Stockwinners Market Radar for January 13, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
POSH | Hot Stocks21:00 EST Poshmark 6.6M share IPO priced at $42 - Poshmark announced the pricing of the initial public offering of 6,600,000 shares of its Class A common stock at a price to the public of $42.00 per share. All of the shares are being offered by Poshmark. The shares are expected to begin trading on the Nasdaq Global Select Market on Jan. 14, 2021 under the symbol "POSH." In addition, the underwriters have a 30-day option to buy up to an additional 990,000 shares of Class A common stock from the company at the IPO price, less underwriting discounts and commissions. The closing of the offering is expected to occur on Jan. 19, 2021, subject to satisfaction of customary closing conditions. Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, and Barclays Capital Inc. are acting as lead book-running managers for the offering. Stifel, Nicolaus & Company, Incorporated, William Blair & Company, L.L.C, Raymond James & Associates, Inc., Cowen and Company, LLC, and JMP Securities LLC are acting as book-running managers.
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MU | Hot Stocks20:44 EST Micron's Arnzen sells 15,000 common shares - In a regulatory filing, Micron chief people officer April S. Arnzen disclosed the sale of 15,000 common shares of the company on January 13 at a price of $79.13 per share.
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KKR | Hot Stocks20:35 EST KKR closes first Asia real estate Fund at $1.7B - KKR announced the final close of KKR Asia Real Estate Partners, a $1.7B fund focused on opportunistic real estate investments in Asia Pacific. "AREP's close marks the next chapter of growth for KKR in Asia Pacific as we continue to expand our position as a proven alternative capital provider across asset classes," said Ming Lu, Head of KKR Asia Pacific. "Asia Pacific's real estate sector needs sophisticated investment and innovative operational solutions to meet the high demand for modernized properties and developments that are required to stay ahead of the region's rapid growth. Our experienced team is well-positioned to capture compelling opportunities and add value to our portfolio to generate attractive, yield-adjusted returns for our investors."
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TWTR | Hot Stocks20:14 EST Twitter CEO says @realDonaldTrump ban 'right decision' for company - Twitter CEO Jack Dorsey tweeted: "I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter, or how we got here. After a clear warning we'd take this action, we made a decision with the best information we had based on threats to physical safety both on and off Twitter. Was this correct? I believe this was the right decision for Twitter. We faced an extraordinary and untenable circumstance, forcing us to focus all of our actions on public safety. Offline harm as a result of online speech is demonstrably real, and what drives our policy and enforcement above all. That said, having to ban an account has real and significant ramifications. While there are clear and obvious exceptions, I feel a ban is a failure of ours ultimately to promote healthy conversation. And a time for us to reflect on our operations and the environment around us. Having to take these actions fragment the public conversation. They divide us. They limit the potential for clarification, redemption, and learning. And sets a precedent I feel is dangerous: the power an individual or corporation has over a part of the global public conversation. The check and accountability on this power has always been the fact that a service like Twitter is one small part of the larger public conversation happening across the internet. If folks do not agree with our rules and enforcement, they can simply go to another internet service. This concept was challenged last week when a number of foundational internet tool providers also decided not to host what they found dangerous. I do not believe this was coordinated. More likely: companies came to their own conclusions or were emboldened by the actions of others. This moment in time might call for this dynamic, but over the long term it will be destructive to the noble purpose and ideals of the open internet. A company making a business decision to moderate itself is different from a government removing access, yet can feel much the same." Reference Link
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TMUS... | Hot Stocks18:32 EST T-Mobile announces five-year agreements with Ericsson, Nokia - T-Mobile (TMUS) announced five-year, multi-billion-dollar agreements with both Ericsson (ERIC) and Nokia (NOK) to continue advancing and expanding the nation's largest 5G network. Part of the network investment following last year's merger with Sprint, these deals enable T-Mobile to add even more 5G coverage, capacity, speed and advanced technical capabilities across all of its spectrum bands.
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NDAQ | Hot Stocks18:30 EST Nasdaq pauses political donations for next several months - The board of Nasdaq's Political Action Committee announces changes to its PAC program following the violent attack at the U.S. Capitol on January 6. The PAC will pause political donations for the next several months as the 117th Congress begins its work for the American people. The PAC Board will also halt for the foreseeable future any contributions to elected officials who voted to object to the Electoral College certification. "Nasdaq shares the public's concern regarding the deadly events that took place within the U.S. Capitol building," Nasdaq said. "We hope our policies reflect our optimism about the future of America, the opportunity to heal as a country, to champion inclusive growth and prosperity, and the chance to come together to solve our greatest challenges."
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AMZN NGA | Hot Stocks18:27 EST Lion Electric CEO: We are not an overnight success - In an interview on CNBC's Mad Money, Marc Bedard said Lion Electric is 12 years in the making, working mostly under the radar and investing in the product. "Our relationship with Amazon is awesome," he added, noting the MPA provides for the purchase of up to 2,500 trucks. Lion plans to open a factory in the U.S. within two years. Bedard said the company has decided to focus on urban only trucks and will work on long-haul versions in seven to eight years.
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NK | Hot Stocks18:06 EST NantKwest up 22% to $18.00 after interim data on cancer trials
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NK | Hot Stocks18:04 EST NantKwest, ImmunityBio announce early results of PD-L1 t-haNK protocols - NantKwest and ImmunityBio announced early interim results of its PD-L1 t-haNK protocols showing median survival rates more than doubled that of the historic rate in patients with advanced metastatic pancreatic cancer for which no other FDA-approved treatment exists. These trials, which were based on the original Cancer Moonshot hypothesis and exploratory QUILT trials initiated in 2017, appear to validate the theory that by orchestrating natural killer and T-cell therapy, survival rates could be improved without high-dose chemotherapy.
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BXS | Hot Stocks17:48 EST BancorpSouth Bank to acquire FNS Bancshares for $90.04 per share - BancorpSouth Bank announced the signing of a definitive merger agreement with FNS Bancshares, pursuant to which FNS will be merged with and into BancorpSouth. Under the terms of the merger agreement, BancorpSouth will issue 2.975M shares of common stock, plus $18M in cash, for all outstanding shares of FNS capital stock, subject to certain conditions and potential adjustments. Based upon the closing price of BancorpSouth common stock on January 12, the transaction is valued at approximately $108.4M in the aggregate, or $90.04 per share of FNS common stock. Upon completion of the transaction, FNS CEO Steve Rownd will serve as a BancorpSouth division president. The merger has been unanimously approved by the boards of directors of both companies. The merger is anticipated to close during the first half of 2021, pending the receipt of regulatory approval, the approval of FNS shareholders, and the satisfaction of other customary closing conditions.
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JNJ | Hot Stocks17:39 EST Johnson & Johnson says COVID vaccine data shows 'stable neutralizing antibodies' - Johnson & Johnson said in a statement, "Interim Phase 1/2a data were published in the New England Journal of Medicine demonstrating that the company's single-dose investigational COVID-19 vaccine candidate, JNJ-78436735 - being developed by the Janssen Pharmaceutical Companies of Johnson & Johnson - provided an immune response that lasted for at least 71 days, the duration of time measured in this study in participants aged 18-55 years. A preview of part of these interim data was posted on medRxiv in September 2020. The Phase 1/2a interim analysis showed that the company's COVID-19 vaccine candidate induced an immune response and was generally well-tolerated across all study participants. Data demonstrated that, after a single vaccination, neutralizing antibodies against COVID-19 were detected in over 90% of study participants at Day 29 and 100% of participants aged 18-55 years at Day 57. These neutralizing antibodies remained stable through Day 71, currently the latest timepoint available in this ongoing study, in all participants aged 18-55 years. Data on durability of immune responses in trial participants aged over 65 years will be available in late January and longer-term follow-up to one year is planned. The company anticipates announcing topline Phase 3 data for its single-dose Janssen COVID-19 vaccine candidate in late January 2021; however, as this trial is dependent on disease events, the timing is approximate. If the single-dose vaccine is shown to be safe and effective, the company expects to submit an application for Emergency Use Authorization with the FDA shortly afterwards, with other regulatory applications around the world to be made subsequently." Reference Link
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CAAP | Hot Stocks17:36 EST Corporacion America reports increase in int'l passenger fees in Argentina - Corporacion America Airports announced that the Argentine airport regulator, Organismo Regulador del Sistema Nacional de Aeropuertos published Resolution No. 4/2021 in the Official Gazette which establishes among others: an increase of $6 to $57 in the international passenger fee for travelers departing from AA2000 airports, in line with the provisions of the Technical Conditions for the Extension, which are part of the 10-year concession extension approved on December 17, 2020. This tariff increase will become effective on January 14, 2021, for flights as of March 15, 2021; domestic passenger fees remain unchanged until the end of 2021, and; aircraft fees remain unchanged for both domestic and international air operators.
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GE | Hot Stocks17:31 EST GE Aviation awarded $101.47M government contract modification - General Electric Aviation is awarded a $101,470,782 firm-fixed-price, cost-plus-fixed-fee modification to previously awarded contract N00019-18-C-1007. This modification procures 21 T408-GE-400 turboshaft engines and associated engine, programmatic and logistics services in support of CH-53K Lot Five low rate initial production aircraft. Work will be performed in Lynn, Massachusetts, and is expected to be completed in December 2024. Fiscal 2021 aircraft procurement funds in the amount $101,470,782 will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.
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REGN | Hot Stocks17:30 EST Regeneron awarded $2.625B government contract - Regeneron Pharmaceuticals was awarded a $2,625,000,000 firm-fixed-price contract for 1.25 million courses of a monoclonal antibody therapeutic for COVID-19. Bids were solicited via the internet with one received. Work will be performed in Tarrytown, New York, with an estimated completion date of Jan. 11, 2022. Fiscal 2022 research, development, test and evaluation funds in the amount of $2,625,000,000 were obligated at the time of the award. U.S. Army Contracting Command, Newark, New Jersey, is the contracting activity.
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MGI | Hot Stocks17:23 EST MoneyGram to elminate approximately 90 positions - On January 11, MoneyGram committed to an operational plan to reduce overall operating expenses, including the elimination of approximately 90 positions across the company and certain actions to reduce other ongoing operating expenses, including real estate-related expenses. The actions are designed to streamline operations and structure the company in a way that will be more agile and aligned around its plan to execute market-specific strategies. The total expected cost of the 2021 Organizational Realignment is approximately $9.7M, which includes approximately $6.2M in one-time cash severance expenditures and $3.5M in real estate-related and other cash expenditures. The company expects the 2021 Organizational Realignment to reduce operating expenses by approximately $18M on an annualized basis. The company anticipates the workforce reduction portion of the 2021 Organizational Realignment to be substantially completed in the first quarter of 2021 and related cash expenditures to be substantially paid out in 2021. The company's estimates are based on a number of assumptions. Actual results may differ materially, and additional charges not currently expected may be incurred in connection with, or as a result of, the 2021 Organizational Realignment.
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HWCC | Hot Stocks17:09 EST Houston Wire & Cable to sell Southwest Wire Rope unit for $5M - Houston Wire & Cable Company announced that it has entered into a definitive asset purchase agreement for the sale of its Southwest Wire Rope business, a provider of lifting slings and wire rope and rigging products, for a purchase price of $5M, subject to a working capital adjustment. The sale excludes approximately $2.6M of trade accounts receivable, which HWCC will retain. HWCC expects to use the net sales proceeds and accounts receivable collections to further reduce Revolver debt. HWCC has already reduced Revolver debt to approximately $21.4M as of January 13, 2021, from a peak of $95.2M in the first quarter of 2020. James L. Pokluda III, HWCC President & CEO commented, "Southwest Wire Rope is a company that for over fifty years has been a leading supplier of quality lifting slings, wire rope and rigging supplies to the lifting industry. We wish them much success in the future. Proceeds from the sales of Southern Wire and Southwest Wire Rope allow us to reduce debt, which lessens financial risk in these uncertain times." The transaction is subject to customary closing conditions and is expected to close in the first quarter.
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WTRG | Hot Stocks17:05 EST Aqua Pennsylvania to acquire East Whiteland wastewater assets for $55M - Essential Utilities announced that its Pennsylvania wastewater subsidiary has signed an asset purchase agreement with East Whiteland Township, Chester County to acquire the municipality's wastewater assets for approximately $55M. The pending transaction is subject to Pennsylvania Public Utility Commission approval. East Whiteland Township's wastewater system serves approximately 8,200 customer-equivalents including residential and commercial connections. The system is comprised of 57 miles of collection mains and 13 pump stations. The collection system accepts waste from the neighboring municipalities of Malvern Borough and Charlestown Township. Its waste passes through Aqua's Valley Creek Trunk Sewer line where it is treated at the Valley Forge Sewer Authority. Essential's unregulated subsidiary, Aqua Resources, purchased the 9-mile Valley Creek trunk line in December 2018, which consists of gravity sewers, force mains and two pump stations, from the Tredyffrin Municipal Township Authority. Aqua Pennsylvania Wastewater President Marc Lucca said the company anticipates the need for $19M in infrastructure improvements over the next decade including two major sewer extensions. "I would like to welcome the residents and businesses of East Whiteland and neighboring communities to the Aqua wastewater family, many of whom already receive our drinking water. Upon closing we are committed to work on the Planebrook and Bacton Hill roads' sewer extensions, which will enable us to expand public sewer service to several residents within the township who are currently on septic systems," said Lucca.
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UTHR | Hot Stocks17:03 EST United Therapeutics: Results from INCREASE study of Tyvaso published in NEJM - United Therapeutics announced that results from the INCREASE clinical study of Tyvaso Inhalation Solution for the treatment of pulmonary hypertension associated with interstitial lung disease have been published online in the New England Journal of Medicine. Results from INCREASE, the largest and most comprehensive completed study of adult patients with PH-ILD, showed that treatment with inhaled Tyvaso was well tolerated and improved the exercise capacity measure of six-minute walk distance by 31 meters relative to placebo at Week 16 using the mixed model repeated measurement analysis. Additionally, patients treated with Tyvaso experienced significant improvements in other clinically meaningful outcomes, including a decreased risk of clinical worsening, an improvement in forced vital capacity, and a reduction in exacerbation of underlying lung disease. United Therapeutics submitted a supplemental New Drug Application for Tyvaso for the treatment of PH-ILD based on the results of the INCREASE study. The sNDA was accepted by the FDA for review, and the company expects the agency's review to be complete in April.
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C | Hot Stocks17:02 EST Citi unifies wealth management teams to create Citi Global Wealth - Citi announced that it has created a single wealth management organization, Citi Global Wealth, unifying wealth management teams in Global Consumer Banking and the Institutional Clients Group. Citi Global Wealth is a single, integrated platform serving clients across the wealth continuum, from the affluent segment to ultra-high net worth clients. This new organization will be led by Jim O'Donnell and will include the Citi Private Bank and Citi Personal Wealth Management. Jim will report to Anand Selva, CEO of Global Consumer Banking, and Paco Ybarra, CEO of the Institutional Clients Group. In an internal memo announcing the formation of the new business, Citi CEO Michael Corbat and Citi President and incoming CEO Jane Fraser said, "Making wealth management a key differentiator and source of enhanced returns for Citi will be a key element of our strategy going forward, and putting the full force of our firm behind an offering in this way is indicative of the approach we're taking to transforming our bank." Prior to his appointment to this new role, Mr. O'Donnell was Global Head of Investor Sales and Relationship Management, responsible for the distribution of global Markets products to Citi's Equities, Fixed Income, Currencies and Commodities clients. He joined Citi in July 1999.
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MASI | Hot Stocks16:57 EST Masimo sees LiDCO transaction slightly dilutive to non-GAAP EPS in FY21 - The Company recently announced that it had reached an agreement on the terms of a recommended cash offer to acquire the share capital of LiDCO Group Plc, a leading provider of advanced hemodynamic monitoring solutions, LiDCO. Masimo expects that the transaction will close in the first quarter and contribute approximately one percentage point to its full-year 2021 revenue guidance growth rate. Furthermore, the Company expects the transaction to be slightly dilutive to non-GAAP earnings per diluted share in 2021, with accretion to non-GAAP earnings per diluted share beginning in 2022. The financial impact of the transaction is included in Masimo's full-year 2021 financial guidance being issued today.
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SIGA PFE | Hot Stocks16:51 EST Siga Technologies: Meridian Medical to purchase up to $33M of oral TPOXX - SIGA Technologies (SIGA) announced that the Public Health Agency of Canada has awarded a contract to Meridian Medical Technologies, a Pfizer (PFE) company, for the purchase up to approximately $33M of oral TPOXX within five years. The contract specifies firm commitments for the purchase of approximately $3.4M of oral TPOXX by March 31, 2021 and a cumulative purchase of approximately $17.2M of oral TPOXX by March 31, 2023; the remaining courses under the Contract are scheduled to be purchased after March 31, 2023 and are subject to option exercise by PHAC. The Contract award follows, but is separate and incremental to, the issuance in April, 2020 of a contract by the Canadian Department of National Defence for the delivery of up to approximately $14M of oral TPOXX. As with all international sales of TPOXX, Meridian is the counterparty to the contract and SIGA will be responsible for the manufacture and delivery of product. SIGA anticipates Canadian regulatory approval in late 2021 or early 2022.
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VCTR | Hot Stocks16:44 EST Victory Capital reports AUM $147.2B on December 31 - Victory Capital Holdings reported assets under management, AUM, of $147.2B on December 31.
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ALXN | Hot Stocks16:39 EST Alexion further pauses global Phase 3 study of Ultomiris - Alexion Pharmaceuticals announced the decision to pause further enrollment in the global Phase 3 study of ULTOMIRIS, avulizumab-cwvz,in adults with severe COVID-19 requiring mechanical ventilation. This decision is based on the recommendation of an independent data monitoring committee (IDMC), following their review of data from a pre-specified interim analysis. The IDMC recommended that additional enrollment be paused, pending further analysis of the data, due to lack of efficacy when ULTOMIRIS was added to best supportive care, compared to best supportive care alone. There were no new safety findings observed. The study will continue for patients already enrolled, including completion of all study visits and planned ULTOMIRIS dosing according to the study protocol. "We would like to thank the patients and their families, as well as investigators and healthcare professionals, who were essential to this study. We greatly value their contributions to help investigate potential ways to address this devastating pandemic," said John Orloff, M.D., Executive Vice President and Head of Research & Development at Alexion. "While initial anecdotal reports from compassionate use cases were promising, these results demonstrate the importance of conducting controlled clinical trials to fully evaluate the potential of new treatment approaches and generate the necessary evidence to make informed decisions. We are disappointed in this initial outcome, but plan to further analyze the data to identify potential subgroups who may benefit and to determine next steps. In addition, we remain fully committed to our efforts to serve the rare disease community and to continuing to provide ULTOMIRIS to the patients who currently rely on it." The IDMC's recommendation was based on a pre-planned interim analysis of the primary endpoint - survival at Day 29 - once 122 patients completed the 29-day primary evaluation period. No secondary endpoints were analyzed as part of the interim analysis. In the UK, the TACTIC-R platform study led by Cambridge University Hospitals NHS Foundation Trust, which includes an ULTOMIRIS cohort, is evaluating the potential of earlier immune modulatory treatment (hospitalized patients not requiring mechanical ventilation) in preventing progression of the virus, including reducing the need for ICU admission and ventilation. This independent study remains ongoing.
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AVAV | Hot Stocks16:35 EST AeroVironment to acquire Arcturus in $405M accretive acquisition - AeroVironment, and Arcturus announced that they have entered into a definitive agreement under which AeroVironment will acquire Arcturus UAV for a total purchase price of $405M, including $355M in cash and $50M in AeroVironment stock. The transaction, which was unanimously approved by the AeroVironment and Arcturus UAV Boards of Directors, is expected to accelerate AeroVironment's strategy to drive profitable growth and value by expanding into attractive adjacent segments and by broadening its capabilities and customer footprint. AeroVironment expects the acquisition to be immediately accretive to adjusted EBITDA, excluding deal and integration costs, and non-GAAP diluted earnings per share, excluding intangible assets, amortization expense and deal and integration costs, and accretive to GAAP diluted EPS in fiscal year 2022, while increasing pro forma net leverage to 0.5 times adjusted EBITDA. Upon completion of the transaction, key members of the Arcturus UAV executive management team will remain in leadership positions. The transaction is expected to close during fourth quarter of AeroVironment's fiscal year 2021, subject to customary closing conditions and regulatory approvals. At close, Arcturus UAV will operate as a wholly-owned subsidiary of AeroVironment.
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CVLY | Hot Stocks16:32 EST Codorus Valley Bancorp raises dividend to 11c, declares special dividend of 2c - On January 12, the Board of Directors of Codorus Valley Bancorp declared a regular quarterly cash dividend of 11c per common share, payable on February 9 to shareholders of record at the close of business on January 26, which represents a 10% increase over the prior quarter's dividend of 10c per common share. In addition, the Board declared a special cash dividend of 2c per common share, payable on February 9 to shareholders of record at the close of business on January 26.
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PFSW | Hot Stocks16:31 EST PFSweb reports Q4 total orders nearly 11M, up 88% - PFSweb is reporting record fulfillment volumes in its operations business unit, PFS, during the fourth quarter of 2020. Total orders fulfilled increased 88% to nearly 11 million orders. Customer orders processed during November and December 2020 exceeded four million orders each month. Orders fulfilled during Cyber Week - the peak holiday fulfillment period from Black Friday to Cyber Thursday - increased 71% to over two million orders. "Our strong Q4 and holiday performance was driven by our PFS team's deep commitment to serving our clients during this peak period for their businesses," said Mike Willoughby, CEO of PFSweb. "PFS has performed at a high level for its clients throughout 2020, with pandemic-related stay-at-home mandates accelerating eCommerce demand trends throughout the year. I am extremely proud of our team's hard work to accommodate these increased volumes while preserving our high quality of service and differentiated direct-to-consumer offerings."
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FLT TA | Hot Stocks16:29 EST FleetCor and TravelCenters of America renew Comdata payment acceptance agreement - FleetCor (FLT) announced it has renewed an agreement under which TravelCenters of America (TA) will continue acceptingFleetCor 's Comdata fleet card at its TA, TA Express and Petro branded travel centers. Under the terms of the extension, TA, TA Express and Petro travel centers also will begin accepting FLEETCOR's Fuelman and FleetWide fuel cards. "We are delighted to have agreed to an early renewal of our Comdata trucking card acceptance agreement with TA," said FLEETCOR CEO Ron Clarke. "This extension dramatically improves our relationship and positions us to grow volume together over the midterm." "Adding Fuelman and FleetWide card acceptance at TA, TA Express and Petro branded travel centers nationwide enhances the convenience of those programs," said Alexey Gavrilenya, Group President of North America Fuel at FLEETCOR. Fuelman and FleetWide cards will be accepted at TA, TA Express and Petro travel centers beginning later this quarter. TA is the largest publicly traded full-service truck stop and travel center company in the US with more than 270 travel centers in the US and Canada.
