Stockwinners Market Radar for May 26, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
OCGN | Hot Stocks20:13 EDT Ocugen on track to submit EUA application to FDA for COVID vaccine - The company states: "Ocugen confirmed its plan to submit its Emergency Use Authorization application for COVAXIN to the U.S. Food & Drug Administration in June." CEO Shankar Musunuri says: "Since we have been in discussions with the FDA since late last year, we do not believe that the FDA's recently revised guidance regarding EUAs raises any concerns about our ability to submit the EUA for COVAXIN as planned, which is currently in process and which we expect to submit to the FDA in June. We believe that the FDA's new guidance confirms that Ocugen continues to meet all criteria for submission of an EUA. Once the EUA application has been submitted, Ocugen intends to commence pre-biologics license application (BLA) discussions with the FDA."
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RCL | Hot Stocks20:10 EDT Royal Caribbean gets approval to resume U.S. sailings in June - The company states: "Royal Caribbean has received approval to resume sailings from the United States after more than a year of suspended operations during the COVID-19 pandemic. On June 26, the cruise company will mark a long-awaited return with Celebrity Cruises' Celebrity Edge departing from Port Everglades in Fort Lauderdale. All sailings will depart with vaccinated crew and everyone over the age of 16 must present proof of vaccination against COVID-19; as of August 1, 2021, all guests ages 12 and older must present proof of vaccination."
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BTG | Hot Stocks19:57 EDT B2Gold says monitoring political situation in Mali, Fekola mine not affected - The company states: "B2Gold announces that the company is monitoring the evolving political situation in Mali. B2Gold's mining operations at its Fekola Mine have not been affected in any way and the Company has continued normal mining and milling operations. The company does not expect that any operational days will be lost due to the political situation in the country and has confirmed that all B2Gold's personnel are safe. The Fekola Mine is projected to produce 530,000 to 560,000 ounces of gold in 2021. In addition, the Company has been made aware that L'Union Nationale des Travailleurs du Mali (the National Union of Malian Workers) has ended the national strike action in the country as of May 25, 2021, which to date had not had any significant impact on B2Gold's operations in Mali."
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GSK... | Hot Stocks19:56 EDT Xencor's Xtend technology gets emergency use authorization from FDA - Xencor "announced that the FDA has granted an emergency use authorization for sotrovimab, an XmAb-engineered antibody developed by Vir Biotechnology, Inc. (Vir) and GlaxoSmithKline plc (GSK). Sotrovimab has not been approved, but has been authorized for emergency use by the FDA under an EUA, to treat mild-to-moderate COVID-19 in adults and pediatric patients with positive results of direct SARS-CoV-2 viral testing, and who are at high risk for progression to severe COVID-19, including hospitalization or death. Xencor has provided Vir non-exclusive licenses to XmAb Fc technologies, including Xtend(TM), designed to enhance the half-life of novel antibodies being investigated as potential treatments for patients with COVID-19."
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AMAT | Hot Stocks19:14 EDT Applied Materials CFO sells 25.5K shares of common stock - In a regulatory filing, Applied Materials disclosed that its CFO Daniel Durn sold 25.5K shares of common stock on May 24th in a total transaction size of $3.43M, reducing his stake by about 7%.
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DDOG | Hot Stocks19:12 EDT Datadog CFO sells 20K shares of common stock - In a regulatory filing, Datadog disclosed that its CFO David Obstler sold 20K shares of common stock on May 24th in a total transaction size of $1.8M, reducing his stake by about 8%.
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CBBI | Hot Stocks19:03 EDT CB Bancshares initiates quarterly dividend of 5c per share - The dividend is payable on or about June 25, 2021, to all stockholders of record as of the close of business on June 11, 2021.
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VIR GSK | Hot Stocks18:58 EDT GSK, Vir confirm sotrovimab receives EUA from FDA - GlaxoSmithKline (GSK) and Vir Biotechnology (VIR) announced the U.S. Food and Drug Administration granted an Emergency Use Authorization for sotrovimab, an investigational single-dose monoclonal antibody, for the treatment of mild-to-moderate COVID-19 in adults and pediatric patients with positive results of direct SARS-CoV-2 viral testing, and who are at high risk for progression to severe COVID-19, including hospitalization or death. Adrienne E. Shapiro, M.D., Ph.D., an infectious disease specialist at Fred Hutchinson Cancer Research Center and investigator in the COMET-ICE trial, said: "Monoclonal antibodies like sotrovimab are potentially one of our most effective tools for fighting COVID-19. While preventive measures, including vaccines, can reduce the total number of cases, sotrovimab is an important treatment option for those who become ill with COVID-19 and are at high risk - allowing them to avoid hospitalization or worse."
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HSBC | Hot Stocks18:53 EDT HSBC exits U.S. mass-market retail banking - The company states: "HSBC Holdings announces that it will exit its U.S. domestic mass market retail banking business through several transactions, pending regulatory approval. They include: Exiting 90 branches out of a current branch network of 148 branches; HBUS will retain a small network of physical locations in existing markets which will be repurposed into 20-25 international wealth centres; Remaining branches, between 35-40, will be wound down; Exiting all Personal, Advance and certain Premier banking customers; Exiting all retail business banking customers; As a result, HSBC Bank USA, N.A. will reposition its US Wealth and Personal Banking business to focus on the banking and wealth management needs of globally connected affluent and high net worth clients. HBUS will exit its domestic mass market retail banking business and retail business banking through a number of divestitures, and wind-down of the residual branch network. HBUS has entered into sale agreements, subject to regulatory approval, with Citizens Bank and Cathay Bank for certain parts of the Business." CEO Michael Roberts states: "HSBC announced earlier this year that it was exploring strategic options with respect to its US retail franchise, including organic and inorganic options to improve the profitability of its US retail business. The announced transactions are expected to close by Q1 of 2022, subject to regulatory approvals. We expect $0.1B of pre-tax costs to be incurred in connection with these transactions after which HSBC does not expect to generate a significant gain or loss. The risk weighted assets associated with the announced transactions were $1.8B at 31 March 2021 and no material impact is expected on the Group's CET1 ratio."
