Stockwinners Market Radar for January 26, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
GH | Hot Stocks19:40 EST Guardant Health CEO sells 160.9K shares of common stock - In a regulatory filing, Guardant Health disclosed that its CEO Helmy Eltoukhy sold 160.9K shares of common stock on January 22nd in a total transaction size of $25.6M, reducing his stake by about 5%.
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BTAI | Hot Stocks19:30 EST BioXcel Therapeutics granted FDA Orphan Drug Designation for Talabostat - BioXcel Therapeutics announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation for Talabostat for the treatment of soft tissue sarcoma. Reference Link
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SRNE | Hot Stocks19:20 EST Sorrento Therapeutics jumps 5% to $11 after positive COVI-MSC study data
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RSI | Hot Stocks19:19 EST Rush Street Interactive to launch BetRivers.com online sportsbook in Virginia - Rush Street Interactive announced the launch of its flagship brand and industry leading online sportsbook, BetRivers.com, in Virginia. Beginning tomorrow, sports enthusiasts across the Commonwealth of Virginia will be able to register, deposit funds and place bets at BetRivers.com on their favorite teams and events safely from their mobile devices and computers.
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SRNE | Hot Stocks19:11 EST Sorrento reports 'positive' preliminary results of Phase 1b COVID-MSC study - Sorrento Therapeutics announced positive preliminary results from its Phase 1b study of human allogeneic adipose-derived mesenchymal stem cells for patients suffering from COVID-19-induced acute respiratory distress or acute respiratory distress syndrome. This ongoing study iss a single arm, non-randomized Phase 1b study of the safety and preliminary efficacy of COVI-MSCs administered every other day for three infusions for a total of 1 x 106 cells/kg. The primary objective is to evaluate the safety of intravenous infusion of allogeneic adipose MSC cells in patients with COVID-19-induced ARD or ARDS. The secondary objective is to evaluate efficacy outcome variables to give guidance regarding the risk/benefit ratio in patients with COVID-19 respiratory distress. The first three patients enrolled tolerated treatment well and improved rapidly. Each of the three patients was discharged from the hospital within a week of starting the patient's COVI-MSC infusions and two patients were discharged on the day of their last infusion. One of the patients had been in the hospital for three weeks, unable to be weaned from significant oxygen support, and another patient with uncontrolled diabetes had been discharged previously but had to be readmitted due to recurrent ARD. Each of the infusions were well-tolerated and no patient reported any infusion-related adverse events. A fourth patient is currently at the beginning of a course of treatment, with no safety issues following the patient's first infusion. Additional enrollment continues.
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LEVI TGT | Hot Stocks19:06 EST Target, Levi Strauss expand partnership with limited-edition collection - Target Corporation (TGT) announced a limited-edition collection with Levi Strauss & Co. (LEVI), featuring an assortment of home and lifestyle items and marking Levi's first Home partnership. Reinventing what a retailer's relationship with a national brand can represent, the Levi's for Target limited-edition Home collection builds on the decade-long partnership between the two iconic companies, which began with the introduction of the DENIZEN from Levi's value denim brand, and expanded in 2019 with the introduction of Levi's Red Tab brand at Target. As part of the Red Tab expansion, Target is rolling out curated in-store displays to be set in 500 stores by Fall 2021. The new Levi's for Target limited-edition collection launches Feb. 28, 2021. Available at Target.com and in most Target stores, the collection features thoughtfully-designed, durable pieces meant to inspire a more sustainable home and life.
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SBUX WBA | Hot Stocks19:02 EST Walgreens Boots Alliances confirms appointment of Rosalind Brewer as CEO - Walgreens Boots Alliance (WBA) announced the appointment of RosalindBrewer as the company's Chief Executive Officer, effective on March 15, 2021. Brewer will also join the WBA Board of Directors upon assuming the role. She succeeds Stefano Pessina who, as previously announced, will transition to the role of Executive Chairman of the Board of WBA. Pessina has served as the CEO of the combined company for six years following the merger between Walgreens and Alliance Boots in December 2014. During his tenure, he transformed and modernized the company into a global pharmacy, health and wellness leader, significantly expanding WBA's retail footprint and investing in digitalization. Pessina will replace James Skinner as Executive Chairman of WBA in March 2021. Skinner will remain on the WBA Board as a non-executive director to facilitate a smooth leadership transition. Brewer most recently served as Chief Operating Officer, Group President and member of the Board of Directors of Starbucks Corporation (SBUX), where she has been instrumental in helping the company accelerate its growth strategy, expand its global reach and drive value for all of Starbucks' diverse stakeholders.
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MSFT | Hot Stocks18:23 EST Microsoft CEO says Office 365 to see increased usage depth - Says there will be more flexibility for workers in terms of time and location - unlikely to see return to January 2020. Says the key is maintain flexibility. Comments taken from Q2 earnings conference call.
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ALL BX | Hot Stocks18:11 EST Allstate to sell Allstate Life Insurance Co. to Blackstone entities for $2.8B - The Allstate Corporation (ALL) has agreed to sell Allstate Life Insurance Company to entities managed by Blackstone (BX) for $2.8B. ALIC holds approximately 80%, or $23B, of Allstate's life and annuity reserves and generated net income of $467M in 2019 and a net loss of $23M in the first nine months of 2020. The transaction is subject to regulatory approval with an expected closing in the second half of 2021. Allstate will sell ALIC and certain subsidiaries, excluding Allstate Life Insurance Company of New York, to entities managed by Blackstone for $2.8B, including a pre-closing dividend from ALIC of up to $400M. All statutory earnings from March 31, 2020, to closing, will be retained by Allstate. The transaction will reduce Allstate's GAAP reserves by $23B. Blackstone will enter into an asset management agreement for ALIC's $28B of investments. Allstate will retain ownership of ALNY, which has $5B of GAAP reserves and is pursuing alternatives to sell or otherwise transfer risk to a third party. "Allstate has been surgically deploying capital out of spread-based products with life and annuity liabilities declining to $5 billion after the closing of this transaction," said Mario Rizzo, Allstate CFO. "The investment portfolio will decline by approximately $28 billion to $63 billion. A financial book loss of approximately $3.1 billion will be recorded in the first quarter of 2021 given the lower returns on equity for the annuity businesses. Adjusted Net Income Return on Equity will increase by approximately 1 percentage point," concluded Rizzo.
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MSFT | Hot Stocks18:11 EST Microsoft CEO says will see structurally changed tech environment post-Covid - Says company is benefiting from digital technology growth. Comments taken from Q2 earnings conference call.
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ALL BX | Hot Stocks18:08 EST Allstate to sell Allstate Life Insurance Co. to Blackstone entities for $2.8B
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MSFT | Hot Stocks18:06 EST Microsoft sees Q3 Productivity and Business Processes revenue $13.35B-$13.6B - Sees Q3 Intelligent Cloud revenue $14.7B-14.95B. Sees Q3 More Personal Computing revenue $12.3-12.7B. Sees Q3 gaming segment growth up about 40%. Sees COGS $13.1B-$13.9B. Sees Q3 tax rate about 15%. Comments taken from Q2 earnings conference call.
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RHP | Hot Stocks18:00 EST Ryman says Q4 hospitality portfolio 'profitable at the property level' - Ryman Hospitality said in an investor slides presentation, that its hospitality portfolio was profitable at the property level in Q4 on 19.6% occupancy, 24.5% excluding the closed Gaylord National, and $210 ADR.
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RHP | Hot Stocks17:52 EST Ryman Hospitality: Forward book positioned for accelerated rebound with vaccine - The company said that at year-end 2020, group occupancy on the books for the 2nd half of 2021, T+1, "is not very far below" year ago levels; For 2022, T+2, group occupancy on-the-books of 41% is on par with T+2 position at year-end 2019, and at 1.6% higher ADR; Group occupancy for T+3 and T+4 is only slightly below pre-COVID-19 levels from year-end 2019, but also at higher ADRs. The company provided the information in an investor slides presentation.
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WBA | Hot Stocks17:52 EST Walgreens Boots Alliance jumps 4% to $51.19 on report of new CEO appointment
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SLGN | Hot Stocks17:46 EST Silgan Holdings jumps 3% to $37.45 after Q4 earnings beat
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PFE... | Hot Stocks17:41 EST Biden announces plans for U.S. to buy 200M extra COVID-19 doses - U.S. President Joe Biden announced steps to help meet the goal of administering 100M COVID-19 vaccines in 100 days and ramp up vaccine supply as fast as possible. As a result of these actions, the federal government will have enough vaccine supply for the entire U.S. population by the end of the summer, it said. The Biden-Harris Administration will increase overall, weekly vaccine supply to states, Tribes and territories from 8.6M doses to a minimum of 10M doses. The Administration is committing to maintaining this as the minimum supply level for the next three weeks. The Biden-Harris Administration is also taking action to provide states, Tribes and territories with a reliable three-week supply look-ahead. The Department of Health and Human Services will provide allocation estimates for the upcoming three weeks as opposed to the one week look-ahead that they previously received. In addition, Biden has directed his COVID-19 Response Coordinator to work with HHS to increase our total vaccine supply for the American people. The Biden-Harris Administration is working to purchase an additional 100M doses of each of the two Food and Drug Administration-authorized vaccines - Pfizer (PFE) and Moderna (MRNA). This increases the total vaccine order for the U.S. by 50%, from 400M to 600M with these additional doses expected to deliver this summer. With these additional doses, the U.S. will have enough vaccine to fully vaccinate 300M Americans by the end of this summer, the president said. Reference Link
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SYF | Hot Stocks17:38 EST Synchrony announces approval of $1.6B share repurchase program - Synchrony Financial announced that its board has approved a share repurchase program of up to $1.6B, commencing this quarter through December 31, 2021. The board also declared a quarterly cash dividend of 22c per share of common stock, payable on February 16 to holders of record at the close of business on February 5.
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SBUX | Hot Stocks17:38 EST Starbucks continues to see volatility in China
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SBUX | Hot Stocks17:37 EST Starbucks 'delighted' with pace of business recovery in Q1 - Says U.S. business on track to fully recover in current quarter. Says remains confident in strength of brand.
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PB | Hot Stocks17:32 EST Prosperity Bancshares announces up to 4.65M share stock repurchase program - Prosperity Bancshares announced that its board authorized a stock repurchase program under which the Company may repurchase up to 5%, or approximately 4.65M shares, of its outstanding common stock over a one-year period expiring on January 26, at the discretion of management. Repurchases under this program may be made from time to time in open market transactions, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Repurchases under this program also may be made in transactions outside the safe harbor provided by Rule 10b-18 during a pending merger, acquisition or similar transaction.
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SBUX | Hot Stocks17:30 EST Starbucks COO Roz Brewer to step down - In a regulatory 8-K filing Starbucks announced that "Rosalind Brewer has informed the company that she is resigning from her position as COO and group president, effective February 26, 2021, to become the CEO of another publicly traded company. Beginning February 8, 2021, Ms. Brewer's responsibilities will transition to other members of the Starbucks leadership team. Rossann Williams, executive vice president, president U.S. company-operated business and Canada and a 16 year Starbucks partner, will assume responsibility for the U.S. licensed stores, Latin America, Global Supply Chain and Global Store Concepts/Area Transformation businesses. Brady Brewer, executive vice president, chief marketing officer and a 19 year Starbucks partner, will lead technology, analytics & insights, and innovation culture and methodologies."
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ZION | Hot Stocks17:28 EST Zions Bancorp VP Blackford sells $187K in shares - Zions Bancorp VP David Blackford disclosed that he had sold 3,970 shares of company for $47.04 per share on January 22, for a total value of $186,749.
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CTMX | Hot Stocks17:27 EST Point72 Asset Management reports 9.1% passive stake in CytomX Therapeutics - Point72 Asset Management disclosed a 9.1% stake in CytomX Therapeutics, which represents over 5.52M shares. The filing does not allow for activism.
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SBUX | Hot Stocks17:20 EST Starbucks says food service continues to be soft - Starbucks (SBUX) says food service continues to be softened in current environment. Says "proud" of alliance with Nestle (NSRGY).
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SBUX | Hot Stocks17:19 EST Starbucks entered 15 new cities in China in Q1 - Says China leadership delivered another "great" quarter. Says opened almost 160 stores in China in the quarter. Says entered 15 new cities in China in the quarter. Says continues to "dramatically" expand customer relationships in China through customer rewards program. Says mobile orders have doubled in China over the last 12 months. Says consumption of ready-to-drink products in U.S. grew 18% in Q1.
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WAFD | Hot Stocks17:16 EST Washington Federal raises quarterly dividend by 4.5% to 23c per share - The dividend will be paid February 19th, 2021 to common stockholders of record as of February 5th, 2021.
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SBUX | Hot Stocks17:14 EST Starbucks says mobile orders now make up 25% of all transactions - Says cold beverages continue to resonate with customers. Says all three major cold beverages saw year-over-year sales increases. Says saw accelerating growth in customer engagement. Comments taken from Q1 earnings conference call.
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BUSE | Hot Stocks17:03 EST First Busey raises quarterly dividend nearly 5% to 23c per share - First Busey will pay a cash dividend on January 29, 2021 of $0.23 per common share to stockholders of record as of January 22, 2021, which represents nearly a 5% increase from the previous quarterly dividend of $0.22 per common share.
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COF | Hot Stocks16:41 EST Capital One jumps 5% to $104.95 after Q4 results beat estimates - The company also announced a $7.5B share repurchase plan.
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FCEL | Hot Stocks16:41 EST FuelCell CEO Jason Few buys almost $200K in company shares - FuelCell CEO Jason Few disclosed the he had purchased 11,000 shares of company stock at $17.99 per share on January 25, for a total cost of $197,890.
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LVS | Hot Stocks16:39 EST Las Vegas Sands names Robert Goldstein as Chairman and CEO - Las Vegas Sands has named long-time company executive Robert Goldstein chairman and CEO, after having assumed the role as acting chairman and CEO on January 7. Patrick Dumont has been named president and COO, and Randy Hyzak will now serve as CFO. Dumont previously served as executive vice president and CFO, and Hyzak was chief accounting officer. The changes come as the company continues to mourn the loss of its visionary founder, Sheldon Adelson, who was the company's chairman and CEO since its inception. Adelson passed away on January 11 at the age of 87 from complications related to treatment for non-Hodgkin's Lymphoma. Goldstein joined the company in 1995 and became a member of the Board of Directors in January 2015. Prior to his appointment as chairman and chief executive officer, Goldstein had served as president and COO since January 2015. His previous roles with the company include president of global gaming operations and executive vice president and president and COO of The Venetian and The Palazzo Las Vegas. Dumont joined Sands in 2010 and has been a director of the company since April 2017. In addition to his role as executive vice president and CFO, Dumont also held positions as senior vice president, finance and strategy, and vice president, corporate strategy. Prior to his roles at Sands, Dumont worked in corporate finance. Hyzak now assumes the role of CFO, after serving as senior vice president and chief accounting officer since joining the company in March 2016. Prior to Sands, Hyzak served as vice president and chief accounting officer at Freescale Semiconductor, and previously held other finance and accounting leadership positions at Freescale Semiconductor, including corporate controller.
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LRN | Hot Stocks16:37 EST Stride falls 4% to $25.00 after Q2 results, CEO departure
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IGT | Hot Stocks16:36 EST International Game platform powers FanDuel Sportsbook mobile app - International Game Technology announced that its PlaySports platform is powering the recently launched FanDuel Sportsbook mobile app in Michigan, the latest U.S. state to introduce regulated online sports betting and iGaming. In addition, proven IGT PlayDigital PlayCasino games such as Fortune Coin, Cleopatra, Game King and IGT Blackjack can now be enjoyed by online players throughout Michigan via FanDuel Casino. These deployments complement the state-of-the-art FanDuel Sportsbook at MotorCity Casino in Detroit that opened in March 2020.
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LVS | Hot Stocks16:35 EST Las Vegas Sands names Robert Goldstein as Chairman and CEO
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ROL | Hot Stocks16:34 EST Rollins declares quarterly dividend of 8c per share - Payable March 10 to stockholders of record at the close of business on February 10.
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WSBC | Hot Stocks16:33 EST WesBanco reports Q4 EPS 75c, consensus 61c - Reports Q4 Tangible book value per share $21.75 compared to $21.39 in the previous quarter. Todd F. Clossin, President and CEO, commented, "2020 was a successful year for WesBanco, as measured by the more than ten thousand individuals, families, businesses, and non-profits we assisted as they navigated through the pandemic. I am extremely proud of how our employees have responded this past year, from keeping our financial centers open throughout, working around the clock closing PPP loans to our commercial customers, and providing charitable donations to support those in need. These actions speak loudly to our community bank roots."
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LRN | Hot Stocks16:33 EST Stride CEO Nate Davis to retire - The company announced that Nathaniel Davis is retiring from his role as CEO. He will remain active in the business as the Executive Chairman of Stride's Board of Directors supporting the company's strategy, public policy, and external relations initiatives. The Board of Directors has selected James J. Rhyu to replace Mr. Davis as Chief Executive Officer. Mr. Rhyu assumes the role of CEO from his current position as President of Corporate Strategy, Marketing, and Technology.
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KRBP | Hot Stocks16:32 EST Kiromic BioPharma completes license pact with Longwood University for chPD1 - Kiromic BioPharma announced the completion of the chPD1 licensing agreement with Longwood University. "Longwood University is proud to have completed this chPD1 licensing agreement with Kiromic. We believe that Kiromic has a strong Allogenic Off-The-Shelf CAR-T program which will be even stronger with chPD1. The role that chPD1 plays in the modulation of the tumor micro-environment (TME) can never be underestimated when treating solid tumors," says Dr. Amorette Barber, PhD, Associate Professor of Biology and Director of the Office of Student Research at Longwood University. "The completion of the licensing agreement for chPD1 marks a major milestone for Kiromic CAR-T development. With chPD1, we believe our chimeric PD1 CAR-T will be able to overcome the challenging tumor micro-environment (TME) which has plagued other CAR-T programs," says Dr. Maurizio Chiriva-Internati, PhD, CEO of Kiromic BioPharma.
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EHC | Hot Stocks16:28 EST Encompass Health: 'No decision has been made' on home health and hospice unit - On December 9, 2020, the company announced it is exploring strategic alternatives for its home health and hospice business. The review is ongoing, and no decision has been made. Accordingly, the company's 2021 guidance and longer term growth targets assume the continuation of the current structure of the business. The guidance and growth targets may change depending on the ultimate outcome of the review. Base year 2020 adjusted free cash flow benefited from a temporary payroll tax holiday. Exclusive of this item, the adjusted free cash flow CAGR target would be 8%-10%.
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CNI | Hot Stocks16:26 EST Canadian National announces share repurchase and 7% boost to 2021 dividend - CN announced that its Board of Directors has approved the repurchase of its shares under a new normal course issuer bid and approved a seven per cent increase in the 2021 dividend on the Company's common shares outstanding. The Bid permits CN to purchase, for cancellation, over a 12-month period up to 14 million common shares, representing 2.36 per cent of the 593,951,550 common shares issued and outstanding of the Company not held by insiders on January 18, 2021. On that date, 711,653,063 CN common shares were issued and outstanding. hislain Houle, CN executive vice-president and chief financial officer, said: "We are confident in CN's ability to generate free cash flow over the business cycle and we are pleased to announce that we will be resuming the use of surplus capital to repurchase Company shares in 2021, while maintaining our 25-year track record of dividend growth". The decisions regarding the timing and size of future purchases of common shares under the Bid are subject to management's discretion and are based on a variety of factors, including market conditions. The new Bid was approved by the Toronto Stock Exchange. As at the close of trading on January 18, 2021, CN had repurchased 1,982,778 common shares at a weighted-average price of C$113.53 per share, excluding brokerage fees, returning C$225 million to its shareholders. Purchases were made on the open market. CN paused its share repurchases between the end of March 2020 and January 31, 2021 due to the economic circumstances. CN's Board of Directors also approved a first-quarter 2021 dividend on the Company's common shares outstanding. A quarterly dividend of sixty-one and a half cents C$0.6150 per common share will be paid on March 31, 2021, to shareholders of record at the close of business on March 10, 2021.
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SBUX | Hot Stocks16:24 EST Starbucks drops 1% to $103.30 after Q2 earnings view misses consensus
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BKH | Hot Stocks16:22 EST Black Hills gets approval for consolidation and rate increase in Nebraska - Black Hills announced that its Nebraska natural gas utility, Black Hills Nebraska Gas, LLC, doing business as Black Hills Energy, received approval from the Nebraska Public Service Commission of a settlement agreement providing the company a general rate increase and allowing consolidation of its base rates and tariffs. The commission's approval is the final step in Black Hills' utility jurisdiction consolidation process in Nebraska. Previously, Black Hills received approval and legally consolidated its two natural gas utilities in the state. This settlement agreement allows Black Hills Energy to establish statewide uniform customer rates and consolidate general tariffs. "This approval is an important step toward simplifying how we operate our natural gas utilities in Nebraska," said Linn Evans, president and CEO of Black Hills Corp. " The approved settlement will shift approximately $4.6 million of rider revenue to base rates and will generate an estimated $6.5 million in new annual base rate revenues starting March 1, 2021, to recover Black Hills Energy's investments in utility infrastructure and increased operating expenses. The new revenue is based on a return on equity of 9.5% and a capital structure of 50% equity and 50% debt. The approved settlement agreement also allows Black Hills Energy to renew and expand its System Safety and Integrity Rider across all its Nebraska service area to recover the costs of safety infrastructure projects during the next five years.
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GNW | Hot Stocks16:21 EST Genworth COO Kevin Schneider to resign, effective January 26 - On January 26, Genworth Financial announced that Kevin Schneider will resign as Executive Vice President and COO, effective January 26, but will remain employed with the company in an advisory role through May 31. His resignation as an executive officer and termination of employment will trigger payments to him, vesting acceleration of certain equity awards and retirement benefits pursuant to the previously disclosed terms of the company's Key Employee Severance Plan.
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MSFT | Hot Stocks16:20 EST Microsoft CFO cites 'accelerating demand' for cloud revenue growth - "Accelerating demand for our differentiated offerings drove commercial cloud revenue to $16.7 billion, up 34% year over year," said Amy Hood, executive vice president and CFO of Microsoft. "We continue to benefit from our investments in strategic, high-growth areas."
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PFC | Hot Stocks16:20 EST Premier Financial increases share buyback authorization to up to 2M shares - At December 31, 2020, 570,000 common shares remained available for repurchase under the Company's existing repurchase program. On January 26, 2020, the Company's Board of Directors approved an increase in the Company's repurchase authorization to up to 2,000,000 shares of common stock, or approximately 5% of current outstanding shares.
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PFC | Hot Stocks16:19 EST Premier Financial raises quarterly dividend 9.1% to 25c per share - Premier Financial's Board of Directors declared a quarterly cash dividend of $0.24 per common share payable February 19, 2021, to shareholders of record at the close of business on February 12, 2021. The dividend represents an annual dividend of 3.6 percent based on the Premier common stock closing price on January 25, 2021. Premier has approximately 37,299,000 common shares outstanding.
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MSFT | Hot Stocks16:19 EST Microsoft CEO sees 'dawn of a second wave of digital transformation' - "What we have witnessed over the past year is the dawn of a second wave of digital transformation sweeping every company and every industry," said Satya Nadella, CEO of Microsoft. "Building their own digital capability is the new currency driving every organization's resilience and growth. Microsoft is powering this shift with the world's largest and most comprehensive cloud platform."
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PFC | Hot Stocks16:19 EST Premier Financial's Gary Small to become CEO on April 1, 2021 - The Boards of Directors and Donald P. Hileman set the date for his transition from CEO of Premier Financial Corp. and Premier Bank to Executive Chairman of both Boards of Directors at March 31, 2021, consistent with plans outlined in the Agreement and Plan of Merger between the Company and UCFC, dated September 9, 2019. On April 1, 2021, Gary M. Small will become CEO and President of both Premier Financial Corp. and Premier Bank and remain a member of the Boards of Directors. "Don's strong leadership as CEO over the past seven years and through the UCFC merger has been instrumental in creating a strong foundation for the continued success of the company," said Gary M. Small, President of Premier. "We've worked closely over the past 16 months, preparing to ensure this is a smooth transition."