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VEEV | Hot Stocks16:21 EST Veeva 'becomes first public company to convert to a public benefit corporation' - Veeva Systems announced "that in an overwhelming majority vote today, 99% of voting shareholders support the company's proposal to become a public benefit corporation, PBC, including the vast majority of Veeva's largest shareholders. With today's shareholder approval, Veeva will become a public benefit corporation on Feb. 1, making it the first publicly traded company and largest-ever to convert to a PBC. As a PBC, Veeva will remain a for-profit corporation but will be legally responsible to balance the interests of multiple stakeholders, including customers, employees, partners, and shareholders. It will also broaden its certificate of incorporation to include a public benefit purpose, 'to help make the industries it serves more productive and create high-quality employment opportunities.' A key technology partner to the life sciences industry, Veeva is dedicated to customers' mission to advance human health and wellbeing. This move aligns Veeva's legal charter with this broader mission and the company's core values, including do the right thing, customer success, and employee success. "We've always operated in the best interests of our customers, employees, communities, and shareholders," said Sayaka So, engineering manager at Veeva Systems. "We're excited to take the important step to put this in our legal charter so we can ensure Veeva's accountability to all stakeholders continues for decades to come." eeva's proposal to declassify its board of directors also received near unanimous approval by shareholders today. "
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ALXN | Hot Stocks16:21 EST Alexion to pause further enrollment in Phase 3 study of ULTOMIRIS - Alexion Pharmaceuticals announced the decision to pause further enrollment in the global Phase 3 study of ULTOMIRIS in adults with severe COVID-19 requiring mechanical ventilation. This decision is based on the recommendation of an independent data monitoring committee, following their review of data from a pre-specified interim analysis. The IDMC recommended that additional enrollment be paused, pending further analysis of the data, due to lack of efficacy when ULTOMIRIS was added to best supportive care, compared to best supportive care alone. There were no new safety findings observed. The study will continue for patients already enrolled, including completion of all study visits and planned ULTOMIRIS dosing according to the study protocol. "We would like to thank the patients and their families, as well as investigators and healthcare professionals, who were essential to this study. We greatly value their contributions to help investigate potential ways to address this devastating pandemic," said John Orloff, M.D., Executive Vice President and Head of Research & Development at Alexion. "While initial anecdotal reports from compassionate use cases were promising, these results demonstrate the importance of conducting controlled clinical trials to fully evaluate the potential of new treatment approaches and generate the necessary evidence to make informed decisions. We are disappointed in this initial outcome, but plan to further analyze the data to identify potential subgroups who may benefit and to determine next steps. In addition, we remain fully committed to our efforts to serve the rare disease community and to continuing to provide ULTOMIRIS to the patients who currently rely on it."
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UMH | Hot Stocks16:21 EST UMH Properties increases quarterly dividend - UMH Properties announced that its board approved a 6% increase in the company's quarterly common stock dividend, raising it to 19c per share from 18c per share. The dividend is payable March 15 to shareholders of record at the close of business on February 16. This represents an annual dividend rate of 76c per share.
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RNR | Hot Stocks16:17 EST RenaissanceRe sees net negative impact of roughly $170M on Q4 from catastrophes - RenaissanceRe Holdings announced it estimates that losses from weather-related catastrophe events and certain losses related to the COVID-19 pandemic will have a net negative impact on the company's fourth quarter 2020 results of operations. For the fourth quarter of 2020, the company expects to report net income available to common shareholders; however, it expects to report an operating loss attributable to common shareholders. The company currently estimates that losses from weather-related catastrophe events which occurred in both the third and fourth quarters of 2020 will have an estimated net negative impact of approximately $170M on its fourth quarter 2020 results of operations. This net negative impact estimate includes Hurricanes Delta, Zeta and Eta, as well as aggregate losses associated with these and other events, and changes in estimated losses from third quarter 2020 weather-related catastrophe events. In addition, the company currently estimates that losses related to the COVID-19 pandemic will have an estimated net negative impact of approximately $175M on its fourth quarter 2020 results of operations. This estimated net negative impact is primarily driven by approximately $165M of losses in the Property segment, principally representing the cost of claims incurred but not yet reported, with respect to exposures such as business interruption coverage, and with the balance pertaining to the Casualty and Specialty segment.
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TMST | Hot Stocks16:16 EST TimkenSteel to increase prices on special bar quality products by $40 per ton - TimkenSteel announced it will increase base pricing on all special bar quality products by $40 per ton. This increase is applicable to orders not already covered by pricing agreements and is effective for shipments beginning March 1. All surcharge mechanisms remain in effect.
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VCTR | Hot Stocks16:16 EST Victory Capital reports AUM of $147.2B on December 31, 2020 - Victory Capital reported assets under management of $147.2B on December 31, 2020.
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CMCT | Hot Stocks16:14 EST Lionbridge, Robotti nominate slate of candidates to CIM Commercial Trust's board - Lionbridge Capital, LP, and Robotti & Company Advisors, with an ownership interest of approximately 5.0% of CIM Commercial Trust, announced that they have nominated a slate of six highly qualified candidates for election to the CMCT Board of Directors at the Company's 2021 Annual Meeting: Thomas D. Ferguson, Mark C. Gelnaw, Raymond V. Marino II, John S. Moran, Gregory M. Morillo, and James O'Leary.
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FLT TA | Hot Stocks16:13 EST FleetCor, TravelCenters renew Comdata payment acceptance agreement - FLEETCOR Technologies (FLT) announced it has renewed an agreement under which TravelCenters of America (TA) will continue accepting FLEETCOR's Comdata fleet card at its TA, TA Express and Petro branded travel centers. Under the terms of the extension, TA, TA Express and Petro travel centers also will begin accepting FLEETCOR's Fuelman and FleetWide fuel cards.
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AVAV | Hot Stocks16:11 EST AeroVironment to acquire Arcturus UAV for $405M - AeroVironment and Arcturus UAV, Inc., announced that they have entered into a definitive agreement under which AeroVironment will acquire Arcturus UAV for a total purchase price of $405M, including $355M in cash and $50M in AeroVironment stock. The transaction, which was unanimously approved by the AeroVironment and Arcturus UAV Boards of Directors, is expected to accelerate AeroVironment's strategy to drive profitable growth and value by expanding into attractive adjacent segments and by broadening its capabilities and customer footprint. "We are excited about the opportunities for value creation through our acquisition of Arcturus UAV, which will enable us to accelerate our growth strategy and expand our reach into the more valuable Group 2 and 3 UAS segments," said Wahid Nawabi, AeroVironment president and chief executive officer. "Group 2 and 3 UAS and services, collectively, potentially represent more than one billion dollars in annual contract value, according to an independent forecast. Combining our highly complementary products and technologies will enhance our portfolio, deliver top and bottom-line growth, and enable us to provide customers with a complete set of Group 1 through 3 UAS, tactical missile systems, high-altitude pseudo-satellites and unmanned ground vehicle solutions. Through this expanded portfolio, we will be well positioned to serve a broader range of customer missions across multiple domains and significantly enhance value for shareholders over the near and long-term." AeroVironment expects the acquisition to be immediately accretive to adjusted EBITDA, excluding deal and integration costs, and non-GAAP diluted earnings per share, excluding intangible assets, amortization expense and deal and integration costs, and accretive to GAAP diluted EPS in fiscal year 2022, while increasing pro forma net leverage to 0.5 times adjusted EBITDA. Upon completion of the transaction, key members of the Arcturus UAV executive management team will remain in leadership positions. The transaction is expected to close during fourth quarter of AeroVironment's fiscal year 2021, subject to customary closing conditions and regulatory approvals. At close, Arcturus UAV will operate as a wholly-owned subsidiary of AeroVironment. The purchase price represents a multiple of approximately 11x Arcturus UAV's LTM 9/30/20 adjusted EBITDA, net of anticipated tax benefits. In connection with the acquisition, AeroVironment has received commitments for a $200 million Term Loan Facility and $100 million revolver (undrawn at close) with Bank of America, N.A. acting as Administrative Agent, and with BofA Securities, Inc., JPMorgan Chase Bank, N.A. and U.S. Bank National Association acting as arrangers. AeroVironment will fund approximately $155 million of the acquisition from cash on hand.
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MN | Hot Stocks16:10 EST Manning & Napier reports preliminary AUM $20.1B as of December 31 - Which included approximately $14.6B in separately managed accounts and approximately $5.5B in mutual funds and collective investment trusts.
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NAV | Hot Stocks16:09 EST Navistar to sell Melrose Park, Illinois campus to developer - Navistar plans to sell its Melrose Park, Illinois facility to a developer who has an actionable plan to redevelop the parcel into a state-of-the-art industrial business park. Navistar estimates that half of the facility's current workforce will be transferred to other facilities. The company expects to cease operations at the Melrose Park campus by November, 2021. The company will take an approximate $85M charge as a result of the exit from the facility, including approximately $40M of cash-related charges. Navistar expects the sale agreement and subsequent divesture of the Melrose Park property to be completed by the end of 2021.
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VEEV | Hot Stocks16:08 EST Veeva shareholders vote to convert to public benefit corporation - Veeva Systems announced that in an overwhelming majority vote today, 99% of voting shareholders support the company's proposal to become a public benefit corporation, including the vast majority of Veeva's largest shareholders. With today's shareholder approval, Veeva will become a public benefit corporation on Feb. 1, 2021, making it the first publicly traded company and largest-ever to convert to a PBC. As a PBC, Veeva will remain a for-profit corporation but will be legally responsible to balance the interests of multiple stakeholders, including customers, employees, partners, and shareholders. It will also broaden its certificate of incorporation to include a public benefit purpose, 'to help make the industries it serves more productive and create high-quality employment opportunities.' A key technology partner to the life sciences industry, Veeva is dedicated to customers' mission to advance human health and wellbeing. This move aligns Veeva's legal charter with this broader mission and the company's core values, including do the right thing, customer success, and employee success.
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JWN | Hot Stocks16:07 EST Nordstrom reports Holiday sales down approximately 22% - Nordstrom announced a net sales decline of approximately 22% for the nine-week holiday period ended January 2, 2021, compared with the nine weeks ended January 4, 2020. Combined November and December sales were in-line with company expectations for a decrease in the low-twenties percentage range for the fourth quarter. Sales trends increased sequentially by approximately 500 basis points relative to the third quarter, after adjusting for the shift of the Nordstrom Anniversary Sale from the second quarter to the third quarter in fiscal 2020. During the holiday season, Nordstrom continued to leverage its digital and physical assets to provide a unique breadth of merchandise selection across brands, price points and styles and convenient shopping experiences for customers: December sales across the Nordstrom and Nordstrom Rack brands reflected sequential improvement from November with momentum continuing into January. Digital sales grew 23 percent over last year and represented 54 percent of total sales compared with 34 percent from the same period in fiscal 2019. Approximately 11 percent of Nordstrom.com orders were picked up in-store, which accelerated to more than 20 percent during the week preceding Christmas. Approximately 9 percent of Nordstromrack.com orders were picked up in-store, which was enabled by the integration of Nordstrom Rack store and online inventory in October. More than 30 percent of online orders were fulfilled from Nordstrom and Nordstrom Rack stores. As a result of expanded gifting selection, gifting items made up 67 percent of sales, an increase of 600 basis points from the prior year. As a result of its holiday performance, the company continues to expect to deliver positive earnings before interest and taxes and operating cash flow for the fourth quarter. In addition, the company expects fourth quarter EBIT margin to deleverage by approximately 500 basis points relative to the prior year primarily due to lower sales volume. Planned shipping surcharges and premium pay related to the holiday season also contributed to the year-over-year EBIT margin deleverage.
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JWN | Hot Stocks16:06 EST Nordstrom reports Holiday sales down approximately 22% -
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BYD... | Hot Stocks15:49 EST New Jersey reports December gaming revenue up 8.9% to $312.9M - The New Jersey Division of Gaming Enforcement reports that total gaming revenue for December was $312.9M, compared to $287.3M in December 2019, reflecting a 8.9% increase. Internet gaming win was $99.5M in December, compared to $49.3M in the prior period, reflecting an increase of 101.6%. Sports wagering gross revenue was $66.4M for the month. Casino win for December was $147.1M, decreasing 29.5% from the same month last year. During December, the casinos operated with certain restrictions due to COVID-19, the NJ DGE noted. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
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OPK | Hot Stocks15:49 EST Opko Health introduces in-home diagnostic services platform Scarlet Health - BioReference Laboratories, an OPKO Health company, introduced Scarlet Health, an in-home, fully integrated digital platform providing access to on-demand diagnostic services. Scarlet has been designed similarly to tools consumers use daily, in order to provide ease-of-use and ubiquitous conveniences. Backed by BioReference's national presence and infrastructure, with laboratory facilities and professionals across the country, Scarlet delivers an innovative, flexible, mobile alternative to traditional patient service centers or other draw locations when phlebotomy and other specimen collection services are needed. Patients will no longer need to travel for laboratory services. Healthcare providers will secure vital diagnostic information about patients reliably, quickly and easily to enable a faster diagnosis.
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SILK | Hot Stocks15:27 EST Silk Road Medical reports voluntarily recall of ENROUTE SDS units - In a regulatory filing prior to the open, Silk Road Medical reported that the company is voluntarily recalling 288 units of its ENROUTE Transcarotid Stent System, or ENROUTE SDS, based on five reports received related to the tip of the stent delivery system becoming detached in five TCAR procedures. "These reports were made between September 2020 and January 2021 and we have commenced an investigation into this matter," Silk Road said in the filing.
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TSLA | Hot Stocks15:18 EST Tesla Model Y achieves 5-Star overall safety rating from NHTSA - Tesla said in a blog post that, "Model Y, Tesla's mid-size Sport Utility Vehicle, is the latest Tesla vehicle to earn a 5-star safety rating in every category from the National Highway Traffic Safety Administration. As part of their 2020 New Car Assessment Program, NHTSA tested Model Y Long Range All-Wheel Drive. We expect similar results for all Model Y variants, including our Performance AWD and single motor, rear-wheel drive variants in the future."Reference Link
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EXAS | Hot Stocks14:51 EST Exact Sciences reports worldwide exclusive license for TARDIS technology - Exact Sciences announced that it has acquired a worldwide exclusive license to the proprietary TARDIS technology from The Translational Genomics Research Institute, or "TGen," an affiliate of City of Hope. "This compelling and technically distinct approach will help expand Exact Sciences' leadership in precision oncology and offers a differentiated patient-specific solution in minimal residual disease testing," the company stated. Kevin Conroy, chairman and CEO of Exact Sciences, added: "Exact Sciences is uniquely positioned to lead cancer diagnostics with our broad foundation and the talented team that created Cologuard and Oncotype DX. We're excited to work with TGen and City of Hope to bring the incredible TARDIS technology to physicians and patients and deliver a better solution in minimal residual disease to improve cancer patient outcomes."
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RIO | Hot Stocks14:01 EST Rio Tinto reaches agreement with Meridian Energy to extend NZAS operations - Rio Tinto has reached an agreement on a new electricity agreement with Meridian Energy that allows New Zealand's Aluminium Smelter, or NZAS, to continue operating the Tiwai Point aluminium smelter until December 31, 2024. The extension provides certainty to employees, the local community and customers while providing more time for all stakeholders to plan for the future, Rio Tinto said in a statement. Rio Tinto Aluminium chief executive Alf Barrios said "We are pleased to have reached an agreement with Meridian Energy that will enable the Tiwai Point smelter to continue producing some of the lowest carbon aluminium in the world. This agreement improves Tiwai Point's competitive position and secures the extension of operation to December 2024. It also provides Rio Tinto, the New Zealand government, Meridian, and the Southland community more time to plan for the future and importantly gives our hard-working team at Tiwai and our customers the certainty they deserve."
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MARK | Hot Stocks13:07 EST Remark Holdings adjourns special shareholder meeting until February 23 - Remark Holdings announced the adjournment of its special shareholder meeting until February 23, 2021 at 1:00 p.m. ET, to provide additional time to solicit votes to reach a quorum and conduct business. The original record date for determining stockholders entitled to vote at the Special Meeting was August 31, 2020. In connection with the reconvening of the Special Meeting on February 23, 2021, Remark's Board has established the close of business on January 7, 2021 as the new record date for determining stockholders entitled to vote at the Special Meeting or any adjournments or postponements thereof.
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FISV KKR | Hot Stocks12:50 EST Fiserv, KKR called out as best ideas by Oakmark's Bill Nygren - Bill Nygren, Partner and CIO-U.S. Equities at Oakmark Funds, is being interviewed on CNBC.
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MDXG | Hot Stocks12:15 EST Prescience Point says looking to work with MiMedx board in 'constructive way' - Prescience Point Capital Management tweeted: "We just filed a 13D for $MDXG. Mgmt has been ineffective in conveying the value of Amniofix - an asset that we believe is worth billions, leading to a chronic undervaluing of the Co's equity. We look fwd to working w/ mgmt & the Board in a constructive way" The tweet from the firm followed a filing made earlier this morning that disclosed a 7.9% stake in the company. Reference Link
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MDXG | Hot Stocks12:15 EST Prescience Point takes activist stake in MiMedx, sees 'chronic undervaluing' - Prescience Point Capital Management disclosed a 7.9% stake in MiMedx Group, which represents over 8.7M shares. The filing with the SEC allows for activism. Prescience believes that the company's management and board "have ineffectively communicated the value" of the Amniofix injectable product to the investment community. The firm believes this has resulted in the "chronic undervaluing" of MiMedx equity by the public markets. Prescience believes the value of the company's pipeline of clinical trials for Amniofix "far exceeds" that of its advanced wound care business. Prescience Point intends to engage in discussions with management and the board "to bring about positive changes in the Issuer's messaging to the investment community." Shares of MiMedx are up 4% to $9.43 in midday trading.
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T... | Hot Stocks12:14 EST Warner Bros.' upcoming 'Harry Potter' game delayed to 2022 - AT&T's (T) Warner Bros. Interactive Entertainment has delayed the release year of "Hogwarts Legacy," an upcoming video game in the "Harry Potter" franchise, to 2022 from 2021. The game's official Twitter account released the following statement: "We would like to thank fans from around the world on the tremendous reaction to the announcement of Hogwarts Legacy from our Portkey Games label. Creating the best possible experience for all of the Wizarding World and gaming fans is paramount to us so we are giving the game the time it needs. Hogwarts Legacy will be released in 2022." The game is planned for release on PC, PlayStation 4 (SNE), PS5, Xbox One (MSFT), and Xbox Series X/S. Reference Link
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JMIA | Hot Stocks12:03 EST Jumia rallies after Citron reiterates call for $100 share price - Shares of Jumia Technologies are moving higher after Andrew Left's Citron Research reiterated its bullish call on the shares. Via twitter, the firm best known for short selling said, "$JMIA on its way to $100. Largest opportunity in E-Commerce Validated by Blowout Black Friday. New filing from Thursday shows Baillie Gifford just doubled their position and now owns greater than 20% of shares outstanding. If this was SPAC would be $100 TODAY." Shares of Jumia are up 11% to $44.80 in midday trading.
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BELFA | Hot Stocks12:03 EST Bel Fuse acquires rms Connectors, terms not disclosed - Bel Fuse announced that the Company has acquired rms Connectors, from rms Company Inc., a division of Cretex Companies, Inc. rms Connectors is a highly regarded connector manufacturer with over 30 years of experience producing harsh environment circular connectors used in a variety of Military and Aerospace applications.
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SM | Hot Stocks12:01 EST SM Energy falls -9.3% - SM Energy is down -9.3%, or -96c to $9.41.
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NM | Hot Stocks12:00 EST Navios Maritime falls -12.3% - Navios Maritime is down -12.3%, or -44c to $3.15.
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PRTY | Hot Stocks12:00 EST Party City falls -13.0% - Party City is down -13.0%, or -$1.05 to $7.02.
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HEXO | Hot Stocks12:00 EST Hexo rises 16.0% - Hexo is up 16.0%, or 85c to $6.20.
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GSX | Hot Stocks12:00 EST GSX Techedu rises 27.1% - GSX Techedu is up 27.1%, or $12.51 to $58.72.
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GME | Hot Stocks12:00 EST GameStop rises 90.9% - GameStop is up 90.9%, or $18.13 to $38.08.
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UBSFY DIS | Hot Stocks11:54 EST Ubisoft confirms collaboration with Lucasfilm on open-world 'Star Wars' game - Ubisoft (UBSFY) confirmed that it is collaborating with Disney's (DIS) Lucasfilm Games on a new story-driven open-world video game set in the "Star Wars" universe. Headed by Massive Entertainment, Ubisoft's critically-acclaimed AAA studio based in Malmo, Sweden, the project gathers "some of the most experienced, innovative talent in the video games industry" and will make the most of Massive's cutting-edge technologies, including the Snowdrop engine, to deliver a groundbreaking "Star Wars" adventure. "The vast Star Wars lore is an incredible source of inspiration for our teams," said Yves Guillemot, co-founder and CEO of Ubisoft. "This is the beginning of a long-term collaboration with Disney and Lucasfilm Games, and we are pleased to be working hand-in-hand to build upon the incredible legacy of Lucasfilm to create a game that we know Star Wars fans will love."
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KDMN | Hot Stocks11:46 EST Kadmon amends employment agreements with CEO, CFO for 'change in control' - In a regulatory filing last night, Kadmon disclosed that on January 8 the company entered into amendments to the employment agreements of Harlan Waksal, M.D., Kadmon's President and CEO, Steven Meehan, Kadmon's Executive Vice President and CFO, and Gregory Moss, Kadmon's Executive Vice President, General Counsel and Corporate Secretary, Chief Compliance Officer. The effective date of the amendments is January 1, 2021. Each of the amendments provide that in the event the executive's employment is terminated without cause, or the employee resigns with good reason as defined in the amendments, in either case during the three months prior to, as of, or within twelve months following the effective date of a "Change in Control," then the vesting of each of the executives' stock options and/or other awards, as applicable, shall be accelerated and vest in full as of the date of termination. In addition, each of executives' employment agreements were amended to provide that a "Change of Control" will constitute good reason for an executive's resignation and that, if compensation and benefits payable would be subject to Sections 280G and 4999 of the Internal Revenue Code, such amounts would be reduced to the extent such reduction would place such executive in a better net after-tax position. In morning trading following last night's filing regarding the change in control amendments, Kadmon shares are up 27c, or 7%, $4.16.
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RTX | Hot Stocks11:37 EST Raytheon team awarded Royal Navy contract - Raytheon UK, a unit of Raytheon Technologies, alongside strategic partner Capita, received a contract award to provide the Royal Navy with "transformative technology, training and learning solutions over the next 12 years," the company announced. The contract, which will be led by Capita, has an initial contract value of GBP 200M to Raytheon UK and will "ensure the Royal Navy offers best-in-class training to all its service personnel," the company stated.
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DBX | Hot Stocks10:59 EST Dropbox COO Olivia Nottebohm steps down - In a filing, the company said, "Dropbox announced that Olivia Nottebohm is stepping down from her role as COO and departing the Company, effective February 5, 2021. Dropbox is grateful for Ms. Nottebohm's contributions to shaping the Company's 2021 strategy and unifying its go-to-market teams. Dropbox wishes her well in her next endeavor."
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DBX | Hot Stocks10:58 EST Dropbox reduces global workforce by 315 employees - In a letter, CEO Drew Houston said, "This is a hard message for me to send, and I wish I were writing with better news. We've made the difficult decision to reduce the size of our global workforce by 315 people, or approximately 11% of the company. This reduction, while painful, is necessary to implement the new strategies we've shared over the last few months...Last spring I made a commitment to all of you to preserve job security through 2020, and it was important to me that we honored that promise. But looking ahead at 2021 and beyond, it's clear that we need to make changes in order to create a healthy and thriving business for the future. Over the past year, we've talked a lot about the importance of running a tight ship and getting the company ready for the next stage of growth. This will require relentless focus on initiatives that align tightly with our strategic priorities, and having the discipline to pull back from those that don't. Unfortunately, this means that we're reducing the size of some of our teams. I realize this is incredibly hard on the Dropboxers and their families who are impacted, and I take full responsibility for this decision. This is one of the toughest decisions I've had to make in my 14 years as CEO...These changes will lead to a more efficient and nimble Dropbox and help us focus on our top priorities for 2021: 1) evolving the core Dropbox experience that hundreds of millions of customers around the world rely on; 2) investing in new products built for distributed work; and 3) driving operational excellence. We have a huge opportunity in front of us as long as we move quickly and deliver for our customers."
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DLR | Hot Stocks10:43 EST Digital Realty names Don Freese as chief information security officer - Digital Realty announced the appointment of Don Freese as Chief Information Security Officer. Freese, who previously served as a Senior Executive with the FBI and a cybersecurity leader at PwC, brings more than 30 years of leadership experience advising large corporations and the highest ranks of the U.S. government on cybersecurity, cyber operations and IT risk management, the company said in a statement. He reports to Executive Vice President, Operations Erich Sanchack and is responsible for overseeing Digital Realty's company-wide information security technology and programs and managing risks related to confidentiality, integrity and availability of systems and data.
