and protect the environment.
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MFON | Hot Stocks08:46 EST Mobivity Holdings appoints Lisa Brennan as CFO - Mobivity Holdings announced the appointment of Lisa Brennan as CFO. Brennan was recently the CFO at Merchant Customer Exchange, a mobile payment technology business.
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NEOG | Hot Stocks08:46 EST Neogen launches new preventative care DNA test, Igenity Canine Wellness - Neogen announced that it has launched Igenity Canine Wellness, a preventative care DNA screening tool for veterinarians. Genetic background can influence health, physical traits and behavior in dogs. Igenity Canine Wellness addresses this by predicting a percentage of the heritable component for relatively common, actionable diseases. Awareness of genetic risks allows veterinary professionals to make more informed recommendations on diet, diagnostic screening, and lifestyle to enable a longer and happier life for each pet and their family.
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POETF | Hot Stocks08:45 EST Poet Technologies launches LightBar solution for data centers - POET Technologies announced that it has completed and tested its designs for a line of high-performance remote laser light source products for 400G FR4, 800G and Co-Packaged Optics applications in Cloud Data Centers, named LightBar. For makers of conventional and Silicon Photonics-based optical transceivers, the LightBar product line offers a fully aligned, tested, and multiplexed laser light source attached to an output fiber, eliminating the difficult and costly step of four laser alignments in optical transceivers. For makers of next generation network switches that require the combination of switch components and optical components in a single package, commonly referred to as "Co-Packaged Optics", using LightBar products will reduce heat generation within the package, which is a common cause of component failure. When used as a remote laser source, POET's LightBar is expected to improve overall system reliability for both transceiver and CPO applications by offering the ability to replace failed laser assemblies in the field, without disturbing other components and sub-assemblies. Laser failures have proven to be the cause of a large majority of sub-assembly failures in both optical transceivers and co-packaged optics applications.
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CMCO | Hot Stocks08:43 EST Columbus McKinnon announces Intelli-Guide Auto-Dispatch System - Columbus McKinnon Corporation has expanded its Intelli-Crane family of automation solutions with the new Intelli-Guide Auto-Dispatch System. Using Magnetek radios, drives and automation programming integrated with motors and brakes, Intelli-Guide allows operators to automatically send a load to different pre-programmed areas in a facility with the push of a button. As the load moves to the programmed destination along a determined route, the operator can work on a different task or start on the next step of the production process, increasing productivity and efficiency.
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DXC | Hot Stocks08:41 EST SEG Automotive signs 5-Year outsourcing contract with DXC Technology - DXC Technology announced that it has signed a 5-year renewal of its IT outsourcing contract with SEG Automotive Germany GmbH, a leading global supplier of hybrid e-machines, starter motors and generators. SEG Automotive selected DXC for its ability to run reliable, optimized and secure mission-critical systems, and its deep understanding of SEG's business culture. As part of the contract, DXC will manage SEG Automotive's local data center. This will help SEG to simplify and optimize their existing IT investments and provide a path to move portions of their IT estate to the cloud, thereby reducing the burden on internal staff and driving innovation and additional cost savings. The data center will be managed through a hybrid strategy using a combination of DXC's virtual private cloud and Microsoft Azure, with additional automation provided by Platform DXC. By introducing PDXC the efficiency and reliability of incident management will increase. Rino Ariganello, DXC's automotive industry general manager for North and Central Europe, said: "The services we will provide as the 'new DXC' will help SEG Automotive enjoy numerous benefits such as cost optimization and risk reduction, as well as benefit from critical security, cloud and applications capabilities across the entire Enterprise Technology Stack." SEG Automotive's system costs have been reduced by approximately 20% and an upgrade of the local data center infrastructure will contribute to minimizing overall operational risks. "The DXC team's flexibility, constructiveness and their deep understanding of SEG Automotive's business and requirements were the key success factors for this continued partnership," said Thomas Flesch, Global Lead Buyer IT at SEG Automotive Germany.
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DXC | Hot Stocks08:41 EST SEG Automotive signs 5-Year outsourcing contract with DXC Technology - DXC Technology announced that it has signed a 5-year renewal of its IT outsourcing contract with SEG Automotive Germany GmbH, a leading global supplier of hybrid e-machines, starter motors and generators. SEG Automotive selected DXC for its ability to run reliable, optimized and secure mission-critical systems, and its deep understanding of SEG's business culture. As part of the contract, DXC will manage SEG Automotive's local data center. This will help SEG to simplify and optimize their existing IT investments and provide a path to move portions of their IT estate to the cloud, thereby reducing the burden on internal staff and driving innovation and additional cost savings. The data center will be managed through a hybrid strategy using a combination of DXC's virtual private cloud and Microsoft Azure, with additional automation provided by Platform DXC. By introducing PDXC the efficiency and reliability of incident management will increase. Rino Ariganello, DXC's automotive industry general manager for North and Central Europe, said: "The services we will provide as the 'new DXC' will help SEG Automotive enjoy numerous benefits such as cost optimization and risk reduction, as well as benefit from critical security, cloud and applications capabilities across the entire Enterprise Technology Stack." SEG Automotive's system costs have been reduced by approximately 20% and an upgrade of the local data center infrastructure will contribute to minimizing overall operational risks. "The DXC team's flexibility, constructiveness and their deep understanding of SEG Automotive's business and requirements were the key success factors for this continued partnership," said Thomas Flesch, Global Lead Buyer IT at SEG Automotive Germany.
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TDAC | Hot Stocks08:40 EST Lottery.com app available on Google Play Store - Lottery.com announced that its flagship app is now available on the Google Play Store as a free download. This extends its services to the Android platform and provides Android users in select locations the ability to request the purchase of lottery tickets for their respective state lottery games, along with providing users all over the world lottery results for over 600 games in 38 countries in real-time. On November 19, 2020, Lottery.com announced a binding letter of intent to combine with Trident Acquisitions Corp., which would make Lottery.com a publicly traded company on The Nasdaq Stock Market.
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TPTX | Hot Stocks08:39 EST Turning Point granted breakthrough therapy designation for repotrectinib - Turning Point Therapeutics announced its lead drug candidate, repotrectinib, has been granted breakthrough therapy designation by the Food and Drug Administration for the treatment of patients with ROS1-positive metastatic non-small cell lung cancer who have not been treated with a ROS1 tyrosine kinase inhibitor. Turning Point plans to present updated TRIDENT-1 Phase 2 study data from patients with TKI-naive ROS1-positive NSCLC during a mini-oral presentation at the World Conference on Lung Cancer on Jan. 31, 2021. The breakthrough therapy designation for repotrectinib was supported by the initial data from TKI-naive ROS1-positive NSCLC patients enrolled in the Phase 1 and Phase 2 portions of the TRIDENT-1 study, which is currently evaluating patients in multiple potentially registrational cohorts. Repotrectinib was previously granted three Fast Track designations by the FDA, in ROS1-positive NSCLC patients who are TKI naive, ROS1-positive NSCLC patients who have been previously treated with one prior platinum chemotherapy and one prior ROS1 TKI, and NTRK-positive patients with advanced solid tumors who have progressed following treatment with at least one prior line of chemotherapy and one or two prior TRK TKIs.
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ARNA | Hot Stocks08:39 EST Arena Pharmaceuticals achieves target enrollment for Phase 3 ELEVATE UC 52 trial - Arena Pharmaceuticals announced that it has achieved its targeted enrollment goal of 372 participants in the Phase 3 ELEVATE UC 52 trial evaluating the safety and efficacy of once-daily etrasimod, a highly selective, once-daily, oral sphingosine 1-phosphate receptor modulator, in participants with moderately-to-severely active ulcerative colitis. "We are pleased that we have achieved our target enrollment and maintained momentum, conduct, and timelines across the global ELEVATE UC program. While we have achieved our enrollment goal for the ELEVATE UC 52 trial, we have made the decision to extend screening an additional three weeks based on the high number of participants that we currently have in the screening queue. We continue to expect topline data from both the ELEVATE UC 52 and UC 12 trials in Q1 2022. We remain highly focused on successful clinical trial execution with careful attention to data integrity and the safety of the trial participants," stated Sheldon Sloan, MD, Vice President and Global Team Leader, Etrasimod, at Arena.
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STT | Hot Stocks08:39 EST State Street announces extension of servicing agreement with GIM - State Street announced that it has extended its investment servicing relationship with Glenmede Investment Managemen and the Glenmede Funds, which are managed by GIM. As part of these renewals, State Street will continue to provide global custody, accounting, fund administration and transfer agency solutions for the Glenmede Funds. In addition, in line with State Street's front-to-back offering, GIM will be taking advantage of State Street's outsourced non-US equity trading and middle office services for GIM's international equity strategy. "We are very pleased to expand on our relationship with GIM and the Glenmede Funds," said Ellyn Charters, senior vice president at State Street. "We are committed to partnering with each of our clients to help them generate and sustain growth. I believe that State Street is uniquely positioned to help our clients navigate the complexities of today's market, and that our solutions are helping drive value and create efficiencies on behalf of our client's stakeholders."
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MDT | Hot Stocks08:38 EST Medtronic launches pediatric, neonatal acute dialysis machine in U.S. - Medtronic announced the U.S. commercial launch of the Carpediem Cardio-Renal Pediatric Dialysis Emergency Machine. Following the U.S. FDA's marketing authorization, granted earlier this year, the first Carpediem systems in the United States were successfully installed and are in use at Cincinnati Children's Hospital Medical Center. The first of its kind Carpediem system is indicated for use in acute kidney injury or fluid overloaded patients requiring hemodialysis or hemofiltration therapy. It is intended to provide continuous renal replacement therapy to patients weighing between 2.5 and 10 kilograms.
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CALX ARLO | Hot Stocks08:37 EST Calix partners with Arlo expanding CSP's ability with the Revenue EDGE - Calix (CALX) announced the addition "of a leading internet-connected camera brand Arlo Technologies (ARLO) to the expanding ecosystem of Revenue EDGE solutions." Calix will offer the revenue-generating Arlo connected camera solution as part of EDGE Suites so communications service providers can deliver industry-leading video monitoring and do-it-yourself security to their subscribers. This new offering will be fully integrated into the Calix Cloud platform, meaning CSPs can quickly go to market with almost zero integration (as the new service is pre-integrated into Calix Support Cloud) and achieve the highest level of sales success through the power of real-time behavioral data with Calix Marketing Cloud. The Arlo offering is particularly exciting for CSPs that have invested in fiber networks as it allows subscribers to add a powerful service that leverages the upload potential of a symmetrical fiber offering. Arlo is a pioneer in the industry and provides wireless connected cameras, floodlights, and video doorbells to help consumers secure people and their property. By leveraging connected camera capabilities from Arlo through the EDGE Suites, CSPs can expand their services via a fully managed experience that leverages the existing EDGE Suite offerings such as ProtectIQ for device security. With the addition of the Arlo offering to the Revenue EDGE solution, a CSP will be able to:
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AAPL | Hot Stocks08:37 EST Apple to launch Fitness+ on December 14 - Apple announced Fitness+, the first fitness experience built around Apple Watch, is launching December 14. Apple Fitness+ brings studio-style workouts to iPhone, iPad and Apple TV incorporating workout metrics from Apple Watch for a personalized experience users can complete wherever and whenever. Apple Fitness+ will launch with 10 of the most popular workout types, including high intensity interval training, or HIIT, strength, yoga, dance, core, cycling, treadmill, rowing and mindful cooldown.
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MNPR | Hot Stocks08:36 EST Monopar Therapeutics intiates Phase 2b/3 trial of Validive - Monopar Therapeutics announced that its Phase 2b/3 clinical trial of Validive for the prevention of chemoradiotherapy-induced severe oral mucositis in patients with oropharyngeal cancer is active and recruiting patients. The completed Phase 2 trial showed the incidence of SOM in OPC patients receiving Validive 100 microgram to be 40% lower compared to those receiving placebo. It is estimated there will be greater than 40,000 new OPC patients in the U.S. alone in 2021, the majority of whom will be treated with chemoradiation and run substantial risk of developing SOM. Currently, there is no FDA approved preventive or treatment for SOM in these patients, emphasizing the clear unmet medical need in this patient population. Up to approximately 260 patients will be enrolled in this multi-center, randomized, double-blind, placebo-controlled, Phase 2b/3 clinical trial. The trial includes an interim analysis, which is anticipated to be reached approximately twelve months after the first patient is dosed.
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CYRX | Hot Stocks08:36 EST Cryoport, CCRM enter three-year agreement - Cryoport announced a three-year agreement with the Colorado Center for Reproductive Medicine, a global pioneer in fertility science, research and advancement. Under the terms of the agreement, Cryoport's temperature-controlled solutions will support CCRM's fertility treatments, including in vitro fertilization, fertility preservation, third-party reproduction and egg donation. CCRM will utilize Cryoport's world-class temperature-controlled supply chain management and informatics platform to process cryogenic shipments of human eggs and embryos throughout its network with the mission of helping intended parents grow their families. CCRM's network is made up of 11 centers in North America staffed by over 40 physicians, 22 PhD's and 560 dedicated employees. In addition to Cryoport assuming responsibility for all cryogenic logistics activity, Cryoport expects to extend its support to include shipments at -80 degrees C using its C3 line of shippers as CCRM achieves scale.
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HRB | Hot Stocks08:35 EST H&R Block to present next phase of strategic transformation - H&R Block will introduce its Block Horizons strategy, the next phase of the company's strategic transformation. This builds on previous work to strengthen the company's foundation, and will position it for long-term, sustainable growth. At the virtual event, CEO Jeff Jones, CFO Tony Bowen, and other members of the senior leadership team will provide an in-depth look at the three strategic imperatives that comprise the company's new long-term strategy. These imperatives-Small Business, Financial Products, and Block Experience-will enable H&R Block to serve more customers, in more ways, by better leveraging existing assets. They build on the company's current business and encompass a new approach to the customer experience. Today's event will include details on how Block will execute on its strategy during the upcoming tax season and beyond. Block Horizons imperatives will guide the company to growth Block Horizons includes three strategic imperatives grounded in customer insight, market testing and a solid base of current business. They will guide the company's path to achieving its financial and operational goals. Small Business: Building on an already-significant base of 2.4 million small business customers, the company will go to market with two small business brands: Wave and Block Advisors. Through this imperative, H&R Block seeks to further strengthen the spirit of entrepreneurship and enable small business owners to thrive, particularly as they lead the country's growth post-pandemic. Financial Products: With approximately one-third of H&R Block's 20 million tax customers being under-banked, the company will build on its Emerald Debit Card program, which today is linked to the tax event, to develop a year-round mobile banking platform. In addition, products like Wave Money will make spending and accounting for business transactions easier than ever by automatically bookkeeping business expenses and helping small business owners always be ready for tax time. These products aim to create financial confidence in consumers and small business owners. Block Experience: H&R Block is reimagining tax preparation for a digital-first world, blending technology and data with human expertise and care. This includes enabling clients to take advantage of all of Block's capabilities, whether in-person, digital or a mix of both. MyBlock is the mobile hub that connects tax professionals and customers and becomes the platform to create deeper engagement. H&R Block also updated its financial principles to reflect the company's new long-term strategy, including: Annual revenue growth goal of 3-6% annually; EBITDA growing as fast or at a faster rate than revenue; Redeployment of savings to the highest ROI opportunities; Maintaining a strong balance sheet and access to liquidity to support growth investments; Returning capital to shareholders through dividends and share repurchases. H&R Block will also provide an update on how the company plans to measure and manage the business going forward and will provide its outlook for fiscal year 2021.