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SWCH | Hot Stocks18:49 EDT Switch CEO Roy sells 100,000 class A shares - In a regulatory filing, Switch CEO Rob Roy disclosed the sale of 100,000 class A common shares of the company on May 24 at a price of $19.0753 per share.
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CZR | Hot Stocks18:48 EDT Caesars director Biumi sells 10,000 common shares - In a regulatory filing, Caesars Entertainment director Bonnie Biumi disclosed the sale of 10,000 common shares of the company on May 24 at a price of $105.50 per share.
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VIR GSK | Hot Stocks18:47 EDT FDA issues EUA for Vir and GSK's COVID-19 antibody therapy - The U.S. Food and Drug Administration issued an emergency use authorization for the investigational monoclonal antibody therapy sotrovimab for the treatment of mild-to-moderate COVID-19 in adults and pediatric patients with positive results of direct SARS-CoV-2 viral testing and who are at high risk for progression to severe COVID-19, including hospitalization or death. This includes, for example, individuals who are 65 years of age and older or individuals who have certain medical conditions. The safety and effectiveness of this investigational therapy continues to be evaluated for treatment of COVID-19. Sotrovimab is not authorized for patients who are hospitalized due to COVID-19 or require oxygen therapy due to COVID-19. This treatment has not shown benefit in patients hospitalized due to COVID-19 and monoclonal antibodies may be associated with worse clinical outcomes when administered to hospitalized patients requiring high flow oxygen or mechanical ventilation. The EUA was issued to GlaxoSmithKline (GSK). The Fly notes that Vir Biotechnology (VIR) also worked on the antibody therapy. Reference Link
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WDAY | Hot Stocks18:27 EDT Workday co-CEO: We are very optimistic - In an interview on CNBC's Mad Money, Aneel Bhusri said Workday saw the acceleration it was hoping for in new bookings. "We are seeing great demand for digital transformation in the cloud," he added. Projects that were put on hold during the pandemic are now restarting, he noted. Regarding the company's aggressive hiring goals, he said, "We are going to where the talent is, not forcing them to move to California."
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KR | Hot Stocks18:03 EDT Kroger associates in Cincinnati, Dayton, and Kentucky ratify labor agreement - Kroger's Cincinnati-Dayton division and United Food and Commercial Workers Union Local 75 members in Cincinnati, Dayton, Northern Kentucky, and Southeastern Indiana ratified a new labor agreement. The Cincinnati-Dayton division is investing $159M in wages across the five-year agreement.
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ORGO | Hot Stocks17:51 EDT Organogenesis jumps 13% to $18.75 after entering S&P SmallCap 600 index
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CFG HSBC | Hot Stocks17:49 EDT Citizens to acquire East Coast branches, online deposit business from HSBC - Citizens Financial Group (CFG) announced that Citizens Bank, N.A. has entered into an agreement to acquire 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A (HSBC). Under the agreement, Citizens will acquire approximately $9B in deposits and approximately $2.2B in loans for a 2% premium paid on deposits at closing. The transaction is expected to be immediately accretive to Citizens' earnings per share and generate an internal rate of return of approximately 20%. "This transaction provides us with an attractive entry into the important New York City Metro, Washington D.C. and Southeast Florida markets," said Chairman and CEO Bruce Van Saun. "With a sizable customer base and a solid expansion strategy. In addition, the $7 billion net deposit position provides us sigdeposit franchise, this acquisition will serve as a springboard for our consumer national nificant long-term funding flexibility in support of our attractive loan growth opportunities." The 80 branch purchase includes 66 locations in the New York City Metro area, 9 locations in the Mid-Atlantic/Washington D.C. area, and 5 locations in Southeast Florida. The branches to be acquired will operate as HSBC branches until closing and will be re-branded as Citizens branches immediately upon closing of the transaction. This transaction is expected to close in the first quarter of 2022, subject to customary closing terms and conditions and regulatory approvals.
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CATY HSBC | Hot Stocks17:49 EDT Cathay General to acquire ten branches from HSBC - Cathay General Bancorp (CATY) announced that its subsidiary bank, Cathay Bank, has entered into a purchase and assumption agreement with HSBC (HSBC) to purchase 10 HSBC retail branches in California and additional loans and deposits associated with HSBC's West Coast mass retail market consumer banking business and retail business banking business. Under the terms of the purchase and assumption agreement, Cathay Bank will acquire 10 HSBC branches and purchase and assume additional deposit liabilities and assets, including residential mortgage loans, retail business banking loans and personal loans associated with HSBC's West Coast mass retail market consumer banking business and retail business banking business. Cathay Bank is not acquiring or assuming loans or assets associated with HSBC's brokerage business, its private banking and high net worth businesses or its non-retail business banking business. The transaction is expected to be completed during Q1 of 2022, subject to regulatory approval. The financial terms of the agreement were not disclosed. The transaction is expected to be approximately 2.0% accretive to Cathay General Bancorp's GAAP 2022 earnings per share, on a run-rate basis, excluding any one-time transaction costs and restructuring expenses.
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SDGR | Hot Stocks17:47 EDT Schrodinger holder David Shaw sells 74.1K shares of common stock - In a regulatory filing, Schrodinger disclosed that David E. Shaw sold 74.1K shares of common stock on May 24th in a total transaction value of $4.98M, reducing his stake by about 1%.
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NXPI | Hot Stocks17:45 EDT NXP Semiconductors CFO Kelly sells 24,162 common shares - In a regulatory filing, NXP Semiconductors CFO Peter Kelly disclosed the sale of 24,162 common shares of the company on May 24 at a price of $205.3699 per share.
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CME | Hot Stocks17:33 EDT CME Group announces micro bitcoin futures volume top 500K contracts - The company "announced that Micro Bitcoin futures volume surpassed 500,000 contracts on Monday, May 24." Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products, says: "We are pleased with the strong uptake and support we have seen for this new contract so early on in its first month. At one-fiftieth the size of our larger Bitcoin futures, this new, smaller contract allows traders of all sizes to better manage their bitcoin price risk in an efficient, cost-effective way."
