Stockwinners Market Radar for April 29, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
GLD | Hot Stocks19:59 EDT SPDR Gold Shares holdings fall from 1,017.04MT to 1,021.70MT - This is the lowest level of holdings since April 13th, 2020.
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WMK | Hot Stocks19:46 EDT Weis Markets announces $135M capital expenditure program - Weis Markets announced the company's plans to invest $135 million in its growth during 2021. Mr. Weis made the announcement during the company's annual shareholder meeting in Sunbury, PA. He said the company continues to invest in new stores, remodels, fuel centers, information technology upgrades and more than a thousand smaller store improvement projects.
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CROX | Hot Stocks19:14 EDT Crocs director Bickley sells 10,000 common shares - In a regulatory filing, Crocs director Ian Bickley disclosed the sale of 10,000 common shares of the company on April 29 at a price of $100.01 per share.
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RF | Hot Stocks18:59 EDT Regions Financial CFO sells 88,000 common shares - In a regulatory filing, Regions Financial CFO David Turner, Jr. disclosed the sale of 88,000 common shares of the company on April 27 at a price of $21.1147 per share.
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TWTR | Hot Stocks18:47 EDT Twitter says subscription products coming soon
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ABT | Hot Stocks18:41 EDT Abbott senior VP Bird sells over 9,000 common shares - In a regulatory filing, Abbott Laboratories senior VP Roger Bird disclosed the sale of 9,439 common shares of the company on April 27 at a price of $122 per share.
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DPZ | Hot Stocks18:37 EDT Domino's Pizza CEO: It was a terrific quarter for our International business - In an interview on CNBC's Mad Money, Richard Allison said, "we see a very long runway for growth." He sees an opportunity for 5,000 stores in the 15 largest markets. There is significant share to be gained since the pizza market is fragmented, he noted. Domino's is executing true autonomous delivery through Nuro, but still plans to hire a lot of delivery drivers, he added.
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TWTR | Hot Stocks18:27 EDT Twitter says Capitol siege, Oscars slowed ad sales
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CAT | Hot Stocks18:26 EDT Caterpillar CEO: Q1 was solid, despite challenging conditions - In an interview on CNBC's Mad Money, Jim Umpleby said Caterpillar had margin expansion in all sectors. He is "quite bullish" about prospects for the mining business. Umpleby believes an infrastructure bill out of Washington would be a "positive" for the company. He noted that customer demand is improving in a number of industries the company serves. Caterpillar made a conscious decision to hold more inventory than usual to help mitigate any supply chain shortages, he said. He noted that if commodities are rising, even though input costs increase, it's a "positive for us."
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TWTR | Hot Stocks18:07 EDT Twitter sees total revenue growing faster than expenses in 2021 - Says Q1 was "solid start" to the year. Says ad revenue growth driven by "strong" advertising engagement in March. Says attracting "more great people" to platform than ever before. Sees total revenue growing faster than expenses in 2021, assuming pandemic continues to improve. Says still working with "unusual" comps in terms of mDAUs compared to last year. Says "actively preparing" for iOS 14 changes. Says outlook for Q2 assumes impact from modest rollout from iOS updates. Says confident in brand advertising strength. Says no changes to long-term plans. Comments taken from Q1 earnings conference call.
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AMZN | Hot Stocks17:56 EDT Amazon.com says traffic driving advertising space - Says advertising has done great job in turning clicks into productive sales. Says continue to improve relevancy of ads. Says projecting continued strength across all segments. Says Prime Day is now scheduled for Q2. Comments taken from Q1 earnings conference call.
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TWTR | Hot Stocks17:33 EDT Twitter drops 10% to $58.15 after Q1 results, Q2 guidance
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ISNS | Hot Stocks17:17 EDT Image Sensing Systems to implement holding company reorganization - Image Sensing Systems announced that its board of directors has approved the following actions: the initiation of a quarterly cash dividend to common shareholders of 12c per share of common stock on May 20 to shareholders of record at the close of business on May 10, the authorization of a stock buyback program under which it may repurchase up to 200,000 shares of common stock, the implementation of a holding company reorganization. The new holding company, Autoscope Technologies, will become the new parent company of Image Sensing Systems. Image Sensing Systems' current executive chairman, Andrew Berger, will be transitioning to Autoscope Technologies' CEO. Autoscope Technologies will focus on internal growth opportunities while seeking selective acquisitions which can leverage its existing assets and infrastructure. Under the planned holding company reorganization, existing shares of Image Sensing Systems would be automatically converted on a one-for-one basis into shares of common stock of Autoscope Technologies. Shareholders would not need to return stock certificates or otherwise take any action with respect to their shares of Image Sensing Systems common stock. It is anticipated that the holding company reorganization would be a tax-free transaction for U.S. federal income tax purposes for Image Sensing Systems and its shareholders. The public company reorganization is not expected to result in a change in the directors, executive officers, management, or business of Image Sensing Systems.
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KE | Hot Stocks17:11 EDT Kimball Electronics VP CFO Michael Sergesketter retiring - Kimball Electronics announced that Vice President and Chief Financial Officer, Michael K. Sergesketter, will be retiring at the end of the fiscal year on June 30, 2021. Mr. Sergesketter, who has been in the role since 1996, will be succeeded by Jana Croom, the company's Vice President of Finance."It is with mixed emotions we say farewell to our friend and colleague, Mike Sergesketter," said Donald D. Charron, Chairman and Chief Executive Officer of Kimball Electronics. "Mike has been a trusted partner for decades, and his leadership and in-depth knowledge of our business will be sorely missed. On behalf of our Board of Directors and the entire company, I want to extend our sincere gratitude and appreciation to Mike for his dedication and service. We wish him the very best, he will always be a valued member of the Kimball Electronics family." In response to his retirement announcement, Mr. Sergesketter stated, "I want to thank Don, the leadership team, and the entire Kimball Electronics organization for the support and friendship over the last 40 years. I have been very fortunate to serve the company and the Dubois County community throughout my career, and I am leaving with friendships and memories that will last a lifetime. I congratulate Jana on her new role. In a short period of time, Jana's insights and fresh perspective have made a meaningful impact on our team. I look forward to working with her to ensure a smooth transition for the business."
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CACC | Hot Stocks17:08 EDT Credit Acceptance CEO Brett Roberts to retire, Kenneth Booth to succeed - Credit Acceptance announced that Brett Roberts, the company's CEO and president and a member of the company's board of directors, will retire at the close of business on May 3. The board of directors has unanimously elected and appointed the company's CFO, Kenneth Booth, as the company's new CEO and president and as a director, effective May 3. Booth joined the company in January 2004 as director of internal audit. He was named chief accounting officer in May 2004 and CFO in December 2004. From August 1991 until joining us, Booth worked in public accounting, most recently as a senior manager at PricewaterhouseCoopers.
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MU | Hot Stocks17:08 EDT Micron appoints Sharawn Connors as Chief Diversity and Inclusion Officer - Micron Technology announced the appointment of Sharawn Connors to the role of chief diversity and inclusion officer. Connors joined Micron in July 2019 as the vice president of diversity, equality and inclusion, DEI. Under Connors' leadership, Micron established six key DEI commitments for fiscal year 2021, integrated global initiatives in the company's business and operations, and set strategy-driven goals around diverse hiring, talent retention and advancement, and inclusion. Her success has been demonstrated by several accomplishments that are now embedded into Micron's culture and business.With guidance from Connors, Micron achieved comprehensive pay equity for underrepresented groups in March 2021; grew membership in employee-led resource groups by 84% from fiscal year 2019 to fiscal year 2020; and launched global allyship training for all employees to promote an inclusive culture. "Sharawn's leadership has been pivotal in accelerating Micron's progress in diversity, equality and inclusion, where all team members are seen, heard, valued and respected," said April Arnzen, senior vice president and chief people officer at Micron. "Micron is committed to building an atmosphere where all people feel welcomed. This appointment reinforces our focus to stand for social justice whenever we can, address parity for underrepresented groups across the business and in the community, and implement meaningful improvements in workplace practices and operations."
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AEM | Hot Stocks17:03 EDT Agnico Eagle backs FY21 production guidance - The company states: "Expected gold production in 2021 is unchanged at approximately 2,047,500 ounces, while total cash costs per ounce and AISC per ounce continue to be forecast in the range of $700 to $750 and $950 to $1,000, respectively."
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BBY | Hot Stocks17:02 EDT Best Buy's Mike Mohan to step down as president, COO - Best Buy said in a regulatory filing that Mike Mohan will be stepping down as the company's President and Chief Operating Officer, effective on July 1, 2021. The company does not currently intend to fill the position of President and Chief Operating Officer. Instead, upon Mohan's departure, his responsibilities will be allocated to other members of the executive leadership team.
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CHCT | Hot Stocks17:01 EDT Community Healthcare raises quarterly dividend to 43c per share - Payable on May 28 to shareholders of record on May 14.
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UFPI | Hot Stocks16:55 EDT UFP Industries acquires Endurable Building Products - UFP Industries announced that a wholly owned subsidiary of UFP Construction, has acquired the assets of Endurable Building Products. Based near Minneapolis, Minnesota, Endurable is a manufacturer of customized structural aluminum systems and products for exterior purposes, such as deck framing, balconies, sunshades, railings and stairs. Endurable had sales of approximately $15M in 2020. Its leadership team, including president David Battel, will remain with the company.
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ELOX | Hot Stocks16:52 EDT Eloxx adds additional treatment arm to ongoing Phase 2 Cystic Fibrosis studies - Eloxx Pharmaceuticals announced the addition of a new study arm in the ongoing global Phase 2 clinical program for ELX-02 for the treatment of cystic fibrosis, CF, in patients with at least one G542X allele. The Phase 2 clinical program now includes a fifth treatment arm to evaluate safety of ELX-02 in combination with Kalydeco, an FDA-approved CFTR potentiator for the treatment of cystic fibrosis in patients who have at least one mutation in their CF gene amenable to ivacaftor. The Phase 2 trials are designed to evaluate the safety of ELX-02 and assess its biological activity. ELX-02 is currently in Phase 2 clinical trials in CF patients affected by nonsense mutations in the CFTR gene.
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APPS | Hot Stocks16:47 EDT Digital Turbine completes acquisition of AdColony - Digital Turbine has completed its acquisition of AdColony, a mobile advertising platform servicing advertisers and publishers with a reach of more than 1.5 billion monthly global users. AdColony's proprietary video technologies and media formats deliver third-party verified viewability rates for global brands, such as Disney, Amazon and BMW. Revenue for AdColony for Q1 is estimated to be approximately $58.3M, representing growth of 37% vs. 1Q20.
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PII | Hot Stocks16:46 EDT Polaris announces $1.0B stock buyback - Polaris announced that its board has authorized the repurchase of up to $1B of the company's outstanding common stock. This new repurchase authorization replaces the prior board authorization.
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CUZ | Hot Stocks16:43 EDT Cousins Properties to commence development of Domain 9 in Austin - Cousins Properties announced that it plans to commence development of Domain 9, a 335,000 square foot office building in Austin, during the second quarter. The total project cost is anticipated to be approximately $147M with delivery slated for mid-2023.
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MRO | Hot Stocks16:41 EDT Marathon Oil reduces gross debt, raises base dividend - Marathon Oil announced that the company fully redeemed its $500M aggregate principal amount of 2.8% Senior Notes Due 2022. This transaction will reduce annual cash interest expense by $14M. Marathon Oil also announced today that the company's board of directors has declared a dividend of 4c per share on Marathon Oil common stock. The dividend is payable on June 10 to stockholders of record on May 19.
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B | Hot Stocks16:39 EDT Barnes Group names Julie K. Streich CFO - Barnes Group announced the appointment of Julie K. Streich to the position of Senior Vice President, Finance and Chief Financial Officer, effective May 3, 2021. "Julie is a proven leader with deep and extensive experience in a variety of multi-billion dollar publicly-traded companies in the energy, consumer services and manufacturing sectors and comes with an impressive background and proven strategic leadership in corporate finance, financial planning and analysis, mergers & acquisitions, business development, and process automation," said Patrick J. Dempsey, President and Chief Executive Officer, Barnes Group Inc. "I am excited to have Julie as a key member of our senior leadership team and business partner. I expect her to have an immediate, positive impact on the business, helping us drive long-term profitable growth." Prior to joining the company, Ms. Streich served in various roles of increasing responsibility at Centrica PLC.
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BTBT | Hot Stocks16:39 EDT Bit Digital earned 1,013.40 bitcoins in Q1 - Bit Digital announced its unaudited bitcoin production and mining asset updates for the first quarter ended March 31. The company earned 1,013.40 bitcoins in the first quarter. Treasury holdings of bitcoin increased to 581.23, with a fair market value of approximately $29.92M as of March 31. The company owned 40,965 miners as of March 31, with a maximum total hash rate of 2,264.5 PH/s, and made additional miner purchases subsequent to quarter end. Bryan Bullett, Bit Digital's CEO said, "We have continued our globalization strategy, deploying additional miners in North America, where as of April 29, 2021, we owned 8,516 miners with a further 2,130 miners currently in transit or awaiting installation. Going forward, we intend to expand our presence in North America, and expect a growing portion of our fleet to be located here."
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TEVA | Hot Stocks16:37 EDT Teva announces launch of generic version of Absorica - Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd., announced its launch of the first available 10 mg, 20 mg, 25 mg, 30 mg, 35 mg and 40 mg strength generic version of Absorica capsules for the treatment of severe recalcitrant nodular acne in non-pregnant patients 12 years of age and older with multiple inflammatory nodules with a diameter of 5 mm or greater. "Teva's first-to-market generic version of Absorica (isotretinoin) capsules in the U.S. is an important treatment option for patients living with severe recalcitrant nodular acne, and who are unresponsive to conventional acne therapy, including antibiotics," said Christine Baeder, SVP, Chief Operating Officer US Generics, Teva USA. "With more than 30 dermatological products in Teva's generics portfolio, we are proud to add another accessible option for patients."
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SM | Hot Stocks16:37 EDT SM Energy sees Q2 production 11.8-12.2 MMBoe, 130-134 MBoe/d
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PHAT | Hot Stocks16:34 EDT Phathom Pharmaceuticals jumps 8% to $43 after study meets endpoints
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PHAT | Hot Stocks16:34 EDT Phathom Phase 3 trial for H. pylori infection met primary, secondary endpoints - Phathom Pharmaceuticals announced that in PHALCON-HP, its pivotal Phase 3 clinical trial for the eradication of H. pylori infection, both vonoprazan-based regimens successfully met their primary endpoints and met all secondary endpoints. The trial studied vonoprazan in combination with amoxicillin and clarithromycin and vonoprazan in combination with amoxicillin compared to lansoprazole in combination with amoxicillin and clarithromycin. The primary endpoints in the PHALCON-HP study were non-inferiority of the H. pylori eradication rate for each of vonoprazan triple and dual therapy compared to lansoprazole triple therapy. Both vonoprazan-based regimens successfully met their primary endpoints. In the modified intent-to-treat population, H. pylori eradication rates were 84.7% with vonoprazan triple therapy and 78.5% for vonoprazan dual therapy compared to 78.8% with lansoprazole triple therapy. Vonoprazan triple therapy and vonoprazan dual therapy also met all secondary endpoints, demonstrating superior eradication rates versus lansoprazole triple therapy in all patients and patients with clarithromycin resistant strains of H. pylori. Patients with clarithromycin resistant strains comprised 20.3% of the PHALCON-HP study population. The H. pylori eradication rate of vonoprazan triple therapy was superior to that of lansoprazole triple therapy among all patients in both the mITT population, 80.8% versus 68.5%, and the per protocol population, 85.7% versus 70.0%. Both vonoprazan-based regimens were generally well tolerated with a safety profile comparable to lansoprazole triple therapy, the company said.
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PHAT | Hot Stocks16:33 EDT Phathom Pharmaceuticals reports PHALCON-HP trial met primary endpoints - Phathom Pharmaceuticals announced that in PHALCON-HP, its pivotal Phase 3 clinical trial for the eradication of H. pylori infection, both vonoprazan-based regimens successfully met their primary endpoints and met all secondary endpoints. The trial studied vonoprazan in combination with amoxicillin and clarithromycin and vonoprazan in combination with amoxicillin compared to lansoprazole in combination with amoxicillin and clarithromycin. Both vonoprazan-based regimens successfully met their primary endpoints. In the modified intent-to-treat population, H. pylori eradication rates were 84.7% with vonoprazan triple therapy and 78.5% for vonoprazan dual therapy compared to 78.8% with lansoprazole triple therapy. Additional efficacy analyses were conducted using the pre-specified per protocol population, a subset of the mITT population comprised of patients who were protocol compliant as defined by FDA draft Guidance for Industry. In the per protocol population, H. pylori eradication rates were 90.4% with vonoprazan triple therapy and 81.2% with vonoprazan dual therapy compared to 82.1% with lansoprazole triple therapy. "PHALCON-HP is the largest Phase 3 registration trial ever conducted in H. pylori infection, randomizing 992 patients with confirmed H. pylori infection," the company said. "We believe the topline results of our PHALCON-HP study support the potential of vonoprazan-based therapies to change H. pylori treatment. There are estimated to be over 200 million people infected with H. pylori in the United States and Europe, and our market research among patients and physicians show antibiotic resistance, coupled with complexity of treatment, as leading causes of eradication failure. Based on these results, which further build on the robust data previously reported from clinical studies of vonoprazan-based regimens in Japan, we plan to submit NDAs with the FDA for vonoprazan dual and triple therapy in H. pylori before the end of the year," said Terrie Curran, Phathom's President and CEO.
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ZEN | Hot Stocks16:33 EDT Zendesk names Shelagh Glaser CFO - Zendesk announced the appointment of its new Chief Financial Officer, Shelagh Glaser, subject to the commencement of her employment, who is expected to join Zendesk on May 28, 2021. Over a more than 25-year career at Intel Corporation, Ms. Glaser has held a wide variety of finance and leadership roles across the organization. As previously announced, Elena Gomez will depart the company on May 5, 2021. Following Ms. Gomez's departure and until commencement of Ms. Glaser's employment, Marc Cabi, Zendesk's Deputy Chief Financial Officer, will serve as Zendesk's interim principal financial officer.
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CUBE | Hot Stocks16:33 EDT CubeSmart reports Q1 same-store NOI up 8.9% y/y
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PHAT | Hot Stocks16:30 EDT Phathom Pharmaceuticals trading resumes
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NDLS | Hot Stocks16:28 EDT Noodles & Company sees FY21 capital expenditures $20M-$24M - Sees FY21 new restaurants 10-15. Sees system-wide unit growth of at least 7% annually beginning in 2022, quickly reaching 10% annual growth on a path to at least 1,500 units.
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COG | Hot Stocks16:27 EDT Cabot Oil & Gas backs FY21 capital program $530M-$540M - Cabot reaffirmed its guidance for 2021. The company's operating plan for the year is expected to deliver an average net production rate of 2,350 Mmcfe per day from a capital program of $530M-$540M. Cabot has also provided its second quarter 2021 production guidance range of 2,225 to 2,275 Mmcfe per day. "Our production guidance for the second quarter implies a slight sequential decline relative to the first quarter, which is a result of lower activity levels and capital spending during the winter season," commented Dinges. "Activity levels are expected to increase in the second and third quarters, resulting in sequential growth during the second half of the year, primarily during the fourth quarter in anticipation of higher natural gas prices and the in-service of the Leidy South expansion project."
