Stockwinners Market Radar for March 01, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
SPNE | Hot Stocks20:51 EST SeaSpine sees 150-200bps of gross margin expansion in FY21 - CEO Keith Valentine says: "Our priorities for 2021 are very similar to those, which I believe we have executed on very well in the past. Namely, to timely and effectively develop and launch clinically relevant products, to increase the number of core distributors and their exclusivity to SeaSpine, to generate above-market revenue growth through more efficient utilization of our spinal implant sets, and to further expand our gross margins. To that end, we plan to launch more than a dozen products in 2021, the most impactful being the alpha launches of the line extension of Mariner with an adult deformity indication and four additional 3D printed interbody systems and the migration of the many alpha launches we delivered in 2020 to full commercial launch. We expect to exit 2021, generating more than 75% of our U.S. Spinal Implant revenue from new and recently launched systems and more than 65% our U.S. revenue from existing and new core distributors. And we expect to generate between 150 to 250 basis points of gross margin expansion from more efficient utilization of our spinal implant sets and inventory and by gaining additional operating efficiencies from our Irvine manufacturing facility." Comments taken from Q4 earnings conference call transcript.
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SATS | Hot Stocks20:02 EST EchoStar director buys 20K shares of common stock - In a regulatory filing, EchoStar disclosed that its Chief Strategy Officer Anders Johnson bought 20K shares of common stock on February 25th in a total transaction size of $469K, boosting his stake by 653%.
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DDD | Hot Stocks19:54 EST 3D Systems sees FY21 gross margin 40%-44% - The company "expects 2021 gross profit margins to be between 40% and 44%, taking into account businesses divested in 2020 and early 2021, as well as the impact of the company's cost savings initiatives."
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TMDX | Hot Stocks18:54 EST TransMedics announces scheduling of OCS Heart FDA AdCom meeting - TransMedics Group announced that the FDA's Office of Health Technology 2 has communicated its intent to hold a Circulatory Systems Device Advisory Panel meeting on April 6, 2021 to review TransMedics' premarket approval application for the OCS Heart System. "We are looking forward to this important milestone and to hopefully achieving a positive conclusion of the FDA's review process of our OCS Heart PMA application," said Waleed Hassanein, M.D., CEO.
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SAIL | Hot Stocks18:44 EST SailPoint CEO: We have a very strong position in the market - In an interview on CNBC's Mad Money, Mark McClain said transformation from legacy systems is driving business to the company. "We're trying to give customers a multi-layer level of security," McClain said.
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RC | Hot Stocks18:36 EST Ready Capital declares 30c per share prorated dividend - Ready Capital announced that its board of directors declared a prorated dividend of 30c per share of common stock and operating partnership unit. The Prorated Dividend is payable on March 18 to common stockholders and operating partnership unitholders of record as of the close of business on March 15. The Prorated Dividend was declared by the board of directors in accordance with the Agreement and Plan of Merger, dated as of December 6, 2020, by and among Ready Capital, RC Merger Subsidiary, LLC and Anworth Mortgage Asset Corporation relating to the previously announced merger of Ready Capital and Anworth.
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GENE | Hot Stocks18:25 EST Genetic Technologies trading halted, news pending
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TTEC | Hot Stocks18:11 EST TTEC Holdings raises semi-annual dividend by 7.5% to 43c per share - The dividend is payable on April 21, 2021 to shareholders of record as of April 5, 2021.
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SQ | Hot Stocks18:03 EST Square says Square Financial Services has begun operations - Square announced its industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the FDIC and the Utah Department of Financial Institutions. Square Financial Services is an independently governed subsidiary of Square. Headquartered in Salt Lake City, Utah, its primary purpose will be to offer business loan and deposit products, beginning with underwriting and originating business loans for Square Capital's existing lending product. Moving forward, Square Financial Services will be the primary provider of financing for Square sellers across the U.S. "Square Financial Services will continue to sell loans to third-party investors and limit balance sheet exposure. We do not expect the bank to have a material impact on Square's consolidated balance sheet, total net revenue, gross profit, or Adjusted EBITDA in 2021."
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GLD | Hot Stocks17:59 EST SPDR Gold Shares holdings fall from 1,093.53MT to 1,084.50MT - This is the 7th consecutive decrease and the lowest level of holdings since May 12th, 2020.
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MREO | Hot Stocks17:26 EST Point72 Asset Management reports 6.4% passive stake in Mereo BioPharma - Point72 Asset Management disclosed a 6.4% stake in Mereo BioPharma, which represents 6.9M shares. The filing does not allow for activism.
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ZM | Hot Stocks17:26 EST Zoom Video jumps 8% to $444.10 after Q4 results, FY22 guidance beat estimates
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LMT | Hot Stocks17:23 EST Lockheed Martin awarded $128.68M Navy contract - Lockheed Martin was awarded a $128.68M, cost-plus-fixed-fee contract to support the integration of the Trident II, or D5, Missile and Reentry Subsystems into the Common Missile Compartment, or CMC, for the U.S./United Kingdom Columbia/Dreadnought Submarine construction programs. Work is expected to be completed February 28, 2027. FY21 shipbuilding and conversion; and foreign funds - non Foreign Military Sales, in the amount of $120.92M will be obligated on this award. No funds will expire at the end of the current fiscal year. This contract is being awarded to the contractor on a sole-source basis under 10 U.S. Code 2304 and was previously synopsized on the System for Award Management website. The Strategic Systems Programs is the contracting activity.
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FIVN | Hot Stocks17:17 EST Five9 VP Leena Mansharamani sells over $1.2M in shares - Five9 VP Leena Mansharamani disclosed in a filing that she had sold 6,547 shares of stock at $183.73 per share on February 25, for a total transaction amount of $1,202,880.
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SLF | Hot Stocks17:16 EST Sun Life Financial names Manjit Singh as CFO - Sun Life is pleased to announce the appointment of Manjit Singh as Executive Vice-President and CFO, reporting to Kevin Strain, President and incoming CEO, Sun Life, effective March 29. With more than 25 years of finance, strategy, risk and treasury experience, Manjit has worked in financial services both in Canada and internationally. He joins Sun Life from a major Canadian bank where he was most recently Executive Vice-President of Finance. He will also be a member of the Executive Team.
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M | Hot Stocks17:03 EST Macy's eliminates COO role, appoints Laura Miller as Chief Information Officer - Macy's announced changes to its senior leadership team. Aligned with the company's recently updated Polaris growth strategy, these changes to increase agility and efficiencies include: John Harper, COO, will depart the company effective August 1. Subsequently, the role of COO will be eliminated. With the elimination of the COO role, Marc Mastronardi, Chief Stores Officer, and Dennis Mullahy, Chief Supply Chain Officer, will report to CEO Jeff Gennette. Laura Miller has been appointed Chief Information Officer, effective March 15. Most recently, she served as Chief Information Officer of InterContinental Hotel Group (IHG). Miller succeeds Chief Technology Officer Naveen Krishna, who is leaving the company. Marla Beck, Bluemercury's CEO and co-founder, will leave the company this summer. Macy's has commenced a search for a new CEO. Chuck DiGiovanna, currently VP, real estate, has been appointed to lead Macy's real estate function, succeeding Douglas Sesler, who is leaving the company.
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TCBK | Hot Stocks17:02 EST TriCo Bancshares announces buyback for up to 2M shares of common stock - TriCo Bancshares approved the authorization to repurchase up to 2M shares of the company's common stock, no par value per share which approximates 6.7% of the currently outstanding common shares. The company's 2021 share repurchase program will replace the current 2019 Share Repurchase Program which has been terminated.
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TCBK | Hot Stocks17:01 EST TriCo Bancshares raises quarterly dividend to 25c from 22c per share - The dividend is payable on March 26, 2021 to holders of record on March 12, 2021.
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GPC | Hot Stocks16:59 EST Genuine Parts appoints Napoleon Rutledge as chief accounting officer - Genuine Parts announced that its board of directors has appointed Napoleon Rutledge, senior VP of finance, to the additional role of chief accounting officer of the company. In his expanded role, Rutledge will be responsible for the company's corporate finance and accounting, including its regulatory accounting matters, financial reporting, financial planning and analysis and accounting policies. Rutledge has worked in a variety of financial management roles and has experience in corporate finance, treasury, risk management, audit and SEC reporting.
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ADVM | Hot Stocks16:47 EST Adverum Biotechnologies provides update on ADVM-022 clinical development path - Adverum Biotechnologies announced that it has gained alignment with the FDA on the clinical development path for ADVM-022, an investigational single, in-office intravitreal, or IVT, injection gene therapy for the treatment of wet age-related macular degeneration, or AMD. "Having clarity from U.S. regulators on our pivotal plans for ADVM-022 is a significant step forward in accelerating our mission to transform the lives of millions of patients around the world living with wet AMD and at risk of losing their vision," said Laurent Fischer, M.D., chief executive officer at Adverum Biotechnologies. "Based on the results in our OPTIC trial to date and our discussion with the FDA, we can now initiate two global Phase 3 trials and have alignment on both clinical development and CMC requirements to support a BLA submission anticipated in 2024. Our team is well prepared to execute this new fast-to-market approach. In preparation of our potential commercialization of ADVM-022 targeting the treatment of millions of patients worldwide, we are expanding our CMC capabilities and investing in an in-house GMP manufacturing facility. Our goal is to deliver a one-time, in-office treatment that preserves patient sight for life."
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ORA | Hot Stocks16:44 EST Ormat Technologies calls Hindenburg Research comments 'misleading' - The company states: "Ormat Technologies issued the following statement in response to a March 1, 2021 write up by Hindenburg Research LLC. Hindenburg is a self-proclaimed short seller who we believe stands, along with its clients, to realize significant gains in the event that Ormat's stock price declines. Hindenburg's claims are inaccurate and filled with innuendo in an attempt to mislead investors about Ormat. We have been providing clean renewable energy in Kenya, Honduras and Guatemala for many years, supporting local communities. Our facilities are financed by numerous leading multinational banks, which conduct extensive due diligence on the Company and its operations prior to entering into lending agreements. We are committed to conducting all of our business according to the highest ethical standards, and we have clear policies in place to ensure our people and our partners act accordingly and consistent with all applicable laws and regulations. The Company is aware of claims being investigated in Israel regarding Ravit Barniv, an Ormat Board member, and Hezi Kattan, the Company's General Counsel and Chief Compliance Officer. The claims involve Ms. Barniv's and Mr. Kattan's work at another company, prior to joining Ormat. Those claims remain subject to a governmental hearing that may take time to conclude and Ormat is monitoring the process closely." On February 24, 2021, the Company's Board of Directors determined that, at this time, it would be prudent to transfer the responsibility for the Company's compliance function to other members of the Ormat management team until these issues are resolved. In addition, Ms. Barniv told the Board of Directors that she believes that investor attention should be focused on Ormat's strong performance and future prospects. Accordingly, she has decided not to stand for reelection at the upcoming Annual Meeting expected in May.
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EPAY | Hot Stocks16:43 EST Bottomline Technologies Bottomline appoints Bruce Bowden CFO - Bottomline announced that Bruce Bowden has joined the company as Chief Financial Officer. Following a previously-announced transition, Bowden will assume full responsibilities of the role on March 12. Bowden joins Bottomline from Interactions, a recognized leader in artificial intelligence and the development of intelligent virtual assistants that combine AI and human understanding to improve how businesses and consumers communicate. As its Chief Financial Officer, Bowden increased operational efficiency to accelerate growth and implemented multiple projects to improve top- and bottom-line performance. Previously, Bowden led corporate development, strategic planning and investor relations at Nuance Communications. As Chief Transformation Officer he was instrumental in accelerating both organic growth and earnings per share. "Bruce brings an outstanding record of accomplishment and results within high-growth technology companies," said Rob Eberle, CEO, Bottomline. "I am confident he will play an important role
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UFPI | Hot Stocks16:37 EST UFP Industries unit UBEECO buys Australia's Gilmores - UFP Industries announced that one of its wholly owned subsidiaries, The UBEECO Group, has acquired the assets of J.C. Gilmore Pty Ltd. This transaction adds a wide portfolio of protective packaging to the industrial packaging products offered by UBEECO and its sister company, Integra Packaging, and expands the companies' customer base throughout Australia. Founded in 1988 and operating from its distribution facility in Port Melbourne, Australia, Gilmores is a leading distributor in the industrial and construction industries of packaging tapes, stretch films, packaging equipment, strapping, construction protection products and other items, with 2020 sales of $15 million AUD. Gilmores' leadership team, including founder Michael Gilmore and his brother, Mark Gilmore, will remain with the company. "Australia is an important growth market for UFP Global Holdings, and Gilmores' strong reputation provides a great entrance to a large consumable packaging market," said Dick McBride, executive vice president. "By joining forces, we create growth opportunities with both new and existing customers, as Gilmores provides a complementary line of protective packaging products that UBEECO will now make available to its customers. We also plan to expand Gilmores' footprint into New South Wales and Queensland, giving them greater service capacity." "We look forward to Gilmores and UBEECO collaborating to expand our geographic reach throughout Australia, as well as the capability to provide our customers new lines of timber products and export packaging such as pallets, skids and crates," said Michael Gilmore. "This combination will create great benefits for both our team and our customers."
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SP | Hot Stocks16:36 EST SP Plus selected to provide parking management, shuttle operations at STL - SP Plus announced its selection to provide parking management and shuttle operations at St. Louis Lambert International Airport, or STL, in Missouri. SP+ took over the airport's parking operations on March 1 for more than 9,000 available spaces within two parking garages and five surface lots at STL.
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SWCH | Hot Stocks16:36 EST Switch drops about 7% to $16.51 after reporting mixed Q4 results
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SGMS | Hot Stocks16:35 EST Scientific Games drops 5% to $48.00 after reporting Q4 results
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CORT | Hot Stocks16:34 EST Corcept Therapeutics announces Atabak Mokari as CFO - Corcept Therapeutics announced that Atabak Mokari has joined the company as Chief Financial Officer. Charles Robb, who has been Corcept's CFO since September 2011, has assumed the role of Chief Business Officer. "Atabak's talent and broad experience make him a welcome addition to our executive team," said Joseph K. Belanoff, MD, Corcept's Chief Executive Officer. "Further, his arrival will allow Charlie to focus on the significant administrative and operational tasks we will face in 2021 and beyond."
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NKE | Hot Stocks16:34 EST Nike head of North America, Ann Hebert, resigns - NIKE announced that Ann Hebert, Vice President and General Manager, North America geography, has departed from the company, effective today, March 1. Hebert leaves Nike after more than 25 years with the brand. Nike plans to announce a new head of its North American geography shortly.
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ROKU NLSN | Hot Stocks16:33 EST Roku to acquire Nielsen's video advertising business - Roku (ROKU) and Nielsen ( NLSN) announced a strategic alliance between the two companies that will help shape the future of media measurement and TV advertising in a streaming-first market. Roku has entered into an agreement to acquire Nielsen's Advanced Video Advertising business, which includes Nielsen's video automatic content recognition and dynamic ad insertion technologies. The acquisition "will accelerate Roku's launch of an end-to-end DAI solution with TV programmers. In addition, Nielsen and Roku will enter into a strategic partnership to integrate complementary Nielsen ad and content measurement products into the Roku platform and further advance Nielsen ONE, the company's cross-media measurement solution."
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PSN | Hot Stocks16:32 EST Parsons awarded $2B ceiling Air Force Base modernization contract - Parsons was awarded an indefinite-delivery, indefinite-quantity multiple award task order contract by the U.S. Air Force Civil Engineer Center for architecture engineering capabilities, including design, construction management, and the restoration and modernization of Air Force Bases worldwide. The potential 10-year contract has a five-year base period and an option for an additional five years, worth a shared value of $2B across awardees.
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BWXT | Hot Stocks16:32 EST BWX Technologies awarded $57.5M NNSA contract - BWX Technologies announced that its Nuclear Fuel Services, Inc. subsidiary has received a $57.5M contract from the National Nuclear Security Administration, or NNSA, to prepare for future highly enriched uranium conversion and purification services. Under this contract, NFS will provide a final design and pilot process demonstration using natural or depleted uranium to convert oxide to purified HEU metal. Because NNSA needs a bridging capability for conversion of oxide to purified HEU metal, NFS will design a process that could provide uranium purification and conversion services during the 'bridge' period until the Y-12 National Security Complex re-establishes a future oxide conversion capability.
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SHW | Hot Stocks16:31 EST Sherwin-Williams COO David Sewell resigns, effective March 12 - The Sherwin-Williams Company announced that David B. Sewell, President and COO, has notified the company of his decision to resign effective as of the close of business on March 12, to become CEO of another company outside of the coatings industry. Sewell's COO role will not be filled immediately. CEO Morikis will serve as President in addition to his current role and assume Sewell's primary duties and responsibilities.
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AXGN | Hot Stocks16:31 EST AxoGen promotes Peter Mariani to CFO - Axogen announced the promotion of Peter J. Mariani to Executive Vice President and Chief Financial Officer. Mr. Mariani has served as Axogen's Chief Financial Officer since 2016. During this time, he has played a key role in the execution of Axogen's strategy and in building the foundation for long-term growth, overseeing a number of initiatives that have strengthened the company's capital structure, improved management processes, and expanded the company's facilities and capabilities.
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INVH | Hot Stocks16:30 EST Invitation Homes names new Chief Investment Officer - Invitation Homes announced the promotion of John Gibson to executive vice president and chief investment officer, effective immediately. Mr. Gibson joined Invitation Homes in December 2016 as senior vice president, Asset Management. He was promoted to Executive Vice President, Portfolio Management, in March 2019. Prior to joining Invitation Homes, Mr. Gibson spent 21 years with Goldman Sachs and its subsidiary, Archon Group, with various positions in real estate asset management, strategy, and people management, operating from both domestic and international bases.
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DK | Hot Stocks16:27 EST Delek US names Todd O'Malley EVP and Chief Commercial Officer - Delek US Holdings announced the appointment of Todd O'Malley to EVP, Chief Commercial Officer effective March 1. Prior to joining Delek in 2021, O'Malley served as a special advisor to a number of private equity and public company CEO's and boards regarding corporate strategy, M&A/divestments, financial structuring, and commercial optimization.
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CMCO | Hot Stocks16:20 EST Columbus McKinnon acquires Dorner Manufacturing for $485less than - Columbus McKinnon announced that the Company has executed a definitive agreement to acquire Dorner Manufacturing Corporation, an automation solutions company providing unique, patented technologies in the design, application, manufacturing and integration of high-precision conveying systems, from global private markets firm EQT. The cash transaction valued at $485M is expected to close early in the company's first quarter of fiscal 2022, subject to typical closing conditions and regulatory requirements.
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EQC | Hot Stocks16:18 EST Equity Commonwealth CFO Adam Markman resigns - Equity Commonwealth announced certain executive management and board changes. Adam Markman, the company's Executive Vice President, CFO and Treasurer since July 2014, has resigned, effective March 31, 2021. Mr. Markman is leaving to pursue other professional opportunities. Bill Griffiths has been appointed Senior Vice President, Chief Financial Officer and Treasurer, effective April 1, 2021. Mr. Griffiths has served as Senior Vice President of Capital Markets for the Company since 2014. In addition, Edward Glickman, James Lozier, and Kenneth Shea, members of the Board of Trustees since taking over responsibility for the company in 2014, notified the company that they have chosen not to stand for re-election when their current terms expire at the next annual shareholder meeting, expected to be in June 2021.
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IBP | Hot Stocks16:17 EST Installed Building Products acquires I.W. International Insulation - Installed Building Products, announced the acquisition of I.W. International Insulation, Inc. doing business as Intermountain West Insulation. The company primarily provides insulation installation services to residential customers throughout Washington, Oregon, and Idaho. The acquisition adds approximately $34.4M of annual revenue.
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MRK | Hot Stocks16:15 EST Merck announces voluntary withdrawal for KEYTRUDA in SCLC - The company states: Merck announced the company is voluntarily withdrawing the U.S. indication for KEYTRUDA (pembrolizumab) for the treatment of patients with metastatic small cell lung cancer with disease progression on or after platinum-based chemotherapy and at least one other prior line of therapy. The withdrawal of this indication was done in consultation with the U.S. Food and Drug Administration, and Merck is working to complete this process over the coming weeks. This decision does not affect other indications for KEYTRUDA, Merck's anti-PD-1 therapy. This accelerated approval for KEYTRUDA was granted in June 2019 based on tumor response rate and durability of response data from KEYNOTE-158 and KEYNOTE-028. Continued approval for this indication was contingent upon completion of the post-marketing requirement establishing superiority of KEYTRUDA as determined by overall survival. As announced in Jan. 2020, KEYNOTE-604, the confirmatory Phase 3 trial for this indication, met one of its dual primary endpoints of progression-free survival but did not reach statistical significance for the other primary endpoint of OS. Merck's consultation with the FDA on this withdrawal is part of an industry-wide evaluation of indications based on accelerated approvals that have not yet met their post-marketing requirements. Merck is notifying health care professionals about this withdrawal. Patients being treated with KEYTRUDA for their metastatic SCLC should discuss their care with their health care provider."
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EQC | Hot Stocks16:14 EST Equity Commonwealth announces $150M share repurchase
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IPAR | Hot Stocks16:13 EST Inter Parfums reinstates 25c per share quarterly dividend - The company states : "In 2020, effective cost controls and cash management enabled us to minimize the impact of the sudden drop in sales resulting from the COVID-19 pandemic. One defensive measure undertaken by our Board of Directors was the suspension of the cash dividend. The strength of our financial position coupled with the favorable near and longer-term outlook of our business were among the reasons why our Board reinstated the payment of a cash dividend, payable quarterly, at the annual rate of $1.00 per share. The next regular quarterly cash dividend of $0.25 per share is payable on March 31, 2021 to shareholders of record on March 15, 2021."
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KR | Hot Stocks16:13 EST Kroger announces retirement of EVP and COO Mike Donnelly - Kroger announced the retirement of Mike Donnelly, executive vice president and COO, after more than 42 years of distinguished service, effective later this spring. A succession plan will be announced at a later date.
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RGNX | Hot Stocks16:11 EST Regenxbio expects cash to fund operations into second half of 2023 - Based on its current operating plan, Regenxbio expects its balance in cash, cash equivalents and marketable securities of $522.5M as of December 31, 2020, as well as the $230.3M of gross proceeds received from its public offering of common stock completed in January 2021, to fund its operations, including the completion of its internal manufacturing capabilities and clinical advancement of its product candidates, into the second half of 2023.
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POOL | Hot Stocks16:08 EST Pool Corp. CFO Joslin to retire, Melanie Housey to succeed - Pool Corporation announced that Mark W. Joslin will retire as Senior Vice President, Chief Financial Officer, CFO and Treasurer in 2021 after more than sixteen years of service with the company. The Board of Directors has appointed Melanie Housey Hart to be the company's next CFO. Mrs. Hart currently serves as the company's Vice President, Corporate Controller and Chief Accounting Officer. Mr. Joslin will continue in his role until later this year in order to ensure a successful transition.
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FGEN AZN | Hot Stocks16:06 EST FibroGen, AstraZeneca report FDA to hold AdCom meeting to review roxadustat NDA - FibroGen (FGEN) and its partner, AstraZeneca (AZN), announced that the Cardiovascular and Renal Drugs Advisory Committee of the FDA will hold an advisory committee, or AdCom, meeting to review the new drug application for roxadustat in the U.S. The companies have not received a confirmed AdCom meeting date from the FDA. "While disappointed with the news today, FibroGen and AstraZeneca are committed to working with the FDA to bring roxadustat to patients with anemia of CKD in the U.S. as soon as possible," said Enrique Conterno, CEO, FibroGen. "We continue to be confident in the efficacy and safety profile of this potential new medicine based on positive results from a global Phase 3 program encompassing more than 8,000 patients."
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ALRM CAMP | Hot Stocks16:05 EST Alarm.com extends security technology to vehicles - The company states: "Alarm.com (ALRM) is connecting your car and home through its integrated security platform to help people stay informed about their vehicle's status and unlock more home automation capabilities. Alarm.com Connected Car, developed in collaboration with vehicle telematics solutions pioneer CalAmp (CAMP), offers all the benefits of a vehicle monitoring solution plus the unique benefit of deep integration with the Alarm.com smart home security system. Vehicle insights, notifications and home automation features are all accessible through one interface - the Alarm.com mobile app. Compatible with most cars manufactured since 1996, the Connected Car device plugs into a vehicle's OBD-II port for easy self-installation, reducing the need for costly truck rolls to add the device. Connected Car uses a dedicated cellular connection and has a battery backup, so it communicates with the home system and end user, even when the vehicle's engine is off."
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INO | Hot Stocks16:05 EST Inovio reports REVEAL 1 trial met primary, secondary endpoints - Inovio announced it met primary and secondary endpoints among all evaluable subjects for the REVEAL 1 trial. This trial is one of two ongoing pivotal, randomized, double-blind, multi-center, placebo-controlled, Phase 3 trials evaluating the safety, tolerability and efficacy of VGX-3100 to treat HPV-16/18-associated cervical high-grade squamous intraepithelial lesions using the company's proprietary CELLECTR 5PSP device.
