Stockwinners Market Radar for January 12, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
HOLI | Hot Stocks20:23 EST Buyer consortium responds to Hollysys' rejection of proposed acquisition - The buyer consortium consisting of CPE Funds Management Limited, Shao Baiqing and Ace Lead Profits Limited today issued a statement in response to the announcement from Hollysys Automation Technologies Ltd. on January 8, 2021 rejecting the December 7, 2020 proposal from the Consortium to acquire all outstanding ordinary shares of the company not owned by the Consortium for $15.47 per share in cash. "Our Proposal provides compelling value to the Company's shareholders at a highly attractive premium, with an offer price representing a premium of 24% to the closing price on December 4, 2020, the last trading day prior to the date of the Proposal, and 34% to the 90-day volume-weighted average price as of December 4, 2020. However, the Company has NEVER engaged with the Consortium to discuss the Proposal. Instead, it quickly engaged in myriad retaliatory and coercive actions against Mr. Shao, including stripping him of his chairmanship of a subsidiary in Ningbo, without cause, in violation of his employment agreement, within one week after the delivery of the Proposal, and spreading malicious misinformation questioning Mr. Shao's ownership interest in the Company and his co-founder status." "We have never before seen a charter document that so blatantly disenfranchises shareholders' rights on a wholesale basis, encompassing economic rights, voting rights, and fundamental ownership rights, all of which are designed to ensure that the current board members remain in power and avoid accountability for their destruction of the value of the Company," the statement continued. "It is manifestly obvious that existing management and board members of the Company do not understand how to run the business successfully, as concretely evidenced by the Company's rapidly deteriorating financial performance. Since the sudden change to the Company's board and management compositions last July, the Company's non-GAAP net income has decreased by 30.2% and non-GAAP diluted earnings per share has decreased by 30.6% as compared to the comparable prior year period. By adopting egregious Charter amendments while rejecting the Proposal without any engagement with the Consortium, we believe that the board has grossly violated its fiduciary duty. The Company's shareholders deserve to realize immediate liquidity with a highly compelling premium for their shares, as illustrated in the Proposal. We urge the board to fulfill its fiduciary obligations to shareholders by engaging with the Consortium to ultimately reach an agreement on the commercial terms of the Proposal. We also urge the shareholders to take immediate, active steps to safeguard their interests and look forward to communicating with other shareholders of the Company regarding the matters described herein.
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SMLP | Hot Stocks19:05 EST Summit Midstream says Double E receives NTP with construction from FERC - Summit Midstream Partners announced that Double E Pipeline, LLC, a joint venture in which SMLP owns a 70% equity interest and serves as the pipeline's operator and construction manager, received its Notice to Proceed with construction, as well as approval of its Implementation Plan, from the Federal Energy Regulatory Commission. Double E has also been granted the necessary rights-of-way on federal lands from the Department of the Interior's Bureau of Land Management and has entered into Memorandums of Agreement regarding treatment and mitigation measures at certain cultural resource sites with the FERC and the State Historic Preservation Officers of New Mexico and Texas. Heath Deneke, President, Chief Executive Officer and Chairman, commented, "We are pleased to report the actions of the FERC and the BLM and also re-affirm our expected Q4 2021 in-service date. Summit has also made good progress on its financing plans related to its 70% share of Double E and intends to announce additional details prior to construction activities beginning later this quarter."
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CAAP | Hot Stocks18:59 EST Corporacion America Airport reports December passenger traffic down 68.8% - Corporacion America Airport reported a 68.8% year-over-year decline in passenger traffic in December 2020. Total passenger traffic in December 2020 dropped 68.8% YoY, reflecting the continued impact of the Covid-19 pandemic on air travel, although showing a slight sequential improvement from the 77.1% and 80.8% declines reported in November and October, respectively. In most of the countries of operations, certain travel restrictions and requirements are in place and passenger demand remains low. International traffic declined by 82.5% YoY, while domestic traffic dropped 67.9% YoY.
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KAR | Hot Stocks18:46 EST KAR Auction CEO: We've moved to a 100% digital business model - In an interview on CNBC's Mad Money, Jim Hallett said going to a 100% digital business model has exceeded the company's expectations. "It's a much more efficient and safe business model," he added. KAR has no plans to revert to the previous model, Hallett noted. He expects to bring more talent back to support the digital platform.
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CLCT | Hot Stocks18:23 EST Adirondack recommends clients not tender Collectors Universe shares - Adirondack stated in a letter, "Dear Collectors Universe Shareholders: Adriondack Retirement Specialists is a Registered Investment Adviser shareholder of Collectors Universe, with ownership of over 271,000 shares representing an approximate 2.9% equity interest in the company. We believe the recently announced $75.25 per share tender offer, a 3.7% premium to the closing price of Collectors' shares prior to the announcement of the proposed transaction, significantly undervalues the company. We are fiduciaries of our shareholders in our RIA, and as such we are to put our clients best interest first. Many of our clients are widowed and 'blue collar retirees,' and we believe that those attempting to buy the company at $75.25 know that this price undervalues the company. The business has reported, in a post COVID world, record sales, backlog, and an optimistic management forecast going forward. At this price, we have high conviction that shareholders would be better served to see CLCT continue as a public company and proceed with the strategic and technology initiatives that are delivering strong financial results and stock price appreciation. Therefore, we will not be submitting our shares into the tender offer as proposed. Three key considerations lead us to oppose the proposed transaction: We believe recently reported financial results show continued strength along with the forecast. We believe the addition of Ms. Lorraine Bardeen to the board , who serves as VP and Chief Technology Officer of World Wide Enterprise and Commercial Industries at Microsoft, was to head a strategy committee that could bring significant digital revenues, as well as more efficient operations, and could add significant value to the company that has yet to be realized. We have reservations about the Board of Directors' decision to recommend approval of the tender offer, as well as the process used to entertain and evaluate the offer. We would prefer to own the company as it currently stands, or a much higher offer would be needed to value the company properly."
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ANCUF CRRFY | Hot Stocks18:23 EST Carrefour approached by Couche-Tard with combination project - France's Carrefour (CRRFY) said that it has been approached "in a friendly manner" by Canada's Alimentation Couche-Tard (ANCUF) with a combination project. Discussions are "very preliminary," Carrefour said.
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FWP | Hot Stocks18:20 EST Forward Pharma says EPO reschedules oral hearing of 355 patent decision appeal - Forward Pharma announced that due to ongoing precautionary measures against the spread of the novel coronavirus, the Technical Board of Appeal of the European Patent Office again has rescheduled the oral hearing of the appeal against the decision of the Opposition Division that revoked the EP2801355 patent. The new hearing date is set for September 6, 2021.
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DMTK | Hot Stocks18:16 EST DermTech says genomic patch testing for melanoma recommended by NCCN - DermTech announced that non-invasive genomic patch testing for melanoma, like DermTech's Pigmented Lesion Assay, has received a recommendation from the National Comprehensive Cancer Network. The recommendation indicates that there is uniform NCCN consensus that the intervention is appropriate. The NCCN Clinical Practice Guidelines in Oncology for cutaneous melanoma recognize the use of noninvasive genomic patch testing to help guide biopsy decisions for cutaneous melanoma.
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RHHBY REGN | Hot Stocks18:05 EST Roche confirms U.S to buy additional doses of Regeneron's Cov-19 cocktail - Roche (RHHBY) confirmed that the U.S. Department of Health and Human Services, HHS and the Department of Defense, DOD, will purchase additional supply of Regeneron's (REGN) casirivimab and imdevimab antibody cocktail for use in non-hospitalised COVID-19 patients as part of Operation Warp Speed. TheUS government said it will provide these additional doses at no cost to patients, though healthcare facilities may charge fees related to administration, and will continue to coordinate allocation of the antibody cocktail to state and territorial health departments. Under the new agreement, the US government will purchase up to 1.25M finished doses of casirivimab and imdevimab by 30 June. Regeneron is already supplying doses to treat approximately 300,000 people, bringing the total potential purchase to over 1.M doses in the US.
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WBA | Hot Stocks18:02 EST Walgreens Boots Alliance makes majority investment in iA - Walgreens Boots Alliance and iA announced that WBA has made a majority investment in iA, a leading-edge provider of software enabled automation solutions for retail, hospital, federal healthcare and mail-order pharmacy markets. WBA's investment will support iA's expansion and further development of pharmacy automation solutions to benefit the entire pharmacy industry.
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SJW | Hot Stocks18:01 EST San Jose Water files generate rate case application with CPUC - San Jose Water Company, a wholly-owned subsidiary of SJW Group, announced the filing of its 2021 General Rate Case application with the California Public Utilities Commission. The application supports a $435M capital investment program to ensure a safe and resilient water system for the customers and communities served. San Jose Water provides water service to over one million people in the greater San Jose metropolitan area. The company has served customers since 1866, and its aging infrastructure must be replaced as it reaches the end of its service life. Since 2005, San Jose Water has spent more than $1.2B to upgrade water infrastructure - ensuring the continued safe and reliable delivery of high-quality water service. "At about a penny a gallon, water remains one of the greatest values and most critical resources that we rely on in our daily lives," said Andy Gere, President and COO. "A safe and reliable water delivery system is essential to hygiene and public safety, and also supports fire protection and economic vibrancy. Our investment in local water infrastructure creates jobs locally and helps to ensure resiliency and reliability for generations to come."
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CME | Hot Stocks18:01 EST CME Group to suspend all political contributions through its PAC - CME Group announced the company will suspend all political contributions through CME Group's Political Action Committee for the foreseeable future. This decision was made in response to the violent attack at the U.S. Capitol last week. In light of this appalling event, the company believes it is critical to reexamine its contribution policies to ensure anyone who receives PAC support shares the values of CME Group.
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CERC | Hot Stocks17:52 EST Cerecor holder Armistice Capital purchases $6.5M in shares - Beneficial owner of Cerecor Armistice purchased 2,500,000 shares of company stock at $2.60 per share on January 8 for a total value of $6,500,000
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REGN | Hot Stocks17:46 EST Regeneron says HHS, DOD to purchase more COVID-19 antibody cocktail doses - Regeneron Pharmaceuticals announced that the U.S. Department of Health and Human Services and the Department of Defense will purchase additional supply of the casirivimab and imdevimab antibody cocktail for use in non-hospitalized COVID-19 patients to meet the federal government's Operation Warp Speed goals. The government has said it will provide these doses at no cost to patients, though healthcare facilities may charge fees related to administration. Under the new agreement, the government will purchase all finished doses of the casirivimab and imdevimab antibody cocktail delivered by June 30, 2021, up to 1.25M doses. Under a previous agreement, Regeneron is already supplying doses to treat approximately 300,000 people, bringing the total potential purchase to over 1.5M doses. "COVID-19 continues to sicken hundreds of thousands of Americans every day and the people of Regeneron are committed to help," said Leonard S. Schleifer, M.D., Ph.D., President and Chief Executive Officer of Regeneron. "Tackling the COVID-19 pandemic will require a combination of public health measures, vaccines and therapeutics. We are pleased to work with the U.S. government to supply our antibody cocktail as an important weapon in this fight."
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BA | Hot Stocks17:40 EST Boeing awarded $1.69B Air Force contract modification for KC-46 aircraft - Boeing has been awarded a $1.69B modification to a contract for Lot Six production of KC-46 aircraft, subscriptions and licenses, and G081 flat file. The contract modification provides for the exercise of an option for an additional quantity of 12 KC-46 aircraft, data, subscriptions and licenses, and G081 flat file being produced under the basic contract. Work will be performed in Seattle, Washington, and is expected to be completed April 30, 2023. FY20 aircraft procurement funds in the full amount are being obligated at the time of award. The Air Force Life Cycle Management Center is the contracting activity.
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T | Hot Stocks17:37 EST NII Holdings reaches settlement pact with AT&T - On January 12, 2021, NII Holdings, Inc. announced that it has reached agreement with AT&T Mobility Holdings B.V., New Cingular Wireless Services, Inc., AT&T Holdings Mexico, S. de R.L. de C.V., and AT&T Comunicaciones Digitales, S. de R.L. de C.V. related to the amount of security needed to secure AT&T's contingent contractual claims in NII's dissolution proceedings. The Settlement resolves the amount of security to be reserved for AT&T pursuant to the dissolution proceedings in the Delaware Court, as well as the open matter regarding the release of the funds from the Mexico Escrow before the Bankruptcy Court. The Settlement provides AT&T with $75M of security for its claims in the dissolution proceedings to be held in an escrow account. The New Escrow Account will be funded by $70M from the Mexico Escrow and $5M that AT&T will pay to NII in full settlement of the interest awarded by the Decision. Funds will be released from the New Escrow Account and the amount of security reserved in the dissolution proceedings will be reduced as seven Mexican tax audits are resolved. In addition, the first $3M released from the New Escrow Account will be held by NII as additional security that may be available to AT&T in the event that the New Escrow Account is exhausted. The balance of the Mexico Escrow, approximately $17.1M, will be immediately released to NII. As a result of the Settlement, NII will file a motion in the Delaware Court requesting approval of an initial distribution of $161M. Any distributions to NII's stockholders are subject to the direction of NII's Board of Directors and approval by the Delaware Court, and will not be made until after the Delaware Court enters an order permitting the distribution. There can be no assurance regarding the timing and provisions of the Delaware Court's order and the Delaware Court may require NII to withhold an aggregate amount of security in excess of the amount that NII currently believes is reasonably likely to satisfy NII's potential claims and liabilities. In addition, NII cannot predict the impact, if any, of the Covid-19 pandemic on the timing of proceedings in the Delaware Court, and it is possible that delays could result. There also can be no assurance as to the timing or amount of any additional distributions that NII may make as part of the dissolution process.
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GVA | Hot Stocks17:32 EST Granite JV awarded $125M Bay City Bridges Project in Michigan - Granite announced that the joint venture team comprised of Granite and Kraemer North America has been awarded a Construction Manager/General Contractor contract by United Bridge Partners for the Bay City Bridges Project in Bay City, Michigan. CM/GC procurement involves the contractor during the design and planning phases and offers a lower risk profile for both the contractor and the owner while increasing the overall value to project stakeholders. This process is designed to promote collaboration and to solicit value-adding feedback from the contractor. As a consolidating partner, the total contract award of $125M is anticipated to be included in Granite's fourth quarter 2020 committed and awarded projects. The scope of work includes the rehabilitation of the existing Liberty Bridge and a complete reconstruction and alignment of the Independence Bridge. Both bridges will remain in service through the duration of the project. Design and preconstruction services are underway, and construction is expected to be complete by the end of 2023.
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KBH | Hot Stocks17:29 EST KB Home sees Q1 housing revenue $1.14B-$1.22B - Sees Q1 average selling price $390.000. Sees Q1 operating income margin 9%-9.3%. Sees active community count down low double digit percentage range.
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KBH | Hot Stocks17:25 EST KB Home expects sequential increase in deliveries in Q1 - Says millennial buyers continue to lead buyer cohorts. Says poised for tremendous 2021. Says remains mindful of pandemic and its ability to disrupt business. Says strongest position the company has been in in over a decade. Comments taken from Q4 earnings conference call.
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IMVT ABBV | Hot Stocks17:02 EST Immunovant appoints Rita Jain as Chief medical Officer - Immunovant (IMVT) announced the appointment of Rita Jain, as Chief Medical Officer. Dr. Jain brings over 20 years of drug development and biopharmaceutical leadership experience to Immunovant, including industry-leading experience in both early and late phase development. Jain is a board-certified rheumatologist who previously served as Senior Vice President and Chief Medical Officer of Akebia Therapeutics. She has led all aspects of clinical development across a diverse set of therapeutic areas including immunology, inflammation, and nephrology, among others. Prior to joining Akebia, Jain was Vice President of Men's and Women's Health and Metabolic Development at AbbVie (ABBV) and served as a Vice President in Pharmaceutical Development at Abbott Laboratories.
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MOR INCY | Hot Stocks16:55 EST MorphoSys, Incyte say Health Canada accepts tafasitamab new drug submission - MorphoSys (MOR) and Incyte (INCY) announced that Health Canada has accepted the New Drug Submission for tafasitamab, an anti-CD19 antibody. The application seeks approval of tafasitamab in combination with lenalidomide, followed by tafasitamab monotherapy, for the treatment of adult patients with relapsed or refractory diffuse large B-cell lymphoma, including DLBCL arising from low grade lymphoma, who are not eligible for, or refuse, autologous stem cell transplant. "With the acceptance of the NDS by Health Canada, review of the data can begin, an important step on the path to making tafasitamab available in Canada for use in combination with lenalidomide in eligible patients with relapsed or refractory DLBCL," said Josee Brisebois, Ph.D., Head of Medical Affairs, Incyte Biosciences Canada. "We intend to work closely with Health Canada as we seek to bring this innovative targeted therapeutic option to the clinical community and to appropriate patients for whom few treatment options exist." The NDS, submitted by Incyte, is based on data from the L-MIND study evaluating tafasitamab in combination with lenalidomide as a treatment for patients with relapsed or refractory DLBCL not eligible for autologous stem cell transplant, and is supported by the RE-MIND study, an observational retrospective study in relapsed or refractory DLBCL. Incyte has exclusive commercialization rights for tafasitamab outside of the United States and, if approved, Incyte will hold the marketing authorization for tafasitamab in Canada. This NDS marks the second marketing application that Incyte Biosciences Canada has made to Health Canada since establishing operations in Canada in April 2020.
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ACLS | Hot Stocks16:36 EST Axcelis jumps 7% to $34.00 after raising Q4 guidance, $100M share repurchase
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KTOS | Hot Stocks16:36 EST Kratos Defense awarded FedRAMP advisory services contract from Elekta - Kratos Defense announced that Elekta has awarded it a contract for Federal Risk and Authorization Management, or FedRAMP, advisory services. Kratos will support the development of a security authorization package for Elekta's ProKnow Software-as-a-Service, or SaaS, offering. Under this award Kratos will complete a compliant FedRAMP security authorization package that can be leveraged for the independent Third Party Assessment Organization audit for that offering, which should ultimately lead to obtaining an Authority to Operate from the federal government. This task will include guiding Elekta through the FedRAMP process, working closely with key Elekta security personnel to ensure that FedRAMP security requirements are implemented and authoring audit defensible documentation to support the FedRAMP security authorization.
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MRUS | Hot Stocks16:35 EST Merus in pacts with medical organizations in Netherlands and Japan for screening - Merus announced collaborations with nationwide medical organizations in the Netherlands and Japan to raise awareness of the eNRGy trial and to provide molecular screening opportunities for patients with cancers that may have neuregulin 1 fusions. In the collaborations, Merus has agreed to support access to next generation sequencing for eligible patients with pancreatic adenocarcinoma in the Netherlands, and pancreatic adenocarcinoma and non-small cell lung cancer, NSCLC, in Japan, aimed to identify the presence of NRG1 fusions and raise awareness of potential paths to enrollment in Merus' Phase 1/2 eNRGy trial of bispecific antibody zenocutuzumab. The collaborating organizations in the two countries are:Erasmus University Medical Center Rotterdam in the Netherlands has agreed to perform a nationwide campaign, in affiliation with the Dutch Pancreatic Cancer Group to raise awareness of next generation genome screening offered by Merus for eligible patients with a diagnosis of pancreatic adenocarcinoma at all 17 pancreatic cancer centers in the Netherlands, and availability of the eNRGy trial for eligible patients. Erasmus MC, based in Rotterdam, is the largest University Medical Center in the Netherlands and is devoted to providing outstanding care, facilitating world-class education and conducting pioneering research. National Cancer Center, NCC,Japan has agreed to provide RNA sequencing, funded in part by Merus, for eligible patients with pancreatic adenocarcinoma and patients with NSCLC to identify NRG1 fusions. Patients with pancreatic adenocarcinoma will be directed to the SCRUM-Japan GI-SCREEN program. Patients with NSCLC will be directed to the LC-SCRUM-Asia program.
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TVTX | Hot Stocks16:33 EST Travere Therapeutics receives orphan drug designation for sparsentan from FDA - Travere Therapeutics announced that the FDA has granted orphan drug designation to sparsentan for the treatment of IgA nephropathy, or IgAN, a rare kidney disorder and a leading cause of end-stage kidney disease, or ESKD. Sparsentan is an investigational product candidate currently being evaluated for the treatment of IgAN, as well as focal segmental glomerulosclerosis in pivotal Phase 3 clinical trials that are expected to report topline data from interim proteinuria assessments in 2021.
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BEN | Hot Stocks16:33 EST Franklin Resources reports preliminary AUM $1.497T as of December 31 - Compared to $1.466T at November 30.
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MRCY | Hot Stocks16:31 EST Mercury Systems earns IPC-1791 qualified manufacturer's certifications - Mercury Systems announced that three of its manufacturing locations received IPC-1791 certifications, earning a place on the IPC Qualified Manufacturer's Listing, QML, as a Trusted Supplier. Mercury is the only OEM in the U.S. to have multiple sites certified to the IPC-1791 standard with two in Hudson, N.H. and one in Phoenix, Ariz. IPC-1791 QML is a facility-level certification based on a "Trusted Electronic Designer, Fabricator, and Assembler Requirements" standard. IPC standards help ensure superior quality, reliability, and consistency in electronics manufacturing. To achieve the status as a trusted source and supplier, manufacturing facilities are vigorously vetted and undergo an intensive audit process to help optimize product quality, reliability, and consistency across the entire supply chain. Stringent requirements for this certification include reviews of a company's product and quality systems, supply chain risk management system, security system, including compliance to export control laws and chain of custody system. "Having earned the QML for our three locations validates Mercury's commitment to delivering high quality, reliable products to our customers," said Amir Allahverdi, senior vice president, Mercury. "We are part of a global network of trusted sources that the industry will look to first and foremost when evaluating potential business partners."
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SSTK | Hot Stocks16:31 EST Shutterstock raises quarterly dividend 24% to 21c from 17c per share - Payable on March 18 to stockholders of record at the close of business on March 4.
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URBN | Hot Stocks16:26 EST Urban Outfitters drops 11% to $27.00 after posting holiday sales decline
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EVER | Hot Stocks16:26 EST EverQuote announces promotion of David Brainard to CTO - EverQuote is pleased to announce that David Brainard has been promoted to Chief Technology Officer. In announcing the promotion, EverQuote co-founder and current CTO Tomas Revesz said: "Since joining, David has been a transformative impact to our engineering organization and accelerated our efforts to drive sustainable growth. He is a tenacious leader with an unparalleled commitment to building a world-class engineering team, through both recruiting and developing internal talent." As CTO, Mr. Brainard assumes responsibility for all of Engineering, encompassing marketplace-wide engineering teams and platforms as well as Security Operations and IT. Mr. Revesz is transitioning into a newly-created role of Chief Architect in which he will continue to guide our technical strategy and vision as well as lead our technical evaluation of corporate development and other new business opportunities. Mr. Brainard joined EverQuote in 2019 and has over 25 years of software development, architecture and management experience at leading organizations
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PRTY | Hot Stocks16:23 EST Party City sees sale of previously announced assets to be closed by year-end - The Company also now expects the previously disclosed sale of a substantial portion of its international operations to close by January 31, 2021. As previously disclosed, the announced sale has a total transaction value of approximately $59 million, including $45M of cash proceeds and approximately $14M of excess cash and other adjustments to be returned to the Company. During the fourth quarter, the Company continued to make progress in improving inventory levels across its stores and distribution network. Consistent with the strategy of rationalizing in-store SKU count and improving working capital velocity, the Company has updated its seasonal assortment strategy to target higher in-season sell-through of merchandise and reduce annual inventory carry-over. The more edited and curated assortments are expected to improve the customer experience by making stores easier to shop and product selections more relevant to consumers, while also improving the efficiency of inventory management and reducing working capital needs. As a result, the Company disposed of approximately $80M in inventory during the fourth quarter that will not be required in future seasons. These updated financial expectations are unaudited, based upon the Company's current estimates and subject to completion of financial and operating closing procedures as of and for the quarter ended December 31, 2020. As previously announced, the Company will be participating in the ICR Conference. The Company is scheduled to host a fireside chat on Wednesday, January 13.
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IVZ | Hot Stocks16:22 EST Invesco reports preliminary AUM $1.349T as of December 31 - An increase of 4.3% versus previous month-end. Total net inflows were $11.9B.