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MSFT | Hot Stocks16:19 EST Microsoft reports Q2 More Personal Computing revenue up 14% to $15.1B - Revenue in More Personal Computing was $15.1B and increased 14%, up 13% in constant currency. Windows OEM revenue increased 1% and Windows Commercial products and cloud services revenue increased 10%, up 8% in constant currency. Xbox content and services revenue increased 40%, up 38% in constant currency. Surface revenue increased 3%, up 1% in constant currency. Search advertising revenue excluding traffic acquisition costs increased 2%, up 1% in constant currency.
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CHRW | Hot Stocks16:17 EST C.H. Robinson says freight market to remain tight for much of 2021 - The company states: "Due to several factors, including shortages in the number of drivers and available carrier capacity, freight markets remain tight, and we anticipate this will continue for much of 2021. We're committed to creating better outcomes for our customers and carriers, by delivering industry leading technology that is built by and for supply chain experts and by leveraging our broad service portfolio and our unmatched combination of experience, scale and information advantage to meet their ever-changing needs. We're also firmly committed to the focus areas of our investors, including profitable market share growth, investing in technology to unlock growth and efficiency, being a responsible corporate citizen, and driving the transformation of C.H. Robinson, so that we can deliver industry-leading margins and enhance shareholder value."
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NNI | Hot Stocks16:16 EST Nelnet division acquires Catholic Faith Technologies - Nelnet Business Services, a division of Nelnet, is expanding its church technology offerings with the recent acquisition of Catholic Faith Technologies, or CFT, an online learning and formation platform company located in Overland Park, KS. CFT currently offers their learning management technology and services to faith-based organizations as Catholic Faith Technologies and to businesses under the CD2 Learning brand. Their award-winning Software as a Service technology delivers micro-learning opportunities and customizable training platforms to churches, non-profit organizations, and companies across the country.
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CHRW | Hot Stocks16:16 EST C.H. Robinson says Q4 saw solid performance across service portfolio - CEO Bob Biesterfeld says: "Our fourth quarter was marked by solid performance across our broad service portfolio, continued progress on repricing our truckload business to reflect the changing market conditions, and further advancements in our technology and transformation efforts that are providing meaningful improvements. Our enterprise portfolio that allows us to offer end-to-end solutions for our customers is unique to the logistics industry, and shippers continue to rely on Robinson's global supply chain expertise and our data and scale advantages to ensure critical goods are moved as quickly and as inexpensively as possible."
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SBUX | Hot Stocks16:14 EST Starbucks CEO says Q1 started with 'meaningful, sequential improvement' - CEO Kevin Johnson says: "I am very pleased with our start to fiscal 2021, with meaningful, sequential improvements in quarterly financial results despite ongoing business disruption from the pandemic. Investments in our partners, beverage innovation and digital customer relationships continued to fuel our recovery and position Starbucks for long-term, sustainable growth. Our results demonstrate the continued strength and relevance of our brand, the effectiveness of the actions we've taken to adapt to changes in consumer behavior and the steadfast commitment of our green apron partners to serve our customers and communities. We remain optimistic about our robust operating outlook for fiscal 2021 as well as our ability to unlock the full potential of Starbucks to create value for our stakeholders."
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MSFT | Hot Stocks16:12 EST Microsoft reports Q2 Productivity and Business Processes revenue up 13% - Revenue in Productivity and Business Processes was $13.4B and increased 13%, up 11% in constant currency. Office Commercial products and cloud services revenue increased 11%, up 9% in constant currency, driven by Office 365 Commercial revenue growth of 21%, up 20% in constant currency. Office Consumer products and cloud services revenue increased 7%, up 6% in constant currency, and Microsoft 365 Consumer subscribers increased to 47.5M. LinkedIn revenue increased 23%, up 22% in constant currency.
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COF | Hot Stocks16:11 EST Capital One reports common equity Tier 1 capital ratio 13.7% at December 31
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MSFT | Hot Stocks16:11 EST Microsoft reports Q2 Intelligent Cloud revenue up 23% to $14.6B - Revenue in Intelligent Cloud was $14.6B and increased 23%, up 22% in constant currency. Server products and cloud services revenue increased 26%, up 24% in constant currency, driven by Azure revenue growth of 50%, up 48% in constant currency.
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TXN | Hot Stocks16:10 EST Texas Instruments sees 2021 annual operating tax rate ~14%
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IAA | Hot Stocks16:10 EST DDI Technology expands into Indiana state electronic vehicle title market - IAA subsidiary DDI Technology announced the expansion of their electronic title and registration product offering into the state of Indiana as an authorized Partial Service Provider of Electronic Title & Registration and salvage title processing services. Through Premier EVR, DDI will now provide a secure, web-based software system for Indiana dealers to electronically submit vehicle registrations and title applications, along with tag and title transaction fees, directly to the Indiana Bureau of Motor Vehicles, thereby eliminating trips to the BMV for their customers. Premier EVR also allows dealers to access real-time current title, vehicle and owner data and provides quotes for taxes and registration to owners. "Partnering with the state of Indiana as a service provider aligns with our overall strategy to automate titling and registration services for dealers," said Todd Phillips, Director of Sales. "Our expert product team and support staff are especially excited about the document management and tracking aspects of our Premier EVR(TM) product, allowing documents to be sent to the state electronically and eliminating mailing, delivery delays and associated costs."
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AEZS | Hot Stocks16:10 EST Aeterna Zentaris given Nasdaq notice of additional 180 days to regain compliance - Aeterna Zentaris announced that it has received a notification letter from The Nasdaq Stock Market notifying the Company that it has been granted an additional 180 calendar day period to regain compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Capital Market. This current notification from Nasdaq has no immediate effect on the listing or trading of the Company's shares, which will continue to trade on the Nasdaq Capital Market under the symbol "AEZS". The Company has an additional 180 calendar days from the date of notification, which occurred on January 26, 2021, or until July 26, 2021, to regain compliance with the minimum bid price requirement. If at any time before July 26, 2021, the bid price of the Company's common shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, Nasdaq will provide written notification to the Company that it has achieved compliance with the minimum bid price requirement.
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SBUX | Hot Stocks16:10 EST Starbucks reports Q1 global comps down 5%, Americas comps down 6% - The company states: "Global comparable store sales declined 5%, driven by a 19% decrease in comparable transactions, partially offset by a 17% increase in average ticket. Americas comparable store sales declined 6%, driven by a 21% decrease in comparable transactions, partially offset by a 20% increase in average ticket; U.S. comparable store sales declined 5%, driven by a 21% decrease in comparable transactions, partially offset by a 19% increase in average ticket. International comparable store sales were down 3%, driven by a 10% decline in comparable transactions, partially offset by an 8% increase in average ticket; China comparable store sales were up 5%, driven by a 9% increase in average ticket, partially offset by a 3% decline in transactions; International and China comparable store sales are inclusive of a benefit from value-added tax exemptions of approximately 3% and 5%, respectively."
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NUS | Hot Stocks16:09 EST Nu Skin acquires 3i Solutions, terms not disclosed - Nu Skin Enterprises announced the acquisition of 3i Solutions, an innovative company that develops and manufactures ingredients for consumer markets through proprietary encapsulation technologies. "We believe these technologies will enable Nu Skin to create new product forms and increase the performance of its formulations in beauty and wellness by leveraging 3i's proprietary research and processes."
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HA | Hot Stocks16:09 EST Hawaiian Holdings sees FY21 Cap-Ex $50M-$70M - The Company announced on December 8, 2020 that it will launch four new routes in March and April 2021; nonstop flights from Honolulu to Austin, Texas; Orlando, Florida, and Ontario, California as well as a new flight from Long Beach, California to Maui. The Company expects its Q1 capacity to be down about 50% compared to the Q1 of FY19, with the State of Hawai'i's pre-travel testing program anticipated to remain in place throughout the Q1. The Company expects its FY21 capital expenditures to be approximately $50M-$70M.
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AGIO | Hot Stocks16:09 EST Agios Pharmaceuticals announces ACTIVATE-T trial meets primary endpoint - Agios Pharmaceuticals announced that the global, open-label Phase 3 ACTIVATE-T trial of mitapivat in regularly transfused adults with PK deficiency demonstrated a statistically significant and clinically meaningful reduction in transfusion burden. All 27 patients enrolled in the study were treated with mitapivat. In the 24-week fixed dose period, 37% achieved a 33% reduction in transfusion burden compared to individual historical transfusion burden standardized to 24 weeks. In addition, 22% were transfusion-free during the 24-week fixed dose period. Mitapivat is a first-in-class, investigational, oral, small molecule allosteric activator of wild-type and a variety of mutated PKR enzymes. Agios recently reported that its global, randomized, double-blind, placebo-controlled Phase 3 ACTIVATE trial of mitapivat in adults with PK deficiency who do not receive regular transfusions met its primary endpoint, with 40% of patients randomized to mitapivat achieving a hemoglobin response, defined as a 1.5 g/dL sustained increase in hemoglobin concentration from baseline, compared to 0 patients randomized to placebo. Agios anticipates filing for regulatory approval based on data from ACTIVATE and ACTIVATE-T in the U.S. in Q2 and in the EU in mid-2021, with a potential 2022 commercial launch in both geographies. Results from the ACTIVATE-T trial were as follows: 37% of patients dosed with mitapivat achieved a 33% reduction in transfusion burden in the 24-week fixed dose period compared with individual historical transfusion burden standardized to 24 weeks. Overall, 22% of patients dosed with mitapivat were transfusion-free during the 24-week fixed dose period. Treatment with mitapivat showed a reduction in the annualized total number of red blood cell units transfused during the study compared with the historical transfusion burden. The safety profile observed in the study was consistent with previously reported data. Agios is conducting a full analysis of the ACTIVATE-T results and expects to submit the complete results of the trial for presentation at the European Hematology Association, or EHA, virtual congress, which is being held June 9-17. ACTIVATE-T is one of two studies intended to support a marketing application for mitapivat in patients with PK deficiency. In addition to the ACTIVATE-T trial, Agios recently reported topline results from the global Phase 3 ACTIVATE trial of mitapivat in adults with PK deficiency who do not receive regular transfusions. A full analysis of the data - including patient-reported outcomes - is expected to be submitted for presentation at the EHA Virtual Congress. Agios is also conducting an extension study for adults with PK deficiency previously enrolled in ACTIVATE or ACTIVATE-T, which is designed to evaluate the long-term safety, tolerability and efficacy of treatment with mitapivat. Agios is also conducting a Phase 2 study evaluating the efficacy, safety, pharmacokinetics and pharmacodynamics of treatment with mitapivat in adults with non-transfusion-dependent a- or ss-thalassemia. The trial is fully enrolled, and the primary endpoint is hemoglobin response, defined as a 1.0 g/dL increase in Hb concentration from baseline at one or more assessments between Week 4 and Week 12. Results from the study are expected to be submitted for presentation at the EHA Virtual Congress. Agios expects to initiate two Phase 3 studies of mitapivat, ENERGIZE and ENERGIZE-T, in not regularly transfused and regularly transfused adults with thalassemia in the second half of 2021. In addition, mitapivat is being evaluated as a potential treatment for sickle cell disease under a Cooperative Research and Development Agreement with the U.S. National Institutes of Health. Mitapivat has been shown to decrease 2,3-diphosphoglycerate and increase adenosine triphosphate, and through this mechanism, it may reduce hemoglobin S polymerization and red blood cell sickling. Preliminary clinical data establishing proof-of-concept for mitapivat in sickle cell disease were disclosed in June 2020, and updated data were presented at the American Society of Hematology annual meeting in December 2020. Agios expects to disclose its pivotal program in sickle cell disease in the first half of 2021 and initiate the study by year-end 2021.
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RBNC | Hot Stocks16:09 EST Reliant Bancorp announces $10M stock buyback - Reliant Bancorp announced that its board of directors has authorized a stock repurchase plan pursuant to which Reliant may repurchase up to $10M of Reliant's outstanding common stock. "This stock repurchase authorization highlights our confidence in Reliant's business and our outlook for continued growth," stated DeVan Ard, Jr., Reliant's Chairman and CEO. "We believe the stock repurchase plan is a solid investment for our shareholders and provides us with the opportunity to leverage our strong financial position to improve our earnings per share."
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MDC | Hot Stocks16:08 EST M.D.C. Holdings announces special 8% stock dividend - M.D.C. Holdings announced that on January 25, its board of directors declared a quarterly cash dividend of 40c per share as well as a special 8% stock dividend on the company's common stock. The cash dividend will be paid on Wednesday, February 24 to shareholders of record on Wednesday, February 10. The stock dividend will be distributed on March 17 to shareholders of record on March 3, with a brokers' cut-off date of March 10, and will be in the form of one additional share of MDC common stock for each 12.5 shares owned by shareholders on the record date. Cash will be paid in lieu of fractional shares based on the closing price of MDC's common stock on the record date.
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COF | Hot Stocks16:07 EST Capital One reports Q4 net interest margin 6.05%, up 37 bps - Reports net charge-offs of $856M.
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AGYS | Hot Stocks16:06 EST Agilysys sees Q4 revenue remaining sequentially flat - "Agilysys continues to monitor the impact of COVID-19 on the hospitality industry with our primary focus being the safety of our employees and customers as we manage through these unprecedented times," the company said. "We are expecting Q4 fiscal 2021 revenue to remain sequentially flat over Q3 fiscal 2021 results with an Adjusted EBITDA of approximately $7.0 million for the same period. We expect to see slightly decreased Adjusted EBITDA levels on flat revenue due to continued hiring in R&D, which will bring some additional costs into the business during the fourth quarter."
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COF | Hot Stocks16:06 EST Capital One announces $7.5B common stock repurchase program
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MSFT | Hot Stocks16:05 EST Microsoft up 5% to $243.50 after Q2 earnings report
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TXN | Hot Stocks16:04 EST Texas Instruments CEO says Q4 revenue driven by strong demand in automotive - Regarding the company's performance and returns to shareholders, Rich Templeton, TI's chairman, president and CEO, made the following comments: "Revenue increased 7% sequentially, driven by strong demand in automotive, personal electronics and industrial markets. Revenue increased 22% from the same quarter a year ago. In our core businesses, Analog revenue grew 9% and Embedded Processing grew 11% sequentially. From a year ago, Analog revenue grew 25% and Embedded Processing grew 14%. Our cash flow from operations of $6.1 billion for the year again underscored the strength of our business model. Free cash flow for the year was $5.5 billion and 38% of revenue. This reflects the quality of our product portfolio, as well as the efficiency of our manufacturing strategy, including the benefit of 300-millimeter Analog production. We returned $6.0 billion to owners in 2020 through dividends and stock repurchases. For the year, our dividend represented 62% of free cash flow, underscoring its sustainability. Together, our dividends and stock repurchases reflect our continued commitment to return all free cash flow to our owners."
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OMCL | Hot Stocks16:02 EST Omnicell selected by WVU Medicine for inventory management - Omnicell announced that WVU Medicine has expanded their partnership with Omnicell through a 10-year, sole source agreement renewal, with plans to leverage the company's industry-leading medication inventory management platform to improve pharmacy supply chain management across the West Virginia-based health network.
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LUMN | Hot Stocks15:10 EST Lumen Technologies trading resumes
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LUMN | Hot Stocks15:04 EST Lumen Technologies trading halted, volatility trading pause
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FIII ELMS | Hot Stocks14:41 EST ELMS says 'ready to answer' President Biden's call to replace fleet with EVs - Electric Last Mile Solutions said via Facebook that, "'The federal government maintains a fleet of 645,000 vehicles...' ELMS is ready to answer the call. Mishawaka plant is capable of producing 100k #AmericanMade EVs annually! " Electric Last Mile, or ELMS, an electric vehicle, or EV, company focused on creating last mile solutions, and Forum Merger III announced on December 11 that they had entered into a definitive agreement for a business combination that would result in ELMS becoming a publicly listed company.Reference Link
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VZ | Hot Stocks12:46 EST Verizon says fiber cut in Brooklyn leading to outages - Verizon said via Twitter, "There is a fiber cut in Brooklyn. We have no ETR, as of yet."
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GOOG GOOGL | Hot Stocks12:40 EST YouTube saw 25% boost in watchtime around the world in 1Q20 - YouTube CEO Susan Wojcicki wrote an open letter addressing the Alphabet unit's priorities for 2021, saying that the COVID-19 pandemic resulted in a 25% increase in watchtime in Q1 of last year. "The pandemic has accelerated our digital lives," the CEO said. "During the first quarter of last year, we saw a 25 percent increase in watchtime around the world. 2020 was YouTube Gaming's biggest year yet, with over 100 billion hours of gaming content watched on YouTube. In the first half of the year, total daily livestreams grew by 45 percent. And from artists performing in their living rooms to churches moving their services online, more than half a million channels live streamed for the first time in 2020. Those first time streamers accounted for more than 10 million streams on the platform. They included Brazilian artists like Jorge & Mateus, who live streamed a concert from their garage that's been viewed over 40 million times." Wojcicki added that over the last three years, it has paid over $30B to creators, artists, and media companies on YouTube.
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GOOG GOOGL | Hot Stocks12:38 EST YouTube says it removed over half a million COVID-19 misinformation videos - YouTube CEO Susan Wojcicki wrote an open letter addressing the Alphabet unit's priorities for 2021, with the CEO noting that the company has removed over half a million videos under its policies to take down "egregious" medical misinformation about the coronavirus. "We've updated our policies to remove egregious medical misinformation about COVID-19 to prohibit things like saying the virus is a hoax or promoting medically unsubstantiated cures in place of seeking treatment," Wojcicki said. "We've continued to make updates to our COVID-19 policies to stay current with the science, and we've removed more than more than half a million videos under these policies since February." Reference Link
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BGSF | Hot Stocks12:31 EST BG Staffing announces corporate name change to BGSF, Inc. - BG Staffing announced that it is changing its corporate name to BGSF, Inc. The name change reflects the company's diverse workforce solutions platform and its expertise in driving the innovations needed to provide contingent solutions in IT, Cyber, Finance & Accounting, Creative, Real Estate, and Light Industrial. The new name is effective as of February 8, 2021 and will be implemented across the company's product and services throughout the calendar year 2021. The Company's common stock will continue to trade under the ticker "BGSF" on the New York Stock Exchange. Upon the effectiveness of the name change, the CUSIP number for the Company's common stock will be changed to 05601C105.
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DS | Hot Stocks12:26 EST Drive Shack announces collaboration with professional golfer Rory McIlroy - Drive Shack announced that it is partnering with global golf superstar Rory McIlroy on its entertainment golf brand. Puttery is the Company's new indoor, small format entertainment experience that will feature high-tech mini golf and premium food and beverage offerings. Drive Shack expects to open its first Puttery location in The Colony/Dallas, Texas in the summer of 2021, followed soon thereafter by a second location in Charlotte, North Carolina. Drive Shack has previously announced it plans to open an additional five Puttery locations by the end of 2021 and 10 additional locations by the end of 2022. The terms of Drive Shack's partnership with Rory McIlroy are set forth in a non-binding memorandum of understanding and remain subject to the execution of definitive documentation.
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APRN | Hot Stocks12:01 EST Blue Apron falls -11.4% - Blue Apron is down -11.4%, or -$1.10 to $8.56.
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RLX | Hot Stocks12:00 EST RLX Technology falls -12.6% - RLX Technology is down -12.6%, or -$3.62 to $25.01.
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EXPR | Hot Stocks12:00 EST Express falls -27.4% - Express is down -27.4%, or -$1.14 to $3.01.
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SWK | Hot Stocks12:00 EST Stanley Black & Decker rises -0.1% - Stanley Black & Decker is up -0.1%, or -11c to $174.88.
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SOI | Hot Stocks12:00 EST Solaris Oilfield rises -0.9% - Solaris Oilfield is up -0.9%, or -09c to $9.73.
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KEY | Hot Stocks12:00 EST KeyCorp rises -0.9% - KeyCorp is up -0.9%, or -15c to $17.62.
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WMB | Hot Stocks11:57 EST Williams raises quarterly dividend to 41c from 40c - Williams said its board of directors has approved a regular dividend of 41c per share, or $1.64 annualized, on the company's common stock, payable on March 29, to holders of record at the close of business on March 12. This is a 2.5% increase from Williams' Q1 dividend of 40c per share, paid in March 2020.
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LMT | Hot Stocks11:51 EST Lockheed Martin sees reducing office space by 2M square feet
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CLWT | Hot Stocks11:43 EST Euro Tech Holdings says PACT awarded 'newly revised' IMO G8 certificate - Euro Tech Holdings announced in a post on its corporate website: "PACT has been awarded the newly revised IMO G8 certificate (MEPC.300(72) resolution) by the China Classification Society. This successful renewal represents that our products and technologies can continue to meet the IMO international Requirements of the Ballast Water Convention." Reference Link
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VZ | Hot Stocks11:43 EST User reports indicate Verizon experiencing issues, says DownDetector - Reference Link
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ZM | Hot Stocks11:43 EST User reports indicate Zoom Video experiencing issues, says DownDetector - Reference Link
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AMZN | Hot Stocks11:39 EST User reports indicate AWS experiencing issues, says DownDetector - Reference Link
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GOOG GOOGL | Hot Stocks11:38 EST User reports indicate Google, gmail having issues, says DownDetector - Reference Link
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MNR | Hot Stocks11:35 EST Land & Buildings calls Monmouth strategic alternatives process 'flawed' - Land & Buildings Investment Management issued a letter to shareholders of Monmouth Real Estate Investment regarding the company's "flawed strategic alternatives process" and Land & Buildings' nomination of four director candidates. The letter states in part: "We invested in Monmouth because we believe the Company's shares are deeply undervalued relative to its robust portfolio of industrial warehouse properties and the extremely favorable market environment within which it operates. Our belief was, and remains, that improved oversight - in the form of new independent directors - would help unlock significant value for shareholders...In the midst of preparing these nominations we learned of the offer by Blackwells Capital LLC to acquire the Company for $18 per share in cash, up from $16.75 previously. In the interest of avoiding a proxy contest and helping all shareholders realize the true value of their investment in Monmouth, we submitted our nominations privately and urged the Board to immediately establish a Special Committee which would include our nominees to conduct a thorough strategic review process to evaluate the Blackwells offer and the best path forward for the Company. Such a process would be unencumbered by either the personal and professional conflicts of interest that exist on the incumbent Board or the taint of a competing desire to take the Company private. Now more than ever shareholders need an objective Board to determine which course of action will maximize value. Unfortunately, the Board rebuffed our efforts at constructive dialogue and has elected to run what we believe will likely be a flawed strategic alternative process overseen by the same entrenched, insider-laden leadership that bears responsibility for the persistent underperformance of the Company relative to its peers...Given the relatively straightforward nature of the Company's assets, with 55% of Monmouth's revenue derived from assets leased to FedEx Corporation, we believe a full and fair sales process should generate significant interest in the Company's industrial warehouse assets and take no more than 30 to 60 days to arrive at an outcome."
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LMT | Hot Stocks11:33 EST Lockheed Martin sees ending 2021 with over $5B in cash
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LMT | Hot Stocks11:30 EST Lockheed Martin sees Biden administration bringing continuity to U.S. defense
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LMT | Hot Stocks11:21 EST Lockheed Martin sees companywide sales up 4% this year
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LMT | Hot Stocks11:19 EST Lockheed Martin sees 2023 cash from operations of approximately $9B
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LMT | Hot Stocks11:17 EST Lockheed Martin maintained book-to-bill above 1 throughout 2020, CEO says
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CTEK | Hot Stocks11:17 EST CynergisTek enters $700,000 professional services agreement with health system - CynergisTek announced a nearly $700,000 professional services agreement with a new health system. CynergisTek will provide its client, who has multiple locations, with virtual CISO and cybersecurity analyst resources to supplement its existing staff.
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LMT AJRD | Hot Stocks11:09 EST Lockheed sees Aerojet Rocketdyne deal boosting hypersonics program
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LMT | Hot Stocks11:03 EST Lockheed Martin continuing to take actions to mitigate impact of Covid - Comments taken from Q4 earnings conference call.
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ARW AMZN | Hot Stocks11:02 EST Arrow Electronics expands relationship with Amazon Web Services - Arrow Electronics (ARW) announced it has expanded its relationship with Amazon Web Services (AMZN), enabling Arrow to globally resell, manage, service, support and bill AWS accounts on behalf of their end customers. The expanded relationship brings together the resources of Arrow and the services of AWS to help customers design, build, deploy and manage devices, applications and solutions at scale.