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WDC | Hot Stocks17:32 EDT Western Digital unveils new SSD solutions for WD_BLACK gaming portfolio - Western Digital at its Flash Perspective event, unveiled three new SSDs for its WD_BLACK portfolio of products, providing gamers around the world with fast, high-performance storage solutions to upgrade their PC and next-gen console gaming experience. Our WD_BLACK brand delivers a clear and simple promise to gamers - fast and reliable storage that enhances their gameplay," said Rob Soderbery, executive vice president and GM, Flash Business, Western Digital. "With today's new products, the WD_BLACK portfolio has diverse flash-powered solutions so that every gamer - whether they're just starting out or more advanced - can explore the rich worlds of today's most inventive games." "Over the past few years, the graphics and fidelity of immersive game worlds have become more intense, and flash technology has become critical to enhancing the gaming experience. Gamers not only need more storage, they need speed for quick access so they can instantly step into these rich game worlds and experience games the way they're meant to be played," said Geoff Keighley, industry veteran and host of The Game Awards who spoke at today's event.
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NVDA | Hot Stocks17:29 EDT Nvidia sees sequential growth in Q2 Data Center revenue - Sees Q2 non-GAAP gross margin 66%-67%.
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NVDA | Hot Stocks17:26 EDT Nvidia says on track to close Arm deal in early 2022, working with regulators
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SEM | Hot Stocks17:18 EDT Select Medical director Cressey sells $399K in shares - Select Medical director Bryan Cressey disclosed in a filing that he had sold 10,000 shares of company stock at $39.90 per share on May 24, for a total transaction amount of $399,000.
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ORGO CROX | Hot Stocks17:18 EDT Organogenesis to replace Crocs in S&P 600 at open on 6/2
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NVDA | Hot Stocks17:18 EDT Nvidia CFO says saw strong results with Mellanox products
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CROX... | Hot Stocks17:18 EDT Crocs to replace Cantel Medical in S&P 400 at open on 6/2 - Steris (STE) is acquiring Cantel Medical (CMD) in a deal expected to be completed soon pending final closing conditions.
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ARPO | Hot Stocks17:16 EDT Point72 Asset Management reports passive stake in Aerpio Pharmaceuticals - Point72 Asset Management and Point72 Capital Advisors each disclosed a 3.9% stake in Aerpio Pharmaceuticals, which represents 1.825M shares each. The filing does not allow for activism.
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LEGN JNJ | Hot Stocks17:12 EDT Legend Biotech says FDA grants BCMA CAR-T Cilta-cel priority review - Legend Biotech Corporation (LEGN) announced that the U.S. Food and Drug Administration has accepted for priority review the Biologics License Application submitted by Janssen Biotech, Inc. (JNJ) for ciltacabtagene autoleucel, an investigational B-cell maturation antigen-directed chimeric antigen receptor T cell therapy. The Prescription Drug User Fee Act (PDUFA) target action date has been set for November 29, 2021. "Cilta-cel has shown great promise in the treatment of patients with heavily pretreated multiple myeloma according to study findings reported to date. Today's priority review designation marks another significant milestone for this cell therapy," said Ying Huang, PhD, CEO and CFO of Legend Biotech. "We look forward to our continued collaborative efforts with Janssen and in working with the FDA to bring this transformative therapy to patients who are in need of new treatment options."
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TSRI | Hot Stocks17:09 EDT TSR reports final court order approving stockholder derivative action settlement - TSR announced that the Supreme Court of the State of New York, Queens County issued a final order and judgment approving the settlement in the stockholder class and derivative action captioned Susan Paskowitz v. James J. Hill et al., filed by Susan Paskowitz, a stockholder of the company, on October 16, 2018. On December 16, 2019, the company entered into a stipulation and agreement of settlement with Susan Paskowitz providing for the settlement of the stockholder action. The court entered an order preliminarily approving the settlement. Pursuant to the terms of the final order, the court fully and finally approved the settlement set forth in the stipulation and dismissed the stockholder action with prejudice. The settlement payment is expected to be paid by the company's insurance provider under its insurance policy.
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AMZN | Hot Stocks17:06 EDT Senator Klobuchar calls on DOJ to investigate Amazon-MGM Studios deal - U.S. Senator Amy Klobuchar issued the following statement regarding Amazon's proposed purchase of MGM Studios: "This is a major acquisition that has the potential to impact millions of consumers. The Department of Justice must conduct a thorough investigation to ensure that this deal won't risk harming competition. This is also a reminder of why we need to fund our antitrust agencies so they can take on investigations of multi-billion dollar deals. Our government cannot ensure major corporations are playing by the rules if enforcement agencies are chronically underfunded. My bipartisan legislation, which recently passed through the Judiciary Committee, would give the antitrust agencies additional resources to conduct rigorous reviews of large mergers." Reference Link
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NVDA | Hot Stocks17:04 EDT Nvidia says to remain supply-constrained into second half of the year - Comments taken from Q1 earnings conference call.
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NKE DBI | Hot Stocks17:03 EDT Designer Brands sees Q2 production up 64% - Designer Brands (DBI) says numerous signs macro environment in improving. Says appeal to athleisure has driven strong results. Says not surprised Nike (NKE) will not be taking orders from the company starting September. Says no brand is material to operations. Says Nike sales accounted for less than 5% of sales. Says invested heavily in digital marketing. Says energized by Q1 results. Sees Q2 production up 64% compared to last year. Says Canada recovery will be slower than the U.S. Says anticipating a seasonal increase in demand for footwear. Says too uncertain to provide guidance for 2021. Comments taken from Q1 earnings conference call.
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PBPB | Hot Stocks17:01 EDT Potbelly names Larry Strain chief development officer - Potbelly Corporation announced the appointment of Larry Strain as its Chief Development Officer effective immediately. Potbelly is contracting with Restaurant Development Experts, LLC in connection with Strain's engagement for this role and Bob Wright, President and Chief Executive Officer of Potbelly, will have oversight responsibility for him in this leadership position. Strain will oversee four key areas of shop development including Corporate Development Services, Franchise Sales & Development, Brokerage Services & Tenant Representation, and Strategic & Trade Area Level Market Planning. Bob Wright, President and Chief Executive Officer of Potbelly commented, "The addition of Larry and his wealth of experience in real estate and franchise development is critical in advancing Potbelly to our next phase of growth. Larry is a highly regarded retail development and business strategist with the necessary background to advance Potbelly in the next stage of our 'Traffic-Driven' Profitability Strategic Plan. I could not be more excited to welcome him to our executive team."