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FARM | Hot Stocks16:21 EST Farmer Bros. announces partnership with High Brew Coffee - Farmer Bros announced a strategic partnership with High Brew Coffee, a manufacturer of ready-to-drink, or RTD, coffee products. Under the agreement, Farmer Brothers will distribute three flavors of High Brew's premium RTD cold brew coffee via their direct-store-delivery, or DSD, routes. The routes are part of the company's DSD network, which made over 50,000 points-of-delivery in the U.S. in the 2020 fiscal year. The cold brew products will initially be pilot tested in three U.S. cities: Chicago, Houston, and Dallas, with the potential to be rolled-out nationally in the future.
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AB | Hot Stocks16:21 EST AllianceBernstein reports preliminary AUM $686B as of December 31 - Up from $668B at the end of November. The 2.7% increase was due to market appreciation, partially offset by modest firmwide net outflows.
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CI NTAP | Hot Stocks16:20 EST Cigna appoints George Kurian to Board of Directors - Cigna (CI) announced that George Kurian has been appointed to Cigna's Board of Directors. His appointment is effective March 1. Kurian currently serves as chief executive officer of NetApp (NTAP).
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PLMR | Hot Stocks16:19 EST Palomar appoints Mark Brose as CTO - Palomar announced that Mark Brose has been appointed CTO. Brose will report directly to his predecessor, the company's COO, Britt Morries, who assumed the role of COO on September 1, 2020. Brose most recently served as VP of engineering at Agosto Inc., a cloud services and development company.
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LOCO | Hot Stocks16:19 EST El Pollo Loco incurs $2.5M in COVID related expenses in Q4 - During the quarter, the company incurred approximately $2.5M in COVID related expenses, of which $1.7M was unanticipated as of its Q3 earnings call. These expenses were primarily due to leaves of absence and overtime pay.
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NKLA | Hot Stocks16:18 EST Nikola secures innovative electric rate schedule with Arizona Public Service Co. - Nikola has secured an innovative electric rate schedule with Arizona Public Service Company that makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry. Nikola is a company dedicated to the advancement of innovative zero-emissions truck solutions and the energy infrastructure required to make this feasible. By facilitating low-cost production of hydrogen, the Arizona Corporation Commission's approval of this rate schedule paves the way for the curtailment of greenhouse gases in the transportation sector, while also providing benefits to key constituents via novel grid-balancing solutions. The unanimous approval of this agreement by the ACC provides Nikola with a competitive electric rate specifically designed for the production, processing, and dispensing of hydrogen. This will support, among other things, enabling a zero-emission heavy-duty freight corridor along the I-10 freeway between Los Angeles and Phoenix. APS's competitive electric rate will help lead the creation of the hydrogen economy in Arizona. Nikola estimates that under the rate structure it will be able to deliver hydrogen at market leading prices and within the ranges required for Nikola to offer competitive lease rates for its trucks customers. The agreement reflects value that results from the curtailment flexibility that Nikola's hydrogen production facilities are expected to provide to the electrical grid. These facilities will be configured to respond to the needs of the grid, for example by reducing Nikola's energy consumption from the electric grid during heatwaves. This agreement will encourage Nikola to deploy capital within the state, increase electric load relating to hydrogen production, and further develop and employ a highly skilled and well-educated workforce.
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ALLY | Hot Stocks16:17 EST Ally Financial announces $1.6B share repurchase plan, declares dividend of 19c - Ally Financial announced that, based on results of the Federal Reserve Board stress test process in December 2020, its board of directors has authorized the company to repurchase up to $1.6B of the company's common stock in 2021. The company will begin repurchasing shares in the first quarter, in accordance with the FRB's modified restrictions that limit combined repurchases and common dividends to an amount that does not exceed the average net income of the four preceding calendar quarters. Additionally, the board of directors declared a quarterly cash dividend of 19c per share of the company's common stock, payable on Feb. 12 to stockholders of record on Feb. 1.
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LOCO | Hot Stocks16:16 EST El Pollo Loco says Q4 system-wide comparable restaurant sales down 0.2% - System-wide comparable restaurant sales for Q4 decreased 0.2%. The decrease consisted of a 3.0% decline in company-operated comparable restaurant sales, partially offset by a 1.8% increase in franchise restaurants. These compare to system-wide, company-operated and franchise restaurant growth of 3.9%, 4.3% and 3.6%, respectively, during Q4 of 2019. System-wide comparable restaurant sales declined approximately 2.0% in Los Angeles and surrounding areas while increasing approximately 3.0% in other markets.
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FTI | Hot Stocks16:16 EST TechnipFMC names Alf Melin CFO - TechnipFMC announced that Alf Melin has been named Executive Vice President and Chief Financial Officer, effective January 25, 2021. Melin has been with the Company since 1995 and has held multiple leadership positions in finance, treasury and operations. He currently serves as Senior Vice President, Finance Operations, where he is responsible for the company's global finance activities across all segments. Additionally, he has direct oversight of finance operations for the Subsea segment. Prior to this, he held various operational roles, including Senior Vice President, Surface Americas, and General Manager, Fluid Control. A graduate of Lund University in Sweden, Melin's service with the company includes eight years in various global locations. This appointment follows the resignation, also effective January 25, 2021, of Maryann Mannen as Executive Vice President and Chief Financial Officer, who is leaving the company to pursue an identified opportunity.
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PTMN | Hot Stocks16:14 EST Portman Ridge Finance CFO Edward Gilpin to retire, Jason Roos to succeed - Portman Ridge Finance (PTMN) announced that its CFO and treasurer, Edward Gilpin, has communicated his plans to retire and that Jason Roos will succeed him as the company's CFO, effective March 1. Gilpin will remain with the company through March 1 to ensure a smooth transition. Roos joined BC Partners LLP in May 2020 and brings nearly 20 years of experience in financial roles, most recently as credit product CFO, where he is responsible for the integrity and accuracy of financial reporting and the overall control environment of the credit business. Prior to joining BC Partners, Roos served in various roles with Wells Fargo (WFC).
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V | Hot Stocks16:14 EST Visa, Plaid announce mutual termination of merger pact - Visa and Plaid announced that the companies have terminated their merger agreement and agreed with the Department of Justice to dismiss the litigation related to the proposed transaction. The proposed transaction was first announced on January 13, 2020. "We are confident we would have prevailed in court as Plaid's capabilities are complementary to Visa's, not competitive," said Al Kelly, Chairman and CEO of Visa Inc. "We believe the combination of Visa with Plaid would have delivered significant benefits, including greater innovation for developers, financial institutions and consumers. However, it has been a full year since we first announced our intent to acquire Plaid, and protracted and complex litigation will likely take substantial time to fully resolve." Kelly added, "We are focused on accelerating our business by advancing our broader strategy and continuing to drive Visa's three growth pillars: consumer payments, new flows, and value added services. We have great momentum to build upon. Over the past year, our Visa Direct solution moved money around the world using multiple card, ACH and RTP networks, growing nearly 70 percent. In addition, our value added services revenue has grown in the mid-to-high-teens. We have great respect for Plaid and the business they have built and look forward to our continued partnership."
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VRTS | Hot Stocks16:12 EST Virtus Investment reports preliminary total AUM $132.2B as of December 31 - The increase in long-term AUM from September 30, 2020 reflected market appreciation and positive net flows, including net inflows in retail separate accounts, open-end funds, institutional accounts, and exchange traded funds.
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KBH | Hot Stocks16:12 EST KB Home says pandemic could still cause further economic disruption - The COVID-19 pandemic and related governmental control measures severely disrupted global and national economies, the U.S. housing market and the Company's business during its 2020 second quarter. During this period, the Company experienced a sizable reduction in its net orders and backlog, protracted supply chain delays and construction cycle time extensions in most of its served markets. With the easing to varying degrees of restrictive public health orders in its served markets beginning in May, the Company's net orders began to rebound significantly following a low point in April as housing demand fueled by the combination of historically low mortgage interest rates, a limited supply of resale inventory and consumers' increasing desire to own a single-family home drove the Company's third- and fourth-quarter net orders to 15-year highs. Though this sharp rise in net orders in the second half generated a substantial expansion in backlog, and positioned the Company for considerable top-line and bottom-line growth next year, the Company's deliveries, revenues and profits for the 2020 fourth quarter reflected the negative effects from the early stages of the pandemic. With the sustained strong housing demand over the 2020 second half, the Company has intensified its land acquisition and development investments to measurably expand its lot pipeline and support future community count growth. In the fourth quarter, the Company increased its investments by 63% from the year-earlier quarter and, as a result, anticipates positive year-over-year community count comparisons beginning in the 2021 second half to drive an increase in community count for the year. In addition, with its ending backlog value up a robust 63% from a year ago, representing potential future revenues of approximately $2.96 billion, its highest level since 2005, the Company expects to achieve significant growth in its scale and profits in 2021. However, this favorable outlook could be affected materially by developments related to the COVID-19 pandemic, including new or more restrictive "stay-at-home" orders and other new or revised public health requirements recommended or imposed by federal, state and local authorities. Until the COVID-19 pandemic has been resolved as a public health crisis, it retains the potential to cause further and more severe disruption of global and national economies, the U.S. housing market and the Company's business, including the Company's net orders, backlog and revenues.
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CB | Hot Stocks16:08 EST Chubb names Jeremiah Konz as Chief Reinsurance Officer - Chubb announced that Jeremiah Konz has been appointed Chief Reinsurance Officer. Currently, Konz is Executive Vice President, Reinsurance Officer for Chubb Overseas General, the company's international general insurance business. In his new role, Konz will have management responsibility for the design and purchase of reinsurance programs for Chubb and its business units globally, managing the company's reinsurance recoverable asset and overseeing relationships with its reinsurers and reinsurance brokers. Konz will also serve as Chairman of Chubb's Reinsurance Security Committee and as a member of its Global Credit Committee. Konz succeeds Michael Kessler, who was appointed Division President of the company's global cyber risk insurance business. Konz will report to John Keogh, President and COO of Chubb. The appointment is effective immediately.
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ABBV | Hot Stocks16:06 EST AbbVie's Allergan Aesthetics enters option to acquire Cypris Medical - Allergan Aesthetics, an AbbVie company, announced that it has entered into a warrant agreement with Cypris Medical, a privately held, medical device company based in Chicago. Following the completion of a clinical trial to be initiated in 2021, Allergan Aesthetics will have the right to exercise an option to acquire Cypris Medical, including the company's Xact device. The planned clinical trial will evaluate the safety and effectiveness of Xact in treating midface descent as well as for neck lifts.
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ACLS | Hot Stocks16:03 EST Axcelis announces new $100M share repurchase program effective for 2021 - Kevin Brewer, executive vice president and CFO said, "The Axcelis Board of Directors has authorized a new $100 million share repurchase program effective for 2021. This new program emphasizes the confidence that management and the board of directors have in Axcelis' operational strength and prospects for the future."
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BECN | Hot Stocks16:01 EST Beacon Roofing COO C. Eric Swank to leave company - Beacon Roofing Supply announced that Chief Operating Officer C. Eric Swank will be leaving the company at the end of February. "Eric's dedication to Beacon, its employees and customers in each of his roles has been critical to the Company's success over the past 16 years. He helped create a culture of operational excellence throughout the Company that has driven shareholder value while building great teams who embody his passion for our customers," said Julian Francis, Beacon's President and Chief Executive Officer. "I wish Eric all the very best in his future endeavors, and I know he will bring great skill and determination to any pursuit." "I could not be more appreciative to have had the opportunity to be part of such a great organization and work with such fine people, both internally and externally," said Mr. Swank. "Leading and being part of Beacon's growth from a large regional player to the nation's largest publicly traded roofing distributor has been incredibly rewarding. Along the way, the careers and lives I have been able to touch and be part of will forever be some of my fondest memories. Beacon is made up of individuals who wake up every day with a desire to help our customers build a better future for themselves and the communities they serve. I look forward to watching that continue for many years to come."
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AIZ | Hot Stocks15:36 EST Assurant announces new $600M share repurchase plan - Assurant announced that the company's Board of Directors authorized a new share repurchase program for up to $600M of the company's outstanding common stock. The new share repurchase program will take effect upon completion of the company's current program, which has approximately $186M of authorization remaining as of December 31, 2020.
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JBLU AAL | Hot Stocks15:23 EST JetBlue, American report commitments to ensure DOT approval of alliance - As announced earlier, JetBlue (JBLU) and American Airlines' (AAL) strategic alliance is moving ahead following review by the Department of Transportation. "Following an approximately six-month review, the DOT has agreed to terminate its review of the alliance in exchange for a series of commitments to ensure the alliance delivers consumers benefits without harming competition. These include growth commitments to ensure capacity expansion, slot divestitures at JFK and at Washington, D.C.'s Reagan National Airport and antitrust compliance measures. Beyond today's agreement with the DOT, the carriers will also be refraining from certain kinds of coordination in city pair markets where they are substantial competitors to each other and there is little service from other airlines," the companies stated.
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NLSN | Hot Stocks15:03 EST Nielsen begins tracking premium theatrical films distributed via streaming - Nielsen announced that it is launching its Theatrical Video On-Demand, or TVOD, measurement service "as a way to capture viewing to movie releases that are directly available to consumers to rent or purchase on demand through streaming/MVPD platforms." Scott Brown, GM Audience Measurement at Nielsen, said: "As this unprecedented pandemic continues to influence consumer behavior, perhaps even through a prolonged state of recovery waves, being able to measure and help clients appropriately monetize new revenue streams has never been more crucial. A bigger question might be what will audiences do following any recovery, how the behavior adopted during stay-at-home orders might influence habits when consumers have the ability to go back to theaters to enjoy that experience and how content creators will leverage data to make the best decisions regarding distribution platforms in the future."
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EXAS | Hot Stocks14:47 EST Exact Sciences announces new data on Cologuard published in cancer journal - Exact Sciences announced data published in Cancer Prevention Research, a Journal of the American Association for Cancer Research, that "expands on foundational clinical study findings to include a key younger population." The company said: "Study results show that among average-risk adults between the ages of 45 and 49 Cologuard demonstrated test specificity of 95.2% in participants with non-advanced precancerous lesions or negative findings at colonoscopy and 96.3% in only those with negative colonoscopy findings. These analyses support potential risk mitigation and cost prevention due to unnecessary diagnostic procedures when using Cologuard as a colorectal cancer screening tool in this younger population."
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AAXN | Hot Stocks14:23 EST DEA to negotiate on sole source basis with Axon for body worn cameras - A post to the SAM.gov website indicates that the Drug Enforcement Administration, or DEA, a division of the Department of Justice, intends to negotiate on a sole source basis with Axon Enterprise for the acquisition of body worn cameras, charger/docking stations and cloud storage; with direct streaming access to Evidence.com. Reference Link
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JBLU AAL | Hot Stocks14:16 EST JetBlue, American to begin introducing key elements of alliance in first quarter - JetBlue (JBLU) and American Airlines (AAL) announced their strategic alliance is moving ahead following review by the Department of Transportation. "Both carriers will begin implementing key aspects of this innovative and customer-focused alliance in phases, offering more seamless connectivity and better travel choices on routes to and from New York and Boston. The carriers also expect this alliance will accelerate each airline's recovery from the pandemic as customers are attracted to the expansion of options and enhanced service. Important components of the alliance will be introduced starting in the first quarter of 2021 and phased in over the course of the year," the companies stated. "With this alliance, American and JetBlue will operate the biggest network for our customers in the Northeast, which will allow American to grow our mainline operations as we recover from the pandemic. We are already planning to launch new international routes to Athens and Tel Aviv this summer, which are just two of many new routes we plan to launch," added Vasu Raja, American's Chief Revenue Officer.
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PXD PE | Hot Stocks14:06 EST Pioneer Natural completes acquisition of Parsley Energy - Pioneer Natural Resources (PXD) announced that Pioneer has completed its previously announced acquisition of Parsley Energy (PE) following the approval by Pioneer and Parsley stockholders of all proposals necessary for completing the all-stock transaction. In connection with the closing of the transaction, Matthew Gallagher and A.R. Alameddine have joined the Pioneer board of directors. Mr. Gallagher and Mr. Alameddine each served on Parsley's board of directors until the closing of the transaction. As previously announced, Parsley stockholders will receive 0.1252 shares of Pioneer common stock for each share of Parsley common stock owned. After the close of trading today, Parsley Class A common stock will no longer be listed for trading on the New York Stock Exchange.
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CWBHF | Hot Stocks13:48 EST Charlotte's Web announces two U.S. utility patents for hemp genetics - Charlotte's Web announced it has been granted U.S. utility patents for its hemp genetics by the United States Patent and Trademark Office. The patents cover two of the company's new feminized seed hybrid hemp varieties developed under the its breeding program. "Achieving the first patented hemp hybrids demonstrates that it is possible to improve hemp through similar methods as other agronomic crops using natural breeding techniques. We believe that 'Kirsche' and 'Lindorea' are some of the hardiest botanical hemp varietals under cultivation." said Bear Reel, Charlotte's Web vice president of cultivation and R&D and the developer of the new varietals.
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FOX FOXA | Hot Stocks13:00 EST Jason Klarman named president of FOX Nation - Jason Klarman has been named President of FOX Nation, announced Suzanne Scott, CEO of FOX News Media, to whom he will continue to report. Klarman will also retain his role as Executive Vice President of Marketing for FOX News Media, overseeing all brand strategy. In making the announcement, Scott said, "Jason is a terrific, creative and collaborative executive who was instrumental to the launch of FOX Nation in 2018. He has been integral to the platform's success from its exceptionally high conversion rate to its low churn. We look forward to him elevating FOX Nation to new heights."
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GOOG GOOGL | Hot Stocks12:52 EST Google launches fund to combat COVID-19 vaccine misinformation - Google said in a blog post that the Google News Initiative is launching a COVID-19 Vaccine Counter-Misinformation Open Fund worth up to $3M. While the COVID-19 infodemic has been global in nature, misinformation has also been used to target specific populations. Some of the available research also suggests that the audiences coming across misinformation and those seeking fact checks don't necessarily overlap. For this reason, the Open Fund is accepting applications from projects that aim to broaden the audience of fact checks, particularly with those who may be disproportionately affected by misinformation in mind. The fund is global and open to news organizations of every size that have a proven track record in fact-checking and debunking activities, or partner with an organization with such recognition. "We will prioritize collaborative projects with an interdisciplinary team and clear ways to measure success," Google said. "For example, eligible applications might include a partnership between an established fact-checking project and a media outlet with deep roots in a specific community, or a collaborative technology platform for journalists and doctors to jointly source misinformation and publish fact checks." Reference Link
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FUV | Hot Stocks12:02 EST Arcimoto joins Zero Emission Transportation Association - Arcimoto announced that it has joined the Zero Emission Transportation Association, a national coalition of more than forty businesses advocating for 100 percent electric vehicle sales by 2030. "We stand at a pivotal point in history, and if we are to create a better world for ourselves and future generations, we need to start right now with a rational, cohesive, and visionary strategy," said Mark Frohnmayer, Arcimoto Founder and CEO. "We are stoked to join ZETA and work with our industry peers that are dedicated to building a cleaner, more sustainable world while at the same time creating thousands of new jobs and dramatically improving the country's infrastructure."
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AMD | Hot Stocks12:01 EST AMD announces ful portfolio of AMD Ryzen 5000 Series mobile processors - AMD announced at CES the full portfolio of AMD Ryzen 5000 Series Mobile Processors, bringing the "Zen 3" core architecture to the laptop market. The company said: "New AMD Ryzen 5000 Series Mobile Processors provide unprecedented levels of performance and incredible battery life for gamers, creators, and professionals. New laptops powered by Ryzen 5000 Series Mobile processors will be available from major PC manufacturers including ASUS, HP and Lenovo, starting in Q1 2021. Expanding its leadership client computing product portfolio featuring the Zen 3 core, AMD also announced the AMD Ryzen PRO 5000 Series Mobile Processors, delivering enterprise-grade security and seamless manageability to commercial users. Throughout the course of 2021, AMD expects a broad portfolio of more than 150 consumer and commercial notebooks based on the Ryzen 5000 Series Mobile Processors." The Ryzen 5000 Series includes high-performance H- and ultra-mobile U-Series processors.
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NOVA | Hot Stocks12:00 EST Sunnova Energy falls -6.7% - Sunnova Energy is down -6.7%, or -$3.48 to $48.33.
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TUP | Hot Stocks12:00 EST Tupperware Brands falls -7.7% - Tupperware Brands is down -7.7%, or -$2.91 to $34.83.
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DDD | Hot Stocks12:00 EST 3D Systems falls -11.1% - 3D Systems is down -11.1%, or -$3.06 to $24.54.
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NM | Hot Stocks12:00 EST Navios Maritime rises 15.0% - Navios Maritime is up 15.0%, or 50c to $3.83.
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RRC | Hot Stocks12:00 EST Range Resources rises 15.9% - Range Resources is up 15.9%, or $1.27 to $9.24.
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GCI | Hot Stocks12:00 EST Gannett rises 20.3% - Gannett is up 20.3%, or 67c to $3.94.
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NEWR SNOW | Hot Stocks11:54 EST New Relic announces integration with Snowflake - New Relic (NEWR) announced in a blog post its integration with Snowflake (SNOW). The company said: "Like any piece of critical infrastructure, once Snowflake starts to play a key role in delivering value to a company or set of users, it's critically important to make sure it's secure, performant, and delivers the data you need in a timely fashion. That sounds like a job for New Relic... Snowflake is becoming ever more popular, but to ensure that its adoption goes smoothly within your organization, you must have a level of observability across different aspects such as performance, costs, and security. With the New Relic Snowflake integration, this is easily achievable." Reference Link
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PFE BNTX | Hot Stocks11:43 EST Canada orders 20M more doses of Pfizer, BioNTech Covid vaccine - Prime Minister Justin Trudeau announced that Canada exercised an option with Pfizer (PFE) and BioNTech (BNTX) to secure an additional 20M doses of its COVID-19 vaccine. The Canadian government had already secured 20M Pfizer doses, and that amount has now doubled by exercising an option in the contract that allowed Canada to access up to 76M additional doses.
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AMD | Hot Stocks11:41 EST AMD shares slightly higher after CEO's keynote at CES - Shares of AMD are fractionally higher in morning trading following President and CEO Dr. Lisa Su's keynote address at the CES conference. AMD is on track to launch the first notebooks with RDNA 2 in the first half of 2021, and consumer will see "mainstream RDNA 2 desktop graphics card designs in the first half of the year as well," the company's Radeon unit tweeted during the event. Su, in her keynote address, said the chip maker was rolling out the Ryzen 5000 Zen 3 series of laptop chip that is expected to debut in about 150 models of laptops this year, with the first models coming out in February. In morning trading, AMD shares are up 30c to $97.55. Reference Link
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WFC | Hot Stocks11:32 EST Wells Fargo launches Office of Consumer Practices - Wells Fargo & Company announced the launch of a new enterprise-wide, consumer-focused advisory group, the Office of Consumer Practices. The OCP will be part of the Chief Operating Office and will be led by Michael Lipsitz, Chief Regulatory and Policy Affairs Executive. The Office of Consumer Practices' work will complement efforts already underway to improve the company's sales practices and its overall customer experience. The group's activities will include: Assessing and advising on consumer-related products, services, and business practices to ensure the consumer's perspective plays a significant role in decision-making; Engaging in all elements of the customer-product lifecycle, including advising on product development processes like terms, conditions, and pricing; Reviewing complaints metrics and other data to help identify and advise on potential consumer-related trends and outcomes; Providing advice on policies, procedures, and training that impact how Wells Fargo interacts with consumers, including older adults and people with disabilities.