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SYF | Hot Stocks11:01 EST Synchrony to acquire Allergro Credit; financial terms not disclosed - Synchrony announced it has reached a definitive agreement to acquire Allegro Credit, a provider of point-of-sale consumer financing for audiology products, dental services and musical instruments. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2021. Financial terms were not disclosed; the deal is not expected to have a material impact on Synchrony's financial results.
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RGRX | Hot Stocks10:48 EST RegeneRx addresses rumors regarding ARISE-3 phase 3 dry eye trial
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RGRX | Hot Stocks10:48 EST RegeneRx: ARISE-3 patient database 'continuing to be cleaned' - RegeneRx Biopharmaceuticals is addressing rumors in the market regarding its ARISE-3 phase 3 dry eye trial. "Based on current communication with GtreeBNT, our partner in the 700-patient ARISE-3 clinical trial, the patient database is continuing to be cleaned prior to its being locked. This is talking a little longer than expected but should be completed very soon. The patient database will then be locked, and the trial data analyzed shortly thereafter followed by the release of top line results," stated J.J. Finkelstein, RegeneRx president and CEO.
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GME | Hot Stocks10:43 EST GameStop resumes trading after volatility halt, up 20% to $92.14
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TWTR | Hot Stocks10:39 EST Twitter acquires newsletter company Revue - In a company blog post, Kayvon Beykpour, product lead and Mike Park, VP of publisher products, said, "Twitter is where people go to see and talk about what's happening in the world. It's where writers, experts and curators - from individual creators to journalists to publishers themselves - go to share their written work, spark meaningful conversations and build a loyal following. These writers and long-form content curators are a valuable part of the conversation and it's critical we offer new ways for them to create and share their content, and importantly, help them grow and better connect with their audience. To jumpstart our efforts, Twitter has acquired Revue, a service that makes it free and easy for anyone to start and publish editorial newsletters. Revue will accelerate our work to help people stay informed about their interests while giving all types of writers a way to monetize their audience - whether it's through the one they built at a publication, their website, on Twitter, or elsewhere." Reference Link
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LLY AMGN | Hot Stocks10:38 EST Eli Lilly: Etesevimab, bamlanivimab reduced risk of Covid hospitalizations - Junshi Biosciences announced that etesevimab 2800 mg and bamlanivimab 2800 mg together significantly reduced COVID-19-related hospitalizations and deaths in high-risk patients recently diagnosed with COVID-19, meeting the primary endpoint of the Phase 3 BLAZE-1 trial, according to the company's global partner Eli Lilly and Company (LLY). Across 1,035 patients, there were 11 events in patients taking therapy and 36 events in patients taking placebo, representing a 70 percent risk reduction. There were 10 deaths total, all of which occurred in patients taking placebo, and no deaths in patients taking etesevimab and bamlanivimab together. Etesevimab and bamlanivimab together also demonstrated statistically significant improvements on all key secondary endpoints, providing strong evidence that the therapy reduced viral load and accelerated symptom resolution. In the trial, the safety profile of etesevimab and bamlanivimab together was consistent with observations from other Phase 1, Phase 2 and Phase 3 trials evaluating these antibodies. Serious adverse events were reported at a similar frequency in the etesevimab and bamlanivimab together and placebo groups. Across multiple clinical trials, Lilly has collected safety and efficacy data in more than 4,000 participants treated with its neutralizing antibodies, either bamlanivimab alone or bamlanivimab and etesevimab together. Additionally, initial results from the ongoing BLAZE-4 trial provide viral load and pharmacodynamic/pharmacokinetic data which demonstrated lower doses, including etesevimab 1400 mg and bamlanivimab 700 mg together, are similar to etesevimab 2800 mg and bamlanivimab 2800 mg together. Lilly plans to explore even lower doses of etesevimab and bamlanivimab together, as lower doses can maximize available supply to treat more patients, allow potential for subcutaneous dosing, and potentially reduce the burden on healthcare system and patients through reduced infusion times. Bamlanivimab is authorized for emergency use by the U.S. Food and Drug Administration (FDA) for the treatment of mild to moderate COVID-19 in high-risk patients, and it has also been granted authorizations in several additional countries. Lilly will continue to accelerate the manufacturing of etesevimab in collaboration with Amgen (AMGN), providing up to 1 million doses of etesevimab for administration with bamlanivimab by mid-2021 - including more than 250,000 doses in the first quarter - for use around the world.
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FCX | Hot Stocks10:34 EST Freeport McMoRan: Copper sales on track to grow 20% in 2021 vs. 2020
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FCX | Hot Stocks10:34 EST Freeport McMoRan: Gold sales on track to grow 50% in 2021 vs. 2020
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AMRN HKMPF | Hot Stocks10:32 EST Amarin expands Vascepa patent infringement suit to include Health Net - Amarin (AMRN) last night announced an expansion of the scope of its Vascepa cardiovascular risk reduction patent infringement lawsuit against Hikma Pharmaceuticals (HKMPF) to include a health care insurance provider in the United States, Health Net. The lawsuit was filed in the United States District Court in Delawarexe. "Multiple healthcare insurance providers and managed care enterprises have respected Amarin's patent rights. As detailed in the complaint, Health Net is not among them. Through insurance coverage and economic incentives Amarin alleges that Health Net has actively induced pharmacies to dispense, and patients to use, Hikma generic icosapent ethyl capsules in infringement of U.S. Patent Nos. 9,700,537, 8,642,077, and 10,568,861," Amarin said in a statement. The company alleges that Health Net, like Hikma, "understands that the vast majority of VASCEPA prescriptions are for use in CV risk reduction, that Hikma does not have an FDA approved indication for that use and that inducement for such use would infringe the subject patents." In the complaint, Amarin is seeking remedies including a permanent injunction. "Amarin is continually considering its legal options against parties similarly situated to Health Net and Hikma and acting in concert with either by making or selling any drug product or component thereof covered by the subject patents, or inducing others to do the same," it added.
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FCX | Hot Stocks10:26 EST Freeport: Fundamental outlook for copper better than 10 years ago
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ADM | Hot Stocks10:26 EST Archer Daniels increases quarterly cash dividend 2.78% to 37c per share - ADM's Board of Directors has declared a cash dividend of 37c per share on the company's common stock, an approximately 2.78% increase from last quarter's dividend of 36c per share. The dividend is payable on March 2, 2021, to shareholders of record on Feb. 9, 2021.
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FCX | Hot Stocks10:26 EST Freeport: Talking with third party to build Greenfield smelter at alt. location
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FCX | Hot Stocks10:25 EST Freeport McMoRan: Not required to do deals
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SBGI | Hot Stocks10:23 EST Sinclair Broadcast names Jeffrey Lewis as chief compliance officer - Sinclair Broadcast Group announced that Jeffrey Lewis has been hired as the company's Chief Compliance Officer. In this newly-created position, Lewis will supervise corporate compliance functions, including regulatory, code of conduct, competition and privacy. Reporting directly to Sinclair President and CEO Chris Ripley, Lewis will also be responsible for leading strategic guidance on the implementation of compliance with regulatory agency requirements. "With rapid digitization, globalization and shifts in regulations, compliance is more important now than it has ever been," said Lewis. "Working with Sinclair brings an opportunity to further its already strong compliance practices. I look forward to enacting the best in compliance strategy for the company."
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FCX | Hot Stocks10:22 EST Freeport McMoRan to resume cash returns to shareholders during 2021
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FCX | Hot Stocks10:05 EST Freeport McMoRan results benefited from improved pricing in both copper and gold - Comments taken from Q4 earnings conference call.
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SFBS | Hot Stocks10:02 EST ServisFirst Bank appoints Rodney Rushing as EVP, COO - The Board of Directors of ServisFirst Bank and ServisFirst Bancshares recently announced that Rodney Rushing is assuming the role of Executive Vice President and COO for ServisFirst Bank. As a member of the Bank's executive team, he will collaborate with the President/CEO and CFO in the overall administration of the Bank and in executing its broader objectives and goals. Rushing transitions to the role of COO from his position as Executive Vice President, Correspondent Banking.
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BHLB | Hot Stocks10:00 EST Berkshire Hills Bancorp falls -6.6% - Berkshire Hills Bancorp is down -6.6%, or -$1.26 to $17.72.
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EXPR | Hot Stocks10:00 EST Express falls -26.7% - Express is down -26.7%, or -$1.11 to $3.04.
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NEE | Hot Stocks10:00 EST NextEra Energy falls -0.6% - NextEra Energy is down -0.6%, or -48c to $86.39.
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SWK | Hot Stocks10:00 EST Stanley Black & Decker rises 1.2% - Stanley Black & Decker is up 1.2%, or $2.08 to $177.07.
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SOI | Hot Stocks10:00 EST Solaris Oilfield rises 1.5% - Solaris Oilfield is up 1.5%, or 15c to $9.97.
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KEY | Hot Stocks10:00 EST KeyCorp rises 0.2% - KeyCorp is up 0.2%, or 04c to $17.82.
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XPEV | Hot Stocks09:55 EST Xpeng announces 'major over-the-air upgrade' for P7 sedan owners in China - XPeng announced it has released a major over-the-air, or OTA, upgrade for its P7 sedan customers in China. "The most comprehensive OTA upgrade in the company's six-year history, with the largest number of new and optimized functions, this OTA upgrade will deliver a new version of XPeng's operating system, Xmart OS 2.5.0, to XPeng P7 customers. The new Xmart 2.5.0 version will bring over 40 new functions and 200+ optimized features to P7 customers in China, covering multiple modules, including autonomous driving assistance, full-scenario voice assistance, smart audio and music cockpit, in-car App ecosystem, and personalized settings. Since the P7's launch in April 2020, 31 new functions have been added through five major OTA upgrades so far," XPeng stated in a press release announcing the upgrade.
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CRKN | Hot Stocks09:50 EST Crown Electrokinetics Corporation trading resumes
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SPTL | Hot Stocks09:47 EST SPDR Portfolio Long Term Treasury ETF falls -0.4% - SPDR Portfolio Long Term Treasury ETF is down -0.4%, or -17c to $43.80.
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TPGY | Hot Stocks09:47 EST TPG Pace Beneficial Finance falls 10.5% - TPG Pace Beneficial Finance is down 10.5%, or $2.54 to $26.72.
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NEE | Hot Stocks09:47 EST NextEra Energy falls -0.8% - NextEra Energy is down -0.8%, or -68c to $86.19.
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TFII | Hot Stocks09:47 EST TFI International rises 11.9% - TFI International is up 11.9%, or $8.03 to $75.51.
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AMC | Hot Stocks09:47 EST AMC Entertainment rises 12.7% - AMC Entertainment is up 12.7%, or 56c to $4.98.
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GME | Hot Stocks09:47 EST GameStop rises 22.7% - GameStop is up 22.7%, or $17.45 to $94.24.
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CRKN | Hot Stocks09:45 EST Crown Electrokinetics Corporation trading halted, volatility trading pause
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GME | Hot Stocks09:45 EST GameStop trading resumes
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GME | Hot Stocks09:40 EST GameStop trading halted, volatility trading pause
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PRTS | Hot Stocks09:37 EST CarParts.com up 15% after announcing launch of EV-focused shopping hub - Shares of CarParts.com are up 15% in early trading after the company announced earlier that it had launched a new dedicated shopping hub for the hybrid, plug-in hybrid, and electric vehicle community this week. "The ecommerce retailer is transforming the way drivers shop for auto parts, so naturally, building an online store for EVs and hybrids is the next big investment in the company's growth and commitment to getting drivers back on the road. In recent months, CarParts.com's product offering for EVs and hybrids has grown to include over 700,000 applications for the repair, maintenance, and enhancement of hybrids, plug-in hybrids, and EVs. Aftermarket parts are available for over 25 popular vehicle makes, including Tesla, Toyota, Honda, GMC, BMW, Ford, Lexus, Chevrolet, and more," the company stated in its press release regarding the launch.
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JNJ | Hot Stocks09:30 EST Johnson & Johnson says 'comfortable' meeting COVID-19 vaccine demand
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HUM | Hot Stocks09:23 EST Humana unit partners in Primary Care announces growth plans - Partners in Primary Care announced the details of its 2021 expansion. Having opened 15 new centers in 2020, plans for 2021 include up to 20 more centers, including entering the Atlanta market, additional centers in the Houston area and five more in Louisiana, including Lafayette and the North Shore outside of New Orleans as well as two new centers in Nevada. The planned center openings will bring the total number of centers Partners in Primary Care operates, including its Orlando, Florida-based Family Physicians Group facilities, to nearly 80 centers. By 2023, Partners in Primary Care expects to operate approximately 100 centers. Partners in Primary Care, a payer-agnostic subsidiary of Humana is part of a family of senior-focused, primary care centers that deliver comprehensive, personalized care to approximately 57,000 patients from many different Medicare Advantage health plans and Original Medicare. The centers are often located in underserved areas that previously offered minimal access to primary care for seniors. "Partners in Primary Care is expanding rapidly because of the demand from seniors for the type of senior-focused care we provide," said Renee' Buckingham, President of Humana's Care Delivery Organization, which includes Partners in Primary Care as well as the Family Physicians Group facilities referenced above. "The significant growth of our organization demonstrates the success of our senior-focused, value-based approach in serving patients and communities, and our investment in providing much-needed care in underserved areas. We are grateful to our clinicians and care teams who work tirelessly to provide personalized care to help seniors stay healthy and lead happier lives, which requires addressing their physical, social and mental health needs holistically. We look forward to offering our comprehensive primary care to many more seniors in the coming year and beyond," Buckingham added.
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JNJ | Hot Stocks09:21 EST Johnson & Johnson sees no biosimilar entrants in Pharmaceutical segment in FY21
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DFLYF | Hot Stocks09:19 EST Draganfly's Vital Intelligence Technology selected by The 517 Group - Draganfly announced that its Vital Intelligence technology, originally developed for drones and now made available on devices like laptops, tablets and smartphones, has been selected by The 517 Group to design and deliver its Vital Intelligence technology to its hospitality and entertainment focused enterprises.
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SHIP | Hot Stocks09:18 EST Seanergy joins 'Neptune Declaration on Seafarer Wellbeing and Crew Change' - Seanergy Maritime announced that it has joined the "Neptune Declaration on Seafarer Wellbeing and Crew Change", a global coalition between over 300 companies and organisations. This maritime initiative focuses on the seafarers' welfare with actions that will, amongst others, facilitate crew changes during the pandemic and the ongoing lockdowns. The Neptune Declaration's four major aims are: Recognize seafarers as key workers and give them priority access to COVID-19 vaccinations; Implement high-standard health protocols; Increase collaboration between ship operators and charterers to facilitate crew changes ; Ensure airline connectivity between key maritime hubs for seafarers.
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FDX | Hot Stocks09:18 EST FedEx Ground CEO Maier to retire July 31, John Smith to succeed - FedEx announced that Henry J. Maier, president and CEO, FedEx Ground, will retire effective July 31. John A. Smith, president and CEO, FedEx Freight, will succeed Maier as president and CEO, FedEx Ground. Lance D. Moll has been named the next president and CEO, FedEx Freight. Maier joined FedEx in 1986. With more than 40 years in the transportation industry, including more than 35 years at FedEx, he held a series of leadership positions in logistics, sales, and marketing before becoming president and CEO, FedEx Ground, in June 2013. Most recently, Maier spearheaded the significant transformation of FedEx Ground, ensuring its strong position in reliably and efficiently serving the growing e-commerce market. "Henry has helped steer tremendous growth across our commercial and e-commerce portfolio," said Raj Subramaniam, president and COO, FedEx Corp. "Under his leadership, FedEx Ground revenue has more than doubled, with a focus on automation and speed as distinct competitive advantages. I am incredibly appreciative of Henry's service to FedEx and wish him well as he begins this next chapter."
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DTRC | Hot Stocks09:17 EST Dakota Territory Resource acquires Black Hills property - Dakota Territory Resource announced that the Company has substantially increased its land holdings in the Homestake District of the Black Hills of South Dakota through the staking of 158 unpatented lode mining claims covering approximately 2,740 acres. The acquisition has been based on continuing analysis of the Company's historic data sets coupled with new insights derived from the Company's district-scale airborne geophysical survey flown during the summer of 2020. Dakota Territory's most recent work has increased the acreage of three of the Company's existing project areas. At the west side of the Homestake District, the Tinton property has been extended to the north and northwest adding approximately 1,966 acres to the original claim block. In the central region of the District, the West Corridor property has been extended west to Cleopatra Creek covering approximately 275 additional acres between Richmond Hill and Wharf gold mines, and the Blind Gold Property has been expanded west adding approximately 499 acres immediately north of the Richmond Hill Mine. The Company's land acquisition represents a sizeable addition to the Company's property portfolio in the Black Hills. Dakota Territory now controls approximately 18,182 acres of brownfields mineral property in one of America's great gold districts. Dakota Territory is committed to strategically expanding its land package in the Black Hills as industry interest builds for gold exploration in the safe, low-cost jurisdictions of the United States with a history of large-scale gold production.
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JNJ | Hot Stocks09:16 EST Johnson & Johnson sees FY21 adjusted pre-tax operating margin up ~200 bps
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NOC | Hot Stocks09:16 EST Northrop Grumman awarded $3.6B ID/IQ BACN pact from U.S. Air Force - The U.S. Air Force recently awarded Northrop Grumman a $3.6B indefinite-delivery/indefinite-quantity, or "ID/IQ," contract for continued Battlefield Airborne Communications Node operations, sustainment and support, the company announced. "This contract provides for research, development, test, and evaluation, integration and operations and sustainment for existing and future payloads contained in or connected to the BACN system. It also includes associated ground stations or controls, ancillary equipment, support equipment and system integration laboratories. Work will be performed in San Diego, California, and overseas locations through Jan. 24, 2026, and $23.7 million was obligated with the initial task order at the time of award," the company stated.
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NWVCF MRK | Hot Stocks09:15 EST EnWave announces Merck publication citing EnWave's freezeREV process - EnWave Corporation (NWVCF) announces that Merck & Co. (MRK) published a research paper citing EnWave's freezeREV process as a viable manufacturing alternative to vial-based lyophilization for vaccines and biologics. The research article entitled "Evaluation of Microwave Vacuum Drying as an Alternative to Freeze-Drying of Biologics and Vaccines: The Power of Simple Modeling to Identify a Mechanism for Faster Drying Times Achieved with Microwave" was published in the January 19, 2021 edition of PharmSciTech, the official journal of the American Association of Pharmaceutical Scientists. Merck's nine-month evaluation used a lab-scale freezeREV unit manufactured by EnWave specifically for the dehydration of pharmaceutical products. The goal of the study was to determine the uniformity and repeatability of Microwave Vacuum Drying when used to dry liquid vaccines in vials. This evaluation is the first of its kind to scientifically document the efficacy of microwave-vacuum drying, more specifically freezeREV, for the drying of vaccines. The authors of the research article note that both the global pandemic and the rapid spread of COVID-19 have emphasised the need for accelerated vaccine development and on-demand, flexible manufacturing options. The published evaluation results stated that "Microwave vacuum drying serves as a faster alternative to freeze drying of biologically active materials such as vaccines, proteins, and microorganism cultures". Data from the study shows that EnWave's freezeREV process reduces drying cycle times by 80% to90% while maintaining product activity and stability when compared to lyophilization. Lyophilization drying times are seen as a significant bottleneck for vaccine manufacturing. The research article also confirmed that EnWave's freezeREV process demonstrates "comparability between EnWave's freezeREV and freeze-dried samples" for drying uniformity and repeatability. The significant decrease in drying times was also accompanied by increased manufacturing flexibility.
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XONE | Hot Stocks09:13 EST ExOne to 3D print lightweight ceramic-metal parts - The ExOne Company announced it has reached a commercial license agreement with the U.S. Department of Energy's Oak Ridge National Laboratory to 3D print parts in aluminum-infiltrated boron carbide, B4C. Researchers at ORNL developed the patent-pending method of 3D printing aluminum-infiltrated B4C on an ExOne M-Flex, a 3D printer that uses binder jetting technology to 3D print objects in metals, ceramics and other powder materials. In 2019, ExOne executed an R&D license for the manufacturing process. Now, that license has been expanded to commercial use so that ExOne can begin printing aluminum-infiltrated B4C collimators, shielding equipment, and other components used in neutron scattering research.
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ACB | Hot Stocks09:11 EST Aurora Cannabis closes bought deal financing - Aurora Cannabis closed its previously announced bought deal public offering of units of the company for total gross proceeds of $137.94M. The company sold 13,200,000 Units at a price of $10.45 per unit, including 1,200,000 Units sold pursuant to the exercise in full of the underwriters' over-allotment option. Each unit is comprised of one common share of the company and one half of one common share purchase warrant of the company. Each warrant is exercisable to acquire one common share of the company for a period of 36 months following the closing date of the offering at an exercise price of $12.60 per warrant share, subject to adjustment in certain events. The company plans to use the net proceeds of the offering for general corporate purposes
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MRK | Hot Stocks09:11 EST Merck announces new interim data from oral islatravir trial - Merck announced new interim data from the Phase 2a trial in adults evaluating the safety, tolerability and pharmacokinetics, or PK, of the once-monthly oral islatravir tablet, the company's investigational oral nucleoside reverse transcriptase translocation inhibitor, or NRTTI, for pre-exposure prophylaxis, or PrEP, Interim findings demonstrate that once-monthly oral islatravir achieved the pre-specified efficacy PK threshold for PrEP at both of the two doses studied. In the interim analysis using blinded data, both monthly doses of islatravir were found to have an acceptable tolerability profile. These data are shared as a late-breaking oral presentation during the virtual 2021 HIV Research for Prevention Conference, or HIVR4P, and featured in the official press conference of HIVR4P. In the ongoing Phase 2a randomized, double-blind, parallel assignment, placebo-controlled, multicenter trial in adults at low-risk for acquiring HIV-1 infection, participants were randomly assigned to one of three oral once-monthly therapy groups: islatravir 60 mg, islatravir 120 mg, or placebo. Participants received islatravir or placebo once monthly over a 24-week blinded therapy period, followed by a 12-week blinded period and a 32-week unblinded follow-up in the islatravir groups to characterize the terminal elimination phase. Outcome measures for safety, tolerability and PK were analyzed. At the time of interim data analysis, 76.8% of the planned participants had been randomized and dosed. Of these participants, 32.8% were male, 67.2% were female, 30.2% were Black or African American, and 16.1% were Hispanic or Latinx. In a review of blinded safety data, most adverse events, or AEs, were mild or moderate with the most common including headache, diarrhea, nausea, abdominal pain and upper respiratory tract infection. Two participants discontinued due to AEs currently categorized as potentially drug-related, including sensation of a foreign body in the throat and rash and pruritus. Interim PK analysis of islatravir triphosphate concentrations in peripheral blood mononuclear cells, or PBMCs, showed that the trough concentrations (the lowest level between doses) following either 60 mg or 120 mg monthly doses remained above the pre-specified PK threshold for HIV-1 prophylaxis of 0.05 pmol/106 PBMCs. Islatravir PK exhibited approximately linear dose proportionality at both study doses. A preliminary PK analysis of mucosal tissue obtained from a subset of study participants suggests rapid and sustained distribution of islatravir to sampled tissues. This ongoing Phase 2a study is fully enrolled and the primary analysis of the full dataset is estimated to be available in late 2021.
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CONE | Hot Stocks09:10 EST CyrusOne purchases renewable energy to power Texas data centers - CyrusOne announced that the company will purchase 67 MW of renewable energy delivered to the electricity grid and equivalent renewable energy credits generated by Enel Green Power's 284 MW Azure Sky solar + storage project located in Haskell County, Texas. The agreement reflects CyrusOne's commitment to accelerate the transition to renewable energy resources in local communities and is part of the Company's effort under its pledge to operate carbon-free by 2040. Through the agreement, CyrusOne will significantly reduce its CO2 emissions over the term of the contract. The purchase is equivalent to meeting 100% of the power requirements for CyrusOne's data center facility in Allen, Texas, and approximately 70% of the power requirements for its data center in Carrollton, Texas. Additionally, CyrusOne will retire project-specific renewable attributes from Azure Sky solar + storage equal to 100% of the power usage at its Dallas headquarters. CyrusOne has previously procured solar power for its Chandler facility in Arizona, and its data centers in London and Amsterdam also run on 100% renewable energy.
