Stockwinners Market Radar for May 19, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PETQ | Hot Stocks20:07 EDT PetIQ CEO sells 100K shares of common stock - In a regulatory filing, PetIQ disclosed that its CEO McCord Christensen sold 100K shares of common stock on May 17th in a total transaction size of $4.0M, reducing his stake by about 93%.
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OSTK | Hot Stocks19:16 EDT Overstock.com director Corbus sells 6,720 common shares - In a regulatory filing, Overstock.com director Barclay Corbus disclosed the sale of 6,720 common shares of the company on May 18 at a price of $77.51 per share.
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USWS | Hot Stocks19:13 EDT U.S. Well Services announces next-generation Nyx Cleen Fleet - The company states: "U.S. Well Services announced the next generation of its proprietary Clean Fleet technology with the unveiling of its newly designed Nyx Clean Fleet(R) frac pump. Nyx will use our patented PowerCube, driving two independently controlled electric motors and frac pumps to provide 6,000 hydraulic horsepower on a single trailer. Based on current pricing from vendors, U.S. Well Services expects that it can deliver a Nyx Clean Fleet, consisting of ten pump trailers totaling 60,000 HHP, two blenders and a combination switchgear for a capital cost of approximately $23M."
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CLVS | Hot Stocks18:47 EDT Clovis to present data of Rubraca and Lucitanib trials at ASCO - Clovis announced that four abstracts featuring data from clinical studies evaluating Rubraca and/or lucitanib and one abstract on real world data of PARP inhibitor usage, will be presented during the 2021 American Society of Clinical Oncology Annual Meeting to be held virtually, June 4-8, 2021. New data "analyses from the Phase 3 ARIEL3 and ARIEL4 trials further characterize Rubraca's efficacy and consistent safety profile in patients in the advanced ovarian cancer maintenance treatment and treatment settings", the company states.
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ADCT | Hot Stocks18:46 EDT ADC Therapeutics announces three abstracts to be presented at ASCO - ADC Therapeutics announced three abstracts have been selected for poster presentations at the 2021 American Society of Clinical Oncology Annual Meeting, which is being held virtually June 4-8, 2021. Posters will "highlight ZYNLONTA(TM) LOTIS-2 subgroup analyses, ZYNLONTA(TM) LOTIS-5 confirmatory trial and Cami in advanced solid tumors", the company states.
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NXTC | Hot Stocks18:44 EDT NextCure to present NC410 study data at ASCO - NextCure announced that clinical trial investigator, Martin Gutierrez, M.D., Director, Phase 1 Program and Co-Chair of Thoracic Oncology at Hackensack University Medical Center, will present a Trials in Progress poster for NC410 at the 2021 American Society of Clinical Oncology Annual Meeting. "We are excited to discuss our rationale for developing NC410 as a first-in-class cancer therapeutic targeting the LAIR pathway as well as our Phase 1/2 clinical trial strategy with the clinical oncology community at ASCO," said Han Myint, M.D., NextCure's chief medical officer. "NC410 demonstrates anti-tumor activity in preclinical models, and we believe it has significant potential across multiple tumor types, including gastric, ovarian, lung head and neck. We look forward to continuing to evaluate NC410 in first-in-human trials and reporting initial clinical data in the second half of 2021."
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CSCO | Hot Stocks18:42 EDT Cisco CEO: Order growth is consistent across the board - In an interview on CNBC's Mad Money, Chuck Robbins said the days of the 5G buildout are finally here. He is seeing significant investment in wireless infrastructure as companies prepare for a hybrid work model. He sees recent supply chain challenges as a "short-term issue." "Everyone in this space is working to deliver more capacity," he added.
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TTWO | Hot Stocks18:32 EDT Take-Two CEO: We expect to set new records - In an interview on CNBC's Mad Money, Strauss Zelnick said Take-Two has 21 titles coming to market this year. The company is highly efficient, he noted. This is still "early days" for e-sports, he added. Golf is going to be "huge for us," he said and the company is investing heavily in it.
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CUTR | Hot Stocks18:09 EDT Cutera director Plants acquires over 600,000 common shares - In a regulatory filing, Cutera director J. Daniel Plants disclosed the purchase of 664,828 common shares of the company on May 17 at a price of $29.50 per share.
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IMAB | Hot Stocks18:08 EDT I-MAB presents Phase 1 data on CD73 antibody uliledlimab - I-Mab announced that an abstract detailing clinical data from its U.S. phase 1 study of uliledlimab in combination with atezolizumab in patients with advanced cancer will be presented at the 2021 American Society of Clinical Oncology Annual Meeting, taking place June 4-8. Uliledlimab is a humanized CD73 antibody and is designed to counter the adenosine-mediated immunosuppressive tumor microenvironment, rendering anti-tumor immune cells to act more effectively in response to checkpoint immunotherapies. Preclinical studies have shown that when combined with a PD-(L)1 antibody, uliledlimab exhibited a superior and synergistic inhibitory effect on tumor growth versus PD-(L)1 mono-therapy. The U.S. phase 1 dose escalation study of uliledlimab in combination with atezolizumab showed that the treatment is safe and well tolerated with no dose-limiting toxicity. All treatment related adverse events were either grade 1 or grade 2. Uliledlimab demonstrated a linear pharmacokinetic profile and reached full receptor occupancy on B cells at the middle and high dose levels. Tumor types of patients who had complete or partial responses or stable disease included ovarian clear cell carcinoma, non-small cell lung cancer and a few other cancers. I-Mab has made significant progress in clinical trials in China to evaluate uliledlimab in combination with toripalimab in patients with advanced or metastatic cancers, including non-small cell lung cancer, who are refractory to or intolerant of available therapies.
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ZTO | Hot Stocks18:05 EDT ZTO Express sees FY21 parcel volume up 35%-40% y/y - The company makes no changes to its previously stated annual volume guidance. Based on the current market conditions and current operations, the company's parcel volume for 2021 is expected to be in the range of 22.95B-23.8B, representing a 35%-40% increase year over year.
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MYGN | Hot Stocks18:02 EDT Myriad Genetics to share results for breast cancer risk assessment study at ASCO - Myriad Genetics "announced that it will present results from a study with more than 275,000 women validating the use of a new method for polygenic breast cancer risk assessments in women of all ancestries. The new data will be shared in an oral presentation with leading collaborators on June 4 at the 2021 American Society of Clinical Oncology (ASCO) Annual Meeting. Myriad Genetics plans to launch riskScore for all ancestries later this year as part of its myRisk clinical test. In addition, the company recently announced plans to launch a standalone consumer version of riskScore in 2022. The consumer version will further expand riskScore access to a new population of 93 million women who do not already qualify for hereditary cancer testing due to their personal or family history."
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ISTR | Hot Stocks18:01 EDT Investar Holding announces additional 200,000 share repurchase program - Investar Holding announced that the Board of Directors has authorized the repurchase of an additional 200,000 shares of the company's common stock under the company's stock repurchase program, in addition to the 315,240 shares currently available for repurchase under the program. The 200,000 additional shares are authorized for repurchase through July 31, and represent approximately 2% of the company's outstanding common stock.
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GH | Hot Stocks17:59 EDT Guardant Health to present LUNAR-2 blood test for cancer detection at ASCO - Guardant Health will present data "demonstrating the use of the company's proprietary blood tests to advance precision oncology, including cancer screening, detecting residual or recurrent disease in early-stage cancer, and treatment selection and treatment response monitoring in advanced cancer. Data, from 20 abstracts, will be presented along with other leading medical institutions and pharmaceutical companies, during the 2021 American Society of Clinical Oncology Annual Meeting being held from June 4-8, 2021. The data show that the LUNAR-2 assay achieved overall sensitivity of 91% in early-stage CRC and specificity of 94%. The performance in this new large cohort of CRC cases, and cancer-free controls, is consistent with previously reported data.1-2 Notably no differences in sensitivity for CRC detection were observed in patients presenting with asymptomatic disease, compared to those patients who were symptomatic, despite the lower cell-free DNA tumor fractions observed in asymptomatic patients, suggesting the test will have clinically meaningful performance in an average-risk screening population".
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ONCT | Hot Stocks17:56 EDT Oncternal Therapeutics to present TK216 data at ASCO in sarcoma indications - The company states: "Oncternal Therapeutics announced updated interim clinical data from the oral presentation on its ongoing Phase 1/2 clinical trial evaluating TK216, an investigational, potentially first-in-class, targeted small-molecule inhibitor of the E26 transformation-specific family of oncoproteins, in patients with relapsed or refractory Ewing sarcoma, to be presented at the American Society of Clinical Oncology 2021 Annual Meeting. As of the April 16, 2021 data cut-off date, a total of 68 patients with relapsed/refractory Ewing sarcoma have been treated with TK216 in study TK216-01, 29 patients in the dose-finding cohorts, and 39 patients treated at the RP2D of TK216 with vincristine 0.75-1.5 mg/m2 administered on the first day of each cycle. All patients treated at the RP2D had metastases at study entry and were heavily pretreated, with a median number of three prior systemic therapies. Two patients treated at the RP2D have achieved marked and sustained regression in target lesions after as little as two cycles of therapy. The first patient experienced 100% regression of target lesions following two cycles of TK216 alone. After six cycles of treatment that included concomitant vincristine starting in the third cycle, a single 7 mm non-target lung lesion was resected, resulting in a surgical complete remission. The patient remained on study with no evidence of disease after more than 24 months. The second patient attained 90% resolution of target lung lesions following two cycles of TK216 plus vincristine, then achieved a CR after six cycles of therapy. This patient also remained on study disease-free after more than 14 months, treated with TK216 alone following cycle 5. At the RP2D, the objective response rate was 9.7%, including one patient with an unconfirmed partial response. Eleven patients had stable disease, for a disease control rate of 45.2%. The median progression-free survival for patients treated at the RP2D was 1.9 months, with an encouraging tail of extended PFS for some patients. Updated safety data showed that TK216 at the RP2D has been generally well tolerated, with frequent side effects including myelosuppression, fatigue, and alopecia. No unexpected off-target toxicities or deaths related to TK216 toxicity have been observed."
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PFE BNTX | Hot Stocks17:54 EDT FDA clears thawed Pfizer, BioNTech COVID vaccine to be stored for up to 1 month - Based on a review of recent data submitted by Pfizer (PFE), the U.S. FDA is authorizing undiluted, thawed Pfizer-BioNTech (BNTX) COVID-19 vaccine vials to be stored in the refrigerator at 2 degrees C to 8 degrees C (35 degrees F to 46 degrees F) for up to 1 month. Previously, thawed, undiluted vaccine vials could be stored in the refrigerator for up to 5 days. Reference Link
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SBLK | Hot Stocks17:28 EDT Star Bulk Carriers initiates quarterly dividend of 30c per share - The company states: "The Board of Directors has amended the company's dividend policy to substantially increase return of capital to our shareholders. As a result, the company will be paying a dividend for Q1 of 30c / share for the first quarter."
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NC | Hot Stocks17:24 EDT Nacco Industries increases regular cash dividend to 19.75c per share - Nacco Industries increased its regular cash dividend from 19.25c to 19.75c per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid June 15 to stockholders of record at the close of business on June 1.
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AAPL | Hot Stocks17:20 EDT Apple previews 'powerful' software updates designed for people with disabilities - Earlier on Wednesday, Apple disclosed a variety of new and updated features for people with disabilities. The company said in part: "Apple today announced powerful software features designed for people with mobility, vision, hearing, and cognitive disabilities. These next-generation technologies showcase Apple's belief that accessibility is a human right and advance the company's long history of delivering industry-leading features that make Apple products customizable for all users. Later this year, with software updates across all of Apple's operating systems, people with limb differences will be able to navigate Apple Watch using AssistiveTouch; iPad will support third-party eye-tracking hardware for easier control; and for blind and low vision communities, Apple's industry-leading VoiceOver screen reader will get even smarter using on-device intelligence to explore objects within images. In support of neurodiversity, Apple is introducing new background sounds to help minimize distractions, and for those who are deaf or hard of hearing, Made for iPhone (MFi) will soon support new bi-directional hearing aids. Apple is also launching a new service on Thursday, May 20, called SignTime. This enables customers to communicate with AppleCare and Retail Customer Care by using American Sign Language (ASL) in the US, British Sign Language (BSL) in the UK, or French Sign Language (LSF) in France, right in their web browsers. Customers visiting Apple Store locations can also use SignTime to remotely access a sign language interpreter without booking ahead of time. SignTime will initially launch in the US, UK, and France, with plans to expand to additional countries in the future." Reference Link
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STRO | Hot Stocks17:20 EDT Sutro Biopharma to present ph1 study data of STRO-002 at ASCO - Sutro Biopharma "announced additional data from the company's dose-escalation cohort of the Phase 1 study of STRO-002, a folate receptor alpha targeting antibody-drug conjugate for patients with advanced, progressive ovarian cancer; the data will also be presented as a poster at the American Society of Clinical Oncology 2021 Annual Meeting to be held on June 4-8, 2021. Of the 31 patients evaluable for RECIST, 10 patients met criteria for response. One patient achieved a complete response and nine patients achieved a partial response. Of the nine PRs, four were confirmed PRs and five were unconfirmed PRs".
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AFG | Hot Stocks17:18 EDT American Financial Group intends to pay special dividend of $12.00-$14.00 - American Financial Group announced that it intends to pay a special, one-time cash dividend of $12.00-$14.00 per share of American Financial Group Common Stock soon after the closing of the sale of its Annuity business to Massachusetts Mutual Life Insurance Company. The dividend is subject to AFG Board of Directors' approval. AFG expects to receive total after-tax cash sale proceeds of $3.4B. The sale is expected to close in the second quarter.
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BPMC | Hot Stocks17:17 EDT Blueprint Medicines to present ARROW trial data demonstrating GAVRETO benefits - The company states: "Blueprint Medicines announced the presentation of updated Phase 1/2 ARROW trial data demonstrating durable clinical benefits of GAVRETO in metastatic RET fusion-positive non-small cell lung cancer and other advanced solid tumors. GAVRETO showed high response rates in treatment-naive patients with RET fusion-positive NSCLC, clinical activity across a number of RET fusion-positive tumor types and a safety profile consistent with previously reported results. These data will be presented during the 2021 American Society of Clinical Oncology Annual Meeting, June 4-8."
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SGEN ALPMY | Hot Stocks17:15 EDT Seagen and Astellas Pharma update results from trials of Padcev - Seagen (SGEN) and Astellas Pharma (ALPMY) announced updated results from two clinical trials examining Padcev alone and Padcev in combination with Merck's Keytruda in patients with locally advanced or metastatic urothelial cancer who are not able to receive cisplatin chemotherapy. An updated analysis of EV-201 Cohort 2. Patients in Cohort 2 of EV-201 received prior treatment with an immunotherapy but had not received a platinum-containing chemotherapy in the locally advanced or metastatic setting and were ineligible for cisplatin chemotherapy. With a median follow-up of 16 months, 51% of patients who received Padcev had a confirmed objective response per blinded independent central review - the primary endpoint -, with 22% of patients experiencing a complete response. Median duration of response was 13.8 months. Patients lived a median of 6.7 months without cancer progression and had a median overall survival of 16.1 months. The most common all-grade treatment-related adverse events were alopecia - 51% -, peripheral sensory neuropathy - 49% - and fatigue - 34% -. Study EV-103: in the dose-escalation cohort and expansion Cohort A in EV-103, patients were treated with a combination of Padcev and the anti-PD-1 therapy Keytruda as a first-line treatment for locally advanced or metastatic disease. Longer-term analysis demonstrated a safety profile generally consistent with previous findings with no new safety signals observed. The most common TRAEs were peripheral sensory neuropathy - 55.6% - , fatigue - 51.1% - and alopecia - 48.9% -. Results demonstrated an objective response rate of 73.3% per investigator assessment, with 15.6% of patients experiencing a CR. The FDA granted Breakthrough Therapy designation last year for the combination for patients with unresectable locally advanced or metastatic urothelial cancer who are unable to receive cisplatin-based chemotherapy in the first-line setting.
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AMGN | Hot Stocks17:11 EDT Amgen to showcase new data from oncology portfolio at ASCO - The company states: "Amgen announced that new data from its expanding oncology pipeline and marketed portfolio will be presented during the 2021 American Society of Clinical Oncology Annual Meeting taking place virtually from June 4-8, 2021. Overall survival data from the Phase 2 CodeBreaK 100 trial of LUMAKRAS, a potentially first-in-class KRASG12C inhibitor in non-small cell lung cancer will be presented for the first time alongside additional exploratory biomarker subgroup analyses in an oral presentation on Friday, June 4, 2021. Updated data for investigational bemarituzumab in combination with chemotherapy from the Phase 2 FIGHT trial will also be shared in an oral presentation on Friday, June 4, 2021, in patients with FGFR2b+ advanced gastric and gastroesophageal junction adenocarcinoma."
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BMY | Hot Stocks17:09 EDT Bristol-Myers data show inhibiting LAG-3 with PD-1 helps improve outcomes - Bristol Myers Squibb announced results from the Phase 2/3 RELATIVITY-047 trial, which showed that the fixed-dose combination of relatlimab, a LAG-3-blocking antibody, and nivolumab, administered as a single infusion, demonstrated a statistically significant and clinically meaningful progression-free survival benefit compared to Opdivo, nivolumab, alone in patients with previously untreated metastatic or unresectable melanoma. This is the first regimen to demonstrate a statistical benefit over anti-PD-1 monotherapy in metastatic melanoma. Among patients treated with the combination, the median PFS ,mPFS, was significantly longer at 10.12 months (95% Confidence Interval vs. 4.63 in those who received Opdivo. The PFS benefit of the fixed-dose combination was observed early, at the time of the first scan, and was consistent over time. In exploratory, descriptive analyses, the combination of relatlimab and nivolumab extended PFS regardless of pre-specified subgroups and stratification factors. "LAG-3 represents a new immunotherapy target and the results of the RELATIVITY-047 study demonstrated the significant benefit of inhibiting both LAG-3 and PD-1 with the novel combination of relatlimab and nivolumab," said Dr. F. Stephen Hodi, M.D., director of the Melanoma Center and the Center for Immuno-Oncology at Dana-Farber Cancer Institute. "With the observed efficacy and safety profile, the combination with relatlimab may provide an important new treatment option for patients with metastatic melanoma." The safety profile of the fixed-dose combination of relatlimab and nivolumab was manageable and consistent with those previously reported for relatlimab and nivolumab. No new safety signals or new types of clinically important events were identified with the fixed-dose combination when compared to Opdivo monotherapy. Grade 3/4 drug-related adverse events were 18.9% in the combination arm compared to 9.7% in the Opdivo arm. Drug-related adverse events leading to discontinuation were 14.6% in the combination arm compared to 6.7% in the Opdivo arm. L
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ADXS | Hot Stocks17:09 EDT Advaxis announces update from ADXS-503 study - Advaxis announced updated data from the company's ongoing Phase 1/2 study evaluating ADXS-503 in combination with Keytruda which will be presented as a poster at the American Society of Clinical Oncology, or ASCO. ADXS-503 is the first drug construct from the ADXS-HOT off-the-shelf, cancer-type specific, immunotherapy program which leverages Advaxis' proprietary Lm technology platform to target hotspot mutations that commonly occur in specific cancer types as well as other proprietary, tumor-associated antigens. Ten patients have been treated with ADXS-503 as an add on therapy to patients failing pembrolizumab as last therapy with 10 patients evaluable for safety and nine patients evaluable for efficacy. Combination therapy was well tolerated with no DLTS or added toxicity of the two drugs. Grade 1 and 2, transient and reversible events included chills, fever, fatigue, in approximately half of the patients. The disease control rate was 44%. Clinical benefit was durable, with an observed partial response, or PR, and stable disease (SD) sustained for over a year, and another observed SD lasting over six months. An additional PR was maintained for approximately four months. Biomarker data demonstrate that patients who seem to achieve clinical benefit include those with PD-L1 expression =50%, secondary resistance disease to pembrolizumab and those who show proliferation and/or activation of NK and CD8+ T cells within the first weeks of therapy. Translational studies show: Antitumoral T-cell responses elicited against hot-spot mutation antigens and/or tumor associated antigens. Emergence of naive CD8+ Tcell clones, suggesting reactivity against novel antigens. Induction of proliferation and/or activation of pre-existing CD8+ T-cell clones, including PD-1 upregulation. Enrollment in Part B of the ongoing study will continue to further evaluate the clinical benefit and immune effects of adding on ADXS-503 to patients progressing on pembrolizumab. The Phase 1/2 clinical trial of ADXS-503 is seeking to establish the recommended dose, safety, tolerability and clinical activity of ADXS-503 administered alone and in combination with a Keytruda in approximately 50 patients with NSCLC, in at least five sites across the U.S. The two dose levels with monotherapy in Part A have been completed. Part B with ADXS-503 in combination with Keytruda is currently enrolling its efficacy expansion for up to 18 patients at dose level 1 with the potential to proceed to dose level 2 at a later date. Part C, which is evaluating ADXS-503 in combination with Keytruda as a first line treatment for patients with NSCLC with PD-L1 expression is 1% or who are unfit for chemotherapy is currently enrolling patients.
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AZN | Hot Stocks17:09 EDT AstraZeneca to present update on ph3 trial of LYNPARZA in early breast cancer - The company states: "AstraZeneca will present new data underscoring its ambition to redefine cancer care at the American Society of Clinical Oncology Annual Meeting, June 4 to 8, 2021. More than 100 abstracts will feature 21 approved and potential new medicines across the company's industry-leading oncology portfolio, with four abstracts selected as late-breakers, 12 oral presentations and one plenary presentation. A plenary presentation of results from the OlympiA Phase III trial in early breast cancer will highlight the impact of LYNPARZA on the risk of disease recurrence versus placebo in the adjuvant treatment of patients with germline BRCA-mutated high-risk human epidermal growth factor receptor 2-negative early breast cancer. LYNPARZA is the first PARP inhibitor to demonstrate clinical benefit as an adjuvant treatment in early breast cancer. In February 2021, the trial's Independent Data Monitoring Committee recommended moving to early primary analysis based on a planned interim analysis showing a sustainable and clinically relevant treatment effect in the primary endpoint of invasive disease-free survival. Five-year overall survival data from the PACIFIC Phase III trial will continue to support the unprecedented and sustained survival benefits of IMFINZI for patients with unresectable, Stage III non-small cell lung cancer who have not progressed following concurrent chemoradiation therapy. These data represent the longest-ever survival reported in a Phase III trial of immunotherapy in this treatment setting."
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VCYT | Hot Stocks17:08 EDT Veracyte announces pivotal clinical validation data for nasal swab test - Veracyte announced pivotal clinical validation data showing that the company's noninvasive nasal swab test can significantly improve the early assessment of lung cancer. The new findings show that the Percepta Nasal Swab, a first-of-its-kind genomic test, accurately classifies lung cancer risk in current or former smokers with lung nodules so that those with benign nodules may safely avoid unnecessary additional procedures, while those with likely cancerous nodules may receive more timely diagnosis and treatment. The findings will be presented June 4 at the American Society of Clinical Oncology, ASCO, Annual Meeting. "Lung nodules are often the first sign of lung cancer and cannot be ignored, yet most of them are benign," said Carla R. Lamb, M.D., interventional pulmonologist at Lahey Hospital & Medical Center in Burlington, Mass., who was an investigator on the nasal classifier study. "Today, physicians have limited objective tools to determine which patients with lung nodules found on CT scans have cancer and which don't. Our findings showed that the nasal swab test can determine, with a high level of accuracy, which patients are at low risk of cancer and can avoid invasive procedures. Similarly, it can identify which patients are at high risk and may be confidently directed to further work-up and, potentially, to the treatment they need. An objective tool that can accurately inform these decisions could be a game-changer for early lung cancer assessment."