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COG | Hot Stocks16:26 EDT Cabot Oil & Gas raises quarterly dividend 10% to 11c per share - The dividend will be paid on May 27 to all shareholders of record as of the close of business on May 13.
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HP | Hot Stocks16:25 EDT Helmerich & Payne sees exiting Q3 at between 120-125 contracted rigs - Helmerich & Payne said: "We expect North America Solutions operating gross margins to be between $65-$75M. We expect to exit the quarter at between 120-125 contracted rigs. We expect International Solutions operating gross margins to be between ($1M)-($3M) , exclusive of any foreign exchange gains or losses Offshore Gulf of Mexico. We expect Offshore Gulf of Mexico operating gross margins to be between $6M-$9M.
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TACO | Hot Stocks16:24 EDT Del Taco sees commodity inflation of about 1%, menu price increase of about 4% - The company states: "Due to the continued uncertainty surrounding COVID-19 and its impact on the business, the Company is not able to provide a full outlook with respect to the 2021 fiscal year."
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EVTC | Hot Stocks16:17 EDT Evertec names Diego Viglianco as new COO - EVERTEC announced management changes, including the addition of Diego Viglianco as Chief Operating Officer and naming Philip Steurer, formerly Evertec Chief Operating Officer, as Chief Strategy Officer. Diego Viglianco most recently served as the CEO of Interbanking, S.A, a digital financial ACH/Real Time payments company headquartered in Argentina. Previously, Viglianco has held senior management positions with Prisma Medios De Pago S.A in Argentina, MasterCard in Argentina and Miami, USA, and Promocion y Operacion S.A. de C.V. in Mexico. Viglianco holds an MBA in Economy and Business Administration from ESEADE University, Argentina and a Bachelor of Science in Engineering from University of Salvador, Argentina. Philip Steurer most recently served as Chief Operating Officer and joined Evertec in 2012. Before joining the Company, Steurer worked for over 11 years at First Data Corporation, where he last served as Senior Vice President, Latin America and Caribbean. Steurer holds an MBA in Finance from Indiana University and a Bachelor of Business Administration degree in Finance from the University of Notre Dame.
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ROG | Hot Stocks16:16 EDT Rogers Corporation sees FY21 effective tax rate 23%-24%, CapEx $70M-$80M
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ROG | Hot Stocks16:15 EDT Rogers Corporation names Ram Mayampurath as CFO, effective May 1 - Rogers Corporation announced that Ram Mayampurath has been appointed to serve as the company's new Senior Vice President, CFO and Treasurer effective May 1, 2021. Mayampurath is replacing Michael Ludwig as CFO, whose retirement was previously announced. udwig will remain with the ompany for a transition period prior to his retirement.
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VCRA | Hot Stocks16:14 EDT Vocera to acquire PatientSafe Solutions, terms not disclosed - Vocera Communications announced it is acquiring PatientSafe Solutions based in San Diego, CA. PatientSafe Solutions consolidates secure messages, voice calls, alerts, and nurse call notifications with data from the electronic medical record (EMR) to enable care teams to quickly manage mission-critical workflows in one mobile smartphone app. The deal is expected to close in the next few days. "This acquisition positions us well to extend our reach into small and mid-size hospitals with a simple-to-deploy and easy-to-use solution," said Brent Lang, Chairman and CEO of Vocera. "We anticipate this transaction will also accelerate our evolution to the cloud and provide opportunities to strengthen key relationships, extending our communication and collaboration solutions to support more frontline workers across the continuum of care."
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WRAP | Hot Stocks16:14 EDT Wrap Technologies sees headwinds through at least 1H21 - "We continue to expect near-term headwinds to our growth as international travel remains limited.," said Smith. "We expect this to continue through at least the first half of 2021, then soften as we proceed through the second half of 2021. Accordingly, near-term growth rates may differ from historical norms."
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PEB | Hot Stocks16:14 EDT Pebblebrook Hotel sees Q2 revenue down (66%)-(70%) vs. 2Q19, improved from Q1 - For Q2 2021, the Company expects both Same-Property Room Revenues and Total Revenues to be down between (66%) and (70%) compared to Q2 2019, much improved from Q1 2021.
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PEB | Hot Stocks16:13 EDT Pebblebrook Hotel unable to provide outlook for 2021 at this time
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PEB | Hot Stocks16:12 EDT Pebblebrook Hotel thinks eliminating monthly cash burn could occur in Q3 - Assuming continuing progress against the virus and accompanying demand improvement, Pebblebrook believes eliminating its monthly total corporate cash burn could occur in the third quarter.
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TXRH | Hot Stocks16:12 EDT Texas Roadhouse sees FY21 capital expenditures $210M-$220M - Sees FY21 store openings 25-30. Sees FY21 commodity cost inflation 4%. The company said, "To the extent that state and local guidelines begin to significantly reduce capacity and/or re-close dining rooms, the Company could pull back on development and reduce capital spend accordingly."
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KMPR | Hot Stocks16:12 EDT Kemper Q1 book value per share $66.74 vs. $69.74 last quarter - Book value per share excluding net unrealized gains on fixed maturities was $60.00, up from $58.67 at the end of 2020.
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TWTR | Hot Stocks16:09 EDT Twitter sees FY21 CapEx $900M-$950M - Stock-based compensation expense is expected to be approximately $600 million. Twitter said: "We are attracting more great people to Twitter than ever before and investing in our highest priorities to deliver on our long-term goals across consumer product, revenue product, and platform. As a result, we now expect headcount growth to more closely mirror expense growth in 2021, with headcount -- and total costs and expenses -- growing 25% or more on a year-over-year basis in 2021, ramping in absolute dollars over the course of the year. As a reminder, SBC expense is closely tied to headcount, the timing of grants, and vesting, and we typically see a significant sequential increase in Q2 driven by the timing of refresh grants in the early part of the year. As such, we expect to report a sequential increase in SBC expense of $60 million or more in Q2. Expected full-year SBC expense has also increased to approximately $600 million, from our previous range of $525 million to $575 million, reflecting increased hiring and retention grants. We continue to expect total revenue to grow faster than expenses in 2021, assuming the global pandemic continues to improve and that we see modest impact from the rollout of changes associated with iOS 14.5. How much faster will depend on various factors, including our execution on our direct response roadmap and macroeconomic factors."
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TWTR | Hot Stocks16:08 EDT Twitter CFO says Q1 was a 'solid' start to 2021 - "People turn to Twitter to see and talk about what's happening, and we are helping them find their interests more quickly while making it easier to follow and participate in conversations," said Jack Dorsey, Twitter's CEO. "Average monetizable DAU reached 199 million, up 20% year over year and up 7 million sequentially, driven by ongoing product improvements and global conversation around current events." "Q1 was a solid start to 2021, with total revenue of $1.04 billion up 28% year-over-year, reflecting accelerating year-over-year growth in MAP revenue and brand advertising that improved throughout the quarter," said Ned Segal, Twitter's CFO. "Advertisers continue to benefit from updated ad formats, improved measurement, and new brand safety controls, contributing to 32% year-over-year growth in ad revenue in Q1."
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TWTR | Hot Stocks16:07 EDT Twitter reports Q1 average mDAU 199M vs. 166M last year - Average monetizable daily active users were 199 million for Q1, compared to 166 million in the same period of the previous year and compared to 192 million in the previous quarter. Average US mDAU were 38 million for Q1, compared to 33 million in the same period of the previous year and compared to 37 million in the previous quarter. Average international mDAU were 162 million for Q1, compared to 133 million in the same period of the previous year and compared to 155 million in the previous quarter.
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GILD | Hot Stocks16:06 EDT Gilead reports Q1 Veklury sales $1.46B - The company said sales of Veklury are generally affected by COVID-19 related rates of infections, hospitalizations and vaccinations.
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AMZN | Hot Stocks16:04 EDT Amazon.com jumps 5% after Q1 earnings, sales beat expectations - Amazon shares are up $179.54, or 5%, to $3,650.85 in after-hours trading.
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AMZN | Hot Stocks16:03 EDT Amazon reports Q1 AWS net sales $13.5B vs. $10.2B a year ago - Amazon reports Q1 AWS operating income of $4.16B vs. $3.08B a year ago.
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PHAT | Hot Stocks16:00 EDT Phathom Pharmaceuticals trading halted, news pending
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NUE | Hot Stocks15:43 EDT Nucor VP Napolitan sells over $409K in sharesNucor - Nucor VP Raymond Napolitan sold 5,000 shares of company stock at $81.96 per share on April 28 for a total consideration of $409,791.
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SPCE | Hot Stocks14:50 EDT Virgin Orbit announces selection by Brazilian Space Agency and Air Force - The Brazilian Space Agency and Brazilian Air Force announced that Virgin Orbit has been selected to bring orbital launch capability to Brazil, a country which has never successfully completed a domestic launch to orbit, the company announced. "Thanks to the unique mobility and small footprint of Virgin Orbit's air-launched system architecture, launches to a wide range of orbital inclinations could quickly become possible without the need for new permanent infrastructure, nor the expansion of existing facilities. Launches would occur from the Alcantara Launch Center on Brazil's northern coast, located just two degrees south of the equator," the company said. Reference Link
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MGI SAP | Hot Stocks14:35 EDT Department of Treasury announces settlement agreements with MoneyGram, SAP - The U.S. Department of the Treasury's Office of Foreign Assets Control, or OFAC, announced a settlement with MoneyGram Payment Systems. MoneyGram (MGI) agreed to remit $34,328.78 to settle its potential civil liability for 359 apparent violations of multiple sanctions programs. MoneyGram provided services to blocked individuals incarcerated in U.S. federal prisons without a license from OFAC, processed transactions on behalf of an additional blocked person, and processed transactions for individuals who initiated commercial transactions involving Syria, Treasury stated. Separately, OFAC has announced a $2,132,174 settlement with SAP (SAP). SAP has agreed to settle its potential civil liability for 190 apparent violations of the Iranian Transactions and Sanctions Regulations, Treasury stated. Reference Link
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NSRGY... | Hot Stocks14:16 EDT NY AG investigates toxic substances found in baby food sold in NY - New York Attorney General Letitia James launched a probe this week into several manufacturers of baby food regarding high levels of inorganic arsenic found in infant rice cereal products. In response to widespread concern regarding toxic metals found in baby food, Attorney General James requested information from the companies that make Gerber, Beech-Nut, Earth's Best Organic, and HappyBABY brands, to examine whether the infant rice cereal products that are sold in New York contain arsenic at levels exceeding the legal maximum under the law. Attorney General James is also seeking information about the advertising and promotion of the products to assess their compliance with New York's consumer protection laws. "No child should be exposed to toxic substances in their food," said Attorney General James. "Baby food manufacturers have a legal and moral obligation to ensure the safety of their products, and provide peace-of-mind to the parents who rely on their products every day. Through this probe, I am committed to protecting the health and wellness of the next generation." The Fly notes Gerber is a Nestle (NSRGY) brand, Earth's Best Organic is a Hain Celestial (HAIN) brand, and HappyBABY Brands is owned by Danone (DANOY). Reference Link
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GDOT | Hot Stocks14:01 EDT Green Dot up 2% after Deutsche Bank conference cancellation - Green Dot has cancelled, as of April 28, from the 11th Annual Global Financial Services Conference hosted by Deutsche Bank, according to the "participating companies" list for the event. Conference cancellations are some times pointed to by traders as a source of M&A speculation. In afternoon trading, shares of Green Dot are up 99c, or 2%, to $46.10. Reference Link
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NUE | Hot Stocks13:50 EDT Nucor VP Napolitan sells over $409K in shares - Nucor VP Raymond Napolitan sold 5,000 shares of company stock at $81.96 per share on April 28 for a total consideration of $409,791.
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DIS | Hot Stocks13:32 EDT Disney names Paul Richardson as Chief Human Resources Officer - Paul Richardson has been named Senior Executive Vice President and Chief Human Resources Officer of The Walt Disney Company, effective July 1, the company announced. Richardson, who is currently Senior Vice President, Human Resources for ESPN and was Disney's first Chief Diversity Officer, will succeed Jayne Parker, who previously announced she is leaving the company at the end of June and will work closely with Richardson during the transition.
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GTN | Hot Stocks13:22 EDT Gray Television trading resumes
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MWK ATER | Hot Stocks13:11 EDT Mohawk Group to rebrand as Aterian - Mohawk Group Holdings (MWK) announced that it will be rebranded as Aterian (ATER), effective 12:01 a.m. Eastern on April 30, 2021. The company said, "As the Company enters this new chapter in its journey, the new brand identity reflects the Company's mission, operational expertise and market edge. Aterian is a market leading technology-enabled consumer products platform that builds, acquires and partners with best-in-class e-commerce brands. The Company's proprietary software and highly agile supply chain creates top selling products for a growing base of data empowered e-commerce consumers."
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SO | Hot Stocks13:11 EDT Southern Company 'minimally impacted' during harsh winter weather - Says has "reliably" provided energy to customers amid pandemic. Says was "minimally impacted" during harsh winter weather in the south. Comments taken from Q1 earnings conference call.
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GTN | Hot Stocks13:09 EDT Gray to divest certain TV stations currently owned by Quincy for $380M - Gray Television reached an agreement to divest certain television stations currently owned by Quincy Media, to Byron Allen's Allen Media Broadcasting for $380M dollars in cash. Allen Media, which owns and operates local television stations in twelve markets, also owns 12 networks including The Weather Channel and the free-streaming service Local Now. Allen Media Group was founded by Byron Allen in 1993. Earlier this year, Gray reached an agreement to acquire Quincy for $925M in cash. To facilitate regulatory approvals for this transaction, Gray agreed to sell to Allen Media the following television stations currently owned by Quincy, each of which operates in a market in which Gray also owns and operates a television station: Gray's acquisition of Quincy and Gray's sale of the foregoing Quincy stations to Allen Media will close simultaneously. As such, at no time will Gray own, control or operate any of the divestiture television stations. Gray expects to close these transactions following receipt of regulatory and other approvals in the third quarter of 2021.
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BC | Hot Stocks13:03 EDT Brunswick raises quarterly dividend 24% to 33.5c per share - The board of directors of Brunswick declared a quarterly dividend on its common stock of 33.5c per share, an increase of 24% to the current dividend. The dividend will be payable on June 15 to shareholders of record at the close of business on May 18. "Our strong financial profile, exceptional earnings and cash flow generation affords us the opportunity to significantly increase our dividend earlier in the year than we have in past years, reflecting the continued confidence we have in our outlook and strategy" said Dave Foulkes, Brunswick Corporation CEO.
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SYY CVS | Hot Stocks12:59 EDT Sysco appoints Ron Phillips as EVP, CHRO - Sysco Corporation (SYY) announced that Ron Phillips will join the company as executive vice president and chief human resources officer, effective May 3, 2021. Most recently, Phillips served as Senior Vice President, Human Resources, Retail, Omnicare and Enterprise Modernization at CVS Health (CVS).
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GTN | Hot Stocks12:44 EDT Gray Television trading halted, news pending
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COIN PYPL | Hot Stocks12:21 EDT Coinbase allows U.S. customers to buy crypto through PayPal - In a blog post, Coinbase (COIN) product manager Eddie Lo said, "We are now offering millions of customers in the US a simple and speedy way to buy crypto on Coinbase using your debit cards and bank accounts linked to PayPal (PYPL). Buying crypto should be simple and easy. However, moving money in the traditional world of finance can be anything but. ACH and wire transfers can take time and effort, and we know you are expecting faster and more seamless ways to make crypto purchases. Now, you can instantly fund crypto purchases with PayPal in just a few taps. Funding crypto purchases through PayPal offers a familiar and trusted experience as you explore the world of crypto. Working with the payments ecosystem, PayPal has built up the knowledge and implemented the proper tools in order to assure transparency, performance and security in all services. We're now one step further in bringing everyone easy and secure access to the cryptoeconomy... If you have an existing PayPal account, you'll be able to start making transactions on Coinbase right away. Plus, there's no need to add bank accounts or card numbers directly to Coinbase - you can continue using PayPal to securely manage your information." Reference Link
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CPAC | Hot Stocks12:12 EDT Cementos Pacasmayo trading resumes
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UBER LYFT | Hot Stocks12:05 EDT Uber, Lyft fall after Labor Secretary comments on gig workers' status
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CDE | Hot Stocks12:00 EDT Coeur Mining falls -12.8% - Coeur Mining is down -12.8%, or -$1.23 to $8.38.
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XYF | Hot Stocks12:00 EDT X Financial falls -13.2% - X Financial is down -13.2%, or -61c to $4.00.
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BTU | Hot Stocks12:00 EDT Peabody Energy falls -15.5% - Peabody Energy is down -15.5%, or -67c to $3.62.
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CCS | Hot Stocks12:00 EDT Century Communities rises 11.8% - Century Communities is up 11.8%, or $7.83 to $74.10.
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RLGY | Hot Stocks12:00 EDT Realogy rises 13.8% - Realogy is up 13.8%, or $2.10 to $17.35.
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VER | Hot Stocks12:00 EDT Vereit rises 16.9% - Vereit is up 16.9%, or $6.99 to $48.25.
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MSFT | Hot Stocks11:36 EDT Microsoft to increase PC game developer share on Microsoft Store to 88% - Microsoft said in a blog post that it is updating its Microsoft Store terms for PC game developers. "As part of our commitment to empower every PC game creator to achieve more, starting on August 1 the developer share of Microsoft Store PC games sales net revenue will increase to 88%, from 70%," said Matt Booty, head of Xbox Game Studios. "A clear, no-strings-attached revenue share means developers can bring more games to more players and find greater commercial success from doing so." Reference Link
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QCOM | Hot Stocks11:24 EDT Qualcomm CEO says 'very well hedged' in smartphone market - "If Apple wins, we win. If Samsung wins, we win," said Qualcomm incoming CEO Cristiano Amon while being interviewed on CNBC.
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CPAC | Hot Stocks10:15 EDT Cementos Pacasmayo trading halted, news pending
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F | Hot Stocks10:00 EDT Ford falls -9.1% - Ford is down -9.1%, or -$1.14 to $11.29.
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RFP | Hot Stocks10:00 EDT Resolute Forest falls -10.4% - Resolute Forest is down -10.4%, or -$1.62 to $13.94.
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BTU | Hot Stocks10:00 EDT Peabody Energy falls -12.1% - Peabody Energy is down -12.1%, or -52c to $3.77.
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NOK | Hot Stocks10:00 EDT Nokia rises 13.7% - Nokia is up 13.7%, or 57c to $4.78.
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CGA | Hot Stocks10:00 EDT China Green rises 14.5% - China Green is up 14.5%, or $1.98 to $15.66.
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VER | Hot Stocks10:00 EDT Vereit rises 18.3% - Vereit is up 18.3%, or $7.55 to $48.81.
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NOC | Hot Stocks09:59 EDT Northrop Grumman 'optimistic' on driving 'strong' cash flows from operations - Says company's focus is on the national security space and expects growth to come from that sector. Expects FY21 R&D expense about 3% of sales.
