Stockwinners Market Radar for January 14, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
AT | Hot Stocks20:40 EST Atlantic Power to be acquired by I Squared Capital at $3.03 per share or $961M - Atlantic Power announced that it has entered into a definitive agreement with I Squared Capital, a leading global infrastructure investor, under which the company's outstanding common shares and convertible debentures, and the outstanding preferred shares and medium term notes of certain of its subsidiaries, will be acquired. The total enterprise value of the deal is approximately $961M and the transaction was unanimously approved by Atlantic Power's board of directors. Common shareholders of Atlantic Power will receive $3.03 per common share in cash, representing a 48% premium to the 30-day volume weighted average price per common share on the New York Stock Exchange for the period ending January 14, 2021.
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TSLA | Hot Stocks20:05 EST Tesla director sells 10K shares of common stock - In a regulatory filing, Tesla disclosed that its President of Automotive, Jerome Guillen, sold 10K shares of common stock on January 11th in a total transaction size of $8.34M, reducing his stake by about 17%.
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SPLP | Hot Stocks20:01 EST Steel Partners director buys 77.3K shares of common stock - In a regulatory filing, Steel Partners disclosed that its SVP Gordon Walker bought 77.3K shares of common stock on January 12th in a transaction with total size of $922K, boosting his stake by 110%.
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GME | Hot Stocks19:47 EST GameStop director sells 810K shares of common stock - In a regulatory filing, GameStop disclosed that its director James Wolf sold 810K shares of common stock on January 12th in a total transaction size of $17.19M, reducing his stake by about 64%.
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DK... | Hot Stocks19:04 EST Delek US says board committee to evaluate any CVR nominees - Delek US Holdings (DK) issued the following statement in response to the letter received from and disclosed by CVR Energy, Inc. (CVR), a majority owned subsidiary of Icahn Enterprises L.P. (IEP): "Delek US welcomes dialogue with its shareholders and constructive input related to enhancing shareholder value. The Company's Board of Directors and management team are committed to acting in the best interest of all shareholders, and regularly evaluate all available options to create and deliver value. Under the leadership of an engaged and experienced Board and management team, Delek US has built a broad portfolio of integrated assets in strategically important geographies, providing substantial value for its customers and partners. We have run at refinery utilization rates above industry average throughout 2020, driven by our positioning in attractive niche markets. Contributions from recent midstream investments are expected to gain momentum into 2021 and 2022." The statement continued: "The Delek US Board comprises seven highly qualified directors, six of whom are independent and all of whom are established industry leaders with deep expertise and experience that align with the Company's long-term strategy. The Delek US Board has been regularly refreshed with independent and diverse directors, two of whom joined the Board in the last two years. Notwithstanding this recent and ongoing refreshment, Delek US remains committed to maintaining a diverse Board with additive perspectives to provide independent oversight and enhance value for all shareholders. The Nominating and Corporate Governance Committee of our Board will evaluate any nominees from CVR if and when they are received and make a recommendation in due course. Delek US shareholders are not required to take action at this time. Delek US encourages input and engagement from all investors, and looks forward to an ongoing dialogue with all shareholders, including CVR, as the Company continues to execute value creation strategies."
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CHNG... | Hot Stocks18:47 EST Microsoft, Oracle, Salseforce, others form Vaccination Credential Initiative - A group of health and tech companies that includes Oracle (ORCL), Microsoft (MSFT), Cerner (CERN), Change Healthcare (CHNG), and Salesforce (CRM) is working on an inititiave known as the Vaccination Credential Initiative. The VCI is a coalition of public and private partners committed to empowering individuals with digital access to their vaccination records based on open, interoperable standards so they can protect and improve their health, and demonstrate their health status to safely return to travel, work, school and life while protecting their data privacy. Participating health organizations agree to provide individuals with digital access to their vaccination records using the open, interoperable SMART Health Cards specification based on W3C Verifiable Credential and HL7 FHIR standards and be listed in a common registry of issuers. Vaccination Data Sources can provide individuals with access to their SMART Health Cards. Reference Link
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ACIA CSCO | Hot Stocks18:45 EST Cisco CEO: Price paid for Acacia Communications was 'reasonable' - In an interview on CNBC's Mad Money, Chuck Robbins said Acacia Communications' (ACIA) technology is "super important" for Cisco's (CSCO) future. "The deal is strategic for our future," he added.
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SIG | Hot Stocks18:23 EST Signet Jewelers CEO: We have over 700 virtual sellers - In an interview on CNBC's Mad Money, Virginia Drosos said Signet is showing jewelry in ways it hasn't before with the help of technology. The buy online and pick up in store process is a great new capability for the company, she added. Signet is using a data analytics approach to target customers, Drosos noted. "We are a strong and growing jewelry company. I feel very good about our store optimization strategy," she said.
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GLD | Hot Stocks18:05 EST SPDR Gold Shares holdings fall from 1,171.21MT to 1,161.00MT - This is the second consecutive decrease and the lowest level of holdings since June 19th, 2020.
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ACCD | Hot Stocks18:04 EST Accolade jumps almost 13% after announcing acquiring 2nd.MD - Accolade is up +$6.04 per share or 12.65% to $53.80 per share in after hours trading after announcing it has agreed to buy Innovation Specialists, which is also known as 2nd.MD.
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BGI | Hot Stocks18:01 EST Birks Group reports FY21 holiday period sales down 0.2%, SSS down 1.8% - The company states: "For the FY2021 Holiday Period, net sales were 0.2% lower than last year, primarily due to a 1.8% decrease in comparable store sales, driven by temporary store closures due to COVID-19 restrictions in certain regions in Canada. As a result of various provincial health restrictions, seven of the company's 29 retail locations, including its flagship Bloor Street store in Toronto, were temporarily closed for in-person shopping for the majority of the holiday season. When excluding the seven stores that were temporarily closed for in-person shopping during the FY2021 Holiday Period, comparable stores sales increased by 6.8%. Furthermore, e-commerce sales increased by 176.0% during the FY2021 Holiday Period."
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FLNT | Hot Stocks17:57 EST Fluent down 2% at $5.16 after below-consensus Q4 revenue guidance
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MU | Hot Stocks17:53 EST Micron director sells 50K shares of common stock - In a regulatory filing, Micron disclosed that its director Manish Bhatia sold 50K shares of common stock on January 13th in a total transaction size of $3.95M, reducing his stake by about 18%.
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NDAQ | Hot Stocks17:53 EST Nasdaq says trading halted in Generations Bancorp NY, Inc. - The Nasdaq Stock Market (NDAQ) announced that trading was halted in Generations Bancorp NY, Inc. (GBNY) at 17:10:16 Eastern Time on January 14, 2021, for "additional information requested" from the company at a last sale price of $10.01. Trading will remain halted until Generations Bancorp NY, Inc. has fully satisfied Nasdaq's request for additional information.
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EGO | Hot Stocks17:47 EST Eldorado Gold guides FY21 gold production of 430K-460K oz - The company states: "Eldorado Gold's 2021 gold production is forecast to be between 430,000 and 460,000 ounces at all-in sustaining costs of $920 to $1,150 per ounce. Average 2021 cash operating costs are forecast in the range of $590 to $640 per ounce of gold sold. Quarter-to-quarter gold production in 2021 is expected to be relatively consistent with higher anticipated gold grade at Kisladag in the first half of the year expected to be offset by lower head grade at Lamaque. In the second half of 2021, gold production at Lamaque is expected to increase on higher grade while production at Kisladag will be temporarily affected by the expected third-quarter commissioning of the HPGR circuit."
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LEN | Hot Stocks17:32 EST Lennar announces $1B stock repurchase authorization - Lennar announced that its Board of Directors authorized the company to repurchase from time to time up to the lesser of $1B in value, or 25M in shares, of the company's outstanding Class A or Class B common stock. The repurchase authorization has no expiration date. Under a prior stock repurchase authorization, which was approved by the Board in January 2019 and was replaced by the current one, the company repurchased 14M shares of its Class A and Class B common stock for a total of $781 million.
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DXCM | Hot Stocks17:31 EST DexCom CEO sells 47K shares of common stock - In a regulatory filing, DexCom disclosed that its CEO Kevin Sayer sold 47K shares of common stock on January 14th in a total transaction size of $16.97M, reducing his stake by about 25%.
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BLNK | Hot Stocks17:25 EST Blink Charging Chairman Farkas sells over $22M in shares - Blink Charging Chairman Michael Farkas disclosed in a filing that he had sold 540,000 shares of company stock on January 12, at $41 per share for a total transaction value of $22,140,000.
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LHX | Hot Stocks17:23 EST L3Harris Technologies awarded $121.63M Missile Defense Agency contract - L3Harris Technologies was awarded a firm-fixed-price prototype award with a total value of $121.63M through the Missile Defense Agency's authority under 10 U.S. Code Section 2371b. This prototype award was competitively solicited among awardees of the Hypersonic and Ballistic Tracking Space Sensor Phase IIa effort, which was competitively awarded as a Prototype Other Transaction pursuant to 10 U.S. Code Section 2371b. Four proposals were received. Under this award, the performer will provide the Missile Defense Agency's Hypersonic and Ballistic Tracking Space Sensor program with an on-orbit prototype demonstration, culminating with launch and early orbit testing. The work will be performed in Fort Wayne, Indiana, with an estimated completion date of July 14, 2023. FY20 research, development, test and evaluation funds in the amount of $25M will be obligated at the time of award. These funds will expire at the end of the 2021 fiscal year. Missile Defense Agency, Schriever Air Force Base is the contracting activity.
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TEVA | Hot Stocks17:18 EST Teva announces availability of generic version of NuvaRing - Teva Pharmaceuticals announced the availability of a generic version of NuvaRing, 0.120 mg/0.015 mg per day, in the U.S. Teva's AB-rated and bioequivalent etonogestrel and ethinyl estradiol vaginal ring, is an estrogen/progestin combination hormonal contraceptive indicated for use by women to prevent pregnancy. "The launch of a generic version of NuvaRing Vaginal Ring in the U.S. is an important addition to Teva's generic portfolio," said Christine Baeder, SVP, Chief Operating Officer US Generics, Teva USA. "With more than 40 generic products in our existing woman's health portfolio, we are proud to add another accessible contraception option."
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CPA | Hot Stocks17:01 EST Copa Holdings reports December traffic down 65.7% y/y - Copa Holdings released preliminary passenger traffic statistics for December 2020. Consolidated capacity came in 60.8% lower year over year in December, while passenger traffic decreased 65.7% year over year, which resulted in a 74.8% load factor, 10.6 percentage points lower than December 2019.
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VGR | Hot Stocks17:01 EST Vector Group appoints Richard Lampen to COO - Vector Group announced that it has appointed its current executive VP Richard Lampen to the additional position of COO and to serve as a member of the board, effective immediately. Lampen served as president and CEO of Ladenburg Thalmann Financial Services from September 2006 to February 2020, and as chairman from September 2018 until February 2020, when the company was successfully sold for $1.3B to Advisor Group, a portfolio company of Reverence Capital Partners.
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ACCD | Hot Stocks16:52 EST Accolade confirms to acquire 2nd.MD for $460M - Accolade announced it has signed a definitive agreement to acquire Innovation Specialists, LLC (d/b/a 2nd.MD), a Expert Medical Opinion and medical decision support company based in Houston, TX. Accolade will continue to offer 2nd.MD's service on a stand-alone basis as well. The transaction is expected to close by the end of February 2021, subject to customary closing conditions. Under the terms of the agreement, the purchase price of up to $460M will consist of $230M in cash, $130M in Accolade common stock, and up to $100M of Accolade common stock payable upon the achievement of defined revenue milestones following the closing.
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LCI | Hot Stocks16:50 EST Lannett sees Q2 impairment charge of $180M-$210M - As a result of the decision by Lannett Company to discontinue certain product lines and the reduction in net sales and gross margin of certain other product lines the company has determined that such decision represents a "triggering event" under United States Generally Accepted Accounting Principles. Accordingly, the company began performing an analysis to determine the potential for impairment of certain long-lived assets of the company, primarily its intangible assets. Based on the analysis performed to date, the company determined that a material impairment charge related to the company's product rights intangible assets acquired in connection with the acquisition of Kremers Urban Pharmaceuticals is required and that no impairment charge of its other long-lived assets is required at this time. The impairment charge results from the decline in net sales and gross margin of certain product lines acquired in connection with the KUPI acquisition, including those product lines being discontinued. The expected impairment charge is estimated to be in the range of $180M-$210M and will be reflected in the company's financial statements for the second quarter of fiscal 2021. The impairment charge will not result in any cash expenditures.
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WOR NKLA | Hot Stocks16:49 EST Worthington sells it remaining 7.05M shares of Nikola - On January 13, WI Ventures, a wholly-owned subsidiary of Worthington Industries (WOR) sold its remaining 7,048,020 shares of Nikola (NKLA) stock for net pre-tax cash proceeds of $146,590,000, generating a pre-tax gain of $2,740,000. After this transaction, WI Ventures no longer owns any shares of Nikola Corporation common stock, said the company in a regulatory filing.
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MNR | Hot Stocks16:45 EST Monmouth Real Estate to explore strategic alternatives - Monmouth Real Estate Investment Corporation announced that its board, working together with its legal and financial advisors, has unanimously decided to explore strategic alternatives to maximize stockholder value. The board intends to consider the full range of available alternatives including a potential sale or merger of the company. Monmouth has retained J.P. Morgan to work collaboratively with CS Capital Advisors to assist and advise the board in its strategic review. The company noted that there can be no assurance that the exploration of strategic alternatives will result in any transaction.
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PPIH | Hot Stocks16:44 EST Perma-Pipe International announces $6.7M contract awarded in India - Perma-Pipe International Holdings announced its subsidiary Perma-Pipe India Pvt. Ltd. has been awarded a $6.7M contract by JSIW Infrastructure Pvt. Ltd. for application of a thermal insulation system on pipe to be used for the construction of the 12" diameter, 74 km long Mangla crude oil pipeline.
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DMTK | Hot Stocks16:37 EST DermTech announces PLA study results published - DermTech announced that SKIN has published the results of a large registry study finding that the evaluation of genomic atypia using DermTech's Pigmented Lesion Assay, or the PLA, may be a superior approach to guide treatment decisions and manage pigmented lesions, when compared to visual assessment of pigmented lesions. The study reports that lesions biopsied based on genomic atypia criteria identified by the PLA were associated with a nearly five-fold enrichment of melanoma in the patient specimens compared to those biopsied based solely on visual assessment criteria. This is the twentieth peer-reviewed publication supporting use of the PLA to better guide treatment decisions. This large, year-long registry study conducted in the U.S. included 90 providers across 53 dermatology offices and assessed 3,418 pigmented lesions clinically suspicious for melanoma using the PLA. PLA-positive lesions were then biopsied using standard pathological methods. Pathology reports for 313 of 316 PLA-positive cases biopsied to rule out melanoma based on genomic atypia were available for subsequent analysis by the research team. The results of the study demonstrate that: Overall, 18.7% of PLA positive lesions were histopathologically diagnosed as melanomas with 14.9% diagnosed as melanomas in situ and 3.8% as invasive melanomas. Overall, 47.5% of the histopathologically-confirmed melanomas demonstrated a double positive genomic signature while 23.7% were single-positive for LINC and 28.8% were single-positive for PRAME. Gene expression of both LINC and PRAME was present in increasing percentages of melanocytic lesions, corresponding with pathology reports showing increasing levels of atypia.
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MNR | Hot Stocks16:37 EST Monmouth Real Estate raises quarterly dividend 5.9% to 18c per share - This dividend is payable on March 15 to stockholders of record as of the close of business on February 16.
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PRCH | Hot Stocks16:35 EST Porch Group Inc (Class A Stock) trading resumes
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MTX | Hot Stocks16:33 EST Minerals Technologies raises prices for specialty minerals products in U.S. - Specialty Minerals, a subsidiary of Minerals Technologies, has communicated to customers that it has increased prices across its mineral product portfolio, effective January 1, 2021. Price increases range from 3 to 10%, subject to individual customer contracts and terms. All ground calcium carbonate products from Adams, MA and Lucerne Valley, CA, and all ground dolomitic limestone products from Canaan, CT will increase by 3-5% depending on the product line. All precipitated calcium carbonate products from Adams, MA will increase by 3%. Quicklime produced at Adams, MA will increase by 3%. Talc products produced at Barretts, MT and Bay City, TX will increase by 5-10% depending on the product line.
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PFE | Hot Stocks16:31 EST Pfizer says FDA approves supplemental NDA for Xalkori - Pfizer announced that the U.S. Food and Drug Administration approved the supplemental New Drug Application for XALKORI for the treatment of pediatric patients 1 year of age and older and young adults with relapsed or refractory, systemic anaplastic large cell lymphoma that is anaplastic lymphoma kinase-positive. The safety and efficacy of XALKORI have not been established in older adults with relapsed or refractory, systemic ALK-positive ALCL. ALCL is a rare form of non-Hodgkin lymphoma and accounts for approximately 30% of cases of NHL in young people. Approximately 90% of ALCL cases in young people are ALK-positive. "We are proud to deliver the first biomarker-driven therapy for children and young adults with ALCL. XALKORI offers a meaningful new treatment option for young patients with relapsed or refractory ALK-positive ALCL," said Chris Boshoff, M.D., Ph.D., Chief Development Officer, Oncology, Pfizer Global Product Development. "XALKORI transformed the treatment of ALK-positive non-small cell lung cancer as the first biomarker-driven therapy for that disease, and this approval is a notable milestone in our journey to continue to follow the science to address cancers with significant unmet need."
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KALU AA | Hot Stocks16:31 EST Kaiser Aluminum raises quarterly dividend by 7.5% to 72c per share - The dividend will be payable on February 12, 2021 to shareholders of record as of the close of business on January 25, 2021. CEO Keith Harvey says: "The increase in the quarterly dividend reflects our continued confidence in the long-term outlook for our business, the end markets we serve and opportunities to create value for our shareholders. In addition, our planned acquisition of the Warrick Rolling Mill from Alcoa (AA), provides excellent potential for further value creation with strong secular demand growth and due to the non-cyclic nature of the packaging business, more predictable earnings and cash flow."
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GPC | Hot Stocks16:29 EST Genuine Parts names Will Stengel president - Genuine Parts Company announced that its board of directors has appointed William P. Stengel to the position of President of Genuine Parts Company. Stengel was previously Executive Vice President and Chief Transformation Officer of the company and becomes only the eighth President in the company's 93-year history. He will continue to report to Paul Donahue, Chairman and Chief Executive Officer. Donahue stated, "Will is an exceptional talent, and his proven leadership and relevant experience make him an excellent choice as the Company's next President. His promotion is also a reflection of our board and management's ongoing commitment to succession planning for the Company. As Chief Transformation Officer, Will has led the effective and disciplined management of our transformation initiatives while also taking on various operational and strategic responsibilities. As President, he will continue to lead these efforts and work alongside me to further develop and advance our strategic roadmap and execute our growth and productivity initiatives."
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KDMN | Hot Stocks16:26 EST Point72 Asset Management reports 5.13% passive stake in Kadmon - Point72 Asset Management disclosed a 5.3% stake in Kadmon, which represents over 9.08M shares. The filing does not allow for activism.
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CVI DK | Hot Stocks16:24 EST CVR Energy says 'no interest' in acquiring Delek US - In a regulatory filing, CVR Energy (CVI) reported that it delivered a letter to the Chairman of the Board of Delek US (DK), in which the company stated in part: "As you are no doubt aware, there have been persistent market rumors regarding our supposed interest in acquiring Delek. To set the record straight, we have no interest in doing so. When we first started acquiring our position in Delek, we believed the stock was undervalued and thought the company could present a good synergistic acquisition opportunity for CVR. However, due to the dramatic changes in the industry since that time, we believe we would achieve significantly greater results for our shareholders by devoting capital to internal higher return projects, such as the recently announced repurposing of our Wynnewood refinery for renewable diesel production, or by pursuing diversification opportunities with potential PADD 4 refinery acquisitions."