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JBT | Hot Stocks16:01 EST John Bean Technologies acquires Acquires AutoCoding Systems for $17M - JBT announced it acquired AutoCoding Systems Ltd., a leading provider of software solutions for the automated set-up and control of end-of-line packaging devices. AutoCoding extends JBT's capabilities in packaging line equipment and associated devices, including coding and label inspection and verification. The company is headquartered near Runcorn, U.K., with additional operations in the U.S. and Australia, and generates approximately $7M in annual revenue. The purchase price was approximately $17M, before customary post-closing adjustments. After transaction-related costs and purchase price accounting associated with the acquisition, the transaction is expected to negatively impact GAAP earnings per share by approximately 1c-2c in 2021.
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MIK | Hot Stocks15:49 EST Michaels jumps 10% after NY Times report of private equity interest
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DANOY | Hot Stocks15:39 EST Danone board supports separation of Chairman and CEO roles - Danone's board of directors confirms unanimous support for Emmanuel Faber, who proposes the separation of Chairman and CEO roles. Following a meeting on March 1, Danone's board of directors reviewed the company's corporate governance and decided, on a proposal from Emmanuel Faber, to separate the functions of Chairman and CEO in the near future. The separation will be effective upon the appointment of a new CEO. The process to recruit a new CEO has been launched and once complete, Emmanuel Faber will focus on his role as non-executive Chairman. In the meantime, Emmanuel Faber will continue as Chairman and CEO, "with the full confidence and unanimous support of the Board to exercise full operational responsibility for the company, and to lead the implementation of the adaptation plan Local First," the company announced.
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TWTR | Hot Stocks15:07 EST Twitter introducing 'strike system' to combat COVID-19 vaccine misinformation - Twitter Safety said in a blog post: "In December, we shared updates on our work to protect the public conversation surrounding COVID-19. Starting today, we will begin applying labels to Tweets that may contain misleading information about COVID-19 vaccines, in addition to our continued efforts to remove the most harmful COVID-19 misleading information from the service. Since introducing our COVID-19 guidance, we have removed more than 8,400 Tweets and challenged 11.5 million accounts worldwide. We are also introducing a strike system that determines when further enforcement action is necessary. We believe the strike system will help to educate the public on our policies and further reduce the spread of potentially harmful and misleading information on Twitter, particularly for repeated moderate and high-severity violations of our rules." Reference Link
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HOTH | Hot Stocks15:04 EST Hoth Therapeutics completes recruitment for Cohort 1 of BioLexa platform trial - Hoth Therapeutics announced it has completed recruitment of Cohort 1 for its upcoming first in human clinical trial of the proprietary BioLexa platform to treat atopic dermatitis, also known as eczema. "We believe there continues to be an unmet need for improved topical therapy for those patients suffering from mild to moderate eczema," stated Robb Knie, CEO of Hoth Therapeutics, "We are pleased with how quickly Cohort 1 of Part A of our clinical trial has reached full recruitment and we are hopeful to announce preliminary results from this trial later in the year. We are continuing our mission to bring patient focused therapies to the clinic and improve quality of life across multiple indications."
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FSR | Hot Stocks15:02 EST Fisker CEO tweets about passing 13,000 Ocean reservations 'fast!' - Henrik Fisker, Chairman and CEO of Fisker, tweeted "Passing 13,000 fast! Had to get this update out! Amazing. Thanks to all our reservation holders, I really appreciate you are willing to get in early and support us & the EV revolution" along with a chart on Fisker Ocean reservations. Reference Link
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DK... | Hot Stocks14:54 EST Delek US says will review letter received from CVR, 'respond in due course' - Delek US Holdings (DK) issued the following statement regarding the Section 220 books and records request letter sent by CVR Energy (CVI), a majority owned subsidiary of Icahn Enterprises L.P. (IEP):" Delek will review the Section 220 books and records request letter that we received from CVR this morning. CVR has launched its activism campaign and proxy fight to drive its agenda - which we believe is not in the best interests of Delek shareholders. Indeed, CVR's previous letter demanded that Delek take a number of actions that would benefit CVR, to the detriment of Delek and its shareholders. The successful execution of Delek's long-term strategy has clearly delivered value for our shareholders, demonstrated by a five-year total shareholder return of +92% in comparison to +28% for the average of our peers, including CVR, over the same period. We will review and respond to CVR's letter in due course."
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KODK | Hot Stocks14:28 EST Bluetree Group adopts Kodak SONORA X Process Free Plates - Bluetree Group, the U.K.'s largest online print supplier, has adopted KODAK SONORA X Process Free Plates across its entire fleet of Heidelberg Speedmaster presses. The move means an average of 40,000 plates each month are now imaged in a process-free production environment that "reduces costs, speeds pre-press, and strengthens Bluetree's commitment to sustainable manufacturing," Kodak said in a blog post. At the same time, Bluetree Group has installed a Nela automated plate punching/bending and transport system to streamline the path the SONORA X Process Free Plates take from the company's three platesetters to the presses. Reference Link
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JBHT | Hot Stocks14:04 EST J.B. Hunt Chairman James Thompson sold over $750K in company shares - J.B. Hunt Chairman James Thompson disclosed in a filing, that he had sold 5,000 shares of company stock at $150.87 per share on March 1, for a total transaction amount of $754,355.
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BOKF | Hot Stocks14:04 EST BOK Financial names Stacy Kymes as COO - BOK Financial announced it has named Stacy Kymes Chief Operating Officer with responsibility for all revenue-generating divisions. Kymes, who has been with the company for almost 25 years, previously served as executive vice president over all specialized banking areas, the company noted. In his new role, Kymes will assume leadership of the company's Regional and Commercial banking division; the Consumer banking division; and the Wealth Management division while maintaining his current responsibilities, BOK stated.
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GIK ZEV | Hot Stocks13:40 EST Lightning eMotors teases use of electric delivery vans by Amazon - Lightning eMotors sent out a tweet that reads "Package Status: Out for Delivery" with a photo of an Amazon (AMZN) Prime "100% electric" delivery truck in a possible teaser of a further announcement. As previously reported, Lightning eMotors and GigCapital3 (GIK), a special-purpose acquisition company or SPAC, announced that they have entered into a definitive agreement for a business combination. Upon closing of the business combination, the combined operating company will be named Lightning eMotors and will be listed on the New York Stock Exchange under the ticker symbol "ZEV." Reference Link
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AMZN ESGC | Hot Stocks13:09 EST Amazon Prime Video, Eros STX Global confirm Nordics output deal - Eros STX Global Corporation (ESGC) and Amazon Prime Video (AMZN) announced they have closed a multi-year first window output deal in the Nordics effective immediately. This deal expands on the existing multi-territory output partnership the two companies signed in the UK, France and Italy in 2020. SF Studios will continue to manage the theatrical release of the majority of STX films in the Nordics with Amazon Prime Video to distribute in the Pay 1 window across the region in Sweden, Denmark, Norway and Finland. As recently announced, SF Studios and STX extended their longstanding output deal, first signed in 2015.
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SRNE | Hot Stocks12:26 EST Sorrento, Scilex to acquire Aardvark Therapeutics' ARD-301 - Sorrento Therapeutics and Scilex Holdings Company, a majority owned subsidiary of Sorrento, have entered into an exclusive licensing term sheet with Aardvark Therapeutics to acquire Aardvark's proprietary formulation, Delayed Burst Release Low Dose Naltrexone, or ARD-301, for the treatment of chronic pain, fibromyalgia, and chronic post-COVID syndrome in multiple Phase 2 programs planned to be initiated this year. Following execution of the definitive agreement between the parties, Scilex plans to work with Aardvark to initiate a new Phase 2 trial this year for fibromyalgia, which Scilex believes will be an important milestone for treating physicians, and most importantly for the estimated 10 million U.S. adults suffering from this chronic, frequently debilitating central pain condition with limited treatment options. Approximately one-third of those diagnosed with fibromyalgia in the U.S. are reported to receive chronic prescription opioids, which is part of the opioid crisis, since opioids are not believed to be an effective solution for chronic central pain. ARD-301 is comprised of a non-opioid, non-addictive therapy option that has been shown to have activity for improving a broad array of fibromyalgia symptoms in prior clinical studies with LDN. Currently, there are only three FDA approved pharmacologic treatments for fibromyalgia, but they have demonstrated limited efficacy and burdensome side effects in many patients.
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IBKR | Hot Stocks12:26 EST Interactive Brokers reports February DARTs up 175% y/y - Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for February. Brokerage highlights for the month included: 3,695 thousand Daily Average Revenue Trades, 175% higher than prior year and 12% higher than prior month. Ending client equity of $329.9B, 94% higher than prior year and 5% higher than prior month. Ending client margin loan balances of $42.1B, 46% higher than prior year and 3% higher than prior month. Ending client credit balances of $85B, including $2.8B in insured bank deposit sweeps2, 43% higher than prior year and 3% higher than prior month. 1,265 thousand client accounts, 76% higher than prior year and 6% higher than prior month. 679 annualized average cleared DARTs per client account. Average commission per cleared Commissionable Order of $2.30 including exchange, clearing and regulatory fees.
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EPD | Hot Stocks12:13 EST EDF Renewables signs virtual power ppurchase agreement with Enterprise Products - EDF Renewables North America announced a power purchase agreement for the second tranche of the Space City Solar Project with an affiliate of Enterprise Products Partners L.P. for 100 MWac / 132 MWdc. The Project's total capacity is up to 345 MWac / 455 MWdc. Space City Solar, located in Wharton County, Texas, is expected to commence construction in Summer 2021 and begin delivery of clean electricity in Summer 2022. Approximately 300 jobs are expected to be created during the construction phase with more than $30 million generated in new tax revenue over the operating life for Wharton County taxing entities.
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JAMF | Hot Stocks12:02 EST Jamf acquires security, compliance solutions created by cmdSecurity - Jamf announced it has acquired the technical assets of cmdSecurity, which includes cmdReporter, a suite of security and compliance tools purpose-built for macOS. "With cmdReporter, Jamf will further extend the security capabilities of its expansive Apple Enterprise Management platform... Jamf will leverage cmdReporter functionality with Jamf Pro and Jamf Protect to expand Jamf's purpose-built, macOS security capabilities that include protecting enterprises and their people, processes and data. Details regarding availability of these capabilities through Jamf will be announced in the near future," the company said. Terms of the transaction were not disclosed.
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FAZ | Hot Stocks12:00 EST Direxion Financial Bear 3x falls -7.4% - Direxion Financial Bear 3x is down -7.4%, or -39c to $4.86.
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TZA | Hot Stocks12:00 EST Small Cap Bear 3x falls -9.0% - Small Cap Bear 3x is down -9.0%, or -42c to $4.26.
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CVEO | Hot Stocks12:00 EST Civeo falls -9.3% - Civeo is down -9.3%, or -$1.75 to $17.04.
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RYAM | Hot Stocks12:00 EST Rayonier Advanced Materials rises 18.8% - Rayonier Advanced Materials is up 18.8%, or $1.74 to $10.99.
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HCI | Hot Stocks12:00 EST HCI Group rises 30.0% - HCI Group is up 30.0%, or $17.35 to $75.22.
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SOS | Hot Stocks12:00 EST SOS Limited rises 38.4% - SOS Limited is up 38.4%, or $1.83 to $6.60.
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QDEL | Hot Stocks11:54 EST Quidel receives EUA for QuickVue At-Home COVID-19 Test - Quidel Corporation announced that it has received an Emergency Use Authorization from the U.S. Food and Drug Administration, allowing the company to market its new QuickVue At-Home COVID-19 Test for the qualitative detection of the nucleocapsid protein antigen from SARS-CoV-2. This test is authorized for prescription home use with self-collected anterior nares swab specimens directly from individuals aged 14 years and older who are suspected of COVID-19 by their healthcare provider within the first six days of the onset of symptoms. This test is also authorized for prescription home use with adult-collected anterior NS samples directly from individuals aged 8 years or older who are suspected of COVID-19 by their healthcare provider within the first six days of the onset of symptoms.
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LUMN ZM | Hot Stocks11:23 EST Lumen announces launch of Zoom Phone - Lumen (LUMN) has announced the launch of Zoom (ZM) Phone. In a blog post, the company said that, "In November 2020, the companies launched Zoom delivered by Lumen with Zoom Meetings capability. Today, we are launching our latest capability within Zoom delivered by Lumen: Zoom Phone. Zoom Phone is rich with features. It is a cloud phone system that allows coworkers to talk and interact in new ways, keeping businesses moving. Zoom Phone gives customers the ability to migrate on-premises calling systems to a more scalable and reliable cloud platform which also includes Zoom Meetings, Chat, Rooms and Webinar capabilities. Simply put, Zoom Phone is the perfect solution to make sure you can talk to your colleagues from Napa to Nairobi with the same ease."Reference Link
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BFI | Hot Stocks11:22 EST BurgerFi appoints Martha Stewart to board of directors - BurgerFi International has named Martha Stewart to its Board of Directors as Chair of the Product & Innovation Committee. Stewart is the Founder of the first-ever multi-channel lifestyle company, Martha Stewart Living Omnimedia, an entrepreneur, bestselling author of 98 to-date lifestyle and recipe books, and an Emmy award-winning and James Beard award-winning television show host.
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FB | Hot Stocks11:20 EST Instagram launches Live Rooms feature for Live with up to three people - In a blog post, the company said, "Today, we're introducing Live Rooms, giving you the ability to go Live on Instagram with up to three people. Previously, you could go live with only one other person in a stream, but we're now letting you "double up" on your live broadcast. We hope that doubling up on Live will open up more creative opportunities - start a talk show, host a jam session or co-create with other artists, host more engaging Q&As or tutorials with your following, or just hang out with more of your friends. Live Rooms also gives creators even more ways to build a business and earn money. We recently announced that Live viewers could purchase badges for their favorite creators to show their love. With Live Rooms, viewers can buy badges for the hosts and use other interactive features like Shopping and Live Fundraisers. We're also exploring more interactive tools such as offering moderator controls and audio features that will be available in the coming months." Reference Link
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PSX | Hot Stocks11:05 EST Phillips 66 appoints Mark Lashier as president, COO - Phillips 66 has named Mark Lashier, President and CEO of Chevron Phillips Chemical Company, as its President and COO effective April 1. Lashier has served as CPChem's CEO since 2017. He joined the global petrochemical joint venture, in which Phillips 66 owns a 50% interest, in 2000.
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EXC | Hot Stocks11:04 EST Exelon CSO William Von Hoene Jr. to depart - Exelon announced that William Von Hoene Jr., senior executive vice president and chief strategy officer, is leaving Exelon on March 31.
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MDT | Hot Stocks10:46 EST Medtronic recalls HVAD Pump Implant Kit over delayed, failed restart - Medtronic is recalling the HVAD Pump Implant Kit because the device may fail to initially start, restart, or have a delay in restarting after the pump was stopped, the FDA announced. These delays or failures to start or restart have occurred during preimplant testing, during the implant, or in a variety of post-implant situations, it added. If the device has delays or fails to start or restart, this could cause serious patient harm including a heart attack, worsening heart failure, the need for additional procedures and hospitalizations, or death, the agency said. There have been 29 complaints about this device issue, which include 19 serious injuries and eight cases of patients who had a life-threatening event but recovered without long term effects. The FDA has identified this as a Class I recall, the most serious type of recall. Reference Link
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MSTR | Hot Stocks10:44 EST MicroStrategy buys 328 additional bitcoins for $15M, now holds 90,859 - MicroStrategy announced that it purchased today approximately 328 bitcoins for $15M in cash, at an average price of approximately $45,710 per bitcoin, inclusive of fees and expenses. As of March 1, the company holds approximately 90,859 bitcoins that were acquired at an aggregate purchase price of $2.186B and an average purchase price of approximately $24,063 per bitcoin, inclusive of fees and expenses. Shares of MicroStrategy are up 6%, or $42.59, to $793.00 in morning trading.
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FDX MCK | Hot Stocks10:30 EST FedEx begins shipping newly approved Covid vaccine on behalf of McKesson - FedEx Express, a subsidiary of FedEx Corp. (FDX), announced that it has begun shipping the newly approved COVID-19 vaccine on behalf of McKesson Corp. (MCK) to dosing centers throughout the United States. The company has shipped millions of COVID-19 vaccines since U.S. distribution began in mid-December 2020 and is prepared to scale up to accommodate anticipated growth in vaccine volume throughout the spring and summer. Nearly three months after COVID-19 vaccine distribution began, FedEx has shipped COVID-19 vaccines and supply kits to administration sites across all 50 states, Puerto Rico, the U.S. Virgin Islands, and Washington, D.C. COVID-19 vaccine volume is split evenly with FedEx moving approximately half the doses allocated by the federal government. "As vaccine production ramps up and more vaccines are approved, we expect to see a significant uptick in COVID-19 vaccine and supply kit volume moving through our network," said Don Colleran, president and CEO for FedEx Express. "As manufacturers obtain approval to ship COVID-19 vaccines with greater temperature ranges and varying dosing allotments, we anticipate more of these packages moving to more places through our global network."
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ATXI | Hot Stocks10:28 EST Avenue Therapeutics reports PDUFA date of April 12, 2021 set for IV Tramadol - In a regulatory filing earlier, Avenue Therapeutics reported that on February 26, the company received an acknowledgement letter from the U.S. Food and Drug Administration that the company's resubmission of its New Drug Application for IV Tramadol, dated February 12, 2021, is a complete, class 1 response to the Complete Response Letter, or "CRL," dated October 9, 2020. A Prescription Drug User Fee Act goal date has been set for April 12, 2021. "The NDA for IV Tramadol was resubmitted following the receipt of official minutes of a Type A meeting with the FDA, which was conducted following a CRL issued by the FDA in October 2020. The resubmission package included revised language relating to the proposed product label and a report relating to terminal sterilization validation," Avenue stated.
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WKHS | Hot Stocks10:16 EST Workhorse Group has scheduled a face-to-face meeting with USPS on March 3 - Comments taken from Q4 earnings conference call.
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CLGX CSGP | Hot Stocks10:12 EST CoreLogic confirms receipt of revised proposal from CoStar - CoreLogic (CLGX) confirmed that it received a revised proposal from CoStar Group (CSGP) to acquire CoreLogic. Under the terms of the revised proposal, CoreLogic shareholders would receive $6.00 per share in cash and 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock. On February 4, CoreLogic's Board of Directors unanimously approved a definitive merger agreement under which funds managed by Stone Point Capital and Insight Partners agreed to acquire all outstanding shares of CoreLogic for $80 per share in cash. The merger agreement remains in full force and effect, and the Board of Directors of CoreLogic has not withdrawn or modified its recommendation that the stockholders of CoreLogic vote in favor of the approval of the merger, the merger agreement and the transactions contemplated thereby. CoreLogic's Board of Directors, consistent with its fiduciary duties and the terms of the merger agreement, will carefully review the proposal in consultation with its outside legal counsel and financial advisors. CoreLogic shareholders need take no action at this time. Evercore is serving as financial advisor to CoreLogic and Skadden, Arps, Slate, Meagher & Flom LLP is serving as the Company's legal advisor.
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EPAM CRM | Hot Stocks10:05 EST Epam Systems to acquire PolSource, terms not disclosed - EPAM Systems (EPAMO announced its agreement to acquire PolSource to scale EPAM's growing Salesforce (CRM) capabilities and expansion into new markets. The proposed acquisition is expected to close at the beginning of EPAM's fiscal second quarter, subject to required regulatory approvals and other customary closing conditions, at which time PolSource's senior leadership team and hundreds of Salesforce experts will join forces with EPAM Systems. PolSource is known as a global boutique Salesforce partner, specializing in consultancy services and delivering powerful digital transformation solutions.
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KZIA OASM | Hot Stocks10:03 EST Kazia Therapeutics licenses Cantrixil to Oasmia - Kazia Therapeutics Limited (KZIA) announced that it has entered into an exclusive worldwide license agreement with Oasmia Pharmaceutical AB (OASM) for Cantrixil, a clinical-stage, first-in-class drug candidate under development for the treatment of ovarian cancer. Oasmia will assume worldwide exclusive rights to develop and commercialize Cantrixil for all indications, with an initial focus on ovarian cancer Under the terms of the agreement, Oasmia will make an upfront payment of $4M to Kazia, with contingent milestone payments of up to $42M, and double-digit royalties on commercial sales. Oasmia expects to commence a Phase II study of Cantrixil in ovarian cancer in 2022.
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PRO ACN | Hot Stocks10:01 EST Pros Holdings names Katrina Klier Chief Marketing Officer - Pros Holdings (PROS) announced that Katrina Klier has joined the company as Chief Marketing Officer. Klier will be responsible for "aligning global marketing strategy and programs with corporate priorities." Prior to Pros, Klier served as global managing director and head of digital marketing, communications and capabilities at Accenture (ACN).
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UTMD | Hot Stocks10:01 EST Utah Medical Products terminates Shareholder Rights Agreement - Utah Medical Products announces that its Board of Directors, acting by unanimous written consent, terminated the company's Shareholder Rights Agreement, sometimes referred to as a "poison pill." The Rights Agreement with a ten year life was originally approved by a vote of all shareholders at the 1994 Annual Meeting, and then was extended in 2004 and again in 2014 by the board without a shareholder vote. The board elected to terminate the rights agreement in response to changing corporate governance practices and investor input.
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FAZ | Hot Stocks10:00 EST Direxion Financial Bear 3x falls -6.5% - Direxion Financial Bear 3x is down -6.5%, or -34c to $4.91.
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LABD | Hot Stocks10:00 EST Daily S&P Biotech Bear 3x Shares falls -7.6% - Daily S&P Biotech Bear 3x Shares is down -7.6%, or -$1.48 to $18.01.
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TZA | Hot Stocks10:00 EST Small Cap Bear 3x falls -7.9% - Small Cap Bear 3x is down -7.9%, or -37c to $4.31.
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RYAM | Hot Stocks10:00 EST Rayonier Advanced Materials rises 16.1% - Rayonier Advanced Materials is up 16.1%, or $1.49 to $10.74.
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HCI | Hot Stocks10:00 EST HCI Group rises 36.3% - HCI Group is up 36.3%, or $21.00 to $78.86.
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SOS | Hot Stocks10:00 EST SOS Limited rises 37.7% - SOS Limited is up 37.7%, or $1.80 to $6.57.
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MORF | Hot Stocks09:52 EST Morphic Holding Inc trading resumes
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MLCO... | Hot Stocks09:50 EST Macau reports February casino revenue up 135.6% to 7.31B patacas - Earlier, Macau's gaming bureau reported February gross revenue from games of fortune in the region increased 135.6% year-over-year to 7.31B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO).
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WIFI | Hot Stocks09:50 EST Boingo Wireless trading resumes
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MORF | Hot Stocks09:47 EST Morphic Holding Inc trading halted, volatility trading pause
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CYD | Hot Stocks09:47 EST China Yuchai falls -6.5% - China Yuchai is down -6.5%, or -$1.03 to $14.71.
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TZA | Hot Stocks09:47 EST Small Cap Bear 3x falls -6.7% - Small Cap Bear 3x is down -6.7%, or -32c to $4.37.
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FSR | Hot Stocks09:47 EST Fisker falls -9.3% - Fisker is down -9.3%, or -$2.66 to $25.84.
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NSH | Hot Stocks09:47 EST NavSight Holdings rises 14.3% - NavSight Holdings is up 14.3%, or $1.50 to $11.97.
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NRG | Hot Stocks09:47 EST NRG Energy rises 16.8% - NRG Energy is up 16.8%, or $6.14 to $42.65.
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SOS | Hot Stocks09:47 EST SOS Limited rises 23.7% - SOS Limited is up 23.7%, or $1.13 to $5.90.
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ITI REKR | Hot Stocks09:36 EST Iteris board unanimously rejects unsolicited proposal from Rekor Systems - Iteris (ITI) announced that its Board of Directors has reviewed and unanimously rejected the non-binding, unsolicited proposal disclosed today by Rekor Systems (REKR) to acquire Iteris for consideration consisting of approximately 17% cash and 83% Rekor shares at current stock prices. "After a careful and thorough review, conducted in consultation with our independent advisors, the Iteris Board unanimously concluded that the unsolicited proposal significantly undervalues the Company and is not in the best interests of our shareholders," said Tom Thomas, Chairman of the Board of Iteris. "The Board is always looking for ways to maximize value for our shareholders, but Rekor's proposal does not reflect Iteris' intrinsic value, including the significant long-term opportunities ahead of us."
