Stockwinners Market Radar for April 14, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
WSM | Hot Stocks20:35 EDT Williams-Sonoma CEO sells 25K shares of common stock - In a regulatory filing, Williams-Sonoma disclosed that its CEO Laura Alber sold 25K shares of common stock on April 12th in a total transaction size of $4.43M, reducing her stake by about 6%.
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COIN | Hot Stocks20:33 EDT Cathie Wood's ARK Investment discloses 752.2K shares of Coinbase bought today
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ENTG | Hot Stocks19:26 EDT Entegris CEO sells 300K shares of common stock - In a regulatory filing, Entegris disclosed that its CEO Bertrand Loy sold 300K shares of common stock on April 12th in a total transaction size of $35.6M, reducing his stake by about 43%.
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GLD | Hot Stocks19:24 EDT SPDR Gold Shares holdings fall from 1,026.07MT to 1,022.86MT - This is the lowest level of holdings since April 17, 2020.
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IKNA | Hot Stocks19:23 EDT iKena Oncology director buys 423.4K shares of common stock - In a regulatory filing, iKena Oncology disclosed that its director David Bonita bought 423.4K shares of common stock on March 30th in a total transaction size of $6.77M.
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CAAP | Hot Stocks19:02 EDT Corporacion America Airport reports March passenger traffic down 44% y/y - Corporacion America Airport reported a 44.0% YoY passenger traffic decline in March 2021, and 71.3% when compared to the same period of 2019. Total passenger traffic in March 2021 dropped 44.0% YoY, reflecting the continued impact of the COVID-19 pandemic on air travel across all countries of operations. Certain travel restrictions and requirements are in place in most countries, while overall demand remains weak. International traffic declined by 65.7% YoY, while domestic traffic dropped 35.2% YoY. When compared to 2019, overall passenger traffic declined 71.3%, while international and domestic passenger traffic dropped 84.1% and 66.2%, respectively.
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ETR | Hot Stocks18:55 EDT Entergy requests approval of post-shutdwon transfer of Indian Point plant - Entergy and Holtec International, along with the NY State Department of Public Service Staff, the NY State Office of the Attorney General, the NY State Department of Environmental Conservation, the NY State Energy Research and Development Authority, the Public Utility Law Project of New York, and other parties, filed a Joint Proposal with the NY Public Service Commission, which reflects a comprehensive settlement of the issues raised in the proceeding concerning the proposed post-shutdown transfer of Indian Point to subsidiaries of Holtec for decommissioning. The parties to the Joint Proposal recommend that the PSC adopt the proposal and approve the post-shutdown transfer of Indian Point from Entergy to Holtec. Entergy and Holtec previously filed a petition with the New York PSC concerning the proposed transfer of Indian Point and a license transfer application with the U.S. Nuclear Regulatory Commission in November 2019. The NRC approved the license transfer in November 2020. Holtec plans to begin the decommissioning process at Indian Point upon taking ownership and expects to release most of the site for re-use by the 2030s. Holtec will initially provide job opportunities for over 300 of Entergy's current employees at Indian Point and it also has agreed to honor the collective bargaining agreements that apply to current employees.
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NETI | Hot Stocks18:52 EDT Scorpio Holdings acquires 26,129 common shares of Eneti - Eneti announced that Scorpio Holdings Limited, a related party, has purchased 26,129 common shares of the Company at an average price of $19.95 per share in the open market. The company currently has 11,233,604 common shares outstanding, of which SHL and its affiliates own 3,325,819 or 29.61%.
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VMW DELL | Hot Stocks18:38 EDT Elliott 'strongly supports' Dell's announced spin-off of VMware - Elliott Investment Management released the following statement on behalf of Managing Partner Jesse Cohn following Dell Technologies' (DELL) announcement that it plans to spin-off its 81% equity ownership of VMware (VMW), forming a standalone company: "As one of Dell's largest shareholders, Elliott strongly supports the announced spin-off of VMware. The separation will create two market-leading companies, Dell Technologies and VMware, each guided by distinct strategies while retaining their strong commercial relationship. We see significant opportunity for long term value-creation at both companies. We commend Michael Dell, Silver Lake and the Board of VMware on this win for public shareholders."
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VLRS | Hot Stocks18:31 EDT Volaris announces further liquidity preservation measures - The company states: "Volaris announces additional liquidity preservation measures. Since the COVID-19 pandemic started, the company has implemented multiple actions under a "liquidity preservation plan", with significant results achieved during 2020. In the first quarter of 2021, the focus has been to combine further payment deferrals with an optimization of the fleet plan for the post COVID-19 traffic requirements. During the first quarter, the company targeted an additional working capital relief of $100M. As of today, Volaris has achieved agreements for $87M. The company is also working on other fleet related initiatives aimed to improve its competitive position by yielding additional liquidity preservation as well as further reducing the total cost of the fleet."
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RL | Hot Stocks18:29 EDT Ralph Lauren CFO sells 10.6K shares of common stock - In a regulatory filing, Ralph Lauren disclosed that its CFO Jane Nielson sold 10.6K shares of common stock on April 12th in a total transaction size of $1.36M, reducing her stake by about 9%.
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GH | Hot Stocks18:27 EDT Guardant Health CEO sells 239.6K shares of common stock - In a regulatory filing, Guardant Health disclosed that its CEO Helmy Eltoukhy sold 239.6K shares of common stock on April 12th in a total transaction size of $39.4M, reducing his stake by about 9%.
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TITN | Hot Stocks18:25 EDT Titan Machinery CEO sells 360K shares of common stock - In a regulatory filing, Titan Machinery disclosed that its CEO David Meyer sold 360K shares of common stock on April 12th in a total transaction size of $9.61M, reducing his stake by about 14%.
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KAMN | Hot Stocks18:20 EDT Ian Walsh replaces retiring Kaman board Chairman Neal Keating - Kaman announced that Neal Keating, Chairman of the Board of Directors, retired from the Board of Directors at the company's 2021 Annual Meeting of Stockholders on April 14, 2021, in accordance with the previously announced transition plan. Upon Mr. Keating's retirement, the Board appointed Kaman President and Chief Executive Officer, Ian K. Walsh, as Chairman. With Mr. Keating's retirement, Ian Walsh will jointly serve as Chairman of the Board of Directors, President and CEO. Mr. Walsh has served as Kaman's President and CEO since joining the company on September 8, 2020.
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BSY | Hot Stocks18:11 EDT Bentley Systems to acquire INRO Software - The company states: "Bentley Systems announced the acquisition of INRO Software, a global leader in multimodal transportation planning, traffic simulation, and mobility visualization software. The acquisition expands Bentley's capabilities in the important growth area of mobility digital twins, just as countries including the U.S. are poised to make a generational investment in infrastructure, and as transportation systems must evolve faster to accommodate both urbanization and carbon reduction goals, and the transition to electric and autonomous vehicles. INRO's products include Emme, a multimodal transportation planning system for urban, regional, and national transportation forecasting; Dynameq, a vehicle-based traffic simulation platform for city-wide traffic planning; and CityPhi, a mobility visualization solution providing data visualization and visual analytics of large-scale mobility and geospatial datasets."
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APXT | Hot Stocks18:08 EDT AvePoint to buy up to $20M in Apex Technology Acquisition - AvePoint also reports preliminary Q1 revenue $38.4M-$38.8M and total ARR of $128.0M-$129.2M. AvePoint CEO Dr. Tianyi "TJ" Jiang stated: "Although the Company's first quarter is historically our slowest quarter, the Company has achieved significant growth. We reported strong first quarter results with subscription revenue growth of 49% year over year at the mid-point of the range. Over the past two quarters we have made meaningful investments in scaling our go-to-market organization to accelerate growth and capture the significant market opportunity ahead. Our first quarter results continue the growth momentum we experienced in 2020 and combined with the ongoing ramp of our salesforce, gives us confidence in our outlook for 2021."
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NVAX | Hot Stocks17:41 EDT Novavax to participate in University of Oxford Com-COV2 study - Novavax announced its participation in a newly expanded investigator-initiated Phase 2 clinical trial called Comparing COVID-19 Vaccine Schedule Combinations - Stage 2, to be conducted by the University of Oxford and supported by the UK Vaccines Taskforce. Novavax' recombinant protein vaccine candidate, NVX-CoV2373, is one of four COVID-19 vaccines that will be studied to evaluate the potential for combined regimens that mix vaccines from different manufacturers to achieve immune protection against COVID-19. Com-COV2 will include 1050 adults 50 years of age or older who received their first vaccination during the prior 8-12 weeks. Volunteer study participants will receive one of four different vaccines as a second dose, 350 of whom will be administered NVX-CoV2373. The research will compare the immune system responses from those who receive a heterologous regimen to those who receive a homologous regimen.
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GSK | Hot Stocks17:23 EDT GlaxoSmithKline to stop enrolling patients in phase 2 feladilimab trial - GlaxoSmithKline plc "announced following a recommendation by the Independent Data Monitoring Committee that it has taken the decision to stop enrolling patients in the phase II INDUCE-3 trial, including discontinuing treatment with feladilimab. The INDUCE-3 study is investigating feladilimab in combination with pembrolizumab versus placebo in combination with pembrolizumab in patients with PD-L1 positive recurrent locally advanced or metastatic head and neck squamous cell carcinoma. GSK has also made the decision to stop the INDUCE-4 phase II trial, a study investigating feladilimab versus placebo in combination with pembrolizumab and chemotherapy. The totality of the data will be evaluated to assess the impact on the overall clinical development programme for feladilimab."
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MAXN | Hot Stocks17:11 EDT Maxeon Solar drops 6% to $21.51 after $125M offering of ordinary shares
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MAXN | Hot Stocks17:11 EDT Maxeon Solar drops 6% to $21.51 after $125M offering of ordinary shares
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AAU | Hot Stocks17:08 EDT Almaden Minerals announces Mexico appeals court refers case to SCJN - Almaden Minerals announced that the Collegiate Court of Mexico has issued a decision that it does not have the necessary authority to rule on the appeals filed by the Mexican Congress, Senate, Secretary of Economy and mining authorities, as well as Almaden as an interested party, and has instead referred the case directly to the Supreme Court of Justice of Mexico, or SCJN. The Company anticipates a decision from the SCJN on this matter within the next four to eight months. The company notes that in January, the SCJN issued a decision concerning a mining property in north Puebla state owned by a company unrelated to Almaden, where the constitutionality of Mexico's mining laws had been challenged. The SCJN, in a unanimous decision, confirmed that Mexico's mining law is constitutional. The company's Mexican constitutional law attorney has advised that the January decision will have to be taken into account by the court when considering this case.By way of background, in April 2019, a lower court in Puebla State issued a decision that Mexico's mineral title system is unconstitutional because consultation of indigenous communities is not required before the granting of mineral title. The lawsuit was brought against the Mexican government and could have consequences for mineral titles throughout Mexico, but it used the Company's mineral claims to make the argument. The company said it is pleased that this matter will finally be resolved and will continue with its current permitting and exploration plans.
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AAU | Hot Stocks17:07 EDT Almaden Minerals announces Mexico appeals court refers case to SCNJ - Almaden Minerals announced that the Collegiate Court of Mexico has issued a decision that it does not have the necessary authority to rule on the appeals filed by the Mexican Congress, Senate, Secretary of Economy and mining authorities, as well as Almaden as an interested party, and has instead referred the case directly to the Supreme Court of Justice of Mexico, or SCJN. The Company anticipates a decision from the SCJN on this matter within the next four to eight months. The company notes that in January, the SCJN issued a decision concerning a mining property in north Puebla state owned by a company unrelated to Almaden, where the constitutionality of Mexico's mining laws had been challenged. The SCJN, in a unanimous decision, confirmed that Mexico's mining law is constitutional. The company's Mexican constitutional law attorney has advised that the January decision will have to be taken into account by the court when considering this case.By way of background, in April 2019, a lower court in Puebla State issued a decision that Mexico's mineral title system is unconstitutional because consultation of indigenous communities is not required before the granting of mineral title. The lawsuit was brought against the Mexican government and could have consequences for mineral titles throughout Mexico, but it used the Company's mineral claims to make the argument. The company said it is pleased that this matter will finally be resolved and will continue with its current permitting and exploration plans.
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ROCC | Hot Stocks17:04 EDT Reservoir Holdings to list on Nasdaq via merger with Roth CH Acquisition II - Reservoir Holdings, an independent music company, and Roth CH Acquisition Co. II announced the signing of a definitive agreement for a business combination that will result in Reservoir becoming a public company. Upon closing of the transaction, the combined company will be renamed "Reservoir Media, Inc." and is expected to remain listed on the NASDAQ under the new ticker symbol "RSVR." In connection with the merger announcement, the companies executed definitive agreements with institutional investors, including funds managed by Caledonia, for a common stock PIPE of $150M at $10.00 per share. Upon closing of the transaction, founder and CEO Golnar Khosrowshahi will continue to lead the combined company. Reservoir will be the first independent music company to go public in the United States and also the first female founded and led music company to be publicly traded in the United States. The transaction implies a pro forma enterprise valuation for the combined company of approximately $788 million at closing. The pro forma implied equity value of the combined company is $740 million at $10.00 per share, assuming no redemptions by the public stockholders of ROCC. Following the transaction and after payment of transaction expenses, Reservoir is expected to receive approximately $246M of cash - inclusive of the $150M PIPE and assuming no redemptions from the approximately $115M of cash held in Roth CH II's trust account. The board of directors of Reservoir and ROCC have unanimously approved the transaction. The transaction will require the approval of the stockholders of ROCC and is subject to other customary closing conditions. The transaction is expected to close in the third quarter.
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PRSP | Hot Stocks17:01 EDT Perspecta awarded $71M contract to support SWAFS program - Perspecta announced that it was selected to support the Space Weather Analysis and Forecast System program. Awarded by the U.S. Space Force's Space and Missile Systems Center and the General Services Administration's Federal Systems Integration and Management Center, the contract falls under Phase III of the Small Business Innovation Research program. The award represents new work for the company, has a five-year period of performance and a ceiling value of $71M. On the program, Perspecta will provide SWAFS personnel with an improved capability to analyze sensor data related to solar flares, solar winds and other space environmental conditions that may affect high-altitude aircraft, and space- and ground-based systems. Perspecta will migrate the SWAFS software applications to a cloud environment and deploy a data-as-a-service interface so that users get more direct access to near-real-time data. Use of this data collection model will allow the U.S. Department of Defense and other government organizations to increase the number of data sources available to the SWAFS program and upgrade its capacity to collate and correlate data.
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URI | Hot Stocks16:32 EDT United Rentals acquires Franklin Equipment - United Rentals has acquired Franklin Equipment, a regional provider of equipment rentals, sales and related services in the Midwest and Southeast United States. Franklin Equipment was founded in 2008, and grew to 20 locations serving general contractors in Ohio, Indiana, Wisconsin, Kentucky, Tennessee, Alabama, Georgia and South Carolina.
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AFMD | Hot Stocks16:31 EDT Ridgeback Capital reports 5.5% passive stake in Affimed - Ridgeback Capital disclosed a 5.5% stake in Affimed, which represents 6.45M shares. The filing does not allow for activism.
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AEO | Hot Stocks16:26 EDT American Eagle jumps about 7% to $35.21 after Q1 revenue guidance
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CMPR | Hot Stocks16:23 EDT Cimpress to raise $1.15B in term loan to repay existing secured debt - Cimpress plc announced plans to raise a senior secured Term Loan B of approximately $1.15 billion to repay existing secured debt and bring liquidity onto the balance sheet. The secured Term Loan B is expected to consist of a $795 million USD tranche and a EUR 300 million EUR tranche, both due 2028. Cimpress plans to use the new debt to redeem all of its 12% second lien notes due 2025, repay amounts drawn under its revolving credit facility and repay all borrowings in respect of the Term Loan A under its secured credit facility. The transaction will be approximately net leverage neutral on a pro-forma basis. The second lien notes will be redeemed at the first call date in mid-May 2021. The Term Loan A will terminate and Cimpress will retain a $250 million revolving credit facility maturing in 2026. CFO Sean Quinn says: "It's a good time to proactively implement this flexible capital structure. This transaction facilitates our refinancing of the second lien debt we secured at the height of pandemic uncertainty, and allows us to lower our weighted average cost of debt, diversify and expand our lender base by accessing the institutional loan market in Europe and the U.S., and extend the maturity profile of our secured debt. Our capital allocation priorities and financial leverage policy remain unchanged since our last public comments on February 24, 2021: our near-term priority remains organic investment. We see opportunities for M&A of smaller-scale businesses that would integrate into existing Cimpress businesses. We do not expect to pursue share repurchases or any large-scale M&A for the near-term future."
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ARTNA | Hot Stocks16:22 EDT Artesian Resources raises annual dividend to $1.044 per share - Artesian Resources announced that its Board of Directors has approved a 1.5% increase in the company's Class A and Class B Common Stock dividend, raising the annual dividend to $1.044 per share. The quarterly dividend of 26. 10 is payable May 21, 2021 to shareholders at the close of business on May 7, 2021. This marks Artesian's 114th consecutive quarterly dividend paid to shareholders and the 25th consecutive year it has increased dividends. "We are pleased to increase once again our dividend to our shareholders. As we have for over 115 years, we remain committed to providing safe, essential water and wastewater services to our communities while maintaining focus on our strategic initiatives. Despite the obstacles of the past year, we achieved substantial growth and strong financial results and are able to share these continued successes with our shareholders," said Dian C. Taylor, Chair, President and CEO.
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RNR | Hot Stocks16:20 EDT RenaissanceRe estimates impact of Winter Storm Uri of about $180M - RenaissanceRe Holdings "announced it estimates that losses from Winter Storm Uri will have a net negative impact of approximately $180M on the company's first quarter 2021 results of operations. Winter Storm Uri was a major wind and ice storm that impacted the U.S. in February 2021, causing widespread damage in many areas, including Texas. For the first quarter of 2021, the company expects to report a net loss attributable to common shareholders and nominal operating income available to common shareholders."
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ADS BAC | Hot Stocks16:20 EDT Alliance Data names Perry Beberman as CFO, succeeding Tim King - Alliance Data Systems (ADS) announced that Perry Beberman has been named executive vice president and CFO, effective July 6. Mr. Beberman joins Alliance Data from Bank of America (BAC), where he most recently served as SVP and Finance Executive for the company's Consumer and Wealth Management Lending Products. He succeeds Tim King, who served as Alliance Data's CFO since 2019. In the interim, Ralph Andretta, along with the company's seasoned financial team, will oversee the company's financials and investor relations, and ensure a smooth transition pending commencement of Beberman's appointment in July.
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TGNA | Hot Stocks16:18 EDT Tegna raises quarterly divend by 36% to 9.5c per share - Dividend is payable on July 1, 2021.
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THS | Hot Stocks16:17 EDT TreeHouse COO Shay Braun to leave effective April 30 - TreeHouse Foods announced that Senior Vice President and COO, Shay Braun, is leaving the company effective April 30 to assume the role of President of Select Milk, a group of family dairy producers. In the interim, Braun's responsibilities will be assumed by Craig McCutcheon, currently Senior Vice President, Operations. McCutcheon joined TreeHouse in 2018 and oversees TreeHouse's manufacturing and warehousing operations. He will expand his responsibilities to include supply chain and food safety, which were previously overseen by Braun, and during this interim period, he will report directly to President and CEO, Steve Oakland. The company plans to retain an outside firm to assist in the search for a permanent replacement.
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BMY | Hot Stocks16:17 EDT Bristol-Myers receives EC approval for opdivo-cabometyx combination - Bristol Myers Squibb announced that the European Commission has approved Opdivo in combination with Cabometyx for the first-line treatment of adults with advanced renal cell carcinoma. The EC's decision is based on results from the Phase 3 CheckMate -9ER trial, which demonstrated superior efficacy with Opdivo in combination with Cabometyx versus sunitinib across three key endpoints: progression-free survival, the primary endpoint, and objective response rate and overall survival. The combination of Opdivo and Cabometyx was well tolerated, with safety reflective of the known profiles of both medicines and a low rate of treatment-related adverse events leading to discontinuation. "With this approval, we can now offer patients two different Opdivo-based combinations that have demonstrated significant survival benefits versus sunitinib," said Dana Walker, M.D., M.S.C.E., vice president, development program lead, genitourinary cancers, Bristol Myers Squibb. "Today's milestone builds on our heritage of developing and delivering novel treatments for patients with advanced renal cell carcinoma, first with the only dual immunotherapy option, Opdivo plus Yervoy, and now with a new immunotherapy and tyrosine kinase inhibitor regimen. We look forward to working with a broad range of European stakeholders to bring Opdivo in combination with Cabometyx to patients who may benefit from this treatment."
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COST | Hot Stocks16:17 EDT Costco increases quarterly cash dividend to 79c per share - Costco announced that its board of directors has declared a quarterly cash dividend on Costco common stock and approved a quarterly increase from 70c to 79c per share, or $3.16 on an annualized basis. The dividend is payable May 14 to shareholders of record at the close of business on April 30. Costco currently operates 808 warehouses, including 559 in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 29 in the United Kingdom, 28 in Japan, 16 in Korea, 14 in Taiwan, 12 in Australia, three in Spain, and one each in Iceland, France, and China. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
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AXS | Hot Stocks16:16 EDT Axis Capital sees Q1 pre-tax net loss estimates for catastrophes of $105M-$115M - Axis Capital announced a preliminary first quarter net loss estimate for catastrophes and other weather-related events in the range of $105M-$115M, pre-tax. The pre-tax net loss estimate includes an amount of $80M-$90M for Winter Storms Uri and Viola, principally related to the state of Texas, and is consistent with industry insured losses of approximately $13B-$14B. The company also reaffirmed no change to its net loss estimate established for the COVID-19 pandemic in 2020. Separately, AXIS Capital noted continuing improvements in its current accident year loss ratios excluding catastrophe and weather-related losses for its insurance and reinsurance segments consistent with the progress observed in 2020.