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YELP | Hot Stocks11:27 EST Yelp to display user feedback on health, safety practices of businesses - In a company blog post, Akhil Kuduvalli Ramesh, head of consumer product, said, " Last summer, we revamped our COVID-19 section on Yelp pages to allow businesses to easily add information about their updated service offerings and specific health and safety precautions. To give people further confidence to support businesses in their local community, we enabled Yelp users to provide feedback on the health and safety practices they observed at businesses they patronized. Starting today, Yelp will display if users observed, or did not observe, the enforcement of social distancing and staff wearing masks. We know many businesses are prioritizing the health and safety of their customers. This new update further highlights how businesses have adapted to keep their customers safe, and aims to instill confidence in consumers to continue supporting local businesses. We've also added new service offerings and health and safety practices, including "heated outdoor seating," "1:1 sessions available," and "disposable or contactless menu" to help businesses communicate how they're continuing to adapt amidst changing health orders and consumer expectations." Reference Link
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WMT | Hot Stocks11:14 EST Walmart, HomeValet pilot smart box technology for deliveries - In a company blog post, Tom Ward, SVP of Customer Product, Walmart U.S. said, "Beginning this spring, participating customers in Bentonville, Arkansas, will be able to receive deliveries from their local Walmart directly into a temperature-controlled HomeValet-powered smart box placed outside their home. This gives customers the ability to receive secure, contactless deliveries with the peace of mind knowing their grocery items will stay fresh. HomeValet's smart box is powered by an internet of things platform that has three temperature-controlled zones, so it can properly store frozen, refrigerated and pantry items. And when it's time for a delivery to be made, the smart box communicates with the delivery provider's device, giving them secure access to the smart box to complete the delivery." Reference Link
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BA | Hot Stocks11:03 EST Boeing reports 59 commercial airplane deliveries in Q4 - The Boeing Company announced major program deliveries across its commercial and defense operations for the fourth quarter of 2020. "Through the global pandemic, we took meaningful steps to adapt to our new market, transform our business and deliver for our commercial, defense, space and services customers in 2020," said Greg Smith, Boeing executive vice president of Enterprise Operations and CFO. "The resumption of 737 MAX deliveries in December was a key milestone as we strengthen safety and quality across our enterprise. We also continued comprehensive inspections of our 787 airplanes to ensure they meet our highest quality standards prior to delivery. While limiting our 787 deliveries for the quarter, these comprehensive inspections represent our focus on safety, quality and transparency, and we're confident that we're taking the right steps for our customers and for the long term health of the 787 program. As we continue navigating through the pandemic, we're working closely with our global customers and monitoring the slow international traffic recovery to align supply with market demand across our widebody programs. In 2021, we'll continue taking the right actions to enhance our safety culture, preserve liquidity and transform our business for the future."
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UBER | Hot Stocks10:51 EST Uber expands Uber Green to over 1,400 cities in North America - In a blog post, Andrew Macdonald, SVP of mobility and business operations said, "We're excited to kick off 2021 with more actions to increase clean mobility options for riders, drivers and cities...First, we're expanding Uber Green, our EV and hybrid ride option, to 1,400+ new North American cities and towns. Riders in cities like Washington D.C., Austin, Calgary, Houston, Miami, New York City, Tucson, Winnipeg and hundreds more can now choose a greener ride. Drivers also receive an extra $0.50 directly from a $1 rider surcharge for every Uber Green trip completed, with the other half going to support EV adoption. We're also integrating Uber Green into our membership service, Uber Pass, so that Pass members will receive 10% off Green trips just as they would with a standard ride...Next, we're announcing key updates to our partnerships with vehicle manufacturers, charging network providers, and EV rental and fleet companies to help drivers access more savings and make an equitable transition to electric vehicles: Avis EV rentals - Starting in Los Angeles, drivers now can use a zero-emissions vehicle through Avis' new, affordable EV rental program. We'll expand this program nationwide in 2021. Ample Modular Battery Swapping for EVs - Starting this month, drivers in San Francisco can rent a vehicle with Ample technology and quickly swap their electric vehicle batteries in mere minutes, then return to the road fully charged. Expanded EV charging discounts with EVgo - Our partnership with EVgo is providing exclusive savings for drivers on Uber's platform across 800+ U.S. locations, making it more affordable to access out-of-home EV charging...In our drive toward zero emissions, we're continuing to expand our offerings of sustainable alternatives to the personal car... Today we're announcing: Journey Planning is now available in 10+ more cities, including Atlanta, Auckland, Brisbane, Buenos Aires, Guadalajara, Philadelphia, Rome, Bangalore, Chennai, and Mumbai. This means you can plan your entire public transit journey, from swiping through real-time schedules to walking directions to and from transit stations, directly in your Uber app in more than 40 cities globally. Uber and Transit is rolling out in Mexico City and London, having been previously available in Sydney and Chicago. This feature empowers you to lower your emissions and reduce congestion by planning a multimodal trip, combining UberX with walking directions and city bus, subway, or train connections." Reference Link
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PFE | Hot Stocks10:31 EST Pfizer drops 1.8% to $37.10 after giving guidance at JPMorgan conference
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PFE | Hot Stocks10:27 EST Pfizer CEO: 2021 guidance inclusive of revenue from Covid-19 vaccine
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EH | Hot Stocks10:24 EST Ehang to provide UAM services in Hengqin New Area in Zhuhai, China - EHang Holdings announced strategic partnerships with Zhuhai Da Heng Qin Pan-Tourism Development Co., Ltd., Zhuhai Huafa Sports Operations Management Co., Ltd. and Flying World Technology Co., Ltd. to jointly initiate Urban Air Mobility operations for aerial sightseeing and other air mobility services in the Hengqin New Area, the largest island and a Free Trade Zone in southeast Zhuhai in Guangdong Province of China. By establishing AAV experience centers and a suite of supporting service systems, EHang AAVs will be integrated into the daily life of the local population.
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GSAH | Hot Stocks10:12 EST GS Acquisition Holdings Corp II (Class A Stock) trading resumes
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MIME MSFT | Hot Stocks10:08 EST Mimecast informed by Microsoft that Mimecast-issued certificate compromised - Mimecast (MIME) said in a post to its corporate blog: "Microsoft recently informed us that a Mimecast-issued certificate provided to certain customers to authenticate Mimecast Sync and Recover, Continuity Monitor, and IEP products to Microsoft 365 Exchange Web Services has been compromised by a sophisticated threat actor. Approximately 10% of our customers use this connection. Of those that do, there are indications that a low single digit number of our customers' M365 tenants were targeted. We have already contacted these customers to remediate the issue. As a precaution, we are asking the subset of Mimecast customers using this certificate-based connection to immediately delete the existing connection within their M365 tenant and re-establish a new certificate-based connection using the new certificate we've made available. Taking this action does not impact inbound or outbound mail flow or associated security scanning. The security of our customers is always our top priority. We have engaged a third-party forensics expert to assist in our investigation, and we will work closely with Microsoft and law enforcement as appropriate." Reference Link
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GSAH | Hot Stocks10:07 EST GS Acquisition Holdings Corp II (Class A Stock) trading halted, volatility trading pause
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LDGYY | Hot Stocks10:04 EST Landis+Gyr, PayGo announce billing, payments partner agreement - Landis+Gyr and PayGo have signed a partner agreement that authorizes Landis+Gyr to provide PayGo's prepay, digital billing and payment services to its advanced metering customers. Landis+Gyr is now able to offer PayGo to existing and future AMI customers as a premium prepay, digital billing and payment service. Prepayment systems for utility services have proven to deliver benefits for both the customer and utility, giving the customer greater control over their energy usage leading to improved energy efficiency. These programs also reduce the need for security deposits and fees, while lowering debt and improving customer satisfaction.
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RCL | Hot Stocks10:02 EST Royal Caribbean extends suspension of certain cruise lines - Royal Caribbean Group extended the suspension of certain sailings for its cruise lines. Royal Caribbean International suspending sailings through April 30, including Spectrum of the Seas from February 16 through February 28, excluding Quantum of the Seas. Celebrity Cruises suspended sailings through April 30, including the May 1 transatlantic cruise on Celebrity Apex. Silversea Cruises suspended through April 1 and Azamara suspended sailings through April 30. Royal added, "Royal Caribbean International's Quantum of the Seas resumed sailing in Singapore last month with the local government's CruiseSafe Certification. The certification confirms the three- and four-night Ocean Getaways meet the comprehensive health and safety requirements developed by the Singapore government." It said, "Royal Caribbean Group continues to work with our Healthy Sail Panel of globally recognized scientific and medical experts to come back stronger, and we look forward to welcoming our guests back on board."
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IZEA | Hot Stocks10:01 EST Izea awarded seven-figure marketing contract from Fortune 100 Retailer - IZEA Worldwide announced that the company was awarded a seven-figure contract from a Fortune 100 Retailer this week. The retailer is a repeat customer who has expanded its influencer marketing spend with IZEA through 2021. The contract includes both managed services and licensing of IZEA's BrandGraph software. The award of the new contract follows an announcement of new contracts from two Fortune 10 companies, and comes just one week after IZEA reported that its Managed Services bookings increased 48% in Q4 of 2020, as compared to Q4 2019. These expanded agreements with existing customers, combined with a spike in new customer counts over the course of December, have driven strong managed services bookings growth in recent months. Managed services bookings in the first two weeks of January 2021 have now exceeded the total of January and February 2019 combined.
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PSTL | Hot Stocks10:01 EST Postal Realty Trust falls -5.0% - Postal Realty Trust is down -5.0%, or -80c to $15.27.
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DDD | Hot Stocks10:00 EST 3D Systems falls -5.2% - 3D Systems is down -5.2%, or -$1.44 to $26.15.
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WBAI | Hot Stocks10:00 EST 500.com falls -6.2% - 500.com is down -6.2%, or -74c to $11.31.
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SOL | Hot Stocks10:00 EST ReneSola rises 12.4% - ReneSola is up 12.4%, or $2.50 to $22.64.
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CCIV | Hot Stocks10:00 EST Churchill Capital Corp IV rises 13.4% - Churchill Capital Corp IV is up 13.4%, or $1.77 to $14.96.
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STPK | Hot Stocks10:00 EST Star Peak Energy Transition rises 13.5% - Star Peak Energy Transition is up 13.5%, or $4.19 to $35.14.
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ACTC | Hot Stocks09:56 EST Palihapitiya says ArcLight, Proterra merger biggest ever climate investment - Chamath Palihapitiya said via Twitter, "I just made my biggest investment in climate change. $ACTC is merging with @Proterra_Inc to help take it public. I led the $415M PIPE. @Proterra_Inc is NA's #1 EV bus OEM. The company's technology, their lead and their revenues made this a no brainer for me."
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BIOC | Hot Stocks09:53 EST Biocept CEO says well positioned to grow liquid biopsy oncology business - Biocept announced that its President and CEO Michael Nall has issued a letter to stockholders. The letter states in part: "Biocept entered 2021 well-positioned to grow our core liquid biopsy oncology business while continuing to offer RT-PCR testing for the SARS-CoV-2 virus...Among key initiatives for the coming year is to advance our Target Selector CSF assays toward standard of care for diagnosing and monitoring central nervous system metastases. This unique offering afforded by our proprietary rare cell capture technology platform presents an opportunity to serve a sizable market with more than 100,000 patients per year diagnosed with metastatic tumors to the brain in the U.S., as well as a competitive advantage for Biocept within our industry...Our new assays fill a significant market need as the current standard of care, CSF cytology, has very limited sensitivity to detect metastases and provides no information about molecular targets for therapy choice...While CSF assays currently represent a small percentage of our business, we expect volumes to continue to increase each quarter as we progress through 2021...Like other molecular biology companies, our oncology testing business has been impacted by the pandemic. We fully expect test volumes will return to historical levels as the pandemic subsides. In the meantime, our strategy is to take actions that position us for a strong future. Among these is entering into new provider agreements with integrated health systems and other capitated plans that provide quality healthcare delivered cost-effectively. By using a liquid biopsy with blood or CSF, our oncology assays are a cost-efficient means to profile for biomarkers that impact therapy and to monitor disease progression over time...We are now in the process of completing the final validation and testing phase of the COVID-19 assay development project with Aegea Biotechnologies and we expect the assay to be ready for deployment in clinical testing laboratories in the first quarter of 2021."
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GM | Hot Stocks09:48 EST General Motors announces launch of new BrightDrop business unit - General Motors announced a new business, BrightDrop, that it said will offer "an ecosystem of electric first-to-last-mile products, software and services to empower delivery and logistics companies to move goods more efficiently." BrightDrop solutions "are designed to help businesses lower costs, maximize productivity, improve employee safety and freight security, and support overall sustainability efforts," GM said. Mary Barra, GM Chairman and CEO, added: "BrightDrop offers a smarter way to deliver goods and services. We are building on our significant expertise in electrification, mobility applications, telematics and fleet management, with a new one-stop-shop solution for commercial customers to move goods in a better, more sustainable way." BrightDrop's first product to market, the EP1, will be a propulsion-assisted, electric pallet developed to easily move goods over short distances -- for example, from the delivery vehicle to the customer's front door. Available in early 2021, the EP1 can help reduce package touch points, costs and physical strain on delivery drivers, GM said. BrightDrop's second product to market will be the EV600 -- an electric light commercial vehicle purpose-built for the delivery of goods and services over long ranges. It will combine zero-emissions driving with a range of advanced safety and convenience features more common in consumer electric vehicles, GM said.
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MSC | Hot Stocks09:47 EST Studio City falls -3.8% - Studio City is down -3.8%, or -49c to $12.51.
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PSTL | Hot Stocks09:47 EST Postal Realty Trust falls -4.8% - Postal Realty Trust is down -4.8%, or -77c to $15.30.
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LMND | Hot Stocks09:47 EST Lemonade falls -6.0% - Lemonade is down -6.0%, or -$11.03 to $172.23.
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FUBO | Hot Stocks09:47 EST FuboTV rises 15.0% - FuboTV is up 15.0%, or $4.09 to $31.28.
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STPK | Hot Stocks09:47 EST Star Peak Energy Transition rises 15.4% - Star Peak Energy Transition is up 15.4%, or $4.76 to $35.71.
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CCIV | Hot Stocks09:47 EST Churchill Capital Corp IV rises 17.2% - Churchill Capital Corp IV is up 17.2%, or $2.27 to $15.47.
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THRY | Hot Stocks09:45 EST Thryv Holdings Inc trading resumes
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WCC | Hot Stocks09:35 EST Ozop Energy Solutions announces master supply agreement with Wesco - Ozop Energy Solutions announced they have entered into a Master Supply Agreement with WESCO International. This agreement allows Ozop Energy Solutions, via its recently announced wholly owned subsidiary Ozop Energy Systems, access to manufacturers as a key source of products and solutions for the renewable energy market.
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BSGM | Hot Stocks09:35 EST BioSig conducts first patient cases with PURE EP System at Memorial Hospital - BioSig Technologies announced that the Company installed its PURE EP System and conducted first patient cases at Memorial Hospital of South Bend, part of Beacon Health System, in South Bend, Indiana. PURE EP System evaluation is being conducted under the leadership of Vinod Chauhan, M.D. and Deepak Gaba, M.D.
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VMI | Hot Stocks09:34 EST Valley Irrigation, Kusto Group form JV for sustainable agriculture - Valley Irrigation is advancing its collaboration with the Republic of Kazakhstan and announcing its joint venture with private holding company Kusto Group. The strategic, multi-year project will improve sustainability and resource conservation, introduce advanced farm technology to local farmers in the region, and serve as the foundation for making the country an agricultural hub in Central Asia. The newly created JV, which is registered within the Astana International Financial Centre, signed firm contracts committing to the construction of a plant in Kazakhstan for the manufacture of Valley pivots and a volume guarantee from the government of 4,000 machines. The plant's annual production capacity will be at least 1,000 pivot irrigation machines. The agreement will create a network of farms designed to demonstrate advanced irrigation technologies and train local farmers in responsible water management. Valley solutions manufactured in Kazakhstan will serve the domestic market and act as a hub for exports to the region.
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RGLD | Hot Stocks09:33 EST Royal Gold provides Q2 update - Royal Gold announced that its wholly owned subsidiary, RGLD Gold AG, sold approximately 57,500 gold equivalent ounces comprised of approximately 44,500 gold ounces, 461,000 silver ounces and 1,800 tonnes of copper related to its streaming agreements during its fiscal 2021 second quarter ended December 31, 2020. Second quarter stream sales were slightly higher than the previous guidance range of 52,000 to 57,000 GEOs. The Company had approximately 29,500 GEOs in inventory at the end of the second quarter consisting of 21,500 gold ounces, 485,000 silver ounces and 400 tonnes of copper. Inventory at the end of the second quarter was higher than the previous guidance range of 23,000 to 28,000 GEOs primarily due to timing of deliveries
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DCT | Hot Stocks09:31 EST Builders Mutual Insurance selects Duck Creek Suite OnDemand - Duck Creek Technologies announced that existing customer Builders Mutual has made a significant step in their digital transformation efforts, selecting the Duck Creek Suite OnDemand and Duck Creek Industry Content to enhance their online customer experience and maximize internal efficiencies
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BLI | Hot Stocks09:30 EST Berkeley Lights launches Opto Plasma B Discovery 4.0 workflow - Berkeley Lights announced the Opto Plasma B Discovery 4.0 workflow. Opto Plasma B Discovery 4.0 is the industry's premier antibody discovery workflow by advancing from B cells to lead molecules in just 1 week.
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THRY | Hot Stocks09:30 EST Thryv Holdings Inc trading halted, volatility trading pause
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TOMZ | Hot Stocks09:29 EST TOMI SteraMist receives purchase order from Vigilant Hose Company - TOMI Environmental Solutions has received a purchase order from Vigilant Hose Company. Located in the same town that is home to the National Emergency Training Center where emergency professionals from all over the world come to further their training, VHC has the distinction of being the most visited Firehouse in the world. Vigilant Hose Company selected SteraMist technology to ensure the thorough cleaning and sterilization of its training facilities, equipment and vehicles, with the goal of protecting public health while continuing to provide first responder services to the community.
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SHIP | Hot Stocks09:28 EST Seanergy Marine completes $179M financial restructuring - Seanergy Maritime Holdings announced that it has reached final agreements with certain of its senior lenders and junior lender, for the financial restructuring of a total of $179 million, consisting of four senior credit facilities, three junior credit facilities and three junior convertible notes. Following these agreements, the previously announced defaults and cross-defaults have been fully resolved. Pursuant to the restructuring terms, approximately $87 million of debt maturities falling due in 2020 have been extended to future periods, between December 2022 and December 2024, providing Seanergy with a clean two-year runway. In addition, the rescheduling of the amortization payments under certain of the Senior Facilities and the reduction of the interest rate across the junior loans and notes are expected to have a positive impact on the cash break-even of the Company going forward. Moreover, the Company's lenders have agreed to cancel or amend certain financial covenants and security maintenance provisions under the Senior Facilities allowing for additional financial flexibility, including payment of dividends.
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CRD.A CRD.B | Hot Stocks09:27 EST Crawford & Company announces new business line organizational structure - Crawford & Company announced a new business line organizational structure, effective January 1, 2021, in support of its purpose, growth strategy and envisioned future. The new structure aligns the company to three macro businesses - Loss Adjusting, Third Party Administration and Platform Solutions - and positions Crawford to continue leading the industry in innovation, service quality and expertise. Andrew Bart assumes the new role of president, Loss Adjusting, International and Pat Van Bakel assumes the role of president, Loss Adjusting, North America, in addition to his current position as president of Crawford Canada. Mike Jones now leads the international TPA: Broadspire business as president, and Mike Hoberman assumes the role of president TPA: Broadspire, North America upon the retirement of Neil Lentine on February 5, 2021. Larry Thomas, now leads the newly created Platform Solutions as its global president. Crawford's Platform Solutions global service line is comprised of unique offerings with considerable growth potential. These businesses provide digitally enabled solutions that enhance quality and efficiency, in addition to creating compelling claims outcomes for our clients and their policyholders. It will leverage the company's expertise, superior customer service and digital capabilities, making Crawford the embedded partner of choice for our clients. Additional company leadership appointments under the new business structure include Ken Tolson, who assumes the role of global president of the networks business unit within the Platform Solutions global service line, and Charlotte von Krogh, who assumes the role of president, Crawford Europe. Each of these internal promotions showcase the exceptional depth of talent at Crawford and support the goal of making most of our hires from within the company.
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CAPR LZAGY | Hot Stocks09:26 EST Capricor Therapeutics, Lonza enter collaboration for CAP-1002 - Capricor Therapeutics (CAPR) and Lonza (LZAGY) announced that the companies have entered into an agreement for the development of CAP-1002, its leading clinical asset using allogeneic cardiosphere-derived cells technology for the treatment of Duchenne Muscular Dystrophy and complications arising from COVID-19. CAP-1002 completed the positive HOPE-2 phase 2 clinical trial and has been granted orphan drug designation by the FDA for the treatment of DMD. CAP-1002 also received FDA acceptance of its IND application for a phase 2 clinical trial of CAP-1002 in patients with COVID-19 in August 2020, as announced by Capricor. The agreement aims to expand Capricor's manufacturing capacity for potential late-stage clinical trials and commercialization. Operations will begin with a tech-transfer to Lonza's Houston center of excellence, where Lonza will perform process development activities for late-clinical and commercial-scale GMP manufacturing of CAP-1002.
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FIVE | Hot Stocks09:22 EST Five Below reports net sales of $722.3M for the Holiday Period - Five Below announced net sales results for the quarter-to-date period from November 1, 2020 through January 2, 2021. The Company announced that net sales for the Holiday Period increased by 21.1% to $722.3 million from $596.6 million in the comparable nine-week period from November 3, 2019 through January 4, 2020. Comparable sales for the Holiday Period increased by 10.1%. Joel Anderson, President and CEO, said, "We are very pleased with our holiday sales performance, which surpassed our expectations. These strong results illustrate the broad appeal of our Wow offering at amazing values as well as the inherent flexibility of our model and merchandise offering. We featured extreme value products, as well as Wow gifts in our expanded Five Beyond offering, all of which resonated with customers. These sales results were accompanied by gross margins that were in line with our expectations and SG&A leverage that was stronger than planned. As we close out a very strong quarter and unprecedented year, I want to extend our deepest gratitude to our teams across the organization who executed with excellence while maintaining a focus on safety throughout our peak holiday season. We look forward to continuing our growth and to discussing our 2020 results and plans for 2021 on our year-end call in March."
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PS | Hot Stocks09:21 EST Pluralsight acquires Next Tech, terms not disclosed - Pluralsight announced it has acquired Next Tech, a San Diego, California provider of cloud-based computing environments, enabling the authoring and hosting of labs in software development, data science and machine learning. The acquisition of Next Tech enables Pluralsight to strengthen its technology skills platform for customers by integrating hands-on experiences directly into existing content from its network of world-renowned technology experts. Research shows that hands-on skill development can dramatically accelerate the learning process, and combining hands-on opportunities with Pluralsight's expert content will enable Pluralsight's customers and their teams to accelerate their skills transformations. For large enterprises with significant skills development needs, the combination of hands-on experiences with on-demand content in Pluralsight Skills provides the most efficient way to upskilling and reskilling teams.
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SRGA | Hot Stocks09:19 EST Surgalign announces commercial launch of ViBone Moldable - Surgalign Holdings announced the commercial launch and the completion of the first surgery of ViBone Moldable in the US. The first implantation was completed by Dr. Adam Crowl, at OrthoVirgina in Midlothian, VA. ViBone Moldable is the newest orthobiologics solution of Surgalign's bone graft portfolio to support spinal fusion, which currently include ViBone and other advanced bone graft solutions.
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FUBO | Hot Stocks09:19 EST FuboTV to acquire Vigtory, expects to launch sportsbook in 2021 - FuboTV announced it has executed a binding letter of intent to acquire sports betting and interactive gaming company Vigtory, and expects to launch a sportsbook before the end of the year. Terms of the deal were not disclosed. The acquisition is subject to the execution of a definitive acquisition agreement and the satisfaction of certain closing conditions. The acquisition is expected to close in Q1. FuboTV intends to leverage Vigtory's sportsbook platform and digital gaming assets, and its consumer-driven betting technology, to develop a betting experience for Fubo's customers. Additionally, Vigtory has been in discussions for market access agreements in the eastern part of the United States and currently has a deal secured in Iowa through Casino Queen. Vigtory was founded in 2019 by Sam Rattner and backed by SeventySix Capital. Under the proposed acquisition, both Butera and Rattner will join FuboTV's gaming division as president and COO, respectively. Additionally, FuboTV announced more details of its online wagering strategy. Through its December 2020 acquisition of Balto Sports and its content automation software, FuboTV intends to launch a free to play gaming experience this summer. Free to play gaming, which will be available to all consumers whether or not they are FuboTV subscribers, will first launch in a standalone app and later be integrated directly into the fuboTV user experience. By leveraging the Vigtory and Balto acquisitions, fuboTV intends to launch a sportsbook app where consumers can see current betting lines, place a variety of wagers, cash in their winnings and much more across sports. Finally, the company expects to integrate the sportsbook into FuboTV's live TV streaming platform for a viewing and wagering experience.