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BTCS | Hot Stocks09:33 EST BTCS expands Ethereum 2.0 staking operation to 100 nodes - BTCS announced the expansion of its transaction verification services operation on ethereum 2.0 to 100 nodes. The company said, :BTCS is the first U.S. public company to run validator nodes on ethereum 2.0. We see this strategy as driving strong near-term revenue growth with the added benefit of being more profitable than traditional bitcoin mining while also enabling additional future revenue-generating services." To facilitate its transaction verification services operation BTCS has entered into a service agreement with Launchnodes, a leading provider of beacon and validator nodes for ethereum 2.0. As part of the agreement Launchnodes has agreed to not offer services to certain competitors
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NWVCF | Hot Stocks09:30 EST EnWave signs tech evalution, license option agreement with Sutas - EnWave Corporation announced today that it has signed a technology evaluation and license option agreement with Suta sut undefinedrunleriI. Suta will evaluate EnWave's proprietary Radiant Energy Vacuum dehydration technology for the dehydration of premium dairy snacks and ingredients. EnWave will install a 10kW REV machine at a site of Suta' choosing in Turkey for a period of up to six months for research and development purposes. The TELOA grants Suta the option to enter into a royalty-bearing commercial license to produce REV-dried commercial dairy products for both domestic and international sales. REV technology is currently being used commercially by more than a dozen dairy companies internationally. As part of the business transformation plan recently announced at NutraDried, Mr. Dan Henriques, EnWave's CFO, has been appointed as Chief Operating Officer of NutraDried to oversee the streamlining of operations. In recognition of this appointment, the Company has granted Mr. Henriques an aggregate of 142,000 incentive stock options, subject to the terms of the Company's Stock Option Plan , that are exercisable at the last closing price of the Company's common shares on the TSX Venture Exchange on February 26, 2021. The incentive stock options are exercisable for a term of five years expiring on February 26, 2026 and will vest in accordance to the provisions set out in the Plan, or as otherwise required by the TSXV. The Company also granted Mr. Henriques an aggregate of 25,000 Restricted Share Rights pursuant to the Company's Restricted Share Rights Plan. The RSRs granted will vest three years from the date of the award.
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BZLYF | Hot Stocks09:28 EST Beazley appoints Praesidium as prevention service provider - Beazley has named service provider Praesidium as its provider of enhanced risk management, prevention, and response services for Beazley Safeguard policyholders The Beazley Safeguard policy combines risk management and crisis response for primary insureds with effective insurance coverage to reduce the risk of sexual abuse occurring within organizations and to respond quickly and appropriately if an incident of third-party sexual abuse does occur.
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IMAC | Hot Stocks09:27 EST IMAC completes first cohort of Phase 1 study of mesenchymal stem cells - IMAC Holdings announces it has completed the first cohort of its Phase 1 clinical trial for its investigational compound utilizing umbilical cord-derived allogenic mesenchymal stem cells for the treatment of bradykinesia due to Parkinson's disease. The first cohort consists of five patients with bradykinesia due to Parkinson's disease receiving a low dose, intravenous infusion of the stem cell treatment. The cohort was completed on Friday, February 26, 2021. In accordance with the trial protocol, the Company will wait at least 30 days to demonstrate safety of the low dose before initiating the second cohort in which five patients will receive a medium intravenous dose.
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WSG | Hot Stocks09:26 EST Wanda Sports announces completion of tender offer - Wanda Sports Group Company announced the completion of the subsequent offering period of the tender offer, launched by Wanda Sports & Media Holding Co. Limited on December 23, 2020, to acquire all of the issued and outstanding class A ordinary shares of the Company, with no par value, including all Class A Ordinary Shares represented by American depositary shares of the Company. The Subsequent Offering Period, which commenced on February 1, 2021, expired as scheduled at 5:00 p.m., New York City Time, on February 26, 2021. According to the tender agent for the Offer, at the end of the Subsequent Offering Period, a total of 38,358,038 Class A Ordinary Shares had been validly tendered pursuant to the Offer, representing approximately 77% of the outstanding Class A Ordinary Shares, excluding 8,215,616 ADSs held by certain associates of Purchaser that are subject to a Standstill Agreement. The foregoing include a total of 18,678,348 ADSs tendered, representing approximately 94% of the outstanding ADSs, excluding the ADSs held by the associates of Purchaser. All tendered Class A Ordinary Shares and ADSs have been accepted in accordance with the Offer. The Company notes that Purchaser has indicated that it is considering options to reduce the number of holders of Class A Ordinary Shares to below 300 such that the Company can deregister the Class A Ordinary Shares under the Securities Exchange Act of 1934. Until such time, the Company will continue to be subject to reporting obligations under that Act.
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ADN | Hot Stocks09:22 EST Advent Technologies in pact with DOE 'for next-generation' fuel cell technology - Advent Technologies announced that it has signed a joint development agreement with the US Department of Energy'sLos Alamos National Laboratory Brookhaven National Laboratory and the National Renewable Energy Laboratory. Under this CRADA, along with support from the DOE's Hydrogen and Fuel Cell Technologies Office, Advent's team of scientists will work closely with its LANL, BNL, and NREL counterparts over the coming years in order to develop breakthrough materials that will help strengthen US manufacturing in the fuel cells sector and bring high-temperature proton exchange membrane fuel cells to the market. This project will also contribute to the acceleration of energy and transportation technologies that will enable a clean, zero-emissions energy future. The aim of HT-PEM fuel cells is to fulfill the promise of "Any Fuel. Anywhere." They can allow ships to run on renewable methanol or ammonia, airplanes to run on dimethyl ether or hydrogen, and off-grid power generators to work with any green fuel that is easily transportable to remote locations. The ability to use any hydrogen-carrying fuel, in addition to pure hydrogen, is a major breakthrough in reducing the required infrastructure investments. Dr. Emory De Castro, Advent's Chief Technology Officer, commented: "The developing world is where the battle of climate change will be won or lost, and a low-cost infrastructure is a must. Synthetic eFuels will be produced by green hydrogen in the near future and thus be sustainable in such applications. HT-PEM technology allows for hydrogen fuel flexibility, while the competition is currently limited to very pure hydrogen that is compressed at 700bar. By forging this partnership, we are taking yet another step closer to realizing our clean energy future."
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CSCO ACIA | Hot Stocks09:22 EST Cisco completes acquisition of Acacia Communications - Cisco (CSCO) announced the completion of the acquisition of Acacia Communications (ACIA) following approval by a majority of Acacia's shareholders. Cisco has agreed to acquire Acacia for $115.00 per share in cash, or approximately $4.5B on a fully diluted basis, net of cash and marketable securities. As a result of the transaction, Acacia is no longer a publicly traded company. Acacia has notified NASDAQ of the completion of the acquisition and has requested that NASDAQ file a notification of delisting with the Securities and Exchange Commission on Acacia's behalf.
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RVLGF | Hot Stocks09:21 EST Revival Gold announces results of gold mineralization at Beartrack-Arnett - Revival Gold is pleased to announce the results of a new appraisal of drill results and the recognition of a high-grade core of gold mineralization that is being evaluated for its underground potential at the past-producing Beartrack-Arnett Gold Project located in Idaho, USA. The appraisal was initiated earlier this year in response to Revival Gold's 2020 drilling results, the relogging of previously drilled core and fresh geological insights developed by the Company's exploration team led by Vice President Exploration, Steve Priesmeyer, with input from consulting geoscientists, Mira Geosciences Ltd., and Technical Advisors, 2021 Bill Dennis Award Winner, Phil Walford and noted international explorationist, Laurie Curtis. Key findings are as follows: Based on wide-spaced drilling, there appears to be a core of consistent high-grade sulphide gold mineralization that extends over one kilometer from the south end of the South Pit area through to the south end of the Joss area. The high-grade mineralization is situated within the near-vertical Panther Creek Shear Zone. Intersections run from 4 - 9 g/t gold and are estimated to range between 1 - 5 meters in true width. Mineralization at Joss has been tested over 300 meters vertically and extends to approximately 500 meters below the surface where it remains open at depth. The core is enveloped within a larger lower-grade halo of gold mineralization, some of which has been previously analyzed and included in the bulk underground mineable component of the 2020 Mineral Resource at Beartrack-Arnett. Cross structures are thought to be important controls on mineralization at Beartrack and such structures are evident at Joss. Intersection points with the PCSZ represent important drill targets. The zone is open to the south. To the north, the mineralization continues into the South Pit area, which hosts additional open pit and bulk underground mineable Mineral Resources.
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HRC | Hot Stocks09:20 EST Hill-Rom provides update on planned acquisition of Bardy Diagnostics - Hillrom provided an update on its planned acquisition of Bardy Diagnostics, which it previously announced on January 19. On January 29, a Medicare Administrative Contractor, Novitas Solutions, published new Category 1 reimbursement rates applicable to the Current Procedural Terminology codes for the long-term cardiac monitoring category, including CPT codes 93241, 93243, 93245 and 93247. As a result of the unexpected Novitas reimbursement rate reduction, Hillrom has asserted that a "Company Material Adverse Effect" has occurred, and therefore the closing conditions have not been satisfied. BardyDx has advised Hillrom that it has filed a complaint against Hillrom in the Delaware Court of Chancery. Hillrom remains committed to creating long-term shareholder value and will provide further updates as appropriate.
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NEVDF | Hot Stocks09:19 EST Nevada Copper provides update on project development objectives - Nevada Copper is pleased to provide an update on its development objectives for its Pumpkin Hollow project. The Company's updated development objectives reflect internal studies regarding project optimization and expansion options, as well as the evolution of the copper market. These development objectives aim to further demonstrate the potential of Nevada Copper's large strategic land holding and organic pipeline. HIGHLIGHTS OF THE DEVELOPMENT OBJECTIVES: Prioritized development objectives to advance Nevada Copper's three key growth opportunities: Optimization and expansion of the fully permitted Open Pit Project; Exploration of the Company's multiple near-mine targets; Expansion and extension of the producing underground mine. Open Pit Advancement: Internal studies indicate optimized project scaling has potential to significantly improve project economics, including a concurrent phase 1 and phase 2, plus potential larger ultimate production scale; Infill and extension drilling with aim to bring newly defined mineral inventory into reserves - Conversion of known inferred resources also has potential to further improve project economics; The Company expects to release a resource and reserve update following drilling. Property Exploration: Property has been further expanded to the east, adding multiple targets; Geophysical surveys have identified multiple new targets; Drilling plans defined to follow-up on high-potential targets. Underground Future Extension: Inferred conversion: Significant additional inferred resources to be in-filled as underground mining advances into new zones. Exploration: Multiple underground mine extension targets to be further evaluated, including a new potentially large target to the east of the main shaft that is previously untested. Expansion: Future expansion potential to be studied post achievement of steady-state production.
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SKY | Hot Stocks09:18 EST Skyline Champion announces acquisition of ScotBilt Homes, terms unspecified - Champion Home Builders, a subsidiary of Skyline Champion acquired ScotBilt Homes from SHI Group Holdings and related companies . In 2020, ScotBilt shipped over 1,600 homes from its two manufacturing facilities in Georgia providing affordable housing throughout Alabama, Florida, Georgia and the Carolinas. "We are excited to welcome ScotBilt Homes and its almost 400 employees to the Skyline Champion family," said Mark Yost, Skyline Champion's President and Chief Executive Officer. "We believe ScotBilt is an excellent fit given our compatible company cultures and shared values. While working with founder Sam Scott and his team during this transaction, we learned that their work ethic mirrors our core operating principles. Sam Scott has been a pioneer in the manufactured housing industry for more than 50 years and we are fortunate to benefit from the high quality and unique home designs for which ScotBilt is known." Mr. Yost continued, "The transaction is expected to accomplish several objectives within our strategic framework for profitable growth. ScotBilt's strong presence in the attractive mid-south region helps to balance our national distribution and is highly complementary to our existing footprint, while their efficient manufacturing facilities produce a streamlined product offering. We expect this transaction to generate solid returns with meaningful shareholder value creation from day one, supported by ScotBilt's attractive client base, and margin profile, in addition to the potential for synergy capture."
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CDR | Hot Stocks09:18 EST Camac nominates seven candidates for election to Cedar Realty Trust board - Camac Partner announced that its affiliate has nominated a slate of seven highly qualified director candidates for election to the board of directors of Cedar Realty Trust. Camac is one of Cedar Realty's largest shareholders. Camac's nominees-Larry E. Jennings, Jr., Daniel Katz, Richard Ross, Eric Shahinian, Sharon Stern, Eric Ray and Archer Greg Stevenson-would each bring a welcome fresh perspective to Cedar Realty's board. These nominees are committed to acting in the best interest of all of Cedar Realty's shareholders as independent directors. Camac has received significant positive feedback since the release of its plan to unlock value at Cedar Realty. This feedback validates Camac's views that meaningful and immediate change is needed at Cedar Realty. Camac's plan is simple: Significant Board refreshment with highly qualified directors; Cost-conscious reorganization of Cedar Realty; Sale of non-core assets and deleveraging; Immediate halt to all value-destructive development projects; Implementation of a capital allocation strategy centered on return on invested capital; Appropriate, through and fair evaluation of value-maximizing transactions. Camac believes that Cedar Realty's board has failed to pursue or seriously evaluate credible inbound transaction inquiries. Camac believes that Cedar Realty's board has the fiduciary obligation to give shareholders-the true owners of Cedar Realty-the opportunity to consider and vote on potential value-maximizing transactions.
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DSS | Hot Stocks09:16 EST Document Security announces $30M investment in Sharing Services - Document Security Systems announced in a joint press release that it has increased its investment in Sharing Services Global Corporation, a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products, and technologies in the direct selling industry, through a $30 million convertible promissory note. Prior to this convertible promissory note investment, DSS owned 37% of the outstanding shares of Sharing Services. Sharing Services generated $98.4 million in revenue and $5.6 million net income in the trailing 12-month period ended September 30, 2020.
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WIFI | Hot Stocks09:15 EST Boingo Wireless to become privately held company after Digital Colony buy
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AEHR | Hot Stocks09:15 EST Aehr Test Systems receives FOX-XP multi-wafer test, burn-in solution order - Aehr Test Systems announced it has received an order totaling over $1.4M from an existing customer for a FOX-XP multi-wafer test and burn-in system and multiple WaferPak Contactors to perform volume production qualification of the customers' high performance silicon photonics devices. The total FOX solution is expected to ship prior to the end of Aehr's current fiscal year ending May 31, 2021.
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CDK | Hot Stocks09:14 EST CDK Global completes International Business sale - CDK Global announced it has completed the previously announced sale of the CDK International business to Francisco Partners. CDK announced the agreement to sell the International Business on November 30, 2020. The sale was completed after meeting customary closing conditions and regulatory approvals. Further details regarding the transaction can be found on the Current Reports on Form 8-K filed with the Securities and Exchange Commission on November 30, 2020 and March 1, 2021.
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WIFI | Hot Stocks09:13 EST Digital Colony affiliate to buy Boingo Wireless for $14 per share - Boingo Wireless announced that it has entered into a definitive agreement and plan of merger to be acquired by an affiliate of Digital Colony Management, . Upon completion of the transaction, Boingo will transition from a public company to a privately held company. Under the terms of the agreement, which has been unanimously approved by Boingo's Board of Directors, Digital Colony will acquire all the outstanding shares of Boingo common stock for $14.00 per share in cash through a merger, in a transaction valued at approximately $854 million, including the assumption of $199 million of Boingo's net debt obligations. The acquisition price represents a 23% premium to Boingo's closing price of $11.40 on February 26. "We are pleased to have reached this agreement with Digital Colony, which will deliver significant and immediate value to Boingo's stockholders and concludes a robust strategic review process undertaken by Boingo over the past year," said Mike Finley, Chief Executive Officer of Boingo Wireless. "We believe Digital Colony's expertise owning and operating digital infrastructure businesses, combined with its relationships, resources and access to long-term, private capital markets, will provide greater flexibility for Boingo to continue advancing its business strategy."
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CYTH | Hot Stocks09:10 EST Cyclo Therapeutics announces appointment of Gerald Cox as acting CMO - Cyclo Therapeutics announced the appointment of Gerald Cox as acting chief medical officer, or CMO. Cox is the founder of Gerald Cox Rare Care Consulting, where since 2018 he has been providing advice to small companies in all phases of clinical development for investigational rare disease drugs.
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VZ AMZN | Hot Stocks09:07 EST Verizon, NFL, AWS leverage 5G, MEC for mobile gaming at Super Bowl LV - Verizon, the NFL and AWS debuted the first 5G and mobile edge compute-enabled mobile game for fans in-stadium at Super Bowl LV, called NFL Ultra Toss. Fans with the NFL Ticketholder app received a push notification during the second quarter and were able to compete by using their smartphone to virtually toss a football into the back of a virtual pickup truck positioned in the middle of the field. Fans connected to 5G Ultra Wideband in the stands could point their phone's camera to the middle of the field to see the virtual pickup truck materialize on the field using augmented reality. The interactive AR experience also allowed fans to simultaneously see the live virtual football tosses happening in real-time from other fans, amping up the head-to-head competition.
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JWN | Hot Stocks09:07 EST Nordstrom, Tonal form partnership - Tonal announced that it partnered with Nordstrom to bring its revolutionary intelligent strength training system to new customers across the country. Beginning in March, the experience will launch in the Women's Active department in 40 Nordstrom locations across 20 states in the U.S., including 12 states where Tonal had not yet had a physical location. The partnership will be brought to life through a 50 square foot concept where visitors can experience a full Tonal demo and try a workout firsthand. Store rollouts will begin in March, including top Nordstrom flagship stores in Seattle, Los Angeles, San Francisco, Chicago and Dallas.
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EV | Hot Stocks09:06 EST Eaton Vance trading halted, news dissemination
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DCT | Hot Stocks09:05 EST Duck Creek Technologies appoints Courtney Townsend as CPO - Duck Creek Technologies announced that Courtney Townsend has joined the company as Chief People Officer. Townsend will be responsible for developing and executing Duck Creek's overall human resources strategy and plan, including culture development, inclusion and diversity, succession planning, talent management, change management, and organizational and performance management. She will report directly to CEO Michael Jackowski and work closely with the company's Executive Committee. Most recently, she served as Chief Human Resources Officer at Stats Perform, a sports technology company.
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WKHS | Hot Stocks09:04 EST Workhorse Group CEO says entering 2021 in 'strongest-ever position' - Workhorse CEO Duane Hughes said: "The past twelve months have been a remarkable period for our company and for the world at large. We're entering the new year in our strongest-ever position, both financially and operationally. Counting over $200M of cash on our balance sheet, we are well capitalized to expand our manufacturing throughput, and with over 8,000 vehicles in our backlog, we now have the order book to reliably build for our multi-year growth plan. Our management team and expanded production workforce are continuing to collaborate closely with our strategic partners, Hitachi and Belcan. We are currently faced with various supply chain challenges, both internal and external, in the ramp-up to our stretch production goal for 2021. While we focus on our near term targets we are preparing the Company for quality needed in the scaling forecasted in our multi-year growth plan."
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INVO | Hot Stocks09:04 EST INVO Bioscience obtains regulatory approval to import INVOcell into Mexico - INVO Bioscience announced the company has received approval by COFEPRIS to import INVOcell into Mexico. In late 2020, INVO Bioscience established a joint venture focused on establishing fertility centers dedicated to offering INVOcell, with the initial center, called Positib Fertility, to be located in the city of Monterrey, Mexico.
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PAA PAGP | Hot Stocks09:04 EST Plains All American appoints Jeremy Goebel as EVP, CCO - In connection with the company's long-term succession plans, Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) announced that effective today, its Board of Directors has approved the appointment of Jeremy Goebel to an expanded role of Executive Vice President and Chief Commercial Officer. Mr. Goebel will continue to report to Harry Pefanis, who will retain the role of company President. As Chief Commercial Officer, Mr. Goebel will assume full responsibility for commercial activities in the U.S. and Canada. Goebel has more than 20 years of energy and investment banking experience, and for the past eight years at Plains has served in roles of increasing responsibility, from Managing Director, Strategic Planning and Acquisitions, Sr. Group Vice President, Commercial, and to his most recent role as Executive Vice President, Commercial.
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YGMZ | Hot Stocks09:03 EST MingZhu Logistics announces cooperation agreement with China Merchants - MingZhu Logistics Holdings announced a major cooperation agreement with Sinotrans Logistics Limited's wholly owned subsidiary, China Merchants Logistics Group Urumqi Limited. The cooperation agreement is designed to provide an exclusive, crucial link between the first and last mile between slack coal mines and essential railroads. Under the cooperation agreement, MingZhu will be responsible for the logistics and timely container transport of slack coal linking mines with essential railroad transportation. The companies expect the higher efficiency, lower cost intermodal transport services model will set a new standard for future transport. The cooperation agreement will initially focus on serving Xinjiang's fast growing slack coal market, with total market volume expected to grow from 72.3 million tons in 2018 to 87.7 million tons by the end of 2021. Xinjiang occupies a preeminent position as one of the core transportation hubs of the One Belt One Road and serves as a strategic gateway.
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AYI | Hot Stocks09:02 EST Acuity Brands appoints Trevor Palmer as president of Acuity Lighting - Acuity Brand announced Trevor S. Palmer was appointed President of the Company's lighting and lighting controls business. Effective March 1, 2021, Trevor assumes responsibility for driving innovation across the Company's lighting and lighting controls products, growing market share, and executing the digital transformation of the business. Trevor has over 27 years of experience in the building technology industry and recently served as Senior Vice President of Acuity Brands' Digital Lighting Networks business. Richard K. Reece will take on the combined role of Executive Vice President of the Company and Vice Chairman of ABL. In this role, he will continue to partner with Neil on corporate and business development activities and he will work with Trevor to deepen Acuity Brands agency engagement across our Independent Sales Network and to ensure a smooth transition of our ABL business.
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WIFI | Hot Stocks09:00 EST Boingo Wireless trading halted, news dissemination
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CRMD | Hot Stocks09:00 EST CorMedix trading resumes
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MTBC | Hot Stocks08:56 EST MTBC announces name change to CareCloud - MTBC announced it is renaming the company to CareCloud, Inc. effective March 29, 2021. The name change reflects the company's continued commitment to bringing disciplined innovation and cloud-based solutions to today's evolving healthcare market. As a result of the company's consistent growth, strategic acquisitions and history of innovation over two decades, MTBC's solutions and market presence have expanded significantly, today powering more than 40,000 healthcare providers across 50 states, supported by more than 3,000 team members worldwide. Under the new CareCloud name, MTBC's common stock will continue to trade on the Nasdaq Global Market under the ticker symbol "MTBC", and its Series A Preferred Stock will also continue to trade under the ticker symbol "MTBCP".
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IGT SGMS | Hot Stocks08:56 EST International Game, Scientific Games sign cross-licensing agreement - International Game Technology (IGT) and Scientific Games (SGMS) announced that they have signed a cross-licensing agreement for patents related to cashless slot gaming technologies. Under the agreement, Scientific Games and IGT will be able to offer patented cashless gaming technologies from the companies' combined portfolios of casino management systems solutions to the U.S. gaming industry. Financial terms of the agreement have not been disclosed.
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CNDT | Hot Stocks08:55 EST Conduent announces partnership with Congruity360 - Conduent Incorporated announced a new agreement with Congruity360 that will bring advanced functionality to Conduent's Viewpoint eDiscovery software platform. With the integration of Congruity's Hold360 technology into Viewpoint, corporate legal teams now have a unique, all-in-one solution to streamline the eDiscovery process and smoothly transition from identification and preservation to review and production of legal matters.
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PQG | Hot Stocks08:55 EST PQ Group to sell PQ Performance Chemicals business for $1.1B - Cerberus Capital Management and Koch Minerals & Trading announced a partnership that has agreed to acquire the PQ Performance Chemicals business of PQ Group for approximately $1.1B. PQ Performance Chemicals is a global producer of sodium silicates, specialty silicas, and zeolites. The business supports a broad range of end uses, including for personal and industrial cleaning products, fuel efficient tires, surface coatings, and food and beverage products. The transaction, which is subject to regulatory approvals and customary closing conditions, is expected to be completed in 2021. Following completion of the transaction, the business will continue to operate under the PQ brand.
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MEEC | Hot Stocks08:55 EST Midwest Energy Emissions secures supply business fvalued at $2M+ annually - Midwest Energy Emissions announced that the Company has secured multi-year supply business with a large utility located in the Southwest region of the U.S. to provide its patented two-part Sorbent Enhancement Additive technology for mercury emissions capture. The new supply business for the Company was achieved through a competitive bid process and has a minimum expected value of $2 million per year.