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AWRE | Hot Stocks09:09 EST Aware releases AwareABIS identification system - Aware announces the launch of AwareABIS, an Automated Biometric Identification System used for large-scale biometric identification and deduplication. Designed to serve between 1-30 million identities or more, AwareABIS supports fingerprint, face and iris modalities, and features a modular architecture that helps security teams configure and optimize the system for civil or criminal applications. AwareABIS was designed with the needs of the civil and law enforcement community firmly in mind. AwareABIS is highly modular, empowering customers to build their own infrastructure designed for their specific needs in a way that is less expensive and more flexible than existing alternatives. Instead of requiring law enforcement and government agencies to buy proprietary end-to-end biometric identification solutions that trap them in expensive, long-term contracts, AwareABIS puts control of the system and its data back in the hands of the customer.
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ADMP | Hot Stocks09:08 EST Adamis enters non-binding LOI for sale of US Compounding assets - Adamis announced that it has entered into a non-binding letter of intent with a potential buyer for sale of substantially all of the assets of its US Compounding subsidiary. Under the terms described in the letter of intent, the buyer would agree to acquire substantially all of the assets of US Compounding in exchange for a total gross consideration that could range from approximately $10-20 million, before transaction fees and expenses and other potential post-closing adjustments. If a transaction is negotiated, reflected in definitive agreements entered into by the parties, and completed, the proposed purchase price consideration includes a combination of a cash payment at the closing of the transaction, a promissory note representing portion of the purchase price payable at a future date, and potential future performance-based milestone payments over a period of years. The amount and structure of consideration could change as a result of subsequent negotiations, due diligence or other factors. Any definitive agreement would be subject to approval by the respective parties, including approval by the board of directors of Adamis, and would likely include a number of customary provisions, including without limitation representations and warranties of Adamis and USC, restrictive covenants and indemnification provisions. The closing of a transaction would be contingent on the satisfaction of closing conditions which might include, among other things: the receipt of required governmental, regulatory, and third-party consents and approvals, buyer obtaining required licenses, permits, registrations, or other approvals from the necessary state boards of pharmacy and other state and federal governmental authorities, and other customary closing conditions. The letter of intent is non-binding other than with respect to certain customary confidentiality and exclusivity provisions. There can be no assurances that the parties will negotiate and enter into definitive transaction agreements, the final terms that might be included in any definitive agreements, whether a transaction will be completed, or concerning the timing of closing of any such transaction.
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QLGN | Hot Stocks09:07 EST Qualigen reports milestone payment from Yi Xin - Qualigen Therapeutics announces achievement of a milestone event which triggered a payment obligation from Yi Xin Zhen Duan Jishu of Suzhou, China to Qualigen. The milestone event pertained to the initiation of technology transfer of Qualigen's core FastPack System, a rapid and highly accurate immunoassay testing system consisting of the FastPack Analyzer and the FastPack single-use, disposable test pouch. Under the terms of an agreement announced in October 2020, Yi Xin will develop, manufacture and sell new generations of diagnostic test systems based on Qualigen's core FastPack "laboratory in a pouch" technology, which includes high throughput diagnostic systems. In addition, Yi Xin will have the rights to manufacture and sell Qualigen's current generations of rapid point-of-care FastPack diagnostic products in China. The agreement called for net cash payments to Qualigen in the Q4 of FY20 and the Q1 of FY21 totaling in the mid- to high-hundreds of thousands of dollars, and Qualigen is also eligible to receive low- to mid-single-digit royalties on net sales.
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TAP | Hot Stocks09:07 EST Molson Coors announces Superbird distribution partnership with CKBG - Molson Coors announced a partnership with CKBG to distribute Superbird, a 100% blue agave tequila-based cocktail. The agreement marks Molson Coors' first entry into the premium ready-to-drink, or RTD, spirits category and its latest move beyond the beer aisle. Through the Molson Coors distribution network, Superbird will seek to expand distribution nationally, beginning with 10 new markets in spring 2021. Superbird is a canned, carbonated, 5.9% alcohol-by-volume take on a Paloma made with 100% blue agave tequila grown and processed in Tequila, Mexico; natural grapefruit juice; agave nectar; and sparkling water. The hand-crafted premium RTD cocktail has no sugars or artificial ingredients.
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JNJ | Hot Stocks09:06 EST Johnson & Johnson says Phase 3 COVID-19 vaccine study results due next week - Says Pharmaceutical business performed 'above market' in FY20. Comments taken from Q4 earnings conference call.
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EXPI | Hot Stocks09:06 EST eXp World Holdings expands real estate operations into Puerto Rico - eXp World Holdings has expanded into Puerto Rico, under the eXp Puerto Rico banner. eXp Realty also operates in eight other countries, including Australia, Canada, France, India, Mexico, Portugal, South Africa and the U.K. eXp Puerto Rico's operations will be led by Ivelisse Lopez, with over 27 years of real estate leadership experience in Puerto Rico. Brazil, Italy, and Hong Kong are also set to launch in Q1 2021.
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HCA | Hot Stocks09:05 EST HCA Healthcare uses Its COVID-19 registry to aid research in area - HCA Healthcare announced that it has formed a consortium of prominent public and private research institutions to use HCA Healthcare's vast data on COVID-19 hospital care to improve patient outcomes and public knowledge. The institutions - including the federal Agency for Health Research and Quality, AHRQ, Johns Hopkins University, Duke University, Meharry Medical College, Harvard Pilgrim Health Care Institute, and others - will gain access to the data in a research program directed by the HCA Healthcare Research Institute, HRI. As a learning health system, HCA Healthcare collects and analyzes data from its approximately 35 million annual patient encounters to develop technologies and best practices to improve patient care. With support from HCA Healthcare's Sarah Cannon Research Institute and its precision medicine platform, Genospace, HCA Healthcare created a COVID-19 patient registry at the outset of the pandemic that has since captured data from treating more suspected and positive COVID-19 cases than any other health system in the United States, including more than 110,000 patients who were admitted for inpatient care in 2020.
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HON | Hot Stocks09:05 EST Pittsburgh International Airport announced a partnership with Honeywell - Pittsburgh International Airport announced a partnership with Honeywell to test air quality improvement technology at the airport's newly opened innovation center, xBridge. Pittsburgh International Airport is the first U.S. airport to deploy Honeywell's Healthy Buildings dashboard and air quality sensing technology, and will use Honeywell Forge enterprise performance management software, to increase public health efforts and improve staff and passenger confidence in travel. Additionally, the airport plans to use Honeywell Forge to conduct condition-based maintenance focused on MERV 13 filters in its air-handling units.
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LHX | Hot Stocks09:05 EST L3Harris Technologies awarded $233M in contracts from Australian Defence Force - The Australian Defence Force has awarded L3Harris Technologies contracts totaling $233M to deliver secure communications and advanced night vision goggle technology to support the country's key modernization initiatives. L3Harris was awarded a three-year, $115M follow-on FFP contract under the direct commercial sale, or DCS, arrangements for the Australian Defence Force's Delphic - cryptographic modernization program. L3Harris will deliver tactical radios, waveforms and ancillaries that support emerging cryptographic modernization standards. The company also was awarded a $118M contract to provide advanced night vision goggle technology to enhance Army soldiers' ability to locate and engage threats. The award follows L3Harris' delivery of night vision technology for Tranche 1 of the Land 53 program in 2020. L3Harris will deliver its fused night vision system, or FNVS, which incorporates the latest in night vision capabilities. When combined with the L3Harris battery pack, the FNVS delivers critical battlefield information directly to the soldier's eye. Both contracts include full in-country support and repair capabilities in Australia.
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STM | Hot Stocks09:04 EST STMicroelectronics joins ZETA Alliance - STMicroelectronics has joined the ZETA Alliance, the industry body promoting ZETA Low-Power Wide Area Network technology for low-cost long-range IoT connectivity. ZETA technology is quickly becoming established throughout China, Japan, and beyond, bringing together innovative wireless technologies that enable low-power, low-cost devices to rely on robust connections over extended distances. In addition, native support for mesh networking, which allows peer-to-peer communication among the network nodes, boosts network coverage and resilience. Joining the Alliance as a Promoter member, ST expects ZETA technology to further accelerate the spread of IoT in all territories worldwide. The standard lets developers create high-value IoT-based solutions to challenges that face extreme cost constraints.
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FROG | Hot Stocks09:04 EST JFrog partners with Docker for cloud-native application development - JFrog signed an agreement with Docker, a provider of collaborative application development platforms for development teams. In the first milestone of the partnership, the companies are providing developers unlimited - for SaaS users -, high-performance premium access to quality and trusted application components on Docker Hub to streamline developer experience and scale the use of containers in the enterprise. The agreement also provides dedicated support mechanisms for mutual customers. With more than 8 million repos on Docker Hub, driving a weekly average of 1.5 billion image pulls, the integration of Docker Hub with JFrog provides developers with access for public and private container images. SaaS subscribers of JFrog's DevOps Platform will have uninterrupted access to Docker Hub and Docker Official Images through JFrog Artifactory.
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SLM | Hot Stocks09:03 EST Sallie Mae names Kerri Palmer Chief Risk and Compliance Officer - Sallie Mae has named Kerri Palmer Chief Risk and Compliance Officer. Palmer will oversee Sallie Mae's integrated risk and compliance organization. She succeeds Jeff Dale who served as Sallie Mae's Chief Risk Officer since 2014, and the interim Chief Risk and Compliance Officer since the fall of 2020. An industry veteran, Palmer joins Sallie Mae from Capital One, where she served as senior vice president of risk management. She brings more than 20 years of experience in risk assessment and management, regulatory compliance, process improvement, program management, business analysis, operations leadership, and change management. She has built and transformed programs in enterprise risk, operational risk, cyber and technology risk, internal and external fraud risk, third-party risk, and business continuity risk.
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PRIM | Hot Stocks09:03 EST Primoris announces award of LNTP for new solar project - Primoris announced the award of a Limited Notice to Proceed for a new solar project with an initial value of $19 million and an anticipated final contract value over $200 million. The contract was secured by the Company's Energy Segment. The LNTP is for the initial engineering work on a utility-scale solar facility in the Southeast region of the United States. The issuance of LNTPs which support the initial engineering, site investigation, long-lead procurement items and cost optimization activities for utility-scale projects are common for the Company's customers. Historically, Primoris' LNTP's, for solar projects, have resulted in contracts for the entire project. Primoris will only include the $19 million for the LNTP in the Company's backlog and will not include the entire contract value until the final contract is fully executed. The initial phase of work will commence in the second quarter of 2021, with construction on the project anticipated to be complete by the end of 2022.
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BYND PEP | Hot Stocks09:02 EST Beyond Meat jumps 35% to $215.42 after forming JV with PepsiCo
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FTNT | Hot Stocks09:02 EST Fortinet announces FortiXDR solution - Fortinet announced a new Extended Detection and Response solution, FortiXDR, designed to reduce complexity, speed detection, and coordinate response to cyberattacks across the organization. FortiXDR is the only solution of its kind to leverage artificial intelligence for the investigation effort critical to incident response. Expanding on the cloud-native endpoint platform of FortiEDR, it enhances an organization's Security Fabric and the threat protection powered by FortiGuard Labs security services. Specifically, FortiXDR can fully automate security operations processes typically handled by experienced security analysts to mitigate threats faster across the broad attack surface.
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VZ | Hot Stocks09:00 EST Verizon sees FY21 adjusted effective tax rate 23%-25% - Says had good performance in public sector. Says now has 64 ultra-wideband cities. Says offline to online shopping behaviors continued through holiday season. Says delivered on 2020 strategic priorities. Sees FY21 adjusted effective tax rate 23%-25%. Says 2021 priorities include accelerating service revenue, differentiating value proposition for customers and business investment to capture new market opportunities. Comments taken from Q4 earnings conference call.
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ADTX | Hot Stocks08:57 EST Aditx secures $5M financing to scale AdixtScore operational capacity - Aditx Therapeutics announced that it has entered into a securities purchase agreement in connection with a financing with an institutional investor. Upon the closing of the financing, after taking into account an original issue discount and other transaction fees, the Company expects to receive approximately $4.5M of net cash proceeds, which will be used to launch and scale the Company's AditxtScore immune monitoring service and fund general corporate and working capital purposes. Under the securities purchase agreement, the Investor has agreed to purchase a $6M senior secured convertible promissory note. The Note has a twenty-four month term and is convertible at the option of the Investor at any time prior to maturity at an initial conversion price of $4.00 per share, subject to adjustment under certain circumstances. Repayment of the Note's principal amount will occur in nineteen monthly cash or common stock payments beginning in July 2021. The Note may be prepaid by the Company at any time without penalty at 105% of the then outstanding principal amount due under the Note. The Investor will also be issued a three-year warrant to purchase up to 800,000 shares of the Company's common stock at an exercise price of $4.00 per share.
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VXRT | Hot Stocks08:50 EST Vaxart announces additional preclinical COVID-19 oral vaccine data - Vaxart announced additional results from its SARS-CoV-2 Hamster Challenge Study, as well as a peer-reviewed publication in Nature Medicine resulting from a collaboration with prominent Stanford University scientists on COVID-19 vaccine candidates. New histology data from Vaxart's SARS-CoV-2 Hamster Challenge Study showed that hamsters that received two doses of the oral tablet vaccine had a substantial reduction in lung inflammation as compared to unvaccinated hamsters. Vaxart announced earlier results of its Hamster Challenge Study. These findings included: A 4- to 5-fold log reduction in lung viral load in hamsters that received two oral vaccine doses, as compared to non-vaccinated animals. Potent induction of antibody response, with serum IgG antibody titers above 10,000 in hamsters that received two oral vaccine doses. Oral vaccination protected as well as intranasal vaccination against intranasal challenge with respect to key indicators: protection from weight loss, protection from increase in lung weight, viral load reduction, and induction of serum IgG antibodies, demonstrating that mucosal protection by both routes of administration was comparable. The company expects to submit the Hamster Challenge Study results to a peer-reviewed journal this quarter. In early 2020, Vaxart established a collaboration with researchers from Stanford University School of Medicine to assess its COVID-19 vaccine candidates in human lymphoid organoid culture. A portion of the results were published in Nature Medicine on Monday, January 11, 2021.
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WDOFF | Hot Stocks08:49 EST Wesdome Gold Mines to monetize Moss Lake via Vend-in transaction - Wesdome Gold Mines is pleased to announce that it has entered into a definitive purchase agreement with Goldshore Resources to monetize its Moss Lake Project located in Ontario, Canada. Pursuant to the Agreement, Goldshore will acquire all of Wesdome's property, assets and rights related to Moss Lake. Following the closing of the Transaction, Goldshore will hold a 100% interest in Moss Lake. Under the terms of the Agreement, Wesdome will receive minimum initial aggregate consideration of $57M, comprised of the following: C$12.5 million in cash upon Closing; Shares of Goldshore in an amount equal to the greater of $19.5 million and 30% of the issued and outstanding common shares at Closing; C$20 million in shares of Goldshore in the form of milestone payments consisting of: C$5 million within 12 months of Closing; C$7.5 million upon the earlier of Goldshore completing an updated PEA or pre-feasibility study; and 30 months from Closing; C$7.5 million upon the earlier of Goldshore completing a feasibility study, the date on which Goldshore makes a development decision on Moss Lake; and 48 months from Closing; The grant to Wesdome of a 1.00% NSR royalty on all metal production from Moss Lake. Goldshore shall have the right to repurchase the NSR royalty for C$5 million within 30 months of Closing; or C$7.5 million between 30 - 48 months from Closing. The royalty buyback rights shall expire if not exercised within 48 months of Closing. Wesdome representation on Goldshore's Board of Directors with two appointees, Heather Laxton, Chief Governance Officer and Corporate Secretary, and Michael Michaud, Vice President, Exploration. The Transaction is subject to customary closing conditions for a transaction of this nature, including completion of the proposed reverse take-over business combination between Goldshore and Sierra Madre Developments Inc. and receipt of required regulatory approvals. For more information regarding the transaction please see the public filings of Sierra Madre Developments Inc. on Sedar and the Goldshore Resources Inc. press release dated January 26, 2021. Closing of the Transaction is expected to occur in early Q2 2021.
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OMER | Hot Stocks08:48 EST Omeros hires Nadia Dac as Chief Commercial Officer - Omeros announced that Nadia Dac has joined Omeros as its Chief Commercial Officer. In this role, Ms. Dac will be responsible for all commercial operations at Omeros, including overseeing preparations for the commercial launch of narsoplimab, the company's mannan-binding lectin-associated serine protease-2, MASP-2, inhibitor. A Biologics License Application for narsoplimab in the treatment of hematopoietic stem cell transplant-associated thrombotic microangiopathy is under Priority Review by U.S. Food and Drug Administration. Ms. Dac will also be responsible for driving continued sales growth of Omeros' commercial product OMIDRIA(, the only drug of its kind approved for use during cataract and lens replacement surgery. "We're pleased that Nadia has joined our senior leadership team," said Gregory A. Demopulos, M.D., chairman and chief executive officer of Omeros. "Nadia has already hit the ground running, and her high-caliber expertise is a welcome and timely addition at this important juncture in our company's development. The breadth and depth of her U.S. and global commercial experience as a strategic leader will be a valuable asset to Omeros as we look ahead to bringing our second product to market and advancing our diverse pipeline."
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INUV | Hot Stocks08:41 EST Inuvo launches SaaS version of IntentKey - Inuvo announces the launch of the Software-as-a-Service version of the IntentKey. By packaging the proprietary Artificial Intelligence, Analytic Modeling, and Data Technologies of the IntentKey in this manner, Inuvo delivers a powerful digital advertising solution that clients can encircle with their own services.
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GLP | Hot Stocks08:41 EST Global Partners boosts quarterly cash distribution to 55c per unit - Global Partners announced today that the Board of Directors of its general partner, Global, has increased its quarterly cash distribution by 5c per unit to 55c per unit, $2.20 per unit on an annualized basis, on all of its outstanding common units for the period from October 1 to December 31. The distribution will be paid February 12 to unitholders of record as of the close of business on February 8.
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DHI | Hot Stocks08:41 EST D.R. Horton sees Q2 gross margin similar to Q1
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SRYB | Hot Stocks08:41 EST Surrey Bank & Trust to sell insurance subsidary - The Board of Directors of Surrey Bank & Trust has entered into an agreement to sell its wholly owned subsidiary, SB&T Insurance, to Mountcastle Insurance, a full-service independent agency headquartered in Lexington, North Carolina. The transaction will close on or before February 1, 2021. Tina Johnson, Senior Vice-President of SB&T Insurance, stated the transaction would provide customers of SB&T Insurance access to a larger number of insurance carriers for existing lines of business, new insurance markets, and greater depth in back-office servicing and support.
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BBIO EIDX | Hot Stocks08:39 EST BridgeBio completes acquisition of Eidos Therapeutics - BridgeBio (BBIO) has completed its acquisition of all of the outstanding shares of Eidos Therapeutics (formerly EIDX) common stock that BridgeBio did not already own. The transaction was approved by BridgeBio and Eidos stockholders. The merger allows BridgeBio to deploy its full infrastructure to support the development and global commercialization plans underway for Eidos' acoramidis, a potential best-in-class therapy for patients with transthyretin amyloidosis. Acoramidis for ATTR is one of BridgeBio's four core value driver programs, along with encaleret for autosomal dominant hypocalcemia type 1, low-dose infigratinib for achondroplasia, and BBP-631, an AAV5 gene therapy for congenital adrenal hyperplasia. Major catalysts in all four programs are anticipated in 2021 or 1Q22. As a result of the merger, former Eidos stockholders are entitled to receive, for each share of Eidos common stock , either 1.85 shares of BridgeBio common stock or $73.26 in cash.
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FKWL | Hot Stocks08:38 EST Franklin Wireless ships first 5G broadband router - Franklin Wireless announced that it sent its first shipment of new 5G broadband router, the 5G CPE/Home Gateway, to a tier one carrier in South Korea, after completing certifications and testing. This initial shipment is part of the Korean Government's mobile networking project.
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GE | Hot Stocks08:38 EST General Electric: Aviation to see continued challenges in 2021
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MGTX | Hot Stocks08:37 EST MeiraGTx granted fast track designation for AAV-CNGA3 - MeiraGTx Holdings announced that the U.S. Food and Drug Administration has granted Fast Track designation to its AAV-CNGA3 gene therapy product candidate for the treatment of achromatopsia caused by mutations in the CNGA3 gene.
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DHI | Hot Stocks08:37 EST D.R. Horton 'well-positioned' for spring selling season - Comments taken from Q1 earnings conference call.
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CACI | Hot Stocks08:36 EST CACI awarded $96M task order by U.S. Army - CACI International announced that it has been awarded a three-year task order, with a ceiling value of $96 M, to provide engineering and logistics expertise for the U.S. Army's Medical Communications for Combat Casualty Care, MC4,Program. Under the task order, awarded under the GSA Alliant 2 contract vehicle, CACI will provide enterprise expertise to assist the Army with integrating, testing, training, deploying, and sustaining electronic medical record software for the service's MC4 program. MC4 is the Army's single, tactical medical information management and information technology (IT) system that delivers improved operational healthcare and patient documentation. CACI will help the Army automate and streamline installation and updates of the MC4 software to accelerate the release of new capabilities, improve functionality for users, enhance interoperability of the systems, and continuity of care for military personnel.
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LMT | Hot Stocks08:36 EST Lockheed Martin sees FY21 Aeronautics sales $27.375B-$27.775B - Sees FY21 Space sales $11.875B-$12.175B, RMS sales $16.225B-$16.625B, MFC sales $11.625B-$11.925B. Sees Aeronautics segment operating profit $3.01B-$3.05B, Space segment op profit $1.12B-$1.15B, RMS segment op profit $1.635B-$1.675B, MFC segment op profit $1.59B-$1.62B.
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TAOP | Hot Stocks08:36 EST Taoping, Ivy International form joint venture to develop learning programs - Taoping announced that the Company has entered into a strategic partnership agreement with Ivy International Education Technology Co. to develop and market new learning programs for quality education. Ivy International Education is a professional organization engaged in study abroad consulting, Project-Based Learning program consulting, online education, and charitable education programs. Ivy International Education is the only authorized representative of interactive K-12 Online Learning program provider MommyDaddyMe in the Chinese mainland market. As part of the agreement, TAOP and Ivy International Education intend to form a joint venture company in China around February 2021. TAOP and Ivy International Education will own 51 percent and 49 percent equity interests in the joint venture, respectively. The joint venture plans to take the following actions in 2021: Attract high-income group with study abroad intent by taking advantage of Taoping's new media ecosystem and established exclusive marketing spaces in residential buildings, office buildings, shopping malls, hotels, and cinemas in over 200 cities in China; Develop and promote online and offline Project-Based Learning programs developed by Ivy International Education for quality education; Build a new online education platform by combining Taoping smart cloud platform technology and Ivy International Education's experienced teacher team; Work together on charitable education programs.
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SLP | Hot Stocks08:36 EST Simulations Plus enters distribution agreement with ICF - Simulations Plus announced that it has entered into a distribution agreement with the Institute of Pharmaceutical Sciences, or ICF, to provide marketing, sales, and technical support to organizations within South America. Founded in 2002, ICF is one of the largest pharmaceutical research centers in Latin America and the first commercial Brazilian laboratory to be fully certified by the Brazilian Health Regulatory Agency to conduct bioavailability and bioequivalence trials. In addition to running clinical trials, ICF has expertise developing complex formulation products such as patches, nasal sprays, and inhalers for organizations globally. With a staff of over 200 scientists, ICF will provide connections throughout industry, academia, and regulatory agencies to increase awareness of GastroPlus, ADMET Predictor and related services from Simulations Plus.