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ADAG | Hot Stocks17:08 EDT Adagene presents clinical data from NEObody program - Adagene announced clinical data from its ADG106 NEObody program. Results from Phase I, open-label, dose-escalation, single center and multicenter studies of ADG106 in subjects with advanced or metastatic solid tumors and/or relapsed/refractory non-Hodgkin lymphoma were presented in an abstract at the American Society of Clinical Oncology 2021 Annual Meeting. In these Phase I trials, ADG106 monotherapy exhibited a favorable safety profile and demonstrated promising clinical efficacy in biomarker positive patients. ADG106 is a fully human, ligand-blocking, agonistic anti-CD137 IgG4 antibody engineered using Adagene's proprietary NEObody platform technology. "We are very pleased with the original finding of a predictive biomarker for our anti-CD137 agonist and its association with tumor shrinkage," said Peter Luo, Ph.D., Co-founder, Chief Executive Officer and Chairman of Adagene. "ADG106 has been well tolerated in dose escalation and extensive expansion cohorts at dosage of up to 5 mg/kg, which exceeds that of other anti-CD137 agonists. Further, this clinical data demonstrates the power of our proprietary NEObody platform designed to generate antibodies with novel mechanisms of action by targeting unique and highly conserved epitopes. We believe these results, together with analyses of PK and PD data from around 100 patient population, support the recommended dose regimen for ongoing clinical development of ADG106 as monotherapy and in combination with anti-PD-1 and other therapies. We look forward to multiple upcoming studies as we continue to advance our ADG106 clinical program."
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RCUS | Hot Stocks17:06 EDT Arcus presents early data from ARC-6 Phase 1b/2 study - Arcus Biosciences announced initial efficacy and safety data from one of the cohorts in ARC-6, a randomized Phase 1b/2 platform study, evaluating the novel combination of etrumadenant plus zimberelimab and docetaxel in people with taxane-naive mCRPC who progressed following treatment with one or more new hormonal agents and were checkpoint inhibitor-naive. In this Phase 1b cohort of the etrumadenant-based combination, a composite ORR of 41% and a PSA response of 35% were observed. The safety profile was consistent with the known profiles of each individual agent, and no significant additive toxicity was observed with the addition of etrumadenant. These data will be presented in a poster session at the American Society of Clinical Oncology Annual Meeting taking place June 4-8. "We are encouraged by these early data that indicate the etrumadenant-based combination is well tolerated and demonstrates promising clinical activity in people with advanced disease who progressed on prior treatments," said Bill Grossman, M.D., Ph.D., Chief Medical Officer of Arcus. "Based on these data, we have initiated enrollment into the randomized Phase 2 portion of this arm in the ARC-6 platform study, which compares the etrumadenant-based regimen to standard of care." "Prostate tumors produce high levels of adenosine, which is believed to be immunosuppressive," said Sumit K. Subudhi, M.D., Ph.D., Department of Genitourinary Medical Oncology, Division of Cancer Medicine at the University of Texas, M.D. Anderson Cancer Center. "I am encouraged by the early evidence of clinical response and composite ORR of 41% observed in this study cohort, indicating adenosine receptor blockade with an etrumadenant-based combination may have a role in the treatment of prostate cancer."
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CSCO | Hot Stocks17:05 EDT Cisco says supply chain issues resulted in additional costs in Q3 - Expects supply chain challenges to persist through the year. Says has locked in pricing, supply of components. Says decided to protect customer orders in supply agreements. Says chose short-term pain to satisfy customer demand. Says will consider price hikes if supply constraints continue. Comments taken from Q3 earnings conference call.
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AVEO | Hot Stocks17:05 EDT Aveo Pharmaceuticals jumps over 6% to $7.30 after tivozanib phase 3 update
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IOVA | Hot Stocks17:05 EDT Iovance announces additional clinical data for lifileucel - Iovance Biotherapeutics announced additional clinical data for lifileucel alone and in combination with pembrolizumab in patients with advanced melanoma. The data are available in two ASCO abstracts, with additional updates to be provided at the upcoming ASCO 2021 Annual Meeting, to be held June 4-8, 2021. Maria Fardis, Ph.D., President and Chief Executive Officer of Iovance Biotherapeutics, stated, "We are very excited that our latest clinical datasets demonstrate the broad potential for lifileucel in advanced melanoma. For the first time we are reporting results for lifileucel as an earlier treatment for advanced melanoma in combination with pembrolizumab, demonstrating an overall response rate (ORR) of 86% in patients who are naive to anti-PD-1 therapy. We are impressed with the results for this combination regimen, particularly since pembrolizumab alone demonstrated a 33% ORR in a comparable patient population. In addition, in a post-PD1 advanced melanoma patient population in Cohort 2 in the C-144-01 study, shorter duration of prior anti-PD-1 therapy maximizes Duration of Response (DOR) to lifileucel treatment." Early data suggest the response rate of lifileucel plus pembrolizumab may be additive in patients with immune checkpoint inhibitor (ICI)-naive advanced melanoma. Cohort 1A in the IOV-COM-202 study is evaluating lifileucel in combination with pembrolizumab in up to 12 patients who are naive to ICI, or anti-PD-1, therapy. Six of the initial seven patients had a confirmed objective response, representing an 86% ORR (1 Complete Response (CR) and 5 Partial Responses (PR), with one best response of stable disease (abstract data extraction: February 2021). The longest duration of response was 16.8 months.
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ADAP | Hot Stocks17:05 EDT Adaptimmune reports initial data from Phase 2 SPEARHEAD-1 trial - Adaptimmune Therapeutics will report initial data from its Phase 2 SPEARHEAD-1 trial, with afamitresgene autoleucel at ASCO. "Patients are seeing substantial benefit from afami-cel in SPEARHEAD-1 across a broad range of cell doses and levels of MAGE-A4 expression," said Adrian Rawcliffe, Adaptimmune CEO. "We have shown a high response rate and these responses are still evolving in many patients with increasing depths of response over time and encouraging durability. I am confident that SPEARHEAD-1 will support our BLA submission next year and offer a life-changing treatment for people with synovial sarcoma."
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AVEO | Hot Stocks17:05 EDT Aveo Pharmaceuticals' ph3 study of FOTIVDA saw higher durability of response - The company states: "AVEO Oncology announced the presentation of additional data from the Phase 3 TIVO-3 study comparing FOTIVDA to sorafenib in relapsed or refractory advanced renal cell carcinoma following two or more prior systemic therapies. The data, which includes updated durability of response, or DOR, and overall survival results, as well as an analysis of treatment-emergent adverse events across study arms, will be featured in two poster presentations at the 2021 American Society of Clinical Oncology (ASCO) Annual Meeting being held June 4-8 in a virtual setting. FOTIVDA, AVEO's oral, next-generation vascular endothelial growth factor tyrosine kinase inhibitor, is approved by the U.S. Food and Drug Administration for the treatment of adults with relapsed or refractory advanced RCC following two or more prior systemic therapies. Tivozanib demonstrated clinically meaningful and statistically significant improvements in overall response rate and DOR compared to sorafenib in 350 patients randomized 1:1 with highly relapsed or refractory RCC. As of a January 15, 2021 data cutoff date, the median DOR for patients treated with tivozanib was 20.3 months compared to 9.0 months for patients treated with sorafenib. The ORR for patients treated with tivozanib was 23% compared to 11% for patients treated with sorafenib. Furthermore, long-term OS relative to sorafenib continues to improve. The OS HR assesses the relative risk of death for the entirety of the data set."
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SNSE | Hot Stocks17:04 EDT Sensei Biotherapeutics announces new clinical data from combo trial of SNS-301 - Sensei Biotherapeutics announced new data from the ongoing Phase 1/2 clinical trial of SNS-301, an investigational medicine in patients with advanced squamous cell carcinoma of the head and neck, in combination with pembrolizumab. The data will be presented as a poster by Alain Algazi, M.D., from the University of California San Francisco to the medical community at the 2021 American Society of Clinical Oncology Annual Meeting, taking place virtually June 4 - 8, 2021. As of the April 14, 2021 cut-off date, 21 patients with locally advanced unresectable or metastatic SCCHN had been enrolled and treated in the study. Twenty of the patients enrolled did not achieve an objective response to prior treatment with PD-1 blockade and one patient was PD-1 blockade naive. The safety profile of SNS-301 in combination with pembrolizumab observed from 20 evaluable patients was favorable and consistent with previously reported data. Efficacy data was available from twelve patients in Cohort A. Notably, the efficacy bar was set high by enrolling patients with no objective response to prior PD-1 blockade. Data from nine evaluable patients from Cohort A were last reported from this study at the Society for Immunotherapy of Cancer's 35th Annual Meeting. "These data suggest SNS-301, when combined with PD-1 blockade, has the potential to provide long-term benefit as second and later line treatment for patients with late-stage cancer and few other treatment options," said Marie-Louise Fjallskog, M.D., Ph.D., Chief Medical Officer of Sensei Biotherapeutics. "We expect to report more mature data, including data for SNS-301 combination therapy in the frontline setting, by the end of this year."
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ALLO | Hot Stocks17:02 EDT Allogene Therapeutics announces results from ALLO-501, ALLO-501A studies - Allogene Therapeutics will discuss progress on its AlloCAR T platform during the virtual CD19 Forum. The Forum will include results from Phase 1 ALPHA, or ALLO-501, and ALPHA2, or ALLO-501A, trials in relapsed/refractory non-Hodgkin lymphoma, or NHL, developed in collaboration with Servier, as well as safety, pharmacokinetic, or PK, and pharmacodynamic, or PD, data from ALLO-647. ALLO-647 is part of the company's differentiated lymphodepletion regimen. The Forum will also discuss the Company's approach for optimizing the benefits of its allogeneic CAR T therapy platform and the potential role of AlloCAR T therapy in NHL based upon views from clinical trial investigators and early market research. These data will also be featured in poster presentations at the 2021 American Society of Clinical Oncology, or ASCO, annual meeting being held virtually June 4 - 8. ALLO-501 ALPHA trial produced durable complete responses, or CR, with longest ongoing CR at 15 Months in both Large B Cell Lymphoma, or LBCL, and Follicular Lymphoma, or FL, Overall response rate, or ORR, of 75% and CR Rate of 50% across histologies in CAR T Naive patients, on par with data from pivotal trials of autologous CAR T therapies. Six month CR Rate of 36% with one time treatment in CAR T naive patients with LBCL. Overall, 98% of enrolled patients received ALLO-501 with a median time of five days from enrollment to start of therapy. Interim Phase 1 ALPHA2 data demonstrated a comparable efficacy and safety profile for ALLO-501A relative to ALLO-501. Consolidation dosing was well tolerated and shows early promise with four patients converting from partial response, or PR, to CR following second dose of ALLO-501 or ALLO-501A. No dose limiting toxicities or Graft-vs-Host Disease; Limited Immune Effector Cell-Associated Neurotoxicity Syndrome and Cytokine Release Syndrome. Safety and PK/PD data of ALLO-647 with Flu/Cy Across ALPHA, ALPHA2 and UNIVERSAL trials demonstrated manageable safety profile; exposure-dependent deep lymphodepletion correlated with AlloCAR T cell expansion and clinical responses. The initiation of a pivotal trial of ALLO-501A is planned for late 2021.
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BDTX | Hot Stocks17:02 EDT Black Diamond Therapeutics presents Phase 1 data for BDTX-189 - Black Diamond Therapeutics announced initial data from the Phase 1 dose-escalation portion of the MasterKey-01 trial of BDTX-189 in patients with advanced solid tumors harboring any one of more than 48 oncogenic alterations in the epidermal growth factor receptor, EGFR, and human epidermal growth factor receptor 2, HER2, oncogenes. These data provide early proof-of-concept for BDTX-189, including evidence of anti-cancer activity and a safety profile that is in-line with the company's preclinical expectations. The data announced will be presented in poster presentations at the upcoming 2021 ASCO Annual Meeting, taking place June 4-8. "These encouraging Phase 1 safety and anti-cancer activity data provide early proof-of-concept for BDTX-189 as a differentiated MasterKey inhibitor of undrugged oncogenic mutants of EGFR, including EGFR Exon 20 insertion mutations and oncogenic mutants of HER2," said Rachel Humphrey, M.D., Chief Medical Officer of Black Diamond Therapeutics. "We look forward to the continued advancement of BDTX-189 through clinical development and remain on track to initiate the potentially pivotal Phase 2 portion of the MasterKey-01 trial in the second half of 2021."
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RHHBY | Hot Stocks17:02 EDT Genentech announces interim results from Phase III IMpower010 study - Genentech, a member of the Roche Group, announced interim results from the Phase III IMpower010 study, showing for the first time that treatment with Tecentriq following surgery and chemotherapy reduced the risk of disease recurrence or death by 34% in people with Stage II-IIIA non-small cell lung cancer, whose tumors express PD-L1greater than or equal to1%, compared with best supportive care. In this population, median DFS was not yet reached for Tecentriq compared with 35.3 months for BSC. In the larger population of all randomized Stage II-IIIA study participants, Tecentriq reduced the risk of disease recurrence or death by 21% after a median follow-up of 32.2 months. In this population, Tecentriq increased DFS by a median of seven months. Safety data for Tecentriq were consistent with its known safety profile and no new safety signals were identified. The full results of IMpower010 will be presented in the lung cancer oral abstract session on Sunday, June 6 at the 2021 ASCO Annual Meeting. "These landmark Phase III data demonstrate for the first time that cancer immunotherapy can bring a clinically meaningful improvement to certain people with early lung cancer in the adjuvant setting," said Levi Garraway, M.D., Ph.D., chief medical officer and head of Global Product Development. "These results lay the groundwork for a new approach to the treatment of early-stage lung cancer and bring us closer to our goal of providing an effective and tailored treatment option for every person diagnosed with this disease."
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EEFT PGUCY | Hot Stocks17:01 EDT Euronet enters joint venture with Prosegur Cash - Euronet Worldwide (EEFT) and Prosegur Cash (PGUCY) announces an "alliance between both parties through the establishment of a joint venture to provide comprehensive ATM outsourcing services and to own and deploy independent ATMs in the majority of the countries of Latin America. The implementation of the alliance in the different countries is subject, among others, to obtaining the relevant authorizations from regulators, including, in particular, relevant antitrust authorizations. The joint venture will leverage Euronet's REN and REV payments technologies such as its cloud-based processing and connections to domestic switches and bank hosts for authorizations."
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WCC | Hot Stocks16:54 EDT Wesco director Raymund sells over 8,000 common shares - In a regulatory filing, Wesco International director Steven Raymund disclosed the sale of 7,063 common shares of the company on May 17 at a price of $108.17 per share.
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HBB | Hot Stocks16:49 EDT Hamilton Beach raises quarterly dividend 5% to 10c from 9.5c per share - The dividend is payable on both the Class A and Class B Common Stock and will be paid June 15 to stockholders of record at the close of business on June 1.
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PLUG | Hot Stocks16:48 EDT Plug Power receives expected Nasdaq listing notice - Plug Power announced that the company received an expected letter dated May 18, 2021 from the Nasdaq Listing Qualifications Department indicating that, based upon the company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 with the U.S. Securities and Exchange Commission, the company did not satisfy Nasdaq Listing Rule 5250(c)(1), which requires issuers to timely file periodic reports with the SEC. The Nasdaq notification letter has no immediate effect on the listing or trading of Plug Power's common stock on the Nasdaq Capital Market.
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DPZ | Hot Stocks16:42 EDT Domino's Pizza CFO that Stuart Levy to step down - Domino's Pizza announced that Stuart Levy will be leaving the company to pursue other opportunities. While he is stepping down from his role as Executive Vice President and CFO effective immediately, Levy will continue with the company in an advisory capacity until August 31 to ensure a smooth transition. The company has commenced a search for the next CFO with the assistance of Heidrick & Struggles. Effective immediately, Ritch Allison, Domino's CEO, will assume oversight of a newly established Office of the CFO comprised of Ryan Goers, Vice President, Finance, Global Financial Planning and Analysis; Juan Jose Joachin, Vice President, Finance Operations; and Jessica L. Parrish Vice President, Corporate Controller and Treasurer until the new CFO is in place. Levy's departure did not result from any disagreement regarding the company's financial reporting or accounting policies, procedures, estimates, or judgments.
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RMBI | Hot Stocks16:39 EDT Richmond Mutual Bancorp authorizes third stock repurchase program - Richmond Mutual Bancorp approved a third stock repurchase program under which the company may repurchase up to 1,263,841 shares or approximately 10% of its outstanding shares. The third stock repurchase program will commence upon completion of the prior stock repurchase program, with shares to be purchased from time to time over a twelve-month period, depending upon market conditions. To date, the company has repurchased 423,944 of the 664,969 shares of company common stock authorized for repurchase pursuant to its previously announced stock repurchase program, with the remaining shares expected to be repurchased in the near future.
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NVVE | Hot Stocks16:35 EDT Nuvve Holding, Spirii announce agreement to deploy VGI technology in Denmark - Nuvve Holding and Spirii have agreed to deploy vehicle-grid integration, or VGI, technology in Denmark, the Nordics, and Northern Europe. The agreement will allow integration of both company's platforms to provide V1G grid services and V2G customer offers for electric vehicle, or EV, fleets. VGI encompasses both V1G and V2G charging to offer a range of opportunities made possible by Nuvve's GIVe V2G cloud-based software platform to meet various customer needs. The Nuvve operations in Denmark have been a pioneering center for V2G operations in Europe with multiple EV fleets. Over the last four years, Nuvve has provided frequency regulation for Energinet, the Danish grid system operator, based on the Nuvve GIVe V2G software platform which complements the high percentage of offshore wind generation. Other services such as smart charging services and tariff management ensure that V2G always provides fleets with the lowest operational costs. Nuvve has established strong local relationships in the region with Technical University of Denmark and others from participation in local projects like Nikola, Parker, and ACES which demonstrated the capabilities and advantages of bidirectional V2G charging since 2013.
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ITIC | Hot Stocks16:32 EDT Investors Title Company raises quarterly dividend to 46c from 44c per share - Payable June 30 to shareholders of record on June 15.
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WNW | Hot Stocks16:31 EDT Wunong Net Technology discloses Nasdaq notice of listing non-compliance - Wunong Net Technology announced that it "received written notification on May 18, 2021, from The Nasdaq Stock Market LLC that it no longer complies with Listing Rule 5250(c)(1) for continued listing in that it has failed to file its annual report on Form 20-F for the year ended December 31, 2020. Under the Nasdaq Rules, the company has 60 calendar days to submit a plan to regain compliance. If its plan is accepted, the company will be granted an extension of up to 180 calendar days from the filing's due date to regain compliance."
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VAL WTI | Hot Stocks16:31 EDT Valaris announces jackup contract award with W&T Offshore - Valaris Limited (VAL) announced that it has been awarded a contract of approximately 45 days with W&T Offshore (WTI) in the U.S. Gulf of Mexico for VALARIS JU-117, a heavy-duty modern jackup. The contract is anticipated to begin in July 2021.
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COR | Hot Stocks16:30 EDT CoreSite Realty raises quarterly dividend to $1.27 from $1.23 per share - The dividend will be paid on July 15 to shareholders of record as of June 30.
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ARTNA | Hot Stocks16:25 EDT Artesian Resources names Pierre Anderson chief information officer - The board of Artesian Resources announced that Pierre Anderson was named chief information officer and senior VP, effective May 5. Anderson joined Artesian in 2006 as manager of information technology, and was promoted to Director in 2008. In his new role, Anderson will continue to oversee technology management and cybersecurity, along with leading corporate strategic planning. Anderson came to the company after serving as the manager of project and support services for Christina School District.
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KRNY | Hot Stocks16:23 EDT Kearny Financial boosts dividend to 10c per share - Kearny Financial announced that the Company's Board of Directors has declared a quarterly cash dividend of 10c per share. This represents an increase of 1c from the prior quarter's dividend of 9c per share.
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LGF.A... | Hot Stocks16:22 EDT Lionsgate says Discovery's Zaslav to resign from board - In a regulatory filing, Lions Gate Entertainment (LGF.A) disclosed that on May 19 David Zaslav notified the board of directors of Lions Gate that he will resign from the board, effective immediately. "Zaslav's resignation is not the result of any disagreement with the company on any matter relating to its operations, policies or practices," Lions Gate stated. Earlier this week, Discovery (DISCA, DISCB, DISCK) announced a definitive agreement to combine with AT&T's (T) WarnerMedia assets to create a standalone global entertainment company. Zaslav is Discovery's CEO.
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CET | Hot Stocks16:22 EDT Central Securities announces Wilmot Kidd to step down as CEO - At a board meeting today, Wilmot H. Kidd announced that he will step down as CEO of Central Securities as of December 31, 2021. He will continue to serve the Corporation as Chairman of the Board of Directors. Today, in addition to his position as President, Mr. John C. Hill was unanimously elected to succeed Mr. Kidd as Chief Executive Officer effective January 1, 2022. Mr. Hill was also elected to the Corporation's Board of Directors effective today.
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LB | Hot Stocks16:20 EDT L Brands announces CFOs for Bath & Body Works and Victoria's Secret standalones - L Brands announced the appointment of Chief Financial Officers for the standalone Bath & Body Works and Victoria's Secret businesses. Upon the completion of the spin-off of Victoria's Secret, which is targeted to occur in August, Wendy Arlin, currently SVP of Finance and Controller for L Brands, will become Bath & Body Works CFO, and Tim Johnson, previously CFO and Chief Administrative Officer for Big Lots, will become Victoria's Secret CFO. As previously announced, current L Brands CFO Stuart Burgdoerfer will retire at that time. Sarah Nash, chair of L Brands board, said, "We are pleased to announce the appointment of two proven and talented individuals with strong public company expertise to the CFO roles of each standalone business. Wendy is an exceptional and skillful leader who knows our business well and has made significant contributions to the company, having worked closely with the board, Stuart and other senior leaders during her 16 years at L Brands. Tim is an experienced public company CFO with extensive knowledge of the retail industry in addition to having previously spent over eight years with L Brands early in his career. We are confident that Wendy and Tim are the right leaders to help each business deliver profitable growth and enhanced value to our stakeholders." The previously announced plan to separate Bath & Body Works and Victoria's Secret into standalone publicly-listed companies remains on track to be completed in August 2021, subject to certain customary conditions, including final approval of the L Brands Board and effectiveness of a Form 10 registration statement filed with the U.S. Securities and Exchange Commission.
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SLAB | Hot Stocks16:19 EDT Silicon Labs to buy back up to $150M in common stock - The board of Silicon Laboratories authorized a new program to repurchase up to $150M of Silicon Laboratories common stock through December 2021.
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SCVL | Hot Stocks16:17 EDT Shoe Carnival falls over 5% to $59.20 after Q1 results and guidance
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NUVA | Hot Stocks16:12 EDT NuVasive appoints Daniel Wolterman as independent board chair - NuVasive appointed Daniel Wolterman as independent chair of the NuVasive Board of Directors, effective immediately. Wolterman succeeds Gregory Lucier as the company's Board chair, following Lucier's retirement from the Board on May 18. Wolterman joined the company's Board in July 2015 and served as the Board's lead independent director since May 2020. The NuVasive Board of Directors is now comprised of nine directors and includes a group of current and former executives in the healthcare, medical device, and technology sectors. The company will no longer designate a lead independent director of its Board.