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ORZCF IAG | Hot Stocks08:54 EST Orezone Gold sells 50% silver production from Bombore for $7.15M - Orezone Gold Corporation is pleased to announce it has entered into a binding letter of intent for a silver streaming agreement with EURO Ressources S.A. to sell 50% of the future payable silver production from the Bombore Gold Project for an upfront cash payment of US$7,150,000. Highlights: Realizes value for silver not included in the 2019 feasibility study - The value of the silver is not included in the 2019 Bombore feasibility study due to a lack of assay data. This streaming deal now unlocks that value while allowing the Company to participate in the remaining 50% silver values; Provides immediate cash for exploration at Bombore - The upfront sale of the silver stream will allow the Company to conduct exploration drilling on near-term oxide targets and newly identified high-grade sulphide targets; Does not impact project debt package of the Bombore project - The previously announced debt financing package is based solely on the gold economics and does not incorporate the silver; Stream buyback at Orezone's option - Orezone retains the option to buy back 50% of the silver stream thereby maintaining additional exposure to the metal in a rising commodities environment. Key Terms of Silver Stream: The definitive silver purchase agreement will be with Orezone's Burkina Faso subsidiary. Pursuant to the terms of the Stream Agreement: EURO will make a cash payment of US$7,150,000 to Orezone on closing as consideration for the purchase of 50% of the payable silver produced at Bombore for life of mine. Orezone is to deliver a minimum annual payment equivalent to 37,500 ounces of silver to EURO commencing from the date of commercial production for Bombore. Should there be a shortfall in the annual silver deliveries, Orezone will make an initial catch-up payment only on the later of: the fifth anniversary from the date of the initial silver delivery under the Stream Agreement and repayment of senior secured term loan for development of Bombore, to ensure the aggregate minimum annual payment has been satisfied for each of the preceding years. Thereafter, Orezone will make catch up payments, if required, on an annual basis until the cumulative delivery or payment of 375,000 ounces of silver after which the minimum annual payment guarantee will no longer apply. Orezone will provide a parental guarantee to EURO in favour of its Burkina Faso subsidiary to secure its obligations under the Silver Stream. If, within the first five years of the life of mine, Bombore's sulphide processing plant achieves an average throughput rate 50% above the 2019 feasibility study design capacity, Orezone has the right to buy back 50% of the Silver Stream from EURO for US$7,150,000. EURO has a right of first refusal, for the life of mine, over any further silver production from Bombore that has not been purchased by EURO pursuant to the Silver Stream. The completion of the Silver Stream is subject to standard precedent conditions for a transaction of this nature.
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FLDM | Hot Stocks08:52 EST Fluidigm granted EUA for kit for Advanta Dx SARS-CoV-2 RT-PCR Assay - Fluidigm Corporation announced that the U.S. Food and Drug Administration has granted Emergency Use Authorization for the AZOVA COVID-19 Test Collection Kit for use with the Fluidigm Advanta Dx SARS-CoV-2 RT-PCR Assay on the company's Biomark HD platform. The kit is authorized for at-home self-collection by prescription only for individuals suspected of COVID-19 by their health care providers. Those under the age of 18 may use the kit with adult supervision.
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ANF | Hot Stocks08:51 EST Hollister partners with D'Amelio sisters for mental wellness discussions - Hollister is partnering with TikTok stars Charli D'Amelio, Dixie D'Amelio, Rebecca Black, Maggie Thurmon, Jack Wright, Zahra and mental wellness podcast Teenager Therapy to surprise select U.S. high schoolers with virtual pop-up mental wellness discussions. The sessions will be held on March 2, 2021, which is World Teen Mental Wellness Day. This annual event was founded by Hollister in 2020 in partnership with the National Day Calendar and aims to dismantle the stigma around teen mental health. To recognize World Teen Mental Wellness Day, the TikTokers will speak candidly about mental wellness in the hour-long virtual sessions - all to encourage mental health conversation among Gen Z.
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GGTTF | Hot Stocks08:49 EST GTEC Holdings repays convertible debt in full - GTEC Holdings, is pleased to announce that it has repaid its Unsecured Convertible Promissory Note with Invictus MD Strategies Corp. in full. The Note, which was amended on October 30, 2020 had a principal balance of approximately $2 million, which carried an annual interest rate of 10%. During the most recent 30-day period, the Company made a series of payments, which fully repaid the principal balance of the loan and all accrued interest. The Company would like to reiterate its dedication to operate in a fiscally disciplined manner while building long-term shareholder value. The Company will continue evaluating opportunities to eliminate or reduce its debt, and to reduce operational expenses, while striving to increase its revenue and gross margins.
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VERU | Hot Stocks08:48 EST Veru reaches FDA agreement to advance VERU-111 into Phase 3 study - Veru nnounced that the FDA agreed in an End of Phase 2 meeting, to advance VERU-111 into a Phase 3 registration clinical study based on the clinically meaningful benefits observed with VERU-111 treatment in the recently completed double-blind, randomized, placebo-controlled Phase 2 clinical trial evaluating oral, once-a-day dosing of VERU-111 versus placebo in approximately 40 hospitalized COVID-19 patients at high risk for ARDS. The Phase 2 trial demonstrated clinically meaningful reductions in relevant endpoints, including respiratory failure, patient mortality, days in the ICU and days on mechanical ventilation. VERU-111 has the potential for two-pronged action against COVID-19 as an antiviral and an anti-inflammatory agent which is supported by positive Phase 2 clinical study results. We have met with and will seek funding from The Biomedical Advanced Research and Development Authority of the US Department of Health and Human Services as well as other agencies to fund the estimated amount of commercial drug to supply the needs of the US population, assuming confirmatory positive Phase 3 clinical results and FDA approval. With a similar trial design to the completed positive Phase 2 study, the Phase 3 clinical registration trial design will evaluate daily oral doses of VERU-111 versus placebo with the primary efficacy endpoint of proportion of patients alive at Day 29. It is expected that the Phase 3 clinical trial will be conducted in approximately 400 hospitalized patients who have SARS-CoV-2 virus infection and are at high risk for ARDS at a 2:1 ratio between the VERU-111 and placebo treated groups. The Company has enough clinical drug supply on hand to complete the Phase 3 clinical study. The Phase 3 clinical trial is expected to commence in April 2021 and clinical results are expected by the fourth quarter of calendar year 2021.
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XOM | Hot Stocks08:47 EST Michael Angelakis and Jeffrey Ubben join ExxonMobil board - Angelakis is chairman and CEO of Atairos, an independent strategic investment company focused on supporting growth-oriented businesses across a range of industries. Prior to founding Atairos, he served as Comcast Corporation's vice chairman and chief financial officer. In those roles, Angelakis led strategic planning, capital allocation and corporate development, including overseeing Comcast's successful transition into media and other technologies. Angelakis is a non-executive director of TriNet Group, Inc. and Groupon, Inc., and is a former chairman of the Federal Reserve Bank of Philadelphia. Ubben co-founded Inclusive Capital Partners, a San Francisco-based investment firm focused on increasing shareholder value and promoting sound environmental, social and governance practices. Previously, he was a co-founder of ValueAct Capital Partners, an investment firm emphasizing strong, constructive relationships with company management teams and boards. He is currently a non-executive director for Appharvest Inc., Enviva Partners LP and Nikola Corporation. "We welcome these new directors as part of our ongoing board refreshment, which builds on the diverse global business experience of our current members," said Darren Woods, chairman and chief executive officer of Exxon Mobil Corporation. "Michael and Jeff's expertise in capital allocation and strategy development has helped companies navigate complex transitions for the benefit of shareholders and broader stakeholders. Their contributions will be valued as ExxonMobil advances plans to increase shareholder value by responsibly providing needed energy while playing a leadership role in the energy transition."
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CKPT | Hot Stocks08:46 EST Checkpoint Therapeutics forms Scientific Advisory Board - Checkpoint Therapeutics announced the formation of an independent Scientific Advisory Board comprising leaders in the fields of immunotherapy, lung and skin cancers. The Scientific Advisory Board will work closely with Checkpoint leadership to further develop Checkpoint's novel treatments for patients with solid tumor cancers, including cosibelimab and CK-101. Members of the Checkpoint Scientific Advisory Board include: Wayne A. Marasco, M.D., Ph.D. - Professor of Medicine at Harvard Medical School, Professor of Cancer Immunology and Virology at the Dana-Farber Cancer Institute. F. Stephen Hodi, Jr., M.D. - Director of the Melanoma Center and the Center for Immuno-Oncology at Dana-Farber/Brigham and Women's Cancer Center and Professor of Medicine at Harvard Medical School. Bruce E. Johnson, M.D. - Professor of Medicine at Harvard Medical School, Professor of Medicine and Adult Oncology at the Dana-Farber Cancer Institute. David Miller, M.D., Ph.D. - Instructor in Dermatology and Medicine at Harvard Medical School and member of the Department of Dermatology and the Department of Medicine at Massachusetts General Hospital, where he is Director of the Center for Merkel Cell Carcinoma and co-Director of the MGH-MEEI Non-Melanoma Skin Cancer Multi-Disciplinary Clinic. Emily Ruiz, M.D., M.P.H. - Associate Physician at the Mohs and Dermatologic Surgery Center at Dana-Farber/Brigham and Women's Cancer Center, an Assistant Professor of Dermatology at Harvard Medical School and Director of the High-Risk Skin Cancer Clinic at Dana Farber/Brigham and Women's Hospital.
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AMTX | Hot Stocks08:44 EST Aemetis announces five-yeatr plan targeting $1B of revenue by 2025 - Aemetis has rolled out a new five-year plan that positions the company to generate $1.07 billion of revenues and $325 million of adjusted EBITDA in year 2025. The Revenues plan is a CAGR of 35% and the EBITDA growth plan is a CAGR of 109% for the years 2021 to 2025. The Aemetis five-year plan is being presented today during the 2021 Credit Suisse Virtual Energy Conference, including a one hour presentation on Tuesday, March 2 at 4 pm Eastern time by Eric McAfee, the Chairman and CEO of Aemetis. The presentation also will be filed today with the SEC under Form S-8. The conference presentation by Mr. McAfee will include a question and answer session with two Credit Suisse renewable energy stock analysts focused on negative carbon intensity Renewable Natural Gas, renewable jet/diesel fuel produced using cellulosic negative carbon intensity hydrogen, and other below-zero-carbon projects that Aemetis is building to maximize the value of the California Low Carbon Fuel Standard and federal Renewable Fuel Standard. The majority of the Company's revenue growth is expected to come from California dairy Renewable Natural Gas and the Aemetis "Carbon Zero" renewable jet/diesel plants using negative carbon intensity cellulosic hydrogen produced from waste almond orchard wood in Central California. The Aemetis Dairy RNG project plan shows revenues growing from $9 million in 2021 to $175 million in 2025, while Dairy RNG project EBITDA expands from $4 million in 2021 to $141 million in 2025. Aemetis has been awarded $23 million of grants related to dairy RNG and related gas cleanup and utility pipeline interconnection units, including a $1 million grant to install an RNG dispensing station to fuel RNG trucks at the Keyes plant. The Aemetis "Carbon Zero" renewable jet/diesel plants utilizing estimated -80 negative carbon intensity cellulosic hydrogen are planned to grow to $467 million revenues and EBITDA of $136 million in year 2025.
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CACI | Hot Stocks08:44 EST CACI gets prime spot on multiple-award contract for litigation support to DOJ - CACI International announced that it has been selected to continue providing automated litigation support services to the U.S. Department of Justice and other federal agencies under the Automation Litigation Services contract, a follow-on to the Mega 4 contract. Under the contract, CACI will provide automated litigation support services to DOJ litigating divisions, the Executive Office for U.S. Attorneys, and other federal agencies. John Mengucci, CACI President and Chief Executive Officer, said, "CACI is the premier vendor for large matters and complex cases, whatever the size. Our highly skilled and scalable workforce have the flexibility, skills, and experience to provide DOJ the best mission expertise and technology."
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CEO | Hot Stocks08:43 EST NYSE to delist Cnooc American depositary shares - In a regulatory filing, Cnooc announced The New York Stock Exchange posted on its website stating that the NYSE Regulation has determined to commence proceedings to delist the American depositary shares of the company on the basis that the company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D in light of the executive order signed by the President on November 12 2020 and updated guidance provided by the Office of Foreign Assets Control of the US Treasury Department in General License 1A and frequently asked questions 879 issued on 27 January 2021. The NYSE will suspend trading in the ADSs on March 9. The NYSE will apply to the US Securities and Exchange Commission to delist the ADSs upon completion of all applicable procedures, including any appeal against the NYSE Regulation's decision.
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SFET | Hot Stocks08:42 EST Safe-T launches next generation ZoneZero v5.0 - Safe-T Group announced that its wholly owned subsidiary, Safe-t Data A.R Ltd., has released ZoneZero version 5.0, presenting an improvement of the only Zero Trust Network Access solution in the market that unifies all access scenarios for external and internal users.
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TDAC | Hot Stocks08:42 EST Lottery.com appoints Luc Vanhal as CFO - Lottery.com announced that Luc Vanhal has been appointed as the Company's CFO. Since 1990, Vanhal has been providing executive leadership in the roles of chief financial officer, chief operating officer and president. As CFO, Vanhal will lead Lottery.com's global finance organization and will be responsible for accounting, treasury, financial planning and analysis. He will also play a crucial role in Lottery.com's global expansion plans, in both regulatory matters and acquisitions. On February 22, 2021, the Company entered into a definitive agreement with Trident Acquisitions Corp. to become a publicly traded company on The Nasdaq Stock Market. Trident and the Company intend to publish an investor presentation relating to the proposed business combination in the coming weeks.
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DNOW | Hot Stocks08:40 EST NOW Inc. to acquire DR Energy Services, terms undisclosed - NOW Inc. announced that it has entered into an agreement to acquire from GR Energy Services, a portfolio company of Pine Brook, substantially all of the assets used in connection with its Flex Flow business, predominantly relating to the rental, sale and service of surface-mounted horizontal pumping systems and horizontal jet pumping systems. Terms of the all-cash transaction, which remains subject to customary closing conditions, including regulatory approval, were not disclosed. David Cherechinsky, President and CEO of NOW Inc. commented, "We are excited about the opportunity to add the Flex Flow business to DistributionNOW. With its established position in the horizontal multi-stage centrifugal pump packages and water management solutions market, Flex Flow will provide numerous attractive opportunities in the midstream space for DNOW. We are looking forward to the opportunity to welcome the Flex Flow employees to our team. DNOW plans to continue to seek acquisitions that can add to its historical return profile in a positive manner and we believe the Flex Flow acquisition will be an excellent example of that." Flex Flow is a leading provider of H-pump solutions for applications across the energy industry. Flex Flow has earned a widespread reputation of H-pump expertise throughout the lifecycle of the application, via its suite of rental, permanent installation and service and support offerings. Flex Flow is based out of Midland, Texas, currently serving the Permian, Bakken / Rockies and Mid-Continent regions.
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NEWT | Hot Stocks08:40 EST Newtek Business Services reaches $500M in market capitalization - Newtek Business Services announced that it has reached $500 million in market capitalization, based on the closing price of Newtek's common stock of $22.98 per share on Friday, February 26, 2021. Barry Sloane, President, Chairman and CEO commented, "We are extremely proud to have reached this milestone, which underscores the strength of our business model and its ability to adapt to and excel in a rapidly changing environment as we continue to assist independent business owners with their needs across the U.S. in all 50 states. In addition, we believe reaching a $500 million market capitalization could open us to greater acceptance by small-cap investors with an investment thesis that requires a minimum market capitalization threshold of $500 million We look forward to our next milestone of reaching $1.0 billion in total assets."
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CRMD | Hot Stocks08:39 EST CorMedix receives CRL from FDA for DefenCath Catheter Lock Solution - CorMedix announced that the US Food and Drug Administration cannot approve the New Drug Application for DefenCath in its present form. FDA noted concerns at the third-party manufacturing facility after a review of records requested by FDA and provided by the manufacturing facility. FDA did not specify the issues and CorMedix intends to work with the manufacturing facility to develop a plan for resolution when FDA informs the facility of the specific concerns. When we are informed of the issues, we will schedule an investor conference call to provide an update on our expected timeline for resolution. Additionally, FDA is requiring a manual extraction study to demonstrate that the labeled volume can be consistently withdrawn from the vials despite an existing in-process control to demonstrate fill volume within specifications. CorMedix expects to be able to complete this requirement expeditiously. Satisfactory resolution of these issues is required for approval of the DefenCath NDA by a pre-approval inspection and/or adequate manufacturing facility responses addressing these concerns. If an inspection is required, the FDA is currently facing a backlog due to the pandemic and are actively working to define an approach for scheduling outstanding inspections once safe travel may resume. CorMedix will request a meeting with the FDA, which we estimate will occur by mid-April, to obtain agreement with the Agency on our proposed plan for resolution of the issues at our third-party manufacturing facility. FDA did not request additional clinical data, and did not identify any deficiencies related to the data submitted on the efficacy or safety of DefenCath from LOCK-IT-100. In draft labeling discussed with FDA, the Agency added that the initial approval will be for the limited population of patients with kidney failure receiving chronic hemodialysis through a central venous catheter. This is consistent with our request for approval pursuant to the Limited Population Pathway for Antibacterial and Antifungal Drugs , which provides for a streamlined clinical development program involving fewer clinical trials. The LPAD pathway is intended to encourage the development of safe and effective products that address unmet medical needs of patients with serious bacterial and fungal infections. DefenCath received designations as Fast Track and Qualified Infectious Disease Product, and the NDA received priority review. QIDP provides for an additional five years of marketing exclusivity, which will be added to the five years granted to a New Chemical Entity upon approval of the NDA. CorMedix also committed to conducting a clinical study in pediatric patients using a central venous catheter for hemodialysis when the NDA is approved, which will add an additional six months of marketing exclusivity when the study is completed. CorMedix ended the 4th quarter of 2020 with pro forma cash, cash equivalents and short-term investments of approximately $87.8 million, including capital raised though ATM issuance, which the company estimates is sufficient to fund operations at least into second half of 2022.
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GTEC | Hot Stocks08:39 EST Greenland Technologies plans major U.S. manufacturing expansion - Greenland Technologies Holding Corporation announced a planned major U.S. manufacturing expansion that will establish Greenland's U.S. market manufacturing footprint and increase its total worldwide capacity. Under the planned expansion, Greenland is in discussions to establish a new up to 50,000 square foot facility on the East Coast of the U.S. Depending on the favorable outcome of discussions regarding potential incentive programs with state and local officials, Greenland plans to finalize the site selection process and formally announce the state the new facility will be located in during 2Q 2021. The company is targeting 3Q 2021 to take possession of the additional manufacturing space, with assembly lines brought fully online for its upcoming electric industrial vehicles targeted between 3Q 2021 and 4Q 2021.
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BKH | Hot Stocks08:37 EST Black Hills incurs $600M of additional natural gas costs from weather event - Black Hills Corp. released additional details regarding the impacts from the extreme cold weather during February on its utility businesses and customers. During this extreme weather event, the company's electric and natural gas systems performed remarkably and delivered energy safely and reliably to its customers. In a Form 8-K filed recently, Black Hills indicated it incurred approximately $600 million of additional natural gas costs to meet customer demand through Feb. 24.
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SABR | Hot Stocks08:36 EST Sabre, Kiwi.com announce new strategic partnership - Kiwi.com and Sabre announced a new strategic partnership. The agreement will see Kiwi.com leverage Sabre's well-established global position to support its continued growth and expand its market reach.
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FUN | Hot Stocks08:36 EST Cedar Fair appoints Seenu Sarma Chief Procurement Officer - Cedar Fair Entertainment announced that Mr. Seenu Sarma has joined its executive team as senior vice president and chief procurement officer. "We are pleased Seenu has joined Cedar Fair to lead a transformational initiative to centralize procurement activities across our entire portfolio of entertainment properties," said President and CEO Richard A. Zimmerman. "Seenu's arrival is well-timed and coincides with our broader initiative aimed at optimizing the efficiency and cost structure of our business infrastructure. I'm confident his strategic expertise in designing and building out centralized procurement programs, as well as his broad-based experience with the likes of world-class companies such as Dean Foods, Deloitte and NASA, will help streamline our acquisition of equipment, products and services, and improve our operational effectiveness from top to bottom."
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QLGN | Hot Stocks08:35 EST Qualigen Therapeutics secures option to negotiate license for AS1411-GNP - Qualigen Therapeutics announced it has entered into a Material Evaluation and Option Agreement with the University College London to advance development of and potentially expand toward future commercial uses of Qualigen's leading anticancer drug candidate AS1411-GNP, also known as ALAN. In collaboration with the University of Louisville, Qualigen will evaluate the use of ALAN with G-quadruplex binders developed by Professor Stephen Neidle and colleagues from UCL. Research at UCL, supported by the UCL Technology Fund, has shown encouraging results using GQBs and targeted cancer therapeutics, particularly for the treatment of pancreatic cancer. Qualigen believes the combination of these GQBs with ALAN may increase the cancer selectivity, and therefore also the efficacy, of ALAN. Qualigen has secured an option to pursue a worldwide commercial license for this promising technology from UCL Business Ltd, the commercialization company of UCL. ALAN is a combination of Qualigen's AS1411 DNA aptamer plus a DNA-coated gold nanoparticle to dramatically increase its potency. This cancer drug candidate has the potential to target and destroy tumor cells in a various types of cancer with minimal side effects. The Company is aiming to commence Phase 1 human trials in 2021 for acute myeloid leukemia, its lead indication. Qualigen has an exclusive worldwide license agreement from the University of Louisville for ALAN.
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HUBS | Hot Stocks08:35 EST HubSpot CEO Brian Halligan injured in accident, expected to make full recovery - HubSpot announced that its CEO, Brian Halligan, was recently injured in a snowmobile accident and that he will take some time away from HubSpot to recover from his injuries. Halligan is expected to make a full and complete recovery. While Halligan focuses on healing, HubSpot's Chief Customer Officer, Yamini Rangan, will assume day-to-day operating responsibilities for the organization. HubSpot Board Member and Lead Director Lorrie Norrington said, "We are so happy to hear that Brian is taking time to heal, and while we look forward to welcoming him back, the HubSpot management team is strong, united, and well-positioned to help the organization grow and thrive in Brian's absence."
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LNTH | Hot Stocks08:34 EST Lantheus announces publication of PyL results from pivotal studies - Lantheus Holdings announced the publication of the results of both pivotal studies for PyL, an investigational PET imaging agent that targets prostate-specific membrane antigen. The OSPREY Phase 2/3 trial results have been published online in the Journal of Urology and the CONDOR Phase 3 trial results have been published in the online version of Clinical Cancer Research. "The limitations of conventional imaging modalities for prostate cancer create a need for targeted imaging in the initial assessment of high-risk patients as well as in men with early biochemically relapsed disease," said Michael J. Morris, M.D., Prostate Cancer Section Head, Genitourinary Medical Oncology Service, Division of Solid Tumor Oncology, Memorial Sloan Kettering Cancer Center, and lead author of the CONDOR manuscript and senior author on the OSPREY manuscript. "The OSPREY trial data highlighted the high positive predictive value, negative predictive value and specificity of PyL in staging high-risk patients. The CONDOR trial demonstrates its high positive predictive value to accurately locate and identify recurrent cancer early and non-invasively. Assuming FDA approval, physicians will be able to use this clinically meaningful information to identify disease, guide treatment plans, and improve disease management."
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TREC | Hot Stocks08:34 EST Trecora Resources announces new $20M share repurchase program - Trecora Resources announced that its Board of Directors has authorized the repurchase of up to $20M of its common stock by March, 2023.
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ABY AY | Hot Stocks08:33 EST Atlantica Sustainable Infrastructure to acquire Coso Geothermal Power Holdings - Atlantica Sustainable Infrastructure announced that it has reached an agreement to acquire Coso Geothermal Power Holdings, a 135 MW geothermal power plant, from a consortium of investors including Bardin Hill Investment Partners LP, Avenue Capital LP, Corre Partners Management, LLC and Voya Financial. As the third largest geothermal power plant in the United States, Coso plays a critical role in supporting California's decarbonization efforts. Atlantica's investment is expected to be approximately US $170 million and to close in the first half of 2021, subject to customary conditions and regulatory approvals. The asset provides base-load, non-intermittent, renewable energy to the California ISO and has PPAs signed with three investment grade offtakers, with 19 years average contract length. Following the close of the transaction, Coso's existing management team and the asset management team at Middle River Power will continue to lead the plant's operations.
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FTFT | Hot Stocks08:33 EST Future FinTech to acquire Sichuan Ticode Supply Chain Management Co., Ltd. - Future FinTech Group announced that on February 26, the company and its wholly-owned subsidiary, Future Supply Chain Co., Ltd., entered into a definitive share exchange agreement with Sichuan Longma Electronic Technology Co., Ltd. and Sichuan Ticode Supply Chain Management Co., Ltd. to acquire a 60% equity interest of Ticode from Longma. The 60% equity interest of Ticode was valued at approximately $66.45M which will be paid for in 7,789,882 shares of FTFT common stock priced at $8.53 per share subject to closing conditions as stipulated in the Agreement. The Agreement also stipulates that an additional 5% of equity interest in Ticode shall be transferred to the company at no cost should Ticode not achieve Earnings Before Interest and Taxes of at least $7.69M for the fiscal year ended December 31, 2021; an additional 5% equity interest in Ticode shall be transferred to the company at no cost should Ticode not achieve EBIT of at least $8.85M for the fiscal year ended December 31, 2022.