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RGNX | Hot Stocks16:15 EDT Regenxbio says first patient dosed in Cohort 3 of Phase I/II trial of RGX-121 - Regenxbio announced that it dosed the first patient in Cohort 3 of the ongoing Phase I/II trial of RGX-121 for the treatment of Mucopolysaccharidosis Type II, also known as Hunter Syndrome, in patients up to five years old. RGX-121 is an investigational one-time gene therapy designed to deliver the gene that encodes the iduronate-2-sulfatase enzyme using the AAV9 vector. RGX-121 is administered directly to the central nervous system.
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REDU | Hot Stocks16:14 EDT Rise Education reports new and total enrollment at end of Q1 - Rise Education announced its new enrollments for Q1 and students in class as of March 31. New students enrolled for Rise regular courses in Q1 were 5,846 vs. 8,023 for the preceding quarter and 1,507 for 1Q20. New students enrolled for other Rise courses were 42,962 in Q1 vs. 3,231 for the preceding quarter and 32,551 for 1Q20. The quarter-over-quarter decrease in the number of new students enrolled for Rise regular courses was mainly due to strong seasonality in the ELT market, while the year-over-year increase was mainly attributable to the development of RISE's OMO capabilities over the past year. Students in class for Rise regular courses were 46,441 as of March 31, 2021, a decrease of 1,283 from 47,724 as of December 31, 2020 and a decrease of 6,144 from 52,585 as of March 31, 2020. The decrease in the number of students in class was primarily due to the resurgence of COVID-19 pandemic in certain regions in January 2021. The company expects the number of students in class to be back on track by the end of Q2.
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DELL VMW | Hot Stocks16:11 EDT Dell Technologies jumps 8% to $100.40 after planned VMware spin-off - VMware is up 1.5% to $157.90 on the news.
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NSPR | Hot Stocks16:10 EDT InspireMD announces 1-for-15 reverse stock split - InspireMD announced a 1-for-15 reverse split of its common stock, effective as of April 26. Beginning on April 27,the Company's common stock will trade on the NYSE American on a split adjusted basis.
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DELL VMW | Hot Stocks16:08 EDT Dell Technologies announces planned VMware spin-off - Dell Technologies (DELL) announces the planned spin-off of its 81% equity ownership interest in VMware (VMW). The transaction will result in two standalone companies positioned for growth in the data era. The transaction is expected to close during the fourth quarter of calendar 2021, subject to certain conditions, including receipt of a favorable IRS private letter ruling and an opinion that the transaction will qualify as generally tax-free for Dell Technologies shareholders for U.S. federal income tax purposes. Dell Technologies and VMware will enter into a commercial agreement that will preserve the companies' unique and differentiated approaches to the co-development of critical solutions and alignment on sales and marketing activities. VMware will continue to use Dell Financial Services to help its customers finance their digital transformations. Upon completion of the spin-off, Michael Dell will remain chairman and chief executive officer of Dell Technologies, as well as chairman of the VMware board. Zane Rowe will remain interim CEO of VMware, and the VMware board of directors will remain unchanged. After a comprehensive review of potential strategic options, both parties determined that this transaction will simplify capital structures and create additional long-term enterprise value. At the transaction closing, VMware will distribute a special cash dividend of $11.5B-$12B to all VMware shareholders, including Dell Technologies. Based on Dell Technologies' current 80.6% ownership in VMware, Dell Technologies would receive approximately $9.3B-$9.7B and intends to use the net proceeds to pay down debt, positioning the company well for Investment Grade ratings. At the transaction closing, Dell Technologies shareholders would receive approximately 0.44 shares of VMware for each share of Dell Technologies that they hold, based on shares outstanding today. The final ratio is subject to incremental dilution prior to the transaction close. VMware will shift from a multiclass to a single class share structure while Dell Technologies' share structure remains the same. The transaction is expected to close during the fourth quarter of calendar 2021, subject to certain conditions, including receipt of a favorable IRS private letter ruling and an opinion that the transaction will generally qualify as a tax-free spin-off to Dell Technologies shareholders for U.S. federal tax purposes. Immediately following, and automatically as a result of, the spin-off, each share of VMware class B common stock will automatically convert into one fully paid and non-assessable share of VMware class A common stock. All of the outstanding VMware class B common stock is held by Dell Technologies.
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EGHT | Hot Stocks16:07 EDT 8x8 names Walt Weisner chief customer officer - 8x8 announced the appointment of Walt Weisner as Chief Customer Officer, effective today, reporting to CEO Dave Sipes. Weisner will be responsible for the end-to-end experience for 8x8 customers globally, overseeing professional services, implementation, and customer support and enablement. "We are committed to being a Customer First, Product First, Team First company that helps organizations unify employee and customer communications as they shift to a hybrid work model," said Dave Sipes, CEO of 8x8, Inc. "Walt brings to 8x8 an unparalleled track record developing and scaling best-in-class service and support teams. He will play a pivotal role in ensuring our customers successfully achieve their communications, collaboration and engagement goals using the 8x8 integrated cloud contact center and employee cloud communications product."
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ABCL | Hot Stocks16:06 EDT AbCellera, Empirico to partner on multi-target antibody discovery - AbCellera and Empirico "announced that they have entered into a strategic multi-target discovery collaboration. Through each company's proprietary technologies, the multi-target collaboration leverages hyper-scale datasets, machine learning, and advanced computation to both identify high-value, genetically-validated drug targets and discover novel therapeutic antibodies. Empirico will use its Precision Insights Platform, a human genetics-focused discovery platform, to select up to five therapeutic targets. AbCellera will use its AI-powered antibody discovery technology to search and analyze natural immune responses to identify antibodies with the desired therapeutic properties against the selected targets. Under the terms of the agreement, Empirico will have the rights to develop and commercialize novel antibodies resulting from the collaboration. AbCellera will receive research payments and is eligible to receive downstream clinical and commercial milestone payments and royalties on net sales of products from Empirico."
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MDVL | Hot Stocks16:06 EDT Medavail says North Texas health system expands technology agreement - MedAvail Holdings announced that a health system in North Texas has expanded its technology agreement with MedAvail, and has deployed MedAvail's MedCenter technology at 16 emergency and urgent care sites in Texas. Patients visiting these urgent and emergency care sites are able to consult virtually with a system pharmacist and fill their prescriptions at the point of care through the MedCenter, eliminating the need to make a separate trip to a pharmacy. Through MedAvail's Pharmacy Technology segment, the company is able to enhance pharmacy services offered by healthcare providers and retail chains. Enterprise customers can purchase MedAvail's technology in order to provide these solutions under their own brands. "We are proud to offer our software and MedCenter technology to large healthcare systems focused on medication adherence and patient satisfaction," said Dave Rawlins, Chief Commercial Officer at MedAvail. "Quick and convenient access to care is even more critical now than ever. MedAvail's innovative pharmacy technology is adaptable to a number of different environments, enabling our partners to improve ease of medication access without compromising safety."
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DELL VMW | Hot Stocks16:05 EDT Dell Technologies announces planned VMware spin-off
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CSGP | Hot Stocks16:05 EDT CoStar Group to acquire Homes.com for $156M - CoStar Group announced that it has reached a definitive agreement to acquire Homes.com, a division of Dominion Enterprises, for $156M in cash. The transaction is expected to close in the first half of 2021, subject to customary closing conditions and regulatory review. CoStar anticipates the acquisition of Homes.com will contribute approximately $5M-10M in incremental revenue to CoStar Group in the second half of 2021, subject to transaction timing.
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PCRX | Hot Stocks16:04 EDT Pacira seeks court injunction to protect clinical integrity of Exparel - Pacira BioSciences filed a lawsuit against the American Society of Anesthesiologists, ASA, and various other defendants seeking pecuniary damages and the retraction of three articles that create the false and misleading impression that EXPAREL, bupivacaine liposome injectable suspension, is not an effective analgesic. The articles, included in its official medical journal, Anesthesiology, were published in print and on the ASA website under the summary headline, "Liposomal Bupivacaine Is Not Superior to Standard Local Anesthetics." This headline appeared on the cover of the publication's February 2021 print issue. The Complaint establishes that the ASA published articles that were not only scientifically unsound, but that also failed to disclose that certain authors were accepting payments from competing pharmaceutical or drug device manufacturers. Inaccurate or incomplete financial disclosures are a violation of ethical standards established by the medical and scientific research communities and raise serious questions regarding the objectivity of the published work. "EXPAREL has been used in more than 8 million U.S. patients and is backed by scores of published studies that demonstrate safe and effective, long-lasting pain control, including decreased opioid requirements, improved patient outcomes, and the migration of surgical cases to outpatient sites of care," said Dave Stack, Chief Executive Officer and Chairman of Pacira. "While pain trials are notoriously difficult to execute, and mixed evidence can be identified for all studied analgesics, the three Anesthesiology articles overwhelmingly overlook the positive body of literature that exists for EXPAREL." Mr. Stack continued, "We cannot allow this misrepresentation of the clinical effectiveness of EXPAREL to continue to be promoted in the journal and on the website of the American Society of Anesthesiologists, at the risk of confusing stakeholders along the patient care continuum about the value of EXPAREL compared to current treatment modalities. Requests for discussion with the ASA and the editor of Anesthesiology were repeatedly dismissed. This left us with no choice but to take legal action in order to ensure this false and misleading information is not inappropriately cited as an accurate reference in other scientific manuscripts and cannot be used to limit access to patients and providers who require low- and no-opioid care."
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BDX | Hot Stocks16:04 EDT Becton Dickinson's Pristine hemodialysis catheter granted 510(k) clearance - Becton Dickinson has received 510(k) clearance from the FDA for the Pristine Long-Term Hemodialysis Catheter, a new hemodialysis catheter with a unique side-hole free symmetric Y-Tip distal lumen design. The Pristine Catheter will be available in the U.S. in May. The device was developed by Pristine Access Technologies, a privately-owned company based in Israel, which was acquired by BD in July 2020.
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SHOO | Hot Stocks16:03 EDT Steven Madden acquires 49.9% share of JV not already owned, terms undisclosed - Steven Madden announced that it has completed the acquisition of the 49.9% share that it did not already own of its European joint venture, or JV. The European joint venture was formed in June 2016 and distributes Steve Madden-branded footwear and accessories to most countries throughout Europe. Edward Rosenfeld, chairman and CEO, commented, "Since its formation nearly five years ago, our European joint venture has experienced strong double-digit percentage revenue growth each year, including a 21% revenue gain in 2020 despite the impact of COVID-19. We are pleased to take full ownership of our business in this critical market, and look forward to continued growth in the region as we capitalize on our strong momentum and digital-first positioning."
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PPD | Hot Stocks16:00 EDT PPD trading resumes
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PPD | Hot Stocks15:47 EDT PPD trading halted, volatility trading pause
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THO... | Hot Stocks15:37 EDT Thor Industries, Winnebago rise after LCI Industries pre-announces sales beat - Shares of RV makers Thor Industries (THO) and Winnebago (WGO) are up about 1% apiece after LCI Industries (LCII) guided to preliminary net sales to be approximately $1.0B in the first quarter, which was well above the consensus near $880M. "Following a pivotal year in the RV industry during 2020, we had another strong quarter, with sales anticipated to have increased more than 50% over the first quarter of 2020, as we continued to meet exceptional demand across the outdoor recreation space," said Jason Lippert, LCI Industries' President and CEO. In afternoon trading following the pre-announcement, LCI shares are up $4.98, or about 4%, to $141.62.
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LCII | Hot Stocks15:18 EDT LCI Industries trading resumes
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CCOEY | Hot Stocks15:01 EDT Capcom officially closes investigation into November 2020 ransomware attack - Capcom said that the investigation into a cyberattack previously disclosed in November 2020 has been completed and Capcom has received their findings. As such, Capcom can now make an announcement regarding the findings of that investigation as well as the measures it will take to prevent future incidents. At this point in time, the Capcom Group's internal systems are near to completely restored, and while coordinating with the newly established Information Technology Security Oversight Committee, the company will work toward continuously strengthening both security and the protection of personal information going forward. Capcom worked with multiple companies including major security vendors and IT specialist companies to carry out an investigation into the devices and transmission logs affected in the attack. As a result of carrying out this investigation, Capcom has found that the incident occurred as described in the following summary. Further, as stated in previous announcements, the Company has been coordinating both domestically and overseas with law enforcement and related organizations, while also continually reporting and corresponding on a timely basis with the authorities that oversee the protection of personal information in each country. According to the IT specialists, unauthorized access to the Company's internal network was acquired in October 2020 through a cyberattack carried out on an older backup VPN device that had been maintained at its North American subsidiary. At that time, the Capcom Group, including the North American subsidiary, had already introduced a different, new model of VPN devices; however, due to the growing burden on the Company's network stemming from the spread of COVID-19 in the State of California, where this North American subsidiary is located, one of the aforementioned older VPN devices remained solely at this North American subsidiary as an emergency backup in case of communication issues, and it became the target of the attack. The device in question has already been removed from the network at this time. The IT specialists determined that following this, some devices were compromised at both the Company's U.S. and Japanese offices through the affected old VPN device at the Company's North American subsidiary, leading to the theft of information. While the Company had existing perimeter security measures in place and, as explained below, was in the processes of adopting defensive measures such as a SOC service and EDR, the Company had been forced to prioritize infrastructure improvements necessitated by the spread of COVID-19. As a result, the use of these measures was still in the process of being verified (not yet implemented) at the time this matter took place.
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AMZN | Hot Stocks14:42 EDT AWS announces general availability of AQUA for Amazon Redshift - Amazon Web Services, , or AWS, an Amazon.com company, announced the general availability of AQUA for Amazon Redshift, calling it "an innovative new distributed and hardware-accelerated cache that delivers up to ten times better query performance than other enterprise cloud data warehouses." AWS added: "AQUA brings compute to the storage layer, helping customers avoid networking bandwidth limitations by eliminating unnecessary data movement between where data is stored and compute clusters. With AQUA, customers have more up-to-date dashboards, save development time, and their systems are easier to maintain. AQUA is available on Redshift RA3 instances at no additional cost, and customers can take advantage of the AQUA performance improvements without any code changes." AQUA for Amazon Redshift is generally available today to customers running Amazon Redshift RA3 instances in US East - N. Virginia, US West - Oregon, US East - Ohio, Asia Pacific - Tokyo, and Europe - Ireland, with availability in additional regions coming soon, AWS stated.
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BX ANTM | Hot Stocks14:32 EDT K Health, Blackstone Growth, Anthem to partner on technology joint venture - K Health and funds managed by Blackstone Growth (BX) announced the formation of Hydrogen Health, LLC to "help create innovative, digital-first healthcare solutions." This joint venture is also backed by an investment from Anthem (ANTM) and is "an important step in seeking to help increase access to healthcare services and make healthcare more affordable for millions of people in the U.S.," Blackstone said. Blackstone added: "Hydrogen Health will seek to lower healthcare costs by leveraging K Heath's cutting-edge Artificial Intelligence technology to bring digital-first healthcare to the employer and consumer markets. Hydrogen Health will seek to develop new tech-driven solutions for direct-to-consumer, direct-to-employer, and direct-to-insurers markets; and give users access to the spectrum of care - digital, virtual, and in-person. These solutions could be integrated across different types of health coverage to achieve more affordable, high-quality care."
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LCII | Hot Stocks14:28 EDT LCI Industries trading halted, news pending
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MLHR | Hot Stocks14:20 EDT Herman Miller launches eCommerce marketplace for small businesses - Herman Miller announced the launch of Herman Miller Professional, a new eCommerce experience built for small to mid-size businesses looking to purchase online to outfit or update their offices. "As a company with a foot in both the retail and contract worlds, we need to continue to evolve our experiences to fit the needs of these two diverse groups, especially in contract, where the size of our customers range from a dozen employees to thousands," says Ben Groom, Chief Digital Officer at Herman Miller. "Each sector has certain expectations of how they would like their purchasing journey to work. From the moment a customer accesses one of our sites to the moment their product arrives, our goal is to exceed their expectations, customize experiences, and ensure every customer feels they're getting the support and resources they need to make decisions every step of the way."
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APD | Hot Stocks14:11 EDT Air Products acquires remaining 50% stake in gasification technology JV - Air Products (APD) announced it has completed the acquisition of the remaining 50% equity stake in its gasification technology joint venture with China Shenhua Coal to Liquid and Chemica, a subsidiary of China Energy Group. Financial terms of the transaction are not being disclosed. Air Products acquired its initial 50% equity stake in the JV as part of its acquisition of General Electric Company's (GE) gasification business from GE Power in 2019. This transaction further strengthens Air Products' broader gasification technology portfolio and integrates technical and engineering resources in China."Our latest investment is another step to support our gasification growth strategy that addresses the world's energy and environmental challenges. We continue to execute several megaprojects in China and around the world. The acquisition further strengthens our position to leverage our complete gasification technology portfolio to serve our customers," said Seifi Ghasemi, chairman, president and chief executive officer at Air Products. Air Products continues its leadership in gasification projects around the world. Last year, Air Products announced a $2B coal-to-methanol project located in Indonesia. The company is also executing a number of world-scale gasification projects including the Jiutai and Debang projects in China, as well as the Jazan project in Saudi Arabia.
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KR | Hot Stocks14:02 EDT Kroger launches Customer Fulfillment Center - Kroger said it is launching the country's first Customer Fulfillment Center, "combining vertical integration, machine learning, and robotics with affordable, friendly, and fast delivery service for fresh food." The center will be located in Monroe, Ohio, and powered by grocery e-commerce company Ocado Group. "2020 was a pivotal year for grocery e-commerce, with Kroger's digital business scaling to over $10 billion-and achieving a record digital sales increase of 116%," said Rodney McMullen, Kroger's chairman and CEO. "We're incredibly proud to achieve this milestone that advances our position as one of America's leading e-commerce companies. The momentum we're experiencing is well-timed with the evolution of Kroger Delivery, underpinning the permanent shift in grocery consumer behavior and need for enterprising and modern e-commerce and last-mile solutions-today's true competitive horsepower."
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INTZ | Hot Stocks13:56 EDT Intrusion 'adamantly refutes unfounded claims' made in short report - Intrusion stated in a press release that it "intends to fully respond to unfounded claims made in a research report published this morning." Jack Blount, President and CEO of Intrusion, said, "A short report includes claims that are blatantly inaccurate and reflect a malicious short-selling agenda. The company is evaluating further actions."
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DTRC | Hot Stocks13:42 EDT Affiliate of Dakota Territory Resource Richard Bachman sells $497K in shares - Affiliate of Dakota Territory Resource Richard Bachman disclosed in a filing that he had sold 994,199 shares of company stock at 50c per share on April 13 for a total transaction amount of $497,100.
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CNI... | Hot Stocks13:29 EDT North American rail traffic rose 22.2% in week ended April 10, AAR says - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending April 10. For this week, total U.S. weekly rail traffic was 513,724 carloads and intermodal units, up 24.5% compared with the same week last year. Total carloads for the week ending April 10 were 233,300 carloads, up 17.4% compared with the same week in 2020, while U.S. weekly intermodal volume was 280,424 containers and trailers, up 31.2% compared to 2020. For some rail traffic categories, percentage changes for the current week compared with the same week in 2020 are inflated because of the widespread shutdowns - and subsequent large reduction in rail volumes - that impacted many economic sectors last year at this time. North American rail volume for the week ending April 10, on 12 reporting U.S., Canadian and Mexican railroads totaled 333,230 carloads, up 16% compared with the same week last year, and 372,251 intermodal units, up 28.4% compared with last year. Total combined weekly rail traffic in North America was 705,481 carloads and intermodal units, up 22.2%. North American rail volume for the first 14 weeks of 2021 was 9,664,405 carloads and intermodal units, up 6.2% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
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BPFH SIVB | Hot Stocks13:11 EDT ISS recommends Boston Private shareholders vote for SVB Financial transaction - Boston Private Financial Holdings (BPFH) announced that independent proxy advisory firm Institutional Shareholder Services has recommended that Boston Private shareholders vote "FOR" the proposed transaction with SVB Financial Group (SIVB) at Boston Private's upcoming special meeting scheduled for April 27, 2021. The Boston Private Board unanimously recommends that shareholders vote on the WHITE proxy card "FOR" the proposed transaction with SVB Financial and "FOR" the other matters to be considered at the April 27, 2021 special meeting.
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WMT | Hot Stocks13:07 EDT Walmart says moving more associates to full time - In a post to the company's corporate blog, Walmart U.S. People Operations Senior Vice President Drew Holler stated: "Even with all the change of the past year, we have continued to focus on creating even more opportunity for associates at Walmart. Retail trends have accelerated, and we've evolved how we serve customers and the roles that support them. Today, we're excited to share that by the end of the current fiscal year, we expect two-thirds of our Walmart U.S. hourly store roles will be full-time with consistent schedules from week to week. We believe full-time schedules complement the other ways we are preparing for the future of retail... We know our associates will always be the biggest difference-makers in our business, so we will continue to evaluate how we structure the store to best serve customers and also balance the needs of our associates. We're committed to offering good jobs that provide access, stability and opportunity. These latest changes are more of the ways we're investing in careers, not just jobs." Reference Link
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WKEY | Hot Stocks13:05 EDT WISeKey International Holdings SA (ADR) trading resumes
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WKEY | Hot Stocks12:55 EDT WISeKey International Holdings SA (ADR) trading halted, volatility trading pause
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AMZN | Hot Stocks12:43 EDT Amazon unveils next-generation Echo Buds - Amazon introduced the next-generation of Echo Buds, featuring "an all-new design, premium audio architecture for crisp, balanced sound, custom-designed Active Noise Cancellation technology, wireless charging capabilities, improved microphones for better call quality, and hands-free access to Alexa," the company said. The all-new Echo Buds are available in Black or Glacier White starting at $119.99, and will be available for a limited time starting at $99.99. Customers who qualify will also receive six months of Amazon Music Unlimited and Audible Plus for free. "The all-new Echo Buds are better in so many ways-a smaller design, a more comfortable fit, Active Noise Cancellation technology, a new color and wireless charging option, and high-performance drivers for dynamic audio," said Tom Taylor, Senior Vice President, Amazon Alexa. "It's never been easier for customers to bring Alexa with them throughout their day-whether at home, walking the neighborhood, or commuting to work, all they have to do is ask to play music or podcasts, call to check in on a loved one, add an item to their to-do list, and so much more."