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CSCO | Hot Stocks16:12 EDT Cisco drops 5% to $50.00 after Q4 EPS guidance misses estimates
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YMAB | Hot Stocks16:11 EDT Y-mAbs in pact with Adium for DANYELZA, Omburtamab Latin American distribution - Y-mAbs Therapeutics announced that it has entered into an exclusive distribution agreement with Adium Pharma S.A. to be the exclusive distributor in Latin America of the Company's antibodies, DANYELZA for the treatment of patients with relapsed/refractory high-risk neuroblastoma and omburtamab, if approved, for the treatment of pediatric patients with CNS/leptomeningeal metastasis from neuroblastoma. DANYELZA or naxitamab-gqgk, 40mg/10mL was approved by the U.S. Food and Drug Administration on November 25 and is indicated, in combination with granulocyte-macrophage colony-stimulating factor for the treatment of pediatric patients 1 year of age and older and adult patients with relapsed or refractory high-risk neuroblastoma in the bone or bone marrow who have demonstrated a partial response, minor response, or stable disease to prior therapy. The distribution agreement includes the territories of Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and certain Caribbean islands. Under the terms of the agreement, Adium will employ its sales and marketing expertise to distribute DANYELZA and omburtamab, if approved, in the territory. In addition, Adium will submit registration files on behalf of the Company in certain parts of the territory. All other unpartnered geographies worldwide remain with the Company. Financial details were not disclosed."We are very pleased to enter this distribution agreement with Adium, a company with a commercial presence in 18 countries and a sustained oncology and rare disease business. We hope to leverage Adium's footprint in Latin America to make DANYELZA and omburtamab, if approved, available to children with unmet medical needs," said Thomas Gad, founder, Chairman and President at Y-mAbs.
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CSCO | Hot Stocks16:10 EDT Cisco says 81% of software revenue sold as a subscription in Q3 - Up from 76% last quarter. Reports 10% year-over-year total product order growth representing the strongest demand in nearly a decade.
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CSCO | Hot Stocks16:09 EDT Cisco reports Q3 adjusted gross margin 66% - On a non-GAAP basis, total gross margin, product gross margin, and service gross margin were 66.0%, 64.9%, and 68.7%, respectively, as compared with 66.6%, 65.8%, and 68.9%, respectively, in the third quarter of fiscal 2020. Total gross margins by geographic segment were: 66.5% for the Americas, 65.6% for EMEA and 64.7% for APJC.
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CSCO | Hot Stocks16:08 EDT Cisco sees Q4 adjusted gross margin 64%-65% - Sees Q4 adjusted operating margin 32%-33%.
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CSCO | Hot Stocks16:07 EDT Cisco CEO says 'great quarter with strong demand across the business' - "Cisco had a great quarter with strong demand across the business," said Chuck Robbins, chairman and CEO of Cisco. "We are confident in our strategy and our ability to lead the next phase of the recovery as our customers accelerate their adoption of hybrid work, digital transformation, cloud, and continued strong uptake of our subscription-based offerings." "We executed well with strong product orders, and solid growth in revenue, net income, and EPS," said Scott Herren, CFO of Cisco. "Our investments in innovation and accelerated shift to more software offerings and subscriptions led to double-digit growth in deferred revenue, remaining performance obligations and higher levels of recurring revenue."
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SCVL | Hot Stocks16:07 EDT Shoe Carnival to modernize 100 stores by May 2022 - The company states: "No new stores were opened in the first quarter of fiscal 2021 and six stores were closed. The Company expects to open one store and close two additional stores during the remainder of fiscal 2021 compared to a total of four store openings and 13 store closings in fiscal 2020. The Company is currently in the process of modernizing its stores and plans to modernize approximately 100 stores by May 2022, with the goal of modernizing two-thirds of its store fleet in the next three-to-five years. "
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VYGR | Hot Stocks16:05 EDT Voyager Therapeutics CEO Andre Turenne, CMO Omar Khwaja step down - Voyager Therapeutics announced leadership transitions and a strategic shift toward a refocused pipeline and expanded investment in its AAV capsid platform, TRACER. The company expects its TRACER technology platform to enable development of novel gene therapy candidates for serious neurological diseases that have been challenging to address with conventional approaches. Michael Higgins, chairman of the board of directors, will assume the role of interim CEO and Glenn Pierce, board director, will assume the role of interim chief scientific officer, or CSO. Higgins succeeds Andre Turenne, who has decided to step down from his roles as president and CEO and as a board director, effective in early June, to pursue new opportunities. Turenne will support the company in an advisory capacity as the company searches for a permanent CEO. Voyager also announced that Omar Khwaja has resigned from his role as chief medical officer, or CMO, and head of research and development, effective at the end of May. Khwaja will be returning to Europe to pursue a new scientific and clinical leadership opportunity. Higgins has served on Voyager's board of directors since July 2015 and has been chair of the board since June 2019. Pierce has been a member of the board of directors since January 2017. The company's board has commenced a search process to identify a permanent chief executive officer and chief scientific officer.
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YGMZ | Hot Stocks16:01 EDT MingZhu Logistics notified of deficiency in annual report filing by Nasdaq - MingZhu Logistics has received a notice of non-compliance from Nasdaq stating that, as a result of not having timely filed its annual report on Form 20-F for the year ended December 31, 2020, MingZhu is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of Mingzhu's shares on the Nasdaq. The company has 60 calendar days from the date of the notice to submit a plan to regain compliance. If the plan is accepted by Nasdaq, the company can be granted up to 180 calendar days from the Form 20-F's due date, or until November 15, 2021, to regain compliance. MingZhu expects to file its Form 20-F or submit a plan to regain compliance within the timeline prescribed by Nasdaq.
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CPIX | Hot Stocks15:32 EDT Cumberland names John Hamm as new CFO - Cumberland Pharmaceuticals announced that it has promoted John Hamm to Director Finance & Accounting and CFO. In this role, he will manage all of Cumberland's finance and accounting activities while continuing to oversee corporate development and legal matters. Hamm has more than 25 years of finance and accounting experience, including 20 years in health care. He previously served as Cumberland's Director Corporate Development, where he was responsible for business development, alliance management and legal activities. Prior to joining Cumberland in 2019, Hamm served in senior executive positions in the health care, broadcasting and telecom industries. Hamm is the former COO at HealthSpring and CFO for their pharmacy business.
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FYBR | Hot Stocks14:53 EDT Frontier says FTC lawsuit 'without merit,' will present 'vigorous defense' - Frontier Communications responded to a lawsuit filed by the Federal Trade Commission and State officials in Arizona, California, Indiana, Michigan, North Carolina, and Wisconsin claiming that Frontier made material misrepresentations to consumers in descriptions of its digital subscriber line Internet services, stating: "Frontier believes the lawsuit is without merit. The plaintiffs' complaint includes baseless allegations, overstates any possible monetary harm to Frontier's customers and disregards important facts including the following: Frontier offers Internet service in some of the country's most rural areas that often have challenging terrain, are more sparsely populated and are the most difficult to serve; Frontier's rural DSL Internet service was enthusiastically welcomed when it was launched and has retained many satisfied customers over the years; Frontier's DSL Internet speeds have been clearly and accurately articulated, defined and described in the company's marketing materials and disclosures. Frontier will present a vigorous defense."
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GOOG GOOGL | Hot Stocks14:49 EDT Google Maps expands features including new Live View 'busyness' of area - Director of Product, Google Maps Oren Naim wrote earlier, in part: "Today at Google I/O, we're announcing five new updates so you can more easily navigate, explore and get things done. Reduce hard-braking with routing updates... Google Maps will reduce your chances of having hard-braking moments along your drive thanks to help from machine learning and navigation information...Walk this way with enhancements to Live View and detailed street maps.Walk this way with enhancements to Live View and detailed street maps If you're getting around on foot, we've got you covered with augmented reality in Live View. If you're exploring a new neighborhood, you'll be able to access Live View instantly - right from the map...Spot busy areas at a glance.. Google for specific places is expanding ...to show the relative busyness of an entire area, like whether a neighborhood or part of town is busier than usual. If it's Saturday morning and you want to explore your city without crowds bogging you down, open up Maps to instantly see busy hotspots to avoid." Reference Link
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VVPR | Hot Stocks14:45 EDT VivoPower announces proposed $120M Canadian distribution pact for Tembo e-LVs - VivoPower announces that the company and its wholly-owned subsidiary, Tembo e-LV B.V., have entered into a non-binding Heads of Terms with Canadian industrial equipment distributor Acces Industriel Mining for Acces to distribute Tembo electric light vehicles, or "e-LVs," in Canada. Under the proposed agreement, Acces would commit to purchase 1,675 Tembo e-LV conversion kits through December 2026. Based upon the company's estimates, these orders could be worth an estimated $120M in total value over the life of the proposed agreement, with a delivery schedule weighted towards the latter part of the proposed agreement period. The proposed agreement must be finalized prior to June 30, 2021, unless the parties agree to an extension, and all purchase commitments would be subject to the terms and conditions set forth in the final agreement.
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LII | Hot Stocks14:30 EDT Lennox raises quarterly dividend 19% to 92c per share - The board of directors of Lennox International Inc. voted to increase the quarterly cash dividend 19% to 92c per share of common stock. The dividend is payable on July 15, 2021, to stockholders of record as of June 30, 2021.
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CCOI | Hot Stocks14:22 EDT Cogent VP Bubeck sells $373K in company shares - Cogent VP James Bubeck disclosed in a filing that he had sold 5,000 shares of stock at $74.66 per share on May 19, for a total transaction amount of $373,306.
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CNI... | Hot Stocks13:49 EDT North American rail traffic rose 25.6% in week ended May 15, AAR says - The Association of American RailroadS, AAR, reported U.S. rail traffic for the week ending May 15. For this week, total U.S. weekly rail traffic was 533,872 carloads and intermodal units, up 28.3% compared with the same week last year.Total carloads for the week ending May 15 were 242,806 carloads, up 31.6% compared with the same week in 2020, while U.S. weekly intermodal volume was 291,066 containers and trailers, up 25.6% compared to 2020. North American rail volume for the week ending May 15, on 12 reporting U.S., Canadian and Mexican railroads totaled 341,527 carloads, up 29% compared with the same week last year, and 384,770 intermodal units, up 22.7% compared with last year. Total combined weekly rail traffic in North America was 726,297 carloads and intermodal units, up 25.6% . North American rail volume for the first 19 weeks of 2021 was 13,290,858 carloads and intermodal units, up 10.9% compared with 2020. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), Norfolk Southern (NSC) and Union Pacific (UNP). Reference Link
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TRVG | Hot Stocks13:45 EDT Trivago announces multi-year partnership as Training Wear Partner of Chelsea FC - Trivago announced it has joined the "Pride of London" as the Chelsea Football Club's Official Training Wear Partner. "The multi-year partnership between these two international brands, which will begin following the club's final Premier League match, will see trivago feature across the club's training kit for the Men's, Women's, and Academy teams," Trivago said.
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TMCI | Hot Stocks13:39 EDT Treace Medical announces interim results from ALIGN3D study - Treace Medical Concepts announced interim results from the ALIGN3D clinical study in a podium presentation at the ongoing American College of Foot and Ankle Surgeons, or ACFAS, Annual Scientific Conference. Data on the 128 study participants included in the interim analysis demonstrated: Early return to weightbearing in a walking boot at an average of 8.3 days; Significant improvements in radiographic measurements of 3-dimensional bunion correction; 1.4% recurrence rate observed, or 1 out of 72 patients, at 12 months post-surgery; and significant improvements in patient-reported pain reduction and quality of life measurements at 6 months, which were maintained at 12 months post procedure. John Treace, CEO of Treace commented, "The Lapiplasty 3D Bunion Correction system was developed to provide surgeons the tools and surgical methods to reliably correct all 3 dimensions of the bunion deformity and address its root cause. ALIGN3D is a unique and comprehensive 5-year study, and we are pleased to report these positive interim results. We look forward to continuing to build our robust portfolio of clinical evidence, as we advance the standard of care for bunion surgery with our proprietary Lapiplasty procedure."
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FYBR | Hot Stocks13:37 EDT FTC sues Frontier Communications for misrepresenting Internet speeds - The Federal Trade Commission, along with law enforcement agencies from six states, sued Internet service provider Frontier Communications, alleging that the company did not provide many consumers with Internet service at the speeds it promised them, and charged many of them for more expensive and higher-speed service than Frontier actually provided, the FTC announced. "In a complaint, the FTC and its state partners allege that Frontier advertised and sold Internet service in several plans, or tiers, based on download speed. Frontier has touted these tiers using a variety of methods, including mail and online ads, and has sold them to consumers over the phone and online. In reality, the FTC alleges, Frontier did not provide many consumers with the maximum speeds they were promised and the speeds they actually received often fell far short of what was touted in the plans they purchased," the commission stated. Reference Link
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XOM | Hot Stocks13:25 EDT Engine No. 1 issues message to Exxon Mobil shareholders - Engine No. 1, which has nominated four independent director candidates to the Exxon Mobil Corporation Board of Directors, issued a message to ExxonMobil shareholders. The message says in part: "Shareholders have a pivotal decision to make about the future of Exxon Mobil Corporation at next week's annual meeting of shareholders, and we want to make sure that every shareholder has the facts necessary to cast a fully informed vote. We therefore wish to address some important topics in the closing days of this effort, and we encourage shareholders to contact us with any additional questions or concerns if we can be helpful. ExxonMobil has unfortunately attributed a number of quotes or suggestions to us that we never made... In our first letter to the Company on December 7, 2020 listing the qualifications of our nominees, we said that, "We are open to engaging in a constructive dialogue to discuss these individuals before the need arises to nominate them for election to the Board." This was almost two months before the date such nominations were due. In January an advisor to the Company informed us that the Board would not appoint or even meet with any of our nominees but offered to let us sign a confidentiality agreement to learn what the Company planned to announce and get some credit for it. When we asked the Company's CEO and Lead Board Director in our only meeting with them why they would refuse to even meet our nominees, we were told that the Board generally looks for former CEOs of public companies (but still refused to meet with even the 2 who met this criteria). Thereafter, the Board expanded itself after the date such nominations were due, adding 3 people who have not served as public company CEO's. We do not believe this constitutes constructive engagement, nor does gaining the support of one shareholder for adding directors with no energy experience with no shareholder vote in an effort to fight off more meaningful change. None of our nominees have ever been contacted by or spoken to ExxonMobil about potentially joining its Board, before or after we nominated them. We have also been informed that a new member of the Board has privately claimed that we asked him to join our slate; this is also false, as we limited our search to nominees with energy experience."
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T | Hot Stocks13:17 EDT HBO Max ad-supported tier priced at $9.99 per month to launch in June - AT&T's HBO Max announced at today's 2021 WarnerMedia Upfront that it will debut its ad-supported subscription tier the first week of June, "providing consumers choice between the existing ad-free version of HBO Max at $14.99 per month, or an ad-supported experience for $9.99 per month." Subscribers to the ad supported tier of HBO Max will have access to the full HBO Max content catalog, excluding Warner Bros. Same-Day Premiere films debuting in theaters and on HBO Max throughout 2021. HBO Max said it is also scheduled to launch, without ads, in 39 countries across Latin America and the Caribbean in late June, and the HBO-branded streaming services in Europe - the Nordics, Spain, Central Europe, and Portugal- are scheduled to be upgraded to HBO Max later this year. HBO Max also "previewed new ad experiences coming to the platform later this year and shared its immediate commitment to having the lightest ad load in the streaming industry, coupled with the most premium content," the company noted in conjunction with the event. Reference Link
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CCS | Hot Stocks13:11 EDT Century Communities trading resumes
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RYAAY AFLYY | Hot Stocks13:09 EDT EU General Court upholds Ryanair action over annulment of KLM aid decision - The General Court of the European Union upheld an action brought by Ryanair (RYAAY) for annulment of the European Commission's decision to approve Netherlands financial aid for KLM (AFLYY) amid the COVID-19 pandemic on the grounds of inadequate reasoning. The airline Ryanair brought an action for annulment of that decision, which is upheld by the Tenth Chamber of the General Court of the European Union after an expedited procedure, although it suspends the effects of the annulment pending the adoption of a new decision by the Commission. In its judgment, the General Court provides clarification on the scope of the Commission's duty to state reasons when it declares aid granted to the subsidiary of a holding company to be compatible with the internal market, where another subsidiary of the same holding company has already benefited from similar aid. Reference Link
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RYAAY | Hot Stocks13:06 EDT EU General Court upholds Ryanair action for annulment of TAP decision - The General Court of the European Union has upheld an action brought by the airline Ryanair for annulment of a decision related to Portuguese airline TAP, while suspending the effects of the annulment pending the adoption of a new decision by the Commission. In its judgment, the General Court clarifies the scope of the Commission's duty to state reasons where, pursuant to the Guidelines on aid to undertakings in difficulty, it declares aid granted to a company belonging to a group to be compatible with the internal market under Article 107(3)(c) TFEU. In June 2020, Portugal notified the Commission of State aid for the airline Transportes Aereos Portugueses SGPS SA, the parent company and 100% shareholder in TAP Air Portugal. The notified aid, the maximum budget of which is EUR1.2B, concerns a loan agreement concluded between, in particular, Portugal as lender, TAP Air Portugal as borrower and the beneficiary as guarantor. By that measure, Portugal intended to keep the beneficiary in operation for six months, between July 2020 and December 2020. Finding that the notified scheme constituted State aid within the meaning of Article 107(1) TFEU, the Commission appraised it by reference to Article 107(3)(c) TFEU and its Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty. By decision of 10 June 2020, the Commission declared the measure at issue to be compatible with the internal market. Reference Link
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CUB | Hot Stocks13:05 EDT Cubic announces transit digital payment app for Google Pay - Cubic Corporation announced its Cubic Transportation Systems business division and the Metropolitan Transportation Commission launched mobile fare payments on NFC-enabled Android phones. "Through the Google Pay app, or the newly launched Clipper app for Android, riders now have the convenience of a contactless fare payment option and account management on Android phones, eliminating multiple touchpoints throughout the transit riding experience," the company said in a statement. "We want to make everyday things fast and easy with Google Pay," said Alan Stapelberg, product manager, Google Pay. "Commuters using Clipper cards can now use Google Pay as their ticket to ride public transport in the San Francisco Bay Area making commuting stress free."
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WFC... | Hot Stocks13:00 EDT Wells Fargo says cryptocurrencies have evolved into 'viable investment asset' - In a report, Wells Fargo's Investment Institute said that it believes cryptocurrencies have evolved into a viable investment assets, and believes long-term supply and demand trends support further industry growth, the potential for further compression in price volatility, and a possible role as portfolio diversifiers. The firm views digital assets as an alternative investment for qualified investors through a professionally managed fund, though due to the uniqueness, complexity and continued evolution of these assets, it plans to produce a series of reports with a goal of increasing investor education and understanding of cryptocurrencies. Several crucial events in 2020 drew increased mainstream usage in transactions and accelerated the maturation of cryptocurrency markets. First, banks received regulatory permission to custody cryptocurrencies, and the investment industry and regulators took additional steps to extend a legal and oversight framework that should help solidify cryptocurrencies as investable assets. The coronavirus pandemic also played a role by fast-tracking the digital economy, as the return to near-zero interest rates sparked inflation fears and interest in alternative payment systems, according to Wells Fargo. "Cryptocurrencies have gained stability and viability as assets, but the risks lead us to favor investment exposure only for qualified investors, and even then through professionally managed funds," Wells Fargo Investment Institute said. "Such a private placement could serve alongside private equity and debt strategies as the primary means of capturing long-term trends from the emergence of next-era digital technologies and infrastructure. Currently, we offer only private placements, because the Securities and Exchange Commission (SEC) has not yet approved an exchange-traded fund (ETF), although increasing numbers of U.S. financial firms are seeking approval. If, or when, more liquid professionally managed vehicles become available, we will consider them at that time. We expect more availability as the industry and investors come to understand better the trends toward digitization in economic activity and the demand for cryptocurrencies and blockchain technologies." Reference Link
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MSFT | Hot Stocks12:49 EDT Microsoft to retire Internet Explorer desktop app in June 2022 - Microsoft said in a blog post that the future of Internet Explorer on Windows 10 is in Microsoft Edge. "Not only is Microsoft Edge a faster, more secure and more modern browsing experience than Internet Explorer, but it is also able to address a key concern: compatibility for older, legacy websites and applications," the company said. "Microsoft Edge has Internet Explorer mode ("IE mode") built in, so you can access those legacy Internet Explorer-based websites and applications straight from Microsoft Edge. With Microsoft Edge capable of assuming this responsibility and more, the Internet Explorer 11 desktop application will be retired and go out of support on June 15, 2022, for certain versions of Windows 10." Reference Link
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CCS | Hot Stocks12:48 EDT Century Communities initiates quarterly dividend of 15c per share - Century Communities announced that its Board of Directors has approved the initiation of a quarterly cash dividend. The first dividend of 15c per share, or 60c per share on an annualized basis, will be paid on June 16, 2021 to stockholders of record as of the close of business on June 2, 2021. Dale Francescon, Chairman and Co-CEO, stated, "Since becoming a public company seven years ago, we have focused on growing our business and creating long term value for our shareholders. We are pleased with the Board's decision to initiate a quarterly dividend, which reflects our achievements in becoming a larger and more profitable company, strengthening our balance sheet and generating sustainable free cash flows."
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CCS | Hot Stocks12:39 EDT Century Communities trading halted, news pending
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AMD | Hot Stocks12:23 EDT AMD board approves $4B share repurchase program - AMD announced that its Board of Directors approved a new share repurchase program. Under this program, the company intends to repurchase up to $4B of outstanding AMD common stock. AMD expects to fund repurchases through cash generated from operations which have been strengthened by the company's strong operational results. Under this program, the company will repurchase stock in the open market. This repurchase program has no termination date and may be suspended or discontinued at any time.
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IOVA | Hot Stocks12:03 EDT Iovance Biotherapeutics trading resumes
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AMC | Hot Stocks12:00 EDT AMC Entertainment falls -11.2% - AMC Entertainment is down -11.2%, or -$1.57 to $12.46.
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TCS | Hot Stocks12:00 EDT Container Store falls -11.7% - Container Store is down -11.7%, or -$1.53 to $11.57.
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BTCM | Hot Stocks12:00 EDT BIT Mining Limited falls -18.4% - BIT Mining Limited is down -18.4%, or -$2.52 to $11.18.
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ZIM | Hot Stocks12:00 EDT ZIM Integrated rises 8.8% - ZIM Integrated is up 8.8%, or $3.66 to $45.36.
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GBL | Hot Stocks12:00 EDT Gamco Investors rises 8.8% - Gamco Investors is up 8.8%, or $2.34 to $28.96.
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HIMS | Hot Stocks12:00 EDT Hims & Hers rises 11.1% - Hims & Hers is up 11.1%, or $1.12 to $11.17.
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IOVA | Hot Stocks12:00 EDT Iovance Biotherapeutics extends decline to 33% after CEO resigns - Shares of Iovance Biotherapeutics, which were already lower after the company discussed its receipt of feedback from the FDA on potency assays and pushed out guidance for a BLA filing on tumor infiltrating lymphocyte therapy lifileucel to the first half of 2022, have slid further following the disclosure that President and CEO Maria Fardis notified the company that she will be resigning to pursue other opportunities. Near noon, Iovance shares are now down $8.84, or 33%, to $18.13.
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IOVA | Hot Stocks11:59 EDT Iovance down 33% to $18.13 after disclosing resignation of CEO
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IOVA | Hot Stocks11:58 EDT Iovance Biotherapeutics trading halted, volatility trading pause
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IOVA | Hot Stocks11:57 EDT Iovance Biotherapeutics CEO Maria Fardis resigning to pursue other opportunities - In a regulatory filing, Iovance Biotherapeutics disclosed that on May 18, Maria Fardis, Ph.D., the CEO of the company, notified the company that she will be resigning as President, CEO and a director of the company to pursue other opportunities. "The company will immediately begin a search for a successor. In the meantime, effective upon Dr. Fardis' departure, the Board of Directors of the company will appoint Frederick G. Vogt, Ph.D., the company's current General Counsel, as the company's interim President and CEO," the filing stated.