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KDNY EVTCY | Hot Stocks08:32 EST Chinook Therapeutics, Evotec enter collaboration for chronic kidney diseases - Chinook Therapeutics (KDNY) and Evotec (EVTCY) announced a strategic collaboration focused on the discovery and development of novel precision medicine therapies for patients with chronic kidney diseases. Based on Evotec's proprietary comprehensive molecular datasets from thousands of patients across chronic kidney diseases of multiple underlying etiologies, Chinook and Evotec will jointly identify, characterize and validate novel mechanisms and discover precision medicines for PKD, lupus nephritis, IgA nephropathy and other primary glomerular diseases. The collaboration will also involve further characterization of pathways and patient stratification strategies for programs currently in Chinook's clinical and preclinical pipeline. The National Unified Renal Translational Research Enterprise is the first biobank for chronic kidney diseases and nephrotic syndrome, covering England, Scotland and Wales. Biological samples, including plasma, serum, urine, DNA and kidney biopsies, from 3,000 patients with chronic kidney diseases and over 800 patients with NS from 18 NHS Trusts, are being collected and stored under strict standards for academic and industrial research globally. NURTuRE also has the advantage of containing anonymized linked clinical data through the U.K. Renal Registry, which will enable the development of new prognostic and predictive biomarkers. This will potentially allow Chinook and Evotec to identify patients who will benefit from better, earlier diagnosis and individualized new treatments, resulting in improved health outcomes. The collaboration also leverages Evotec's proprietary PanOmics platform, which combines enhanced throughput proteomics, high throughput transcriptomics and cell imaging with PanHunter, Evotec's unique data analysis platform. Under the terms of the agreement, Chinook and Evotec will share drug discovery and preclinical development responsibilities. Chinook will be responsible for clinical development and commercialization of product candidates developed under the collaboration. Evotec will receive an undisclosed upfront payment, research funding, progress-dependent milestone payments and tiered royalties on net sales for targets identified through the collaboration.
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VERX | Hot Stocks08:30 EST Vertex appoints Sal Visca as CTO - Vertex, is pleased to welcome Sal Visca as chief technology officer effective immediately. He is responsible for leading the company's technology strategy, software engineering and innovation roadmap to accelerate growth. Previously, he served as CTO at Elastic Path Software, where he drove their pioneering efforts in "headless commerce."
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FLURF | Hot Stocks08:29 EST FluroTech appoints Phillip Farrelly to Scientific Advisory Board - FluroTech announced that Phil Farrelly has joined FluroTech's advisory board. Mr. Farrelly founded Hudson Robotics in 1983, establishing the company as a market leader in microplate automation, laboratory robotics, liquid handling and customized software-driven laboratory automation solutions for life sciences research.
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QTNT | Hot Stocks08:27 EST Quotient announces equity awards - Quotient Limited announced the scheduled grant of equity awards to Mr. Manuel Mendez, who has been appointed as the CEO of the Company effective April 1, 2021. In connection with the planned appointment, on April 1, 2021, the Company will grant Mr. Mendez $3,333,333 of restricted share units and $1,666,667 of share options to purchase the Company's ordinary shares. In addition, on April 1, 2021, the Company will grant to Mr. Mendez initial annual equity awards consisting of $600,000 of RSUs, $1,000,000 of performance-based restricted share units and $400,000 of share options to purchase the Company's ordinary shares. Such grants, which will be issued outside of the Company's 2014 Stock Incentive Plan, were approved by the Company's Board of Directors and the Remuneration Committee of the Board of Directors pursuant to the inducement grant exception under Nasdaq Rule 563(c)(4), as an inducement that is material to Mr. Mendez's joining the Company as the CEO. The Sign-On RSUs will vest in three years, with 50% vesting on the first anniversary of the grant date, and 25% vesting on each of the second and third anniversaries of the grant date. The First Annual RSUs will vest in three equal installments on the first, second and third anniversaries of the grant date. The First Annual PSUs will vest on the third anniversary of the grant date, provided specific performance criteria have been met. These performance criteria include the Company achieving certain financial targets. The number of shares underlying the Sign-on Options and First Annual Options will be determined using a Black-Scholes calculation based on the closing sales price of the Company's ordinary shares on the Nasdaq Global Market on the grant date. The Sign-On Options and the First Annual Options will have an exercise price per share equal to the closing sales price of the Company's ordinary shares on the Nasdaq Global Market on the grant date. The Sign-On Options and the First Annual Options will vest in three equal installments on the first, second and third anniversaries of the grant date. The vesting of the awards will be subject to Mr. Mendez's continued service as the CEO of the Company on each applicable vesting date, provided that, upon a termination of Mr. Mendez's employment by the Company without Cause or by Mr. Mendez for Good Reason, all of the awards will become vested.
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CMI | Hot Stocks08:26 EST Cummins announces Nicole Lamb-Hale to be be General Counsel - Cummins announced Nicole Y. Lamb-Hale is succeeding Sharon Barner as Vice President and General Counsel, effective in May. The company announced on February 2 that Barner is being promoted to Vice President and Chief Administrative Officer.
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ACIW | Hot Stocks08:26 EST ACI Worldwide and InComm team to digitize cash payments - ACI Worldwide and InComm Payments announced a partnership that will digitize cash payments through the use of a barcode payment token, making it easier for consumers to pay bills. For some consumers, such as the unbanked or underbanked populations, cash payments are essential. With ACI Speedpay and InComm Payments' VanillaDirect Pay, consumers will follow the account provider's process to get a barcode printed, scanned from a website, or sent to their phone via text or through ACI's moBills digital wallet feature. Consumers can then take this barcode payment token to more than 60,000 participating retail agents with the appropriate amount of cash, including any convenience fee, and pay their bills-such as utilities, higher education, cable, insurance and more. "Together with ACI, we are enhancing the customer payment experience by providing an easy, safe and convenient payment option for customers looking to use cash," said Tim Richardson, senior vice president, InComm Payments. "By offering alternatives for consumers to make cash payments, we are not only helping to improve the payment experience but driving financial inclusion as well."
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RCM | Hot Stocks08:25 EST R1 RCM issues inaugural ESG report - R1 RCM released its inaugural Environmental, Social, and Governance Report detailing R1's approach to ESG, corporate responsibility, and sustainability. As a trusted partner to its customers, and the patients and communities they serve, R1 built an ESG framework that aligns with the United Nations Sustainable Development Goals and demonstrates a commitment to transparency, accountability, and social responsibility to its stakeholders.
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CRMD | Hot Stocks08:25 EST CorMedix trading halted, news pending
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MANT IBM | Hot Stocks08:24 EST ManTech appoints Joseph Cubba as CGO - ManTech (MANT) announced the appointment of Joseph Cubba as Chief Growth Officer. Reporting to COO Matt Tait, Cubba will plan and lead strategic growth priorities for sales, revenue and profit, leveraging ManTech's innovative technology solutions and outstanding talent to build on the company's strong customer relationships in intelligence, defense and federal civilian agencies. Cubba joins ManTech from IBM (IBM), where he served most recently as Senior Partner and Vice President, Defense and Intelligence, driving growth in AI, machine learning, advanced analytics, hybrid cloud and next generation enterprise IT, winning the Federal 100 Award for his achievements.
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AVDL | Hot Stocks08:22 EST Avadel Pharmaceuticals announces FDA acceptance of FT218 NDA - Avadel Pharmaceuticals announced that the U.S. Food and Drug Administration has accepted for review the Company's New Drug Application for FT218, an investigational, once-nightly formulation of sodium oxybate for the treatment of excessive daytime sleepiness and cataplexy in adults with narcolepsy. The FDA assigned the NDA a Prescription Drug User Fee Act target action date of October 15, 2021. The NDA submission is supported by positive data from the pivotal Phase 3 REST-ON study, which was completed under a Special Protocol Assessment agreement with the FDA. The Company plans on presenting data from the study for the three primary endpoints, as well as a number of secondary endpoints and post-hoc analyses at upcoming conferences in the first half of 2021.
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ACN | Hot Stocks08:21 EST Accenture to acquire Pollux, terms undisclosed - Accenture has agreed to acquire Pollux, a provider of industrial robotics and automation solutions, headquartered in Joinville, Brazil. The company said the acquisition will expand Accenture's capabilities for clients in consumer goods, pharmaceutical and automotive industries seeking to make their factories, plants and supply chains more productive, safe and sustainable. Pollux provides solutions to optimize manufacturing and logistics processes. The company designs, engineers and deploys functional assembly lines that include robots and other hardware, plus the software that controls them. Pollux also offers visual analytics inspection solutions, autonomous mobile robots and robots as a service for shopfloors and warehouses. Founded in 1996, Pollux has implemented more than 1,000 projects for manufacturing companies, primarily in Brazil.
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AMAL | Hot Stocks08:21 EST Amalgamated Bank announces consummation of holding company reorganization - Amalgamated Financial and Amalgamated Bank announced the consummation of a holding company reorganization, effective March 1, 2021, pursuant to which the Company became the parent bank holding company of the Bank. In the reorganization, each share of the Bank's Class A common stock converted into one share of the Company's common stock. Following the consummation of the reorganization, shares of the Company's common stock will trade on The Nasdaq Global Market under the same ticker symbol, AMAL, that was used for shares of the Bank's Class A common stock before the reorganization. Upon consummation of the reorganization, the Company, a Delaware public benefit corporation, became the first publicly traded financial institution that is a public benefit corporation , further underscoring the Company's commitment to creating public benefit and sustainable value, in addition to generating profit for stockholders. As a PBC, the Company will be a for-profit corporation that has also committed to consider the impact of its decisions on various factors beyond stockholder return, including workers, customers, suppliers, community, the environment, and society. As a bank holding company, the Company will also gain access to additional means of raising capital and more flexibility to engage in non-banking financial activities. This will provide an opportunity to expand its offerings to customers.
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CBPO | Hot Stocks08:21 EST China Biologic announces shareholders' approval of merger agreement - China Biologic announced that, at an extraordinary general meeting, the company's shareholders voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger, dated as of November 19, 2020, among the company, CBPO Holdings Limited and CBPO Group Limited, pursuant to which, Merger Sub will be merged with and into the company with the company continuing as the surviving company and becoming a wholly owned subsidiary of Parent, the plan of merger required to be filed with the Registrar of Companies of the Cayman Islands, and the transactions contemplated thereby, including the Merger.
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VYNE | Hot Stocks08:20 EST VYNE Therapeutics to begin Phase 2a study of FMX114 in Q3 - VYNE Therapeutics announced development plans for FMX114, a fixed combination of pan-JAK inhibitor tofacitinib and sphingosine 1-phosphate receptor modulator fingolimod in a topical gel for the potential treatment of mild-to-moderate atopic dermatitis. FMX114, VYNE's first product candidate designed to target AD, will be evaluated in a Phase 2a proof of concept study expected to begin in 3Q 2021. FMX114 was evaluated in a well-known nonclinical model in which dorsal depilated BALB-C mice are dosed with 100microl topical dinitrochlorobenzene solution to induce a type 2 inflammatory response in the skin with AD-like pathology. There was a 32-day induction phase followed by 7 days of both DNCB and investigational drug concomitant treatment. Two doses of FMX114 were compared with tofacitinib monotherapy, fingolimod monotherapy, triamcinolone 0.1%, and DNCB control. Key findings from the study: Treatment with FMX114 0.6% tofacitinib + 0.01% fingolimod combination gel resulted in an 89% reduction in the modified atopic dermatitis index score relative to the DNCB control group at day 7. Both FMX114 doses had comparable efficacy to triamcinolone 0.1% cream, a product widely used in the treatment of AD. Animal body weight was also evaluated to help determine tolerance to treatment. At day 7: In both FMX114 treatment groups, the animals experienced body weight gains comparable to DNCB negative control and vehicle-treated healthy control animal groups. Animals treated with triamcinolone 0.1% cream lost approximately 21% of their body weight compared to the animals treated with FMX114.
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CWH | Hot Stocks08:20 EST Camping World to acquire Triple A R.V. Center in Oregon - Camping World announced that an agreement has been signed to acquire Triple A R.V. Center in Medford, Oregon. The acquisition is anticipated to close this month. The location will transition to the Camping World brand with a target open date of late March. The SuperCenter will include a wide range of new and used RVs from manufacturers in addition to a full assortment of RV and outdoor products and accessories. With this addition, the company will have six locations in Oregon. Camping World Holdings also owns and operates a second location south of Medford under its Gander RV & Outdoors brand, America's second largest RV and outdoor dealer network behind Camping World.
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SPNE | Hot Stocks08:18 EST SeaSpine announces full commercial launch of Reef TO Interbody System - SeaSpine Holdings Corporation announced the full commercial launch of the Reef TO Interbody System. The Reef TO Interbody System is designed for posterior lumbar interbody procedures and accommodates both direct impact insertion and insert-and-rotate techniques. With a comprehensive set of decompression, disc preparation, and implant insertion instruments, Reef TO provides a versatile and reproducible lumbar interbody solution for surgeons.
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TACT | Hot Stocks08:18 EST TransAct Technologies gets BOHA! agreement with regional convenience store - TransAct Technologies announced that it has secured a new BOHA! agreement with a regional convenience store operator. The company expects to deploy the BOHA! system to over 40 locations in support of their privately-branded and third party fresh food offerings. "TransAct's BOHA! Solutions have rapidly become an industry leader for c-store operators as they continue to expand into freshly prepared & pre-packaged foods," said Bart C. Shuldman, Chairman and CEO of TransAct Technologies. "We are thrilled to have another customer recognize the immense power of the BOHA! platform, and look forward to working and growing with them." The complete system deployment will initially include the BOHA! Terminal, BOHA! Labeling Software, and proprietary BOHA! labels. TransAct estimates total annual recurring revenue per unit will be at least $1,500 per year, with one-time hardware revenue sales of at least $900 per location.
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CDAY | Hot Stocks08:17 EST Ceridian completes acquisition of Ascender - Ceridian announced it has completed the acquisition of Ascender HCM Pty Limited, a leading HR and payroll solutions provider in the Asia Pacific Japan. region. The acquisition was previously announced on February 1, 2021 and closed effective today. A leading HCM provider in the region, Ascender provides more than 1,200 global brands with leading HR and payroll capabilities. With this acquisition, Ceridian will have the opportunity to deliver additional value to Ascender's customers through the Dayforce platform's full-suite HCM capabilities, including workforce management, payroll, talent management, and time and attendance. Ascender has deep industry expertise across all verticals, including higher education and government, coupled with a strong partner ecosystem. Ceridian now serves a combined 1,500 customers and 2.5 million employees across 30 countries in the APJ region.
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AY | Hot Stocks08:16 EST Atlantica Sustainable Infrastructure sees mid-term CAFD per share growth 5%-8% - Considering these opportunities, Atlantica has targeted mid-term CAFD per share growth of between 5% and 8%.
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HON | Hot Stocks08:16 EST Honeywell, Syracuse University establish research partnership - Honeywell announced it has established a research partnership with Syracuse University to fund research on emerging indoor air quality technologies. The partnership will include the naming of a Honeywell Indoor Air Quality Laboratory at Syracuse University's College of Engineering and Computer Science which will be used by researchers to help create healthier and safer building environments.
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AY | Hot Stocks08:16 EST Atlantica Sustainable Infrastructure provides guidance for growth beyond 2021 - The Company believes that its accretive growth strategy is supported by significant potential equity investment opportunities identified in the short and mid-term in the regions and sectors where it has a presence. Given the pipeline of opportunities, Atlantica targets potential equity growth investments of approximately $300 million per annum in equity value. Atlantica has diversified sources of growth: Organic growth can be delivered through the optimization of the existing portfolio, escalation factors in many of our assets and the expansion of current assets, particularly our transmission lines. Additionally, we expect to find opportunities to expand or repower some of our renewable assets. Development of new assets. The Company intends to invest and co-invest in developing assets with partners, including AAGES, and in some cases internally. Third-party acquisitions. In addition, Atlantica expects to continue acquiring assets from third parties, leveraging its local presence and network in different geographies and sectors.
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FRSX | Hot Stocks08:15 EST Foresight Autonomous unit completes trial with global vehicle maker - Foresight Autonomous Holdings announced that its wholly owned subsidiary, Eye-Net Mobile successfully completed a controlled trial of its Eye-Net Protect cellular-based accident prevention solution for the intelligent transport system division of a multi-billion-dollar global Japanese vehicle manufacturer. The trial, supervised by Blue and White Robotics, was designed to demonstrate Eye-Net's advanced capabilities of protecting vehicles from oncoming collisions. The trial was streamed in real time from the test ground in Israel to the Japanese vehicle manufacturer. The trial is part of a pilot project with the vehicle manufacturer for possible integration into the vehicle manufacturer's smart city project, as reported by the Company in January 2021. The Eye-Net Protect system was tested in several predefined accident-simulated scenarios at various speeds to test the system for repeatability, detection accuracy and alert timing. The scenarios included vehicles that had no direct line of sight. In all cases, the participants in the trial used the Eye-Net Protect application installed on their smartphones and in-vehicle infotainment system. The Eye-Net Protect system demonstrated a 95.54% success rate in all tested scenarios. All users were alerted on time, approximately 2.4 seconds before reaching the intersection, at around 3 feet or one meter away from the required alert location. A high level of accuracy and consistency was shown as all participating vehicles consistently stopped approximately 10 feet or 3 meters away from the required location in order to prevent oncoming collisions. The Eye-Net Protect system proved its robustness and reliability by operating 100% of the time with zero crashes or errors during the entire trial day.
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AY | Hot Stocks08:15 EST Atlantica Sustainable Infrastructure sees 2021 CAFD $220M-$240M - With this, Atlantica is initiating guidance for 2021: 2021 targeted Adjusted EBITDA including unconsolidated affiliates in the range of $820 million to $860 million. 2021 targeted CAFD in the range of $220 million to $240 million, an equivalent of $1.99 to $2.17 per share.
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OBCI | Hot Stocks08:15 EST Ocean Bio-Chemical to increase annual dividend to 12c per share - Ocean Bio-Chem is pleased to announce the Board of Directors unanimously voted to increase the annual dividend to 12c per share of common stock, payable quarterly at a rate of 3c per share. The current dividend is payable on March 25 to holders of record of the company's common stock on March 11.
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PHIO | Hot Stocks08:13 EST Phio Pharmaceuticals, AgonOx announce clinical development collaboration - Phio Pharmaceuticals announced it has entered into a clinical development collaboration with AgonOx to develop novel T cell-based cancer immunotherapies using Phio's lead INTASYL based product candidate PH-762 and AgonOx's "double positive" tumor-infiltrating lymphocyte technology. The companies have shown that the combination of their respective technologies can result in enhanced TIL therapeutics, and based on these data, the collaboration will focus on conducting a clinical study for PH-762 treated DP TILs. The study is expected to start enrolling patients later this year.
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MDLA | Hot Stocks08:13 EST Medallia announces partnership with USA Rugby - Medallia announced its partnership with the USA Women's and Men's Senior National Rugby Teams. Medallia technology will be the official fan experience platform used to engage the more than 100,000 members of USA Rugby and reported 45M supporters in America.
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HSY | Hot Stocks08:12 EST Hershey announces 2030 goals to reduce environmental footprint - The Hershey Company announced new commitments to advance its environmental progress and contribute to global climate action. Hershey has set ambitious new goals to reduce its global emissions in line with the global best practice of the Paris Climate Agreement, to limit global temperature rise to 1.5 degrees C. In 2019, Hershey committed to the Science Based Targets initiative that it would audit its operations and develop targets to reduce its greenhouse gas emissions in line with the best available climate science. As a result of that process, Hershey announces its goal to reduce its absolute Scope 1 and Scope 2 emissions by more than 50% and its absolute Scope 3 emissions by 25% by 2030, compared to a 2018 baseline. Hershey will deploy a comprehensive, global approach to reduce emissions through targeted investments in energy efficiency, renewable energy, packaging innovations as well as sustainable land-use policies.
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SGBX | Hot Stocks08:11 EST SG Blocks sub-leases COVID-19 vaccination site to Cook County in Illinois - SG Blocks announced that the company, SG Blocks, via its partnership with Chicago Airport Testing, completed a sub-lease for COVID-19 vaccinations with Cook County for the former K-Mart site in Des Plaines, Illinois, a suburb outside of Chicago. With approximately 200,00 square feet of indoor and outdoor testing space, the facility will soon be used by Cook County for a mass vaccination program to combat the spread of COVID-19. Chicago Airport Testing will transition to a new laboratory site, with further details coming soon. The Chicago program will also expand to include remote collection units. Clarity Mobile Ventures will be able to seed its operations from the proceeds in a non-dilutive fashion.
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SIC | Hot Stocks08:11 EST SIC appoints Karl Adrian president, residential design services - Select Interior Concepts announced that Karl Adrian will join the Company as President, Residential Design Services effective March 1, 2021. Most recently, he served as CEO of Clio Holdings, a large fabricator of stone and other countertops with multiple manufacturing facilities and other locations.
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WEC | Hot Stocks08:10 EST WEC Energy to acquire 90% ownership of Jayhawk Wind Farm - WEC Energy Group announced that the company has agreed to acquire a 90% ownership interest in the Jayhawk Wind Farm, to be built in Bourbon and Crawford counties, Kansas. Jayhawk will generate renewable energy that will be sold under long-term contract to Facebook. The Jayhawk site will consist of 70 GE wind turbines with a combined capacity of more than 190 megawatts. The project is being developed by Apex Clean Energy, a leading clean energy company. Invenergy will acquire the remaining 10% ownership interest and will operate the facility. Commercial operation is expected to begin by the end of 2021. WEC Energy Group's investment is expected to total $302M for the 90% ownership interest and substantially all of the tax benefits. The investment is part of the company's $16B ESG Progress Plan - the largest 5-year capital plan in the company's history. It calls for investment in efficiency, sustainability and growth.
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AMRS | Hot Stocks08:09 EST Amyris to acquire Costa Brazil brand, terms not disclosed - Amyris announces that it has entered into an agreement to acquire Costa Brazil. Amyris is accelerating its growth and market leadership in clean beauty with the addition of Costa Brazil to its family of consumer brands, including Biossance, Pipette, Rose Inc., JVN, and Terasana. With the acquisition of Costa Brazil, Amyris will appoint Francisco Costa as Chief Creative Officer of the company. A definitive agreement is expected to be signed by the end of March and, subject to customary closing conditions, the transaction is expected to close at that same time.
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AMTI | Hot Stocks08:09 EST Applied Molecular Transport doses patient in Phase 1a trial of AMT-126 - Applied Molecular Transport announced the first in human dosing in its Phase 1a clinical trial of oral AMT-126. The randomized, placebo controlled, single ascending dose Phase 1a trial is evaluating the safety, tolerability, pharmacodynamics and pharmacokinetics of AMT-126, a novel, gastrointestinal -selective oral fusion of human interleukin-22, in up to 50 healthy volunteers. "We have rapidly advanced into the clinic our second novel program leveraging our platform technology to create a pipeline of transformational oral biologic therapeutics with unique and differentiated profiles," said Tahir Mahmood, Ph.D., chief executive officer and co-founder of AMT. "Based on our important preclinical findings to date and similar to our lead program, AMT-101, an oral IL-10 fusion biologic therapy, AMT-126 has the potential to be another pipeline in a product for the company targeting both GI-focused and peripheral diseases. Advancing AMT-126 into the clinic further validates AMT's broad oral biologics technology platform and we look forward to generating additional pipeline products to address diseases with significant unmet needs. In addition to this recent progress with AMT-126, the company remains on track to announce oral AMT-101 top-line data readouts from the four Phase 2 trials from its comprehensive clinical program beginning in the second half of this year."
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TWLO | Hot Stocks08:08 EST Twilio to invest up to $750M in Syniverse to become significant minority owner - Syniverse and Twilio announced that they have entered into a partnership to accelerate the next wave of innovation in mobile communications and drive long-term growth. Additionally, the companies have signed a definitive agreement for Twilio to invest up to $750M million cash in Syniverse and become a significant minority owner of the Company. The Carlyle Group, Syniverse's current majority owner, will maintain its majority interest in Syniverse. Through this partnership, Syniverse will benefit from Twilio's breadth of experience serving Enterprise customers to capitalize on the next wave of growth in mobile communications. Syniverse will be even better positioned to serve its core Carrier customers and support continued innovation, customer service and long-term growth. Syniverse and Twilio will enter into a wholesale agreement whereby Syniverse will process, route and deliver application-to-person messages originating and/or terminating between Twilio's customers and mobile network operators. James Attwood, Executive Chairman of Syniverse said, "We are thrilled to enter into this partnership with Twilio, which we believe will accelerate our next phase of growth as the world's most connected company. The partnership will provide Syniverse access to Twilio's extensive enterprise and API services expertise, creating opportunities to continue to build on Syniverse's highly innovative product portfolio that helps mobile network operators and enterprises make communications better for their customers." "Twilio's vision is to build the world's leading customer engagement platform. As messaging becomes a preferred way for consumers to communicate with brands, Syniverse helps remove the complexity of the interconnected telecommunications ecosystem, so Twilio can provide best-in-class messaging services to its customers globally," said Chee Chew, Chief Product Officer at Twilio. "We have long been a Syniverse customer and are pleased to expand our relationship to provide reliable, scalable and rich two-way messaging for businesses and their customers."