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VRTX | Hot Stocks08:34 EST Vertex announces FDA accepts sNDA for Trikafta expansion - Vertex Pharmaceuticals announced that the U.S. Food and Drug Administration has accepted its supplemental New Drug Application, sNDA, to expand the use of TRIKAFTA, elexacaftor/tezacaftor/ivacaftor and ivacaftor, to include children ages 6 through 11 years old who have at least one F508del mutation in the cystic fibrosis transmembrane conductance regulator gene or a mutation in the CFTR gene that is responsive based on in vitro data. The FDA has granted Priority Review of the sNDA and assigned a Prescription Drug User Fee Act (PDUFA) target action date of June 8. The submission was supported by data from a global Phase 3 study of TRIKAFTA in children ages 6 through 11 years old with cystic fibrosis who have either two copies of the F508del mutation or one copy of the F508del mutation and one minimal function mutation. "If approved for this expanded use, we will have the opportunity to treat the underlying cause of the disease earlier in life with TRIKAFTA and potentially benefit approximately 1,500 additional children with CF," said Carmen Bozic, M.D., Executive Vice President and Chief Medical Officer at Vertex. "Since our initial approval of TRIKAFTA in 2019, we have continued to work tirelessly to bring this medicine to those waiting as quickly as possible. We look forward to working with the Agency as they review the application over the course of the coming months." Vertex plans to submit a Marketing Authorization Application, MAA, variation for the triple combination in the European Union in the first half of 2021 for children ages 6 through 11. Global regulatory filings in additional markets, including Canada and Australia, are planned in the coming months for this age group.
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LMT | Hot Stocks08:34 EST Lockheed Martin sees FY21 segment operating profit $7.355B-$7.495B - Comments taken from Q4 earnings conference call presentation slides.
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FLDM | Hot Stocks08:34 EST Fluidigm partners with Helix Specialty Diagnostics for COVID-19 testing - Fluidigm announced that Helix Specialty Diagnostics is partnering with Genomic to provide COVID-19 testing using the Advanta Dx SARS-CoV-2 RT-PCR Assay on the Fluidigm Biomark HD system. Both Missouri based companies operate major Clinical Laboratory Improvement Amendments certified labs. Helix Specialty Diagnostics leads sample collection for the collaboration, with Genomic processing and analyzing the saliva samples via the Advanta Dx Assay on the Biomark HD. Fluidigm has received Emergency Use Authorization from the FDA for the Advanta Dx SARS-CoV-2 RT-PCR Assay, an extraction-free saliva-based test to detect nucleic acid from the SARS-CoV-2 virus. The assay does not require collection via invasive nasopharyngeal swab, and the company's submission to the FDA demonstrated 100% agreement between saliva results from the Advanta Dx Assay and results from paired nasopharyngeal samples tested with authorized assays. To date, none of the published viral mutations meaningfully impact the regions of the viral genome targeted by the assay's primers and probes.
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AGEN | Hot Stocks08:32 EST Agenus enters into clinical collaboration with Nelum for zalifrelimab combinatio - Agenus announced that it has entered into a clinical collaboration with Nelum Corp. to evaluate the safety and efficacy of zalifrelimab, Agenus' anti-CTLA-4 antibody, in combination with NLM-001, Nelum's small molecule hedgehog inhibitor, and chemotherapy for first-line advanced pancreatic cancer. Nelum's NLM-001 is a best-in-class small-molecule hedgehog inhibitor that targets cancer-associated fibroblasts. It synergizes with checkpoint inhibitors by promoting immune cell infiltration into the tumor microenvironment and increases tumor penetration of chemotherapy. NLM-001 is active and well-tolerated in patients with solid tumors, as demonstrated in a Phase I study. Under the terms of the agreement, Agenus will supply zalifrelimab to Nelum for the combination study. Nelum will sponsor and be responsible for the conduct of the trial, which is set to begin enrolling in 1H21.
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PEP BYND | Hot Stocks08:32 EST PepsiCo, Beyond Meat establish The PLANeT Partnership - PepsiCo (PEP) and Beyond Meat (BYND) announced they will form The PLANeT Partnership, LLC, a joint venture to develop, produce and market innovative snack and beverage products made from plant-based protein. The joint venture will leverage Beyond Meat's leading technology in plant-based protein development and PepsiCo's world-class marketing and commercial capabilities to create and scale new snack and beverage options. Financial terms of the partnership were not disclosed. Joint venture operations will be managed through the newly created entity The PLANeT Partnership, LLC.
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CREE NPO | Hot Stocks08:29 EST Cree appoints EnPro CEO Marvin Riley to board - Cree (CREE), announced that Marvin A. Riley has been appointed to the Company's Board of Directors, effective January 25. Mr. Riley is president and chief executive officer of EnPro (NPO), a leading industrial technology company using materials science to push boundaries in semiconductor, life sciences, and other technology-enabled sectors. "Marvin's extensive experience in the global manufacturing and automotive sectors will be a unique asset for the company as we work with the executive team to capitalize on the vast opportunities ahead for Cree's silicon carbide in a variety of high-growth automotive and industrial applications," said Cree Chairman of the Board Darren Jackson. "We are excited to welcome Marvin to the Board and look forward to his contributions as we continue our long-term plans to lead the global transition from silicon to silicon carbide and expand the company's leadership position." Mr. Riley is currently president and chief executive officer of EnPro and has held the position since July 2019, after previously serving as executive vice president and chief operating officer since July 2017.
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OPK | Hot Stocks08:28 EST Opko Health's BioReference Labs to provide COVID-19 testing for NBA, NHL - BioReference Laboratories, an OPKO Health company, announced COVID-19 testing agreements for players and officials, as well as team and league staff for the 2020-2021 seasons for the National Basketball Association and National Hockey League. For the 2020-21 NBA season, BioReference has been providing testing services, utilizing PCR and rapid diagnostics, at the 30 NBA team facilities in 28 cities across the U.S. BioReference previously supported the NBA's 2019-20 season restart. Under an agreement with the NHL, BioReference will provide COVID-19 testing to players, coaches, staff and officials, which includes COVID-19 PCR laboratory-based diagnostics, and rapid diagnostics to the 24 U.S.-based teams. In addition, BioReference is currently supporting the Winter X Games in Aspen, U.S. Soccer's Women's and Men's National Teams and the NBA G League in Orlando.
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ISUN | Hot Stocks08:26 EST iSun awarded $2.2M contract for solar charging from Meriden Housing Authority - iSun announced that it has been selected by competitive bid to provide its solar EV carport, rooftop and ground-mount technologies to the Meriden Housing Authority for two locations in Bristol, Connecticut. Jeffrey Peck, CEO of iSun, commented, "We have been diligently executing our growth plan including organic sales across all business units, accretive M&A and owning assets for recurring revenue. The recent acquisition and name change to iSun contribute to all parts of our plan simultaneously starting with this $2.2 million contract and its recurring revenue stream from the energy-as-a-service component. Consistent with our 50-year history serving the needs of our customers, our Chief Innovation and Experience officer, Sass Peress, worked with Robert Cappelletti at the Meriden Housing Authority to solve for the right combination of technologies to deliver maximum power, parking lot protective shading, and aesthetic benefits to meet their specific needs. iSun's portfolio of innovative products allows us to reach new customers with aligned goals. We are excited to serve Mr. Cappelletti, a true visionary with his agenda to 'build back better' neighborhoods. We expect to complete construction in Spring 2021," said Peck.
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APDN | Hot Stocks08:26 EST Applied DNA Sciences, TruTrace unveil cannabis product validation system - Applied DNA Sciences announced the signing of a definitive agreement with TruTrace Technologies, developer of a fully-integrated blockchain platform for the legal cannabis, food and pharmaceutical industries, to approach the cannabis industry with an integrated solution comprised of Applied DNA's Certain platform and TruTrace's StrainSecure platform to deliver a complete cannabis product validation and authentication platform differentiated in the marketplace by linking together the power of proprietary SaaS platforms, blockchain and molecular tagging technology to create a secure ecosystem which provides end-to-end traceability and full transparency. The companies have entered into a Strategic Alliance, Referral and Technology Integration Agreement that allows each company to introduce the other into existing accounts, prospects, as well as cultivate new joint opportunities. The Agreement also calls out the integration of the companies' respective platforms through APIs to exchange data elements as part of the complete chain of custody solution from source materials to product on the shelf. There is a mutual payment structure in place as engagements are brought online. TruTrace's blockchain-based SaaS software is designed to guarantee product quality and strain genetics throughout global supply chains. Protecting consumers and brands from contaminants and counterfeiting is a key benefit of the platform under development.
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FLIR | Hot Stocks08:21 EST FLIR gets $30.1M contract boost from US Army for sustainment efforts on programs - FLIR Systems announced it has received an additional $30.1M contract from the United States Army for sustainment efforts tied in part to the service's Man Transportable Robotic System Increment II and Common Robotic System-Heavy ground robot programs. The award raises the maximum value on the company's existing Indefinite Delivery, Indefinite Quantity, IDIQ, contract to $88M, covering maintenance, parts and overall sustainment support for the entire FLIR unmanned ground systems family of small, medium and large robots used by the Army. FLIR Systems announced it has received an additional $30.1 million contract from the U.S. and Common Robotic System-Heavy ground robot programs. The FLIR Centaur robot for MTRS Inc. II is shown here. "We're proud to be supporting the U.S. Army on two vital programs of record designed to confront a new generation of threats on the battlefield," said Tom Frost, VP for Unmanned Ground Systems in the Unmanned and Integrated Solutions business at FLIR. "From the Kobr and Centaur platforms to our smaller PackBot and FirstLook robots, we are well positioned to provide high-quality, cost-effective sustainment efforts over these systems' lifespan and deliver lifesaving robotic technology to America's warfighters."
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ABM | Hot Stocks08:21 EST ABM initiates fifth phase ESPC for Madison County Schools - ABM has initiated a fifth phase Energy Savings Performance Contract for Madison County Schools, a public K-12 school district in Georgia. The combined results after all five phases are projected to save MCS an estimated $40 million in energy and operational costs over a 17-year period. ABM's customized solution will provide energy efficient upgrades and aim to improve the school district's indoor environment by reducing the viral transmission of disease-causing pathogens from surfaces and the air. The newest phase provides cost-effective solutions specific to the school district's needs and includes ABM's EnhancedClean program, a certified program that will provide daily touchpoint disinfection and deeper, broader nightly disinfection.
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KRON BAYRY | Hot Stocks08:19 EST Kronos Bio appoints Marianne De Backer to board of directors - Kronos Bio (KRON) announced the appointment of veteran biopharmaceutical executive Marianne De Backer, Ph.D., to the company's board of directors. Additionally, the company announced that Rebecka Belldegrun, M.D., has resigned from the board to pursue other opportunities. Dr. De Backer is currently chief business officer and executive vice president, Strategy and Business Development and Licensing, at Bayer (BAYRY).
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SGSVF | Hot Stocks08:18 EST Sabina Gold & Silver appoints Anna Tudela to board of directors - Sabina Gold & Silver is pleased to announce it has appointed Anna Tudela to its Board of Directors. Most recently, she was the Vice President of Diversity, Regulatory Affairs and Corporate Secretary of Goldcorp.
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GE | Hot Stocks08:18 EST GE: 2020 orders down 17%, with 95% of the pressure aviation-related
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MU | Hot Stocks08:17 EST Micron announces volume shipment of 1-alpha node DRAM products - Micron Technology announced volume shipment of 1alpha node DRAM products built using the world's most advanced DRAM process technology and offering major improvements in bit density, power and performance. This milestone reinforces Micron's competitive strength and complements its recent breakthroughs with the world's fastest graphics memory and the first-to-ship 176-layer NAND. Micron plans to integrate the 1alpha node across its DRAM product portfolio this year to support all environments that use DRAM today. The applications for this new DRAM technology are extensive and far reaching - enhancing performance in everything from mobile devices to smart vehicles.
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FCX | Hot Stocks08:17 EST Freeport McMoRan sees FY21 CapEx $2.3B - Sees 2021 copper sales volume 3.8B lbs, gold sales volume 1.3M oz, molybdenum sales volume 85M lbs.
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AMEH | Hot Stocks08:17 EST Apollo Medical and CAIPA MSO announce strategic alliance - Apollo Medical Holdings and CAIPA MSO, a management services organization based out of New York, announced a strategic alliance and investment by ApolloMed in CAIPA MSO. CAIPA MSO provides management, consulting, administrative, and other support services to professional healthcare service providers, including to Chinese American IPA d/b/a Coalition of Asian-American IPA, a leading independent practice association serving the greater New York City area. Under the terms of the agreement, ApolloMed will purchase units of membership interest of CAIPA MSO, resulting in ApolloMed owning 30% of the post-closing total interests in CAIPA MSO on a fully diluted basis.
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NDRA | Hot Stocks08:16 EST Endra Life Sciences issued ultrasound/ thermoacoustic system patent from USPTO - Endra Life Sciences has recently been issued U.S. Patent 10898166 from the United States Patent & Trademark Office, or USPTO. This new patent, titled "Systems and Methods for Imaging Biological Tissue Structures," defines a hybrid integrated ultrasound/ thermoacoustic system and method that locates and registers the ultrasound and thermoacoustic portions of the invention relative to one another. The '166 patent complements Endra's U.S. patent 10028662, which relates to an ultrasound/thermoacoustic system and method that utilizes separate ultrasound/ thermoacoustic systems concurrently. In addition, it is the parent application to recent patents that have issued in Europe and China, European Patent 3294142B1 and Chinese patent ZL 2016 8 00267062, respectively.
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FCX | Hot Stocks08:16 EST Freeport McMoRan sees Q1 gold sales volume 275,000 oz. - Sees Q1 copper sales volume 825M lbs. Comments taken from Q4 earnings conference call presentation slides.
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SOLY | Hot Stocks08:14 EST Soliton announces collaboration with U.S. Navy for RAP device - Soliton announced it has entered into a collaboration with the US Navy to conduct a multi-treatment proof-of-concept clinical study to evaluate the safety, and efficacy of multiple treatments with Soliton's Rapid Acoustic Pulse, or RAP, device for the improvement in the appearance of fibrotic scars. The study will be a US-based, single-center, prospective trial, examining a maximum of 25 patients.
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BHTG CCL | Hot Stocks08:14 EST BioHiTech Global receives $2M in purchase orders for Carnival ships - BioHiTech Global (BHTG) announced it has received approximately $2M in new Revolution Series food digesters purchase orders for 12 Carnival Cruise Lines (CCL) ships and 2 Princess Cruises ships. BioHiTech expects to fulfil the orders through the second quarter.
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BNGO | Hot Stocks08:14 EST Bionano Genomics announces release of Compute On Demand version 1.2 - Bionano Genomics announced the release of version 1.2 of its Compute On Demand cloud compute solution which significantly reduces the cost and time to analyze structural variants in a human genome. This update is part of Bionano's continuous efforts to decrease time to results while reducing per sample costs to make Saphyr data available for every clinician and researcher that needs it. In particular, this update allows for analysis results to be returned in 9 hours, a 30% decrease, and complements the recent increases in Saphyr system throughput of up to 96 samples per week. Bionano Saphyr users have the choice of several computing options, including the purchase of dedicated analysis servers, COD, or a combination of both, which allows for flexible management of peak sample processing. COD is an attractive solution for many clinical sites because it does not require up front capital equipment purchases or the need to maintain an on-premises compute server. For example, the results recently reported by the COVID-19 Host Genome SV Consortium were generated using COD.
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ELAN | Hot Stocks08:14 EST Elanco sees recording charges of $58M-$77M in restructuring - Elanco Animal Health Incorporated announced the next step in its ongoing efforts to improve operational efficiency. The proposed actions are focused on streamlining processes and delivering increased efficiency in functional areas while, importantly, improving the productivity of Elanco's investments in innovation..."With a number of milestones achieved since IPO, including the Bayer acquisition, today's actions are the next step in our commitment to drive operational efficiencies and deliver attractive returns," said Jeff Simmons, Elanco president and CEO. "As we start 2021, our team is clear on their priorities and brings momentum as we continue to execute and deliver against our expanded and strengthened IPP strategy." The company expects to record charges of between $58M to $77M in connection with this restructuring, with $55 million to $70 million in severance and other cash charges and the balance in asset impairments and other non-cash charges. Elanco expects to recognize between $58M to $70M of the total restructuring costs in the first quarter of 2021 with the remaining amount recognized over the balance of 2021. The compensations and benefit savings in 2021 are anticipated to be approximately $20 million to $24M, annualizing to $45M to $50 M in 2022 and beyond.
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CRNC | Hot Stocks08:13 EST Cerence appoints Sujal Shah as Head of Professional Services - Cerence appointed Sujal Shah as the company's Head of Professional Services. In this role, Shah will be responsible for delivering innovation in products and services for Cerence's automaker and tier 1 customers. Shah joins Cerence from HARMAN International's Connected Services Business Unit, where he most recently served as Vice President, Innovation Services. In previous roles at HARMAN, Shah led the Android Automotive practice, partnering with Google to develop new solution offerings based on Android Automotive. Prior to HARMAN, Shah held roles at Alpine Electronics of America, Nissan North America, and DaimlerChrysler.
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CRDF | Hot Stocks08:12 EST Cardiff Oncology receives 'Study May Proceed' letter from FDA - Cardiff Oncology announced that it has received a Study May Proceed letter from the U.S. FDA to begin a Phase 2 clinical trial of onvansertib in metastatic pancreatic ductal adenocarcinoma. This Phase 2 clinical trial is designed to assess the safety and preliminary efficacy of onvansertib in combination with nanoliposomal irinotecan, 5-FU and leucovorin as a second-line treatment in patients with metastatic PDAC who have failed first-line gemcitabine-based therapy. The trial is expected to enroll approximately 40 patients across six sites in the U.S. including the three Mayo Clinic Cancer Centers, Emory University, Kansas University Medical Center and Inova Schar Cancer Institute.
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BEEM | Hot Stocks08:11 EST Beam Global reports record EV Arc system deliveries in Q4 - Beam Global reported deliveries of 33 EV ARC systems in Q4. The company delivered more EV ARC systems in Q4 than in any previous 4th quarter and more than in any of the preceding three quarters during the year. Deployments of the flagship EV ARC sustainable EV charging system were made to enterprise, municipal government, Federal government and utility customers, for public, workplace and fleet vehicle charging. The majority of the deliveries were to enterprise and government customers in California. California Governor Gavin Newsom has pledged to spend $1.5B in boosting the purchase of zero emission vehicles and building new charging stations across California. Newsom's proposal also dedicates $300M to the "greening" of state infrastructure starting with a pledge of a $50M one-time General Fund to support the installation of zero-emission vehicle charging stations at state-owned facilities.
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VIR | Hot Stocks08:11 EST Vir Biotechnology announces data from ongoing Phase 1 trial of VIR-3434 - Vir Biotechnology announced initial topline data from its ongoing trial of VIR-3434 in patients with chronic hepatitis B virus infection. Data from the first blinded cohort of eight patients, two of whom received placebo and six of whom received a single dose of 6 mg of VIR-3434, showed that six of eight patients achieved a mean reduction of 1.3 log10 IU/mL in serum hepatitis B virus surface antigen by day eight, the day when nadir was achieved in most patients. VIR-3434 is an HBV-neutralizing monoclonal antibody designed to block entry of all 10 genotypes of HBV into hepatocytes and reduce the level of virions and subviral particles in the blood. It has also been Fc engineered to include the XX2 "vaccinal mutation," allowing it to potentially function as a T cell vaccine, in this case, against HBV. The XX2 vaccinal mutation, which has the potential to transform standard antibodies into T cell vaccines, has also been incorporated into one of Vir's investigational COVID-19 monoclonal antibodies, VIR-7832, which is currently planned to enter a Phase 1b/2a trial this quarter. Vir has licensed exclusive rights to the XX2 mutation for use in infectious diseases. The Phase 1 clinical trial of VIR-3434 is a randomized, placebo-controlled trial designed to assess the safety, tolerability, pharmacokinetics, antiviral and immunomodulatory activity of VIR-3434 in healthy volunteers and patients with chronic HBV infection with HBsAg levels less than 1,000 IU/ml. The trial is designed to progress from healthy volunteers to chronic HBV patients in a staggered, parallel fashion with the goal of rapidly generating early proof-of-concept data in patients. Additional data will be submitted for presentation at an upcoming medical conference. A Phase 2 trial combining VIR-3434 with Vir's HBV-targeting siRNA, VIR-2218, is expected to commence in the second half of this year.
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CATC | Hot Stocks08:10 EST Cambridge Bancorp raises quarterly dividend to 55c from 53c per share - Payable on February 25 to shareholders of record as of the close of business on February 11.
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ENPH | Hot Stocks08:09 EST Enphase Energy acquires Sofdesk, terms not disclosed - Enphase Energy announced the closing of its acquisition of Sofdesk Inc., headquartered in Montreal, Canada. Sofdesk's Solargraf integrated software platform offers the industry's leading digital tools and services designed to simplify and accelerate the end-to-end sales process across the residential solar industry. The Solargraf platform provides solar installers with critical pre-sales engagement design, quoting and work-flow management from any PC, tablet or mobile device. In addition, Sofdesk also offers Roofgraf, a software product that enables roofing contractors to generate homeowner proposals using advanced machine learning technology. The acquisition is expected to provide the following benefits: Secures a software platform that helps create a reliable and predictable buying experience across the residential solar market, leading to better customer experiences; Adds significant resources to accelerate the software product roadmap and provide best-in-class customer service to Sofdesk's 700+ solar installer base; Offers digital sales enablement tools and services to the Enphase Installer Network for homeowner proposal generation, permitting, third-party financing, and post-sales support; Develops a new customer segment of roofing contractors that subscribe to Roofgraf, Sofdesk's roofing software; Augments Enphase's existing software engineering capabilities with a talented team of software engineers with Artificial Intelligence and Machine Learning expertise.
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MRNA | Hot Stocks08:08 EST Moderna provides U.S. supply update for COVID-19 vaccine - Moderna provided a supply update for the Moderna COVID-19 Vaccine, reporting that 30.4M doses have been supplied to the U.S. Government to date. The company continues to work closely with the U.S. Government and to provide regular updates on supply and production. Approximately 10.1M doses have been administered in the U.S., according to the U.S. Centers for Disease Control and Prevention. The company confirms that it is on track to deliver on its commitment of approximately 100M doses to the United States government by the end of Q1, with 200M doses total available by the end of Q2. All U.S. supply comes from Moderna's dedicated supply chain in the U.S. On January 4, the company announced that it increased its base-case global production estimate from 500M to 600M doses for 2021. Moderna is continuing to invest and add staff to build up to potentially 1B doses for 2021.
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TBK | Hot Stocks08:08 EST Triumph Bancorp's TriumphPay appoints Ed Schreyer as COO - Triumph Bancorp's TriumphPay division appointed Ed Schreyer as COO of the division. Schreyer will officially join TriumphPay in early March. In his most recent role, Schreyer served as COO for the Americas Advisory business, consisting of more than $5.7B of revenue.
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MDRX | Hot Stocks08:08 EST Allscripts and US Orthopedic Alliance expand strategic partnership - Allscripts Healthcare Solutions announced a strategic technology partnership with US Orthopedic Alliance, USOA) an orthopedic management services provider based in Southern California, to support USOA's growth and pursue additional relationships with leading orthopedic providers nationwide. The partnership will bring to market best-of-breed infrastructure designed to help orthopedic practices scale with agility, improve EHR implementation timelines, provide evidence-based guidelines to support evolving clinical protocols, and create community-wide connectivity with value-based care analytics. The selection of USOA's proprietary, data-driven platform is the result of an expansive vetting process of orthopedic management services providers by the Allscripts team. "Combining the extensive industry expertise of USOA with Allscripts' vast technology expertise and broad use in the independent physician space creates a compelling platform for orthopedic practitioners that want to access health information technology solutions only the largest health systems could afford," said Leah Jones, SVP and general manager of Allscripts' ambulatory business unit. "We couldn't be more excited to work with the USOA team in building an exceptional, accessible, and scalable orthopedic services technology platform."
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ETTX | Hot Stocks08:07 EST Entasis Therapeutics announces sulbactam-durlobactam EAP for U.S. patients - Entasis Therapeutics Holdings announced the availability of an expanded access program for sulbactam-durlobactam or SUL-DUR, an investigational drug, for U.S. patients with Acinetobacter baumannii infections, including carbapenem and multidrug resistant strains.
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GE | Hot Stocks08:07 EST General Electric CEO sees 'considerable improvement' from mid-2020
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GRWG | Hot Stocks08:07 EST GrowGeneration acquires Indoor Garden & Lighting, terms not disclosed - GrowGeneration announced the acquisition of Indoor Garden & Lighting, a two-store chain of hydroponic equipment and indoor gardening supply stores serving the Seattle and Tacoma, Washington area. The Company will be consolidating its current Seattle operation into the acquired stores. This acquisition brings the total number of GrowGen hydroponic garden centers nationwide to 40 stores.