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TCEHY... | Hot Stocks11:57 EDT Epic Games, NBA collaborate to bring NBA content to 'Fortnite' - Epic Games' "Fortnite" is collaborating with the NBA ahead of the 2021 NBA playoffs. Coinciding with the debut of the State Farm NBA Play-In Tournament, "Fortnite x NBA: The Crossover" brings basketball's best into the Item Shop and Fortnite Creative, and with Team Battles, a unique experience featuring all 30 NBA teams in "Fortnite," Epic said. Debuting on May 21, 2021 at 8pm ET, players can suit up and rep any of the league's 30 teams. The In The Paint Set includes 31 uniforms, including all 30 NBA teams. "And that's just the beginning," Epic added. "Coming next week, the NBA crosses over into Fortnite Creative. Look for a new blog update showcasing the new NBA Welcome Hub on Tuesday, May 25." Investors in Epic include Tencent (TCEHY), KKR (KKR), Disney (DIS), and Sony (SONY). Reference Link
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MU | Hot Stocks11:57 EDT Micron says 'solid year in terms of free cash flow' - "We think we'll be meaningfully cash flow positive in the Q3 and for the year, it will be a solid year in terms of free cash flow," David Zinsner, Micron's Chief Financial Officer, says. Micron remains committed to buybacks. Comments taken from Barclays Americas Select Franchise Conference.
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NEGG | Hot Stocks11:52 EDT Newegg Commerce consummates merger, to trade on Nasdaq under ticker 'NEGG' - Newegg Commerce, formerly Lianluo Smart Limited, announced the closing of the merger with privately-held Newegg Inc. pursuant to the terms of that certain agreement and plan of merger dated October 23, 2020. Immediately after the closing of the merger, the company also consummated the disposition of all of its legacy business, pursuant to the terms of the equity transfer agreement dated October 23, 2020. With the closing, the company has been renamed Newegg Commerce, Inc. and the company's common shares are expected to begin trading under the company's new symbol "NEGG" on or about May 20. "The company decided not to proceed with the $30M offering that was previously contemplated for completion concurrently with the restructure. The offering was no longer necessary for the company to meet NASDAQ initial listing requirements. In addition, recent volatility in the company's public share price and the company's cash position were other factors considered by the company before deciding to forgo the offering. The company may reassess this decision in the future," Newegg stated. Anthony Chow, Global CEO of Newegg Commerce, added: "Becoming a public company is a milestone 20+ years in the making, made possible by the hard work of Newegg's employees, and the support of our many partners, investors and customers. As we enter this new phase as a public company, we're more energized than ever about what the future holds for our company."
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MU | Hot Stocks11:49 EDT Micron sees 'no crack in mobile market,' outlook intact - Micron believes environment should remain the same for the rest of the year. "We're not seeing a crack in the mobile market. The outlook is very much intact," David Zinsner, Micron's Chief Financial Officer, says. Migration of certain applications to the cloud is going to be a trend for quite a while. Comments taken from Barclays Americas Select Franchise Conference.
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YALA | Hot Stocks11:39 EDT Yalla down 5% after Gotham City Research tweets about short position - Gotham City Research said in a series of tweets: "$YALA reminds us of Let's Gowex and Luckin Coffee $LK. We are short $YALA. [...] Does this $YALA make sense? We think no. World leading revenue growth, and cash flow generation coupled with: A business supposedly based in Africa, CFO/auditor in East Asia, and investor base in North America? Some of you might see a unicorn. We see an ugly duck." In late morning trading following the tweets, shares of Yalla are down 91c, or 5%, to $17.41.
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MUDS | Hot Stocks11:37 EDT Mudrick Capital Acquisition rallies after Citron's Left discloses long position - Andrew Left of Citron Research said on Fox Business that he's long shares of special purpose acquisition company Mudrick Capital Acquisition Corporation II (MUDS). The units in late morning trading spiked 3% to $13.33.
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MUDS | Hot Stocks11:35 EDT Mudrick Capital Acquisition Corporation II named a long idea by Citron's Left
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MU | Hot Stocks11:31 EDT CFO says Micron to continue 'to improve product mix' - "We believe we can continue to improve our product mix. We've done a lot in terms of NAND. We want to improve the mix within the high value solutions and move more into the datacenter space. There are so many secular growth drivers ahead, such as 5G in the mobile space, cloud, AI, autonomous driving. [...] On the DRAM side, we'll see relatively modest growth in Q3 and Q4 given how tight things are," David Zinsner, Micron's Chief Financial Officer, says. Comments taken from Barclays Americas Select Franchise Conference.
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MU | Hot Stocks11:27 EDT Micron says NAND demand better, supply more disciplined than anticipated - "We started the year a little more bearish on the NAND front. We were concern around over-investment in that space and an oversupply situation. Pricing stabilized but I think we will always be more cautious around NAND given more players in the space. But I think every month we're incrementally more positive how NAND is progressing through the year. I think a lot of that is a function that demand has been better and supply a bit more disciplined than anticipated. Inventories at customer are at pretty normal levels," David Zinsner, Micron's Chief Financial Officer, says. Comments taken from Barclays Americas Select Franchise Conference.
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TJX | Hot Stocks11:24 EDT TJX not planning significant store closures for back-half of year
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TJX | Hot Stocks11:23 EDT TJX sees $275M-$325M negative impact to Q2 sales due to store closures
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MU | Hot Stocks11:20 EDT Micron says demand 'looking extremely positive,' quarter tracking well - "COVID might have negatively impacted some markets but definitely accelerated others. As we transitioned into FY21, we saw some markets come back like the automotive space and the mobile front. We believe cloud will see strength throughout the year; enterprise as part of the datacenter space is also doing well. Pretty much in all end-markets, demand is looking extremely positive for us. Things are tracking well this quarter, both in demand for NAND and DRAM. It's also important to note that supply situation is tight, particularly in the DRAM front, which tends to be healthy for the business. We expect that tightness to continue the rest of this year and early part of next year," David Zinsner, Micron's Chief Financial Officer, says. Comments taken from Barclays Americas Select Franchise Conference.
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TJX | Hot Stocks11:13 EDT TJX CEO: In store shopping 'not going away'
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NMRK | Hot Stocks11:09 EDT Newmark appoints Sridhar Potineni as CIO - Newmark announces that Sridhar Potineni has joined thecCompany as chief information officer. In his role, Potineni will be responsible for leading Newmark's information technology platforms and driving digital transformation, further advancing Newmark's platform of innovative solutions supporting its clients throughout the world. Prior to joining Newmark, Potineni served as Global CTO of JLL's Capital Markets group.
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TJX | Hot Stocks11:03 EDT TJX paid fourth 'appreciation bonus' to most employees during pandemic - Comments taken from Q1 earnings conference call.
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AWK | Hot Stocks11:02 EDT Illinois American Water investing over $2.7M in Pontiac Water System - Illinois American Water is investing over $2.7M to upgrade the Pontiac area water system. Work includes rehabilitating six filters at the water treatment plant and replacing approximately 3,300 feet of water main. These investments support reliable service to homes, businesses, and for fire protection.
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UA UAA | Hot Stocks11:01 EDT Under Armour increases minimum pay rate to $15 per hour - Under Armour announced up to a 50% increase in its minimum pay rate for hourly teammates in the United States and Canada. Hourly rates will increase from a minimum of $10 per hour to $15 per hour, which will go into effect on June 6. As a result, more than 8,000 part-time and full-time teammates, approximately 90% of the Retail and Distribution House workforce, will see a compensation increase. Under Armour currently has more than 3,000 open roles in retail locations and distribution houses, some of which are seasonal and include Sales Teammates, Store Managers and Stock Teammates. All of these roles will start at a minimum of $15 per hour in June.
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TSLA... | Hot Stocks10:57 EDT Elon Musk tweets diamond hands amid bitcoin selloff - Tesla (TSLA) CEO Elon Musk tweeted the symbol for diamond hands amid today's massive selloff in bitcoin ($BTC). Diamond hands, a popular phrase on Reddit's WallStreetBets forum, refers to someone who holds stocks adamantly despite losses.
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GPOR | Hot Stocks10:50 EDT Gulfport Energy Corporation trading resumes
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COIN | Hot Stocks10:45 EDT Coinbase says 'fix has been implemented' amid outages - Coinbase said on its status page, "A fix has been implemented and we are monitoring the results." After intermittent downtimes this morning, the company says its website, mobile and API are operational.
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GPOR | Hot Stocks10:43 EDT Gulfport Energy Corporation trading halted, volatility trading pause
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MSTR... | Hot Stocks10:39 EDT MicroStrategy CEO says 'I'm not selling' amid bitcoin route - Amid today's bitcoin route, MicroStrategy CEO Michael Saylor said "I'm not selling" via Twitter. As of May 18, the company held 92,079 bitcoins that were acquired at an average purchase price of $24,450. Bitcoin is off the day's lows but remains down 18% to $35,390 in late morning trade.
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MTB | Hot Stocks10:33 EDT M&T Bank appoints Brian Klock as head of markets, investore relations - M&T Bank Corporation announced that Brian Klock joined M&T Bank as senior vice president, May 17, 2021 and work closely with current Head of Investor Relations Don MacLeod as he transitions into retirement. Klock will be named head of Markets and Investor Relations, effective January 1, 2022. Klock joins M&T from Keefe, Bruyette & Woods, where he was managing director and head of Large Regional U.S. Bank Research, covering financial institutions including M&T Bank
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SPOT | Hot Stocks10:25 EDT Spotify launches virtual concert series with musical artists - In a company blog post, Spotify said, "Connecting fans to artists is important to us. We're always working on more ways to help listeners get to know and share music from their favorite creators-whether that's by catching the newest tracks on their Release Radar playlist or by sharing Canvas videos to their socials. This past year in particular, we've realized that fostering this connection is more important than ever. So today, we're pleased to share our most recent exploration: a virtual concert experience. We know that fans care deeply about supporting artists and connecting with their music through live performances. And while some parts of the world are beginning to open up, we recognize not everyone is comfortable with or able to attend in-person events just yet. These shows will allow fans to experience and support their favorite artists while immersing themselves in a performance-style experience they crave. Throughout the next month, Spotify will give fans access to five intimate, ticketed performances in partnership with producer Driift. We're kicking off with five prerecorded livestreams: May 27: The Black Keys will be coming to fans from one of their favorite juke joints, Blue Front Cafe in Mississippi. June 3: Rag'n'Bone Man will be playing at one of his beloved venues, the Roundhouse in London, where fans will virtually join him for an intimate performance. June 10: Bleachers' Jack Antonoff will take fans on a journey from Brooklyn, NY, to Asbury Park, NJ-all while on a city bus. June 17: Leon Bridges fans will hear songs from across his catalog as they get an inside look into the meaningful spaces at the Gold-Diggers Hotel, where Leon spent time writing, recording, and being inspired for his upcoming July album, Gold-Diggers Sound. une 24: girl in red's Oslo-based performance will bring fans into a world in red with unique lights and video filters." Reference Link
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PTON | Hot Stocks10:18 EDT Peloton adds Tread Lock safety feature to Tread+ treadmill - The company said on its support site, "Tread Lock is a safety feature that automatically locks the Peloton Tread+ after you put your Tread+ to sleep or after 45 seconds of inactivity outside of a class...As soon as your Tread+ receives the latest software update, you will be prompted to activate the Tread Lock. Once the passcode has been set, the belt on your Tread+ will automatically lock after 45 seconds of inactivity outside of a class, or after the Tread+ wakes from sleep or restart. You will then have to enter your Tread Lock passcode to unlock the belt and get moving. Tread Lock is an important feature to ensure that your Tread+ is safer than ever before. You will be required to set up Tread Lock." Reference Link
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AZN | Hot Stocks10:04 EDT AstraZeneca: Fasenra well-tolerated for up to 5 years in Phase III study - Results from a new integrated analysis including data from the MELTEMI Phase III open-label extension trial showed FASENRA was well-tolerated for up to five years, with a long-term safety profile consistent with previous Phase III trials in adult patients with severe asthma. Results were presented at the American Thoracic Society 2021 International Conference. During the period of the BORA and MELTEMI extension trials, adverse events and serious adverse events did not increase from rates comparable to placebo observed in the Phase III pivotal trials. Rates of serious infection, hypersensitivity, immunogenicity, and malignancy were low across all treatment groups, with no deaths during the on-treatment window. The most commonly reported AEs during the open-label period for patients receiving FASENRA every eight weeks were nasopharyngitis, asthma, headache, and bronchitis. These data confirm FASENRA's well-established safety profile. In secondary endpoints, FASENRA sustained the reduction in asthma exacerbation rates observed during predecessor SIROCCO, CALIMA, ZONDA and BORA Phase III trials with annualized asthma exacerbation rates remaining consistently low over the five-year treatment period. In patients taking high-dosage inhaled corticosteroids with blood eosinophil levels of greater than or equal to 300 cells per microliter who received FASENRA every eight weeks, AAER decreased from 3.1 exacerbation/year pre-treatment to 0.5 in the predecessor studies with a further reduction to 0.2 by year four of the open-label trial. In the same treatment group 59% of patients experienced zero exacerbations during the four years of the open-label period and at least 75% of patients each year experienced zero exacerbations. In the final year of the trial 87% of patients experienced zero exacerbations. FASENRA is currently approved as an add-on maintenance treatment for severe eosinophilic asthma in the US, EU, Japan and other countries and is approved for self-administration in the US and EU. The FDA granted Orphan Drug Designation for FASENRA for eosinophilic granulomatosis with polyangiitis, hypereosinophilic syndrome and eosinophilic oesophagitis.
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MSFT | Hot Stocks10:03 EDT Microsoft, LaLiga announce expansion of partnership - LaLiga and Microsoft Corp. on Wednesday announced an expansion of their partnership focused on digitally transforming the sports experience globally. The companies will also collaborate on developing technology solutions to the media and entertainment industry through LaLiga's technology offering, LaLiga Tech. As LaLiga's global Tech and Innovation Partner, Microsoft will help develop new and leverage existing solutions that will drive innovation across the sports industry. As part of the collaboration, LaLiga will utilize Microsoft Azure, including AI and machine learning for its LaLigaSportsTV OTT platform and Mediacoach platform, to reinvent interactive audiovisual experiences and formats.
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PHG | Hot Stocks10:01 EDT Philips announces plans to repurchase up to 2M shares - Royal Philips announced that it will repurchase up to 2M shares to cover certain of its obligations arising from its long-term incentive and employee stock purchase plans. At the current share price, the shares represent an amount of up to approximately EUR 91M. Philips expects to take delivery of the shares in 2023.
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CCM | Hot Stocks10:00 EDT Concord Medical falls -10.3% - Concord Medical is down -10.3%, or -36c to $3.12.
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BTU | Hot Stocks10:00 EDT Peabody Energy falls -10.9% - Peabody Energy is down -10.9%, or -73c to $5.94.
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YSG | Hot Stocks10:00 EDT Yatsen falls -12.8% - Yatsen is down -12.8%, or -$1.26 to $8.56.
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HIMS | Hot Stocks10:00 EDT Hims & Hers rises 5.8% - Hims & Hers is up 5.8%, or 58c to $10.63.
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SCO | Hot Stocks10:00 EDT Scor ADR rises 6.2% - Scor ADR is up 6.2%, or 35c to $5.98.
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VIAO | Hot Stocks10:00 EDT VIA Optronics rises 7.5% - VIA Optronics is up 7.5%, or 82c to $11.78.
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LOW | Hot Stocks09:59 EDT Lowe's says 'very committed' to growing market share, operating margin in FY21 - Says "very comfortable" with market share performance, potential gains. Says some inflation pressures, but managing through them. Does not expect inflation to slow demand in 2H21. Says most Pro customers are very busy with large backlogs. Says the better the macro environment performs, the better the company will perform.
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BKTI | Hot Stocks09:52 EDT BK Technologies awarded five-year BPA from USDA Forest Service - BK Technologies Corporation announced it has been awarded a 5-year blanket purchase agreement from the USDA Forest Service. The BPA extends through May 6, 2026, and establishes maximum procurements over the 5-year period of $50M. It does not specify or guarantee equipment purchase quantities or dates.
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NNA | Hot Stocks09:47 EDT Navios Acquisition falls -12.3% - Navios Acquisition is down -12.3%, or -45c to $3.22.
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LPG | Hot Stocks09:47 EDT Dorian LPG falls -13.2% - Dorian LPG is down -13.2%, or -$1.98 to $12.99.
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BTCM | Hot Stocks09:47 EDT BIT Mining Limited falls -18.7% - BIT Mining Limited is down -18.7%, or -$2.56 to $11.14.
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TZA | Hot Stocks09:47 EDT Small Cap Bear 3x rises 5.2% - Small Cap Bear 3x is up 5.2%, or $1.74 to $35.19.
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SCO | Hot Stocks09:47 EDT Scor ADR rises 5.5% - Scor ADR is up 5.5%, or 31c to $5.94.
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VIAO | Hot Stocks09:47 EDT VIA Optronics rises 9.2% - VIA Optronics is up 9.2%, or $1.01 to $11.97.
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PGTI | Hot Stocks09:43 EDT PGT Innovations adds production facility in Fort Meyers - PGT Innovations is expanding into Fort Myers, with a newly leased production facility to accommodate the firm's continued accelerated growth. The roughly 130,000-square-foot facility is located in the Meridian Center North development at 10400 Meridian Center Parkway. PGT Innovations' manufacturing operations will run 24/7 with various shifts and add 240 new jobs to the region. The new Lee County facility is expected to begin operations in early June 2021.
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LOW | Hot Stocks09:34 EDT Lowe's says balance sheet remains 'extremely healthy' - Says underlying drivers of housing demand appear more "resilient and stable" than previously thought. Sees "moderate decline" in gross margin rate in Q2. Sees flat gross margin in 2021. Sees "robust" free cash flow in 2021. Says "very excited" about momentum in the business.
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ICE | Hot Stocks09:24 EDT Intercontinental Exchange launches UK emissions futures - Intercontinental Exchange, announced that it has launched ICE UK Allowance Futures contracts and today hosted the first auction of the UK Emissions Trading Scheme .Today, 6,052,000 UK allowances were offered for auction and all allowances were sold during the auction. Auctions of UKAs take place every other Wednesday throughout the year, between 12.00 and 14.00 UK time. Auctions have a floor price of GBP 22 per tonne. ICE UK Allowance futures contracts, which launched today, are equivalent to 1000 Allowances. UKA Daily Futures are due to be launched on May 21, 2021. ICE UKA futures trade on ICE Futures Europe and clear at ICE Clear Europe alongside ICE's global environmental complex, including European Union Allowances California Carbon Allowances and California Carbon Offsets .
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CRBP | Hot Stocks09:24 EDT Corbus Pharmaceuticals announces adjournment of annual meeting - Corbus Pharmaceuticals announced that it has adjourned its 2021 Annual Meeting of Stockholders in order to provide stockholders additional time within which to vote on all proposals, including Proposal 4 to approve an amendment to the Company's certificate of incorporation to increase the Company's authorized shares of common stock from 150,000,000 to 300,000,000. The Company believes there is significant support for Proposal 4. At the time of the Annual Meeting, approximately 85% of the votes cast on Proposal 4 were voted in favor of its approval. Because Proposal 4 must be approved by a majority of the outstanding shares of common stock, however, it has not yet received a sufficient number of votes in its favor. Because Corbus' Board of Directors continues to believe that Proposal 4 is advisable and in the best interests of the Company's stockholders to consider and act upon Proposal 4, the Company adjourned the Annual Meeting.
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BTC $BTC | Hot Stocks09:23 EDT Bitcoin briefly falls below $30,000, lowest level since late January
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FQVLF | Hot Stocks09:23 EDT First Quantum Minerals to sell 30% of Ravensthorpe Nickel for $240M - First Quantum Minerals announced that it has entered into a binding agreement to sell a 30% equity interest in the Ravensthorpe Nickel Operation in Western Australia for cash consideration of $240M to POSCO. First Quantum will retain a 70% interest in Ravensthorpe and continue to be the operator. The proceeds of the transaction will be used to reduce the Company's debt. In addition to the Transaction, POSCO and First Quantum have also agreed to evaluate a strategic partnership to produce battery precursor materials from production at Ravensthorpe. Under the terms of the Transaction, POSCO will acquire a 30% equity interest in Ravensthorpe for cash consideration of $240M. POSCO will be provided with a long-term offtake agreement for 7,500 tonnes of nickel in mixed nickel-cobalt hydroxide precipitate per year produced at Ravensthorpe, beginning in 2024. The balance of Ravensthorpe's production will continue to be marketed by First Quantum. The Transaction is subject to certain conditions including approval by the Australian Foreign Investment Review Board. The transaction is expected to close sometime in the third quarter of 2021. The proceeds of the Transaction will be applied to the outstanding amount on the Company's revolving credit facility, continuing the Company's debt reduction. POSCO is South Korea's largest, and the world's fourth largest, steel producer. POSCO is also a leading integrated producer of cathode and anode materials for the electric vehicle battery sector and is undertaking an expansion of its secondary battery material business for which Ravensthorpe will provide a portion of the feed. As part of the Transaction, First Quantum and POSCO have also entered into a Memorandum of Understanding to explore a partnership to produce battery cathode precursor materials, likely in the form of nickel sulphate, by utilizing the MHP from Ravensthorpe. First Quantum and POSCO will work together over the coming months to advance this potential partnership.
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COIN... | Hot Stocks09:23 EDT Coinbase investigating 'intermittent downtime' amid crypto selloff - Coinbase said on its website that it is investigating "intermittent downtime" on its platform. The company noted partial outages on its website, mobile and API. Coinbase shares are down 10% to $216.00 in premarket trading amid the selloff in cryptocurrencies, most notably bitcoin.
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LOW | Hot Stocks09:22 EDT Lowe's says broad-based growth across all divisions, geographies in Q1 - Says Pro comps outpaced DIY comps in Q1. Says lumber delivered the highest comp in Q1. Says small, medium-sized Pro is "highly-valued, target customer." Sees "great potential" to expand Stainmaster brand. Says "confident" in ability to outperform the market. Says delivered "solid" product margin improvement in Q1. Comments taken from Q1 earnings conference call.
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DFLYF | Hot Stocks09:16 EDT Draganfly signs contract with Integrated Launcher Solutions - Draganfly announced that Integrated Launcher Solutions has signed a contract with Draganfly to provide engineering and development services for a drone-based non-lethal multi-launching system. The contract provides for the development, prototyping, and eventual production of a non-lethal 40mm multi-launching systems that can be mounted and deployed from drones, drone systems, robots, robotic systems, and other stationary platforms or similar systems. The main use case of the launch system is public disturbance management for military and public safety organizations. Draganfly will provide ILS with its development and engineering expertise in connection with the project. As part of the contract Draganfly has provided ILS with strategic vendor financing of $150,000 to assist in the development of the project and in consideration ILS has granted Draganfly a worldwide royalty equal to 8% of the gross revenue received from the project for a period of five years from earlier of the repayment date or maturity date of the loan. The loan is secured against the intellectual property related to the project.
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BTCM... | Hot Stocks09:13 EDT BIT Mining Limited to invest in cryptocurrency mining data center in Texas - BIT Mining has entered into a binding investment term sheet with Dory Creek, a wholly-owned subsidiary of Bitdeer, to invest in a cryptocurrency mining data center in Texas. Pursuant to the Term Sheet, the company will invest a total amount of $25.74M and jointly construct and operate the Texas Mining Center with Dory Creek. The total power capacity of the Texas Mining Center is 57.2MW, with more than 85% of its power generated by clean and low-carbon energy. As the electricity supply is further optimized in Texas, the Texas Mining Center will use higher proportions of electricity generated by clean energy.