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BTI... | Hot Stocks09:57 EDT FDA says working towards ban on menthol cigarettes, flavored cigars - The Food and Drug Administration announced it is committing to "advancing two tobacco product standards to significantly reduce disease and death from using combusted tobacco products, the leading cause of preventable death in the U.S." The FDA said it is working toward issuing proposed product standards within the next year to ban menthol as a characterizing flavor in cigarettes and ban all characterizing flavors in cigars. "This decision is based on clear science and evidence establishing the addictiveness and harm of these products and builds on important, previous actions that banned other flavored cigarettes in 2009," the FDA said in a statement. Today, the FDA granted a citizen petition requesting that the agency pursue rulemaking to prohibit menthol in cigarettes. The 2009 Tobacco Control Act did not include menthol in its ban on characterizing flavors in cigarettes, leaving menthol cigarettes as the only flavored combusted cigarettes still marketed in the U.S., the agency noted. Publicly traded companies in the tobacco space include Altria Group (MO), British American Tobacco (BTI), Imperial Brands (IMBBY) and Philip Morris (PM). Reference Link
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TS | Hot Stocks09:47 EDT Tenaris falls -7.9% - Tenaris is down -7.9%, or -$1.79 to $20.86.
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RFP | Hot Stocks09:47 EDT Resolute Forest falls -10.6% - Resolute Forest is down -10.6%, or -$1.65 to $13.91.
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BTU | Hot Stocks09:47 EDT Peabody Energy falls -11.7% - Peabody Energy is down -11.7%, or -50c to $3.79.
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ADS | Hot Stocks09:47 EDT Alliance Data rises 8.4% - Alliance Data is up 8.4%, or $9.03 to $116.87.
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NOK | Hot Stocks09:47 EDT Nokia rises 15.5% - Nokia is up 15.5%, or 65c to $4.85.
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VER | Hot Stocks09:47 EDT Vereit rises 18.6% - Vereit is up 18.6%, or $7.67 to $48.93.
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SNPR... | Hot Stocks09:42 EDT Kohl's, Volta bringing 100 EV charging stations to 50 additional stores - Kohl's (KSS) and Volta Industries (SNPR) earlier announced they will bring 100 electric vehicle charging stations to 50 additional Kohl's stores this year. The companies said: "Volta charging stations at Kohl's will bring free, clean EV charging energy to Kohl's customers at more than 50 additional store locations. The new stations will be prominently located near the front doors, creating an easy experience for Kohl's customers to charge their cars while they shop." The Fly notes that the deal with Kohl's follows a recent deal with Macy's (M) to offer free charging to its customers at dozens of locations nationwide. Reference Link
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CTXR | Hot Stocks09:41 EDT Citius Pharmaceuticals reports strong clinical engagement for Mino-Lok - Citius Pharmaceuticals announced updates delivered during its third Mino-Lok Phase 3 trial-related webinar. Mino-Lok, the company's lead product candidate, is an antibiotic lock therapy designed to salvage central venous catheters in patients with catheter related bloodstream infections or central line associated blood stream infections. The webinar, led by Dr. Alan Lader, PhD, Vice President of Clinical Operations at Citius Pharmaceuticals was attended by investigators, clinical trial staff and referring physicians from trial sites participating in the Mino-Lok Phase 3 clinical trial. "We are encouraged to see strong and growing interest within the clinical community in Mino-Lok as a potential treatment option for patients with CRBSI/CLABSI. There are currently no FDA approved therapies to salvage infected CVCs," stated Dr. Myron Czuczman, Executive Vice President and Chief Medical Officer of Citius Pharmaceuticals. "We believe Mino-Lok has the potential to become the gold standard in CRBSI/CLABSI care, and the first and only FDA approved treatment option for salvaging catheters in patients with CRBSI/CLABSI," added Myron Holubiak, President and CEO.
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VZIO VZ | Hot Stocks09:32 EDT Vizio, Verizon Media enter strategic partnership for omnichannel advertising - Verizon Media (VZ) and VIZIO (VZIO) announced a strategic partnership to deliver new cross-platform and connected TV advertising solutions, anchored in unique TV viewership data and premium programmatic inventory access. Effective immediately, Verizon Media gains demand-side platform access to VIZIO's Inscape viewership data from more than 18M opted-in VIZIO Smart TVs. Verizon Media will be the exclusive DSP to access this data beginning in 2022. The alliance will enable expanded CTV targeting, optimization, and measurement opportunities for Verizon Media's DSP advertisers, independent of cookies. While VIZIO remains the exclusive seller of its guaranteed inventory and data licensing, the agreement now also makes Verizon Media its preferred supply-side platform for programmatic ad monetization.
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MA | Hot Stocks09:25 EDT MasterCard: U.S. airline spend roughly doubled in last 4 weeks
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NOC | Hot Stocks09:24 EDT Northrop Grumman says 'very pleased' with Q1 results - Says continues to pursue "balanced" capital allocation strategy. Expects to return majority of cash to shareholders. Says Space Systems continues to be fastest growing segment. Comments taken from Q1 earnings conference call.
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MA | Hot Stocks09:24 EDT MasterCard has several crypto partnerships approved for launch this quarter
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MA | Hot Stocks09:23 EDT MasterCard to launch credit card with cryptocurrency exchange Gemini this year
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CSSE TRU | Hot Stocks09:22 EDT Chicken Soup for the Soul's Crackle Plus signs agreement with TransUnion - Chicken Soup for the Soul (CSSE) announced Crackle Plus has signed an agreement with TransUnion (TRU), a global information and insights company. With this agreement, Crackle Plus will utilize TransUnion's identity and audience solutions to allow the AVOD industry leader to "better serve more relevant advertising to their audiences and thus provide a higher value to agency and brand partners," the company said. With the agreement, Crackle Plus will have access to TransUnion's audience insights, automation tools for onboarding advertiser first-party data, modeling and custom audience building.
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GRTX | Hot Stocks09:21 EDT Galera says 'near double' median overall survival seen with GC4419 in trial - Last night, Galera Therapeutics announced updated results from its Phase 1/2 pilot trial of GC4419, versus placebo, in patients with locally advanced pancreatic cancer who are undergoing stereotactic body radiation therapy. The updated results, as of this data analysis, include a minimum follow up of six months on all 42 patients and were consistent with the positive results reported with a minimum follow up of three months. The company plans to report final results from the trial after a minimum of one year of follow up, expected during the second half of 2021. As of this data analysis, median overall survival in the treatment arm was nearly twice as long as observed in the placebo arm, 20.1 months compared to 10.9 months, respectively. 29% of patients in the treatment arm achieved a 30% or greater response compared to 11% of patients in the placebo arm. "Positive results were also observed in local tumor control, time to metastases and progression-free survival. As previously reported, GC4419 was well tolerated as of this data analysis, with similar rates of adverse events in the treatment and placebo arms," Galera stated. In morning trading, Galera shares are up $3.16, or 48%, to $9.77.
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PKI | Hot Stocks09:20 EDT PerkinElmer's Oxford Immunotec announce T-SPOT COVID-19 kit used in DIRECT study - Oxford Immunotec, a diagnostics company part of PerkinElmer, announced that its T-SPOT Discovery SARS-CoV-2 kit will be used for T cell testing in the DIRECT study. Oxford Immunotec is collaborating with researchers at the University of Leicester on DIRECT. The study, funded through the National Core Studies group, is actively recruiting healthcare workers in Leicester for detailed analysis of their immune response to infection and / or vaccination. This analysis, together with information collected through online questionnaires, will enable researchers to understand whether there are differences in the immune response in different ethnic minority groups, including whether there are differences in the magnitude and duration of this response. The custom version of the T-SPOT Discovery SARS-CoV-2 kit will be used to assess if the vaccination induces a T cell response in study subjects. The kit uses the T-SPOT technology platform, which allows for the standardized and reproducible measurement of T cells reactive to SARS-CoV-2. Testing for an immune response using T cells may offer several advantages over conventional antibody testing due to the limitations reported with antibodies, such as antibodies not being present after infection and antibodies waning over time.
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O VER | Hot Stocks09:19 EDT Realty Income to acquire Vereit in all-stock transaction - Realty Income Corporation (O) and VEREIT (VER) announced that the two companies have entered into a definitive merger agreement by which Realty Income will acquire VEREIT in an all-stock transaction, creating a combined company with an enterprise value of approximately $50B. Under the terms of the agreement, VEREIT shareholders will receive 0.705 shares of Realty Income stock for every share of VEREIT stock they own. Immediately following the closing, the companies expect to effectuate a taxable spin-off of substantially all of the office properties of both companies into a new, self-managed, publicly traded REIT, or "SpinCo.". Following the merger and the spin-off, Realty Income will continue as the surviving public entity. Realty Income and former VEREIT shareholders are expected to own approximately 70% and 30%, respectively, of both Realty Income and SpinCo. The transactions are expected to be over 10% accretive to Realty Income's AFFO per share in year one, "add meaningful diversification that further enables new growth avenues, strengthen cash flow durability, and provide significant financial synergies, particularly through accretive debt refinancing opportunities," the company said. After giving pro-forma effect for the closing of the merger and assuming the anticipated spin-off of the office assets, Realty Income's shareholders will own a diversified global portfolio of approximately 10,300 primarily single-tenant, net lease commercial real estate properties located in 50 U.S. states, Puerto Rico and the U.K. Upon completion of the planned spin-off, shareholders of both companies are expected to receive a stock distribution in a separate, publicly traded REIT, subject to customary conditions. The anticipated spin-off of substantially all of the combined companies' office properties is expected to result initially in a pure-play, self-managed portfolio of 97 domestic office properties. The merger is subject to customary closing conditions, including the approval of both Realty Income and VEREIT shareholders, and is expected to close during the fourth quarter of 2021. The boards of directors of both companies have unanimously approved the transaction.
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SSNC | Hot Stocks09:19 EDT SS&C updates increased offer on Mainstream Group acquisition - SS&C has amended the Scheme Implementation Deed with Mainstream Group to provide for an acquisition by SS&C of 100% of the shares and outstanding equity rights in Mainstream for A$2.35 per security pursuant to a scheme of arrangement. In the absence of a superior proposal, and subject to independent expert review, the board of directors of Mainstream intends to support the revised scheme of arrangement on that basis. SS&C has agreed to increase the consideration payable under the scheme after receipt by Mainstream of a non-binding indicative cash offer of $2.35 per security from a third party. Mainstream has terminated any discussions with such third party. Mainstream is a provider of investment administration, middle office, fund accounting, superannuation administration, share registry and unit registry services to fund managers and superannuation funds. The company serves clients globally through its offices in Australia, Hong Kong, Singapore, Ireland, Malta, Isle of Man, the Cayman Islands and the U.S. Terms of the proposed acquisition imply an enterprise value for Mainstream of approximately $270M. The purchase is expected to close in Q3.
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LOTZ | Hot Stocks09:17 EDT CarLotz plans to open second Chicago-area hub in upcoming months - CarLotz announced it will open its second Chicago-area hub in the coming months. The hub will be located about 20 miles north of downtown Chicago at 250 Skokie Valley Road in Highland Park, Ill. CarLotz also operates a hub in Downers Grove, Ill., just west of Chicago. "The great people of the Windy City have embraced CarLotz's consignment model," said Michael Bor, Cofounder and CEO of CarLotz. "Our Downers Grove hub has successfully served our guests in the greater Chicago area since 2018 and we are so excited to make it even easier for them to get more money for their car and more car for their money."
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IBRX | Hot Stocks09:16 EDT ImmunityBio announces MHRP launch of IL-15 trial in Thailand - ImmunityBio announced that the U.S. Military HIV Research Program, or MHRP, at the Walter Reed Army Institute of Research has launched a Phase 2 clinical trial in Thailand to evaluate ImmunityBio's interleukin-15, or IL-15, superagonist Anktiva administered in combination with antiretroviral therapy, or ART, during acute HIV infection as an experimental therapy to target and inhibit early establishment of HIV 'reservoirs' in infected individuals. Researchers will compare levels of HIV RNA and DNA in lymph node samples pre- and post-treatment and evaluate the therapy's effects on CD8+ T and natural killer, or NK, immune cells. The study is being conducted at the Thai Red Cross AIDS Research Centre in Bangkok. The trial's participants are being recruited through MHRP's acute HIV infection cohort, which identifies individuals in the earliest post-infection stages. The cohort serves as a foundation to help researchers conduct investigations into long-term remission of HIV and to understand ways to suppress HIV without long-term antiretroviral treatment.
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CVS | Hot Stocks09:16 EDT CVS Health launches $100M venture fund - CVS Health launched CVS Health Ventures, a dedicated corporate venture capital fund that will invest in and partner with high-potential, early-stage companies focused on health care. The fund will initially launch with $100M allocated for investments and will focus on companies with the potential for technology-enabled innovation and disruption in digital health care that are anchored in CVS Health's core strategy. CVS Health has already made more than 20 direct investments through the CVS and Aetna businesses.
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BWAY | Hot Stocks09:15 EDT Brainsway announces launch of noninvasive treatment for smoking addiction - BrainsWay announced the distribution of its first 10 Deep Transcranial Magnetic Stimulation devices for smoking addiction to practices across the United States. The recently FDA-cleared aid for short-term smoking cessation offers a noninvasive treatment that administers electromagnetic pulses using BrainsWay's patented H4-coil through a cushioned helmet, stimulating neurons in brain structures associated with addiction. "Tobacco smoking is one of the leading causes of preventable disease and death throughout the world," said Christopher von Jako, Ph.D., President and CEO of BrainsWay. "We have seen lives drastically changed after undergoing Deep TMS treatment and are eager to bring this same hope to those who desire to quit smoking. Research shows that there is often comorbidity between tobacco use and mental disorders, and the COVID-19 pandemic has exacerbated both. Many patients have given up trying to quit, but now, with a noninvasive option like Deep TMS, we are hopeful they are able to take that step."
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ILMN | Hot Stocks09:15 EDT Illumina Files action for annulment of EC's decision to assert certain jurisdic - Illumina, announced today that it has filed an action in the General Court of the European Union asking for annulment of the European Commission's decision asserting jurisdiction to review Illumina's acquisition of GRAIL. The Commission asserted jurisdiction to review the acquisition under Article 22 of the EU Merger Regulation on April 19, 2021, seven months after the deal was announced. "The European Commission's unprecedented and untimely decision to review this procompetitive acquisition without proper engagement with the parties leaves businesses uncertain as to how the EU Merger Regulation will be applied," said Charles Dadswell, Senior Vice President and General Counsel for Illumina. "The Commission's actions will stifle innovation, fail patients and increase healthcare costs by needlessly delaying this transaction. The acquisition will allow Illumina to bring GRAIL's lifesaving testing to more patients, more quickly and at a lower cost." While the Court process is ongoing, Illumina will continue to work with the European Commission's Directorate-General for Competition to bring the review to a conclusion as quickly as possible.
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JACK | Hot Stocks09:14 EDT Jack in the Box names new Chief People and Information Officers - Jack in the Box has named Steve Piano as Chief People Officer and Carlson Choi as Chief Information Officer. Piano, who most recently served as head of human resources for GNC Holdings, was previously executive VP of HR at MoneyGram. Choi joins the company from Jollibee Foods, a $4B global restaurant operator, where he was global chief digital officer and chief information officer. Prior to that, Choi served as a global VP in the digital initiatives group at Mattel .
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MA | Hot Stocks09:14 EDT MasterCard saw particular strength in debit, mostly driven by fiscal stimulus
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CMTL | Hot Stocks09:14 EDT Comtech awarded $1.6M NG911 contract from Toronto Paramedic Services - Comtech announced that during Q3 it was awarded a next generation 911, or NG911, services contract to provide its Guardian call management solution to the Toronto Paramedic Services, the largest municipal paramedic service in Canada. The Toronto Paramedic Services is Comtech Solacom's latest customer in that region, joining the Toronto Police Services which also recently awarded a contract to Comtech Solacom. The new system award, including multiple optional years of support, is worth $1.6M.
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HTOO | Hot Stocks09:13 EDT Fusion Fuel, Elencor Group partner to develop green hydrogen projects in Spain - Fusion Fuel Green announces that it has reached a collaboration agreement with the Elecnor Group for the development of green hydrogen projects in Spain using Fusion Fuel's HEVO-SOLAR technology. This collaboration will "target the development of solar-to-hydrogen plants, leveraging Elecnor's extensive commercial footprint and expertise in the engineering, construction, and development of renewable energy infrastructure projects, as well as its diversification into green hydrogen production," the company said.
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RXT | Hot Stocks09:12 EDT Rackspace Technology announces strategic investment in Platform9 - Rackspace Technology announced it has made a strategic investment in Platform9, the leading SaaS Managed Kubernetes provider for distributed clouds, and launched Rackspace Managed Platform for Kubernetes. Driven by a shared multicloud vision, both companies will collaborate and deeply align on products, technologies, and go-to-market activities.
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COMP | Hot Stocks09:12 EDT Compass adds first office in North Carolina - Compass has expanded to North Carolina, with 55 agents joining in the Raleigh-Durham area. These agents represent more than $420M in 2020 sales volume. Compass' end-to-end platform is now available to home buyers and sellers who work with a Compass agent in North Carolina.
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GE VZ | Hot Stocks09:11 EDT GE adds Verizon 5G to testbed for energy, healthcare, aviation cases - GE Research, the technology development arm of the General Electric Company (GE), is collaborating with Verizon Business (VZ) to create a cross industry testbed powered by Verizon 5G Ultra Wideband.
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NOC | Hot Stocks09:11 EDT Northrop Grumman sees FY21 Aeronautics Systems sales mid to high $11B range - For FY21, sees: Aeronautics Systems OM range low 10%; Defense Systems sales mid to high $5B range, OM rate low 11%; Mission Systems sales ~$10B, OM rate ~$15%; Space Systems sales ~$10B, OM rate ~10%.
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EBET | Hot Stocks09:10 EDT Esports Technologies partners with gaming software developer Spinomenal - Esports Technologies has partnered with Spinomenal, a gaming software developer that provides its products to online casino operators around the world. The game provider agreement allows Esports Technologies to offer casino games on its international direct-to-consumer platform, Gogawi.com. The expanded offerings allow esports and sports bettors to place wagers on both casino games and esports tournaments and matches on any device. Spinomenal's Aggregation Platform grants access to more than 2,000 different games from many third-party providers.
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HAFC | Hot Stocks09:09 EDT Hanmi Financial board increases quarterly dividend 20% to 12c per share - Hanmi Financial announced that its board of directors declared a cash dividend on its common stock for the 2021 second quarter of 12c per share, up 20% from 10c per share in the prior quarter. The dividend will be paid on May 27 to stockholders of record as of the close of business on May 10.
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FTNT | Hot Stocks09:09 EDT Fortinet announces FortiGate 7121F, FortiExtender 511F-5G - Fortinet announced the new FortiGate 7121F and FortiExtender 511F-5G to further secure and accelerate 5G adoption. Powered by Fortinet's proprietary SPU ASICs, the FortiGate 7121F delivers the highest-performing security necessary for 5G networks and enterprise Zero Trust Access, while FortiExtender 511F-5G provides wireless WAN connectivity for SD-WAN and SASE solutions.