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JBLU | Hot Stocks12:41 EDT JetBlue names Carol Clements chief digital and technology officer - JetBlue announced the appointment of Carol Clements to Chief Digital & Technology Officer, effective April 26, 2021. In this role, Clements will be responsible for the New York-based airline's information systems and technology strategies. She succeeds Eash Sundaram, who retired from JetBlue earlier this year after nearly a decade at the helm of innovation and technology strategy for the airline. "As we work through the pandemic recovery, technology will play a more important role than ever in our success and it's an area where you can expect to see more investment ahead to the benefit of crewmembers and customers alike," said Robin Hayes, chief executive officer, JetBlue. "Carol will be leading our IT team during one of the most pivotal times for our airline and the industry, and we look forward to having her join our senior leadership team."
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ALGT | Hot Stocks12:02 EDT Allegiant, International Brotherhood of Teamsters reach agreement in principle - Allegiant announces that the company and the International Brotherhood of Teamsters, representing Allegiant's workforce of maintenance technician and related employees, have reached an agreement in principle on all remaining open issues for the first collective bargaining agreement between the parties. The agreement in principle is subject to finalization between the parties and ratification by the employee group, which includes line and heavy maintenance technicians as well as stores employees and some administrative maintenance staff. A ratification vote is expected to occur by the end of July, 2021. Allegiant currently employs 415 maintenance technician and related employees.
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BA | Hot Stocks12:02 EDT Boeing forecasts 'sufficient capital' for aircraft financing sector - Boeing issued its 2021 Current Aircraft Finance Market Outlook, which it notes is its first published since 2019, which reflects Boeing's near-term view of market dynamics and assesses financing sources for new commercial airplane deliveries. "Due to the ongoing impacts of the pandemic, the 2021 CAFMO excludes its customary one- and five-year industry financing projections," Boeing stated. Boeing said it projects "global and diversified funding will continue to flow into the aircraft financing sector as the aviation sector navigates the global pandemic and vaccine deployment continues to accelerate." Tim Myers, president of Boeing Capital Corporation, added, "Despite the unprecedented impacts of COVID-19 on the global aerospace industry, there generally continues to be liquidity in the market for our customers, and we expect it to further improve as travel begins to rebound."
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SCO | Hot Stocks12:00 EDT Scor ADR falls -6.9% - Scor ADR is down -6.9%, or -46c to $6.22.
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RBLX | Hot Stocks12:00 EDT Roblox falls -7.4% - Roblox is down -7.4%, or -$6.05 to $76.00.
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LABD | Hot Stocks12:00 EDT Daily S&P Biotech Bear 3x Shares falls -11.9% - Daily S&P Biotech Bear 3x Shares is down -11.9%, or -$2.97 to $21.98.
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AI | Hot Stocks12:00 EDT C3.ai rises 15.1% - C3.ai is up 15.1%, or $9.52 to $72.53.
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GME | Hot Stocks12:00 EDT GameStop rises 17.5% - GameStop is up 17.5%, or $24.72 to $165.71.
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TV | Hot Stocks12:00 EDT Televisa rises 23.2% - Televisa is up 23.2%, or $2.35 to $12.47.
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WINA | Hot Stocks11:30 EDT Winmark raises quarterly dividend to 45c per share from 25c - Winmark Corporation announced that its Board of Directors has approved an increase in its regular quarterly cash dividend to shareholders. The quarterly dividend of 45c per share represents an increase of 20c from its previous dividend rate. The cash dividend will be paid June 1, 2021 to shareholders of record on the close of business on May 12, 2021. Future dividends will be subject to Board approval.
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HTLF | Hot Stocks11:26 EDT Heartland Financial rebrands as HTLF - The company said, "Introducing HTLF, the new brand name for Heartland Financial USA. HTLF is refreshing our brand to better reflect who we are today. Many are already familiar with the letters HTLF as our company's stock ticker symbol. Now, those same four letters are our brand name, with the tagline 'Strength. Insight. Growth.''
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RDFN | Hot Stocks11:22 EDT Redfin announces RedfinNow launch in Tucson, reopening in Las Vegas - RedfinNow, the iBuying service from Redfin, has expanded to the Tucson metro area and reopened in Las Vegas after temporarily pausing operations there due to the pandemic, Redfin announced. Jason Aleem, vice president of RedfinNow, said, "We're seeing record-high competition and price growth for homes right now, but the red-hot housing market is a double-edged sword for sellers who are also trying to buy. RedfinNow makes it easy for people to get the money from their current home to buy their next and line up the closings so they only have to move once." RedfinNow is available today to consumers in 22 markets in eight states and the District of Columbia and expanding RedfinNow is "part of Redfin's strategy to give homeowners a complete real estate solution with multiple ways to sell their home and technology to make the process simple," the company said.
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BK SCHW | Hot Stocks11:04 EDT BNY Mellon chosen as transfer agent of Charles Schwab Investment Management - BNY Mellon has secured a mandate from Charles Schwab Investment Management to deliver transfer agency services, the bank announced. "BNY Mellon was selected based on its long-term commitment to the transfer agency business, as well as its experience delivering a leading client service model, technology platform and operational services," the bank stated.
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KMB | Hot Stocks10:52 EDT Kimberly-Clark appoints Russ Torres as group president, North America - Kimberly-Clark Corporation announced executive leadership changes in support of its global business strategy. Russ Torres, president of Kimberly-Clark Professional, has been named Group President of Kimberly-Clark North America. In his new role, Torres will lead Kimberly-Clark's North American consumer business. Torres will succeed Kim Underhill who is departing after 33 years with the company. A successor to Torres at Kimberly-Clark Professional will be named in the near future. Torres will continue to report to Mike Hsu, Kimberly-Clark Chairman and CEO.
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GS | Hot Stocks10:41 EDT Goldman Sachs CEO: 'Not focused' on offering crypto wallet right now
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GS | Hot Stocks10:40 EDT Goldman Sachs CEO: 'We have a plan at the moment to build a digital bank' - Comments taken from Q1 earnings conference call.
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AZN | Hot Stocks10:37 EDT Denmark to continue vaccine rollout without AstraZeneca COVID-19 vaccine - The Danish Health Authority announced: "There is a possible link between very rare cases of unusual blood clots, bleeding, low blood platelets counts and the vaccine from AstraZeneca, Vaxzevria. This, coupled with the fact that the COVID-19 epidemic in Denmark is currently under control and other vaccines are available against COVID-19, has been instrumental in the Danish Health Authority's decision to continue its vaccination programme against COVID-19 without the vaccine from AstraZeneca." Reference Link
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ULTA | Hot Stocks10:34 EDT Ulta Beauty: Recognizes recent sales strength may be transitory - Ulta said it is "encouraged" by sales trends so far in Q1, but recognizes that the recent strength may be transitory. The company said it believes stimulus payments are driving a portion of the strength.
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ULTA | Hot Stocks10:33 EDT Ulta Beauty: Q1 comp trends-to date higher than initially planned - Comments taken from JPMorgan Virtual Retail Round-Up.
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CAT | Hot Stocks10:32 EDT Caterpillar maintains dividend of $1.03 per share - The board of directors of Caterpillar voted to maintain the quarterly cash dividend of $1.03 per share of common stock, payable on May 20 to shareholders of record at the close of business on April 26, the company announced.
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WFC | Hot Stocks10:27 EDT Wells Fargo sees 'robust' mortgage origination volume
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WFC | Hot Stocks10:26 EDT Wells Fargo sees remainder of pending branch closures this year
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WFC | Hot Stocks10:22 EDT Wells Fargo still sees FY21 NII flat to down 4%
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MT | Hot Stocks10:19 EDT ArcelorMittal completes investment agreement with Invitalia - ArcelorMittal announces that it has completed an investment agreement with Invitalia, an Italian state-owned company, forming a public-private partnership between the parties. Invitalia has injected EUR400M new equity into AM InvestCo Italy, ArcelorMittal's subsidiary which signed the lease and purchase agreement for the Ilva business, providing Invitalia with a 38% shareholding and equal voting rights with joint control over the company. Going forward the joint company AM InvestCo Italy is being re-named Acciaierie d'Italia Holding, and its main operating subsidiary ArcelorMittal Italia will be renamed Acciaierie d'Italia. The Investment Agreement stipulates a second equity injection by Invitalia, of up to EUR680M to fund the completion of the purchase of Ilva's business by Acciaierie d'Italia, which is expected by May 2022 subject to certain conditions precedent*. At this point, Invitalia's shareholding in Acciaierie d'Italia would increase to 60%, with ArcelorMittal to invest up to EUR70M to retain a 40% shareholding and joint control over the company. Going forward, Acciaierie d'Italia Holding will operate independently, and as such will have its own funding plans without reliance on ArcelorMittal. As a result, ArcelorMittal will deconsolidate the assets and liabilities from its consolidated statement of financial position and will account its interest in the company under the equity method.
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RNGR | Hot Stocks10:17 EDT Ranger Energy completes sale-leaseback transaction - Ranger Energy Services announced it has completed a sale-leaseback real estate transaction related to one of its operations facilities, delivering $13M in gross proceeds. The property sold is Ranger's DJ Basin facility and includes both office and operational support facilities. Ranger will continue to occupy the facility pursuant to a market-based long-term lease.
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WFC | Hot Stocks10:10 EDT Wells Fargo 'making good progress' on initiatives to improve business, CEO says - Comments taken from Q1 earnings conference call.
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VST | Hot Stocks10:02 EDT Vistra Energy, Malta, SwRI collaborate on DOE funded study on clean power - Vistra and Malta in collaboration with Southwest Research Institute, have been awarded a Department of Energy grant. The federally funded project will study how Malta's energy storage system can improve the environmental and economic performance of a natural gas-powered power plant, help to balance the diverse power generation on electric grids, and improve the reliability and resiliency of the electric system as more intermittent renewables come online. The U.S. Department of Energy-funded study will focus on integration of the Malta system with a Vistra-owned natural gas-fired plant to optimize its environmental and economic performance. The Malta energy storage system will use electricity generated by the natural gas plant, convert and store that energy as heat, and then convert it back to electricity that can be redistributed on the electric grid as demand necessitates. The unique design of the Malta system would further diversify Vistra's generation portfolio and create a more stable and resilient grid as intermittent renewable resources comprise a greater percentage of the generating capacity in the years ahead.
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INFY | Hot Stocks10:00 EDT Infosys falls -4.8% - Infosys is down -4.8%, or -88c to $17.53.
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ENIA | Hot Stocks10:00 EDT Enel Americas falls -5.2% - Enel Americas is down -5.2%, or -44c to $8.09.
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LABD | Hot Stocks10:00 EDT Daily S&P Biotech Bear 3x Shares falls -6.3% - Daily S&P Biotech Bear 3x Shares is down -6.3%, or -$1.57 to $23.38.
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SPLP | Hot Stocks10:00 EDT Steel Partners rises 7.6% - Steel Partners is up 7.6%, or $1.07 to $15.06.
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FLNG | Hot Stocks10:00 EDT Flex LNG rises 8.6% - Flex LNG is up 8.6%, or 78c to $9.83.
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TV | Hot Stocks10:00 EDT Televisa rises 29.7% - Televisa is up 29.7%, or $3.01 to $13.13.
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GS | Hot Stocks09:59 EDT Goldman Sachs says investment banking backlog ended at record levels in Q1 - Says does not expect pace of Q1 client activity to continue throughout the year, but does expect it to "remain elevated."
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OCGN | Hot Stocks09:58 EDT Paper published in preprint on Covishield and Covaxin - A paper was published in preprint of MedRxiv on antibody response after the first dose of two vaccines, Covishield and Covaxin, in 552 Indian doctors. The summary states in part: "Amongst the 552 HCW, 456 and 96 received first dose of Covishield and Covaxin respectively. Overall, 79.3% showed seropositivity after the first dose. Responder rate and median rise in anti-spike antibody was significantly higher in Covishield vs. Covaxin recipient... While both vaccines elicited immune response, seropositivity rates to anti-spike antibody were significantly higher in Covishield recipient compared to Covaxin after the first dose. Ongoing COVAT study will further enlighten the immune response between two vaccines after the second dose." Ocugen previously stated in March: We are actively working with U.S. regulatory authorities to develop a plan around Emergency Use Authorization in the United States for COVAXIN and are preparing to file an Investigational New Drug application to initiate our first two clinical trials for OCU400 in the second half of this year. Proceeds from our recent registered direct offering provide the financial resources to drive our COVAXIN development efforts and ophthalmology pipeline forward." Reference Link
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AVTR | Hot Stocks09:53 EDT Senator Cornyn urges probe into Avantor for opioid epidemic role - In a letter to Attorney General Merrick Garland and Allison Herren Lee, the acting chair of the SEC, Senator John Cornyn of Texas called Avantor's connection to the U.S. opioid crisis "deeply troubling." He said, "I am writing to urge you to conduct an investigation of a publicly- traded American company for its apparent longstanding contribution to the opioid epidemic that killed 50,000 of our fellow citizens in 2019. Avantor's Mexican sales of an essential heroin-making chemical, called acetic anhydride, were easily diverted by narcotics traffickers, a Bloomberg Businessweek investigation found. "It is simply not credible to believe or argue" that Avantor "was not aware of the use of its product in Mexico for the production of heroin," Cornyn wrote. Shares of Avantor are down 14c to $32.83 in morning trading.
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XPEV | Hot Stocks09:52 EDT XPeng announces third production model, the P5 - XPeng Motors announced its third production model, the XPeng P5, which it calls "the world's first production smart EV equipped with automotive-grade LiDAR technology." The P5 "will bring Navigation Guided Pilot capabilities to city roads for the first time in a production vehicle, powered by XPeng's full-stack in-house developed autonomous driving system XPILOT 3.5," the company stated. The P5 will be featured at Auto Shanghai 2021 on April 19, with more details of its specifications, performance, pricing and availability, the company stated.
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GS | Hot Stocks09:43 EDT Goldman Sachs says focused on scaling consumer digital platform - Says U.S. poised for a "strong recovery" this year. Says global economic recovery dependent on progress made with COVID-19. Says "pleased" with how the company handled Archegos. Says client activity "extraordinarily high." Comments taken from Q1 earnings conference call.
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IDEX | Hot Stocks09:41 EDT Ideanomics subsidiary to supply 200,000 e-motorbikes to Indonesia - Tree Technologies, a Malaysian electric vehicles maker with a presence in the ASEAN market and a subsidiary of Ideanomics, has signed a partnership to supply 200,000 units of its 100% electric motorbikes to Indonesia, via distributors, PT Pasifik Sakti Enjiniring and the Nahdatul Ulama Board, the company announced. "The partnership extends Treeletrik's regional presence as a key player in promoting electric mobility, supporting ASEAN's energy transition agenda," said Tree. "The agreement spanning three years, will see Treeletrik supply electric motorbikes to be jointly marketed by PT Pasifik Sakti Enjiniring and PBNU for the Indonesian market. PT Pasifik Sakti Enjiniring which operates the electric motorbikes brand, MOLINUS, will now add Treeletrik's 100% electric motorbikes to its portfolio. A joint venture is also in the pipeline between Treeletrik and PT Pasifik Sakti Enjiniring to establish an assembly plant in Indonesia in anticipation of growing demand for the electric motorcycles. The move will serve as a positive boost to Indonesia's economy through talent development, job opportunities and technology transfer," the company added.
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DISCB | Hot Stocks09:38 EDT Discovery Communications trading resumes
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GME | Hot Stocks09:37 EDT GameStop rises after announcing voluntary early redemption of senior notes - Last night, GameStop announced that it issued an irrevocable notice of redemption to redeem $216.4M in principal amount of its 10.0% Senior Notes due 2023 on April 30, 2021. "This voluntary early redemption covers the entire amount of the outstanding Notes. Notes will be redeemed by the company using cash on hand, at a redemption price of 100% of their principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date of April 30, 2021, plus the applicable premium due to holders of the Notes in connection with an early redemption," GameStop stated. In early Wednesday morning trading, GameStop shares are up $13.63, or 10%, to $154.62.
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JNJ | Hot Stocks09:33 EDT EMA says 'expediting' evaluation of Johnson & Johnson COVID-19 vaccine - The European Medicines Agency said that, as announced last week, EMA's safety committee, or PRAC, is reviewing very rare cases of unusual blood clots that occurred in the United States following the use of Janssen's COVID-19 vaccine. The type of blood clot reported, cerebral venous sinus thrombosis, occurred in most cases in combination with low levels of blood platelets, the EMA noted. "EMA is investigating all the cases reported and will decide whether regulatory action is necessary. The Agency is working closely with the US FDA and other international regulators. EMA is expediting this evaluation and currently expects to issue a recommendation next week. While its review is ongoing, EMA remains of the view that the benefits of the vaccine in preventing COVID-19 outweigh the risks of side effects. The Agency's scientific opinions provide EU Member States with the information they need to take decisions on the use of vaccines in their national vaccination campaigns," the EMA announced. Reference Link
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DISCB | Hot Stocks09:33 EDT Discovery Communications trading halted, volatility trading pause
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BSGM | Hot Stocks09:29 EDT BioSig Technologies releases PURE EP Software Version 4 - BioSig Technologies announced the release of the PURE EP Software Version 4. The latest release builds on the main system capabilities of the PURE EP while improving the overall user experience. The software upgrade will be rolled out to all new and existing customers.
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JPM | Hot Stocks09:29 EDT JPMorgan CEO calls for 'level playing field' with 'neobanks'
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GILD | Hot Stocks09:27 EDT Everest: FDA grants granted accelerated approval of Trodelvy to Gilead - Everest Medicines announced that the U.S. FDA has granted accelerated approval of Trodelvy to Gilead Sciences, a licensing partner of Everest Medicines, for use in adult patients with locally advanced or metastatic urothelial cancer who have previously received a platinum-containing chemotherapy and either a programmed death receptor-1 or a programmed death-ligand 1 inhibitor.
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JPM | Hot Stocks09:26 EDT JPMorgan CEO says buying back stock because 'cup runneth over'
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KSS | Hot Stocks09:26 EDT Kohl's enters into settlement agreement with investor group - Kohl's announced that it has entered into a settlement agreement with Macellum Advisors , Ancora Holdings Legion Partners Asset Management and 4010 Capital, which collectively own 9.3% of Kohl's outstanding common stock, including options. As part of the agreement, two new independent directors nominated by the Investor Group, Margaret Jenkins and Thomas Kingsbury, will join the Kohl's Board of Directors (the "Board"), as of the close of the 2021 Annual Meeting of Shareholders. An additional independent director identified by Kohl's, and agreed to by the Investor Group, Christine Day, will join the Board at the same time. "We are pleased to further strengthen our Board with the addition of Christine, Margaret and Tom as part of our continued refreshment process" said Kohl's Chairman Frank Sica. "Today's agreement reflects our Board's ongoing dialogue with our shareholders and our commitment to maximizing long-term value for all stakeholders. We welcome the new directors and look forward to their perspectives as we continue to execute Kohl's growth strategy." Kohl's CEO Michelle Gass said, "I look forward to working with our newly expanded Board to further advance our transformative strategy and deliver results for shareholders. Amidst ongoing industry disruption and evolving consumer trends, we are uniquely positioned to build on our momentum and accelerate growth and profitability." Additionally, the Company announced that it received notice from Steve Burd that he will retire from the Board at the end of August, and from Frank Sica that he will retire from the Board next year in connection with the Company's 2022 Annual Meeting of Shareholders.
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MRNA | Hot Stocks09:24 EDT Moderna says COVID-19 vaccine seen 90% effective against all cases at six months - Last night, Moderna shared an update on the Phase 3 COVE study of the Moderna COVID-19 Vaccine, mRNA-1273. "An updated review of adjudicated cases has identified over 900 cases of COVID-19 in the COVE study as of April 9th, including over 100 cases of severe COVID-19, as defined in the protocol, with a median follow-up of approximately 6 months post dose 2. Vaccine efficacy starting two weeks following the second dose and based on the updated adjudicated cases remains consistent with prior updates, including greater than 90% against all cases of COVID-19, and greater than 95% against severe cases of COVID-19. As of April 13, all placebo participants have been offered the Moderna COVID-19 Vaccine and 98% of those have received the vaccine. The COVE study is ongoing and reported results remain preliminary. Throughout the year, Moderna will be sharing updated data from the Phase 3 COVE study including efficacy against asymptomatic infection, genotyping data, additional antibody persistence data and information regarding potential correlates of protection," Moderna stated. In addition, Moderna said that in the fourth quarter of 2020, the company delivered approximately 17M doses to the U.S. government. For the first quarter of 2021, the company delivered approximately 88M doses to the U.S. government and approximately 14M doses to other customers. Through April 12, 2021, Moderna cumulatively delivered approximately 132M doses globally, including approximately 117M doses to the U.S. government and approximately 15M doses delivered from Moderna's ex-U.S. supply chain. The company said it remains on track to deliver the second 100M doses to the U.S. government by end of May 2021 followed by another 100M additional doses by end of July 2021. "The ex-U.S. supply chain was established approximately one quarter behind the U.S. supply chain and continues to ramp up," Moderna added.
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TRNO | Hot Stocks09:21 EDT Terreno Realty acquires property in Kent, WA for $10M - Terreno Realty acquired an industrial property located in Kent, Washington on April 13 for a purchase price of approximately $10M. The property consists of one industrial distribution building containing approximately 40,000 square feet and one flex building containing approximately 27,000 square feet on 4.4 acres. The property is at 21414 68th Avenue South in the northern Kent Valley, provides 8 dock-high and five grade-level loading positions and parking for 105 cars. The property is 100% leased to 3 tenants and the estimated stabilized cap rate is 5.5%. Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer's due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.