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CFFI | Hot Stocks09:12 EDT C&F Financial raises quarterly cash dividend 5.3% to 40c per share - The board of directors of C&F Financial Corporation has declared a regular cash dividend of 40c per share, which is payable July 1, 2021 to shareholders of record on June 15, 2021. This dividend represents a 5.3 percent increase over the prior quarter's dividend amount of 38c per share.
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TU | Hot Stocks09:10 EDT Telus investing $38M to accelerate deployment of PureFibre, 5G networks - TELUS is investing $38 million in the Capitale-Nationale region this year to deploy its PureFibre and 5G networks. This investment, combined with an additional contribution of over $1 million from the governments of Quebec and Canada, will provide more than 2,000 additional families and businesses in the Portneuf RCM and Saint-Augustin-de-Desmaures with direct access to optical fibre by September 2022. With private investments, TELUS is continuing the deployment of its 5G technology in 20 new communities, which will bridge the digital divide; drive innovation in businesses and grass-roots charities; and support the health, agriculture, and education sectors.
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GWAC | Hot Stocks09:10 EDT Good Works Acquisition partner Cipher Mining signs 200 MW provision agreement - Good Works Acquisition partner Standard Power has entered into a contract with Cipher Mining Technologies, a newly formed US-based Bitcoin mining company, to provide hosting capacity that will accommodate 200 MW of power capacity for Cipher's planned operations. Cipher will also have an option to secure additional hosting capacity to allow for another 100 MW of power capacity. Cipher was formed by Bitfury Group as a U.S. blockchain mining company. On March 5, Cipher entered into a definitive agreement for a business combination with Good Works Acquisition. Upon the closing of that transaction, the combined company will be named Cipher Mining and is expected to be listed on the Nasdaq under the new ticker symbol "CIFR". As a stand-alone company, Cipher expects to become a U.S. Bitcoin mining champion by developing approximately 745 MW of mining capacity by 2025. Standard Power will be working closely with Bitfury to secure supply of its advanced BlockBox Air Cooled containerized data centers to host Cipher's miners.
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CMTL | Hot Stocks09:10 EDT Comtech says awarded $2M by U.S. Marines for 'rugged baseband equipment' - Comtech Telecommunications announced that during its third quarter of fiscal 2021, its Government Solutions segment was awarded an order worth approximately $2M to provide the U.S. Marine Corps with command and control modules for Program Manager Light Armored Vehicles ,PM LAV. "This order places our rugged baseband products with the U.S. Marine Corps soldiers that need them," said Fred Kornberg, Chairman of the Board and Chief Executive Officer of Comtech Telecommunications Corp. Comtech Telecommunications Corp. is a leader in the global communications market headquartered in Melville, New York. With a passion for customer success, Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For
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EOLS | Hot Stocks09:08 EDT Evolus appoints Dan Stewart as VP, GM, international - Evolus announced the appointment of Dan Stewart as Vice President and General Manager of the company's International business. Dan was Chief Marketing Officer at Teoxane before starting his own consultancy firm focused within the European aesthetic market.
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CLNN | Hot Stocks09:07 EDT Clene appoints David Matlin as chairman of the board - Clene announced the appointment of David Matlin as Chairman of the Board. He has served as a Director of Clene since 2020. Matlin is the Chief Executive Officer of MatlinPatterson Global Advisers, a global private equity firm he co-founded in 2002. Matlin is succeeding Shalom Jacobovitz, who has stepped down from Chairman but will continue to serve on the Board.
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MYOV | Hot Stocks09:07 EDT Myovant Sciences drops after FDA places partial clinical hold on Phase 3 study - In a regulatory filing, Myovant reported that on May 18, the U.S. Food and Drug Administration informed the company by teleconference that they have placed a partial clinical hold on the Phase 3 SERENE study, MVT-601-050, evaluating relugolix combination tablet for the prevention of pregnancy pending amendment of the study protocol to add bone mineral density monitoring. "Myovant will work expeditiously to implement the requested monitoring and submit the amended protocol to FDA to resolve the partial clinical hold," the company stated in the filing. Shares of Myovant Sciences are down $1.84, or 8%, to $20.76 in pre-market trading following the disclosure.
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ZM | Hot Stocks09:06 EDT Zoom Video announces Zoom Events platform - Zoom Video Communications announced Zoom Events, an all-in-one platform with the power to produce interactive and engaging virtual experiences, available this summer. Zoom Events combines the reliability and scalability of Zoom Meetings, Chat, and Video Webinars in one comprehensive solution for event organizers, with the ability to produce ticketed, live events for internal or external audiences of any size. Zoom Events offers something for a variety of use cases - from enabling large businesses to seamlessly manage and host internal events like all-hands and sales summits and external events like user conferences, to smaller businesses and entrepreneurs who have been using OnZoom to create, host, and monetize events including fitness and cooking classes, theatrical presentations, and more. As part of the launch of Zoom Events, OnZoom, currently in Beta, will be rebranded and folded into Zoom Events, and can be either private, or searched and explored publicly.
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ZI SNOW | Hot Stocks09:06 EDT ZoomInfo partners with Snowflake to centralize and streamline data delivery - ZoomInfo (ZI) announced a partnership with Snowflake (SNOW), the Data Cloud company, in which ZoomInfo will join Snowflake Data Marketplace to centralize and streamline data delivery. Customers can now use Snowflake's platform to integrate ZoomInfo's industry-leading company and business contact data into their technology stacks-with no additional integration or extract transform load required-and generate insights at scale. Data is constantly changing, and what is accurate one day is outdated the next. Nearly 30 percent of personnel change jobs each year, and companies are always evolving in some manner. Sellers and marketers need a seamless way to accurately capture, unify, and share that data. Those that don't take action to stay connected to this ever-changing business landscape put themselves at risk of disengaged audiences, missed opportunities, and lost revenue. Joint customers can leverage prebuilt ZoomInfo data sets in Snowflake Data Marketplace or work with ZoomInfo's Data Services team to create custom data sets that meet their specific needs. Customers have more than 300 data attributes to choose from to help them identify their ideal buyers. They can target companies based on firmographic details like revenue, employee size, industry, and location, as well as events like funding rounds, product launches, M&A transactions, buying intent signals, additions of new technologies, and executive hires. "This partnership can deliver data accuracy with near-instant updates," said Chris Degnan, Snowflake's Chief Revenue Officer. "As a result, ZoomInfo's data sets can help enterprises develop their business intelligence strategies with exactness. Together, ZoomInfo and Snowflake can help companies improve their data delivery from the cloud and power their go-to-market motions more effectively." ZoomInfo ensures accuracy of its data over time with real-time updates, eliminating data decay with continuous enrichment services directly within Snowflake. ZoomInfo prioritizes GDPR and CCPA compliance, and maintains its rigorous data privacy and security practices through all data provided via partnerships.
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INSE | Hot Stocks09:06 EDT Inspired Entertainment launches remote gaming server platform in Michigan - Inspired Entertainment's remote gaming server platform, Inspired Interactive, has launched in Michigan. An initial batch of Interactive games is now live, with more titles to follow shortly. Inspired has a portfolio of in-house produced slot content and Virtual Sports for both online and mobile players.
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GLXZ | Hot Stocks09:04 EDT Galaxy Gaming secures rights for Perfect Pairs in UK - Galaxy Gaming announced that they have reached an agreement with John Wicks, creator of Perfect Pairs, to exclusively provide a Perfect Pairs live gaming progressive jackpot on land-based table games in the United Kingdom. This development builds upon Galaxy Gaming's continued success with Perfect Pairs in the iGaming space through its wholly-owned subsidiary, Progressive Games Partners. Perfect Pairs and Galaxy Gaming's world-famous 21+3 are the most popular Blackjack side bets in both the land-based and iGaming space in the UK. This new partnership capitalizes on the game's existing prominence and highlights the power of Galaxy Gaming's progressive jackpot system to add value to the player experience and increase revenue opportunity for land-based casino operations.
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TMO | Hot Stocks09:04 EDT Thermo Fisher and UC San Francisco to open cell therapy manufacturing center - Thermo Fisher and the University of California, San Francisco, have formed a strategic alliance to accelerate the development and manufacturing of cell-based therapies. Thermo Fisher will build and operate a 44,000-square-foot, state-of-the-art cell therapy development, manufacturing and collaboration center in leased space on UCSF's Mission Bay campus, which includes biomedical research facilities and hospitals. The site will offer clinical and commercial cGMP cell therapy manufacturing services, along with associated technology development support, to UCSF and other partners. Expected to open in 2022, the facility will also serve as a central location where customers and UCSF researchers will have access to Thermo Fisher's portfolio of Cell Therapy Systems reagents, consumables, and instrumentation and compliant software.
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HPQ... | Hot Stocks09:04 EDT HP Inc. appoints Greg Baxter as CTO - HP Inc. (HPQ) announced two executive leadership appointments that support the company's long-term growth strategy and strategic priorities. Greg Baxter has been named Chief Transformation Officer. In this role, Baxter will lead and cultivate the company's digital capabilities to better serve customers while also significantly reducing operating costs. He joins HP from MetLife (MET) where he served as Chief Digital Officer. Baxter succeeds Marie Myers, who was named HP's CFO earlier this year and had also been serving as Acting Chief Transformation Officer. Didier Deltort has been named President of Personalization & 3D Printing. Reporting to Sarabjit Singh Baveja, HP's Chief Strategy & Incubation Officer, he will lead global end-to-end business management to drive commercial growth, create new businesses, and disrupt industries with HP 3D Printing technology and intellectual property. Deltort joins the company from Zimmer Biomet (ZBH) where he served as President of the Europe, Middle East and Africa business.
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NNDM | Hot Stocks09:02 EDT Nano Dimension annnounces sale of DragonFly LDM to university in Quebec - Nano Dimension announced that it has sold a DragonFly LDM system for additive manufacturing of High-Performance Electronic Devices to the Centre national integre du manufacturier intelligent.
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AJG | Hot Stocks09:02 EDT Arthur J. Gallagher acquires Garner & Glover Company - Arthur J. Gallagher acquired Rome, Georgia-based Garner & Glover Company. Terms of the transaction were not disclosed. Founded in 1874 and operating under its current name since 1926, Garner & Glover is an independent agency offering business and personal property/casualty, life and benefits products, as well as athletics, wellness and risk management services, to clients throughout the U.S. Matt Sirmans, Chuck Shaw and their associates will continue to operate from their current location under the direction of Peter Doyle, head of Gallagher's Southeast region retail property/casualty brokerage operations, and John Tournet, head of Gallagher's Southeast region employee benefits consulting and brokerage operations.
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PHG | Hot Stocks09:01 EDT Philips introduces Spectral Computed Tomography 7500 system - Royal Philips announced its newest solution for precision diagnosis with the global introduction of its spectral detector-based Spectral Computed Tomography 7500. This latest intelligent system delivers high quality spectral images for every patient on every scan 100% of the time to help improve disease characterization, and reduce rescans and follow-ups, all at the same dose levels as conventional scans. The time-saving spectral workflow is fully integrated, enabling the technologist to get the patient on and off the table quickly - spectral chest scans and head scans take less than one second, and a full upper body spectral scan can be completed in less than two seconds - while still delivering high quality imaging that allows the physician to rapidly deliver a confident diagnosis and effective treatment plan for each patient.
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CNNEF | Hot Stocks08:48 EDT Canacol says Colombia gas sales, drilling operations 'remain uninterrupted' - Canacol Energy provides the following information concerning its operations in Colombia. The company said, "Despite the civil disturbances occurring in Colombia related to the national strike, Canacol's gas salesand drilling operations remain uninterrupted. Given that Canacol's gas sales are delivered via pipeline, the transportation and delivery of gas to its clients has been uninterrupted. Realized contractual natural gas sales have averaged 172 million standard cubic feet per day for the period May 1 to May 17, 2021. Outside of the major cities, the majority of blockades are occurring in the oil producing Llanos, Middle Magdalena, and Putumayo basins. As recently announced by other oil focused Colombian producers, the blockades have been disruptive to transportation of crude oil, drilling and workover equipment, and personnel. The Corporation's operations, which are located in the Lower Magdalena basin where there are few blockades, have not been adversely affected."
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CNDT | Hot Stocks08:46 EDT Conduent, Brescia Mobilita expand contactless payment to bus fleet - Conduent Transportation announced the introduction of an account-based ticketing contactless payment system on Brescia Mobilita's bus fleet. The system is active on all 220 buses that serve the city of Brescia, Italy, and 14 surrounding municipalities. It is the first city in Italy to introduce contactless payment services across its entire bus fleet, which carried approximately 40 million passengers in 2019.
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ATCO | Hot Stocks08:45 EDT Atlas Corp.'s Seaspan announces delivery of two 8,500 TEU containerships - Seaspan, a wholly owned subsidiary of Atlas Corp., announced that it has accepted delivery of two quality 8,500 TEU scrubber-fitted containerships on long-term charter with a global liner.
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CPTA | Hot Stocks08:42 EDT Capitala announces three portfolio exits with cash realizations of $65M - Capitala Group announced that it has exited three of its investments: Xirgo Technologies, CIS Secure Computing, and PEOPLEASE. Xirgo Technologies: Headquartered in Camarillo, CA, Xirgo Technologies is a provider of customized IoT solutions for various industry verticals, including insurance telematics, fleet management, asset tracking, monitoring & control, transportation logistics & mobility. Capitala invested in Xirgo Technologies in December 2016 alongside Indianapolis-based private equity firm HKW. CIS Secure Computing: Based out of Dulles, VA, CIS Secure Computing is a provider of secure and customized communications technologies that help prevent data leaks/tracking, eavesdropping, and hacking. CIS provides both hardware and software solutions to the intelligence and law enforcement communities within its various government and commercial security-conscious customer base. Capitala invested in CIS in September 2017 and exited through the sale of the company. PEOPLEASE: PEOPLEASE is a full-service professional employer organization headquartered in Mount Pleasant, SC. Small-to-medium-sized businesses, rapid-growth companies, and established enterprise operations alike benefit from PEOPLEASE 's large employee base with customized yet cost-effective solutions for payroll, human resources, benefits, tax and finance administration, safety, and risk management. Capitala invested in PEOPLEASE in August 2020 alongside AVC Partners and completed the exit by virtue of the sale of the company.
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DSX | Hot Stocks08:40 EDT Diana Shipping announces time charter contract for M/V Astarte - Diana Shipping entered into a time charter contract with Mitsui O.S.K. Lines, Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is $25,000 per day, minus a 5% commission paid to third parties, for a time charter period until minimum November 1, 2021 up to maximum December 15, 2021. The charter is expected to commence tomorrow. The m/v Astarte is currently chartered, as previously announced, to Aquavita International S.A., at a gross charter rate of $11,750 per day, minus a 5% commission paid to third parties. The "Astarte" is a 81,513 dwt Kamsarmax dry bulk vessel built in 2013. The employment of "Astarte" is anticipated to generate approximately $4.03 million of gross revenue for the minimum scheduled period of the time charter.
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MRNA | Hot Stocks08:40 EDT Moderna to establish international business services hub in Warsaw - Moderna announced plans to establish an international business services hub in Warsaw, Poland, as the company continues to build out a global infrastructure. The Moderna International Business Services, or MIBS, Center complements the six commercial legal entities that have already been established across Europe. The MIBS Center will serve Moderna's international business by providing functions including finance, pharmacovigilance, human resources and digital services. The center is expected to employ approximately 160 staff when fully operational. Moderna plans to start center operations in Q3. The MIBS Center will provide new capabilities and capacity to help meet the demand of Moderna's global business operations.
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VERU | Hot Stocks08:40 EDT Veru enrolls first patient in Phase 3 trial of sabizabulin - Veru announced that it has enrolled the first patient in its Phase 3 clinical trial of sabizabulin, a novel, proprietary, oral cytoskeleton disruptor with anti-inflammatory and anti-viral properties, to combat the effects of COVID-19, the global pandemic disease caused by the novel coronavirus SARS-CoV-2.
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BMRN | Hot Stocks08:39 EDT BioMarin provides update of Phase 1/2 study of hemophilia A candidate - BioMarin provided an update to its previously reported results from an open-label Phase 1/2 study of valoctocogene roxaparvovec, an investigational gene therapy treatment for adults with severe hemophilia A. Five-year and four-year post-treatment follow-up of the 6e13 vg/kg and 4e13 vg/kg cohorts, respectively, shows a sustained treatment benefit of valoctocogene roxaparvovec. All participants in both cohorts remain off prophylactic Factor VIII treatment. Mean cumulative annualized bleed rates remain less than one in the 6e13 vg/kg cohort and substantially below pre-treatment baseline levels. Factor VIII activity levels declined commensurate with the most recent years' observations and continue to remain in a range to provide hemostatic efficacy. Overall, the safety profile of valoctocogene roxaparvovec in the Phase 1/2 study remains consistent with previously reported data with no delayed-onset treatment related adverse events. All participants continue to remain off corticosteroids since the first year. In Europe, BioMarin plans to submit a Marketing Authorization Application for valoctocogene roxaparvovec for the treatment of severe hemophilia A with one-year results from the Phase 3 GENEr8-1 study to the European Medicines Agency in June based on positive feedback from EMA. In the U.S., BioMarin plans to submit two-year follow-up safety and efficacy data on all study participants from the GENEr8-1 study in response to FDA's request for these data. BioMarin is targeting a Biologics License Application submission in 2Q22 assuming favorable study results, followed by an expected six-month review procedure by the FDA. Valoctocogene roxaparvovec also has received orphan drug designation from the FDA and EMA for the treatment of severe hemophilia A.
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LIVE | Hot Stocks08:39 EDT Live Ventures extends stock buyback program until June 1, 2024 - Live Ventures Incorporated previously announced that its Board of Directors has extended the stock buyback program until June 1, 2024. The program authorizes the company to buy up to $10M of its outstanding shares of common stock on the open market at prevailing prices. Of that amount, approximately $6.7M remains available as of today for this purpose. Since inception of the stock buyback program in 2018, 418 thousand shares of LIVE stock have been repurchased at an average price of $7.70 and, as of the last trading day prior to the issuance of this press release, the company's stock closed at $41.75 per share. Repurchases under the program are funded by cash on hand and cash generated by operations of the company's core businesses.
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GNK | Hot Stocks08:38 EDT Genco Shipping to acquire two modern Ultramax vessels - Genco Shipping & Trading announced that it has entered into agreements to acquire two 2022-built 61,000 dwt Ultramax vessels to be constructed at Dalian Cosco KHI Ship Engineering Co. The vessels are expected to be delivered to Genco in January 2022. The purchases mark the fifth and sixth high specification, fuel-efficient Ultramax vessels that Genco has agreed to acquire since December 2020, doubling its core Ultramax presence over that time. Genco intends to fund the acquisition from cash on the balance sheet on a low leverage basis. Genco also announced that it has capitalized on the strong market to fix two additional vessels on period time charters to secure cash flows as part of its portfolio approach to fixture activity: Baltic Bear fixed at $32,000 per day for 10 to 14 months; Genco Vigilant fixed at $17,750 per day for 11 to 13 months beginning in October 2021.
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TM INTC | Hot Stocks08:38 EDT Mobileye announces deal with Toyota for ADAS technology - Mobileye, an Intel (INTC) Company, announced in a blog post earlier this week: "Over the past two decades since our founding, Mobileye has worked with the vast majority of the world's leading automakers to help make their vehicles and the roads on which they drive safer. Now we're pleased to count the largest automaker in the world among our customers as Toyota and Mobileye have signed a pivotal new deal to deploy our ADAS tech in an array of new vehicles in the coming years. With today's announcement, Toyota joins a substantial and growing list of automotive manufacturers that have placed their trust in Mobileye technology to power their advanced driver-assistance systems." Intel noted that ZF and Mobileye have been chosen by Toyota Motor (TMC) to develop advanced driver-assistance systems, or ADAS, for use in multiple vehicle platforms starting in the next few years. "As part of the agreement, ZF, one of the world's largest producers of automotive cameras driven by Mobileye technology, will also supply its Gen 21 mid-range radar and be responsible for the integration of camera and radar in Toyota vehicles," Intel stated. Reference Link
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ORN | Hot Stocks08:37 EDT Orion Group announces $38M in contract awards - Orion Group announced two contract awards totaling approximately $38M. The company's marine segment has been awarded a contract valued at $28.5M to perform demolition and construction to establish a new aquatic habitat to benefit juvenile salmon in the Puget Sound area of Washington. Construction on the project will begin during the second quarter this year and is expected to be completed by the end of the second quarter of 2023. In addition, the company has also been contracted for the design and construction of a private marine facility in the Tampa, Florida area. Valued at approximately $9M, this work will commence in Q2 and be completed by mid-2022.
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BXMT | Hot Stocks08:36 EDT Blackstone Mortgage names President, Katie Keenan CEO - Blackstone Mortgage Trust announced that Katie Keenan, BXMT's President, has been named Chief Executive Officer of BXMT, effective June 30, 2021. She will succeed Steve Plavin, who remains a key member of the Blackstone Real Estate Debt Strategies leadership team and will oversee BREDS' best-in-class European platform. In connection with her appointment, Ms. Keenan will join the BXMT Board of Directors. Mike Nash continues in his role as Executive Chairman of the Board of Directors. This announcement marks the culmination of a multi-year transition plan. Over the past few years, Ms. Keenan has taken on increasing responsibility within BXMT, playing an integral role in managing the company's investment strategy and operations. Prior to being appointed BXMT's President in February 2020, she served as BXMT's Executive Vice President for Investments. Since Katie joined the management team of BXMT in 2018, the BXMT portfolio has grown by over 50% to $18.7 billion today, with consistently strong credit performance and returns. Steve has led BXMT since its re-IPO in 2013, overseeing a period of significant growth and strong performance for the business. The REIT has grown into a world-class, leading commercial mortgage lender with an $18.7 billion portfolio and $4.6 billion market cap and yielded total returns to shareholders of 10.8% annualized.
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DSS | Hot Stocks08:36 EDT Document Security launches DSS PureAir, invests in Puradigm - Document Security Systems announced the launch of DSS PureAir, the Company's new wholly owned subsidiary targeting commercial and residential air purification markets, following a significant investment into Puradigm, a manufacturer of proactive air and surface purification solutions that have proven to be safe, scalable and provide 24/7 protection to all indoor environments. Puradigm's patented, scalable purification products actively and safely purify both air and surfaces in any room. They can be customized for indoor spaces of all sizes, including homes, offices, schools, restaurants, gyms, hospitals, assisted living facilities, food processing facilities and more, and include free standing, wall mounted, HVAC and personal protection devices. Puradigm's proactive technology has been shown to be effective against a wide variety of pathogens, including SARS-CoV-2, H1N1, E. coli, MRSA, Listeria, C. difficile, staph, and many more. It is the most validated purifier on the market. A new study from the University of Florida confirms the efficacy of Puradigm in inactivating SARS-CoV-2, the virus that causes COVID-19. Researchers at UF's Department of Medicine found that Puradigm's proactive air and surface purification technology inactivates 73.33% of infectious high levels of SARS-CoV-2 on stainless steel surfaces within only 15 minutes of exposure to the technology, 93.3% after 60 minutes, and 97.7% after 4 hours. After 24 hours of exposure to Puradigm's proactive technology the study shows the SARS-CoV-2 was undetectable. These results are consistent with those of an independent study done by Central Michigan University and Insight Research Institute which tested the effectiveness of Puradigm's technology on S. aureus, C. difficile and Dengue virus type 2 used as a surrogate for SARS-CoV-2. Their results showed that Puradigm's technology caused a greater than 99% average reduction in bacterial growth and a 98.5% average reduction in viral infectivity. These findings were published in the March 2021 edition of Infectious Disease Reports, an international, open access peer-reviewed journal that publishes scientific papers about infectious diseases.