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ATSG | Hot Stocks16:59 EDT Air Transport Services forms JV with GA Telesis to build aeroengine hospital - Air Transport Services has entered into a joint venture agreement with GA Telesis, a global aviation services integrator, to build a GA Telesis Specialized Procedures Aeroengine Hospital in the Central or Midwest of the U.S. The SPAH will be capable of inducting more than 200 engines per year. While the specific location is under evaluation, consideration will be given to a centralized location in the United States with a strong interstate and airport network. The SPAH will target engines manufactured by General Electric, Pratt & Whitney, International Aero Engine, and CFM International. The opening of GA Telesis' first SPAH in Helsinki, Finland is scheduled for June 13. The US-based SPAH is projected to be operational in 1Q22 with full FAA approvals and is similarly evaluating proposals for the design, construction, and location of a test cell projected to produce up to 100,000 lbs of thrust.
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VGAC | Hot Stocks16:57 EDT 23andMe to trade on Nasdaq as 'ME' - VG Acquisition Corp. announced that, upon the Domestication and the consummation of its pending business combination with 23andMe, Inc., New 23andMe Class A Common Stock and New 23andMe Warrants will be listed on The Nasdaq Global Select Market. The decision to list on Nasdaq was made in connection with the Business Combination and enables the combined company to be listed alongside other innovative companies that are also listed on Nasdaq. Prior to the consummation of the Business Combination, VGAC will domesticate as a Delaware corporation and will change its name to "23andMe Holding Co." In connection with the Domestication, each of the then issued and outstanding VGAC Class A ordinary shares, par value $0.0001 per share, and each issued and outstanding VGAC Class B ordinary share, par value $0.0001 per share, will convert automatically, on a one-for-one basis, into a share of Class A common stock, par value $0.0001 per share, of New 23andMe; each of the then issued and outstanding whole warrants to purchase Class A ordinary shares of VGAC will automatically represent the right to purchase one share of New 23andMe Class A Common Stock at an exercise price of $11.50 per share on the terms and conditions set forth in the warrant agreement, dated October 1, 2020, between VGAC and Continental Stock Transfer & Trust Company, as warrant agent; and each of the then issued and outstanding units of VGAC that has not been previously separated into the underlying VGAC Class A Ordinary Shares and the underlying warrants of VGAC prior to the Domestication will be canceled and will entitle the holder thereof to one share of New 23andMe Class A Common Stock and one-third of one warrant representing the right to purchase one share of New 23andMe Class A Common Stock at an exercise price of $11.50 per share on the terms and subject to the conditions set forth in the VGAC Warrant Agreement. Trading is expected to begin on Nasdaq on June 17, 2021, under the new ticker symbol "ME" for the New 23andMe Class A Common Stock and "MEUSW" for the New 23andMe Warrants, following the consummation of the Business Combination, which is currently expected to occur on June 16, 2021, subject to final shareholder approval at VGAC's extraordinary general meeting on June 10, 2021, and satisfaction of other customary closing conditions. Until the Domestication and transfer to Nasdaq is complete, the VGAC Class A Ordinary Shares, warrants, and units will continue to trade under the ticker symbols "VGAC,""VGAC.WS," and "VGAC.U," respectively, on the New York Stock Exchange. The last day of trading on the NYSE is expected to be on June 16, 2021.
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DSSI INSW | Hot Stocks16:41 EDT Diamond S Shipping, International Seaways announce expiration of HSR period - International Seaways (INSW) and Diamond S Shipping (DSSI) announced that the required waiting period has expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the proposed stock-for-stock merger transaction between INSW and Diamond S. The expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the Merger. The Merger, which is expected to close in the third quarter, remains subject to the approval of the shareholders of INSW and Diamond S and other customary closing conditions.
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SDPI | Hot Stocks16:40 EDT Superior Drilling receives noncompliance notification from NYSE - Superior Drilling announced that the company received notification from the NYSE that it had not met compliance standards of Section 1003 as a result of stockholders' equity falling below $4M and having reported losses in its five most recent fiscal years ended December 31, 2020. Stockholders' equity was approximately $3.3M as of March 31.
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VTNR... | Hot Stocks16:32 EDT Vertex Energy to acquire Alabama refinery from Equilon Enterprises - Vertex Energy (VTNR) announced that it has entered into a definitive agreement to acquire the Mobile refinery located in Mobile, Alabama from Equilon Enterprises LLC d/b/a Shell Oil Products US, Shell Oil Company and Shell Chemical LP, subsidiaries of Royal Dutch Shell (RDS.A), for $75M. The transaction is expected to close during the fourth quarter 2021, subject to regulatory clearance and various closing conditions. Following the successful completion of a planned $85M conversion of the Mobile refinery's hydrocracking unit by year-end 2022, Vertex anticipates that the refinery will have the potential to generate at least $3B in annual sales and $400M of gross profit annually beginning in 2023, given current refining economics. Upon completion of the transaction, Vertex expects to initiate an $85M capital project designed to modify the Mobile refinery's hydrocracking unit to produce renewable diesel fuel on a standalone basis. Upon completion of the project, which is expected to conclude by year-end 2022, the refinery will commence production of approximately 10,000 barrels per day of renewable diesel, increasing to 14,000 bpd by mid-year 2023, while continuing to supply conventional fuels to the regional market at current rates.
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INS | Hot Stocks16:30 EDT Intelligent Systems receives approval to list its stock on NYSE - On May 26, Intelligent Systems announced that it has received approval to list its common stock, par value $0.01 per share on the New York Stock Exchange. The Company provided written notice on May 26 to the NYSE American of its intention to list its Common Stock on the NYSE and to simultaneously delist such securities from the NYSE American. The Company anticipates that its Common Stock will begin trading on the NYSE at the commencement of trading on June 2, 2021 under the symbol "INS", and that until the close of trading on June 1, 2021, the Common Stock will continue to trade on the NYSE American under the symbol "INS." The Company's Board of Directors has approved the transfer to the NYSE.