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AMTB | Hot Stocks08:06 EST Amerant Bancorp launches Amerant Mortgage - Responding to growing demand for residential mortgages in the midst of Florida's booming residential real estate market, Amerant BanK announced the formation of Amerant Mortgage, LLC. Amerant Mortgage is a joint venture between the bank and a team of highly specialized residential real estate executives with a long track record of success in the residential mortgage arena, most recently with one of the largest Florida-based financial institutions. Amerant will retain majority ownership of the JV. Howard Levine, Tony Eelman, Marshall Martin, and Joe Keel are all respected industry veterans with a shared vision of creating a large-scale, highly efficient, and profitable nation-wide mortgage banking business. The focus of Amerant Mortgage will be on driving an outstanding client experience and leveraging strategic relationships to realize consistent revenue and building franchise value. The existing residential mortgage team for Amerant will be rolled into the new JV. Amerant Mortgage will offer the full complement of residential lending solutions to include conventional, government, Jumbo loans, and unique product offerings, ideally positioning the organization as a true market leader.
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PCAR | Hot Stocks08:06 EST Paccar in pact with Aurora for autonomous Peterbilt 579 and Kenworth T680 trucks - PACCAR signed a global strategic agreement with Aurora, a leader in autonomous driving technologies, to develop autonomous Peterbilt 579 and Kenworth T680 trucks. "This partnership will integrate PACCAR's autonomous vehicle platform with the Aurora self-driving technologies. PACCAR's customers will benefit from the autonomous vehicles' enhanced safety and operational efficiency," said Kyle Quinn, PACCAR chief technology officer. "Kenworth T680 and Peterbilt 579 trucks utilizing the Aurora Driver are expected to be delivered in the next several years."
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ECOR | Hot Stocks08:06 EST electroCore enters distribution agreement with RSK Medical in Canada - electroCore has entered into an agreement with RSK Medical whereby RSK Medical will serve as the exclusive distributor of the gammaCore Sapphire non-invasive vagus nerve stimulator in Canada, supplying therapy to patients suffering with primary headache disorders. The initial term of the agreement is three years, commencing upon registration of gammaCore Sapphire in Canada.
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BOKF | Hot Stocks08:05 EST BOK Financial adds four members to Diversity & Inclusion Council - BOK Financial has added four new members to its Diversity & Inclusion Council. The members will support the company's efforts to excel and grow by valuing and leveraging the power of diversity and inclusion. The new members are: TC Alexander, senior vice president; manager, brand business banking sales; Tulsa. Grant Bridgewater, senior vice president; senior director, IT infrastructure and operations; Tulsa. Derek Martin, executive vice president; consumer banking services executive; Tulsa. Marisol Salazar, senior vice president; energy banking; Houston. The Council works to ensure that BOK Financial fosters and supports an environment that reflects the entirety of the company's values. Council members serve three-year terms, and membership comprises leadership and influencers from throughout the company's operation.
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ALK | Hot Stocks08:05 EST Alaska Air CEO says 'seeing signs of brighter days ahead' - "We are not out of the woods, but we are seeing signs of brighter days ahead," said Air Group CEO Brad Tilden. "The people of Alaska and Horizon have really shown their grit over the past year, and the rest of the leadership team and I could not be more proud of them. We're positioned to come out of this crisis with our balance sheet unimpaired and our competitive advantages intact, and both of these set us up for a strong future and a long runway for growth."
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CE | Hot Stocks08:05 EST Celanese announces 15-year contract extension with Calpine Energy - Celanese announced a 15-year contract extension with Calpine Energy to incorporate a solar power component into the electricity supply mix for the company's world-class acetyl intermediates chemical manufacturing facility located in Clear Lake, Texas. Calpine Energy Solutions is expected to supply the Celanese Clear Lake facility with 45 megawatts of peak solar contracted capacity. On an annualized basis, this represents approximately 142,000 megawatt hours of renewable energy and will equate to taking approximately 14,500 cars off the road. This contract equates to about 33% of Celanese's annual electricity consumption at the site and approximately 65% of the site's daytime electricity usage during the summer months.
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ADMA | Hot Stocks08:04 EST ADMA Biologics receives unique permanent J-Code for Asceniv - ADMA Biologics announced that the Centers for Medicare and Medicaid Services has issued a permanent, product-specific J-code for Asceniv. Under the Healthcare Common Procedure Coding System, the J-code will become effective April 1 and will replace the currently issued C-code for ASCENIV, which can continue to be utilized in the interim for reimbursement purposes. The company will retain transitional pass-through status granted for Asceniv from CMS. "This J-code will provide for a streamlined and permanent reimbursement process in all outpatient treatment settings," said CEO Adam Grossman. "The J-code implementation will accelerate and expand patient access to ASCENIV, and as a result, increases our confidence in the ongoing commercial roll-out, in addition to the product's potential contribution to our overall 2024 revenue target of $250M or more." Permanent J-codes are used by commercial insurers and government payers to standardize claims submissions and reimbursements for medications.
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PCRX | Hot Stocks08:04 EST Pacira announces equity investment in GeneQuine Biotherapeutics - Pacira BioSciences announced that the company will lead an equity investment in GeneQuine Biotherapeutics GmbH. Under the terms of the agreement, Pacira will make an initial investment of EUR2M with an additional EUR4M investment predicated upon GeneQuine achieving certain prespecified near-term milestones related to its lead gene therapy product candidate, GQ-303. Up to EUR2.5M of the total Pacira investment will be in the form of a convertible note. In addition, Pacira is entitled to appoint one member to GeneQuine's board of directors. GeneQuine Biotherapeutics is a privately held biopharmaceutical company headquartered in Hamburg, Germany that is advancing a gene therapy platform for the treatment of osteoarthritis and other musculoskeletal disorders. GeneQuine's product candidates are next-generation gene transfer vehicles. These gene therapy vectors are highly efficient in entering joint cells to confer multi-year gene expression. Safety of this platform has been demonstrated in several species and is currently being evaluated in an ongoing Phase 1 study.
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GE | Hot Stocks08:03 EST General Electric CEO: 'It's hard to think of a tougher year' than 2020 - Comments taken from Q4 earnings conference call.
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FDS | Hot Stocks08:02 EST FactSet launches Vermillion portfolio reporting solution in Japan - FactSet has launched Vermilion, its flagship portfolio reporting solution, in Japan. Asset Management One is the first Japanese client to select FactSet's Vermilion for domestic use. Vermilion allows users to produce client-facing reports and communications using automation technology. FactSet will work with AM-One to implement Vermilion across the company.
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ASGTF | Hot Stocks08:02 EST Invesco Real Estate selects Altus Group as technology partner - Altus Group announced that Invesco Real Estate selected Altus Group as its technology partner to provide data management software and services that will transform how Invesco manages its EUR13B pan-European real estate portfolio with 177 assets across 15 countries.
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PEG | Hot Stocks07:59 EST PSEG raises dividend 2.7% to 43c - Penske Automotive Group announced that its Board of Directors has increased the Company's dividend to 43c per share. The dividend is payable on March 1 to shareholders of record on February 10. Commenting on the dividend, President Robert K. Kurnick said, "I am pleased to announce an increase in the quarterly dividend. With this increase, the annualized dividend is $1.72 per share and represents a yield of 2.7%, the highest in our peer group. Our business and cash flow remain strong despite the Covid-19 pandemic, as the actions we took to mitigate its impact continue to provide operational benefits."
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OSUR | Hot Stocks07:58 EST Chronomics selects OraSure's OMNIgene ORAL salive collection kit - OraSure Technologies announced that Chronomics Limited has selected the OMNIgeneORAL saliva collection device as a component of its SARS CoV-2 PCR test. Chronomics Limited will supply its test for the United Kingdom's "Test to Release for International Travel" program. The OMNIgeneORAL device is a product of OraSure's DNA Genotek subsidiary. The "Test to Release for International Travel" program enables travelers to England to purchase a COVID-19 test privately from providers including Chronomics. Travelers who receive a negative test result can reduce their self-isolation period. The project is part of the UK's plan to use Covid-19 testing to reduce the spread of the virus.
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OSTK | Hot Stocks07:58 EST Overstock.com converting Medici Ventures to limited partnership - Overstock.com last night announced it will be converting Medici Ventures, its wholly owned blockchain-focused subsidiary, to a limited partnership. An entity within Pelion Venture Partners, a third-party venture capital firm, will act as the general partner of the fund. Under the arrangement, which will close after obtaining necessary legal and regulatory approvals, Medici Ventures will be converted into a limited partnership. Overstock will be a limited partner in the fund. After closing, the Pelion entity will have sole authority and responsibility regarding investing decisions, appointing board members of the portfolio companies, and exercising all shareholder rights for assets Medici Ventures currently holds. The fund will have an eight-year life and a total capital commitment of $45M. The fund will return invested capital to Overstock first and then split profits on successful exits as set forth in the fund's limited partnership agreement. The fund will hold a "significant minority" ownership stake in tZERO Group and Overstock will retain a direct minority equity interest in tZERO. Medici Ventures will discontinue providing software development and design services to its portfolio companies. "As an on-going advocate of blockchain technology, Overstock will continue to accept Bitcoin as a form of payment for products purchased on its website," the company added.
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INOV | Hot Stocks07:56 EST Inovalon supports COVID-19 vaccine administration with software application - Inovalon announced that its ABILITY PC-ACE software application is being distributed to help support COVID-19 vaccination administration and ensure uninterrupted remuneration processes for providers across the country.
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J | Hot Stocks07:47 EST Jacobs Engineering awarded contract by U.S. NAVFAC - Jacobs was selected by U.S. Naval Facilities Engineering Command, or NAVFAC, Southeast for base operating support services at the Naval Submarine Base Kings Bay in Georgia and outlying areas. The contract, known as Kings Bay Base Operations Support I, or KB BOSI, goes into effect June 1 and has a maximum potential award to Jacobs of $421M over a one-year base period and seven one-year options. Jacobs expands its partnership with the U.S. Navy with this win, delivering intelligent asset management solutions on three contracts providing base operations services at Naval Station Mayport in Florida, Naval Base Kitsap's West Sound in Washington and now Kings Bay. Work under the KB BOSI contract includes providing intelligent asset management solutions to enhance infrastructure reliability and availability in the areas of force protection, facility management, facility investment, utilities management, electrical, steam, wastewater, water, compressed air, SCADA, telecommunications, chiller plant, transportation, and equipment, environmental and other related services.
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ABT | Hot Stocks07:46 EST Abbott's Panbio Rapid Antigen Test receives CE Mark - Abbott announced it has received CE Mark for two new uses of its Panbio COVID-19 Ag Rapid Test Device for the detection of the SARS-CoV-2 virus: asymptomatic testing and self-swabbing. Panbio COVID-19 Ag's label has been updated with clinical data on asymptomatic individuals, which enables mass testing of people who do not currently present symptoms of the disease. According to a recent study published in JAMA, at least 50% of COVID-19 infections are estimated to have originated from exposure to asymptomatic individuals. The other update to the label allows self-collection of nasal specimens under the supervision of a healthcare worker. Self-swabbing with a patient-friendly nasal swab improves patient comfort and reduces the risk of accidental exposure to the virus for healthcare workers as they can maintain distance during the testing procedure.
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DTE | Hot Stocks07:46 EST DTE Energy launches CleanVision Natural Gas Balance program - As part of DTE Energy's 2050 net zero commitment, DTE Gas announced that it will offer customers a new way to reduce their carbon footprint. The program, called CleanVision Natural Gas Balance is the first in the nation to include both carbon offsets and renewable natural gas. The carbon offset program is focused on protecting Michigan forests that naturally absorb greenhouse gases. Renewable natural gas will be sourced by transforming landfill emissions and wastewater treatment plant by-products into usable gas. Natural Gas Balance offers customers a way to affordably offset 25% to 100% of greenhouse gas emissions from an average home's natural gas use. Grand Rapids-based Madcap Coffee has joined the program as the first Natural Gas Balance customer. Madcap's mission as a specialty roaster is to use the business of coffee to promote positive change, whether that's making premium coffee more widely accessible or using it to solve big challenges like sustainability. DTE and Madcap Coffee are offering a $10 Madcap Coffee gift card for the first 200 customers who sign up for the Natural Gas Balance program.
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DDAIF... | Hot Stocks07:44 EST EU commercial vehicle registrations down 4.2% in December - In December, new commercial vehicle registrations in the European Union slid back by 4.2% to 170,122 units, reported the European Automobile Manufacturers Association. "This reflects the slowdown in demand for vans, which accounted for over 85% of all registrations, as the heavy-truck and bus segments actually performed better than the year before," the group said. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN). Reference Link
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DOCRF | Hot Stocks07:40 EST CloudMD to acquire Rxi group of companies for $9.5M - CloudMD Software & Services announced that it has signed a binding term sheet to acquire Rx Infinity Inc., Rxi Pharmacy Inc., and Rxi Health Solutions. Rxi's pharmaceutical logistic services include drug distribution, patient navigation assistance, a preferred pharmacy network of over 500 pharmacies and real time universal disease management software. Historically, patient support programs have been geared towards improving product access and outcomes rather than holistic disease management and linkage to care and clinical interventions that ensure proper medication adherence and better overall health outcomes. As a proven solution to the currently siloed healthcare system, Rxi's combined offerings provide a one-stop solution and centralized platform that breaks down treatment barriers by offering a team-based, real time, longitudinal approach to patient care and disease management. Rxi oversees several national and provincial patient support programs, specializing in Oncology, Infectious Diseases and Inflammatory Bowel Disease. The company also provides administrative and drug benefit management services to a large third-party benefits provider, servicing more than 300,000 patients across Canada. Rxi is also licensed as a National Wholesaler, approved by Health Canada. The acquisition of Rxi will be synergistic across CloudMD's platform of healthcare technology solutions and will be integrated with its electronic medical records software, educational resources, healthcare navigation and enterprise health services. The addition of Rxi will expand CloudMD's pharmacy offering and distribution and fulfillment channel across Canada. CloudMD will have access to Rxi's network of 500 independent pharmacies to provide better, more localized, access to care. Rxi's annualized revenue for calendar year 2020 is approximately $16.6M with earnings before interest, taxes, depreciation and amortization of approximately $600,000. Rxi generates revenue through wholesale and dispensary services, licensing for its proprietary technology and pharmacy partnerships. Upon closing, the acquisition of Rxi will be immediately accretive to CloudMD with synergies the company believes will drive further revenue and increased EBITDA margins through cross-selling and integration across its portfolio of healthcare technology solutions. In consideration for the purchase of 100% of the outstanding securities of Rxi, CloudMD has agreed to pay shareholders of Rxi aggregate consideration of $9.5M payable as follows: $2.5M in cash, subject to a working capital adjustment; $4M in common shares of the Company; and a performance-based earnout of $3M, which is payable in common shares of the Company in equal annual issuances over a period of two years. All common shares issued pursuant to the acquisition will be issued at a deemed price of $2.39 per common share and are priced by calculating the 10-day volume-weighted average trading price of the Company's common shares for the 10 trading days prior to the execution of the binding term sheet. The common shares will be subject to certain contractual restrictions on trading for a period of 20 months from the date of issuance. The acquisition is subject to customary closing conditions, including the execution of a definitive acquisition agreement and receipt of TSX Venture Exchange approval.
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ASLN | Hot Stocks07:37 EST Aslan Pharma's ASLAN003 shows potential for best-in-class DHODH inhibitor - Aslan Pharmaceuticals announced that new data from a study conducted by University of Liverpool, UK, published in the Toxicology in Vitro Journal, demonstrates that, out of a panel of six dihydroorotate dehydrogenase - DHODH - inhibitors tested, ASLAN003 has the lowest potential for hepatotoxicity despite being one of the most potent inhibitors of DHODH. Drug-induced liver injury is a major driver of both pre- and post-market drug attrition. The University of Liverpool undertook a study to evaluate the hepatotoxic potential of a panel of six DHODH inhibitors in two readily available hepatic in vitro models. In one model, ASLAN003 was shown to be the least toxic compound tested despite being one of the most potent DHODH inhibitors, while teriflunomide and leflunomide were equally the most toxic compounds tested. The data further demonstrate that the activity of ASLAN003 is mechanistically distinct from the hepatotoxicity associated with leflunomide and teriflunomide, and is consistent with the observation that ASLAN003 has been well tolerated in clinical trials to date. In preclinical studies, ASLAN003 has been shown to be efficacious in various animal models of autoimmune diseases. ASLAN is finalising its clinical development plan for ASLAN003 in autoimmune disease and the company expects to share further details in early 2021.
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WH | Hot Stocks07:37 EST Wyndham Hotels & Resorts announces seven hotels for namesake brand - Wyndham Hotels & Resorts announced plans for further growth with seven new hotel franchise agreements for its namesake, upscale, Wyndham brand in the U.S. The hotels are owned by national hotel development company, The Thrash Group, and managed by Charlestowne Hotels. The properties include The Thrash Group's Origin Hotel Collection, consisting of five lifestyle hotels as well as one historic hotel and a brand new construction hotel all of which will operate under the Wyndham umbrella.
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ETSY | Hot Stocks07:36 EST Etsy up 10% in pre-market after Telsa CEO professes 'love' in tweet - Shares of Etsy (ETSY) are up $20.19, or 10%, to $229.00 in pre-market trading after Tesla (TSLA) CEO Elon Musk tweeted earlier this morning: "I kinda love Etsy [...] Bought a hand knit wool Marvin the Martian helm for my dog" Reference Link
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ADS | Hot Stocks07:36 EST Alliance Data signs multi-year renewal agreement with Arhaus - Alliance Data Systems announced its Card Services business, a provider of market-leading payment products and digital solutions, including Bread and Comenity-branded financial services, has signed a multi-year renewal agreement to continue providing private label credit card services for Arhaus, a Cleveland-headquartered, family-owned and operated home furnishings retailer with more than 70 locations nationwide.
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FTRPF | Hot Stocks07:36 EST Field Trip Health announces opening of fifth location in the U.S. - Field Trip Health announced the opening of their fifth location in the United States in the city of Atlanta, GA, one of many locations that Field Trip is planning to open in 2021. Located in the Glenwood Park neighborhood, the Atlanta location is the first Field Trip Health center to open this year, following the opening of Toronto, New York, Los Angeles and Chicago in 2020. With the opening of the Atlanta location, Field Trip continues to execute on its strategy to demonstrate the efficacy and safety of psychedelic-enhanced therapies to promote mental and emotional health and well-being across the country.
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LMT | Hot Stocks07:35 EST Lockheed Martin reports Q4 cash from operations $1.8B
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NEE | Hot Stocks07:34 EST NextEra Energy: Long-term financial expectations remain unchanged
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INFY | Hot Stocks07:34 EST Infosys partners with FourKites for supply chain visibility solutions - Infosys entered a new alliance with FourKites, a real-time supply chain visibility platform, to accelerate the delivery of best-in-class supply chain process innovations and technology solutions. Infosys selected FourKites as a real-time visibility partner based on FourKites' technology, the world's largest network of shippers, and ability to deliver innovations. The relationship certifies Infosys to market FourKites' suite of solutions.
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EDSA | Hot Stocks07:33 EST Edesa Biotech receives FDA, Health Canada approval for EB05 sub-study - Edesa Biotech has received regulatory approval from the FDA and Health Canada to add a sub-study to its ongoing Phase 2/Phase 3 clinical study of its investigational drug, EB05, for the treatment of Acute Respiratory Distress Syndrome, or ARDS. The sub-study will evaluate the drug as a potential rescue therapy for critically severe COVID-19 cases. Edesa's sub-study is expected to enroll up to 100 ICU patients with severe COVID-19 symptoms, including patients who have been ventilated for more than five days or are receiving extracorporeal membrane oxygenation, or ECMO, therapy. The sub-study does not impact the design or results of Edesa's ongoing international Phase 2/3 study. EB05 is an experimental monoclonal antibody that Edesa believes could regulate the overactive immune response associated with ARDS. Specifically, the drug inhibits toll-like receptor 4, or TLR4, signaling, an important mediator of inflammation responsible for acute lung injury that has been shown to be activated by SARS-CoV2, SARS-CoV1 and Influenza viruses. The goal of the experimental treatment is to suppress inflammation, fluid accumulation and lung injury, thereby reducing the number of patients admitted to Intensive Care Units, or ICU, and intubation/ventilation procedures. Edesa's Phase 2/3 study is an adaptive, multicenter, randomized, double-blind, placebo-controlled study to evaluate the efficacy and safety of EB05 in adult hospitalized COVID-19 patients. Up to 316 patients will be enrolled in the Phase 2 part of the trial in Canada, the United States and Colombia. Patients will be infused intravenously with a single dose of EB05 or placebo. Should the antibody treatment demonstrate promising results at the Phase 2 readout, the company plans to continue with a pivotal Phase 3 study.
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LMT | Hot Stocks07:33 EST Lockheed Martin sees FY21 cash from operations greater than, equal to $8.3B
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BDX | Hot Stocks07:30 EST Becton Dickinson chairman Vincent Forlenza to retire, CEO Tom Polen to succeed - Becton Dickinson announced Tom Polen, BD CEO and president, will assume additional responsibility as chairman of the BD board of directors, effective April 28. Polen will succeed Vincent Forlenza, who will retire from BD at that time.
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BCYC | Hot Stocks07:25 EST Bicycle announces publication of article on tumor-targeted immune cell agonists - Bicycle Therapeutics announced that an article highlighting preclinical studies of Bicycle's novel, fully synthetic Bicycle systemic immune cell agonists and tumor-targeted immune cell agonists was published in the Journal for ImmunoTherapy of Cancer. The article, titled "Anticancer immunity induced by a synthetic tumor-targeted CD137 agonist" is available online via this link. "The data published in JITC describe the application of Bicycle's unique technology to produce a new class of potential immuno-oncology therapies: tumor-targeted immune cell agonists, or TICAs," said Nicholas Keen, Ph.D., Chief Scientific Officer of Bicycle Therapeutics. "In contrast to immune checkpoint inhibitors, the use of antibodies as agonists of immune costimulatory receptors as cancer therapeutics has largely failed. Here we demonstrate the discovery of small, chemically synthetic Bicycles that bind to key co-stimulatory receptors and that can be coupled in a modular manner to tumor antigen binding Bicycles to produce tumor localized receptor agonism. We look forward to initiating a clinical trial for our lead TICA program, BT7480, this year."
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ABCL LLY | Hot Stocks07:24 EST AbCellera announces results from BLAZE-1 trial with Eli Lilly - AbCellera (ABCL) announced that bamlanivimab 2800 mg, a human antibody discovered by AbCellera and developed with Eli Lilly (LLY), and etesevimab 2800 mg together significantly reduced COVID-19 related hospitalizations and deaths in more than 1,000 high-risk patients recently diagnosed with COVID-19. Key details from the randomized, double-blind, placebo-controlled BLAZE-1 Phase 2/3 study are as follows: The trial met its primary endpoint and key secondary endpoints with high statistical significance; Bamlanivimab and etesevimab together reduced COVID-19 events by 70% versus placebo (p=0.0004) and all deaths occurred in patients taking the placebo. No deaths occurred in patients taking bamlanivimab and etesevimab together.
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FQVLF | Hot Stocks07:22 EST First Quantum Minerals sees 2021 capex $950M - Capital expenditure of $950m is expected in 2021 and 2022, which includes $40m in each year on the smelter expansion at Kansanshi. 2021 and 2022 also includes a total of approximately $100m in capital expenditures deferred from 2020. In 2023, capital expenditure is expected to be $1,050m and includes $270m for the proposed S3 expansion at Kansanshi. This project is subject to board approval and the timing could be accelerated or delayed depending on capital availability, commodity prices and the Zambian fiscal regime. Project capital expenditure across the three years also provides for the expansion to 100mtpa at Cobre Panama. The majority of this capital is for pre-strip and mine fleet for Colina pit and process plant upgrades including the secondary crushing screening plant and the sixth ball mill. Sustaining capital expenditure is on average approximately $250m per year, but is expected to be up to $40m higher in 2021 with planned maintenance of the Kansanshi smelter.
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FQVLF | Hot Stocks07:21 EST First Quantum Minerals sees 2023 copper production 820,000-880,000 tonnes - Sees gold production 290,000-310,000 ounces. Sees nickel production 27,000-32,000 tonnes.