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NOC... | Hot Stocks09:18 EST Northrop Grumman announces contract award from Lockheed Martin for F-35 - Northrop Grumman (NOC) announced it has received a contract award from Lockheed Martin (LMT) to enable new functionality to protect the 5th Generation F-35 Lightning II multi-role fighter. "As part of a collaborative arrangement between Northrop Grumman, BAE Systems and Lockheed Martin, the three companies will integrate Northrop Grumman's AN/ASQ-242 Integrated Communications, Navigation and Identification and BAE Systems' AN/ASQ-239 Electronic Warfare/Countermeasures system for optimal operational utility," the company stated. "As Lockheed Martin's electronic warfare integrator for all F-35 aircraft, we're committed to equipping our customers with advanced capabilities that help them conduct their missions. "Under this collaborative agreement, we will work closely with Lockheed Martin and Northrop Grumman to enhance the capability of our fully integrated EW system - heightening pilots' situational awareness and helping them evade, engage and defeat modern threats," said Deborah Norton, vice president of F-35 Solutions at BAE Systems (BAESY).
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ZM | Hot Stocks09:18 EST Zoom Video reaches 1M Zoom Phone seats - Zoom Video Communications announced that it has sold one million Zoom Phone seats shortly before it reached the two-year anniversary of the product's general availability. This impressive growth illustrates the value Zoom Phone brings to customers with its strong service performance, reliability, security, enterprise-grade features, seamless integrations, and simplified pricing model.
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GRIL | Hot Stocks09:18 EST Muscle Maker opens second ghost kitchen location in Philadelphia - Muscle Maker announced the opening of its second ghost kitchen location in the Girard neighborhood located in the city of Philadelphia.
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BNGO | Hot Stocks09:17 EST Bionano Genomics announces presentations from Cytogenomics Symposium - Bionano Genomics announced that day one of its five-day Next-Generation Cytogenomics Symposium featured six Saphyr users presenting their results and experiences using the Saphyr system for optical genome mapping to analyze the genomes of patients with genetic disease. The presentations by scientists and clinicians from leading hospitals and medical research institutions in Europe, the US and China discussed results on prenatal testing, infertility, and a wide variety of constitutional genetic disorders.
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DFLYF | Hot Stocks09:15 EST Draganfly selected by Knightscope to integrate vital sign screening technology - Draganfly announced that Knightscope has selected to implement Draganfly's Vital Intelligence technology into its autonomous security robots and embedded applications.
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BIOL | Hot Stocks09:15 EST Biolase announces agreement with Dental Care Alliance - BIOLASE announced an agreement with Dental Care Alliance, or DCA, one of the largest dental support organizations, or DSO, in the U.S. with more than 330 affiliated practices in 20 states, to expand laser adoption and hands-on training programs in targeted geographies. The Company expects the agreement to lead to a rollout across all DCA offices in 2021.
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TER | Hot Stocks09:14 EST Teradyne, Syntiant collaborate to shorten time to market for processors - Teradyne announced that the company's UltraFLEX test platform has enabled AI chip company Syntiant Corp. to successfully ship millions of its microwatt-power, deep learning Neural Decision Processors to customers worldwide.
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FUBO | Hot Stocks09:14 EST FuboTV jumps 12% to $30.36 after announcing sportsbook plans
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RICK | Hot Stocks09:13 EST RCI Hospitality reports Q1 club and restaurant sales $37.8M, down 20.9% YoY - RCI Hospitality Holdings reported sales for its Nightclubs and Bombshells restaurants for the Q1. Results reflect a continued rebound from April 2020 when all locations were closed due to the COVID-19 pandemic. Q1 of FY21 vs. Q1 of FY20: total club and restaurant sales were $37.8M compared to $47.8M, or down 20.9%, consolidated same-store sales were $30.4M compared to $30.9M, or down 1.5%; nightclubs total sales were $24.8M compared to $37.4M, or down 33.7%; nightclubs same-store sales were $20.7M compared to $22.2M, or down 6.8%, bombshells total sales were $13.0M compared to $10.3M, or up 25.4%; and bombshells same-store sales were $9.8M compared to $8.7M, or up 12.0%. During Q1, 24 clubs were open during the full quarter and 26 by period end, and all 10 Bombshells were open, 38 clubs were open, and the ninth Bombshells opened October 2019. As of yesterday, 39 of 48 locations were open. All locations continue to limit occupancy in accordance with coronavirus safety plans, and not all clubs are operating at full schedules, in line with local government restrictions
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FUBO | Hot Stocks09:13 EST FuboTV intends to launch free to play gaming experience this summer - FuboTV announced more details of its online wagering strategy. Through its December 2020 acquisition of Balto Sports and its content automation software, the company intends to launch a free to play gaming experience this summer. Free to play gaming, which will be available to all consumers whether or not they are FuboTV subscribers, will first launch in a standalone app and later be integrated directly into the FuboTV user experience. "By leveraging the Vigtory and Balto acquisitions, fuboTV intends to launch a sportsbook app where consumers can see current betting lines, place a variety of wagers, cash in their winnings and much more across sports they love. Finally, the company expects to integrate the sportsbook into fuboTV's live TV streaming platform for a seamless viewing and wagering experience," the company said in a statement. "We believe online sports wagering is a highly complementary business to our sports-first live TV streaming platform," said David Gandler, co-founder and CEO, FuboTV. "We don't see wagering as simply an add-on product to fuboTV. Instead, we believe there is a real flywheel opportunity with streaming video content and interactivity. Our free to play gaming experience, which will be available to all consumers, will build further scale to fuboTV, essentially acting as another lead generator for driving subscribers to our streaming video platform and, ultimately, our sportsbook. We not only expect sports wagering to become a new line of business and source of revenue, but we also expect that it will increase user engagement on fuboTV resulting in higher ad monetization, better subscriber retention and reduced subscriber acquisition costs."
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SBRA | Hot Stocks09:13 EST Sabra Health Care appoints Michael Costa as chief accounting officer - Sabra Health Care announced that Michael Costa has been appointed chief accounting officer and, in such capacity, has been designated by the company's board as the company's principal accounting officer. Costa currently serves as Sabra's executive VP- finance, a position he has held since August 2017. Previously, Costa held various leadership positions overseeing Sabra's accounting and finance functions since Sabra's inception in November 2010.
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FUBO | Hot Stocks09:11 EST FuboTV acquires Vigtory, expects to launch sportsbook before end of year - FuboTV announced today it has executed a binding letter of intent to acquire sports betting and interactive gaming company Vigtory, and expects to launch a sportsbook before the end of the year. Terms of the deal were not disclosed. The acquisition is subject to the execution of a definitive acquisition agreement and the satisfaction of certain closing conditions. The acquisition is expected to close in Q1 of 2021. FuboTV said it "intends to leverage Vigtory's sportsbook platform and digital gaming assets, and its consumer-driven betting technology, to develop a frictionless betting experience for fubo's customers. Additionally, Vigtory has been in discussions for market access agreements in the eastern part of the United States and currently has a deal secured in Iowa through Casino Queen." Under the proposed acquisition, both Scott Butera and Sam Rattner will join FuboTV's gaming division as president and COO, respectively.
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CMTL | Hot Stocks09:10 EST Comtech announces $1.6M contract renewal agreement - Comtech announced that it has finalized a one-year renewal agreement with a tier-one U.S. mobile network operator for hosted location-based services platforms. The renewal agreement is worth $1.6M..
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CRSR | Hot Stocks09:10 EST Corsair Gaming appoints Thi La as president, COO - Corsair Gaming announced several senior executive moves, including the promotion of Thi La to President and COO. The strategic changes are effective immediately and are designed to add focus across CORSAIR's different product groups. Thi La joined CORSAIR in 2009 as a Vice President overseeing the memory business and has served as COO since 2013. As part of the strategic changes, several other executives have been promoted to lead CORSAIR's main product groups reporting to La. Bertrand Chevalier, who previously served as Chief Sales Officer, will now oversee the Company's gaming peripheral product teams and the recently acquired SCUF Gaming operation as EVP of Gaming Products. The newly hired Geoff Lyons, former CEO of liquid cooling provider CooliT Systems, will take on the role of Senior Vice President of PC Gaming Components, overseeing all PC product teams. As part of the transition, Matthew Hsu, who was previously VP of Research and Development, will take on the role of Senior Vice President of System Products, which includes Corsair Gaming systems, and Origin Systems. Michael Buchanan, previously VP of European Sales, will serve as Senior Vice President of Worldwide Sales. Additionally, Julian Fest, who previously served as Vice President and General Manager of Elgato, will head up CORSAIR's streaming team as Senior Vice President of Streaming Products. La will continue to personally manage the memory product groups. Thi La, along with all other company functions, including finance, human resources, legal, mergers and acquisitions, and strategy, will continue to report to Andy Paul, who will remain as CEO.
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IEA | Hot Stocks09:08 EST Infrastructure and Energy Alternatives secures $100M wind construction contract - Infrastructure and Energy Alternatives announced that the Company has been awarded a wind construction contract valued at approximately $100M. Apex Clean Energy, who develops, constructs, and operates utility-scale wind and solar power facilities across North America, awarded the Lincoln Land project to White Construction, a subsidiary of IEA that manages utility-scale renewable energy and heavy civil infrastructure projects. The award is for the construction of a 300 megawatt utility-scale wind farm in Morgan County, Illinois. Construction on the Lincoln Land Wind farm is expected to begin in January 2021, with an anticipated completion date in late 2021. Apex will manage construction of the project, while IEA will self-perform all of the engineering, procurement and construction needs, including the construction of project roads, the improvement of nearby public roads, the installation of collection systems, foundations, and substations for the farm and the erection of 107 GE wind turbine generators on site.
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MLSS | Hot Stocks09:07 EST Milestone Scientific begins sales of CompuFlo disposables to RMC - Milestone Scientific announced that it has begun selling CompuFlo Epidural and CathCheck disposables to Regional Medical Center.
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LMNL | Hot Stocks09:06 EST Liminal subsidiary receives FDA approval for plasma collection center - Liminal BioSciences announced that the Company's wholly-owned subsidiary, Prometic Plasma Resources, has received FDA approval for its plasma collection center located in Amherst, NY. The center commenced operations and initiated source plasma collection in early 2020, and is now FDA licensed to collect and introduce into interstate commerce human source plasma for further manufacturing in the U.S. The approval follows the FDA's pre-licensure inspection in September 2020.
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AZN | Hot Stocks09:06 EST AstraZeneca to present new data from lung cancer portfolio at WCLC - AstraZeneca announced it will present new data from across the company's "innovative lung cancer portfolio" at the IASLC 2020 World Conference on Lung Cancer, or WCLC, hosted by the International Association for the Study of Lung Cancer, January 28 to 31. "Eleven AstraZeneca medicines and potential new medicines from the pipeline feature in 39 abstracts showcasing the company's leadership across different types and stages of lung cancer, including eight oral presentations with two late breakers," the company said.
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AMIH | Hot Stocks09:05 EST American International Holdings secures financing from investors - American International Holdings announced that it has entered into a Stock Purchase Agreement for the purchase of up to $1,450,000 of Secured Promissory Notes with two institutional investors. Pursuant to the SPA, the Investors purchased $850,000 of the Notes upon closing and have agreed to purchase the remaining $600,000 in Notes upon the Company's timely filing and effectiveness of a registration statement and upon the Company's meeting certain equity conditions and requirements as further defined and described in the SPA. Please see the Company's report on Form 8-K for complete details on this financing. The sale of the Notes included warrants which were granted to each of the Investors and other requirements, as described in greater detail in the Form 8-K. The investment is expected to enable the Company to further invest into marketing, customer acquisition, and additional technologies, products and services associated with its online telemedicine platform, www.ZipDoctor.co. The Company plans to utilize a portion of the proceeds to pay off and eliminate all prior convertible notes outstanding.
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AZN | Hot Stocks09:05 EST AstraZeneca, Recombinetics announce research collaboration on NF1 - Recombinetics announced a research collaboration with AstraZeneca in a first of its kind study to inform the knowledge base of Neurofibromatosis Type 1. NF1 is a pediatric disease that affects 1 in 3,000 births. NF1 patients suffer from a variety of manifestations including learning disabilities, scoliosis, and are predisposed to tumor development. In April 2020, selumetinib became the first FDA approved therapy for NF1 patients for the treatment of symptomatic, inoperable plexiform neurofibromas. Together, AstraZeneca and Recombinetics Inc. will now undertake a study to assess selumetinib for the treatment of cutaneous neurofibromas, using Surrogen's NF1 preclinical platform. The results of this study will provide key insights into whether selumetinib can also be used as an effective treatment for cutaneous neurofibromas, which occur in nearly all NF1 patients.
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SHEN | Hot Stocks09:04 EST Shenandoah achieves MEF 3.0 certification - Shenandoah Telecommunications Company announced that they have achieved MEF 3.0 certification, an internationally recognized certification for Ethernet network services. Shentel is now one of just 31 service providers in the world with this certification. MEF is a non-profit industry forum of network, cloud, and technology providers that develops standards and certifications to empower growth in enterprise digital infrastructure and technology. "The MEF 3.0 Carrier Ethernet Certified Service Provider certification is a validation of network performance. It sets Shentel apart from its competitors by providing higher-valued services that are capable of meeting a customer's unique service demands," said Harris Duncan, Vice President of Engineering and Construction at Shentel.
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DCOM | Hot Stocks09:03 EST Dime Community reports P&I deferrals decreased to $37.1M as of Dec. 31 - Dime Community Bancshares announced a status update on loan deferrals within its portfolio. The Company is seeing positive trends as loans continue to exit deferment. As of December 31, 2020, Principal and Interest deferrals decreased to $37.1M or 0.7% of the total loan portfolio. An additional 3.4% of the portfolio is comprised of loans that are paying full interest and escrow, and only deferring principal payments.
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ABT | Hot Stocks09:03 EST Abbott fulfills government's order of 150M BinaxNOW COVID-19 Ag tests - Abbott is announcing the fulfillment of the federal government's order of 150 million BinaxNOW COVID-19 Ag tests. These rapid tests were distributed through the Department of Health and Human Services to states, territories and targeted entities, such as nursing homes, assisted living facilities, home health and hospice agencies, historically black colleges and universities, and the Indian Health Service. Abbott is also in the final stages of completing its self-funded investment in U.S. manufacturing capacity and is now ready to make tens of millions of BinaxNOW tests available per month for direct purchase to organizations including schools, workplaces and pharmacies. The University of Wisconsin System will be the first customer in the U.S. to secure BinaxNOW at scale, procuring 480,000 tests over six months for use at its universities and branch campuses. Abbott will continue supplying HHS with a total of 30M tests between now and March.
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ONEM | Hot Stocks09:02 EST One Medical extends public COVID-19 vaccination effors - One Medical announced it is continuing to expand its COVID-19 vaccination efforts nationwide, now offering support for community vaccinations in New York City, Los Angeles, Seattle, and the greater San Francisco Bay Area, with plans for more geographies soon. With limited quantities of vaccines currently being provided by local departments of public health, One Medical is administering doses to Phase 1a and select Phase 1b populations in accordance with guidance from local, state and federal health officials. One Medical is also providing complimentary telehealth services to qualifying patients referred by departments of public health during the course of vaccination services, leveraging One Medical's technology platform for vaccine appointment scheduling, second dose vaccine reminders, digital health follow up through video chats and messaging, and data reporting.
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GWW | Hot Stocks09:01 EST Grainger names Deidra Merriwether as CFO - Grainger named Deidra Merriwether, currently Senior Vice President and President, North American Sales and Services, as Chief Financial Officer. She replaces interim CFO Rob O'Keef, who will resume his role as Vice President and Treasurer. The Grainger Business Unit will merge all commercial functions for the Grainger brand in North America into a single organization. "This new structure will help drive profitable share gain and exceptional customer solutions across geographies," the company said in a statement. It added that Paige Robbins, currently SVP, Chief Technology, Merchandising, Marketing and Strategy Officer, has been named SVP and President of the Grainger Business Unit, comprised of Grainger businesses in the United States, Canada, Mexico and Puerto Rico. Merriwether and Robbins will assume their new roles effective immediately.
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OEG | Hot Stocks09:01 EST Orbital Energy launches Eclipse Foundation Group subsidiary - Orbital Energy Group announced the launch of a new subsidiary, Eclipse Foundation Group, a drilled shaft foundation construction company that specializes in providing services to the electric transmission and substation, industrial, communication towers and disaster restoration market sectors, with expertise in water, marsh and rock terrains. Headquartered in Baton Rouge, Louisiana, the Eclipse team is renowned for its expertise in successfully executing projects in difficult environments, such as water, marsh, or rock terrains. Eclipse is led by president Michael Cutrone, a recognized leader in drilled shaft foundations, and who has nearly 30 years of experience in the operation and management of companies serving electric power, telecommunications, and industrial customers.
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NTP | Hot Stocks08:53 EST Nam Tai Property shareholder IsZo issues letter regarding lawsuit - IsZo Capital Management, a long-term shareholder of Nam Tai Property with beneficial ownership of approximately 11% of the Company's outstanding shares, issued the below letter to shareholders regarding its lawsuit in the Eastern Caribbean Supreme Court against Nam Tai, Kaisa Group Holdings Limited's wholly-owned subsidiary Greater Sail Limited and West Ridge Investment Company Limited. In an effort to continue providing shareholders with transparency into our efforts at Nam Tai and address the many questions we have received since commencing litigation in response to the dilutive private placement. IsZo has made public its statement of claim and other helpful materials at www.FixNTP.com/resources. "You are likely aware that IsZo Capital filed a lawsuit against Nam Tai Property in October 2020 after the Company announced a $170M private placement that distributed more than 16M common shares to Kaisa Group Holdings Limited's wholly-owned subsidiary Greater Sail Limited ("and more than 2.6 million common shares to West Ridge Investment Company Limited. Our lawsuit contends that the Kaisa allies currently in control of Nam Tai initiated this dilutive and unjustifiable transaction in response to IsZo obtaining requisite support to convene a meeting of shareholders, whereat investors could vote to reconstitute the Company's Board of Directors. Today's communication intends to deliver an update on the legal process and reinforce our unwavering commitment to facilitating necessary change atop Nam Tai.
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ALEAF | Hot Stocks08:48 EST Aleafia Health launches portfolio of exclusive cultivars - Aleafia Health announced the launch of its portfolio of exclusive cannabis cultivars with highly sought-after strain Wedding Cake. In the Canadian medical cannabis market, it is exclusively available through Emblem Cannabis Corporation, a wholly-owned subsidiary of Aleafia Health. Wedding Cake is licensed through a supply agreement with cannabis brand house Robes Cannabis. GRAMMY Award winning producer and OVO co-founder, Noah "40" Shebib, and Emblem co-founder Max Zavet are BLLRDR's majority owners. The launch is part of a broader expansion of the Company's portfolio of unique cannabis cultivars which will see further strains to enter the adult-use and medical cannabis markets this year.
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STRS | Hot Stocks08:47 EST Stratus Properties announces sale of The Saint Mary for $60M - Stratus Properties announced that on January 11, its subsidiary The Saint Mary completed the sale of The Saint Mary, a 240-unit luxury, garden-style apartment project in the Circle C community in Austin, Texas, for $60M, or $250,000 per unit. William H. Armstrong III, Chairman of the Board, President and Chief Executive Officer of Stratus, stated, "The sale of The Saint Mary is another example of the substantial value we create for our shareholders with our proven approach to developing and owning well-located properties in strong Texas markets. In fact, we believe that the per unit sales price for The Saint Mary is the highest ever recorded in the Austin MSA for traditional garden-style surface-parked apartment product." After closing costs and payment of the outstanding construction loan, the sale generated net proceeds of approximately $34 million. Stratus anticipates receiving approximately $21.3 million from the subsidiary in connection with the sale. Stratus expects to recognize a pre-tax gain on the sale, net of gain allocated to noncontrolling interests, of approximately $14 million. The sale generated an IRR to Stratus of approximately 62% calculated based on the company's carrying value of the property contributed to the project, resulting in an equity multiple of 3.55x. The sale price reflects a 28% premium to the gross value for The Saint Mary used in the calculation of Stratus' estimated net asset value as of December 31, 2019
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ORBT | Hot Stocks08:47 EST Orbit International's Electronic Group reports Q4 bookings in excess of $3M - Orbit International announced that its Electronics Group, reported fourth quarter 2020 bookings in excess of $3,000,000. Deliveries for certain of these orders have already commenced and are expected to continue through the second quarter of 2022. The orders received during the quarter were highlighted by two previously announced orders; an approximately $500,000 order for displays and an approximately $750,000 order for keyboards, both used on major military programs. During the quarter, the OEG also received an order in excess of $500,000 for engineering and qualification testing for an upgrade to an existing unit used on various aircraft programs. Additional orders received during the quarter were for other various keyboards and displays.
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YAYO | Hot Stocks08:46 EST Rideshare Rental receives loan of $500,000 in return for convertible note - Rideshare Rental announced that John Gray, the principal of one of the Company's largest shareholders, the Gray Mars Venus Trust, Arizona 2015, has agreed to extend a loan to the Company in the amount of $500,000, in return for which he will receive a convertible note issued by RSR. The Note will mature after twelve months and the loan will bear interest at a fixed rate of six percent. If the debt represented by the Note is converted by Mr. Gray, either in whole or in part, into shares of YAYO common stock, those shares will have registration rights. The Company will apply the loan extended by Mr. Gray toward its growth strategy and working capital. In addition, John O'Neill, a member of the Company's board of directors, has acquired 100,000 shares of Company common stock, which, in addition to his purchase of 135,000 common shares in June 2020 after becoming a Company director, and his prior open market purchases, brings his total shareholdings to 252,100.
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CLVR | Hot Stocks08:44 EST Clever Leaves signs multi-year partnership with Entourage Phytolab - Clever Leaves Holdings announced that it has entered into a three-year "take or pay" partnership agreement with Entourage Phytolab. Clever Leaves will be paid approximately $11.4M over the term of the agreement to supply certain finished products for distribution through the pharmaceutical and the compassionate care markets in Brazil. In a second agreement, Clever Leaves will also provide active pharmaceutical ingredients for proprietary formulations of Entourage. Supply of the finished products will commence in January 2021, with the APIs also targeting Q1 of 2021.
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HJLI | Hot Stocks08:43 EST Hancock Jaffe Laboratories concludes VenoValve pre-IDE meeting with the FDA - Hancock Jaffe Laboratories announced that it has concluded its VenoValve pre-IDE meeting with the FDA. Topics presented at the meeting included the background and clinical need for the VenoValve, proposed study design, patient monitoring for safety and efficacy, bench testing protocols, and the VenoValve first-in-human results. The proposed protocol for the U.S. pivotal trial is expected to be very similar to the protocol that was used for the VenoValve first-in-human study, which was completed at the end of 2020, and which included endpoints for reflux time, VCSS scores, VAS scores, and VIENES quality of life scores. Patients enrolled in the first-in-human study experienced significant improvements in all study endpoints with no device related adverse events. HJLI expects to propose a single-arm, multi-center study of an estimated 75 patients. Depending on the results of the proposed pivotal study, HJLI could be eligible to apply for pre-market approval to market the VenoValve as early as six months after the last patient in the pivotal trial receives their VenoValve implant. The proposed study will also include a multi-year follow-up observation period. Premarket approval is the FDA process of scientific and regulatory review to evaluate the safety and effectiveness of a Class III medical device before the device can be marketed to the public. Due in part to HJLI's positive first-in-human results, provided that HJLI experiences similar results in the U.S. pivotal trial, feedback from the FDA indicated that a six (6) month study period prior to filing for PMA approval could be sufficient.
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GPRE | Hot Stocks08:42 EST Green Plains completes York USP upgrade - Green Plains announced the completion of its upgrade to United States Pharmacopeia Grade alcohol at its York, Neb. biorefinery. The York upgrade included the installation of a new distillation production unit, and remains capable of producing up to 50 million gallons per year. The York, Neb. biorefinery will be further upgraded to Grain Neutral Spirits by adding additional distillation and processing capabilities to serve other high-value markets, including the beverage alcohol market and will continue to produce USP during construction. The GNS upgrade is expected to be completed during the second quarter of 2021. Fluid Quip Technologies is providing the engineering and construction services to complete the GNS project.