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BDX | Hot Stocks09:08 EDT Becton Dickinson begins enrollment for CONNECT-AV study - Becton Dickinson announced that enrollment has begun and the first patients have been treated in the post-market surveillance study, CONNECT-AV. CONNECT-AV is a prospective, single-arm, open-label study that will follow patients treated with the WavelinQ EndoAVF System for 24 months.
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FTNT | Hot Stocks09:07 EDT Fortinet announces new FortiGate 7121F, FortiExtender 511F-5G to secure 5G - Fortinet announced the new FortiGate 7121F and FortiExtender 511F-5G to further secure and accelerate 5G adoption. Powered by Fortinet's proprietary SPU ASICs, the FortiGate 7121F delivers "the highest-performing security necessary for 5G networks and enterprise Zero Trust Access, while FortiExtender 511F-5G provides wireless WAN connectivity for SD-WAN and SASE solutions," the company said. John Maddison, EVP of Products and CMO at Fortinet said, "Fortinet has heavily invested in the development of its 5G security portfolio. Delivering the world's fastest NGFW, we help service providers secure radio and Internet interfaces at price performance numbers 10 times today's benchmarks. Additionally, the new 5G FortiExtender provides more WAN connectivity options and is fully integrated into the FortiGate SD-WAN policy engine."
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PLUG BAESY | Hot Stocks09:07 EDT Plug Power, BAE Systems partner on hydrogen-powered electric buses - Plug Power (PLUG) announced a strategic framework agreement with BAE Systems (BAESY). Under the framework, Plug Power and BAE Systems will collaborate to supply zero-emissions powertrains to heavy-duty transit bus OEMs in North America integrating Plug Power's ProGen fuel cell engines into BAE Systems' smart electric drive systems, as well as provide hydrogen and refueling infrastructure to end-customers use points. Through this all-inclusive strategic partnership, the companies are advancing an innovative total solution for hydrogen-powered electric buses which promises to accelerate the adoption of zero-emissions transit across the region.
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MA | Hot Stocks09:05 EDT MasterCard expects domestic travel to progress throughout the year - Comments taken from Q1 earnings conference call.
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MCD | Hot Stocks09:05 EDT McDonald's: U.S. momentum goes 'way beyond stimulus checks'
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MCD | Hot Stocks09:04 EDT McDonald's sees Q2 U.S. two-year stack similar to Q1
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TRVG | Hot Stocks09:04 EDT Trivago launches Weekend product in the UK, U.S. - trivago announced the US and UK launch of trivago Weekend, a brand-new way for users to discover weekend getaways close to home. Weekend, which provides curated content to help travellers find great deals on accommodation and experiences on and near their doorstep, is now available to travellers in the UK and UK. Weekend highlights close-to-home adventures and experiences in direct response to the travel restrictions caused by the pandemic. The product taps into the need for experiential, memory-making trips coveted by modern travellers. The launch in the US and UK has been timed to make the most of lockdown restrictions easing across the country and the reported uptake in domestic breaks this summer.
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VRSK | Hot Stocks09:04 EDT Verisk reports 29 insurers contributed to ISO Statistical Database last year - A record number of insurers are gaining access to analytics that are critical to their operations by joining the growing and increasingly diverse roster of insurers contributing premium and loss records to Verisk. Last year 29 insurers decided to contribute to Verisk's ISO Statistical Database, which contains aggregated data from across the industry. This was the highest number of new participants in a single year over the last 10 years.
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BANR | Hot Stocks09:03 EDT Banner Corp. shareholders approve all proposals at Annual Meeting - Banner Corporation announced that shareholders approved all proposals and re-elected all director nominees at its 2021 Annual Meeting of Shareholders held virtually on April 28, 2021.
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QLYS | Hot Stocks09:02 EDT Qualys names Sumedh Thakar as CEO - Qualys announced that its Board of Directors has named Sumedh Thakar as President and CEO. Sumedh, long-standing Qualys executive and chief product officer, was previously Interim CEO. Sumedh has been with Qualys for nearly 20 years in various positions starting as a software engineer.
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CBZ | Hot Stocks09:01 EDT CBIZ subsidiary acquires non-attest assets of Berntson Porter - CBIZ announced its wholly-owned subsidiary CBIZ Accounting, Tax & Advisory of Washington, has acquired the non-attest assets of Berntson Porter of Bellevue, Washington, effective May 1. Concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm, announced the acquisition of the attest assets of Berntson Porter. CBIZ and Mayer Hoffman McCann P.C. have an alternative practice structure. The two companies are separate and independent legal entities that work together. Founded in 1985, Berntson Porter provides accounting and financial consulting services including tax, forensic, valuation and transaction services. Berntson Porter serves a wide range of industries with specialties including construction, real estate, hospitality, manufacturing, service, wholesale distribution and technology. The firm has 120 employees and approximately $26M in annual revenue.
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HAE | Hot Stocks08:58 EDT Haemonetics announces IMPACT trial results published in Transfusion journal - Haemonetics announced that the full peer-reviewed results of the IMproving PlasmA CollecTion, or IMPACT, trial have been published in Transfusion, the journal for transfusion medicine related research. The publication expands upon the IMPACT trial data presented in October 2020 in a plenary session at the AABB conference. IMPACT, a multicenter, prospective and double-blinded study, is one of the largest randomized controlled trials of plasmapheresis. The trial involved 3,443 donors who underwent 23,137 plasma donations.
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CAT | Hot Stocks08:57 EDT Caterpillar says maintains strong liquidity position, balance sheet strong - Says not providing guidance for 2021. Says board to review dividend increase later this year.
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WPDPF | Hot Stocks08:56 EDT WPD Pharmaceuticals announces application for management cease trade order - WPD Pharmaceuticals, the Company announces that it has made an application to the British Columbia Securities Commission to approve a temporary management cease trade order under National Policy 12-203 - Management Cease Trade Orders, which, if granted, will prohibit trading in securities of the Company by certain insiders of the Company, whether direct or indirect. The Company is seeking the MCTO as it is unable to file it Annual Filings within the deadline as required under National Instrument 51-102 - Continuous Disclosure Obligations. The Company anticipates that it will be a position to file the Annual Filings on or about May 10, 2021. The MCTO will be in effect until the Annual Filings are filed. The Company confirms that it will comply with the alternative information guidelines included in NP 12-203 so long as the Annual Filings are outstanding.
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DIS AMZN | Hot Stocks08:56 EDT Disney to use AWS for global rollout of Disney+ - Amazon Web Services, or AWS, an Amazon (AMZN) company, unveiled that The Walt Disney Company (DIS) is leveraging AWS for the global rollout of Disney+, one of the largest online streaming video services in the world. The Walt Disney Company relies on AWS as its preferred public cloud infrastructure provider to support the growth of Disney+, which quickly surpassed 100M subscribers 16 months after launch in November 2019. Leveraging AWS's infrastructure, The Walt Disney Company has been able to rapidly expand Disney+ to 59 countries across North America, Europe, Asia Pacific and Latin America. Disney+ is expanding its use of AWS's services to include more than 50 technologies, such as machine learning, database, storage, content delivery, serverless, and analytics.
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VRUS | Hot Stocks08:55 EDT Verus International CEO calls class action lawsuit claims 'meritless; - Verus International released a corporate update letter from its CEO Andy Dhruv. The letter read in part, "I have spent my first two months as CEO of Verus International behind the scenes, working to understand the issues and opportunities, and tackling some of the tasks required to move us forward in 2021. Now that much of that heavy lifting is complete, I thought this would be a good time to introduce myself and provide you with a better understanding of the direction I will be taking the Company in the future...I am sharing this history with you today, because my strategy at Verus will be rooted in my approach to selling -- which begins with identifying timely, high profit-margin products that generate above-average inventory turns. When your business journey encompasses the entire path from a $200/month clerk to an owner-operator and then a distributor, you tend to know every nook and cranny of your customers' operations and what it takes to gain your spot on that precious shelf or counter....First, I would like to address the proposed class action lawsuit against the Company, which surfaced on Friday, April 23rd. We consider these claims to be meritless and intend to vigorously defend our Company against the allegations set forth in this complaint. In the meantime, we will be moving forward with our turnaround plans and strategy. All turnarounds start in the same place -- and that is with cost rationalization. In recent months, we let go of business units that had high ongoing and future capital expenses, downsized our corporate footprint, and combed through every line item we could rationalize so that profitability became more than just a distant concept. To put this in perspective, getting out from under pending professional sports licensing payments and long-term lease obligations alone will save us over $700,000 in recurring annual expense - commitments that had to be paid whether we sold a single product. These steps were necessary to restart our growth, but just as importantly, they removed some potentially deal-killing commitments from our financials that were unattractive to new M&A candidates. You saw the first results of our cost-rationalization efforts in our last quarterly report and we will carry that theme into the following quarter and beyond...I know many of you are wondering about the M&A that we were pursuing prior to our reverse stock-split. We felt that it was important to streamline the Company before moving in that direction, out of fairness to both our existing shareholders and any potential new partners. Given our valuation, that has proven to be the right decision. Our goal is to only enter into M&A that enhances shareholder value, so that is the starting point as we reengage on these partnership opportunities. We are prioritizing next steps and will be able to provide better guidance within our next update, but suffice it to say that we are pursuing whatever brings the best value - which as of today, looks like a combination of organic growth and M&A."
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MDGS | Hot Stocks08:54 EDT Medigus's Charging Robotics completes milestone for wireless charging of EVs - Medigus announced that Charging Robotics, a wholly owned subsidiary of Medigus, completed a first technological milestone in the proof of concept of its autonomous robotic charging pad for wireless charging of electric vehicles, or EVs. Charging Robotics completed the assembly and testing of its robot, showing it can be directed to find a specific spot under the vehicle and optimize its position for high-efficiency wireless charging. Charging Robotics intends to further integrate charging components onto the robotic platform to complete the proof of concept in full. Charging Robotics is developing an on-demand autonomous charging system to be used anywhere, anytime. The wireless charging system being developed is intended to have self-aligning capabilities to electric vehicle battery chargers.
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MCD | Hot Stocks08:53 EDT McDonald's sees FY21 systemwide sales growth in the mid-teens - The company expects 2021 Systemwide sales growth, in constant currencies, in the mid-teens, and expects net restaurant unit expansion to contribute about 1% to 2021 Systemwide sales growth. The company expects operating margin percent to be in the low-to-mid 40% range. The company expects full year 2021 selling, general and administrative expenses of approximately 2.4% of Systemwide sales. *Based on current interest and foreign currency exchange rates, the company expects interest expense for the full year 2021 to decrease about 1% to 3% due primarily to lower average debt balances as the company expects to pay down current debt levels to return to pre-COVID-19 leverage ratios. The company expects the effective income tax rate for the full year 2021 to be in the 21% to 23% range. The company expects 2021 capital expenditures to be approximately $2.3B, about half of which will be directed towards new unit expansion across the U.S. and International Operated Markets.
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HBI | Hot Stocks08:53 EDT Hanesbrands names Michael Dastugue CFO - HanesBrands announced that Michael Dastugue has been named chief financial officer, effective May 21. Dastugue will bring more than 30 years of financial leadership and transformation experience at large organizations to the company. He has an extensive background in financial planning and analysis, corporate strategy, accounting, tax and external reporting. "Michael has an impressive record of delivering results and building capabilities," said Steve Bratspies, HanesBrands CEO. "He has been a driving force in large-scale change programs and in positioning companies for long-term growth. Michael is an outstanding leader with a strategic mindset, and I look forward to partnering with him as we unlock our Full Potential." Most recently, Dastugue was executive vice president and chief financial officer at Walmart U.S., where he led financial activities at the company's $370 billion U.S. segment. Dastugue played a key role in Walmart's transformation, helping drive improved profitability and productivity across the organization. Prior to that, Dastugue served as executive vice president and chief financial officer at Sam's Club, Walmart's $57 billion club division. Before joining Walmart in 2013, Dastugue was chief financial officer at J.C. Penney, where he held a number of financial and real estate leadership roles during 20 years.
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CPTA | Hot Stocks08:52 EDT Capitala Group announces recapitalization of United Air Temp - Capitala Group is pleased to announce the recapitalization of United Air Temp, Air Conditioning and Heating, a provider of residential heating, ventilation, and air condition services, in partnership with Summit Park, Pareto & Company, and the UAT management team.
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GILT | Hot Stocks08:51 EDT Gilat Satellite receives approval to enter operational phase of telecom project - Gilat Satellite Networks announced that it has reached a critical milestone in Peru with approval to enter the operational phase of the telecom project awarded in 2015 for an aggregate value of $108M. This phase enables the start of delivery of broadband internet services to over a million and a half people in Cusco. Entering the operational phase will enable Gilat to unlock access to recurring revenue of multi million dollars per annum of operations fees, for a period of ten years, as well as to continue selling services over the network. Furthermore, during the project's operation, over 600 representatives of schools, health, post and police stations will receive training, and 71 hot spots will be established in public spaces to provide internet to the population.
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MCD | Hot Stocks08:51 EDT McDonald's expects U.S. margins to moderate 'somewhat'
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UAVS | Hot Stocks08:50 EDT Ageagle Aerial Systems expands board of directors and leadership team - AgEagle Aerial Systems announced the appointment of Brandon Torres Declet as Chief Operating Officer of AgEagle and member of AgEagle's board of directors; and Jesse Stepler has been named Senior Vice President, Strategy and Product at Measure Global. In January 2021, Torres Declet, co-founder of Measure, was appointed to the Federal Aviation Administration's Drone Advisory Committee and was also named a Senior Advisor to Oxford University's Centre for Technology and Global Affairs. Measure co-founder Jesse Stepler has been appointed as Senior Vice President, Strategy and Product at Measure. Prior to Measure, Stepler worked in the aerospace and defense industry and in international finance.
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CAPA | Hot Stocks08:49 EDT Quantum-Si appoints Dr. Michael Mina as Chief Medical Advisor - Quantum-Si Incorporated, announced the appointment of Michael Mina, M.D., Ph.D., Assistant Professor of Epidemiology, Immunology, Infectious Diseases and Pathology at the Harvard T.H. Chan School of Public Health and Harvard Medical School, as Chief Medical Advisor for the company."As we create the next generation of protein sequencing and proteomics to transform how we study and diagnose disease, moving from the analog to the digital world and allowing a level of sensitivity, precision and understanding never before possible, Dr. Mina's expertise will be invaluable in guiding Quantum-Si's application efforts, and especially as we apply our technology to help our customers in the revolution occurring in immuno-oncology and immunology-related diagnostics and therapeutics," said Dr. Jonathan Rothberg, Founder of Quantum-Si. "Next-generation DNA sequencing transformed our understanding of cancer, and working with Dr. Mina, I'm convinced next-generation protein sequencing will have an equally profound impact on immunology."
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MCD | Hot Stocks08:49 EDT McDonald's: Comps were up 'significantly' in March
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PCSB | Hot Stocks08:49 EDT PCSB Financial raises quarterly dividend to 6c per share - On April 21, 2021, the Board of Directors declared a regular quarterly cash dividend of $0.06 per share, an increase of 50% from the prior quarter. The dividend is payable on or about May 28, 2021 to shareholders of record as of the close of business on May 14, 2021.
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DXR | Hot Stocks08:46 EDT Daxor announces new clinical study data on BVA-100 blood test - Daxor announces new data demonstrating the clinical utility of the BVA-100 blood test in postural tachycardia syndrome, or POTS, published in the Journal of the American College of Cardiology from the Vanderbilt Autonomic Dysfunction Center in Nashville, TN. The study titled "Effect of High Dietary Sodium Intake in Patients with Postural Tachycardia Syndrome," tested whether high sodium diet reduces orthostatic tachycardia and upright heart rate compared to low sodium diet in POTS patients and secondary, its effect on plasma volume and plasma norepinephrine. Blood volume parameters were measured with Daxor's BVA-100 diagnostic blood test; a safe, accurate and objective means to directly quantify blood volume and composition. Blood volumes were expressed as a percent deviation from the patient's ideal volumes. The results showed that the mechanism of sodium intake directly affects intravascular blood volume as measured by the BVA-100 blood test. High dietary sodium compared to low dietary sodium increases plasma volume and decreases the heart rate supporting the recommendation to increase dietary sodium intake in POTS.
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WTBA | Hot Stocks08:46 EDT West Bancorp raises quarterly dividend to 24c per share - On April 28, 2021, the Company's Board of Directors declared a regular quarterly dividend of $0.24 per common share, an increase of $0.02 from the prior quarter and representing a record high quarterly dividend for the Company. The dividend is payable on May 26, 2021, to stockholders of record on May 12, 2021.
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MCD | Hot Stocks08:45 EDT McDonald's: U.S. market seeing sales boost from stimulus
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MCD | Hot Stocks08:44 EDT McDonald's: New chicken sandwich exceeding company's expectations
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MCD | Hot Stocks08:43 EDT McDonald's has 40M app users in its top 6 markets, CEO says
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MCD | Hot Stocks08:43 EDT McDonald's: Chicken category 'competitive,' but seeing strong unit movement
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CAT | Hot Stocks08:42 EDT Caterpillar says 'pleased' with strong start to the year - Says situation with COVID-19 "remains fluid." Says working hard to avoid supply chain issues. Expects growth in Asia Pacific to remain strong in 1H21. Expects to meet investor day targets for adjusted operating margin and ME&T free cash flow. Says working with board for potential dividend increase and share repurchases later this year.
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JCS LTRX | Hot Stocks08:42 EDT Communications Systems sells transition network business to Lantronix for $25M+ - Communications Systems, (JCS) announced that it entered into a definitive securities purchase agreement with Lantronix (LTRX) to sell the Company's Transition Networks and Net2Edge businesses to Lantronix for a base price of $25M to be paid at closing, subject to a working capital adjustment following the closing, plus up to an additional $7M in earnout payments based on revenue milestones for the Transition Networks and Net2Edge businesses in the two 180-day periods after closing of the sale. The sale of these businesses requires CSI shareholder approval and is also subject to customary closing conditions. Assuming CSI's shareholders approve the transaction, it is expected to close in June 2021. The Transition Networks and Net2Edge businesses represent substantially all of the assets of the Company's Electronics & Software segment, which had 2020 revenues of $34.5 million. Concurrently with the closing of the Purchase Agreement, CSI and Lantronix will enter into a Transition Services Agreement under which CSI will perform administrative and IT services and license office, warehouse and production space at its Minnetonka, MN facility for the transferred businesses for up to twelve months. "While we do not yet know the exact amount and timing of the cash dividends, related to this transaction, we intend to distribute $3.50 per share or approximately $35.0 million consisting of proceeds from the sale of the Transition Networks and Net2Edge businesses and other available cash after closing the sale of these businesses, but prior to the closing of the CSI-Pineapple merger. We will provide more information about the payment of dividends in the future."
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MCD | Hot Stocks08:42 EDT McDonald's has 40M app users in its top 6 markets, CEO says
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GRIL BTC | Hot Stocks08:41 EDT Muscle Maker now accepting bitcoin - Muscle Maker (GRIL) announced it will start accepting bitcoin (BTC) as an alternative to cash, credit or debit forms of payment. Bitcoin payments will be rolled out on each level of the business individually, starting with accepting bitcoin for initial franchise fees for new franchisees, then expanding to online meal plan subscriptions with Superfit Foods, and eventually companywide for everyday food purchases at individual locations and online orders.