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TGT | Hot Stocks08:34 EDT Target sees FY CapEx about $4B
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ICE | Hot Stocks08:34 EDT Intercontinental Exchange makes strategic investment in BondLink - Intercontinental Exchange announced it has made a strategic investment in BondLink, a financial technology company that provides cloud-based debt management software solutions to governments financing infrastructure in the $4 trillion municipal bond market. The Series B investment is designed to accelerate BondLink's growth and product development, including providing a variety of ICE's market-leading data sets to municipalities as they prepare to issue bonds. With approximately 75% of all public infrastructure in the U.S. financed by local governments and public utilities, the municipal bond market is critical to the nation's economic growth, quality of life and safety. It is also very broad with an estimated 60,000 unique issuers, making it challenging and opaque for bond investors of all sizes. "With issuers spread out across the U.S., the municipal bond market remains very fragmented, and is in need of transparency. Better access to information, data and analytics are essential," said Lynn Martin, President of Fixed Income and Data Services at ICE. "Our investment in BondLink and the distribution of ICE data directly to the issuer community will provide municipalities with new tools to help efficiently manage the full lifecycle of debt issuance." BondLink's online network connects municipal issuers with bond investors, advisors and other essential market participants. Its issuer platform helps governments engage and attract investors more efficiently, using digital channels to share financial reports, bond financing data, and other information in one central location. BondLink tools also help issuers gauge both market conditions and investor demand as they prepare for a bond sale. These resources will be enhanced with the ICE investment, allowing it to provide its users with critical
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TM | Hot Stocks08:32 EDT Toyota to suspend three production lines at two plants in Japan due to shortages - Toyota announced adjustments to domestic production in June due to parts shortages as of May 18, stating that "due to parts shortage, adjustments will be made to production operations of plants for completed vehicles in Japan." For June, Toyota announced production suspension for three production lines at two plants among a total of 29 lines at 14 plants. Reference Link
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RARE | Hot Stocks08:32 EDT Ultragenyx, GeneTx receive Health Canada clearance for GTX-102 study - GeneTx Biotherapeutics LLC and Ultragenyx Pharmaceutical announced that they have received clearance from Health Canada to begin enrolling the Phase 1/2 study of GTX-102 in pediatric patients with Angelman syndrome in Canada. The first patient in Canada is expected to be enrolled in the early second half of 2021, with clinical data from some patients in the study expected before the end of 2021. The Phase 1/2, open-label, multiple-dose, dose-escalating study evaluates the safety, tolerability, and plasma and cerebrospinal fluid concentrations of GTX-102 in pediatric patients with Angelman syndrome with a genetically confirmed diagnosis of full maternal UBE3A gene deletion. Under the amended protocol, approximately 12 patients will be enrolled into two cohorts split by age: patients ages 4 to 7 years will be enrolled into Cohort 4, and patients ages 8 to 17 years will be enrolled into Cohort 5. The starting doses in Cohorts 4 and 5 will be 3.3 and 5 mg, respectively. Patients will receive 3 to 4 monthly doses, titrated individually through smaller steps than the first three cohorts with increases based on response and enhanced safety monitoring. Patients will then move to a maintenance phase during which they will receive GTX-102 every three months and continue to be monitored for response and safety. In this phase, dose titration may continue up to a maximum individual dose of 14 mg. A national regulatory agency in Europe has also agreed in principle on the expansion of the trial to Europe using the same proposed modified study design, dosing, and administration strategy, pending review and approval of the application. The application to initiate the clinical study in this region has been recently submitted. Discussions with the U.S. Food and Drug Administration are ongoing, including a review of additional safety assessments which have been provided.
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RNGTF | Hot Stocks08:28 EDT Osisko Development announces drilling results from Cariboo project - Osisko Development is pleased to announce drilling results from the 200,000-meter 2021 exploration and category conversion drill program campaign at its Cariboo Gold Project in central British Columbia. A total of ten diamond drill rigs are currently active on the Cariboo Project. Lowhee Zone Overview: Two rigs currently operating on Lowhee Zone located on Barkerville Mountain. Recent results include holes BM-21-001 to BM-21-018. Mineralized vein corridors are currently defined along 650 meters strike by 350 meters in the sandstone to a depth of 275 meters and is open in all directions. Lowhee is interpreted to be the strike extension of Cow Mountain as shown in recent results. Based on the Mineral Resource Estimate dated October 5, 2020, at a cut-off grade of 2.10 g/t Au, the Lowhee Zone contains 46,000 oz in the indicated category and 105,000 oz Au in the inferred category based on only 23 drill holes. A total of 73 drill holes have since been drilled in the Lowhee Zone. Recent Drilling Highlights: 13.22 g/t Au over 2.60 meters in hole BM-21-001; 6.14 g/t Au over 6.55 meters in hole BM-21-002 including; 43.70 g/t Au over 0.60 meter in hole BM-21-002; 70.90 g/t Au over 1.00 meter in hole BM-21-013; 6.26 g/t Au over 7.60 meters in hole BM-21-015; 7.97 g/t Au over 4.05 meters in hole BM-21-016 including; 58.80 g/t Au over 0.50 meter in hole BM-21-016; 41.39 g/t Au over 1.10 meters in hole BM-21-017 including; 70.20 g/t Au over 0.60 meter in hole BM-21-017. Mineralized quartz veins on Cariboo are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the axis of the last folding event's folds and hosted within a brittle meta-sandstone or calcareous meta-sandstone. Vein corridors are modelled at a minimum thickness of 2 meters and average about 4.5 meters true width. Individual mineralized veins within these corridors have widths varying from centimeters to several meters and strike lengths from a few meters to over 50 meters. These corridors have been defined from surface to a vertical depth averaging 300 meters and remain open for expansion at depth and along strike. Gold grades are intimately associated with quartz vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins. True widths are estimated to be 60% to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.
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MSTR... | Hot Stocks08:27 EDT MicroStrategy sinks 8% to $448.01 with bitcoin dropping 15% to $38,253
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TGT ULTA | Hot Stocks08:26 EDT Target: 100 Ulta shop-in-shops slated to launch in 2H
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HSC | Hot Stocks08:25 EDT Harsco releases 2020 ESG report - Harsco Corporation released its Environmental, Social & Governance Report, highlighting the Company's corporate sustainability accomplishments throughout fiscal year 2020. Highlights of the report include: Focus Areas and Goals: As part of its ESG strategy, Harsco has defined four focus areas where it creates value for the business and positive outcomes for stakeholders. Innovative Solutions: Derive over 90-percent of annual revenue from its environmental solutions businesses. Recycle or repurpose more than 75-percent of the waste and byproduct material it processes annually. Thriving Environment: Reduce the energy and carbon intensity of the Company's operations 15-percent by 2025. Avoid more than 25 million tons of carbon emissions from its recycling and repurposing solutions from 2019 to 2025. Safe Workplaces: Achieve a Total Recordable Incident Rate of less than 1.0 in 2021. Demonstrate continuous improvement in its five-year safety record. Inspired People: Enhance diversity and gender representation on the board and senior management team. Contribute over 10,000 hours of employee volunteer service to community organizations. To meet the growing needs of its partners, the planet and our global society, Harsco is committed to accelerating the transition to a circular economy by treating, recycling and repurposing industrial byproducts and specialty wastes. The Company recycled or repurposed over 75-percent of the material processed in 2020. Harsco Environmental 2021 Priorities: Increase proportion of mill services that provide environmental benefits to steel customers. Grow Applied Products and SteelPhalt businesses. Rebalance its portfolio to be more environmentally focused. Clean Earth 2021 Priorities: Focus on organic growth opportunities, including growing the new Fullcircle Advanced Waste Lifecycle Program, a concierge service that carefully and strategically analyzes waste before it even happens. Add treatment capabilities at existing transfer, storage and disposal facilities. Harsco implemented an ESG modifier for its executive leadership team and some additional employee participants in the Company's annual incentive plan, modifying these individuals' annual variable compensation by +/- 10-percent across several ESG dimensions, including health and safety, environmental compliance, ethics and compliance, diversity, equity and inclusion, and employee engagement and development.
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TGT | Hot Stocks08:24 EDT Target: Private label brands grew about 36% in Q1
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AMTX | Hot Stocks08:22 EDT Aemetis begins construction of centralized biogas cleanup unit - Aemetis announced that its Aemetis Biogas subsidiary reached a significant milestone by starting construction of the dairy biogas cleanup and compression unit for the Aemetis Biogas Central Dairy Digester Project. The biogas cleanup unit will produce Renewable Natural Gas that meets utility gas pipeline standards and will be utilized as transportation fuel. This week, construction crews began site preparation and excavation, after which they will pour the cement foundation and then install and connect process equipment. The biogas cleanup unit will be co-located at the Aemetis advanced ethanol plant in Keyes, California, and will be directly connected to the PG&E natural gas pipeline. The company plans to build 32 additional miles of biogas pipeline that will connect over 30 dairies to the gas cleanup unit and utility pipeline. In addition to the two operating dairies, the next phase of the Aemetis Biogas Central Dairy Project is scheduled to complete an additional 15 dairy digesters and 32 miles of pressurized biogas pipeline by the end of Q2 2022, generating an estimated 440,000 MMBtu per year of biogas.
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STL | Hot Stocks08:22 EDT Sterling Bancorp makes strategic investment in Finitive - Sterling Bancorp has made a capital investment in Finitive, a private credit marketplace that provides institutional investors with direct access to private credit transactions. Finitive will use the new capital to accelerate the growth of its automated platform for facilitating private credit transactions. Finitive provides investors with access to a multi-trillion-dollar market that spans a broad spectrum of sectors, including specialty finance, online lending, marketplace lending and private credit funds.
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TGT | Hot Stocks08:21 EDT Target committed to spending more than $2B with Black-owned businesses by 2025
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VRA | Hot Stocks08:20 EDT Vera Bradley appoints Nancy Twine to board of directors - Vera Bradley announced that Nancy Twine, Founder and CEO of Briogeo Hair Care, has been nominated to join its Board of Directors. Twine will replace director Michael Miller upon his retirement from the Vera Bradley, Inc. Board in June 2021, and with this appointment, the Company will have 60% female board representation and be one of just a few public companies with a female majority board.
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RTX | Hot Stocks08:17 EDT Raytheon Technologies and GlobalFoundries partner for 5G connectivity - Raytheon Technologies and GlobalFoundries, a semiconductor manufacturer, will collaborate to develop and commercialize a new gallium nitride on silicon semiconductor that will enable game-changing radio frequency performance for 5G and 6G mobile and wireless infrastructure applications. Raytheon Technologies will license its proprietary gallium nitride on silicon technology and technical expertise to GF, which will develop the new semiconductor at its Fab 9 facility in Burlington, Vermont. Gallium nitride is a material used to build high-performance semiconductors that can handle significant heat and power levels.
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INFN | Hot Stocks08:17 EDT Infinera introduces suite of XR optics-powered coherent pluggable solutions - Infinera announced that it has expanded its portfolio of open optical networking solutions with a suite of coherent optical pluggables designed to seamlessly address point-to-point and point-to-multipoint transport applications from the network edge to the core. Leveraging innovative XR optics technology, Infinera's new suite of vertically integrated ICE-XR pluggables will offer network operators the performance, scale, and efficiency critical to the delivery of differentiated 5G, enhanced broadband, and next-generation cloud and business services. ICE-XR pluggables will support a range of transport rates, including 100G, 400G, and 800G, and utilize industry-standard form factors such as QSFP-28, QSFP-DD, and CFP2 to enable ease of deployment in a wide variety of router and transport devices. Initial ICE-XR pluggables are scheduled for release in 2022.
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TGT | Hot Stocks08:15 EDT Target CEO: Customers browsing again in stores, seeing growth in online, pickup - Comments taken from Q1 earnings conference call.
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SYTA | Hot Stocks08:14 EDT Siyata Mobile receives non-compliance notice from Nasdaq - Siyata Mobile announces that, on May 18, 2021, it received a notice from the Nasdaq Stock Market indicating that, as a result of not having timely filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2020, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. Nasdaq requires that the Company submit a plan no later than July 16, 2021 to regain compliance. If Nasdaq accepts the plan, Nasdaq can grant the Company an extension of up to 180 calendar days from the due date of the Form 20-F to regain compliance. The Company is working diligently and plans to file the Form 20-F as soon as practically possible. The Notice has no immediate impact on the listing of the Company's securities, which will continue to trade on Nasdaq, subject to the Company's compliance with other continued listing requirements of Nasdaq.
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USAU | Hot Stocks08:14 EDT U.S. Gold receives Bureau of Land Management approval for Keystone - U.S. Gold has received confirmation from the Bureau of Land Management that it accepted additional bonding for a further 50 acres of disturbance under its effective Plan of Operations, and as a result updated its potential 2021 summer exploration program at its 20-square-mile Keystone project, located in Nevada's Cortez Trend. This program will potentially test several drill targets in areas previously untested and is intended to follow up on preliminary results from previous years' drilling. Upon commencement, exploration is planned to pursue Carlin-type gold deposits in a variety of settings within the broader Keystone land package. U.S. Gold Corp. has received initial interest in the Keystone project from a variety of industry participants. As soon as access is possible throughout the project, further due diligence site visits will be conducted. Planned drilling in 2021 is expected to focus on the Sophia and Greenstone Gulch target areas, with a single hole at Tip Top to explore the Wenban 5 at depth to the east of previous drilling. For the 2021 planned summer exploration program, multiple angled and vertical drill holes are proposed within three high-potential target areas of Keystone.
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HSTO | Hot Stocks08:13 EDT Histogen, Amerimmune report publication on emricasan in COVID-19 - Histogen and its partner, Amerimmune reported the publication of the potential utility of emricasan in COVID-19 in Allergy, the official Journal of the European Academy of Allergy and Clinical Immunology. Amerimmune, in collaboration with Dr. Raavi Gupta from SUNY Downstate Medical Center and Dr. Lishomva Ndhlovu from Weill Cornell Medicine, demonstrated the impact of caspases in multiple blood cells beyond the acute stage of the disease. Their research concluded that caspases are elevated in patients with co-morbidities and persisted into much later stages of the disease, also referred to as long COVID. Moreover, the results were not just limited to the elevation of caspase-1 in white blood cells. There was also an elevation of caspase-3 in red blood cells. These findings have potential implications to understand the pathogenesis of complications of SARS-CoV2 infection such as extensive blood clot formation, resulting in significant morbidity and mortality. The collaborative work of SUNY Downstate and Weill Cornell Medical Center with Amerimmune demonstrated how in certain individuals regarded as "high risk", such as asthma, immune deficiencies and chronic sinopulmonary disease, there is already increased baseline caspase-1 expression, potentially setting the stage for complications if they were to be infected with SARS CoV2. All the assays used in this study were developed and validated by Amerimmune. This study now leads to more research opportunities to explore why some individuals develop worse outcomes, whereas some others remain asymptomatic. Most importantly, the team showed that Emricasan, a pan-caspase inhibitor, can effectively reduce the caspase expression in in vitro, paving the way to the use of pan-caspase inhibition as a treatment modality in COVID-19. "Emricasan is a small molecule pan-caspase inhibitor that is administered orally, which has been shown to reduce caspase related inflammation in tissues. This therapeutic modality could address the events at the onset of the COVID-19 process and may have the potential to prevent the down-stream COVID-19 related complications," said Oral Alpan, MD, CEO of Amerimmune. "The findings from this important research support the potential of emricasan as a treatment option for COVID-19 in the acute and long-haul phases of the disease," said Richard Pascoe, President and CEO of Histogen. "We look forward to the anticipated completion of our ongoing Phase 1 Study in mild- symptomatic COVID-19 patients at SUNY Downstate Medical Center, in the second quarter of 2021."
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VMAR | Hot Stocks08:11 EDT Vision Marine Technologies announces contract with Limestone Boat Company - Vision Marine Technologies announced a supply agreement with The Limestone Boat Company. Limestone Boat to order a minimum of 25 E-Motion Electric Outboard Powertrains over the next 12 months. Contract is the initial step in Limestone's plans to significantly scale its electric boat footprint, utilizing Vision Marine's Disruptive Best-in-Class Powertrain Technology E-Motion. Limestone expects to sell up to 550 Boats in 2022, and greatly scale its electric footprint. Value of initial order estimated at $2M. Vision Marine will invest C$3.4M, $2.8M USD in Limestone through a convertible debenture. Addressing a $2.9B addressable market, expected to grow to $17B BY 2026. As a show of confidence in this partnership, and in recognition of Limestone's near and long-term value, Vision has invested $2.8M in Limestone's placement of 10% convertible debentures. Under the terms of the Agreement, subject to timely performance testing that meets agreed upon specifications, Vision Marine will supply Limestone with not less than 25 electric outboard powertrains over the next 12 months. Headquartered in Collingwood, Ontario, Limestone has a 145,000 sq. ft. manufacturing facility in Tennessee, with a large, skilled labor force as well as dealer network throughout the United States and the Canadian Great Lakes region. Limestone's mandate is to establish an industry leading early mover electric footprint in the traditional boating sector, focusing on the 20' to 29' market for its stable of brands including Limestone, Aquasport, and Boca Bay. Limestone expects to sell up to 550 boats in the 2022 calendar year. As a result of this partnership with Vision Marine, Limestone will take a significant step forward in offering an electric option for their boats and will work to establish Vision's powertrains in big water applications.
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TJX | Hot Stocks08:11 EDT TJX says Q2 comparable store sales trends remain similar to Q1 - The company said, "For the start of the second quarter of Fiscal 2022, overall open-only comp store sales trends remain similar to the first quarter. In the second quarter of Fiscal 2022, the Company expects total sales, pretax margin, and earnings per share to be negatively impacted from the temporary store closings described above. Due to the continued uncertainty of the current environment, the Company is not providing financial guidance at this time."
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XLRN | Hot Stocks08:10 EDT Acceleron gives interim results of Pulsar trial of sotatercept in PAH patients - Acceleron Pharma presented at the American Thoracic Society 2021 International Conference,ATS 2021, interim results from the open-label extension of the PULSAR Phase 2 trial of sotatercept in patients with pulmonary arterial hypertension,PAH. During the ATS 2021 session "Clinical Advances in Pulmonary Hypertension: Lessons from Best Abstracts," investigators reported that patients in the open-label extension period of the trial on stable background PAH-specific therapies experienced consistent or improved responses in multiple efficacy endpoints when treated with sotatercept for up to 48 weeks. Additionally, patients re-randomized to receive sotatercept on top of background therapies during weeks 24 to 48-after receiving placebo plus stable background therapy during the first 24 weeks of the trial-experienced clinical improvements consistent with those seen in the initial placebo-controlled treatment period. "It's truly exciting to be able to share data showing that patients with PAH can continue to benefit from ongoing treatment with sotatercept," said Habib Dable, President and Chief Executive Officer of Acceleron. "This duration of response among sotatercept-treated patients and demonstrable clinical efficacy in patients emerging from the placebo group further solidify the potential of sotatercept and its novel mechanism of action to offer an important new approach to treating a disease whose unmet need remains substantial." In the open-label extension period of the trial, investigators observed maintained or enhanced responses with sotatercept treatment in multiple study endpoints evaluated at week 48, including six-minute walk distance and World Health Organization (WHO) functional class. Patients treated with sotatercept in all cohorts also experienced reductions in levels of amino-terminal brain natriuretic propeptidea hormone secreted by cardiac muscle cells in response to stretching caused by increased blood volume in the heart.
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HTGC | Hot Stocks08:10 EDT HiberCell announces $30M debt facility from Hercules Capital - HiberCell announced that it has completed a Series B financing round for gross proceeds of $67.4 million. Concurrent to this financing, HiberCell closed on a $30 million debt facility with Hercules Capital. The Series B round included new investors Huizenga Capital Management, Monashee Investment Management, funds managed by Tekla Capital Management LLC, Hercules Capital, Mount Sinai Innovation Partners and other undisclosed investors. Returning investors, including ARCH Venture Partners, Magnetic Ventures, Bristol Myers Squibb, Trinitas Capital, and others from the Series A syndicate, also participated in the round. HiberCell will use the proceeds of the Series B financing and debt facility to support the clinical development of novel therapeutics targeting stress biology and innate immunity to address the role these play in prevention of cancer recurrence and metastasis.
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CNSP | Hot Stocks08:09 EDT CNS Pharmaceuticals begins patient enrollment in Berubicin study for GBM - CNS Pharmaceuticals announced open enrollment for its potentially pivotal study evaluating the efficacy and safety of Berubicin in the treatment of adult recurrent Glioblastoma Multiforme. CNS' lead product candidate, Berubicin, is a novel anthracycline and the first anthracycline to cross the blood-brain barrier. It is in development for the treatment of a number of serious brain and CNS oncology indications. The company intends to enroll approximately 210 subjects across 35 clinical sites in the U.S. and also plans to expand the trial into western Europe. The primary endpoint of the study is Overall Survival. Overall Survival is a rigorous endpoint that the FDA has recognized as a basis for approval of oncology drugs when a statistically significant improvement can be shown relative to a randomized control arm. Results from the trial will compare Berubicin to the current standard of care. In addition, sublicensee partner in Poland, WPD Pharmaceuticals, will initiate a Phase 2 multicenter clinical trial of Berubicin in adult GBM in the second half of 2021 as well as a Phase 1 multicenter clinical trial of Berubicin in pediatric gliomas in 2021. The FDA has granted CNS Pharmaceuticals Orphan Drug Designation for Berubicin, which provides seven years of marketing exclusivity upon approval of an NDA. CNS Pharmaceuticals intends to file for additional patents relating to Berubicin to further secure intellectual property protections.
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TAOP | Hot Stocks08:09 EDT Taoping launches Taoping Digital Assets subsidiary - Taoping announced the establishment of its majority-owned subsidiary, Taoping Digital Assets. Taoping Digital Assets is a Hong Kong limited liability company and its main business is expected to be managing Taoping G Cloud Hong Kong Data Center and providing support to the Company's five business divisions from Hong Kong. Mr. Chi To Ip was appointed as president of Taoping Digital Assets. The launch of Taoping Digital Assets is expected to further enhance the Company's international competitiveness and overseas supply chain, and advance TAOP's global development plan.
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STL | Hot Stocks08:08 EDT Sterling Bancorp announces strategic investment in Finitive - Sterling Bancorp announced it has made a capital investment in Finitive, a New York based financial technology firm. Founded in 2017, Finitive operates a data-driven platform that provides institutional investors with direct access to curated private credit transactions. Using technology and data to match institutional investors with private credit opportunities, Finitive seeks to simplify and accelerate the closing process, providing investors with seamless and frictionless access to investment opportunities while providing issuers with an efficient source of capital to meet their needs. Finitive's technology driven marketplace platform provides investors with access to a multi-trillion dollar market that spans a broad spectrum of sectors, including specialty finance, online lending, marketplace lending and private credit funds, and matches originators with a global network of institutional investors that can facilitate efficient access to capital. This investment reflects Sterling's strategic commitment to partnering with innovative venture and early stage financial technology companies that can accelerate the expansion of Sterling's digital offerings while delivering long-term growth.
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LIFE | Hot Stocks08:07 EDT aTyr Pharma presents preclinical research on ATYR2810 - aTyr Pharma announced that it will present a poster and participate in a live Q&A session at the Virtual Keystone Symposia on Cancer Stem Cells: Advances in Biology and Clinical Translation, which is being held May 19 - 21, 2021. The abstract and poster are available on the Keystone Symposia website. The poster presents preclinical findings demonstrating that ATYR2810, a Neuropilin-2 antibody, selectively blocks the NRP2/VEGFR signaling axis and sensitizes patient-derived xenograft models of triple-negative breast cancer to chemotherapy. Furthermore, gene expression data from TNBC xenograft samples and patient derived organoids show that ATYR2810 downregulates several cancer stem cell and epithelial-mesenchymal transition markers. "We are very excited about these recent findings, which build upon our understanding of the mechanistic impact of blocking the NRP2/VEGF signaling axis with ATYR2810 on aggressive tumor cells and demonstrate the molecular basis for its selectivity by directly obstructing the VEGF binding site on NRP2," said Leslie Nangle, Ph.D., Vice President, Research at aTyr. "The research presented here, which includes data in patient-derived xenografts, suggests that ATYR2810's ability to effect EMT and cancer stem cell properties may be one mechanism by which it mediates the anti-tumor effects we have observed. This work moves us closer to identifying the underlying characteristics within a tumor that may confer responsiveness to treatment with ATYR2810."