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UAVS | Hot Stocks08:41 EST Ageagle Aerial Systems says State of Iowa chooses HempOverview platform - AgEagle Aerial Systems announced that the Iowa Department of Agriculture and Land Stewardship has licensed the Company's proprietary HempOverview platform to manage the state's online registration, payment processing, comprehensive data collection and compliance oversight of hemp cultivation for the 2021, 2022 and 2023 planting seasons.
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CLRB | Hot Stocks08:41 EST Cellectar Biosciences initiates trial of CLR 131 - Cellectar Biosciences announced the initiation of a pivotal trial for CLR 131 in Waldenstrom's macroglobulinemia. The pivotal trial is designed as a global, non-comparator, single arm, expansion cohort of the currently ongoing Phase 2 CLOVER-1 study of CLR 131. This design is in alignment with the feedback received from the U.S. Food and Drug Administration during the guidance meeting held in September 2020. The study will enroll 50 WM patients who have failed first-line therapy and have failed to respond to, or have progressed while on treatment with a BTK inhibitor. Patients in the trial will receive up to 4 doses of CLR 131 over 2 cycles. The primary endpoint of the trial is response rate as defined as a partial response or better in patients that receive a minimum total body dose of 60 mCi with secondary endpoints of treatment free survival, duration of response and progression free survival. An independent data monitoring committee will perform an interim safety and futility evaluation on the first 10 patients enrolled. The assessment will occur patient by patient and will conclude after the tenth patient is evaluated; there is no planned study stoppage. The trial has been initiated at select US cancer centers and will roll out to additional US and international sites in early 2021.
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LNTH | Hot Stocks08:40 EST Lantheus announces submission of DMF for NM-01 in the U.S. - Lantheus Holdings, the parent company of Lantheus Medical Imaging and Progenics Pharmaceuticals and a global leader in the development, manufacture and commercialization of innovative diagnostic and therapeutic agents and products, announced that it has filed a Drug Master File, DMF, with the U.S. Food and Drug Administration, FDA, for NM-01, a PD-L1 imaging biomarker, and will begin making the biomarker available to academic centers and pharmaceutical companies for use in immuno-oncology (I/O) clinical trials in 2021. NM-01 is a proprietary radiopharmaceutical biomarker using a camelid single-domain antibody and a technetium-99 radioisotope that has demonstrated a high affinity for PD-L1 protein. NM-01 could provide a specific, non-invasive approach to patient assessment, including use in whole-body imaging, or virtual biopsy. NM-01 potentially allows detection of PD-L1 expression in tumors and could be used to evaluate patients before, during, or after treatment with I/O agents, including checkpoint inhibitors, in clinical trials. The market for checkpoint inhibitors is expected to grow from $25B in 2019 to $68B in 2026.1 Lantheus licensed NM-01 from NanoMab Technology Limited in 2019 and plans to provide NM-01 as a clinical research tool, together with support and analytics, to pharmaceutical companies and the largest academic centers conducting clinical study on NM-01 in NSCLC patients.
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GSL | Hot Stocks08:40 EST Global Ship Lease initiates dividend of 12c per share - Global Ship Lease announced that its Board of Directors has initiated a new dividend policy under which the Company intends to pay shareholders a regular quarterly cash dividend of 12c per Class A Common Share with effect from the first quarter of 2021.
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OSTK | Hot Stocks08:39 EST Overstock.com says Echelon can now trade digital preferred shares - Overstock.com announced that Canadian customers of Echelon Wealth Partners can now trade Overstock's Series A-1 shares on the alternative trading system operated by tZERO ATS, LLC, a FINRA member broker-dealer. This is possible through broker arrangements with an existing subscriber to the ATS. In May 2020, Overstock distributed Series A-1 shares as a dividend to Overstock shareholde
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RZLT | Hot Stocks08:38 EST Rezolute initiates Phase 1 study of RZ402 - Rezolute announced the initiation of dosing in a Phase 1 first-in-human clinical study of RZ402, an investigational oral plasma kallikrein inhibitor, for the treatment of diabetic macular edema. The study is a single-center, randomized, double-blind, placebo-controlled, single ascending dose study to evaluate the safety, tolerability, and pharmacokinetics of RZ402 in healthy adult volunteers. The Company expects to complete the study in the first half of 2021.
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SNY | Hot Stocks08:38 EST Sanofi says IPO on Euronext Paris for European API company evaluated for 2022 - Sanofi announced it has chosen "EUROAPI" as the name for the future European company dedicated to the development, production and marketing of active pharmaceutical ingredients, or API, which "will represent the 'made in Europe' API state-of-the-art industrial capabilities and technologies, with approximately EUR 1B in expected sales by 2022. It will rank number 1 in small molecules API, and number 2 on the global API market," according to Sanofi. The project announced by Sanofi in February 2020, consists of creating a standalone company which will combine Sanofi's API commercial and development activities with six of its European production sites. Sanofi also announces the appointment of Karl Rotthier, who was most recently the CEO of Centrient Pharmaceuticals, as the EUROAPI future CEO, effective January 18. "Karl will lead the creation of EUROAPI together with the new company Management Team towards its growth ambitions. EUROAPI will employ 3,200 skilled employees and be headquartered in France. A planned IPO on Euronext Paris would be evaluated with a decision expected by 2022, subject to market conditions," Sanofi stated.
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SPGI | Hot Stocks08:37 EST S&P Global division announces collaboration with financial institutions - S&P Global Market Intelligence, the division of S&P Global that provides data, essential insights and powerful analytics to help navigate the financial markets, and Vertical IQ, a leading provider of industry intelligence, announced a strategic collaboration to share industry research and insights between their respective platforms to support U.S. financial institutions. The collaboration will provide S&P Global Market Intelligence clients with access to Vertical IQ's in-depth reports on industries covering the small-medium-enterprise, or SME, landscape across more than 90% of the U.S. economy, including florists, breweries, laundromats, construction, manufacturing, etc. These comprehensive reports will include insights such as local business industry structure, working capital requirements, financial benchmarks, and tools built specifically for lenders. Vertical IQ also offers local economic profiles for over 300 metro areas and 3,100 counties.
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AZRX | Hot Stocks08:37 EST AzurRx BioPharma, First Wave Bio announce allowance of patent for niclosamide - AzurRx BioPharma and First Wave Bio jointly announced the United States Patent and Trademark Office has provided a notice of allowance for issuance of a patent that covers use of niclosamide as a treatment for COVID-19-associated GI disease. The allowed claims relate to a method for treating a digestive symptom in a subject diagnosed as having a COVID-19 viral infection comprising orally administering an effective amount of niclosamide to decrease the COVID-19 viral RNA load relative to a baseline. AzurRx and First Wave recently entered into an exclusive worldwide licensing agreement with First Wav Bio, for the use of First Wave's patented and proprietary oral and rectal formulations of niclosamide for the treatment of immune checkpoint inhibitor-associated colitis and COVID-19 GI disease. AzurRx anticipates initiating a Phase 2 trial of oral niclosamide, also called FW-1022, in patients with COVID-19, in the first half of 2021.
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SLP | Hot Stocks08:37 EST Simulations Plus in funded pact to enhance PBPK/PD approaches - Simulations Plus announced that it has entered into a new funded collaboration with a large pharmaceutical company to develop machine learning models and enhance physiologically based pharmacokinetics / pharmacodynamics, PBPK/PD, approaches for potential treatments of pulmonary infections. "Significant investments have been made by our partner to identify new oral and/or intravenous therapies for the lung, which will make our technology a centerpiece of their research strategy and enable accurate first-in-human predictions based on in silico, in vitro, and preclinical data," said Dr. Viera Lukacova, chief scientist at Simulations Plus. "We will apply the ADMET Predictor platform to build machine learning models for key endpoints to serve two purposes: to aid scientists in discovery as they screen candidate libraries, and to inform the mechanistic GastroPlus models as lead compounds progress through development. Additionally, the innovative GastroPlus PBPK/PD models will be validated in specific populations and published to increase regulatory understanding and acceptance." "This new collaboration highlights the uniqueness of working with Simulations Plus," added John DiBella, Lancaster division president for the company. "We can take our validated, best-in-class machine learning and PBPK modeling platforms and customize them to our client's specifications as their research priorities are defined. Our expert modelers will also support our partner's teams as they apply the software to their research. The proactive engagement channels we have with our clients globally continues to pay dividends, and we welcome and invite future collaborations across our entire suite of software programs."
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JSDA | Hot Stocks08:35 EST Jones Soda appoints Jamie Colbourne as chairman of the board - Jones Soda appointed Jamie Colbourne as the company's Chairman of the Board. Colbourne served as Jones' interim CEO from April to December 2020, recruited current CEO Mark Murray as a consultant, and worked closely with Murray to plan and implement a growth strategy that has successfully increased the company's revenues and gross margins. He succeeds Michael "Mick" Fleming as board chairman. Colbourne joined the Jones board of directors in December 2020 while still serving as interim CEO. Murray was named President in September and promoted to President and CEO on December 1, 2020.
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ENB | Hot Stocks08:34 EST Enbridge rejects state's notice on easement, says state's action is unlawful - Enbridge responded to Michigan Governor Gretchen Whitmer's attempt to terminate an easement that has been in place since 1953 and thereby close Enbridge's Line 5 dual pipelines located in that easement. Line 5 enables the safe transport of fuel to heat homes and provides energy to Michigan, neighboring U.S. states and Canada's two largest provinces. In a letter responding to the State's November 13 notice, Vern Yu, Enbridge Executive Vice President and President, Liquids Pipelines, wrote, "Our dual lines in the Straits are safe and in full compliance with the federal pipeline safety standards that govern them." Both lines were reviewed and approved for operation by the Pipeline and Hazardous Materials Safety Administration back in June and September of 2020. Yu further stated that Enbridge has no intention of shutting down the pipelines based on the State's unspecified allegations and its violation of federal law. The company has requested that the United States District Court dismiss the State of Michigan's action in that the revocation of the easement is contrary to federal law and that pipeline safety resides with the federal Pipeline Safety Act and its enforcement is the responsibility of an expert federal agency. "The Notice ignores scientific evidence and is based on inaccurate and outdated information," Yu wrote of the State's action. Repeated offers by Enbridge over the past year to meet with State officials to discuss pipeline issues of concern to the State, provide technical information and discuss matters that might be helpful to the State's review of the easement were consistently ignored and dismissed. Consequently, the State made its claim on ill-informed, inaccurate, out of date and unsupportable opinion. In his letter, Yu wrote that the State acted unlawfully in issuing the Notice to revoke and terminate the 1953 easement by attempting to upend federal jurisdiction. Enbridge's response further underscores that the Governor and the DNR Director cannot disregard Michigan laws authorizing the original 1953 easement and the replacement tunnel, nor displace PHMSA, the federal agency responsible for the safety of interstate pipelines. The company, consistent with the past, is offering to meet with the State to resolve any differences. "In the meantime, the dual pipelines will continue to operate safely until they are replaced on completion of the Tunnel Project," wrote Vern Yu.
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SLGG | Hot Stocks08:34 EST Super League Gaming says Winter Wonderland received over 8.6M joins - Super League Gaming announced the success of its most recent youth-focused initiative Winter Wonderland, built entirely in Minehut, Super League's Minecraft community. The Winter Wonderland program, which ran from December 18, 2020 until January 6, 2021, offered Minecraft players a fun-filled snow-covered landscape, complete with holiday-themed structures and a Play Your Way Parkour course, which was supported by Logitech G. The in-game event received more than 8.6 million joins. Throughout just 21 days, gamers spent 165,886 hours within the program, which is the equivalent to 6,912 days or almost 19 years. In addition, the event saw a nearly 45% lift in in-game chat messages within the first 24 hours it was live.
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LPRO | Hot Stocks08:33 EST Open Lending signs Royal Credit Union to Lenders Protection Program - Open Lending announced today that Royal Credit Union, a $3.3 billion institution based in Eau Claire, WI, has selected Open Lending's Lenders Protection program to help grow their auto lending portfolio.
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CVA | Hot Stocks08:32 EST Covanta announces new agreement with the Town of North Hempstead - Covanta announced a new agreement with the Town of North Hempstead, NY for sustainable waste disposal. Instead of landfilling approximately 140,000 tons of waste annually, the Town will now utilize the Covanta Hempstead Waste-to-Energy facility located in Westbury, NY. The agreement commenced January 1 for an initial five-year term with options to extend for an additional 10 years. A fixture in the community for over three decades, Covanta Hempstead sustainably manages waste from residents of various local municipalities by combusting it at extremely high temperatures to generate steam for electricity production. This process is widely recognized for reducing greenhouse gases by eliminating methane emissions from landfills.
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BMRA | Hot Stocks08:32 EST Biomerica COVID-19 antigen rapid test receives CE Mark - Biomerica announced it has received CE Mark for its new COVID-19 Rapid Antigen Test for detection of COVID-19 infection. The Company has already received its first European orders and plans to ship the first part of these orders in the coming weeks. The Company will now begin marketing this product broadly in Europe and other regions outside of the US.
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TLMD | Hot Stocks08:31 EST SOC Telemed appoints new Chief Human Resources and new Chief Customer officers - SOC Telemed announced two key additions to its leadership team with the addition of Stephanie Harris as Chief Human Resources Officer and Ron Egan as Chief Customer Officer. In her role as CHRO, Harris will lead SOC Telemed's people strategy, talent acquisition and development, total rewards, and succession planning. Harris brings nearly 25 years of human resource experience supporting high-growth, private companies, and highly matrixed, $5B + global organizations. Harris joins SOC Telemed from Telular AMETEK, a leader in IoT solutions for the commercial telematics market, where she served as Vice President, Human Resources. As CCO, Egan will lead SOC Telemed's Client Success and Marketing organizations to drive great client experiences as SOC Telemed enters its next phase of growth as a public company. Egan has more than 11 years of healthcare experience in various commercial roles, and joins SOC Telemed from GE Healthcare, where he most recently served as Vice President, Magnetic Resonance Imaging for North America.
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ACTC | Hot Stocks08:30 EST ArcLight Clean Transition Corporation (Class A Stock) trading resumes
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POETF | Hot Stocks08:29 EST Poet Technologies announces special meeting of shareholders - POET Technologies announces its intention to hold a Special Meeting of Shareholders on Friday, February 19, 2021. The Company has set the Record Date for the Special Meeting at January 19, 2021. The purpose of the Special Meeting is to seek authorization from the Company's shareholders to enable the Board of Directors, within its sole discretion, to consolidate the Company's issued and outstanding common shares on the basis of a ratio to be determined from within a range of ratios that will be proposed at the Special Meeting. Additional information, including the time and instructions for virtually accessing and voting at the Special Meeting will be provided at a later date. The decision to seek authorization from the Shareholders for a share consolidation was taken by the Board of Directors after careful consideration of a number of factors, including access to US institutional investors, prospective broadening of US-based investor interest in the Company, and if required, the structuring of potential future financings. In addition, the Board of Directors is of the opinion that the reduced number of Common Shares may better position the Company for a potential future listing on a senior stock exchange.
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ALGT | Hot Stocks08:27 EST Allegiant Travel announces major service expansion with 21 new nonstop routes - Allegiant announces 21 new nonstop routes, including nine routes to three new cities: Portland, Oregon; Key West, Florida, and Jackson Hole, Wyoming. Included as part of this announcement are eight routes that were delayed in 2020 due to the COVID-19 pandemic.
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BELFA | Hot Stocks08:27 EST Bel Fuse announces agreement to purchase EOS Power - Bel Fuse announced that the Company has entered into an agreement with EOS Power Panama Inc. to acquire substantially all of the issued and outstanding shares of EOS Power India Private Ltd.. The Agreement calls for the assumption of certain liabilities and is subject to closing working capital adjustments. Based in Mumbai, India, the EOS business had trailing twelve-month sales of approximately $15 million, and manufactures power products that are well known in the market and the distribution channels. The all-cash transaction is expected to close in the first quarter of 2021, and will be funded with available cash on hand, some or all of which may be sourced from our revolving credit facility.
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AAWW BA | Hot Stocks08:26 EST Atlas Air orders four Boeing 747-8 Freighters - Atlas Air Worldwide Holdings (AAWW) announced it has ordered four new Boeing (BA) 747-8 freighters in a transaction that furthers the company's strategic growth plan. The aircraft will enable the company to meet strong customer demand in the airfreight market, particularly the fast-growing e-commerce and express sectors. The company's business model provides the flexibility to operate these new aircraft for customers or take advantage of dry-leasing opportunities through its Titan Aviation Leasing subsidiary.
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PLRX | Hot Stocks08:23 EST Pliant Therapeutics appoints David Pyott to board of directors - Pliant Therapeutics announced the appointment of Dr. David Pyott, former Chairman and CEO of Allergan, to Pliant's Board of Directors.
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SSKN | Hot Stocks08:22 EST Strata Skin Sciences introduces "Home by XTRAC" business - STRATA Skin Sciences announced the introduction of a new business, branded "Home by XTRAC". Provides an at-home, insurance-reimbursed treatment option for patients with certain skin diseases that do not qualify for in-office treatments; Leverages Company's existing direct-to-consumer advertising and leads; Utilizes in-house Company resources and adds no significant cost; Commenced limited initial shipments and realized insurance payments in 2020; Anticipate a positive impact on revenue and profitability in 2021. STRATA's FDA-approved XTRAC excimer laser delivers a highly targeted therapeutic beam of UVB light to treat psoriasis, vitiligo and atopic dermatitis - skin diseases that impact more than 31 million people in the U.S. today. XTRAC has been shown in more than 150 peer-reviewed clinical studies to be the safest, most effective treatment on the market today. Quick and virtually painless without the side effects of other treatment options, it has been used more than 20 million times worldwide. STRATA has partnered with an existing phototherapy device manufacturer to provide its newly branded Home by XTRAC solution.
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ACTC | Hot Stocks08:22 EST Proterra to become publicly listed through transaction with ArcLight Clean - Proterra announced that it will become publicly listed through a transaction with ArcLight Clean Transition Corp. (ACTCU, ACTC and ACTW), a publicly traded special purpose acquisition company. Upon closing, Proterra's common stock is expected to trade on the Nasdaq under the ticker symbol PTRA. The transaction represents an enterprise value of $1.6B for Proterra. Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. Following the close of the transaction, Jack Allen, Proterra's Chairman and CEO, will continue to lead the company, and Jake Erhard, President, CEO and Director of ArcLight Clean Transition Corp., will join Proterra's board. Proterra, Commercial Electric Vehicle Technology Leader, To Become Publicly Listed Through Transaction with ArcLight Clean Transition Corp. PR Newswire - Jan 12 08:00 EDT Alert hits:All Lis 7-9 And Symbols: NASDAQ-NMS:ACTC, NASDAQ-NMS:ACTCU, NASDAQ-NMS:ACTW Provides Resources to Take Proterra's Proven Portfolio of Next Generation Electric Vehicle Technology to New Levels of Growth Includes $415 Million PIPE Investments Anchored by Daimler Trucks as well as Franklin Templeton, Chamath Palihapitiya, Fidelity Management & Research Company LLC, and Funds and Accounts Managed by BlackRock Proterra to Have up to $825 Million in Cash to Fund Growth Transaction Represents Enterprise Value of $1.6 Billion for Proterra The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight Clean Transition Corp. It is expected to close in the first half of 2021, subject to the satisfaction of customary closing conditions, including the approval of ArcLight Clean Transition Corp.'s shareholders. The transaction is expected to deliver approximately $648M in cash at closing, including approximately $278M of cash held in ArcLight Clean Transition Corp.'s trust account from its initial public offering in September 2020.1 The transaction is further supported by a $415M PIPE at $10.00 per share from key investors, including strategic partners Daimler Trucks and Constellation, existing investors Franklin Templeton, Broadscale, 40 North and G2VP, as well as new investors such as Chamath Palihapitiya, Fidelity Management & Research Company LLC, funds and accounts managed by BlackRock, Neuberger Berman Funds and affiliates of ArcLight. Proterra's existing shareholders have agreed to convert 100% of their ownership stakes into the new company, and are expected to own more than 60% of the pro forma company at close.
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FNKO | Hot Stocks08:21 EST ChizComm Beacon Media announces contract with Funko - ChizComm Beacon Media announced that it has signed with leading pop culture consumer products company Funko to handle multi-platform media for their newest toy line, Snapsies. ChizComm Beacon Media has been awarded Funko, kids media across linear, digital, VOD, OTT, influencer, search, and social which includes their new @originalfunkokids YouTube and Instagram channels.
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CHFS | Hot Stocks08:21 EST CHF Solutions announces patent application for catheter - CHF Solutions announced the submission of a patent application for a peripheral vascular access catheter for use with its Aquadex system. The new dual lumen ultrafiltration catheter optimizes blood flow, prevents kinking, and is customizable for each patient, eliminating the need for multiple catheter sizes.
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ADP ICE | Hot Stocks08:20 EST ADP, ICE in plans foralternative data offering for U.S. municipal bond market - Intercontinental Exchange (ICE) and ADP (ADP) announced plans to launch a new alternative data offering for the U.S. municipal bond market. This first joint offering leverages ICE Data Services' background in turning unstructured data into actionable insights and ADP's deep expertise with workforce data. Initially, this data will be available through the Snowflake Data Marketplace and directly from ICE Data Services. The U.S. municipal bond market is broad with approximately one million individual bonds from 60 thousand issuers. While there are some well-known larger issuers, such as state or city metropolitan authorities, most of those one million bonds are issued by smaller issuers such as local school districts or hospitals. Because of this, the available data for a majority of issuers can be scarce and is frequently historically derived and dated. ICE is a market leader in providing risk management tools, including analytics, pricing, reference data, indices and execution services for the municipal bond market. This new offering combines ICE Data Services' significant expertise in municipal bond pricing and reference data with ADP's aggregated, anonymized and timely HR and compensation data. This synergy will create tools and analytics designed to help decisionmakers evaluate municipal bond issuers throughout the U.S. "Due to varying factors including the vast number of issuers, investors have traditionally struggled with transparency and data consistency in the municipal bond markets," said Lynn Martin, President of Fixed Income and Data Services at ICE. "By creating analytics utilizing ADP's data and combining with ICE's market leading pricing and reference data, we're able to provide our clients with more transparency into the tax base and revenues that support municipalities across the country, giving a richer understanding of an issuer's creditworthiness."
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RNSDF PLUG | Hot Stocks08:19 EST Renault, Plug Power sign MOU to launch joint venture in France - Groupe Renault (RNSDF) and Plug Power (PLUG) announced the signature of a Memorandum Of Understanding to launch a 50-50 joint-venture based in France by the end of the first half of 2021. This strategic JV will position Groupe Renault and Plug Power to become key players in Europe in the research and development, transformation, manufacturing and sale of fuel cell-powered vehicles and hydrogen turn-key solutions in the coming years. This joint-venture platform will serve the fast-growing market of fuel cell light commercial vehicles, taxis, and commercial people transportation. Bringing complementary and competitive strengths together, this joint venture will build on Groupe Renault's pioneering experience in new energies and strong position in electric light commercial vehicles and on Plug Power's 20 years of experience in fuel cell technologies and hydrogen solutions. A global leader in hydrogen ecosystem solutions, Plug Power has deployed over 40,000 fuel cell systems, designed and built 110 refueling stations that dispense more than 40 tons of hydrogen daily, and is a technology leader in green hydrogen solutions via electrolysis. The company intends to offer unique, comprehensive, differentiated products and solutions to the LCV market, designed around 3 key pillars: R&D: Groupe Renault and Plug Power intend to establish an Innovation Center for the development of fuel cell technology and hydrogen fuel cell LCV vehicles based on existing and future Groupe Renault platforms. The initial focus will be on the heavy van segment utilizing the Traffic and Master vehicle platforms. This center will be unique in combining R&D efforts of fuel cell and vehicles with integrated engineering teams. Manufacturing: the joint-venture will combine the vehicle manufacturing capabilities of Groupe Renault with the fuel cell and hydrogen system manufacturing knowledge of Plug Power, establishing a vertically integrated fuel cell stack and system manufacturing center in France for integration into LCV vehicle platforms. In addition, this manufacturing center will provide hydrogen refueling systems, a key part of the hydrogen ecosystem. Sales: this partnership will create a hydrogen vehicle eco-system solution company that offers vehicles, hydrogen fueling stations, hydrogen fuel, and services to customers. This comprehensive solutions approach will accelerate adoption by commercial fleets. The JV will start commercializing fuel cell LCV's in Europe starting in 2021 with pilot fleet deployments. Groupe Renault and Plug Power will provide the stand-alone joint-venture with the required resources to achieve its objectives. Finalization of this joint venture is pending on the conditions normally applicable to this kind of operation, among which the presentation to employee representative bodies in accordance with applicable regulations and the potential clearance from the relevant competition authorities and should be completed by the end of the first half of 2021.