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RIOCF | Hot Stocks08:39 EDT RioCan REIT enters partnership in Masterplan Community - RioCan Real Estate Investment Trust announced a new mixed-use project, located at Queen and Coxwell in Toronto. This project is to be developed in a 50/50 partnership with Context and in collaboration with the City of Toronto and Toronto Community Housing Corporation. QA Masterplan will contribute to the revitalization of the neighbourhood and address different levels of housing affordability with housing types ranging from condominiums to market and affordable rental units. The condominium component has achieved 88% of pre-sales in line with projections. Steps from the waterfront of Lake Ontario and Ashbridges Bay in Toronto East, the 3.5 acre site at Queen and Coxwell is located between the highly coveted Leslieville and the Beaches neighbourhoods. The thoughtfully designed QA Masterplan will include: Developing a new building to replace the TCHC's existing 120 apartment units on the site, which will be retained and owned 100% by TCHC; Adding new residential space consisting of 367 new condominium units, 183 market rental units and 50 affordable rental units, as well as 32 affordable rental units that will ultimately be sold to the City upon completion at a pre-determined price; and Building ~16,000 square feet of new podium retail space.
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MCD | Hot Stocks08:39 EDT McDonald's: Restrictions in Europe slowly recovering
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CATM | Hot Stocks08:38 EDT Fortu partners with Cardtronics to offer surcharge-free cash to members - Cardtronics announced today that Fortu has partnered with Cardtronics to offer surcharge-free cash access for its members through the Allpoint Network of ATMs. Fortu users now have fee-free access to their funds through the Allpoint Network of 55,000 ATMs located at retail establishments, including grocery and convenience stores, pharmacies, and big-box stores.
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MCD | Hot Stocks08:38 EDT McDonald's CEO: Delivery in 75% of global footprint
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SELB | Hot Stocks08:37 EDT Selecta Biosciences assume all rights to MMA program from AskBio - Selecta Biosciences and Asklepios BioPharmaceutical announced an update to the companies' collaboration to evaluate gene therapy candidate MMA-101 and ImmTOR for the treatment of methylmalonic acidemia. Selecta will assume all rights to the MMA program and will continue to progress the MMA-101 and ImmTOR combination through clinical development. AskBio's decision to give all rights to Selecta is based on an internal strategic review and prioritization of its portfolio. Due to a manufacturing issue the company believes is related to a component sourced from a third-party, Selecta now expects that submission of the IND for MMA-101 and ImmTOR will be delayed until at least the fourth quarter of 2021. A detailed assessment of the manufacturing process is currently being conducted, and the Company expects to provide an update on program timelines as they are clarified. ImmTOR manufacturing continues to proceed smoothly, and there is no impact to any of Selecta's ImmTOR programs. The dose-escalation trial of SEL-399, an adeno-associated viral serotype 8 empty vector capsid containing no DNA combined with ImmTOR, is currently underway and progressing as expected. The study, being conducted in healthy volunteers at the SGS Life Sciences Clinical Pharmacology Unit in Antwerp, Belgium, is designed to evaluate the safety and preliminary efficacy of ImmTOR in gene therapy. Selecta and AskBio intend to provide topline data in the fourth quarter of this year.
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MCD | Hot Stocks08:37 EDT McDonald's 'laser-focused' on goals laid out in Accelerating the Arches plan - Comments taken from Q1 earnings conference call.
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VMW | Hot Stocks08:36 EDT U.S. Army Futures Command partners with VMware to create software factory - VMware announced that it has been selected by U.S. Army Futures Command to enable a software factory for soldiers, by soldiers. Together, Army Futures Command and VMware will cultivate the first Soldier-led "Silicon Valley software company" inside the Army. The new initiative will equip soldiers to take up cloud native development practices and help produce software to address current and future mission priorities. Through the Army Software Factory, the U.S. Army will tap into the deep pool of talent across its workforce and upskill tech-minded soldiers and civilians. Cohorts of Army soldiers and Government civilians will go through a comprehensive program that will begin in the classroom and span critical disciplines including software engineering, design and product management, and platform operations. Soldiers will be paired with a VMware Tanzu Labs expert in their fields for deep on-the-job enablement to learn to build, develop, field and operate software in the same way as the best Silicon Valley companies. For each of the next five years, 30 hand-selected soldiers and civilians from the Army will enter the program every six months.
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CAT | Hot Stocks08:34 EDT Caterpillar sees Q2 operating margin 'moderately below' Q1 level - Comments taken from Q1 earnings conference call.
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PDSB | Hot Stocks08:34 EDT PDS Biotechnology to present initial efficacy, safety data on PDS0101 - PDS Biotechnology Corporation announced that initial efficacy and safety data from the National Cancer Institute's Phase 2 clinical study of PDS0101 for the treatment of advanced human papillomavirus-associated cancers that have progressed or returned after treatment has been accepted for oral presentation at the American Society of Clinical Oncology 2021 Annual Meeting taking place June 4-8. The accepted abstract summarizes initial findings from the ongoing trial, which studies PDS0101 in combination with two investigational immune-modulating agents: bintrafusp alfa, a bifunctional "trap" fusion protein targeting TGF-beta and PD-L1, and NHS-IL12, a tumor-targeting immunocytokine. Earlier this year, it was announced that the trial had achieved its preliminary efficacy threshold of an objective response in 3 or more of the first 8 patients as measured by RECIST 1.1. The trial subsequently expanded enrollment to both checkpoint inhibitor naive patients and patients who have failed prior therapy with checkpoint inhibitors. "We are encouraged by the data and look forward to the presentation of initial findings from the study," said Dr. Lauren V. Wood, Chief Medical Officer of PDS Biotech. "ASCO provides an important opportunity to share the potential of both PDS0101 and the Versamune platform with the research and medical community."
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GPRE | Hot Stocks08:33 EDT Green Plains announces additional locations for Carbon Capture project - Green Plains announced that all four of its Nebraska biorefineries and its Shenandoah, Iowa biorefinery have entered into a long term carbon offtake agreement with Summit Carbon Solutions, a subsidiary of Summit Agricultural Group. The agreement is part of an announced pipeline expansion into Nebraska of the SCS carbon capture and sequestration project that will develop the infrastructure to capture and transport CO2 for long-term deposit into geologic storage. Green Plains will connect its biorefineries in Shenandoah, Iowa, Atkinson, Neb., Central City, Neb., Wood River, Neb., and York, Neb. bringing its total commitment to 658 million gallons of annual capacity, or nearly 70% of its platform. Green Plains' biorefineries in Obion, Tenn., Mount Vernon, Ind. and Madison, Ill. are all candidates for direct carbon dioxide injection into geologic storage and are being considered for future non-pipeline projects. Green Plains' expanded annual commitment is approximately 1.9 million metric tons of carbon dioxide, the same amount of carbon sequestered by 2.3 million acres of U.S. forests in a year, according to the EPA. The expanded project is anticipated to begin operation in 2024.
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MIRM | Hot Stocks08:31 EDT Mirum, CANbridge in pact to develop, commercialize Maralixibat in China - Mirum is entitled to receive up to an aggregate of $120M in upfront and milestone payments, and significant double-digit tiered royalties Mirum Pharmaceuticalsand CANbridge Pharmaceuticals, Inc., announced today that they have entered into a licensing agreement, pursuant to which CANbridge has agreed to develop and commercialize maralixibat in Greater China. Maralixibat, an investigational, orally administered medication, is being evaluated in Alagille syndrome, ALGS, progressive familial intrahepatic cholestasis, PFIC, and biliary atresia, BA. Maralixibat targets the apical sodium dependent bile acid transporter ultimately resulting in lower levels of bile acid systemically, which could mediate liver damage. The U.S. Food and Drug Administration has accepted a New Drug Application for maralixibat for the treatment of cholestatic pruritus in patients with ALGS under priority review. The European Medicines Agency is reviewing maralixibat for the treatment of PFIC2. Mirum has commenced a global Phase 2b maralixibat studyfor the treatment of BA. Under the terms of the licensing agreement, CANbridge has obtained the exclusive right to develop and commercialize maralixibat within the Greater China regions for ALGS, PFIC, and BA. In exchange, Mirum is entitled to receive an $11.0 million upfront payment, R&D funding, and up to $109.0 million for the achievement of future regulatory and commercial maralixibat milestones, with significant double-digit tiered royalties based on product net sales. In collaboration with Mirum, CANbridge has agreed to oversee Mirum's clinical study sites in China, with the goal of accelerating enrollment of the global Phase 2b EMBARK study, which was recently initiated for patients with BA. CANbridge would also have the right to manufacture maralixibat in Greater China under certain conditions. "Maralixibat has the potential to be a transformative medication for certain cholestatic liver diseases and our goal is to ensure its availability to patients globally," said Chris Peetz, president and chief executive officer at Mirum. "CANbridge is a leading rare disease company in China and with their track record of commercial success, we believe they will be a strategic partner to accelerate the global launch of maralixibat, if approved." "We are thrilled to add maralixibat to our rare disease portfolio, as we expand into liver diseases and strengthen our pipeline with a late-stage asset in indications for which there are no approved treatments," said James Xue, Ph.D., Founder, Chairman and CEO of CANbridge Pharmaceuticals, Inc. "We are looking forward to participating in the global development of maralixibat in BA by supporting the China sites for the global Phase 2b EMBARK study, in collaboration with Mirum, and to working closely with Mirum to bring this treatment to patients and families in Greater China, where the need is great."
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PXS | Hot Stocks08:29 EDT Pyxis Tankers to acquire modern product tanker for $20M - Pyxis Tankers announced that it has entered into a definitive agreement with an unaffiliated third party to purchase a medium range product tanker of approximately 47,000 dwt built in 2013 at Hyundai Mipo shipyard in South Korea. The purchase price of $20 million is expected to be funded by a combination of bank debt and cash. It is anticipated that the acquisition, which is subject to customary closing conditions, will be completed during the summer of 2021.
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OPRT | Hot Stocks08:29 EDT Oportun Financial joins Human Rights Campaign Business Coalition - Oportun announced that it has joined the Human Rights Campaign Business Coalition for the Equality Act. "Highlighting the company's commitment to diversity and inclusion, the company recently disclosed in its first annual Corporate Social Responsibility and Sustainability report that the majority of Oportun employees, along with every level of management, from front-line supervisors to the board of directors, identify as women or people of color," the company said.
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NMRD | Hot Stocks08:29 EDT Nemaura Medical issues shareholder letter following update call - Nemaura Medical issues a Letter To Shareholders from CEO Dr. Faz Chowdhury summarizing its Shareholder Update call held yesterday, April 28, 2021. This letter is to help clarify the content from the call in which there may have been intermittent audio issues. The letter read in part, "Following our December launch of our BEATdiabetes program via our BEATdiabetes website, Nemaura has been in a constant state of corporate growth, preparing for new product launches, shoring up our management and staff and preparing the way both for our recently announced product launch in Europe as well as for the full product launch in the United States. As we are on the precipice of multiple game-changing milestones, I thought that this call would provide us an opportunity to take a closer look at all we've accomplished in the last nearly six months and discuss the path forward. I'd like to begin with our December launch in the US of the BEATdiabetes program via the BEATdiabetes website and smartphone app. Keep in mind the BEATdiabetes program is a clinically validated program that uses proven methodologies to help people better manage their health habits including diet, exercise and other lifestyle elements that either increase the risk of or exacerbate Type 2 diabetes. The use of our program, which includes an AI-based interface that interacts personally with users, has been shown to help them better manage weight and other risk factors to either improve or prevent or even reverse Type 2 diabetes. Following our December launch, we've already commenced a pilot program which will comprise approximately 200 users in the US, and we expect multiple additional pilots with various parties over the course of the year. In the UK our licensee reports that its soft launch has led to plans to hire 10 full-time registered general nurses to help facilitate the one-on-one counseling aspect of the program, which occurs when users pair the sugarBEAT sensor with the app, providing real-time data. We are already hearing anecdotal reports of significant improvements of those that have been using the sugarBEAT sensor. As we begin to proliferate the program in the US and via our licensee in the UK, the need to increase our production of sugarBEAT sensors and devices has increased, and we have begun to ramp up production to meet what we believe will be a significantly increased demand in the coming months. Importantly, as a result of these successful outcomes both in the UK and the U.S., I'm very happy and proud to report that we now expect to recognize revenue in relation to this in Qtr 2 of the current financial year. This will mark a significant milestone for us as a business as we become revenue generating...With all of the activity I've already mentioned, I think it worthwhile to remind you that we have achieved a great deal in a short amount of time while maintaining very strong fiscal control over costs and closely managing our balance sheet and cash position. Whilst we have engaged in fundraising over the last year, the bulk of it has been non-dilutive and this has resulted with us holding cash on balance sheet for the financial year ended March 31st, 2021 of approximately $31.8m, obviously this is still subject to audit. The strong focus on cost and cash management will continue to be a focus for the business, and our recent cash burn rate has been less than $2m per quarter though we expect this to increase slightly as we ramp up operations. It is worth mentioning that during the height of the COVID-19 pandemic we observed an extremely favorable market environment that has since slowed. Whilst many other companies are experiencing new challenges, Nemaura has not participated in any dilutive funding, preserving shareholder value. Our strong cash position also allowed us to continue to develop our product offerings to go beyond the diabetes space and into related areas, including metabolic health, with some strategic adjustments to our current technology. We have already made considerable progress in developing our technology for this application, and we anticipate providing updates to our shareholders on this progress soon."
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KSS | Hot Stocks08:29 EDT Kohl's, Volta to bring 100 EV charging stations to 50 more Kohl's stores in 2021 - Kohl's and Volta Industries announced they will bring 100 electric vehicle, or EV, charging stations to 50 additional Kohl's stores this year, marrying Kohl's customer reach with Volta's electric vehicle charging experience. With this expansion, Kohl's customers will have access to 275 charging stations at more than 150 Kohl's locations across 22 states. Kohl's store locations offering the convenience of EV charging can be found with the store locator tool on Kohls.com. Volta charging stations at Kohl's will bring free, clean EV charging energy to Kohl's customers at more than 50 additional store locations. The new stations will be located near the front doors, creating an easy experience for Kohl's customers to charge their cars while they shop.
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ENPH | Hot Stocks08:26 EDT Enphase Energy, Palomar collaborate further to improve home energy technology - Enphase Energy announced Palomar Solar expanded its Enphase Storage business and made contributions to the companies' long-standing collaboration on home energy technology and new-product testing and feedback. "I want to thank the team at Palomar Solar for their continued partnership and collaboration, both of which contribute to our ability to drive customer-led innovation in Enphase Storage products," said Dave Ranhoff, chief commercial officer at Enphase Energy. "Every home is unique, and the feedback and testing data we receive from Palomar allow us to evaluate and design for corner cases, which helps Enphase design an extraordinarily robust solar-plus-storage system. As the first Enphase Platinum installer in San Diego, Palomar's homeowner customers benefit from the deep product knowledge Palomar takes into the field, and enjoy an outstanding customer experience."
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KTOS | Hot Stocks08:24 EDT Kratos Defense announces second autonomous truck-mounted attenuator - Kratos Defense & Security Solutions announced, on the first day of National Work Zone Safety Awareness Week, hat a second Autonomous Truck-Mounted Attenuator has now been deployed in the State of Colorado in collaboration with the Colorado Department of Transportation. CDOT's second ATMA completed the Colorado Autonomous Mobility Task Force validation process, receiving approval for use in Southern Colorado Paint Striping Operations. The validation included demonstration of various key operational parameters, such as high-accuracy navigation, active safety systems, and obstacle detect/avoid, as well as a demonstration of system control features such as adjustment of vehicle-to-vehicle gap settings, preprogrammed lateral offsets, and Human Machine Interface situational awareness.
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CAT | Hot Stocks08:22 EDT Caterpillar sees 'normal seasonality' for Q2 - In Q2 expects: Sales to users to improve in Construction Industries, led by North America; Improving end-user demand in Resource Industries in both Mining as well as Heavy Construction and Quarry and Aggregates; Sales in Energy & Transportation to increase vs prior year 2Q; Operating margin to moderate in 2Q vs 1Q. Comments taken from investor presentation slides for Q1.
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VSAT | Hot Stocks08:21 EDT ViaSat's in-flight connectivity system for Bombardier jets granted STC approval - Viasat received Supplemental Type Certificate - STC - approval from the Federal Aviation Administration for its Ku Advanced in-flight connectivity system on select Bombardier Challenger 600 series business jets, including the Challenger 604, Challenger 605 and Challenger 650. Receiving this certification enables Viasat and its MRO partners to offer a near-global IFC solution for current Bombardier Challenger 600 series aircraft owners looking to upgrade their IFC performance and coverage over existing air-to-ground or L-band systems. The Viasat Ku Advanced IFC system offers faster speeds as compared to an L-band system. Viasat collaborated with Aerospace Design & Compliance to secure the STC on the select Challenger 600 series aircraft.
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QNTA | Hot Stocks08:21 EDT Quanta's Medolife Rx breaks ground on lab facility in Dominican Republic - Medolife Rx announced it has broken ground on its lab facility in the Dominican Republic as well as increased the quantity of scorpions on the reservation, in preparation for mass production of its pharmaceutical and nutraceutical product lines. The reservation is located in a remote area of the DR and is the ideal climate and terrain to support the healthy cultivation of various scorpions. Certain peptides found in scorpions are used in the formulation of many of the Company's pharmaceutical and nutraceutical products. The facility, which is currently under construction on the reservation, will be approximately 250 square meters and is expandable as needed in order to meet any increases in demand. It will serve as the Company's cGMP- and ISO-certified research lab where it will extract the peptides and conduct ongoing research and development on the clinical and wellness applications of Escozine and other formulations. Its addition will decrease the cost of venom production, enabling the Company to lower the final cost of its products, which will increase margins and the marketability of the products. This expansion will increase the reservation's capacity ten-fold and the Company's goal is to be able to produce one million doses of Escozine per month in the near term. As the Company furthers its clinical trials and nutraceutical sales of Escozine, it anticipates that demand will increase exponentially. As such, it has worked with the Ministry of Environment in the DR to secure the appropriate licensing and approvals for the expansion of the reservation and the building of the lab facility.
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PRAX | Hot Stocks08:20 EDT Praxis Precision Medicines appoints Merit Cudkowicz to board of directors - Praxis Precision Medicines announced the appointment of Merit Cudkowicz, M.D., to its board of directors. Cudkowicz is the chief of neurology at Mass General Hospital, director of the Sean M. Healey & AMG Center for ALS, and director and the Julieanne Dorn professor of neurology at Harvard Medical School.
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LACQ | Hot Stocks08:19 EDT Leisure Acquisition says Ensysce receives IND allowance for PF614-MPAR - Ensysce Biosciences, a special purpose acquisition company formed for the purpose of effecting a merger, acquisition or similar business combination, announced that Ensysce has received U.S. Food and Drug Administration allowance for an Investigational New Drug application for PF614-MPAR, a two-step extended-release oxycodone prodrug which is designed to provide abuse deterrent and overdose protection properties. PF614-MPAR is designed as an extended-release oxycodone prodrug with both trypsin-activated abuse protection and overdose protection through multi-pill abuse resistance. TAAP chemical modification inactivates the active ingredient in PF614 and provides abuse deterrence, and the combination with the trypsin inhibitor, nafamostat, in MPAR is designed to provide the additional layer of overdose protection. The MPAR overdose protection technology has been demonstrated in animals and the Phase 1 study with PF614 is being conducted to further validate the MPAR overdose protection technology. Ensysce believes its TAAP prodrugs and MPAR products are differentiated from current marketed opioid technologies due to their ability to reduce the potential for abuse as well as overdose and, therefore, make the products safer to keep in the medicine cabinet.