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AAPL | Hot Stocks08:34 EST Apple introduces AirPods Max over-ear headphones - Apple announced AirPods Max, wireless headphones that bring AirPods to an over-ear design with high-fidelity sound. AirPods Max combine a custom acoustic design, H1 chips, and advanced software to power computational audio for a listening experience with adaptive EQ, active noise cancellation, transparency mode and spatial audio. AirPods Max come in five colors and are available to order starting immediately, with availability beginning December 15.
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T | Hot Stocks08:34 EST AT&T awarded contract by FBI valued at approximately $92M - The Federal Bureau of Investigation is expanding its usage of FirstNet, awarding AT&T a mobility contract for additional FirstNet capabilities to support the FBI's day-to-day and emergency operations. The agreement, valued at approximately $92M, is the largest commitment to FirstNet by a law enforcement or public safety agency.
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WFC | Hot Stocks08:34 EST Wells Fargo CEO: Credit risk management 'deeply embedded' in company
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SINO | Hot Stocks08:33 EST Sino-Global announces LOI to acquire 51% of Shenzhen Jiayoubao Mobile Internet - Sino-Global announced that the company has entered into a non-binding letter of intent to acquire 51% of Shenzhen Jiayoubao Mobile Internet Co., Ltd. Pursuant to the terms of the LOI, Sino-Global has agreed to pay approximately $1.1M of shares of its common stock, based on the average closing bid price for the consecutive thirty trading days prior to the execution date of the definitive purchase agreement. Founded in 2014, Jiayoubao is an innovative mobile Internet company. Through its "Didi Jiayou" technology platform, Jiayoubao engages in mobile refueling, location based service map navigation, QR code mobile payments, online financial management, mobile app development, and IT operations. Didi Jiayou has been well integrated into the industry's sales strategies and customer-facing experiences, and its platform serves over 70M users. Through this acquisition, SINO will be more effectively integrated into the current transport capacity resources of the transportation logistics supply chain while furthering its own technological content.
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NTCT VOD | Hot Stocks08:32 EST NetScout extends long-term partnership with Vodafone - NetScout (NTCT) announced the extension of its long-term partnership with Vodafone (VODA). The exclusive, multi-year agreement leverages NetScout's InfiniStreamNG platform to help provide real-time, end-to-end visibility across Vodafone's hybrid environment. NetScout 's agreement covers the virtual and 5G environments across all of Vodafone's European operations and Vodafone Group entities and services.
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POWW | Hot Stocks08:29 EST AMMO reports backlog of $135M in booked orders as of Dec. 1 - AMMO is providing a corporate update amidst unprecedented demand in the U.S. domestic and International commercial ammunition markets. AMMO has a current record backlog of $135M in booked orders as of December 1, 2020-the largest in Company history.
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WFC | Hot Stocks08:28 EST Wells Fargo CEO: Pandemic has 'no doubt' made things more complicated
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WFC | Hot Stocks08:28 EST Wells Fargo CEO: 'We have to do the work' on consent orders
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WFC | Hot Stocks08:27 EST Wells Fargo to report new segments, details in January earnings - CEO Charlie Scharf is speaking at the Goldman Sachs U.S. Financials Services Conference.
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KDNY | Hot Stocks08:27 EST Chinook announces license agreement with Morehouse School of Medicine - Chinook Therapeutics announced that it has entered into a license agreement with Morehouse School of Medicine for certain patents supporting the development of therapeutics in kidney diseases that disproportionately affect people of West African descent and underserved communities. Under the terms of the agreement, Chinook has been granted an exclusive, worldwide, sublicensable, royalty-bearing right and license under certain patents related to methods and compositions for the treatment and detection of kidney diseases, including HIV-associated nephropathy and/or focal segmental glomerulosclerosis using endothelin-1 receptor antagonists, to develop and commercialize therapeutic products. Terms of the license agreement have not been disclosed.
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ARLO CALX | Hot Stocks08:26 EST Arlo Technologies announces partnership with Calix - Arlo Technologies (ARLO) announced a strategic partnership with Calix (CALX). The relationship enables expanded distribution of Arlo's award-winning smart home security products and services to customers in local markets across the U.S. and Canada via local Communications Service Providers. Calix will work with trusted community CSPs to educate new consumers on the beneits of Arlo's leading home security solutions.
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STMH DRVD | Hot Stocks08:25 EST Stem Holdings announces product lineup for 2021 - Stem Holdings (STMH) announced that they will be starting 2021 with an exciting line-up of disruptive products beginning in Oregon and launching in all markets in which Stem operates. Stem has added a cutting-edge extraction laboratory to its commercial kitchen capabilities for full integration in production of these value-added, margin-accretive products. The pending acquisition of Driven Deliveries, Inc. later this month (DRVD) will support new distribution in current and new markets. Cannavore Cannabis Confections - Just in time for the holidays, Stem's Cannavore is launching two flavors for its award-winning caramels - Irish Cream and Hazelnut - two on trend flavors complementing our original Salted Caramel. Made with full spectrum solventless bubble hash, they are rich in cannabinoids and terpenes for consistent dosing and effectiveness. Dose-ology Topicals - To condition skin all year round, Stem's Dose-ology brand is launching its first cannabis-infused topicals featuring lotion, massage oil, and facial serum. Made with THC concentrate from Stem's own TJ Gardens award-winning brand of cannabis, Dose-ology will feature the exact dose recommended by Stem Medical Holdings' team led by Dr. Drore Eisen, to assure consumers that they will experience optimal products benefits with each and every usage. Dose-ology CBD Topicals - Dose-ology will also enter the mass market with a line-up of four new broad-spectrum CBD-infused topical products that reflect Stem's commitment to efficacious dosing and performance. They will initially be sold at select retailers and in e-commerce. The hemp grown for these products features patent-pending genetics that resist powdery mildew, and continues to be part of Stem's work with Cornell University's School of Agriculture.
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VRSK | Hot Stocks08:23 EST Nationwide joins Verisk Cyber Data Exchange - Verisk announced that Nationwide has joined the Verisk Cyber Data Exchange as part of a growing effort across the insurance industry to gain new insights into the rapidly changing world of cyber risk. By joining the Verisk Cyber Data Exchange, Nationwide will contribute premium and loss records to an expanding pool of aggregated, anonymized insurance data from participating cyber insurers around the world. In return, Nationwide will obtain access to an interactive platform powered by the Exchange and be able to use its robust analytics to better manage risks, develop products, build models, and guide strategic planning.
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VZ HPE | Hot Stocks08:21 EST Verizon expands SD WAN portfolio with Silver Peak - Verizon Business (VZ) is expanding its Software Defined-Wide Area Network portfolio to include the Silver Peak Unity EdgeConnect edge platform as a managed service offering. Recently acquired by Aruba, a Hewlett Packard Enterprise (HPE) company, the addition of the Silver Peak EdgeConnect platform to Verizon's SD WAN portfolio provides enterprises with new optionality to transition to an SD WAN with integrated WAN Optimization environment for the management of business applications.
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GE | Hot Stocks08:21 EST GE Renewable Energy signs agreement with VNA to recycle blades from turbines - GE Renewable Energy announced that it has signed a multi-year agreement with Veolia North America, or VNA, to recycle blades removed from its U.S.-based onshore turbines during upgrades and repowering efforts. Through this agreement, GE plans to recycle the majority of blades that are replaced during repowering efforts. Veolia will process the blades for use as a raw material for cement, utilizing a cement kiln co-processing technology. VNA has a history of supplying repurposed engineered materials to the cement industry. Similar recycling processes in Europe have been proven to be effective at a commercial scale. As a part of the agreement, blades that have been removed from turbines will be shredded at VNA's processing facility in Missouri and then used as a replacement for coal, sand and clay at cement manufacturing facilities across the U.S. On average, nearly 90% of the blade material, by weight, will be reused as a repurposed engineered material for cement production. More than 65% of the blade weight replaces raw materials that would otherwise be added to the kiln to create the cement, and about 28% of the blade weight provides energy for the chemical reaction that takes place in the kiln.
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CSU FNMA | Hot Stocks08:20 EST Capital Senior Living completes transfer of Deer Park community to Fannie Mae - Capital Senior Living Corporation (CSU) announced it has completed the operational transfer of its independent living community in Deer Park, Texas, to Fannie Mae (FNMA), the holder of the community's non-recourse debt. The Deer Park community is the first of 18 properties the Company will transition to Fannie Mae under a cooperative process initiated in August, 2020. As previously announced, the Company plans to enhance liquidity and improve operating cash flow by eliminating underperforming operations and focusing on its core owned and managed portfolio. The Company will transfer the operations and ownership of the 18 Transition Communities, all of which are either underperforming or are in underperforming loan pools, to Fannie Mae. The Company expects all 18 of the community transitions to be completed by the end of the first quarter of 2021. The Company receives a monthly management fee of approximately $0.2 million for managing the 18 communities. The Company expects to extinguish $19.4M in debt related to the Deer Park community when the legal transfer is complete, which is expected to occur in January 2021. The transfer of all 18 communities will reduce the Company's debt by $217.7M and improve annual cash flow by approximately $10M. As part of its SING strategy to improve its operating performance and financial foundation, the Company has taken a number of actions, including asset sales, lease terminations and community transitions to other owners and operators. Upon completion of all asset transitions, the Company's portfolio is expected to consist of 68 senior living properties that primarily serve the fast-growing middle market senior population.
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KRON SNY | Hot Stocks08:18 EST Kronos Bio appoints Pasit Phiasivongsa as SVP, pharmaceutical development - Kronos Bio (KRON) announced the appointment of Pasit Phiasivongsa, Ph.D., as senior vice president, pharmaceutical development. He most recently served as senior vice president, technical operations, at Principia Biopharma, a Sanofi (SNY) company, where he led all CMC development, manufacturing and supply chain-related activities and built the company's technical operations organization.
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ZUO | Hot Stocks08:17 EST Zuora announce strategic partnership with Stripe - Zuora announced a strategic partnership with Stripe to accelerate the growth of the Subscription Economy. A new product integration will enable Zuora customers -- including Carbar, Intercom and Seiko Epson -- to enhance their subscription experience with advanced payment capabilities. IDC predicts that, by 2023, the global economy will reach a point of digital supremacy, whereby products and services from digitally determined organizations will make up over 50% of the global GDP. "Digitally determined" enterprises will be far more proactive than their peers in building out new partner ecosystems required to monetize and deliver digital services and consuming monetized digital services delivered through the partner ecosystems. "Winning subscription companies want to use the best technologies to build a competitive advantage," said Chris Battles, Chief Product Officer at Zuora. "We're thrilled to work with Stripe in an ecosystem of new world partners that helps to optimize and automate processes throughout our customers' journey in the Subscription Economy." Stripe's Chief Business Officer Billy Alvarado, said, "Stripe's mission is to grow the GDP of the internet, and this partnership with Zuora extends that goal by giving Zuora users access to the full capabilities of Stripe payments. With the internet powering a rapidly growing portion of the global economy, it's never been more important to provide subscription businesses with the economic infrastructure they need."
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SRTS | Hot Stocks08:16 EST Sensus Healthcare announces CMS sets rates higher for SRT reimbursement - Sensus Healthcare announces that the Centers for Medicare & Medicaid Services has issued a new, final reimbursement amount for CPT code 77401 of approximately $41 per treatment. CPT code 77401 covers the delivery of Superficial Radiation Therapy and this new amount represents a 66% increase from current levels. This is the first meaningful revaluation of CPT code 77401 since 2002. In addition to this revaluation, Evaluation & Management codes that CMS directs users of SRT to utilize also are increasing by double-digit percentages. All these increases are effective as of January 1, 2021.
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PFE BNTX | Hot Stocks08:15 EST FDA posts briefing document for panel review of Pfizer-BioNTech COVID-19 vaccine - In a briefing document ahead of the December 10 meeting of an expert panel to review the Emergency Use Authorization request made to FDA by Pfizer (PFE) and BioNTech (BNTX) for an investigational COVID-19 vaccine, BNT162b2, intended to prevent COVID-19 caused by severe acute respiratory syndrome coronavirus 2, or SARS-CoV-2, FDA staff stated in part that "safety data from approximately 38,000 participants 16 years of age or greater randomized 1:1 to vaccine or placebo with a median of 2 months of follow up after the second dose suggest a favorable safety profile, with no specific safety concerns identified that would preclude issuance of an EUA." This meeting of the Vaccines and Related Biological Products Advisory Committee, or VRBPAC, is being convened to discuss and provide recommendations on whether based on the totality of scientific evidence available, it is reasonable to believe that the Pfizer-BioNTech COVID-19 Vaccine may be effective in preventing COVID-19 in individuals 16 years of age and older, and the known and potential benefits of the Pfizer-BioNTech COVID-19 Vaccine outweigh its known and potential risks for use in individuals 16 years of age and older. Reference Link
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GE | Hot Stocks08:15 EST GE announces $4B of actions to further solidify financial position - GE announced a series of actions it took on December 7, as part of its plan to solidify its financial position, building on a series of transactions earlier this year: GE voluntarily pre-funded $2.5B of estimated minimum ERISA GE Pension Plan funding requirements for 2021, 2022, and into 2023. GE also repaid $1.5B of its intercompany loan to GE Capital. GE Chairman and CEO H. Lawrence Culp, Jr., said, "With these balance sheet actions, along with the series of proactive actions we've taken this year, we continue to execute on our commitment to solidify GE's financial position. With line of sight to at least $2.5B of Industrial free cash flow in the fourth quarter and positive free cash flow in 2021, these steps further reduce debt, de-risk our balance sheet, and put us on stronger financial footing to accelerate GE's transformation. We remain committed to maintaining elevated liquidity amid an uncertain environment and achieving our leverage goals over time." These actions reduced GE's pension deficit by $2.5B and reduced the intercompany balance, further simplifying GE. Including today's announced actions and scheduled maturities in the fourth quarter, GE will reduce debt by approximately $14.5B in 2020-including $9.6B in GE Industrial debt and $4.9B in GE Capital debt-and by approximately $28B since the beginning of 2019. GE had previously announced it would pre-fund approximately $4-5B in 2020 to meet its minimum ERISA pension funding requirements through at least 2022. Given better-than-expected pension asset performance in 2020, GE now pre-funded $2.5B for 2021, 2022, and into 2023.