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ITP | Hot Stocks08:19 EST IT Tech Packaging applies license for its surgical mask in Hebei province - IT Tech Packaging announced it is applying the license for its new single-use surgical masks from local food and drug administration in Hebei province amid strong market demands. The license is expected to be gained at the end of this month. At the meantime, production of its single-use face masks is now in full capacity as the number of confirmed Covid-19 cases surged again and anti-Covid-19 efforts become increasingly normalized globally. Launched in April, 2020, the single-use face mask production line produces 100,000 masks per day with an estimated gross margin of roughly 40%.
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THM | Hot Stocks08:18 EST International Tower Hill Mines announces 2021 budget of $5.6M - International Tower Hill Mines announced that the Board of Directors has approved a 2021 budget of $5.6M and endorsed the associated 2021 work program to advance the Livengood Gold Project. The key element in the 2021 work program is the completion of the Pre-Feasibility Study on the Livengood Gold Project that is planned for release in October 2021. The comprehensive study was begun in July of 2020 and will further de-risk and identify the optimal project configuration. The company has engaged BBA, Inc. as its lead consultant and has retained Whittle Consulting, Resource Modeling, Inc., Resource Development Associates, Easton Process Consulting, and NewFields Companies, LLC to provide specialized technical support.
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CRNC | Hot Stocks08:17 EST Cerence announces Cerence Look product - Cerence introduced Cerence Look, a new product that enables drivers and passengers to interact with points of interest outside the car, delivering the knowledge and intuition of a human copilot via the automotive assistant. Cerence Look is first being deployed by Mercedes-Benz in its new Travel Knowledge feature in the new generation MBUX.
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GNTX | Hot Stocks08:17 EST Gentex announces nanofiber sensing technology - Gentex Corporation announced the acquisition of a new nanofiber sensing technology capable of detecting a wide variety of chemicals, from explosives to volatile organic compounds, with widespread application in a multitude of industries. Gentex's new nanofiber technology can detect a wide variety of chemicals, including explosives, drugs, VOCs, toxic industrial chemicals, amines, and more. The technology and patents were included in Gentex's 2020 acquisition of the Utah-based startup, Vaporsens, which was founded by University of Utah professor Dr. Ling Zang. Zang invented the technology and launched Vaporsens with assistance from the Partners for Innovation, Ventures, Outreach & Technology Center at the University of Utah. The core of Vaporsens' chemical sensor technology is a net of nanofibers approximately one thousand times smaller in size than human hair. Their porous structure allows them to absorb targeted molecules from sampled gas and identify them via changes in their electrical resistance. The technology allows for the rapid detection of target chemicals with high sensitivity in the parts per billion and parts per trillion ranges.
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TESS | Hot Stocks08:14 EST Tessco board, Robert Barnhill issue joint statement - TESSCO Technologies, its Board of Directors and Mr. Robert Barnhill issued the following joint statement. "We have recently concluded a difficult and at times contentious consent solicitation process. During the process, we listened to a variety of views from our shareholders on the composition of our board. TESSCO shareholders also were clear that they believe the board and management should now turn its full attention to improving TESSCO's shareholder returns. "As of today, TESSCO's Board is comprised of seven individuals: Sandip Mukerjee, Jay Baitler, Tim Bryan, Paul Gaffney, Kathleen McLean, Stephanie Dismore and Robert Barnhill. The board members unanimously express confidence that the board is comprised of the right individuals to guide TESSCO going forward, and that no other changes to the composition of the board are currently envisioned until the previously announced board retirement at the 2021 annual meeting of shareholders. We look forward to working together with the management team to improve TESSCO's performance and build shareholder value."
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HCI | Hot Stocks08:14 EST TypTap receives approval to write homeowners insurance in Nevada - TypTap Insurance Company has received regulatory approval to write homeowners insurance in Nevada. The approval is part of TypTap's planned nationwide expansion announced in August of 2020. TypTap has received approvals in seven states outside of Florida.
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FDS SNOW | Hot Stocks08:13 EST FactSet announces expanded offering with Snowflake - FactSet (FDS) announced an expanded offering with Snowflake (SNOW). FactSet will integrate its exclusive data-mapping service, FactSet Concordance Service, into Snowflake's platform, providing clients with faster content integration. This offering marks the first time investment professionals will be able to immediately link third-party, FactSet, and proprietary content together in Snowflake's data cloud. FactSet's Concordance Service on Snowflake can be used by joint FactSet and Snowflake clients looking to enhance their data governance and expedite the data mapping process. Users pass their metadata to FactSet through an API; FactSet then uses machine learning techniques to identify individual firms and other financial entities from that metadata and assign each a single identifier. These identifiers are mapped to a universe of over 10 million additional entity records to ensure all data about a given firm is connected in one location, including company history and upcoming corporate actions. Hundreds of records can be linked in seconds, eliminating the need for clients to undergo a time- and resource-consuming data mapping process.
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ZBRA GE | Hot Stocks08:12 EST Zebra Technologies appoints Nathan Winters as CFO - Zebra Technologies announced that Nathan Winters has been named CFO. Joining Zebra in 2018, Winters was previously the company's VP of corporate financial planning and analysis and business operations. Prior to Zebra, Winters served in financial roles for GE (GE) for more than 16 years where he held multiple CFO positions, most recently serving as CFO of GE Healthcare Global Supply Chain.
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CME INFO | Hot Stocks08:12 EST CME Group, IHS Markit to combine post-trade services into new joint venture - CME Group (CME) and IHS Markit (INFO) announced that they have agreed to combine their post-trade services into a new joint venture. The new company will include trade processing and risk mitigation operations. It will incorporate CME Group's optimization businesses -Traiana, TriOptima, and Reset - and IHS Markit's MarkitSERV. The combination of these complementary offerings will provide clients with enhanced platforms and services for global OTC markets across interest rate, FX, equity and credit asset classes. Market participants will benefit from a more efficient front-to-back workflow with enhanced connectivity and improved trading certainty. As a result, OTC market participants will be able to improve risk management and streamline post-trade operations. The transaction is expected to close in summer 2021 subject to customary antitrust and regulatory approvals and other customary closing conditions. At closing, IHS Markit will make an equalization payment of $113M to CME Group to achieve 50/50 ownership and shared control in the joint venture. Further financial terms were not disclosed.
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GILD VIR | Hot Stocks08:11 EST Gilead, Vir Biotechnology establish collaboration for chronic HBV - Gilead Sciences (GILD) and Vir Biotechnology (VIR) announced that the companies have entered into a clinical collaboration to evaluate novel therapeutic combination strategies aimed at developing a functional cure for chronic hepatitis B virus. The companies plan to initiate a Phase 2 trial evaluating combination therapy for both treatment-experienced and treatment-naive people living with HBV. The multi-arm trial will evaluate different combinations of selgantolimod, Gilead's investigational TLR-8 agonist; VIR-2218, Vir's investigational small interfering ribonucleic acid; and a commercially-sourced, marketed PD-1 antagonist. People in the trial with HBV treatment experience may also receive Gilead's Vemlidy. The primary outcome of the study will be the proportion of patients achieving a functional cure, defined as an off-therapy loss of hepatitis B surface antigen and HBV DNA from the serum. Both companies retain full rights to their individual product candidates and will discuss the potential path forward for any future combination studies based on the outcome of the Phase 2 trial.
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GILD VIR | Hot Stocks08:10 EST Gilead, Vir collaborate to explore combination strategies for HBV cure - Gilead Sciences (GILD) and Vir Biotechnology (VIR) announced that the companies have entered into a clinical collaboration to evaluate novel therapeutic combination strategies aimed at developing a functional cure for chronic hepatitis B virus, HBV. The companies plan to initiate a Phase 2 trial evaluating combination therapy for both treatment-experienced and treatment-naive people living with HBV. The multi-arm trial will evaluate different combinations of selgantolimod, Gilead's investigational TLR-8 agonist; VIR-2218, Vir's investigational small interfering ribonucleic acid; and a commercially-sourced, marketed PD-1 antagonist. People in the trial with HBV treatment experience may also receive Gilead's Vemlidy. The primary outcome of the study will be the proportion of patients achieving a functional cure, defined as an off-therapy loss of hepatitis B surface antigen (HBsAg) and HBV DNA from the serum. Both companies retain full rights to their individual product candidates and will discuss the potential path forward for any future combination studies based on the outcome of the Phase 2 trial. "Gilead has a two-decade commitment to people with hepatitis B and we have worked tirelessly to bring new treatments forward with the goal of helping to improve their lives," said Anuj Gaggar, Vice President, Clinical Research, Virology at Gilead Sciences. "We believe that selgantolimod and VIR-2218 have the potential to be best-in-class therapeutics and could provide a compelling new combination approach to a functional cure for HBV." "We are enthusiastic about this collaboration," said Phil Pang, MD, PhD, Chief Medical Officer of Vir Biotechnology. "We believe a functional cure for the majority of patients will require a reduction of the levels of circulating viral proteins together with an immune boost to stimulate the production of new T-cells that can bring the infection under control. We believe that this collaboration with Gilead adds a novel and significant new combination to our efforts to find a cure for HBV." HBV affects more than 290 million people worldwide. Globally, HBV is a leading cause of liver cancer and each year it is estimated that more than 800,000 people die of HBV-related liver disease. While current antiviral therapies result in sustained HBV viral suppression, they rarely completely clear the virus and therefore people with HBV require lifelong therapy. The safety and efficacy of selgantolimod and VIR-2218 have not been established. They are investigational compounds, not approved by the U.S. Food and Drug Administration or any other regulatory authority. U.S. Important Safety Information and Indication for VEMLIDY
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CE | Hot Stocks08:10 EST Celanese announces intention to build LCP polymerization plant in China - Celanese announced its intent to build a multi-phase liquid crystal polymer, or LCP, polymerization plant in China to support the growth in its Vectra and Zenite LCP product lines. Site selection is underway, and Celanese is considering both existing and greenfield locations to place its new LCP facility. The total scope of the investment is intended to support approximately 20 kilotons of LCP production per year with the first phase of the project expected to come on-line in 2024. The addition of LCP polymerization capacity in China will make Celanese the only LCP producer with assets in both Asia and the Western Hemisphere, giving the company the ability to work closely with customers in multiple regions. Celanese currently has LCP polymerization capability in Shelby, North Carolina, and LCP compounding in North America, Europe and China.
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LPCN | Hot Stocks08:09 EST Lipocine announces 'positive' results from Phase 2 LiFT study - Lipocine announced positive topline results from its LiFT Phase 2 clinical study, investigating LPCN 1144 in biopsy-confirmed non-cirrhotic non-alcoholic steatohepatitis male subjects. Currently, there are no approved treatments for NASH, a silent killer that affects ~30 million Americans. LPCN 1144 is an oral prodrug of endogenous testosterone. In the ongoing randomized, double-blind, placebo-controlled 36-week treatment LiFT study, subjects with F1-F3 fibrosis were randomized 1:1:1 to one of three arms (Treatment A is a twice daily oral dose of 142 mg testosterone equivalent, Treatment B is a twice daily oral dose of 142 mg testosterone equivalent formulated with 217 mg of d-alpha tocopherol equivalent, and the third arm is twice daily matching placebo). The primary endpoint is change in hepatic fat fraction via Magnetic Resonance Imaging Proton Density Fat Fraction and exploratory liver fat/marker end points post 12 weeks of treatment. Additionally, key secondary endpoints post 36 weeks of treatment include assessment of histological change for NASH resolution and/or fibrosis improvement as well as liver fat data. Treatments with LPCN 1144 post 12 weeks of treatment resulted in robust liver fat reduction, assessed by MRI-PDFF, and showed improvement of liver injury markers with no observed tolerability issues. Inclusion of d-alpha tocopherol formulated with the testosterone prodrug resulted in additional liver benefits, notably improved key liver markers without compromising tolerability.
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SVC H | Hot Stocks08:07 EST Service Properties receives termination notice from Hyatt for 22 hotels - Service Properties (SVC) announced that it has received a notice of termination from a subsidiary of Hyatt (H) with respect to the management agreement for 22 Hyatt Place hotels owned by subsidiaries of SVC. Hyatt's obligations under the management agreement, which requires minimum returns of $22M annually, is supported by a $50M limited guaranty. While Hyatt is current on its payments to SVC at this time, it recently exhausted this $50M guaranty and under the terms of the management agreement, Hyatt may terminate the agreement upon 90 days' notice once the guaranty has been fully utilized. The effective date of the termination pursuant to Hyatt's notice is April 8. SVC and Hyatt are currently in discussions regarding possible changes to the management agreement which may enable some or all of the hotels to remain Hyatt Place hotels managed by Hyatt. However, if such discussions do not result in a mutually acceptable agreement, SVC expects to transition management of the 22 hotels to Sonesta on April 8 under the Sonesta Select brand. SVC also owns 34% of Sonesta.
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NVEE | Hot Stocks08:07 EST NV5 Global acquires Industrial Design Associates International - NV5 Global announced that it has reached an agreement to acquire Industrial Design Associates International, an international engineering services consulting company. IDA provides building commissioning and MEP design services to clients throughout Asia and Europe. IDA's 85 employees operate out of seven offices in Hong Kong, China, Singapore, and India and specialize in the financial services, data center, and technology markets.
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HIL | Hot Stocks08:06 EST Hill International selected as FM Managing consultancy for Tatweer - Hill International announced it was awarded the contract to provide Facilities Management consultancy services to act as the Managing Agent for the Tatweer Building Company, which represents the Saudi Ministry of Education. This award consists of three main projects: two prestigious headquarters buildings in Riyadh, Riyadh Schools and associated administrative buildings, which consist of more than 2,000 facilities, and Eastern Province schools plus administrative buildings totaling another 2,000 facilities.
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SNY | Hot Stocks08:06 EST Sanofi, Biond Biologics enter global licensing agreement for BND-22 - Biond Biologics announced that it has entered into an exclusive worldwide license agreement with Sanofi for the development and commercialization of BND-22. BND-22 is a humanized IgG4, antagonist antibody targeting the Ig-like transcript 2 receptor in development for the treatment of solid tumors. ILT2, a member of the ILT family of immuno-modulating receptors, is an inhibitory receptor expressed on both innate and adaptive immune cells that binds MHC class I molecules including HLA-G, an immunosuppressive protein expressed by multiple tumor types. Under the terms of the agreement, Biond will receive a $125M upfront payment in cash and will be entitled to receive more than $1B in development, regulatory, and sales milestones, as well as tiered double digit royalty payments. Biond will lead the first-in-human, phase 1a study of BND-22, evaluating its safety and tolerability as a single agent and in combination with approved cancer therapeutics as well as exploring potential associations between BND-22 anti-tumor activity and select tumor and blood-based biomarkers; Sanofi will assume clinical development and commercialization responsibilities thereafter.
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MRNA MRK | Hot Stocks08:05 EST Moderna appoints Jose Vega as chief safety officer - Moderna (MRNA) announced that Jose Vega joined Moderna as chief safety officer effective immediately. Vega will report to CMO Tal Zaks. Vega joins Moderna from Merck (MRK) where he led the global clinical safety and pharmacovigilance organization and served as the chief safety officer for Merck Research Laboratories since 2013. In this role, he led a global team of nearly 600 safety and pharmacovigilance professionals.
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SLGG | Hot Stocks08:05 EST Super League Gaming announces $8M sale of common stock - Super League Gaming announced the sale of 3,076,924 shares of its common stock at a price of $2.60 per share. Gross proceeds from the offering, before expenses, are expected to be approximately $8M. Super League currently intends to use the net proceeds from the offering for working capital and general corporate purposes, including sales and marketing activities, product development and capital expenditures. The transaction is expected to close on or about January 13, 2021, subject to customary closing conditions.
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UBER MRNA | Hot Stocks08:04 EST Uber, Moderna to collaborate on 'uptake of COVID-19 vaccines' - Moderna (MRNA), and Uber Technologies (UBER) announced a collaboration to explore ways to help support the uptake of COVID-19 vaccines. Moderna and Uber will work together initially to provide accessible, credible information on vaccine safety through Uber's in-app messaging. The two companies will also work with public health and other organizations to identify additional opportunities to support ongoing efforts to broaden access to COVID-19 vaccines. Additional options being evaluated include incorporating ride scheduling directly into the immunization appointment process, and possibly integrating with vaccine providers' systems to text reminders and enable patients to book rides in advance of their first or second immunization appointments. "Used by millions of people every day, the Uber platform can both help educate the public about vaccine safety and help eliminate transportation barriers to vaccination. Together with Moderna, we hope to do our part to help increase vaccination awareness and adoption, and we look forward to exploring ways we can help ensure everyone, especially in the hardest-hit communities of color, has access to a vaccine," said Uber CEO Dara Khosrowshahi. "As part of our commitment to help address COVID-19, Moderna will be working with a coalition of partners to educate, build trust around and increase awareness of the importance of vaccination in those communities significantly impacted by the pandemic. We look forward to combining our expertise with Uber's capabilities and platform to support this important effort," said Moderna CEO Stephane Bancel. In December, Uber committed 10 million free or discounted rides to help ensure transportation is not a barrier to getting a vaccine. Targeting communities hardest hit by the pandemic, Uber partnered with the National Urban League, National Action Network and the Morehouse School of Medicine. Uber will continue to build a broad coalition of organizations committed to breaking down transportation barriers in these communities.
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RCEL | Hot Stocks08:04 EST Avita Medical sees Q2 revenue $5.1M, consensus $5.82M - The Company had cash of approximately $59.8M, a decrease of $6M or 9% over the $65.8M held at the end of the previous quarter. "I'm pleased with our team's commercial execution during these challenging times," said Dr. Mike Perry, AVITA Medical CEO. "We continue to make solid progress on our pipeline initiatives, and I look forward to updating you further during our quarterly earnings call."
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LVS | Hot Stocks08:03 EST Las Vegas Sands announces passing of CEO Sheldon Adelson - Las Vegas Sands issued the following statement announcing the death of company Chairman and CEO Sheldon Adelson: "Our founder and visionary leader, Sheldon G. Adelson, passed away last night at the age of 87 from complications related to treatment for non-Hodgkin's Lymphoma. Born to immigrant parents and raised in a poor section of Boston, Mr. Adelson went from a teenager selling newspapers on a street corner to becoming one of the world's most successful entrepreneurs.His achievements in the integrated resort and hospitality industry are well-documented. In Las Vegas, Macao and Singapore, Mr. Adelson's vision for integrated resorts transformed the industry, changed the trajectory of the company he founded, and reimagined tourism in each of those markets. His impact on the industry will be everlasting. Mr. Adelson was the first employee of Las Vegas Sands - 'Team Member Number One' he liked to say. Today, more than 50,000 Sands team members have Dr. Adelson and the entire Adelson family in their thoughts and prayers and are grateful to have had their lives touched by a true force of nature. When the pandemic disrupted daily routines and dramatically impacted his business, Mr. Adelson was adamant that our Team Members across the globe continue to receive full pay and health care benefits even while the buildings in which they worked were closed. There are countless additional untold stories of his warmth and generosity - efforts for which he never sought recognition or publicity and would only reply with a smile if asked about them. While his business credentials - having started or been involved in more than 50 different enterprises - are unquestioned, his dedication to philanthropy and commitment to his family will truly be his legacy. He will be missed by people from all parts of the world who were touched by his generosity, kindness, intellect and wonderful sense of humor. The Adelson family asks for privacy as they mourn Mr. Adelson's passing. A funeral will be held in Israel, the birthplace of Dr. Miriam Adelson, with plans for a memorial service held in Las Vegas to be announced at a later date."
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MRNA | Hot Stocks08:03 EST Moderna announces Swissmedic authorization for COVID-19 vaccine in Switzerland - Moderna announced that Swissmedic, the Swiss Agency for Therapeutic Products, has authorized the COVID-19 Moderna Vaccine in Switzerland. The authorization is given according to the ordinary approvals procedure and is based on a rolling submission of data and the totality of scientific evidence shared by the company, including a data analysis from the pivotal Phase 3 clinical study announced on November 30. The Swiss Federal Government has secured 7.5M doses of the COVID-19 Vaccine Moderna. Following today's authorization, the first deliveries are expected to begin in Switzerland in the next week.
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LVS | Hot Stocks08:02 EST Las Vegas Sands announces passing of CEO Sheldon Adelson
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CROJF | Hot Stocks08:01 EST Marimaca Copper announces start of 2021 exploration program - Marimaca Copper is pleased to announce the mobilization of drilling contractors, the construction of the first drill pads and the commencement of construction of the infrastructure and support facilities for the 2021 exploration program across the Marimaca Copper District. Highlights: Drilling support facilities are under construction to support the upcoming drilling programs encompassing the Marimaca Sulphide, Mercedes Oxide and Cindy Targets. Drilling contractors mobilized and drill pad construction underway for first holes at the Marimaca Sulphide Target. Numerous deeper holes drilled at Marimaca during Phase II drilling intercepted sulphide mineralization below the Marimaca Oxide Deposit. Significant results previously released to the market include: 42 metres averaging 0.57% CuT from 272 metres in ATR-30; 26 metres averaging 0.97% CuT from 178 metres in ATR-78; 16 metres averaging 1.4% CuT from 122 metres in ATR-79; 44 metres averaging 1.05% CuT from 206 metres in ATR-82; 26 metres averaging 0.84% CuT from 148 metres in ATR-84; 36 metres averaging 1.68% CuT from 84 metres in ATR-85; 38 metres averaging 1.04% CuT from 180 metres in ATR-93; and 48 metres averaging 1.30% CuT from 78 metres in ATR-94. Several holes ended in mineralization and the sulphide zone remains open in all directions; Induced Polarization complete, release pending processing and interpretation; Infrastructure construction underway at the large Mercedes Oxide Target; Exploration program will expose mineralization and provide additional information with respect to oxide target; Geochemical sampling and mapping completed at Cindy Target, release pending assay results and interpretation; IP completed at both the Mercedes and Cindy Targets, release pending processing and interpretation; Drilling expected to commence before the end of January, first results by the end of Q1 2021. During late December and early January, the Company commenced construction of the drilling support facilities. Contractors were mobilized and construction of the first drill pads commenced for the Marimaca Sulphide Target. Drilling is expected to commence before the end of January 2021. The first holes into the Marimaca Sulphide Target will focus on extensions of the sulphide mineralization intersected during previous infill drilling campaigns. These included numerous broad zones of high-grade material immediately below the oxide resource, with several of the drill holes ending in mineralization.
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OCGN | Hot Stocks07:56 EST Ocugen announces cancellation of stockholder meeting - Ocugen announced it has determined to withdraw from stockholder consideration Item 2 set forth in its Definitive Proxy Statement filed with the Securities and Exchange Commission on October 30, 2020, with respect to an increase in the number of shares of common stock authorized for issuance under the Company's Sixth Amended and Restated Certificate of Incorporation. As a result, the Company has determined to cancel the reconvening of its annual meeting of stockholders, which was previously adjourned solely with respect to Item 2 to 11:00 a.m. Eastern Time on January 13, 2021. All other items set forth in the Company's Definitive Proxy Statement were submitted to stockholder vote at the Company's annual meeting of stockholders on December 23, 2020. The Company plans to re-evaluate the details of Item 2 in light of the recent potential addition of COVAXIN to its pipeline as well as its compliance with Nasdaq's Listing Rule 5550(a)(2).
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SPI | Hot Stocks07:55 EST SPI Energy provides FY20 business update - SPI Energy announced a business update on its 2020 operations. The company increased battery storage sales 326% to 33.4 megawatt hours in FY20. The company also increased solar panel sales 50% to 150 megawatts and increased inverter sales to 251MW. "We achieved key transformational milestones in 2020 that provide a strong foundation for unlocking value and accelerating growth in the quarters ahead," stated Xiaofeng Peng, Chairman and CEO of SPI Energy. "With $53 million in new capital raised in the second half of the year, we are in a great position to execute on our comprehensive growth strategy across high-growth segments of the global renewable energy markets, including our latest expansion into EVs and EV charging." "We expect revenue of $132 million to $142 million for 2020, driven primarily by our solar storage segment," continued Peng. "Moving forward, we expect our solar storage business will continue to be a primary revenue driver in 2021, while growing EV sales help to drive overall revenue to $200 million to $240 million for the year."