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CVI DK | Hot Stocks16:23 EST CVR Energy seeks to replace three Delek US board nominees - In a regulatory filing, CVR Energy (CVI) reported that it delivered a letter to the Chairman of the Board of Delek US (DK), in which the company stated in part: "I am writing on behalf of CVR Energy, Inc., the owner of approximately 15% of the outstanding common stock of Delek US Holdings, Inc. As you are no doubt aware, there have been persistent market rumors regarding our supposed interest in acquiring Delek. To set the record straight, we have no interest in doing so. When we first started acquiring our position in Delek, we believed the stock was undervalued and thought the company could present a good synergistic acquisition opportunity for CVR. However, due to the dramatic changes in the industry since that time, we believe we would achieve significantly greater results for our shareholders by devoting capital to internal higher return projects, such as the recently announced repurposing of our Wynnewood refinery for renewable diesel production, or by pursuing diversification opportunities with potential PADD 4 refinery acquisitions. But we continue to believe Delek's stock is undervalued and that the company would benefit greatly from a board refreshment and a renewed focus on value enhancing ideas, such as prioritizing free cash flow over growth, monetizing retail and focusing on core refineries while exiting from others, as further outlined in this letter. As the largest stockholder of Delek, we believe Delek desperately needs new strategic direction, and we would like to work collaboratively with you to replace three of your nominees at Delek's upcoming 2021 Annual Meeting of Stockholders with three highly qualified and independent nominees proposed by CVR."
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CLPT | Hot Stocks16:22 EST ClearPoint Neuro announces first procedure utilizing ClearPoint 2.0 in Europe - ClearPoint Neuro reported the first utilization in Europe of its Version 2.0 software, together with the ClearPoint Neuro Navigation System, at Rigshospitalet in Copenhagen, Denmark. The procedure, which took place last week, also represents the first European site to use the ClearPoint System under live MRI guidance for navigation of a laser catheter in the brain. "ClearPoint offers a stereotactic system based on MRI localization with an MRI compatible frame. My clear impression, after my first-time experience, is that the system offers superior accuracy of the stereotactic procedure as compared to our standard frame with CT localization," stated Rune Rasmussen, MD, PhD, Head of Stereotactics at Rigshospitalet. "With a small tumor target and a very challenging anatomy and vasculature, having the ability to perform this case with ClearPoint under live MRI guidance provided us with great confidence that our placement of the catheter was no less than optimal. An additional advantage is the on-site stereotactic support from very competent representatives." Procedure Utilizing ClearPoint(R) 2.0 Software in Europe
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ITGR | Hot Stocks16:18 EST Integer's Alden, N.Y., facility to expand for Xcellion Lithium battery growth - Integer Holdings announced that its Alden, N.Y., facility recently broke ground on an expansion to accommodate new equipment that will substantially increase the plant's production capacity of rechargeable Xcellion Lithium Ion batteries. With more than 50 years experience, Integer is a worldwide leader in the design, development and manufacture of custom implantable batteries. "Integer continues to make strategic investments to advance our state-of-the-art battery technology and increase capacity to support our customers' needs," said Joel Becker, president of Integer's Cardiac Rhythm Management and Neuromodulation business. "This expansion will increase battery cell production capacity related to neuromodulation and cochlear applications." The project kicked off in mid-December 2020 and will add both production equipment and a build-out of Integer's existing facility. The building expansion is projected to be completed in 2021 and will be followed by the installation and qualification of new, state-of-the-art manufacturing equipment.
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NXTC | Hot Stocks16:13 EST NextCure appoints Han Myint MD as chief medical officer - NextCure announced the appointment of Dr. Han Myint, MD, FACP as chief medical officer. Dr. Myint will oversee the clinical development of key products in NextCure's product pipeline, including NC318, a first-in-class immunomedicine, targeting Siglec-15 and NC410, recombinant LAIR-2 fusion protein designed to block immune suppression mediated by the immune modulator LAIR-1. Prior to joining NextCure, Dr. Myint held senior roles at both Celgene and NexImmune Inc. "We are very excited that Han has joined the NextCure team. We believe the depth of his expertise in oncology product development will prove instrumental in the advancement of our product pipeline," said Michael Richman, NextCure's president and chief executive officer. "Han's strong industry track record is highlighted by his involvement in the development of multiple U.S. Food and Drug approved products."
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PRCH | Hot Stocks16:12 EST Porch announces four strategic acquisitions - Porch announced four strategic acquisitions. Porch and Homeowners of America, or HOA, have executed a definitive merger agreement for Porch to acquire HOA and all related subsidiaries. The transaction, which is pending only regulatory approval, is expected to close in Q2. HOA is a managing general agent, or MGA, and insurance carrier hybrid. HOA operates in six states, including Texas, Arizona, North Carolina, South Carolina, Virginia and Georgia. The company was founded in 2006 in Texas, a $10B homeowners insurance market, and was the twelfth largest home insurer in Texas in 2019. HOA is licensed to operate in 31 states, positioning it for nationwide expansion as part of Porch. Through its vertical software platform used by more than 10,500 home service companies, Porch acquires homebuyers who need insurance for. Given Porch's unique access to property data (such as roof quality and age of major home systems), it expects to have long-term pricing advantages. V12 is a fully scaled Software-as-a-Service marketing and data platform with tools to help brands connect with and engage consumers at key purchasing decision points, such as moving. The platform leverages billions of buyer intent signals and has 330M U.S. consumer records that small-to-medium-sized businesses and enterprise brand customers use in data-driven marketing. V12's expanding customer base generates approximately 90% recurring or reoccurring revenue. Porch also announced two smaller acquisitions in PalmTech and iRoofing. PalmTech is a software company for home inspectors, historically targeted to smaller home inspectors, which complements Porch's adoption across medium and large inspection companies. Porch expects to execute its playbook by providing PalmTech the ability to help its consumers with move-related transactions such as insurance. iRoofing provides an all-in-one SaaS application for roofing contractors bundled in a monthly or annual subscription. Its software provides remote measurement and quoting, contract management and materials ordering. iRoofing currently processes more than 485,000 jobs on its platform annually. Porch expects to accelerate iRoofing's growth by providing its contractors the ability to help consumers save money on home insurance after completing their new roof installation project. Porch is acquiring HOA and V12 for a combined $122M. This includes $97M in cash and $25M in cash or equity based on Porch's share price at the time of the HOA acquisition close. This equates to a purchase price multiple of two times combined estimated 2021 HOA and V12 revenue. With these acquisitions,
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TUFN | Hot Stocks16:11 EST Tufin names Raymond Brancato as new Chief Revenue Officer - Tufin announced that Raymond Brancato has been appointed Chief Revenue Officer, reporting directly to CEO and co-founder Ruvi Kitov. Tufin's current SVP of Global Sales, Kevin Maloney, "will assist with the transition through the end of March after a tenure of five and a half years, during which time revenues tripled to over $100M."
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WTFC | Hot Stocks16:10 EST Greenwoods to acquire three branch locations of Town Bank - Wintrust Financial and Greenwoods Financial Group, the parent company of The Greenwood's State Bank announced a signed branch purchase and assumption agreement for three southwestern Wisconsin branch locations of Wintrust's wholly-owned subsidiary Town Bank. The three branches subject to the transaction are located in Albany, Darlington and Monroe, Wisconsin. Through this transaction, subject to final adjustments, Greenwoods will assume approximately $80M of deposits and acquire the bank facilities, and various other assets. "This acquisition represents an opportunity for us to expand our presence in southern Wisconsin," said Bill McDonald, CEO of Greenwoods. "We look forward to building upon the franchise that Town Bank established at these locations and continuing to provide its customers with a full array of community banking products and services." Jay C. Mack, President and CEO of Town Bank, said, "This transaction will allow us to focus our efforts on our primary markets. We feel that Greenwoods is a good buyer for these branch locations and will work hard, as we will, to ensure a smooth transition for our customers, colleagues and the local communities." The terms of the transaction are not being disclosed at this time. The transaction is subject to approval by banking regulators and certain closing conditions. The transaction is expected to close in the second quarter of 2021 and is not expected to have a material effect on Wintrust's 2021 earnings per share.
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ADC | Hot Stocks16:06 EST Agree Realty declares inaugural monthly cash dividend of 20.7c per share - The new monthly dividend reflects an annualized dividend amount of $2.484 per common share, representing a 6.2% increase over the annualized dividend amount of $2.34 per common share from the first quarter of 2020. The dividend is payable February 12 to shareholders of record at the close of business on January 29.
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MNST | Hot Stocks16:04 EST Monster Beverage announces Hilton Schlosberg as co-CEO, Thomas Kelly as CFO - Monster Beverage announced that Hilton Schlosberg was elected by the board of the company as co-CEO of the company. Schlosberg will serve as co-CEO together with Rodney Sacks, who has served as the CEO of the company since 1990. Simultaneously with the foregoing, Schlosberg resigned his positions as president, CFO, COO and secretary of the company. Sacks will continue as chairman of the board and Schlosberg will continue as vice chairman of the board. In addition, the company also announced that Thomas Kelly was elected by the board as CFO of the company, succeeding Schlosberg.
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PRCH | Hot Stocks16:02 EST Porch Group Inc (Class A Stock) trading halted, news pending
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OII | Hot Stocks16:02 EST Oceaneering unit wins contracts in excess of $225M during Q4 - Oceaneering announces that its Subsea Robotics segment won multiple contracts during the fourth quarter of 2020, with anticipated aggregate revenue in excess of $225M. These contracts are with international oil and gas operators and marine construction companies, and range in duration from several months to five years. The work scopes are primarily for remotely operated vehicle services delivered from floating drilling rigs and multi-service, subsea intervention, and construction vessels. Also included among the contracted scopes are ROV tooling, survey, positioning, and autonomous underwater vehicle services.
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TDY | Hot Stocks16:01 EST Teledyne awarded additional $18M contract for Littoral Combat Ship missiles - Teledyne Technologies announced that its subsidiary, Teledyne Brown Engineering, Inc., was awarded an $18M contract from Northrop Grumman to manufacture four additional Surface-to-Surface Missile Module units for the U.S. Navy's Littoral Combat Ship. Teledyne Brown Engineering will manufacture, assemble and test the SSMMs at the company's main facility in Huntsville, Alabama. This is Teledyne's second award to build the hardware, which initially began under contract in September 2019.
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TTD | Hot Stocks16:01 EST Trade Desk names Michelle Hulst COO - The Trade Desk announced the appointment of Michelle Hulst as Chief Operating Officer. Hulst will be responsible for global operations, data, commercial enablement, and client services around the world as the company continues to execute on its growth strategy. Hulst previously served as Executive Vice President, Global Data and Strategy at The Trade Desk. In this position, she has been instrumental in building out partnerships and capabilities across a range of The Trade Desk's initiatives, including the industry-wide Unified ID 2.0 project, which is an upgrade and alternative to third-party cookies. As COO, Hulst retains oversight of the Global Data Team at The Trade Desk and reports directly to CEO Jeff Green. "Marketers are becoming more data-driven and deliberate in everything they do, which is driving tremendous momentum and long-term opportunity for The Trade Desk. I'm thrilled that Michelle will apply her expertise and experience to all aspects of our global operations, squarely focused on helping us scale globally," said Jeff Green, Co-Founder and Chief Executive Officer, The Trade Desk. "Michelle's appointment as our new COO will enable The Trade Desk to build on its leadership position and bring the full power of data-driven advertising to the world's leading brands."
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VLDR | Hot Stocks16:00 EST Velodyne encourages government, industry collaboration to advance vehicle safety - Velodyne Lidar "commended" the U.S. Department of Transportation's National Highway Traffic Safety Administration plan to update to its New Car Assessment Program, or NCAP. "The NHTSA proposal would add four advanced driver assistance system - ADAS - capabilities to the NCAP, keeping pace with evolving safety technologies and providing much-needed information to consumers," said Velodyne, which added that it "encourages government and industry collaboration to advance vehicle safety."
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FIT | Hot Stocks15:50 EST Fitbit trading resumes
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JNJ | Hot Stocks15:44 EST Johnson & Johnson pauses all political contributions - Johnson & Johnson released the following statement on political contributions: "Johnson & Johnson strongly condemns the tragic and violent events that occurred at the United States Capitol. These actions sought to undermine the very fabric of our democracy and have led to violence and further divisiveness within our nation. As a healthcare Company with a 130-year history of innovations that improve the health of humanity, and one currently fighting to end the COVID-19 pandemic, the wellbeing of all people is our top priority. While we support balanced giving on both sides of the aisle, and do so with domestic and global health initiatives in mind, we understand that to whom our contributions are directed matters. We also know that the actions and inactions taken by those who receive these contributions matter. Johnson & Johnson has not made any federal political contributions in 2021 and has paused all political contributions while we review and evaluate our political giving policies and criteria."
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UBSFY | Hot Stocks15:07 EST Ubisoft delays 'Riders Republic' to later this year - Ubisoft said in a statement posted to Twitter that the release of its upcoming game "Riders Republic" has been delayed to later this year. "Today, we want to let you know that we have made the decision to move our release to later this year," the company said. "This additional time will allow our passionate team to deliver the best fun fueled experience to our players." Reference Link
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FST | Hot Stocks14:57 EST FAST Acquisition Corp (Class A Stock) trading resumes
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FST | Hot Stocks14:52 EST FAST Acquisition Corp (Class A Stock) trading halted, volatility trading pause
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POWW | Hot Stocks14:46 EST AMMO announces 'significant international transaction' for 7.62mm ammunition - Earlier, AMMO announced it has entered into a "significant international transaction" involving 7.62mm ammunition. Fred Wagenhals, AMMO's Chairman and CEO, said: "We have maintained focus on diversifying our business while our team works tirelessly to address the continuing significant US market ammunition demand. It is important to foster relationships overseas in the commercial, law enforcement and military markets, while we address the current US market needs - now, more than ever. The import/export markets are opening up again and we are seeing success in securing relationships which have resulted in this transaction and our reasonable expectation of many more to follow in the coming months involving our innovative suite of products."
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CBOE | Hot Stocks14:40 EST Cboe Global Markets PAC temporarily pausing all donations - Cboe Global Markets issued the following statement: "The Cboe Global Markets Political Action Committee, or PAC, is temporarily pausing all donations following the assault on the U.S. Capitol last week. Cboe believes respecting the outcome of free and fair elections is the hallmark of modern democracy and we deeply believe in the democratic principles inherent in our electoral process. We are reviewing our PAC contribution strategy to ensure it aligns with our values, which include honoring the democratic process and supporting progress on important issues in a bipartisan and collaborative manner."
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ACB | Hot Stocks14:01 EST Aurora Cannabis announces Canadian retail sales deal with Great North - Great North Distributors announced that Aurora Cannabis Inc. announced it has entered into an agreement with Great North Distributors Inc., Canada's first national sales broker for legalized adult-use cannabis. Under the agreement, Great North will be the exclusive representative for Aurora's leading portfolio of brands across the Canadian cannabis retail environment. "The agreement is designed to significantly bolster Aurora's market position in Canada. Great North brings deep experience across the spectrum of sales capabilities that will further differentiate Aurora as a leader in the growing cannabis space," said Miguel Martin, CEO, Aurora Cannabis. "We have selected Great North for their outstanding execution across regulated businesses. Combining their executional strength with Aurora's leading portfolio of brands is a recipe for success." Great North will assume responsibility for Aurora's sales execution on January 25, 2021.
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CNI... | Hot Stocks13:58 EST North American rail traffic rose 3% in the week ended January 9 - The Association of American Railroads, AAR reported U.S. rail traffic for the week ending January 9. For this week, total U.S. weekly rail traffic was 525,253 carloads and intermodal units, up 4.7% from the comparable week of 2020, which was Week 2 - ended January 11, 2020. Total carloads for the week ending January 9 were 235,404 carloads, down 1.6% compared with the comparable week in 2020, while U.S. weekly intermodal volume was 289,849 containers and trailers, up 10.4% compared to 2020.North American rail volume for the week ending January 9, on 12 reporting U.S., Canadian and Mexican railroads totaled 330,520 carloads, down 2.5% compared with the comparable week last year, and 378,856 intermodal units, up 8.3%compared with last year. Total combined weekly rail traffic in North America was 709,376 carloads and intermodal units, up 3%. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
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LQDT | Hot Stocks13:07 EST Liquidity Services to sell two high pressure reactors fabricated in 2010 - Liquidity Services in partnership with Louisiana Chemical Equipment Company, is selling two unused, high-pressure reactors fabricated in 2010 by Kobe Steel Japan, each ASME stamped. The reactors, which have been stored under nitrogen purge, will be sold through Liquidity Services' newest online auction marketplace, AllSurplus.com, and is open for bidding starting January 13, 2021. Reactors are located in Busan, South Korea. The Hydrocracker Reactors are used to produce salable products such as Jet Fuel, Diesel Fuel, Gasoline, Kerosene and Naphtha. The hydrocrackers can produce diesel fuel from plant-based oils and waste cooking oils, making them a greener solution to producing fuel. "The immediate availability of the reactors offers oil refineries the ability to shortcut lead time associated with upgrade or expansion," said Jeff Morter, director of energy for Liquidity Services. This sale will include all saddles and supports for the assets, and all available data books, drawings, and technical data related to the assets. In addition, all crates, boxes, pallets & loose items stored in the warehouse adjacent to the reactors will be sold with the assets. The warehouse items include, but are not limited to, top & bottom connection pipes, anchor bolts, anchor bolt templates and the CLG designed Reactor Internals Technology components.
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LYFT | Hot Stocks12:38 EST First Transit in to agreement with Lyft for operations of Biketown - First Transit said it entered an agreement with Lyft to provide operations for Biketown, Portland's all-electric bike share system. The partnership allows First Transit to perform field operations for Biketown's 1,500 bike share system with roughly 140 stations covering 30 square miles. Operations include battery monitoring, deployment, retrieval and general rebalancing of bike inventory. "We are thrilled to be expanding our mobility options in the Portland area and to provide affordable and convenient transportation for all," said Zach Greenberger, head of global supply management and strategic business development for Lyft. Reference Link
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IBM | Hot Stocks12:04 EST IBM to acquire Taos, terms not disclosed - IBM announced an agreement to acquire Taos, a cloud professional and managed services provider. eadquartered in San Jose, California, Taos is one of the largest multi-cloud consulting and managed services firms in North America. The company brings 30 years of experience with leading brands across technology, financial services, healthcare, retail, transportation and education. Financial details were not disclosed. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2021.
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TUFN | Hot Stocks12:00 EST Tufin falls -6.9% - Tufin is down -6.9%, or -$1.10 to $14.92.
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LABD | Hot Stocks12:00 EST Daily S&P Biotech Bear 3x Shares falls -7.0% - Daily S&P Biotech Bear 3x Shares is down -7.0%, or -$1.48 to $19.69.
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KUKE | Hot Stocks12:00 EST Kuke Music falls -11.8% - Kuke Music is down -11.8%, or -$1.20 to $8.95.
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GME | Hot Stocks12:00 EST GameStop rises 18.1% - GameStop is up 18.1%, or $5.67 to $37.08.
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DDD | Hot Stocks12:00 EST 3D Systems rises 19.6% - 3D Systems is up 19.6%, or $4.61 to $28.11.
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MAXR | Hot Stocks12:00 EST Maxar Technologies rises 27.9% - Maxar Technologies is up 27.9%, or $10.84 to $49.76.
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CVX | Hot Stocks11:33 EST Chevron invests in carbon capture and utilization startup Blue Planet - Chevron announced a Series C investment in Blue Planet Systems Corporation, a startup that manufactures and develops carbonate aggregates and carbon capture technology intended to reduce the carbon intensity of industrial operations. "Carbon capture, utilization, and storage, or CCUS, is viewed to be essential to advancing progress toward the global net zero ambition of the Paris Agreement. This investment is made through our Future Energy Fund which focuses on startups with lower-carbon technologies that can scale commercially, and we welcome Blue Planet to this portfolio," said Barbara Burger, VP of innovation and president of Technology Ventures at Chevron.
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SNOW | Hot Stocks11:14 EST Snowflake announces partnership with Saturn Cloud for '100x faster' data science - Snowflake Computing and Saturn Cloud have announced a strategic alliance and integration of products to "usher in the highest-speed tooling for data science and machine learning teams." The companies said: "Joint customers of the companies choose the solution because of the ease-of-use of Python and to achieve 100x faster performance over serial Python and Apache Spark. Recently, Saturn Cloud published a random forest benchmark that achieved 2000x faster runtime over traditional tooling. Since launching in 2020, Saturn Cloud has seen over 200,000 hours of compute."