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MRNS | Hot Stocks07:21 EST Marinus Pharmaceuticals enrolls first patent in IV ganaxolone trial - Marinus Pharmaceuticals announced the enrollment of the first patient in a Phase 3 clinical trial of IV ganaxolone for the treatment of refractory status epilepticus, or RSE, a life-threatening occurrence of continued or intermittent seizures lasting more than five minutes in duration without recovery of consciousness. RSE is considered a medical emergency that can cause permanent brain damage or death if not quickly controlled.
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CMI | Hot Stocks07:21 EST Cummins provides a 20-megawatt PEM electrolyzer system for green hydrogen - "Global technology and power solutions leader Cummins has provided a 20-megawatt PEM electrolyzer system to generate green hydrogen, making it the largest in operation in the world," said the company in a statement.The Cummins electrolyzer system is installed at the Air Liquide hydrogen production facility in Becancour, Quebec and began commercial operation in late 2020. The Cummins PEM Electrolyzer can produce over 3,000 tons of hydrogen annually using clean hydropower. "Creating hydrogen technologies at scale is paramount to growing low-carbon solutions," said Amy Davis, Cummins Vice President and President of New Power, the company's alternative power business. "We have successfully developed our technology from 1MW to 5MW, and now have the largest PEM electrolyzer in operation in the world. It will continue to take enterprises, governments, forward-thinking customers and utilities all working together to make alternative power a reality. Here we are seeing how green hydrogen can improve sustainability for industrial manufacturing and how the demand for decarbonized hydrogen solutions will grow." The HyLYZER PEM electrolyzer technology is the result of more than 20 years of development by Hydrogenics, a Canadian company that was acquired by Cummins in September of 2019. This installation in Quebec features four compact pressurized electrolyzer skids that were fitted inside an existing building. This is a modular and scalable electrolyzer platform designed to address utility-scale hydrogen production. Electrolyzers provide a means to address one of the largest dilemmas in the renewable energy industry, which is how to store the energy when it is not in demand. Cummins' PEM electrolyzers enable the storage of excess energy that would typically be sold off to the market at a financial loss, or not harnessed at all, and instead store that energy to sell into a new green hydrogen market. They can also be used to decarbonize multiple sectors including zero emission transportation, industrial processes and the green chemicals sector.
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FQVLF | Hot Stocks07:21 EST First Quantum Minerals sees 2022 copper production 805,000-860,000 tonnes - Sees gold production 280,000-300,000 ounces. Sees nickel production 25,000-30,000 tonnes.
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FQVLF | Hot Stocks07:20 EST First Quantum Minerals sees 2021 copper production 785,000-850,000 tonnes - Sees gold production 280,000-300,000 ounces. Sees nickel production 23,000-27,000 tonnes.
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TSHA BLUE | Hot Stocks07:20 EST Taysha Gene Therapies appoints Timothy Douros as CLO, Tracy Porter as CPO - Taysha Gene Therapies (TSHA) announced new additions to its leadership team with the appointments of Timothy Douros as chief legal officer, or CLO and corporate secretary and Tracy Porter as chief people officer, or CPO. Douros will lead all aspects of the company's legal organization. Porter will oversee all aspects of human resources, including operations, talent acquisition and employee development. Douros brings over 25 years of legal experience in biotech specializing in intellectual property, strategic licensing and contracting, litigation and dispute resolution, as well as international and healthcare compliance while building and managing teams. Prior to joining Taysha, he served as Senior Vice President, General Counsel at Bluebird Bio (BLUE), where he led a global team of attorneys and staff and was a strategic partner to all internal clients, including business development, research and development, clinical operations and regulatory affairs. Porter joins Taysha with nearly 30 years as a human resources executive focused in entrepreneurial global business environments and specializing in pharmaceuticals and biotech. She has guided organizations from start-up and early-stage biotech to initial product launches and has provided human resources support through manufacturing expansion, acquisitions, divestitures, strategic business reorganizations and integrations. She most recently served as Vice President, Head of Human Resources at Audentes Therapeutics, where she developed, implemented and sustained its human capital strategy to rapidly scale and support the company's growth.
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WRK | Hot Stocks07:18 EST WestRock provides update on ransomware incident - WestRock provided the following update on its ransomware incident which was announced on Jan. 25, 2021. WestRock's security teams, supported by leading cyber defense firms, continue to work on remediation of and recovery from this incident. With some exceptions, the Company's operations have continued to run and deliver for customers. In locations where technology issues have been identified, we are using alternative methods to process and ship orders. "We are working around the clock to complete our investigation and to restore normalized operations as quickly as possible," said Steve Voorhees, chief executive officer. "WestRock teams are taking extraordinary steps to keep our mills and converting plants operational and to safely deliver to our customers."
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FQVLF | Hot Stocks07:18 EST First Quantum Minerals reports preliminary 2020 copper production of 779kt - The Company achieved its highest ever annual copper production of 779kt, an 11% increase from 2019, attributable to record-breaking production at Sentinel and the resilience of other operations, particularly Cobre Panama, in dealing with the significant challenges brought about by COVID-19 during the year. Copper production in Q4 2020 was 203kt, in line with Q4 2019. Sentinel achieved record copper production of 251kt for the full year, 31kt more than 2019, reflecting a significant increase in throughput to 57 million tonnes for the year. Copper production in Q4 2020 of 63kt was an increase of 24% from Q4 2019 resulting from the continued higher throughput and favourable grades. Cobre Panama copper production in Q4 2020 of 66kt was an increase of 6kt from Q4 2019, as the mine continued to operate under strict protocols in line with guidelines from the Ministry of Health of the Republic of Panama, and the planned 7-day shutdown of the SAG mills in October. Kansanshi copper production in Q4 2020 was 53kt, a decline of 8kt from Q4 2019 resulting from the lower grades and oxide recoveries.
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VLDR | Hot Stocks07:16 EST Velodyne Lidar signs multi-year sales agreement with Emesent - Velodyne Lidar announced a multi-year sales agreement to provide Puck LITE sensors to Emesent, a world-leader in drone autonomy, lidar mapping and data analytics. Emesent is using Velodyne's lidar sensors to power its award-winning Hovermap mobile scanning system for mapping hazardous and GPS-denied environments. vermap, which can be hand-held or mounted to a drone, uses Puck LITE lidar as its primary perception and mapping sensor. Equally capable above ground or underground, indoors or out, Hovermap combines advanced collision avoidance and autonomous flight technologies to map challenging, inaccessible areas. Hovermap has a colorization feature for its 3D point clouds that brings additional context for visualization and analysis.
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GLOP GLOG | Hot Stocks07:13 EST GasLog Partners director Robert Allardice resigns - GasLog Partners announced that Robert Allardice III has resigned from the Partnership's board of directors effective as of January 24, 2021 for personal reasons. In connection with Mr. Allardice's resignation from the Board and from his position as Chairman of the Audit Committee, Mr. Curt Anastasio, Chairman of the Board of GasLog Partners, was appointed interim Chairman of the Audit Committee. Following the resignation of Mr. Allardice, the Board will be temporarily reduced to four members from five. The Board is currently considering candidates for the fifth board seat.
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AXP | Hot Stocks07:11 EST American Express reports Q4 Global Merchant, Network Services net income $208M - The company said, "Global Merchant and Network Services reported fourth-quarter net income of $208 million, compared with $474 million a year ago. Total revenues net of interest expense were $1.2 billion, down 21 percent from $1.6 billion a year ago. The decrease reflected declines in Card Member spending and the average discount rate compared to the prior year. Total expenses were $947 million, down 5 percent from $998 million a year ago, driven by lower network partner payments due to a decline in Card Member spending. Corporate and Other reported a fourth-quarter net loss of $426 million, compared with a net loss of $312 million a year ago."
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AXP | Hot Stocks07:10 EST American Express reports Q4 Global Commercial Services net income $538M - The company said, "Global Commercial Services reported fourth-quarter net income of $538 million, compared with $550 million a year ago. Total revenues net of interest expense were $2.7 billion, down 20 percent from $3.4 billion a year ago, primarily reflecting a decline in Card Member spending. Provisions for credit losses drove a $164 million benefit, primarily reflecting a portion of the previously mentioned reserve release and lower net write-offs. Total expenses were $2.2 billion, down 13 percent from $2.6 billion a year ago. The decrease primarily reflected lower client incentives and other customer engagement costs due to a decline in Card Member spending, partially offset by investments to rebuild growth momentum."
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AXP | Hot Stocks07:09 EST American Express reports Q4 Global Consumer Services Group net income $1.1B - The company said, "Global Consumer Services Group reported fourth-quarter net income of $1.1 billion, compared with $981 million a year ago. Total revenues net of interest expense were $5.5 billion, down 14 percent from $6.4 billion a year ago. The decrease primarily reflected declines in Card Member spending and net interest income compared to the prior year. Provisions for credit losses totaled $40 million, compared to $780 million a year ago. The decrease primarily reflected a portion of the previously mentioned reserve release and lower net write-offs. Total expenses were $4.0 billion, down 10 percent from $4.5 billion a year ago. The decrease primarily reflected lower customer engagement costs due to a decline in Card Member spending and lower usage of travel-related Card Member benefits, partially offset by investments to rebuild growth momentum."
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COWN | Hot Stocks07:09 EST Cowen Group appoints Jay Coleman as head of equity capital markets execution - Cowen announced that Jay Coleman has joined the Company's Investment Banking division as a Managing Director, Head of Equity Capital Markets Execution, leading efforts to coordinate and ensure flawless execution of complex transactions across the Company's capital markets platform. Mr. Coleman will be based in New York and report to Grant Miller, Head of Cowen's Capital Markets Group. Prior to joining Cowen, he spent two years at CommonBond, where he most recently served as the firm's Chief Business Officer.
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GRMN | Hot Stocks07:09 EST Garmin announces EASA approval for the GI 275 electronic flight instrument - Garmin International, a unit of Garmin is pleased to announce that the popular GI 275 electronic flight instrument has received European Union Aviation Safety Agency, EASA approval, allowing installation in over 1,000 single-engine and multi-engine aircraft models. Several variants of the GI 275 are available to meet the needs of business and general aviation aircraft. A powerful electronic flight instrument, the GI 275 is suitable as a direct replacement for a variety of legacy primary flight instruments in the cockpit such as the attitude indicator, attitude-direction indicator, course deviation indicator, horizontal situation indicator (HSI), multi-function display, and engine indication system. In addition, the GI 275 can also be installed as a standby attitude indicator when paired with large format electronic flight displays.
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VZ | Hot Stocks07:08 EST Verizon reports Business retail postpaid net additions 346K - Reports Q4 Total Wireless retail postpaid net additions of 703K and Total retail postpaid churn of 1.01%.
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RYTM | Hot Stocks07:07 EST Rhythm Pharmaceuticals reports positive data for setmelanotide in obesity - Rhythm Pharmaceuticals announced positive proof-of-concept data from multiple cohorts in its Phase 2 Basket Study evaluating setmelanotide in patients with severe obesity due to genetic variants in the melanocortin-4 receptor pathway, and provided an update on its genetic sequencing efforts. The company also discussed plans to initiate a potentially registration-enabling Phase 3 trial evaluating setmelanotide in patients with MC4R pathway deficiencies due to a variant in one of the two alleles in the POMC, PCSK1, or LEPR genes, as well as the SRC1 and SH2B1 genes. Additionally, Rhythm provided an update on its sequencing efforts, now comprised of samples from approximately 37,500 individuals with severe obesity, and detailed an additional planned exploratory study to evaluate setmelanotide for the treatment of obesity due to a deficiency in one of 31 additional genes associated with the MC4R pathway. Rhythm estimates that there are between 100,000 and 200,000 people with HET obesity or SRC1 or SH2B1 deficiency obesity in the U.S. who could potentially benefit from setmelanotide therapy. Clinical data from Phase 2 Basket Study including five cohorts totaling 65 patients demonstrated proof-of-concept in HET POMC, PCSK1 or LEPR deficiencies, SRC1 and SH2B1 deficiency obesities. New data from pivotal Phase 3 trial in Bardet-Biedl syndrome showed statistically significant and clinically meaningful improvements in pediatric BMI-Z scores.
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XPO CTVA | Hot Stocks07:06 EST XPO Logistics, Corteva expand transportation partnership - XPO Logistics (XPO) has secured a new, multi-year contract with Corteva Agriscience (CTVA). XPO provides Corteva with truck brokerage and less-than-truckload services, among others. The contract extends XPO's existing support of Corteva's seed distribution network and expands the scope of services for crop protection products.
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CGC | Hot Stocks07:06 EST Canopy Growth launches new line Martha Stewart CBD for Pet - Canopy Growth announced the launch of Martha Stewart CBD for Pet - a new line of scientifically-backed CBD wellness solutions for canines developed by Martha Stewart with her own beloved dogs in mind. The Martha Stewart CBD for Pet product portfolio includes oil drops and soft-baked chews in three gourmet flavor combinations and formulas - Wellness, Calm and Mobility - designed to support pet mental and physical well-being, reduce the effects of everyday stress, and maintain joint health and mobility by harnessing the power of CBD and other ingredients. The product packaging is inspired by Stewart's own Chow Chows and French Bulldogs.
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CME | Hot Stocks07:06 EST CME Group to launch Global Emissions Offset contract on March 1 - CME Group announced it will launch a Global Emissions Offset futures contract on March 1, pending all relevant regulatory reviews. The new contract, which will provide customers with a market-based solution to manage global emissions risk, was jointly developed with Xpansiv market CBL, a leader in spot energy and environmental markets.
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VZ | Hot Stocks07:06 EST Verizon reports Q4 Consumer retail postpaid net additions of 357K - Reports Q4 Consumer total retail postpaid churn of 0.96%, and retail postpaid phone churn of 0.76%. Reports Q4 Consumer Fios Internet net additions of 92,000, an increase from 35,000 Fios Internet net additions in Q4 of 2019.
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ELOX | Hot Stocks07:05 EST Eloxx Pharmaceuticals announces publication of manuscript on ELX-02 - Eloxx Pharmaceuticals announced that a scientific manuscript titled: "A Randomized, Double-Blind, Placebo-Controlled, Multiple Dose Escalation Study to Evaluate the Safety and Pharmacokinetics of ELX-02 in Healthy Subjects" was published in the Journal of Clinical Pharmacology in Drug Development. "We are very pleased that our scientific manuscript on the results of our Phase 1B multiple-ascending dose trial evaluating the safety and pharmacokinetics of ELX-02 in healthy volunteers has been published in the Journal of Clinical Pharmacology in Drug Development," said Dr. Matthew Goddeeris, PhD, Vice President of Research, Eloxx Pharmaceuticals. "There were no severe or serious adverse events reported in the trial, which is consistent with the favorable tolerability profile demonstrated across our preclinical and clinical datasets. These data support our current Phase 2 clinical trial for ELX-02 in cystic fibrosis patients with nonsense alleles, for whom there are few, if any, treatment options available. We look forward to reporting top line data in the first half of 2021."
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SSTK | Hot Stocks07:04 EST Shutterstock to acquire TurboSquid for $75M in cash - Shutterstock announced that it entered into a definitive agreement to acquire TurboSquid, positioning Shutterstock as the world's largest 3D marketplace. For over 20 years, TurboSquid has been a 3D industry leader, offering a unified 3D workflow, and operating a marketplace offering of more than one million 3D models, a 2D marketplace derived from 3D objects, and a digital asset management solution offered on a SaaS basis. Since its inception in 2000, TurboSquid has enabled the creation, optimization, publishing and monetization of 3D models, while accelerating time to market and reducing development hours via its proprietary technology. Consideration for the transaction consists of $75M of cash payable at closing. Expected to be immediately accretive to adjusted net income per diluted share and adjusted EBITDA. Transaction is targeted to close in early February, subject to customary closing conditions.
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SHGFF | Hot Stocks07:04 EST Skylight Health submits application for Nasdaq Capital Market uplisting - Skylight Health Group has submitted its formal application to list the Company's common stock in the US on the NASDAQ Capital Market. Acceptance for listing Company shares is subject to approval, in part, based on the Company's ability to meet minimum listing requirements for the NASDAQ Capital Market. While the Company intends to satisfy all the applicable listing criteria, no assurance can be given that its application will be approved. A trading date will be made public once all regulatory requirements are satisfied. The Company's common stock will continue to trade in Canada on the TSX Venture Exchange under its current symbol SHG; and until NASDAQ listing, in the U.S. and on the OTCQX under its current symbol, SHGFF.
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REGN | Hot Stocks07:03 EST Regeneron reports 'positive' results from Phase 3 trial evaluating REGEN-COV - Regeneron announced positive initial results from an ongoing Phase 3 clinical trial evaluating REGEN-COV used as a passive vaccine for the prevention of COVID-19 in people at high risk of infection (due to household exposure to a COVID-19 patient). The trial is being run jointly with the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health. An exploratory analysis was conducted on the first approximately 400 evaluable individuals enrolled in the trial, who were randomized to receive passive vaccination with REGEN-COV (1,200 mg via subcutaneous injections) or placebo. Results included: Passive vaccination with REGEN-COV resulted in 100% prevention of symptomatic infection (8/223 placebo vs. 0/186 REGEN-COV), and approximately 50% lower overall rates of infection (symptomatic and asymptomatic) (23/223 placebo vs. 10/186 REGEN-COV). The lower number of infections occurring with REGEN-COV therapy were all asymptomatic, with decreased peak virus levels and short duration of viral shedding. Infections occurring in the placebo group had, on average, more than 100-fold higher peak viral load. Infections in the REGEN-COV group lasted no more than 1 week, while approximately 40% of infections in the placebo group lasted 3-4 weeks. No infected individuals in the REGEN-COV group had high viral loads (greater than10^4 copies/mL) compared to 62% of the infected placebo group (13/21 placebo vs. 0/9 REGEN-COV).REGEN-COV was associated with lower disease burden: Fewer total viral shedding weeks (44 weeks placebo vs. 9 weeks REGEN-COV). Fewer total high viral shedding weeks (greater than10^4 copies/mL) (22 weeks placebo vs. 0 weeks REGEN-COV). Fewer total symptomatic weeks (18 weeks placebo vs. 0 weeks REGEN-COV). "These data using REGEN-COV as a passive vaccine suggest that it may both reduce transmission of the virus as well as reduce viral and disease burden in those who still get infected," said George D. Yancopoulos, M.D., Ph.D., President and Chief Scientific Officer at Regeneron. "Even with the emerging availability of active vaccines, we continue to see hundreds of thousands of people infected daily, actively spreading the virus to their close contacts. The REGEN-COV antibody cocktail may be able to help break this chain by providing immediate passive immunity to those at high risk of infection, in contrast to active vaccines which take weeks to provide protection. There are also many individuals who unfortunately may be immunocompromised and not respond well to an active vaccine or are otherwise unable to be vaccinated, and REGEN-COV has the potential to be an important option for these individuals. Overall, the REGEN-COV development program has demonstrated definitive anti-viral activity and the collective data strongly suggest it can be effective both as a therapeutic and as a passive vaccine."
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AZRX | Hot Stocks07:03 EST AzurRx BioPharma adds two sites in Europe for Phase 2b study of MS1819 - AzurRx BioPharma announced the activation of two additional clinical trial sites in Poland for the extension arm of the Phase 2b OPTION 2 study investigating immediate-release capsules of MS1819 for the treatment of exocrine pancreatic insufficiency in patients with cystic fibrosis. Additional sites were added in Europe to minimize any potential patient enrollment delays during the ongoing COVID-19 pandemic. The two sites in Poland, as well as the active clinical trial sites in the U.S., are actively enrolling patients, and the company anticipates reporting topline data during Q1. OPTION 2 is a Phase 2b, open-label, multi-center, crossover clinical trial designed to investigate the safety, tolerability, and efficacy of MS1819 in a head-to-head comparison against the current standard of care, porcine pancreatic enzyme replacement therapy pills. The primary efficacy endpoint is the coefficient of fat absorption. The first participants in the expansion arm were recently dosed and will be treated for a two-week period.
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PLUG | Hot Stocks07:03 EST Plug Power exceeds 2020 gross billing targets - Plug Power has exceeded its 2020 gross billings target and is raising 2021 estimates to $475M, up from $450M. Additionally, the Company is increasing the 2024 gross billings target by more than 40% to $1.7B.
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VAC | Hot Stocks07:02 EST Marriott Vacations to acquire Welk Resorts for $430M - Marriott Vacations Worldwide, or MVW, announced that it has entered into a definitive agreement to acquire Welk Resorts, one of the largest independent timeshare companies in North America, for approximately $430M, including approximately 1.4M MVW common shares. The acquisition is expected to close early in the Q2. Welk opened its first vacation ownership resort in 1984 and today operates a portfolio of eight upper upscale vacation ownership resorts located primarily in highly sought-after West Coast U.S. vacation markets
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MYOV PFE | Hot Stocks06:56 EST Myovant Sciences, Pfizer report 'positive' results from Phase 3 SPIRIT study - Myovant Sciences (MYOV) and Pfizer (PFE) announced that the Phase 3 SPIRIT long-term extension study of the investigational once-daily relugolix combination therapy (relugolix 40 mg plus estradiol 1.0 mg and norethindrone acetate 0.5 mg) in women with endometriosis reported clinically meaningful reductions in dysmenorrhea (menstrual pain) and non-menstrual pelvic pain over one year with minimal and stable bone mineral density loss. The data are consistent with the efficacy and safety profile observed through 24 weeks in the Phase 3 SPIRIT 1 and SPIRIT 2 studies. These results will be included in the New Drug Application to the U.S. FDA for relugolix combination tablet for the treatment of women with endometriosis, anticipated to be submitted in the first half of 2021.
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SCOR | Hot Stocks06:55 EST Comscore announces partnership agreement with Strong Automotive Merchandising - Comscore announced that full-service automotive advertising agency Strong Automotive Merchandising will be using its census-representative TV measurement at the local level. The new agreement includes Comscore's automotive advanced audiences.
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LLY | Hot Stocks06:54 EST Eli Lilly announces BLAZE-1 trial meets primary endpoint - Bamlanivimab 2800 mg and etesevimab 2800 mg together significantly reduced COVID-19-related hospitalizations and deaths in high-risk patients recently diagnosed with COVID-19, meeting the primary endpoint of the Phase 3 BLAZE-1 trial, Eli Lilly announced. Across 1,035 patients, there were 11 events in patients taking therapy and 36 events in patients taking placebo, representing a 70% risk reduction. There were 10 deaths total, all of which occurred in patients taking placebo, and no deaths in patients taking bamlanivimab and etesevimab together. Bamlanivimab and etesevimab together also demonstrated statistically significant improvements on all key secondary endpoints, providing strong evidence that the therapy reduced viral load and accelerated symptom resolution. In the trial, the safety profile of bamlanivimab and etesevimab together was consistent with observations from other Phase 1, Phase 2 and Phase 3 trials evaluating these antibodies. Serious adverse events were reported at a similar frequency in the bamlanivimab and etesevimab together and placebo groups. Across multiple clinical trials, Lilly has collected safety and efficacy data in more than 4,000 participants treated with Lilly's neutralizing antibodies, either bamlanivimab alone or bamlanivimab and etesevimab together.
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ROK | Hot Stocks06:51 EST Rockwell Automation names Scott Genereux as chief revenue officer - Rockwell Automation announced two key additions to its executive leadership team, naming Scott Genereux senior vice president and chief revenue officer and Brian Shepherd senior vice president, Software and Control, effective Feb. 1. Genereux and Shepherd will report to Chairman and CEO Blake Moret. Genereux joins Rockwell with more than two decades of sales and management leadership experience. Most recently, he served as executive vice president for Worldwide Field Operations and chief revenue officer for Veritas Technologies.
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GMAB JNJ | Hot Stocks06:49 EST Genmab reports $4.109B in worldwide net trade sales of Darzalex in 2020 - Genmab (GMAB) announced that worldwide net trade sales of DARZALEX including sales of the subcutaneous formulation, as reported by Johnson & Johnson (JNJ) were $4.190B in 2020. Net trade sales were $2.232M in the U.S. and $1.958B in the rest of the world. Genmab receives royalties on the worldwide net sales of DARZALEX and DARZALEX FASPRO under the exclusive worldwide license to Janssen Biotech, Inc. to develop, manufacture and commercialize daratumumab.