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AMTX | Hot Stocks08:17 EDT Aemetis receives authority to construct permits for renewable fuel plant - Aemetis announced that the company has received nineteen permits granting the Authority To Construct from the San Joaquin Valley Air Pollution Control District related to the Aemetis 'Carbon Zero' renewable fuels project in Riverbank, California. Each permit states a specific set of equipment and the conditions for operation of each unit. "The Authority To Construct air permits are a significant permitting milestone for the construction of the Aemetis renewable fuels biorefinery at the 142-acre Riverbank Industrial Complex," stated Eric McAfee, Chairman and CEO of Aemetis. "The engineering, application and review process required several years of work by our technical team with the support of several environmental consultants. The collaborative, supportive approach taken by the regional air district enabled this process to move forward at a steady pace," added McAfee. The Carbon Zero biorefinery is scheduled to be completed and begin operations in year 2023, then double production capacity by year 2025. The project is supported by $17M of grant funding from the California Energy Commission and the California Alternative Energy and Advanced Transportation Financing Authority.
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FMCC | Hot Stocks08:16 EDT Freddie Mac reports Q1 EPS 12c, consensus 0c - Reports Q1 net revenue $5.3B, two est. $2.95B. "Freddie Mac continued to support homebuyers and renters, providing $377 billion of liquidity for home purchases, refinancings, and the multifamily market in the first quarter of 2021. We have also helped hundreds of thousands of families stay in their homes through our foreclosure and eviction prevention programs. We are proud of our role in maintaining a vibrant housing market while providing critical assistance to borrowers and lenders during the pandemic," said Christian M. Lown, Chief Financial Officer.
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MANT... | Hot Stocks08:15 EDT ManTech, Google Cloud partner to provide cloud services for government - ManTech (MANT) announced a partnership with Google Cloud (GOOG;GOOGL) to provide cloud and analytics services to the U.S. federal government. The partnership represents a focus to jointly serve the mission needs of the federal government. In tandem with the partnership, ManTech has been named a Google Cloud Premier Partner.
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GSMG | Hot Stocks08:15 EDT Glory Star New Media in talks for launch of CheerCar application - Glory Star New Media Group announced that it has entered into discussions with major new energy vehicles manufacturers in China for the launch of CheerCar, its in-vehicle audio and video content mobile application, onto their Internet of Vehicle platforms.
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VTOL | Hot Stocks08:13 EDT Bristow Group announces contract extension with Aker BP in Norway - Bristow Group announced a three-year contract extension until August 2024 with Aker BP to support air transportation crew change services for their operations in the Norwegian continental shelf. Bristow has been an Aker BP aviation partner for more than 15 years and will use its fleet of existing S-92s in Norway to provide crew change flights out of Bristow's base in Sola, Norway. Bristow's current contract with Aker BP expires on August 31, 2021. The contract extension includes an option to extend another year.
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SOLY | Hot Stocks08:11 EDT Soliton receives FDA clearance of special 510(k) for RESONIC device - Soliton announced the U.S. FDA clearance of the company's special 510(k) for modifications to its RESONIC device.
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CVS | Hot Stocks08:10 EDT CVS Health teams with U.S. employers to simplify access to COVID-19 vaccines - CVS Health announced it recently began administering COVID-19 vaccines at employer-based vaccination clinics through Return Ready, helping to increase access to vaccinations for employees following expanded eligibility to all adults in the United States and an increasing vaccine supply. With vaccine hesitancy on the rise, federal and state governments are looking to partners, like employers and CVS Health, to help by making vaccines more convenient to access and enhancing public education efforts. CVS Health is managing employer vaccination clinics for 18 employers across 51 locations, which began with Delta Air Lines in February 2021. The New York Shipping Association worked with Return Ready to operate vaccination clinics that included the International Longshoremen's Association and its members, and the City of Philadelphia is also working with Return Ready on vaccination clinics for all city employees.
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LOW | Hot Stocks08:09 EDT Lowe's to host National Hiring Day to hire more than 50,000 store sssociates - Lowe's will host a National Hiring Day to make it as easy as possible for anyone to start a part-time job or a full-time career. Lowe's is hiring more than 50,000 seasonal, part-time and full-time U.S. store associates. Candidates can apply in-person at Lowe's stores nationwide from 10 a.m. to 7 p.m. on May 4. They will have the opportunity to meet hiring managers, speak with associates and receive on-the-spot offers.
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MA | Hot Stocks08:07 EDT MasterCard reports Q1 switched transactions up 9%
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MA | Hot Stocks08:06 EDT MasterCard started the year with 'good' momentum, CEO says - "We started the year with good momentum, delivering positive net revenue growth this quarter, and are encouraged by the return of domestic spending levels to pre-pandemic trends," said Michael Miebach, Mastercard CEO. "We continued to execute against our strategic objectives, as we signed notable new deals and broadened existing relationships with key global partners. We've made strong progress in delivering on our multi-rail strategy, as we integrate the Finicity and Nets corporate services teams. And, we continue to invest for the long-term, adding to our trust and digital identity capabilities with the planned acquisition of Ekata."
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CAPR | Hot Stocks08:05 EDT Capricor Therapeutics signs exclusive worldwide license agreement with JSU - Capricor Therapeutics announced that it has signed an exclusive, worldwide licensing agreement with Johns Hopkins University, or JSU, to include engineered exosomes for vaccines and therapeutics as part of the company's exosome technology portfolio. Under the terms of the agreement, Capricor has been granted the exclusive, worldwide rights to JHU's co-owned interest in intellectual property described in the licensed patent applications, enabling Capricor to exclusively develop, manufacture and commercialize, with the right to sublicense, IP related to exosome technology for applications across both vaccine and therapeutic areas. Capricor is the co-owner of the intellectual property associated with the patent applications covered by the agreement.
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MORF | Hot Stocks08:04 EDT Morphic expects cash to fund requirements until the end of 2024 - As of March 31, 2021, Morphic had cash, cash equivalents and marketable securities of $448.3 million, compared to $228.3 million as of December 31, 2020. The increase was primarily due to the closing of the public offering of common stock in March. Morphic believes its cash, cash equivalents and marketable securities as of March 31, 2021, will be sufficient to fund operating expenses and capital expenditure requirements until the end of 2024.
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RCL | Hot Stocks08:04 EDT Royal Caribbean expects to incur a net loss for Q2, FY21 - The company's operation is still heavily impacted by the consequences of the COVID-19 pandemic. Therefore, the company cannot reasonably estimate its financial or operational results. Notwithstanding the foregoing, the company expects to incur a net loss on both a US GAAP and adjusted basis for its second quarter and the 2021 fiscal year, the extent of which will depend on many factors including the timing and extent of the return to service.
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CDAY | Hot Stocks08:04 EDT Ceridian to acquire Ideal, an intelligence software provider - Ceridian announced it has entered into a definitive agreement to acquire Ideal. "This acquisition is anticipated to optimize Ceridian's talent management offering once Ideal's capabilities are integrated into the Dayforce platform," the company said. The acquisition is expected to close on April 30. "Through the power of artificial intelligence-driven talent capabilities, Ideal's talent intelligence products enhance recruiting processes, including screening, shortlisting, and matching top candidates. Dayforce customers will also have access to Ideal's Diversity, Equity, and Inclusion intelligence system, enabling employers to meet diversity head-on by ensuring that objectivity and inclusion happen up-front in the talent acquisition and management processes," the company said.
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RCL | Hot Stocks08:03 EDT Royal Caribbean: Average monthly cash burn rate for Q1 was $300M - The average monthly cash burn rate for the first quarter of 2021 was approximately $300M. This is slightly higher than the previously announced range driven mainly by fleetwide restart expenses and timing.
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RCL | Hot Stocks08:03 EDT Royal Caribbean: 2H booking activity aligned with cruising resumption - Booking activity for the second half of 2021 is aligned with the Company's anticipated resumption of cruising. Pricing on these bookings is higher than 2019 both including and excluding the dilutive impact of future cruise credits. Cumulative advance bookings for the first half of 2022 are within historical ranges and at higher prices when compared to 2019. This was achieved with minimal sales and marketing spend which the Company believes highlights a strong long-term demand for cruising. Since the last business update, approximately 75% of bookings made for 2021 are new and 25% are due to the redemption of FCCs and the "Lift & Shift" program. The Company continues to provide guests on suspended sailings with the option to request a refund, to receive an FCC, or to "lift & shift" their booking to the following year. As of March 31, 2021, the Company had approximately $1.8 billion in customer deposits, in line with its December 31, 2020 balance. Approximately 45% of the customer deposit balance is related to FCCs. Since the suspension of guest operations on March 13, 2020, approximately 50% of the guests booked on cancelled sailings have requested cash refunds.
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ARMK | Hot Stocks08:00 EDT Aramark to acquire Next Level Hospitality, terms undisclosed - Aramark announced that it has signed an agreement to acquire Next Level Hospitality, a premier provider of culinary and environmental services in the senior living sector, specializing in skilled nursing and rehabilitation facilities. Founded in 2017, Next Level serves hundreds of locations in the U.S., primarily in the East Coast, Midwest and Texas. The acquisition enables Aramark to partner with a business that is committed to creating exceptional experiences for its clients with the ability to leverage a scalable operating model. "Next Level has built an impressive, fast-growing business that provides high quality services, led by a strong management team with a proven track record of execution," stated Aramark's CEO, John Zillmer. "This complementary acquisition extends our presence in the attractive, emerging senior living sector and reflects our highly selective M&A strategy. We look forward to welcoming the Next Level team to Aramark." Next Level's CEO Dave Carpenter added, "We are excited to join Aramark - a place where I spent 18 years earlier in my career - and know is the ideal home for Next Level to leverage our combined capabilities and expertise. We expect to capitalize on the extensive growth opportunities ahead to provide clients our differentiated culinary and environmental services." Next Level generated approximately $160 million of revenue in the last twelve months ending March 31, 2021 and is expected to be accretive to Aramark's earnings by early fiscal 2022. Next Level will operate as a separate division under its own brand within Aramark's Healthcare business. The deal is scheduled to close in Aramark's fiscal third quarter, subject to customary closing conditions and approvals. Terms of the transaction were not disclosed.
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ADVM | Hot Stocks07:59 EDT Adverum Biotechnologies discloses suspected adverse reaction in ADVM-022 trial - Yesterday evening following a halt in trading, Adverum Biotechnologies announced a "Suspected Unexpected Serious Adverse Reaction of hypotony in its INFINITY clinical trial evaluating ADVM-022 gene therapy for the treatment of diabetic macular edema. This event occurred 30 weeks after randomization in one patient treated with a single intravitreal injection of the high dose of ADVM-022 who has developed hypotony, with panuveitis and loss of vision in the treated eye. In the interests of patient safety, Adverum has decided to immediately unmask the INFINITY Phase 2 study to better understand this event and to help identify and manage any similar potential risk to other patients in this study, which completed patient dosing in December 2020. Additionally, the company is conducting a thorough review of data from the ADVM-022 program and plans to report its findings as the analysis progresses." Shares of the stock are down over 53% in pre-market trading.
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CNP | Hot Stocks07:55 EDT CenterPoint Energy sells Arkansas, Oklahoma LDC assets to Summit for $2.15B - CenterPoint Energy announced the sale of its Arkansas and Oklahoma natural gas LDC assets to Summit Utilities for $2.15B in cash, including recovery of approximately $425M in cash of unrecovered storm-related incremental natural gas costs incurred in February, subject to true-up at transaction close. The assets include approximately 17,000 miles of main pipeline in Arkansas, Oklahoma, and Texarkana serving more than half a million customers residing in regulatory jurisdictions. The proceeds of $1.73B in cash, after recovery of approximately $425M in cash unrecovered storm costs, represents a 2.5x multiple of 2020 rate base and a 38x multiple of 2020 earnings. The transaction is anticipated to close by the end of 2021, subject to customary closing conditions, including Hart-Scott Rodino antitrust clearance and state regulatory approvals.
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BTX | Hot Stocks07:55 EDT Brooklyn ImmunoTherapeutics acquires icense for mRNA technology platform - Brooklyn ImmunoTherapeutic announced it has acquired an exclusive license for mRNA gene editing and cell therapies technology of Factor Bioscience Limited and Novellus Therapeutics Limited pursuant to an exercise of a previously announced option. The license includes use of an extensively patented process to develop gene editing compounds using mRNA, which preclinical data suggest demonstrate a high degree of efficiency, as well as being non-immunogenic and non-mutagenic. The licensed platform includes mRNA cell reprogramming, which is considered to be the highest efficiency and footprint-free technology that can be applied to both allogeneic and autologous cells, and is combined with mRNA-based gene editing - along with a proprietary gene editing protein - to eliminate off-target effects. It also includes the proprietary ToRNAdo lipid delivery system that provides efficient delivery of mRNA ex vivo and in vivo to skin, brain, eye and lung tissue. "As a result of the license acquisition, Brooklyn is now poised to become a key player among companies exploring gene editing for cell therapies. This mRNA gene editing technology has the potential to be disruptive given its high efficiency and relatively low manufacturing costs. We look forward to continuing the work begun by Factor Bioscience and Novellus with this platform and to reporting our progress as our products advance towards the clinic," commented Howard J. Federoff, M.D., Ph.D., Chief Executive Officer and President of Brooklyn. "Our licensing of this technology represents a significant advancement in our approach to treating cancers, blood and other disorders, and transforms us from a single therapeutic company with multiple potential indications to a platform company with multiple products in a pipeline of next-generation engineered cellular medicines."
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CANF | Hot Stocks07:53 EDT Can-Fite BioPharma announces 75% enrollment for Comfort study - Can-Fite BioPharma announced that 75% of patients have been enrolled in its Phase III Comfort study designed to establish Piclidenoson's superiority compared to placebo and non-inferiority compared to Apremilast in patients with moderate to severe plaque psoriasis. The company expects to complete enrollment in Q3 and report topline results in Q4. Recently, the company conducted an interim analysis with an Independent Data Monitoring Committee which recommended based on the positive data and favorable safety profile to continue patient enrollment. The randomized, double blind study is being conducted in Europe, Israel, and Canada. The study's primary endpoint is the proportion of patients who achieve a PASI score response of 75% vs. placebo at week 16. Secondary endpoints include non-inferiority to Otezla in weeks 16 and 32.
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ATRC | Hot Stocks07:52 EDT AtriCure announces FDA approval of EPi-Sense System - AtriCure announced FDA approval of the EPi-Sense System to treat patients diagnosed with long-standing persistent Afib. The CONVERGE trial demonstrated superiority in the hybrid AF therapy arm compared to endocardial catheter ablation alone. In patients diagnosed with long-standing persistent Afib, the hybrid therapy arm showed a 29% absolute difference in efficacy at 12-months and an absolute difference of 35% at 18 months. There was also a 33% absolute difference in Afib burden reduction in favor of the hybrid AF therapy at 12 months, which increased to 37% at 18 months.
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INZY | Hot Stocks07:48 EDT Inozyme publishes data on INZ-701 as potential treatment for ENPP1 deficiency - Inozyme Pharma announced the online pre-publication release of preclinical data suggesting the potential of its lead development candidate, INZ-701, as a treatment for ENPP1 Deficiency. As reported in the Journal of Bone and Mineral Research, in an article titled, "INZ-701 prevents ectopic tissue calcification and restores bone architecture and growth in ENPP1 deficient mice", treatment with INZ-701 was associated with increased plasma levels of pyrophosphate, a potent regulator of mineralization, as well as improvements in several other disease markers and decreased mortality in a mouse model of ENPP1 Deficiency. The JBMR publication highlights the following preclinical findings with INZ-701. Increase of PPi; durable increases in PPi levels were observed after subcutaneous administration of a single dose of INZ-701 in ENPP1-deficient mice; and in a dose-response study, animals injected with INZ-701 showed a dose-dependent elevation in plasma ENPP1 activity and an average increase of approximately 2 microM in plasma PPi. Prevention of calcification: repeated dosing of INZ-701 at 0.2 mg/kg tended to reduce tissue calcium levels in the kidney, spleen, lung, and liver; dosing at 1 mg/kg significantly reduced calcification in most of the tissues; amd dosing at 5 mg/kg completely prevented calcification in all tissues. Correction of bone defects: INZ-701 treatment led to a dose-dependent increase in trabecular number, cortical thickness, bone volume, and bone mineral density. Restoration of growth parameters; INZ-701 treatment resulted in a clear dose response in rescuing slow growth in ENPP1-deficient mice during the first four weeks of the study; by the end of the study, mice treated with INZ-701 gained significant weight and reached approximately 15-16 grams in the 0.2 and 1 mg/kg dosing groups, and approximately 18 grams in the 5 mg/kg dosing group, compared to approximately 20 grams in wild-type mice; and ENPP1-deficient mice dosed with vehicle failed to gain weight from roughly four weeks of age to the end of the study. Improvements in other clinical signs; compared to the vehicle-treated group, ENPP1-deficient mice dosed with 0.2 mg/kg of INZ-701 showed less severe clinical signs associated with ENPP1 deficiency from day 27; mice dosed with 1 mg/kg of INZ-701 did not show any signs of morbidity until the eighth week of the study; and no abnormalities were observed in any WT mice or in ENPP1-deficient mice treated with 5 mg/kg of INZ-701.
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APTX | Hot Stocks07:48 EDT Aptinyx reports 'positive' data from Phase 2 study of NYX-783 - Aptinyx presented additional data from its exploratory Phase 2 study of NYX-783 in patients with post-traumatic stress disorder at the Society of Biological Psychiatry Annual Meeting being held virtually April 29 - May 1. The Phase 2 study evaluated NYX-783 in 153 patients with PTSD. The study consisted of two four-week treatment stages comparing once-daily oral dosing of NYX-783-10mg or 50mg-to placebo. This initial exploratory study was powered based on clinical, and not statistical, considerations to detect signals of efficacy. Nonetheless, statistically significant separation from placebo was observed on some measures. The prespecified combined analysis of stages 1 and 2 revealed a numerical benefit on the CAPS-5 Total score and a statistically significant benefit on the Arousal and Reactivity symptom cluster score for the 50 mg dose compared to placebo. The results from stage 1, which reflect all patients enrolled in the study, provide the greatest insights into the potential effects of NYX-783 for future studies and, therefore, are the primary focus of the poster being presented at SOBP.
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ACRHF CURLF | Hot Stocks07:47 EDT Acreage Holdings appoints Katrina Yolen as CMO - Acreage Holdings (ACRHF) announced Katrina Yolen has been appointed as the company's chief marketing officer effective April 28th. Most recently, Ms. Yolen was the Senior Vice President of Marketing at another cannabis MSO, Curaleaf (CURLF), where she built and led the marketing function.