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DAL | Hot Stocks11:14 EST Delta Air Lines doesn't see Covid-19 testing on domestic flights
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AAL | Hot Stocks11:11 EST American Air 'first' to introduce health passport for all inbound U.S. travelers - American Airlines announced it is "the first U.S. airline to introduce an easy way to provide results from a negative coronavirus test and other completed documents required for international travel into the United States." The company said: "The VeriFLY app, a mobile health passport that helps customers understand and verify their travel requirements, will be available for travelers starting Saturday, Jan. 23, for travel from all international destinations. American is expanding access to the app in support of the U.S. government's requirement that all passengers 2 years of age and older traveling to the United States from any international location test negative for COVID-19 within three calendar days of departure." Reference Link
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DAL | Hot Stocks10:34 EST Delta Air Lines 'generating a meaningful premium' with blocked middle seats
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DAL | Hot Stocks10:25 EST Delta Air Lines sees 34 aircraft deliveries in 2021, total CapEx of $1.3B
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DAL | Hot Stocks10:19 EST Delta Air Lines sees sustained travel recovery starting in 2H21
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DAL | Hot Stocks10:16 EST Delta: Boston, New York hubs 'still some of the weakest points in our network' - Says demand at these hubs have only recovered to 20%-25% of pre-Covid levels.
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DAL | Hot Stocks10:10 EST Delta Air Lines: Near-term demand path 'murky'
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DAL | Hot Stocks10:09 EST Delta sees breakeven cash burn this spring, profitability by summer
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DAL | Hot Stocks10:08 EST Delta Air Lines sees inflection point this spring
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DAL | Hot Stocks10:08 EST Delta sees Q1 revenue about 35%-40% of revenues last year, consensus $4.46B - Comments taken from Q4 earnings conference call.
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KFS | Hot Stocks10:00 EST Kingsway Financial falls -4.9% - Kingsway Financial is down -4.9%, or -24c to $4.65.
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KUKE | Hot Stocks10:00 EST Kuke Music falls -6.5% - Kuke Music is down -6.5%, or -66c to $9.49.
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MSC | Hot Stocks10:00 EST Studio City falls -9.8% - Studio City is down -9.8%, or -$1.36 to $12.55.
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MAXR | Hot Stocks10:00 EST Maxar Technologies rises 14.3% - Maxar Technologies is up 14.3%, or $5.57 to $44.49.
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SPCE | Hot Stocks10:00 EST Virgin Galactic rises 15.2% - Virgin Galactic is up 15.2%, or $4.18 to $31.74.
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SOS | Hot Stocks10:00 EST SOS Limited rises 32.2% - SOS Limited is up 32.2%, or 75c to $3.08.
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JWN | Hot Stocks09:47 EST Nordstrom falls -3.6% - Nordstrom is down -3.6%, or -$1.37 to $36.21.
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TDOC | Hot Stocks09:47 EST Teladoc falls -3.7% - Teladoc is down -3.7%, or -$8.66 to $223.13.
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LMND | Hot Stocks09:47 EST Lemonade falls -4.9% - Lemonade is down -4.9%, or -$8.70 to $167.94.
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NGA | Hot Stocks09:47 EST Northern Genesis Acquisition rises 13.2% - Northern Genesis Acquisition is up 13.2%, or $3.88 to $33.25.
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MAXR | Hot Stocks09:47 EST Maxar Technologies rises 16.0% - Maxar Technologies is up 16.0%, or $6.23 to $45.15.
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GME | Hot Stocks09:47 EST GameStop rises 21.0% - GameStop is up 21.0%, or $6.60 to $38.00.
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YUM BYND | Hot Stocks09:46 EST Taco Bell exploring new plant-based protein with Beyond Meat - Yum!'s (YUM) Taco Bell is kicking the year off with the return of potatoes and exploring a new plant-based protein with Beyond Meat (BYND). Taco Bell said in a statement: "After a brief hiatus from menus due to Taco Bell's menu simplification efforts last year, Cheesy Fiesta Potatoes and the Spicy Potato Soft Taco will be back starting March 11. Taco Bell is also teaming up with Beyond Meat to create an innovative new plant-based protein that will be tested in the next year. Taco Bell chose to team up with Beyond Meat as a category leader with a proven track record of attracting younger customers with its irresistibly delicious plant-based offerings. Although Taco Bell has long been a destination for vegetarians, this will be the brand's first foray into plant-based meat in the U.S." Reference Link
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QS VWAGY | Hot Stocks09:44 EST QuantumScape names Jens Wiese to board, filling second Volkswagen seat - QuantumScape Corporation (QS) announced its board of directors has approved the nomination of Jens Wiese, Head of Volkswagen Group (VWAGY) M&A, Investment Advisory, and Partnerships to the board of directors. Wiese will take the second board seat allocated to Volkswagen as part of the company's Series F financing earlier in the year. Volkswagen's first board seat is held by Dr. Frank Blome, Head of the Volkswagen Group Battery Center of Excellence. "We are delighted to have Jens officially serve in the role of director," said Jagdeep Singh, CEO of QuantumScape. "We have worked with Jens very successfully over many years and know he will be a superb addition to the board of directors, complementing Frank Blome's deep understanding of battery technology and manufacturing, and further cementing the already great relationship we have with Volkswagen."
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CSCO ACIA | Hot Stocks09:30 EST Cisco to acquire Acacia Communications for $115.00 per share in cash - Cisco (CSCO) and Acacia Communications (ACIA) announced an amendment to the definitive merger agreement under which Cisco previously agreed to acquire Acacia. Under the terms of the amended agreement, Cisco would acquire Acacia for $115 per share in cash, or for approximately $4.5B on a fully diluted basis, net of cash and marketable securities. Cisco and Acacia expect to complete the acquisition by the end of the first calendar quarter of 2021, subject to closing conditions, including Acacia stockholder approval. Upon completion of the acquisition, CEO Raj Shanmugaraj and Acacia employees will join Cisco's Optics business.
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CSCO ACIA | Hot Stocks09:28 EST Cisco to acquire Acacia Communications for $115.00 per share in cash
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CARE | Hot Stocks09:22 EST Carter Bank & Trust enters agreement with Pendleton Community Bank - Carter Bankshares and Pendleton Community Bank announced that they have entered into an agreement regarding the sale of three Carter Bank & Trust branches in Staunton, Harrisonburg, and Bridgewater to Pendleton Community Ban. The three branches will extend Pendleton Community Bank's footprint to a total of five branches in Virginia's Shenandoah Valley, along with eight branches serving West Virginia.
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FIT... | Hot Stocks09:22 EST Google completes acquisition of Fitbit, commits to protect users' privacy - Rick Osterloh, Google's Senior Vice President, Devices & Services, announced in a blog post: "Today, I'm excited to announce that Google has completed its acquisition of Fitbit and I want to personally welcome this talented team to Google... This deal has always been about devices, not data, and we've been clear since the beginning that we will protect Fitbit users' privacy. We worked with global regulators on an approach which safeguards consumers' privacy expectations, including a series of binding commitments that confirm Fitbit users' health and wellness data won't be used for Google ads and this data will be separated from other Google ads data. We'll also maintain access to Android APIs that enable devices like fitness trackers and smart watches to interoperate with Android smartphones, and we'll continue to allow Fitbit users to choose to connect to third-party services so you'll still be able to sync your favorite health and fitness apps to your Fitbit account. These commitments will be implemented globally so that all consumers can benefit from them. We'll also continue to work with regulators around the world so that they can be assured that we are living up to these commitments. Together, we can make health and wellness more accessible to more people. We're confident the combination of Fitbit's leading technology, product expertise and health and wellness innovation with the best of Google's AI, software and hardware will drive more competition in wearables and make the next generation of devices better and more affordable." Reference Link
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ACIA CSCO | Hot Stocks09:19 EST Acacia jumps 31% to $113.30 after CNBC says Cisco buying for $115 per share
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AMPE | Hot Stocks09:18 EST Ampio says ongoing Phase I trial of AP-014 is 55% enrolled - Ampio Pharmaceuticals announced its ongoing U.S. Phase I clinical trial for inhalation treatment of COVID-19 with Ampion (AP-014) is 55% enrolled. "We've received amazing feedback from healthcare providers about the improvement seen in patients receiving inhaled Ampion," said Mike Macaluso, CEO of Ampio Pharmaceuticals. "We continue to remain very optimistic at the early, anecdotal evidence regarding the clinical effectiveness of inhaled Ampion in COVID-19 patients, and eagerly await the full results of this trial."
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SRNA | Hot Stocks09:18 EST Surna signs $3.2M sales contract - Surna announced that it recently signed a sales contract valued at $3.2M. The project in Arizona is for an approximately 53,000 square feet facility. Surna is under contract to provide custom air handlers, heat recovery chillers, and its StrataAir vertical racking air flow system, for the cultivation, processing, drying and office spaces. Surna will also provide its SentryIQ environmental controls, and system start-up.
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ZYXI | Hot Stocks09:16 EST Zynex announces filing of patent for noninvasive sepsis monitor - Zynex reported it has filed for a provisional patent for a noninvasive sepsis monitor.
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ABT... | Hot Stocks09:13 EST Abbott launches NeuroSphere myPath digital health app - Abbott (ABT) announced the upcoming launch of NeuroSphere myPath, a digital health app designed to track and report on patient perceived pain relief and general well-being associated with spinal cord stimulation or dorsal root ganglion therapy. During the device trial period required before the permanent implant, the app allows patients to record their outcomes on pain and well-being while trialing their neurostimulation therapy. Abbott's NeuroSphere myPath is a digital innovation that will provide relief to the millions of Americans currently living with chronic pain that are eligible for SCS or DRG therapy. This new digital health app will allow patients to use their Apple (AAPL) mobile device to connect with Abbott support, access educational resources and track the progress of their trial pain relief journey. The NeuroSphere myPath will be available on the Apple App Store in the coming weeks and is expected to be available on Android devices in Q2.
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TD WFC | Hot Stocks09:12 EST TD Bank Group to acquire Wells Fargo's Canadian Direct Equipment Finance unit - The Toronto-Dominion Bank (TD) and Wells Fargo & Company (WFC) announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo's Canadian Direct Equipment Finance business. With approximately C$1.5B in assets and over 120 employees, Wells Fargo's Canadian Direct Equipment Finance business provides loans and leases covering a full range of commercial equipment for businesses across Canada. TD's purchase of Wells Fargo Canadian Direct Equipment Finance business is expected to close in the first half of 2021, subject to receipt of regulatory and Competition Act approvals and clearance, and satisfaction of other customary closing conditions.
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VIAC DISH | Hot Stocks09:12 EST ViacomCBS delivers 1st time broadcast inventory enabled via MVPD set-top box - ViacomCBS (VIAC), and DISH Media (DISH) announced a significant industry breakthrough by delivering the first-ever addressable impressions within a live national broadcast via MVPD set-top box. Addressable ad replacement was successfully executed on a select number of live campaigns across DISH's 9MM household footprint in certain CBS-owned-and-operated markets, marking a major technical advancement in broadcast television. Adcuratio powered the activation with its groundbreaking signaling solution, developed in partnership with ViacomCBS and DISH, which enables broadcast addressability across MVPD households that seamlessly integrates with programmer and distributor infrastructure and signaling processes. Marks the First Time Broadcast Inventory is Enabled via MVPD Set-Top Box
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CERN | Hot Stocks09:10 EST Cerner to provide EHR to 12 behavioral health facilities across Virginia - Cerner Corporation announced it will provide its electronic health record to 12 behavioral health facilities across the Commonwealth of Virginia. This approach eases sharing of patient health records across all facilities within the Virginia Department of Behavioral Health and Developmental Services, which provides behavioral health and developmental disability resources to the state's residents.
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IEA | Hot Stocks09:09 EST Silicon Ranch selects Infrastructure and Energy Alternatives for solar project - Infrastructure and Energy Alternatives announced that the Company has been awarded a 100-megawatt solar contract to construct the Lumpkin Solar Farm in Stewart County, Georgia. Silicon Ranch Corporation, based in Nashville, Tennessee and one of the nation's largest independent solar power producers, awarded the engineering, procurement and construction contract to IEA Constructors, a subsidiary of IEA that manages utility-scale energy and heavy civil infrastructure projects. To construct the facility, IEA will hire approximately 300 craft workers, the majority of whom will be recruited from the local labor pool in Georgia.
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GRUB | Hot Stocks09:08 EST GrubHub names Devry Boughner Vorwerk as Chief Corporate Affairs Officer - Grubhub announced that Devry Boughner Vorwerk will be joining the company as chief corporate affairs officer, effective Jan. 19. Vorwerk will oversee brand, communications, government relations, public policy and sustainability for the company. Most recently, Vorwerk served as CEO of DevryBV Sustainable Strategies and previously as chief communications officer and head of global corporate affairs for Cargill.
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NOK | Hot Stocks09:07 EST Nokia selected for U.S. Federal 5G Cybersecurity Project - Nokia announced it has been selected as a technology provider and collaborator by the National Cybersecurity Center of Excellence 5G Cybersecurity Project. Nokia will work with NCCoE and other key vendors, including members from government and industry to ensure the transition from 4G to 5G networks is secure. Nokia was selected by NCCoE to participate in the project due to its global success in 5G networks - including hardware and software, and mobile network security and 5G RAN expertise - to help refine a reference design and build use cases on standards-based solutions. The 5G Cybersecurity Project will identify a number of 5G use cases and demonstrate how the components of the 5G architecture can provide security capabilities to mitigate identified risks and meet industry sectors' compliance requirements. The scope of this project is to leverage the 5G standardized security features which are defined in 3GPP standards to provide enhanced cybersecurity capabilities built into network equipment and end user devices.
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SGPYY | Hot Stocks09:05 EST Sage Group says AgeMark moves to Sage Intacct solution - Sage announced that Agemark turned to the Sage Intacct financial management solution for comprehensive visibility into business performance. By upgrading from on-premises Sage 50 software and optimizing its use of Sage Intacct, the organization adopted mature, standardized financial practices. This allowed Agemark to only grow finance headcount 20 percent even as its network grew exponentially from 10 to 25 assisted living and memory care communities across six states.
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TRUE | Hot Stocks09:05 EST TrueCar forecasts 16M new vehicle sales for 2021 - TrueCar projects 16M new light vehicle sales for 2021, an increase of 10% from the previous year. Retail sales are expected to reach 13.9M, an increase of 9.6% from 2020. Q4 2020 saw record-breaking average transaction prices for new vehicles, as incentives eased and consumers opted for more expensive SUVs and trucks. The trend towards more expensive vehicles continues in 2021. Average transaction prices are projected to increase 3.1% year over year to $37,925. In previous years, the average transaction increased roughly 4% year over year.
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BAESY | Hot Stocks09:04 EST BAE Systems signs $500M Dutch DMO mid-life upgrade contract - BAE Systems has signed a mid-life upgrade contract worth more than $500M with the Dutch Defence Materiel Organization, or DMO, for the Royal Netherlands Army's fleet of 122 CV90s, with an option for an additional 19 vehicles. The upgrade program with a new turret will vastly improve the vehicle's capabilities while providing crews with improved protection and ergonomics for increased combat efficiency. The new CV90 turret, developed by BAE Systems Hagglunds in Ornskoldsvik, Sweden, represents a leap forward in design and functionality. The main weapon position is changed to provide even better vehicle balance and enable new ways to introduce a variety of weaponry for increased lethality. It also offers significant ergonomic improvements to benefit the vehicle's crew.
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WDAY | Hot Stocks09:04 EST Workday launches COVID-19 vaccine management solution - Workday announced a vaccine management solution that provides leaders with the insights needed to help ensure the health and safety of remote and on-site workers. As the core HR system for some of the world's largest organizations, Workday offers a unique ability to combine real-time HR data with immunization information, providing customers with the knowledge needed to successfully navigate through the challenges of COVID-19. With a customer community representing more than 45 million workers, Workday is supporting global organizations as they manage their people and finances throughout the pandemic. The vaccine management solution expands on the Workday Return to Workplace offering and helps enable organizations to securely access worker immunization insight, plan return to workplace scenarios, support worker well-being, and establish new operating models to adapt as vaccines become available. In addition, Workday offers customers configurability to control and securely manage the data and protect their employees' privacy.
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AYX SNOW | Hot Stocks09:03 EST Alteryx announces partnership with Snowflake - Alteryx (AYX) announced a partnership with Snowflake (SNOW) that further integrates Alteryx analytics automation and data science capabilities with Snowflake's platform. The combination provides customers with automated data pipelining, faster data processing and speeds analytics outcomes at scale. Alteryx and Snowflake are used by customers globally with increasing demand. This integrated offering allows Alteryx's market-leading data prep, analytics and no-code, low-code data science capabilities to leverage Snowflake's compute, elastic scaling and secure data sharing capabilities. Additionally, the new offering is supported with a 30-day free trial that enables a single, seamless user experience that automates connectivity to Snowflake and executes Alteryx's automated data transformation capabilities and more within Snowflake. As part of this announcement, Alteryx is now recognized as a Premier Partner within the Snowflake Partner Program and Snowflake is recognized as an Alteryx Featured Select Partner.
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FLURF | Hot Stocks09:02 EST FluroTech appoints PandiaDx as regulatory consultant - FluroTech announced it has retained PandiaDx for regulatory guidance and services in preparation of its regulatory submissions to the U.S. Food and Drug Administration.
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MBII | Hot Stocks09:00 EST Marrone Bio receives approval for Grandevo WDG Bioinsecticide in NZ, Chile - Marrone Bio Innovations announced that it recently received approval for Grandevo WDG Bioinsecticide for use in New Zealand and Chile. Grandevo WDG and Grandevo CG have also been approved for use on hemp by the U.S. Environmental Protection Agency. In New Zealand, Grandevo WDG will be sold by Nufarm as BioGro and is approved for controlling mealybug on New Zealand's famous wine grape crop. BioGro is registered and approved by Sustainable Winegrowing NZ, a world-leading sustainability program for growing wine grapes, and is allowed for use on both organic and conventional grape-growing systems from pre-flowering to bunch closure. Additional crops and pests are expected for approval in the coming year.
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MKGI | Hot Stocks08:58 EST Monaker Group files proxy statement to seek HotPlay transactions approval - Monaker Group reported that on January 13, 2021, the company filed its initial preliminary proxy statement on Schedule 14A, with the Securities and Exchange Commission. The proxy statement includes a proposal seeking, among other things, shareholder approval for the company's previously announced acquisition of HotPlay Enterprise Limited. The initial filing is an important step in the process towards completing the acquisition of HotPlay, and the company anticipates that it may take several amendments to the proxy statement in order for the company to clear SEC comments on such proxy statement in order to finalize the form of proxy statement, mail such proxy statement, and ultimately seek shareholder approval.
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BLK | Hot Stocks08:58 EST BlackRock to make an investment in Clarity AI
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SLS | Hot Stocks08:57 EST Sellas Life Sciences announces 2020 highlights, 2021 milestones for NPS - Nelipepimut-S: In December 2020, the Company announced positive final data with up to 6 months follow-up from the randomized Phase 2 trial of NPS in combination with granulocyte-macrophage colony-stimulating factor in women with ductal carcinoma in-situ of the breast who are HLA-A2+ or A3+ positive, express HER2 at IHC 1+, 2+, or 3+ levels, and are pre- or post-menopausal. This IST randomized patients to receive, prior to surgery, either GM-CSF followed by NPS two weeks later or GM-CSF alone. Preliminary data previously reported showed that treatment with even a single dose of NPS was capable of newly inducing NPS-specific cytotoxic T-lymphocytes in peripheral blood in DCIS patients. The updated data, based on a 6-month follow-up, demonstrate that CD8+ T-cell responses persist long-term post-NPS treatment, with treated patients retaining and modestly enhancing their antigen-specific immune response. When compared to baseline, i.e., prior to investigational agent administration, the relative frequency of NPS-specific CD8 CTLs as a percentage in peripheral blood at the 1-month and 6-month post-operative time-points increased in the NPS+GM-CSF group by 11- and 14-fold: 0.01+0.02% vs. 0.11+0.12% and 0.14+0.12%, respectively, while in the GM-CSF alone group the NPS-CLT% in peripheral blood increased by only 2.25- and 3.75-fold: 0.04+0.07% vs. 0.09+0.15% and 0.15+0.03%, respectively. For the NPS+GM-CSF group, the differences in absolute NPS-CTL% mean values between baseline and 1- or 6-months post-vaccination were statistically significant, with p-values of 0.039 and 0.0125, respectively. The relative change in NPS-CTL% mean values at 6 months post-vaccination was +1,300+450% for the NPS+GM-CSF group vs. 250+150% in the GM-CSF alone group, which was highly statistically significant in favor of the NPS+GM-CSF group: p=0.000094. These data were presented at the San Antonio Breast Cancer Symposium on December 11, 2020.