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KRNY | Hot Stocks16:23 EDT Kearny Financial completes stock buyback announces commencement of new one - Kearny Financial announced the completion of its previously disclosed 5% stock repurchase plan which authorized the repurchase of 4,210,520 shares. Such shares were repurchased at a cost of $51.1 million, or $12.15 per share. A new stock repurchase plan, which was announced on May 17, to acquire up to 4,064,649 shares or approximately 5% of the Company's outstanding common stock became effective upon the completion of the previously disclosed plan.
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MYOV PFE | Hot Stocks16:21 EDT FDA approves Myovant's and Pfizer's MYFEMBREE for heavy menstrual bleeding - Myovant Sciences (MYOV) and Pfizer (PFE) announced that the U.S. Food and Drug Administration, FDA, has approved MYFEMBREE, for the management of heavy menstrual bleeding associated with uterine fibroids in premenopausal women, with a treatment duration of up to 24 months. The approval is supported by efficacy and safety data from the Phase 3 LIBERTY 1 and LIBERTY 2 studies, which were published in the New England Journal of Medicine. Under the terms of their previously announced collaboration, Myovant and Pfizer will jointly commercialize MYFEMBREE in the U.S. MYFEMBREE is expected to be available in June 2021.
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AEO | Hot Stocks16:19 EDT American Eagle says 'Q2-to-date business momentum has accelerated'
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AEO | Hot Stocks16:19 EDT American Eagle reports Q1 total inventory at $467M, up 2% vs. 2019 levels - The company states its "digital momentum continued with revenue up 57% including Aerie up 158% and AE up 20%"
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TMBR | Hot Stocks16:17 EDT Timber completes enrollment in n Phase 2b CONTROL study on TMB-001 in CI - Timber Pharmaceuticals announced that it is completing patient enrollment in the Phase 2b CONTROL study evaluating TMB-001, a topical pharmaceutical composition of isotretinoin, in patients with moderate to severe subtypes of congenital ichthyosis CI on May 31, 2021 in order to move forward with Phase 3 trial planning. "Based on the positive safety and efficacy data from our unblinded Phase 2a program and feedback from investigators in our Phase 2b CONTROL study on the results achieved in many of the 35 enrolled subjects, we feel we are in a strong position to end enrollment early so that we can prepare for our pivotal Phase 3 study, starting by requesting end of Phase 2 meetings with the U.S. Food and Drug Administration and global health authorities in the near future," said Alan Mendelsohn, M.D., Chief Medical Officer of Timber. "People living with CI have significant unmet treatment needs and we are taking this step in a continued effort to advance the development of TMB-001 as quickly as possible for this rare orphan disease community."
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UVV | Hot Stocks16:17 EDT Universal Corporation raises annual dividend to $3.12 per common share - George Freeman, III, Chairman, President, and CEO of Universal Corporation, announced that the company's Board of Directors declared a quarterly dividend of 78c per share on the common shares of the company, payable August 2 to common shareholders of record at the close of business on July 12. This increase indicates an annualized rate of $3.12 per common share and a yield of approximately 5% based on the $59.06 closing price on May 25.
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QADA | Hot Stocks16:15 EDT Qad Inc sees FY22 subscription revenue $160M, maintenance revenue $102M
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QADA | Hot Stocks16:15 EDT Qad Inc. sees Q2 subscription revenue $38.5M, maintenance revenue $26M
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ZSAN | Hot Stocks16:12 EDT Zosano Pharma publishes Qtrypta data in Journal of Headache and Pain - Zosano Pharma announced that an article titled, "Long Term Safety, Tolerability, and Efficacy of Intracutaneous Zolmitriptan, M207, in the Acute Treatment of Migraine" was published in The Journal of Headache and Pain. This open-label, multicenter observational study was designed to evaluate the safety and efficacy of the repeated use of Qtrypta in adults with migraine who had historically experienced at least 2 migraine attacks per month. The tolerability and efficacy results in this long-term study were consistent with the results observed in the Phase 2/3 ZOTRIP study. "The data published provide safety and efficacy findings for Qtyrpta(TM) when given repeatedly over the course of a year for the acute treatment of migraine," said Don Kellerman, Phar
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OKTA | Hot Stocks16:10 EDT Okta CFO Mike Kourey stepping down, Brett Tighe named interim CFO - Okta announced today that Mike Kourey is stepping down from his position as Chief Financial Officer, effective June 1. Kourey will sign the quarterly report and will remain at Okta in an advisory role. Brett Tighe, Okta's Senior Vice President of Finance and Treasurer, has been appointed as interim CFO while the Company conducts a search for a permanent replacement. Tighe has been with Okta for the past six years.
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OKTA | Hot Stocks16:09 EDT Okta announces public sector deployments in Kansas and Iowa - Okta announced continued expansion in the public sector with new deployments for the states of Kansas and Iowa. "Public sector organizations need a seamless and secure way to digitally connect with their citizens, and the shift to hybrid work models has accelerated this need," said Susan St. Ledger, President of Worldwide Field Operations, Okta. "The State of Kansas leveraged the Okta Identity Cloud to provide a secure experience for Kansans filing unemployment claims. Similarly, the State of Iowa relied on the Okta Identity Cloud to provide citizens with simplified access to critical online services and manage sensitive data for thousands of state employees. At Okta, we're proud to support public sector agencies as they transition to modern technology platforms while keeping critical information secure and accessible for employees and citizens."
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PSTG | Hot Stocks16:08 EDT Pure Storage reports Q1 adjusted gross margin 70.5%
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OKTA | Hot Stocks16:08 EDT Okta gets DISA authorization for Okta Identity Cloud - The company states: "Okta announced it has received a Provisional Authorization To Operate at Impact Level 4 from the United States Defense Information Systems Agency, or DISA, under the Department of Defense's Cloud Computing Security Requirements Guide. The provisional authorization will allow government agencies and their contractors to further realize the benefits of the Okta Identity Cloud and simplify the adoption of Okta's identity solutions within their organizations as part of their digital transformation. Obtaining an IL4 P-ATO exemplifies Okta's commitment to securing critical government information, meeting the DISA's standardized requirements for cloud-based access controls and data security. Government agencies can trust the Okta Identity Cloud to provide highly secure and reliable solutions to manage identities and streamline processes within their organization. For government agencies, Okta's modern identity and access management solutions enable digital transformation by providing a simplified user experience for today's workforces and customers, in addition to enhancing security."