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HEOFF | Hot Stocks08:15 EST H2O Innovation presents three-year strategic plan - H2O Innovation presents its first 3-year strategic plan aligning its long-term vision with key strategic objectives. These objectives and their progress over time will be regularly communicated to key stakeholders to ensure proper alignment at all levels within the framework of the 3-year strategic plan. The current Global Water market is estimated at $842 B for the year 2020. This market is expected to grow annually between 5 to 14% depending on the sub-market or geography. Fundamental drivers such as population growth, tightening regulations, water scarcity, and growing demand from agriculture and industries are just a few of the multiple factors influencing this expected growth. These market drivers would add pressure on existing infrastructure to become leaner and more efficient with their operations. To develop the 3-year strategic plan, the Corporation's executive team, in collaboration with the business line managers, has identified specific sub-markets and sub-segments to determine a current addressable market for H2O Innovation in the range of $4.5B. This addressable market is where the Corporation intends to continue its growth during the next three years, both organically and through mergers and acquisitions. The Corporation intends to build out its businesses in a way that will enhance cross-selling opportunities, maximize customer synergies and retention, and improve its operational efficiency. By the end of fiscal year 2023, the current goal is to expand H2O Innovation's adjusted EBITDA margin above 11%. To reach this objective, focus will be put on improving the gross profit margin, reducing fix costs percentage over revenue, and completing acquisitions. In three years, it is expected to reach $175 to $250M in revenues, depending on the number of acquisitions completed. The Corporation is expecting to reduce its cost of goods sold and improving operational excellence by taking the following measures: leaner business processes in the acquired companies, implementation of comprehensive business intelligence solutions, smart procurement, rebranding & merger of the O&M business pillar, as announced last week, and pro-active health & safety practices. The Corporation should reduce its fix costs percentage over revenues by leveraging its centralized corporate support services. New innovative products will be developed and taken to market through the Corporation's large distribution network which will leverage the sales organisation and enable to increase the gross profit margin. The pipeline of acquisition targets is rich in opportunities and is diversified in size as well as company profile. The Corporation intends to complete between two to four acquisitions within the next 30 months. Based on its current situation and on financial forecasts, the Corporation has the ability and financial capacity to acquire complementary businesses. The intention is to do it without dilution for the shareholders, unless it is required to complete a significant transaction in size, and to remain disciplined in the multiple paid for these transactions. Most importantly, proper integration will be key to maximize sales and costs synergies.
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PFE BNTX | Hot Stocks08:15 EST FDA posts briefing document for panel review of Pfizer-BioNTech COVID-19 vaccine - In a briefing document ahead of the December 10 meeting of an expert panel to review the Emergency Use Authorization request made to FDA by Pfizer (PFE) and BioNTech (BNTX) for an investigational COVID-19 vaccine, BNT162b2, intended to prevent COVID-19 caused by severe acute respiratory syndrome coronavirus 2, or SARS-CoV-2, FDA staff stated in part that "safety data from approximately 38,000 participants 16 years of age or greater randomized 1:1 to vaccine or placebo with a median of 2 months of follow up after the second dose suggest a favorable safety profile, with no specific safety concerns identified that would preclude issuance of an EUA." This meeting of the Vaccines and Related Biological Products Advisory Committee, or VRBPAC, is being convened to discuss and provide recommendations on whether based on the totality of scientific evidence available, it is reasonable to believe that the Pfizer-BioNTech COVID-19 Vaccine may be effective in preventing COVID-19 in individuals 16 years of age and older, and the known and potential benefits of the Pfizer-BioNTech COVID-19 Vaccine outweigh its known and potential risks for use in individuals 16 years of age and older. Reference Link
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LCTX | Hot Stocks08:14 EST Lineage Cell Therapeutics provides OPC1 update - Lineage Cell Therapeutics provided an update on OPC1, its oligodendrocyte progenitor cell, or OPC, allogeneic transplant for the treatment of acute spinal cord injuries, or SCI. The company reported it has developed an enhanced differentiation process, leading to major improvements in production and quality of its OPC1 cell therapy drug product including: a new ready-to-inject formulation of OPC1, which enables clinical use at a much larger number of spinal cord treatment centers, accelerating enrollment for a larger and potentially registrational clinical trial; elimination of dose preparation, reducing overall preparation time from 24 hours to 30 minutes and cutting logistics costs by approximately 90%; a 10 to 20-fold increase in OPC1 production scale, sufficient to support late-stage clinical development and which can be further scaled to meet initial commercial use; a 50-75% reduction in product impurities; improvements in OPC1 functional activity, as assessed by cellular migration and secretion of key growth factors; development of 12 new analytical and functional methods for in-process quality control and release of improved product; elimination of all animal-based production reagents resulting in a xeno-free final product formulation, consistent with guidelines preferred by U.S. and European regulatory agencies and filing of patent applications on the process and product which, if allowed, are anticipated to have expiration dates in 2039 and 2040.
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ZUO | Hot Stocks08:13 EST Zuora to partner with Stripe to accelerate growth of 'Subscription Economy' - Zuora announced a strategic partnership with Stripe to "accelerate the growth of the Subscription Economy". The company states that its "new product integration will enable Zuora customers -- including Carbar, Intercom and Seiko Epson -- to enhance their subscription experience with advanced payment capabilities."
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ECOR | Hot Stocks08:13 EST electroCore announces topline results from PREMIUM II study - electroCore announced top-line results from its GM-US-10 study. Despite the early termination of the study in April 2020 due to the COVID-19 pandemic, all study endpoints, including several patient-assessed quality of life measures, showed benefit from non-invasive vagus nerve stimulation, with many endpoints showing a statistically significant improvement with nVNS compared to sham stimulation. In the predefined modified intent to treat population, which was the designated primary analysis population for the study, patients using gammaCore nVNS had 3.1 less migraine days over the final four weeks of the 12 week double blind study period versus the four weeks of the run-in period as compared to a decrease of 2.3 migraine days in the sham group. Within the mITT population, 44.9% of the subjects using gammaCore nVNS had at least a 50% decrease in the number of migraine days compared to 26.8% for those receiving sham stimulation. Patients using gammaCore also reported a statistically significant decrease in migraine associated disability and improvement in their quality of life across all of the quality of life endpoints in the study. Of particular interest were the results in the predefined sub-population of patients diagnosed as having migraine with aura. In this group, patients using nVNS had 5.5 fewer headache days compared to 2.7 fewer headache days in the sham group. There were no serious adverse effects reported in the study, which is consistent with nVNS' strong safety and tolerability profile. Complete results of the study are expected to be published in early 2021 in a peer reviewed neurology journal. gammaCore received 510(k) clearance for the preventative treatment of migraine on March 26, 2020. PREMIUM II was a randomized, double-blind, sham-controlled clinical trial of gammaCore for the prevention of migraine conducted at over 30 sites in the United States. The study was originally designed based on mITT of approximately 300 subjects. The study was closed before reaching its original enrollment targets in Q2 of 2020 due to the impact of COVID-19 on the conduct of clinical trials, resulting in intent to treat and mITT groups of 228 and 113, respectively.
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SIVB | Hot Stocks08:13 EST Clearbanc, Silicon Valley Bank partner on new capital program - Clearbanc and Silicon Valley Bank announced a new partnership to accelerate the growth of U.S.-based early-stage technology companies. Clearbanc expects to deploy more than $50M in non-dilutive capital to SVB's US-based Startup Banking software and e-commerce clients to help advance their businesses. The partnership's joint offering provides eligible SaaS and e-commerce companies with access to Clearbanc's revenue-based advances, which can be used for growth, advertising spend and Clearbanc's recently launched Inventory Financing product. The offer also includes discounted fees and a complementary valuation consultation using Clearbanc Valuation. Companies will have access to SVB Edge, which offers everything a young company needs to jump-start its business from day one, including a checking account, business debit card, online banking, several wires each month, unlimited ACH payments and more. SVB has partnered with thousands of founders for more than 35 years and works with half of all venture-backed tech and life science companies in the U.S.
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ALT | Hot Stocks08:11 EST Altimmune commences dosing in Phase 1 trial of ALT-801 - Altimmune announced that it has commenced dosing in a Phase 1 single ascending dose and multiple ascending dose clinical study of ALT-801. ALT-801 is a long-acting GLP-1/glucagon receptor dual agonist being developed for the treatment of non-alcoholic steatohepatitis (NASH), which is expected to affect more than 13 million adults in the United States. The Phase 1 clinical trial is being conducted in Australia and is expected to enroll approximately 50 and 60 volunteers in the SAD and MAD phases of the trial, respectively. The trial is designed to evaluate the safety, pharmacokinetics and activity of ALT-801 over 6 weeks of treatment in overweight and obese but otherwise normal volunteers. Readouts from the trial, including initial weight loss and liver fat reduction, are expected in the second quarter of 2021. This 6-week study will be followed by a 12-week Phase 1b study in volunteers with non-alcoholic fatty liver disease and is expected to commence in the third quarter of 2021.
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KMI | Hot Stocks08:11 EST Kinder Morgan expects to generate $2.1B in net income in 2021 - "With 2020 coming to a close, we can look back on the year with pride at how our company weathered the economic downturn and energy demand reduction associated with the pandemic. We took decisive action, reducing our 2020 expenses and sustaining capital expenditures by nearly $190 million combined versus our original budget without sacrificing safety and compliance. In addition, we reduced our discretionary capital outlook for 2020 by approximately $680 million, or almost 30%," said Steve Kean, KMI's CEO. "We expect these actions to result in an improvement to distributable cash flow (DCF) less discretionary capital expenditures of approximately $160 million compared to our original budget. We expect to end the year with a 2020 Net Debt-to-Adjusted EBITDA ratio of approximately 4.6 times. This is consistent with our long-term target of approximately 4.5 times," continued Kean. "In 2021, we expect to generate $2.1 billion in net income attributable to KMI, $2.0 billion more than our 2020 forecast, due primarily to asset and goodwill impairments taken during 2020. We also expect to generate $4.4 billion in DCF during 2021, approximately 3% below our current forecast for 2020 DCF. DCF will be negatively impacted by lower re-contracting rates on certain Natural Gas Pipeline segment assets (mainly Ruby and FEP pipelines, as we have noted for the last couple of years), lower crude volumes and realized prices in the CO2 segment, lower capitalized overhead as a result of lower discretionary capital expenditures, and higher sustaining capital expenditures partially offset by projects placed in service and increased refined product volumes. DCF less discretionary capital expenditures and dividends is expected to be $1.2 billion, an improvement of more than $700 million compared to our 2020 forecast. Our budget guidance includes savings from a corporate-wide organizational efficiency and effectiveness project that resulted in approximately $100 million in annual costs savings to KMI and an expected 2021 DCF benefit of $72 million, taking into account partial year savings in 2020, allocations to capital, and other items. We will go into greater detail on that process when we present our budget on January 27," continued Kean.
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NAOV | Hot Stocks08:11 EST NanoVibronix's UroShield ,PainShield meet New Zealand standards - NanoVibronix announced that its UroShield and PainShield meet the New Zealand Medical Devices Safety Authority regulatory requirements and have been added to the official WAND database in accordance with the Regulations. Coupled with this approval, the company signed an agreement, and fulfilled its first shipment, with Obex Medical Ltd to distribute both of the Company's technologies throughout New Zealand. Brian Murphy, Chief Executive Officer of NanoVibronix Inc., commented, "This agreement with Obex Medical Ltd provides us with strong distribution capabilities in New Zealand and further advances our strategy to penetrate new markets globally by partnering with leading organizations with significant sales resources. Obex Medical has already placed its initial order, validating their confidence in our technology and the market potential of our products. UroShield enables clinicians to potentially prevent the incidence of catheter-related infections that further complicate patient care, extend the duration of hospital stays or increase the risk of readmission, which is more important than ever before given this critical time for healthcare systems around the world."
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HARP | Hot Stocks08:10 EST Harpoon reports progress across TriTAC pipeline development programs - Harpoon Therapeutics provided a pipeline update and reported a confirmed partial response based on RECIST v1.1 criteria for its most advanced program, HPN424 for the treatment of metastatic castration-resistant prostate cancer. As of December 1, 2020, in the 160ng/kg cohort, which is the highest fixed dose tested to date, 7 patients have been enrolled and one patient has achieved a confirmed partial response. In addition, 3 patients enrolled in this cohort had serum PSA reductions, including one with a reduction of 50%. Dose escalation continues in this trial, in the Phase 1/2a clinical trials for HPN536 as a treatment for ovarian cancer and other mesothelin-expressing solid tumors and in the HPN217 Phase 1/2 clinical trial for multiple myeloma. Step dosing is being utilized in all programs to accelerate testing of higher doses. Dosing of the first patient in the Phase 1/2 trial for Harpoon's fourth TriTAC development program, HPN328, in small cell lung cancer and other DLL3-associated tumors is expected to occur by the end of the year. Dose escalation continues in Phase 1/2a trial for HPN424 in the treatment of mCRPC. As of the December 1, 2020 data cutoff date, 69 patients have been dosed across 14 cohorts at fixed doses of 1.3 to 160ng/kg and in step dosing cohorts up to 300ng/kg administered as a weekly intravenous infusion. Enrolled patients had a median of 6 prior systemic therapies, and 76% of patients had prior chemotherapy in the metastatic castration-resistant setting. Ten of 44 patients with treatment start dates at least 6 months ago remained on study treatment for more than 24 weeks. At the highest fixed dose tested to date, 160ng/kg, one patient out of 7 has experienced a confirmed partial response with tumor lesion reduction of 43%, and 3 of 7 patients have had serum PSA declines from baseline, including one patient with a PSA reduction greater than 50%. HPN424 was generally well tolerated and cytokine-related adverse events have been manageable. Reported Grade 3 or higher adverse events have included cytokine release syndrome, ALT increase and AST increase. CRS events and transaminitis have been transient and have not resulted in treatment discontinuation. Dose-limiting toxicities have been observed and have not limited escalation. A maximum tolerated dose has not been identified. Presentation of Phase 1 data and initiation of an expansion cohort is planned for the first half of 2021. Interim data from this expansion cohort is anticipated by the end of 2021. HPN536 Phase 1/2a clinical trial continues escalation. Dosing has occurred across 9 fixed-dose cohorts of 6 to 280ng/kg and 1 step dose cohort up to 600ng/kg. Tumor types treated include late-stage ovarian and pancreatic cancers and peritoneal mesothelioma. Enrolled patients had a median of four prior systemic therapies, and 66% of patients had progressive disease as best response to their most recent prior therapy. Pharmacokinetic analysis shows median half-life of more than 70 hours. Among the relapsed/refractory ovarian cancer patients with at least one post-baseline scan, 8 of 12 patients showed stability of target lesions. HPN536 appears to be well tolerated. One CRS grade 3 occurred in the absence of dexamethasone premedication treatment. The CRS resolved, and the patient continued on study with dexamethasone premedication. As of December 1, 2020, no DLTs have been observed. Initiation of an expansion cohort is anticipated by the second half of 2021, with a presentation of Phase 1 data by year-end 2021. Dose escalation for HPN217 Phase 1/2 clinical trial progressing rapidly. Relapsed/refractory multiple myeloma patients have been treated across 6 single-patient fixed dose cohorts of 5 to 810microgram, reflecting a more than 100-fold increase in dose in 8 months. HPN217 has been well-tolerated, and no DLTs have been observed as of the December 1, 2020 cutoff date. A presentation of interim data is anticipated in 2021, with initiation of a dose expansion cohort in the second half of 2021. First patient dosing anticipated for HPN328 by the end of 2020. The first site is open and recruiting for the dose escalation portion of this Phase 1/2 clinical trial. In the first cohort, the patients will receive a flat dose of 15microgram of HPN328 administered once weekly by intravenous infusion. Eligible patients include small cell lung cancer patients who have relapsed after platinum chemotherapy and patients with other tumors associated with DLL3 expression. Presentation of initial data is planned for the second half of 2021.