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DG | Hot Stocks10:39 EST Dollar General to offer pay to employees to get COVID-19 vaccine - The company said, "Understanding the vaccination of healthcare personnel and long-term care facility residents is underway and the CDC currently recommends the next phase of vaccinations be offered to frontline essential workers, we want to be on the forefront of facilitating our employees' ability to receive the COVID-19 vaccine if they so choose-and we encourage all of our team to receive the vaccine when it's available to them. For our frontline employees who wish to receive the vaccine, we are going to support them. We do not have an on-site pharmacy and currently do not have systems in place for employees to receive a vaccine at their work site. We do not want our employees to have to choose between receiving a vaccine or coming to work, so we are working to remove barriers by providing frontline hourly team members with a one-time payment equivalent of four ours of regular pay after receiving a completed COVID-19 vaccination and salaried team members with additional store labor hours to accommodate their time away from the store. We're also working with our distribution and transportation teams to make similar accommodations for those teams. We understand the decision to receive the COVID-19 vaccination is a personal choice, and although we are encouraging employees to take it, we are not requiring them to do so." Reference Link
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NCNA | Hot Stocks10:30 EST NuCana PLC (ADS) trading resumes
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NCNA | Hot Stocks10:25 EST NuCana PLC (ADS) trading halted, volatility trading pause
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ABNB | Hot Stocks10:19 EST Airbnb to cancel reservations in D.C. area during Inauguration week - Airbnb announced that in response to various local, state and federal officials asking people not to travel to Washington, D.C., it will cancel reservations in the Washington, D.C. metro area during the Inauguration week. "Additionally, we will prevent any new reservations in the Washington, D.C. area from being booked during that time by blocking such reservations," the company said in a statement. Reference Link
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CHH PENN | Hot Stocks10:15 EST Choice Hotels announces loyalty program agreement with Penn National Gaming - Choice Hotels (CHH) announced it has entered into a strategic agreement with Penn National Gaming (PENN) that "signals an expansion in benefits for loyalty members of both companies." The agreement will allow members of Choice's loyalty program, Choice Privileges, to book Penn properties directly with Choice, while earning and redeeming Choice Privileges points for their stays once fully implemented, the company said. "Slated to roll out in phases this year, the alliance will offer reciprocal earning and redemption benefits for Choice Privileges members and members of Penn's mychoice loyalty program," the company added.
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DQ | Hot Stocks10:00 EST Daqo New Energy falls -6.4% - Daqo New Energy is down -6.4%, or -$5.46 to $79.84.
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BIG | Hot Stocks10:00 EST Big Lots falls -7.1% - Big Lots is down -7.1%, or -$3.46 to $45.35.
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PRTY | Hot Stocks10:00 EST Party City falls -7.6% - Party City is down -7.6%, or -62c to $7.45.
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RMO | Hot Stocks10:00 EST Romeo Power rises 10.1% - Romeo Power is up 10.1%, or $1.94 to $21.19.
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GME | Hot Stocks10:00 EST GameStop rises 11.9% - GameStop is up 11.9%, or $2.38 to $22.33.
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SMLP | Hot Stocks10:00 EST Summit Midstream rises 24.6% - Summit Midstream is up 24.6%, or $3.37 to $17.09.
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CTLT ACOR | Hot Stocks09:59 EST Catalent to acquire manufacturing operations from Acorda Therapeutics - Catalent (CTLT) announced it has entered into a definitive agreement to acquire the manufacturing and packaging operations of Acorda Therapeutics (ACOR). The acquisition complements Catalent's status as a premier U.S.-based partner for companies across dry powder inhaled dose forms. Completion of the transaction is subject to customary closing conditions and is expected to occur in the first quarter of this calendar year. Under the terms of the agreement, Catalent will acquire Acorda Therapeutics' 90,000 square-foot, FDA-inspected CGMP facility in Chelsea, Massachusetts, close to Boston Logan International Airport and the thriving biotechnology networks centered around Boston and Cambridge. The site operates best-in-class spray drying capacity, including GEA NIRO PSD-1, PSD-4 and PSD-7 spray drying units, with the latter unit being the largest equipment of its kind in North America, and will provide Catalent with significant commercial-scale capacity for new customer programs. The facility will act as a global center of excellence within the Catalent network for spray-dried dispersion and dry powder encapsulation and packaging. On closing, Acorda Therapeutics' current workforce at the facility will transition employment to Catalent. Catalent has also entered into a long-term supply agreement with Acorda Therapeutics to continue commercial manufacture of INBRIJA from the Chelsea facility. INBRIJA is a prescription medicine from Acorda Therapeutics indicated for use when needed with hypomobility or OFF episodes in adults with Parkinson's disease treated with regular carbidopa/levodopa medicine. The Chelsea site will complement and provide downstream capabilities to Catalent's 180,000 square-foot inhalation development facility in Morrisville, Research Triangle Park, North Carolina, which includes development and manufacturing for metered dose inhalers, nasal sprays, and dry powder inhalers. The Morrisville site offers high-speed commercial-scale manufacturing as well as flexible fill lines for clinical-scale and small batch production.
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VMW | Hot Stocks09:55 EST VMware names CFO Rowe interim CEO, board starts search - VMware announced that its board has initiated a search for a new chief executive officer following a decision by Pat Gelsinger to step down from the position, effective February 12, to lead Intel (INTC) as its new CEO. Zane Rowe, VMware's Chief Financial Officer, has been appointed Interim CEO. Gelsinger will continue to serve on the VMware board. The board is initiating a global executive search process to name a permanent CEO, led by Paul Sagan, Lead Independent VMware Board Member and Chair of the Compensation and Corporate Governance Committee. "VMware's business is in good hands with a proven, experienced management team, and the company's strategic priorities are aligned with what enterprise customers require in these unprecedented times," commented Sagan.
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GRUB | Hot Stocks09:48 EST GrubHub falls -5.5% - GrubHub is down -5.5%, or -$4.55 to $78.47.
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PRTY | Hot Stocks09:47 EST Party City falls -6.1% - Party City is down -6.1%, or -49c to $7.58.
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BIG | Hot Stocks09:47 EST Big Lots falls -8.6% - Big Lots is down -8.6%, or -$4.21 to $44.60.
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KBH | Hot Stocks09:47 EST KB Home rises 10.4% - KB Home is up 10.4%, or $3.55 to $37.70.
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KUKE | Hot Stocks09:47 EST Kuke Music rises 14.8% - Kuke Music is up 14.8%, or $1.50 to $11.60.
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SMLP | Hot Stocks09:47 EST Summit Midstream rises 32.4% - Summit Midstream is up 32.4%, or $4.44 to $18.16.
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INTC | Hot Stocks09:39 EST Dan Loeb says Intel CEO Bob Swan did 'right thing' to step aside - Third Point's Dan Loeb said via Twitter: "Swan is a class act and did the right thing for all stake holders stepping aside for Gelsinger."
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INTC VMW | Hot Stocks09:33 EST Intel appoints VMware's Pat Gelsinger as new CEO, Swan to step down - Intel (INTC) announced that its board of directors has appointed "40-year technology industry leader" Pat Gelsinger as its new chief executive officer, effective Feb. 15, 2021. Gelsinger will also join the Intel board of directors upon assuming the role. He will succeed Bob Swan, who will remain CEO until Feb. 15. Gelsinger is "a highly respected CEO and industry veteran with more than four decades of technology and leadership experience, including 30 years at Intel where he began his career," the company said. Most recently, Gelsinger served as the CEO of VMware (VMW) since 2012. Reference Link
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DSX | Hot Stocks09:29 EST Diana Shipping announces increase in tender offer price for common stock - Diana Shipping announced that it is amending the terms of its previously announced cash tender offer to purchase up to 6,000,000 shares of its outstanding common stock to increase the price at which it will purchase shares of common stock to $2.50 per share from $2.00 per share. The closing price of the Company's common shares on January 12, 2021, the last full trading day prior to the Company's announcement of its intention to increase the purchase price for the shares, was $2.35 per share. The closing price of the Company's common shares on December 14, 2020, the last full trading day prior to the commencement of the Tender Offer, was $1.80. The number of common shares that the Company is offering to purchase remains unchanged at 6,000,000 shares, and the maximum aggregate size of the offering will increase from $12.0 million to $15.0 million. In addition, the Company has extended the Expiration Date, so that the Tender Offer, the proration period and withdrawal rights will now expire at 5:00 p.m., Eastern Time, on Wednesday, January 27, 2021, unless further extended or earlier terminated.
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INRLF OXFD | Hot Stocks09:28 EST Valneva, Oxford Immunotec enter collaboration for T cell testing - Oxford Immunotec (OXFD) announce the start of a collaboration with Valneva (INRLF). The Company will perform T cell testing on participants receiving Valneva's inactivated whole-virus COVID-19 vaccine candidate with the research use only T-SPOT Discovery SARS-CoV-2 test. The VLA2001-201 study is a randomized Phase I/II clinical study designed to evaluate the safety, tolerability and immunogenicity of an inactivated SARS-CoV-2 virus vaccine candidate in healthy subjects, the first study of its kind performed in Europe. The Company's T-SPOT Discovery SARS-CoV-2 test will assess if the vaccination induces a T cell response in study subjects. T-SPOT Discovery SARS-CoV-2 builds on the Company's experience with their T-SPOT technology platform, used clinically for diagnosis of TB. and the assessment of the immune response to CMV in transplant patients. The T-SPOT technology platform is a commercialized and regulated ELISPOT platform, which allows for the standardized and reproducible measurement of T cells reactive to SARS-CoV-2. It also allows centralization of sample processing when used with the Company's T-Cell Xtend reagent, which extends the time from sample collection to the start of sample processing to up to 32 hours.
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CLSK | Hot Stocks09:26 EST CleanSpark announces additional residential microgrid contract - CleanSpark announced an additional contract related to their residential initiative. The project is for an existing Santa Barbara, CA home that has a history of power disruptions directly related to natural disasters. This agreement provides that CleanSpark will deliver energy modeling, analytics, and implementation of storage and controls for a microgrid designed to function in addition to or disconnected from the utility when economic or adverse conditions dictate. The system will be controlled by CleanSpark's patented mPulse software, to ensure optimization of energy costs while delivering the highest level of resiliency.
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ABBV GMAB | Hot Stocks09:25 EST Genmab achieves $40M milestone in AbbVie collaboration - Genmab (GMAB) announced that it has reached the first milestone in its collaboration with AbbVie (ABBV). A $40 million milestone payment was triggered by the first patient dosed in the Phase 3 study of subcutaneous epcoritamab versus investigator's choice of chemotherapy in patients with relapsed or refractory diffuse large B-cell lymphoma. Epcoritamab is being co-developed by Genmab and AbbVie. The milestone will be reflected in Genmab's 2021 guidance, which will be published on February 23, 2021.
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ADMS | Hot Stocks09:24 EST Adamas Pharmaceuticals announces key business drivers for 2021 - The company said, "Key business drivers for 2021: Build on strong 2020 performance by delivering the key strategic priorities for GOCOVRI: raising the urgency to treat both dyskinesia and OFF; communicating its differentiated clinical profile to drive health care provider adoption; and improving access and fulfillment. Anticipated Prescription Drug User Fee Act action date of February 1, 2021, for supplemental New Drug Application to modify the indication statement for GOCOVRI to include treatment for Parkinson's disease patients receiving levodopa and experiencing OFF episodes. Successfully integrate OSMOLEX ER into commercial operations and position the product for the benefit of patients in its approved indication for the treatment of Parkinson's disease and drug-induced extrapyramidal reactions. Earn a full year of royalty revenue from sales of NAMZARIC."
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CRRFY ANCUF | Hot Stocks09:22 EST Alimentation Couche-Tard confirms offer for Carrefour at EUR20 per share - Alimentation Couche-Tard (ANCUF) confirms that it has recently submitted a non-binding offer letter to Carrefour SA (CRRFY) for a friendly combination at a price of EUR20.00 per Carrefour share. The terms of the transaction are under discussion and remain subject to diligence, but the consideration is currently expected to be in cash in large majority.
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HEXO TAP | Hot Stocks09:18 EST Truss CBD USA launches Veryvell sparkling CBD water in Colorado - Truss CBD USA, a joint venture between HEXO Corp (HEXO) and Molson Coors Beverage Company (TAP), announced the U.S. launch of Veryvell, a new line of non-alcoholic, sparkling CBD beverages, exclusively available in Colorado. Veryvell is a hemp-derived, adaptogenic, sparkling CBD water now available to Colorado-based consumers in three flavours: Focu, Mind & Body and Unwind. Veryvell is Powered by HEXO, the recognized quality and innovation behind award-winning products. Veryvell is produced and distributed within Colorado state lines following the state's established regulatory framework for hemp-derived CBD in food and beverages and is exclusively distributed by Coors Distributing Company. Truss CBD USA is distinct from Truss Beverages, Molson Coors and HEXO's joint venture in Canada that focuses on non-alcoholic, cannabis-infused beverages.
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DFLYF | Hot Stocks09:16 EST Draganfly begins process to list on NASDAQ - Draganfly announced that the Company has started the process of preparing for a listing of its common shares on the NASDAQ Capital Market. The Company has engaged a New York based investment bank to begin the NASDAQ listing process. The NASDAQ is a mark of achievement and stature for qualified companies. Listed companies must meet financial and liquidity requirements and satisfy corporate governance and disclosure requirements on both an initial and continuing basis. The listing of the Company's common shares on the NASDAQ is subject to the approval of the NASDAQ and the ability of the Company to satisfy all applicable listing and regulatory requirements. While the Company intends to satisfy all of the applicable listing criteria, there is no assurance that the NASDAQ will approve the Company's application or that the Company will complete the listing as proposed.
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INTC VMW | Hot Stocks09:14 EST Intel jumps 13% after CNBC says CEO Swan to be replaced - Shares of Intel (INTC) are up $6.94, or 13%, to $60.18 in pre-market trading after CNBC's David Faber reported, citing his sources, that Bob Swan will be stepping down as the CEO of the company and will be replaced in that role by VMware's (VMW) Pat Gelsinger. When asked about the report, Intel offered no comment, Faber said in his on-air reporting regarding the planned executive change.
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NWVCF | Hot Stocks09:13 EST EnWave signs research, development license agreement with Fresh Business - EnWave Corporation announced that it has signed a Research and Development License Agreement with Consulting Fresh Business for research and development on products using EnWave's technology in Spain. Fresh Business has paid an initial deposit to purchase a 10kW Radiant Energy Vacuum dehydration machine for this purpose. This Agreement marks the further advancement of the commercial partnership between EnWave and Fresh Business. Fresh Business currently holds a royalty-bearing commercial license agreement for a broad portfolio of food products in Peru and the Company is in the process of commissioning a large-scale 100kW REV machine at its Peruvian facility. Commercial production in Peru is expected to start in the second calendar quarter of 2021. With this latest agreement, Fresh Business intends to forge close partnerships with Spain-based technology hubs and innovation centers to leverage EnWave's patented REV technology for the development of new product applications. This will provide an opportunity for innovators to expedite the commercialization of leading-edge, premium REV dried applications. This Agreement will allow Fresh Business to partner with selected technology centers, and to provide research and development services to operators to demonstrate the value proposition of REV technology. The installation of a pilot-scale REV machine at a technology innovation centre in Spain will increase the visibility of REV(TM) technology among potential new EnWave partners and will serve as a European hub for proof-of-concept trials on new product applications. Pursuant to the Agreement, Fresh Business must pay a second deposit to confirm the 10kW machine order before July 2021. In the near term, Fresh Business plans to select a technology center in Spain to install this 10kW machine for demonstration purposes. Additionally, Fresh Business has been granted option rights to exclusively evaluate commercially viable product applications in exchange for paying individual exclusivity fees to EnWave for each product.
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ARQT | Hot Stocks09:11 EST Arcutis initiaties Phase 3 clinical trials of topical roflumilast cream - Arcutis Biotherapeutics announced that it has commenced pivotal Phase 3 clinical trials evaluating topical roflumilast cream as a potential treatment for atopic dermatitis. Roflumilast cream is a once daily topical formulation of roflumilast, a highly potent and selective phosphodiesterase type 4 inhibitor, which the Company is developing for plaque psoriasis and AD. The "INterventional Trial EvaluatinG roflUMilast cream for the treatmENt of aTopic dermatitis" 1 and 2 are identical Phase 3, parallel group, double blind, vehicle-controlled trials in which roflumilast cream 0.15% or vehicle is applied once daily for 4 weeks to subjects 6 years of age and older with mild to moderate AD involving greater than or equal to3% body surface area. In each trial, approximately 650 subjects are planned to be randomized 2:1 to either roflumilast cream 0.15% or matching vehicle cream. The primary endpoint of both trials is Investigator Global Assessment Success, defined as a Validated Investigator Global Assessment - Atopic Dermatitis score of 'clear' or 'almost clear' plus a 2-grade improvement from baseline at Week 4. Multiple secondary endpoints will also be evaluated, including itch as measured by the Worst Itch-Numerical Rating Scale as well as the proportion of subjects who attain at least a 75% reduction in the Eczema Area and Severity Index at Week 4. After completing INTEGUMENT-1 or -2, subjects may be eligible to enroll in a 12-month, open label extension study evaluating once daily roflumilast cream. The Company anticipates topline data from INTEGUMENT-1 and -2 in the second half of 2022. Arcutis also plans to initiate a third pivotal Phase 3 study, the "INterventional Trial EvaluatinG roflUMilast cream for the treatmENt of aTopic dermatitis in PEDiatric patients" shortly to evaluate roflumilast cream in subjects 2 to 5 years of age with mild to moderate AD.
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ACOR | Hot Stocks09:11 EST Acorda Therapeutics sees Q4 Inbrija net revenue of $9M, Ampyra sales of $25M - Accorda said earlier that it forecasts INBRIJA Q4 2020 net revenue of approximately $9M and full year 2020 net revenue of approximately $24M. Accorda sees AMPYRA ER Tablets, 10 mg net revenue for Q4 2020 of approximately $25M and FY20 net revenue of approximately $98M. The company continues to expect full year non-GAAP 2020 operating expense of $170M-$180M and sees 2020 year-end cash, cash equivalents and restricted cash were approximately $102M. Acorda expects that combined savings from the sale, restructuring and other operating cost reductions will reduce annual operating expenses by approximately $40M. The company provided new operating expense guidance of $130M-$140M for the full year 2021.
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GNPX | Hot Stocks09:11 EST Genprex achieves manufacturing milestone for Reqorsa for upcoming trials - Genprexa announced that it has met all specifications and passed all of the final release tests for its first scaled-up clinical-grade manufacturing run of REQORSA immunogene therapy, in advance of its upcoming Acclaim-1 and Acclaim-2 clinical trials for the treatment of non-small cell lung cancer, NSCLC. "The successful completion of this final step in our scaled-up clinical grade manufacturing of REQORSA marks a key manufacturing milestone for Genprex, and is credited to the hard work and commitment of both our internal manufacturing group and our manufacturing partners," said Rodney Varner, President and Chief Executive Officer of Genprex. "This production provides supply of REQORSA for our
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EOSE | Hot Stocks09:10 EST Eos Energy Enterprises logged $16M of booked orders as of Dec. 31 - Eos Energy Enterprises announced strong sales momentum over the past 90 days towards meeting its 2021 growth objectives. As of December 31, 2020, Eos logged $16M of booked orders. Additionally, the company secured firm commitments supported by customer technical sections and letters of intent for an additional $550M with expected delivery over the next three years. Eos entered binding agreements with a variety of top energy companies, including utilities and microgrid developers, to provide long-duration energy storage for multiple customer use cases. Nearly 20% of these agreements are for extended partnerships, with the longest spanning up to 20 years. The Eos Znyth technology can be used for front-of-meter grid installations and behind-the-meter industrial applications, among other use cases. Over the summer, an Eos installation proved its effectiveness in extreme conditions when called upon to address grid stabilization issues during California's rolling blackouts. Earlier this month, Eos announced that it secured its largest customer order in company history, $20M, to supply EnerSmart with at least 90MWh of energy storage over the next two years beginning with a project site in El Cajon, CA. In addition to multiple locations across the U.S., Eos is installing systems at project sites around the world, including Greece in collaboration with Motor Oil and Nigeria with Nayo Tropical Technology.
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GLBS | Hot Stocks09:08 EST Globus Maritime announces charter for M/V Star Globe - Globus Maritime announced that it has secured new time charter employment for its vessel Star Globe. The vessel has been chartered to an unrelated charterer. The charter commences today, January 13, 2021, and has a minimum duration of five months and a maximum duration of eight months, at the charterer's option, which is expected to generate gross revenue of approximately $1.4M assuming the charter continues for the minimum scheduled period and approximately $2.6M if the charter continues for the maximum period, in each case assuming no offhire days.
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ACOR | Hot Stocks09:07 EST Acorda Therapeutics announces corporate restructuring - Acorda Therapeutics announced a corporate restructuring to reduce costs and focus its resources on INBRIJA. In addition to the associates who will transition to Catalent, Acorda is reducing its combined Ardsley, Waltham and field headcount by approximately 16% through a reduction in force. "Today's announcements represent important steps in our ongoing efforts to strengthen our capital structure, enhance our operating efficiency and position Acorda to drive long-term value for our shareholders," said Ron Cohen, M.D., Acorda's President and CEO. "Through the sale of the Chelsea operations we are monetizing our excess manufacturing capacity and significantly reducing expenses. This will ensure that our patients have uninterrupted access to INBRIJA, while meaningfully improving both our balance sheet and P&L. The restructuring is necessary for Acorda to have an infrastructure and expenses that are right-sized for our products and revenue. This is a difficult step for us all, not least for those who will no longer be employed at the company. We thank them for their dedication and contributions in bringing INBRIJA and AMPYRA to the patient communities we serve. We will be providing these colleagues with severance and assistance in seeking new positions," he added.
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CNSL CIEN | Hot Stocks09:07 EST Consolidated Communications partners with Ciena to upgrade wireline network - Consolidated Communications (CNSL) announced it is partnering with Ciena (CIEN), a network systems, services and software company, to upgrade its wireline network to support new and emerging 5G services and applications. Leveraging Ciena's Adaptive IPTM solution, Consolidated will address the critical need for better, more reliable connectivity as its customers shift to a more virtual environment. "Anticipating the impact 5G will have on our lives, we're preparing our network to handle the next generation of connectivity," said Tom White, chief technology officer at Consolidated Communications. "Working with Ciena allows us to incorporate automation and analytics capabilities into our network so we can deliver the 5G services our carrier customers need to support remote work, video streaming, gaming and more."
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TRVG | Hot Stocks09:06 EST Trivago acquires weekend.com, terms not disclosed - trivago announced that it has acquired weekengo GmbH and weekend.com, a startup focused on finding travelers inspirational weekend getaway packages. The company is based in Dusseldorf, Germany. Under the terms of the deal, trivago N.V. acquired 100% of the shares in weekengo GmbH. The acquisition supports trivago and weekend.com's shared mission to bring travelers inspirational content, helping turn travel intent into exciting getaways. The combination will allow trivago to apply its marketing and product expertise to the weekend.com brand while leveraging synergies with trivago's existing products. With inventory worldwide, weekend.com offers travel packages optimized for short-term travel and weekend getaways from its source markets in Europe and US. Its apps and websites allow travelers to browse relevant offers and destinations based on individual preferences.
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ACOR CTLT | Hot Stocks09:05 EST Acorda to sell Inbrija manufacturing operations to Catalent for $80M - Acorda Therapeutics (ACOR) announced that it has entered into a definitive agreement to sell its Inbrija manufacturing operations in Chelsea, Massachusetts to Catalent (CTLT) for $80M in cash. In connection with the sale, Acorda and Catalent have entered into a long-term global supply agreement under which Catalent will manufacture and package Inbrija for Acorda, ensuring an uninterrupted drug supply for Acorda's patients and continued adherence to best-in-class manufacturing quality and safety standards. As part of the deal, Catalent will absorb all Acorda employees who work at the Chelsea facility, and certain Acorda employees at the Company's Waltham, Massachusetts facility.