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CMG | Hot Stocks08:06 EDT Chipotle launches new virtual mental wellness platform called Strive - Chipotle Mexican Grill announced it has teamed up with Aduro to introduce a new wellness platform called Strive that will cultivate a holistic, proactive, and inclusive approach to improving mental health among its employees. Strive provides 1:1 coaching and support to help Chipotle employees set well-being goals that are tailored to their unique needs. The platform gamifies each employee's wellness experience with the opportunity to win gift cards, save money on health insurance, and more. With technology at the core of the experience, Strive will continue to evolve over time and help meet individuals where they are in their unique journey. The new virtual space will be available for Restaurant Managers, Field Leaders, and Restaurant Support Center employees starting in June.
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VMAR | Hot Stocks08:06 EDT Limestone Boat Company enters partnership with Vision Marine Technologies - The Limestone Boat Company announces a partnership with Vision Marine Technologies to produce its proprietary E-Motion electric propulsion powertrain option for select Limestone and Aquasport brand models.
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XLRN | Hot Stocks08:06 EDT Acceleron presents SPECTRA Phase 2 Trial data on sotatercept in PAH - Acceleron Pharma presented at the American Thoracic Society 2021 International Conference preliminary interim data from the SPECTRA Phase 2 trial of sotatercept in patients with pulmonary arterial hypertension, PAH. The findings, presented during the session "Clinical Advances in Pulmonary Hypertension: Lessons from Best Abstracts," included outcomes obtained from the first 10 patients evaluated among a total of 21 trial participants. These preliminary data from the ongoing trial, which is designed to assess resting and exercise hemodynamics and peak oxygen uptake-as recorded by invasive cardiopulmonary exercise testing (show that patients treated with sotatercept experienced improvements in multiple key hemodynamic measures. "Despite the relatively small number of patients evaluated to date, the consistency and scale of improvements seen in a range of clinically meaningful measures are very encouraging," said Aaron Waxman, M.D., Ph.D.*, Director, Pulmonary Vascular Disease Program at Boston's Brigham and Women's Hospital, who presented at ATS 2021. "Our analyses are ongoing, but observing such beneficial changes among heavily pretreated patients with fairly advanced disease suggests that sotatercept may be affecting the underlying pathology of PAH." In this single-arm, open-label multi-center exploratory study, a total of 21 patients with advanced PAH (classified as WHO functional class III) on stable combination background therapy are to be treated with an initial cycle of 0.3 mg/kg of sotatercept delivered subcutaneously, followed by subsequent cycles of 0.7 mg/kg of sotatercept through a 24-week treatment period.
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JBLU | Hot Stocks08:05 EDT JetBlue announces nonstop service to two London airports - JetBlue announced it will make its entrance into the transatlantic market with nonstop service between New York's John F. Kennedy international Airport and London Heathrow Airport starting August 11. The company will further enhance its U.S. and U.K. schedules with nonstop service between New York-JFK and London Gatwick Airport starting September 29. London service from Boston will start in Summer 2022.
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IGXT | Hot Stocks08:05 EDT IntelGenx announces noteholder approval of proposed amendments to notes - IntelGenx Technologies announced that the holders of its 6.0% convertible unsecured promissory notes due June 1, 2021, originally issued by private placement on May 8, 2018, have, by written consent in accordance with the terms of the Notes, approved proposed amendments to the Notes. As a result, the maturity date of the U.S.$1,600,000 principal amount of Notes will be extended from June 1, 2021 to October 31, 2024, the interest rate on the Notes will be increased from 6% to 8%, the conversion ratio for conversions at the option of Noteholders will be changed from 6,250 fully paid and non-assessable shares of common stock for each U.S.$5,000 aggregate principal amount of the Notes then outstanding to 11,363 fully paid and non-assessable shares of common stock for each U.S.$5,000 aggregate principal amount of the Notes then outstanding, effectively representing a reduction of the conversion price from U.S.$0.80 to U.S.$0.44, and te trigger price for a conversion at the option of IntelGenx will be reduced from U.S.$1.40 or greater for 20 consecutive trading days to U.S.$0.88 or greater for 20 consecutive trading days. The changes are expected to be effective as of June 1, 2021 and are subject to the final approval of the TSX Venture Exchange.
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CROJF | Hot Stocks08:03 EDT Marimaca Copper reports results from mapping, sampling at Cindy Target - Marimaca Copper is pleased to announce the results from underground mapping and sampling at the Cindy Target, which indicate broad zones of higher-grade mineralization. Highlights: Cindy is located approximately 5km north of the Company's flagship Marimaca Oxide Deposit. Underground channel sampling defines broad zones of higher-grade mineralization including: 38m @ 0.90% CuT, 112m @ 0.41% CuT, 36m @ 0.60% CuT, 48m @ 0.90% CuT and 160m @ 0.59% CuT; Historical underground workings selectively exploited high grade copper mineralization in magnetite breccias Consists primarily of copper oxides atacamite, brochantite and chrysocolla with some wad; Drilling commenced at the end of April targeting a 1,300m long complex with several magnetite breccias with the potential to host high grade copper mineralization; Targeting sulphide extensions to historical underground workings as well as exposed oxides; Progressing well with first results expected by end of May 2021. Sergio Rivera, VP Exploration of Marimaca Copper, commented: "We have now completed channel sampling of artisanal, underground, workings at Cindy. These are relatively shallow historic workings targeting high grade oxides and extend vertically over four levels, approximately 20 meters apart and with over 200 meters of strike length resulting in several hundred meters of drifts. Sampling highlighted broad zones of continuous copper oxide mineralization, including one area with 160 meters at 0.59% CuT, which had several samples greater than 1% CuT. The artisanal miners were targeting grades significantly in excess of 1% CuT, and the mineralization that has been left behind is extensive. We have also confirmed the importance of magnetite breccias, which control the highest-grade copper mineralization and were targeted by the artisanal miners. Importantly, we have found evidence of several magnetite breccias outside the area of the underground workings which will be targeted in the current drill program."
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PYPD | Hot Stocks08:01 EDT PolyPid announces FDA Type B meeting feedback for D-PLEX program - PolyPid announced it has received written responses from the U.S. Food and Drug Administration to a Type B meeting request that the Company submitted regarding its development plan for D-PLEX100. The FDA indicated that PolyPid's proposal for a single Phase 3 pivotal study, provided the study results are adequate, would provide sufficient evidence of clinical efficacy and safety to support approval of D-PLEX100 for the prevention of surgical site infections in colorectal surgery. The Type B meeting was requested following PolyPid's receipt of Breakthrough Therapy Designation from the FDA for D-PLEX100 for the prevention of SSIs in patients undergoing elective colorectal surgery. "We appreciate the thoughtful feedback from the FDA regarding our clinical program, and we are thrilled with the acceptance of our proposed development plan for the potential approval of D-PLEX100, which also reduces overall anticipated costs for the program," said Amir Weisberg, PolyPid's CEO. "PolyPid is dedicated to tackling the issue of SSIs that accounts for 20 percent of all healthcare-acquired infections in the U.S., resulting in extended hospital stays and readmission, costing up to $10 billion in annual medical costs. We will use the responses provided to progress our SHIELD I trial which continues to enroll patients at the expected rate, with over 200 patients enrolled to date, and we anticipate the availability of top-line results by the end of 2021." Launched in July 2020, SHIELD I is a prospective, multinational, multicenter, randomized, double blind Phase 3 trial designed to assess the efficacy and safety of D-PLEX100 for the prevention of incisional SSIs post-abdominal surgery. The primary endpoint of the trial is the combination of incisional SSIs and mortality rate as measured by the proportion of subjects with either an SSI event, as determined by a blinded and independent adjudication committee, or mortality for any reason within 30 days post-surgery. The trial will enroll a minimum of 616 patients, with a maximum of about 900 patients, as defined by the adaptive study design, in more than 60 centers in the United States, Europe and Israel.
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UIS | Hot Stocks07:59 EDT Unisys Dutch Pension Plan transferred to multi-employer fund - Unisys' primary pension plan related to its Dutch subsidiary has been transferred to a multi-client circle within a multi-employer fund effective May 1. This transaction results in the removal of all pension liabilities related to the plan, valued at approximately $550M, from the company's balance sheet. Unisys anticipates that this action will result in a one-time, non-cash, pre-tax settlement charge of approximately $185M. The action, along with the company's recently announced lump-sum cash-out offer and a separate annuity purchase for its U.S. pension plans, has resulted in the removal of a total of approximately $1.1B of pension liabilities from the Unisys balance sheet.
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J | Hot Stocks07:47 EDT Jacobs wins new Army Corps of Engineers contract - Jacobs was awarded a new contract to support the U.S. Army Corps of Engineers Mobile District Military Design and Construction Program. The contract supports task orders primarily involved in the design of facilities and infrastructure for construction at U.S. Army, U.S. Air Force, Special Operations Command, Defense Health Programs, and other Department of Defense programs and agencies primarily in the Southeast United States. USACE estimates the shared program capacity at $249M for a term not to exceed five years.
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MT SCGLY | Hot Stocks07:45 EDT ArcelorMittal announces shareholding notifications from Societe Generale - ArcelorMittal (MT) announces that on 19 May 2021 it received two shareholding notifications from Societe Generale (SCGLY). The notifications were made to reflect the entry into by Societe Generale SA mainly of various financial instruments. According to the notifications, the following thresholds of voting rights were reached: 5.10% on 14 May 2021, and 4.72% on 17 May 2021. These notifications do not require any adjustments to the disclosure of the Company regarding its shareholding structure as the Company only reports shareholding thresholds above 5% on its website since, following the above-mentioned 17 May 2021 notification, Societe Generale SA is again below this threshold.
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PSN | Hot Stocks07:37 EDT Parsons awarded $27M contract by Georgia Department of Transportation - Parsons announced that the company was awarded a change order by the Georgia Department of Transportation to continue serving as the owner's representative and general engineering consultant for the I-285/I-20 East Interchange reconstruction. The $27M contract includes concept development, environmental documentation, technical reviews and inspection services. The interchange reconstruction project is part of Georgia DOT's Major Mobility Investment Program, which aims to reduce travel time, relieve traffic, curb pollution and improve safety throughout the state. Parsons has supported this program for four years as part of the I-285/I-20 East Interchange reconstruction general engineering services contract. This contract extension will allow Parsons to continue supporting the program through 2025.
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OSIIF | Hot Stocks07:36 EDT Osino Resources provides update on drilling at Twin Hills project - Osino Resources Corp. is pleased to provide an update on infill drilling at its Twin Hills Gold Project in the Erongo Region of Namibia, including more specifically high-grade intercepts at its recent discovery at Clouds East. The Twin Hills Gold Project maiden resource was released on April 12th, 2021 including 0.43Moz @ 1.00g/t in the Indicated category and 1.47Moz at 1.08g/t in the Inferred category with a cut-off grade of 0.5g/t. The in-fill drill program is aimed at converting the bulk of the mineralization to the Indicated and Measured Categories and includes approximately 42,000m of drilling to be completed by July 2021. The first resource drill program included 69,000m of drilling and was carried out at a collar spacing of 50m x 50m with small areas of denser drilling in zones of geological complexity. The in-fill drill program commenced in March 2021 and is being carried out on a staggered 50m x 50m pattern, resulting in an effective maximum drill spacing of approximately 32m to 35m. Certain areas may be drilled to a tighter spacing to ensure a minimum Indicated resource classification to be achieved before the end of 2021. There are currently 4 reverse-circulation rigs drilling the holes of up to 220m in depth around the margins of the modelled pit at THC, Bulge and Clouds and 5 diamond rigs drilling the in-fill holes of greater than 220m in the center of the pits. The in-fill program includes a total of approximately 42,000m to be completed by July 2021 with assay results expected around 2 months later. In-fill assays received since March 30, 2021 include the best intercept to date at Clouds with most of the other assays still outstanding. OKR211 and OKR152 are shallower holes to the south on the same section line, which were completed recently. Assays for these holes are expected to be received shortly. Additional deeper and lateral step-out holes, outside of the resource envelope, have also been completed in order to test down-dip and strike extensions of the known Clouds orebody. In-fill assays at the Bulge and Twin Hills Central confirm the consistency and grade of mineralization that was indicated in the first round of drilling with intercepts of up to 186m wide. Deeper in-fill holes at the Bulge and THC are being drilled with diamond rigs as experience to date has shown that RC drilling tends to start deviating significantly at a depth of greater than 220m. A brownfields exploration program to test 14 high-priority targets was announced on March 25, 2021. The targets include gold-in-calcrete, magnetic and IP anomalies within 10km of THC which are being tested as part of this ongoing drill program. Of the planned 25,000m of drilling, approximately 17,889m has already been completed to-date with assay results expected to start arriving within the next two weeks.
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QLGN BDX | Hot Stocks07:33 EDT Qualigen Therapeutics appoints Tariq Arshad as CMO - Qualigen (QLGN) announced the appointment of Tariq Arshad, MD, MBA to the newly-created position of Senior Vice President, CMO. Most recently, Dr. Arshad was Global Head of Medical Affairs and Clinical Research for Becton Dickinson BioSciences (BDX) in San Jose, California where he led a team of MDs and PhDs driving scientific strategy for a cutting-edge immuno-oncology focused portfolio.
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NAVB | Hot Stocks07:33 EDT Navidea receives drug delivery vehicles patent from USPTO - Navidea announced that the U.S. Patent and Trademark Office, or USPTO, issued to Navidea U.S. patent 11,007,272, entitled "Compounds and Methods for Diagnosis and Treatment of Viral Infections," with protection to October 7, 2037. This patent protects the use of Navidea's mannosylated dextran-based drug delivery vehicles to deliver small molecule therapeutic payloads as possible therapies for a variety of diseases caused by a group of viruses known as flaviviruses. Specific flaviviruses disclosed in the patent include those that cause dengue, yellow fever, and Zika fever.
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CYRX | Hot Stocks07:33 EDT Cryoport opens new Global Logistics Center in Singapore - Cryoport's wholly owned operating companies, Cryoport Systems and CRYOPDP, have jointly opened a new Global Logistics Center in Singapore. This follows the launch of Cryoport Systems' and CRYOPDP's first jointly operated Global Logistics Center in Osaka, Japan in 4Q20. As with all the company's existing Global Logistics Centers, the Singapore facility is outfitted to handle all Cryoport solutions, with capabilities covering the full temperature range. Cryoport is continuing to build out our position to support the growing number of commercial therapies in this region. This includes key APAC countries such as Singapore, Japan, South Korea and Australia, and its many years of experience providing premium and white glove services to thousands of life sciences clients in the region.
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CYTK | Hot Stocks07:32 EDT Cytokinetics, ALS Association renew partnership in fight against ALS - Cytokinetics, Incorporated and The ALS Association announced the continuation of their partnership in the fight against ALS. Cytokinetics is a sponsor of the 2021 ALS Roundtables and ALS Focus, a patient and caregiver led survey program to learn about individual experiences with ALS. Cytokinetics is also a Platinum Level Sponsor for initiatives led by The ALS Association Golden West Chapter, including grant funding for care services for people with ALS in the Bay Area. In 2021, Cytokinetics will continue to support and participate in several virtual events and initiatives with The ALS Association focused on continuing disease awareness and education, including the 2021 ALS Roundtables, during which patients, caregivers, industry, researchers, insurers and clinicians convene to discuss various topics of importance to the ALS community.
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WDOFF | Hot Stocks07:24 EDT Wesdome Gold Mines announces results from Kiena Mine Complex - Wesdome Gold Mines announces underground exploration drilling results from the new high grade gold discovery in the footwall of the Kiena Deep A Zone at the Company's 100% owned Kiena Mine Complex in Val d'Or, Quebec. On March 23, 2021, Wesdome announced the initial discovery of a new high grade gold zone in the footwall of the A Zone, which has been the focus of our drilling over the past several months. In addition, drilling has been ongoing to extend the A Zone laterally and down plunge. To date, the Footwall Zone is defined by new intersections of gold mineralization located within a 50 metre wide corridor adjacent to the footwall of A2 Zone. Gold mineralization is associated with quartz +/- visible gold veins that are spatially associated with amphibolite altered komatiite and basaltic komatiite units. In some areas, gold mineralization is also observed in deformed basalt and/or flow breccias present within ultramafic units. Similar to the Kiena Deep A Zone, gold mineralization is deformed by subsequent folding, shearing, and faulting. Up to now, only 6 holes passed through the lithologies containing gold mineralization of the Footwall Zone. Given the limited drilling, it is difficult, at this time, to determine an exact number of new lenses forming the corridor of the Footwall Zone. The orientation, dip and geometry of these new lenses are still not known with sufficient certainty to determine the true widths. The Footwall Zone corridor remains open laterally and down plunge. The location of new gold intercepts in recent holes suggest that Footwall Zone extends over 300 m along plunge. The deepest hole returned 41.2 g/t Au over 51.2 m core length. Hole 6760W1: 41.2 g/t Au over 51.2 m core length; Hole 6742W3: 27.7 g/t Au over 12.3 m core length; Hole 6742W10: 16.7 g/t Au over 9.0 m core length. All assays cut to 90.0 g/t Au. True widths are unknown at this time. Ongoing drilling also continues to better define and expand the Kiena Deep A Zone predominantly along the lateral extensions of the zone. The high grades intersected will be included in future resource updates as the intercepts are located both inside and outside the December 2020 mineral resource estimate which is the foundation on which the current PFS has been established. Hole 6750: 122.1 g/t Au over 7.5 m core length A Zone; Hole 6742W3: 96.1 g/t Au over 8.0 m core length A1 Zone; Hole 6735: 24.5 g/t Au over 17.3 m core length A1 Zone. All assays cut to 90.0 g/t Au. True widths are estimated.
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RNLX | Hot Stocks07:21 EDT Renalytix, Atrium Health, Wake Forest Baptist Health partner for kidney health - Renalytix AI, Atrium Health, Wake Forest Baptist Health and Wake Forest School of Medicine announced a partnership to implement an advanced clinical care model designed to improve kidney health and reduce kidney disease progression and kidney failure in high-risk populations. The KidneyIntelX bioprognostic platform for early-stage diabetic kidney disease risk assessment will be available through Atrium Health's electronic health record system, providing access to primary care physicians, endocrinologists, nephrologists and care teams throughout 37 hospitals and more than 1,350 care locations across the Carolinas and Georgia. Charlotte, North Carolina-based Atrium Health serves more than 7 million people in the region, providing care under the Wake Forest Baptist Health name in the Winston-Salem, N.C. region and Atrium Health Navicent in Georgia. The partnership with Renalytix enables focused population health initiatives in kidney disease and will provide real-world evidence of optimized delivery of care, improved quality of life, and reduced healthcare costs. Renalytix will co-locate personnel in Winston-Salem to support the partnership program with Wake Forest School of Medicine at the Innovation Quarter's iQ Healthtech Labs, which is the core industry partnership hub of the innovation district. Renalytix and Atrium Health believe the partnership is closely aligned with the core precision medicine and healthy aging sectors that are a focus of iQ Healthtech Labs. The new program initially targets diabetes-associated kidney disease, a critical healthcare need in the region served by Atrium Health and designated by the Centers for Disease Control and Prevention as the "diabetes belt" and the "kidney disease belt." In this region in particular, but also nationally and internationally, costs and patient suffering related to diabetes and its associated complications are increasing at unsustainable rates. The partnership also powers a five-year, multi-center evidence development program across the region, in which patients with chronic kidney disease will receive the KidneyIntelX test as part of a comprehensive care solution to drive quantifiable improvements in patient outcomes. KidneyIntelX will also be made broadly available to patients with both private and government insurance, including Medicare beneficiaries under the Medicare Coverage of Innovative Technology expected to be fully implemented in December 2021. RenalytixAI will be providing financial support to Atrium Health in the form of collaborative research and development, digital health technology deployment, education program delivery and third-party resources in each of these critical areas.
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SLN | Hot Stocks07:18 EDT Silence Therapeutics announces data from GEMINI Phase 1 study of SLN124 - Silence Therapeutics announced topline data from the GEMINI phase 1 study of its wholly owned product candidate, SLN124, in healthy volunteers. SLN124, an siRNA which targets TMPRSS6, is in development for the treatment of iron-loading anemia conditions, thalassemia and myelodysplastic syndrome. The GEMINI phase 1, randomized, double-blind, placebo-controlled, single-ascending dose study evaluated the safety and tolerability of SLN124 in 24 healthy volunteers. Pharmacokinetic parameters and pharmacodynamic biomarkers of iron metabolism were also measured to assess reduction in iron. Initial data from the study showed all doses of SLN124 were generally well-tolerated with no serious or severe treatment emergent adverse events or TEAEs leading to withdrawal. TEAEs did not appear to be dose dependent and the majority were mild, including transient injection site reactions which resolved without intervention. Notably, up to an approximate four-fold increase in average hepcidin and 50% reduction in plasma iron levels were also observed after a single dose of SLN124. Effects on hepcidin and iron appear to be dose dependent and were still observed at the end of the 8-week study at all dose levels, indicating a sustained and long duration of action. These clinical data support preclinical findings which demonstrated SLN124 effectively improved red blood cell production and reduced anemia by increasing levels of hepcidin - a key natural regulator of iron balance and distribution in the body. The Company expects to measure red blood cell production and effects on anemia in the ongoing GEMINI II phase 1 study of SLN124 in people with thalassemia and MDS, who unlike healthy volunteers have significantly elevated iron levels. Silence expects to present full data from the GEMINI phase 1 study of SLN124 in healthy volunteers at an appropriate scientific meeting later this year. In addition, the Company plans to report data from the single-ascending dose portion of the ongoing GEMINI II phase 1 study of SLN124 in people with thalassemia and MDS in the second half of this year. SLN124 has Orphan Drug Designation for both conditions and rare pediatric disease designation for beta thalassemia.
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SLNCF | Hot Stocks07:18 EDT Silence Therapeutics announces data from GEMINI Phase 1 study of SLN124 - Silence Therapeutics announced topline data from the GEMINI phase 1 study of its wholly owned product candidate, SLN124, in healthy volunteers. SLN124, an siRNA which targets TMPRSS6, is in development for the treatment of iron-loading anemia conditions, thalassemia and myelodysplastic syndrome. The GEMINI phase 1, randomized, double-blind, placebo-controlled, single-ascending dose study evaluated the safety and tolerability of SLN124 in 24 healthy volunteers. Pharmacokinetic parameters and pharmacodynamic biomarkers of iron metabolism were also measured to assess reduction in iron. Initial data from the study showed all doses of SLN124 were generally well-tolerated with no serious or severe treatment emergent adverse events or TEAEs leading to withdrawal. TEAEs did not appear to be dose dependent and the majority were mild, including transient injection site reactions which resolved without intervention. Notably, up to an approximate four-fold increase in average hepcidin and 50% reduction in plasma iron levels were also observed after a single dose of SLN124. Effects on hepcidin and iron appear to be dose dependent and were still observed at the end of the 8-week study at all dose levels, indicating a sustained and long duration of action. These clinical data support preclinical findings which demonstrated SLN124 effectively improved red blood cell production and reduced anemia by increasing levels of hepcidin - a key natural regulator of iron balance and distribution in the body. The Company expects to measure red blood cell production and effects on anemia in the ongoing GEMINI II phase 1 study of SLN124 in people with thalassemia and MDS, who unlike healthy volunteers have significantly elevated iron levels. Silence expects to present full data from the GEMINI phase 1 study of SLN124 in healthy volunteers at an appropriate scientific meeting later this year. In addition, the Company plans to report data from the single-ascending dose portion of the ongoing GEMINI II phase 1 study of SLN124 in people with thalassemia and MDS in the second half of this year. SLN124 has Orphan Drug Designation for both conditions and rare pediatric disease designation for beta thalassemia.