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WETF | Hot Stocks07:44 EDT WisdomTree expands digital assets range with Ethereum ETP launch - WisdomTree has announced the expansion of its digital assets range with the launch of a physically-backed ether ETP. The WisdomTree Ethereum ETP, or ETHW, listed today on Borse Xetra and SIX, the Swiss Stock Exchange. WisdomTree now offers the lowest priced physically-backed ether and bitcoin ETPs in Europe, both with a total expense ratio of 0.95% and passported across the European Union. Jason Guthrie, Head of Capital Markets and Digital Assets, said: "The expansion of our digital assets range is a significant milestone and further demonstrates our commitment to delivering innovative digital asset solutions for institutional investors. ETHW is a best-in-class ETP, complementing our market leading bitcoin ETP, and launched at a time when interest in digital assets is at its highest. With this increase in popularity, institutional investors are doing their due diligence on the most liquid cryptocurrencies and we expect the pace of adoption across these to ramp up as the opportunity in digital assets becomes more compelling."
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LHCG | Hot Stocks07:44 EDT LHC Group joint venture to acquire Regent Home Health in Dallas-Fort Worth - LHC Group, in cooperation with joint venture partners Texas Health Resources and Methodist Health System, announced an agreement for the JV company to purchase and share ownership of Regent Home Health, a provider currently serving patients and families in Fort Worth, Texas. The agency name will change to DFW Home Health. It will be relocated to McKinney, Texas, upon finalization, joining the partnership's current network of DFW Home Health agencies operating from locations across the Dallas/Fort Worth Metroplex. It is anticipated that the agreement will be finalized on June 1.
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KGC | Hot Stocks07:43 EDT Kinross Gold to redeem $500M in senior notes on June 1 - Kinross Gold Corporation announced it will redeem all of the outstanding 5.125% Senior Notes due September 1, 2021, which have an aggregate principal amount of $500 million, on June 1, 2021. The Notes will be redeemed at a redemption price equal to the principal amount of the outstanding Notes plus accrued and unpaid interest to, but not including, the Redemption Date, in accordance with the terms of the Notes. Interest on the Notes will cease to accrue from and after the Redemption Date. After the Notes are redeemed, $1,250 million in aggregate principal amount of Kinross Senior Notes will remain outstanding, with the next maturity date on March 15, 2024 for $500 million in aggregate principal amount.
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DXLG | Hot Stocks07:42 EDT Destination XL Group joins CEO Action for Diversity & Inclusion - Destination XL Group announced that it joins the growing coalition pledging to advance diversity and inclusion in the workplace. One of nearly 2,000 CEOs that have come together for CEO Action for Diversity & Inclusion, Harvey Kanter is committing himself and Destination XL Group, Inc. to this effort. By signing on to this commitment, Destination XL Group, Inc. is pledging to take action to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, and where employees feel encouraged to discuss diversity and inclusion. The collective of nearly 2,000 signatories has already shared more than 1,400 best known actions, exchanging tangible learning opportunities and creating collaborative conversations via the initiative's unified hub, CEOAction.com.
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XPO | Hot Stocks07:42 EDT XPO Logistics announces Maryclaire Hammond as Chief Human resources as GXO - XPO Logistics announced that Maryclaire Hammond will become the chief human resources officer of GXO Logistics, the intended spin-off of XPO's logistics business. She will be responsible for GXO's human resources organization when the planned separation is complete. Hammond's priorities will include a focus on employee engagement, as well as diversity, equity and inclusion. She will be based at GXO headquarters in London. Hammond joined XPO in 2019 as senior vice president, human resources - Americas and Asia Pacific and oversees the employment culture of more than 22,000 employees in XPO's logistics business.
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CHRS | Hot Stocks07:40 EDT Coherus, Junshi announce toripalimab clinical data to be showcased at ASCO - Shanghai Junshi Biosciences and Coherus BioSciences announced that a late-breaking abstract detailing clinical data of anti-PD-1 antibody, toripalimab, in first-line treatment for recurrent or metastatic nasopharyngeal carcinoma will be featured at ASCO 2021 in the plenary session on Sunday, June 6. The abstract has also been selected for ASCO's official press program. "We are excited that results of JUPITER-02, a Phase 3 clinical trial evaluating toripalimab plus chemotherapy for the first-line treatment of recurrent or metastatic nasopharyngeal carcinoma, have been selected for presentation during ASCO's plenary session, which traditionally features high-impact studies," said Dr. Patricia Keegan, Chief Medical Officer of Junshi Biosciences. "Treatment of nasopharyngeal carcinoma, a specific type of head-and-neck cancer, is challenging, as the diagnosis usually occurs when the cancer is in an advanced stage and treatment options are limited."
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ADS | Hot Stocks07:38 EDT Alliance Data reports March net charge offs 5.3% vs. 5.2% last month - Reports March delinquency ratio 3.8% vs. 4.3% last month.
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BNR | Hot Stocks07:36 EDT Burning Rock Biotech announce partnership with Abbisko - Burning Rock Biotech announced a strategic partnership with Abbisko Therapeutics in companion diagnostics. The two companies will work together to develop a CDx assay for ABSK091 to advance clinical research and development of the drug. The CDx assay is designed to detect FGFR genetic alterations in patients with urothelial carcinoma. ABSK091 is an innovative small molecule FGFR inhibitor, of which Abbisko has the exclusive global rights for development, manufacture, and commercialization. "In the era of precision medicine, personalized cancer therapy relies on precise diagnosis. Leveraging the leading next generation sequencing technology, well-proven lab quality control protocol and integrated service system for pharmaceutical companies, Burning Rock will support its partners in the development of innovative oncology drugs," said Xinru Mao, Head and Senior Director of Pharmaceutical Business Development, Burning Rock, "ABSK091 has shown the potential to treat patients with FGFR signaling pathway-dependent tumors in previous studies. Our collaboration with Abbisko is expected to maximize each other's strengths to further advance the standardization of FGFR detection for patients with urothelial carcinoma in China."
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COWN | Hot Stocks07:34 EDT Cowen Group raises quarterly dividend 25% to 10c - Cowen Group increased its quarterly cash dividend payable on its common stock by 25% to 10c per common share. The dividend will be payable on June 15 to stockholders of record on June 1.
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HCDI | Hot Stocks07:33 EDT Harbor Custom Development contracts to acquire 31 acres for $4.75M - Harbor Custom Development announced that it has contracted to acquire 31 acres of commercial property for $4.75M in West Horseshoe Bay, Texas, located approximately 53 miles from Austin. The acquisition includes a 2,800 square foot office building that Harbor Custom Homes plans to utilize for its design, marketing and sales center serving the Austin metro market. Harbor anticipates rezoning most of the property from commercial to residential use in the Q3 of 2021. Following the rezone, Harbor plans to provide a variety of single family product ranging from 1,800 to 2,400 square feet cottages and villas, as well as 4,000 to 5,000 square feet creek side homes on estate lots. "Acquiring this property not only provides Harbor Custom Homes with the opportunity for a great mix of residential product in the inventory starved Austin metro market but also offers the Company a regional office in a highly desirable destination resort location to serve Harbor's Austin based projects. Urban flight from Austin combined with decreasing inventory in the bedroom, rural and destination resort communities like Horseshoe Bay provide a great opportunity for our company," stated Sterling Griffin, president and CEO of Harbor Custom Homes.
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PSTI | Hot Stocks07:31 EDT Pluristem reports Phase I results studying PLX-R18 in humans - Pluristem Therapeutics reported "positive" results in its first study to evaluate the safety and exploratory efficacy of PLX-R18 in humans. The company's Phase I, open-label, dose-escalation study is evaluating the safety and exploratory efficacy of intramuscular injections of PLX-R18 in subjects with incomplete hematopoietic recovery following Hematopoietic Cell Transplantation. The study enrolled 21 patients in the U.S. and Israel, who were at least three months after the HCT procedure, and had low blood counts in at least one blood cell lineage. They were assigned to one of three treatment arms: 1 million cells/kg, 2 million cells/kg or 4 million cells/kg. Each patient received two treatments of the assigned dose. The results demonstrate that PLX-R18 has the potential to stimulate the implanted hematopoietic cells to realize their therapeutic potential and generate improved blood counts over the long term in all three blood cell lineages at once - a meaningful advantage over other existing and proposed treatments. Available data1 at six-month follow-up demonstrates: PLX-R18 was well-tolerated with a favorable safety profile; statistically significant improvement from baseline counts was observed in all cohorts for hemoglobin and platelet counts; the patients in the high dose arm exhibited statistically significant improvements in all three blood cells lineages; approximately 60% of patients exhibited improvements in all three blood cell lineages: hemoglobin, neutrophil and platelet counts, that are above the initial criteria for inclusion in the study; 13 patients were transfusion dependent at baseline, 6 of those became transfusion independent at six-month follow up.
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DPZ | Hot Stocks07:31 EDT Domino's Pizza reports Q1 U.S. same store sales growth of 13.4% - Reports Q1 International same store sales growth of 11.8%; Global net store growth of 175.
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CARA | Hot Stocks07:28 EDT Cara Therapeutics announces results from KARE phase 2 trial of KORSUVA - Cara Therapeutics announced results from its KARE Phase 2 dose-ranging clinical trial of Oral KORSUVA for the treatment of moderate-to-severe pruritus in mild-to-severe atopic dermatitis patients. The trial enrolled 401 patients at multiple clinical sites across the United States. The KARE Phase 2 trial was a randomized, double-blind, placebo-controlled study designed to evaluate the efficacy and safety of Oral KORSUVA for moderate-to-severe pruritus in 401 adult subjects with atopic dermatitis. Patients were stratified across treatment groups by disease severity. Subjects were randomized to three tablet strengths of Oral KORSUVA: 0.25 mg, 0.5 mg and 1 mg taken twice daily versus placebo for 12 weeks followed by 4 weeks of an active extension phase. KARE's primary efficacy endpoint was change from baseline in the weekly mean of the daily 24-hour Itch NRS score at week 12 of the treatment period. Although no dose group met this endpoint, a statistically significant improvement from baseline was evident as early as week 1 for the 1 mg dose group which was sustained through 75% of the treatment period. In a prespecified analysis, a statistically significant change in the primary efficacy endpoint was observed in the mild-to-moderate patient population which was evident at week 1 and sustained through the treatment period. The key secondary endpoint for KARE was the assessment of the proportion of patients achieving an improvement from baseline of greater than or equal to4 points with respect to the weekly mean of the daily 24-hour Itch NRS score at week 12. No dose group met this endpoint for the ITT population. Prespecified analysis by disease severity indicated a statistically significant improvement in the 4-point Responder Analysis in the mild-to-moderate patient population with 32% of KORSUVA-treated patients achieving a greater than or equal to4 point reduction in NRS at Week 12 versus 19% in the placebo group. A statistically significant improvement was also achieved for the 0.5 mg dose. Oral KORSUVA was generally well-tolerated across all doses. Overall, the incidence of treatment-emergent adverse events was generally similar across KORSUVA and placebo groups. The most common treatment-emergent AEs reported in greater than 5% of patients in any KORSUVA group and greater than placebo were abdominal pain, nausea dry mouth, headache, dizziness and hypertension.
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BLMN | Hot Stocks07:24 EDT Bloomin' Brands reports Q1 adjusted EPS 72c, consensus 32c - Reports Q1 revenue $987.5M, consensus $952.74M. Reports Q1 comparable sales down 7.3%, "The first quarter was a strong start to the year. We are well positioned to grow sales, and capture additional market share as the economic recovery continues," said David Deno, CEO. "As a result of investments made over the last few years we are making great progress in growing off-premises sales, improving margins, and increasing cash flow as dining rooms reopen. Our sales momentum has continued through the first four weeks of the second quarter with U.S. comp sales up 12.6% on a two-year basis versus 2019."
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BTAI | Hot Stocks07:23 EDT BioXcel Therapeutics launches 'Boiling Point' education campaign - BioXcel Therapeutics announced the launch of its "Boiling Point" Campaign to educate emergency medical and psychiatric professionals on the full spectrum and severity of agitation symptoms and the importance of a prompt, non-invasive approach to care for patients with schizophrenia and bipolar disorders.
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LABP | Hot Stocks07:23 EDT Landos Biopharma doses first patient in Phase 1b study of NX-13 - Landos Biopharma announced that the Company dosed the first patient in a Phase 1b study of NX-13 for ulcerative colitis. NX-13 is Landos' potentially first-in-class, novel, orally administered, gut-restricted NLRX1 agonist for the treatment of UC and Crohn's disease. The Phase 1b study is a randomized, placebo-controlled, double-blind, multicenter, dose ranging study, evaluating 40 subjects with active UC over 28 days. All subjects will be randomized to receive one of the three NX-13 treatment regimens: 250 mg immediate release tablets, 500 mg IR, 500 mg modified release tablets or placebo. The objective of the trial will be to evaluate the safety and pharmacokinetics of multiple dose levels of NX-13 in patients. Exploratory biomarkers of response to treatment, including fecal calprotectin, will also be evaluated. In March, Landos announced successful completion of a Phase 1a study of NX-13 in normal healthy volunteers, which identified a maximum tolerated dose 10-fold greater than the anticipated therapeutic dose, validated the gut-restricted profile of NX-13, and demonstrated a preliminary signal of response in reduction of fecal calprotectin levels.
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KEX | Hot Stocks07:22 EDT Kirby sees 2021 free cash flow $230M-$310M - Kirby expects 2021 capital spending to range between $125 to $145 million, with the midpoint representing a year-on-year reduction near 10%. Approximately $15 million is associated with the construction of new inland towboats, and approximately $95 to $110 million is associated with capital upgrades and improvements to existing inland and coastal marine equipment and facility improvements. The balance of approximately $15 to $20 million largely relates to new machinery and equipment, facility improvements, and information technology projects in distribution and services and corporate. Overall, Kirby expects to generate net cash provided by operating activities of $375 million to $435 million, with free cash flow of $230 million to $310 million in 2021.
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SAH | Hot Stocks07:20 EDT Sonic Automotive raises share repurchase authorization by $250M - Sonic's Board of Directors increased the company's share repurchase authorization by $250M, to a total of $277.3M of available authorization.
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SAH | Hot Stocks07:20 EDT Sonic Automotive raises quarterly dividend 20% to 12c per share - Payable on July 15 to all stockholders of record on June 15.
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EVLO | Hot Stocks07:19 EDT Evelo Biosciences announces expected 2021 milestones - Upcoming Key Milestones: EDP1815 - Psoriasis; all data anticipated to be reported in 3Q 2021; Data from Phase 1b cohorts with tablets and capsules; Full data from Phase 2b dose-ranging trial; EDP1815 - Atopic Dermatitis; Subject to regulatory approval, initiation of Phase 2 trial in 3Q 2021; EDP1815 - COVID-19; While patient accrual for both COVID-19 trials continued during the quarter, given the increase in vaccination rates, and lower number of patients hospitalized with COVID-19 at clinical trial sites, Evelo expects the trials will continue longer than originally planned. The Company is unsure when it will be able to report data, and therefore will no longer be issuing guidance related to these trials. EDP1867 - Atopic Dermatitis; Interim data from Phase 1b trial expected in 4Q 2021; EDP2939 - Inflammation; Initiation of clinical development in 2022; EDP1908 - Oncology; Initiation of clinical development in 2022.
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CNI... | Hot Stocks07:16 EDT CN says proposal to combine with KCS receiving 'overwhelming support' - CN (CNI) announced that its proposal to combine with Kansas City Southern (KSU) in a cash-and-stock transaction valued at $33.7B "continues to receive overwhelming support from customers, suppliers, elected officials and other stakeholders because of its extensive pro-competitive benefits." CN announced it has received more than 200 additional letters in favor of CN's proposed combination with KCS with the Surface Transportation Board. "This brings the total number of support letters CN has received to more than 600 in just over a week since its proposal was made public, far exceeding the number of letters that Canadian Pacific Railway Limited (CP) has received in over five weeks," CN said.
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TMHC | Hot Stocks07:12 EDT Taylor Morrison sees FY21 average active community count 330 - Sees FY21 home closings 14,500-15,000. Sees FY21 effective tax rate 23%.
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TMHC | Hot Stocks07:11 EDT Taylor Morrison sees Q2 average active community count 330 - Sees Q2 home closings 3,200-3,400. Sees Q2 effective tax rate 23%.
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FLWS | Hot Stocks07:11 EDT 1-800-Flowers.com increases stock repurchase program to $40M - 1-800-Flowers.com received a new authorization from its Board of Directors increasing funds available for stock repurchase to $40M. The new authorization replenishes and increases a previous $30M authorization that had approximately $4M remaining after the company had returned approximately $26M to shareholders by repurchasing shares over the past two years.
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CNOB | Hot Stocks07:09 EDT ConnectOne Bancorp board increases quarterly dividend 22.2% to 11c per share - ConnectOne Bancorp announced that its board of directors declared a cash dividend on its common stock of 11c per share. This cash dividend represents a 2c, or a 22.2% increase from the prior common dividend declared on January 28. The dividend will be paid on June 1 to shareholders of record on May 17.
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AGIO | Hot Stocks07:07 EDT Agios Pharmaceuticals expects cash to fund requirements through catalysts - Cash, cash equivalents and marketable securities as of March 31, 2021 were $2.4 billion compared to $613.1 million as of March 31, 2020. The company expects that its cash, cash equivalents and marketable securities as of March 31, 2021, together with anticipated interest income, future product sales and TIBSOVO royalties, will enable the company to fund its planned operating expenses and capital expenditure requirements through major catalysts and to cash-flow positivity without the need to raise additional equity.
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KHC | Hot Stocks07:07 EDT Kraft Heinz sees Q2 mid-single-digit percentage increase in revenue - The Company continues to expect it will deliver 2021 financial performance ahead of its strategic plan. For the second quarter of 2021, and based on performance to date, the Company currently expects a mid-single-digit percentage increase in both Organic Net Sales and Constant Currency Adjusted EBITDA(2) versus the comparable 2019 period. The Company views comparison to the 2019 period to be more meaningful than the comparable 2020 period given the exceptional, COVID-19-related consumer demand changes experienced in the 2020 period. This outlook is, therefore, equivalent to a low-single-digit percentage decline in Organic Net Sales(2 and a mid-single-digit percentage decline in Constant Currency Adjusted EBITDA versus the comparable 2020 period.
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AGIO | Hot Stocks07:07 EDT Agios Pharmaceuticals announces anticipated 2021 key milestones - KEY UPCOMING MILESTONES: Finalize global regulatory filings for mitapivat in adults with PK deficiency; submit new drug application in the U.S. in the second quarter of 2021 and marketing authorization application in the EU in mid-2021. Initiate two Phase 3 studies of mitapivat, ENERGIZE and ENERGIZE-T, in not regularly transfused and regularly transfused adults with thalassemia in the second half of 2021. Initiate Phase 2/3 study of mitapivat in sickle cell disease by year-end. Prioritize new indications for pyruvate kinase R and pyruvate kinase M2 (PKM2) activator clinical development by year-end. Data Presentations: Present data from the following clinical studies for presentation at the EHA Virtual Congress, hosted June 9-17, 2021: Phase 3 ACTIVATE study of mitapivat in adults with PK deficiency who do not receive regular transfusions; Phase 3 ACTIVATE-T study of mitapivat in adults with PK deficiency who receive regular transfusions; Phase 2 study of mitapivat in adults with alpha- and beta-thalassemia who do not receive regular transfusions; Submit data from ongoing clinical studies of mitapivat in sickle cell disease for presentation at medical meetings in 2021. Present data from the Phase 1 study of AG-946, the company's next-generation PKR activator, in healthy volunteers by year-end.