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ELOX | Hot Stocks09:05 EST Eloxx says CF Foundation to provide increased funding for ELX-02 trial - Eloxx Pharmaceuticals announced an expansion of its agreement with the CF Foundation beyond the U.S. portion of the trial to include additional funding for the global clinical trial program which includes Europe and Israel. The company said, " Our Phase 2 program consists of two trials, one currently enrolling patients at sites in Europe and Israel and the second in the U.S. In the U.S., in addition to the partial funding being provided by the CF Foundation, our protocol has been sanctioned by the Cystic Fibrosis Therapeutics Development Network. In Europe, the European Cystic Fibrosis Society Clinical Trial Network has given our trial a "high priority" ranking. Dr. Ahmet Uluer, Director of the Adult Cystic Fibrosis Program at the Boston Children's Hospital/Brigham and Women's Hospital CF Center, is the lead study investigator in the U.S. We expect to report top line data from our proof of concept Phase 2 program in the first half of 2021, which is contingent on no further disruptions due to COVID-19. The Safety Review Committee has held several planned meetings and approved dose escalation up to the highest dose level. To date, we have had no reported serious adverse events in the clinical trial. We are participating in the European HIT-CF consortium to support the collection of cystic fibrosis patient-derived organoids and the initiative to conduct a prospective clinical trial to confirm the translational potential of the organoid model. The intent of the program is to use these positive results to enroll patients with responsive organoids in a prospective trial with ELX-02. We believe this program will continue to expand the application of organoid technology from drug discovery through drug approval, and also offers possible label expansion opportunities. "
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SVMK NOW | Hot Stocks09:03 EST SurveyMonkey announces integration with ServiceNow - SurveyMonkey (SVMK) announced a new integration with cloud services and workflow management provider ServiceNow (NOW) to enable enterprises to seamlessly pair mission-critical feedback data with digital workflows. The integration provides customers with the data-driven stakeholder insights they need to improve employee engagement, build customer relationships, and accelerate business growth as the future of work continues to evolve.
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QTS | Hot Stocks09:03 EST QTS Realty Trust names Brent Bensten as Chief Technology Officer - QTS Realty Trust announced that it has named Brent Bensten as Chief Technology Officer and Jon Greaves as EVP of Quality Special Operations with leadership of federal service delivery and strategy. Brent Bensten, QTS' current EVP of Architecture and Development, will assume the role of Chief Technology Officer, effective February 1, and now report to the CEO. Bensten joined the company in 2015 and has more than 20 years of experience in technology and data center operations leadership roles.
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SESN | Hot Stocks09:02 EST Sesen Bio and Qilu announce IND application for Vicineum - Sesen Bio reported that the Investigational New Drug application submitted to the Center for Drug Evaluation of the China National Medical Products Administration by the Company's partner in China, Qilu Pharmaceutical, was accepted for review. If the IND is approved, Qilu will be authorized to conduct the proposed clinical trial to assess the efficacy and safety of VicineumTM in patients with non-muscle invasive bladder cancer in Greater China. The Company's lead program, Vicineum, also known as VB4-845, is currently in the follow-up stage of a Phase 3 registration trial in the United States (US) for the treatment of high-risk, bacillus Calmette-Guerin -unresponsive NMIBC. In December 2020, the Company completed the Biologics License Application submission for Vicineum to the FDA.
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REFR | Hot Stocks09:02 EST Research Frontiers announces debut of SPD-SmartGlass technology - In conjunction with General Motors CEO Mary Barra's keynote address at CES, Cadillac announced the debut of its future flagship ultra-luxury fully electric CELESTIQ sedan. Automotive News noted that the CELESTIQ is expected to go on sale in 2023. CELESTIQ's full-glass roof is expected to be one of the first to feature a four-quadrant, suspended-particle-device smart glass. With this smart glass, each occupant of the vehicle can set their own level of roof transparency. The driver and front-seat passenger will enjoy a pillar-to-pillar freeform display with active privacy to help mitigate driver distraction while rear-seat passengers have personalized entertainment screens. Console screens between seats in the front and back will separate individualized comfort settings from entertainment displays to minimize distractions. SPD-Smart light control film, invented and patented by Research Frontiers, is a key component in SPD-SmartGlass products. This film allows users to instantly, precisely and uniformly control the shading of glass or plastic products, either manually or automatically at the touch of a button. Products using Research Frontiers' smart glass technology are being used in tens of thousands of cars, aircraft, yachts, trains, homes, offices, museums and other buildings.
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INBX | Hot Stocks09:01 EST Inhibrx granted FDA Fast Track designation for INBRX-109 - Inhibrx announced the U.S. FDA granted Fast Track designation to INBRX-109 for the treatment of patients with unresectable or metastatic conventional chondrosarcoma. INBRX-109 is a precisely engineered tetravalent single domain antibody-based therapeutic candidate that agonizes death receptor 5 to induce tumor selective programmed cell death. A potential registration-enabling Phase 2 study of INBRX-109 has been discussed with the FDA and will be designed as a randomized, blinded, placebo-controlled study in unresectable or metastatic conventional chondrosarcoma with progression-free survival as the primary endpoint. Inhibrx expects to start dosing patients in this potentially registration-enabling study in the second or third quarter of this year.
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EXPI | Hot Stocks09:01 EST eXp Realty opens in New Brunswick, Manitoba - eXp Realty announced it has expanded its Canadian footprint and is now open for business in New Brunswick and Manitoba. With the expansion, eXp Realty operates in nine Canadian provinces, including Alberta, British Columbia, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec and Saskatchewan. As part of the expansion, eXp Realty has hired experienced leaders in each province responsible for brokerage operations, with Lou Yerxa heading up New Brunswick and Rena Prefontaine leading in Manitoba.
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FLIR | Hot Stocks08:59 EST FLIR Systems announces $23M in awards from U.S. CBP - FLIR Systems announced it has received awards from the United States. U.S. Customs and Border Protection, CBP, to deliver improved air and ground surveillance capabilities using advanced thermal imaging and drone technology. All awards are potentially worth more than $23M, including for delivery of the next-generation FLIR LVSS CBP's Mobile
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YAYO | Hot Stocks08:57 EST Rideshare Rental CEO increases common stock position by 5M shares - RideShare Rental announced that its CEO Ramy El-Batrawi, has increased his ownership position in YAYO common stock by five million shares. Mr. El-Batrawi received these shares through an exchange transaction with RSR's largest stockholder, the Gray Mars Venus Trust, Arizona 2015. The shares will be held as an asset of X, LLC, a Delaware limited liability company, of which Mr. El-Batrawi is managing member and Mr. El-Batrawi will have sole voting and dispositive power over the shares received from the Trust.
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GMLP NFE | Hot Stocks08:56 EST Golar LNG Partners to be acquired by New Fortress Energy for $3.55 per unit - Golar LNG Partners (GMLP) announced that it has entered into an agreement and plan of merger with New Fortress Energy (NFE). Under the merger agreement, NFE has agreed to acquire all of the outstanding common units and general partner units of GMLP for $3.55 per unit in cash for a total purchase price of $251 million equity value. In connection with the transaction, GMLP's incentive distribution rights will be cancelled. The Series A preferred units of GMLP will remain outstanding. The consideration to be received by GMLP common unitholders represents a 27% premium to the closing price of GMLP's common units of $2.79/unit on January 12, 2021, and a 37.5% premium to the volume weighted average closing price of GMLP's common units for the 20-trading day period ended January 12, 2021. GMLP's Board of Directors, acting upon the recommendation of the Conflicts Committee of the Board of Directors of GMLP, unanimously approved the proposed transaction with NFE and recommended that the GMLP unitholders approve the transaction. The closing of the transaction is subject to the approval by the holders of a majority of GMLP's outstanding common units, the receipt of certain regulatory approvals and third party consents and other customary closing conditions, and is expected to occur in the first half of 2021. Golar LNG Limited, which owns approximately 30.8% of the issued and outstanding common units of GMLP, as well as the general partner of GMLP, has entered into a support agreement with NFE committing to vote its common units in favor of the transaction.
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URGN | Hot Stocks08:55 EST UroGen, MD Anderson announce strategic research collaboration - UroGen Pharma and The University of Texas MD Anderson Cancer Center announced a strategic three-year collaboration agreement to advance combinatorial intravesical immunotherapy, which is delivered directly into the bladder, for the treatment of high-grade non-muscle invasive bladder cancer . UoGen's approach involves the local delivery of potent immunomodulators (UGN-201, a TLR 7/8 agonist and UGN-301, an anti-CTLA-4 antibody). UGN-301, an immune checkpoint inhibitor, is delivered using UroGen's proprietary RTGel(TM) platform to increase dwell time, which has been shown to significantly improve the effectiveness of intravesical therapy. "We are pleased to enter into this collaboration with MD Anderson and its immunotherapy platform, which brings unique translational and clinical expertise in immuno-oncology," said Mark Schoenberg, M.D., Chief Medical Officer of UroGen Pharma. "This agreement will help UroGen potentially bring next-generation immunotherapy to bladder cancer patients with a significant unmet need and limited clinical options other than bladder removal." Under the agreement, MD Anderson and UroGen will collaborate on the design and conduct of non-clinical and clinical studies with oversight from a joint steering committee. UroGen will provide funding, developmental candidates, and other support.
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URGN | Hot Stocks08:55 EST UroGen, MD Anderson announce strategic research collaboration - UroGen Pharma and The University of Texas MD Anderson Cancer Center announced a strategic three-year collaboration agreement to advance combinatorial intravesical immunotherapy, which is delivered directly into the bladder, for the treatment of high-grade non-muscle invasive bladder cancer . UoGen's approach involves the local delivery of potent immunomodulators (UGN-201, a TLR 7/8 agonist and UGN-301, an anti-CTLA-4 antibody). UGN-301, an immune checkpoint inhibitor, is delivered using UroGen's proprietary RTGel(TM) platform to increase dwell time, which has been shown to significantly improve the effectiveness of intravesical therapy. "We are pleased to enter into this collaboration with MD Anderson and its immunotherapy platform, which brings unique translational and clinical expertise in immuno-oncology," said Mark Schoenberg, M.D., Chief Medical Officer of UroGen Pharma. "This agreement will help UroGen potentially bring next-generation immunotherapy to bladder cancer patients with a significant unmet need and limited clinical options other than bladder removal." Under the agreement, MD Anderson and UroGen will collaborate on the design and conduct of non-clinical and clinical studies with oversight from a joint steering committee. UroGen will provide funding, developmental candidates, and other support.
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LXXGF | Hot Stocks08:54 EST Lexagene initiates program to identify UK, South African COVID sequences - LexaGene Holdings announced that it has initiated a program that uses the rapid configurability of the MiQLab system to investigate novel variants of SARS-CoV-2, the pathogen that causes COVID-19. LexaGene is pursuing FDA EUA for COVID-19 testing using assays that are predicted to detect greater than99.9% of the strains circulating today based on published sequences, including the UK and South African variants. Given the suspected higher rate of transmissibility of these variants, it is of clinical importance to be able to distinguish these new variants from the original strain. LexaGene's MiQLab can be easily configured to run tests for both coronavirus detection and strain identification as it is capable of screening for up to 27 genetic targets at once. To date, there is no FDA approved device that is designed for point-of-care usage and is open-access. LexaGene has designed and ordered components for tests to distinguish the UK and South African strains from the traditional coronavirus strain and will confirm these work as expected on the MiQLab system. At this time, LexaGene has no plans to incorporate these new tests into the FDA studies for Emergency Use Authorization for COVID-19 testing, which began late last month.
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TIVO XPER | Hot Stocks08:52 EST TiVo and Cox Communications extend IP agreement - TiVo (TIVO) and Cox enter agreement to renew multi-year license to TiVo's Media Patent Portfolios TiVo, and a wholly-owned subsidiary of Xperi Holding Corporation (XPER) announced that Cox Communications has entered into a multi-year extension of its intellectual property agreement for the company's media-related patent portfolios. As the largest private telecom company in the U.S., Cox is committed to creating meaningful moments of human connection through broadband applications and services. They proudly provide a variety of home and business services to customers across its national footprint, including Contour TV, high-speed internet, Homelife home automation and security, and home phone. "Our patent license renewal with Cox Communications further confirms the substantial relevance and value of TiVo's intellectual property portfolios, particularly in the U.S. pay-TV market," said Samir Armaly, president of intellectual property at Xperi.
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TIVO XPER | Hot Stocks08:52 EST TiVo and Cox Communications extend IP agreement - TiVo (TIVO) and Cox enter agreement to renew multi-year license to TiVo's Media Patent Portfolios TiVo, and a wholly-owned subsidiary of Xperi Holding Corporation (XPER) announced that Cox Communications has entered into a multi-year extension of its intellectual property agreement for the company's media-related patent portfolios. As the largest private telecom company in the U.S., Cox is committed to creating meaningful moments of human connection through broadband applications and services. They proudly provide a variety of home and business services to customers across its national footprint, including Contour TV, high-speed internet, Homelife home automation and security, and home phone. "Our patent license renewal with Cox Communications further confirms the substantial relevance and value of TiVo's intellectual property portfolios, particularly in the U.S. pay-TV market," said Samir Armaly, president of intellectual property at Xperi.
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SRPT | Hot Stocks08:52 EST Sarepta, Genevant announce collaboration for gene editing therapeutics - Sarepta Therapeutics and Genevant Sciences announced a research collaboration and option agreement for the delivery of LNP-gene editing therapeutics in Sarepta's pipeline for neuromuscular diseases. LNPs offer the potential for a non-viral approach to gene editing and can provide both optimal uptake into desired cells and efficient release, resulting in functional delivery of gene editing cargo, such as CRISPR-Cas, to target tissues. Gene editing has the potential to revolutionize the treatment of diseases caused by genetic mutations - including rare neuromuscular diseases - by permanently altering genes that lead to disease. Sarepta is pursuing a variety of approaches to genetic medicine including exon skipping, gene therapies and gene editing in pursuit of cures for rare diseases. Under the terms of the agreement, Genevant will design and collaborate with Sarepta in the development of muscle targeted LNPs to be applied to gene editing targets in early stage development. Sarepta will have rights to an exclusive license to Genevant's LNP technology for up to four neuromuscular indications, including Duchenne muscular dystrophy. Genevant may receive approximately $50M in near-term payments and is also eligible for significant future development, regulatory and commercial milestones and tiered royalties ranging from the mid-single to low-double digits on future product sales.
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TIVO XPER | Hot Stocks08:52 EST TiVo and Cox Communications extend IP agreement - TiVo (TIVO) and Cox enter agreement to renew multi-year license to TiVo's Media Patent Portfolios TiVo, and a wholly-owned subsidiary of Xperi Holding Corporation (XPER) announced that Cox Communications has entered into a multi-year extension of its intellectual property agreement for the company's media-related patent portfolios. As the largest private telecom company in the U.S., Cox is committed to creating meaningful moments of human connection through broadband applications and services. They proudly provide a variety of home and business services to customers across its national footprint, including Contour TV, high-speed internet, Homelife home automation and security, and home phone. "Our patent license renewal with Cox Communications further confirms the substantial relevance and value of TiVo's intellectual property portfolios, particularly in the U.S. pay-TV market," said Samir Armaly, president of intellectual property at Xperi.
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SQBG | Hot Stocks08:51 EST Sequential Brands signs partnerships for William Rast brand - Sequential Brands Group announced that it has signed new partners for its women's and men's denim business. The Company has partnered with Omega Apparel to develop a new line of men's denim and Millennial Apparel Group for women's denim. The new collections are expected to launch next year and will be sold at current distribution channels including department stores with a focus on expanding into new channels as well.
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EVOK | Hot Stocks08:50 EST Evoke Pharma announces finding from GIMOTI market research study - Evoke Pharma announced positive findings from the first market research for GIMOTI following its launch during the fourth quarter of 2020. During December 2020, Evoke through its marketing partner, EVERSANA, conducted an ATU Study, a quantitative survey to measure physician awareness, trial, and product usage, for GIMOTI. Approximately 104 total physician responses were captured. Survey respondents were split into three groups drawn from the healthcare practitioner community; "target" gastroenterologists currently being called on by the field sales force, other "non-target" gastroenterologists, and primary care physicians who are not currently targeted for messaging. Areas of interest that were queried included initial and future potential prescribing trends, and how HCPs viewed the suitability of GIMOTI in certain gastroparesis patient populations. Key Findings: Indicated an intent to prescribe GIMOTI: 79% of target gastroenterologists. 89% of non-target gastroenterologists. 50% of PCPs. Out of those target gastroenterologists indicating an intent to prescribe GIMOTI, 94% indicated GIMOTI would be "appropriate" to use in moderate to severe patients. A majority of each of the target and non-target gastroenterologists noted they intend to prescribe GIMOTI for both new and existing gastroparesis patients. Nineteen of all participating HCPs indicated that they have already written a prescription for GIMOTI. HCPs indicated that the primary driver for prescribing GIMOTI was patients being switched to GIMOTI due to lack of efficacy of current treatments.
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SNCA | Hot Stocks08:49 EST Leading BioSciences announces Fast Track Designation for LB1148 - Leading BioSciences, a privately held company that recently entered into a definitive agreement for a reverse merger with Seneca Biopharma to form Palisade Bio, Inc., announced that the U.S. Food and Drug Administration has granted Fast Track Designation to LB1148 for the treatment of postoperative gastrointestinal dysfunction associated with pediatric heart surgery. Previously, LBS announced positive topline data from a Phase 2, randomized, double-blind, placebo-controlled, study that enrolled 120 adult open-heart surgery patients. This trial evaluated return of bowel function in adult patients undergoing open-heart surgery with cardiopulmonary bypass. The LB1148-treated group demonstrated a statistically significant improvement of approximately 30% in the median time to return of normal bowel function as compared to the placebo treatment group. Generally, treatment with LB1148 was well tolerated. Adverse events were similar between the treatment groups and not unexpected for the subject population. In addition to adult open-heart surgery patients, there is a tremendous unmet need for improving GI recovery in neonates undergoing heart surgery. By accelerating a return of GI function and full feeding following surgery, LB1148 may minimize the risk of developmental delays and other serious complications. LBS is planning to initiate a randomized, double-blind, placebo-controlled, multicenter Phase 3 clinical trial of LB1148 in neonatal patients undergoing elective on-pump open-heart surgery to correct congenital heart defects in 2021.
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TAP HEXO | Hot Stocks08:48 EST Molson Coors CBD JV with lHexo debut Veryvell sparkling CBD water in Colorado - Truss CBD USA, a joint venture majority owned by Molson Coors (TAP) and operated in partnership with HEXO (HEXO) announces the U.S. launch of Veryvella new line of non-alcoholic, sparkling CBD beverages, exclusively available in Colorado. Veryvell is a hemp-derived, adaptogenic, sparkling CBD water infused with a crisp taste, zero calories and zero sugar. Veryvell is now available to Colorado-based consumers both online and at select retailers in Colorado in three flavors: Focus and Unwind. "Last year, we redefined ourselves as Molson Coors Beverage Company and in doing so, laid out a clear vision of leveraging the competitive strengths of our storied foundation in beer to grow in new spaces beyond the beer aisle," said Pete Marino, president of the emerging growth division for Molson Coors. "Truss' entry into the CBD market in Colorado and the launch of Veryvell(TM), a brand we believe will resonate well with Colorado consumers, is another example of Molson Coors' expansion into new beverage categories."
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TAP HEXO | Hot Stocks08:48 EST Molson Coors CBD JV with lHexo debut Veryvell sparkling CBD water in Colorado - Truss CBD USA, a joint venture majority owned by Molson Coors (TAP) and operated in partnership with HEXO (HEXO) announces the U.S. launch of Veryvella new line of non-alcoholic, sparkling CBD beverages, exclusively available in Colorado. Veryvell is a hemp-derived, adaptogenic, sparkling CBD water infused with a crisp taste, zero calories and zero sugar. Veryvell is now available to Colorado-based consumers both online and at select retailers in Colorado in three flavors: Focus and Unwind. "Last year, we redefined ourselves as Molson Coors Beverage Company and in doing so, laid out a clear vision of leveraging the competitive strengths of our storied foundation in beer to grow in new spaces beyond the beer aisle," said Pete Marino, president of the emerging growth division for Molson Coors. "Truss' entry into the CBD market in Colorado and the launch of Veryvell(TM), a brand we believe will resonate well with Colorado consumers, is another example of Molson Coors' expansion into new beverage categories."
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DXR | Hot Stocks08:47 EST Daxor announces distribution agreement with L1 Enterprises - Daxor Corporation announces that it has signed a new distribution agreement with L1 Enterprises. Daxor and L1 Enterprises will work together to provide Daxor's BVA-100 diagnostic blood test, driving the use of BVA to help guide precise, individualized volume management in a wide variety of medical conditions including heart failure and critical care.
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IMBI | Hot Stocks08:44 EST iMedia Brands' Float Left partners with 24i for OTT solutions - iMedia Brands announces its subsidiary, Float Left Interactive and streaming video experience specialists 24i will partner to leverage the power of Float Left OTT technology to offer advanced applications on Roku, one of the leading connected TV devices. 24i has developed successful applications for Roku devices for several years, and integrating Float Left's Roku framework into their Smart Apps product will bring their products enhanced efficiency and scale. The integration will enable 24i's product team to focus on the added value they can bring to streaming services by simplifying the development of a single user experience across multiple platforms, particularly through the use of 24i's intuitive Backstage interface for content and application management. Together, Smart Apps and Backstage provide a turn-key video application development platform to allow content owners and broadcasters to provide consumers with an intuitive and engaging user interface for enjoying live and on demand video content. This platform facilitates a consistent user experience across all devices, as well as the flexibility to easily expand and customize functionality.
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GNSS | Hot Stocks08:43 EST Genasys opens international offices in Singapore, Dubai - Genasys announced it has opened offices in Singapore and Dubai as part of the Company's ongoing regional expansion. The offices are staffed with business development professionals with extensive regional sales experience in Southeast Asia, the Middle East, Africa and Central Asia. Sean McKane is serving as Vice President of Business Development for Southeast Asia. Peter Ayre is serving as Vice President of Business Development for the Middle East, Africa and Central Asia.
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EVBG | Hot Stocks08:42 EST Everbridge says Mass Notification system to be used in DC - Everbridge announced its Mass Notification system will be used to help keep Washington, D.C. area residents and visitors safe and informed in the days leading up to and during the Presidential Inauguration in Washington, D.C. on January 20, 2021. The United States Park Police (USPP), one of the oldest uniformed federal law enforcement agencies in the country, and the District of Columbia government, will once again partner to leverage the Everbridge platform to provide subscribers with safety, weather, traffic, event and emergency alerts, at a time when the ongoing COVID-19 outbreak poses new challenges for organizers and attendees.
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LKFN | Hot Stocks08:42 EST Lakeland Financial raises quarterly dividend 13% to 34c per share - Lakeland Financial announced that the Board of Directors approved a quarterly cash dividend for the fourth quarter of 2020 of 34c per share, payable on February 5, 2021 to shareholders of record as of January 25, 2021. The quarterly dividend represents a 13% increase over the quarterly dividend rate paid in the first three quarters of 2020.
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SFET | Hot Stocks08:41 EST Safe-T says continues to strengthen collaboration with distribution partners - Safe-T Group continues to strengthen collaboration with its distribution partners and will participate in two virtual events during January 2021. The virtual events will be held with four of the Company's partners, including HTC Global Services and Softprom Distribution GmbH.