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TELA | Hot Stocks07:16 EDT Tela Bio initiates BRAVO II study of OviTEX - TELA Bio launched the company's second post-market study, BRAVO II, to evaluate the clinical performance of OviTex Reinforced Tissue Matrices in the robotic repair of ventral hernias. The first patient was enrolled at St. Lukes's Hospital in Overland Park, Kansas. The company expects to enroll up to 100 subjects in the BRAVO II study at up to seven US-based sites, with patient follow-up at 90 days, 12 months, and 24 months. Study researchers will primarily monitor the incidence of early postoperative surgical site occurrences, wound-related events, and other complications within three months of surgery. Secondarily, researchers will monitor the incidence of true hernia recurrence, surgical site occurrences, and other complications occurring after three months post-surgery. Patient reported outcomes will be evaluated and recorded using quality of life and pain assessments.
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LABP ESPR | Hot Stocks07:16 EDT Landos Biopharma appoints Tim Mayleben to board of directors - Landos Biopharma, Inc (LABP) announced the appointment of Tim Mayleben to its Board of Directors. Mayleben was most recently the President, CEO and Director of Esperion Therapeutics (ESPR), a pharmaceutical company focused on the development and commercialization of therapies for the treatment of patients with elevated levels of LDL-cholesterol.
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ARKO | Hot Stocks07:14 EDT Arko Corp. closes acquisition of ExpressStop chain - GPM Investments, LLC, a wholly owned subsidiary of ARKO, announced the closing of the acquisition of the ExpressStop chain, including 60 convenience stores with gas in Michigan and Ohio. This acquisition complements GPM's consolidation strategy and adds to its already existing stores in Michigan and Ohio. This acquisition brings GPM to approximately 3,000 locations of which approximately 1,400 are company-operated and approximately 1,625 are dealer sites to which we supply fuel.
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TRVN | Hot Stocks07:13 EDT Trevena announces presentations on OLINVYK health economic models - Trevena announced two poster presentations at the International Society for Pharmacoeconomics and Outcomes Research 2021 Annual Conference. The conference is being held virtually from May 17th to 20th, 2021. The posters highlight two health economic models developed for OLINVYK injection, which estimate the budget impact of OLINVYK compared to IV morphine when used on-demand in a hospital setting for postoperative pain. Both models were also presented at the Academy of Managed Care Pharmacy 2021 Annual Meeting. The base case model calculates a ~$230,000 decrease in total cost of care per 1,000 patients associated with OLINVYK, compared to IV morphine. When limited to patients who are both elderly and obese, the expected savings associated with OLINVYK increase to ~$364,000 per 1,000 patients, with the total cost of care associated with IV morphine exceeding $1.25M per 1,000 patients. These cost savings are due to reduced AEs for OLINVYK-treated patients, as observed in the Phase 3 pivotal trials, and using a conservative, low-end estimate of AE costs based on government and published literature sources.
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XEBEF... | Hot Stocks07:12 EDT Xebec Adsorption appoints Jim Vounassis as COO - Xebec Adsorption (XEBEF) is pleased to announce Jim Vounassis will be appointed as COO and Mike Munro will join as the company's first Vice President Global Operations effective May 31, 2021. Vounassis was most recently COO at Bombardier Transportation, now part of Alstom (ALSMY). Munro was most recently the Canadian General Manager at GE Power Conversion (GE).
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FLGC | Hot Stocks07:10 EDT Flora Growth forms Flora Lab manufacturing division - Flora Growth Corp. announced the formation of Flora Lab, a consolidated manufacturing division that will be comprised of the recently acquired Quipropharma Lab and the strategic business combination of its two medical-focused divisions, Cronomed and Breeze Laboratory. The newly formed division is underpinned by Quipropharma Lab, a modern 16,000-square-ft manufacturing facility and holds multiple GMP certifications with a diversified portfolio with over 190 products and 63 OTC products registered and licensed with INVIMA. With both branded products and a suite of wholesale white-label clients, Flora Lab is expected to serve as the manufacturing centre for Flora. The addition of the new manufacturing certifications and production capacity from Quipropharma when combined with Breeze and Cronomed's existing distribution network is expected to increase Flora's overall revenue potential. Looking forward, the division will be focused on expanding its 1,500+ distribution channels and developing new cannabinoid and non-cannabinoid containing products to sell to its network of pharmacies and wholesale clients. Some highlights from Quipropharma Lab include: The laboratory is a modern 16,000-square-ft facility. The laboratory holds 2 GMP certifications: Phytotherapeutics; Dietary Supplements. The laboratory has the capability to produce CBD-containing products. The laboratory holds 18 domestic clients and sells branded products along with white-label products.
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ADN | Hot Stocks07:09 EDT Advent Technologies participates in IPCEI 'White Dragon' proposal submission - Advent Technologies Holdings announced the achievement of an important milestone in the development of hydrogen technologies. Specifically, on Wednesday, May 5, the national proposal for hydrogen technologies "White Dragon" was submitted by a group of the largest energy companies in Greece. The proposal sets forth a future vision for the entire hydrogen value chain and a path to expand its role in the Greek energy system's reduced carbon goals. DEPA Commercial will serve as the project coordinator of "White Dragon" and, in collaboration with Advent Technologies, Damco Energy S.A., PPC Greece, The Hellenic Gas Transmission System OperatorS.A., Hellenic Petroleum, Motor Oil, Corinth Pipeworks, TAP and Terna Energy (together the "consortium"), on May 5, 2021, submitted the consortium's proposal, a more than 8 billion euro plan for the development of an innovative, integrated green hydrogen project in Greece, to the Greek government and the European Union. The proposal already has the support of the Region of Western Macedonia and the Cluster of Bioeconomy and Environment of Western Macedonia
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GTLS | Hot Stocks07:08 EDT Chart Industries completes EUR6.5M minority investment in Cryomotive - Chart Industries announced the completion of a minority investment in Cryomotive GmbH for the amount of EUR6.5M and offers an in-kind contribution to develop Cryomotive's cryogenic storage and refueling technology. The company said, "Cryomotive is a leading green-tech mobility startup in Germany developing a disruptive clean hydrogen storage and refueling technology platform focused on compressed cold hydrogen and cryogenic high-pressure storage. Cryomotive's proprietary CcH2 CRYOGAS technology aims to decarbonize long-haul commercial vehicles while keeping the range and fueling times similar to diesel powered vehicles and reaching parity in costs of ownership before 2030. The market for fuel cell powered long-haul commercial vehicles is expected to rapidly grow to more than 700,000 units by 2035 in Europe and China alone, and this does not include additional application areas such as coach buses, trains, ships and aircraft." Cryomotive and Chart have entered a strategic partnership, including Chart's minority investment and in-kind contribution, as well as a commercial agreement. The development and supply partnership will enable Cryomotive to leverage its proprietary technology jointly with Chart's established position in the refueling and hydrogen station market. As the options for heavy duty hydrogen fueling continue to be analyzed by the end users, this supply partnership provides another option for Chart's customers, as Chart is now offering both liquid hydrogen, as well as CcH2 cryogenic high-pressure refueling and storage. As the result of this investment and agreement, Chart is increasing its hydrogen addressable market by $100M to include the application of the liquid hydrogen pump, hydrogen storage tanks and transportation systems specifically on Cryomotive applications in the next five years.
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BGNE | Hot Stocks07:06 EDT BeiGene announces FDA accepts sNDA for BRUKINSA to treat lymphoma - BeiGene announced that the U.S. Food and Drug Administration, FDA, has accepted a supplemental new drug application,sNDA, for BRUKINSA zanubrutinib, for the treatment of adult patients with marginal zone lymphoma (MZL) who have received at least one prior anti-CD20-based therapy and granted priority review. The Prescription Drug User Fee Act, PDUFA, target action date is September 19. "This is our first regulatory submission in MZL, a serious disease diagnosed in more than 2,000 patients every year in the U.S., with no clear standard of care. In clinical trials, BRUKINSA has demonstrated promising efficacy and tolerability in MZL and presents a potential new option for MZL patients," said Jane Huang, M.D., Chief Medical Officer, Hematology at BeiGene. "We look forward to continuing
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PPBT | Hot Stocks07:06 EDT Purple Biotech appoints Suzana Nahum-Zilberberg to board of directors - Purple Biotech announced the appointment of Suzana Nahum-Zilberberg to its Board of Directors. Ms. Nahum-Zilberberg currently serves as Vice Chairman of the Board of BioLight Life Science, which is traded on the Tel Aviv Stock Exchange, and from 2011 to 2020 served as the CEO of BioLight. Purple Biotech's Board of Directors now includes eight members, six of whom are independent. Ms. Nahum-Zilberberg will serve as a member of the third class of the Board of Directors until the annual general meeting of shareholders to be held in 2021, at which time she may stand for reelection.
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XPO... | Hot Stocks07:05 EDT XPO Logistics appoints Angus Tweedie as SVP, strategy for GXO Logistics - XPO Logistics (XPO) announced that Angus Tweedie has been appointed to the leadership team of GXO Logistics, Inc., the intended spin-off of XPO's logistics business. Tweedie will join XPO later this month and become senior vice president, strategy for GXO when the planned spin-off is complete. Working with Mark Manduca, GXO's chief investment officer, Tweedie's responsibilities will include analyzing growth opportunities for GXO, as well as communicating the company's investment rationale to the global investment community. Tweedie has led two highly ranked research teams in Europe: Citigroup's (C) European automotive research and Bank of America Merrill Lynch's (BAC) travel and leisure research. As previously announced, XPO expects to spin off its logistics business as a separate, publicly traded company in the second half of 2021.
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ZIM | Hot Stocks07:05 EDT ZIM Integrated declares special dividend of $2.00 per share - Zim Integrated declared a special cash dividend of $2.00 per ordinary share that will be paid on September 15 to all holders of record of ordinary shares as of August 25.
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ALRN | Hot Stocks07:03 EDT Aileron Therapeutics to host KOL event on chemotherapy-induced toxicities - Aileron Therapeutics announced that it will host a key opinion leader investor event focused on the topic of protecting cancer patients from chemotherapy-induced toxicities on Wednesday, May 26, 2021 at 11:00 am ET. The fireside chat, moderated by Soumit Roy, Ph.D., Managing Director at JonesTrading, will feature Alan List, M.D. and Lodovico Balducci, M.D., discussing the unmet need in addressing chemotherapy-induced toxicities, the resulting medical impact and quality-of-life burden on cancer patients, as well as the opportunity for a new paradigm known as chemoprotection that focuses on proactive prevention. Aileron's dual MDM2/MDMX inhibitor, ALRN-6924, is currently in clinical development as a therapeutic agent designed to deliver selective chemoprotection for patients with p53-mutated cancers. 50% of all cancer patients have p53-mutated cancer. ALRN-6924 has demonstrated a protective effect against chemotherapy-induced bone marrow toxicities, including neutropenia, thrombocytopenia and anemia, in a Phase 1b trial in patients with p53-mutated small cell lung cancer undergoing treatment with topotecan in second line of therapy. In the second quarter of 2021, Aileron plans to initiate a Phase 1b randomized, placebo-controlled trial of ALRN-6924 in patients with p53-mutated non-small cell lung cancer who are receiving first-line carboplatin plus pemetrexed.
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LOGC | Hot Stocks07:01 EDT LogicBio Therapeutics promotes Daniel Gruskin, MD, to Chief Medical Officer - LogicBio Therapeutics announced the promotion of Daniel Gruskin, MD, as chief medical officer. Dr. Gruskin most recently served as senior vice president and head of clinical development. The company also announced the appointment of Stephen Boyer, PhD, as vice president of regulatory and quality affairs, and Peter Pechan, PhD, as vice president of gene therapy, who will support progress in the Phase I/II SUNRISE clinical trial of LB-001, the company's investigational treatment for methylmalonic acidemia based on LogicBio's proprietary gene insertion platform, GeneRide, and gene therapy programs leveraging the Company's sAAVy platform.
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BTAI | Hot Stocks07:01 EDT BioXcel Therapeutics announces FDA acceptance of NDA filing for BXCL501 - BioXcel Therapeutics announced that the U.S. Food and Drug Administration has accepted for filing the New Drug Application for BXCL501, the Company's proprietary, investigational, orally dissolving thin film formulation of dexmedetomidine, for the acute treatment of agitation associated with schizophrenia and bipolar disorders I and II. The FDA has assigned a Prescription Drug User Fee Act target action date of January 5, 2022. At this time, the FDA is not planning to hold an advisory committee meeting to discuss the application. The application is supported by data from two randomized, double-blinded, placebo-controlled, parallel group Phase 3 studies of BXCL501 for the acute treatment of agitation associated with schizophrenia and bipolar disorders I and II, respectively. In both trials, BXCL501 was well-tolerated and met the primary and secondary endpoints at the 120 mcg and 180 mcg doses, demonstrating statistically significant, rapid and durable improvements from baseline versus placebo across multiple agitation scales.
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F... | Hot Stocks06:59 EDT EU passenger car registrations up 218.6% in April - In April, new car registrations surged by 218.6% in the European Union because of last year's low base of comparison, reported the European Automobile Manufacturers Association. "Despite this big percentage increase, last month's sales volume was almost 300,000 units lower than that recorded in April 2019," the group said. "From January to April 2021, EU demand for passenger cars increased by 24.4% to reach 3.4 million units registered in total, with the last two months providing a substantial boost," said the ACEA. Publicly traded automakers include Daimler AG (DDAIF), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY). Reference Link
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JD | Hot Stocks06:57 EDT JD.com CEO says Q1 'another strong quarter of growth' - "As we mark JD.com's 18th anniversary, we are pleased to deliver another strong quarter of growth to kick off 2021," said Richard Liu, Chairman and CEO of JD.com. "Since our establishment, JD's focus on customers has set us apart and today we are proud that 500 million active users rely on JD's broad selection of quality products and best-in-class customer services to support every aspect of their lives. JD is also increasingly the partner of choice for millions of businesses who benefit from our advanced supply-chain infrastructure to reduce costs and boost operating efficiency." "As our strong growth momentum from last year continued into the first quarter of 2021, we are also encouraged by the diversification of our revenue streams with an increasing contribution from service revenues." said Sandy Xu, CFO of JD.com. "JD Retail's operating margin further expanded during the quarter, as we continue to drive stronger operating leverage through technology and innovation."
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TATT | Hot Stocks06:56 EDT TAT Technologies announces repair facility partnership with Lufthansa Technik - TAT Technologies announced a partnership with Lufthansa Technik Shenzhen to establish a repair facility in China for maintenance, repair and overhaul, or MRO, of aircraft heat transfer components. The facility will support operators in the Asia Pacific region. In the interim, the companies have begun supporting operators in China through TAT Technologies. With the partnership, the companies aim to establish a position in China and are looking forward to starting the new venture.
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JD | Hot Stocks06:55 EDT JD.com reports Q1 annual active customer accounts up 29% to 499.8M - Annual active customer accounts increased by 29.0% to 499.8M in the twelve months ended March 31 from 387.4M in the twelve months ended March 31, 2020.
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SON | Hot Stocks06:50 EDT Sonoco ThermoSafe, Cathay Pacific Cargo expand partnership - Sonoco ThermoSafe, a unit of Sonoco, and Cathay Pacific Cargo announced an expanded global partnership agreement for the leasing of the new Pegasus ULD temperature controlled bulk shipping container. The agreement enables pharmaceutical freight forwarders to lease Pegasus ULD containers directly from Cathay Pacific Cargo.
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RETA | Hot Stocks06:47 EDT Reata Pharma: FDA asks company to request pre-NDA meeting for omaveloxolone - Reata Pharmaceuticals announced that it received a communication from the Division of Neurology Products 1 of the U.S. FDA stating that, after a preliminary review of briefing materials for an upcoming Type C meeting, a pre-NDA meeting is the most appropriate format for a discussion of the development program for omaveloxolone in Friedreich's ataxia. The Division suggested that the company withdraw the current meeting request for a Type C meeting and instead request a pre-NDA meeting, which the Division will grant upon receipt. The Division asked the company to focus the new briefing package on questions, issues, and needs applicable to a pre-NDA meeting. As requested by the FDA, the company plans to withdraw the current request for a Type C meeting and submit a request for a pre-NDA meeting as soon as practicable. "We welcome the opportunity to have a pre-NDA meeting regarding our omaveloxolone development program for the treatment of patients with FA," said Warren Huff, Reata's President and CEO. "We look forward to working with the FDA on our goal of securing the regulatory review and approval necessary to make omaveloxolone available to patients with FA."
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TSLA | Hot Stocks06:46 EDT Cathie Wood's ARK Investment discloses 47K shares of Tesla bought on Tuesday
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BLDE | Hot Stocks06:43 EDT Cathie Wood's ARK Investment bought 182K shares of Blade Air Mobility on Tuesday
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DKNG | Hot Stocks06:42 EDT Cathie Wood's ARK Investment bought 708K shares of DraftKings on Tuesday
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TGT | Hot Stocks06:37 EDT Target reports Q1 same-day services grew more than 90% - More than 95% of Target's Q1 sales were fulfilled by its stores.
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TGT | Hot Stocks06:35 EDT Target sees Q2 comparable sales growth mid-to-high single digits - The company said, "For the second quarter of 2021, the Company expects mid-to-high single digit growth in comparable sales. The Company expects its second-quarter operating margin rate will be well above the second quarter 2019 rate of 7.2 percent, but likely not as high as last year's unprecedented 10.0 percent. The Company expects positive single-digit comparable sales growth in the last two quarters of the year, and expects its full-year operating margin rate will be well above the 2020 rate of 7.0 percent, with the potential to reach 8 percent or somewhat higher."
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YNDX | Hot Stocks06:25 EDT Yandex appoints Svetlana Demyashkevich as CFO, Vadim Marchuk as COO - Yandex announced the appointment of Svetlana Demyashkevich, former CFO of X5 Retail Group, as Yandex's CFO and Vadim Marchuk as COO. Both changes are effective from June 1. Svetlana and Vadim will both report to deputy CEO Tigran Khudaverdyan. Demyashkevich has over 20 years of experience in financial management and consulting, primarily in the consumer and banking sectors. Prior to joining Yandex, Svetlana served as CFO of X5 Retail Group for four years. Marchuk joined Yandex in 2016 as VP of corporate development. Over the last five years Vadim has played a role in all of the company's strategic decision making and transactions, including capital raising and corporate restructuring. Vadim is a current member of the boards of directors of MLU B.V. and Yandex Self Driving Group and a former member of the board of directors of Yandex.Market and Yandex.Money.
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QSR MCD | Hot Stocks06:11 EDT Restaurant Brands' Burger King launches hand-breaded Ch'King chicken sandwich - The company stated, "The new hand-breaded Ch'King is finally here and available nationwide starting June 3. And ok, sure, we could have just named it a chicken sandwich, but that's just not how we do things at BK."
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LOW | Hot Stocks06:05 EDT Lowe's says tracking ahead of investor update guidance - The company said, "The Company delivered very strong financial results in the first quarter of 2021, with sales momentum continuing into May. The Company is currently tracking ahead of the Robust Market scenario provided at its December 9, 2020 Investor Update, which assumed fiscal 2021 sales of $86 billion. Better-than-expected year-to-date results and a supportive macroeconomic backdrop build the Company's confidence in its ability to deliver strong results for the fiscal year, including continued market share gains and the achievement of a 12% operating margin. Additionally, the Company continues to plan for $9 billion in share repurchases and $2 billion in capital expenditures in fiscal 2021."
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TGI BA | Hot Stocks05:32 EDT Triumph Group, Boeing restructure and extend system components contract - Triumph Group (TGI) announced that it has secured multiple contract extensions with Boeing (BA), which will extend their collaboration on critical system components. The agreements extend Triumph's position as a supplier of hydraulic components across multiple Boeing programs. The three contract extensions, which were signed in the last month, secure Triumph's position as a systems provider for Boeing platforms. Under the contracts, Triumph's Actuation Products & Services operating company will manufacture the components at three of its U.S. based sites. Triumph's facility in Clemmons, North Carolina will begin work later this year to fulfill an extended long-term multi-year agreement for hydraulic actuation components for complex landing gear valves and thrust reverser cowl doors for the single aisle platforms. Triumph Actuation Products & Services has secured a multi-year contract extension to supply Boeing 787 Dreamliner landing gear components. The follow-on contract is for hydraulic locking actuators, transducers and control valve components on all 787 variants. Triumph has supplied these systems and components for the 787 aircraft since the program's inception and provides related repair and overhaul maintenance for other supplier partners and operators. The contract extension reaffirms Triumph's commitment to the 787 program and extends the company's strong working relationship with Boeing for years to come. Lastly, the Triumph site in Valencia, California has secured a multi-year contract extension to provide hydraulic accumulators, manifolds as well as steering and locking actuators for multiple legacy platforms.
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WKEY | Hot Stocks05:25 EDT WISeKey collaborates with Ocean Protocol to launch TrustedNFT.io - WISeKey is collaborating with Ocean Protocol to launch TrustedNFT.io, a decentralized marketplace for physical paintings, sculptures, luxury watches, and other objects of value. The trusted NFT marketplace will include non-fungible tokens, or NFTs, to represent the physical work, combined with fungible tokens for more fluid price discovery and for staking on physical works.
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STM | Hot Stocks05:23 EDT STMicroelectronics acquires Cartesiam, terms undisclosed - STMicroelectronics announced a transaction with Cartesiam to acquire its assets and to transfer and integrate its employees. Closing is subject to regulatory approvals.Cartesiam, based in Toulon, France, is a software company founded in 2016, which specializes in artificial intelligence, or AI, development tools enabling machine-learning and inferencing on Arm-based microcontrollers, which power billions of devices. Its team includes data scientists and embedded signal processing experts, with experience in delivering standard and custom solutions. Its patented solution, NanoEdge AI Studio, allows embedded systems designers without prior knowledge in AI to rapidly develop specialized libraries integrating machine-learning algorithms directly into a broad range of applications. Devices leveraging Cartesiam's technology are already in production around the world included inside connected devices, household appliances, and industrial machines. The terms of the transaction were not disclosed.
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NOK | Hot Stocks05:17 EDT Nokia selected by Net4Mobility to roll out commercial 5G services across Sweden - Nokia announced that it has been selected by Net4Mobility, the joint venture between Swedish mobile operators, Tele2 and Telenor, to roll out commercial 5G services across significant areas of Sweden in a five-year deal. Nokia will supply equipment from its AirScale portfolio helping Net4Mobility to deliver 5G connectivity to its subscribers. The move will also enable a range of new use cases across Industry 4.0, entertainment, cloud gaming, transportation, education, and healthcare. Nokia will replace the incumbent vendor with deployment already underway. The deal will improve legacy 4G performance while increasing capacity with 5G services introduced at the majority of sites within awarded areas. Nokia will replace the incumbent vendor's 4G network and it is also expected that a significant number of new sites will be added every year. Net4Mobility, which was formed in 2009 to support the deployment of 2G and 4G networks, is Sweden's largest RAN network and carries approximately 60% of network traffic in the country. Its 4G network covers 90% of the country and 99.9% of the population. The collaboration will continue with the development of a 5G network. Nokia has previously been selected by both Tele2 and Telenor for its cloud core network. Nokia will supply equipment from its AirScale portfolio. Nokia will also provide professional services, including integration, implementation, and network optimization services, as well as technical support for operations and maintenance.
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