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BLK | Hot Stocks08:57 EST BlackRock sees 2021 as-adjusted operating margin generally in line with 2020
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SLS | Hot Stocks08:56 EST Sellas Life Sciences announces 2020 highlights, 2021 milestones for GPS - Galinpepimut-S: In December 2020, the Company announced initial clinical data for GPS in combination with checkpoint inhibitors in two solid tumor indications in patients with advanced solid cancers who had exhausted their standard therapy options. In the Company's Phase 1/2 open-label study of GPS in combination with Merck's anti-PD-1 therapy pembrolizumab in patients with selected advanced Wilms Tumor 1 positive cancers, the first set of evaluable patients diagnosed with 2nd or 3rd line WT1 relapsed or refractory metastatic ovarian cancer demonstrated a disease control rate of 87.5% with a median follow-up of 9.4 weeks and, at the first assessment time-point of 6 weeks post-therapy initiation, 100% of the patients were free of disease progression. In the Company's Phase 1 investigator-sponsored clinical trial of GPS in combination with the checkpoint inhibitor nivolumab in patients with macroscopic measurable deposits of malignant pleural mesothelioma who were either refractory to or relapsed after frontline tri-modality standard therapy, the first set of evaluable patients had a median progression free survival of at least 10 weeks since therapy initiation. Updated data on both studies are expected in first half of 2021. In December 2020, the Company announced that it had entered into an exclusive license agreement with 3D Medicines Inc., a China-based biopharmaceutical company developing next-generation immuno-oncology drugs, for the development and commercialization of GPS, as well as the Company's next generation heptavalent immunotherapeutic GPS+, which is at preclinical stage, across all therapeutic and diagnostic uses in the Greater China territory. SELLAS retains sole rights to GPS and GPS+ outside of the Greater China area. Potential payments to SELLAS under the agreement in licensing fees and milestone payments, not including potential future royalties, could total $202 million, including an upfront license fee of $7.5 million paid in December 2020. In September 2020, SELLAS announced that it received approval of its Investigational Medicinal Product Dossier from the French regulatory authority, Agence Nationale de Securite du Medicament et des Produits de Sante, to advance in France its pivotal Phase 3 REGAL study of GPS in AML CR2 patients. The Company has subsequently received IMPD approval from the German health authorities and expects approvals from additional European health authorities in early 2021 which will allow SELLAS to expand AML patient enrollment for the pivotal Phase 3 REGAL study of GPS in Europe. In the spring of 2020, the Company established an Independent Data Monitoring Committee of leading clinical and biostatistics experts to review and evaluate patient safety and efficacy data for the Phase 3 REGAL trial and also appointed a Steering Committee of leading AML experts for the study. The DMC is responsible for reviewing and evaluating patient safety and efficacy data and will review study data at regular intervals in order to ensure the safety of all patients enrolled in the study. The Steering Committee will provide scientific oversight and guidance of the practical aspects of the study and will make recommendations regarding the monitoring of the study in consultation with the DMC. In February 2020, the Company announced positive final follow-up data from its Phase 2 clinical trial of GPS in AML CR2 patients. The final data showed a median overall survival of 21.0 months, at a median follow-up of 30.8 months, in patients receiving GPS therapy compared to 5.4 months in the AML CR2 patients treated with best standard care, a statistically significant difference. Final analysis showed that GPS therapy continued to be well-tolerated throughout the study. The Company previously reported initial data from this Phase 1/2 study at a median follow-up of 19.3 months, showing median OS in GPS-treated patients of 16.3 months vs. 5.4 months in a patient cohort contemporaneously treated with best standard therapy.
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BLK | Hot Stocks08:54 EST BlackRock planning for possibility of lower securities lending revenue in 2021 - The company is planning for the possibility of lower securities lending revenue in 2021 vs. 2020 and higher discretionary money market fee waivers vs. last year. Comments taken from Q4 earnings conference call.
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SLS | Hot Stocks08:54 EST Sellas Life Sciences reports $35.3M in cash, cash equivalents as of Dec. 31 - "2020 was a transformative year for SELLAS as we commenced the pivotal Phase 3 REGAL study of GPS in patients with AML who have achieved complete remission after second-line anti-leukemic therapy in the United States and Europe and also announced important clinical data in the same patient cohort from our completed Phase 2 study showing a median overall survival of 21 months vs. 5.4 months in favor of patients who received GPS, with a p-value of 0.02. We are also intrigued by the recently announced initial data from two studies of GPS in combination with checkpoint inhibitors in ovarian and malignant pleural mesothelioma indications, and we look forward to providing further data from these studies in the first half of 2021. We were also pleased to present last month at the 2020 San Antonio Breast Cancer Symposium positive final data with up to 6 months follow-up from the randomized Phase 2 trial of nelipepimut-S in combination with granulocyte-macrophage colony-stimulating factor in women with ductal carcinoma in-situ of the breast showing immune stimulation augmented by +1,300% at 6-months post-NPS treatment and a statistically significant difference of duration of immune response of NPS vs. control with a p-value of 0.000094," stated Angelos Stergiou, MD, ScD h.c, President and CEO of SELLAS. "Additionally, we began preparations for the commercialization of GPS, assuming we achieve positive data from the REGAL study, with a collaboration with 3D Medicines Inc. for the development and commercialization of GPS in Greater China which we announced at the end of 2020. This licensing transaction with 3D Medicines for GPS has been ranked by PharmaCube, a leading Chinese database, as one of the top ten life sciences licensing transactions in China in 2020 in terms of the total financial consideration. Importantly, we strengthened our balance sheet in 2020 with gross proceeds of approximately $47.9 million from the sale of securities, exercise of warrants, and the upfront payment from 3D Medicines and we ended the year with approximately $35.3 million in cash and cash equivalents. The proceeds from these transactions will significantly support the GPS clinical programs."
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IMAC | Hot Stocks08:52 EST IMAC acquires assets of NCH Chiropractic, terms not disclosed - IMAC Holdings announces it has executed a definitive agreement to acquire assets of NCH Chiropractic, PLLC dba Synergy Healthcare in Orlando, Florida. The acquisition expands the Company's presence to central Florida, adding Orlando to its Chiropractic Health of Southwest Florida, Inc, Bonita Springs clinic which it acquired in January 2020. Synergy Healthcare opened and operates in eastern Orlando and has demonstrated consistent profitability for ten years. IMAC anticipates implementing its regenerative rehabilitation offerings, including its patient wellness subscriptions to the clinic's established services during the first half of 2021. The purchase price of Synergy Healthcare represents 1.4 times 2020 adjusted cashflow. IMAC is scheduled to complete the cash transaction on February 28, 2021.
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JBL | Hot Stocks08:51 EST Jabil expands CPG customer offerings with acquisition of Ecologic Brands - Jabil announced the acquisition of Ecologic Brands, a lprovider of sustainable packaging specializing in paper bottle and paper-based packaging solutions. Ecologic's Manteca, California-based operation will join the Jabil Packaging Solutions division, significantly enhancing Jabil's sustainable packaging platform and offerings for consumer packaged goods,CPG, customers.
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CVLY | Hot Stocks08:51 EST Codorus Valley Bancorp board approves $5M share repurchase program - Codorus Valley Bancorp announced that its Board of Directors had approved a new treasury stock repurchase program. Under the newly approved stock repurchase program, the Corporation is authorized to repurchase up to $5M of the Corporation's issued and outstanding common stock. As permitted by securities laws and other legal requirements and subject to market conditions and other factors, purchases under the program may be made from time to time in the open market at prevailing prices, or through privately negotiated transactions. The Board of Directors' January 12, 2021 authorization provides that: the new treasury stock repurchase program shall be effective when publicly announced and shall continue thereafter until the earlier of the date an aggregate of $5M of common stock has been repurchased or January 31, 2022, or until suspended or terminated by the Board of Directors, in its sole discretion; and all shares of common stock repurchased pursuant to the new program shall be held as treasury shares and be available for use and reissuance for purposes as and when determined by the Board of Directors including, without limitation, pursuant to the Company's Dividend Reinvestment and Stock Purchase Plan and its equity compensation program.
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POAI | Hot Stocks08:50 EST Predictive Oncology's TumorGensis sells media to research medical centers - Predictive Oncology announced that its wholly owned subsidiary TumorGenesis, Inc. in the last quarter has sold media to two top research medical centers, one in New York City and the other in Boston, Massachusetts. Both the New York City and the Boston orders are repeat orders and are focused on culturing ovarian cancer cells with specific research goals. One additional order came from a private company doing research on ovarian cancer.
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TOL | Hot Stocks08:49 EST Toll Brothers, Harrison Street form JV to develop student housing community - Toll Brothers and Harrison Street announced the formation of a new joint venture to develop Canvas, a 263-unit, 826-bed luxury student housing community adjacent to Arizona State University in Tempe, AZ. The joint venture is excited to partner with Subtext, a real estate development company creating innovative solutions for students and young professionals to live, thrive, and connect. Toll Brothers Campus Living will manage the development, construction and marketing, and perform asset management. Cardinal Group Management will act as the leasing and property manager. The joint venture has secured a construction loan facility from MidFirst Bank, as Administrative Agent, Fifth Third Bank, National Association, and Trustmark Bank. The debt and equity financing were arranged by Toll Brothers' in-house Finance Department. TSB Capital Advisors served as advisor to Toll Brothers.
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DSS | Hot Stocks08:48 EST Impact Biomedical receives notice of allowance for 3F Biofragrance patent - Document Security Systems announced its wholly owned subsidiary Impact BioMedical received notice of allowance from the U.S. Patent and Trademark Office for a patent for its proprietary 3F Biofragrance. 3F Biofragrance is a unique formulation of specialized ingredients from botanical sources with demonstrated effect as an insect repellent and an antimicrobial. The latest patent allowance provides intellectual property protection for the method of use of 3F Biofragrance as an insect repellent. 3F Biofragrance repellent contains botanical ingredients that mosquitoes avoid. These ingredients are scientifically proven to affect the mosquito's receptors, essentially making the insect blind to a human's presence. This can be utilized as a stand-alone repellent or as an additive in detergents, lotions, shampoo, and other substances to provide mosquito protection.
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PDSB | Hot Stocks08:47 EST PDS Biotechnology releases white paper on Versamune platform - PDS Biotechnology released a white paper detailing how the Versamune platform works to treat cancer, and the potential of Versamune(R)in the treatment of a broad range of cancers. Cancer immunotherapy is a form of cancer treatment that utilizes the power of the body's own immune system to recognize, attack and eliminate cancer. The goal of cancer immunotherapy is tumor eradication and regression or, at least, disease stabilization. Cancer immunotherapies have significant potential to treat a broad range of cancers, and multiple agents have been approved by the FDA to treat a wide range of cancers at various stages. Though progress has been made in developing new anti-cancer immunotherapeutic technologies and products, significant challenges limiting their clinical effectiveness and safety remain. There are well recognized hurdles impeding the ability of immunotherapy to harness the body's immune system most effectively. For example, approved checkpoint inhibitors have resulted in effective, durable responses. Unfortunately, the rates of response reported are only in the range of 15-20% and are most likely to occur in patients with evidence of a pre-existing immune response to their tumor. Furthermore, immune therapies, including checkpoint inhibitors, CAR-Ts and live-vector vaccines, may cause significant systemic toxicities limiting their use either in the early-stage cancer setting or in combination with other approved anti-cancer treatments. A significant challenge in the development of an effective cancer immunotherapy is creating a simple and easy to administer therapy that can promote the induction of highly potent, targeted, tumor-specific CD8+ killer and CD4+ helper T-cells within patients, that will effectively treat their cancer with minimal side effects. There is scientific consensus that induction of an adequate number and potency of tumor-recognizing T-cells is necessary for effective immunotherapy. However, suboptimal T-cell activation remains a key limitation of many immunotherapies. In two recent peer reviewed articles in the Journal of Immunology and the Journal for Immunotherapy of Cancer, Versamune-based immunotherapies were shown to induce superior quantity and quality of tumor-recognizing killer T-cells in-vivo. This resulted in superior preclinical anti-tumor efficacy. Versamune's ability to be combined with specific proteins found primarily on the tumor cells and its ability to induce an effective anti-tumor immune response specific to the protein and cancer, offers opportunities to treat a variety of cancers. Further, its diverse mechanisms of action and favorable safety profile suggest therapeutic promise when used alone in the single-agent monotherapy setting or when used in combination with standard of care therapies such as checkpoint inhibitors as well as chemo and radiation therapy to enhance the efficacy of treatment. The current PDS Biotech pipeline of Versamune-based therapies focuses on four key antigens associated with a broad variety of solid tumors that remain challenging to treat.
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TDAC | Hot Stocks08:45 EST Lottery.com expands services to Colorado - Lottery.com announced that Colorado is the latest state for its web and mobile users to play their favorite lottery games online. Lottery.com continues to expand its services across the U.S., allowing users to play from the comfort of their own homes as lotto fever kicks in. The Mega Millions jackpot is at an estimated $625M, which is the 8th largest in jackpot history, and Powerball is at estimated $550M. This is an opportune time for the Company to expand into Colorado, as this is the third time in the history of both games to have simultaneous jackpots over $400M. On November 19, 2020, Lottery.com announced a binding letter of intent to combine with Trident Acquisitions Corp., which would make Lottery.com a publicly traded company on The Nasdaq Stock Market.
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POWW | Hot Stocks08:42 EST AMMO to repurchase 1M shares for $1.5M - AMMO announced that its Board of Directors has authorized the Company to enter into an agreement to repurchase 1 million shares of its common stock for $1.5M. AMMO has exercised an existing contract right with Jagemann Stamping Company to repurchase 1 million shares of the Company's common stock for $1.5M which represents approximately 2% of the Company's outstanding common shares. The Company will promptly retire the Shares upon consummation of the transaction.
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WPP | Hot Stocks08:41 EST WPP appoints Rob Reilly as global chief creative officer - WPP announced the appointment of Rob Reilly as global chief creative officer. Reilly, who is currently global creative chairman of McCann Worldgroup, will join WPP in May, reporting to CEO Mark Read. In partnership with Read, and the CEOs and chief creative officers of WPP's agencies, Reilly will champion creativity within and beyond the company. He is also tasked with attracting and nurturing the best creative talent, driving inclusion and diversity in creative work and teams, and working with technology partners to fuel the creativity needed for their platforms.
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WDDMF | Hot Stocks08:41 EST WeedMD expands Color Cannabis brand into Quebec - WeedMD announced the expansion of its adult-use brand Color Cannabis into the province of Quebec. WeedMD entered into a sales, marketing and distribution agreement with Quebec-based cultivator ROSE LifeScience to bring the Company's adult-use products to consumers in Quebec through the Societe quebecoise du cannabis commencing in early 2021. In addition to Quebec, WeedMD's cannabis products are available in Ontario, Nova Scotia, Alberta, British Columbia, Manitoba and Saskatchewan, with more provinces expected to be added in 2021.
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TNYBF | Hot Stocks08:39 EST Tinley partners with MARS Distribution to enhance supply chain solutions - The Tinley Beverage Company announced that it has entered into an agreement with MARS Distro, a subsidiary of Headquarters, to create comprehensive supply chain solutions for its co-packing clients in California. The combination of Tinley's state of the art cannabis beverage manufacturing facility with Mars HQ's robust sales and logistics services enables a best-in-class solution for formulation, manufacturing, sales, warehousing, last-mile logistics and other operational challenges commonly faced by cannabis beverage companies in the state. Further, Mars HQ has taken delivery of 25 pallets of Tinley's products, including the Company's next-generation, ready-to-drink "Tinley's Tonics" carbonated products.
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GVA | Hot Stocks08:38 EST Granite Construction awarded CMAR contract by Tucson International Airport - Granite announced that it has been awarded the Construction Manager at Risk contract for the Tucson International Airport - Airfield Enhancement Program CMAR - GMP 1 South Airfield Lighting Vault project by Tucson Airport Authority. This $5M contract is included in Granite's third quarter 2020 backlog. CMAR is a construction delivery method where the construction manager acts as an agent of the owner in both the design and construction phases to provide value engineering, cost estimating, and construction expertise to deliver the project within a guaranteed maximum price. "This will be Granite's third CMAR contract for the Tucson Airport Authority in the last ten years, among numerous other projects, so we are pleased to continue the partnership we have cultivated," said Granite Area Manager Anthony Alfonso. "We will work in close coordination with TAA, airside operations, and various TAA stakeholders to deliver this project on time and within the budget." This CMAR is the first phase of a multi-year phased delivery of the overall $130M project to construct a new full-length parallel runway, center taxiway, and outboard taxiway at Tucson International Airport as part of their Airfield Safety Enhancement Program. Scope of work for the GMP 1 South Airfield Lighting Vault project includes the installation of a new airfield lighting vault and a portion of the existing airfield lighting to the new vault.
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TREE | Hot Stocks08:37 EST LendingTree names Scott Totman as Chief Technology Officer - LendingTree has announced the appointment of two seasoned executives to further bolster its leadership team. Scott Totman has been named the company's Chief Technology Officer and Lisa Young joins the company as General Counsel. Both executives have extensive experience in the financial services and fintech industries. Scott Totman joins LendingTree from OnDeck, a small business lender on the LendingTree Network, where he served as Chief Product and Technology Officer. Lisa Young, LendingTree's new General Counsel, previously served as EVP, General Counsel at Axiom.
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SLGG | Hot Stocks08:37 EST Super League Gaming surpasses 2B video views - Super League Gaming saw incredible success in pandemic-challenged 2020, surpassing a whopping 2 billion video views, which is nearly 20 times the number in 2019. 2020 proved to be a year of huge growth for Super League, particularly in audience engagement. Compared to 2019, the company achieved: Nearly 3 million registered users, roughly 3 times last year's total and surpassing the goal of 2 million the company set for 2020. 2.4 million social followers across Instagram, TikTok, Snapchat, Facebook, YouTube, and Twitch, which is nearly 6 times 2019's total. 72 million hours of total gameplay across all platforms, nearly 5 times 2019's total. To serve the massive increase in demand for quality gaming contact, Super League delivered 290 episodes of original content across Snapchat and Instagram, which is almost 5 times the amount of content produced in 2019.
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CSTM RNSDF | Hot Stocks08:36 EST Constellium, Renault partner for sustainable automotive aluminium solutions - Constellium (CSTM) announced that it is leading a new R&D initiative in France, Project ISA3. In partnership with Groupe Renault (RNSDF), ESI Group, Institut de Soudure, and the University of Lorraine, this approx. EUR7M project will develop lightweight, recyclable and cost-efficient aluminium solutions for the automotive market. Project ISA3 aims to further lightweight vehicles by accelerating automakers' transition from steel to aluminium. The project will focus on alloys and solutions that enable closed loop recycling. Project ISA3 will focus on the design and development of aluminium automotive doors that would be 15% lighter than current average aluminium solutions, more efficient to produce, and recyclable at all stages of its life cycle. The project is scheduled to run through 2023 and is partially funded by Bpifrance.
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MDT | Hot Stocks08:36 EST Medtronic announces enrollment in ADAPT-PD trial - Medtronic announced the first enrollment in ADAPT-PD, its trial evaluating the safety and efficacy of adaptive deep brain stimulation in patients with Parkinson's Disease. Adaptive deep brain stimulation is an investigational feature of the Percept(TM) PC device that could be enabled if approved. The investigational feature used in this study allows for automated adjustment of brain stimulation to provide therapy to manage symptoms of Parkinson's disease based on a patient's clinical state.