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SOS | Hot Stocks08:07 EST SOS Limited responds to recent attack by short sellers - Management said, "SOS Limited was recently attacked by short sellers with distorted, misleading, and unsubstantiated claims regarding the company. The company also believes certain social media accounts of some company board members may have been impersonated or disabled for short periods of time. The company believes these attacks were purposefully designed to manipulate the price of the company's shares, with the aim of causing a stock price decline in order to economically benefit the short sellers, to the detriment of the company's public shareholders. SOS stands behind the integrity of the company and remains committed to maintaining transparency and the highest ethical principles. SOS reserves all rights that it may have against these short sellers and will defend itself vigorously against those behind these attacks and misleading allegations. The company is preparing a more detailed response to the false innuendo and lies that are being spread about the company. SOS looks forward to vigorously defending itself, addressing these matters and providing more information in the coming days."
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BLD | Hot Stocks08:07 EST TopBuild to acquire American Building Systems, terms not disclosed - TopBuild has entered into an agreement to acquire all of the assets and business of the American Building Systems Group of Companies. ABS, a residential insulation and distribution business founded in 1982, has 34 branches that primarily services the eastern United States. Major operations exist in Georgia, Virginia, the Carolinas, Florida, Massachusetts and New Jersey. Approximately 94% of ABS' $144 million of annual revenue is from installation of insulation and other building products, with the remaining 6% from distribution. The transaction, which has been approved by TopBuild's Board of Directors, is subject to customary closing conditions, including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The Company expects the transaction to close early in the second quarter of 2021.
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RYTM | Hot Stocks08:06 EST Rhythm Pharmaceuticals expects cash to fund operations through at least 2H23 - Based on its current operating plans, Rhythm expects that its existing cash, cash equivalents and short-term investments as of December 31, 2020, together with an aggregate of approximately $260.1 million in net proceeds from the February 2021 sale of its Rare Disease PRV and the February 2021 follow-on public offering, will be sufficient to fund its operating expenses and capital expenditure requirements through at least the second half of 2023.
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RYTM | Hot Stocks08:05 EST Rhythm Pharmaceuticals announces 2021 anticipated milestones - Rhythm expects to achieve the following milestones in 2021: Commercial and Regulatory Milestones: Make IMCIVREE commercially available in the United States for obesity due to POMC, PCSK1 and LEPR deficiencies in the first quarter of 2021. Obtain regulatory approval from the European Commission and make IMCIVREE commercially available in Europe in POMC, PCSK1 and LEPR deficiency obesities in the second half of 2021. Complete regulatory submissions to both the FDA and the EMA seeking marketing authorization for setmelanotide for the treatment of obesity in patient with BBS in the second half of 2021. Clinical Milestones: Initiate a Phase 2 clinical trial of setmelanotide in hypothalamic obesity in the first half of 2021. Announce new top-line data from the ongoing exploratory Phase 2 Basket Study evaluating setmelanotide in MC4R-recusable patients in the first half of 2021. Announce full data from the pivotal Phase 3 trial evaluating setmelanotide in Bardet-Biedl and Alstrom Syndromes in the first half of 2021. Initiate a Phase 2 clinical trial of setmelanotide in pediatric patients aged two to six years old in the second half of 2021. Pending FDA feedback, initiate a pivotal Phase 3 MC4R pathway trial of setmelanotide in patients with HET obesity, as well as SRC1 and SH2B1 deficiency obesities, in the second half of 2021. Initiate an expanded Phase 2 Basket Study of setmelanotide in patients with variants in one of 31 additional genes with strong or very strong MC4R pathway relevance in the second half of 2021. Initiate a Phase 3 potentially registration-enabling trial for the weekly formulation of setmelanotide in the second half of 2021.
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COMS | Hot Stocks08:03 EST COMSovereign Holding acquires Sky Sapience for approximately $12.7M - COMSovereign Holding announced the acquisition of Israel-based Sky Sapience, a top developer of fielded tethered aerial rotorcraft platforms for defense, homeland security and commercial markets. The total purchase price was approximately $12.7M, consisting of $2.7M in cash and 2.55M shares of common stock.
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TDG | Hot Stocks08:02 EST TransDigm to divest ScioTeq and TREALITY businesses to OpenGate for $200M - TransDigm Group announced it has entered into a definitive agreement to sell its ScioTeq and TREALITY Simulation Visual Systems businesses to OpenGate Capital in a transaction valued at approximately $200M. ScioTeq and TREALITY were acquired by TransDigm in March 2019 as part of the Esterline Technologies acquisition. The businesses develop and manufacture advanced visualization solutions primarily for the global defense, air traffic control, and security end markets. ScioTeq and TREALITY have approximately 450 employees and operate primarily from Belgium, with secondary locations in the United States. The businesses generated revenues of approximately $135M for the fiscal year ended September 30, 2020. The divestiture, which is subject to regulatory approvals and customary closing conditions, is expected to be completed during the third quarter.
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ENLV | Hot Stocks07:57 EST Enlivex Therapeutics, Mount Sinai Health System enter research collaboration - Enlivex Therapeutics and Mount Sinai Health System announced a new research collaboration for the development of clinical strategies for Allocetra with checkpoint inhibitors. Allocetra is a macrophage-reprogramming immunotherapy product candidate currently in clinical development by Enlivex for the potential treatment of life-threatening immune-mediated diseases. Under the strategic collaboration agreement, the parties have agreed to develop and execute a pre-clinical program to investigate the potential synergies between Allocetra and commercially approved checkpoint inhibitor therapies for select solid cancers. Allocetra is currently in clinical development for acute life-threatening immune-mediated diseases such as sepsis and COVID-19. Enlivex recently reported positive top-line results in 21 patients from Phase Ib and Phase II investigator-initiated trials in COVID-19 patients in severe/critical condition. The Company has also previously reported positive results from a Phase Ib investigator-initiated trial in 10 sepsis patients and plans to initiate a controlled, randomized, Phase IIb study in sepsis during the first quarter of 2021.
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VSEC | Hot Stocks07:54 EST VSE Corp. acquires HAECO Special Services - VSE Corporation announced that it has acquired HAECO Special Services from HAECO Airframe Services, a division of HAECO Americas, in an all cash transaction. HSS is a leading provider of fully integrated MRO support solutions for military and government aircraft. HSS offers scheduled depot maintenance, contract field deployment and unscheduled drop-in maintenance for a U.S. Department of Defense contract specifically for the sustainment of the U.S. Air ForceKC-10 fleet. The experienced workforce of HSS includes nearly 280 employees operating from two hangar locations in Greensboro, North Carolina. "We are excited to welcome the outstanding HAECO Special Services team to VSE," stated John Cuomo, President and CEO of VSE Corporation. "This transaction further expands our value-added suite of MRO solutions available to military customers, while positioning us to capitalize on higher-margin technical service opportunities. HSS' operating income and cash flow profile, strong backlog and contract diversification efforts are highly complementary to our Federal & Defense Services business and strategy, positioning us to further support military and government customers with on-demand MRO support for aging, mission-critical assets."
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OPGN | Hot Stocks07:53 EST OpGen wins Chinese NMPA approval for Curetis Unyvero System - OpGen announced that it has recently received regulatory approval of the Curetis Unyvero System as an in vitro diagnostics instrument system in China from the Chinese authorities. The Medical Device Registration Certificate has been issued under the Registration number 20213220019. Since filing the submission dossier for the complete Unyvero System, consisting of the Unyvero A50 Analyzer, the Unyvero L4 Lysator and the Unyvero C8 Cockpit in February 2019, NMPA has been actively engaged in an interactive review process with OpGen's subsidiary Curetis and its Chinese partner Beijing Clear Biotech prior to this approval decision. The parties continue to interact closely with the NMPA during the interactive review of the submission and filing for the Unyvero A50 pneumonia cartridge as their first Unyvero-based diagnostic application for the Chinese market. A dossier for the review and potential future approval of the pneumonia cartridge was submitted in February 2019, which includes comprehensive data from various clinical trials and regulatory submissions of the Unyvero LRT and LRT BAL products and the Unyvero HPN cartridge for hospitalized pneumonia patients. Timelines for NMPA response submissions and review had been extended by several months in 2020 due to the COVID-19 pandemic. The start of commercialization of the Unyvero platform in China remains subject to also getting approval of the pneumonia cartridge. OpGen's subsidiary Curetis and BCB are parties to an exclusive multi-year distribution agreement for the Unyvero platform and cartridges in China. Once NMPA approves the products, BCB has agreed to contractual minimum purchases of 360 Unyvero systems and more than 1.5 million cartridges cumulative over an 8-year exclusivity period which at current transfer prices between the parties is expected to amount to approximately $180 million in revenue to OpGen at current exchange rates.
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FLXN | Hot Stocks07:51 EST Flexion announces FDA clearance for FX301 IND application - Flexion Therapeutics announced the U.S. Food and Drug Administration cleared the Investigational New Drug application for FX301, a locally administered NaV1.7 inhibitor known as funapide, formulated for extended-release in a thermosensitive hydrogel. The selective pharmacology of funapide holds the potential to provide effective non-opioid pain relief for at least 3 to 5 days, while preserving extremity motor function which is typically compromised by local anesthetic peripheral nerve block. The FDA's clearance of the IND was supported by key preclinical data developed by Flexion and extensive clinical data associated with previous clinical trials investigating funapide in other indications. In a validated preclinical model of post-operative pain, FX301 administered as a peripheral nerve block demonstrated analgesic effect beginning at 1 hour post-dosing compared to placebo and significantly greater analgesic effect compared to liposomal bupivacaine at 36 hours post-dosing. Data from the study also indicated that treatment with FX301 did not significantly affect total walking distance in animals at 2 and 24 hours post-injection, whereas animals treated with liposomal bupivacaine experienced a significant reduction in total walking distance at those time points. Flexion plans to initiate a Phase 1b proof of concept clinical trial of FX301 administered as a popliteal fossa block in patients undergoing bunionectomy and expects to treat the first patient in the first half of this year. Topline results from the trial are anticipated in late 2021.
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ARWR | Hot Stocks07:51 EST Arrowhead files IND to start study of ARO-APOC3 to treat hypertriglyceridemia - Arrowhead Pharmaceuticals announced that it has submitted an Investigational New Drug Application to the U.S. Food and Drug Administration for ARO-APOC3, the company's investigational RNA interference therapeutic being developed as a treatment for patients with hypertriglyceridemia. Javier San Martin, M.D., chief medical officer at Arrowhead, said: "There is a clear need for new therapies that can reduce triglycerides across multiple patient populations, including those with the most severe elevations that can lead to recurrent bouts of pancreatitis. In the initial clinical study of ARO-APOC3, which we presented at the American Heart Association meeting last fall, triglycerides were lowered by up to 92% after just two doses. Based on these highly promising results, we intend to conduct Phase 2b and Phase 3 clinical studies across a wide spectrum of patient populations, pending review by regulators." Following the FDA's review of the IND, the company intends to initiate a Phase 2b dose-finding clinical study in patients with severe hypertriglyceridemia. Additional clinical studies planned in 2021 include a Phase 2b dose-finding clinical study in patients with mixed dyslipidemia and a Phase 3 clinical study in patients with familial chylomicronemia syndrome .
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SSYS | Hot Stocks07:51 EST Stratasys expects Q1 revenue to track similarly to 1Q20 - Sees Q2 revenue up mid-teens percentage range. Sees FY21 operating expense $25M higher than FY20. Sees FY21 capital expenditures $24M-$30M.
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FIXX NVS | Hot Stocks07:50 EST Homology Medicines regains worldwide rights to ophthalmology program - Homology Medicines (FIXX) announced it has regained worldwide exclusive rights from Novartis (NVS) to research, develop, manufacture and commercialize Homology's proprietary nuclease-free gene editing technology platform for an ophthalmic target. Following a portfolio review, Novartis decided to conclude the collaboration and licensing agreement with Homology to pursue other opportunities in their pipeline. The companies are co-authors on an upcoming scientific abstract that highlights the results of studies which showed that human hematopoietic stem cell-derived adeno-associated virus vectors transduced relevant cell types after sub-retinal injection, supporting a nuclease-independent approach to editing across two targets. In addition, the data showed AAVHSCs crossed the blood-brain and blood-retinal barriers in non-human primates following I.V. administration.
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STSA | Hot Stocks07:47 EST Satsuma Pharmaceuticals announces $80M private placement financing - Satsuma Pharmaceuticals announced that it has agreed to sell 14,084,507 shares of its common stock to certain institutional investors in a private investment in public equity financing. The Company anticipates gross proceeds from the PIPE will be approximately $80 million, before deducting fees to the placement agents and other estimated offering expense payable by the Company, based on the offering price of $5.68 per share, the last reported sale price of our common stock on The Nasdaq Global Market on February 26, 2021. The financing was led by Commodore Capital and New Enterprise Associates, L.P. with participation from new and existing investors including RA Capital Management, Vivo Capital, Samlyn Capital, Surveyor Capital, Aspire Capital Fund, funds managed by Ghost Tree Capital Group, LP, Point72 Asset Management and Logos Capital as well as Satsuma co-founder, Shin Nippon Biomedical Laboratories, Ltd. The financing is subject to standard closing conditions and the Company anticipates the closing to occur on March 3, 2021. In addition the financing was executed in compliance with applicable Nasdaq rules and priced at the "Minimum Price".
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CSGP CLGX | Hot Stocks07:46 EST CoStar Group submits revised proposal to acquire CoreLogic for $90.00 per share - CoStar Group (CSGP) delivered a letter to the board of CoreLogic (CLGX) setting forth the terms of a revised proposal by CoStar Group to acquire 100% of the equity interests of CoreLogic. Under the terms of the new proposal, CoreLogic shareholders would receive $6.00 per share in cash and 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of approximately $90 per share based on CoStar Group's closing share price on February 26 and approximately $97 per share based on the latest 30-day volume-weighted average CoStar share price. The new offer represents a $17 per share improvement over the Stone Point and Insight offer, which is equivalent to over $1.25B more in aggregate value. The Stone Point and Insight offer now represents a 6% discount to CoreLogic's latest closing price of $84.66, while the CoStar Group offer represents a 15% premium and implies pro forma diluted ownership of approximately 16.2% in the combined entity and $450M in cash for current CoreLogic stockholders. The company said, "Our response conclusively constitutes a "Superior Proposal" under the terms of the SPC Agreement. We are confident that after consultation with your outside legal counsel and financial advisors and considering all legal, regulatory and financing aspects that you deem appropriate, that our revised proposal described herein is more favorable, from a financial point of view, to CoreLogic's stockholders than the transactions contemplated by the SPC Agreement."
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CIGI | Hot Stocks07:46 EST Colliers to settle incentive arrangement, eliminate dual voting structure - Colliers International Group announced that it has entered into an agreement with Jay S. Hennick, the Company's Chairman & CEO and largest voting shareholder, pursuant to which disinterested holders of Colliers' Subordinate Voting Shares will be given an opportunity to approve a transaction to settle the Management Services Agreement, including the long-term incentive arrangement, originally entered into on February 1, 2004, between the Company, Mr. Hennick and Jayset Management CIG Inc., a corporation controlled by Mr. Hennick. In addition, the Transaction will establish an orderly timeline for the elimination of Colliers' dual class voting structure by no later than September 1, 2028. The LTIA included in the MSA with Mr. Hennick was established seventeen years ago to replace all stock options and other compensation entitlements to which he would otherwise be entitled, a plan consistent with similar arrangements in place at the time designed to incentivize entrepreneurial founders/CEOs to create long-term value for shareholders. The arrangement achieved the intended result, with the market capitalization of Colliers increasing by over US$3.8 billion since 2004, representing an annualized compounded return to shareholders of approximately 18% to the end of 2020. Over the past several years, the Board of Directors of Colliers regularly considered the financial and other implications of continuing with the MSA, including the LTIA, as the Company continued to grow. In late 2020, the members of the Board of Directors indicated to Mr. Hennick that they wished to evaluate the potential termination of the LTIA and thereby limit the future growth in value of this arrangement and to allow the Company to complete certain types of transactions, including additional equity offerings without being impacted by the LTIA. Mr. Hennick suggested he was prepared to receive a proposal from Colliers in this regard provided it was fair and in the best interests of all concerned. As a result, the Board of Directors established a special committee. Following a rigorous independent review process, including receipt of advice from independent legal and compensation advisors, the Special Committee unanimously recommended the Transaction to the Board of Directors, who unanimously approved it. As part of the Transaction: Colliers will acquire all of the shares of HennickCo, the recipient of all fees and other entitlements under the MSA, for a purchase price determined with reference to the LTIA formula provided in the MSA, and thereafter terminate the existing MSA; Colliers and Mr. Hennick will enter into a new five-year management services agreement, with mutual one-year renewal options thereafter pursuant to which Mr. Hennick will continue to provide services to Colliers as, at his option, the Chief Executive Officer and/or Executive Chairman. The New MSA will be substantially similar to the current MSA, except that there will be no entitlement to a LTIA, stock options or other equity-linked compensation; Mr. Hennick and Henset Capital Inc.will enter into a new trust agreement relating to the Multiple Voting Shares controlled by them, providing that such Multiple Voting Shares will convert into Subordinate Voting Shares on a one-for-one basis and for no additional consideration or premium upon the earliest to occur of: The date that the sum of the number of Multiple Voting Shares and Subordinate Voting Shares beneficially owned by Henset Capital Inc. and Mr. Hennick, together with their associates and affiliates, is less than 4,000,000; 24 months after the date the New MSA is terminated as a result of Mr. Hennick's death, disability, voluntary resignation or the occurrence of certain other specific events contained in the New MSA; and September 1, 2028; Colliers will: pay US$95.0 million in cash in satisfaction of 20% of the purchase price; and issue a total of 3,572,858 Subordinate Voting Shares in satisfaction of 80% of the purchase price. The total purchase price was determined by applying the formula provided in the existing MSA for the LTIA using a price of US$106.40 per share. The Transaction is subject to the approval of a majority of the disinterested holders of Subordinate Voting Shares at an Annual and Special Meeting of Shareholders to be held on April 14, 2021 at 11:00 a.m.. It is also subject to customary closing conditions, including lender approval and receipt of all other third party and regulatory consents and approvals, including from the Toronto Stock Exchange and NASDAQ.
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ANNX | Hot Stocks07:41 EST Annexon initiates Phase 2 ARCHER trial of ANX007 - Annexon announced that patient dosing has begun in its Phase 2 ARCHER study of its anti-C1q therapy, ANX007, to treat Geographic Atrophy. GA, also known as atrophic age-related macular degeneration or dry AMD, can lead to blindness caused by damaged and dying retinal cells. Currently, there are no approved treatment options to prevent onset or progression of GA.
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CERC MESO | Hot Stocks07:41 EST Cerecor appoints Schond Greenway as CFO - Cerecor (CERC) announced the appointment of Schond Greenway as CFO, effective March 1, 2021. Chris Sullivan, who has served as the Company's Interim CFO for the past year, will continue with the Company as its CAO. Greenway joins Cerecor from Mesoblast (MESO), an allogeneic cellular medicines company, where he served as Vice President, Investor Relations. In connection with the appointment of Mr. Greenway and in accordance with the terms of his employment agreement with the Company, Cerecor's Board of Directors approved the grant to Mr. Greenway of a non-qualified stock option awarded to purchase 500,000 shares of its common stock, vesting over four years, with a twelve-month cliff, such that the first 25% will vest on the first anniversary following Mr. Greenway's start date with the Company, and the remainder will vest in equal monthly installments over the following three years, in each case, subject to continued employment with the Company through the applicable vesting date.
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EQX | Hot Stocks07:39 EST Equinox Gold acquires additional 10% of Hardrock Project in Ontario, Canada - Equinox Gold is pleased to announce that the company has entered into an agreement with an affiliate of the Orion Mine Finance Group to acquire 10% from Orion's current interest in the Hardrock Mine Project for consideration of $51M plus certain contingent payment obligations. The Hardrock Project is a multi-million-ounce, fully permitted, construction-ready gold project located in Ontario, Canada and currently owned 50% by Orion and 50% by Premier Gold Mines Limited. Equinox Gold will acquire a 50% interest in the Hardrock Project upon completion of the company's pending acquisition of Premier, as announced on December 16, 2020, and will subsequently increase its interest to 60% upon completion of the Hardrock Transaction. Orion will hold a 40% interest in the Hardrock Project. Terms of the Hardrock Transaction include: Payment on closing of $51M, of which up to $41M can be paid in shares of Equinox Gold, at Equinox Gold's option; and Assumption of certain contingent payment obligations comprising: $5M in cash 24 months after a positive mine construction decision for the Hardrock Project; and delivery of approximately 2,200 ounces of refined gold, the cash equivalent value of such refined gold, or a combination thereof, after production milestones of 250,000 ounces, 500,000 ounces and 700,000 ounces from the Hardrock Project. The Hardrock Transaction is subject to closing of Equinox Gold's acquisition of Premier, which was approved by Premier shareholders on February 23 and is expected to close in March, subject to regulatory and court approvals and customary closing conditions.
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SOFO | Hot Stocks07:38 EST Sonic Foundry CFO Kelsy Boyd resigns - Sonic Foundry announced that Kelsy Boyd, the company's CFO has chosen to step away from the business for personal reasons. Boyd is committed to an organized transition of her duties through April 2, 2021. The company has appointed long-standing former employee Ken Minor, who served as Sonic Foundry CFO from 1997 to 2020, as interim CFO. Minor will work closely with CEO Joe Mozden Jr. to oversee Sonic Foundry's financial strategy.
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FMC | Hot Stocks07:37 EST FMC Corporation announces collaboration with UPL Ltd. for Rynaxypyr - FMC Corporation announced that it has entered into a strategic collaboration with UPL Ltd., a global provider of sustainable agriculture products and solutions, to expand access of Rynaxypyr active to growers around the world and increase the manufacturing capacity for this critical molecule. Under the multi-year agreement, FMC will provide UPL access to products containing Rynaxypyr active for distribution in select markets. In the future, FMC will supply Rynaxypyr active to UPL for use in product formulations developed and marketed by UPL around the world. Additionally, UPL will toll manufacture Rynaxypyr active for FMC in India for the India market. This arrangement will significantly increase FMC's manufacturing footprint and capacity for Rynaxypyr active, expanding FMC's ability to supply the growing demand.
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VBLT | Hot Stocks07:37 EST VBL Therapeutics announces patient dosing in VB-111 trial - VBL Therapeutics announced that patient dosing has been initiated in a Phase 2 clinical trial investigating ofranergene obadenovec for the treatment of recurrent glioblastoma multiforme. The study is sponsored by Dana-Farber Cancer Institute and is being conducted through a collaboration between VBL and seven leading neuro-oncology medical centers in the U.S. The Phase 2 study is enrolling patients with rGBM who are scheduled to undergo a second surgery. VB-111 will be administered either before and after surgery or after surgery only and each arm will be compared to a standard of care control arm. In addition to endpoints of progression-free survival at 6 months and overall survival, collection of tumor specimens will allow important analysis of the activity of VB-111 within the tumor and will evaluate its effect on the immune system in this immunologically 'cold' tumor.
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CLNN | Hot Stocks07:36 EST Clene Nanomedicine awarded grant to accelerate development on CNM-Au8 - Clene announced that its wholly owned subsidiary Clene Nanomedicine was awarded a new grant by The Michael J. Fox Foundation for Parkinson's Research to accelerate the development of CNM-Au8, its lead neuroreparative nanocatalyst, as a treatment for Parkinson's disease. The MJFF funding will support preclinical studies in two complementary models of PD that will be led by Dr. Karen Ho, head of translational medicine at Clene, in collaboration with Prof. Michela Deleidi, Helmholtz Young Investigator at the German Center for Neurodegenerative Diseases; and Dr. James Koprich, chief scientific officer of Atuka, Inc. The project will further evaluate the effects of CNM-Au8 on the survival and bioenergetic profiles of human PD patient dopaminergic neurons in the presence of PD-related neurotoxins and characterize the effects of CNM-Au8 on motor behaviors and neuronal survival in an animal model of PD, both of which will facilitate the advancement of CNM-Au8 into Phase 2 efficacy trials in PD patients. PD is a progressive disorder of the central nervous system that affects approximately seven million patients globally. There are no disease modifying treatment options available for PD patients, as current therapies only address symptoms of the disease. The potential of CNM-Au8 to address this unmet need is highlighted by interim Phase 2 data from the REPAIR-PD trial showing significant CNS target engagement of CNM-Au8 and improvements across key CNS bioenergetic metabolites in PD patients. These data are further supported by preclinical results suggesting that CNM-Au8 improves the survival of dopaminergic neurons and thereby may slow PD progression. Clene expects to launch a Phase 2 trial evaluating the safety and efficacy of CNM-Au8 in PD patients by year-end. The Company also expects to report topline data from the REPAIR-PD target engagement study in the second half of 2021.