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OKTA | Hot Stocks16:04 EDT Okta reports Q1 Remaining Performance Obligations up 52% at $1.89B - Q1 total calculated billings were $364 million, an increase of 74% year-over-year.
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FRG | Hot Stocks16:03 EDT Franchise Group's The Vitamin Shoppe launches franchising model - The Vitamin Shoppe announced the launch of an innovative franchising model for independent operators to open The Vitamin Shoppe stores in their own communities around the United States. This is the first time in its 44-year history that The Vitamin Shoppe will partner with business owners to operate franchise stores. The Vitamin Shoppe's unique franchise model rewards franchise partners for driving VitaminShoppe.com and VShoppe app sales, via a commission structure that creates a seamless omnichannel experience for both franchisees and their customers. The customer experience across franchise stores is designed to be identical and indistinguishable from the 680+ retail locations owned by The Vitamin Shoppe. The first franchised locations of The Vitamin Shoppe stores are expected to open later this year.
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IRWD... | Hot Stocks16:03 EDT Ironwood to partner with Teva on LINZESS prior to patent expiration - The company states: "Ironwood Pharmaceuticals (IRWD), announced that, with its partner AbbVie (ABBV), the companies have reached an agreement with Teva Pharmaceuticals USA (TEVA) providing a license to Teva's abbreviated new drug application seeking approval to market a generic version of 72 mcg LINZESS prior to the expiration of the companies' applicable patents. With this agreement, the companies have settled with the filers of all known ANDAs to date seeking approval to market generic versions of LINZESS. Pursuant to the terms of the agreement, Teva will be granted a license to market its 72 mcg generic version of LINZESS in the United States beginning March 31, 2029, subject to U.S. FDA approval, unless certain limited circumstances, customary for settlement agreements of this nature, occur. Previously, Ironwood and Allergan granted Teva a license to market its 145 mcg and 290 mcg generic versions of LINZESS in the United States beginning on the same date. That grant was in connection with a settlement resolving all previous Hatch-Waxman litigation between the companies and Teva regarding LINZESS patents pending in the U.S. District Court for the District of Delaware. Additional details regarding the settlements were not disclosed."
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AAQC | Hot Stocks16:01 EDT Accelerate Acquisition receives NYSE continued listing standard notice - Accelerate Acquisition Corp. announced that it received a formal notice of non-compliance on May 25, 2021 from the New York Stock Exchange relating to the company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. On April 12, 2021, the staff of the Securities and Exchange Commission issued "Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies," clarifying the accounting guidance for warrants with terms that are common for SPACs. The immediacy of the effective date of the new guidance set forth in the Statement has resulted in a significant number of SPACs re-evaluating the accounting treatment for their warrants with their professional advisors, including auditors and other advisors responsible for assisting SPACs in the preparation of financial statements. This, in turn, resulted in the company's delay in preparing and finalizing its financial statements as of and for the quarter ended March 31, 2021 and filing its Form 10-Q with the SEC by the prescribed deadline. Since receiving the non-compliance notice, the company has filed its Form 10-Q with the SEC on May 26, 2021 and is in compliance with all other NYSE continued listing requirements.
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DCI | Hot Stocks15:42 EDT Donaldson increases quarterly dividend 4.8% - Donaldson Company announced that its board declared a regular cash dividend of 22c per share, an increase of 4.8% from the prior quarterly cash dividend of 21c per share. The dividend is payable June 25 to shareholders of record on June 10.
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NFLX | Hot Stocks15:27 EDT Netflix tells The Fly it is 'excited to do more with interactive entertainment' - In response to The Fly's request for comment on reports the company is looking to expand into more video game offerings, a Netflix spokesperson said, "Our members value the variety and quality of our content. It's why we've continually expanded our offering - from series to documentaries, film, local language originals and reality TV. Members also enjoy engaging more directly with stories they love - through interactive shows like Bandersnatch and You v. Wild, or games based on Stranger Things, La Casa de Papel and To All the Boys. So we're excited to do more with interactive entertainment." The company said it had nothing additional on the matter to share at this time.
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MSFT | Hot Stocks15:21 EDT Microsoft says Xbox & Bethesda Games showcase to stream June 13 - Microsoft announced the Xbox & Bethesda Games Showcase will stream on Sunday, June 13 at 10:00 a.m. PT. The show will be focused on games from Xbox Game Studios, Bethesda, and many game creators from Microsoft partners around the world. "You've told us how excited you are about welcoming Bethesda into the Xbox family, so we know you're going to want a front-row seat to the Xbox & Bethesda Games showcase - a 90-minute show packed with everything you want to know about the epic gaming lineup coming out of this partnership, the incredible games coming to Xbox this holiday, upcoming releases on Xbox Game Pass, and more," Microsoft said.
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XOM | Hot Stocks15:12 EDT Exxon Mobil says eight company nominees, two Engine No. 1 nominees elected - ExxonMobil said that based on preliminary vote estimates by its proxy solicitor, shareholders have elected eight of ExxonMobil nominees to the board of directors and two of Engine No. 1 nominees. "Vote results for five nominees were too close to call," the company said. Re-elected ExxonMobil directors were Woods, Michael Angelakis, Susan Avery, Angela Braly, Ursula Burns, Kenneth Frazier, Joseph Hooley and Jeffrey Ubben. Elected from Engine No. 1's nominees were Gregory Goff and Kaisa Hietala. The outcome was not yet determined for ExxonMobil director candidates Steven Kandarian, Douglas Oberhelman, Samuel Palmisano and Wan Zulkiflee, and for Engine No. 1 candidate Alexander Karsner. A fourth Engine No. 1 candidate, Anders Runevad, was not elected. The board will reconsider two shareholder proposals that received majority shareholder approval, which include Item No. 9, calling for a report on lobbying, and Item No. 10, requesting a report on climate lobbying. "We welcome all of our new directors and look forward to working with them constructively and collectively on behalf of all shareholders. We've been actively engaging with shareholders and received positive feedback and support, particularly for our announcements relating to low-carbon solutions and progress in efforts to reduce costs and improve earnings. We heard from shareholders today about their desire to further these efforts, and we are well positioned to respond," said Darren Woods, ExxonMobil chairman and CEO.