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CLPS | Hot Stocks08:09 EST CLPS unit signs deal with Chinese state-owned automotive company - CLPS announced that, through its majority-owned subsidiary, Judge Co., Ltd., it will undertake the big data project for a leading Chinese state-owned automotive company. The project aims to integrate big data technology on the Client's vehicle intelligent manufacturing and R&D systems. To successfully execute and complete the project, CLPS and the Client have agreed in principle to share and integrate each other's competitive advantage and resources. CLPS has years of experience in big data technology application, such as in Internet of Things data collection and big data analytics, among others. CLPS will utilize the big data application architecture, comprised of intelligent data acquisition, analysis, and display to achieve the project's goal. The Client is a leading auto company listed in China's A-share market. With international operations, it manufactures automobiles, auto parts, and accessories. In addition, the Client offers auto loan and mobile development application services for ride-hailing companies. CLPS currently provides IT consulting and solutions services for the Client's automated driving system, vehicle control, IoT system, and vehicle management system to accelerate its intelligent transformation and upgrade.
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MRNA | Hot Stocks08:08 EST Moderna announces Switzerland increases order commitment to 7.5M mRNA1273 doses - Moderna announced the Swiss Federal Government has increased its confirmed order commitment from 4.5M to 7.5M doses of Moderna's vaccine candidate against COVID-19, mRNA-1273. Moderna remains on track to be able to start delivery of its COVID-19 vaccine candidate to help protect Swiss citizens following regulatory approval by Swiss health authorities. Moderna could ship its COVID-19 vaccine as soon as December if regulatory approval is granted this month. The company has already initiated the rolling review process with Swissmedic and intends to seek prequalification and/or emergency use listing with the World Health Organization, or WHO. Swiss vaccine supply will be sourced from Moderna's European production capacity with its strategic manufacturing partner Lonza of Switzerland, and ROVI of Spain for fill-finish services. This updated agreement comes as the primary efficacy analysis of the Phase 3 study of mRNA-1273 conducted on 196 cases confirms the high efficacy observed at the first interim analysis, indicating a vaccine efficacy of 94.1% against COVID-19 and 100% efficacy against severe disease.
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HSY | Hot Stocks08:08 EST Hershey announces departure of General Counsel Damien Atkins - The Hershey Company announced that Damien Atkins, Senior Vice President, General Counsel and Corporate Secretary, will be resigning due to family illness effective January 31, 2021. In connection with his pending resignation, Atkins will step down from his General Counsel and Secretary role immediately and will focus on the transition of his responsibilities until his departure. James Turoff, currently Vice President, Deputy General Counsel, will serve as Acting General Counsel as the company completes its internal and external search process for Atkins' successor.
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PBLA SNBP | Hot Stocks08:08 EST Panbela Therapeutics completes enrollment in Phase 1b trial of SBP-101 - Panbela Therapeutics has completed patient enrollment in its Phase 1 trial evaluating the safety and tolerability of SBP-101 when used in combination with standard of care agents gemcitabine and nab-paclitaxel for first-line treatment of patients with metastatic pancreatic ductal adenocarcinoma. The trial, which included a dose escalation phase and an expansion phase, enrolled 50 patients, 30 of whom were treated using the dose and schedule that will advance to a randomized trial of the combination versus gemcitabine and nab-paclitaxel alone planned to begin in the first half of 2021. In total, the safety of SBP-101 has been evaluated in 79 patients in two clinical trials. SBP-101 is currently being evaluated in a Phase 1a/1b clinical trial of patients with previously untreated metastatic PDA at sites in the United States and Australia. SBP -101 has received Fast Track and orphan drug designation from FDA.
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SNGX | Hot Stocks08:07 EST Soligenix shows extended protection with RiVax ricin toxin vaccine - Soligenix announced that it has demonstrated extended protection with its heat stable ricin toxin vaccine, RiVax. Mice, vaccinated twice on Days 1 and 21 were protected for at least 365 days against subsequent ricin challenge. These results demonstrate that the thermostabilized vaccine formulation is capable of eliciting enduring protection in mice. Coupled with previous demonstration of efficacy in mice and non-human primates as well as long-term thermostability, these results reinforce the practicality of stockpiling and potentially utilizing the RiVax vaccine in warfighters and civilian first responders without the complexities that arise for vaccines that require cold chain handling. This same thermostabilization approach is also being advanced in the development of Soligenix's CiVax vaccine for COVID-19.
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PTAC EXPE | Hot Stocks08:05 EST Porch.com appoints Matthew Cullen as general counsel, secretary - Porch.com announced the appointments of Matthew Cullen to General Counsel and Secretary, and Joshua Steffan to VP and Group GM, Inspection and Real Estate. Prior to joining Porch, Matt Cullen served in various roles at Expedia Group (EXPE), most recently as Global Co-Head of M&A and Integrations. Joshua Steffan, who will lead Porch's Home Inspection and Real Estate SaaS and services vertical, specializes in SaaS marketplace product strategy. Prior to joining Porch, he was COO at Home Bay where he was responsible for the real estate brokerage, closing and mortgage businesses and increased revenue by 40% year-over-year. In July, Porch.com announced a merger agreement with PropTech Acquisition Corporation (PTAC), a special purpose acquisition company targeting businesses in the real estate technology industry that would result in Porch becoming a publicly listed company. With the expansion of its leadership team, Porch.com is well positioned to go public later this month.
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ATNM | Hot Stocks08:05 EST Actinium reports 67% ORR in first cohort in Actimab-A venetoclax combination - Actinium announced that first-in-human data from the first dose cohort of the Phase 1 portion of the Actimab-A venetoclax Phase 1/2 combination trial in patients with relapsed or refractory Acute Myeloid Leukemia were presented at the 62nd American Society of Hematology annual meeting. The poster presentation highlighted results from the first three patients treated with the initial subtherapeutic dose level of 0.5 muCi/kg of Actimab-A and venetoclax. The enrolled patients had a median of 2 prior therapies (range 2-3) and a median bone marrow blast percentage of 30% (range 20 - greater than60). All 3 patients had poor risk disease with adverse cytogenetics, and each patient had an additional high-risk marker. One patient who had multiple genetic mutations including IDH2, RUNX1, TP53 and others, achieved a complete remission with incomplete blood count recovery after the first cycle of Actimab-A and venetoclax. Next generation sequencing at the end of the first cycle showed that patient was negative for the known IDH2 and RUNX1 mutations. This patient has continued treatment receiving the second cycle and their bone marrow remains normocellular with no excess blasts. In addition, another patient achieved a partial response after one cycle of Actimab-A and venetoclax. There were no Actimab-A related dose limiting toxicities or nonhematologic Grade 3 or greater related AEs reported in the first cohort. The trial has advanced to the second dose cohort of 1.0 muCi/kg of Actimab-A and venetoclax with patient enrollment ongoing.
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EBAY | Hot Stocks08:03 EST eBay announces new shipping service, eBay standard envelope - eBay is introducing a low cost way for sellers to securely ship trading cards. Beginning January 2021, the new shipping service, eBay standard envelope, allows sellers in the U.S. to print labels and ship trading cards priced $20 and under and up to 3 oz., in an envelope with tracking included, for less than $1. The beta launch for the new shipping service will be available January 2021 for sellers in the U.S. with plans to expand to new categories in the future.
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JUSHF | Hot Stocks07:57 EST Jushi's BEYOND/HELLO, Holistic Industries collaborate for Garcia Hand Picked - Jushi Holdings announced the Company's retail brand, BEYOND / HELLO, and Holistic Industries have collaborated to bring Garcia Hand Picked to cannabis consumers in Santa Barbara. Starting on Tuesday, December 8, 2020, BEYOND / HELLO Santa Barbara will make GHP, a cannabis collection developed by Holistic Industries in partnership with the Garcia Family to honor and celebrate the legacy of Jerry Garcia, available for purchase. GHP cannabis strains available at BEYOND / HELLO Santa Barbara include: Chemdog, SFV OG, Fire OG, among others. In addition, other GHP merchandise apparel and accessories will also be available for purchase at Jushi's flagship retail location in California.
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BR | Hot Stocks07:43 EST Broadridge selected by BEC for updated Shareholder Rights Directive - Broadridge has announced that it has been selected by BEC, a Danish full-service technology firm that develops and operates IT systems for financial institutions, to provide its comprehensive solution for the updated Shareholder Rights Directive. BEC is now live with Broadridge's end-to-end solution suite for SRD II covering global proxy management for retail shareholders, and also shareholder disclosure. The firm is using the solution to support the regulatory needs across its network of 26 banks in Denmark.
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NBLX CVX | Hot Stocks07:40 EST Noble Midstream completes integration plans with new affiliate Chevron - Noble Midstream Partners (NBLX) announced that the Partnership has successfully integrated its business into its new affiliate, Chevron (CVX). Chevron has announced its capital and exploratory budget for 2021, with activity planned on Noble Midstream dedicated acreage in both the DJ and Delaware basins. On Noble Midstream's dedicated acreage, the Partnership anticipates Chevron activity to be primarily in the DJ Basin, where there is significant backbone infrastructure in place. As a result, Noble Midstream expects to allocate the majority of its 2021 organic capital program to well connections with minimal larger-scale facility spending. Noble Midstream plans to provide a detailed 2021 investment program and guidance after its third-party customer base finalizes activity plans and the Partnership receives Board approval early in the first-quarter 2021. In its Equity Method Investments, Noble Midstream does not anticipate any material capital outlays next year. The Partnership anticipates growing full-year run rate cash flow contribution in 2021 from the intermediate and long-haul assets brought online or acquired this year. Robin Fielder, President and CEO of the Partnership stated, "Noble Midstream achieved significant accomplishments this year, reducing its cash operating costs by more than 20 percent, placing multiple major equity-method investment pipelines into full service, and beginning to fund our investments and distribution from cash flow from operations. Along with these wins and a 2021 organic capital program focused mainly on well connections, we expect Noble Midstream to generate sizable cash flow in excess of capital expenditures in 2021 and enable the Partnership to reduce debt and protect the balance sheet."
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BKBEF | Hot Stocks07:40 EST Pipestone Energy sees 2021 production 24,000-26,000 boe/d - Sees 2022 production 33,000-35,000 boe/d. Sees 2023 production 37,000-40,000 boe/d.
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BKBEF | Hot Stocks07:39 EST Pipestone Energy announces 50 MMcf/d gas processing agreement with Veresen - Pipestone Energy Corp. announced it has entered into an agreement with Veresen Midstream or an additional 50 MMcf/d of gas processing capacity at the Veresen Midstream Hythe Gas Plant, as well as ancillary transportation and fractionation services with Pembina Pipeline and certain of its affiliates. This arrangement with Veresen Midstream aligns with the Company's corporate growth profile over the next three years as previously announced. Pipestone requires additional gas processing capacity by early 2022. In addition, this new midstream relationship enables Pipestone to diversify its gas processing alternatives by Q4 2021 and is expected to result in lower average per boe gathering and processing costs beginning in 2022. The gas processing arrangement with Veresen Midstream secures 25 MMcf/d of firm priority 1 service at Hythe, with an additional 25 MMcf/d of interruptible service for a term of approximately 10 years. In addition, Veresen Midstream is funding the construction of a new gathering pipeline from Pipestone's 6-30 pad to its 16-28 compressor station and battery, as well as additional facilities on the 6-30 pad required to accommodate up to 50 MMcf/d of raw gas and associated liquids. The firm service commences on October 1, 2021, which coincides with the expected completion of the new gathering pipeline. Pipestone will design, construct, and operate these facilities upon commissioning. The Arrangement includes a 12-month ramp up period with no associated take-or-pay commitment, ending on September 30, 2022, at which point the Company will have TOP volumes of 22.5 MMcf/d beginning on October 1, 2022 and ending on February 28, 2033. Pipestone expects to be able to access its interruptible capacity as required through the contract term. The Company has also secured liquids transportation and fractionation capacity with Pembina with its volume commitments proportionate to its firm gas commitment at Hythe. Firm service commences in October 2021 and TOP obligations begin in October 2022. Pipestone has also committed to bid for 10 MMcf/d of natural gas transportation from the Hythe outlet to Chicago on the Alliance Pipeline, and if available, acquire such capacity with a firm contract start date in October 2022.
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CRIS | Hot Stocks07:39 EST Curis jumps 148% to $3.60 after 'positive' data from Phase 1 study of CA-4948
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SIRI | Hot Stocks07:37 EST Sirius XM, Howard Stern announce new agreement - Howard Stern and SiriusXM announced a new agreement under which the legendary broadcaster will continue to produce and host The Howard Stern Show exclusively for SiriusXM for the next five years, and the Howard Stern archive of audio and video will continue to be licensed to SiriusXM for an additional seven years. The news was first reported by Stern live during his show this morning.