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LGHL | Hot Stocks07:36 EST Lion Group announces sponsorship of SPAC company - Lion Group announced that one of its subsidiaries, Lion Wealth Management Limited, will cooperate with Constant Epoch Technology Development Limited, an investment and R&D company focusing on innovative technology sector, and Ruoxi Ltd., a company holding various investments in internet, technology, finance, healthcare and other industries, to form a SPAC company -- Skyline I Acquisition Corp. Wilson Wang, CEO of Lion, will be the CEO and Director of Skyline I Acquisition. Yipeng Huang, co-founder and CFO of Constant Epoch, will serve as a Director of Skyline I Acquisition. Jun Yang, founder and board chairman of Ruoxi, will also serve as a Director of Skyline I Acquisition.
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ATNX | Hot Stocks07:35 EST Athenex trading resumes
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MATN | Hot Stocks07:35 EST Mateon Therapeutics, Windlas publish PulmoHeal clinical data - Mateon Therapeutics and Windlas Biotech announced the publication of ARTI-19 in peer-reviewed journals. ARTI-19 is "A Prospective, Randomized, Multi-center, Open-label, Interventional Study to Evaluate the Safety and Efficacy of Artemisinin 500 mg capsule in Treatment of Adult Subjects with COVID-19".
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BTAI | Hot Stocks07:34 EST BioXcel Therapeutics appoints June Bray to board of directors - BioXcel Therapeutics announced the appointment of June Bray to its Board of Directors. Ms. Bray most recently served as Senior Vice President, Global Regulatory Affairs and Medical Writing at Allergan.
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MNKD | Hot Stocks07:32 EST MannKind announces proposed private placement of convertible senior notes - MannKind Corporation announced that it intends to offer, subject to market conditions and other factors, $150.0 million aggregate principal amount of Convertible Senior Notes due 2026 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. MannKind also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $22.5 million aggregate principal amount of notes. The notes will be general unsecured obligations of MannKind and will accrue interest payable semiannually in arrears. Upon conversion, MannKind will pay or deliver, as the case may be, cash, shares of MannKind's common stock or a combination of cash and shares of MannKind's common stock, at its election. The interest rate, initial conversion rate and other terms of the notes will be determined at the time of pricing of the offering. MannKind intends to use the net proceeds from this offering for working capital and other general corporate purposes, including a Phase 3 clinical trial of Afrezza in pediatric subjects and further development of product candidates in MannKind's pipeline. MannKind may use a portion of the proceeds from this offering to pay down a portion of existing debt or for acquisitions or strategic investments in complementary businesses or technologies, although MannKind does not currently have any plans for any such debt repayment, acquisitions or investments.
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NXPI | Hot Stocks07:31 EST NXP Semiconductors announces expansion of EdgeVerse portfolio - NXP Semiconductors announces the expansion of its EdgeVerse portfolio with its crossover applications processors, including i.MX 8ULP and i.MX 8ULP-CS Microsoft Azure Sphere-certified families, as well as next-generation i.MX 9 series of high performance intelligent applications processors. The expansion includes new innovations with EdgeLock secure enclave to enhance edge security and Energy Flex architecture to maximize energy efficiency.
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STSA | Hot Stocks07:29 EST Satsuma Pharmaceuticals plans to begin STS101 Phase 3 trial in mid-2021 - Satsuma Pharmaceuticals announced an update to the development plan for STS101, an investigational acute treatment for migraine. The updated STS101 development plan includes a new Phase 3 efficacy trial, which the Company anticipates initiating in mid-2021, with topline results expected in the second half of 2022. The new Phase 3 trial takes into account findings from the EMERGE pivotal study in which STS101 showed numerical differences in favor of STS101 5.2 mg and 3.9 mg versus placebo but did not achieve statistical significance versus placebo on the co-primary endpoints of freedom from pain and most bothersome symptom at two hours post-administration. In addition, the Company plans to explore dose strengths greater than 5.2 mg by conducting a Phase 1 trial in the second quarter of 2021 to evaluate the pharmacokinetics, safety, and tolerability of STS101 5.2 mg and two higher dose strengths. The Company plans to select the STS101 dose strength to utilize in its next Phase 3 efficacy trial based on the results of this Phase 1 trial. Satsuma also announced that it has entered into a securities purchase agreement with existing and new investors for an $80M private placement financing. The Company believes that net proceeds from the private placement financing, together with its existing cash, cash equivalents and short-term investments of $68.2M as of December 31, 2020, will be sufficient to fund company operations into the second half of 2023. The Company is holding a conference call this morning to discuss its updated STS101 development plan, as well as preliminary results to date from the ongoing open-label ASCEND long-term safety trial of STS101 5.2 mg, and a synopsis of key EMERGE trial findings. On September 10, 2020, the Company announced topline results from the EMERGE Phase 3 efficacy trial of STS101. As detailed in the table below, although topline data showed numerical differences in favor of STS101 3.9 mg and 5.2 mg versus placebo on the pre-specified co-primary endpoints of freedom from pain and freedom from most bothersome symptom at two hours post-administration, these differences did not achieve statistical significance for either dose strength. Both dose strengths of STS101 did, however, demonstrate significant effects on both freedom from pain and most bothersome symptom endpoints by three hours post-dose and later time points. Consistent with the safety and tolerability results to date observed in other STS101 clinical trials, including the ongoing ASCEND open-label, long-term safety trial, both STS101 dose strengths were well-tolerated in the EMERGE trial, with low adverse event rates and no drug-related serious adverse events reported. Based on its analyses, the Company believes it has identified, and is taking steps to address in the new Phase 3 efficacy trial, the key reasons that STS101 did not achieve statistical significance versus placebo on the co-primary endpoints in the EMERGE trial. As of February 23, 2021, the Company has enrolled more than 275 subjects in its ongoing ASCEND open-label, long-term safety trial who have treated a total of more than 2,200 migraine attacks with STS101 5.2 mg. STS101 5.2 mg has been been well-tolerated to date in the ASCEND trial, with low adverse event rates and no drug-related serious adverse events reported. In addition, the Company believes that, based on the preliminary results from the ASCEND open-label, long-term safety trial, STS101 5.2 mg demonstrates anti-migraine activity at the two-hour time point. Anticipated STS101 development milestones: Second Quarter 2021 - Complete Phase 1 safety and pharmacokinetic study with STS101 5.2 mg and two higher dose strengths. Mid-2021 - Initiate second STS101 Phase 3 efficacy trial. Second Half 2022 - Read out topline results from second Phase 3 efficacy trial. Fourth Quarter 2022 - File STS101 NDA .
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MMS | Hot Stocks07:27 EST Maximus acquires Federal division of Attain for $430M - Maximus that it completed the acquisition of the Federal division of Attain. The contracted purchase price of $430M is subject to certain reductions and adjustments. Privately-owned Attain serves the U.S. Federal Government, with a strong reputation as an innovator with unparalleled technology services such as artificial intelligence and machine learning to support the mission-critical objectives of numerous federal agencies. The acquisition is a natural fit and logical next step in furthering two core pillars of Maximus' long-term corporate strategy including accelerating digital transformation and the ongoing expansion into the U.S. federal market, which is a priority growth area. Attain Federal will also benefit from Maximus' experience serving federal government clients, its desirable contract vehicles, as well as its leadership position in driving digital transformation for government. "This acquisition is another milestone in our digital transformation and growth journey. We welcome the employees of Attain Federal, who are leaders in delivering robust technology solutions for government. Both Maximus and Attain share a common purpose to help deliver outcomes that matter to our government customers through a holistic, agile, secure, and customer-centric approach," commented Bruce Caswell, President and Chief Executive Officer of Maximus. "Our M&A strategy remains keenly focused on enabling us to build long-term, sustainable, organic growth by continuing to build scale, enhance our clinical and digital capabilities, and extend into new areas. We believe this is an optimal path to enhancing long-term shareholder value."
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NTN | Hot Stocks07:27 EST NTN Buzztime board urges shareholders to vote for proposed merger, asset sale - The board of directors of NTN Buzztime unanimously urges NTN's stockholders to vote FOR ALL the proposals to be voted on at the March 15 special meeting of stockholders, all of which relate to the proposed merger involving NTN and Brooklyn ImmunoTherapeutics and the proposed sale of NTN's assets to eGames.com Holdings.
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MORF | Hot Stocks07:26 EST Morphic Holding reports interim results from Phase 1 trial of MORF-057 - Morphic Therapeutic announced positive interim results from its Phase 1 clinical trial of MORF-057, an oral small molecule inhibitor of the alpha4beta7 integrin in development for the treatment of inflammatory bowel disease. alpha4beta7 inhibition for the treatment of IBD is a clinically validated biologic mechanism but with no currently available oral treatment options. This single ascending dose clinical trial was designed to evaluate the safety, pharmacokinetics, and pharmacodynamics of MORF-057 in healthy volunteers. In the Phase 1 SAD trial, MORF-057 was well tolerated in all 5 cohorts receiving MORF-057 in single doses ranging from 25 mg to 400 mg with no serious adverse events and no significant lab abnormalities in any subject. In the study, MORF-057 exhibited a generally dose proportional and predictable pharmacokinetic profile. The key pharmacodynamic measurement in the trial was receptor occupancy, which indicated the percentage of alpha4beta7 bound by MORF-057 12 hours after the dose. MORF-057 achieved greater than 95% mean alpha4beta7 RO across the three highest dose cohorts, including the observation of greater than99% RO in subjects in each cohort above 25mg. These single dose data demonstrate the potential that MORF-057 will be able to maintain saturating levels of receptor occupancy following twice daily oral administration. MORF-057 was specifically designed to be highly selective for alpha4beta7 and not alpha4beta1, a related integrin. Notably, we did not observe quantifiable levels of alpha4beta1 RO in the study.
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AGIO | Hot Stocks07:25 EST Agios Pharmaceuticals submits supplemental NDA to FDA for TIBSOVO - Agios Pharmaceuticals announced that it has submitted a Supplemental New Drug Application to the U.S. Food and Drug Administration for TIBSOVO as a potential treatment for patients with previously treated isocitrate dehydrogenase 1 mutated cholangiocarcinoma. Agios has requested priority review for the application, which, if granted, could result in a six-month review process. The sNDA submission is supported by data from the ClarIDHy study, the first and only randomized Phase 3 trial for previously treated IDH1-mutated cholangiocarcinoma. Data from the study were previously presented at the European Society for Medical Oncology Congress, held in September 2019 in Barcelona, Spain, and published in The Lancet Oncology on May 13, 2020. A final analysis of the data was featured in an oral presentation at the American Society of Clinical Oncology Gastrointestinal Cancers Symposium on January 17, 2021.
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SSKN | Hot Stocks07:24 EST Strata Skin Sciences appoints Robert Moccia as president, CEO - STRATA Skin Sciences announced Robert Moccia has been appointed President and CEO and a member of the board, effective March 1, 2021. Effective February 28, 2021, Dolev Rafaeli, Ph.D., stepped down as President and CEO and as a member of the board. Most recently Moccia served as President, CEO and co-Founder of Encore Dermatology.
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DAN | Hot Stocks07:23 EST Dana acquires Pi Innovo LLC, terms not disclosed - Dana announced that it has acquired Pi Innovo LLC, a leader in embedded software solutions and electronic control units to support the light vehicle, commercial vehicle, and off-highway markets. Dana previously held a non-controlling interest.
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ATNX | Hot Stocks07:22 EST Athenex expects cash to fund operations into 2Q22 - In terms of product sales guidance, the Company is limiting financial guidance to only the existing product portfolio, which excludes any proprietary products, until meaningful sales data from the proprietary product Klisyri becomes available. In 2020, the Company recorded a significant amount of revenues from international customers as a result of the global pandemic. However, the Company does not see these revenues as recurring in nature, while it has been continuing to expand its product portfolio. The Company currently expects its product sales in 2021, excluding any royalties from Klisyri, to be in line with 2020 levels. The Company expects that its cash, cash equivalents, restricted cash, and short-term investments as of December 31, 2020, will enable it to meet its current operational liquidity needs and fund operations into the second quarter of 2022. The Company's estimates are based on relevant conditions that are known and reasonably knowable at the date of these consolidated financial statements being available for issuance, and are subject to change due to changes in business, industry or macroeconomic conditions. The cash runway described above does not reflect additional funding available through the existing Senior Credit Agreement with Oaktree, or the Revenue Interest Financing Agreement with Sagard.
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ATNX | Hot Stocks07:21 EST Athenex announces key anticipated future milestones - Key Anticipated Future Milestones: Request a meeting with the FDA to discuss and align on next steps to obtain approval for oral paclitaxel plus encequidar in metastatic breast cancer; Identify and undertake appropriate adjustments for the company pending the outcome of the FDA meeting; Begin expansion portion of the oral paclitaxel plus pembrolizumab Phase I trial; Present the oral paclitaxel plus pembrolizumab Phase I trial data at a medical conference in 2021; Anticipate EMA approval of Klisyri in 2021; TCR-T NY-ESO-1 IRB approval and initiate P1 trial enrollment in 1H 2021; Anticipate results from the I-SPY 2 trial of oral paclitaxel plus anti PD-1 in 2022.
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QURE | Hot Stocks07:19 EST uniQure expects cash to fund operations into 2H22 - As of December 31, 2020, the Company's cash position was $244.9 million, which together with the Company's current debt facility, is expected to fund operations into the second half of 2022. This does not include any financial impact associated with the pending collaboration and license agreement with CSL Behring. Assuming the receipt from CSL Behring of the $450 million payment due at the closing of the transaction, the Company expects cash and cash equivalents will be sufficient to fund operations into the second half of 2024.
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AVRO | Hot Stocks07:17 EST Avrobio receives orphan drug designation for AVR-RD-04 from EC - Avrobio announced that the European Commission, or EC, has granted orphan drug designation for AVR-RD-04, the company's investigational gene therapy for the treatment of cystinosis. AVR-RD-04 consists of the patient's own hematopoietic stem cells, genetically modified to express cystinosin, the protein that is deficient in patients with cystinosis. AVR-RD-04 is currently being evaluated in a Phase 1/2 clinical trial sponsored by Avrobio's academic collaborator at the University of California, San Diego.
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OCUL | Hot Stocks07:17 EST Ocular Therapeutics says 1st patient dosed in phase 2 clinical trial of OTX-DED - Ocular Therapeutix announced that it has dosed the first patient in its Phase 2 clinical trial of OTX-DED, dexamethasone intracanalicular ophthalmic insert, for the short-term treatment of the signs and symptoms of dry eye disease. "We are excited to have recently begun dosing patients in the Phase 2 clinical trial of OTX-DED," said Michael Goldstein, MD, MBA, President, Ophthalmology and Chief Medical Officer. "Many dry eye patients experience episodic flares of their signs and symptoms related primarily to inflammation. Topical steroids are commonly used for the short-term treatment of dry eye but all of them contain preservatives that can lead to ocular surface toxicities such as itching and stinging and, when used more chronically, other adverse events such as elevated intraocular pressure or cataracts. OTX-DED is a new, investigational, physician-administered, preservative-free intracanalicular insert designed to deliver either 0.2 or 0.3 mg doses of dexamethasone that has the potential to provide effective treatment with fewer of those toxicities and adverse events. Along with OTX-CSI, our cyclosporin-containing intracanalicular insert, we now have two potentially transformative dry eye product candidates in Phase 2 development, one to chronically treat dry eye disease and the other to acutely treat dry eye disease, thereby effectively covering the broad spectrum of the approximately $5 billion global dry eye disease market." The Phase 2 clinical trial is a U.S.-based, randomized, double-masked, vehicle-controlled, multi-center trial evaluating two different-strength formulations of OTX-DED (dexamethasone intracanalicular ophthalmic insert) in a total of approximately 150 subjects with dry eye disease. This trial is designed to assess the safety and efficacy of these two formulations of OTX-DED for the short-term treatment of signs and symptoms of dry eye disease by evaluating bulbar conjunctival hyperemia, corneal fluorescein staining eye dryness symptoms using visual analog scale , and other secondary endpoints in comparison with a matched vehicle control hydrogel insert.
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HOLX | Hot Stocks07:15 EST Hologic acquires Diagenode for $159M, sees accretion after FY22 - Hologic announced that it has acquired Diagenode, a privately held, European developer and manufacturer of molecular diagnostic assays and epigenetics products, for approximately $159M, subject to working capital and other customary closing adjustments. Diagenode offers more than 30 real-time PCR tests that are CE-marked for the detection of bacteria, parasites and viruses involved in sexually transmitted infections, respiratory diseases, meningitis and gastroenteritis. Diagenode previously collaborated with Hologic to develop Panther Fusion assays for group B Streptococcus and Bordetella. Diagenode is also playing a role in epigenetics with a portfolio of devices, kits, reagents, antibodies and services to aid in the analysis of DNA and RNA. Diagenode generated more than $30M of revenue in the last 12 months. The acquisition is expected to be approximately break-even to Hologic's non-GAAP earnings per share through fiscal 2022, and accretive thereafter.
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ASTE | Hot Stocks07:15 EST Astec reports overall headcount reduction of approx. 8.5% since 4Q19 - The company said, "We have implemented additional actions to help mitigate the financial and operational impacts of COVID-19, including reducing expenses and conserving cash. These actions include: Overall headcount reduction of approximately 8.5% since fourth quarter of 2019; Discretionary spending reductions; Working capital management to ensure efficient accounts receivable processing with our customers." CEO Ruffalo continued, "In the midst of the economic challenges faced in 2020, the Astec team was exceptional and made great progress with respect to our efforts to Simplify, Focus and Grow the business. This year was a testament to our dedication and ability to perform well throughout cycles as we increased margins despite the decline in revenue. We have significantly strengthened our foundation this year and are well-positioned for future growth with a streamlined organizational structure, a strong balance sheet and ample liquidity. I want to thank the entire Astec team for their hard work and continued focus on our core values to serve our customers, especially during a challenging year. Looking ahead to 2021, we will continue to build upon our positive momentum from 2020 and further transform our business to become an even stronger and more resilient organization with continued focus on operational and commercial excellence, profitable growth and long-term stakeholder value creation."
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ARVN | Hot Stocks07:13 EST Arvinas announces anticipated milestones, expectations - Anticipated Milestones and Expectations: ARV-471: Completion of the Phase 1 dose escalation 1H21; Presentation of completed Phase 1 dose escalation data 2H21; Announcement of safety data from the Phase 1b trial in combination with Ibrance 2H21; Initiation of a window of opportunity study in adjuvant breast cancer 2H21; Initiation of a combination trial of ARV-471 and another targeted therapy in 2L/3L metastatic breast cancer 2H21. ARV-110: Completion of the Phase 1 dose escalation 1H21; Presentation of completed Phase 1 dose escalation data 2H21; Announcement of interim data from the ARDENT Phase 2 dose expansion at 420 mg 2H21; Initiation of combination trial with standards-of-care 2021. Other Clinical Milestones: Initiation of first-in-human study of ARV-766, an androgen receptor degrader with a differentiated profile from ARV-110, in patients with metastatic castration-resistant prostate cancer 1H21.
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ARVN | Hot Stocks07:11 EST Arvinas expects cash to fund operating expenses into 2024 - Based on its current operating plan, Arvinas expects its cash, cash equivalents, and marketable securities will be sufficient to fund its planned operating expenses and capital expenditures into 2024.
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FLS PFE | Hot Stocks07:10 EST Flowserve supports Pfizer in production of COVID-19 vaccine - Flowserve (FLS) announced it is providing pumps, valves and seals to Pfizer (PFE) to support production of its COVID-19 vaccine. During the engineering runs of vaccine production Pfizer needed support to replace a mechanical mixer seal on its COVID-19 vaccine production line. The Flowserve Kalamazoo, Michigan team expedited the rebuild of this equipment. Additionally, Flowserve through its channel partner, Corrosion Fluid Products, is providing Pfizer with a cryogenic valve application to support their expanded production capabilities of the COVID-19 vaccine. The Flowserve Cookeville, Tennessee facility will supply Pfizer with more than 200 Worcester cryogenic ball valves that can handle the rigorous temperature requirements needed in supporting the mass production of the COVID-19 vaccine. And finally, Flowserve's Chesapeake, Virginia and Itzehoe, Germany pump manufacturing facilities are providing pumps to Pfizer for both their North American and European vaccine production.
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ATNX | Hot Stocks07:08 EST FDA requests new study from Athenex for oral paclitaxel plus encequidar - Athenex announced that the U.S. Food and Drug Administration has issued a complete response letter for the company's New Drug Application for oral paclitaxel plus encequidar for the treatment of metastatic breast cancer. The FDA issues a CRL to indicate that the review cycle for an application is complete and that the application is not ready for approval in its present form. In the CRL, the FDA indicated its concern of safety risk to patients in terms of an increase in neutropenia-related sequelae on the Oral Paclitaxel arm compared with the IV paclitaxel arm. The FDA also expressed concerns regarding the uncertainty over the results of the primary endpoint of objective response rate at week 19 conducted by blinded independent central review. The Agency stated that the BICR reconciliation and re-read process may have introduced unmeasured bias and influence on the BICR. The agency recommended that Athenex conduct a new adequate and well-conducted clinical trial in a patient population with metastatic breast cancer representative of the population in the U.S. The Agency determined that additional risk mitigation strategies to improve toxicity, which may involve dose optimization and / or exclusion of patients deemed to be at higher risk of toxicity, are required to support potential approval of the NDA. Athenex plans to request a meeting with the FDA to discuss the Agency's response, engage in a dialogue on the design and scope of a clinical trial to address the FDA's requirements and align on the next steps required to obtain approval.
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FOLD | Hot Stocks07:07 EST Amicus sees FY21 total Galafold revenue $300M-$315M - Double-digit revenue growth in 2021 is expected to be driven by continued operational growth and commercial execution across all major markets, including the U.S., EU, U.K. and Japan. Non-GAAP operating expense guidance for the full-year 2021 is $410 million to $420 million, driven by continued investment in the global Galafold launch, AT-GAA clinical studies and pre-launch activities, and advancing our gene therapy pipeline. Cash, cash equivalents, and marketable securities totaled $483.3 million at December 31, 2020. Based on current operating models, the company believes that the current cash position, which includes the net proceeds from the 2020 Senior Secured Term Loan, and expected future revenues are sufficient to fund the company's operations and ongoing research programs through to self-sustainability.
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PRGO | Hot Stocks07:07 EST Perrigo to sell Generic Rx business to Altaris Capital Partners for $1.55B - Perrigo announced that it has reached a definitive agreement to sell its Generic Rx Pharmaceuticals business to Altaris Capital Partners for total consideration of $1.55B, including $1.5B in cash, subject to customary adjustments. As part of the consideration, Altaris will also assume more than $50M in potential R&D milestone payments and contingent purchase obligations with third-party Rx partners. The transaction is subject to customary closing conditions and is expected to close by the end of the third quarter.
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CNNE | Hot Stocks07:05 EST Cannae Holdings announces three year, 10M share repurchase program - Cannae Holdings announced that its Board of Directors has authorized a three-year stock repurchase program, effective February 26, under which the Company may repurchase up to 10M shares of its common stock. Purchases may be made from time to time in the open market at prevailing prices or in privately negotiated transactions through February 26, 2024. The repurchase program does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time. William P. Foley, II, Chairman of Cannae, commented, "Recent discussions with key investors reinforced my belief that Cannae stock is significantly undervalued. In fact, it's trading well below book value despite the recent impressive investments by Cannae, as outlined in our most recent report to shareholders. Repurchases around these price levels actually increase book value per share."
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TECH HUM | Hot Stocks07:05 EST Bio-Techne's Exosome Diagnostics laboratory announces contract with Humana - Bio-Techne (TECH) announced that Humana (HUM) has awarded a contract effective April 1, to its Exosome Diagnostics laboratory, covering the ExoDx Prostate test for men. Humana is the nation's largest Medicare Advantage provider serving an estimated 20M patients in the United States.
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AXSM | Hot Stocks07:04 EST Axsome Therapeutics announces 2021 anticipated milestones - Anticipated Milestones NDA Submissions: AXS-07 for the acute treatment of migraine, submission early 2Q 2021. Clinical Trial Readouts: Phase 2 MERIT trial of AXS-05 in TRD, topline data 2H 2021. Clinical Trial Initiations: Phase 3 trial of AXS-12 in the treatment of narcolepsy 2Q 2021. FDA Meetings: AXS-14 for fibromyalgia 2Q 2021; AXS-05 for smoking cessation 3Q 2021.
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AXSM | Hot Stocks07:03 EST Axsome Therapeutics expects cash to fund operations into at least 2024 - Axsome expects that its operating expenses will increase year over year in 2021 to support continued pipeline advancement and build-out of the commercial function. Axsome believes that its cash at December 31, 2020, along with the remaining committed capital from the $225 million term loan facility, is sufficient to fund anticipated operations, based on the current operating plan which includes costs for the commercial launch of AXS-05 in MDD and AXS-07 in migraine, into at least 2024.