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LGND MRK | Hot Stocks08:40 EST Ligand will get $1.5M milestone payment from Merck - Ligand reported that the company will receive a $1.5M milestone payment from Merck triggered by the U.S. Food and Drug Administration's, FDA's),acceptance for review of a biologics license application for V114, an investigational 15-valent pneumococcal conjugate vaccine candidate for the prevention of pneumococcal disease in adults. "This collaboration with Merck is one of the core assets that catalyzed our acquisition of Pfenex last October," said John Higgins, Chief Executive Officer of Ligand. "If commercially launched, Ligand is entitled to a low-single-digit royalty on net sales of V114. The CRM197 carrier protein produced via our patent protected Protein Expression Technology platform is utilized in the V114 vaccine program." "This collaboration with Merck is one of the core assets that catalyzed our acquisition of Pfenex last October," said John Higgins, Chief Executive Officer of Ligand. "If commercially launched, Ligand is entitled to a low-single-digit royalty on net sales of V114. The CRM197 carrier protein produced via our patent protected Protein Expression Technology platform is utilized in the V114 vaccine program."
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FKWL | Hot Stocks08:39 EST Franklin Wireless announces Pintrac Drive - Franklin Wireless announced the successful customer trial of Pintrac Drive, an aftermarket On-Board Diagnostic device that enables non-connected cars to connect to global 4G LTE networks for enhanced services and broadband wireless connectivity. With easy plug and play the ODB device is compatible with virtually any car manufactured after 1998 and connects easily to US and International 4G LTE networks without the need of an installation technician. Once installed, the device provides on-demand live vehicle tracking, high-speed alerts, vehicle health diagnostic data, collision detection, air quality monitoring for Carbon Monoxide and other contaminates, and a host of other features and functions.
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RDVT | Hot Stocks08:38 EST FOREWARN partners with Tri-County Suburban REALTORS - FOREWARN announced that the Tri-County Suburban REALTORS has contracted to make FOREWARN services available for the 8,500+ REALTOR members it serves in Chester, Delaware and Montgomery counties to promote proactive real estate agent safety.
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SOS | Hot Stocks08:37 EST SOS Limited announces crypto mining plan - SOS Limited announced its crypto mining plan. SOS plans to invest heavily in the crypto mining business to take advantage of the growing investors' realization of the values and potentials of the crypto assets. Dr. Huazhong Yan, Vice President of Operation who spearheads the company's planned cryptocurrencies security and insurance operation will also be responsible for the crypto mining business. The company plans to have him lead a team to come up with a detailed plan of setting up a series of cloud crypto mining sites in the regions where energy costs are much lower and clean energy resources much more, such as Sichuan, Gan su, Xinjiang, Yunnan, Inner Mongolia, etc. Initially, SOS anticipates focusing on the mining of the key mainstream cryptocurrencies, such as BTC, etc. If that venture develops as planned, we plan to expand mining further to the full coverage of all of mainstream cryptocurrencies. In addition, SOS also plans to provide a variety of cloud based crypto mining services, such as SOS self-mining, miner trusteeship, cryptocurrency-related DeFi, security and insurance services for cryptocurrencies, etc. SOS Chairman Yandai Wang commented, "We expect that SOS's planned cloud based crypto mining and crypto currency security and insurance operation spearheaded by Dr. Yan, will become one of key growth drive of SOS."
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PEIX ALTO | Hot Stocks08:37 EST Pacific Ethanol completes name change to Alto Ingredients - Pacific Ethanol has changed its corporate name to Alto Ingredients, Inc., effective January 12, 2021. The company's name change will be reflected on The Nasdaq Stock Market on January 14, 2021, and the company's stock will begin trading under a new ticker symbol, ALTO, starting February 1, 2021.
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SWKS | Hot Stocks08:36 EST Skyworks announces milestone in SKY66318-21 power amplifier shipments - Skyworks Solutions announced a significant milestone with the shipment of over 1 million of its SKY66318-21 power amplifier. "This achievement highlights Skyworks accelerating the adoption of 5G by enabling enhanced 5G connections and powering more efficient range extension for small cells. To demonstrate the benefits of this exciting new technology, Skyworks also collaborated with Xilinx, Inc. to showcase the spectral and power efficiency achievable using the SKY66318-21 PA in 5G infrastructure applications during the CES 2021 Show."
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PACB NVTA | Hot Stocks08:36 EST Pacific Biosciences, Invitae to develop genome sequencing platform - Pacific Biosciences of California (PACB) announced a multi-year collaboration with Invitae Corporation (NVTA) to begin development of a production-scale high-throughput sequencing platform leveraging the power of PacBio's highly accurate HiFi sequencing to expand Invitae's whole genome testing capabilities. With the development of a new sequencing platform, Invitae and PacBio aim to enable a new class of cost-effective assays that could be used to accelerate the accessibility of a more comprehensive whole genome sequencing approach in areas including carrier screening, immune system response, and other heritable diseases. Through the collaboration, both companies will commit significant resources to support development of a production-scale sequencing platform designed with the capacity to process clinical whole genomes at scale. Those resources are expected to include talent, technology and collaborative oversight, and Invitae will also invest capital to support development throughout the multi-year effort.
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TROW | Hot Stocks08:34 EST T. Rowe Price reports preliminary AUM $1.47T at December 31 - Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1B in December 2020, and $2.5B for the fourth quarter of 2020.
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BNGO | Hot Stocks08:33 EST Bionano Genomics announces presentations from Cytogenomics Symposium - Bionano Genomics announced that day two of its five-day Next-Generation Cytogenomics Symposium featured eight Saphyr users presenting their results and experiences using the Saphyr system for optical genome mapping to analyze the genomes of patients with heme malignancies. The presentations by scientists and clinicians from leading hospitals and medical research institutions in Europe, the US and China discussed results on a variety of blood cancers, including Myelodysplastic Syndromes and a number of acute and chronic leukemias, and all 8 studies showed that Saphyr-based analyses of hematological malignancies can identify actionable variants detected by several cytogenomic methods combined, find additional important variants missed by traditional methods with prognostic and therapeutic value, and can do so with a shorter turn-around time and at a lower cost.
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PRSP | Hot Stocks08:33 EST Perspecta unit awarded prime contract from DoD worth up to $6.2M - Perspecta announced that its innovative applied research arm, Perspecta Labs, was awarded a prime contract to develop a spectrum access manager for the Department of Defense under the National Spectrum Consortium's Spectrum Base Agreement. The contract, which represents new work for the company, has a value of $6.2M and a three-year period of performance.
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NVEE | Hot Stocks08:33 EST NV5 Global awarded $15M in infrastructure improvement contracts - NV5 Global announced that it has been awarded approximately $15 million in civil program management and design contracts by California cities and counties to support transportation and water infrastructure improvements and municipal capital improvement programs.
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INMB | Hot Stocks08:32 EST INmune Bio to host KOL webinar on Phase 1b trial of XPro1595 - INmune Bio announced that the company will host a Key Opinion Leader webinar on Thursday, January 21, from 8:00 AM - 9:00 AM Eastern Time. The webinar will present new biomarker data from the company's Phase 1b trial of its lead clinical candidate, XPro1595, in patients with Alzheimer's disease and biomarkers of inflammation. The primary goal of this 12 week trial is to demonstrate that XPro1595 decreases neuroinflammation. The Company will present expanded biomarker results in patients treated with XPro1595 for at least 12 weeks.
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HEAR | Hot Stocks08:31 EST Turtle Beach acquires Neat Microphones, terms not disclosed - Turtle Beach Cannounced the acquisition of Neat Microphones. Neat creates, manufactures, and sells high-quality digital USB and analog microphones that embrace cutting-edge technology and design. The acquisition also enables Turtle Beach's entry into the $2.3B global microphone market, which is experiencing rapid growth in the digital/USB accessories segment where Neat's product innovation is focused. this acquisition, Turtle Beach adds nearly 40 Neat patents and nearly 70 Neat trademark registrations to its overall portfolio.
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AGFAF | Hot Stocks08:31 EST Agraflora Organics expects to enter edibles market in Q1 - AgraFlora Organics International is pleased to provide an update on the Company's entrance to the edibles market with the completion of the first phase of R&D trials at its Health Canada licensed 51,000-Square-foot fully-automated edibles manufacturing facility in Winnipeg, Manitoba. Prior to receiving a standard processing license from Health Canada, AGRA commenced cultivating long-term production relationships through Research and Development trials utilizing the Company's Health Canada R&D license. The development phase of the R&D trials is now complete and the company has created efficient processes for desired formulations and product varieties and expects to enter the edibles market in Q1 of 2021.
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GLNG... | Hot Stocks08:30 EST Golar LNG, Stonepeak to sell 100% of Hygo Energy Transtion to New Fortress - Golar LNG Limited (GLNG) announced that it and Stonepeak Infrastructure Fund II Cayman Ltd., a fund managed by Stonepeak Infrastructure Partners have entered into a definitive agreement and plan of merger to sell 100% of Hygo Energy Transition to New Fortress Energy (NFE). Hygo, a gas to power and downstream LNG distribution company, is owned 50% by each of GLNG and by funds and other entities managed by Stonepeak. Under the terms of the merger agreement, NFE will acquire all of the outstanding shares of Hygo for 31.4 million shares of NFE Class A common stock and $580 million in cash. The transaction values Hygo at an enterprise value of $3.1 billion and an equity value of $2.18 billion. Pursuant to the transaction, GLNG will receive 18.6 million shares of NFE Class A common stock and $50 million in cash, and Stonepeak will receive 12.7 million shares of NFE Class A common stock and $530 million in cash, which includes a cash settlement of its preferred equity tranche of $180 million. As part of the transaction, GLNG and Stonepeak have entered into customary lock-up provisions in relation to the stock consideration they will receive. Completion of the transaction is subject to the receipt of certain approvals and third-party consents and the satisfaction of other customary closing conditions, and is expected to occur in the first half of 2021. In addition, NFE has today also announced that it will acquire 100% of the common units and general partner units of Golar LNG Partners (GMLP) at a price of $3.55 per unit. GLNG holds 30.8% of the issued and outstanding common units in GMLP. In connection with the acquisition, GMLP's incentive distribution rights will be cancelled. GMLP's 8.75% Series A Cumulative Redeemable Preferred Units will remain outstanding. The transaction is valued at a $1.9 billion enterprise value and $251 million equity value. GMLP's Board of Directors, acting upon the recommendation of the independent committee of GMLP, unanimously approved the proposed transaction with NFE. The closing of the transaction is subject to the approval by the holders of a majority of GMLP's outstanding common units, the receipt of certain regulatory approvals and third party consents and other customary closing conditions, and is expected to occur in the first half of 2021. GLNG has entered into a support agreement with NFE committing to vote its approximately 30.8% interest in GMLP's common units in favor of the transaction.
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RNGTF | Hot Stocks08:28 EST Osisko Development announces drilling results from Cariboo drill program - Osisko Development is pleased to announce drilling results from the category conversion drill program campaign at the Cariboo Gold Project in central British Columbia. At Valley Zone, 24,000 meters were drilled in 74 holes in 2020. This news release discusses the assay results from holes CM-20-037 to CM-20-063. Highlights include 9.33 g/t Au over 12.10 meters including 62.9 g/t Au over 0.60 meters in hole CM-20-046. This Zone has not been drill tested since 2017, and significant potential exists to add both inferred and indicated resource to the deposit. The Company has commenced drilling on the 2021 drill program. A total of ten drill rigs will be active on the property by January 15th. Valley Zone Drilling Highlights: CM-20-041: 9.97 g/t Au over 4.75 meters; CM-20-041: 64.8 g/t Au over 0.70 meters; CM-20-041: 9.41 g/t Au over 3.85 meters; CM-20-045: 38.5 g/t Au over 1.5 meters; CM-20-045: 4.68 g/t Au over 7.35 meters; CM-20-046: 16.57 g/t Au over 2.80 meters including 62.2 g/t Au over 0.50 meters; CM-20-046: 9.33 g/t Au over 12.1 meters including 62.9 g/t Au over 0.60 meters; CM-20-047: 7.44 g/t Au over 7.40 meters; CM-20-048: 31.34 g/t Au over 1.30 meters including 52.40 g/t Au over 0.70 meters; CM-20-049: 5.98 g/t Au over 8.40 meters; CM-20-050: 8.93 g/t Au over 4.65 meters; CM-20-051: 167 g/t Au over 0.50 meters; CM-20-051: 4.95 g/t Au over 16.3 meters including 41.8 g/t Au over 0.70 meters; CM-20-052: 30.68 g/t Au over 2.05 meters; CM-20-053: 17.52 g/t Au over 2.15 meters; CM-20-056: 43.9 g/t Au over 1.10 meters; CM-20-057: 7.76 g/t Au over 15.60 meters; CM-20-059: 5.50 g/t Au over 9.50 meters including 60.9 g/t Au over 0.80 meters.
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MKTX UBS | Hot Stocks08:25 EST MarketAxess appoints Raj Paranandi as COO, EMEA & APAC - MarketAxess Holdings (MKTX) announced the appointment of Raj Paranandi as COO, EMEA & APAC. The appointment is effective March 1st, 2021. Based in London, Mr. Paranandi will have day-to-day operational oversight for EMEA & APAC, including technology and product development, client and account services, data operations, regulatory operations and controls, settlements and middle-office functions. He will play a lead role in setting the long-term goals for the international business and lead new strategic change management initiatives. He will report to Christophe Roupie and work closely with Chris Concannon, President and COO at MarketAxess. Mr. Paranandi joins MarketAxess from UBS (UBS), where he was most recently Global Co-Head of Digital Transformation for UBS Global Markets & Global Head of Change for UBS Investment Bank.
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JNCE | Hot Stocks08:23 EST Jounce Therapeutics initiates patient enrollment in Phase 1 INNATE study - Jounce Therapeutics announced the initiation of patient enrollment in the INNATE Phase 1 clinical study of its lead macrophage program JTX-8064 as a monotherapy and in combination with either JTX-4014, its internal PD-1 inhibitor, or pembrolizumab in patients with advanced solid tumors. JTX-8064, the first tumor-associated macrophage candidate developed from Jounce's Translational Science Platform, is a humanized IgG4 monoclonal antibody designed to specifically bind to the macrophage receptor Leukocyte Immunoglobulin Like Receptor B2, inhibiting LILRB2 binding with its ligands and reprogramming immune-suppressive macrophages to enhance anti-tumor immunity. The Phase 1 INNATE study will consist of 4 parts: JTX-8064 monotherapy dose escalation in solid tumors; JTX-8064 dose escalation in combination with Jounce's PD-1 inhibitor, JTX-4014, and also with pembrolizumab in solid tumors; JTX-8064 monotherapy in indication-specific expansion cohorts; JTX-8064 in combination with JTX-4014 or pembrolizumab in indication-specific expansion cohorts.
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PTQQF | Hot Stocks08:19 EST Protech Home Medical submits application to list on Nasdaq - Protech Home Medical is pleased to announced that it has applied to list its common shares on the NASDAQ Capital Market. In advance of a potential listing on the NASDAQ, Protech will file a Form 40-F Registration Statement with the United States Securities and Exchange Commission. The listing of the Company's common shares on the NASDAQ remains subject to the approval of the NASDAQ and the satisfaction of all applicable listing and regulatory requirements. While the Company intends to satisfy all of the applicable listing criteria, no assurance can be given that its application will be approved. During the NASDAQ review process, and in the event of listing on NASDAQ, the Company's common shares will continue to trade in Canada on the TSX Venture Exchange under its symbol "PTQ".
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SEAC | Hot Stocks08:14 EST SeaChange appoint Robert Pons as executive chairman, initiates CEO search - SeaChange International has appointed Chairman Roberts Pons as Executive Chairman, effective January 8, 2021. Pons succeeds Yossi Aloni, who resigned as CEO, President and as a director of the Company to pursue other interests. Pons joined SeaChange's board in February 2019 and was appointed Chairman in December 2019. Pons has assumed operating responsibilities and will continue to do so until a new CEO has been appointed. SeaChange's board has initiated a search process for a new CEO to lead and execute the company's long-term plan to drive growth at scale.
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WBA... | Hot Stocks08:14 EST Walgreens expands financial services in pact with Synchrony, Mastercard - Walgreens (WBA) is expanding its financial services offering in partnership with Synchrony (SYF) and Mastercard (MA), as part of its ongoing commitment to offer differentiated healthcare services and benefits to customers. In the coming months, Walgreens will launch credit cards, issued by Synchrony, as well as a prepaid debit card, both of which will be powered by the Mastercard network. The credit cards will closely connect with Walgreens new customer loyalty program, myWalgreens, which launched in November 2020, and cardholders will be able to receive myWalgreens cash rewards and other offers. Additionally, the flagship, co-branded credit card will offer a wider range of benefits provided through Synchrony and Mastercard when used at other retailers and service providers. The new cards will be the first in a range of new financial products and services planned by Walgreens, to continue its health and well-being focus and to enhance its loyalty program and customer personalization. Walgreens plans to explore a number of Mastercard solutions across the payments technology ecosystem, including services such as insight and analytics, customer engagement and loyalty, cybersecurity, and point-of-sale financing, including installments.
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BTTR | Hot Stocks08:13 EST Better Choice Company appoints Donald Young as EVP, sales - Better Choice Company announced the appointment of Donald Young as the Company's new Executive Vice President of Sales, effective January 1, 2021. Donald Young joins The Better Choice Company with more than 29 years of experience leading the sales organizations of several prominent pet specialty pet food brands including The Nutro Company and Merrick Pet Care.
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HOTH | Hot Stocks08:11 EST Hoth Therapeutics granted Pre-IND meeting for HT-001 by FDA - Hoth Therapeutics announced the Pre-IND meeting requested on 22 December 2020 for HT-001 with the U.S. FDA Division of Dermatology and Dental Products has been granted to receive written responses only from FDA that are targeted for delivery on February 22, 2021. The Pre-IND meeting topics include the acceptability of the overall proposed drug development program for HT-001 including requirements for nonclinical, clinical pharmacology, clinical, chemistry, and manufacturing controls. The proposed clinical trial designs for the first clinical studies in the HT-001 program are also included in the Pre-IND meeting topics to receive FDA feedback.
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KTRA | Hot Stocks08:09 EST Kintara Therapeutics recruits for VAL-083's study arm in GBM AGILE trial - Kintara Therapeutics announced that patient recruitment has commenced in the Global Coalition for Adaptive Research registrational Phase 2/3 clinical trial for glioblastoma. The trial, titled GBM AGILE, is a revolutionary, patient-centered, adaptive platform trial for registration evaluating multiple therapies for patients with newly-diagnosed and recurrent GBM.
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NFE | Hot Stocks08:08 EST New Fortress Energy to buy Hygo ,Golar LNG Partners combined in $5B deal - New Fortress Energy (NFE) announced that it has entered into definitive agreements to acquire Hygo Energy Transition a 50-50 joint venture between Golar LNG Limited (GLNG) and Stonepeak Infrastructure Fund II Cayman. "With a strong presence in Brazil and a world-class LNG shipping business, Hygo and GMLP are excellent additions to our efforts to accelerate the world's energy transition," said Wes Edens, Chairman and CEO of NFE. "The addition of Hygo will quickly expand our footprint in South America with three gas-to-power projects in Brazil's large and fast-growing market. With GMLP, we gain LNG ships and world-class operators that are an ideal fit to support our existing terminals and robust pipeline." "We are impressed with what Wes Edens and the NFE team have created and their commitment to changing the energy industry," said Golar LNG Chairman Tor Olav Troim. "They share our vision to provide cheaper and cleaner energy to a growing population. The consolidation of two of the entrepreneurial LNG downstream players gives the company improved access to capital and creates a unique world-leading energy transition company which Golar shareholders will benefit from being a part of going forward." With the acquisition of Hygo, NFE will acquire an operating floating storage and regasification unit terminal and a 50% interest in a 1500MW power plant in Sergipe, Brazil as well as two other FSRU terminals with 1200MW of power in advanced stages in Brazil. Hygo's fleet consists of a newbuild FSRU and two operating LNG carriers. NFE will also acquire a leading owner of FSRUs and LNG carriers as well as a pioneer in floating liquefaction technologies with the GMLP transaction. The addition of GMLP's fleet of six FSRUs, four LNG carriers and a 50% interest in Trains 1 and 2 of the Hilli, a floating liquefaction vessel, is expected to support both NFE's , NFE will acquire all of the outstanding shares of Hygo for 31.4M shares of NFE Class A common stock and $580M in cash. The transaction is valued at a $3.1B enterprise value and a $2.18B equity value. Pursuant to the transaction, GLNG will receive 18.6 million shares of NFE Class A common stock and $50 million in cash and Stonepeak will receive 12.7 million shares of NFE Class A common stock and $530 million in cash. Hygo's Board of Directors, together with GLNG and Stonepeak, the shareholders of Hygo, have unanimously approved the proposed transaction with NFE. The closing of the transaction is subject to the receipt of certain regulatory approvals and third party consents and other customary closing conditions, and is expected to occur in the first half of 2021. Under NFE's agreement with GMLP , NFE has agreed to acquire all of the outstanding common units of GMLP for $3.55 per common unit in cash. NFE has also agreed to acquire GMLP's general partner for equivalent consideration based on the general partner's economic interest in GMLP. The preferred units of GMLP will remain outstanding. The transaction is valued at a $1.9B enterprise value and $251 million common equity value. GMLP's Board of Directors, acting upon the recommendation of a special committee of independent directors of GMLP, unanimously approved the proposed transaction with NFE. The closing of the transaction is subject to the approval by the holders of a majority of GMLP's outstanding common units, the receipt of certain regulatory approvals and third party consents and other customary closing conditions, and is expected to occur in the first half of 2021. GLNG has entered into a support agreement with NFE committing to vote its approximately 30.8% interest in GMLP's common units in favor of the transaction.
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OR | Hot Stocks08:08 EST Osisko Gold appoints Heather Taylor to VP, investor relations - Osisko is also pleased to announce the appointment of Heather Taylor as Vice President, Investor Relations. Heather brings to the role over 15 years of capital markets experience in the metals and mining industry. Most recently, Ms. Taylor was Head of Business Development for Nexa Resources
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HSKA | Hot Stocks08:06 EST Heska to acquire Lacuna Diagnostics, terms not disclosed - Heska announced that the company has entered into an agreement to acquire 100% of Lacuna Diagnostics, "a pioneer and market leader in point-of-care diagnostics digital cytology technology and telemedicine services." The acquisition is expected to close in the first quarter, subject to the satisfaction or waiver of closing conditions set forth in the Agreement, including customary closing conditions.
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CNIG | Hot Stocks08:05 EST Corning Natural Gas to be acquired by Argo Infrastructure for $150M - Corning Natural Gas Holding's Board of Directors announced they have reached an agreement with an affiliate of Argo Infrastructure Partners, an independent infrastructure investment manager, in an acquisition worth approximately $150M. Argo has agreed to acquire all the shares outstanding of Corning common stock for $24.75/share. The agreement is structured as a merger and provides for a 45 day "go-shop" period and will require Corning to suspend its dividend reinvestment program. Upon the completion of the merger, Corning expects to maintain its leadership team and employees with no changes in operations and customer service. Corning and Argo expect to complete the transaction in the second half of 2021, but there can be no guarantee that the merger will be completed when expected. The transaction is subject to, among other customary closing conditions, the approvals of the New York Public Service Commission and the Pennsylvania Public Utility Commission, as well as Corning's shareholders. Janney Montgomery Scott is serving as exclusive financial advisor to Corning and provided a fairness opinion to the company's board of directors.
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GRCL | Hot Stocks08:05 EST Gracell granted approval for Phase 1/2 clinical trial for GC007g by China's NMPA - Gracell Biotechnologies has been granted approval for a pivotal seamless Phase 1/2 clinical trial for GC007g, an allogeneic donor-derived anti-CD19 chimeric antigen receptor-T cell therapy, for the treatment of B-cell acute lymphoblastic leukemia, by China's National Medical Products Administration on December 24, 2020. The seamless Phase 1/2 pivotal clinical trial of GC007g will enable Gracell to potentially substantially accelerate the clinical development of GC007g in China.