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WDOFF | Hot Stocks07:36 EST Wesdome Gold Mines announces results from drilling at Eagle River - Wesdome Gold Mines announces results from the ongoing underground exploration drilling program at the Company's wholly-owned Eagle River Mine in Wawa, Ontario. 300 East Zone: Ongoing extension and definition drilling of the 300 East Zone has continued to return high grade gold intersections. The 300 East Zone, previously defined from the 750 m-level to 1,000 m-level, has now been extended to the 1,400 m-level. The down plunge extension is a relatively more tabular zone that now measures in excess of 100 metres along strike with above average widths and grades. The recent drilling confirms the continuity of the geometry, and the consistency of the high grade mineralization, and remains open down plunge. Hole 925-E-135: 41.0 g/t Au over 10.0 m core length. Hole 925-E-166: 54.9 g/t Au over 10.1 m core length. Hole 925-E-167: 47.3 g/t Au over 5.9 m core length. All assays cut to 140.0 g/t Au. True widths are estimated. In addition, limited drilling has intersected a new zone of mineralization approximately 40 m north and in the hanging wall of the high grade 300 East zone. Hole 925-E-172 returned 43.1 g/t Au over 1.5 m true width. This zone remains open down plunge and along strike and highlights the potential of finding additional sub-parallel zones in this area and will remain a priority throughout 2021. The recent drilling results will be included in the 2020 year end mineral resource and reserve statement. 311 West Zone: The Company is continuing to develop and explore 311 West Zone along the western margin of the mine diorite. Ongoing development on 750 level and associated sub-levels have defined high grade mineralization over 100 m in strike length. The recent development confirms the continuity of the geometry and the consistency of the high grade mineralization. This development has returned higher gold grades than originally intersected by the exploration drilling. The zone has transitioned from the diorite into the adjacent mafic volcanics, again highlighting the potential of the volcanic rocks to host gold mineralization, similar to that observed at the neighbouring Falcon 7 zone. The 311 West Zone remains open up plunge and along strike to the west within the mafic volcanics, and will be a focus of 2021 drilling. Sill 750-311 Sub #2: 44.8 g/t Au striking 134 m over a true thickness of 2.9 m. Sill 750-311 Sub #1: 42.9 g/t Au striking 143 m over a true thickness of 2.1 m. Sill 750-311 Sub #3: 56.7 g/t Au striking 131 m over a true thickness of 2.0 m. All assays cut to 60.0 g/t Au.
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SHYF | Hot Stocks07:35 EST Shyft Group's Spartan RV Chassis launches new RV app - Spartan RV Chassis, a business unit of The Shyft Group, has launched Spartan RV Dealer Connect, an easy-to-use mobile application geared toward Class A diesel RV salespeople offering Spartan RV chassis. The Spartan RV Dealer Connect app offers a more seamless and quicker way for dealer salespeople to gain access to coach-and model-year-specific information, by OEM.
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NEM | Hot Stocks07:35 EST Newmont sees FY21 attributable gold production 6.5M ounces - Newmont announced its 2021 outlook with attributable gold production guidance of 6.5M ounces and AISC2 of $970 per ounce. Attributable gold production is expected to be between 6.2 and 6.7M ounces per year in 2022 and 2023, increasing to between 6.5 to 7.0M ounces in 2024 and 2025 while improving costs. Attributable sustaining capital guidance is $950 million for 2021 and is expected to be between $900 to $1,100 million longer-term through 2025. Attributable development capital guidance is $850 million for 2021 and expected to average between $600 to $800 million per year through 2025, which includes development capital expenditures for Tanami Expansion 2, Ahafo North and Yanacocha Sulfides.Returns: Industry-leading dividend and dividend framework5 including an annualized $1.00 per share sustainable base dividend with additional returns at higher gold prices. Completed the remaining $200 million of the 2020 share-repurchase program in the fourth quarter for an average cost of $45 per share for the total $1.0 billion program. Newmont is on track to return more than $2.7 billion to shareholders since January 2019.
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FL | Hot Stocks07:34 EST Foot Locker adopts short-term shareholder rights plan - Foot Locker announced that its Board of Directors has adopted a short-term shareholder rights plan and declared a dividend distribution of one right on each outstanding share of the company's common stock. The Rights Plan is effective immediately and has a one-year duration, expiring on December 7, 2021. The Rights Plan may also be terminated, or the rights may be redeemed, prior to the scheduled expiration of the Rights Plan under certain other circumstances.
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LRMR | Hot Stocks07:33 EST Larimar Therapeutics completes dosing of SAD trial of CTI-1601 - Larimar Therapeutics announced the completion of dosing from the Company's Phase 1 single ascending dose clinical trial evaluating CTI-1601 as a treatment for Friedreich's ataxia and provided additional updates regarding the status of an ongoing multiple ascending dose clinical trial, the timing of Phase 1 topline results, and future activities planned for 2021. A Safety Review Committee reviewed preliminary blinded data after each cohort of the placebo-controlled SAD clinical trial and recommended continuation of the trial. Dosing has been completed and based on preliminary data, single subcutaneous injections of CTI-1601 at doses up to 100 mg are thought to have been well tolerated. Injection site adverse events were mild and transient, and no serious adverse events were reported. Analysis of clinical trial results remains ongoing. Eligible participants from the SAD trial may enroll in an ongoing double-blind, placebo-controlled, MAD clinical trial. To date, dosing of the first two MAD cohorts has been completed, with dosing of the third cohort expected to begin in the first quarter of 2021. Larimar expects to report unblinded topline data from both the SAD and MAD trials in the second quarter of 2021. Patients completing the SAD and/or MAD clinical trials are eligible to screen for an open-label extension clinical trial, which is expected to initiate in the second half of 2021. Larimar also expects to initiate a MAD clinical trial in patients under 18 years of age in the second half of 2021.
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PSN | Hot Stocks07:32 EST Parsons awarded $32M contract by San Bernardino County Transportation Authority - Parsons announced that the company has been awarded a $32M contract by the San Bernardino County Transportation Authority support administration of a $4.3B program to improve transportation and traffic management programs in the county. The five-year contract will support program and project management for freeways, interchanges, grade separations and other projects.
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ATHA | Hot Stocks07:32 EST Athira Pharma awarded $15M grant from NIA to support ACT-AD trial - Athira Pharma announced it has been awarded a research grant expected to total $15M over 3 years from the National Institute on Aging of the National Institutes of Health to support its ACT-AD Phase 2 clinical trial for ATH-1017, Athira's lead therapeutic candidate being developed for the treatment of individuals with mild-to-moderate Alzheimer's disease. ACT-AD is a Phase 2 clinical study to evaluate ATH-1017 treatment in mild-to-moderate Alzheimer's disease. The study will use quantitative electroencephalogram and Event-Related-Potential to assess the impact of treatment on certain brain wave signals, which are associated with learning, memory formation and higher cognitive functions. One of several secondary outcome measures of the study is the Alzheimer's Disease Assessment Scale-Cognitive Subscale.
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NEE | Hot Stocks07:31 EST NextEra Energy acquires eIQ Mobility - NextEra Energy announced the acquisition of eIQ Mobility, a software provider of mobility planning solutions based in Oakland, California.
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ANSS | Hot Stocks07:28 EST Ansys appoints Maria Shields as SVP, administration, Nicole Anasenes as CFO - Ansys announced two senior leadership appointments. Nicole Anasenes, former CFO and COO of Squarespace, yesterday stepped down from her role as a member of the Ansys board of directors and its audit committee to join Ansys as SVP. She will become the company's CFO and SVP of finance, on March 1, 2021. On that date, Maria Shields, the current CFO, will assume the role of SVP of administration, leading the company's human resources, information technology, procurement and real estate functions.
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PZG | Hot Stocks07:26 EST Paramount Gold begins program to advance former Sleeper Gold Mine to production - Paramount Gold Nevada announced that in response to higher gold prices it has initiated a program to evaluate restarting the historic Sleeper Mine. From 1986 to 1996 the Sleeper mine produced 1.7 million ounces of high-grade gold at costs well below $400 per ounce. The 38,300 acre property in Humboldt County Nevada currently hosts 3 million ounces of measured and indicated gold resources, nearly 1.5 million ounces of inferred gold resources and a considerable silver resource. The Sleeper program is multi-faceted: exploring to discover new, high grade satellite deposits similar to the original Sleeper Mine, and developing a plan to exploit the existing resource based on an in depth re-interpretation of existing data and further work designed to upgrade the current resource. Paramount has contracted Mine Development Associates of Reno, Nevada to review all available data at Sleeper. MDA will deploy a team of expert geologists, mining engineers, metallurgists and geophysicists to analyze the entire dataset with the following objectives: Identify the most prospective drill targets with the goal of defining a new high-grade Sleeper type vein deposit; Identify priority drill targets within the Sleeper deposit which could improve the overall grade and confidence level of the current resource; Produce a scoping level study comparing various processing and throughput alternatives for restarting production at Sleeper; Define the parameters of a prefeasibility or feasibility study. Paramount expects to commence drilling priority targets in the first half of 2021.
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AZO | Hot Stocks07:24 EST AutoZone CEO sees $50M in costs in Q2 from 'enhanced benefits' - "As the COVID-19 global pandemic continues, our primary focus has been and continues to be the health, wellness and safety of our customers and AutoZoners. Last week, we shared with all eligible AutoZoners that we have again made some significant benefit changes to encourage personal responsibility. Most notably, we will offer another week of 'emergency time-off,' and we will allow an extended carryover of paid time off for much of the new calendar year. Combined, these enhanced benefits will cost roughly $50 million in our second quarter, but as I told our team last week, it's an investment in them and the well-being of our customers and their fellow AutoZoners," said Bill Rhodes, Chairman, President and CEO.
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TUSK | Hot Stocks07:23 EST Mammoth Energy announces third validation of work performed in Puerto Rico - Mammoth Energy Services announced that it has received and posted to its website additional information related to its work in Puerto Rico obtained from the Federal Emergency Management Agency through a Freedom of Information Act request. The presentations, reports and additional data add further validation that the work performed by Cobra Acquisitions for the Puerto Rico Electric Power Authority significantly aided the restoration of power to millions of residents of Puerto Rico under very harsh conditions. With the release of additional information through FOIA, we feel that this is the third validation of the high-quality work Cobra performed in Puerto Rico, these three validations include the following: Determination Memorandum from FEMA, dated December 23, 2017, stating that PREPA awarded the Cobra contract in compliance with the emergency procurement provisions and determined the costs under this contract to be reasonable. Report produced by the Rand Corporation, an independent third party, stating that the Cobra contract was procured in a reasonable procurement process and the blended rates charged fall within estimated ranges for all scenarios considered for the emergency work performed. The RAND report was commissioned by the Homeland Security Operational and Analysis Center as a result of the Office of the Inspector General verbally questioning FEMA's DM stating that the Cobra contract was obtained in a reasonable manner and the costs were reasonable. 781 pages obtained under a FOIA request which, among other things, highlights that Cobra was responsive to PREPA and the people of Puerto Rico, assigned some of the most difficult work and was the only company to work in all phases of recovery.Following multiple requests under the Freedom of Information Act, Mammoth recently received an additional 781 pages of information from FEMA relating to the restoration of the electric grid in Puerto Rico following Hurricane Maria. The information received includes FEMA presentations, daily status reports, restoration reports and meeting schedules with meeting notes. After evaluating the data, we believe it is clear that the Cobra team played a significant role in restoring power to millions of people in Puerto Rico. Specific data points include the following: The Cobra team lived on barges and was assigned the hardest-hit part of the island. As of 8/31/2018, the Cobra team was assigned approximately 41% of all transmission restoration projects and as of that date had completed more than 95% of all of these assigned transmission projects. Cobra was the only contractor on the island that was assigned work in all phases of restoration. Cobra dispatched significant resources faster than the U.S. Army Corps of Engineers and the U.S. power industry and stayed longer than all other contractors. In total, Cobra teams represented approximately 19% of the total electrical restoration workforce during the bulk of the recovery period. As of October 2018, FEMA estimated that the restoration work in Puerto Rico would cost approximately $5.4B. Of this amount Cobra was expected to receive up to approximately 30% of the total, despite doing approximately 41% of the very challenging transmission work which required specialized equipment.
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CVSI | Hot Stocks07:20 EST CV Sciences enters common stock purchase agreement with Tumim Stone - CV Sciences announced that it has entered into a Common Stock Purchase Agreement with Tumim Stone Capital. Pursuant to the Stock Purchase Agreement, the Company has the right, subject to certain conditions, to issue and sell to the Investor from time to time up to $10M of the Company's Common Stock registered under the Company's Form S-3 Registration Statement dated April 21, 2020, as supplemented by a prospectus supplement to be filed by the Company with the Securities and Exchange Commission. The Common Stock Purchase Agreement provides, among other things, that the Company may direct, every three trading days, the Investor to purchase a number of shares not to exceed an amount determined based upon the trading volume and stock price of the Company's shares. The specific terms of the financing are set forth in the full text of the Common Stock Purchase Agreement, which will be filed in its entirety with the Company's Current Report on Form 8-K reporting the transaction. The Company remains on track to achieve cashflow break-even by mid 2021. The Company expects to use net proceeds from the financing over time for general corporate purposes which may include, without limitation, funding of product development, sales and marketing activities, increasing the Company's working capital and investment in its products and intellectual property in order to accelerate growth.
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CSTM | Hot Stocks07:19 EST Constellium's operations in Neuf-Brisach certified by ASI - Constellium announced that its facility in Neuf-Brisach, France, achieved certification according to the Aluminium Stewardship Initiative's Performance and Chain of Custody Standards. This certification covers the plant's recycling, casting, rolling and finishing operations. Constellium's Neuf-Brisach facility can now provide responsibly sourced, independently certified solutions, using both the plant's end of life recycling capacity and its ASI certified supply chain, and can offer certified and sustainably manufactured aluminium rolled products to its customers.
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TKR | Hot Stocks07:18 EST Timken announces $75M in capital investments through early 2022 - Timken announced more than $75M in capital investments through early 2022 to increase the company's renewable energy capabilities across its global footprint. To serve Timken's global renewable energy customers, the company has developed an extensive network of engineering and innovation centers and manufacturing facilities located throughout the U.S., Europe and Asia. Timken will use the announced $75M investment to: Expand its state-of-the-art and LEED-certified manufacturing facility in Xiangtan, China, where it makes engineered bearings for wind turbines. Continue to scale-up its production capacity at sites in Wuxi, China, and Ploiesti, Romania, where Timken manufactures engineered bearings for wind turbines. Consolidate multiple sites into a new, larger campus in Jiangyin, China, to increase production capacity, broaden the product range and improve productivity for precision drives used in the solar energy market. All of the above investments will include advanced automation and manufacturing technologies.
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ALEAF | Hot Stocks07:18 EST Aleafia Health's Niagra Greenhouse deemed EU GACP compliant - Aleafia Health announced that its Niagara Greenhouse facility has been deemed European Union Good Agricultural and Collection Practices compliant following a review and inspection from certified auditors. With EU GACP, flower grown at the Niagara Facility can now be exported to certain international markets, including Israel. In addition, it can also now be exported to the European Union, following drying and processing in an EU Good Manufacturing Practices certified facility. The Company expects to complete shipments of cannabis flower into new, additional countries in Q1 2021, pending receipt of necessary import and export permits. The EU GACP compliant rating is based on the European Medicines Agency's guidelines concerning the cultivation and collection of medicinal plants. Shipments of cannabis extract products to Australia, the Company's largest international orders to date, are also expected to be completed later this month.