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MRK | Hot Stocks06:48 EST Merck: EC approves KEYTRUDA for treatment of MSI-H, dMMR colorectal cancer - Merck announced that the European Commission has approved KEYTRUDA, Merck's anti-PD-1 therapy, as a monotherapy for the first-line treatment of adult patients with metastatic microsatellite instability-high or mismatch repair deficient colorectal cancer. This approval is based on results from the pivotal Phase 3 KEYNOTE-177 trial, in which KEYTRUDA monotherapy significantly reduced the risk of disease progression or death by 40% compared with chemotherapy. In the trial, treatment with KEYTRUDA also more than doubled median progression-free survival compared with chemotherapy. There was a lower incidence of Grade greater than or equal to3 treatment-related adverse events with KEYTRUDA compared with chemotherapy, and no new toxicities were observed. This approval marks the first gastrointestinal indication for KEYTRUDA in Europe and makes KEYTRUDA the first anti-PD-1/L1 therapy approved in Europe for these patients.
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SNV | Hot Stocks06:44 EST Synovus reports Q4 net interest margin 3.12%, up 2 bps vs. Q3
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SNV | Hot Stocks06:42 EST Synovus says Kevin Blair will become CEO in April - In December, a CEO transition plan was announced, and Kevin Blair was named to the Board. In April 2021, Chairman and CEO Kessel Stelling will move into the role of Executive Chairman and Kevin Blair will become CEO.
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UBS | Hot Stocks06:40 EST UBS to launch new 3-year buyback program of up to CHF 4B
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UBS | Hot Stocks06:40 EST UBS to resume repurchasing shares shortly after Q4 results
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UBS | Hot Stocks06:39 EST UBS 'met or exceeded' all growth, returns targets, CEO says
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WD | Hot Stocks06:39 EST Walker & Dunlop structures $43M in financing for Miami development - Walker & Dunlop announced that it structured $43M in acquisition and construction financing for JDS Development Group's 1 Southside Park, a full city-block development in Miami, Florida. The project, which features protected views to the South, will rise 64 stories and deliver 1,175 residential rental units. Once complete, the assemblage will also include 190,000 square feet of office space, a 200-key boutique hotel, 10,000 square feet of retail space, and 1,400 parking spaces. Located near the Miami-Dade Metrorail's Brickell station, 1 Southside Park is central to The Underline, which was completed in the fall of 2020.
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BEDU | Hot Stocks06:39 EST Bright Scholar signs contract to operate K-12 school in Yiwu City - Bright Scholar entered into agreements with Yiwu City Government to operate a K-12 school in Yiwu City, Zhejiang Province. The Yiwu Bright Scholar School will provide bilingual education for kids from grade 1 to 12 with a total capacity about 3,300.
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UBS | Hot Stocks06:39 EST UBS intends to repurchase up to $1.1B of shares in Q1
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BW | Hot Stocks06:37 EST Babcock & Wilcox announces two new contracts totaling $10M - Babcock & Wilcox announced that its strategic growth and expansion initiatives in Asia and the Middle East have continued to accelerate, resulting in two new contracts totaling $10M for its B&W Environmental business segment. Each contract calls for B&W Environmental to design and supply SPIG S.p.A. cooling technologies for industrial projects in Asia and the Middle East. The cooling systems include fiberglass reinforced plastic cooling towers, cooling cells and other technologies designed to increase cooling efficiency, reduce environmental impact and improve safe operation under extreme weather conditions.
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MNSO | Hot Stocks06:36 EST Miniso partners with Bilibili on two co-branded collections in China - Miniso has teamed up with Chinese video-sharing website Bilibili to launch two special product collections on January based on two of the platform's IP, the Bili Girls and Bilibili TV. These two collections follow the two parties' previous collaboration on the Chinese animation "Heaven Official's Blessing". Miniso has integrated the Bili Girls and Bilibili TV to the products and packaging of the collection, which includes digital appliances, seasonal products, beauty tools, premium bags, and more. The Bili Girls have been incorporated into a variety of daily items such as earphone cases, masks, eye masks, hats, and shopping bags, while Bilibili TV has been applied to a series of practical products.
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MYO | Hot Stocks06:35 EST Myomo and Beijing Ryzur form a joint venture - Myomo announces the signing of a definitive agreement with Beijing Ryzur Medical Investment to form a joint venture to manufacture and sell the Company's current and future products in greater China, including Hong Kong, Macau and Taiwan. Majority ownership in the JV, to be named Jiangxi Myomo Medical Assistive Appliance, will be held by Ryzur Medical, a successful and growing medical device manufacturer based in Beijing, and Chinaleaf Capital Management. Myomo will own a minimum 19.9% stake in the JV. Ryzur Medical and its partners have committed to invest a minimum of $8.0M and up to $20M in the JV over five years, and when established, the JV intends to enter into a 10-year agreement to license Myomo's intellectual property and purchase MyoPro Control System units, a core component containing the product's firmware and software, from the Company. Under the License Agreement, Myomo would be entitled to receive an upfront license fee of $2.5M, and the JV would enter into an escalating purchase commitment for a minimum of $10.75M in MyoPro Control System Units during the next 10 years, subject to receipt of regulatory approvals necessary to permit sales of the product in the greater China territory. Payment of the license fee and transfer of technology requires the completion of certain milestones by the parties to the JV, which are expected to be completed before the end of 2021. With a population of approximately 1.4 billion, China represents the largest market for MyoPro's powered arm braces. There are an estimated 14 million people in China with chronic arm paralysis due to stroke, spinal cord injuries and other neurological causes, and with approximately 2.5 million strokes in China each year, hundreds of thousands of people will be left permanently disabled. Many of these are candidates for the Company's powered arm braces.
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SRG | Hot Stocks06:35 EST Seritage Growth Properties collected 91% of rental revenue in Q4 - Q4 2020 business update: Collected 91% of rental revenue and agreed to defer an additional 5%; Generated $144.9M of gross proceeds through monetization activity; and, As of December 31, 2020, the company had cash on hand of $161.2M, including $6.5M of restricted cash and after taking into account one transaction which closed on December 31, 2020 but funded on January 4, 2021.
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SRG | Hot Stocks06:34 EST Seritage Growth Properties says 'actively evaluating' several CEO candidates - As the company previously disclosed on December 10, 2020, Benjamin Schall, the CEO, President and Trustee of Seritage Growth Properties, notified the company of his resignation from the company and the Board of Trustees to pursue another opportunity. Schall's departure date was January 22. The Board of Trustees remains focused on its search for a CEO candidate to succeed Schall. The Board of Trustees has engaged a national search firm to assist in the search process and is actively evaluating several internal and external candidates. The Board of Trustees expects to announce the company's new CEO in the coming weeks. There is and there can be no assurance about the timing and certainty of any such appointment and announcement by the company. In the interim, the day-to-day operations of the company continue to be overseen by members of existing senior management, who are reporting directly to the Board of Trustees.
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DHI | Hot Stocks06:34 EST D.R. Horton sees FY21 homes closed 80,000-82,000 homes - Sees income tax rate of 23.0% to 23.5% for each of the remaining quarters of fiscal 2021.
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DHI | Hot Stocks06:32 EST D.R. Horton reports ROE of 24.4% for trailing 12 months ended December 31
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GE | Hot Stocks06:24 EST General Electric sees FY21 Industrial revenues up organically in LSDs - Sees Adjusted GE Industrial profit margin to expand organically by 250-plus basis points. GE's 2021 outlook reflects a reduction in cash and profit from businesses that were disposed in 2020 as well as continued reduction of Baker Hughes shareholder dividends in line with the orderly sale of GE's remaining stake.
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GE | Hot Stocks06:23 EST General Electric sees FY21 Industrial free cash flow $2.5B-$4.5B
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GE | Hot Stocks06:23 EST GE: Significantly improved profitability, cash performance as 2020 progressed - GE Chairman and CEO H. Lawrence Culp, Jr. said, "As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment. The fourth quarter marked a strong free cash flow finish to a challenging year, reflecting the results of better operations as well as strong and improving orders in Power and Renewable Energy."
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GE | Hot Stocks06:22 EST General Electric reports Q4 adjusted Industrial profit margin of 6.4%
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TSLA... | Hot Stocks06:13 EST Elon Musk says Tesla 'has better AI hardware and software than Waymo' - Tesla (TSLA) CEO Elon Musk hit back at claims from Waymo (GOOGL) CEO John Krafcik that Tesla is not a viable competitor in the autonomous-vehicle market, saying via Twitter that "To my surprise, Tesla has better AI hardware & software than Waymo [money]." Reference Link
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AZN | Hot Stocks06:07 EST AstraZeneca's Symbicort Turbuhaler approved in China for mild asthma - The company states: "AstraZeneca's Symbicort Turbuhaler has been approved in China as an anti-inflammatory reliever to be taken as-needed in response to symptoms to achieve asthma control in patients with mild asthma aged 12 years and older. The approval by the National Medical Products Administration was based on positive results from the SYGMA 1 and SYGMA 2 Phase III trials, published in The New England Journal of Medicine, which evaluated the efficacy of Symbicort Turbuhaler taken as-needed as an anti-inflammatory reliever compared with standard of care therapies in mild asthma. SoC included short-acting beta2-agonist taken as-needed or regular maintenance controller therapy - twice-daily budesonide, an inhaled corticosteroid plus SABA taken as-needed. Symbicort Turbuhaler is the first dual-combination therapy approved in China as an anti-inflammatory reliever to treat mild asthma. It is already approved in China for patients with moderate to severe asthma as an anti-inflammatory reliever plus maintenance therapy, and as maintenance therapy only.
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PPBI | Hot Stocks06:07 EST Pacific Premier raises dividend 7% to 30c - On January 21, the Company's Board of Directors declared a 30c per share dividend, payable on February 12, to shareholders of record on February 5. This represents a 2c per share, or 7% increase, compared to the prior quarter's quarterly dividend rate.
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HCDI | Hot Stocks06:03 EST Harbor Custom Development to acquire 22 developed lots in Rocklin, CA - Harbor Custom Development announced that it has contracted to acquire 22 developed lots in Rocklin, California for $3,944,050. Located just over 21 miles from downtown Sacramento, the Rocklin subdivision will offer single family homes ranging in size from 2,300 to 2,800 square feet and priced from $700,000 to $850,000. Situated adjacent to Quarry Park, the adventure park provides home buyers access to a variety of outdoor recreational activities. Harbor Custom Homes anticipates commencing construction of the four and five bedroom homes in the second quarter.
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BEDU | Hot Stocks06:03 EST Bright Scholar reports 2021 admission results - Bright Scholar announced its latest result of top university admission for 2021 graduating class. As of January 25, approximately 62.66% of students in the 2021 graduating class of its international schools have received over 400 offers from global top 50 institutions with 6 conditional offers from University of Oxford, 6 from University of Cambridge, 2 unconditional offers from University of Chicago, 2 from Cornell University, 4 from New York University, and 1 from Northwestern University.
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TLRY | Hot Stocks06:02 EST Tilray selected by French ANSM to supply GMP-certified cannabis products - Tilray announced that it has been selected by the French National Agency for the Safety of Medicines and Health Products to supply Good Manufacturing Processes certified medical cannabis products for experimentation in France. Tilray will supply GMP-produced medical cannabis products to serve patients in need for the duration of the French experiment (18-24 months), due to begin in the first quarter. Tilray products will be administered to qualifying patients in the French experiment, for whom existing treatments do not provide sufficient relief from their symptoms, and for therapeutic indications. Tilray has received the necessary regulatory approvals to participate in the ANSM experimentation in France and will export medical cannabis products from its GMP-certified facility in Cantanhede, Portugal.
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BZUN ICLK | Hot Stocks05:50 EST Baozun, iClick Interactive announce equity investment and business cooperation - Baozun (BZUN) and iClick Interactive Asia (ICLK) jointly announced that Baozun has entered into certain agreements with iClick. Pursuant to the share subscription agreement entered into between Baozun and iClick, Baozun has subscribed for 649,349 newly issued Class B ordinary shares of iClick at an aggregate subscription price of approximately $17.2M, or $26.524 per Class B ordinary share. Holders of Class B ordinary shares of iClick are entitled to 20 votes per share. Concurrently with the issuance of the Issued Class B Shares by iClick,Wing Hong Sammy Hsieh and Jian Tang, the current beneficial owners of certain Class B ordinary shares of iClick, has converted 435,530 Class B ordinary shares into Class A ordinary shares. Upon closing of the transactions on January 26, 2021, the total issued and outstanding number of Class B ordinary shares of iClick was 5,034,427. In addition, Baozun entered into a share purchase agreement with an existing shareholder of iClick, pursuant to which Baozun purchased from such existing iClick shareholder 2,471,468 American depositary shares, or ADSs, at an aggregate purchase price of approximately $32.8M, or $13.26 per ADS, subject to customary settlement of the ADSs. Two ADSs represent one Class A ordinary share of iClick. Holders of Class A ordinary shares of iClick are entitled to one vote per share. Based on 41,103,073 Class A ordinary shares and 4,820,608 Class B ordinary shares of iClick outstanding as of January 25, 2021 and taking into account the Class B ordinary shares subscribed by Baozun, after the closing of the above transactions, Baozun beneficially owns approximately 4% of iClick's total outstanding shares, representing approximately 10% total voting equity of iClick. Baozun is subject to a 180-day lock-up period on the above shares subscribed from iClick or purchased from the existing shareholder. As part of the transactions, Baozun and iClick have entered into a strategic cooperation framework agreement, pursuant to which both parties will collaborate in developing a full-cycle, closed-loop e-commerce service model, covering areas such as system development, IT services, digital marketing, store operation, customer services and warehousing and fulfillment services to better serve potential brand partners. Under this strategic cooperation framework agreement, Baozun will provide online operation and infrastructure services to brand partners, including but not limited to performance-based advertising, online-store operation, customer services, warehousing and fulfillment and relevant back-end systems, while iClick will provide SaaS-based IT and system solutions for clients' e-commerce infrastructure establishment in the Tencent ecosystem, including but not limited to storefront setup, social CRM system, data management platform, marketing automation tool and any additional SaaS products as required. Both parties are expected to jointly develop a private domain traffic platform within Tencent's e-commerce ecosystem.
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BB BIDU | Hot Stocks05:45 EST BlackBerry, Baidu expand partnership for autonomous driving technology - BlackBerry (BB) announced an expansion of its strategic partnership with Baidu (BIDU), whose high-definition maps will run on the QNX Neutrino real-time operating system, or RTOS, and will be mass-produced in the forthcoming GAC New Energy Aion models from the EV arm of GAC Group. The milestones build on the company's January 2018 agreement to make BlackBerry QNX's ISO 26262 ASIL D certified operating system the foundation for Baidu's 'Apollo' autonomous driving open platform.
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LYB SHI | Hot Stocks05:42 EST LyondellBasell, Sinopec Shanghai sign agreement to form JV to produce PO and SM - LyondellBasell (LYB) and Sinopec (SHI) announced the signing of an agreement to form a 50:50 joint venture, or JV, which will produce propylene oxide, or PO, and styrene monomer, or SM, in China's domestic market. First announced on December 23, 2019, the JV will operate under the name Ningbo ZRCC LyondellBasell New Material. The JV will construct a new PO and SM unit in Zhenhai Ningbo, China. This new unit will have 275 kilotons per annum, or KTA, capacity of PO and 600 KTA capacity of SM. The unit will use LyondellBasell's PO / SM technology. Products produced by the JV will be marketed equally by both partners, expanding their respective participation in the Chinese market for PO and SM. Startup is expected at the end of 2021. The formation of the JV is subject to approvals by relevant government authorities, including antitrust review by the State Administration for Market Regulation. LyondellBasell expects to make its equity contribution to the JV during Q1 of 2021.
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ACIW | Hot Stocks05:38 EST ACI Worldwide selected by Federal Reserve Banks for FedNow Service pilot program - ACI Worldwide announced that it has been selected by the Federal Reserve Banks to participate in the pilot program for its upcoming FedNow Service, a new payments service. The program will support development, testing and adoption of the new service. The FedNow Pilot Program will enable thousands of financial institutions across the U.S. to provide secure real-time payment services to consumers and businesses. ACI Worldwide will help shape the FedNow Service's features and functions, provide input into the overall user experience, ensure readiness for testing and be the first to experience the FedNow Service before its general availability. In the initial advisory phase, participant input will help to further define the service and adoption roadmap, industry readiness approaches and overall real-time payments strategy.
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FINV | Hot Stocks05:36 EST FinVolution Group subsidiary receives CMS license from MAS - FinVolution Group announced that its subsidiary has received the Capital Markets Services, or CMS, license from the Monetary Authority of Singapore, or MAS, to conduct regulated activities in dealing in capital markets products in Singapore. FinVolution said itss mission to leverage technology to improve and make financial services more accessible to its users perfectly complements Singapore's vision to be a leading innovative fintech hub. Tiezheng Li, president and deputy chairman of FinVolution commented, "Our continued progress in the region cements our belief that ASEAN will be another fast-growing market for the company."
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ESLT GD | Hot Stocks05:31 EST Elbit Systems awarded $172M contract to supply light tanks to Asia Pacific Army - Elbit Systems (ESLT) announced that it was awarded a contract valued at approximately $172M to supply light tanks to the Army of a country in Asia-Pacific. The contract will be performed over a three-year period. As the prime contractor, Elbit Systems will supply the "Sabrah" light tank solution based on the tracked ASCOD platform that is manufactured by General Dynamics (GD) European Land Systems Santa Barbara from Spain, or GDELS, and on the wheeled Pandur II 8X8 platform manufactured by Excalibur Army from the Czech Republic. The 30-ton "Sabrah" light-tank solution provides a combination of fire capacity and maneuverability. Both platforms will be equipped with a 105mm turret and a range of the company's subsystems, including electro-optical sights, fire control systems, TORCH-X battle management systems, E-LynX software defined radio systems and life support systems.
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VNE QCOM | Hot Stocks05:29 EST Veoneer, Qualcomm to collaborate on scalable ADAS/AD solutions - Veoneer (VNE) and Qualcomm (QCOM) have signed an agreement under which the companies will collaborate on the delivery of scalable advanced driver assistance systems, or ADAS, collaborative and autonomous driving, or AD, solutions. The parties' intended collaboration was first communicated on August 27, 2020. The platform will address the needs of the automotive ecosystem for scalable and upgradable solutions, which requires advanced and power-efficient compute, connectivity and cloud service capabilities across all vehicle tiers. The system integrates Veoneer's perception and driving policy software stack and Qualcomm Snapdragon Ride ADAS/AD scalable portfolio of System on a Chip, or SoC, and accelerators. Veoneer and Qualcomm have worked together for several months to create a roadmap of a scalable, open ADAS and autonomous driving system that will be able to address the entire automotive OEM market with an integrated software and SoC platform. Arriver is Veoneer's dedicated software unit for the development of the complete perception and drive policy software stack. Arriver is 100% owned by Veoneer but will operate under specific information handling protocols and reporting structures as part of its collaboration with Qualcomm. Arriver software is already functional on the Snapdragon Ride Platform, which will be available for automotive customers in coming months.
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AMZN | Hot Stocks05:22 EST Amazon to expand Boston Tech Hub, create over 3,000 jobs - Amazon announced plans to expand its Boston Tech Hub and create more than 3,000 new corporate and technology jobs over the next several years. The new roles will support teams across the company, including Alexa, Amazon Web Services, or AWS,, Amazon Robotics and Amazon Pharmacy. Over the last decade, Amazon has invested more than $6.2B in Massachusetts and created more than 20,000 jobs across customer fulfillment, retail, corporate and technology functions. The 3,000 jobs that Amazon plans to create in its Boston Tech Hub will include technology roles in software development, Artificial Intelligence and machine learning, along with non-tech corporate roles in product management, HR, finance and more. Amazon already employs more than 3,700 people in its Boston Tech Hub. To accommodate its growing teams in Boston, Amazon leased a new 17-story office tower located at One Boston Wharf Road in the 33-acre Boston Seaport project. Owned and developed by Boston-based development company WS Development, the 630,000 square foot location will include working space, innovation labs, and mixed-use common areas for Amazon employees. Set for completion in 2024, One Boston Wharf Road will also feature a community dog park, ground-floor retail space and a new performing arts center for Bostonians to enjoy with two live performance venues consisting of a 500-seat theater and a 100-seat black box theater, which together will add capacity for the performing arts in Boston.
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NOK | Hot Stocks05:20 EST Nokia says C-Band portfolio to be available from Q1 to support 5G deployments - Nokia announced that its enhanced C-Band portfolio will be available from Q1 to support mobile operators' 5G network deployments, following the conclusion of the recent spectrum auction in the U.S. Nokia's C-Band portfolio, which covers both indoor and outdoor deployment needs, includes MIMO antenna solutions, hybrid antennas that combine both passive and active radio platforms into a single, modular unit, macro remote radio heads and small cell solutions to cover all connectivity and deployment requirements. C-Band spectrum, between 3.4 GHz and 4.2 GHz, is a resource for operators to offer the best mix of 5G network capacity and coverage to subscribers. In the U.S. 280 MHz of spectrum, between 3.7 GHz and 3.98 GHz, has been allocated of use by 5G services. Nokia's C-Band solution builds on its previous capabilities in readiness for rollouts across the U.S. by introducing a wide variety of network solutions that support both 5G non-standalone and standalone networks, classic to full cloud implementations, including support for Open RAN solutions. The U.S. Federal Communications Commission recently completed its C-Band spectrum auction, which received interest from mobile operators. The C-Band offers capacity scaling and connectivity supporting the increased demand for mobile network capacity. The auctioned spectrum will be cleared for use for 5G services during 2021 and 2022. It is anticipated that the rollout of C-Band networks will start in the coming months in the initial 100 MHz, with the remaining 180 MHz expected to be cleared and released the year after. Last year, Nokia was the first vendor to complete a 5G trial in C-Band spectrum in the U.S. using its commercial 5G AirScale portfolio.
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IBM | Hot Stocks05:16 EST IBM, Luminor Bank announce new five-year agreement - Luminor Bank and IBM announced a new five year agreement was signed in December under which IBM Services will support Luminor to help accelerate its digital transformation while continuously strengthening security and regulatory compliance processes by migrating its IT infrastructure to IBM Cloud for Financial Services. With IBM, Luminor aims to accelerate its adoption of next-generation technology and digital-driven solutions in a hybrid cloud environment to help deliver better outcomes across business processes, enable faster application deployments and bring agility with enhanced security and resilience. Luminor is the third largest bank in the Baltic region and Estonia, established in 2017 through the merger of Nordea's and DNB's operations in the Baltics. The bank has entered the next stage of its transformation following the migration of its customers to a new common banking platform that is independent of former parent banks. The next phase of growth for Luminor is aimed to increase focus on customer-satisfaction, digital transformation and growth, while continuously strengthening security and regulatory processes required of the industry. Luminor will create a new digital platform as the foundation for the bank's future growth and digital innovation development in an agile and compliance focused IT environment. The platform will run on IBM Cloud for Financial Services which includes the IBM Cloud Framework for Financial Services, a set of security and compliance control requirements that allow financial institutions to confidently host key applications and workloads. The platform also includes the same industry-leading confidential computing capabilities found in IBM Z, and 'Keep Your Own Key' encryption capabilities delivered via IBM Hyper Protect Services. This gives enterprises the ability to retain control of their own encryption keys so clients are the only ones who can control access to their data. As part of the agreement, IBM Global Business Services will provide Luminor with expertise and access to its Cloud, AI and Security. IBM Global Technology Services will manage Luminor's IT operations and help transform its core banking and integration platform supported by an AI driven delivery model.
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BLL | Hot Stocks05:12 EST Ball Corp.to begin construction on production facility in West of Czech Republic - Ball Corp. intends to begin construction of a new production facility at Pilsen Digital Park in the spring of 2021. The development, in the West of Czech Republic, would expand Ball's output in the region to meet the growing demand from consumers who want sustainable and recyclable beverage packaging. The EUR 170M facility plans to employ up to 200 people and launch operations in October 2022. The new factory, with two production lines, is planned to occupy a site of more than 100,000 square meters in the Pilsen Digital Park, enabling further expansion when required. Its construction is to be divided into two phases. The first would create around 150 new jobs and the second, raise the total to some 200 professional jobs in engineering and support roles.
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