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ALIM | Hot Stocks09:20 EDT Alimera Sciences trading resumes
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JPM | Hot Stocks09:19 EDT JPMorgan CEO 'completely open-minded' on acquisitions
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VVOS | Hot Stocks09:18 EDT Vivos Therapeutics names Mimi Guarneri medical director of clinical education - Vivos Therapeutics announced the appointment of Mimi Guarneri, MD, FACC as an independent consultant serving in the role of Medical Director of Clinical Education, effective April 1, 2021. Guarneri is Board-certified in Cardiovascular Disease, Internal Medicine, Nuclear Cardiology, and Integrative Holistic Medicine. Dr. Guarneri is a Founder and President of The Academy of Integrative Health and Medicine. She serves on the Founding Board of the American Board Physician Specialties in Integrative Medicine and is a Clinical Associate Professor at the University of California, San Diego.
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T | Hot Stocks09:18 EDT AT&T to invest $2B over next three years to help address digital divide - AT&T announced it will invest $2B over the next three years to help address the digital divide. "This renewed commitment to the communities we serve combines AT&T's low-cost broadband service offerings with community investment. And it builds on the company's contribution of $1 billion over the last 3 years toward helping the nation's most vulnerable communities. We're dedicated to doing our part to bring affordability, educational resources, and economic opportunity to the millions of Americans who don't have broadband connectivity today." "We believe that broadband connectivity is essential for all Americans," said John Stankey, CEO, AT&T. "Our broadband networks rose to the challenge of the pandemic in part due to policies that promoted private sector investment in multiple technologies and networks. AT&T is investing in and expanding the reach of our broadband networks while also advocating for effective and sustainable public policies that help close this country's digital divide."
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KSS | Hot Stocks09:17 EDT Kohl's enterers into a settlement agreement with investor group - Kohl's announced that it has entered into a settlement agreement with Macellum Advisors , Ancora Holdings Legion Partners Asset Management and 4010 Capital, which collectively own 9.3% of Kohl's outstanding common stock, including options. As part of the agreement, two new independent directors nominated by the Investor Group, Margaret Jenkins and Thomas Kingsbury, will join the Kohl's Board of Directors (the "Board"), as of the close of the 2021 Annual Meeting of Shareholders. An additional independent director identified by Kohl's, and agreed to by the Investor Group, Christine Day, will join the Board at the same time. "We are pleased to further strengthen our Board with the addition of Christine, Margaret and Tom as part of our continued refreshment process" said Kohl's Chairman Frank Sica. "Today's agreement reflects our Board's ongoing dialogue with our shareholders and our commitment to maximizing long-term value for all stakeholders. We welcome the new directors and look forward to their perspectives as we continue to execute Kohl's growth strategy." Kohl's CEO Michelle Gass said, "I look forward to working with our newly expanded Board to further advance our transformative strategy and deliver results for shareholders. Amidst ongoing industry disruption and evolving consumer trends, we are uniquely positioned to build on our momentum and accelerate growth and profitability." Additionally, the Company announced that it received notice from Steve Burd that he will retire from the Board at the end of August, and from Frank Sica that he will retire from the Board next year in connection with the Company's 2022 Annual Meeting of Shareholders.
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BWAY | Hot Stocks09:16 EDT Brainsway announces 100,000 patients treated with Deep TMS - BrainsWay announced that 100,000 patients have been treated globally with Deep transcranial magnetic stimulation.
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CSSE | Hot Stocks09:15 EDT Chicken Soup for the Soul's Crackle App launches on Xfinity X1, Xfinity Flex - Chicken Soup for the Soul Entertainment announced the launch of the Crackle app on Comcast's Xfinity X1 and Xfinity Flex.
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CTRM | Hot Stocks09:15 EDT Castor Maritime announces deliveries of M/V Magic Twilight, M/V Magic Thunder - Castor Maritime announces that on April 9, 2021, it took delivery of the M/V Magic Twilight, a 2010 Korean-built Kamsarmax dry bulk carrier, and on April 13, 2021, it took delivery of the M/V Magic Thunder, a 2011 Japanese-built Kamsarmax dry bulk carrier, pursuant to the transactions previously announced on February 18 and March 12, 2021, respectively. Both acquisitions were financed in their entirety with cash on hand. The M/V Magic Twilight commenced employment under a time charter contract on April 13, 2021, at a daily gross charter rate of $19,000 with an expected term of about 20 days. The M/V Magic Thunder is expected to commence employment under a time charter contract on or around April 17, 2021, at a daily gross charter rate of $18,900 with an expected term of about 60 days.
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JPM | Hot Stocks09:14 EDT JPMorgan CEO: Plenty of organic growth opportunities we want to invest in
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CRMD | Hot Stocks09:14 EDT CorMedix meets with FDA on DefenCath catheter lock solution NDA - CorMedix announced that it has met with the US Food and Drug Administration to discuss proposed resolutions for the deficiencies identified in the Complete Response Letter to CorMedix and the Post-Application Action Letter received by the third-party manufacturer from FDA for the New Drug Application for DefenCath. Representatives from both CorMedix and the CMO participated in the meeting with FDA to ensure that there is alignment on addressing the Agency's concerns. There is now an agreed upon protocol for the manual extraction study identified in the CRL that FDA is requiring as confirmation of in-process controls to demonstrate that the labeled volume can be consistently withdrawn from the vials. As anticipated previously, CorMedix expects to be able to complete this requirement in the next several weeks. Addressing FDA's concerns regarding the qualification of the filling operation may necessitate adjustments in the process and generation of additional data on operating parameters for manufacture of DefenCath. CorMedix and the CMO are currently evaluating available data to determine if additional process qualification will be needed with subsequent validation to address these issues. The FDA stated that the review timeline would be determined when the NDA resubmission is received and that it expected all corrections to facility deficiencies to be complete at the time of resubmission so that all corrective actions may be verified during an on-site evaluation in the next review cycle, if the FDA determines it will do an onsite evaluation. CorMedix and the CMO continue to work closely to ensure that the identified deficiencies are resolved prior to resubmission of the DefenCath NDA. CorMedix will provide updates on the timeline as resolution of the deficiencies proceeds.
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ALIM | Hot Stocks09:12 EDT Alimera Sciences receives $20M from Ocumension Therapeutics - Alimera Sciences announced that Ocumension Therapeutics has acquired an exclusive license agreement for Alimera's 0.19mg fluocinolone acetonide intravitreal implant, which Alimera markets elsewhere under the trademark ILUVIEN. The license grants Ocumension the rights to develop and commercialize the product for the treatment of diabetic macular edema and other retina diseases in the Greater China territory and other Western Pacific countries under Ocumension's own distinct trademark. Additionally, Ocumension has made a $10M equity investment in Alimera via a private offering. Under the terms of the exclusive license agreement, Alimera may receive a total of up to $99M, including an upfront payment of $10M and a potential $89M in sales-based milestone payments. In exchange, Ocumension will receive exclusive rights to develop and commercialize the product under its own branded label in Mainland China, Hong Kong SAR, Macau SAR, Taiwan District, South Korea, Brunei, Cambodia, East Timor, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. Alimera will also be the exclusive supplier of product to Ocumension for commercial sale at an agreed upon transfer price. Under the terms of a share purchase agreement, Ocumension has purchased 1,144,945 shares of Alimera's common stock at a price of approximately $8.73 per share, or $10M in total. Ocumension has agreed to issue to Alimera 1,000,000 non-transferable warrants granting Alimera the right for a period of four years to subscribe to up to an aggregate of 1,000,000 shares of Ocumension stock at the subscription price of HK$23.88 per warrant share, subject to adjustment. The issuance of the warrants to Alimera is subject to certain conditions precedent.
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LHX | Hot Stocks09:11 EDT L3Harris American and Rheinmetall team on US Army's new fighting vehicle - L3Harris Technologies and American Rheinmetall Vehicles have signed a teaming agreement to jointly develop the U.S. Army's new Optionally Manned Fighting Vehicle, OMFV, which will replace the Bradley Infantry Fighting Vehicle.he agreement combines L3Harris' open system design and equipment manufacturing leadership with the maturity and modularity of American Rheinmetall Vehicles' Lynx next-generation fighting vehicle for an OMFV offering that is low-risk and easily upgradable. American Rheinmetall Vehicles, the prime contractor, selected L3Harris to provide vehicle mission systems, cybersecurity and its modular open systems approach MOSA, for the Lynx. L3Harris' MOSA can enable cross-platform and cross-domain commonality of parts and subsystems to allow for easy and afford
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SQ | Hot Stocks09:09 EDT Square extends lending arm to Australian businesses - Square announced it will be rolling out Square Loans in Australia, calling it a program "that helps small businesses grow by giving them quick and simple access to funds." Square added that Australia "will be the first global market, outside of the US, where the payments company will launch its lending product." Reference Link
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NCLH | Hot Stocks09:09 EDT Norwegian Cruise Line donates $100,000 in gift cards to support Longshoremen - Norwegian Cruise Line Holdings donates $100,000 in Visa gift cards to help support the cruise members of the International Longshoremen's Association Local 1416 who have been significantly impacted by the ongoing halt in cruising in the United States for over a year. The Company also announced its 'Safe to Sail' campaign, a grassroots initiative to urge lawmakers to allow cruising to resume in the United States this July and restore the hundreds of thousands of jobs, including the cruise longshoremen, impacted during the cruise suspension. The Company recently submitted a plan to recommence cruising with mandatory vaccinations and its SailSAFE health and safety protocols and is awaiting further discussion with the Centers for Disease Control and Prevention. The plan is consistent with the CDC's updated guidance that international travel is safe for fully vaccinated individuals and that COVID-19 vaccination efforts will be critical in the safe resumption of cruise ship travel.
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CMTL | Hot Stocks09:07 EDT Comtech awarded orders totaling $3.8M with tier-one mobile network operator - Comtech Telecommunications that during its third quarter of fiscal 2021, its Location Technologies group, a division of Comtech's Commercial Solutions segment, has finalized orders aggregating over $3.8 million with a tier-one mobile network operator. These orders are for additional capabilities on Comtech's Virtual Mobility Location Center platform including Kubernetes, which provides a system for automating deployment, scaling, and operations of application containers across clusters of hosts. "This key tier-one mobile network operator has been a Comtech customer for many years, using a variety of location-based platforms, producing valuable results for their end customers," said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. "These orders reinforce our partnership with this major U.S.-based carrier, deepening our lengthy existing relationship." The Location Technologies group of Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track, and message.
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BLIN | Hot Stocks09:07 EDT Bridgeline selected to power digital strategy for military apparel provider - Bridgeline Digital announced it has been selected to power the digital strategy for a military apparel provider.
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SHIP | Hot Stocks09:06 EDT Seanergy Marine announces loan facility of $37.45M - Seanergy Maritime Holdings announced that the Company received a commitment letter from one of its existing lenders for a $37.45M facility. The proceeds will be used to refinance the $24.45M existing facility secured by the M/V Squireship and the M/V Leadership and will be secured as well by currently unencumbered M/V Lordship. Pursuant to the commitment letter, the earliest maturity date of the New Facility will be in December 2024 and the interest rate will be 3.5% plus LIBOR per annum. The approval is subject to completion of definitive documentation. The incremental liquidity of approximately $12M is expected to be used for the financing of the Company's recently announced new vessel acquisitions. Moreover, the Company is in advanced discussions for the financing of one of its previously announced vessel acquisitions, the M/V Flagship, through a $20.5M leasing arrangement at competitive terms.
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OMC | Hot Stocks09:05 EDT Omnicom Health Group acquires Archbow Consulting, terms not disclosed - Omnicom Health Group, part of Omnicom Group, announced that it has acquired Archbow Consulting. Established in 2017 by industry veterans Douglas Bock, Kevin Cast, and DeWayne Manning, Archbow helps pharmaceutical and biotech companies design, build, and optimize market access operations, product distribution, and patient access hubs. Bock, Cast, and Manning will continue to lead the company as part of the Entree Health network, Omnicom Health Group's dedicated value and access center of excellence.
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SOS | Hot Stocks09:05 EDT SOS Limited receives third batch of crypto minings rigs - SOS Limited has received the third batch of 5464 cryptocurrency mining rigs. Once this batch of mining rigs go live, the company expects that the pool of rigs will be able to generate about 177 Peta-Hashes per second for mining Bitcoin and 356 Giga-Hashes per second for mining Ethereum. The company's mining operations in Q1 have generated 42 Bitcoins and 916 ETH. This is for a partial quarter of operation. CFO Steven Li said, "These mining results reflect the first quarter of operations, and the number of Bitcoins and Ethereum are higher than what we originally anticipated. We expect our output to grow in future quarters as we complete the installation of our third batch of mining rigs and have full quarters of operation."
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PRAX | Hot Stocks09:05 EDT Praxis Precision Medicines receives orphan drug designation for PRAX-562 - Praxis Precision Medicines announced that the U.S. Food and Drug Administration has granted orphan drug designation for PRAX-562 for the treatment of SCN8A development and epileptic encephalopathy. PRAX-562 is currently being evaluated in a Phase 1 clinical trial in adult healthy volunteers.
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MDT | Hot Stocks09:04 EDT Medtronic announces European launch of Medtronic Extended infusion set - Medtronic introduced in select European countries the Medtronic Extended infusion set, the first and only infusion set that can be worn for up to 7 days. An infusion set is tubing that delivers insulin from the pump to the body and typically requires a set change every few days. This innovation doubles the length of time an infusion set can be worn so users can safely stay on insulin pump therapy with fewer interruptions and insertions1 while introducing enhanced convenience and comfort to their diabetes management routine. The Medtronic Extended infusion set recently received positive feedback about the experience from more than 100 insulin pump users in Finland who had a chance to use this product as part of a patient evaluation program. The set is compatible with all MiniMed 600 and 700 series insulin pumps.
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EOSE | Hot Stocks09:04 EDT Eos Energy Enterprises acquires remaining 51% stake in HI-POWER - Eos Energy Enterprises announced the acquisition of the remaining 51% ownership stake in HI-POWER. Eos expects the acquisition to enhance its operational and financial flexibility through the vertical integration of its supply chain. Formed in August 2019, HI-POWER is a manufacturing facility joint venture with Holtec International located near Pittsburgh, Pennsylvania and in close proximity to more than 80% of Eos's suppliers. HI-POWER, which has exclusive manufacturing rights in North America, was established to expand production of Eos's proprietary aqueous Znyth batteries. The acquisition gave Eos the remaining and controlling interest in HI-POWER, including all assets and intellectual property. Eos will pay back Holtec's initial $10M capital contribution in HI-POWER in addition to five annual installments of $5M. Following the closing of the acquisition, Eos assumed full control over the supply chain, back-office functions, HI-POWER personnel, and day-to-day management. Eos will continue to manufacture its non-toxic, non-flammable energy storage systems at the facility, where it employs more than 100 technicians. Additionally, Holtec will continue to serve as a preferred sales partner given its relationships with utility companies around the world. Kris Singh, CEO of Holtec, will step down from Eos's Board of Directors effective immediately. Eos will seek to strategically add a new Board member over the coming months.
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LKCO | Hot Stocks09:02 EDT Luokung Technology regains compliance with Nasdaq minimum bid price requirement - Luokung Technology received a letter from Nasdaq notifying the company that it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement. The letter noted that as of April 8, the company evidenced a closing bid price of its ordinary shares at or greater than the $1.00 per share minimum requirement for the last 20 consecutive business days, from March 11 through April 8, and Nasdaq considers the matter closed.
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SPLK | Hot Stocks09:02 EDT Carahsoft agreement for Splunk solutions designated CETA by DoD - Carahsoft Technology announced that its Blanket Purchase Agreement for Splunk Inc. solutions has been designated a Core Enterprise Technology Agreement by the Department of Defense. The CETA designation, valued at $833M in potential spend over 10 years, is part of the DoD's Enterprise Software Initiative to ensure technical dominance across defense agencies, intelligence communities and Coast Guard. To fulfill this initiative and accelerate technology innovation and adoption, Splunk will provide asset management and cybersecurity software, software maintenance support, professional services, training and more.
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QCOM | Hot Stocks09:01 EDT Qualcomm raises quarterly dividend to 68c from 65c per share - Payable on June 24 to stockholders of record at the close of business on June 3.
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JPM | Hot Stocks08:58 EDT JPMorgan sees pickup in consumer loan demand in 2H
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JPM | Hot Stocks08:57 EDT JPMorgan CFO: 17% ROTCE still feels achievable
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JPM | Hot Stocks08:48 EDT JPMorgan sees FY21 adjusted expense of $17B
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JPM | Hot Stocks08:48 EDT JPMorgan expects FY21 card NCO of 2.5% +/-
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LIZI | Hot Stocks08:48 EDT Lizhi partners with Tiger Brokers to develop branded podcast channel - Lizhi announced its official partnership with Tiger Brokers, an online brokerage firm focusing on global investors, to create a branded podcast channel through Lizhi Podcast, the company's vertical podcast platform. Founded in 2014, Tiger Brokers is an online brokerage firm focusing on global Chinese investors.
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JPM | Hot Stocks08:48 EDT JPMorgan sees FY21 NII around $55B
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CVLY | Hot Stocks08:47 EDT Codorus Valley Bancorp board declares special dividend of 2c per share - On April 13, 2021, the Board of Directors of Codorus Valley Bancorp declared a regular quarterly cash dividend of 11c per common share, payable on May 11, 2021, to shareholders of record at the close of business on April 27, 2021, which is the same as the prior quarter's regular cash dividend. In addition, the Board declared a special cash dividend of 2c per common share, payable on May 11, 2021, to shareholders of record at the close of business on April 27, 2021, which is the same as the prior quarter's special cash dividend.
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JPM | Hot Stocks08:43 EDT JPMorgan CFO sees 2Q21 'closer to' 2Q19
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JPM | Hot Stocks08:42 EDT JPMorgan: M&A momentum likely to continue, pipeline higher than it's ever been
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FIXX | Hot Stocks08:40 EDT Homology Medicines announces two presentations on phenylketonuria, MPS II - Homology Medicines announced two presentations highlighting clinical and preclinical data from the company's phenylketonuria, or PKU, and MPS II, or Hunter syndrome, in vivo gene therapy programs, respectively, at the virtual American College of Medical Genetics and Genomics Annual Clinical Genetics Meeting. In the poster titled, "The pheNIX Trial: First-In-Human Gene Therapy Trial for PKU Due to Phenylalanine Hydroxylase Deficiency," Olaf Bodamer, M.D., Ph.D., presented results from the dose-escalation phase of the pheNIX trial, which is evaluating Homology's lead gene therapy candidate, HMI-102, in adults with PKU. These data showed that HMI-102 was generally well-tolerated and resulted in marked reductions in phenylalanine and the Phe-to-tyrosine ratio at two doses. Recruitment is ongoing for the Phase 2 randomized, concurrently controlled, dose expansion phase of the pheNIX trial, with initial data expected this year. In an additional poster titled, "HMI-203: Gene Therapy Development Candidate for Mucopolysaccharidosis Type II, or Hunter Syndrome," a single I.V. dose of HMI-203 in the adult murine model led to robust biodistribution and sustained human I2S enzyme expression, ameliorated paw deformities and also led to uptake of hI2S from the serum of the HMI-203-treated model in human cell lines.
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TVTY | Hot Stocks08:40 EDT Tivity Health appoints new Information and Experience and Innovation officers - Tivity Health appointed Sarah Richardson as Chief Information Officer and Stacey Santo as Chief Experience and Innovation Officer. Richardson will lead the delivery of the digital engagement platform as well as the expansion of the company's customer relationship management tools and data strategy. She joins Tivity Health from Optum where she served as CIO for the California and Nevada markets and was most recently the Vice President of IT Change Leadership for Optum Care. Santo will lead innovation initiatives. Most recently, Santo served as a digital consultant for the Independence Blue Cross Medicare business. Prior to that she was the Executive Vice President/General Manager of Digital Strategy and Consumer Engagement for ASICS Digital.
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JPM | Hot Stocks08:40 EDT JPMorgan CFO: Hard to envision organic loan growth at pace with QE
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EVBG | Hot Stocks08:39 EDT Everbridge, U.S. Army sign new three-year contract for software solutions - Everbridge announced that the U.S. Army signed a new three-year contract for its software solutions to power JARVISS, the U.S. DoD's enterprise system for threat visibility. The new contract also includes two U.S. Air Force major and subordinate commands, Air Force Materiel Command and Air Force North, which committed to adopting JARVISS to advance their respective threat information sharing and analytics capabilities.
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JPM | Hot Stocks08:39 EDT JPMorgan CFO: Buyback capacity of $7.4B in Q2 after dividend
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BTN | Hot Stocks08:39 EDT STRONG Technical Services launches STRONG Restart initiative - STRONG Technical Services announced the launch of its STRONG Restart initiative deploying 10 BrightNight Drive In packages across the U.S. Each package is equipped with the Company's Preview and Northview products, which consist of a mobile projection trailer and large 40' x 20' inflatable screen solution. STS will offer the package to select exhibitors for one weekend at no expense, to help cinemas safely bring customers back for the Summer 2021 blockbuster season.
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GBOX SBNY | Hot Stocks08:38 EDT GreenBox selects Signature Bank for smart-contract token infrastructure - GreenBox (GBOX) announced the company has selected Signature Bank (SBNY) as the banking solution to meet its smart-contract token infrastructure needs. This completes one of four necessary steps in GreenBox's strategy to deploy its smart-contract token technology. GreenBox will integrate with Signature Bank at the native level through APIs to ensure the ecosystem can operate the ledger continuously and in real-time, unimpacted by business hours or other closures.
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MANH HOME | Hot Stocks08:37 EDT At Home Group selects Manhattan Active Omni to improve sales and services - Manhattan Associates (MANH) announced that At Home Group (HOME) has chosen to implement Manhattan Active Omni's market-leading order management system to improve its sales, service and fulfillment operations. At Home's implementation of Manhattan's technology will "help establish the foundation for the retailer's future ecommerce enhancements, such as optimizing inventory availability across its store network," the company said.