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MYOV | Hot Stocks15:07 EDT Myovant Sciences' Myfembree granted priority approval by FDA - A post to the FDA website indicates that Myovant Sciences' New Drug Application, or NDA, number 214846 for Myfembree was granted approval with an action date of Mayr 26. Myovant shares are up 3% to $23.54 in afternoon trading. Reference Link
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ATVI | Hot Stocks14:58 EDT Activision bans 350K 'Call of Duty' accounts for racist names, toxic behavior - Activision said that it has banned 350,000 accounts across "Call of Duty: Warzone," "COD: Black Ops Cold War," COD: Modern Warfare," and "COD: Mobile" over the last 12 months for racist names or toxic behavior based on player-submitted reports and an extensive review of the company's player-name database. "We are committed to delivering a fun gameplay experience for all of our players," the company said. "There's no place for toxic behavior, hate speech or harassment of any kind in our games or our society. We are focused on making positive steps forward, and together celebrating the best fans in the world." Reference Link
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LIZI | Hot Stocks14:45 EDT Lizhi up $2.92, or 67%, to $7.26 in afternoon trading
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SPY SPX | Hot Stocks14:38 EDT Icahn says not involved in SPACs 'at all' - Carl Icahn, CEO of Icahn Capital, issued the comments on special purpose acquisition companies, or SPACs, while being interviewed on Bloomberg Television.
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ALL | Hot Stocks14:34 EDT Icahn says Allstate doing right things, a 'great company'
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ALL | Hot Stocks14:32 EDT Icahn confirms holding stake in Allstate, says won't discuss size of position - Carl Icahn, CEO of Icahn Capital, is being interviewed on Bloomberg Television.
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ALL | Hot Stocks14:31 EDT Icahn confirms holding stake in Allstate, which he calls 'great company' - Carl Icahn, CEO of Icahn Capital, is being interviewed on Bloomberg Television and confirmed that he holds a stake in Allstate (ALL), as reported by The Wall Street Journal.
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BTC... | Hot Stocks14:29 EDT Icahn says Icahn Enterprises may get into cryptocurrency 'in relatively big way' - Icahn said he does not own any cryptocurrencies, but there "could be something to it" if the dollar continues to be devalued. Icahn said he is looking into cryptocurrencies and that Icahn Enterprises (IEP) might get involved in the space "in a relatively big way," meaning with an investment potentially of over $1B or more. Carl Icahn, CEO of Icahn Capital, is being interviewed on Bloomberg Television.
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LTM... | Hot Stocks14:26 EDT Santiago Exchange suspends Latam Airlines trading after sale report denial - Jerome Cadier, head of LatamBrasil, told local newspaper Valor Economico that Latam Airlines (LTMAQ) is not considering a sale of its Brazilian operations, according to Bloomberg. The paper and Reuters reported earlier that Azul (AZUL) was in talks with aircraft leasing companies to prepare a bid for Latam Brazil. Trading in Latam Airlines shares was suspended on the Santiago Exchange after the shares dropped as much as 21.5% today. The stock in afternoon trading is down 8% to $2.74 in the U.S.
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BTC... | Hot Stocks14:22 EDT Icahn says doesn't own any cryptocurrency - Carl Icahn, CEO of Icahn Capital, is being interviewed on Bloomberg Television.
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FLR | Hot Stocks14:20 EDT Fluor says IHI is investing $20M in NuScale Power - Fluor announced that IHI Corporation of Japan is investing $20M into NuScale Power, a small modular nuclear reactor technology company in which Fluor is the majority investor. IHI's immediate investment of $20M may be followed by another $20M later, the company said. In addition to IHI's ownership interest, IHI will become a manufacturing partner and have the opportunity to provide design services and heavy manufacturing of the steel plate reinforced concrete wall structures for NuScale SMR projects in which Fluor has the lead role, it added.
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XOM CVX | Hot Stocks14:18 EDT Icahn says not involved with Exxon Mobil or Chevron - Carl Icahn, CEO of Icahn Capital, is being interviewed on Bloomberg Television.
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XOM... | Hot Stocks14:16 EDT Icahn says renewable fuels 'here to stay,' climate change an 'interesting area' - Carl Icahn, CEO of Icahn Capital, is being interviewed on Bloomberg Television about activism in general and the activist shareholder that won seats on Exxon Mobil's (XOM) in particular.
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ATVI | Hot Stocks13:53 EDT Blizzard won't hold BlizzCon event in 2021 amid pandemic concerns - Blizzard, a division of Activision Blizzard, announced that it will not be holding BlizzCon this year due to continued concerns around the pandemic. "Building an in-person BlizzCon is an epic and complex affair that takes many months of preparation-not just for us, but also for the many talented production partners, esports pros, hosts, entertainers, artists, and other collaborators we team up with locally and globally to put all of the pieces together," BlizzCon executive producer Saralyn Smith said in a blog post. "The ongoing complexities and uncertainties of the pandemic have impacted our ability to properly move forward on many of these fronts, and ultimately we're now past the point where we'd be able to develop the kind of event we'd want to create for you in November. But we don't want to let too long go by before we connect with everyone again. So in the meantime, we're planning a global event for the early part of next year, combining an online show along the lines of our recent BlizzConline with smaller in-person gatherings, and we'll share more as our plans come together." The Fly notes that the in-person BlizzCon event was canceled last year as well due to COVID-19 concerns. Reference Link
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XOM | Hot Stocks13:50 EDT CURE commends Exxon Mobil shareholders for electing Engine No. 1 candidates - The Coalition United for a Responsible Exxo that recently published a paper that analyzes ExxonMobil Corporation's critical governance failures and poor performance sees the election of Gregory Goff and Kaisa Hietala to the board of directors as significant steps towards the transformation outlined in the CURE report. "Today, shareholders sent a strong signal to Exxon and other oil majors that business as usual is not an option," said Andrew Behar, CEO of As You Sow, a member of CURE. "The fact that at least two of Engine #1's four board candidates were elected reflects the right of shareholders to escalate the demand for transformation at companies such as Exxon. The new board should act on this mandate for change and adopt Paris compliant transition plans immediately and begin the hard, but necessary work of creating the roadmap to transform the company's core business."