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ACTC | Hot Stocks07:55 EST ArcLight Clean Transition Corporation (Class A Stock) trading halted, news pending
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ZM | Hot Stocks07:45 EST Zoom Video drops 3.5% to $326.00 after announcing $1.5B equity offering
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HYLN | Hot Stocks07:44 EST Hyliion Holdings announces Sherri Baker as CFO, succeeding Greg Van de Vere - Hyliion Holdings announced Sherri Baker will join the company as Chief Financial Officer, effective February 8, 2021. Baker will succeed Greg Van de Vere, who will retire after serving nearly four years with Hyliion.
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HYMC GOLD | Hot Stocks07:40 EST Hycroft Mining appoints Jack Henris as COO - Hycroft Mining Holding (HYMC) announced the appointment of Jack Henris to the position of Executive Vice President and COO, effective January 11. Hycroft has also recently welcomed several additional key members to the Hycroft team. A thorough review of the organizational structure, including the identification of technical and operating needs, led to a bolstering and restructuring of the Hycroft operating team. Henris is a highly experienced mining operations executive with more than 35 years of experience in senior operations positions with major mining firms including General Manager of two mines at Newmont Mining where he was responsible for surface and underground mines and processing facilities, including roasting, flotation and oxide milling, and heap leach pads. At Barrick Gold (GOLD) Henris held positions as Mine Operations Supervisor and Senior Mine Planner at the Goldstrike Mine. James Berry joins Hycroft as Vice President, Exploration and Geology. Berry brings more than 30 years of experience in geology and exploration to the Hycroft team. The Company has attracted 11 key technical and operations personnel experienced in mine planning, maintenance, process, metallurgy, stakeholder/regulatory engagement, and engineering. These seasoned superintendents, supervisors and senior technical professionals with up to 30 years of experience will be key to our success as we drive safety and health programs, improve operating efficiencies, build mine facilities and infrastructure, and operate responsibly.
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GTIM | Hot Stocks07:37 EST Good Times Restaurants reports Q1 SSS for Good Times brands up 22.1% - Good Times Restaurants announced that year-over-year same store sales for its Good Times brand increased 22.1% for its first fiscal quarter ended December 29. Year-over-year same store sales at its Bad Daddy's brand decreased 11.8% during the quarter compared to its fiscal 2020 first quarter, driven by the impact of the COVID-19 pandemic and associated government restrictions related to restaurant dining rooms, including the closure of dining rooms in its twelve Colorado Bad Daddy's for part of November and all of December.
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NVS BGNE | Hot Stocks07:36 EST Novartis reports pact to in-license tislelizumab outside China from BeiGene - Novartis (NVS) announced last night that it has signed a strategic collaboration agreement to in-license tislelizumab from BeiGene (BGNE) in major markets outside of China, "accelerating the potential for Novartis to enter the large and growing checkpoint inhibitor field." Tislelizumab is an anti-PD-1 monoclonal antibody specifically designed to minimize binding to FcgammaR on macrophages. Under the terms of the agreement, Novartis will obtain the development and commercialization rights to tislelizumab in the United States, Canada, Mexico, the European Union, United Kingdom, Norway, Switzerland, Iceland, Liechtenstein, Russia, and Japan in exchange for an upfront payment of $650M plus royalties and milestone payments. BeiGene will retain the rights to tislelizumab in China and other countries. The transaction has been approved by the boards of directors of both companies. Tislelizumab is approved by the China National Medical Products Administration as a treatment for certain patients with classical Hodgkin's lymphoma and metastatic urothelial carcinoma. In addition, BeiGene has filed three supplemental new drug applications for tislelizumab in China for first-line treatment of patients with advanced squamous NSCLC in combination with chemotherapy, first-line treatment of patients with advanced non-squamous NSCLC in combination with chemotherapy, and previously treated unresectable HCC. More than 7,700 patients have been enrolled in 15 potentially registration-enabling clinical trials with tislelizumab in a dozen indications, including non-small cell lung cancer (NSCLC), hepatocellular carcinoma (HCC), esophageal squamous cell carcinoma, gastric cancer and nasopharyngeal carcinoma. The first ex-China regulatory filing is expected in 2021. In addition, Novartis and BeiGene have identified multiple tislelizumab plus Novartis therapy combination clinical trial opportunities in solid tumors. Closing of the transaction is subject to expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
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HTA | Hot Stocks07:35 EST Healthcare Trust reports acquisition of $129M of medical office investments - Healthcare Trust of America provided a business update for 4Q which included the acquisition of over $129M of medical office investments and the collection of more than 99% of contractual rent due. During Q4, HTA closed on approximately $129M of medical office investments primarily consisting of on-campus MOBs in the quarter at anticipated, in-place year one yields of over 5.8%, prior to any synergies from the Company's full service operating platform. Including operating synergies, HTA anticipates year one yields of over 5.9%. These MOBs have 386,000 square feet of GLA, are 95% leased as of the time of acquisition, and are located in the Company's existing key markets. During 2020, HTA has now closed on over $181M of acquisitions totaling 600,000 square feet of GLA, with expected year one contractual MOB yields at approximately 6.0%, before any operating synergies. With operating synergies, HTA expects year one contractual yield on these acquisitions of 6.2%. These properties are approximately 94% leased as of closing, and are well located within dynamic submarkets in HTA's key markets. In Q4, total cash collections totaled 103% of our Q4 charges. For Q4 charges only, we collected approximately 99% of our total monthly rents that are contractually due and owed, with negligible new amounts deferred. In total, company approved deferral plans that total approximately $11.1M, of which approximately $7.3M have been repaid as of year-end. The remainder are expected to be repaid within the next 6 to 9 months.
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KMX | Hot Stocks07:33 EST CarMax launches Love Your Car Guarantee - CarMax announced the launch of the Love Your Car Guarantee. This new signature experience gives customers the ability to take 24-Hour Test Drives before committing to purchase - providing increased peace of mind and buyer confidence as customers experience a day in their life with a new ride. In addition, CarMax has extended its 7-Day Money Back Guarantee to a 30-Day Money Back Guarantee. Now, customers have 30 days to decide if a vehicle is the right fit, allowing them to return the car for any reason for a full refund up to 1,500 miles.
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SYF | Hot Stocks07:32 EST Synchrony names Brian Doubles as CEO, succeeding Margaret Keane - Synchrony announced Margaret Keane, CEO, will transition to the role of Executive Chair of the Board of Directors of Synchrony. Synchrony's Board of Directors unanimously elected Brian Doubles, President, to become President and CEO and a member of the Board of Directors. Both appointments are effective April 1. Doubles is an 11-year veteran of Synchrony, serving as CFO prior to and through its IPO in 2014 and as President since 2019. As part of this transition, Synchrony's current Chairman, Richard Hartnack, will retire from the Board after six years of exceptional service. The company also announced Jeffrey Naylor will become Lead Independent Director. Naylor has served on Synchrony's Board since 2014 and brings considerable expertise in the retail industry and executive management. All changes announced today will take effect on April 1.
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DOCRF | Hot Stocks07:32 EST CloudMD closes acquisition of HumanaCare - CloudMD Software & Services is pleased to announce that it has closed the previously announced acquisition of HumanaCare Organizational Resources, an integrated, Employee Assistance Services solution which provides compassionate, holistic, physical and mental health support for employees and their family members, by way of acquiring 100% of the shares of HumanaCare's parent company, First Health Care Services of Canada. Historically, EAP's have focused exclusively on short-term incidental care. This is a transformational acquisition, as HumanaCare combined with CloudMD's enterprise platform will not only provide short-term support, but now employees and family members will have access to a patient-focused approach to longer-term and chronic care management. CloudMD will be able to optimize and cross-sell into HumanaCare's current client network by offering corporations and employers a more comprehensive solution which includes telemedicine, triaging, on-demand mental health support, and educational healthcare resources. As a solution to the currently siloed healthcare system, the combined offerings will provide one, centralized platform that breaks down the barriers to access by offering a team-based, longitudinal approach to employee wellbeing. HumanaCare's current annualized revenue run rate s approximately $3.3 million with EBITDA margins that are greater than 19 per cent. Upon closing, the acquisition of HumanaCare will be immediately accretive to CloudMD with synergies the Company believes will drive further revenue and increased EBITDA margin through cost savings achieved through scaling of operations and by tapping into CloudMD's network of counsellors, nurses, and other healthcare professionals. HumanaCare was acquired by way of the the Company's acquisition of 100% of the issued and outstanding shares of First Health, which owns 100% of the issued and outstanding shares in the capital of HumanaCare. In consideration for the purchase of 100% of the Purchased Shares, CloudMD has agreed to pay the sellers thereof an aggregate consideration of $17.5 million payable as follows: $6.3 million in cash, subject to a working capital adjustment; $6.825 million in common shares of the Company; and a performance-based earnout of $4.375 million, which is payable in common shares of the Company in equal annual issuances over a period of two years. All common shares issued pursuant to the acquisition will be issued at a deemed price of $2.88 per share and are priced by calculating the 10-day volume-weighted average trading price of the Company's common shares for the 10 trading days prior to the execution of the binding term sheet, The common shares will be subject to certain contractual restrictions on trading for a period of 25 months from the date of issuance.
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AEL | Hot Stocks07:28 EST American Equity says Tolga Uzuner now CIO Asset Management American Equity - American Equity Investment Life Holding Company announced that Tolga Uzuner will become Chief Investment Officer, CIO, Asset Management, of American Equity. Uzuner will be responsible for executing the company's alpha asset strategy and building its subsidiary asset management firm. Uzuner will have a significant role in American Equity's 2.0 investment management strategy pillar. He will partner with Jim Hamalainen, Chief Investment Officer of Insurance and Jeff Lorenzen, Chief Risk Officer of AEL. Uzuner and Hamalainen will function as co-CIOs, leading one integrated investment function and partnering to broaden the company's investment management capabilities and revenue generation sources including through partnerships. "We look forward to having Tolga join our asset management team with his extensive background and leadership," Bhalla said. "Tolga comes to us with wide-ranging investment expertise and a distinguished track record of success including in strategies similar to the AEL 2.0 investment management pillar."
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LEXX | Hot Stocks07:27 EST Lexaria Bioscience uplists to Nasdaq, to trade under new symbol - Lexaria Bioscience announced that its common stock and warrants will begin trading on Nasdaq under the symbol (LEXX).
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CXBMF | Hot Stocks07:27 EST Calibre Mining sees 2021 production, sales of 170,000-180,000 ounces of gold - Sees total cash costs of between $950 and $1,050 per ounce; and AISC of between $1,040 and $1,140 per ounce. Russell Ball, CEO of Calibre, stated: "The team delivered a safe and strong fourth quarter to finish the year ahead of guidance and I am grateful for their dedication and focus during an exceedingly difficult year. Looking to the future, I am excited about the 30% production growth we expect to deliver in 2021 as we commence first ore deliveries from our Pavon Norte open-pit mine this month. With strong cash flow generation, we will be reinvesting in the business through an increased exploration budget and development of our Panteon and Atravesada underground mines, which are expected to commence ore deliveries before the end of the third quarter of 2021 and 2022, respectively. In addition, we have started the technical work and expect to commence drilling later this quarter at our now 100%-owned Eastern Borosi Project. While not included as part of our August 2020 multi-year outlook, I believe the Guapinol deposit represents the next opportunity for us to deploy our 'hub-and-spoke' operating philosophy to generate significant value for all stakeholders."
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CXBMF | Hot Stocks07:26 EST Calibre Mining reports 2020 production of 136,009 ounces of gold - Reports sales of 135,357 ounces of gold.
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CXBMF | Hot Stocks07:25 EST Calibre Mining reports Q4 production of 42,573 ounces of gold - Reports sales of 42,334 ounces of gold.
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PLSE | Hot Stocks07:23 EST Pulse Biosciences gives updates on CellFX System regulatory progress - Pulse Biosciences announced CellFX System regulatory progress updates. Received notification from the Food and Drug Administration, FDA that the Company's 510k submission for a general dermatology indication for the CellFX System has advanced from Substantive Review to Interactive Review. Completed all treatments in the Company's previously announced pivotal comparison study to evaluate the treatment of sebaceous hyperplasia (SH) using the CellFX System, with the planned specific indication 510( submission as early as the end of the first quarter of 2021. Obtained FDA Investigational Device Exemption (IDE) approval of a pivotal comparison study to evaluate the treatment of cutaneous non-genital warts using the CellFX System, with enrollment expected to begin by the end of the first quarter of 2021. Continued review by the Notified Body of the CellFX System for CE mark approval and Health Canada for Medical Device License remains on track. "We are very pleased with the progress our team made throughout a challenging 2020 in advancing the CellFX System and in interactions with regulatory authorities in the US, European Union and Canada," said Darrin Uecker, President and Chief Executive Officer of Pulse Biosciences. "We continue to work with the regulatory authorities in each of these geographies and appreciate the collaborative and timely interactions we have had during these reviews."
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SHGFF | Hot Stocks07:23 EST Skylight Health announces 75% voluntary share lock-up - kylight Health Group announced today that 75% of investors who participated in the $0.15 financing, which closed September 25, 2020, have agreed to a voluntary lock-up, extending the hold period to March 31, 2021. 100% of insiders, including Merida Capital Partners, that participated in this round of financing have agreed to the same lock-up terms. These shares were previously subject to a free-trade date of January 25, 2021. This lock-up covers approximately 26,250,000 of the 35,000,000 shares issued, representing 75% of the shares issued.
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CRVL | Hot Stocks07:22 EST CorVel, 1health partner for at-home COVID-19 testing - CorVel Corporation announced a partnership that will provide access to self-administered, non-invasive COVID-19 testing for CorVel's customers and their employees. The tests can be taken at-home, in a car or on-the-go. 1health's test eliminates the need to find an external laboratory, streamlines the testing process, and gives employers the critical information they need to safely get people back to work. CorVel's clients will now be able to purchase 1health's COVID test kits to have on hand for periodic testing or for when an employee has been exposed to the virus. The kit comes with pre-paid FedEx mailers, taking the postage burden off the employee, and requires just a simple saliva collection to detect the virus with nearly 100% accuracy.
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WSTG | Hot Stocks07:21 EST TechXtend, Resiliency Technologies announce national partnership - TechXtend announced their partnership with Resiliency Technologies. Under this agreement, TechXtend has been named the exclusive North American Distributor for their Sharpen Up Schools Solution.
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KKR | Hot Stocks07:20 EST KKR expands real estate industrial portfolio in Phoenix - KKR announced the acquisition of a 263,000 square foot industrial distribution property in Goodyear, Arizona. Strategically located in close proximity to the I-10 interstate highway, a major cross-country trucking artery, the property increases KKR's industrial real estate footprint in the Phoenix, Arizona metropolitan statistical area (MSA) to over two million square feet. The property is modern fulfillment center completed in 2019 with state of the art physical features including 36' clear height and was 100% leased at acquisition to high quality tenant on a long-term basis. KKR acquired the asset from the developers, Provident Real Estate Ventures and Merit Partners. "We continue to like high growth markets across the Sunbelt and are excited to further expand our presence in Phoenix with this high quality asset well suited to today's logistics needs," said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas. KKR is making the investment through its core plus real estate strategy. Across its funds, KKR now owns approximately 32 million square feet of industrial property in strategic locations across major metropolitan areas in the U.S. Since launching a dedicated real estate platform in 2011, KKR has grown real estate assets under management to approximately $14 billion across the U.S., Europe and Asia as of September 30, 2020. The global real estate team consists of over 90 dedicated investment professionals, spanning both the equity and credit businesses.
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CLSD | Hot Stocks07:19 EST Clearside Biomedical enrolls first patients in Phase 1/2a trial of CLS-AX - Clearside Biomedical announced that the first patients have been enrolled in its Phase 1/2a clinical trial of CLS-AX in patients with neovascular age-related macular degeneration. Clinical sites, all based in the United States, are activated and currently screening wet AMD patients for this Phase 1/2a trial, known as OASIS, involving CLS-AX, a proprietary suspension of axitinib for suprachoroidal injection. OASIS is a Phase 1/2a open-label, dose-escalation study in wet AMD patients to assess the safety and tolerability of a single dose of CLS-AX administered by suprachoroidal injection. Eligible patients are those who demonstrate stable visual acuity following two or more previous injections with an intravitreal anti-VEGF agent. Enrolled patients initially receive aflibercept at the first visit followed by a single dose of CLS-AX at the second visit one month later. The primary endpoint for the trial will assess the safety and tolerability of CLS-AX for the three months following the administration of CLS-AX, and secondary endpoints will evaluate the pharmacokinetics, visual function, ocular anatomy, and the need for additional treatment with intravitreal aflibercept during the three month period.
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XPO | Hot Stocks07:18 EST XPO Logistics announces senior leadership for logistics spin-off - XPO Logistics announced the senior leadership team for the intended spin-off of the company's logistics segment. The following XPO executives will transition to their respective roles, subject to completion of the planned transaction: Malcolm Wilson, currently CEO of XPO Logistics Europe, will become CEO of the new company's global business. Richard Cawston is XPO's president, supply chain logistics - Europe, and will continue in this role with the new company. Cawston joined XPO through the Norbert Dentressangle acquisition in 2015. Ashfaque Chowdhury is XPO's president, supply chain logistics - Americas and Asia Pacific, and will continue in this role with the new company. As previously announced, XPO expects to complete the spin-off in the second half of 2021, creating a separate, publicly traded logistics company. Its board of directors will be chaired by Brad Jacobs, who will continue to serve as chairman and CEO of XPO Logistics. Post-separation, the new company will be the second largest contract logistics provider in the world, with a value proposition that includes cutting-edge technology, leading capabilities in e-commerce, food and beverage, consumer electronics, industrial and reverse logistics, and the XPO Direct shared distribution network. XPO's logistics segment currently has approximately 212 million square feet of space at 890 locations worldwide.
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TACO | Hot Stocks07:17 EST Del Taco initiates 4c per share quarterly dividend - The board has authorized the initiation of a quarterly cash dividend program. The company's first quarterly dividend of 4c per share of common stock is payable on February 23 to shareholders of record at the close of business on February 2. While the company intends to pay quarterly cash dividends for the foreseeable future, all subsequent dividend payments will be reviewed quarterly and declared by the board at its discretion.
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STE CMD | Hot Stocks07:15 EST Steris to acquire Cantel Medical for $84.66 per share - STERIS (STE) and Cantel Medical (CMD) announced that STERIS has signed a definitive agreement to acquire Cantel, through a U.S. subsidiary. Cantel is a global provider of infection prevention products and services primarily to endoscopy and dental Customers. Under the terms of the agreement, STERIS will acquire Cantel in a cash and stock transaction valued at $84.66 per Cantel common share, based on STERIS's closing share price of $200.46 on January 11, 2021. This represents a total equity value of approximately $3.6B and a total enterprise value of approximately $4.6B, including Cantel's net debt and convertible notes. The agreement has been unanimously approved by the Boards of Directors of both companies. This transaction brings together STERIS's and Cantel's franchises to create a stronger global business serving a broader set of Customers. Cantel's largest business, its Medical portfolio, will strengthen and expand STERIS's Endoscopy offerings, adding a full suite of high-level disinfection consumables, capital equipment and services, as well as additional single-use accessories. Cantel's Dental business extends STERIS into a new Customer segment where there is an increasing focus on infection prevention protocols and processes. Annual revenue for Cantel in its recent fiscal year ended July 31, 2020, was approximately $1B, with adjusted EBIT of approximately $134M. The companies expect to realize annualized pre-tax cost synergies of approximately $110M by the fourth fiscal year following the close, with approximately 50% achieved in the first two years. Cost synergies are expected to be primarily driven by cost reductions in redundant public company and back-office overhead, commercial integration, product manufacturing, and service operations. Under the terms of the agreement, Cantel common stockholders will receive approximately $16.93 in cash and 0.33787 of a STERIS ordinary share, or a total of value of approximately $84.66 per Cantel common share based on STERIS's closing share price of $200.46 on January 11, 2021. The transaction is anticipated to close by the end of STERIS's first quarter of fiscal 2022, pending customary closing conditions including receipt of regulatory approvals and approval by Cantel stockholders. STERIS expects to fund the cash portion of the transaction consideration and repay a significant amount of Cantel's existing debt with approximately $2B of new debt and has obtained fully committed bridge financing.
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LJPC | Hot Stocks07:14 EST La Jolla in licensing pact for GIAPREZA and XERAVA, potential milestone $109.5M - La Jolla Pharmaceutical announced that it and certain of its wholly owned subsidiaries (collectively, La Jolla) have entered into an exclusive licensing agreement with PAION AG and its wholly owned subsidiary PAION for GIAPREZA and XERAVA in the European Economic Area, the United Kingdom and Switzerland (the Territories). Under the terms of the exclusive licensing agreement, La Jolla will be entitled to receive: (i) an upfront cash payment of $22.5 million; (ii) potential commercial milestone payments of up to $109.5 million; and (iii) double-digit tiered royalty payments based on net sales of GIAPREZA and XERAVA. In exchange, La Jolla granted PAION an exclusive license to commercialize GIAPREZA and XERAVA in the Territories. GIAPREZA is approved by the European Commission as a vasoconstrictor indicated for the treatment of refractory hypotension in adults with septic or other distributive shock who remain hypotensive despite adequate volume restitution and application of catecholamines and other available vasopressor therapies. XERAVA is approved by the European Commission for the treatment of complicated intra-abdominal infections in adults. "Our agreement with PAION marks an important step in our global strategic plans to bring innovative therapies that improve outcomes in patients suffering from life-threatening diseases to Europe," said Larry Edwards, President and Chief Executive Officer of La Jolla. "We are excited to have PAION as a partner and expect its commercialization expertise will be invaluable in maximizing the value of GIAPREZA and XERAVA in Europe." We are excited to add these attractive hospital products to our portfolio, giving us a strong basis to launch our European commercial organization and to build out our sales and marketing activities," said Dr. Jim Phillips, Chief Executive Officer of PAION AG. "We will be using single, hospital focused sales teams in each country to commercialize these products in Europe. The licensing agreement announced today puts us on strong footing to become a leading specialty pharmaceutical company in the fields of anaesthesia and critical care."
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STE CMD | Hot Stocks07:13 EST Steris to acquire Cantel Medical for $84.66 per share
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TLLTF | Hot Stocks07:11 EST Tilt Holdings' Jupiter Research receives medical device certification - TILT Holdings announced that its subsidiary, Jupiter Research has obtained ISO 13485:2016 certification of its Quality Management System for medical devices. ISO 13485:2016 certification is the latest development in the Company's strategic expansion of its inhalation business beyond adult-use products, allowing Jupiter to supply the U.S. and European medical cannabis markets with medical-grade inhalation devices. The Company previously announced the expansion of its partnership with Kanabo Research to include registering its first medical device for sale in Europe via an audit under the Medical Devices Directive. The MDD is a European Union directive outlining standards manufacturers and importers must meet to legally market or sell their devices in the EU.
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ATCX | Hot Stocks07:09 EST Atlas Technical Consultants awarded $5M contract for OVT&I services - Atlas Technical Consultants announced that it was awarded a $5M contract from the Texas Department of Transportation as the owner's representative for reconstruction, widening, and adding flyovers at US 290 and State Highway 71 on the Southside of Austin. The initial phase of the Oak Hill Design-Build contract will last for a duration of five years.
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ANNX | Hot Stocks07:08 EST Annexon announces 2021 anticipated upcoming milestones - ANX005, a clinical-stage investigational monoclonal antibody intended to treat patients with complement-mediated disorders: Data from the DDI trial assessing safety and potential pharmacokinetic effect of ANX005 and IVIg in GBS is anticipated in early 202; Initial data from the Phase 2 trial in HD is anticipated in 2H 2021; Phase 2 trial in patients with amyotrophic lateral sclerosis is planned to initiate in early 2021, with initial data anticipated in 2H 2021; Phase 2 trial in patients with warm autoimmune hemolytic anemia is planned to initiate in early 2021. ANX007, a clinical-stage investigational monoclonal antibody Fab for the treatment of patients with complement-mediated neurodegenerative ophthalmic diseases: Phase 2 trial in patients with geographic atrophy is planned to initiate in early 2021. ANX009, a clinical-stage investigational, subcutaneous formulation of a Fab intended to treat systemic antibody-mediated autoimmune diseases: Data from the Phase 1 first-in-human trial is anticipated in 1H 2021.