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GSAT | Hot Stocks08:37 EDT Globalstar Brazil teams with Cisa for Brazil oil and gas asset management - Globalstar do Brasil Land Cisa Trading, a company with 25 years of experience in trading operations within the oil and gas sector have partnered together to bring asset management solutions to Brazil. Already showing early success, the partnership has delivered improved operations within the supply and management of one of the biggest oil and gas companies in the world. As a requirement from the contractor, all 4,400 Cisa Trading containers require tracking and monitoring via satellite technology as they are moved in remote areas out of cellular coverage.Globalstar SmartOne Solar devices were selected to meet operational requirements. Powered by solar energy and with ATEX, IECEx, IP68/69K and HERO certifications, this powerful device can be operational for up to 10 years with little to no maintenance, bringing efficiency and cost reduction to operations. "The O&G sector is a very concentrated and competitive vertical in Brazil. We are excited to have the opportunity to procure this business and confident the partnership with Cisa Trading will deliver an effective long-lasting solution to the contractor," said Juan Porras, General Manager of Globalstar for Latin America. "This is just one of many key steps in our company's strategy to expand our IoT business in key verticals across the region and the globe." "For our company it was an excellent opportunity to offer our client a state-of-the-art solution for controlling the location and movement of its assets, optimizing the use of the equipment and interacting proactively with its operational team. This strategic alliance demonstrates the confidence we have in the Brazilian oil and gas market and in the potential of our client," said Edward Karic, Executive Director of Cisa Trading Oil and Gas Division.
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WETF... | Hot Stocks08:36 EDT WisdomTree lists Bitcoin ETP on Borse Xetra - WisdomTree announced its physically-backed Bitcoin ETP has listed on Germany's Borse Xetra. The WisdomTree Bitcoin ETP has a total expense ratio of 0.95% and is already listed on SIX, the Swiss Stock Exchange. The listing of the WisdomTree Bitcoin ETP on Borse Xetra follows approval from the Swedish regulator to distribute this ETP across the European Union.
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LIVE | Hot Stocks08:35 EDT Live Ventures announces appointment of Eric Althofer as chief operating officer - Live Ventures announced that, effective April 10, Eric Althofer joined the company as Chief Operating Officer and Managing Director for Corporate Finance. Jon Isaac, CEO of Live Ventures, welcomed Althofer to the leadership team: "I'm delighted that Eric has joined Live Ventures. He is uniquely qualified for the role and will be a valuable contributor to implementing our strategic vision. On a personal note, we actually met on opposite sides of a business negotiation. I was so impressed with Eric's acuity and talent that I later spoke with him about a role with us." Althofer most recently served as a director of Capitala Investment Advisors, joining the firm in 2014. His primary responsibilities included transaction screening, structuring and due diligence execution.
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JPM | Hot Stocks08:35 EDT JPMorgan had record net long-term inflows in AWM in Q1 - Comments taken from Q1 earnings conference call.
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ZKIN | Hot Stocks08:34 EDT ZK International Group enters LOI to form joint venture with Altbanc - ZK International Group is pleased to announce that the company has entered into a Letter of Intent to form a joint-venture with Altfunding, doing business as "Altbanc", a privately-held alternative lending platform. The Joint Venture will be branded as "xSigma Lending" where Altbanc will hold 49% ownership and ZKIN will hold 51% ownership. The purchase price is $2M. The new partnership is expected to accelerate Altbanc's business development, while providing income yielding returns and value for ZKIN and its shareholders.
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CACI | Hot Stocks08:34 EDT CACI awarded seven-year $376M U.S. Department of Agriculture task order - CACI announced that it was awarded a seven-year task order, with a ceiling value of $376M, to provide mission technology to the U.S. Department of Agriculture to sustain and modernize the department's web based supply chain management, or WBSCM, system, which supports domestic and international food and nutrition programs administered by the USDA and USAID. Under the task order, awarded under the GSA Alliant II contract vehicle, CACI will provide continued sustainment and business process improvements to USDA's WBSCM system, including a cloud migration, modernization to SAP S/4HANA, and deployment of additional Salesforce capabilities. These improvements will help increase the productivity and lower the sustainment costs of USDA's food and nutrition assistance programs by modernizing and automating software functions.
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IMAB | Hot Stocks08:34 EDT I-MAB announces presentation on uliledlimab at ASCO 2021 meeting - I-Mab announced that its abstract on CD73 antibody uliledlimab has been selected for detailed poster presentation at the 2021 American Society of Clinical Oncology Annual Meeting, taking place virtually June 4-8, 2021. Uliledlimab is a humanized CD73 antibody that works effectively as an anti-tumor agent through modulation of the tumor microenvironment by inhibiting the adenosine pathway that is implicated in tumor resistance to checkpoint immunotherapies. Uliledlimab is shown to strongly suppress tumor growth, especially when combined with a PD-(L)1 inhibitor, in pre-clinical studies. Uliledlimab interacts with a unique epitope involving a novel intra-dimer binding mode that enables its differentiated and favorable drug properties. I-Mab presented a poster on the mechanistic findings underlying the differentiation, together with the preclinical research of uliledlimab, on April 10 at the 2021 American Association for Cancer Research Annual Meeting. I-Mab has made significant progress in the global clinical development of uliledlimab. In February 2021, I-Mab has completed the initial assessment of its U.S. clinical study investigating uliledlimab as a monotherapy lead-in followed by combination with atezolizumab in patients with solid tumors. Topline results from the clinical study under contract with TRACON show that uliledlimab is safe and well tolerated at the dose range evaluated and demonstrate clinical activity in patients with advanced solid tumors.
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ONCS | Hot Stocks08:33 EDT OncoSec's GenPulse device receives CE mark certification - OncoSec has received authorization to CE mark its proprietary go-to-market gene delivery device, GenPulse, a part of the OncoSec Medical System electroporation device platform for use in solid tumors. The CE mark certification augments the Notified Body certification to the International Organization for Standardization's 13485 standard for the design, development, manufacture and distribution of electroporation devices. The GenPulse is the gene electrotransfer device which OncoSec plans to deploy commercially, both in the U.S. and the EU. This OMS electroporation device applies short electric impulses to a tumor, causing pores to open in the membrane of cancer cells.
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AGEN | Hot Stocks08:33 EDT Agenus doses first patient with iNKT cell therapy - Agenus announced the dosing of the first cancer patient with agenT-797, an allogeneic iNKT cell therapy, in a Phase 1 clinical trial through its subsidiary, AgenTus Therapeutics. The Phase 1 trial has been initiated in hematologic cancers, with expansion into solid tumors expected to begin shortly. Led by Clifton Mo, MD, the Phase I dose-escalation trial will explore the safety, tolerability, and preliminary clinical activity of agenT-797 in patients with relapsed/refractory multiple myeloma. Agenus anticipates initial data readouts for the Phase 1 study in the fourth quarter of 2021. A Phase 1 trial of agent-797 for intubated patients with moderate to severe symptoms of COVID-19 was initiated in late 2020. Preliminary data show no adverse events attributable to agent-797 and suggest early signals of activity. Dose escalation is expected to be completed in the first half of 2021 with expansion into a Phase 2 trial with data readouts expected this year.
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AEGN | Hot Stocks08:33 EDT Aegion, New Mountain affiliates amend merger agreement to $30 per share in cash - Aegion Corporationnnounced that it has entered into a second amendment to the definitive merger agreement with affiliates of New Mountain Capital to increase the consideration payable to holders of outstanding shares of Aegion common stock to $30.00 per share in cash from $27.00 per share in cash. The revised transaction price represents a total enterprise value of $1.1B, including net debt. The revised per-share price represents a premium of 40% and 48% to Aegion's closing share price and 30-day VWAP, respectively, as of February 12, 2021, the last trading day prior to announcing the definitive merger agreement with New Mountain. Pursuant to the amendment, as consideration for the increased purchase price, the break-up fee payable by Aegion in certain circumstances has increased from $40 million to $50M. The termination fee payable by Buyer to Aegion in certain circumstances has also increased from $70M to $90M. In evaluating this amendment, in consultation with its outside legal and financial advisors, Aegion's Board of Directors gave due consideration to a revised proposal received from an unsolicited third party to acquire 100% of the shares of Aegion for $30.00 per share in cash. The Third-Party Proposal followed discussions and negotiations between the Third Party and management in the last few weeks following the disclosure on March 22, 2021 of the Board's determination that an unsolicited proposal from the Third Party for $28.50 per share in cash could reasonably be expected to result in a "Superior Proposal." In making its decision, the Board carefully assessed the relative benefits and risks of the revised proposals from both New Mountain and the Third Party. The Board determined that, based on the consideration payable to stockholders and the superior certainty and anticipated timing to close the transaction with New Mountain, Aegion's entry into the amendment with New Mountain is in the best interests of Aegion's stockholders. Aegion's Board of Directors recommends that Aegion stockholders vote to approve the amended New Mountain Merger Agreement and related proposals at the special meeting of Aegion stockholders scheduled for May 14, 2021. Stockholders of record as of March 31, 2021, are entitled to vote at that meeting.
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BIOX | Hot Stocks08:33 EDT Bioceres Crop Solutions announces transfer to Nasdaq stock market - Bioceres Crop Solutions announced that it will voluntarily transfer its stock exchange listing from the NYSE American to The Nasdaq Global Select Market. Trading on the Nasdaq Global is expected to commence on April 27. The last day of trading on the NYSE will be April 26. Bioceres' stock will continue to trade under its existing "BIOX" symbol. "We look forward to partnering with Nasdaq and building greater awareness for us as an Agriculture Technology company focused on sustainable solutions and carbon neutrality," said Enrique Lopez Lecube, Chief Financial Officer of Bioceres. "Nasdaq's global exchange is an ideal fit for us as it represents some of the leading biotech, technology and Ag-Tech companies in the world. In addition, the move will align with Bioceres' current ESG initiatives and Nasdaq's ESG platform and suite of products and services. We would also like to thank the NYSE for being our listing partner since 2019." "We are privileged to welcome Bioceres to Nasdaq's family of sustainability focused and innovative companies," said Nelson Griggs, President of the Nasdaq Stock Exchange. "Nasdaq is committed to preserving our planet's natural resources, and Bioceres' platform of high-impact technologies around sustainable products is a welcome addition. We look forward to working with and supporting Bioceres as we all strive to achieve a carbon neutral economy."
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OEG | Hot Stocks08:32 EDT Orbital Energy completes acquisition Gibson Technical Services for $48M - Orbital Energy announced the completion of its previously announced acquisition of 100% of the capital stock of Gibson Technical Services, an Atlanta-based telecommunications company, effective April 13. Upon completion of the acquisition, GTS became a wholly-owned subsidiary of OEG. The senior management team, including CEO, Mike McCracken, COO, Jon Martin, and CFO, Robert Moore will remain with the company. OEG expects no organizational changes to GTS's successful, long-term operations. The acquisition will immediately add significant revenues and earnings to OEG. For the calendar year 2020, GTS's audited results include gross revenues of approximately $40M, gross profit of $6.8M and unaudited adjusted EBITDA of $5.5M. For 2021, GTS expects to generate revenues of approximately $50M and EBITDA of $8M. The gross purchase price for the outstanding shares in GTS was $48M or approximately 6x GTS's forecasted 2021 EBITDA. The purchase was funded by OEG's available cash resources and 2-year restricted shares of OEG common stock.
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ALIM | Hot Stocks08:25 EDT Alimera Sciences trading halted, news pending
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QADA | Hot Stocks08:17 EDT Qad Inc. signs partnership agreement with Ceramtech Consultaria - Qad Inc. announced that it has signed a partnership agreement with Ceramtech Consultaria, designating Ceramtech as a channel partner in Brazil. The partnership agreement allows Ceramtech to market and sell Qad Adaptive ERP in Brazil to manufacturing companies in the automotive, industrial, consumer packaged goods and life sciences industries.
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BCRX | Hot Stocks08:16 EDT BioCryst announces approval of Japanese NHI price listing of ORLADEYO - BioCryst Pharmaceuticals announced that the Japanese National Health Insurance System has approved the addition of oral, once-daily ORLADEYO to the NHI drug price list on April 21, 2021. Oral, once-daily ORLADEYO was approved in Japan in January 2021 for prophylactic treatment of hereditary angioedema in adults and pediatric patients 12 years and older. ORLADEYO will be commercialized in Japan by BioCryst's partner, Torii Pharmaceutical. Torii plans to launch ORLADEYO following the NHI drug price listing. The NHI price listing triggers a $15M milestone payment from Torii to BioCryst. In addition, BioCryst will receive tiered royalties ranging from 20 percent to 40 percent of Japanese net sales.
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PHUN | Hot Stocks08:13 EDT Phunware releases Loyalty Software Development Kit for PhunToken issuances - Phunware announced that it has released its Loyalty Software Development Kit for Apple iOS and Google Android on GitHub to support the issuance of PhunToken by third-party mobile applications.
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NEXT | Hot Stocks08:12 EDT NextDecade and MHIA execute engineering services pact for carbon capture - NextDecade and Mitsubishi Heavy Industries America MHIA, part of Mitsubishi Heavy Industries MHI Group, have announced that they have signed an engineering services agreement ,ESA, for the design, license, and performance guarantee of the KM CDR Process, a post-combustion carbon capture technology to be applied at NextDecade's Rio Grande LNG project in the Port of Brownsville, Texas. Last month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest carbon capture and storage projects in North America at Rio Grande LNG. NEXT Carbon Solutions' CCS project at Rio Grande LNG is expected to enable the capture and permanent geologic storage of more than five million tonnes of carbon dioxide per year. MHI Group has developed the KM CDR Process over three decades; the KM CDR Process is owned by Mitsubishi Heavy Industries Engineering, Ltd., part of the industrial group. MHI Group has deployed 13 carbon capture systems around the world, including the world's largest post-combustion carbon capture facility that is comparable in size to the first phase of the carbon capture project at Rio Grande LNG.
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OCGN RARE | Hot Stocks08:12 EDT Ocugen appoints John Paul Gabriel as SVP, manufacturing and supply chain - Ocugen (OCGN) announced that John Paul Gabriel will be joining as Senior Vice President, Manufacturing and Supply Chain. Gabriel was most recently with Ultragenyx Pharmaceutical (RARE), where he was Vice President of Biologics and mRNA Manufacturing.
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INNV | Hot Stocks08:11 EDT InnovAge appoints Alice Raia as chief information officer - InnovAge announced that it has appointed Alice Raia as chief information officer, bringing "significant expertise in developing technological strategies to improve customer engagement and drive meaningful improvements to patient outcomes," the company said. In this role, Raia will lead InnovAge's strategy and development for data management, digital technologies integration, information technologies and technical transformation. Raia brings to InnovAge more than 25 years of healthcare and technology experience, most recently as vice president - digital experience engineering at Kaiser Permanente in California.
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BIOC | Hot Stocks08:09 EDT Biocept has received over 350,000 samples for SARS-CoV-2 testing services - Biocept announced that since the company began offering SARS-CoV-2 testing services in June 2020, it has now received more than 350,000 samples for testing. These samples are processed using Biocept's RT-PCR technology at its CLIA-certified, CAP-accredited high-complexity molecular laboratory in San Diego. "We are exceptionally proud to continue supporting our community with SARS-CoV-2 testing and providing healthcare providers with rapid turnaround of valuable information to help contain viral spread," said Michael Nall, President and CEO of Biocept. "RT-PCR testing for COVID-19 currently remains an important component of our business while we focus on our core business, including the opportunity to serve patients diagnosed with advanced cancer through commercializing our differentiated CNSide(TM) neuro-oncology offerings."
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LIFE LZAGY | Hot Stocks08:09 EDT aTyr Pharma, Lonza enter manufacturing agreement for ATYR2810 - aTyr Pharma (LIFE) and Lonza (LZAGY) announced that the companies have entered into an agreement for the manufacture of ATYR2810, aTyr's monoclonal antibody targeting Neuropilin-2 that is currently in preclinical development for cancer. Under the terms of the agreement, Lonza will utilize its Ibex Design, a fully integrated end-to-end program, to manufacture cGMP material for ATYR2810. The agreement will cover the early stages from gene to Investigational New Drug and will provide both drug substance and drug product to support toxicological studies in animals and early clinical development in humans. The scope will include process support, including cell line development, process development, and supply chain simplification, to DS and DP manufacturing at Lonza's Visp and Stein sites.
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ACLS | Hot Stocks08:09 EDT Axcelis makes multiple follow on shipments of Purion M SiC implanters in Europe - Axcelis announced multiple follow on shipments of the company's Purion M SiC medium current implanter to several power device chipmakers located in Europe. The Purion M features Axcelis' solution for high temperature silicon carbide processing. The systems, which shipped in Q1, will be used in high volume production of power devices supporting automotive, mobile and the IoT market spaces.
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TWST | Hot Stocks08:08 EDT Pure Biologics picks Twist Bioscience to expand phage display technology ability - Twist Bioscience announced a partnership with Pure Biologics to accelerate the discovery of immuno-oncology antibody-based drugs."Twist's unique technological approaches and abilities allow for the rapid generation of diverse synthetic libraries with novel and recent data-based randomization schemes. Combined with our immuno-oncology pipeline and scientific background in the field of therapeutic bispecific antibodies and antibodies bearing protein fusions, we expect this partnership to accelerate our discovery pipeline and build a base for research expansion in the future," said Filip Jelen, Ph.D., CEO of Pure Biologics SA. Under the terms of the agreement, Twist Biopharma, a division of Twist Bioscience, will grant Pure Biologics' access to select synthetic antibody phage display libraries derived only from sequences that exist in the human body and further optimized by leveraging state-of-the-art approaches, including artificial intelligence and big data analytics. Certain libraries among the portfolio are deliberately tailored to match chosen classes of biological targets as well as to enhance bispecific antibody forming capabilities. Together, the companies will work to discover, validate and optimize new antibody candidates against targets useful for immuno-oncology applications. Pure Biologics will pay Twist annual technology access fees in addition to future payments for preclinical, clinical and commercial achievement for any antibodies resulting from the collaboration.
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NVEE | Hot Stocks08:08 EDT NV5 Global awarded $10M in infrastructure contracts in Florida and New York - NV5 Global announced that it has been awarded approximately $10M in infrastructure projects in Florida and New York. NV5 will provide engineering design, construction inspection, geotechnical engineering, and materials testing to support transportation, sewer, and water delivery improvements. The Florida Department of Transportation awarded NV5 a five-year contract to provide geotechnical engineering and materials testing services. The scope of the contract covers sections throughout the 260-mile span of the Florida Turnpike. Services will be provided by multiple NV5 offices throughout the state. In New York, NV5 was selected for a three-year contract to provide engineering design services to improve interstate access to the Hunts Point Peninsula in the Bronx, home to the largest food distribution facility in the United States. NV5's responsibilities include utility design for all sewer, water main, and private utilities, design of the multi-use path, and development of the required environmental permitting plans. NV5 was also awarded a one-year contract by the New York City Department of Design and Construction to provide resident engineering inspection services for sewer and water main work in Park Place between Underhill Avenue and Flatbush Avenue and other locations in Brooklyn.
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FTHM | Hot Stocks08:06 EDT Fathom to acquire E4:9 Holdings for $26.75M - Fathom Holdings announced that it has signed a definitive agreement to acquire E4:9 Holdings, a holding company with three operating subsidiaries serving the residential real estate sector: Encompass Lending Group, Dagley Insurance Agency, and Real Results. The transaction is anticipated to close in the second quarter and is expected to be immediately accretive. The purchase price is approximately $26.75M, consisting of approximately $10M in cash and $16.75M in Fathom Holdings common stock, provided that certain stockholders of E4:9 Holdings may elect to accept additional shares of Fathom Holdings common stock in lieu of cash. Based in Katy, Texas, E4:9 Holdings, through its three operating subsidiaries, provides mortgage, insurance, and insurance industry lead generation services.
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NARI | Hot Stocks08:06 EDT Inari Medical announce global partnership with Aidoc - Inari Medical announced a new global partnership with Aidoc to "accelerate the adoption and the clinical impact of AI to advance the timely detection and treatment of pulmonary embolism," the company said. "We are committed to helping hospitals develop best-in-class clinical pathways to identify, triage, and treat patients with venous thromboembolism. Recent data has shown that in even the most sophisticated academic programs with established PE Response Teams, PERT, as many as three quarters of intermediate-high risk PE patients are still slipping through the cracks and not benefiting from a PERT activation," said Bill Hoffman, Inari's CEO. "We believe that artificial intelligence offers a promising new tool to prevent this from happening, and to ensure that all intermediate-high risk PE patients are identified and assessed for optimal treatment as quickly as possible."
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ALGS | Hot Stocks08:06 EDT Aligos Therapeutics begins dosing with ALG-000184 in Phase 1 study - Aligos Therapeutics announced that the company has started dosing in the first cohort of chronic hepatitis B patients in the ongoing ALG-000184-201 study. The trial is evaluating ALG-000184, a proprietary Class II capsid assembly modulator designed to inhibit viral replication, as determined by HBV DNA and RNA levels. ALG-000184-201 is a multi-part umbrella trial that is evaluating the safety, pharmacokinetics and antiviral activity of up to 28 daily oral doses of ALG-000184 in treatment-naive CHB patients as well as CHB patients not currently being treated. The study also previously evaluated the safety and PK of up to 7 oral daily doses of ALG-000184 in 48 healthy volunteers and preliminary data indicate that ALG-000184 has a good safety and PK profile and can achieve drug levels expected to confer antiviral activity.
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SCOR | Hot Stocks08:06 EDT Comscore signs new deal with Atlas Obscura for syndicated digital measurement - Comscore announced an agreement to provide Atlas Obscura with Comscore's digital audience measurement. Under the agreement, Atlas Obscura will have access to Comscore's signature Media Ratings solutions with Plan Metrix Multi-Platform in the US.