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SJR | Hot Stocks08:04 EST Shaw Communications sees FY21 adjusted EBITDA growth over FY20 - The company said, "The Company confirms that it remains on track to meet its fiscal 2021 guidance of adjusted EBITDA growth over fiscal 2020, consolidated capital investments of approximately $1.0 billion and free cash flow of approximately $800 million. The severity and duration of impacts from the COVID-19 pandemic remain uncertain and management continues to focus on the safety of our people, most of whom continue to work from home, connectivity of our customer base, compliance with guidelines and requirements issued by various health authorities and government organizations, and continuity of other critical business operations. During the first quarter of fiscal 2021, the Company experienced a continued reduction in Wireline subscriber activity, an increase in wireline network usage as well as extended peak hours, reduced Wireless equipment sales, increased demand for Wireless voice services, a decrease in Wireless roaming and overage revenue, and an increase in the suspension, cancellation, or reduction of Business customer accounts, impacting Business revenue. While the financial impacts from COVID-19 in the first quarter of fiscal 2021 were not material, the situation is still uncertain in terms of its magnitude, outcome, duration, resurgence and/or subsequent waves. Consumer behavior impacts remain uncertain and could still change materially, including the potential downward migration of services, acceleration of cord-cutting and reduced ability to pay their bills, all due to the challenging economic situation. Shaw Business primarily serves the small and medium sized market, who are also particularly vulnerable to the economic impacts of challenges in the energy sector and COVID-19, including mandated closures, capacity restrictions, self-quarantines or further social distancing restrictions. The Company believes its business and facilities-based networks provide critical and essential services to Canadians which remained resilient throughout fiscal 2020 and will continue to be resilient in this dynamic and uncertain environment. Management continues to actively monitor the impacts to the business and make the appropriate adjustments to operating and capital expenditures to reflect the evolving environment. Considering the ongoing presence of COVID-19, the speed at which it develops and/or changes, and the continued uncertainty of the magnitude, outcome, duration, resurgence and/or subsequent waves of the pandemic or the potential efficacy and time frame for the availability of any COVID-19 vaccines, compounded by the continued uncertainty in the energy sector, the current estimates of our operational and financial results which underlie our outlook for fiscal 2021 are subject to a significantly higher degree of uncertainty. Any estimate of the length and severity of these developments is therefore subject to uncertainty, as are our estimates of the extent to which the COVID-19 pandemic may, directly or indirectly, materially and adversely affect our operations, financial results, and condition in future periods."
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QCOM | Hot Stocks08:03 EST Qualcomm to acquire NUVIA for approximately $1.4B - Qualcomm announced that its subsidiary, Qualcomm Technologies, has entered into a definitive agreement to acquire NUVIA for approximately $1.4B before working capital and other adjustments. The transaction is subject to customary closing conditions, including regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. NUVIA comprises a proven world-class CPU and technology design team, with industry-leading expertise in high performance processors, Systems on a Chip and power management for compute-intensive devices and applications. As part of the transaction, NUVIA founders Gerard Williams III, Manu Gulati and John Bruno, and their employees will be joining Qualcomm.
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QCOM | Hot Stocks08:01 EST Qualcomm to acquire NUVIA for approximately $1.4B
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CRDNF | Hot Stocks07:48 EST Cardinal Resources directors accept Shandong Gold offer - Cardinal Resources advised that all the Directors of Cardinal have now accepted the Shandong Gold Mining offer. The Cardinal Board continues to recommend that Shareholders ACCEPT the Shandong Gold Offer.
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J | Hot Stocks07:47 EST Jacobs to serve as designer of record for West Lake Commuter Rail Corridor - Jacobs will serve as the designer of record for the F.H. Paschen and Ragnar Benson Joint Venture responsible for the eight-mile West Lake Corridor extension of the South Shore commuter rail line between Hammond and Dyer, Indiana. Expanding the South Shore Line will increase access for the growing area of Lake County, Indiana to connect more easily to Chicago. Delivered as a design-build project, the owner, The Northern Indiana Commuter Transportation District, estimates the cost of the project to be $933M and construction to finish in 2024. The West-Lake Corridor project will provide Lake County residents with faster and more reliable access to employment and entertainment in Chicago. Along with approximately eight new miles of track, the new corridor will include four new stations with parking lots, park-and-ride areas, and ADA parking and station access. The expected travel time from the new Munster/Dyer Main Street station to Chicago's Millennium Station is 47 minutes with 12 trips to/from during weekday peak.
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INTZ | Hot Stocks07:47 EST Intrusion completes beta testing of Shield cybersecurity solution - The company said, "With recent cyberwarfare attacks being carried out against the United States, the general availability of the new cybersecurity solution from INTRUSION Shield, comes at a time when it's never been more important to expertly protect U.S. organizations - public and private, large to small. Shield is the first solution for the enterprise that uses artificial intelligence to not only identify malicious activity within a network but to kill the connection, thus stopping those threats in their tracks, protecting companies from debilitating cybercrime. Beta testing of INTRUSION Shield confirmed the solution's efficacy by stopping a total of 77,539,801 cyberthreats from 805,110 uniquely malicious entities attempting to breach 13 companies that participated in the 90-day beta program. Shield was able to continuously protect these companies from ransomware, denial of service attacks, malware, data theft, phishing and more. In fact, analysis by INTRUSION also concluded that Shield would have defended against the Sunburst malware that was at the heart of the recent cyberattacks involving SolarWinds and FireEye, which impacted many government agencies and 18,000 SolarWinds customers."
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ASDRF | Hot Stocks07:45 EST Ascendant announces results from drill program at Lagoa Salgada Project - Ascendant Resources announced results from the first three drill holes from its on-going drill program on the South Zone at its Lagoa Salgada Project on the Iberian Pyrite Belt in Portugal. The Company remains focused on expanding the known mineralization of the copper-rich stockwork mineralization associated with the South Zone. The Company has already published a robust PEA based upon an existing 10MT M&I Resource Estimate in the North Zone. Highlights Include: LS_ST_22b: 25.2m true width grading 2.23% CuEq including 10.50m true width grading 3.61% CuEq; LS_ST_23: 8.4m true width grading 2.24% CuEq; LS_ST_21b: 7.7m true width grading 2.13% CuEq and 4.20m true width grading 3.59% CuEq. The intersection of numerous high-grade intervals in the first three drill holes of this 7-hole program in stockwork mineralization has been highly encouraging. Firstly, the discovery of high-grade copper within intervals is a positive indication. In hole LS_ST_21, the drilling encountered mineralization earlier than planned and intersected a gossan which is indicative of nearby massive sulphide mineralization. LS_ST_23 drill hole is a 50m SE step-out from the 2018 southern most historical drill hole LS_ST_11 which at the time was the best hole in the South Zone to date. LS_ST_23 confirms the South extension of the known Stockwork South Zone and intercepted multiple mineralized zones including a high-grade copper interval of 6.00m @ 3.74% CuEq, from 163.00m. Also, LS_ST_23 intersected what can be considered a copper Bonanza interval of 1.00m @ 14.21% CuEq. Drill hole LS_ST_22 is a 50m ESE step-out also from LS_ST_11 which means that further to the East, the South Zone continues to expand with high-grade intervals. The intense gossanization intercepted immediately after the Tertiary cover, and not yet at the Fissural mineralization, indicates that Massive Sulphide mineralization should be nearby, as the Fissural ore does not produce such intense gossan "caps" or leaching layers as seen from 161.90-164.80m. Follow-up drilling is planned for Q1 2021 to better define this high-grade copper zonation on the Lagoa Salgada South Zone Resource and in particular the LS_ST_23 drill hole defined by 5 main corridors of high-grade, strong stockwork mineralization. The exploration program in the South Zone is intended to expand and upgrade the stockwork resources. This program builds upon the resources already outlined in earlier Technical Reports in 2019. The results highlighted in the table below will help Ascendant to expand the wireframes even further. Commodity prices have improved considerably since previous analysis was performed. An expansion of the South Zone Mineral Resource should be accretive to the overall size of the Lagoa Salgada resource estimate, warranting further analysis of the scale and scope of potential future mining operations.
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RWBYF | Hot Stocks07:43 EST Red White & Bloom completes cash payments for Platinum Vape acquisition - Red White & Bloom Brands announces that it has made its final cash payment of $13M to the sellers in relation to its purchase last year of Platinum Vape. PV continues to see growth in sales of PV branded products. In the first full week of 2021, PV branded products had a record $2.8M in sales. The Company continues to work towards its launch of PV in Arizona and is looking at other states for potential expansion. In addition, the Company reports today that it has issued a $11,550,000 principal amount debenture to an arm's-length investor by way of a private placement netting the company approximately C$11M after fees and expenses. The Debenture is not convertible, unsecured and bears interest at the rate of 1% per month. The principal amount of the Debenture and accrued interest is payable on the date that is the earlier of: the date of completion by the Company of a minimum financing of $20,000,000 and120 days from the date of issuance of the Debenture, all as more particularly as set forth in the debenture certificate. The Company continues to work on its previously announced $60m financing, see the December 17, 2020 press release, additional details shall be provided on progress in due course. The Company intends to use the proceeds from the Private Placement for working capital purposes, including making the final payment under the PV acquisition agreement. All securities issued in connection with the Private Placement will be subject to a four-month hold period under securities laws.
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CYTK | Hot Stocks07:37 EST Cytokinetics announces dosing of first patient in Cohort 2 of Redwood-HCM - Cytokinetics announced that the first patient has been dosed in Cohort 2 of REDWOOD-HCM, an ongoing Phase 2 clinical trial of CK-3773274, a next-generation cardiac myosin inhibitor in development for the potential treatment of hypertrophic cardiomyopathy. This event triggers a $2.5M milestone payment payable from Ji Xing Pharmaceuticals Limited to Cytokinetics under the License and Collaboration Agreement between the companies. REDWOOD-HCM is a multi-center, randomized, placebo-controlled, double-blind, dose finding clinical trial of CK-274 in patients with symptomatic obstructive HCM. The primary objective of the trial is to determine the safety and tolerability of CK-274. The secondary objectives are to describe the concentration-response relationship of CK-274 on the resting and post-Valsalva left ventricular outflow tract gradient as measured by echocardiography during 10 weeks of treatment, to describe the dose response relationship of CK-274, and to evaluate the plasma concentrations of CK-274 in patients with oHCM. Enrollment in Cohort 2 of REDWOOD-HCM is expected to complete in Q1 2021 and full results from REDWOOD-HCM, across both Cohort 1 and Cohort 2, are expected in mid-2021.
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SLRX | Hot Stocks07:36 EST Salarius receives second installment of $1.7M in payments from CPRIT - Salarius Pharmaceuticals announced the receipt of a $0.9M payment as the second installment of $1.7M in scheduled payments to Salarius under its contract with the Cancer Prevention and Research Institute of Texas. The payments, which include the previously announced receipt of an $0.8M disbursement announced on December 10, 2020, are part of an original non-dilutive grant awarded in 2016 to support Salarius' operations and development of its lead drug candidate, seclidemstat, for the treatment of Ewing sarcoma and other cancers. Seclidemstat is a reversible LSD1 inhibitor being studied in two clinical trials - one trial in relapsed/refractory Ewing sarcoma, a rare and deadly pediatric bone and soft tissue cancer, and a second trial in advanced solid tumors. Up to $4.8M in funding remains available to Salarius under the original 2016 CPRIT Award. With the full $1.7M disbursement of CPRIT funds, the $3.6M gross proceeds from the warrant inducement transaction announced in December 2020 and the $6.2M gross proceeds from a public offering completed in August 2020, Salarius believes it is well-capitalized to advance the seclidemstat clinical programs through several near-term, value-creating milestones. These milestones include establishing maximum tolerated dose in its Ewing sarcoma trial, releasing early safety and clinical data from both clinical trials, advancing into the dose-expansion phase of the Ewing sarcoma trial in early 2021, as well as expanding the same trial to include additional select sarcomas that share a similar biology to Ewing sarcoma, also known as Ewing-related sarcomas.
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CSIQ | Hot Stocks07:35 EST Canadian Solar unit completes sale of Slate project to GSRP - Canadian Solar announced that its wholly-owned subsidiary, Recurrent Energy, completed the sale of the Slate project to Goldman Sachs Renewable Power. Revenue from the transaction will be recognized in Q1 and commercial operation is anticipated in late 2021. The Slate project is a 300 MWac solar plus 140.25 MW / 561 MWh storage project located in Kings County, California, and has commenced construction. Canadian Solar's majority-owned energy storage subsidiary, System Solutions and Energy Storage, will provide the battery storage integration solution for the project. Additionally, PNC Bank is providing a tax equity commitment to the project, which demonstrates its pledge to not only manage its own operations in an environmentally sustainable manner, but also to support clients with innovative financing options as the world transitions to a low-carbon economy. The project has signed PPAs with five different off-takers, four of which are solar and energy storage, and one that is solar-only.
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PAR | Hot Stocks07:34 EST CKE Restaurants Holdings selects Par Technology's POS software - ParTech announced today CKE Restaurants Holdings, which operates Carl's Jr. and Hardee's brands, has selected PAR Brink POS software for their corporate-owned restaurants and select franchisee restaurants. "Innovative brands like Hardee's and Carl's Jr. understand that increasingly, exceptional guest experiences are being delivered digitally"
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HARP | Hot Stocks07:34 EST Harpoon Therapeutics granted Orphan Drug Designation for HPN217 - Harpoon Therapeutics announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation for HPN217 for the treatment of multiple myeloma. HPN217, a tri-specific T cell activating recombinant protein construct targets B-cell maturation antigen, a well-validated antigen expressed on malignant multiple myeloma cells. Harpoon has four drug product candidates in clinical development for the treatment of solid and hematologic malignancies based on its proprietary TriTAC platform.
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RIDE | Hot Stocks07:33 EST Lordstown accepts DoE invite to begin due diligence process toward ATVM Loan - Lordstown Motors has accepted an invitation from the United States Department of Energy to start the due diligence process toward securing an Advanced Technology Vehicles Manufacturing Loan. The DOE's invitation is not an assurance that Lordstown Motors will secure an ATVM loan. The ATVM Loan Program was authorized by the Energy Independence and Security Act of 2007 to support the manufacturing of eligible light-duty vehicles and qualifying components in the United States. Since the start of the program, the Department of Energy has closed on more than $8B in loans.
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MATN | Hot Stocks07:31 EST Mateon Therapeutics announces interim results from ARTI-19 trial - Mateon Therapeutics reported interim results from its ARTI-19 clinical trial evaluating ARTIVeda against COVID-19. ARTIVeda is Mateon's lead Ayurvedic drug against COVID-19 in India and is being developed by Mateon in partnership with Windlas Biotech Private Limited. ARTI-19 India is being conducted by Windlas as part of Mateon's global effort to deploy ARTIVeda across India, Africa, and Latin America. These interim results are based on 60 randomized patients across 3 sites in India: No adverse events were reported that required discontinuation of treatment; A majority of the 60 patients who received ARTIVeda plus Standard of Care recovered faster than those who received SOC alone, with SOC defined as treatment with Remdesivir, Ivermectin, Dexamethasone, Heparin, as well as Paracetamol, B complex, Vitamin-C, and Zinc. The median time to asymptomatic WHO scale of 1 was 5 days for ARTIVeda plus SOC as compared to 14 days for SOC alone. The differences were statistically significant meaning unlikely to happen by chance. The trend was more pronounced with higher initial disease status. Log rank statistics: WHO-scale 2,3,4: p= 0.0369 /RR = 1.476, WHO-scale 3,4: p= 0.026/ RR = 1.581, WHO-scale 4: p= 0.0043/ RR = 2.038. RR = rate ratio for recovery. The ARTI-19 India trial is slated to complete enrollment of 120 randomized patients by end of January, 2021, with final data available 6-8 weeks thereafter. Upon completion of the trial, it is Mateon's objective to file for Emergency Use Authorization with regulatory authorities around the world, including India, the United States, and the United Kingdom; discussions regarding EUA with several of these authorities have commenced.
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ELEEF RYAM | Hot Stocks07:29 EST Element Fleet appoints Frank Ruperto as CFO - Element Fleet Management Corp. (ELEEF) announced that it has appointed Frank Ruperto as CFO. Mr. Ruperto will join Element as EVP Finance and assume the role of CFO effective immediately upon Vito Culmone's departure in accordance with the Company's previously announced CFO succession plan. Ruperto served as CFO and SVP of Finance and Strategy at Rayonier Advanced Materials Inc. (RYAM), a producer of cellulose products, from 2014 to 2019. Ruperto will succeed Vito Culmone, who as previously announced, will depart in early 2021 after playing a pivotal leadership role in Element's transformation. Mr. Culmone will remain with Element through the finalization of the Company's 2020 financial results and a smooth transition. Ruperto will be based in Element's Toronto head office.
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WIMI | Hot Stocks07:28 EST WiMi Hologram Cloud jumps 29% to $8.10 after obtaining new patent
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TTWO | Hot Stocks07:28 EST Take-Two announces lapse of offer to acquire Codemasters Group - Take-Two Interactive Software announced that following the December 14 announcement by the Board of Codemasters that it had withdrawn its recommendation of the Company's offer to acquire Codemasters Group Holdings , Take-Two has, with the consent of the Panel, lapsed its offer. As noted in the Scheme Document dated November 30. Take-Two was entitled to lapse the offer if the Court Meeting and General Meeting were not held on or before the 22nd day after the expected date of such Meetings set out in the Scheme Document. The expected date of such Codemasters' Shareholder Meetings set out in the Scheme Document was December 21, and the 22nd day after such date was January 12. Codemasters' Shareholder Meetings were not held on or before January 12, 2021 and Take-Two has not extended this date. As a result, the Co-operation Agreement has automatically terminated in accordance with its terms. Take-Two remains a highly disciplined organization and, with its strong balance sheet, will continue to pursue selectively organic and inorganic opportunities that are designed to enhance the Company's long-term growth and deliver results to its shareholders. Capitalized terms used and not defined in this announcement have the meanings given to them in the Scheme Document.
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LIZI | Hot Stocks07:26 EST Lizhi launches LIZHI PODCAST mini-program on WeChat - LIZHI announced it has launched LIZHI PODCAST mini-program on WeChat to engage broader user base with high-quality podcast contents and will launch a series of new exclusive podcast on LIZHI PODCAST in the near future. Shortly after the launch of LIZHI PODCAST, a series of new exclusive podcasts are also expected to be launched on different terminals of LIZHI PODCAST including mobile app, WeChat mini-program, and LIZHI's automobile-based audio product across broader curated content categories including science, psychology, aesthetics, sports, which we believe will meet the demands of a broader user base.
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REAL | Hot Stocks07:25 EST RealReal issues Luxury Consignment Report - The RealReal released its 2021 Luxury Consignment Report. The report charts the top 2020 trends and shifts impacting luxury resale value, which The RealReal determines based on advanced technology, its real-time pricing algorithm that factors up to 50 attributes per item across ~16 million items sold, and human expertise. Despite the unpredictable fluctuations of 2020, more people adopted consignment than ever before - especially Gen Z and Millennials, who represented 35% of new consignors. Consignors helped make fashion more sustainable by keeping pieces in circulation, with the average consignor saving the equivalent of 4,333 glasses of water.
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SDC | Hot Stocks07:25 EST SmileDirectClub introduces Aligners with Comfort Sense - SmileDirectClub introduced SmileDirectClub Aligners with Comfort Sense technology, designed to make clear aligner treatment more comfortable and tooth movement more predictable. Comfort Sense technology features the Company's patented laser technology that precision-cuts aligners for a smoother fit, which, combined with the variable thicknesses of the aligners and doctor-prescribed and monitored treatment plans that start with lighter movements to ease customers into treatment all result in a more comfortable fit and treatment for customers from start to finish. Comfort Sense technology will be used in all SmileDirectClub Aligners and Nighttime Aligners. All SmileDirectClub Aligners are made of BPA-free materials and have a matte finish to match the appearance of natural teeth.
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TTWO | Hot Stocks07:28 EST Take-Two announces lapse of offer to acquire Codemasters Group - Take-Two Interactive Software announced that following the December 14 announcement by the Board of Codemasters that it had withdrawn its recommendation of the Company's offer to acquire Codemasters Group Holdings , Take-Two has, with the consent of the Panel, lapsed its offer. As noted in the Scheme Document dated November 30. Take-Two was entitled to lapse the offer if the Court Meeting and General Meeting were not held on or before the 22nd day after the expected date of such Meetings set out in the Scheme Document. The expected date of such Codemasters' Shareholder Meetings set out in the Scheme Document was December 21, and the 22nd day after such date was January 12. Codemasters' Shareholder Meetings were not held on or before January 12, 2021 and Take-Two has not extended this date. As a result, the Co-operation Agreement has automatically terminated in accordance with its terms. Take-Two remains a highly disciplined organization and, with its strong balance sheet, will continue to pursue selectively organic and inorganic opportunities that are designed to enhance the Company's long-term growth and deliver results to its shareholders. Capitalized terms used and not defined in this announcement have the meanings given to them in the Scheme Document.
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CDXS TATYY | Hot Stocks07:24 EST Codexis, Tate & Lyle expand relationship to enhance stevia, allulose production - Codexis (CDXS) and Tate & Lyle (TATYY) have extended and deepened their relationship to enhance the production of two of Tate & Lyle's newest sweeteners: DOLCIA PRIMA Allulose and TASTEVA M Stevia Sweetener. Codexis' latest novel enzyme products, generated in close collaboration with Tate & Lyle's experts, will enable additional production efficiencies and further enhance Tate & Lyle's ability to accelerate sugar and calorie reduction with best tasting, cost effective sweeteners. The new enzyme variants, which replace existing Codexis enzymes, are expected to allow Tate & Lyle to convert raw material into more finished stevia and allulose, reducing the already highly competitive cost of goods on the two products.
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CSTL | Hot Stocks07:24 EST Castle Biosciences delivered 5,157 gene expression profile test reports in Q4 - Castle Biosciences announced certain unaudited preliminary performance results for the fourth quarter and full-year 2020. "At Castle, we are committed to providing innovative, clinically actionable dermatologic tests to improve patient outcomes," said Derek Maetzold, president and chief executive officer of Castle Biosciences. "In 2020, despite the challenges presented to us all by the global pandemic, our team remained focused on this commitment and performed exceptionally. "We delivered year-over-year volume growth in 2020 in Decision -Melanoma reports, our current lead revenue driver, despite a significant reduction in melanoma diagnoses that we believe was due to COVID-19. We also expanded our skin cancer suite of products, adding two new proprietary gene expression profile tests and increasing the estimated U.S. total addressable market (TAM) of our commercially available tests to $2B. We expanded our body of evidence in 2020, with 11 supportive peer-reviewed articles published for our four proprietary gene expression profile tests during the year. Evidence development remains a key component of our growth strategy, supporting adoption of our tests by clinicians and reimbursement by commercial payers. "Even in the face of COVID-19, we more than doubled our employee headcount since the beginning of 2020 through December. Additionally, we completed two equity financings, further strengthening our balance sheet, as we look to accelerate future growth through expanded support for our currently marketed tests, including further commercial team expansion in the first half of 2021, and through our pipeline development." Fourth Quarter Ended December 31, 2020, Highlights Delivered 5,157 total gene expression profile test reports for all four marketed tests combined in the fourth quarter of 2020: DecisionDx-Melanoma test reports delivered in the quarter were 4,246. DecisionDx-SCC test reports delivered in the quarter were 428. DecisionDx DiffDx -Melanoma test orders received and reports delivered from Nov. 2 through Dec. 31, 2020, were 92 and 73, respectively. DecisionDx(R)-UM test reports delivered in the quarter were 410. Medicare Administrative Contractor, Palmetto GBA MolDx, issued a final expanded local coverage determination and an accompanying billing and coding article for the Company's DecisionDx-Melanoma test. Noridian, the MAC that oversees Castle's laboratory in Arizona, issued an identical LCD and billing and coding article, which became effective Dec. 6, 2020. Since the effective date of Dec. 6, 2020, more than 90% of Medicare beneficiaries whose clinicians order DecisionDx-Melanoma as part of their melanoma management plan were covered under the expanded LCD. Additionally, final 2021 Medicare rates for both DecisionDx-Melanoma and DecisionDx-UM were published on Dec. 28, 2020, on the Centers for Medicare & Medicaid Services website. The Company launched its DecisionDx DiffDx-Melanoma test on Nov. 2, 2020. DecisionDx DiffDx-Melanoma is designed to aid dermatopathologists and dermatologists in characterizing difficult-to-diagnose melanocytic lesions. On Dec. 18, Castle completed its underwritten public offering of 4.6 million shares of its common stock at a public offering price of $58.00 per share. The gross proceeds to Castle from the offering before deducting the underwriting discounts and commissions and other offering expenses payable by Castle, were $266.8M.