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CRNC LEA | Hot Stocks08:33 EST Cerence, Xevo collaborate for to deliver Cerence Pay payment capabilities - Cerence Inc. (CRNC) and Xevo (LEA) announced that they have formed a strategic collaboration to deliver Cerence Pay conversational AI-powered contactless payment capabilities into vehicles via the Xevo Market commerce and services platform. Xevo Market, already live in millions of connected vehicles on the road today, enables ordering, completing transactions, and taking advantage of services with popular brands via the in-vehicle touchscreen - and now via voice with Cerence Pay - while on the go.
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SKT | Hot Stocks08:33 EST Tanger Factory reinstates cash dividend at 17.75c per share - Payable on February 12 to common shareholders of record on January 29. The company currently intends to satisfy minimum taxable income distribution requirements to maintain its REIT status.
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VG IBM | Hot Stocks08:32 EST Vonage names Jay Bellissimo as COO - Vonage announced it has appointed Jay Bellissimo as COO, effective January 19. Bellissimo will report to Rory Read, Vonage CEO. With more than 30 years of experience in the technology industry, Bellissimo joins Vonage from IBM (IBM), where he most recently served as General Manager of IBM U.S. Public and Federal Market.
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BEEM | Hot Stocks08:31 EST State of California extends, expands contract with Beam Global - Beam Global announced that the State of California has extended Beam Global's contract #1-18-61-16 to supply EV ARC systems to State of California Departments and other governmental entities, and expanded the contract to include government entities in other U.S. states at the California negotiated price, without their having to go through a lengthy procurement or technology review process. The award extends the contract through June 23, 2022. Use of the contract is mandatory for all State of California Departments and is available for use by local governmental agencies. The contract includes Beam's emergency power solutions which provide a secure and reliable source of electricity for EV charging and first responders during natural disasters or other periods of utility grid interruption. The new contract also reflects the name change from Envision Solar to Beam Global.
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CRSA | Hot Stocks08:30 EST Crescent Acquisition Corporation (Class A Stock) trading resumes
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TDOC UNH | Hot Stocks08:28 EST Teladoc down 2% pre-market as UnitedHealth debuts virtual primary care offering - Shares of Teladoc (TDOC) are down $4.00, or about 2%, to $227.68 in pre-market trading after UnitedHealthcare (UNH) announced it has expanded the availability of virtual care with local physicians for members enrolled in employer-sponsored plans and also introduced a new Virtual Primary Care service "designed to enable access to medical services in a simpler and more convenient way."
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UNH | Hot Stocks08:28 EST UnitedHealth announces expanded access to virtual care, new primary care service - UnitedHealthcare announced earlier that it has expanded the availability of virtual care with local physicians for members enrolled in employer-sponsored plans, and also introduced a new Virtual Primary Care service "designed to enable access to medical services in a simpler and more convenient way." Through both efforts, "eligible members may be able to visit virtually with health care providers for various types of care, including wellness, routine and chronic condition management," the company stated. The new Virtual Primary Care service, which is designed to make it easier for people to establish and maintain a relationship with a primary care physician, is currently available for members enrolled in certain employer-sponsored fully insured or self-funded health plans in 11 states. The service, offered in collaboration with a national telehealth provider group, is expected to be expanded to more states in 2021 and is part of a broader UnitedHealthcare effort to help enable members to use technology to access care. These updates were unveiled this week during a virtual panel featuring an executive from UnitedHealth Group who talked about Virtual Primary Care at the Consumer Electronics Show 2021, the company noted.
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SYY | Hot Stocks08:27 EST Sysco announces 2025 seafood sustainability commitments - Sysco Corporation announced an expanded commitment to improve the sustainability of its seafood procurement practices and standards in collaboration with World Wildlife Fund. These new commitments build on past successes and continue to advance Sysco's position as a global leader in seafood sustainability, set high standards for the seafood industry, establish long-term sustainability goals, and build consumer trust. Through its continued collaboration with WWF, Sysco will expand the current responsible sourcing program for its U.S. broadline business to also include sourcing for its specialty and Canadian broadline business, as well as increase the purchase of certified responsible seafood. It also adds new commitments to prohibit the sale of endangered species, advance its traceability work and help address deforestation. Specifically, Sysco's commitments include achieving by the end of 2025: Sourcing 100% of its top 15 wild-caught Sysco Portico Brand seafood species groups from fisheries that are certified by the Marine Stewardship Council, in MSC full assessment, or in a comprehensive Fishery Improvement Project, and source at least 85% of this top 15 volume from fisheries that are MSC certified; Sourcing 100% of Sysco Portico Brand canned or pouched tuna products from fisheries that are MSC certified, in MSC full assessment, in a comprehensive FIP, or from companies that are members of the International Seafood Sustainability Association, and source at least 25% of this volume from fisheries that are MSC certified; Sourcing 100% of its top five aquaculture Sysco Portico Brand seafood species groups from farms that are certified by the Aquaculture Stewardship Council, in ASC full assessment, in a credible Aquaculture Improvement Project , or at a minimum Best Aquaculture Practices 2-star certified, and source at least 20% of this top five volume from farms that are ASC certified; Engaging with suppliers of Sysco Portico Brand farmed shrimp products to ensure supply chains are traceable to the farm's geographic location and address issues of deforestation or conversion of natural ecosystems; Working with WWF to adopt key traceability principles and build on the work of the Global Dialogue on Seafood Traceability; Prohibiting the sale of endangered species for Sysco seafood products globally, already an immaterial portion of Sysco's seafood sales.
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LIFE | Hot Stocks08:25 EST aTyr Pharma says Kyorin completes subject visits for Phase 1 ATYR1923 trial - aTyr Pharma announced that its partner Kyorin Pharmaceutical has completed the last subject visit in its Phase 1 clinical trial of aTyr's lead therapeutic candidate ATYR1923. This achievement has triggered a milestone payment to aTyr. The Phase 1 trial, which is being conducted by Kyorin, is a placebo-controlled study to evaluate the safety, pharmacokinetics and immunogenicity of ATYR1923 in 32 healthy Japanese male volunteers. Results from this study are intended to enable Kyorin to initiate patient trials in interstitial lung disease in Japan. Kyorin is aTyr's partner for the development and commercialization of ATYR1923 for ILDs in Japan.
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BNGO | Hot Stocks08:24 EST Bionano Genomics announces presentations from Cytogenomics Symposium - Bionano Genomics announced that day three of its five-day Next-Generation Cytogenomics Symposium featured six Saphyr users presenting their results and experiences using the Saphyr system for optical genome mapping to analyze solid tumor genomes. The presentations by scientists and clinicians from leading hospitals and medical research institutions in Europe and the US discussed results on a variety of solid tumors such as cancers of the head and neck, brain, breast, liver, and the eye. All six studies showed that Saphyr enables for the first time a complete and clear picture of structural variation in the genome and provides opportunity for the discovery of novel cancer drivers, therapeutic targets, and prognostic markers, something which has not been possible to date with next-generation sequencing and array platforms.
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ETON | Hot Stocks08:23 EST Eton Pharmaceuticals acquires Canadian rights for ALKINDI SPRINKLE - Eton Pharmaceuticals announced that it has acquired Canadian rights to ALKINDI SPRINKLE from Diurnal Group. Eton Pharmaceuticals currently commercializes ALKINDI SPRINKLE in the United States as a replacement therapy for Adrenocortical Insufficiency in children under 17 years of age.
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TTCF | Hot Stocks08:22 EST Tattooed Chef announces redemption of public warrants - Tattooed Chef announced that the Company will redeem all of its outstanding publicly held warrants hat remain unexercised immediately after 5:00 p.m. New York City time on February 16, 2021, the date for redemption fixed by the Company. Under the terms of the warrant agreement governing the public warrants, the Company is entitled to redeem all of the outstanding public warrants if the last sales price of the Company's common stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period. This share price performance was achieved as of January 11, 2021.
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ZIOP | Hot Stocks08:21 EST Ziopharm appoints James Huang as chairman of the board - Ziopharm Oncology announced the election of James Huang as Chairman of the Board of Directors, effective immediately. Mr. Huang has served on the Board since July 2020 and is currently a Managing Partner at Kleiner Perkins Caufield & Byers China.
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HAL XEC | Hot Stocks08:21 EST Halliburton announces 'first successful' grid-powered fracturing operation - Halliburton (HAL) announced it has successfully deployed the industry's first electric grid-powered fracturing operation. The job, being performed on several pads for Cimarex Energy (XEC) in the Permian basin, started in November. To date, Halliburton has completed almost 340 stages across multiple wells using utility-powered electric frac pumps that demonstrated consistent superior performance.Grid-powered electric fracturing offers an alternative path to achieving the lowest emissions profile possible compared to both turbines and Tier 4 dual fuel engines. Grid-powered electric fracturing also offers additional operational reliability and requires a lower capital outlay compared to turbines. Delivering a grid-powered fracturing solution is an example of Halliburton's commitment to leading in the energy transition by helping customers achieve lower emissions. Cimarex Vice President - Permian Business Unit, Michael DeShazer, said, "Cimarex has focused its infrastructure investment on creating operational efficiencies and reducing emissions including ownership of the electrical grid on our Culberson and Reeves County acreage. These investments are enhanced by Halliburton's grid-powered fracturing operation. We look forward to the continued development of this technology with Halliburton across Cimarex's assets."
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ENPH | Hot Stocks08:21 EST Enphase Energy, Solar Optimum expand partnership into battery storage - Enphase Energy announced that Solar Optimum will start offering Enphase Storage systems, with a team dedicated to growing Enphase storage adoption and promoting Enphase's all-in-one solar plus storage products as the premier home energy management solution. Solar Optimum has been an award-winning storage solutions provider since 2016 and has served solar customers in California since 2008. Solar Optimum will begin its deployment of Enphase Storage with homeowners across Southern California. The expansion of the partnership between the two companies will include closer collaboration on engineering, training, marketing, and customer support. The Enphase Storage systems deployed by Solar Optimum will support partial and whole-home backup and feature the capability for integration with generators.
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DPW... | Hot Stocks08:20 EST DPW Holdings subsidiary announces acceptance of pre-orders for EV charger - DPW Holdings (DPW) announced that its power electronics business, Coolisys Technologies, began accepting pre-orders on Amazon.com (AMZN) for its ACECool residential level 2 7kW single electric vehicle, or EV, charger. The wall mount charging system is compatible with all EVs that utilize the SAE J1772 connector, including all Tesla (TSLA) models with SAE J1772 adapters and can be installed in any residential house, garage or parking lot with a 240-volt power outlet.
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ONCT | Hot Stocks08:20 EST Oncternal Therapeutics confirms agreement with Lentigen Technology - Oncternal Therapeutics announced an agreement with Lentigen Technology, a wholly-owned subsidiary of Miltenyi Biotec B.V. & Co. KG, to manufacture lentiviral vectors for Oncternal's investigational ROR1-targeting CAR-T cell therapy program. As part of the agreement, Lentigen will reserve capacity in 2021 to manufacture, test and release GMP lentivirus to support and accelerate the development of Oncternal's CAR-T cell therapy program.
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GOOG... | Hot Stocks08:19 EST Google Cloud, Nokia partner to accelerate cloud-native 5G readiness - Google Cloud (GOOGL) and Nokia (NOK) announced a global, strategic partnership to bring new solutions for communications service providers that modernize their network infrastructures, build on a cloud-native 5G Core, and develop the network edge as a business services platform for enterprises. Under this partnership, Google Cloud and Nokia will work closely to validate, optimize and evolve cloud-native network functions, and the two companies will also co-innovate new solutions that will help CSPs deliver 5G connectivity and services at scale.
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GAN | Hot Stocks08:18 EST GAN announces first sportsbook engine customer - GAN Limited announced that it has signed its first Letter of Intent with an existing client to provide its new 'Coolbet' sportsbook engine, which is currently being technically integrated for U.S. deployment by GAN, for operational rollout in the Commonwealth of Virginia as an internet-only mobile-first sports betting experience, subject to regulatory approvals and operator client licensure. The LOI is non-binding and contingent on the client being awarded an Internet sports betting license in the Commonwealth of Virginia, as well as other factors. Jeff Berman, Chief Commercial Officer of GAN, commented: "Since we announced our acquisition of Coolbet in November, we have seen significant interest from both current and prospective clients in our newly acquired sportsbook engine and associated managed trading services. Principle integration of this new offering into our industry-leading B2B technology platform is now underway and expected to be operationally deployed here in the U.S. with the expected launch of online sports wagering in the Commonwealth of Virginia. We are excited to further expand our relationship with this current partner, which has applied for an Internet sports betting license in the Commonwealth of Virginia, citing GAN as their nominated platform provider. This agreement further validates our strategic decision to expand our platform capabilities through the acquisition of Coolbet. We look forward to the exciting opportunities we expect to see in 2021 as we bring our augmented platform solution into the U.S. market that now includes one of the best sports betting technologies and end user customer experience operating in the world today."
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USAT | Hot Stocks08:18 EST USA Technologies awarded customer experience patent from USPTO - USA Technologies announced the company has been awarded patent number US10,861,276B1 by the United States Patent and Trademark Office, or USPTO. The patent, titled "Method and System of Personal Vending," adds to USAT's intellectual property portfolio, and is focused on addressing the needs of consumers. The patent was developed and co-authored by chief revenue officer, Anant Agrawal, with a focus on creating a shopping experience at an unattended retail location, by reimagining the customer journey through the consumer's mobile device. The invention can utilize mobile apps as a tool, combining unattended retail with loyalty.
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EDAP | Hot Stocks08:17 EST EDAP TMS announces 24 month interim results of AFU sponsored study - EDAP TMS announced 24 month interim results from the "HIFI" study comparing outcomes from high intensity focused ultrasound versus radical prostatectomy in a population of prostate cancer patients. This study is sponsored by the French Association of Urology and supported by the French Ministry of Health. The results were presented at the AFU Congress in November 2020. The study is a multicenter, prospective, non-randomized, comparative and non-inferiority study of HIFU vs. RP in men with primary prostate cancer. Between 2015 and 2019, the study enrolled 3,364 patients in 42 public and private hospitals in France: 1,988 treated with HIFU and 1,376 with RP, the current standard-of-care surgical approach. In terms of cancer characteristics, the two groups are comparable, with a majority of ISUP Grade Group 2 and equivalent median PSAs at baseline. The results of the interim analysis show a significantly better 24-month recurrence-free survival for the patients treated with HIFU compared to the patients undergoing surgery. Additionally, urinary continence was significantly better and erectile function was significantly less impacted for the patients undergoing HIFU compared to those in the RP arm, despite the fact that the patients in the HIFU arm are more than 10 years older on average, and therefore naturally more likely to suffer from these issues.
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FIT | Hot Stocks08:17 EST Fitbit trading halted, news dissemination
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CSU | Hot Stocks08:16 EST Capital Senior Living appoints Jay Reed as VP, information technology - Capital Senior Living Corporation announced the appointment of Jay Reed as Vice President of Information Technology. At Capital Senior Living, Reed will drive the overall IT strategy and lead all IT departments, including network development, security, systems and desktop support. In his most recent position as a Partner at CIO Suite, a management consulting firm in Dallas, Jay provided professional consultation as an IT Advisor and Fractional CIO to clients.
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PKI | Hot Stocks08:15 EST PerkinElmer SARS-CoV-2 RT-PCR assay receives FDA EUA for asymptomatic testing - PerkinElmer, announced that its PerkinElmer New Coronavirus Nucleic Acid Detection Kit received Emergency Use Authorization, EUA, from the U.S. Food and Drug Administration, FDA, to test individuals without symptoms or other reasons to suspect COVID-19 infection. According to a new model from The Journal of the American Medical Association's Open Network developed by researchers from the Centers for Disease Control and Prevention, close to 60% of total COVID-19 transmissions come from those who have no symptoms, signaling that silent spreaders are the ones most often passing the virus around without knowing it. For asymptomatic carriers, diagnostic testing is essential to identify infected individuals, and thereby provides a better chance of getting infectious individuals into isolation to avoid spreading the disease further. The ability to quickly identify asymptomatic individuals provides significant public health value. Moreover, based on comparative data released by the FDA, the PerkinElmer test kit has the lowest Limit of Detection among the authorized COVID-19 molecular diagnostic tests reported, deeming it the most sensitive assay. PerkinElmer's RT-PCR assay originally obtained FDA EUA in the spring of 2020. "The data is clear - it's imperative we have reliable and accurate testing for asymptomatic individuals, especially as we're seeing new strains of the virus appear that are even more contagious," said Masoud Toloue, Ph.D., Vice President & General Manager, Diagnostics, PerkinElmer. "PerkinElmer is in a unique position to help this cause, as we're one of the few suppliers to have an EUA for asymptomatic testing, maintain the most sensitive test on the market along with a strong supply chain, and have the capability to do sample pooling to save time and resources for diagnostic laboratories."
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XENE | Hot Stocks08:14 EST Xenon Pharmaceuticals announces anticipated milestones for partnered programs - Xenon has an ongoing collaboration with Neurocrine Biosciences to develop treatments for epilepsy. Neurocrine Biosciences has an exclusive license to XEN901, now known as NBI-921352, a clinical stage selective Nav1.6 sodium channel inhibitor with potential in SCN8A developmental and epileptic encephalopathy and other forms of epilepsy. The FDA has provided feedback on an Investigational New Drug application submitted by Neurocrine Biosciences in support of a Phase 2 clinical trial in SCN8A-DEE patients. Based on this feedback, Neurocrine Biosciences anticipates initiating a Phase 2 clinical trial in adolescent patients (aged 12 years and older) with SCN8A-DEE in the third quarter of 2021, and the trial protocol will be amended to include younger pediatric patients with SCN8A-DEE as soon as the FDA has reviewed and approved additional non-clinical information. In parallel, Neurocrine Biosciences is advancing clinical plans to develop NBI-921352 for the treatment of adult focal epilepsy and expects to initiate a Phase 2 clinical trial in 2021. Upon IND or equivalent regulatory acceptance for NBI-921352 in adult focal epilepsy, Xenon is eligible to receive a $10.0 million milestone payment; upon FDA acceptance of a protocol amendment for NBI-921352 in pediatric patients with SCN8A-DEE, Xenon is eligible to receive a $25.0 million milestone payment, or a $15.0 million milestone payment if the IND acceptance for adult focal epilepsy occurs first. Both milestone payments are in the form of 45% cash and a 55% equity investment in Xenon at a 15% premium to Xenon's 30-day trailing volume weighted average price at that time. Flexion Therapeutics, Inc. acquired the global rights to develop and commercialize XEN402, a Nav1.7 inhibitor also known as funapide. Flexion's pre-clinical FX301 consists of XEN402 formulated for extended release from a thermosensitive hydrogel. The initial development of FX301 is intended to support administration as a peripheral nerve block for control of post-operative pain. Flexion anticipates filing an IND application in the first half of 2021 to support a proof-of-concept clinical trial of popliteal fossa block with FX301 in patients undergoing bunionectomy. Results from that trial could potentially be available in late 2021. Pursuant to the terms of the agreement, Xenon is eligible to receive up to an additional $8.0 million in milestone payments through initiation of a Phase 2 clinical trial.
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XENE | Hot Stocks08:13 EST Xenon Pharmaceuticals announces anticipated milestones for proprietary programs - Highlights and Anticipated Milestones: Proprietary Programs: XEN1101 is a differentiated Kv7 potassium channel modulator being developed for the treatment of epilepsy and potentially other neurological disorders. Designed as a randomized, double-blind, placebo-controlled, multicenter study, Xenon's "X-TOLE" study is an ongoing Phase 2b clinical trial to evaluate the clinical efficacy, safety, and tolerability of XEN1101 administered as adjunctive treatment in approximately 300 adult patients with focal epilepsy. The primary endpoint is the median percent change in monthly focal seizure frequency from baseline compared to treatment period of active versus placebo. Xenon anticipates that patient randomization will be completed in the first half of 2021, with topline data anticipated in the third quarter of 2021, dependent upon ongoing patient enrollment rates. In addition, Xenon expects to support the initiation of a Phase 2 proof-of-concept clinical trial examining XEN1101 in a non-epilepsy indication within the first half of 2021. XEN496, a Kv7 potassium channel modulator, is a proprietary pediatric formulation of the active ingredient ezogabine being developed for the treatment of KCNQ2 developmental and epileptic encephalopathy. Xenon has received Fast Track designation and Orphan Drug Designation for XEN496 for the treatment of seizures associated with KCNQ2-DEE from the U.S. Food and Drug Administration as well as an orphan medicinal product designation in Europe. Xenon has initiated a Phase 3 randomized, double-blind, placebo-controlled, parallel group, multicenter clinical trial, called the "EPIK" study, evaluating the efficacy, safety, and tolerability of XEN496 administered as adjunctive treatment in approximately 40 pediatric patients aged one month to less than 6 years with KCNQ2-DEE. XEN007 is a CNS-acting Cav2.1 and T-type calcium channel modulator that is being studied in treatment-resistant childhood absence epilepsy and potentially other neurological disorders. A physician-led, Phase 2 proof-of-concept study is ongoing to examine the potential clinical efficacy, safety, and tolerability of XEN007 as an adjunctive treatment in pediatric patients diagnosed with treatment-resistant CAE. A presentation of promising interim data collected from a small number of patients was presented at the virtual annual meeting of the American Epilepsy Society in December 2020. Xenon continues to work with its collaborators and expects that topline results from a larger data set will be available by the middle of 2021. Depending on the final results, CAE may represent a potential orphan indication for future development of XEN007.