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TSN | Hot Stocks06:56 EST Tyson Foods to vaccinate thousands of Iowa workers - Tyson Foods will offer free, onsite COVID-19 vaccinations to thousands of frontline team members at its Iowa plants this week. The vaccines are being provided in conjunction with local health departments across the state of Iowa, where food processing workers are among the priority group now eligible for vaccination. "We've been working with Matrix Medical, Hy-Vee and health department officials across Iowa to prepare for this moment and we're ready," said Tom Brower, senior vice president of Health and Safety for Tyson Foods. "We're pleased to offer our team members convenient access to the vaccine, and we appreciate the state of Iowa recognizing the essential role they play in feeding the world." Tyson Foods officials expect many of the company's 13,000 Iowa employees to be vaccinated during vaccination events later this week at or near company facilities in Columbus Junction, Council Bluffs, Independence, Perry, Sioux City, Storm Lake and Waterloo. More than 2,000 of the company's U.S employees were recently vaccinated either at onsite events or through an external source. Approximately 800 team members were vaccinated February 19 and 20 at Tyson's Joslin, Ill., beef plant.
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ATNX | Hot Stocks06:55 EST Athenex trading halted, news pending
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REKR ITI | Hot Stocks06:53 EST Rekor Systems comments on offer to purchase Iteris - Rekor Systems (REKR) announced that on February 20, it had advised Iteris (ITI) that it was prepared to offer to purchase all of Iteris' outstanding common stock. The offer to Iteris was for a combination of cash and common stock subject to confirmatory diligence and approval of both boards of directors. On February 26, Rekor was advised that the board of directors of Iteris "has decided at this time the combination of the two companies would not be in the best interest of [Iteris'] shareholders." "Since announcing our active consideration of potential merger partners several weeks ago, we've received a number of inquiries about a possible combination with Iteris from Rekor shareholders and investors. Obviously, we haven't been in a position to respond," said Robert Berman, Rekor CEO. "We are clearly disappointed with their swift rejection and wanted to avoid any inappropriate speculation."
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PLXP | Hot Stocks06:52 EST PLx Pharma receives FDA approval of sNDAs for VAZALORE 325 mg, 81 mg - PLx Pharma announced that the U.S. FDA approved supplemental new drug applications for its lead products, VAZALORE 325 mg and VAZALORE 81 mg, the first ever novel, liquid-filled aspirin capsule. "We are delighted that the FDA approved both sNDAs for VAZALORE, and we are eager to implement our commercial launch plans later this year," stated Natasha Giordano, President and CEO of PLx.
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WEX | Hot Stocks06:47 EST Wex expands presence in Europe - Wex announced its agreement with OMV expanding its presence within Europe. Wex will implement its technology platform to manage OMV's fuel card program across ten markets within Europe. The implementation is expected to be completed within the next two years.
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SCOR OMC | Hot Stocks06:47 EST Comscore, Omnicom announce expanded data agreement - Comscore (SCOR) announced a newly expanded data agreement with Omnicom (OMC). Under the terms of the agreement, Comscore will provide privacy-safe e-commerce and audience behavioral data to Omni, the marketing operating system that supports Omnicom's global network of agencies. Omni identifies and defines personalized consumer experiences at scale. Omnicom is the first holding company to have access to this data set, which adds a level of specificity to Omni's ability to provide a single view of the consumer that can be shared across all marketing practices.
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MRK | Hot Stocks06:46 EST Merck: FDA accepts gefapixant New Drug Application for review - Merck announced that the U.S. FDA has accepted for review the company's New Drug Application for gefapixant, an investigational, orally administered, selective P2X3 receptor antagonist, for the treatment of refractory chronic cough or unexplained chronic cough in adults. This application for gefapixant will be discussed at an upcoming advisory committee meeting. No date has been set yet. The FDA has set a Prescription Drug User Fee Act, or target action date, of Dec. 21, 2021.
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APEN | Hot Stocks06:39 EST Apollo Endosurgery receives breakthrough device designation for Orbera balloon - Apollo Endosurgery announced that it has received a breakthrough device designation from the FDA for the Orbera Intragastric Balloon, specifically for the indication for use in treating patients with BMI between 30-40 kg/m2 with noncirrhotic nonalcoholic steatohepatitis, or NASH, with liver fibrosis.
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VACQ | Hot Stocks06:37 EST Rocket Lab USA , Vector Acquisition announce merger pact - Rocket Lab USA and Vector Acquisition Corporation announced that they have entered into a definitive merger agreement that will result in Rocket Lab becoming a publicly traded company. The transaction is estimated to be completed in Q2 2021 and, at that time, Vector will change its name to Rocket Lab USA, and the combined company will trade under the Nasdaq ticker symbol "RKLB." On March 1, Rocket Lab entered into a definitive merger agreement with Vector. The transaction reflects an implied pro forma enterprise value of $4.1B for Rocket Lab, representing 5.4x 2025 projected revenue of approximately $750M. The transaction is expected to result in pro forma cash on the balance sheet of approximately $750M through the contribution of existing cash estimated to be on Rocket Lab's balance sheet prior to close, up to $320M of cash held in Vector Acquisition Corporation's trust account (assuming no redemptions by Vector's public shareholders), and a concurrent approximately $470M PIPE of common stock, priced at $10.00 per share and led by Vector Capital, BlackRock and Neuberger Berman, among other top-tier institutional investors. The transaction, which has been unanimously approved by the Boards of Directors of Rocket Lab and Vector, is subject to approval by Vector's shareholders and other customary closing conditions. Following the closing of the transaction, the Company will continue to be led by Founder and CEO Peter Beck. Alex Slusky, CEO of Vector and CIO and Founder of Vector Capital, will join Rocket Lab's Board of Directors alongside Sven Strohband of Khosla Ventures, David Cowan of Bessemer Venture Partners, Matt Ocko of DCVC and Mike Griffin, independent director.
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QTRHF | Hot Stocks06:37 EST Quarterhill subsidiaries enter license agreement, settle litigation with LG - Wi-LAN, a Quarterhill company, announced that WiLAN and its wholly-owned subsidiary Polaris Innovations have entered into a license agreement and settled litigation relating to TV and display technologies with LG Electronics. The licensed patents are related to memory interface technologies and digital display and TV technologies. The license fees payable by LG and all other terms and conditions of this agreement are confidential.
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CDLX | Hot Stocks06:34 EST Cardlytics to acquire Dosh for $275M in cash and stock - Cardlytics announced its planned acquisition of Dosh, a cash-back offers platform, for $275M in cash and stock. Founded in 2016, Dosh is best known for creating a consumer app that provides cash back for millions of consumers from thousands of merchants. This transaction is expected to close later this quarter.
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NSH | Hot Stocks06:33 EST Spire, NavSight deal values combined company at $1.6B post-money equity value
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NSH | Hot Stocks06:33 EST Spire Global to go public through merger with NavSight Holdings - Spire Global, a global provider of space-based data and analytics, and NavSight Holdings Inc., a special purpose acquisition company, announced they have entered into a definitive merger agreement for a business combination that would result in Spire becoming a publicly listed company. The Board of Directors of each of Spire and NavSight have unanimously approved the transaction "Proposed Transaction." The Proposed Transaction will require the approval of the stockholders of Spire and NavSight, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals. The Proposed Transaction is expected to close in summer of 2021. Assuming no redemptions by NavSight stockholders, the Proposed Transaction is expected to deliver up to $475M of gross proceeds, including the contribution of up to $230M of cash held in NavSight's trust account. The Proposed Transaction is further supported by a $245M fully committed PIPE anchored by Tiger Global Management, BlackRock Advisors, Hedosophia, Jaws Estates Capital, and Bloom Tree Partners. Spire stockholders will retain 100% of their equity holdings in the combined company. Spire's existing stockholders will hold approximately 67% of the fully diluted shares of common stock immediately following the closing of the business combination, assuming no redemptions by NavSight's existing public stockholders.
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PQG | Hot Stocks06:32 EST PQ Group to sell Performance Chemicals business for $1.1B - PQ Group Holdings announced that it has entered into a definitive agreement to sell its Performance Chemicals business to a partnership established by Cerberus Capital Management, L.P. and Koch Minerals & Trading LLC for a purchase price of $1.1B. Upon the anticipated close in 2021 and finalization of net cash proceeds, PQ plans to return capital to shareholders through a special dividend of $2.50-$3.25 per share, which is expected to result in a debt reduction of $450M-$550M. In addition, on February 25, PQ signed an agreement to acquire Chem32, LLC from its founders for a purchase price of $44M to complement the Refining Services business. Chem32 is a leading supplier of catalyst pre-activation services used in the production of traditional and renewable fuels. This addition, with its patented technology and services, is expected to grow rapidly and generate strong margins.
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NSH | Hot Stocks06:31 EST Spire Global to go public through merger with NavSight Holdings
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WMT | Hot Stocks06:26 EST Walmart drops $35 minimum for express delivery - Walmart is making it easier for customers to get the items they want at the lightning-fast speed they may need them. Beginning March 1, the retailer is removing the $35 minimum order requirement for Express delivery. Express delivery allows customers to order items from Walmart's food, consumables and general merchandise assortment such as produce, pantry staples, everyday essentials, toys and electronics. It relies on the retailer's team of 170,000 trained personal shoppers who pick customers' orders. Like Walmart's pickup and delivery service, there is no markup on items - an item is priced the same as it is on the shelf. Express delivery costs $10 on top of the existing delivery charge. Walmart+ members simply pay the $10 Express fee. Express delivery is currently offered in nearly 3,000 Walmart stores, reaching nearly 70% of the U.S. population. It is one of several no-contact pickup and delivery options.
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NWHM | Hot Stocks06:21 EST New Home Company acquires Epic Homes - The New Home Company announced its expansion into Denver, Colorado with the acquisition of Epic Homes, a unique and innovative homebuilder with a strong, well-established presence in the market. Epic President and Founder Christina Presley will remain on board as President of Epic Homes, a newly formed homebuilding division of The New Home Company. New Home assumed Epic's backlog of 102 homes valued at approximately $100M as of the closing date of February 26. In addition, New Home assumed control of Epic's land assets which include 294 owned and controlled lots, three active communities and one soon-to-be-opened community. The average selling price of Epic's communities range from $600,000-$1.4M.
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KL | Hot Stocks06:19 EST Kirkland Lake Gold names Natasha Vaz as COO - Kirkland Lake Gold announced a number of management appointments, effective March 1. The appointed officers will report directly to Tony Makuch, President and CEO. Natasha Vaz has been promoted to the role of COO. Natasha joined the company in 2019 and, most recently served as Senior Vice President Technical Services, Technology and Innovation.
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DSGX | Hot Stocks06:18 EST Descartes Systems acquires QuestaWeb for approximately $36M - Descartes Systems announced that it has acquired QuestaWeb, a provider of foreign trade zone and customs compliance solutions. QuestaWeb is headquartered in Clarke, New Jersey. Descartes acquired QuestaWeb for approximately $36M, satisfied from cash on hand.
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ASLN | Hot Stocks06:17 EST Aslan Pharmaceuticals reports 'positive' results from study of ASLAN004 - ASLAN Pharmaceuticals announced positive interim unblinded data from the three dose cohorts of its ongoing randomised, double-blind placebo controlled multiple ascending dose study of ASLAN004 for the treatment of moderate to severe atopic dermatitis. ASLAN004 was shown to be well tolerated across all doses and showed improvements compared to placebo in all efficacy endpoints, supporting its potential as a differentiated, novel treatment for AD. Dr Ken Kobayashi, Chief Medical Officer, ASLAN Pharmaceuticals, commented: "These data are very encouraging and provide a strong foundation to confidently advance our plans for the global Phase 2b study we intend to initiate later this year. A robust and differentiated safety and efficacy profile is emerging for ASLAN004 and we look forward to reporting the full, unblinded data from approximately 50 patients in mid-2021. We believe the interim data demonstrate ASLAN004's potential as a first-in-class therapeutic targeting the IL-13 receptor with a differentiated approach to treating atopic dermatitis."
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TRX GOLD | Hot Stocks06:15 EST Tanzanian Gold names Michael Leonard as CFO - Tanzanian Gold (TRX) is pleased to announce and welcome Michael Leonard, CPA, CA as CFO of Tanzanian Gold. Leonard has had a distinguished career as a financial leader in the gold industry with broad, progressive experience in investor relations and corporate global finance. He had an impressive, respected and esteemed career of more than 17 years in financial leadership at Barrick Gold (GOLD).
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KBR | Hot Stocks06:14 EST KBR awarded UK MOD contract for delivery of Nano UAS - KBR announced the UK Ministry of Defence, or MOD, awarded the company with a contract for the delivery of Nano Unmanned Air Systems, or UAS, to support technological experimentations with the British Army and the Future Capability Group. KBR's Government Solutions EMEA business will utilize its established services integrator approach to merge technologies with service delivery including training, logistics and technical support. The team is working with UK-based Evolve Dynamics, an engineering company specializing in UAS, to ensure timely delivery of systems for use by MOD personnel in the UK and overseas, and across a wide range of environments.
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CORE | Hot Stocks06:12 EST Core-Mark announces new three-year, $375M shareholder return plan - Core-Mark's Board of Directors approved a new three-year, $375M shareholder return plan supporting increased share buy-backs and growth in the dividend. This new plan replaces the previous $60M share repurchase program.
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SCKT | Hot Stocks06:11 EST Socket Mobile, SpringCard SAS announce licensing agreement - Socket Mobile announced it has licensed SpringCard SAS core contactless technology. Socket Mobile and SpringCard SAS have worked together to bring contactless reading products to market. The DuraScan D600 Contactless Reader/Writer and SocketScan S550 Contactless Reader/Writer include SpringCard's core contactless technology, and the SocketScan S550 is Apple Value Added Services, or VAS, and Google Wallet certified. Under the new agreement, Socket Mobile will acquire a perpetual, royalty-free license to the core technology for use in its products and be in a position to support new requirements in the future.
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AMZN | Hot Stocks06:09 EST President Biden tells Amazon not to meddle in union vote - President Joe Biden has demanded that Amazon not intimidate or threaten workers who are voting to join a union at an Alabama warehouse, saying in a video posted to Twitter on Sunday evening "The choice to join a union is up to the workers - full stop." "Let me be really clear," Biden said. "It's not up to me to decide whether anyone should join a union. But let me be even more clear: it's not up to an employer to decide that either." Reference Link
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AEYE FB | Hot Stocks06:08 EST AudioEye announces Zach Okun as chief product officer - AudioEye (AEYE) announced Zach Okun has joined the company as chief product officer. With 15 years of product management experience, Okun will focus on building AudioEye's product development organization to support the company's growth and its mission to make digital content accessible to everyone. Okun was most recently at Facebook (FB), where he led their offsite data products, like the Facebook Pixeland the Conversions API.
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CCMP | Hot Stocks06:07 EST CMC Materials to acquire International Test Solutions for about $125M in cash - CMC Materials announced that it has entered into an agreement to acquire International Test Solutions, a leader in the design and production of innovative, high-performance consumables used to optimize critical semiconductor testing processes. Headquartered in Reno, Nevada and supplying to semiconductor manufacturers globally, ITS will become part of the company's Electronic Materials business segment. CMC Materials has agreed to acquire ITS for approximately $125M in cash, which is expected to be funded by cash on hand, and expects to complete the transaction in April, subject to customary closing conditions, including post-closing adjustments, and regulatory approvals.
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FB | Hot Stocks06:06 EST Instagram head Adam Mosseri teases feature announcement for 11am ET - Instagram head Adam Mosseri teased an upcoming announcement scheduled for 11am ET. He said via Twitter: "Lots of speculation coming in, so I'll simply say it's a feature that has been requested for a while now." Reference Link
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CAE LHX | Hot Stocks06:06 EST CAE to acquire L3Harris Technologies military training business for $1.05B - CAE (CAE) announced that it has entered into a definitive agreement with L3Harris Technologies (LHX) to acquire L3Harris' military training business for $1.05B, subject to customary adjustments. The acquisition value represents approximately 13.5 times the L3Harris military training business estimated adjusted 2020 EBITDA or approximately 10 times, including cost synergies, which are expected to reach a range of $28M to $35M annually by the end of the second year following closing of the acquisition. The acquisition is expected to be low-teens percentage EPS accretive to CAE in the first full year post closing, including expected cost synergies. The closing of the acquisition is expected in the second half of calendar year 2021, subject to regulatory approvals and other customary closing conditions. Upon closing, the L3Harris military training business would operate under CAE USA, headquartered in Tampa, Florida. The acquisition and other related transaction costs are to be funded through the issuance of $550M aggregate amount of subscription receipts to two institutional investors on a private placement basis as well as other currently available liquidities. The private placements are supported by a $375M investment by Caisse de depot et placement du Quebec, a Canada-based global institutional investor, and a $175M investment by GIC Private. An aggregate of 22,400,000 subscription receipts will be issued at a price of C$31.25 per subscription receipt, for gross proceeds of approximately $550M. Each subscription receipt will entitle the holder to receive one common share of CAE as well as a commitment fee upon and subject to closing of the acquisition.
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LHX CAE | Hot Stocks06:03 EST L3Harris Technologies to sell Military Training, Combat Propulsion for $1.45B - L3Harris Technologies (LHX) has signed definitive agreements to sell its Military Training business to CAE (CAE) and its Combat Propulsion Systems and related businesses to RENK AG for a combined $1.45B. Each transaction is subject to customary closing conditions, including receipt of regulatory approvals, and is expected to close in the second half of 2021. Under the first agreement, CAE will acquire L3Harris' Military Training business for $1.05B in cash. With annual revenue of approximately $500M, the Military Training business provides a wide range of training systems, simulations and related services to U.S. and international military customers. Under the second agreement, RENK AG will acquire L3Harris' Combat Propulsion Systems and related businesses for about $400M in cash. With annual revenue of approximately $230M, the Combat Propulsion Systems business manufactures military engines and transmissions. Proceeds from the divestitures are expected to be used for share repurchases.
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BIDU | Hot Stocks05:43 EST Baidu, Huaneng enter MoU for energy industry development - Baidu and China Huaneng recently signed a memorandum of understanding, or MoU, aimed at driving the transformation of the energy industry. Baidu will leverage its capabilities in AI-powered new infrastructure to help Huaneng closely integrate the digital economy with the energy and power industry. Under the terms of the MoU, Baidu and Huaneng will pursue a multi-faceted partnership encompassing information technology, digital technology, and other related areas. The two companies will jointly develop a new generation automated and intelligent financial shared services platform, as well as cooperate to apply AI and big data technologies to the energy and power field. Additionally, the partnership will strive to provide society with energy-related data services that are more digitized, intelligent, and connected to the Internet, which will drive the intelligent upgrading of China's energy industry.
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TRMD | Hot Stocks05:28 EST Torm plc to purchase eight tankers from Team Tankers for $82.5M, 5.97M shares - Torm has entered into an agreement to purchase eight 2007-2012 built MR product tanker vessels from Team Tankers Deep Sea for a total cash consideration of $82.5M and the issuance of 5.97M shares. The transaction will increase Torm's total fleet to 83 vessels on a fully delivered basis. The vessels are all built at the Croatian shipyard Brodotrogir and have high technical specifications with six of the vessels having specialized cargo tank configurations and extended tank segregations, allowing for enhanced trading flexibility through chemical trading options, while still being able to work integrated in the existing One Torm operational platform. Torm has obtained terms on the financing with maturities in 2026. The 2009-2012 built vessels will be financed by increasing Torm's existing syndicated term facility with a new revolving facility of up to $67M provided pro rata by the existing syndicate banks and the 2007-2008 built vessels will be financed through a new term facility with Hamburg Commercial Bank amounting up to $28M. The financing is subject to finalization of the documentation. The vessels are scheduled to be delivered during Q2 and Q3 of 2021, and in connection with each delivery, Torm will issue the shares to Team Tankers in tranches based on the individual vessel's relative value. The agreed individual share issuances are subject to adjustments related to potential capital increases and shareholder distributions, as applicable. Based on broker valuations, the market value of the acquired vessels is assessed at $148M.
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CVX | Hot Stocks05:23 EST Chevron announces investment in Baseload Capital - Chevron announced an investment in Baseload Capital, a Sweden-based private investment company focused on development and operation of low-temperature geothermal and heat power assets. This investment round also includes existing Baseload Capital investors. The Baseload investment follows last month's announcement of funding for Eavor and expands Chevron's capacity to gain insight into geothermal innovations such as low-temperature power generation and closed-loop geothermal technologies. Chevron and Baseload are planning potential pilot projects to test new technology. Baseload Capital currently operates in Japan, Taiwan, Iceland, and the United States. As Baseload develops in these regions and expands to new markets, Chevron and Baseload will look for commercial geothermal and heat power opportunities in additional Chevron operations.
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RCL | Hot Stocks05:21 EST Royal Caribbean to begin sailing from Israel in May - Royal Caribbean will begin sailing from Israel for the first time in May. The global cruise line will offer Israelis a combination of three- to seven-night escapes visiting the Greek Isles and Cyprus on board its new ship, Odyssey of the Seas. The new sailings will go on sale on March 9. The itineraries, roundtrip from Haifa, Israel, will include visits to isles and destinations in the Mediterranean, including Rhodes, Santorini, Mykonos and Athens, Greece and Limassol, Cyprus. In conjunction with Israel's health and tourism authorities, Royal Caribbean will be the first to offer fully vaccinated sailings, where both crew and guests above the age of 16 will be vaccinated against COVID-19. Details on the additional health and safety measures to be implemented by Israel and Royal Caribbean will be announced at a later date.
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ACN | Hot Stocks05:16 EST Accenture acquires Cirrus, terms undisclosed - Accenture (ACN) has acquired Cirrus, a UK headquartered leadership and talent consultancy. Cirrus joins Accenture's talent and organization/human potential team and "strengthens" its development and coaching capabilities for leaders seeking business transformation. Terms of the transaction were not disclosed. The company said, "With 70 experts located in the U.K. and Australia serving global clients, Cirrus blends leadership, talent, and engagement expertise to assess and develop leaders - creating behavioural change and implementing agile ways of working to unlock their potential. Cirrus has a proven track record of delivering business impact through bespoke leadership and team development solutions run via virtual, face-to-face and digital channels."
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WIMI | Hot Stocks05:13 EST WiMi Hologram Cloud announces cooperation with Dream Classroom program - WiMi Hologram Cloud announced a strategic cooperation with the Dream Classroom program of China Education Television. Established by the Ministry of Education of the People's Republic of China, China Education Television hosts more than a dozen satellite educational projects, including the four major projects for national remote education. In addition, China Education Television has nearly 700,000 receiving satellite stations and directly serves nearly one hundred million school teachers and students in rural areas at the primary and secondary school levels. China Education Television and China Vision Ocean Film Culture Media jointly produce the Dream Classroom program under the guidance of the Ministry of Education of the People's Republic of China. The Dream Classroom program focuses on global knowledge for children and teenagers, such as English, Chinese, art, performing arts, dance, and other areas. With the world's first "5G + AI + holographic education" online classroom program, China Education Television aims to create a holographic classroom by utilizing holographic technology and integrating technology, provide a high-quality education environment, and improve the quality of education for the next generation of children and teenagers.
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PII | Hot Stocks05:09 EST Polaris to debut 2022 electric Ranger utility side-by-side in late December - Polaris unveiled plans to debut an all-new 2022 electric Ranger utility side-by-side in late December, advancing the company's strategic rEV'd up electrification strategy. This full-size Ranger is the first electric vehicle Polaris developed through its powersports industry-exclusive partnership with Zero Motorcycles, which the two companies announced last September. The company expects the new electric Ranger to start arriving in dealerships in early 2022. Design and development efforts for the all-new electric Ranger are underway in Wyoming, Minnesota., with manufacturing for North American vehicles to take place at Polaris' facility in Huntsville, Alabama.
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UCL | Hot Stocks05:07 EST uCloudlink extends enterprise agreement with Chinese social media company - uCloudlink announced it will continue its partnership with one of China's social media players with a renewed two-year enterprise cooperation agreement. As part of its agreement, uCloudlink will continue to provide mobile network access for employees of the company, both for use in their daily work at home and abroad. uCloudlink has provided employees of the social media giant with mobile broadband, or MBB, terminal products and services. Employees conduct a significant portion of their work online and have high requirements when it comes to internet connectivity. Using its patented Cloud SIM technology, uCloudlink said it has enabled staff to remain connected without limitations during frequent domestic and international business trips, while reducing the cost of global roaming.
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WSFS CLF | Hot Stocks04:55 EST WSFS Financial to replace Cleveland-Cliffs in S&P 600 at open on 3/1
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CLF... | Hot Stocks04:55 EST Cleveland-Cliffs to replace Eaton Vance in S&P 400 at open on 3/1 - Morgan Stanley (MS) is acquiring Eaton Vance (EV) in a deal expected to be completed on or about that date pending final conditions.
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