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HCHC | Hot Stocks07:22 EST HC2 Holdings shares potential impact of new Congress on infrastructure spending - HC2 Holdings announced that its infrastructure subsidiary DBM Global, which includes Schuff Steel, expects that spending on critical alternative energy and infrastructure projects is likely to increase in light of the recent political elections. "Recent reporting in the Financial Times and Bloomberg News quotes market analysts who believe that Democratic control of Congress will likely result in infrastructure spending, with some projecting that such a plan could provide trillions of dollars in government infrastructure spending over the next decade," stated Wayne Barr, CEO of HC2. "In addition, we expect that the new administration's commitment to investments in alternative energy will give rise to substantial opportunities across the power sector, where DBM has extensive experience in solar, liquified natural gas and coal plant retrofitting projects as well as turn-around or service and maintenance in many large industrial facilities, including power plants, pulp and paper mills, oil refineries, petro-chemical facilities and metal mills."
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INFY | Hot Stocks07:20 EST Infosys to purchase assets, onboard employees of Carter Digital - Infosys announced a definitive agreement to purchase assets and onboard employees of Carter Digital, one of Australia's "leading and award-winning experience design agencies." This asset takeover strengthens Infosys' global design and experience offerings, demonstrates its continued commitment in bringing innovative thinking, talent and creativity to its clients, and provide effective global digital solutions. This is an asset purchase and the transaction is expected to close during the fourth quarter of fiscal 2021, subject to customary closing conditions.
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KTOS | Hot Stocks07:20 EST Kratos international customer orders 20 additional drones - Kratos Defense & Security Solutions has received an additional order from a long-term international customer for 20 high-performance jet drones and support equipment to satisfy their continuing current and future missions and operations.
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SOFO | Hot Stocks07:19 EST Sonic Foundry names Steve McKee, Duane Glader as SVPs - Sonic Foundry announced the appointment of two new senior vice presidents. These new positions support the company's efforts to create new revenue streams, open new market share, and increase customer satisfaction and report directly to CEO Joe Mozden Jr. Steve McKee is SVP Product & Technology where he leads the company's product development efforts, ensuring the Mediasite solutions brought to the current and new markets continue to meet industry demands. His most recent role was Head of Product at Gloo, a SaaS company that uses technology to accelerate the growth of the digital church and transform personal growth in churches and other social service organizations. Duane Glader is SVP Sales & Marketing, leading the company's North American sales and global marketing efforts. He comes from DeVry University where he served as Senior Director Strategic Accounts for the past four years.
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KOR | Hot Stocks07:17 EST Corvus Gold appoints Ron Largent as executive chairman - Corvus is pleased to announce that Ron Largent, the Company's Chairman of the Board has accepted the new role as Executive Chairman and will take a greater role in the development of the Company's assets.
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KOR | Hot Stocks07:17 EST Corvus Gold receives initial core hole results from Lynda Strip - Corvus Gold announces it has received initial core hole results from its new Lynnda Strip discovery east and west of the previously announced reverse circulation drill results approximately 2km's north of the Mother Lode deposit. The new results include hole ML20-167CT with 111.05m @ 0.80 g/t gold & hole ML20-169CT with an upper zone intercept of 52.64m @ 1.39 g/t gold and a lower zone intercept of 80.07m @ 0.83 g/t gold. These results continue to display consistent, oxide, high-grade vein mineralization and broad zones of heap leach grade mineralization which supports a large target potential at Lynnda Strip. In addition, Corvus has received results from its initial hole drilled into the South Merlin target about a half a kilometre to the west of the initial Lynnda Strip discovery with a 12.2m intercept of 0.61 g/t gold before the hole ended due to poor drilling conditions. This far western intercept is believed to be connected to the overall Lynnda Strip system which would make it over 800 metres wide. Given the broad width of the system and Coeur Mining Inc's recently announced results to the south, Corvus believes the greater Lynnda Strip system has strong potential (Figure 2) for further growth.
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KMDA | Hot Stocks07:15 EST Kamada enters two agreements for distribution of three biosimilar products - Kamada announced that the Company has entered into agreements with two undisclosed international pharmaceutical companies to commercialize three biosimilar product candidates in Israel. Subject to approval by the European Medicines Agency and subsequently by the Israeli Ministry of Health, the three products are expected to be launched in Israel between 2022 and 2024. The two pharmaceutical companies will maintain development, manufacturing, and supply responsibilities for these three products. "These agreements expand our pipeline of biosimilar product candidates for distribution in Israel, which already includes six products previously licensed from Alvotech, and further position Kamada as a leader in the emerging biosimilar market in Israel," said Amir London, CEO of Kamada. "The Israeli market for the referenced innovative products to which these three biosimilar products are targeted was between approximately $20-$25M in 2019, and we estimate the potential collective maximum sales generated by the distribution of these three products, achievable following regulatory approval and within several years of launch, to be in the range of $5-$7M annually. These sales will be in addition to the $20-$30M of potential maximum sales of the six Alvotech biosimilar products, which, subject to approval by the EMA and subsequently by the IMOH, are expected to be launched between 2022 and 2025. The distribution of this biosimilar portfolio is expected to further support the anticipated future revenue and profitability growth in our Distribution Products segment."
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BDSX | Hot Stocks07:14 EST Biodesix, HiberCell start pact for companion diagnostic commercialization - Biodesix announced an agreement with HiberCell, a biotechnology company developing novel therapeutics for cancer relapse and metastasis, to further the development of an enzyme-linked immunosorbent assay (ELISA) as a companion diagnostic in future registrational trials in breast cancer for Imprime PGG programs. Terms of the partnership were not disclosed. Biodesix leverages multiple technologies with its proprietary artificial intelligence platform to discover, develop and commercialize diagnostic solutions for unmet clinical needs. Through this agreement, Biodesix will continue its leadership in clinical proteomics by developing a companion diagnostic to select patients for enrollment in HiberCell's future registrational clinical trials. The ELISA test, which will be validated in Biodesix's NYS CLEP-approved and CLIA-accredited lab, will be designed to test for Anti-beta Glucan IgG Antibody (IgG ABA) expression in breast and melanoma serum samples to assess cancer patients' eligibility for Imprime PGG therapy.
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RMTI | Hot Stocks07:14 EST Rockwell Medical announces dosing of first patient in Triferic Phase 3 trial - Rockwell Medical announced that its partner in China, Wanbang Biopharmaceuticals enrolled the first patient in a pivotal Phase 3 trial for Triferic Dialysate to support a new drug application for regulatory approval in that country. The Phase 3 trial is a prospective, randomized, single-blind, parallel two-arm, placebo-controlled, multicenter, study of the efficacy and safety of Triferic administered via hemodialysate in maintaining iron delivery and hemoglobin concentration in anemic adult patients with chronic kidney disease requiring hemodialysis. The objective of the study is to confirm the efficacy and safety of Triferic administered at each hemodialysis treatment via hemodialysate in maintaining iron delivery for erythropoiesis in anemic iron-replete Chinese CKD-5HD patients.
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FLXN | Hot Stocks07:12 EST Flexion promotes Adam Muzikant to CBO - CEO Michael Clayman said, "While ensuring the successful commercialization of ZILRETTA is our highest priority, we remain committed to building a pipeline of transformative medicines to fuel our future growth, and we are pleased to announce that Adam Muzikant, Ph.D. has been promoted to Chief Business Officer. Adam was instrumental in the transactions that led to the FX201 and FX301 programs and has been a driving force in the development of our pipeline. His extensive experience and vision make him the ideal person to assume this critical new role, and I look forward to his continued contributions in the years ahead."
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SO AAPL | Hot Stocks07:12 EST Southern Company, Apple partner to launch the Propel Center - Southern Company (SO) and Apple (AAPL) joined educators and community stakeholders to announce a partnership to launch the Propel Center, a new digital learning hub, business incubator, and global innovation headquarters in Atlanta, Georgia for students of historically black colleges and universities. Both Apple and Southern Company are founding partners, with the Southern Company Foundation and Apple each contributing $25M to this effort.
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MRNS | Hot Stocks07:11 EST Marinus gets response from FDA on sufficiency of one trial for NDA filing - Marinus Pharmaceuticals announced it has received a positive response from the U.S. Food and Drug Administration, FDA that the efficacy and safety data resulting from the company's pivotal Phase 3 Marigold Study on the use of oral ganaxolone in children and young adults with CDKL5 deficiency disorder appear sufficient to support the filing of a New Drug Application, NDA Adequacy of these data to support an approval of ganaxolone for the proposed indication will be a matter of future FDA review. CDD is a rare, genetic epilepsy with refractory seizures. Marinus provided the data to the FDA in a briefing document meant to support a Type C meeting, and the FDA provided written preliminary comments in response. Based on this feedback, Marinus is targeting a pre-NDA meeting by the end of Q1 to support submission. "We are pleased with the FDA's assessment of the sufficiency of the efficacy and safety data from one Phase 3 clinical trial to support an NDA filing," said Scott Braunstein, M.D., Chief Executive Officer of Marinus. "We remain on track to submit the NDA for use of ganaxolone in CDD for FDA review by mid-2021 and look forward to continued advancement of ganaxolone as the first potential FDA approved treatment specifically indicated in patients diagnosed with CDD."
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MRNS | Hot Stocks07:11 EST Marinus gets response from FDA on sufficiency of one trial for NDA filing - Marinus Pharmaceuticals announced it has received a positive response from the U.S. Food and Drug Administration, FDA that the efficacy and safety data resulting from the company's pivotal Phase 3 Marigold Study on the use of oral ganaxolone in children and young adults with CDKL5 deficiency disorder appear sufficient to support the filing of a New Drug Application, NDA Adequacy of these data to support an approval of ganaxolone for the proposed indication will be a matter of future FDA review. CDD is a rare, genetic epilepsy with refractory seizures. Marinus provided the data to the FDA in a briefing document meant to support a Type C meeting, and the FDA provided written preliminary comments in response. Based on this feedback, Marinus is targeting a pre-NDA meeting by the end of Q1 to support submission. "We are pleased with the FDA's assessment of the sufficiency of the efficacy and safety data from one Phase 3 clinical trial to support an NDA filing," said Scott Braunstein, M.D., Chief Executive Officer of Marinus. "We remain on track to submit the NDA for use of ganaxolone in CDD for FDA review by mid-2021 and look forward to continued advancement of ganaxolone as the first potential FDA approved treatment specifically indicated in patients diagnosed with CDD."
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MRNS | Hot Stocks07:11 EST Marinus gets response from FDA on sufficiency of one trial for NDA filing - Marinus Pharmaceuticals announced it has received a positive response from the U.S. Food and Drug Administration, FDA that the efficacy and safety data resulting from the company's pivotal Phase 3 Marigold Study on the use of oral ganaxolone in children and young adults with CDKL5 deficiency disorder appear sufficient to support the filing of a New Drug Application, NDA Adequacy of these data to support an approval of ganaxolone for the proposed indication will be a matter of future FDA review. CDD is a rare, genetic epilepsy with refractory seizures. Marinus provided the data to the FDA in a briefing document meant to support a Type C meeting, and the FDA provided written preliminary comments in response. Based on this feedback, Marinus is targeting a pre-NDA meeting by the end of Q1 to support submission. "We are pleased with the FDA's assessment of the sufficiency of the efficacy and safety data from one Phase 3 clinical trial to support an NDA filing," said Scott Braunstein, M.D., Chief Executive Officer of Marinus. "We remain on track to submit the NDA for use of ganaxolone in CDD for FDA review by mid-2021 and look forward to continued advancement of ganaxolone as the first potential FDA approved treatment specifically indicated in patients diagnosed with CDD."
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EVH | Hot Stocks07:11 EST Evolent Health: Bright HealthCare to acquire True Health New Mexico - Evolent Health announced that it has entered a definitive agreement with Bright Health Management to acquire True Health New Mexico, a wholly-owned subsidiary of Evolent Health. The existing services contract between True Health New Mexico and Evolent will be maintained and as such, Evolent will continue to provide health plan administrative and clinical program support to True Health New Mexico. Once complete, current employees and leadership of True Health New Mexico will join the Bright HealthCare team and continue to lead local market operations, ensuring continuity for members, providers and distribution partners. The transaction is subject to customary closing conditions and is expected to close during the first half of 2021.
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BDSX | Hot Stocks07:08 EST Biodesix, HiberCell announce collaboration - HiberCell announced an agreement with Biodesix to further the development of an enzyme-linked immunosorbent assay as a companion diagnostic in future registrational trials in breast cancer for Imprime PGG programs. Terms of the partnership were not disclosed.
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LMPX | Hot Stocks07:07 EST LMP Automotive revises Atlantic Automotive Group acquisition agreements - LMP Automotive Holdings announced it has revised its agreements to acquire Atlantic Automotive Group to a combination of cash and LMPX common stock and to exclude certain dealerships owned by AAG in a deal valued at $330M. Acquisition agreements include revised transaction terms from the transaction previously announced on October 9, 2020; Includes Atlantic Central Storage, eight dealership locations consisting of nine import and domestic franchise brands along with several management companies that generated approximately $655M revenue and $25.1M in net income in calendar year 2020; Real estate leased with an option to purchase owned properties; LMP's 70% partnership interest purchase is comprised of $40M in LMPX common stock with a floor of $57 per share and $191 million in cash; Acquisition is inclusive of approximately $34.7M of working capital and FF&E and is expected to be immediately accretive to cash flow and earnings upon close, adding $15M in annualized net income or $1.35 per share in 2021 and 16.9 million in net income or $1.52 per share in full year 2022 based on an estimated 11.1 million shares to be outstanding after closing. We expect to close the transaction in April of this year; Adds approximately 610 employees to LMP's partnership portfolio companies, Atlantic Automotive Group's ownership and management will continue to operate the business post-closing. Upon closing and combined with our previously contracted stage 1 acquisitions which are expected to close this month, LMP's revenues are expected to exceed $1.3B, with approximately $36M in net income or $3.24 per share in 2021 on an annualized basis and $1.4B, with approximately $39M in net income or $3.51 per share in 2022 inclusive of synergies and adds over 1,100 employees in our partnership portfolio companies.
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PLTR | Hot Stocks07:07 EST Palantir awarded contract from Army worth up to $250M - Palantir announced the Army down-selected it to deliver a prototype for the first phase of the Army's Ground Station modernization in support of the Army's Tactical Intelligence Targeting Access Node program. The contract value for this phase is $8.5M, with a potential contract value of approximately $250M over all 4 phases. Palantir was awarded a Phase 1 Project Agreement through an Other Transaction Agreement with Consortium Management Group on behalf of Consortium for Command, Control and Communications in Cyberspace. During the first phase of the effort, Palantir will collaborate with the Army to design and demonstrate the ground station prototype solution for the Army's TITAN program. The Palantir solution will leverage space, high altitude, aerial, terrestrial sensors and data sources for use in intelligence and military targeting operations. It will field a "turn key" solution for the Army that integrates data from a variety of sources including commercial and classified sources from space to ground sensors. The results of the first phase of this competitive contract will be used by the Army to inform awarding of future phases and eventual production of the ground station for the TITAN enterprise.
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ATNM ALPMY | Hot Stocks07:04 EST Actinium, Astellas Pharma announce research pact focused on radiotherapies - Actinium Pharmaceuticals (ATNM) announced the research collaboration with Astellas Pharma (ALPMY) to develop novel targeted radiotherapies using its Antibody Warhead Enabling technology platform. Under this agreement, Actinium will utilize its AWE Platform technology to develop and characterize selected Astellas targeting agents labeled with the potent alpha-emitting radioisotope Actinium-225. This collaboration is a component of Astellas' internal initiative to develop theranostics as part of its Rx+ business.
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FURY | Hot Stocks07:04 EST Fury Gold Mines provides update on Eau Claire Drill Program - Fury Gold Mines Limited is pleased to provide an update on the ongoing 50,000-metre drill program at the 100% owned Eau Claire project located in the Eeyou Istchee Territory in the James Bay region, Quebec. The drill program is focused on the one-kilometre down plunge extension at Eau Claire, as well as infill drilling the inferred portions of the resource for resource conversion. A total of 3,646m in six holes has been drilled to date and results from the first set of infill drill holes and the first 600m of the step-out hole, 20EC-006, are expected in the coming weeks. 2021 Exploration Highlights: Eau Claire, Quebec: expansion program of 50,000m+ well underway; Homestake Ridge, British Columbia: approximately 20,000m planned for summer 2021 in conversion and exploration drilling; Committee Bay, Nunavut: a minimum of 10,000m planned to expand the Three Bluffs deposit and drill test several exciting new targets for summer of 2021; and Eleonore South JV, Quebec: proposed surface exploration campaign followed by drill testing between 3,000m and 5,000m at two undrilled target areas in Q4 2021. The 50,000m+ drill program at Eau Claire aims to significantly expand the current resource base and realize the potential of the Eau Claire deposit. The infill program is focused on upgrading the easternmost area of the resource at depth, while the exploration drill program will focus on testing a 1km down plunge extension of the Eau Claire deposit as well as drilling untested targets within the 7km deposit trend with the aim of identifying new discoveries. At the ESJV, the Company is proposing a summer exploration program that will concentrate on advancing large scale gold-in-till anomalies to drill stage. Proposed exploration for the ESJV includes reprocessing and interpreting the existing airborne magnetic and electro-magnetic datasets to advance the structural and geologic framework, geochemical till surveying across the southern third of the property to complete property wide coverage and acquiring additional IP data over defined geochemical anomalies. A drill program will be proposed for Q4 2021 based upon the results of the summer exploration program. Recent consolidation activity in the sector continues to demonstrate that Nunavut is a world-class mining and exploration jurisdiction and one of the few remaining areas in the world where exploration continues to discover and grow large, high-grade gold deposits. In 2020, the technical team refined the targeting for Committee Bay, outlining targets to expand the Three Bluffs resource in addition to several mature regional targets, each with the potential to be a new major discovery. Homestake Ridge is a high-grade gold and silver resource located in the southern end of the Golden Triangle region in British Columbia, with excellent infrastructure and access to the property. Fury is planning a 20,000m drill program in the summer of 2021, focusing on: extending the known mineralization at both the Homestake Main and Homestake Silver zones; completing an infill drill program at Homestake Silver; and testing high priority geophysical and geochemical targets. In addition, surface exploration will be completed at several regional targets to advance to drill stage. The Company's fundamentals, which continue to strengthen as the portfolio is advanced, include: A growing million multi-ounce high-grade gold resource base positioned across three assets; Plans to drill 80,000m over the next 18 months; Aggressive exploration along the Eau Claire deposit trend and broader asset package to potentially support a long-term 150koz-200koz per year mining scenario in Quebec; Renewed exploration on the Eleonore South Joint Venture to demonstrate the potential of the James Bay Gold Camp; Aggressive exploration at the Homestake Ridge project to expand the resource and convert approximately 15% of the Homestake Silver resource from inferred to indicated category; A discovery focused drill program within the 300km long Committee Bay Gold Belt to advance toward the goal of a 5Moz+ resource base at Committee Bay; and A strong treasury to support 2021 activities. These fundamentals along with the Company's aggressive growth strategies will support Fury's vision to create a premier gold development company with the aim of pouring gold by 2025.
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WIT | Hot Stocks07:03 EST Wipro sees Q4 IT Services revenue up 1.5%-3.5% sequentially to $2.1B-$2.14B
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EPIX JNJ | Hot Stocks07:02 EST Essa Pharma announces clinical collaboration, supply agreement with Janssen - ESSA Pharma (EPIX) announced that the company has entered into a clinical collaboration and supply agreement with Janssen Research & Development (JNJ) to evaluate ESSA's first-in-class N-terminal domain androgen receptor inhibitor, EPI-7386, in combination with apalutamide as well as the combination of EPI-7386 with abiraterone acetate plus prednisone in patients with metastatic castration-resistant prostate cancer. Under the terms of the agreement, Janssen may sponsor and conduct up to two Phase 1/2 studies evaluating the safety, tolerability and preliminary efficacy of the combination of EPI-7386 and apalutamide as well as the combination of EPI-7386 with abiraterone acetate plus prednisone in patients with mCRPC who have failed a current second-generation antiandrogen therapy. Janssen will assume all costs associated with the studies, other than the manufacturing costs associated with the clinical drug supply of EPI-7386. The parties will form a joint oversight committee for the clinical studies, which are planned to start in 2021. ESSA will retain all rights to EPI-7386.
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DHR | Hot Stocks07:00 EST Danaher expects Q4 revenue up approx. 38.5% y-o-y, consensus $6.44B - Danaher Corporation announced that its President and CEO Rainer Blair, will comment on the Company's fourth quarter 2020 performance in a presentation at the J.P. Morgan Healthcare Conference at 10:50 a.m. ET. Mr. Blair will communicate that fourth quarter 2020 core revenue growth including Cytiva is expected to be above the Company's previously announced guidance, driven primarily by better performance in its Life Sciences and Diagnostics segments. For the fourth quarter 2020, estimated revenues increased approximately 38.5% year-over-year, with approximately 15.0% estimated non-GAAP core revenue growth including Cytiva.
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DPW BTC | Hot Stocks06:59 EST DPW Holdings' DPL to provide business loans collateralized by bitcoin, Ethereum - DPW Holdings announced that its fintech lender, Digital Power Lending, a California Finance Lender and wholly-owned subsidiary of Ault Alliance, is prepared to begin originating loans collateralized by both bitcoin and Ethereum cryptocurrencies. The company anticipates the new collateral program, https://digitalpowerlending.com/commercialapp/, to begin on or about March 10.
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TSN | Hot Stocks06:56 EST Tyson Foods partners with Matrix Medical Network on vaccine education, access - Tyson Foods is partnering with Matrix Medical Network to ensure the company's U.S. team members are educated about and have access to the COVID-19 vaccines. Matrix will collaborate with Tyson Foods' health services team to deploy mobile health clinics and expert clinical staff to support vaccine communications, administration and counseling at Tyson Foods facilities beginning in early 2021 and continuing throughout the year. Tyson Foods will provide team members with third-party education information in multiple languages from resources such as the U.S. Centers for Disease Control about the vaccines and vaccination process. Because the availability of the vaccine will vary by state, the company is committed to a long-term strategy that ensures any team member who wants a vaccine will receive one. Vaccines will be administered at the earliest opportunity following guidance from health officials and in sufficient quantities to ensure effective scheduling and delivery. Tyson will strongly encourage employees to take the vaccination.
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ERJ | Hot Stocks06:54 EST Congo Airways orders two Embraer E195-E2 - Just six months after their first E2 order, Congo Airways has placed a firm order for two E195-E2 jets. This is in addition to their existing two aircraft order for the smaller E190-E2. The four aircraft deal has a total value of $272M at current list prices. This new firm order will be included in Embraer's 2020 fourth quarter backlog.