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APHA | Hot Stocks08:13 EST Aphria jumps 6.5% to $10.65 after posting strong Q2 results
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CRSA | Hot Stocks08:13 EST LiveVox to become public through Crescent Acquisition merger agreement - LiveVox announced it has entered into a merger agreement with Crescent Acquisition. Upon closing of the transaction, LiveVox will become a publicly traded company, and its common stock will be listed on NASDAQ under the symbol (LVOX). Founded in 2000, LiveVox is a next-generation contact center platform that unifies omnichannel communications, CRM, and WFO functionality into a single cloud-based customer engagement solution. The company expects to generate $129M of revenue in 2021, approximately 26% higher than its 2020 revenue. The transaction has been unanimously approved by the board of Crescent Acquisition as well as the board of LiveVox and is subject to the satisfaction of customary closing conditions, including the approval of the shareholders of Crescent Acquisition. The combined entity will receive approximately $250M from Crescent's trust account, assuming no redemptions by Crescent's public stockholders, as well as $75M in proceeds from a group of institutional investors and $25M from a forward purchase agreement entered into by Crescent Capital Group. Upon completion of the transaction and assuming no redemptions, Golden Gate Capital and various current minority owners of LiveVox expect to hold approximately 59% of the newly public company, subject to various purchase price adjustments. Of the total approximately $350M of cash from Crescent and the other institutional investors, up to $220M will be used to purchase a portion of the equity owned by existing LiveVox shareholders, an anticipated $100M will be added to LiveVox's balance sheet to be used to accelerate and enhance the company's commitment to providing a superb customer experience through its next-generation contact center platform, and the remainder will be used to pay transaction expenses. Upon the closing of the transaction, Crescent Acquisition's name will be changed to LiveVox Holdings.
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PRU | Hot Stocks08:12 EST Genesis Healthcare selects Prudential to oversee $1.1B in retirement assets - Genesis Healthcare has selected Prudential Retirement as record keeper for its defined contribution retirement plans. Prudential Retirement is a business unit of Prudential Financial As of Nov. 18, Prudential oversees Genesis' $1.1B in retirement assets covering more than 22,000 employees across two plans. The contract adds to Prudential's robust portfolio in the healthcare industry, where it currently oversees $20.1 billion in assets across 563 plans, helping more than 401,800 healthcare workers achieve financial wellness. Jim Edwards, AIF, principal and financial advisor at CAPTRUST, is the advisor to the plan.
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XENE | Hot Stocks08:12 EST Xenon appoints Simon Pimstone as executive chair, Ian Mortimer as CEO - Xenon Pharmaceuticals outlined its key milestone opportunities and plans for a leadership transition in 2021, with all changes anticipated to take effect in June 2021 at the time of the Company's annual meeting of shareholders. As part of the leadership transition, Dr. Simon Pimstone, Xenon's co-founder and CEO, will step down from his current role as CEO and assume the new role of Executive Chair of the Board of Directors, replacing Michael Tarnow, current Chair of the Board, who will not be standing for re-election at the 2021 annual meeting of shareholders. Ian Mortimer, who currently serves as President and CFO, will be appointed as President and CEO and will also be nominated for election as a director at the 2021 annual meeting of shareholders. Concurrent with these appointments, Sherry Aulin, Xenon's current Vice President, Finance, will be appointed CFO, and Ms. Dawn Svoronos will be appointed Lead Independent Director of the Board.
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PRU | Hot Stocks08:12 EST Genesis Healthcare selects Prudential to oversee $1.1B in retirement assets - Genesis Healthcare has selected Prudential Retirement as record keeper for its defined contribution retirement plans. Prudential Retirement is a business unit of Prudential Financial As of Nov. 18, Prudential oversees Genesis' $1.1B in retirement assets covering more than 22,000 employees across two plans. The contract adds to Prudential's robust portfolio in the healthcare industry, where it currently oversees $20.1 billion in assets across 563 plans, helping more than 401,800 healthcare workers achieve financial wellness. Jim Edwards, AIF, principal and financial advisor at CAPTRUST, is the advisor to the plan.
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QEP | Hot Stocks08:10 EST QEP Resources board declares special stock dividend of 5% per share - On January 13, 2021, the Company's Board of Directors declared a one-time, special stock dividend of 5% per share on the common stock of the Company. The stock dividend is distributable on or about February 19, 2021, to shareholders of record at the close of business on January 18, 2021.
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TWST | Hot Stocks08:08 EST Twist Bioscience begins shipping new synthetic RNA reference controls - Twist Bioscience announced that it has started shipping its new synthetic RNA reference controls, which includes the new variant strain of SARS-CoV-2 identified in the United Kingdom. With this new strain, which contains multiple mutations in the spike protein and other areas of the viral genome, some of the RT-PCR probes used widely in COVID-19 testing no longer detect the S gene that codes for the spike protein. This can lead to false negative test results.
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OPI | Hot Stocks08:08 EST Office Properties announces dividend of 55c per share - Office Properties Income Trust announced a regular quarterly cash distribution on its common shares of 55c per common share $2.20 per share per year. Shareholders of record as of the close of business on January 25 and distributed on or about February 18.
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TISI | Hot Stocks08:07 EST Team announces strategic reorganization - Team announced a strategic reorganization to better position the company for the recovery, continue sector diversification, and enhance client value. TEAM's new streamlined structure supports the company's global operations with greater management focus on further improving operational and financial performance through these new operating groups: The Inspection & Heat Treating group, which includes the IHT segment, is dedicated to growing its stable nested footprint as regulatory compliance requirements increase, expanding turnaround activity, and diversifying its end markets globally, such as through increased investment in the Aerospace business line. The Mechanical & Onstream Services group, which includes the Mechanical Services segment, continues to target turnarounds and capital projects, and improve performance, efficiency, and longevity of aging critical assets. MOS is primed to grow with the industry recovery led by the high demand of maintenance and call-out work. The Asset Integrity & Digital group, which includes the Quest Integrity segment and its technology-enabled advanced inspection and engineering assessment solutions. AID will focus on expanding mechanical and pipeline integrity, risk-based inspection, remote visual inspection, and digital platform. AID will also optimize the company's research and development activities, including product and technology development. TEAM believes it is well positioned to provide innovative solutions to the company's clients supporting the energy transition. These groups and a new leadership structure will serve as the foundation for TEAM's operating organizational structure. The company's three reportable segments will continue as Inspection and Heat Treating, Mechanical Services, and Quest Integrity.
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STNE | Hot Stocks08:05 EST StoneCo raises funding for credit solution for SMBs in Brazil - StoneCo announces that it has completed the issuance of R$580M in FIDC quotas, raising R$493M in third-party capital for its credit solution for SMBs in Brazil. The new credit FIDC is structured with senior and mezzanine quotas held by institutional investors for a 36-month period, while Stone holds the subordinated quotas. The senior quotas reached R$348M with a brAAA rating and yield of CDI + 4% per year. The mezzanine quotas reached R$145M with a brBBB rating and yield of CDI + 7% per year. The subordinated quotas held by Stone totaled R$87M. Despite the first issuance of a new FIDC product usually having a higher cost than an operation in steady state, Stone decided to increase the offer size from the initial size of R$340M to R$493M. Total demand was nearly R$1B which we believe creates a healthy path for future issuances at a lower cost.
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CSOD | Hot Stocks08:04 EST Cornerstone OnDemand appoints Chirag Shah as CFO - Cornerstone OnDemand announced the appointment of Chirag Shah as Chief Financial Officer effective Feb. 1, 2021. Interim CFO Trish Coughlin will continue in her role as Chief Accounting Officer and will support a seamless transfer of responsibilities to Shah. Shah is a seasoned finance expert with over 10 years of experience at Cornerstone during which he has served in a number of capacities, including overseeing the company's corporate strategic planning and budgeting, investor relations, global pricing and corporate development functions. Since joining Cornerstone in 2009, he has helped lead the company through its IPO in 2011, and supported four corporate acquisitions. Shah currently serves as Senior Vice President and General Manager of Growth Markets, where he has led the company's expansion within the Asia-Pacific & Japan (APJ) region, the growth of the company's Content business and Cornerstone's small and medium-sized business team. Prior to Cornerstone, Shah was an investment banker focused on mergers and acquisitions. He holds an M.B.A. from the Kellogg School of Management at Northwestern University, and a B.S. in Finance from Georgetown University.
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CRL | Hot Stocks08:04 EST Charles River enters strategic partnership with Jade Biomedical - Charles River announced that it has entered into a strategic partnership with Jade Biomedical, a provider of end-to-end quality management services for the biopharmaceutical industry. The partnership will expand Charles River's biologics testing capabilities geographically and help to accommodate demand for biologics therapeutics, especially cell and gene therapies, reaffirming the company's commitment as a global development partner. This strategic relationship will also enable Jade to expand their current global good manufacturing practice, or GMP, product testing operations in Shanghai into a second facility and further build upon its current offering of biologics quality management and testing services.
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LXRX | Hot Stocks08:04 EST Lexicon sees potential sotagliflozin NDA filing in 2021 following FDA feedback - Lexicon Pharmaceuticals announced that it has received U.S. Food and Drug Administration regulatory feedback that the results of its SOLOIST and SCORED Phase 3 clinical studies can support a new drug application submission for an indication to reduce the risk of cardiovascular death, hospitalization for heart failure, and urgent visits for heart failure in adult patients with type 2 diabetes with either worsening heart failure or additional risk factors for heart failure. The feedback was provided in response to a request made by Lexicon following the completion of the SOLOIST and SCORED studies relating to the potential submission of an NDA based on the results of such studies, taking into account their early close-out and other considerations. This regulatory feedback clears a key hurdle for partnership discussions around sotagliflozin in heart failure and enables a potential NDA filing in 2021.
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LPCN CLAR | Hot Stocks08:03 EST Lipocine: USPTO declares interference between Lipocine/Clarus patent apps - Lipocine (LPCN) announced that the Patent Trial and Appeal Board of the United States Patent and Trademark Office declared Interference No. 106,128 between Lipocine owned U.S. Patent Application and Clarus Therapeutics (CLAR) owned U.S. Patent Application. In preparation for the Interference, the USPTO withdrew the Clarus Application from issue.
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GP | Hot Stocks07:56 EST GreenPower Motor reports 17 total vehicles delivered in Q3 - In its announcement yesterday, President Brendan Riley stated: "During the most recent quarter we continued to ramp production considerably and that trend is expected to continue as we align with an anticipated increase in deliveries in the late spring and summer of 2021. In the fall of 2020, we announced a production run rate of five GreenPower all-electric school buses per month which we are now increasing to 10 on the back of the strong response we are seeing in the sales channel. With regard to our EV Star, we are on track with our previous production guidance with higher volume deliveries expected in the current quarter and accelerating thereafter as the logistical constraints of the pandemic further abate. In sum, we continue to ramp aggressively and expect substantial increases in both production and deliveries across the school bus, transit, cargo and delivery and cab and chassis markets throughout 2021."
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CRLBF | Hot Stocks07:51 EST Cresco Labs to expand Into Florida through acquisition of Bluma Wellness - Cresco Labs announced they have entered into a definitive agreement pursuant to which Cresco Labs will acquire all of the issued and outstanding shares of Bluma in an all-share transaction that values Bluma at an equity value of $213M. "Our strategy at Cresco Labs is to build the most strategic geographic footprint possible and achieve material market positions in each of our states. With Florida, we will have a meaningful presence in all 7 of the 10 most populated states in the country with cannabis programs - an incredibly strategic and valuable footprint by any definition. We recognize the importance of the Florida market and the importance of entering Florida in a thoughtful way - we identified Bluma as having the right tools and key advantages for growth. Bluma is known for having best-in-class cultivation in the state of Florida, a differentiated retail experience and omnichannel offering with effective delivery, a clear pathway to scale and an incredible management team. We have a proven track record of integrating assets in strategic states, improving fundamentals, and amplifying operations to take share in the most competitive cannabis markets," said Charles Bachtell, CEO of Cresco Labs. "In 2020, we demonstrated the growth and leverage that can be created by focusing only on the most strategic markets, executing high-quality cultivation at scale, and marrying it with a targeted, consumer-focused model of high-volume retail. In 2021, it's rinse and repeat. We're using the same playbook to go deeper in strategic states, including Florida - we look forward to bringing our Cresco Labs brands and our Sunnyside stores to the Sunshine State!"
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J | Hot Stocks07:46 EST Jacobs Engineering awarded contract with NAVFAC EXWC - Jacobs was awarded an indefinite delivery/indefinite quantity contract with the Naval Facilities Engineering and Expeditionary Warfare Center for waterfront facilities inspection and assessment services outside the contiguous United States.
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DAL | Hot Stocks07:40 EST Delta Air Lines CEO 'optimistic' 2021 'will be a year of recovery' - "Our December quarter results capped the toughest year in Delta's history. I want to thank the Delta people who have risen to the occasion, focusing on delivering results for all of our stakeholders by putting our customers at the center of our recovery," said Ed Bastian, Delta's CEO. "While our challenges continue in 2021, I am optimistic this will be a year of recovery and a turning point that results in an even stronger Delta returning to revenue growth, profitability and free cash generation."
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REKR | Hot Stocks07:40 EST Rekor Systems releases update to Rekor Scout software - Rekor Systems announced that it released a major update to its automatic license plate and vehicle recognition software, Rekor Scout, formerly known as Rekor Watchman. Known for its ability to turn nearly any IP, traffic, or security camera into an AI-powered vehicle recognition system, the new version of Scout adds extensive new privacy, security and sharing controls for its commercial and government users.
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CNET | Hot Stocks07:39 EST ZW Data Action Technologies selected as key agent for 360 Security Technology - ZW Data Action Technologies announced that it was selected as a key agent for merchant advertising in 2021 by 360 Security Technology. ZW Data has been maintaining a long-term cooperative relationship with 360 Company in various fields. This key agent arrangement intends to extend their relationship to in-depth and close cooperation for precision merchant advertising on digitized platform. It is also expected to provide more secured data-driven and digital monitoring solutions to the merchant clients. The parties expect that the cooperation will create a potential affiliate income of $5M for 2021.
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IPIX | Hot Stocks07:37 EST Innovation Pharmaceuticals receives Fast Track designation for brilacidin - Innovation Pharmaceuticals announced that the U.S. Food and Drug Administration has designated as a Fast Track development program the investigation of Brilacidin as a potential treatment for COVID-19. Brilacidin is a first-in-class Host Defense Protein mimetic with antiviral, anti-inflammatory and antibacterial properties. To date, Brilacidin has received Fast Track designation for three different clinical indications: COVID-19, Oral Mucositis, and Acute Bacterial Skin and Skin Structure Infection.
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GPL | Hot Stocks07:37 EST Great Panther Mining reports Q4 production of 36,997 gold equivalent ounces - Fourth quarter 2020 production highlights: Tucano produced 32,017 Au oz. Consolidated metal production of 36,997 Au eq oz, including 33,703 Au oz and 225,477 Ag oz. Topia successfully restarted production in December following a voluntary suspension in November to safeguard the health of its workforce and local community against the spread of COVID-19. 2020 production highlights: Tucano produced 32,017 Au oz. Consolidated metal production of 36,997 Au eq oz, including 33,703 Au oz and 225,477 Ag oz. Topia successfully restarted production in December following a voluntary suspension in November to safeguard the health of its workforce and local community against the spread of COVID-19. "We delivered on our 2020 production guidance and produced more gold last year than in 2019, despite the challenges of COVID-19. Our teams in Brazil, Mexico, and Peru did a tremendous job prioritizing health and safety, while still achieving profitable production and executing our exploration programs", stated Rob Henderson, President and CEO. "The Mineral Reserve and Resource update for our flagship Tucano mine, announced in December, has allowed for an extension of the life of the Urucum and Taperaba pits, and the latest mine plan will see a transition to mining higher grades in 2022 and 2023. Exploration activity at Tucano in 2021 is planned to ramp up, with a focus on identifying regional opportunities, proving up the underground potential and expanding the existing open pits. In 2021, consolidated gold equivalent production from the Tucano, GMC and Topia mines is expected to be 135,000 to 150,000 Au eq oz."
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FSV | Hot Stocks07:36 EST FirstService Residential acquires Midboro Management, terms not disclosed - FirstService Corporation announced that FirstService Residential has recently acquired Midboro Management. Michael Wolfe, President of Midboro, has retained a minority equity interest and will continue to run day-to-day operations. Terms of the transaction were not disclosed. Founded in 1963, Midboro is a residential property management firm in New York City, with 15,000 units under management across more than 150 condominium and cooperative properties. With the addition of Midboro, FirstService Residential's New York operations will oversee more than 600 properties encompassing almost 100,000 units under management.
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PLPRF | Hot Stocks07:35 EST Plus Products announces exclusive sales agreement with Elements of Green - Plus Products announced it has entered an exclusive sales agreement with Elements of Green, a European eCommerce marketplace for hemp CBD products, to offer its products across the United Kingdom. PLUS 100% hemp CBD Gummies are available for sale in the United Kingdom exclusively through Elements of Green. The initial product offering will consist of Grapefruit CBD Uplift and Blueberry CBD Balance.
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KMPH | Hot Stocks07:35 EST KemPharm announces presentations on KP415, serdexmethylphenidate - KemPharm announced that research involving KP415 and serdexmethylphenidate will be featured in an oral symposium and three poster presentations during the 2021 American Professional Society of ADHD and Related Disorders Virtual Conference. The 2021 APSARD Virtual Conference is being be held January 15-17, 2021. KP415 is KemPharm's investigational product candidate for the treatment of attention deficit hyperactivity disorder. Serdexmethylphenidate is KemPharm's prodrug of d-methylphenidate. KP415 consists of SDX co-formulated with immediate-release d-MPH. A New Drug Application for KP415 is currently under review with the U.S. Food and Drug Administration with an anticipated PDUFA date of March 2, 2021. The oral symposium, "Novel Pharmacology and Technology Approaches to the Non-Medical Use of Stimulants," is scheduled for Friday, January 15, 2021, from 3:30 p.m. to 5:00 p.m., ET, and will feature multiple speakers who will address issues related to the non-medical use of stimulants, as well as products in development that are designed to reduce the risk of abuse. During the symposium, Megan Shram, Ph.D., Adjunct Professor, University of Toronto, will highlight the oral, intranasal, and intravenous abuse potential of SDX, including research demonstrating SDX has a lower intrinsic abuse potential than d-MPH when administered via the most common routes of abuse for other MPH products currently available. The three poster presentations involving KP415 and SDX will also be featured on January 15th. The first presentation, "Efficacy and Safety of KP415 Capsules in Children with ADHD: A Randomized, Double-Blind, Placebo-Controlled Laboratory Classroom Study," details the multicenter, double-blind, randomized, placebo-controlled, laboratory classroom study of KP415 to investigate the efficacy, safety, and tolerability of once-daily KP415 capsules vs. placebo in children age 6 to 12 years with ADHD. To be presented by Scott H. Kollins, Ph.D., Professor, Department of Psychiatry and Behavioral Sciences; Director, Duke ADHD Program, Duke University School of Medicine, the clinical study concluded that KP415 was efficacious and generally well tolerated for treating ADHD in children 6 to 12 years of age. The second poster presentation, "Safety and Tolerability of KP415 Capsules in Children with ADHD: A 12-month, Open-Label Safety Study," provides an analysis of the multicenter, dose-optimized, open-label safety study of KP415 to investigate the safety and tolerability of once-daily KP415 capsules in children with ADHD treated for up to 12 months. To be presented by Ann Childress, M.D., President of the Center for Psychiatry and Behavioral Medicine, the research determined that KP415 was generally well tolerated and demonstrated sustained efficacy in children with ADHD treated for up to one year. The third poster presentation titled, "In Vitro Tampering Assessment of Serdexmethylphenidate, a Novel Prodrug of d-Methylphenidate," highlights in vitro studies designed to assess the extent to which SDX can be physically or chemically manipulated to yield immediately available d-MPH for potential abuse. Submitted by Sven Guenther, Ph.D., KemPharm's Executive Vice President, Research and Development, the research concluded that SDX is stable under a broad range of experimental conditions and cannot readily be converted to d-MPH in vitro.