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AQMS | Hot Stocks08:05 EDT Aqua Metals to receive additional $3.4M insurance payments - Aqua Metals announced an initial payment towards its business interruption insurance claim. A payment of approximately $1.4M will be made from the third layer of insurance, completing the total amount due from this insurance layer. An initial $2M is also anticipated to come from the fourth and final insurance layer. This layer has a payment range of up to $25M. Future insurance proceeds from the business interruption and property claims are anticipated based on current estimates and calculations. The Company has now collected or secured a total of $27M of insurance proceeds related to the November 2019 fire event. Aqua Metals also confirmed that ongoing discussions with potential licensees and equipment supply partners are advancing. Product development continues with the Company currently operating two Aqualyzers simultaneously. Aqua Metals is also continuing to make progress in research and development related to applying AquaRefining technology to lithium-ion recycling.
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VZ | Hot Stocks08:04 EDT Verizon Media launces Next-Gen Solutions suite - Verizon Media announced the launch of its Next-Gen Solutions suite, a first-to-market offering for advertisers and publishers independent of cookies or mobile app IDs for audience creation, buying or measurement. The company said, "Built for the identity-less era, this suite of solutions delivers relevant ad experiences while strengthening consumer trust. As the ad ecosystem moves away from browser cookies and app advertising IDs, and legislation and privacy preferences shift, advertisers and publishers need solutions that help reach consumers in relevant and meaningful ways in the absence of IDs. Verizon Media's Next-Gen Solutions use content and other real-time data signals like weather, and location and device types to power machine-learning algorithms that allow advertisers to connect with their most relevant audiences without the need for cookies, mobile app IDs, browser storage or creating user-level profiles."
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BNGO | Hot Stocks08:03 EDT Bionano Genomics announces pre-clinical evaluation of OGM by FEC - Bionano Genomics announced the launch of an IRB-approved preclinical evaluation study using optical genome mapping, or OGM, by the Foundation for Embryonic Competence, or FEC, based in Basking Ridge, NJ. In the study, FEC will use OGM with the Saphyr system as a research tool to analyze the genomes of couples who have experienced recurrent pregnancy loss or recurrent embryo implantation failure. The study's objective is to determine whether the improved resolution of OGM, compared to traditional methods, can identify structural rearrangements that could form the basis of downstream targeted testing the embryos before implantation, and thereby potentially lead to improved outcomes of the IVF procedure.
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ALK | Hot Stocks08:03 EDT Alaska Air, SkyNRG sign partnership to advance sustainable aviation fuel - Alaska Airlines and SkyNRG Americas announced the signing of a memorandum of understanding committing to increased investment in sustainable aviation fuel. The MOU builds on a long history of Alaska leadership advancing SAF and partners the airline with the global SAF pioneers at SkyNRG Americas. Under the MOU, SkyNRG Americas will initially focus on the development of dedicated SAF production facilities to supply Western U.S. airports. These facilities will use commercially available technologies that enable the use of municipal solid waste and other waste-based inputs as feedstocks, as well as incorporating green hydrogen and renewable energy for minimizing carbon intensity. Beyond the focus of building out SAF production capacity, SkyNRG Americas and Alaska Airlines will continue to build awareness and understanding of SAF technologies, and advocate for public policies to accelerate the development of the SAF industry and infrastructure.
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ARDX | Hot Stocks08:03 EDT Ardelyx partner initiates Phase 3 studies of tenapanor for hyperphosphatemia - Ardelyx's collaboration partner in Japan, Kyowa Kirin, has initiated four Phase 3 clinical studies in Japan evaluating tenapanor for hyperphosphatemia. The achievement of this development milestone triggers a $5M payment to Ardelyx. The Phase 3 clinical trials consist of a multi-center, randomized, double-blind, placebo-controlled, parallel-group comparative study; a phosphate binder-combination parallel-group comparative study; an open-label, single-arm study evaluating hyperphosphatemia patients on peritoneal dialysis; and a long-term study evaluating serum phosphorus in patients who switch from one or more phosphate binders to tenapanor for hyperphosphatemia in Japan. Under the terms of the license agreement for tenapanor with Kyowa Kirin, which was signed in 2017 Ardelyx received a $30M upfront payment and is eligible to receive up to $55.0M in total development milestones and 8.5 billion yen in commercialization milestones. Ardelyx is also eligible to receive high-teen royalties on sales throughout the term of the agreement. Kyowa Kirin has been granted the exclusive rights to develop, market and commercialize tenapanor for cardiorenal diseases and conditions associated with them, including hyperphosphatemia, in Japan.
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AMRS | Hot Stocks08:02 EDT Amyris to acquire Beauty Labs, terms not disclosed - Amyris announced that it has agreed to acquire Beauty Labs, an AI technology company that provides connected consumer experiences to the beauty and wellness community. The parties expect to sign a definitive agreement and close over the next 30 days subject to the successful completion of due diligence and customary closing conditions.
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WFC | Hot Stocks08:02 EDT Wells Fargo reports Q1 net interest income decreased 22% - Wells Fargo reported net interest income decreased 22% from the same quarter of last year, primarily due to the impact of lower interest rates, which drove a repricing of the balance sheet, lower loan balances primarily due to soft demand and elevated prepayments, as well as unfavorable hedge ineffectiveness accounting results, and higher mortgage-backed securities premium amortization. Noninterest income increased 45%, as first quarter 2020 included securities impairments and lower deferred compensation plan investment results primarily due to lower market valuations driven by the COVID-19 pandemic. First quarter 2021 included stronger mortgage production results, improved trading and higher investment banking fees, and higher asset-based fees in Wealth and Investment Management, partially offset by lower gains on loan sales and lower deposit fees in Consumer and Small Business Banking. Provision for credit losses decreased $5.1B. First quarter 2021 included a $1.6B decrease in the allowance for credit losses due to continued improvements in the economic environment and lower net charge-offs, while first quarter 2020 included a $3.1B increase in the allowance for credit losses.
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BKYI | Hot Stocks07:59 EDT Mendocino College selects BIO-key's PortalGuard IDaaS solution - BIO-key International announced the company's footprint in providing security solutions for higher education continues to grow within the California Community College System with more than fifty-five colleges now under support. Most recently, Mendocino College has selected BIO-key's PortalGuard IDaaS solution to enhance its online user experience, secure critical enterprise application access, and reduce IT resource-related expenses.
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WFC | Hot Stocks07:59 EDT Wells Fargo CEO says moving forward with commitment to simplify company - Wells Fargo CEO Charlie Scharf said: "We are keenly focused on the priorities I outlined last quarter. Our work to build the appropriate risk and control environment remains our top priority. This is a multiyear effort and there is still much to do, but I am confident we are making progress, though it is not always a straight line. We are steadfast in our commitment to do this work which should ultimately satisfy our regulatory obligations. We are also moving forward with our commitment to simplify the company and focus our resources on our core customers. We announced sales of our Asset Management and Corporate Trust businesses in the quarter and we are increasing resources dedicated to initiatives to help drive growth in our core franchises. We have asked so much of the entire Wells Fargo team and I am proud of all the work they have done to support our customers and the communities we serve. We will continue to do all we can to support an equitable recovery and work to help those most in need of our support."
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LOWLF | Hot Stocks07:58 EDT Lowell Farms, Ascend Wellness Holdings enter strategic licensing agreement - Lowell Farms and Ascend Wellness Holdings are bringing Lowell Farms' Lowell Smokes brand to AWH retail locations in Massachusetts and Illinois via a strategic licensing agreement. The collaboration will allow AWH, a distinguished pre-roll to produce Lowell Smokes for sale at AWH's retail locations. Lowell Smokes will be made available in five-pack and single gram pre-rolls at AWH retail locations beginning Summer 2021.
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F NIO | Hot Stocks07:54 EDT Ford announces Mustang Mach-E made in China opens for pre-order - Ford announced that its "pioneering intelligent all-electric" Mustang Mach-E SUV, manufactured in China, has opened for pre-orders in China, with prices from RMB 265,000-379,900. The Mustang Mach-E GT First Edition will be available in GT Grabber Blue, Ford said. "In order to compete as a challenger and breakthrough in electrification, Ford China established its BEV Division dedicated to R&D, manufacture, sales and user experience of Ford electric vehicles in the country. Mustang Mach-E is also the first product launched by the new BEV Division. Ford is focused on the future and will adopt a direct sales network to expand across 20 major cities nationwide in 2021 to serve users directly... Ford will also work closely with charging partners such as the State Grid. Mustang Mach-E users can access over 300,000 high-quality public charging piles, of which 160,000 are fast charging, in more than 340 cities across the country through an exclusive APP. NIO's nationwide fast charging network will also be accessible to Mustang Mach-E users. In addition, Ford will be the first to offer 'plug-and-charge' functionality on 45,000 fast charging piles without the need for using a mobile app," Ford stated in a press release yesterday. Reference Link
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LXXGF | Hot Stocks07:52 EDT Lexagene Holdings to present MiQLab data from veterinary samples - LexaGene Holdings is pleased to host a private event for a select group of veterinarians that will feature keynote speaker Dr. Shelley Rankin, Professor of Microbiology at the University of Pennsylvania's School of Veterinary Medicine, who will present data on her experience using LexaGene's MiQLab to detect Staphylococcus in specimens collected from canine skin infections. In addition, Dr. Jack Regan, LexaGene's CEO and Founder, will provide some introductory remarks on the use of molecular diagnostics in veterinary medicine and present some analytical and clinical data generated using LexaGene's MiQLab system. To demonstrate the performance of LexaGene's MiQLab to detect common bacterial pathogens encountered in veterinary medicine, Dr. Rankin and LexaGene teamed up to perform a series of analytical and clinical studies. For the analytical studies and clinical urine study, MiQLabs were equipped with LexaGene's MiQLab Bacterial and AMR Test, which screens samples for 7 of the most common bacterial pathogens found in companion animals, as well as 13 different antimicrobial resistance factors. Dr. Rankin's evaluation focused on skin and soft tissue infections in dogs, which are commonly caused by Staphylococcus pseudintermedius and Staphylococcus schleiferi. Treating these infections using empiric therapy is a challenge because it has been shown that up to 59% of SP isolates from canine pyoderma can harbor the mecA gene, which confers resistance to all beta-lactam drugs.1 Rapid in-clinic molecular diagnostics that can detect Staphylococcus and the presence of the mecA gene will, in most cases, allow veterinarians to prescribe an appropriate antibiotic. It is well known that antibiotic use can contribute to the problem of drug resistance in bacteria and inappropriate use of antibiotics is highly discouraged in veterinary medicine. For that reason, it is very important to know quickly if the mecA gene is present in the Staphylococcus species causing the infection. For this study, 23 skin specimens, that were confirmed by culture to contain SP or SS, were tested with the MiQLab. Staphylococcus was detected in 21 of these specimens. Similarly, antimicrobial susceptibility testing showed the MiQLab detected the mecA gene in 8 of 9 of the Staphylococcus isolates that were cultured and found to be resistant to methicillin. These data signify that veterinarians using MiQLab in their clinic can prescribe therapy with confidence based on genetic analysis. This will improve clinical outcomes and minimize the development of drug resistant bacteria. LexaGene's staff completed a second clinical study that focused on detecting the pathogens responsible for urinary tract infections in cats and dogs. For this study, 51 frozen canine urine samples that were previously tested by culture were processed on MiQLab. Six different pathogens were detected from the processed samples, including 14 E. coli, 7 Staphylococcus, 5 Enterococcus, 3 Streptococcus, and 1 Enterobacter. Three of the samples contained antimicrobial resistance factors. The MiQLab test results had a positive percent agreement of 100%, negative percent agreement of 98.5% and overall percent agreement of 98.6%, with culture. LexaGene's staff also completed two analytical studies. The first was performed to determine the MiQLab's limit of detection for the most common pathogen responsible for urinary tract infections in cats and dogs, namely Escherichia coli. In this study, a total of 28 samples were processed on four different MiQLabs and the LoD was determined to be 1x104 colony forming units per milliliter for E. coli. This LoD is low enough to detect the vast majority of infections considered to be clinically relevant.2 Furthermore, these data can be quickly generated inside the clinic, avoiding the 24 hr+ time it takes to get results back when samples are shipped to a reference laboratory for testing. The second analytical study looked to provide insight into how the semi-quantitative nature of the MiQLab correlates to the cfu measurements reported when samples are cultured. For this study, E. coli and Proteus mirabilis samples were tested in 5-point log-scale dilution series from 5x103 to 7x108 cfu/mL. MiQLab generated Cycle of Quantification values were correlated to culture cfu/mL counts and fit to a linear curve, and the calculated regression coefficients were found to be 0.96 and 0.94, respectively for E. coli and P. mirabilis. These data signify that the Cq values reported by the MiQLab correlate extremely well with the cfu/mL counts provided from traditional culture methods, which can be useful for tracking whether an administered antibiotic is having the desired effect.
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BBBY | Hot Stocks07:50 EDT Bed Bath & Beyond says Q1 sales wont be comparable to 1Q20 - The company said Q1 sales will be non-comparable due to COVID-related store closures in Q1 of FY20. The company also said positive sales momentum has continued into early Q1. Bed Bath & Beyond plans to introduce at least eight new owned brands in FY21, with six launches in first six months, including three in Q1. Says plans to remodel approximately 26 stores in Q1. Comments taken from Q4 investor presentation slides.
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J | Hot Stocks07:47 EDT Jacobs Engineering awarded Metropolitan Washington Airports Authority contract - Jacobs was selected by the Metropolitan Washington Airports Authority to provide Facilities Condition Assessment and Enterprise Asset Management Services. This work will help the Airports Authority plan for airport enhancements to improve the overall airline and passenger experience at both Ronald Reagan Washington National Airport and Washington Dulles International Airport. The five-year contract includes a base year with multiple one-year options and includes work to assess how buildings and infrastructure are managed, analyze capital investment needs, discover areas for improvement and prioritize critical maintenance and repair projects.
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BBBY | Hot Stocks07:45 EDT Bed Bath & Beyond drops 7% to $25.97 after mixed Q4 results
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BBBY | Hot Stocks07:41 EDT Bed Bath & Beyond reports Q4 digital comp growth of +86% - Reports Q4: +6% Comp Sales growth on Bed Bath & Beyond banner, including digital comp growth of +99%; +12% Comp Sales growth in Bed Bath & Beyond's Top 5 destination categories combined. 31.5% Gross Margin; Adjusted Gross Margin increases 20bps to 32.8%; 13% increase in Adjusted EBITDA to $168M; 160bps expansion in Adjusted EBITDA Margin to 6.4%.
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DKNG | Hot Stocks07:38 EDT DraftKing, PGA TOUR expand relationship with Arizona market access - The PGA TOUR and DraftKings announced that they will expand their existing commercial relationship to provide DraftKings market access for retail and mobile sports betting in Arizona, pending regulatory approvals. As part of this agreement, the PGA TOUR and DraftKings have also announced plans to operate a premium retail sportsbook at TPC Scottsdale. "When DraftKings became the first Official Betting Operator of the PGA TOUR last summer, a number of possibilities opened up to innovate together," said Ezra Kucharz, chief business officer at DraftKings. "This momentous effort to pursue a first-of-its-kind sportsbook with the PGA TOUR is a testament to the vision of both organizations that we believe will ultimately benefit Arizona sports fans who want to legally bet on sports." Pursuant to the expanded agreement, DraftKings will also become the exclusive sports betting partner of the Waste Management Phoenix Open hosted annually at TPC Scottsdale. Additionally, the PGA TOUR and DraftKings will collaborate on co-marketing initiatives and exclusive hospitality experiences to position TPC Scottsdale as a premier global destination for sports bettors and avid golf fans.
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MBRX | Hot Stocks07:38 EDT Moleculin Biotech's WP1066 awarded Rare Pediatric Disease Designation by FDA - Moleculin Biotech announced that the FDA has granted Rare Pediatric Disease Designation to its p-STAT3 inhibitor, WP1066, for the treatment of ependymoma. Ependymoma is a rare type of tumor that can form in the brain or spinal cord. Ependymoma begins in the ependymal cells in the brain and spinal cord that line the passageways where the cerebrospinal fluid that nourishes your brain flows. Ependymoma can occur at any age, but most often occurs in young children. The Rare Pediatric Disease Priority Review Voucher program is intended to incentivize the development of new therapies for rare pediatric diseases. Subject to FDA approval of WP1066 for the treatment of ependymoma, Moleculin would be eligible to receive a voucher that may be redeemed to receive priority review for a subsequent marketing application for a different product candidate or which could be sold or transferred. WP1066 is an immune/transcription modulator capable of directly inhibiting certain key oncogenic transcription factors.
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AHAC | Hot Stocks07:36 EDT Humacyte secures $50M debt facility - Humacyte announced the closing of a secured debt financing facility with Silicon Valley Bank for up to $50M, of which the first $20M was funded at closing. On February 17, 2021, Alpha Healthcare Acquisition Corp., a special purpose acquisition company, and Humacyte announced the execution of a definitive business combination agreement along with a fully committed $175M PIPE financing agreement. Under the terms of the debt facility, Humacyte will have access to up to an additional $30M in three tranches contingent on the achievement of certain business and clinical development milestones. The debt facility will mature on March 1, 2025, with up to three total years of interest-only payments.
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GOED | Hot Stocks07:36 EDT 1847 Goedeker and Appliances Connection report March orders up 106% and 110% - 1847 Goedeker and Appliances Connection, a leading appliance retailer under a definitive agreement to be acquired by the Company, are pleased to report continued strong order growth in March. Goedekers' orders rose 106% year-over-year to $9.5M in March, up from $4.6M in March 2020 Appliances Connection's orders rose 110% to $58.7 million in March, up from $27.9M in March 2020 "We are excited to report strong triple-digit order growth for both Goedekers and Appliances Connection in March," stated Doug Moore, CEO of Goedekers. "We remain on track to completing the Appliances Connection acquisition in the second quarter, and together with infrastructure improvements, including the tripling of our fulfillment capacity, which comes online this month, we believe we are in a great position to drive meaningful top and bottom-line performance." "We are working to meet the continually rising consumer demand for purchasing appliances online," added Albert Fouerti, President of Appliances Connection. "Our teams have done an amazing job adjusting to the rapid growth experienced by both companies over the past year."
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INZY | Hot Stocks07:36 EDT Inozyme presents data for patients with ENPP1, ABCC6 deficiencies - Inozyme Pharma presented data that highlight the burden of disease for patients and families affected by ENPP1 Deficiency and ABCC6 Deficiency, two devastating and potentially deadly genetic diseases. In a poster entitled, "From the Voice of Patients and Caregivers: Burden of Illness in Infantile Onset ABCC6 and ENPP1 Deficiency," Inozyme and GACI Global reported that patients in different age groups are impacted in different ways, an age-based shift that reflects the progression of these rare genetic diseases. The poster was presented virtually beginning on April 14th at the annual meeting of the American College of Medical Genetics and Genomics. The most frequently reported burdens for patients with ENPP1 Deficiency at all time points were: bone and joint pain, cardiac issues, and mobility issues/fatigue. The most frequently reported symptoms for patients with ABCC6 Deficiency were: gastrointestinal issues, growth and development issues, and cardiac issues. The study also assessed the importance of each burden for each cohort using a weighted score approach: in the ABCC6 Deficiency cohort, fear of the unknown was the heaviest burden, followed by cardiac issues and difficulty with the hospital experience; in the infant ENPP1 Deficiency cohort, cardiac issues were the greatest burden, followed by difficulty with the hospital experience and issues related to growth and development; in the pediatric ENPP1 Deficiency cohort, treatments/medications were most burdensome, followed by issues related to hearing loss and stress/anxiety; and the adult ENPP1 Deficiency cohort was most burdened by issues related to bone/joint pain.
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MINM | Hot Stocks07:35 EDT Minim announces deployment at ANY LAB TEST NOW sites - Zoom Telephonics, doing business as Minim, announces that its solution is being rolled out at ANY LAB TEST NOW sites to ensure patient health data is protected over the locations' WiFi networks. Serving patients across the U.S., the ANY LAB TEST NOW has also approved Minim as a technology vendor for its over 190 locations.
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TRX | Hot Stocks07:33 EDT Tanzanian Gold to undergo review of exploration portfolio, strategy - The company said, "The Company, along with Stamico, will evaluate the economic feasibility and required regulations to expand the 5 tph test plant to 15 tph as an interim expansion, while at the same time constructing the 40 tph oxide mill. An expanded test plant would further de-risk the larger operations and potentially provide the ability to ultimately operate a larger oxide mining operation. As mentioned above, the tender process with prospective EPC and 'owner's engineer' service providers to re-submit their bids for a 40 tph oxide ore CIL process plant has commenced. Once complete, the Company will complete an internal assessment and adjudication of the bids in partnership with its JV partner, Stamico. This assessment and adjudication of bids is anticipated to be completed by the end of fiscal 2021. As mentioned above, TanGold, through BGCL hired a surveying consultant to commence the land compensation and procurement process required under Tanzanian mining law to construct the 40 tph oxide mining and processing operation. Land compensation is anticipated to be finalized by fiscal 2021. The feasibility study will continue throughout the year. In Q3-2021 metallurgical testing will move to variability testing of the first 5-7 years of production, including tailing characteristics for dry stack. Site layout will be confirmed, and geotechnical and groundwater work will commence on identified areas. The Company is also interviewing potential 'owner's engineer' service providers to assist with the management of the feasibility study. Geological work has commenced on evaluating the full extent of exploration potential at the Buckreef Project. Analysis of Inferred Mineral Resources, Exploration Targets, advanced exploration and grassroots exploration through to conceptual targets are being evaluated. The Company will provide further updates on its exploration targets, Buckreef West and deep exploration results in the future. The Company will undergo a full review of its exploration portfolio and strategy to meet core strategic objectives. The Buckreef Project licenses cover highly prospective ground with many geochemical and soil anomalies. Further, the geological terrane is the Lake Victoria Archean greenstone belt, where numerous anomalous gold bearing shear zones have been identified. TanGold is also updating its marketing plan and is in the process of revising its website and marketing materials. The Company will continue to assess talent across the organization and make further additions and changes as deemed necessary. "
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TRX | Hot Stocks07:30 EDT Tanzanian Gold CEO says company positioned for "continued success" - Tanzanian Gold Corporation announced results for the second quarter of 2021.Highlights Overview: Raised USD $24.4 million significantly improving net working capital, liquidity and corporate position in Tanzania; Strong additions to senior management team and alignment of operating management at Buckreef; Working with Stamico to advance the Buckreef Project and modernizing the joint venture agreement; Positive operating results on oxide test plant to build larger oxide operation targeting production of 15,000 - 20,000 ounces of gold per year; Positive metallurgical test results, now moving to variability metallurgical testing of the first 5- 7 years of production; Positive exploration results that enables the Company to advance drilling activity across mineral resource Stephen Mullowney, Chief Executive Officer of TanGold stated: "The first 120 days of my tenure have been exhilarating. I am extremely excited with all the improvements we have made across the entire business. Please enjoy reading about some of our accomplishments below. We believe that the work done to date and the work ahead of us positions the Company for continued success over the short, medium and long term. This is an exciting time! I would like to congratulate everyone involved on a job well done and look forward to working closely with the TanGold team, the Buckreef team and our joint venture partner, Stamico, to continue to advance the development of the Buckreef Project to become a major new mine in Tanzania."