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ASM | Hot Stocks06:53 EST Avino: Indicated mineral resources of 75.9M silver equivalent ounces at Avino - Avino Silver & Gold Mines announced an updated mineral resource estimate for the Company's Avino Property located near Durango in west-central Mexico. The updated estimate includes the Property's Avino Mine vein systems, the San Gonzalo Mine, and the Property's Oxide Tailings. Highlights: Measured and Indicated Mineral Resources: Increase of 60% in silver equivalent ounces, up to 75.9 million ounces; Increase in gold and copper grades by 6% and 11%, up to 0.67 g/t and 0.41%; Increase in silver grade at ET by 3%, up to 63 g/t; Decrease in consolidated silver grades by 10%, to 69 g/t, as a result of depletion at San Gonzalo; Increase in tonnage of 90% overall, totaling 20.3 million metric tonnes. Inferred Mineral Resources: Decrease of 6% in silver equivalent ounces, down to 21.8 million ounces.
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MARA | Hot Stocks06:52 EST Marathon Patent Group drops 19% to $21.10 after $250M registered direct offering
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AUMN | Hot Stocks06:51 EST Golden Minerals begins production at Rodeo gold project in Mexico - Golden Minerals is pleased to announce it has begun gold production at its Rodeo gold project located in Durango State, Mexico, roughly two weeks ahead of schedule and on budget. The company transported the first loads of Rodeo's gold-containing material by road to its nearby Velardena oxide mill for processing last week. The mill has begun processing the material and anticipates a first pour of gold-silver dore bars within two weeks. Initially, Rodeo material will be processed at a rate of about 200 tonnes per day, running through the currently operational 10.5' by 13' ball mill. Golden is in the process of installing an additional 8' by 22' ball mill at Velardena, as previously communicated, which is designed to increase processing throughput by increasing grinding capacity for the silicified material from Rodeo. This second ball mill will operate in series after the primary ball mill. The company estimates the regrind mill will be complete and ready to run near the end of the first quarter 2021, at which point daily mill throughput is expected to increase to about 450 tpd.
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LAZ | Hot Stocks06:47 EST Lazard reports preliminary AUM approximately $258.6B as of December 31 - The month's AUM included market appreciation of $7.7B, foreign exchange appreciation of $2.9B and net inflows of $0.4B. Preliminary average assets under management for the quarter ended December 31, 2020 were $245.6B.
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WDR | Hot Stocks06:46 EST Waddell & Reed reports preliminary AUM $74.8B as of December 31 - Compared to $72.4B on November 30.
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LIN ITMPF | Hot Stocks06:39 EST Linde to build, own, operate PEM electrolyzer plant for green hydrogen - Linde (LIN) announced it will build, own and operate the world's largest PEM electrolyzer plant at the Leuna Chemical Complex in Germany. The new 24-megawatt electrolyzer will produce green hydrogen to supply Linde's industrial customers through the company's existing pipeline network. In addition, Linde will distribute liquefied green hydrogen to refueling stations and other industrial customers in the region. The total green hydrogen being produced can fuel approximately six hundred fuel cell buses, driving 40 million kilometers and saving up to 40,000 tons of carbon dioxide tailpipe emissions per year. The electrolyzer will be built by ITM Linde Electrolysis GmbH, a joint venture between Linde and ITM Power (ITMPF), using high-efficiency PEM technology. The plant is due to start production in the second half of 2022.
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ZCMD | Hot Stocks06:38 EST Zhongchao co-sponsors conference for standardized liver cancer diagnosis - Zhongchao announced that it co-sponsored the National Annual Conference for Standardized Liver Cancer Diagnosis and Treatment with China Association of Health Promotion and Education and Chinese Society of Liver Cancer.
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USWS EQT | Hot Stocks06:36 EST U.S. Well Services, EQT finalize long-term electric fracturing contracts - U.S. Well Services (USWS) announced it has executed two contracts to expand its electric fracturing services for EQT Corporation (EQT). Under the terms of the agreements, U.S. Well Services extended its existing contract for one electric frac fleet and will also deploy a second electric frac fleet on a contracted basis. Both contracts represent multi-year fleet dedications if all optional extensions are exercised.
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MPC FTI | Hot Stocks06:35 EST Marathon Petroleum appoints Maryann Mannen as CFO - Marathon Petroleum Corporation (MPC) announced that Maryann Mannen will join the company as EVP and CFO effective January 25. Ms. Mannen will succeed retiring CFO Donald Templin. Since 2017, Ms. Mannen has served as EVP and CFO of TechnipFMC (FTI).
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HL | Hot Stocks06:35 EST Hecla Mining sees Q4 gold production 208,962 ounces - Hecla Mining announced its preliminary silver and gold production for the fourth quarter. Highlights include: Silver production of 13.5M ounces, an increase of 7%, second highest production only to 2016. Gold production of 208,962 ounces, expected lower gold production from the Nevada operation decreased production 23% from 2019, which was Hecla's highest gold production. Zinc and lead production increased 7% and 41%, respectively, due to the ramp up of the Lucky Friday Mine. Silver equivalent production of 40.7M ounces and gold equivalent production of 471,413 ounces. Year-end cash position of $131M with the credit facility undrawn. Net debt reduction of approximately $75M, or 16%, from March 31, 2020. All injury frequency rate of 1.22 for 2020, lowest in the company's history and a reduction of 24% over 2019. "Despite the challenges of operating during the pandemic, 2020 marked a year of very strong operational performance with silver production significantly exceeding guidance," said Hecla's President and CEO, Phillips S. Baker, Jr. "Our U.S. silver production was 15% higher than the year before and more than 50% higher than 2018, strengthening our position as the United States largest silver producer. The strong performance allowed Hecla to reduce net debt, increase dividends, and double exploration expenditures while more than doubling last year's cash position. At current prices, we could repeat these results in 2021."
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J | Hot Stocks06:33 EST Jacobs Engineering suspends all political contributions - Jacobs has suspended all political contributions in the wake of last week's violence that took place at the United States Capitol. Chair and CEO Steve Demetriou said, "The peaceful and respectful transition of power is fundamental to our democracy. The disturbing events at the U.S. Capitol put our elected leaders at risk and undermined the fundamental democratic principles of free speech, peaceful protest, and open and free elections. In light of these events, Jacobs' Good Government Fund is suspending all political contributions." Demetriou continued, "We have a long history of supporting the U.S. Government and urge Congress to work together to unify our great nation."
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TGT | Hot Stocks06:33 EST Target says growth was strongest in Home in November/December period - The company said, "The company continued to gain market share throughout the November/December time period in all five of its core merchandising categories. Growth was the strongest in Home, which saw a comparable sales increase in the low-20 percent range. Comparable sales in Hardlines also grew in the low 20 percent range, reflecting mid-20 percent growth in Electronics. In Food & Beverage, comparable sales growth was in line with the company average, while Beauty & Essentials saw growth in the low teens. Apparel delivered comparable sales growth in the high-single digit range."
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BW | Hot Stocks06:32 EST B&W Environmental awarded $8M contract - Babcock & Wilcox announced that its B&W Environmental segment will design, supply and install a SPIG S.p.A. air-cooled condenser for a waste-to-energy plant in the United Kingdom. The contract is valued at more than $8M. The SPIG cooling system features advanced technology for increased efficiency and reduced emissions and is ideally suited for renewable energy applications.
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TGT | Hot Stocks06:32 EST Target says comparable digital sales growth driven by same-day fulfillment - The company said, "Comparable digital sales growth was driven primarily by the Company's same-day fulfillment services, which together grew 193 percent. Of the services, Drive Up grew the fastest at more than 500 percent, while Target's sales fulfilled by Shipt grew more than 300 percent. Between store-originated sales, same-day services and the Company's ship-from-store capability, approximately 95 percent of Target's sales in the November/December period were fulfilled by its stores."
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APOG | Hot Stocks06:31 EST Apogee Enterprises raises quarterly dividend 7% to 20c from 18.75c per share - The dividend will be payable on February 16 to shareholders of record at the close of business on February 1. This marks Apogee's eighth consecutive year with a dividend increase, during which time the quarterly dividend has more than doubled.
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TGT | Hot Stocks06:31 EST Target reports comparable sales up 17.2% for November/December period - Target announced that comparable sales in the combined November/December period grew 17.2 percent, driven by a 4.3 percent increase in traffic and a 12.3 percent increase in average ticket. Store-originated comparable sales grew 4.2 percent, while comparable digital sales grew 102 percent. Brian Cornell, Chairman and CEO, Target Corporation, said, "The momentum in our business continued in the holiday season with notable market share gains across our entire product portfolio. We're very pleased with our results, and the strength of our performance is a reflection of the tireless work of our team to support our guests through a safe, convenient and inspirational experience. Throughout the holidays, we delivered joy for holiday shoppers while focusing on safety -- adjusting promotions to reduce crowding while delivering easy, contactless fulfillment options through Drive Up and Shipt. We've seen continued strong sales trends in the new year, and as we turn to our 2021 plans, our team is focused on continuing to build on the guest engagement and significant market share we gained throughout 2020."
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ESPR | Hot Stocks06:28 EST Esperion sees FY21 operating expenses approximately $320M-$340M - Inclusive of $30M of non-cash stock-based compensation.
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ESPR | Hot Stocks06:27 EST Esperion sees Q4 U.S. net product revenue $8M-$8.5M
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AESE | Hot Stocks06:17 EST Allied Esports, HyperX renew naming rights agreement for HyperX Esports Arena - Allied Esports, a subsidiary of Allied Esports Entertainment, and HyperX, the gaming division of Kingston Technology, announced the renewal of their exclusive naming rights agreement for Allied Esports' global flagship property, HyperX Esports Arena Las Vegas, located at Luxor Hotel and Casino on the Las Vegas Strip. Per the multiyear deal, HyperX will continue to receive prominent branding and signage inside and outside of the venue, as well as across all arena promotions, content and social media platforms. HyperX and Allied Esports will continue to partner on a variety of co-branded experiences and events at the arena focused on growing their gaming and esports communities.
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INFO | Hot Stocks06:08 EST IHS Markit CFO: 'Some challenged markets continue to show signs of recovering' - "We were pleased to see continued stability in Q4, and 2020 demonstrated the resiliency of our business model given the economic challenges due to the pandemic," said Lance Uggla, chairman and CEO at IHS Markit. "We were pleased with the finish to our year, and some of our challenged end markets continue to show signs of recovering, which supports our plan as we head into FY21," said Jonathan Gear, CFO at IHS Markit.
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ITMPF LIN | Hot Stocks06:08 EST ITM Power announces sale of 24MW electrolyser to Linde - ITM Power (ITMPF) announced the sale to Linde (LIN) of a 24MW electrolyser to be installed at the Leuna Chemical Complex in Germany. Linde announced it will build, own and operate the world's largest PEM electrolyzer plant at the Leuna Chemical Complex in Germany. This new 24 megawatt electrolyzer will produce green hydrogen to supply Linde's industrial customers through the company's existing pipeline network. In addition, Linde will distribute liquefied green hydrogen to refueling stations and other industrial customers in the region. The total green hydrogen being produced can fuel approximately six hundred fuel cell buses driving 40 million kilometers and saving up to 40,000 tons of carbon dioxide tailpipe emissions per year. The electrolyzer will be built by ITM Linde Electrolysis GmbH, a joint venture between Linde and ITM Power, using high-efficiency PEM technology. The plant is due to start production in the second half of 2022.
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OPK | Hot Stocks06:06 EST Sian Capital urges OPKO Health to address apparently misleading Q4 guidance - "Sian Capital, a sizable stockholder of OPKO Health, announced that it sent a letter to the company's Board of Directors on December 18, 2020 regarding what we believe is the dubious 4Q'20 guidance provided by management on October 29, 2020. Sian wants all analysts and stockholders to be aware that we believe OPKO's previously issued guidance is misleading. We are calling on OPKO to confirm whether it still stands by its projections or agrees with our estimates."
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GHIV | Hot Stocks06:05 EST Gores Holdings IV urges stockholders to vote for UWM combination - Gores Holdings IV reminds stockholders to vote in favor of the approval of the Company's proposed business combination with United Wholesale Mortgage and the related proposals to be voted upon at the Company's Special Meeting in Lieu of the Company's 2021 Annual Meeting of Stockholders. In light of public health concerns regarding the coronavirus pandemic, the Special Meeting will be held via live webcast at https://www.cstproxy.com/goresholdingsiv/2021, on January 20, 2021, at 9:00 a.m. Eastern Time as described in the Company's definitive proxy statement dated December 16, 2020.
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DOX MSFT | Hot Stocks06:04 EST Amdocs expands agreement with Capita - Amdocs (DOX) announced that it has expanded its agreement with Capita plc, a consulting, transformation and digital services business, to support the growth of Transport for London's Ultra Low Emission Zone, and its migration to the cloud on Microsoft (MSFT) Azure. TfL is planned to expand ULEZ, introduced in April 2019, out to the North/South Circular from October 2021, as a result of TfL's increasing commitment to help clean up the city's toxic air which, according to TfL, has been linked to thousands of premature deaths in London each year. As part of the agreement with Capita, Amdocs will provide charging and settlement implemented on Microsoft Azure cloud, as well as testing services to provide Capita with greater end-to-end quality assurance.
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HEC | Hot Stocks06:03 EST Hudson Executive Investment to merge with Talkspace - Talkspace and Hudson Executive Investment Corp. announced that they have entered into a definitive merger agreement. The combined company will operate as Talkspace and intends to be listed on NASDAQ under the symbol "TALK". The transaction values Talkspace at an initial enterprise value of $1.4B and will provide the company with $250M of cash, to be used as growth capital. Co-founders Roni and Oren Frank will continue to lead Talkspace, along with President, COO and CFO Mark Hirschhorn and the rest of the company's highly experienced leadership team. Following the closing, Douglas L. Braunstein will serve as Chairman of the company's new board of directors. Talkspace will also benefit from the strategic contributions of Hudson Executive Capital's deep bench of healthcare CEO partners. For 2021, Talkspace's estimated net revenue is $125M, up approximately 69% from 2020 estimated net revenue. The transaction will be funded with HEIC's $414M of cash in trust, a $25 million forward purchase from Hudson Executive Capital and an additional $25M committed by Hudson Executive Capital to backstop redemptions. The transaction is further supported by an oversubscribed $300 million fully committed PIPE at $10.00 per share anchored by leading investors including the Federated Hermes Kaufmann Funds, Jennison Associates LLC, Woodline Partners LP and Deerfield. Upon closing, it is expected that the company will have an enterprise value of $1.4B, or approximately 11x 2021 estimated net revenue, and $250M of cash on the balance sheet available to fund growth initiatives. The transaction, which has been unanimously approved by the Boards of Directors of Talkspace and HEIC, is expected to close late in the first quarter or early in the second quarter of 2021, subject to receipt of HEIC stockholder approval, and the satisfaction of other customary closing conditions.
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ALLT | Hot Stocks05:56 EST Allot Ltd. chosen to provide cybersecurity services to European mobile provider - Allot Ltd. announced that a tier-1 mobile service provider in Europe has selected Allot Secure solutions to deliver comprehensive cybersecurity services to its consumer, SOHO and small business customers. Subscribers to the service will pay a monthly fee that is shared between the service provider and Allot. Allot Secure is the first platform to provide mobile users with a unified user experience for on-net and off-net cybersecurity, including configuration, reporting and alarm management. The service provider will be implementing NetworkSecure and EndpointSecure, two solutions in the Allot Secure family.
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BK | Hot Stocks05:53 EST BNY Mellon, Amundi announce strategic alliance - BNY Mellon and Amundi announced a transatlantic collaboration to further power growth of both companies by integrating world-class complementary capabilities and establishing new integration points between the firms. This alliance immediately translates in the technological integration of BNY Mellon OMNISM, a client- and data-centric securities services platform, and Amundi's ALTO, its portfolio management system, across multiple areas that aim to deliver significant benefits, including integrated portfolio management and risk management tools, and operational efficiencies for common clients. This alliance aims to deliver an automated and simplified workflow throughout the investment cycle of securities held in portfolios, to prioritize consistency of data between the portfolio and the depositary, to enhance risk management and optimize investment decision-making for asset managers.
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WIMI | Hot Stocks05:51 EST WiMi Hologram Cloud obtains patent for 3D holographic pulse laser device - WiMi Hologram Cloud announced that it has obtained a patent for a three-dimensional holographic pulse laser processing device for optical holography use. The patent is a result of WiMi's independent research and development and will allow the company to further improve its intellectual property protection system. By unleashing the strengths of its proprietary intellectual property resources and enhancing its innovation mechanisms, WiMi continues to enhance its core competitive advantages to fortify its leadership in the development of new technologies. The patent is related to the technical field of holographic pulse laser processing devices and, in particular, pulse laser processing devices for 3D optical holography use.
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FCAU | Hot Stocks05:49 EST FCA: Previously declared special cash distribution has become unconditional - FCA announced that the cash distribution declared on January 4, 2021 has become unconditional. As previously announced, the special cash distribution of EUR1.84 per common share corresponding to a total distribution of approximately EUR2.9B is payable to holders of FCA common shares of record as of the close of business on Friday, January 15, 2021. The calendar for the cash distribution for both the New York Stock Exchange and the Mercato Telematico Azionario is as follows: (i) ex-date on Thursday, January 14, 2021; (ii) record date on Friday, January 15, 2021 and (iii) payment date on January 29, 2021. Shareholders holding common shares traded on the NYSE will receive the dividend in U.S. dollars at the official USD/EUR exchange rate reported today by the European Central Bank. While payment of the cash distribution will occur after closing of the merger, for the avoidance of doubt, no dividend will be payable with respect to shares of Stellantis issued to former shareholders of PSA upon effectiveness of the merger, or to any shareholder purchasing Stellantis shares after effectiveness of the merger. As previously announced, Stellantis' common shares will begin trading on the Mercato Telematico Azionario in Milan and Euronext in Paris on Monday, January 18, 2021, and on the New York Stock Exchange on Tuesday, January 19, 2021, in each case under the ticker symbol "STLA".
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ESLT | Hot Stocks05:34 EST Elbit Systems awarded contract to supply Seagull USVs - Elbit Systems announced that it was awarded a contract to supply Seagull USVs to the Navy of a country in Asia-Pacific. The contract, that is in an amount that is not material to Elbit Systems, will be performed over a 17-month period. Under the contract, Elbit Systems will provide Seagull USV systems that are specifically configured to perform Mine Counter Measures missions while facilitating the option to add technology modules needed for Anti-Submarine Warfare. The Seagull USVs to be supplied will integrate Side-Scan and Forward-Looking sonars, Mine Identification and Destruction Remotely Operated Vehicles. The USVs also will be equipped with the Company's autonomous suite, Combat Management System and Satellite Communication capability. The Seagull USVs will enable the customer's Navy to execute end-to-end MCM operations, handling bottom, moored and drifting sea mines. The Seagull USV offers endurance of four days, sea-keeping missions of up to Sea-State 5 and the flexibility to control several vessels from the same Mission Control System.
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JNPR | Hot Stocks05:33 EST Juniper, Turk Telekom create partnership in support of Open RAN 5G ecosystem - Juniper Networks and Turk Telekom Group have announced completion of a groundbreaking new technology and commercial partnership to accelerate innovation in support of the Open RAN 5G ecosystem. The partnership comprises: An exclusive global licensing agreement with Netsia, a subsidiary of Turk Telekom Group company Argela in the USA, to transfer its leading-edge Radio Intelligent Controller technology to Juniper, including related source code and patents plus exclusive rights to develop and sell products and solutions that integrate with RIC. Permanent transfer of technical domain experts from Netsia to Juniper in support of RIC's integration into Juniper's product portfolio, further strengthening Juniper's Open RAN and 5G expertise. Committed purchase of Juniper products and solutions by Turk Telekom to support its next generation Open RAN and 5G deployment. This will include an initial proof-of-concept project expected in late 2021, which will incorporate RIC technology and Juniper's broader portfolio.
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UCL | Hot Stocks05:32 EST uCloudlink announces progress in U.S., China patent infringement disputes - uCloudlink announced the latest developments in its patent infringement disputes with SIMO Holdings and/or its subsidiaries in the U.S. and China. In 2018, SIMO sued Hong Kong uCloudlink Network Technology Limited and uCloudlink, Limited for infringing its U.S. Patent No. 9,736,689. The United States District Court for the Southern District of New York found for SIMO and ordered uCloudlink Entities to pay damages amounting to $8,230,654. Believing the trial judge erred in the construction of SIMO's patent claims, uCloudlink Entities appealed the SDNY decision to the U.S. Court of Appeals for the Federal Circuit. On January 5, 2021, the Federal Circuit reversed the SDNY decision and held that "uCloudlink Entities are entitled to summary judgment of noninfringement". In 2018, Shenzhen Simo Wireless Technology Co., Ltd., one of SIMO's affiliates in China, filed a lawsuit against Shenzhen uCloudlink Network Technology Co., Ltd. for infringing its PRC Patent No.200980103594.6. In response, uCloudlink Shenzhen applied to the China National Intellectual Property Administration for invalidating the 594.6 Patent. In July 2019, CNIPA entered its decision which invalidated the 594.6 Patent. Dissatisfied with the CNIPA decision, Shenzhen SIMO appealed to the Beijing Intellectual Property Court for judicial review. In December 2020, the IP Court entered its judgment which upheld CNIPA's invalidation decision. In 2019, Shenzhen uCloudlink Technology Limited sued Shenzhen Skyroam Technologies Co., Ltd., one of SIMO's affiliates in China, for infringing its PRC Patent No. ZL201410497366.4 which is owned and licensed by Hong Kong uCloudlink Network Technology Limited. In response, Shenzhen Skyroam applied to CNIPA for invalidating the 366.4 Patent. In September, 2020, CNIPA issued an order which invalidated the 366.4 Patent. Currently, Shenzhen uCloudlink Technology Limited is filing a lawsuit at the Beijing Intellectual Property Court to challenge CNIPA's invalidation decision. In April 2020, Shenzhen Skyroam Technologies Co., Ltd. applied to CNIPA for invalidating PRC patent No. 201610513352.6 of Shenzhen uCloudlink Technology Limited. In November 2020, CNIPA issued an order which invalidated the 352.6 Patent. Shenzhen uCloudlink Technology Limited is now preparing to file a lawsuit at the Beijing Intellectual Property Court to challenge CNIPA's invalidation decision.
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ALGT | Hot Stocks05:26 EST Allegiant Travel reports December traffic down 47.6% - Reports December: Passengers down 48.6%; Capacity down 20%; Load factor down 28.4 points; Departures down 22.7%. "As expected, the fourth quarter highlighted the divergence in strength between peak travel periods and non-peak periods," stated Drew Wells, vice president of revenue. "Demand remained soft throughout much of December before accelerating during the peak holiday travel period at the end of the month. Load factors during the peak period came in at nearly 60 percent, which aided in completing the quarter with a load factor of 58.2 percent, the best since the onset of the pandemic. Over the last several weeks, we have been encouraged by favorable forward booking trends as flight volumes begin to pick up mid-February and into peak Spring Break travel. We remain cognizant that the situation is fluid and will continue to manage capacity to meet the changing demand environment."
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AMT TEF | Hot Stocks04:54 EST American Tower enters pact with Telefonica to acquire Telxius Towers for $9.4B - American Tower (AMT) announced that it has entered into definitive agreements with Telefonica (TEF), under which it will acquire Telxius Towers, comprising approximately 31,000 existing communications sites in Germany, Spain, Brazil, Chile, Peru and Argentina. The total consideration for the transaction approximately $9.4B, subject to customary closing adjustments. In addition, American Tower expects to spend approximately $500M to construct a committed pipeline of approximately 3,300 new sites in Germany and Brazil through 2025. American Tower expects the assets to generate approximately $775M in property revenue, approximately $410M in gross margin, and approximately $390M in Adjusted EBITDA at current foreign exchange rates, in their first full year in its portfolio, pro forma for contributions from the committed future build-to-suits. This implies an Enterprise Value / Adjusted EBITDA multiple of less than 26x. The transaction is anticipated to be immediately accretive to Consolidated AFFO per Share and is expected to close in multiple tranches, beginning in the second quarter, subject to government and regulatory approvals and customary closing conditions.
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