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CBIIF | Hot Stocks07:16 EST Skylight Health partners with GatherMed to launch remote patient monitoring - Skylight Health Group has entered into a Remote Care Services Clinical Agreement with GatherMed to provide Skylight patients with Remote Patient Monitoring tools and services for patients with hypertension. The agreement will provide access immediately to the Company's national network of patients to utilize this product to manage their ongoing care. Utilization and deployment of RPM devices has seen an exponential growth in the last few years and especially after the impact of the COVID-19 Pandemic. As more patients seek to remain safe and at home, managing care and communicating with their health care provider has never been more crucial. RPM devices are getting broader support from regulatory agencies as tools that complement the patient journey, allowing physicians and care teams to remotely monitor, track and support their patients needs. Skylight will launch with GatherMed devices beginning in its Washington clinic with the goal of scaling across to other states shortly after. Integration with Skylight's technology platform will enable quicker access to information by the Skylight healthcare team. Skylight patients receive the device at no cost to them. As per the Agreement, Skylight will purchase the device from GatherMed for a one-time fee of $95 and a monthly monitoring fee of $65 per patient per month. In return, Skylight will retain 100% of the earnings from insurable reimbursements from US payors. Reimbursable benefits will include a one-time payment of $21 per patient and then an average monthly recurring payment of up to $160 per patient per month. Annually, this could be up to $1,920 per patient per year for each patient using the device as per minimum guidelines set by the payor groups. Skylight currently has over 120,000 patients of which an estimated 40% of patients could benefit from this program. The Company also announces that Marc Adelson will be stepping down from the Board of Directors due to previous obligations.
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SGSVF | Hot Stocks07:15 EST Sabina reports final results from 2020 exploration season at Back River - Sabina Gold & Silver Corp provides final results from the 2020 exploration program at the Company's 100% owned Back River Gold Project, Nunavut, Canada. During the season, the Company completed approximately 8,000 meters of drilling at Goose in addition to completion of an extensive airborne geophysical Versatile Time Domain Electromagnetic "VTEM" survey over the Goose, George and Del properties. Previously reported drilling this year includes significant intercepts within the high-grade underground corridor at the Umwelt V2 zone. The emergence and confirmation through drilling of the V2 zone will result in an updated reserve estimate and has provided the basis upon which to re-envision our development plans, focusing on early mining of this high-grade underground material into the mine life first. This drilling further highlights the exceptional nature of the Goose site gold structures. Drilling outside of the Umwelt high grade corridor was completed at five target areas that include the Llama Extension zone, the Umwelt underground hinge zone and the Hook, Jackaroo and Hackles targets. Highlights from these results include hole 20GSE585 returning 3.74 g/t Au over 43.70 m including 22.40 g/t Au over 2.00 m intersecting the anticline hinge of the Umwelt underground, see table 1 for details. This hole is a further example of the wide zones encountered at the Goose deposits and was drilled to expand the mineralization encountered in the Umwelt underground to adjacent favourable structural traps. Hole 20GSE577 from the Llama Extension zone, where additional drilling was required to inform an initial inferred resource estimate on this new zone, returned 3.75 g/t Au over 9.15 m, including 8.04 g/t au over 3.40m. Hole 20GSE580 returning 1.90 g/t Au over 13.7 m, including 5.71 g/t Au over 1.00 m at the Hook prospect, targeted a potential bridging zone between the Goose Main and Nuvuyak deposits. While the hole overcut its target, it provided further information for future drill testing. At Llama Extension three widely spaced drill holes tested discrete portions of the 500 m mineralization trend with a main purpose of increasing resolution of the gold mineralization shape boundaries and the geologic modelling of key areas in support of an initial resource calculation. Drilling also aimed to follow up coarse grained arsenopyrite-bearing structures identified within the main D1 axial plane from previous drilling. New drilling results provided additional data for input to the resource model that are highlighted by assay intercepts returning of 3.75 g/t Au over 9.15 m including 8.03 g/t Au over 3.00 m in drill hole 20GSE577 targeting the area of the arsenopyrite structures. At the Umwelt anticline hinge target, outside of the main mineralizing corridor of the V2 zone, three drill holes tested a ~300 m plunge extent of lesser resolved, favourably folded iron formation stratigraphy. The three holes successfully intersected mineralization over significant widths, such as 3.74 g/t Au over 43.70 m in drill hole 20GSE585, that continues to support additional follow up opportunities in resource growth. The Hook target is a potential bridging zone between the Goose Main and Nuvuyak deposits, with a strike length of 600 m which hosts a large volume of iron formation with indications of strong zones of mineralization. One drill hole test targeted a complex D2 cross fold setting that extends south from the Nuvuyak zone. Drill hole 20GSE580, returning 1.90 g/t Au over 13.7 m, is the first focused test in establishing the continuity of the mineralization controls between the Nuvuyak and Goose Main deposits. The drill hole aimed to test the lower portion of the folded iron formation structure however ultimately over cut a portion of the main target stratigraphy setting up improved guidance for additional testing that may be achieved for 2021. As previously reported, exploration activities included an airborne VTEM geophysical survey over the Goose, George and Del properties. The VTEM system was selected for the deep penetrating transmitting and receiving capabilities allowing for deeper structures and electromagnetic responses to be detected. First phase 3D modelling of the 2020 VTEM data has been successful in calibrating results and characterizing key elements over known deposits, showing strong conductors centered on the Llama, Umwelt and Goose Main deposits. Typically, two types of VTEM responses are observed; broad single peak anomalies where conductors are typically modelled at higher than 100 Siemen (i.e Umwelt), and broad double peak anomalies from thin sheet-like conductors with extensive strike length and depth extent with a lower conductance of 10 Siemen. This modelling has led to the geophysical characterization of key known deposits enabling the evaluation through comparison and prioritization of new and previously identified geophysical anomalies. The second phase of result modelling using deposit response characteristics is well advanced, with initial targeting showing anomalous responses at the Goose property down plunge of the Umwelt deposit, and in the Jackaroo and Hackles areas. The completion of this second phase will facilitate exploration targeting in 2021 at the Goose, George and Del properties.
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LQDT | Hot Stocks07:14 EST Liquidity Services reports Q4 GMV $196.9M
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STEP | Hot Stocks07:13 EST L Catterton-led consortium to acquire Truck Hero, terms not disclosed - L Catterton and CCMP Capital announced that they have entered into a definitive agreement under which a consortium led by L Catterton and its affiliates will acquire a controlling interest in Truck Hero, a provider of functional aftermarket accessories for pickup trucks and Jeep vehicles. The consortium includes a wholly-owned subsidiary of the Abu Dhabi Investment Authority, as well as Mubadala Investment Company and StepStone Group. CCMP, among other shareholders, and Truck Hero's founding CEO Bill Reminder, will remain meaningful investors in the company. Terms of the transaction were not disclosed.
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CERE | Hot Stocks07:12 EST Cerevel Therapeutics appoints Ruth McKernan to board of directors - Cerevel Therapeutics announced that it has added Ruth McKernan, Ph.D., CBE, FMedSci, to serve as an independent member of its Board of Directors. Dr. McKernan currently serves as a venture partner with SV Health Investors, LLP, a global investment firm and specialist healthcare fund manager, where she supports companies that create new medicines for treating neurodegenerative disorders.
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CRIS | Hot Stocks07:12 EST Curis reports 'positive' data from Phase 1 study of CA-4948 - Curis announced positive preliminary data from its ongoing open-label, single arm Phase 1 dose escalation study of CA-4948, a novel, small molecule IRAK4 kinase inhibitor, in patients with acute myeloid leukemia or high-risk myelodysplastic syndromes. IRAK4 plays an essential role in the toll-like receptor and interleukin-1 receptor signaling pathways, and these pathways are frequently dysregulated in patients with AML and MDS. Third parties have recently discovered that the long form of IRAK4 is oncogenic and preferentially expressed in over half of patients with AML and MDS. A variety of drivers are believed to cause this, including specific spliceosome mutations. Key findings include: Marrow blast reductions observed in all evaluable patients (6 patients). 6 of 7 patients enrolled remain on study. Patients enrolled experienced a median of 3 prior lines of treatment (range 1-4). Two patients experienced a marrow complete response, one with blast count going from 23% pretreatment to 1% on treatment, and the other going from 11% pretreatment to 2% on treatment. No DLTs observed in 7 DLT-evaluable patients in the 200 mg BID and 300 mg BID cohorts. Enrollment has begun in the 400 mg BID cohort.
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GILT | Hot Stocks07:11 EST Gilat Satellite receives multi-million dollar order from DOD - Gilat Satellite Networks announced that its subsidiary Wavestream received a multi-million-dollar order from a customer in support of a military communications program run by the US Department of Defense. New generation of Wavestream Block Upconverters successfully meet DoD program's requirement for interoperability on multiple satellite constellations at multiple frequencies.
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THTX | Hot Stocks07:10 EST Theratechnologies announces preclinical in vivo findings for TH1902 - Theratechnologies announced new pre-clinical in vivo findings regarding the efficacy and tolerability of its novel investigational proprietary peptide-drug conjugate, TH1902, for the treatment of several cancer types expressing the sortilin receptor. New pre-clinical in vivo results in colorectal, pancreatic, melanoma and endometrial cancers are similar to those presented at the American Association for Cancer Research last June, which confirmed, at the time, the effect of TH1902 in vivo in ovarian and triple-negative breast cancers. The Company intends to present the detailed results at scientific meetings next year. In addition, based on recently completed IND-enabling toxicity studies, Theratechnologies confirmed that TH1902 could be administered at three times the maximum tolerated dose of docetaxel alone.
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TAC | Hot Stocks07:09 EST TransAlta acquires 30% equity interest position in EMG International - TransAlta announced that it has acquired a 30% equity interest position in EMG International. TransAlta and EMG have joined forces to leverage their complementary customer bases to grow both businesses and further enhance product offerings to assist customers towards their sustainability goals. EMG is an established company with over 25 years of experience in process wastewater treatment and specializes in the design and construction of high-rate anaerobic digester systems. TransAlta's investment in EMG provides a low-risk entry point into the wastewater treatment industry and creates strong synergies with the company's existing customer service offerings. EMG's services are critical to a customer's on-site production and to the achievement of their ESG objectives. TransAlta's investment is expected to result in $2M-$3M of EBITDA annually with projects delivering double digit returns. The company expects to see strong growth in EMG's business over the next few years, resulting in annual EBITDA in the range of $8M-$10M.
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QURE | Hot Stocks07:08 EST uniQure presents late-breaking data from Phase III HOPE-B trial - uniQure announced the late-breaking presentation of initial data from its pivotal, Phase III HOPE-B gene therapy trial of etranacogene dezaparvovec, an investigational adeno-associated virus five-based gene therapy for the treatment of patients with severe and moderately severe hemophilia B. This is the first data set to be reported from a Phase III gene therapy study in hemophilia B and, with 54 patients, the largest set of patients receiving a single gene therapy investigational product to be reported to date. These clinical data will be presented today in an oral session at the virtual 62nd Annual Meeting of the American Society of Hematology. Patients in the Phase III HOPE-B clinical study were initially enrolled into a prospective, observational lead-in period of at least six months during which bleeding events and FIX replacement therapy usage were monitored. All patients required prophylactic routine FIX replacement prior to entering the clinical trial, and patients were not excluded from the trial based on pre-existing NAbs to AAV5. The primary endpoints in the study include FIX activity at 26-weeks and 52-weeks after dosing and annualized bleeding during the 52 weeks after dosing. More than 80 percent of the 54 patients treated in the open-label study had severe hemophilia with endogenous FIX activity at less than or equal to1%. Forty-three percent of patients in the study had NAbs to AAV5 up to a maximum titer of over 3,200. Fifty-four patients reported 123 bleeds during the lead-in phase of the study, even while they remained on prophylactic replacement therapy. Key Initial Efficacy Findings From HOPE-B Pivotal Trial: FIX activity increased rapidly after dosing to a mean of 37.2 percent at 26 weeks from a baseline of less than 2 percent, meeting the first primary endpoint of the study. For those patients with follow up beyond 26 weeks, similar FIX expression was sustained including one patient who has reached 18 months of follow up. No correlation between pre-existing NAbs and FIX activity was found in patients with NAb titers up to 678.2, a range expected to include more than 95 percent of the general population; a single patient with a higher NAb titer of 3,212.3 did not show an increase in FIX activity. The number of bleeds requiring treatment decreased by 91 percent after the one-time administration of etranacogene dezaparvovec, with 87 percent of patients reporting no such bleeds after dosing. Total reported bleeds, which includes suspected bleeds that did not require treatment and bleeds associated with trauma and unrelated medical procedures, decreased by 83 percent.Usage of FIX replacement therapy in all patients declined 96 percent, with 52 of 54 patients successfully discontinuing their prophylactic infusions. Of the two non-responders, one patient received only a partial dose due to an infusion reaction during administration. The second patient had a pre-existing NAb titer of 3,212. It is expected that less than 1 percent of the general population have a pre-existing NAb titer of more than 3,000. Key Initial Safety Findings From HOPE-B Pivotal Trial: Etranacogene dezaparvovec was generally well-tolerated with no treatment-related serious adverse events. Most adverse events were classified as mild. Most common treatment-related events included transaminase elevation treated with steroids per protocol, infusion-related reactions, headache and influenza-like symptoms. Liver enzyme elevations resolved with a tapering course of corticosteroids, and FIX activity remained in the mild range in the steroid treated patients. While administration was discontinued in one patient experiencing an infusion reaction, administration was completed successfully in the remaining six patients who experienced an infusion reaction. No inhibitors to FIX were reported. No relationship between safety and NAbs titers was observed.
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BLU | Hot Stocks07:07 EST Bellus Health announces first patient dosed in its Phase 2b SOOTHE trial - Bellus Health announced that the first patient has been dosed in the Phase 2b SOOTHE trial of BLU-5937, the Company's highly selective P2X3 antagonist, in patients with refractory chronic cough. "We are thrilled to announce the initiation of our SOOTHE trial, an important milestone for the development of BLU-5937, as well as a promising step forward for the millions of chronic cough patients lacking an approved therapy," said Dr. Cathy Bonuccelli, Chief Medical Officer at BELLUS Health. "BLU-5937's validated mechanism of action, along with the encouraging data generated from our previously completed Phase 2 RELIEF trial, suggest that this candidate has the potential to help meet this large unmet need, with the potential to avoid burdensome class-specific adverse effects. We look forward to conducting the trial and reporting results in 2021." "Globally, millions of individuals seek therapy for their debilitating refractory chronic cough each year, and without an approved treatment, the condition remains a challenge for both patients and physicians," said Dr. Jaclyn Smith, Professor of Respiratory Medicine at the University of Manchester in the United Kingdom, an Honorary Consultant at the University Hospital of South Manchester NHS Foundation Trust and Chair of BELLUS Health's Clinical Advisory Board. "Building on the results reported from multiple clinical trials, including BELLUS Health's Phase 2 RELIEF trial, the P2X3 class is a promising approach for patients. I look forward to continuing to study BLU-5937's potential in treating chronic cough, in hopes of filling this unmet need."