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GS | Hot Stocks07:28 EDT Goldman Sachs reports Q1 net revenues in FICC $3.89B - Net revenues in FICC were $3.89 billion, 31% higher than the first quarter of 2020, due to significantly higher net revenues in FICC intermediation, reflecting significantly higher net revenues in mortgages and interest rate products and, to a lesser extent, commodities and credit products, partially offset by significantly lower net revenues in currencies
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GS | Hot Stocks07:28 EDT Goldman Sachs reports Q1 Investment Banking revenue $3.77B - Investment Banking generated record quarterly net revenues of $3.77 billion, including record Equity underwriting net revenues and strong net revenues in Financial advisory and Debt underwriting, the bank said in a statement. The backlog ended the quarter at a record level, Goldman said. Global Markets generated quarterly net revenues of $7.58 billion, 47% higher than the first quarter of 2020, and its highest quarterly net revenues since 2010. Asset Management generated record quarterly net revenues of $4.61 billion, reflecting record net revenues from Equity investments. Consumer & Wealth Management generated record quarterly net revenues of $1.74 billion, reflecting continued growth in both Wealth management and Consumer banking net revenues.
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GS | Hot Stocks07:27 EDT Goldman Sachs CEO: Well-positioned to help clients reposition for recovery - Chairman and CEO David Solomon said: "We have been working hard alongside our clients in preparation for a world beyond the pandemic and a more stable economic environment. Our businesses remain very well positioned to help our clients reposition for the recovery, and that strength is reflected in the record revenues and earnings achieved this quarter. I am proud of our people for the performance they've delivered for clients over the past year under challenging conditions, and pleased that our clientcentric strategy continues to drive additional value for our shareholders."
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GS | Hot Stocks07:26 EDT Goldman Sachs reports Q1 annualized ROE 31%, ROTE 32.9% - Reports Q1 book value per share $250.81.
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WDDMF TLRY | Hot Stocks07:25 EDT WeedMD appoints Beth Carreon as new chief financial officer - WeedMD (WDDMF) announced that Beth Carreon will join the company as chief financial officer, effective May 3. She succeeds Lincoln Greenidge, who will be stepping down from his role as CFO effective April 30. Most recently, Carreon served as Vice President of Finance at Tilray (TLRY) Canada where she successfully led and managed the company's global treasury, shared services and financial planning teams as well as M&A integration activities.
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SYN | Hot Stocks07:24 EDT Synthetic Biologics doses first patient in Phase 1b/2a trial of aGVHD candidate - Synthetic Biologics has commenced enrollment and the first patient has been dosed in its Phase 1b/2a clinical trial of SYN-004 in allogeneic hematopoietic cell transplant recipients for the prevention of acute graft-versus-host-disease, or aGVHD. Allogenic HCT recipients are at very high risk for infection and frequently receive antibiotics. The trial will evaluate the safety, tolerability and potential absorption into the systemic circulation of 150 mg oral SYN-004 administered four times per day to allogeneic HCT recipients who receive an intravenous beta-lactam antibiotic to treat fever. A data readout for the first cohort is anticipated towards the end of 2021. The study will also evaluate potential protective effects of SYN-004 on the gut microbiome as well as generate preliminary information on potential therapeutic benefits and patient outcomes of SYN-004 in allogeneic HCT recipients. Synthetic Biologics will serve as the sponsor of the clinical trial and supply SYN-004 to Washington University. A previously completed placebo-controlled Phase 2b clinical trial of 412 patients demonstrated SYN-004 protected the gut microbiome from antibiotic-mediated dysbiosis. Patients who received SYN-004 also demonstrated significantly better maintenance and recovery of the gut microbiome as well as lower incidences of new colonization by opportunistic and potentially pathogenic microorganisms such as VRE.
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INFY | Hot Stocks07:24 EDT Infosys board recommends capital return of $2.08B, including dividend, buyback - The Board has recommended capital return of approximately $2.08B, including final dividend of approximately $0.85B and open market buyback of shares of approximately $1.23B.
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ENCUF | Hot Stocks07:23 EDT Group 11 Technologies signs option agreement with GFG for Rattlesnake Hills - Group 11 Technologies is pleased to announce it has signed an option and earn-in agreement with GFG Resources to advance GFG's Rattlesnake Hills Gold Project in Wyoming, United States. Under the terms of the Agreement, Group 11 has the right to acquire, in multiple stages, up to 70% of the Project by completing a series of exploration and development expenditures as summarized below and making staged cash and equity payments to GFG. Group 11 Technologies Inc. is led by a group of technical pioneers and experts in the development and application of in-situ recovery with significant experience operating in Wyoming. Group 11's goal is to combine ISR, a non-invasive extraction technology, with an environmentally friendly water-based chemistry to recover gold and other metals, providing an alternative development path to conventional open pit and underground mineral extraction. Under the terms of the Agreement, Group 11 has a right to earn 70% interest in the Project over a six-year period by: Incurring a minimum of US$9.5 million in Expenditures. Paying 100% of holding and maintenance costs related to the Project. Covering all Expenditures to advance the Project into commercial production. Making staged equity payments to GFG of Group 11 common stock of up to 9.9% of Group 11's common shares issued and outstanding on a fully-diluted basis. Making a cash payment of US$7.5 million. Additional terms: Closing of the Agreement is conditional upon Group 11 raising a minimum of US$1.5 million within 45 days after the execution of the Agreement. The Agreement contains pre-emptive rights provisions should either party elect to sell its interest in the Project. Group 11 has the option to extend any stage for 12 additional months by making a US$500,000 cash payment to GFG. Group 11 will act as manager on the Project. Group 11 was founded by Enviroleach Technologies, Encore Energy Corp. and Golden Predator Mining Corp.
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XPO | Hot Stocks07:22 EDT XPO Logistics to "make or beat" FY21 adjusted EBITDA guidance of $1.73B-$1.8B - Chairman and CEO Brad Jacobs said, "Given the strong momentum we see in 2021, we have a high degree of confidence that we'll make or beat our full-year guidance for adjusted EBITDA of $1.725B to $1.8B, which is a year-over-year increase of 24% to 29% companywide. Importantly, we expect to achieve this level of adjusted EBITDA growth in both segments of our business: logistics and transportation."
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KBNT | Hot Stocks07:20 EDT Kubient appoints Leon Zemel as Chief Product Officer - Kubient has appointed Leon Zemel as the new Chief Product Officer. Zemel was most recently Senior VP of Programmatic and Platform Product at DoubleVerify. He has also driven product innovation for large scale ad:tech companies such as MediaMath in addition to leading all programmatic product at DoubleVerify. In addition to Zemel, Kubient also recently added two senior level team members: Larry Mlawksi joins the company as Director of Client Success, and Alexis Bryers, a former Sales Director at GeoEdge, joins the company as Vice President of KAI Partnerships.
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NRZ | Hot Stocks07:18 EDT New Residential to acquire Caliber Home Loans - New Residential Investment announced that it has entered into a definitive agreement with an affiliate of Lone Star Funds to acquire Caliber Home Loans. With this acquisition, New Residential intends to bring together the platforms of Caliber and NewRez New Residential's wholly owned mortgage originator and servicer. The transaction is intended to close as quickly as possible, subject to various approvals and customary closing conditions, and is targeted for the third quarter of 2021. "We believe this is a terrific acquisition for our Company," said Michael Nierenberg, Chairman, Chief Executive Officer and President of New Residential. "Over the years, Caliber's experienced team has built a differentiated purchase-focused originator with an impressive retail franchise and solid track record in customer retention. The combination of NewRez and Caliber's platforms will create a premier financial services company with scale, talent, technologies and products to accelerate our mortgage company objectives and generate strong earnings for our shareholders. With this acquisition, we have significantly strengthened our capabilities to perform across interest rate environments."
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CHNG UNH | Hot Stocks07:18 EDT Change Healthcare shareholders vote to approve OptumInsight combination - Change Healthcare (CHNG) announced that during a special meeting, Change Healthcare stockholders voted to approve the previously announced combination with OptumInsight, part of UnitedHealth (UNH). Of the approximately 222M shares voted at yesterday's special meeting of stockholders, 99.9% voted in favor of the adoption of the merger agreement.
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CXBMF | Hot Stocks07:16 EDT Calibre Mining reports Q1 gold production 45,452 ounces - Calibre Mining is pleased to announce operating results for the three months ended March 31, 2021. Q1 2021 Highlights: Gold production: 45,452 ounces, highest quarterly production since Q3 2016; Production includes the first ore delivery from the Pavon Norte mine to the Libertad mill; Demonstrating Calibre's ability to advance new satellite deposits: 'permit to plant' in less than 18 months; Gold sales of 45,882 ounces; Cash on hand of $58.2 million, a $5.1 million increase from December 31, 2020; 2021 production and cost guidance remain on track; Growth and exploration capital are currently expected to be H1 weighted; More than 200% increase in Mineral Reserves to 864,000 ounces since year-end 2019; Largest Mineral Reserve since 2010 with the highest grade on record, 4.49 g/t Au1; High-grade drill results reported at Limon, including: 7.98 g/t Au over 6.8 metres at Atravesada underground; 8.92 g/t Au over 9.8 metres at Atravesada underground; 251.90 g/t Au over 1.0 metres at Limon Norte open pit; and 6.97 g/t Au over 6.1 metres at Panteon underground; 60,000 metre exploration and resource growth drilling program underway. The Company produced 45,452 ounces during the first quarter of 2021 from 419,340 tonnes of ore processed at a grade of 3.54 g/t and recovery of 91.3%. The Limon mill processed 124,149 tonnes at a grade of 4.42 g/t and a recovery of 89.3%, producing 16,337 ounces. The Libertad mill processed 295,191 tonnes at a grade of 3.17 g/t and a recovery of 92.4%, producing 29,115 ounces. During the past quarter, the Company added the new 'Mining Spoke' at Pavon Norte, ahead of schedule and well within budget. During the quarter, the Company transported ~350 tonnes per day from Pavon Norte to the Libertad mill and expects this to increase throughout the year to ~1,000 tpd. Pavon Norte contributed more than 3,000 ounces to Libertad's total production in the first quarter, with 31,983 tonnes of ore trucked at a grade of 3.25 g/t, positively impacting Libertad mill's grade and providing increased flexibility. The Company will continue to optimize its consolidated mine and process plans as we progress our 'Hub-and-Spoke' operating strategy to maximize value from our integrated asset base.
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TECH | Hot Stocks07:15 EDT Bio-Techne licenses proprietary antibody to Xencor for therapeutic development - Bio-Techne announced a license agreement for use of a proprietary Bio-Techne antibody by Xencor, a clinical-stage biopharmaceutical company developing engineered monoclonal antibodies and cytokines for the treatment of cancer and autoimmune diseases, for its therapeutic development pipeline. This is Bio-Techne's third licensing agreement with Xencor, a leader in protein engineering in the immuno-oncology field. Under the terms of this agreement, Bio-Techne grants Xencor access to a proprietary Bio-Techne antibody for use with their proprietary XmAb protein engineering technology.
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BBBY | Hot Stocks07:15 EDT Bed Bath & Beyond raises FY21 share repurchase plan to $325M from $300M
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RCKT | Hot Stocks07:14 EDT Rocket reports data from RP-L201 trial to treat LAD-I - Rocket Pharmaceuticals announces positive interim data from the Company's Phase 1/2 clinical trial studying RP-L201, its lentiviral-based gene therapy for the treatment of severe Leukocyte Adhesion Deficiency-I (LAD-I). Severe LAD-I is a rare pediatric disease that prevents patients from adequately combating infections. LAD-I leads to recurrent life-threatening bacterial and fungal infections that respond poorly to antibiotics, require frequent hospitalizations and are ultimately fatal. These results were presented in a virtual poster session at the Clinical Immunology Society 2021 Annual Meeting. "Today's positive updates on our LAD-I program add to the growing body of encouraging evidence that RP-L201 may provide durable clinical benefit for patients with severe LAD-I who face recurrent, life-threatening infections from birth," said Jonathan Schwartz, M.D., Chief Medical Officer and Senior Vice President of Rocket. "We are very pleased to report that a second patient is nearing survival at one-year post-treatment, the primary outcome measure for the Phase 2 portion of the study. In all patients treated, CD18 expression has substantially exceeded the 4-10% threshold associated with survival into adulthood, with consistent peripheral blood vector copy number levels. Improved disease-related skin lesions, absence of new infections post-treatment, and no further requirements for prophylactic anti-infectives were also observed in both Phase 1 patients with prolonged follow-up. Initial evidence of engraftment and phenotypic correction was observed in two additional patients with shorter follow-up. These updates move us one step closer towards BLA/MAA filings in the US and Europe and eventual commercialization of a potentially curative option for the children facing this truly devastating disease. We look forward to providing more comprehensive Phase 2 results in the second half of 2021."
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LQSIF | Hot Stocks07:13 EDT Alcanna appoints Kristina Williams to board of directors - Alcanna announced that Kristina Williams, LL.M., MBA, ICD.D has been appointed to its Board of Directors effective as of today's date. Kristina Williams is currently the President and CEO of Alberta Enterprise Corporation and oversees the management of the Alberta Enterprise Fund with its 21 venture capital fund investments and the underlying portfolio of more than 200 technology companies. Ms. Williams also oversees AEC's industry development activities, creating access to external markets and mentors for Canadian entrepreneurs.
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OAS | Hot Stocks07:11 EDT Oasis Petroleum appoints Daniel Brown as CEO and board member - Oasis Petroleum has appointed Daniel Brown as CEO effective April 13. At the same time, Brown was also appointed to the Oasis Board of Directors. Brown has 23 years of experience in the oil and natural gas industry having spent his career with Anadarko Petroleum until Anadarko was acquired by Occidental Petroleum in August 2019. as Anadarko's Executive VP, U.S. Onshore Operations and Executive VP, International and Deepwater Operations, and other positions since joining Anadarko in August 2006. Brown was also a director of Western Gas Equity Partners and Western Gas Partners from November 2017 to February 2019. Since January 2020, Brown has served on the board of Beacon Offshore Energy, a private-equity sponsored exploration and production company that is focused on the deepwater Gulf of Mexico.
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PDAC | Hot Stocks07:10 EDT Li-Cycle to build new lithium-ion battery recycling facility in Arizona - Li-Cycle announced that the Company will build its third commercial lithium-ion battery recycling facility, to be located in Gilbert, Arizona, within the Phoenix metropolitan area. When complete, Li-Cycle's "Spoke 3" facility will be capable of processing up to 10,000 tonnes of end-of-life batteries and battery manufacturing scrap per year, bringing Li-Cycle's total recycling capacity to 20,000 tonnes per year. The construction of Spoke 3 builds on Li-Cycle's existing North American Spokes, located in Rochester, New York and Kingston, Ontario, and is part of Li-Cycle's strategic roadmap to construct twenty Spokes globally over the next five years. The Phoenix metropolitan area is strategically located close to Li-Cycle's existing battery supply network, as well as being at the nexus of where there will be continued growth in the quantity of lithium-ion batteries available for recycling. "Once completed, our newest Spoke facility will add significant recycling capacity to Li-Cycle, strategically expanding the geographic footprint of our closed-loop solution for recycling lithium-ion battery materials," said Tim Johnston, Co-Founder and Executive Chairman of Li-Cycle. "Our Arizona Spoke will have two 5,000 tonne processing lines, effectively doubling our total recycling capacity in North America. It will also be engineered to directly process full electric vehicle packs without any dismantling. Spoke 3 will mark another important milestone as we continue to execute on our global growth plans and scale our sustainable, safe and innovative Spoke & Hub Technologies." "Arizona is thrilled to be selected as the home of Li-Cycle's new lithium battery recycling plant," said Governor Doug Ducey. "This new facility will support Arizona's growing electric vehicle industry by helping meet the demand for battery materials - in a way that's sustainable and environmentally friendly. Li-Cycle is a welcome addition to Arizona's thriving technology ecosystem, and we thank their entire team for choosing Arizona." On February 16, 2021, Li-Cycle announced its entry into a definitive business combination agreement with Peridot Acquisition Corp. . Upon the closing of the business combination, which is expected in the second quarter of 2021, the combined company will be named Li-Cycle Holdings Corp. Li-Cycle intends to apply to list the common shares of the combined company on the New York Stock Exchange under the new ticker symbol, "LICY."
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GRMN | Hot Stocks07:09 EDT Garmin unit announces EASA approval of ADS-B solution for ATR 42, ATR 72 - Garmin International., a unit of Garmin, announced European Union Aviation Safety Agency, or EASA, approval of an automatic dependent surveillance-broadcast, or ADS-B, solution for the ATR 42 and ATR 72 turboprop aircraft. To achieve this certification, Garmin worked closely with Scandinavian Avionics, who developed and certified a supplemental type certificate, or STC, that provides operators an economical solution with efficient installation and low downtime. Operators now have an option to equip their aircraft and achieve compliance, which is required prior to June 7, 2023.
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AMED | Hot Stocks07:09 EDT Amedisys to acquire regulatory assets for operations in Randolph County, NC - Amedisys has signed a definitive agreement to acquire regulatory assets that allow the Company to conduct home health care operations in Randolph County, N.C. Under the terms of the agreement, expected to close April 30, 2021, Amedisys will acquire the right to operate certified home health care services in Randolph County, N.C., and surrounding areas within a 50-mile radius, including Montgomery County. The service area provides access to 31,000 Medicare and Medicare Advantage enrollees. Upon close, Amedisys will open a start-up care center to serve patients in the newly acquired service area. Amedisys is the second largest provider of home health care in the United States with 320 locations across 34 states.
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KKR | Hot Stocks07:08 EDT KKR to acquire Ensono from Charlesbank Capital, M/C Partners, no terms disclosed - Ensono and KKR announced that KKR has signed a definitive agreement to acquire Ensono from Charlesbank Capital Partners and M/C Partners. The new investment follows multiple years of strong performance by Ensono, including robust growth in 2020 and its recently completed acquisition of Amido, a UK-based cloud native consultancy. KKR is making the investment primarily from its Americas XII Fund. The transaction is expected to close within the next 60 days, subject to regulatory approvals and other customary closing conditions. Financial terms were not disclosed.
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CNNEF | Hot Stocks07:07 EDT Canacol Energy says gas sales averaged 173 MMscfpd for March - Canacol Energy is pleased to provide the following information concerning its March 2021 natural gas sales and drilling program. Gas sales averaged 173 MMscfpd for March 2021: Realized contractual natural gas sales were 173 million standard cubic feet per day for March 2021. Average realized contractual natural gas sales for the first quarter of 2021 averaged 177 MMscfpd. The Canahuate 4 development well encountered 72 feet true vertical depth of gas pay within the upper Cienega de Oro sandstone reservoir and will be tied in and on production by early May 2021. The Milano 1 exploration well did not encounter commercial gas and has been plugged and abandoned. The rigs are currently being mobilized to drill the Nelson 9 development well and the Aguas Vivas 1 exploration well. Each will take approximately 5 weeks to drill and test.
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FTFT | Hot Stocks07:07 EDT Future FinTech signs equity agreement to acquire cryptocurrency mining farm - Future FinTech has signed an equity acquisition framework agreement to acquire a 51% equity interest in Mingtang Network Technology from its shareholders. Mingtang Network is located in the Changji Zhundong Economic and Development Zone in the Xinjiang Autonomous Region of China. The framework agreement is non-binding. Mingtang Network operates a cryptocurrency mining farm that integrates big data collection, cloud storage and computer software and hardware operations into an industrial system of data analysis and information storage. Phase I of Mingtang Network's data center has a 50,000 capacity load for cryptocurrency mining machines. The company will acquire 51% of the equity of Mingtang Network at a purchase price of $7.0M. The sellers promise that 2021 audited earnings before interest and taxes of Mingtang Network will be at least RMB40, or approximately $ 6.1M, and if this does not occur, the sellers agree to bear any shortfall with a cash payment. In addition, the company and the sellers agree to invest in the construction of a Phase II data center of a 500,000 capacity load for cryptocurrency mining machines within a time frame to be agreed to by both parties. The total investment in the Phase II project is expected to be about RMB 600M, approximately $ 91.7M funded according to ownership percentage.
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AUUD | Hot Stocks07:07 EDT Auddia appoints Brian Hoff as CFO - Auddia announced the appointment of Brian Hoff to the role of CFO. Hoff succeeds Rick Liebman, who will remain with the company in a transition capacity through April 30. Hoff brings experience in leading accounting and finance teams. His Auddia appointment follows STACK Infrastructure, a provider of digital infrastructure to high growth companies, where he most recently served as VP, controller, responsible for leading financial systems, corporate accounting, treasury and developing internal controls.