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TU RNG | Hot Stocks07:08 EST Telus, RingCentral expand partnership - Telus (TU) and RingCentral (RNG) announced an expansion of their partnership to serve broader sizes of businesses. They will work together to now enable Canadian small businesses to easily transition their legacy phone systems to the cloud via Telus Business Connect, a communications solution for message, video, and phone.
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KTOS | Hot Stocks07:07 EST Kratos Defense awarded $12.7M task order to complete turbojet engine - Kratos Defense & Security Solutions announced that Kratos' Turbine Technologies Division as been awarded a $12.7M task order under its Advanced Turbine Technologies for Affordable Mission ID/IQ contract. The program will be managed by the Turbine Engine Division of the Air Force Research Laboratory. The award follows the successful ground testing of an affordable turbojet designed for use in future low-cost cruise missiles and attritable Unmanned Aerial Vehicles. The design and test of the 200lb thrust-class turbojet engine was completed in under 18 months, demonstrating Kratos' ability to meet the needs of today's warfighter. Testing included characterization of the engine from ignition to overspeed conditions, characterization of engine performance including thrust, fuel efficiency and electrical power output, and engine durability. Testing was performed at the recently commissioned Kratos engine-test facility in Indiantown, Florida.
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KYMR | Hot Stocks07:06 EST Kymera Therapeutics expects cash to fund operations into 2025 - As of December 31, 2020, Kymera had approximately $458 million in cash, cash equivalents, and investments. Kymera expects that its cash, cash equivalents, and investments as of December 31, 2020, excluding any future potential milestones from collaborations, will enable the Company to fund its operational plans into 2025 while the Company continues to identify opportunities to accelerate growth and expand its pipeline, technologies, and clinical indications. This cash estimate is based on information currently available and may differ from the actual cash balance to be included in the Company's audited financial statements.
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KYMR | Hot Stocks07:05 EST Kymera Therapeutics announces 2021 corporate objectives - Kymera's mission is to discover, develop, and commercialize transformative therapies while leading the evolution of targeted protein degradation. The Company's goal is to become a fully integrated biopharmaceutical company with a pipeline of novel medicines targeting disease-causing proteins that were previously intractable. In 2021, Kymera plans to continue to grow and strengthen its organizational capabilities in order to deliver on the potential of inventing a new class of protein degrader medicines for patients. Key Objectives: Scale organization with continued growth in key functional areas, including clinical development, manufacturing, drug discovery, preclinical development, and G&A functions to support Kymera's growth; Continue to advance existing collaborations, or execute additional strategic partnerships that can contribute complementary capabilities in disease areas both within and outside of Kymera's core areas of therapeutic focus to further extend the potential impact of protein degrader therapies to even more patients and diseases; Continue to foster company culture of transparency, inclusion, communication, problem solving, and innovation; Plan to host inaugural Investor Day in mid-2021 to mark Kymera's five-year anniversary and outline the Company's vision for the next five years
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CTRN | Hot Stocks07:04 EST Citi Trends reports holiday sales up 12.9% to $192.5M - Citi Trends announced results for its holiday selling period. Total sales for the nine-week period ended January 2, 2021 increased 12.9% to $192.5M compared with $170.5M in the same period of 2019 and comparable store sales increased 10.3% versus 3.6% in the same period last year. David Makuen, CEO, said, "We are thrilled with our holiday sales results that significantly exceeded our expectations. The 10.3% comparable store sales increase is reflective of our curated merchandising strategies and on-trend gift assortment with amazing values, which resonated with our customers during the holiday season. Notably, we continue to drive meaningful gross margin and operating margin expansion fueled by full-price selling and accelerated inventory turns. I would like to thank our incredible teams for their hard work and dedication as they continue to meet our customers' needs, especially during the dynamic holiday season." Makuen continued, "Given our strong quarter-to-date results, we now expect positive comparable store sales in the low double-digit range for the fourth quarter. We enter 2021 in a strong position and are excited about the underlying momentum of our business. We are committed to the same merchandising and marketing strategies that have driven our recent success, and we believe we are well positioned to continue capitalizing on the demand for our brand and serving our loyal customer base."
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KYMR | Hot Stocks07:04 EST Kymera Therapeutics announces 2021 pipeline objectives - Kymera is discovering and developing novel small molecule therapeutics designed to selectively degrade disease-causing proteins by harnessing the body's own natural protein degradation system, with an initial focus on immune-inflammatory diseases and oncology. IRAK4 is a key protein involved in inflammation mediated by the activation of toll-like receptors and IL-1 receptors. Aberrant activation of these pathways is the underlying cause of multiple immune-inflammatory conditions. KT-474, a potential first-in-class, highly active and selective, orally bioavailable IRAK4 degrader, is being developed for the treatment of TLR/IL-1R-driven immune-inflammatory diseases with high unmet medical need, such as hidradenitis suppurativa, atopic dermatitis, rheumatoid arthritis, and potentially other indications. In December 2020, Kymera submitted an Investigational New Drug application for KT-474 and was recently informed on a call with the U.S. Food and Drug Administration Division of Dermatology and Dentistry that, following receipt of official written communication expected in the next week, the Company may initiate dosing of healthy volunteers in the single ascending dose portion of its first-in-human Phase 1 randomized, double-blind, placebo-controlled clinical trial in healthy volunteers and patients with HS or AD. This will be the first time that a heterobifunctional small molecule degrader is administered to healthy volunteers. The FDA also informed the Company that the program is on partial clinical hold regarding the multiple ascending dose portion of the Phase 1 trial, pending FDA review of interim data in healthy volunteers from the SAD portion of the trial. The estimated timing of the Company's expected program milestones remains unchanged: Initiation of SAD portion of Phase 1 trial of KT-474 in healthy volunteers 1Q 2021; Presentation of final Non-Interventional trial results in HS and AD 1H 2021; Initiation of enrollment in MAD portion of Phase 1 trial of KT-474 following FDA clearance, including healthy volunteers and a subsequent cohort of HS and AD patients 2H 2021; Presentation of Phase 1 trial results, including proof-of-biology, of KT-474 in healthy volunteers 4Q 2021. IRAKIMiDs are novel heterobifunctional degraders designed to degrade both IRAK4 and IMiD substrates, including Ikaros and Aiolos, with a single small molecule. IRAKIMiDs synergistically target both the MYD88-NF-kB/MAP kinase and Type 1 interferon pathways with the potential to enhance and broaden anti-tumor activity. KT-413 is being developed initially for the treatment of MYD88-mutant diffuse large B-cell lymphoma. In preclinical studies, KT-413 has demonstrated what we believe to be a potential first-in-class profile as a targeted therapy for MYD88-mutant DLBCL, including strong single-agent antitumor activity against MYD88-mutant lymphomas in vitro and in mouse xenograft models derived from lymphoma cell lines and patient tumors, which have led to rapid, complete, and sustained tumor regressions. Expected Milestones: Submission of KT-413 IND application and initiation of Phase 1 clinical trial in relapsed/refractory B cell lymphomas, including MYD88-mutant DLBCL 2H 2021; Presentation of additional KT-413 preclinical data in DLBCL as well as other potential indications 2021. Kymera is developing selective STAT3 degraders for the treatment of hematological malignancies and solid tumors, as well as autoimmune diseases and fibrosis. STAT3 is a transcription factor activated through a variety of different cytokine and growth factor receptors via Janus kinases, as well as through oncogenic fusion proteins and mutations in STAT3 itself. Long considered an undruggable target, STAT3 hyperactivation is prominent in numerous liquid and solid tumors, including clinically aggressive lymphomas. Kymera's potent and selective STAT3 degraders have demonstrated strong anti-tumor effects in mouse xenograft and syngeneic models of liquid and solid tumors. Expected Milestones: Nomination of STAT3 development candidate for liquid and solid tumor indications 1H 2021; Presentation of additional preclinical data in liquid and solid tumors 2021; Submission of IND application and initiation of Phase 1 clinical trial 4Q 2021. Kymera is also actively advancing a broad pipeline of preclinical programs across a wide variety of diseases, both internally and in collaboration with existing partners Vertex Pharmaceuticals and Sanofi. The internal programs continue to be focused on undrugged or inadequately drugged nodes within highly validated pathways in immune-inflammatory and oncology indications. Kymera is also developing a new generation of tissue-selective or -restricted degrader medicines with the goal of drugging an entirely new set of protein targets. Key Objectives: Continue pipeline expansion by advancing early-stage discovery programs toward IND-enabling studies; Further expand the capabilities of Kymera's Pegasus platform to identify the optimal pairing of disease-causing protein targets with E3 ligases to generate novel degrader product candidates; Leverage Kymera's E3 Ligase Whole-Body Atlas of over 600 unique E3 ligases to identify previously unliganded E3 ligases, including tissue-restricted or -selective, to unlock new opportunities across broad therapeutic applications.
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RNG | Hot Stocks07:03 EST RingCentral appoints Jaya Kumar as CMO - RingCentral announced that Jaya Kumar has joined the company as its chief marketing officer, or CMO, reporting to Anand Eswaran, president and COO at RingCentral. Kumar brings more than 25 years of experience with multiple Fortune 100 companies where he held both president and CMO positions. In addition, Jaya has worked in multiple markets of the world including Asia, Middle East, Canada, and USA. Most recently he was Global CMO at Capital Group.
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FAMI | Hot Stocks07:03 EST Farmmi regains Nasdaq compliance - Farmmi announced that on January 11, it received notification from The Nasdaq Stock Market confirming the company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a). NASDAQ noted this matter is now closed.
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CTSO | Hot Stocks07:02 EST Health Canada authorizes CytoSorb for use in hospitalized COVID-19 patients - CytoSorbents announces that Health Canada has granted Medical Device Authorization for the importation, sale, and emergency use of CytoSorb in hospitalized COVID-19 patients under Interim Order ID# 316575. CytoSorbents will collaborate with ebbtides medical, a specialty distributor of medical products throughout Canada, to ensure rapid and widespread availability of the therapy.
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LGHL | Hot Stocks07:01 EST Lion Group to acquire 100% of Lion FinTech Group - Lion Group Holding announced it will acquire 100% of Lion FinTech Group Limited for an amount to be agreed upon with a definitive agreement expected to be signed by March 31. Through its subsidiary, Royal Lion Middle East DMCC, Lion FinTech holds a proprietary trading license for crypto assets in Dubai. The company expects the acquisition to close in the first quarter.
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SITC | Hot Stocks06:58 EST Site Centers provides Q4 operational update - Site Centers provided an update on fourth quarter 2020 operations as part of presentations to certain investors at the Capital One Securities REIT Conference. "We had a strong fourth quarter to end the year with continued positive progress on tenant collections as well as achieving the highest quarterly leasing volume at the Company's share since the third quarter of 2018," commented David Lukes, President and CEO. "Additionally, our leasing pipeline continues to grow, and I would expect continued progress backfilling existing vacancies in 2021 as retailers target locations in the highest-income suburban communities where our properties are located." As of January 7, 2021, the company's tenants had paid approximately 75%, 86% and 93% of aggregate base rents for the second, third and fourth quarters of 2020, respectively, in each case on a pro rata basis. Additionally, all of the company's properties remain open and operational with 98% of tenants, at the company's share and based on average base rents, open for business.
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KL | Hot Stocks06:57 EST Kirkland Lake Gold says Q4 production totalted 369,434 ounces, up 32% y/y - Kirkland Lake Gold announced production results for the fourth quarter and full-year of 2020. Q4 2020 production totaled 369,434 ounces, a 32% increase from the fourth quarter of 2019 and 9% higher than the previous quarter. All three of the company's cornerstone assets achieved their highest quarterly production levels of the year in Q4 2020. For FY 2020, the company produced 1,369,652 ounces, a 41% increase from 2019 and in line with full-year 2020 guidance of 1,350,000 - 1,400,000 ounces.
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PFE | Hot Stocks06:55 EST Vedanta Biosciences announces $25M investment from Pfizer - Vedanta Biosciences announced that Pfizer has made a $25M investment in Vedanta, as part of the Pfizer Breakthrough Growth Initiative. Vedanta intends to use the proceeds to fund a Phase 2 study of VE202 in inflammatory bowel disease, which it plans to initiate in 2021. Topline Phase 1 study data showed VE202 was generally safe and well-tolerated at all doses and demonstrated durable and dose-dependent colonization.
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PFE... | Hot Stocks06:54 EST Pfizer invests $120M in four clinical-stage biotech companies - Pfizer (PFE) announced that, during the second half of 2020, it invested a total of $120M in four clinical-stage biotech companies as part of the Pfizer Breakthrough Growth Initiative. Through PBGI, Pfizer is investing up to $500M in biotechnology companies, providing funding and access to Pfizer's scientific expertise to help ensure the continuity of promising clinical development programs of potential future strategic interest to Pfizer. Pfizer's initial PBGI investments include: $10 million in Vancouver, BC-based ESSA Pharma (EPIX), a clinical-stage pharmaceutical company focused on developing novel and proprietary therapies for the treatment of patients with prostate cancer. $25M in Cambridge, Mass.-based Trillium Therapeutics (TRIL), a clinical-stage immuno-oncology company focused on developing innovative therapies for the treatment of cancer. In addition, Jeff Settleman, Senior Vice President and Chief Scientific Officer of Pfizer's Oncology Research & Development Group, was named to Trillium's Scientific Advisory Board. $25M in Cambridge, Mass.-based Vedanta Biosciences, a privately held clinical-stage company focused on developing a new category of therapies for immune-mediated diseases based on rationally defined consortia of human microbiome-derived bacteria. In addition, Michael Vincent, Senior Vice President and Chief Scientific Officer of Pfizer's Inflammation & Immunology Research Unit, will join Vedanta's Scientific Advisory Board. $60M in Bedford, Mass.-based Homology Medicines (FIXX), a clinical-stage genetic medicines company focused on treatments for rare genetic diseases with significant unmet medical needs. In addition, Seng Cheng, Senior Vice President and Chief Scientific Officer of Pfizer's Rare Disease Research Unit, has joined Homology's Scientific Advisory Board for matters related to Homology's gene therapy and gene editing programs for phenylketonuria.
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MRK | Hot Stocks06:51 EST Merck: FDA accepts for priority review BLA for V114 - Merck announced the U.S. FDA accepted for priority review a Biologics License Application for V114, Merck's investigational 15-valent pneumococcal conjugate vaccine, for the prevention of invasive pneumococcal disease in adults 18 years of age and older. The FDA set a Prescription Drug User Fee Act, or target action date, of July 18, 2021. The European Medicines Agency is also reviewing an application for licensure of V114 in adults.
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ABBV | Hot Stocks06:49 EST AbbVie licenses first TriNKET drug candidate from Dragonfly - Dragonfly Therapeutics announced that AbbVie has licensed its first TriNKET drug candidate from Dragonfly, part of a multi-target collaboration initiated in November 2019 designed to advance a number of Dragonfly's novel NK cell engager-based immunotherapies for autoimmune and oncology indications. The opt-in grants AbbVie exclusive worldwide intellectual property rights to develop and commercialize products directed to this first specific target, developed using Dragonfly's TriNKET technology platform. Dragonfly will receive an opt-in payment, as well as potential future development milestone payments and royalties from the sales of any commercialized candidates.
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ACEV | Hot Stocks06:16 EST Achronix Semiconductor to become public through $2.1B ACE Convergence merger - New Science Ventures announced the merger of its portfolio company, Achronix Semiconductor with ACE Convergence. NSV is a founding investor in Achronix. Achronix Semiconductor and ACE Convergence, a special-purpose acquisition company, have entered into a definitive agreement for a business combination that would result in the combined entity continuing as a publicly listed company. Upon closing of the transaction, the combined operating entity will be named Achronix Semiconductor and will be listed under the ticker symbol ACHX. Approximately $2.1B estimated post-transaction equity value is based on current assumptions with up to $330M in gross cash proceeds to the company, assuming minimal redemptions. Oversubscribed $150M fully committed common stock concurrent PIPE financing at $10.00 per share anchored by ACE Equity Partners, funds and accounts managed by BlackRock and Hedosophia; and with participation from other institutional investors.
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PPBI | Hot Stocks06:08 EST Pacific Premier announces new $150M share repurchase program - Pacific Premier announced that its Board of Directors has approved a new stock repurchase program which authorizes the company to repurchase up to 4.725M shares of its common stock, representing approximately 5% of the company's issued and outstanding shares or approximately $150M. The Program replaces and supersedes the previous $100M stock repurchase program approved by the Board in December 2019. The company had not repurchased any shares of common stock under the previous stock repurchase program.
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ARES | Hot Stocks06:07 EST Ares Management announces launch of Vmo Aircraft Leasing - Ares Management and aviation industry veterans, including Bob Brown, Sean Sullivan and Will Hudson, announced the launch of Vmo Aircraft Leasing L.P., a newly-formed company to acquire and lease commercial aircraft. Funds managed by Ares' Private Equity Group and Vmo management have committed approximately $500M in initial equity capital to support Vmo, which will target a global and diversified portfolio of modern, next-generation and efficient commercial aircraft. Vmo will be led by seasoned industry executives, including Bob Brown, Sean Sullivan and Will Hudson, and will be supported by a team of 11 other professionals. Brown will initially serve as the company's CEO, transitioning to Executive Chairman over the next 12 months, and brings over 30 years of experience in all facets of the aircraft leasing industry. Most recently, he served as CEO of Vx Capital Partners, where he was responsible for transaction origination, capital sourcing and asset management. Sullivan will initially serve as Vmo's Chief Commercial Officer, transitioning to CEO over the next 12 months. He most recently served as Head of Americas at AerCap before joining Vx Capital Partners last year. Hudson, who was also a founding partner of Vx Capital Partners, will serve as the COO of Vmo. At Vx Capital Partners, he was responsible for aircraft leasing, asset management and engine portfolio activities. Hudson was previously a Vice President of Pegasus Aviation, where he was responsible for aircraft remarketing.
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AMRX | Hot Stocks06:03 EST Amneal Pharmaceuticals to acquire substantially all assets of Kashiv Specialty - Amneal Pharmaceuticals and Kashiv BioSciences announced they have entered into a definitive agreement under which Amneal Pharmaceuticals LLC, a wholly-owned subsidiary of the company, will acquire a 98% interest in Kashiv Specialty Pharmaceuticals, LLC, a wholly-owned subsidiary of Kashiv focused on the development of complex generics, innovative drug delivery platforms and novel 505(b) drugs. Under the terms of the transaction, Amneal will pay an upfront purchase price comprised of (i) a cash payment of $70M at the closing of the Acquisition, which is subject to certain customary purchase price adjustments, and (ii) a cash payment of $30M at the one-year anniversary of the execution of the purchase agreement. Kashiv is also eligible to receive up to an additional $8M in contingent payments upon the achievement of certain regulatory milestones. In addition to the foregoing contingent payments, the company has agreed to pay Kashiv certain royalty payments equal to an escalating percentage (from high single-digits to mid double-digits, depending on the net sales amount) of aggregate annual net sales for certain pharmaceutical products. The acquisition is a related party transaction. Accordingly, the Conflicts Committee of the company's Board of Directors evaluated the transaction together with its advisors, and negotiated and approved the terms of the purchase agreement and the limited liability company agreement of Kashiv Specialty, which will become effective as of the closing of the transaction. The transaction will be financed with cash on hand and is expected to be consummated in the second quarter, subject to the satisfaction of customary closing conditions, including clearance under the Hart-Scott Rodino Antitrust Improvements Act.
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ITMR | Hot Stocks06:01 EST Itamar Medical acquires technology, assets of Spry Health, terms undisclosed - Itamar Medical Lannounced that it has entered into a definitive agreement to acquire technology and assets of Spry Health for an undisclosed cash amount. Spry, based in the San Francisco Bay area, develops a wrist based medical grade remote patient monitoring solutions.
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AJG | Hot Stocks05:27 EST Arthur J. Gallagher to acquire specialist UK insurance broker Bollington - Arthur J. Gallagher announced that it has signed an agreement to acquire 100% of specialist UK insurance broker The Bollington Wilson Group. The transaction will close following regulatory approval. Founded in 1973 as a local community broker, Bollington has since grown organically and through strategic acquisitions into a specialist UK insurance broker with more than 400 employees. Headquartered in Sale, Bollington also operates from offices in Liverpool, Bollington, Harrogate, Sutton Coldfield, Stafford and Bolton. It has divisions in SME, micro-SME and personal lines. The business will become part of Gallagher's UK Retail Division, and Paul Moors, Group CEO, will remain with Gallagher as chairman of Bollington.
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VIR GSK | Hot Stocks05:21 EST Vir Biotechnology, GlaxoSmithKline to evaluate VIR-7832 in COVID-19 patients - Vir Biotechnology (VIR) and GlaxoSmithKline (GSK) announced an agreement with the U.K.-based AGILE initiative to evaluate VIR-7832 in patients with mild to moderate COVID-19 in a Phase 1b/2a clinical trial. VIR-7832 is a neutralizing COVID-19 antibody that preclinical data suggests has two distinguishing properties: an enhanced ability to clear infected cells and the potential to enhance virus-specific T-cell function, which could help treat and/or prevent COVID-19 infection. The AGILE trial platform, which will be the first to test VIR-7832 in humans, uses adaptable protocols and statistical models to enable the evaluation of candidate medicines for COVID-19 treatment. The initiative is a collaboration between the University of Liverpool, Liverpool School of Tropical Medicine, Liverpool University Hospitals NHS Foundation Trust, University of Southampton and Lancaster University and coordinated by the National Institute for Health Research Southampton Clinical Trials Unit across the UK Clinical Research Facility Network. The trial is due to begin in Q1 of 2021. VIR-7832 is set to become the second monoclonal antibody from the Vir-GSK collaboration to be investigated as a potential COVID-19 treatment. The first antibody, VIR-7831, is currently being investigated in two global phase 3 studies; for the early treatment of COVID-19 in patients who are at high risk of hospitalization, and for the treatment of hospitalized patients with COVID-19.
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JG DADA | Hot Stocks05:16 EST Aurora Mobile partners with Dada Now on user experience, account security - Aurora Mobile (JG) announced that it has entered into a partnership agreement with Dada Now, a local on-demand delivery platform in China. Aurora Mobile will provide one-click login services to Dada Now rider's version of its app to help Dada Now improve user experience and enhance account security. Dada Now is the local on-demand delivery platform of Dada Nexus (DADA). After six years of development including continuous technology iteration, Dada Now has built a comprehensive delivery system, consisting of last-mile delivery, chain merchants and order picking and fulfillment solutions, providing professional and efficient local on-demand delivery services to individuals and enterprises. Dada Now caters to the rapidly growing demands across various verticals by leveraging the flexibility and scalability of the crowdsourcing network. To date, Dada Now covers more than 2,600 cities and counties nationwide with over 10M of average delivery orders per day. Through the partnership, Aurora Mobile will leverage JVerification services in an effort to streamline the user login and registration process for Dada Now rider's version. The partnership with Dada Now is another notable example of the vast application potential of Aurora Mobile's powerful AI-driven push technology in various industries.
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J | Hot Stocks05:12 EST Jacobs Engineering secures 13 positions on TfL services framework - Jacobs has secured 13 positions on Transport for London's, or TfL, renewed Transport Planning & Impact Monitoring Services Framework. These lots include key service areas such as strategic modelling and bespoke analysis, strategic transport scheme planning and design, and transport and environmental assessment. TfL estimates the framework will operate for a maximum four-year period, with contract mobilization immediately. The contract enables the whole of the TfL organization and London's Borough Authorities to access strategic consultancy support in transport planning and impact monitoring.
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ATHM | Hot Stocks05:09 EST Autohome CEO Min Lu retires, Quan Long succeeds - Autohome announced that Quan Long has been appointed as the successor to Min Lu to serve as a director and the chairman of the board of directors of the company, the chairman of the nominating and corporate governance committee and the compensation committee of the board, and the CEO of the company, effective immediately. Lu retired from his roles in the company. Before joining Autohome, Long has held a series of leadership roles within Ping An Insurance since he first joined as a salesman in 1998, including as the assistant general manager, vice general manager and general manager of several provincial-level branches of Ping An Property & Casualty Insurance. He has been serving as vice general manager of Ping An Property & Casualty Insurance since December 2018.
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