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VST | Hot Stocks07:07 EST Vistra Energy names Jim Burke as CFO, succeeding David Campbell - Vistra is announcing the appointment of Jim Burke as president and CFO, effective immediately. Burke, who has been with Vistra and its predecessor companies since 2004, has been serving as executive vice president and COO since 2016. Vistra's outgoing CFO, David Campbell, will be leaving to join Evergy, a Missouri-based regulated utility, as its chief executive officer following a transition period through the end of the year.
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CMPI BMY | Hot Stocks07:05 EST Checkmate collaborates with Bristol-Myers to evaluate CMP-001 with nivolumab - Checkmate Pharmaceuticals (CMPI) announced it has entered into a clinical collaboration agreement with Bristol Myers Squibb (BMY) to evaluate the combination of Checkmate Pharmaceuticals' CMP-001, a Toll-like receptor 9 agonist, and Bristol Myers Squibb's Opdivo, a PD-1 blocking antibody. The companies will collaborate on two trials: a single arm Phase 2 study of CMP-001 in combination with nivolumab in subjects with unresectable or metastatic melanoma that is refractory to PD-1 blockade as monotherapy or in combination with other therapies, and a randomized Phase 2 study of first-line CMP-001 in combination with nivolumab compared to nivolumab monotherapy in subjects with unresectable or metastatic melanoma. For both trials, under the terms of the agreement, Checkmate Pharmaceuticals will be the sponsor and Bristol Myers Squibb will supply nivolumab.
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EVRG | Hot Stocks07:05 EST Evergy names David Campbell CEO - Evergy announced that its Board of Directors has unanimously appointed David A. Campbell as President and Chief Executive Officer and a Director of Evergy, effective January 4. Campbell succeeds Terry Bassham, who previously announced his intention to retire from the Company. Bassham will remain Evergy's President, CEO and member of the board until Campbell joins the Company.
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ENB | Hot Stocks07:04 EST Enbridge raises quarterly dividend to 83.5c from 81c per share - Commencing with the dividend payable on March 1, 2021, to shareholders of record on February 12, 2021.
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ORTX | Hot Stocks07:04 EST Orchard Therapeutics reports OTL-201 initial clinical data - Orchard Therapeutics reported initial data from an ongoing proof-of-concept clinical trial evaluating the safety and efficacy of OTL-201, an investigational ex vivo autologous hematopoietic stem cell gene therapy being studied for the treatment of mucopolysaccharidosis type IIIA. The data were presented as part of an oral presentation given yesterday at the 62nd American Society of Hematology Annual Meeting. As of December 2020, preliminary results from the first patient treated with OTL-201 showed promising safety, tolerability, engraftment and biomarker data over a follow up period of three months. Certain data, including engraftment of gene-modified cells as measured by vector copy number, were unavailable at the time of the presentation due to the impact of COVID-19. Specifically, the results showed: The treatment was generally well-tolerated with no treatment related adverse events or serious adverse events to date. Evidence of hematological engraftment as suggested by recovery of neutrophils and platelets post myeloablative conditioning. N-sulphoglucosamine sulphohydrolase enzyme expression reached supra-physiological levels in plasma, total leukocytes and multiple cell subpopulations, including CD3+ and CD15+ cells, within 3 months of receiving OTL-201. Reduction of urinary heparan sulfate from 60.8 mg/mmol creatinine at baseline to the normal range by three months post-treatment with gene therapy. Three patients have been treated in the ongoing proof-of-concept study, which is being sponsored and conducted by The University of Manchester and funded by Orchard. The OTL-201 program and this clinical trial follow over a decade of development and pre-clinical work by Brian Bigger, Ph.D., Professor of Cell and Gene Therapy at UoM. Completion of enrollment and the release of additional interim results are expected in 2021.
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ENB | Hot Stocks07:03 EST Enbridge sees FY21 DCF per share $4.70-$5.00 - Sees FY21 EBITDA $13.9B-$14.3B.
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ALTR NLOK | Hot Stocks07:03 EST Altair CFO Howard Morof to step down, Matthew Brown to succeed - Altair (ALTR) announced that Matthew Brown has been appointed to serve as senior vice president, effective January 1, 2021, and will become Altair's CFO, on March 16, 2021. Brown will succeed Howard Morof, who will be stepping down from the CFO role on March 16, 2021 to pursue new opportunities and personal interests. Brown previously served in finance leadership roles at NortonLifeLock (NLOK), a leading consumer cyber safety company, including as interim CFO from November 2019 to July 2020.
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ENB | Hot Stocks07:02 EST Enbridge sees FY20 DCF per share near the mid-point of $4.50-$4.80 - Re-affirms of 5%-7% average long-term annual distributable cash flow per share growth outlook, based on an equity self-funded model.
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ENB | Hot Stocks07:02 EST Enbridge raises quarterly dividend 3% to 83.5c per share - Enbridge announced that its board has declared a quarterly dividend of 83.5c per common share, payable on March 1, 2021 to shareholders of record on February 12, 2021. The declared dividend represents a 3% increase from the prior quarterly rate and the twenty-sixth consecutive year in which the company has increased its common share dividend.
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CERC | Hot Stocks07:01 EST Cerecor announces FDA acceptance of IND application for CERC-007 - Cerecor announced that its Investigational New Drug Application to study the use of CERC-007 to treat relapsed or refractory multiple myeloma has been accepted by the United States Food and Drug Administration and is now open. The first study will be a U.S. multicenter Phase 1b clinical trial. Initial data is expected in the first quarter of 2021. The planned Phase 1b clinical trial is a U.S. multicenter, open-label, dose-escalation, sequential group study of CERC-007 as a monotherapy in approximately 30 patients with relapsed or refractory MM. The primary objectives of the study will be to determine the safety and tolerability of CERC-007, the recommended Phase 2 dose, and preliminary efficacy as measured by response rate in accordance with International Myeloma Working Group criteria.
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AZO | Hot Stocks06:58 EST AutoZone opened 39 new stores in the U.S in Q1 - During the quarter ended November 21, AutoZone opened 39 new stores in the U.S. and two in Brazil. As of November 21, the company had 5,924 stores in the U.S., 621 stores in Mexico, and 45 stores in Brazil for a total store count of 6,590.
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ACM | Hot Stocks06:57 EST Aecom selected to design Sydney Gateway Road Project in Australia - Aecom announced that it has been selected to provide the civil engineering design for Sydney's $2.6B Gateway Road Project, a new 5-kilometer, above ground, toll-free connection from the recently opened St Peters Interchange to Sydney airport, Port Botany and beyond.
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TMHC | Hot Stocks06:57 EST Taylor Morrison renews $100M stock repurchase program - Taylor Morrison announced that its board has authorized a renewal of its stock repurchase program until December 31, 2021. The stock repurchase program permits the repurchase of up to $100M of the company's common stock. Repurchases of the company's common stock under the program will occur from time to time in open market purchases, privately negotiated transactions or other transactions through December 31, 2021.
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AZO | Hot Stocks06:56 EST AutoZone reports Q1 inventory up 3.7% y/y - The company's inventory increased 3.7% over the same period last year, driven by new stores and improved product assortment.
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BIDU | Hot Stocks06:53 EST Baidu increases share repurchase program to $4.5B from $3B - Baidu announced that its board of directors has authorized a change to the company's share repurchase program, increasing the aggregate value of shares that may be repurchased from $3B to $4.5B. The share repurchase program is effective through December 31, 2022.
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BKE | Hot Stocks06:52 EST The Buckle announces $2.00 per share special cash dividend - The Buckle announced that at its quarterly meeting of the Board of Directors, held on December 7, the Board authorized a $2.00 per share special cash dividend to be paid to shareholders of record at the close of business on December 21. The Board also authorized a 30c per share quarterly dividend to be paid to shareholders of record at the close of business on December 21. Both the $2.00 per share special cash dividend and the 30c per share quarterly dividend are payable on December 29 and will be paid together. The timing of both the special and quarterly dividend is accelerated from last year's payment of both in January 2020.
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X | Hot Stocks06:50 EST U.S. Steel to acquire remaining equity of Big River Steel for about $774M - United States Steel announced it has exercised its call option to acquire the remaining equity of Big River Steel for approximately $774M from cash on hand. The company ended November with approximately $2.9B of liquidity, including over $1.7B of cash. The transaction is expected to be immediately accretive to earnings with the potential for significant synergies to further support long-term value creation. The transaction is subject to satisfaction of customary closing conditions, including antitrust approval, and is expected to close in the first quarter of 2021. U. S. Steel delivered notice of the exercise of its option to acquire the remaining equity in Big River Steel. Under the terms of the 2019 agreement between Big River Steel, U. S. Steel and the other Big River Steel equity holders, U. S. Steel and the relevant parties will enter into a purchase agreement providing for the purchase of outstanding equity interests not already owned by U. S. Steel for an aggregate price of $774M, which will contain customary terms and conditions. In order to preserve certain tax benefits related to Big River Steel's Phase II-A expansion, U. S. Steel will defer the closing of the purchase of a de minimis percentage of the equity in Big River Steel for a limited period.
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QTRHF | Hot Stocks06:38 EST Quarterhill subsidiary awarded $2M follow-on contract in Ukraine - International Road Dynamics, or IRD, a Quarterhill company, announced that it has been awarded a follow-on contract to provide high-speed, virtual weigh-in-motion, or VWIM, systems for four sites in Ukraine. These systems will provide commercial vehicle enforcement, traffic monitoring, and reporting capabilities through a web-based application. The contract is valued at approximately $2M. In September, IRD, in partnership with SEA Electronics, was awarded a $3.3M contract by the Financing of Infrastructural Projects State enterprise in Ukraine to provide VWIM systems at six sites. Under the terms of the new contract, IRD and SEA will supply and install VWIM systems at four additional sites for the Ukrainian road agency, Ukravtodor. Ukravtodor will utilize IRD's roadside equipment and VWIM processing software to collect real-time traffic data and support the enforcement of overweight and oversized commercial vehicles, as well as vehicles that are potentially in violation of local operating regulations.
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BKD | Hot Stocks06:35 EST Brookdale Senior Living says communities are first priority for COVID-19 vaccine - Brookdale Senior Living announced that its communities have been included in the U.S. Department of Health and Human Services' first priority phase for receiving the COVID-19 vaccine. On behalf of the more than one million individuals living in senior living communities across the U.S., Brookdale is pleased that the CDC and its Advisory Committee on Immunization Practices, or ACIP, has prioritized residents and staff members of long-term care facilities in the first phase of the COVID-19 vaccine distribution. Ensuring residents and staff are among the first to receive the vaccine will help limit the spread of this virus in one of the most vulnerable populations.
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CNTG ALNY | Hot Stocks06:34 EST Centogene, Alnylam launch joint clinical screening program - Centogene (CNTG) and Alnylam Pharmaceuticals (ALNY) announced the launch of a new joint clinical screening program: the genetic screening of the at-risk population for hereditary TransthyRetin-related AMyloidosis and longitudinal monitoring of TTR positive subjects. The new TRAMmoniTTR Study is a follow-up to the preceding epidemiological analysis for hereditary TransthyRetin-related AMyloidosis. Since 2017, 5,000 participants from Germany, Austria and Switzerland with polyneuropathy and/or cardiomyopathy of no obvious etiology have been screened for ATTRv as part of the TRAM Study. More than 1% of participants were eventually diagnosed with ATTRv, clinically characterized and regionally mapped. The follow-up TRAMmoniTTR Study will include both symptomatic and asymptomatic TTR positive participants, who will be invited to take part in the longitudinal phase to monitor their clinical status. Using CENTOGENE's metabolomics profiling platform, the company has discovered and now characterizes novel ATTRv biomarkers. Such molecules are crucial to accelerate ATTRv diagnostics and treatment personalization. The monitoring of these biomarkers in TTR positive participants will support the validation process.
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THO | Hot Stocks06:33 EST Thor Industries expects to achieve continued growth in 2021 - "Our financial results were very strong for the first quarter, despite the continued challenges we faced as a result of the pandemic. Our teams have done a great job of managing through what continues to be an uncertain operating environment. We view the current chain constraints to be temporary in nature, and expect to achieve continued growth in fiscal 2021 supported by our October 31st backlog of $8.92 billion," said Bob Martin, president and CEO of Thor Industries.
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FUTU | Hot Stocks06:31 EST Futu Holdings announces agreement to purchase shares by investment firm - Futu Holdings announced that a leading global investment firm has agreed to purchase approximately 50,000,000 Class A ordinary shares of the company in the form of prepaid warrants for an aggregate purchase price of approximately $260M.
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CONN | Hot Stocks06:15 EST Conn's CEO says experienced 'robust year-over-year growth' in Q3 - "Our third quarter results highlight the resilience of our unique hybrid retail and credit business model and the ability to de-risk our credit business while still supporting retail demand through our diverse credit offerings. As a result, we experienced another quarter of robust year-over-year growth of cash and third-party retail sales, which increased 32.7% over the prior fiscal year period and reflect strong demand for home-related products. We are also quickly expanding our digital and omnichannel capabilities to meet surging online trends and e-commerce sales increased nearly 61% during the quarter," stated Norm Miller, Conn's Chairman and CEO. "The performance of our credit segment throughout the COVID-19 crisis demonstrates the success of the adjustments we made earlier this year to mitigate the potential impacts on our business of high unemployment and economic uncertainty. While retail sales financed by our in-house credit offering declined 27.9% from the prior fiscal year, our credit segment is benefitting from newer, higher quality originations and the highest rate of cash collections in over ten fiscal years. In addition, the reduction in the portfolio balance, driven by strong cash collections and higher cash and third-party sales, has contributed to significant year-to-date and third quarter operating cash flow and strengthened our balance sheet. Same store sales improved sequentially reflecting the progress we are making to capture retail sales opportunities while prudently managing credit risk. I am proud of our response to the unprecedented challenges we have faced throughout the COVID-19 pandemic and our continued commitment to protect the health and safety of our employees, customers, and communities. This is a testament to the experience of our senior leadership team, the dedication of our employees and the value our credit and retail products provide our communities. As we successfully navigate this difficult period, I remain confident in the direction we are headed," concluded Miller.