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DAL | Hot Stocks07:34 EST Delta Air Lines ends Q4 with $16.7B in liquidity - Delta ended the December quarter with $16.7B in liquidity. Cash used in operations during the quarter was $1.3B. Daily cash burn averaged $12M for the quarter, down from $24M per day in the September quarter. The company anticipates receiving approximately $3B from the U.S. Treasury under the PSP extension in the March quarter. With these funds and an estimated $10M-$15M in average daily cash burn for the March quarter, the company expects to end the March quarter with approximately $18B-$19B in liquidity.
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NEM | Hot Stocks07:33 EST Newmont announces up to $1B share repurchase program - Newmont announced its board has approved a share repurchase program for up to $1B of common equity, to be completed over the next 18 months.The program will be executed at the company's discretion, utilizing open market repurchases to occur from time to time throughout the authorization period, and is in addition to Newmont's industry-leading dividend framework.
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DAL | Hot Stocks07:32 EST Delta Air Lines sees 'choppy demand recovery' in early 2021 - "We see three distinct phases in 2021. The early part of the year will be characterized by choppy demand recovery and a booking curve that remains compressed, followed by an inflection point, and finally a sustained demand recovery as customer confidence gains momentum, vaccinations become widespread and offices re-open," said Glen Hauenstein, Delta's president. "For each phase, Delta has the levers to pull to successfully react to the emerging demand environment, including tightly matching our sellable capacity to expected demand."
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KLDO | Hot Stocks07:32 EST Kaleido Biosciences announces interim results of controlled study of KB109 - Kaleido Biosciences announced interim results from the K031 non-IND controlled clinical study evaluating outpatients with mild to moderate COVID-19 disease. Patients in this non-IND clinical study were randomized within 48 hours of testing positive for COVID-19 to either receive Supportive Self Care or SSC plus Microbiome Metabolic Therapy candidate KB109 for two weeks and then followed for an additional three weeks. The planned interim analysis comprised approximately half of the total study population and showed that KB109 was well tolerated, with a safety profile consistent with previous studies of MMT candidates and no unexpected treatment-related adverse events. For subjects reporting one or more comorbidities, the median time to resolution of the thirteen overall COVID-19 related symptoms was 18 days with KB109 plus SSC and 27 days with SSC alone. KB109 demonstrated a favorable safety and tolerability profile with no unexpected treatment-related adverse events or discontinuations related to treatment. Approximately 40 percent of the patients reported at least one comorbidity at baseline. The presence of comorbidity lengthened the time to resolution of symptoms, even in mild to moderate COVID-19 disease. In the SSC alone arm, median time to resolution of the thirteen overall COVID-19 related symptoms in patients with no comobitities was 14 days as compared with 27 days in patients with at least one comorbidity. No difference in median time to resolution of symptoms was observed with KB109 plus SSC for the overall population, although small differences between the arms were observed during the follow-up period. Median time to resolution of the thirteen overall COVID-19 related symptoms for patients with one or more comorbidity at baseline was 18 days for the KB109 plus SSC group as compared with 27 days with SSC alone. Kaleido also evaluated eight cardinal COVID-19 related symptoms as defined by the Centers for Disease Control and Prevention, which showed median time to resolution of symptoms among patients with one or more comorbidity at baseline was 15 days for the KB109 plus SSC group as compared with 27 days with SSC alone. The K031 study of 350 subjects is fully enrolled with results expected in the first quarter of 2021. Topline data from a smaller 50 subject study of KB109 is also expected in the first quarter of 2021.
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DAL | Hot Stocks07:31 EST Delta Air Lines sees Q1 CapEx ~$350M - Sees Q1 liquidity $18B-$19B; Adjusted net debt ~$18B.
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DAL | Hot Stocks07:29 EST Delta Air Lines reports Q4 daily cash burn $12M - "We reduced our average daily cash burn to $12 million in the December quarter, a reduction of nearly 90 percent since the early days of the pandemic in March, as we progress to achieving cash breakeven in the spring," said Gary Chase, Delta's interim co-CFO. "Remaining agile and disciplined with our cost structure will be key to our success, and when combined with an improving demand environment, will allow us to return to the free cash flow generation needed for debt reduction."
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DAL | Hot Stocks07:28 EST Delta Air Lines sees Q1 scheduled capacity down ~35% - Sees Q1: Sellable capacity down ~55%; Consolidated CASM down 5%-10%; Total operating expense down 35%-40%.
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DAL | Hot Stocks07:27 EST Delta Air Lines sees Q1 average daily cash burn $10M-$15M
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APHA TLRY | Hot Stocks07:21 EST Aphria CEO says 'we are pleased with our second quarter results' - "We are pleased with our second quarter results which reflect the strength of our diversified global cannabis and consumer packaged goods businesses," said Irwin Simon, Chairman and CEO. "Our market leading adult-use cannabis brands and sales remained strong and our international medical cannabis sales are off to a solid start. We also advanced our long-term vision for building a global cannabis life-style consumer packaged foods company positioned for sustainable, profitable growth with the completion of our acquisition of SweetWater late in the second quarter. In addition to advancing our long-term vision and growth objectives, the addition of SweetWater is a cornerstone within our U.S. strategy and a strong complement to our existing Aphria business that we believe will return compelling financial benefits. We already hit the ground running by starting to build upon the strengths of each of our respective complementary cannabis lifestyle brands broadening our consumer reach and enhancing loyalty with existing consumers." Simon continued, "We remain excited about our recently announced definitive agreement with Tilray to combine to create the largest global cannabis company and are on-track to close the transaction in the second quarter of calendar year 2021. At Aphria, we continue to build on our strong foundation in Canada and internationally to capitalize on growth opportunities utilizing our best-in-class cultivation and manufacturing across a greater distribution footprint and enabling us to connect with an increasing number of consumers and patients with our industry-leading brands and diversified product offerings. Looking forward, we are planning to execute on the significant strategic and financial opportunities provided by the addition of SweetWater and, upon the closing of the Tilray business combination, including our over $100 million anticipated pre-tax synergies, to generate significant value for our stakeholders."
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CRSA | Hot Stocks07:20 EST Crescent Acquisition Corporation (Class A Stock) trading halted, news pending
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TDOC | Hot Stocks07:19 EST Teladoc issues inaugural corporate social responsibility report - Teladoc Health released its 2020 Corporate Social Responsibility Report, which highlights the company's commitment to taking care of people, building trust, operating responsibly and having a positive impact on global communities. Through its inaugural CSR report, Teladoc Health sets an industry precedent for the ongoing commitment to corporate social responsibility, transparency and reporting. Accomplishments and go-forward priorities highlighted within the CSR report align with the United Nations Sustainable Development Goals and provide an outline of Teladoc Health's commitment to positively impacting society. Highlights include: Expanding healthcare capacity around the world: When COVID-19 abruptly increased the need for health services, Teladoc Health effectively expanded the healthcare system's capacity by helping thousands of physicians continue to provide care when office-based capacity was reduced. Increasing equitable access to care: In 2020, Teladoc Health broadened access to affordable, high-quality healthcare by delivering more than 10 million virtual visits and serving as a lifeline for more than two million members living in areas with low physician density. Delivering environmentally sustainable care: Virtual care is an environmentally sound way of growing the global healthcare system's capacity. Teladoc Health estimates that it helped avoid 5,000 metric tons of CO2 emissions with every one million virtual visits. Committing to a diverse, equitable and inclusive workplace: With more than 70 million members worldwide, people of all backgrounds rely on Teladoc Health for care. The company is committed to fostering a culture that embraces diversity, equity and inclusion and encourages mutual respect, trust and collaboration. As part of an ongoing journey to creating an equitable and inclusive workplace, in 2020, Teladoc Health expanded its business resource groups to approximately 500 employees. It surpassed the goals established by the California boardroom diversity law. Championing better global health outcomes: Through disaster support efforts, Teladoc Health has provided free general medical and mental health visits for those impacted by major hurricanes, western wildfires and earthquakes across the United States. As World Telehealth Initiative's primary corporate sponsor, Teladoc Health contributed approximately $700,000 of support in 2020, including the technology used to deliver nearly 500 essential medical services in countries including Bangladesh, Ethiopia and Haiti.
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RVVTF | Hot Stocks07:18 EST Revive Therapeutics announces research collaboration with NC State - Revive Therapeutics announced it has entered into a sponsored research agreement and an exclusive option to license agreement with North Carolina State University to develop a novel biosynthetic version of psilocybin based on a natural biosynthesis enzymatic platform developed by Dr. Gavin Williams, Professor and Researcher at NC State. The biosynthetic platform developed by Dr. Gavin Williams provides a potential simple and efficient method for rapidly producing natural products, such as psilocybin, using an engineered enzymatic pathway in E. coli. Revive seeks to develop and commercialize its own pharmaceutical-grade psilocybin with this biosynthesis technology at scale to support the Company's current psilocybin-based product pipeline that includes an oral thin film product currently being developed in collaboration with the University of Wisconsin-Madison and the intellectual property and research with psilocybin being developed by PharmaTher.
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TNXP | Hot Stocks07:16 EST Tonix announces publication of patent application for TNX-1500 - Tonix Pharmaceuticals announced that the World Intellectual Property Organization has published a patent application filed under the Patent Cooperation Treaty covering TNX-1500, a humanized monoclonal antibody directed against CD40-ligand, which is also known as CD154, T-BAM, 5c8 antigen, TRAP and gp39. The patent application is titled "Anti-CD154 Antibodies and Uses Thereof" and published under International Publication No. WO 2021/001458 A1. If claims are granted, a patent issuing from a national stage of this application could potentially provide U.S. patent coverage for the TNX-1500 composition of matter through 2040 excluding possible patent term extensions or patent term adjustments. TNX-1500 incorporates the antigen binding fragment region of hu5c8, which has been extensively characterized including at the atomic level in complex with CD40-ligand6. The newly published patent application includes claims related to proprietary anti-human CD40-ligand mAbs that were engineered to have modified effector function, including TNX-1500, which have reduced potential for Fc binding to FcgammaRII. The patent application also claims uses of TNX-1500 for preventing and treating conditions, such as organ transplant rejection and autoimmune disorders.
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SHGFF | Hot Stocks07:15 EST Skylight Health appoints Grace Mellis to board of directors - Skylight Health Group announced the appointment of Grace Mellis to the Company's Board of Directors. Mellis spent almost a decade at JP Morgan Chase serving as Managing Director, Head of International Strategy, and Investor Services CFO for EMEA within the Corporate and Investment Bank. She is the founder and director of IGA Capital which provides consulting and advisory services to primarily early-stage companies. Skylight Health is also pleased to announce that it has retained PI Financial Corp. to provide market making services in accordance with TSX Venture Exchange policies. PI will trade the securities of Skylight Health on the TSX-V for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $5,000 on a month-to-month term. Skylight Health and PI are unrelated and unaffiliated entities. PI will not receive shares or options as compensation. The capital used for market making will be provided by PI.
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CGC TRSSF | Hot Stocks07:13 EST Canopy Growth files early warning report regarding TerrAscend Corp. - Canopy Growth (CGC) announced that the company has filed an early warning report under National Instrument 62-103 in connection with the acquisition of an option to purchase 1,072,450 common shares of TerrAscend Corp. (TRSSF), conditional upon the occurrence or waiver of amendments to federal laws of the United States to permit the general cultivation, distribution and possession of marijuana or to remove the regulation of such activities from the federal laws of the United States. Upon the occurrence or waiver of the Triggering Event, the company may exercise the Option and pay the balance of the purchase price in order to acquire the Common Shares subject to the Option.
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XPO | Hot Stocks07:13 EST XPO Logistics surpasses 300,000 app downloads for Drive XPO app - XPO Logistics announced a significant acceleration in the adoption of its XPO Connect digital freight marketplace worldwide. Demand for the company's Drive XPO mobile app has propelled a 50% increase in downloads in the last three months of 2020, taking the cumulative total from 200,000 to 300,000. Carriers and truck drivers use the app to access XPO Connect. For the full year 2020, compared with 2019, cumulative downloads of the app tripled, and the number of carriers registered on the platform increased by 47%.
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OGEN... | Hot Stocks07:13 EST Oragenics issues letter to stockholders on Terra CoV-2 - Oragenics (OGEN)issued the following letter to stockholders from its President and Chief Executive Officer, Alan Joslyn, Ph.D.: To My Fellow Stockholders, With so much encouraging news recently around COVID-19 vaccine development, this is an excellent time to update you on Oragenics' progress with our own vaccine, Terra CoV-2. Recent news heightens our confidence in our scientific approach. As a reminder, we added this vaccine candidate as a result of our May 2020 acquisition of Noachis Terra, and immediately began preclinical work. Noachis Terra is now a wholly-owned subsidiary of Oragenics. Both Pfizer (PFE) and Moderna (MRNA) have announced preliminary safety and efficacy data from their Phase 3 vaccine studies and recent Emergency Use Authorizations. We hold a nonexclusive intellectual property license from the National Institutes of Health (NIH) to the prefusion stabilized spike protein vaccine candidate. The Company's license covers stabilizing the spike protein in the pre-fusion state, which may permit the number of immunogenic centers to be increased. This could allow for a greater likelihood of successful antibody binding, resulting in improved immunogenic responses. We believe that recent Phase 3 data reported relating to the Moderna vaccine supports the concept of utilizing the stabilized spike protein. In terms of our development of Terra CoV-2, as recently announced we held a successful pre-Investigational New Drug (IND) meeting with the U.S. Food and Drug Administration (FDA), with agreements that allow us to save three to six months on pre-IND development timelines. The broad support for our approach by the FDA included a number of activities, including: Use of the Research Cell Bank in the early manufacturing process development; Use of early pilot batch manufacture under Good Manufacturing Processes (GMP) for the anticipated Phase 1 clinical trials; and, Submission of draft toxicology reports during IND filing. We are optimistic that our vaccine will ultimately prove to have several advantages.
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PRTC | Hot Stocks07:12 EST PureTech Health announces Vor Biopharma receives FDA clearance for VOR33 IND - PureTech Health noted that its founded entity, Vor Biopharma, announced that the FDA has cleared the company's investigational new drug, or IND, application for VOR33, an eHSC therapy candidate being developed for the treatment of acute myeloid leukemia. Vor plans to initiate a Phase 1/2a clinical trial for VOR33 in the first half of this year.
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APA TOT | Hot Stocks07:11 EST Apache announces fourth oil discovery at Keskesi East-1 Well - Apache Corporation (APA) and Total S.A. (TOT) announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. Keskesi East-1 encountered targets in the upper Cretaceous-aged Campanian and Santonian intervals. The shallower Campanian interval contains 58 meters of net oil, volatile oil and condensate pay and the Santonian interval contains 5 meters of net oil and volatile oil pay. Fluid samples indicate API oil gravities of approximately 27 to 28 degrees in the Campanian and 35 to 37 degrees in the Santonian. The Keskesi East-1 well is continuing to drill to deeper Neocomian-aged targets. Upon completion of operations at Keskesi East-1, the Noble Sam Croft drillship will be released as planned. Pursuant to the terms of its joint venture agreement, Apache transferred operatorship of Block 58 to Total S.A. on Jan. 1, 2021. Apache will continue to operate the Keskesi exploration well until release of the Noble Sam Croft drillship.
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GOLD | Hot Stocks07:10 EST Barrick Gold reports preliminary Q4 gold production 1.21M ounces - The preliminary Q4 results show sales for the quarter of 1.19 million ounces of gold and 108 million pounds of copper, as well as preliminary Q4 production of 1.21 million ounces of gold and 119 million pounds of copper. The average market price for gold in Q4 was $1,874 per ounce, while the average market price for copper was $3.25 per pound. Preliminary Q4 gold production was higher than Q3 2020, mainly due to a strong performance from Pueblo Viejo, the ramp-up of mining operations at Bulyanhulu and ongoing improvement at Turquoise Ridge. Preliminary Q4 gold sales were lower than Q3 2020 as third quarter sales included the export of the remaining stockpiled concentrate in Tanzania. Q4 gold cost of sales per ounce and total cash costs per ounce are expected to be in line with the prior quarter and gold all-in sustaining costs per ounce are expected to be 3-5% lower than in Q3 2020. Preliminary Q4 copper production was higher than Q3 2020 following completion of plant maintenance at Lumwana in the third quarter. Preliminary Q4 copper sales were lower than the previous quarter, primarily due to the timing of shipments at Lumwana. Q4 copper cost of sales per pound is expected to be 4-6% higher, Q4 copper C1 cash costs per pound are expected to be 10-12% higher and copper all-in sustaining costs per pound are expected to be 4-6% higher than Q3 2020. Driving these changes are higher operating costs at Lumwana and Zaldivar, partially offset by lower depreciation and lower sustaining capital at Lumwana.
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GOLD | Hot Stocks07:08 EST Barrick Gold reports preliminary 2020 gold production 4.8M ounces - Barrick Gold Corporation announced preliminary full year and fourth quarter 2020 results which indicate that it has met its 2020 guidance targets. Preliminary gold production for the full year of 4.8 million ounces is at the midpoint of the 4.6 to 5.0 million ounce guidance range, while preliminary copper production of 457 million pounds is also within the guidance range of 440 to 500 million pounds.
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ORGO | Hot Stocks07:07 EST Organogenesis enrolls first patient in Phase 3 trial of ReNu - Organogenesis Holdings announced that the first patient has been enrolled in its pivotal Phase 3 clinical trial evaluating the safety and efficacy of ReNu, a cryopreserved amniotic suspension allograft, for the management of symptoms associated with knee osteoarthritis. The Phase 3 study is a prospective, double-blind, multicenter, placebo-controlled, parallel group, randomized control trial of ReNu in 474 subjects with moderate to severe symptomatic knee osteoarthritis. Patients will be randomized to either a single intra-articular injection of saline or a single injection of ReNu. The primary efficacy endpoint is the difference in pain from baseline to 6 months as assessed by the Western Ontario and McMaster Universities Osteoarthritis Index.
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MBOT | Hot Stocks07:06 EST Microbot announces results of additional animal feasibility study with LIBERTY - The company said, "The continued progression of Microbot Medical's LIBERTY Robotic System was further demonstrated as the Company announced the successful completion of an additional feasibility animal study using the world's first fully disposable surgical robotic system. The study end points included navigating to a clot, crossing the clot, deploying a stent retriever, and manually retrieving an arterial clot in a live pig. All the end points were met with no intraoperative adverse events. The animal feasibility studies to date, support the Company's assertion that LIBERTY will potentially allow physicians to safely and easily conduct catheter-based peripheral and neurovascular procedures remotely, avoiding radiation exposure, physical strain and the risk of cross contamination. The procedure was performed by Dr. Gal Yaniv, a recently added member of the Company's Scientific Advisory Board, who also serves as Director of Endovascular Neurosurgery at Sheba Tel HaShomer City of Health and Chief Medical Officer of Aidoc Medical, a full body imaging AI software firm. Dr. Yaniv conducted the procedure and the results demonstrated robust navigation capabilities and intuitive usability."