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BMY | Hot Stocks07:06 EDT Bristol-Myers falls over 2% to $64.66 after Q1 earnings miss
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BMY | Hot Stocks07:06 EDT Bristol-Myers reports Q1 Revlimid sales up 1% at $2.94B - Reports Q1: Eliquis sales up 9% at $2.89B, Opdivo sales down 3% at $1.72B, and Orencia sales up 6% at $758M.
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GNCA | Hot Stocks07:04 EDT Genocea expects initial efficacy data from GEN-011 Phase 1/2a trial in Q4/Q1 - GEN-011 is in development to treat checkpoint inhibitor-refractory patients. Genocea believes using patient T cells taken from easily accessible peripheral blood and expanding the T cells only on tumor neoantigens prioritized by our ATLAS platform may give GEN-011 efficacy, accessibility and cost advantages over other T cell therapies. The TITAN study is designed to explore safety, biomarkers of activity and anti-tumor efficacy. During the first quarter, Genocea continued to add clinical sites and accrue patients. The company expects to have initial efficacy data from a patient subset late in the fourth quarter of 2021 or the first quarter of 2022.
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GNCA | Hot Stocks07:03 EDT Genocea expects cash to fund operations to the end of 2022 - As of March 31, 2021, cash and cash equivalents were $66.0 million compared to $79.8 million as of December 31, 2020.
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MCD | Hot Stocks07:02 EDT McDonald's reports Q1 U.S. SSS up 13.6% - In Q1: Global comparable sales increased 7.5%, reflecting positive comparable sales across all segments: 13.6% in the U.S.; 0.6% in the International Operated segment; and 6.4% in the International Developmental Licensed segment.
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MCD | Hot Stocks07:01 EDT McDonald's reports Q1 global SSS up 7.5%, with growth across all segments
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PBF | Hot Stocks06:57 EDT PBF Energy provides business update amid COVID-19 pandemic - The company said, "Employee and operational safety continue to be an ongoing priority in our pandemic response. We implemented a number of necessary safety protocols and social distancing requirements, issued personal protective equipment to all employees and enhanced facility cleaning, with these efforts focused on protecting our dedicated front line employees who have remained on the job throughout the current crisis. As a result of our efforts, our operating facilities have remained fully-staffed by our essential workforce throughout the pandemic, and we continue supplying our critical products to our valued customers. In response to the effects of the global pandemic, we undertook a number of measures to ensure the safety and reliability of our operations. We successfully reconfigured our East Coast refining system to maintain the most profitable elements of two refineries while reducing costs and improving our competitive position. In all of our locations, we focused on creating sustainable cost reductions that we expect will make each of our assets more regionally competitive, and continue to review our operations in order to drive profitability. In addition to focusing on our core refining operations, we are exploring opportunities to participate in the burgeoning renewable fuels market. We previously announced a potential project to be co-located at the Chalmette refinery. This project is expected to use certain idled assets, including an idle hydrocracker, along with a newly-constructed pre-treatment unit to establish an 18,000 to 20,000 barrel per day renewable diesel production facility. We believe that with the utilization of currently idled assets, and its strategic location on the Mississippi River, our project will have a shorter time to market and reduced construction costs compared to similar greenfield projects. We are currently in advanced discussions with potential partners and expect to provide further updates in the coming months. Consistent with our previous guidance, our refining capital spending program for the first half of 2021 is expected to be approximately $150 million. Our overall market outlook for the second half of 2021 remains constructive, with continued gradual improvement in demand, and our full-year capital expenditures are expected to be approximately $400 to $450 million. Should market conditions change from our current expectations, we expect that we will review our capital requirements and adjust as needed. We operated our refineries at reduced rates during the first quarter and, based on current market conditions, we expect to continue to operate our refineries in response to demand for our products. In the second quarter we expect to run at higher rates in every region with total expected throughput regionally as follows: East Coast to average 225,000 to 245,000 barrels per day (bpd); Mid-Continent to average 135,000 to 145,000 bpd; Gulf Coast to average 175,000 to 185,000 bpd; and West Coast to average 290,000 to 310,000 bpd."
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TPR VFC | Hot Stocks06:52 EDT Tapestry names Scott Roe as CFO, effective June 1 - Tapestry (TPR) announced the appointment of Scott Roe, as CFO, effective June 1. Roe will have responsibility for all finance functions as well as leading the company's Strategy and Consumer Insights teams. Roe joins from VF Corporation (VFC), where he has had a successful 25-year career .
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TPX | Hot Stocks06:48 EDT Tempur Sealy increases share repurchase program to $400M - Tempur Sealy announced that its board has increased the authorization under the company's share repurchase program to a total of $400M. In Q1, Tempur Sealy utilized approximately $300M under its existing authorization to repurchase approximately 8.4M shares. The company expects to repurchase at least 6% of shares outstanding in 2021.
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CAPL | Hot Stocks06:46 EDT CrossAmerica to acquire certain properties from 7-Eleven for $263M - CrossAmerica Partners announced that it has entered into a definitive agreement to acquire certain convenience store properties from 7-Eleven for an aggregate cash purchase price of $263M, subject to certain adjustments. The sites to be acquired consist of company-operated sites that are being sold by 7-Eleven as part of a divestiture process in connection with its previously announced acquisition of the Speedway business from Marathon Petroleum Corporation, and are located in regions of the U.S. within CrossAmerica's existing asset base. The vast majority of the sites are currently operating under the Speedway brand, and all sites will be rebranded in connection with the closing. A total of approximately 160 million gallons of motor fuel were sold at these locations during the trailing twelve month period ended October 31, 2020, in addition to aggregate merchandise sales of approximately $134M during such period, in each case based on unaudited financial information provided to CrossAmerica.
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EADSY | Hot Stocks06:34 EDT Airbus targets to achieve EBIT adjusted of at least EUR 2B - The company targets to at least achieve in 2021: Same number of commercial aircraft deliveries as in 2020; EBIT Adjusted of EUR 2B; Breakeven free cash flow before M&A and customer financing.
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EADSY | Hot Stocks06:30 EDT Airbus: Guidance issued in February remains unchanged
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NWG | Hot Stocks06:26 EDT NatWest Group backs outlook provided in 2020 Annual Results
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LHDX JBL | Hot Stocks06:26 EDT Lucira Health's COVID-19 test kit to be manufactured by Jabil in new facility - Lucira Health (LHDX) announced the opening of a new production center in the Dominican Republic by its manufacturing partner Jabil (JBL). The new facility will increase production of the Lucira Checkit COVID-19 test kit during Q2. Jabil also manufactures Lucira's COVID-19 test in Auburn Hills, Michigan. The Lucira Checkit COVID-19 test kit is available over the counter in the U.S. It is also the first self-test authorized by Health Canada for individuals with or without symptoms.
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IRM | Hot Stocks06:24 EDT Iron Mountain names as Global Chief DEI Officer - Iron Mountain announced that Charlene Jackson has joined the company as Global Chief Diversity, Equity, and Inclusion Officer. In her role, Jackson will lead Iron Mountain's DEI strategy, practice and programs, including its Employee Resource Groups. She joins Iron Mountain from Girls Inc., where she was the National Director of Affiliate Services.
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LTRX JCS | Hot Stocks06:22 EDT Lantronix to acquire Communications Systems' electronics and software business - Lantronix (LTRX) has entered into a definitive Securities Purchase Agreement to acquire Transition Networks and Net2Edge, which comprises the Electronics and Software reportable business segment of Communications Systems (JCS). Lantronix will pay CSI a base price of $25.0M, subject to customary working capital adjustments following closing, plus an earn out of up to $7.0M, based on revenue milestones for the two 180-day periods following closing of the securities purchase agreement. The agreement is subject to customary closing conditions and CSI shareholder approval and is expected to close in June or July. Revenues from the combined company are expected to total more than $100M on an annual basis. The acquisition will bring complementary IoT connectivity products and capabilities, including switching, Power over Ethernet and media conversion and adapter products.
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MDC | Hot Stocks06:09 EDT M.D.C. Holdings sees FY21 home deliveries 10,000-11,000 - Sees active subdivision count goal of at least 10% growth during 2021.
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MDC | Hot Stocks06:08 EDT M.D.C. Holdings sees Q2 home deliveries 2,500-2,700 - Sees Q2 average selling price $500,000. Sees Q2 gross margin 22.5%.
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LOGI | Hot Stocks06:02 EDT Logitech announces up to $1B share buyback authorization - Logitech's board of directors has approved an increased share buyback authorization up to $1B. This expands the company's current $250M, three-year share buyback authorization. To date, the company has repurchased $165M of shares in the current program. Following approval from the Swiss Takeover Board, the increase will give a total authorization of $835M for repurchases over the remaining 27 months of the program through July 2023.
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AMZN | Hot Stocks06:00 EDT Amazon to spend over $1B to increase pay for 500K warehouse workers - Amazon will invest over $1B to increase wages for more than 500,000 of its warehouse workers between at least 50c and $3 an hour, Darcie Henry, Amazon VP of People eXperience and Technology, Worldwide Consumer, said in a statement. Henry said: "Amazon is hiring now for tens of thousands of jobs across our operations in the U.S., and we're looking for great people to join our Customer Fulfillment, Delivery, Package Sortation, and Specialty Fulfillment teams. In support of this effort, we pulled forward our annual fall pay review for these teams and will be rolling out increases from mid-May through early June." Reference Link
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ANGN | Hot Stocks05:58 EDT Angion Biomedica, Vifor announce completion of enrollment for AKI-002-15 study - Vifor Pharma and Angion Biomedica announced completion of enrollment for Angion's AKI-002-15 study, a phase-II trial of ANG-3777 in patients at risk of cardiac-surgery associated acute kidney injury, or CSA-AKI. This indication is part of the ANG-3777 license agreement both parties signed in November 2020.
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MRNA | Hot Stocks05:57 EDT Moderna expects to increase global 2022 capacity of COVID-19 vaccine to 3B doses - Moderna announced it is making new funding commitments to increase supply at its owned and partnered manufacturing facilities, which it expects will increase global 2022 capacity to up to 3B doses of its COVID-19 vaccine, depending upon the mix between the authorized Moderna COVID-19 Vaccine at the 100 microgram dose level and potentially lower doses of the company's variant booster candidates and pediatric vaccines, if authorized. The company will use its cash balance to fund these investments. These investments allow for a doubling of drug substance manufacturing at Lonza's Switzerland-based facility, a more than doubling of formulation, fill and finish and drug substance manufacturing at Rovi's Spain-based facility, as well as a 50% increase of drug substance at Moderna's facilities in the U.S. When completed, the investments will also result in an increase in safety stock of raw materials and finished product used to deliver committed volumes. The company will begin making investments at its owned and partnered manufacturing facilities in 2021, with increased production from these investments expected to ramp up in late 2021 and early 2022. Today, the company also raised its 2021 manufacturing supply forecast to between 800M to 1B doses. The increases announced are in addition to the recently announced increases in formulation, fill and finish in the U.S. with Catalent and Sanofi. In addition, Moderna is in advanced negotiations for other agreements. Moderna also announced that ongoing development data related to the current formulation of the Moderna COVID-19 Vaccine could support a three-month refrigerated shelf life for the vaccine in alternative formats to facilitate easier distribution to doctor's offices and other smaller settings if authorized. Currently, the Moderna COVID-19 Vaccine is approved for storage up to one month at refrigerated temperatures and up to seven months in a standard freezer. The Moderna COVID-19 Vaccine is also the only authorized mRNA vaccine that does not require on-site dilution. The company also announced that it is working on formulations of mRNA-1273 and a next generation vaccine that it believes will extend refrigerated shelf life even further.
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AVIR RHHBY | Hot Stocks05:43 EDT Atea Pharmaceuticals announces first patient dosed in MORNINGSKY trial - Atea Pharmaceuticals (AVIR) announced that the first patient has been dosed in the Phase 3 MORNINGSKY trial, a multicenter trial evaluating AT-527 in mild or moderate COVID-19 patients in an outpatient setting. The trial, which is anticipated to enroll approximately 1,400 non-hospitalized adults and adolescents with mild to moderate COVID-19, is currently enrolling patients at clinical trial sites outside the United States. MORNINGSKY is expected to have an extensive global footprint and will include a large number of clinical sites worldwide, including Japan. AT-527 is an orally administered, direct-acting antiviral in development and derived from Atea's purine nucleotide prodrug platform. Under a strategic collaboration, Roche (RHHBY) and Atea are jointly developing AT-527 for the treatment of COVID-19.
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HCM | Hot Stocks05:42 EDT Hutchison China MediTech initiates HMPL-689 registration study - Hutchison China MediTech has initiated a registration-intent Phase II clinical trial of HMPL-689, its highly selective and potent PI3Kdelta inhibitor, in China in patients with relapsed or refractory follicular lymphoma, or FL, and marginal zone lymphoma, or MZL, two subtypes non-Hodgkin's lymphoma, or NHL. The first patient was dosed. The clinical trial is a multi-center, single-arm, open-label clinical study to evaluate the efficacy and safety of HMPL-689 once a day oral monotherapy in approximately 100 patients with relapsed/refractory FL and approximately 80 patients with relapsed/refractory MZL. The primary endpoint is objective response rate with secondary endpoints including complete response rate, progression-free survival, time to response and duration of response. The trial is being conducted in over 35 sites in China.
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CB MMC | Hot Stocks05:26 EDT Chubb, Marsh collaborate with WHO and Gavi on COVAX insurance coverage - Chubb (CB) and Marsh (MMC) announced a collaboration with the World Health Organization, or WHO, and Gavi, the Vaccine Alliance, that has secured insurance coverage for a program that will offer eligible individuals in 92 lower-income countries and economies a process to receive compensation for rare but serious adverse events associated with vaccines distributed through COVAX up to June 30, 2022. The COVAX No-fault Compensation Program is the first and only vaccine injury compensation mechanism operating on an international scale. Co-convened by Gavi, the Coalition for Epidemic Preparedness Innovations, or CEPI, and WHO, working in partnership with UNICEF as an implementing partner, COVAX was created to accelerate the development and manufacture of COVID-19 vaccines, and to guarantee their fair and equitable access for every country in the world. Through Chubb's and Marsh's collaboration, up to $150M in insurance is provided for the COVAX No Fault Compensation Program to cover compensation payments to eligible individuals in the 92 lower-income countries and economies, known as the Gavi COVAX Advance Market Commitment eligible economies. Insurance broker Marsh led the global placement of the bespoke solution. Chubb is the lead insurer, supported by a further 10 insurers located in the U.S., U.K., Germany, Ireland, Switzerland and Bermuda.
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BIDU | Hot Stocks05:22 EDT Baidu to open fully driverless robotaxi services to the public in Beijing in May - Baidu announced it will open fully driverless robotaxi services to the public in Beijing starting from May 2, which will be China's first paid autonomous vehicle service where users can hail a robotaxi without a safety driver behind the steering wheel. The fully driverless Apollo Go Robotaxi service will first be launched in Beijing's Shougang Park, one of the venues for the 2022 Beijing Winter Olympics, and will soon be transporting visitors at the games. With the ride-hailing service being launched during the Labor Day holiday period, Baidu will be the first Chinese company offering a fully driverless robotaxi service under commercial operation. By using the Apollo Go App, users can locate a robotaxi in the vicinity and hail a driverless ride by themselves through a system of unmanned self-service processes. Features including virtual reality navigation and remote car honking can help users to identify the location of the car. To unlock the autonomous vehicles, users are required to scan a QR code and health code on the car for identity verification and pandemic prevention purposes. Upon boarding the vehicle and clicking on the "Start the Journey" button, the system will ensure that seat belts are fastened and the doors are shut, the trip only beginning after all the passenger safety protocol checks are completed. With no safety driver at the helm, the 5G Remote Driving Service is present at all times to allow human operators to remotely access the vehicles in the case of exceptional emergencies. During the upcoming Winter Olympics, the Apollo robotaxis will be available to provide shuttle services for athletes and staff.
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ACN | Hot Stocks05:18 EDT Accenture to acquire Openminded, terms undisclosed - Accenture has entered into an agreement to acquire Openminded, a France-based cybersecurity services company that provides advisory, cloud and infrastructure security, cyber defense, and managed security services. Financial terms of the transaction are not being disclosed. Founded in 2008, and powered by a security operations center, Openminded helps clients anticipate and reduce cybersecurity risks, detect and respond to cyber incidents, and implement best practices in regulatory compliance. Once completed, the acquisition would bring approximately 100 cybersecurity professionals to Accenture Security's workforce of nearly 7,000 professionals globally and extend Accenture's cybersecurity presence and capabilities in France and in Europe. The acquisition requires prior consultation with the work council and would be subject to customary closing conditions.
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JHG | Hot Stocks05:15 EDT Janus Henderson Group increases quarterly dividend 6% to 38c per share - The company's board approved a 6% increase in the quarterly dividend and declared a Q1 dividend in respect of the three months ended March 31 of 38c per share. Shareholders on the register on the record date of May 11 will be paid the dividend on May 27. Janus Henderson does not offer a dividend reinvestment plan.
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TSE | Hot Stocks05:10 EDT Trinseo, ETB to collaborate on development of purified bio-based 1,3-butadiene - Trinseo (TSE) and ETB have signed a letter of intent to collaborate on the development of purified bio-based 1,3-butadiene. This will see the two companies combine their respective technology and process expertise to accelerate the development of viable, renewably sourced material solutions. Under the partnership, the companies will jointly explore opportunities to scale up ETB's single-stage process to produce bio-based 1,3-butadiene from ethanol using polyfunctional catalyst technology. The collaboration will initially focus on demonstrating the viability of sustainable ethanol-based synthetic rubber in support of green tire production. To underline this mutual commitment, Trinseo, with ETB's support, will conduct a feasibility study to explore the construction of a dedicated bio-based 1,3-butadiene pilot plant in Europe. Once operational, it is intended that the pilot plant will include a purification unit to achieve a purity target of 99.7%. Bio-based butadiene is considered a first component in the value chain for enabling the replacement of fossil-based raw materials with renewable sources, thereby reducing the environmental footprint of consumer products, such as performance tires throughout their lifecycle. It is anticipated that the pilot plant evaluation study will be completed by the close of 2021. Both companies share the long-term ambition of scaling up live production globally.
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PSFE | Hot Stocks05:07 EDT Paysafe signs agreement with AWS to become a fully cloud-based payments provider - Paysafe (PSFE), announced it has signed a global multi-year agreement with Amazon Web Services (AMZN), or AWS, as part of its strategy to become a fully cloud-based payments provider. Through this collaboration, Paysafe is migrating its portfolio of workloads, including eCash solutions, paysafecard and Paysafecash, and its digital wallets, Skrill and NETELLER, to AWS to develop new cloud-native merchant payment and consumer wallet products for its business and consumer customers. The first milestone of the collaboration has already been completed with the transition of Paysafe's eCash solutions to the cloud. The move to AWS supports Paysafe to leverage data to drive customer acquisition and engagement, as well as to run and scale products and applications for its North American and European operations. Collectively, Paysafe's solutions are actively used by more than 15M people across more than 120 countries.
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