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BKR | Hot Stocks06:12 EST Baker Hughes, Aramco form novel 50/50 Joint Venture - Aramco and Baker Hughes have announced the formation of Novel, a 50/50 Joint Venture to develop and commercialize a broad range of non-metallic products for multiple applications in the energy sector. A ceremony was held December 8 at the project site to commence construction, which was attended by Aramco's Senior Vice President for Technical Services Ahmad Al Sa'adi and Baker Hughes Chairman and CEO Lorenzo Simonelli. The ceremony comes after both companies signed a memorandum of understanding to create a non-metallics JV in July 2019. Novel's new facility is being developed at King Salman Energy Park, in Saudi Arabia's Eastern Province. SPARK is a 50-square-kilometer energy city megaproject which will position Saudi Arabia as a global energy, industrial and technology hub. Initially, the facility will produce onshore non-metallic pipelines - including reinforced thermoplastic pipes - from composite materials.
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TEDU | Hot Stocks06:11 EST Tarena receives proposal to be acquired by Shaoyun Han for $4.00 per share - Tarena has received a preliminary non-binding proposal letter from Shaoyun Han, its founder and chairman of the board, to acquire all of the outstanding Class A ordinary shares of the company that are not already owned by Han and his affiliates for a purchase price of $4.00 per American depositary share, or ADS, each representing one Class A ordinary share, or $4.00 per Class A ordinary share, in cash. The company expects that a special committee of the board, composed solely of independent and disinterested directors, will be formed to consider the proposal letter and the proposed transaction. The company cautions that the board has just received the proposal letter and has not made any decisions with respect to the proposal letter and the proposed transaction. There can be no assurance that the buyer group will make any definitive offer to the company, that any definitive agreement relating to the proposal letter will be entered into between the company and the buyer group, or that the proposed transaction or any other similar transaction will be approved or consummated. The company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.
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AXSM | Hot Stocks06:09 EST Axsome Therapeutics reports 'positive' results from COMET-SI trial of AXS-05 - Axsome Therapeutics announced positive results from the open-label Phase 2 COMET-SI trial of AXS-05 in patients with major depressive disorder who have suicidal ideation (SI). Patients treated with AXS-05 experienced rapid reduction of suicidal ideation, rapid functional improvement, and rapid, substantial, and durable improvements in overall depressive symptoms. The COMET-SI trial evaluated 37 patients with suicidal ideation, defined as a score of greater than or equal to3 on the Suicidality Item of the Montgomery-Asberg Depression Rating Scale, at baseline. Patients were treated with AXS-05 twice daily for up to 12 months. AXS-05 is a novel, oral, investigational NMDA receptor antagonist with multimodal activity. A rapid reduction in suicidal ideation was observed with AXS-05 treatment, as demonstrated by reductions in the MADRS-SI score of 67.6% by Week 1, the earliest time point measured, 73.5% by Week 2, and 82.4% by Week 4. Resolution of suicidal ideation with AXS-05 treatment was achieved by 60.0% of patients by Week 1, 68.8% by Week 2, and 77.8% of patients by Week 4. Resolution was defined as a MADRS-SI score of 0 or 1 on a 0 to 6 scale. The effect of AXS-05 on suicidal ideation in the open-label COMET-SI trial is consistent with new controlled data from the previously completed placebo-controlled GEMINI and active-controlled ASCEND trials of AXS-05 in the treatment of MDD. Integrated analysis from these trials demonstrated rapid reduction in MADRS-SI scores with AXS-05 compared to placebo or active control, which was statistically significant at Week 1, the earliest time point assessed. The improvement in suicidal ideation with AXS-05 treatment in the COMET-SI trial was accompanied by rapid, substantial, and durable improvement in functional impairment, as measured by the Sheehan Disability Scale. The SDS is a patient-rated scale designed to assess function in work, social life, and family life, and is among the most commonly used function scales in depression clinical trials. Functional response on the SDS was achieved after treatment with AXS-05 by 51.4% of patients at Week 1, 62.5% of patients at Week 2, and 76.9% of patients at Week 6. Clinicians reported rapid, substantial, and durable global improvement in depression, measured by the Clinical Global Impression of Improvement scale, in patients treated with AXS-05 in the COMET-SI trial. Marked or moderate improvement in depressive symptoms was achieved after treatment with AXS-05 by 40.0% of patients at Week 1, 59.4% of patients at Week 2, and 69.2% of patients at Week 6. AXS-05 treatment in the COMET-SI trial also resulted in rapid, substantial, and durable improvement in depressive symptoms as measured by the MADRS total score. Patients experienced a mean reduction from baseline in the MADRS total score of 12.9 points at Week 1, 17.8 points at Week 2, and 22.8 points at Week 6. Clinical response on the MADRS (defined as greater than or equal to 50% reduction in total score from baseline) was achieved after treatment with AXS-05 by 25.7% of patients at Week 1, 46.9% of patients at Week 2, and 69.2% of patients at Week 6. Remission from depression was achieved after treatment with AXS-05 by 11.4% of patients at Week 1, 28.1% of patients at Week 2, and 50.0% of patients at Week 6. AXS-05 was well tolerated in the COMET trial. The safety profile observed was consistent with what was previously reported in controlled trials of AXS-05 in MDD, with the most commonly reported adverse events being dizziness, nausea, headache, dry mouth, and decreased appetite.
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NLSN | Hot Stocks06:06 EST Nielsen to launch cross-media solution Nielsen One in 2022 - Nielsen announced its plans to launch a single, cross-media solution to drive more comparable and comprehensive metrics across platforms. Nielsen's cross-media solution, called Nielsen One, will evolve the current metrics that underpin the more than $100B video advertising ecosystem using a phased approach. The company plans to launch its single measurement solution beginning in Q4 2022 with the intention to fully transition the industry to cross-media metrics by the Fall 2024 season. With Nielsen One, advertisers and publishers will be able to transact using a single metric across linear and digital that is independent and standardized across the industry. With a single, deduplicated number, marketers will have visibility into total video consumption regardless of platform or device. Nielsen One will also underpin the company's outcomes solutions, thus enabling the industry to optimize media plans and maximize performance across platforms.
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NOMD | Hot Stocks06:06 EST Nomad Foods says 'firmly on track to achieve the long-term financial targets' - Stefan Descheemaeker, Nomad Foods' CEO, stated, "Our latest expectations have us on pace to achieve a 16th consecutive quarter of organic revenue growth and compounded annual Adjusted EPS growth of 12% since 2016. These preliminary results reinforce the focus and commitment of our entire organization to perform at a high level amidst a global pandemic. We are proud of the track record that we are establishing as a premier packaged food company delivering sustained organic growth, strong free cash conversion and accretive capital deployment. Equally, we are excited by our growth prospects - organically and inorganically - as we recently outlined at our Investor Day." Noam Gottesman, Nomad Foods' Co-Chairman and Founder, commented, "We are delighted to end the year on a strong note and are firmly on track to achieve the long-term financial targets that we shared at our Investor Day just last month, including EUR 2.30 of Adjusted EPS by 2025. Our confidence in the management team and growth strategy are underpinned by the repurchase of our shares, which we continue to see as fundamentally undervalued relative to the historic performance and growth prospects of the business."
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FENG | Hot Stocks06:04 EST Phoenix New Media announces renewal of trademark licenses with Phoenix TV - Phoenix New Media announced that it has, through certain of its affiliated consolidated entities, entered into amendments to the trademark license agreements with a subsidiary of its parent company, Phoenix Satellite Television, or Phoenix TV, to renew such trademark license agreements between the parties entered into on December 8, 2017. The Amendments extended the terms of the 2017 trademark license agreements to December 7, 2023 and covered additional trademarks registered in various classes containing the double-phoenix logo together with the Chinese or English words of "Phoenix New Media" or "ifeng" and other variations. Except for extending the terms and licensing additional trademarks, the Amendments did not change the other terms of the 2017 trademark license agreements.
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CONN | Hot Stocks06:03 EST Conn's reports Q3 SSS down 10.9% - The decrease in retail revenue was primarily driven by a decrease in same store sales of 10.9% and a decrease in repair service agreement commissions, partially offset by new store growth. The decrease in same store sales reflects proactive underwriting changes, combined with industry wide supply chain disruptions in certain product categories, each of which was the result of the COVID-19 pandemic.
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SOL | Hot Stocks06:02 EST ReneSola announces China Ministry of Finance approval for incentive payments - ReneSola announced that China's Ministry of Finance recently approved ten of the company's rooftop projects to receive incentive payments. The company expects to receive payments in 2021. In late November, the Ministry of Finance proposed to review a backlog of renewable energy projects and qualify them in batches for subsidy payments. All qualified projects, specifically those that completed all necessary filings in or after 2006, will be registered. This indicates that the 25 projects totaling 49 MW, which ReneSola Power completed between August 2017 and May 2018, can be incorporated into the Ministry's "subsidy catalog". In early March, the Ministry of Finance proposed to review renewable energy projects and incorporate them into the "subsidy catalog" in batches for projects that were completed before July 31, 2017 or those that had already obtained FIT price in 2019. ReneSola Power has a total of 32 projects in the first batch of qualified projects. Of the 32 projects, 10 projects totaling 28 MW were approved for payments, while the remaining 22 projects of about 62 MW are currently under review.
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BYD... | Hot Stocks05:45 EST U.K. launches review of gambling laws - The U.K.'s Culture Secretary announced a review of gambling laws "to ensure they are fit for the digital age as committed to in the manifesto." Secretary of State for Digital, Culture, Media and Sport, Oliver Dowden, said: "Whilst millions gamble responsibly, the Gambling Act is an analogue law in a digital age. From an era of having a flutter in a high street bookmaker, casino, racecourse or seaside pier, the industry has evolved at breakneck speed. This comprehensive review will ensure we are tackling problem gambling in all its forms to protect children and vulnerable people. It will also help those who enjoy placing a bet to do so safely. This builds upon our clear track record of introducing tough measures to protect people from the risk of gambling harm - banning the use of credit cards, launching tighter age verification checks and cutting the maximum stake on fixed odds betting terminals." The findings will be used to inform any changes to the Gambling Act 2005. 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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LMND | Hot Stocks05:33 EST Lemonade launches in France - Lemonade launched in another European market. Residents of France can now get renters insurance instantly, anytime, and from any device, as well as file claims and get paid through the Lemonade app. The launch marks the third EU country Lemonade has entered, following the Netherlands' launch earlier this year, and Germany in June 2019. Lemonade keeps a flat fee for its operations, and gives unused remaining money to nonprofits, as part of its annual giveback. The company launched its homeowners and renters insurance in New York in late 2016.
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UMC | Hot Stocks05:31 EST UMC reports November sales of NT$14.73M, up 6% - Reports sales from January through November NT$161.53M, up 18.8%.
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TAK | Hot Stocks05:17 EST Takeda Pharmaceutical announces China NMPA approval for Takhzyro - Takeda Pharmaceutical announced that China's National Medical Products Administration, or NMPA, has approved Takhzyro subcutaneous injection for prophylaxis to prevent attacks of hereditary angioedema, or HAE, in patients 12 years and older. Takhzyro is a fully human monoclonal antibody, or mAb, that inhibits the activity of plasma kallikrein, an enzyme which is uncontrolled in people with HAE, to help prevent HAE attacks.
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AMZN BMWYY | Hot Stocks05:15 EST AWS, BMW announce strategic collaboration - Amazon Web Services, or AWS, an Amazon (AMZN) company and BMW (BMWYY) announced a strategic collaboration to further accelerate the automaker's pace of innovation by placing data and analytics at the center of its decision-making. The companies will jointly develop cloud-enabled solutions. As part of the collaboration, the BMW Group will migrate data from across its business units and operations in over a hundred countries to AWS. The move will encompass a number of the BMW Group's IT systems and databases for functions such as sales, manufacturing, and maintenance, and will help them increase agility, achieve new insights, and more quickly innovate new customer experiences. In addition, the companies will invest in enabling and training up to 5,000 BMW Group-affiliated software engineers in the latest AWS technologies and empower the company's global workforce to make better use of data. The companies will upskill and enable BMW employees to better apply data and analytics in their roles and take advantage of the latest cloud technologies. AWS Professional Services and the BMW Group's data scientists will work with BMW Group employees to identify business challenges, evaluate emerging technologies, and develop new cloud-enabled solutions for the automotive industry. For example, the companies plan to develop a natural language processing solution, optimized for terminology used in the automotive industry, that can automatically extract, process, and translate data from diverse text sources like factory reports, social media, and customer-facing chatbots to provide a more comprehensive view of issues across the BMW Group's operations and identify insights relevant to customer service, marketing, compliance, maintenance, and related functions. With the support of AWS training and certification, the BMW Group plans to train up to 5,000 software engineers affiliated with the company, and certify more than 2,000 of that number, on AWS services, with an emphasis on machine learning and data analytics.
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POR NEE | Hot Stocks05:08 EST Portland General Electric starts commercial power generation at Wheatridge - Portland General Electric (POR) announced the start of commercial power generation at the Wheatridge Renewable Energy Facility in Eastern Oregon. Wheatridge is a joint project of PGE and a subsidiary of NextEra Energy (NEE). Wheatridge will be one of the first large-scale energy facilities in the United States to combine wind, solar and battery storage resources at a single location. The 300-megawatt wind farm is now complete and delivering power to PGE customers. The 50-megawatt solar and 30-megawatt battery facilities will be completed by the end of 2021. With the addition of Wheatridge's wind farm, PGE's wind generation portfolio now totals more than 1,000 megawatts nameplate capacity, available from five owned or contracted wind farms in the Northwest - typically generating enough power to serve the equivalent of 340,000 homes. When complete, the solar and battery storage facilities will be among the largest in Oregon. Located just northeast of Lexington in Morrow County, Oregon, Wheatridge's wind farm generates power using 120 wind turbines manufactured by GE Renewable Energy. The facility uses a mix of 2.3-megawatt and 2.5-megawatt machines. Final selection of the specific equipment to be used at the associated solar farm and battery storage facility is still pending. Up to 300 jobs were created at Wheatridge during construction of the wind farm; up to 175 workers will be employed to build the solar and storage sites. Approximately 10 full-time employees will operate the combined facilities once all three components are fully commissioned for service. NextEra Energy purchased the development rights and together with PGE expanded the project scope to include solar generation and battery storage. Power from the project will reach PGE customers in Portland and the north Willamette Valley via a new transmission line, constructed by Umatilla Electric Cooperative, that connects Wheatridge locally with the Bonneville Power Administration's regional grid. PGE now owns 100 megawatts of the wind project. A subsidiary of NextEra Energy Resources owns the balance of the project and will sell its output to PGE under 30-year power purchase agreements. The NextEra Energy Resources' subsidiary is building and will operate the combined facility. PGE expects to invest approximately $155M for its owned portion of the project.
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