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ROKU | Hot Stocks07:06 EST Roku, Philco announce new partnership to bring TV models to Brazil - Roku and Philco announced a new partnership that will bring the Philco Roku TV models to consumers in Brazil. The new Philco Roku TV models bring streaming through four screen sizes including 32-inch, 42-inch, 50-inch and 58-inch Philco Roku TV models. The 50-inch 4K Ultra HD is already available for purchase online. The new Philco Roku TV models run the latest Roku operating system, offering an intuitive home screen and access to 100,000+ movies and TV episodes via thousands of free or paid channels.
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VRT | Hot Stocks07:04 EST Vertiv Holdings appoints Erin Dowd as CHRO - Vertiv has named Erin Dowd the company's new CHRO, effective immediately. Dowd will report directly to CEO Rob Johnson and lead development and execution of human resources strategy in support of Vertiv's business goals, including a global hiring initiative that supports research and development engineers. Dowd joined Vertiv in 2018 as VP of business HR, global business units, or GBUs, and operations. Dowd has been serving as Vertiv interim CHRO since December.
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GOED | Hot Stocks07:04 EST 1847 Goedeker upgrades fulfillment center to meet capacity needs - 1847 Goedeker announced the upgrade of its fulfillment center to provide increased capacity to meet the Company's 2021 growth forecasts and to support Appliances Connection's regional shipments. "Our new fulfillment center includes an on-trend retail space in a high-growth corridor and will showcase premium brand offerings," stated Jacob Guilhas, Vice President of Logistics for 1847 Goedeker. "The new showroom and nearly 200 percent increase in warehouse capacity will help us meet our 2021 projections and serve as an expanded warehouse to support Appliances Connection's customers in the western-half of the US. The expanded capacity will also allow us to inventory the best-selling products, reducing time from order to shipment and driving a 3x improvement to shipping capacity compared to our current facility." The Company expects to start using the warehouse space immediately and open its new showroom by April 2021. As the new facility's latest tenant, Goedeker's build out of the space will maximize efficiencies, including expanded cross-docking capabilities for improved order to shipment times.
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FPI | Hot Stocks07:03 EST Farmland Partners announces $8M staged transaction for conservation land - Farmland Partners announced a series of agreements that will transfer ownership of approximately 1,268 acres in Virginia from FPI to Ducks Unlimited over the next three years for total gross proceeds of $8M. If all closings take place as expected, this transaction is expected to generate a gain of approximately $0.8M, or 10.6%, relative to book value, for FPI shareholders. The Virginia site resides in the Atlantic Flyway, one of four ancient pathways migratory birds use to travel from breeding grounds to wintering areas. The land is also adjacent to the Great Dismal Swamp, a National Wildlife Refuge that encompasses more than 112,000 acres. The transaction is structured in three separate tracts, with closings expected to take place over the next three years. The transaction on Tract A, which is approximately 231 acres, is set to close on January 30, 2021 for total gross proceeds of $0.8M. Tract B, which is approximately 625 acres, is targeted to close on September 30, 2021 for total gross proceeds of $4.4M, and has an outside closing date of November 30, 2022. Tract C, which is approximately 412 acres, is targeted to close on or before November 30, 2023 for total gross proceeds of $2.8M. All closings are subject to customary due diligence. Closings on Tract B and Tract C are subject to DU's ability to raise the necessary funds. The company will continue to receive the rent for each tract up until the time that the sale of the applicable tract closes.
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CEMI | Hot Stocks07:02 EST Chembio announces CE Mark for DPP SARS-CoV-2 Antigen, IgM/IgG test systems - Chembio Diagnostics announced the CE mark for the DPP SARS-CoV-2 Antigen and IgM/IgG test systems, providing regulatory approval to register and market both test systems in the European Union and other geographies that accept the CE mark. The Company also announced that it has entered into a distribution agreement with Luas Diagnostics, which will commence system sales immediately while serving as the exclusive commercial partner for all of Chembio's products in the United Kingdom and Ireland.
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ORTX | Hot Stocks07:01 EST Orchard Therapeutics granted RMAT designation for OTL-200 - Orchard Therapeutics announced that the U.S. Food and Drug Administration has granted Regenerative Medicine Advanced Therapy designation to OTL-200, an investigational ex vivo autologous hematopoietic stem cell gene therapy for the treatment of early-onset metachromatic leukodystrophy. In late 2020, the FDA cleared the company's Investigational New Drug application for OTL-200, and the therapy also recently was approved in the European Union under the brand name, Libmeldy. The FDA granted Orchard RMAT designation for OTL-200 based on data submitted on 39 patients, including 9 patients from the U.S., who have received OTL-200 as part of clinical studies and compassionate use programs conducted at the San Raffaele-Telethon Institute for Gene Therapy in Milan, Italy. This data set includes post-treatment follow-up data of up to eight years in the earliest treated patients in these programs.
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SIG | Hot Stocks06:52 EST Signet Jewelers announces preliminary holiday season sales of $1.8B - Signet Jewelers announced its preliminary sales for the nine weeks ended January 2, or the holiday season. Signet's preliminary total sales for the holiday season were $1.8B, flat to last year. Preliminary same store sales, or SSS, improved 5.6% year over year. e-commerce sales were up 60.8% year over year, while Signet's 2,866 stores reflect brick and mortar SSS declined of 4.1%. As of January 2, the company has closed 355 of its planned 380 store closures this fiscal year. "Despite considerable macro hurdles, the Signet team delivered strong holiday performance - an achievement that demonstrates the power of our multi-year Path to Brilliance transformation strategy and the agility, innovation, and determination of our people," said Virginia Drosos, CEO. "Our results were driven by new digital and fulfillment capabilities, increasingly personalized and insight-based marketing, banner portfolio differentiation, and a strong merchandising strategy that included competitive newness and a strengthened core assortment -- all of which increased conversion, attracted new customers, and increased market share. Our sales momentum coupled with strong profit generation are reflective of our team's excellent execution and new ways to help our customers Celebrate Life and Express Love whenever and however they desire to shop."
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EXPR | Hot Stocks06:52 EST Express announces $140M in additional financing to strengthen liquidity - Express announced that it has entered into a definitive loan agreement with Sycamore Partners as lead lender, along with Wells Fargo and Bank of America Merrill Lynch, that strengthens its liquidity position by an additional $140M. The new financing includes a $90M FILO Term Loan with a maturity date of May 24, 2024, and a $50M Delayed Draw Term Loan, to be repaid upon receipt of a CARES Act tax refund expected to be received in the second quarter of 2021. This financing is in addition to the company's existing $250M asset-based loan facility, of which it had previously drawn $165M.
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TSM | Hot Stocks06:51 EST TSMC sees FY21 CapEx $25B-$28B
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VGZ | Hot Stocks06:47 EST Vista Gold CEO provides 2021 outlook - Fred Earnest, President and CEO of Vista Gold, stated, "We are pleased to have achieved many of our 2020 corporate objectives in spite of the challenges presented by the COVID-19 pandemic. Financially, we successfully monetized non-core assets to fund working capital, strengthen our balance sheet and cash position, and set the path to generate additional cash of up to $4.6M during 2021. Technically, we engaged with the NT government to support its review of our Mining Management Plan and move it toward approval, completed and announced positive results of an independent benchmarking study of the 2019 PFS and commenced a drill program to test the existence of mineralization with vertical and lateral continuity within and immediately adjacent to the planned Batman pit. Strategically, we strengthened our relationship with the Jawoyn Association through an updated agreement and laid the foundation to support the pursuit of opportunities that will create greater value for our shareholders. As we begin 2021, we are encouraged about the prospects for Vista, Mt Todd and our shareholders. Most importantly, our strategy will continue to focus on programs to enhance value and de-risk Mt Todd as we work to achieve a valuation reflective of the size of the gold deposit, together with its Tier-1 mining jurisdiction in Australia's low-risk NT, favorable low operating costs, robust project economics, and the fact that we hold approvals for all major environmental permits. With an asset of this scale, one of the best ways to balance risk and narrow the gap between Vista's current market capitalization and Project net present value is to seek a strategic transaction with a partner who is prepared to provide Vista shareholders with an appropriate valuation for the interest to be acquired, and that brings project development and operation skills and financial strength as we advance Mt Todd together. Fundamental to any transaction that we may consider, is our commitment to preserve maximum Project ownership for our shareholders, while minimizing future dilution. It is important to reiterate that we are not constrained or obligated to complete a transaction that does not achieve the goal of enhancing Vista's valuation. Our top 2021 priorities are to achieve a market capitalization that is more reflective of the Mt Todd Project NPV, receive approval of the MMP, and initiate a follow up drill program to expand on the successful results of the current proof of concept drilling program."
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NGD | Hot Stocks06:40 EST New Gold CEO says 'we begin the new year as a much stronger company' - "During the year, we repositioned the Company for long-term success as we transition to free cash flow generation in 2021. We improved our operational and cost performance, executed on our strategic capital plans, restructured our balance sheet and improved our liquidity position and we have shifted our focus to driving further operational and cost optimizations at both our assets. We begin the new year as a much stronger company with a growing, higher-margin production profile, and following the expiration of our gold hedges at the end of 2020, we are now fully exposed to the higher gold price as well as the stronger copper price." stated Renaud Adams, CEO. "The Rainy River Mine is now entering a phase of strong production growth and free cash flow generation and has the potential to extend the life of the underground mine. At the New Afton Mine, we continue to advance all key B3/C-Zone projects on a self-funded basis that will position this asset for a robust free cash flow stream as the C-Zone begins production in the latter part of 2023. We have launched exploration drilling programs at both assets that could increase our resource inventory and potentially extend mine life."
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NGD | Hot Stocks06:39 EST New Gold reports Q4 gold production 120,567 gold equivalent ounces - Total production for the fourth quarter was 120,567 gold equivalent ounces (83,096 ounces of gold, 199,428 ounces of silver and 18.5M pounds of copper). For the year, production was 437,617 gold eq. ounces (293,139 ounces of gold, 636,952 ounces of silver and 72.1M pounds of copper), achieving mid-range of the revised annual production guidance. Exploration drilling programs at both assets were launched late in the fourth quarter and an update is expected to be released in the latter part of the first quarter. At the end of the quarter, the company had a cash position of $185M and a strong liquidity position of approximately $490M.
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CBKC | Hot Stocks06:37 EST Christopher & Banks voluntarily files Chapter 11 Bankruptcy - Christopher & Banks announced that it has filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey. The company has filed customary motions with the Bankruptcy Court that will authorize, upon Bankruptcy Court approval, the company's ability to maintain operations in the ordinary course of business, including, among other things, the payment of employee wages and benefits without interruption, payment of suppliers and vendors in the normal course of business, and the use of cash collateral. These motions are typical in the Chapter 11 process and the company anticipates that they will be approved shortly after the commencement of its Chapter 11 case. Details on the company's Chapter 11 process and go-forward strategy are as follows: The company expects to close a significant portion, if not all, of its brick-and-mortar stores and, in connection therewith, the company has launched a store closing and liquidation process. The company, however, will continue to operate its business in the ordinary course in the near term; and the company is in active discussion with potential buyers for the sale of its eCommerce platform and related assets and expects to file the appropriate motion shortly. As previously announced, on December 10, 2020, the company engaged strategic advisors including B. Riley Securities to assist with management's evaluation and pursuit of available strategic alternatives. Keri Jones, President and CEO, commented, "Since the start of the COVID pandemic, we have taken aggressive steps to protect our business while continuing to serve our customers in a healthy and safe environment. Despite the tremendous advancements we have made in executing our strategic plan, due to the financial distress resulting from the pandemic and its ongoing impact, we elected to initiate this process and pursue a potential sale of the business in whole or in part to position the company for the future. I want to extend my deepest gratitude to our dedicated associates, loyal customers and supportive partners for their commitment to Christopher & Banks throughout these challenging times."
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PW | Hot Stocks06:25 EST Power REIT acquires Greenhouse property for cannabis cultivation - Power REIT announced that it acquired a 4.31-acre parcel in Ordway, Colorado through a wholly owned subsidiary. The property has been leased by The Apotheke, a Minority Woman-Owned Business, which is owned and operated by Viviana Fernandez, and is one of only a few minority women owned cannabis businesses in Colorado. Fernandez is a seasoned operator with extensive grower and dispensary expertise. Power REIT has agreed to fund the immediate construction of an 21,548 square foot greenhouse and processing facility with a total capital commitment of approximately $1.8M including the land acquisition cost. Concurrent with the acquisition of the Property, PropCo entered into a 20-year "triple-net" lease with Apotheke, which will operate a cannabis cultivation facility. The lease requires Apotheke to pay all property related expenses including maintenance, insurance and taxes. After the initial 20-year term, Apotheke's lease provides two, five-year renewal options. The lease also has a personal guarantee from the owner. The lease requires Apotheke to maintain a medical marijuana license and to operate in accordance with all Colorado and municipal regulations while prohibiting retail sales of its products from the property. The lease is structured to provide straight-line annual rent of approximately $342,000 which represents an unleveraged CORE FFO yield of approximately 19% on the invested capital. The transaction increases Power REIT's CORE FFO on a run rate basis by approximately 9c per share. Core FFO assumptions are based on using proceeds from the pending Rights Offering Power REIT is conducting in order to fund the acquisition. Accordingly, such calculation is based on adding approximately 68,000 shares in order to provide an indication of the pro-forma impact from such acquisition.
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BLK | Hot Stocks06:21 EST BlackRock CEO says 'we begin 2021 well-positioned' - Laurence Fink, Chairman and CEO said, "The world faced unprecedented challenges in 2020 - many of which continue today. Through it all, BlackRock remained steadfast in meeting the needs of all our stakeholders. We stayed true to our purpose and used our voice and values to advocate on behalf of the institutions and individuals we help to meet their investment and savings goals, and to be a positive force in the communities where we operate. For decades, we've built our platform, strategy and culture around staying in front of clients' needs, and this approach was proven out during 2020. BlackRock generated $391 billion of total net inflows and we ended the year with strong momentum, evidenced by a record 13% annualized organic base fee growth in the fourth quarter. In addition, our ability to deliver global insights, strategic advice and comprehensive solutions to clients, no matter the market environment, drove positive flows across every asset class, investment style and region. Our strategic areas of investment flourished in 2020 as we saw record client demand for active equity, sustainable, cash and alternative investment strategies, generated $185 billion of net inflows into iShares ETFs and surpassed $1 billion in technology services revenue. BlackRock's continued investment in building a multi-faceted investment platform with integrated technology, data and risk management, scale, global reach and interconnectivity enables us to deliver strong and consistent investment performance and more stable outcomes for our clients. We begin 2021 well-positioned and intend to keep investing in our business to drive long-term growth and to lead the evolution of the asset management industry. In doing so, we remain committed to help millions of people build savings throughout their lives, make investing easier and more affordable, advance sustainable investing, and contribute to a more resilient economy that benefits more people."
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BLK | Hot Stocks06:19 EST BlackRock reports Q4 net inflows $126.93B
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BLK | Hot Stocks06:17 EST BlackRock reports Q4 AUM $8.68T, up 17% y/y
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KBR | Hot Stocks06:04 EST KBR signs alliance agreement with Mura Technology - KBR announced that it has signed an alliance agreement with Mura Technology Limited to offer Cat-HTRTM, an advanced plastics recycling process. Cat-HTR is a sustainability-focused technology that recycles end-of-life plastic such as thin plastic packaging, which would otherwise be combusted, sent to landfills or leaked into the environment. Cat-HTR converts these mixed plastics into an intermediate hydrocarbon feedstock that can be further refined to produce virgin polymers and chemicals. The technology is based on a patented hydrothermal upgrading process which utilizes supercritical water to produce stable hydrocarbon products from a wide range of mixed plastic waste. Mura has invested over 10 years in the development of this technology and has proven its performance at a large-scale pilot plant in Australia. Mura was awarded its first commercial license in 2020.
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NHF | Hot Stocks05:34 EST NexPoint Credit Strategies Fund extends offer to buy up to all shares of UDFI - NexPoint Strategic Opportunities Fund announced the extension of the offering period for its previously announced offer to purchase any and all shares of beneficial interest of United Development Funding IV, or UDFI, at a price of $1.10 per share upon the terms and subject to the conditions set forth in the offer to purchase and in the related assignment form for the offer. The offer is now scheduled to expire at midnight, Eastern Standard Time, at the end of the day on February 12, unless the offer is extended or earlier terminated. As previously announced on December 14, 2020, the offer is conditioned upon, among other things, the satisfaction or waiver of a number of conditions.
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BGNE | Hot Stocks05:29 EST BeiGene announces tislelizumab combination receives China NMPA approval - BeiGene announced that its anti-PD-1 antibody tislelizumab has received approval from the China National Medical Products Administration, or NMPA, for use in combination with two chemotherapy regimens as a first-line treatment for patients with advanced squamous non-small cell lung cancer, or NSCLC. This is the third approval in China for tislelizumab, and its first in a lung cancer indication. The approval of tislelizumab for the treatment of patients with advanced squamous NSCLC was supported by clinical results from a Phase 3 trial of tislelizumab combined with either paclitaxel and carboplatin or nab-paclitaxel and carboplatin compared to paclitaxel and carboplatin alone in patients with untreated stage IIIB or IV squamous NSCLC from mainland China. A total of 360 patients were randomized 1:1:1 to receive tislelizumab in combination with either chemotherapy regimen or chemotherapy alone. As announced in January 2020, the trial met the primary endpoint of statistically significant improvement in progression-free survival, or PFS, as assessed by independent review committee, or IRC, in the pre-planned interim analysis. The safety profile of tislelizumab in both combinations was consistent with the known risks of each study treatment, and no new safety signals were identified. The results of the interim analysis of the trial were presented at the 2020 American Society of Clinical Oncology, or ASCO, Virtual Scientific Program.
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IQ... | Hot Stocks05:26 EST iQIYI announces 'Deer Squad' to premiere in the U.S. this month - iQIYI (IQ) announced that its original CG-animated series in collaboration with Nickelodeon and VIS Kids, a division of ViacomCBS (VIAC) International Studios, "Deer Squad", will premiere on Nickelodeon in the U.S. on January 25. The company said the airing of "Deer Squad" in the U.S. market is a testament to the high quality of this iQIYI original animation and marks the successful entry of Chinese animation into an international market.
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VEEV | Hot Stocks05:20 EST Veeva to become public benefit corporation on February 1 - Veeva announced that in a majority vote, 99% of voting shareholders support the company's proposal to become a public benefit corporation, or PBC, including the majority of Veeva's largest shareholders. With shareholder approval, Veeva will become a public benefit corporation on February 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." Veeva's proposal to declassify its board of directors also received near unanimous approval by shareholders.
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ASAZY | Hot Stocks05:18 EST Assa Abloy sells Italian residential door business to Bertolotto - Assa Abloy has sold its Italian residential door business within Gardesa to Italy-based Bertolotto and is in the final stages to sell its remaining shutter business. Gardesa is an Italian manufacturer of residential security doors and roller shutters, headquartered in Cortemaggiore, Italy with around 70 employees. The company's total sales in 2020 was approximately EUR 10M.The company said the transaction will have a positive effect on its operating margin. The divestiture resulted in a capital loss and exit costs amounting to EUR 18M booked during Q4. The divestiture of the shutter business is expected to be completed during Q1 of 2021.
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NOK TMUS | Hot Stocks05:14 EST Nokia, T-Mobile continue 5G partnership with five-year deal - Nokia (NOK) announced a continuation of its long standing T-Mobile (TMUS) partnership with a five-year deal. T-Mobile will utilize Nokia's AirScale Radio platform to deploy an Ultra Capacity 5G layer with 2.5GHz Massive MIMO technology. Under the new agreement, Nokia will continue to expand T-Mobile's extended range 5G coverage. Massive MIMO will boost network performance to its customers in the form of higher speeds and lower latency, further assisting T-Mobile's home internet strategy. As part of the deal, Nokia will also enable T-Mobile to upgrade its mid-band LTE network to 5G and continue to expand their extended range 5G network.
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PHG MRK | Hot Stocks05:08 EST Philips. Merck partner on personalized fertility treatment solutions - Philips (PHG) announced a multi-year partnership with Merck (MRK) to develop clinical-grade digital solutions for personalized fertility treatment. Leveraging digital health technologies, advanced informatics and mobile, AI-enabled ultrasound diagnostics, these solutions will aim to better inform patients and clinicians about the choice and timing of fertility treatment to maximize the chances of conception.
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