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RNLX | Hot Stocks07:06 EDT Renalytix AI, Joslin Diabetes Center enter option agreement for patent filings - Renalytix AI announced that it has entered into an exclusive option agreement with Joslin Diabetes Center for patent filings on certain additional novel biomarkers in kidney disease for development and deployment in the KidneyIntelX in vitro prognostic platform. These novel biomarkers have the potential to provide additional clinical utility for understanding early disease progression and risk of kidney failure, therapeutic response, and the mechanistic pathways of kidney disease beyond the inflammatory and tubular injury markers that are currently captured by KidneyIntelX. RenalytixAI plans to begin evaluating these novel biomarkers in expanded clinical validation studies beginning in the second half of 2021.
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BBBY | Hot Stocks07:05 EDT Bed Bath & Beyond raises 3-years share repurchase plan to $1B from $825M
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ASCK | Hot Stocks07:04 EDT Auscrete announces development of green technology for efficient housing - Auscrete Corporation announced the company has developed a green technology regarding construction of affordable, efficient and enduring modern housing. Auscrete Corporation uses an advanced proprietary technology in lightweight concrete hybrid insulated building products to build "GREEN" energy efficient homes. "Our proprietary technology for constructing green energy efficient homes gives us the ability to build an affordable home at approximately two thirds the price of a wooden house at $100 - $110 a square foot," said John Sprovieri, President and CEO of Auscrete Corporation. "We believe we not only offer housing at a highly competitive price for today's building costs in the U.S. but we also provide a high quality, green energy oriented home for the price."
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SMBK | Hot Stocks07:03 EDT SmartFinancial to acquire Sevier County Bancshares in $38.2M transaction - SmartFinancial and Sevier County Bancshares announced their entry into an agreement and plan of merger pursuant to which SmartFinancial will acquire SCB. As of December 31, 2020, SCB had approximately $424M of total assets, $381M in deposits, and $243M in net loans with six branches in Sevier County, Tennessee and one branch in Richmond, Virginia. The proposed transaction will improve SmartFinancial's market share to #1 in Sevier County, Tennessee based on deposits as of June 30, 2020 and become the 4th largest community bank headquartered in Tennessee, with total consolidated assets in excess of $3.7B. Additionally, SmartFinancial will enter the Richmond, Virginia market with the addition of SCB's six-person commercial banking team. The Richmond team brings decades of commercial banking experience in the rapidly growing Richmond, Virginia area. SCB shareholders will receive 0.4116 shares of SmartFinancial common stock for each share of SCB common stock currently held, provided that holders of fewer than 20,000 shares of SCB common stock will have the option to receive cash for their shares in an amount to be calculated based on the average trading price of SmartFinancial's common stock prior to the closing of the transaction. The transaction is valued on an aggregate basis at approximately $38.2M, based on SmartFinancial's closing stock price on April 13, 2021. Based on SCB's tangible common equity as of December 31, 2020, the implied price to tangible book value is approximately 128%. The acquisition, which is subject to customary closing conditions including the approval of SCB shareholders and the receipt of all necessary regulatory approvals, is expected to be completed in early third quarter of 2021. Upon completion of the merger, John Presley, Executive Chairman, will join the boards of both SmartFinancial and SmartBank.
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KKR | Hot Stocks07:01 EDT KKR to acquire Ensono from Charlesbank Capital, M/C Partners
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DG | Hot Stocks06:58 EDT Dollar General to hire up to 20,000 new employees through hiring events - Dollar General is planning to hire up to 20,000 new employees this spring and will host in-person and virtual hiring events from April 19 through April 23 to support ongoing efforts across store, distribution, transportation and corporate operations. Virtual hiring events will take place online April 19-21. Throughout the week, interested candidates will be provided with information about Dollar General, as well as the company's working benefits.
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ACM | Hot Stocks06:56 EDT Aecom awarded contract with U.S. Postal Service worth up to $600M - Aecom announced that it has been awarded an indefinite delivery, indefinite quantity program management services contract with the U.S. Postal Service. Aecom will provide program and project management, architectural and engineering design, construction management, and environmental services to improve and maintain the USPS' vast facilities portfolio. The multiple-award contract, with a combined $600M program ceiling, includes three base years and up to four additional option years.
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MRNA | Hot Stocks06:56 EDT Moderna says 14 different mRNA vaccine candidates entered into trials to date - Moderna is hosting its second annual Vaccines Day, with presentations "highlighting the advantages of mRNA vaccines," the company said. "Moderna has one of the world's largest and most innovative vaccine development pipelines. We believe we have a unique opportunity to develop new vaccines against viruses hurting people around the world, at a pace that is radically different from what the industry has previously done. We are working to further increase our vaccine pipeline and accelerate these important programs. With our mRNA vaccines, we believe we have an opportunity to have a profound impact on human health," said Stephane Bancel, CEO of Moderna. To date, Moderna has entered 14 different mRNA vaccine candidates into clinical trials. "Clinical data demonstrate that Moderna's proprietary vaccine technology has been generally well-tolerated and can elicit durable immune responses to viral antigens. The company has demonstrated the ability to attain high biological flexibility with the ability to develop mRNA vaccines against complex antigens and combination vaccines while leveraging mRNA as a platform with a flexible manufacturing infrastructure to advance a large portfolio quickly and efficiently," the company said.
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JPM | Hot Stocks06:54 EDT JPMorgan reports book value per share of $82.31, up 8% - Reports tangible book value per share of $66.56, up 10%.
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MRNA | Hot Stocks06:54 EDT Moderna sees Phase 1 study of mRNA flu vaccine candidate to begin in 2021 - Moderna is hosting its second annual Vaccines Day, with presentations "highlighting the advantages of mRNA vaccines," the company said. "Current flu vaccines are only approximately 40-60% effective and their formulation is decided 9 months before the vaccines are intended to be used. Egg-based vaccine production also has the potential to cause unintended antigenic change to the vaccine virus. The company plans to explore potential combination vaccines against flu, SARS-CoV-2, RSV and human metapneumovirus. The company's first-generation flu program will evaluate multiple candidates comprising multiple antigen combinations against the four seasonal viruses recommended by the WHO. The company expects to begin a Phase 1 clinical trial for the program in 2021," Moderna said.
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MRNA | Hot Stocks06:53 EDT Moderna updates on clinical development of HIV vaccine candidates - Moderna is hosting its second annual Vaccines Day, with presentations "highlighting the advantages of mRNA vaccines," the company said. mRNA-1644 is a novel approach to HIV vaccine strategy in humans designed to elicit broadly neutralizing HIV-1 antibodies and is being developed in collaboration with the International AIDS Vaccine Initiative and the Bill and Melinda Gates Foundation. A Phase 1 study for mRNA-1644 will use iterative human testing to validate the approach and antigens and multiple novel antigens will be used for germline-targeting and immuno-focusing. A second approach, mRNA-1574, is being evaluated in collaboration with the National Institutes of Health and includes multiple native-like trimer antigens. The company expects to begin phase 1 clinical trials for both mRNA-1644 and mRNA-1574 in 2021. "Moderna's mRNA technology may have promise in HIV vaccine development. Three Phase 1 trials studying HIV vaccine concepts delivered by Moderna mRNA are expected to launch in 2021. The speed and cost advantages of Moderna's mRNA vaccine technology have enabled Moderna's collaborators to develop these trials rapidly," the company said.
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MRNA | Hot Stocks06:52 EDT Moderna shares plans for Phase 3 study of CMV vaccine candidate - Moderna is hosting its second annual Vaccines Day, with presentations "highlighting the advantages of mRNA vaccines," the company said. The company is also announcing new "positive" interim Phase 1 data from its Respiratory Syncytial Virus, or RSV, vaccine candidate, mRNA-1345, and new 7-month interim Phase 2 data from its cytomegalovirus, or CMV, vaccine candidate. Today, the company is sharing interim, seven-month data from the Phase 2 study of mRNA-1647 at the 50 undefined, 100 undefined and 150 undefined dose levels. mRNA-1647 was generally well tolerated. The most common solicited local adverse reaction was injection site pain and the most common solicited systemic ARs were headache, fatigue, myalgia, arthralgia and chills. Rates of Grade 3 solicited ARs after the 3rd vaccination were similar to, or lower than the rates of Grade 3 solicited ARs after the 2nd vaccination. In CMV-seronegative participants in mRNA-1647 treatment groups after the third vaccination: Neutralizing antibody geometric mean titers against epithelial cell infection were at least 20-fold higher than the baseline GMT of the CMV-seropositive group; Neutralizing antibody GMTs against fibroblast infection approximated the baseline GMT of the CMV-seropositive group. In CMV positive participants in mRNA-1647 treatment groups after the 3rd vaccination: Neutralizing antibody GMTs against epithelial cell infection increased to at least 6.8-fold over baseline; Neutralizing antibody GMTs against fibroblast infection increased to approximately 2-fold over baseline. Based on the interim analysis of the Phase 2 study, the 100 undefined dose has been chosen for the Phase 3 pivotal study, which will evaluate the prevention of primary CMV infection in seronegative women ages 16-40 years. The company plans to enroll approximately 8,000 participants from approximately 150 sites across the U.S., Europe and Asia-Pacific into the Phase 3 study, which is expected to begin in 2021. Moderna owns worldwide commercial rights for mRNA-1647.
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BRO | Hot Stocks06:52 EDT Brown & Brown subsidiary acquires all assets of Leon Silver Associates - Brown & Brown subsidiary Bridge Specialty Group has acquired substantially all of the assets of Leon Silver Associates. Based in Metuchen, New Jersey, Leon Silver is a wholesale broker offering commercial and personal lines property and casualty insurance products through its network of retail agents in New York, New Jersey, Pennsylvania, Florida, Connecticut, and Delaware. The firm has roots dating back to 1971. Following the transaction, the Leon Silver operations will become part of Bridge Specialty Group's "Morstan General Agency" office. The combined operations will do business from Morstan's Woodbridge, New Jersey location. Bridge Specialty Group was launched in February by Brown & Brown to encompass its portfolio of wholesale insurance businesses and is focused on bringing the power of its collective size and specialty to the wholesale brokerage marketplace.
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JPM | Hot Stocks06:50 EDT JPMorgan CEO says 'strong underlying performance across our businesses' - Jamie Dimon, Chairman and CEO, commented on the financial results: "JPMorgan Chase earned $14.3 billion in net income reflecting strong underlying performance across our businesses, partially driven by a rapidly improving economy. These results include a benefit from credit reserve releases of $5.2 billion that we do not consider core or recurring profits. We believe our credit reserves of $26 billion are appropriate and prudent, all things considered." Dimon continued: "In Consumer & Community Banking, consumer spending in our businesses has returned to pre-pandemic levels, up 14% versus the first quarter of 2019. We are also seeing good momentum in T&E with spend up more than 50% in March versus February. Home Lending originations were very strong, up 40%, with almost 75% of consumer mortgage applications completed digitally, but we expect this to slow with the recent rise in interest rates. Loan demand remained challenged as Card outstandings remain lower despite spend recovering to pre-COVID levels. Deposits were up 32% and investments were up 44%. In the Corporate & Investment Bank, we maintained our wallet share, Global IB fees were up 57% and Commercial Banking generated IB revenue over $1 billion. Corporate clients continued to access capital markets for liquidity and repay revolvers. In Asset & Wealth Management, continued strong investment performance, growth in new products and advisor hiring led to net inflows of $48 billion into long-term products. Also, AWM has seen strong and steady loan demand primarily to support business growth and mortgages." Dimon added: "We continue to make significant investments in products, people, and technology, all while maintaining credit discipline and a fortress balance sheet. We are fully engaged in trying to help solve some of the world's biggest issues, and we announced a commitment to finance and facilitate $200 billion in 2020 to drive action on climate change and advance sustainable development. We remain committed to using our resources to drive inclusive solutions to support our employees, customers, clients and the communities we serve through these trying times. In the quarter, we extended credit and raised capital of $804 billion, as well as funded approximately $10 billion under the SBA's Paycheck Protection Program, for consumers and clients of all sizes around the world." Dimon concluded: "With all of the stimulus spending, potential infrastructure spending, continued Quantitative Easing, strong consumer and business balance sheets and euphoria around the potential end of the pandemic, we believe that the economy has the potential to have extremely robust, multi-year growth. This growth can benefit all Americans, particularly those who suffered the most during this pandemic. If all of the government programs are spent wisely and efficiently, focusing on actual outcomes, the benefits will be more widely shared, economic growth will be more sustainable and future problems, like inflation and too much debt, will be reduced."
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MRNA | Hot Stocks06:50 EDT Moderna says mRNA-1345 increases RSV neutralizing antibodies in younger adults - Moderna is hosting its second annual Vaccines Day, with presentations "highlighting the advantages of mRNA vaccines," the company said. The company is also announcing new "positive" interim Phase 1 data from its Respiratory Syncytial Virus, or RSV, vaccine candidate, mRNA-1345, and new 7-month interim Phase 2 data from its cytomegalovirus, or CMV, vaccine candidate. Today, the company is sharing the first interim analysis of the Phase 1 study of mRNA-1345, through 1-month post-vaccination, of the younger adult cohorts. A single mRNA-1345 vaccination of 50 undefined or 100 undefined was generally well-tolerated in younger adults ages 18-49 years. Ten participants received placebo. The most common local solicited adverse reaction was injection site pain, and the most common systemic solicited adverse reactions were headache, fatigue and myalgia. The majority of solicited adverse reactions occurred within 1-3 days after vaccination and resolved after 1-4 days. There were no deaths, no severe adverse events, no study discontinuations due to adverse events, and no adverse events that led to a study pause. mRNA-1345 was shown to increase RSV neutralizing antibodies in seropositive younger adults. Neutralizing antibodies were confirmed to be present at baseline in all participants, as expected. A single vaccination of mRNA-1345 at the 50 or 100 undefined dose level boosted neutralizing antibody titers against both serotypes of RSV-A and RSV-B with no apparent dose response. At month 1, the geometric mean fold rise in neutralizing antibody relative to baseline was at least 20.5 for RSV-A and at least 11.7 for RSV-B. At the 100 undefined dose level, the geometric mean fold rise in RSV-A neutralizing antibody titer at month 1 relative to baseline was 2.7 (2.1, 3.4) with mRNA-1777, the company's previous RSV vaccine candidate, compared to 21.0 with mRNA-1345. Both mRNA-1777 and mRNA-1345 encode for the prefusion RSV-F. The company also intends to evaluate the potential of combinations of mRNA-1345 with its vaccines against other respiratory pathogens in children and separately in older adults. There is no approved vaccine for RSV. Moderna owns worldwide commercial rights to mRNA-1345. "I am encouraged by these interim Phase 1 data showing the ability of mRNA-1345 to elicit a strong neutralizing antibody response. We will continue to pursue RSV vaccines to protect the most vulnerable populations - young children and older adults - where reducing RSV infection is also a significant unmet need. We will also be evaluating possible combinations of mRNA-1345 with other respiratory virus vaccines," said Jacqueline Miller, M.D., Senior Vice President, Infectious Diseases, Moderna.
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JPM | Hot Stocks06:49 EDT JPMorgan reports Q1 ROE 23%, ROTCE 29%
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CNTG TAK | Hot Stocks06:34 EDT Centogene extends partnership with Takeda Pharmaceutical - Centogene announced that it has extended its partnership with Takeda Pharmaceutical (TAK) to diagnose patients with certain genetic disorders. As part of the agreement, which has been extended until March 2022, Centogene will continue providing access to genetic testing to patients around the world. In January 2015, Centogene originally entered into an agreement with Shire Pharmaceuticals, which is now a subsidiary of Takeda, to provide diagnostic testing capability to enhance early diagnosis of patients suffering from genetic rare diseases.
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ACN | Hot Stocks06:33 EDT Accenture selected by Gavi to support finance operations for vaccine alliance - Accenture has been selected by Gavi, the Vaccine Alliance, to support finance operations for its COVAX Facility, a multilateral initiative with the aim of accelerating equitable access to COVID-19 vaccines around the world. The goal of COVAX, which is co-led by Gavi, the Coalition for Epidemic Preparedness Innovations, and the World Health Organization, is to distribute two billion COVID-19 vaccines by the end of 2021. Accenture will work with Gavi to define the right operating model and standardized processes for working across alliance partners, manufacturers, governments and other organizations. Accenture will also support grant accounting, financial planning, budgeting and management reporting.
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WEX | Hot Stocks06:31 EDT Wex to acquire benefitexpress for $275M - WEX announced the signing of an agreement to acquire benefitexpress, a provider of highly configurable, cloud-based benefits administration technologies and services. benefitexpress significantly expands WEX's offerings in benefits administration by adding a complementary suite of solutions to WEX's Health offerings, including employee enrollment and decision support tools for employees, benefits administration, and important value-added services, such as Affordable Care Act compliance, dependent verification services, and other benefit administration services. Pursuant to the terms of the agreement, WEX will acquire benefitexpress for total consideration of approximately $275M, subject to certain working capital and other adjustments. WEX expects the acquisition to be neutral to adjusted net income for 2021. The transaction is expected to be completed in the second quarter, subject to regulatory approvals and other customary closing conditions.
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AZN | Hot Stocks06:20 EDT AstraZeneca's Tagrisso approved in China in early lung cancer - The company states: "AstraZeneca's Tagrisso,or osimertinib, has been approved in China for the adjuvant treatment of patients with early-stage epidermal growth factor receptor-mutated non-small cell lung cancer after tumour resection with curative intent, with or without adjuvant chemotherapy as recommended by the patient's physician. Tagrisso is indicated for EGFRm patients whose tumours have exon 19 deletions or exon 21 mutations. The approval by China's National Medical Products Administration was based on positive results from the ADAURA Phase III trial. In the trial, Tagrisso demonstrated a statistically significant and clinically meaningful improvement in disease-free survival in the primary analysis population of patients with Stage II and IIIA EGFRm NSCLC. The ADAURA trial also showed a statistically significant and clinically meaningful improvement in DFS in the overall trial population of patients with Stage IB-IIIA disease, a key secondary endpoint. While up to 30% of all patients with NSCLC may be diagnosed early enough to have surgery with curative intent, recurrence is still common in early-stage disease. Historically, nearly half of patients diagnosed in Stage IB, and over three quarters of patients diagnosed in Stage IIIA, have experienced recurrence within five years More than a third of the world's lung cancer patients are in China and among those with NSCLC, approximately 40% have tumours with an EGFR mutation."Reference Link
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TOSYY | Hot Stocks06:20 EDT Toshiba CEO Nobuaki Kurumatani steps down amid shareholder pressure - Toshiba's CEO resigned Wednesday under pressure from shareholders, a week after the company said it had received an acquisition offer from private-equity firm CVC Capital Partners. CEO Nobuaki Kurumatani will be replaced by Satoshi Tsunakawa, who had preceded Kurumatani in the role, the company said in a statement. Reference Link
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UEC | Hot Stocks06:07 EDT Uranium Energy provides interim report on drilling at Burke Hollow project - Uranium Energy provided an interim report on its ongoing wellfield development and resource delineation drilling at the company's Burke Hollow ISR uranium project in South Texas. As of April 9, a total of 40 resource delineation holes have been completed by utilizing two drilling rigs. Drilling will continue with additional resource delineation test holes, followed by installation of approximately 45 additional exterior monitoring wells to accommodate the trend extensions, complementing the 76 monitor wells previously installed. The drilling has targeted trend extensions of the five known fronts within the PAA-1 area. Drill holes, logged by prompt fission neutron, or PFN, equipment, which resulted in intercepts exhibiting GT values equal to or greater than 0.3, utilizing a cutoff parameter of 0.02% grade, The 14 holes presented in the table above represent 35% of the 40-hole total drilled to date. The remaining 26 holes were drilled in or nearby lesser mineralization, directly behind or in front of the roll front, thus bracketing the front location. The project area is a 19,335-acre property located in eastern Bee County within the South Texas Uranium Trend 50 miles to the southeast of the company's Hobson Processing Plant. Burke Hollow has received all four of its major permits required for uranium extraction from the Texas Commission of Environmental Quality and the Environmental Protection Agency. The Burke Hollow Goliad mineralization trends lie at depths ranging from 160' to 1100', and follow the outline of an anticlinal structure which has produced abundant natural gas and oil from multiple underlying formations. Several miles of potential mineralized trend length remain only lightly explored to date.
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NKLA CNHI | Hot Stocks06:04 EDT Nikola, IVECO and OGE to establish business structure for transporting hydrogen - Nikola (NKLA), IVECO and OGE announced they have entered into a letter of intent for a collaboration to establish a business structure for transporting hydrogen via pipeline network from production sources to hydrogen fueling stations in support of fuel-cell electric vehicles, or FCEVs. The collaboration is being launched with the intent to further define and formalize the roles and responsibilities of the parties and the required collaboration governance to enable execution of objectives to be stated in definitive agreements. IVECO, a brand of CNH Industrial (CNHI), and OGE, an owner and operator of a 12,000 km natural gas pipeline infrastructure network in Germany, will join Nikola in advancing hydrogen infrastructure to enable progress and growth of FCEVs in alignment with European policy and industry needs. The primary focus of this collaboration is to further develop hydrogen fueling solutions in Germany in support of the European commercial transportation system and to work with industry partners. The parties are committed to the development of a hydrogen economy and are focused on implementing the necessary refueling and distribution infrastructure.
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BC | Hot Stocks06:01 EDT Brunswick enters new partnership with Carnegie Robotics - Brunswick announced that it has entered into a new partnership with Carnegie Robotics, a provider of advanced robotics, sensors and autonomous solutions for a wide range of commercial and government applications. The collaboration will combine CRL's depth and breadth in autonomous technology with Brunswick's leadership position in the marine industry and continued execution of its ACES strategy, creating advanced driver assistance and autonomous solutions to improve the boating experience across a range of applications and scenarios.
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