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BYD... | Hot Stocks13:41 EDT Connecticut Governor plans to sign bill legalizing online gaming, sports betting - Governor Ned Lamont said he is "applauding" a bipartisan vote in the Connecticut State Senate last night giving final legislative approval to a bill that will legalize online gaming and sports wagering in Connecticut. The legislation, which was approved last week by the House of Representatives and will next be transmitted to the governor for his signature, comes as a result of an agreement the Lamont administration reached earlier this year with the Mohegan Tribe and Mashantucket Pequot Tribe. Governor Lamont said that he plans to sign the bill in the coming days. Following that, the Lamont administration and the tribes will seek approval from the Bureau of Indian Affairs at the U.S. Department of Interior to amend the state's compact with the tribes. The federal agency needs to approve the changes to the compact before online gaming and sports wagering can begin in the state. Publicly traded companies in the sports betting and iGaming space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN). Reference Link
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CNI... | Hot Stocks13:33 EDT North American rail traffic rose 22.4% in week ended May 22, AAR says - The Association of American Railroads, AAR, reported U.S. rail traffic for the week ending May 22. For this week, total U.S. weekly rail traffic was 528,774 carloads and intermodal units, up 23.4% compared with the same week last year. Total carloads for the week ending May 22 were 242,227 carloads, up 27.2% compared with the same week in 2020, while U.S. weekly intermodal volume was 286,547 containers and trailers, up 20.4% compared to 2020. For some rail traffic categories, percentage changes for the current week compared with the same week in 2020 are inflated because of the widespread shutdowns - and subsequent large reduction in rail volumes - that impacted many economic sectors last year at this time. North American rail volume for the week ending May 22, on 12 reporting U.S., Canadian and Mexican railroads totaled 340,793 carloads, up 24.6% compared with the same week last year, and 378,724 intermodal units, up 20.4% compared with last year. Total combined weekly rail traffic in North America was 719,517 carloads and intermodal units, up 22.4%. North American rail volume for the first 20 weeks of 2021 was 14,010,375 carloads and intermodal units, up 11.4% 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).
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CSGS | Hot Stocks13:27 EDT CSG announces acquisition of Tango Telecom - CSG earlier announced it has formally acquired Tango Telecom, a supplier of convergent policy control and messaging solutions. "The acquisition is the culmination of a long-standing relationship that delivers end-to-end digital monetization solutions to some of the world's largest and most successful communications service providers. The acquisition of Tango Telecom arms CSG with real-time, dynamic policy and call control management. This, coupled with CSG's industry-leading charging and digital monetization capabilities, forms a complete end-to-end solution for converged voice and data services across 3G, 4G and 5G networks, and delivers enhanced monetization of B2B2x business models," CSG stated.
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FB | Hot Stocks13:16 EDT Facebook says taking action against people who repeatedly share misinformation - Facebook said in a post to its corporate site: "Today, we're launching new ways to inform people if they're interacting with content that's been rated by a fact-checker as well as taking stronger action against people who repeatedly share misinformation on Facebook. Whether it's false or misleading content about COVID-19 and vaccines, climate change, elections or other topics, we're making sure fewer people see misinformation on our apps." Reference Link
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PCG | Hot Stocks13:00 EDT PG&E settles wildfire civil claims with local entities for $43.36M - Pacific Gas and Electric Company said it has reached agreements to resolve the wildfire civil claims held by 10 local public entities, including cities and counties, affected by the 2019 Kincade Fire in Sonoma County and 2020 Zogg Fire in Shasta County. Under the agreements, a total of $43.36M in payments will be made to those entities. Pacific Gas and Electric Company is a subsidiary of PG&E Corporation.
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BAYRY | Hot Stocks12:55 EDT Bayer falls after judge denies plan to resolve future Roundup lawsuits - Shares of Bayer after lower after Bloomberg's Joel Rosenblatt reported that U.S. District Judge Vince Chhabria issued an order denying preliminary approval of the company's plan to pay as much as $2B to resolve future lawsuits over claims that its Roundup weed killer causes cancer. Shares of Bayer are down 3% to $16.39 in afternoon trading.
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ASR | Hot Stocks12:46 EDT Asur: FAA classifies Mexican government as Category 2 - Grupo Aeroportuario del Sureste, S.A.B. de C.V., or ASUR, an international airport group with operations in Mexico, the U.S. and Colombia, per request of the Mexican National Banking and Securities Commission announced that the U.S. Federal Aviation Agency has downgraded the Mexican Government to Category 1 from Category 2.
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FB | Hot Stocks12:30 EDT Facebook to roll out option to hide public like counts - Facebook announced that everyone on Instagram and Facebook will now have the option to hide their public like counts, so they can decide what works for them. "Starting today, we're giving you the option to hide like counts on all posts in your feed," the company said in a blog post. "You'll also have the option to hide like counts on your own posts, so others can't see how many likes your posts get. This way, if you like, you can focus on the photos and videos being shared, instead of how many likes posts get. You can hide like counts on others' posts by visiting the new Posts section in Settings. This control applies to all the posts in your feed. You can also choose to hide like counts before sharing a post. You can turn this setting on or off, even after it goes live. People want more flexibility, so we thought it would be important to give people the option. In the next few weeks you will see both of these controls come to Facebook." Reference Link
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EMMA | Hot Stocks12:22 EDT Emmaus Life Sciences submits MA application for Endari in Saudi Arabia - Emmaus Life Sciences announced that its application for Marketing Authorization for Endari in the Kingdom of Saudi Arabia has been accepted by the Saudi Food and Drug Authority. The SFDA's MA review and approval process typically takes 12 to 18 months. Endari, Emmaus' prescription grade L-glutamine oral powder, is approved by the United States Food and Drug Administration for treating sickle cell disease in adult and pediatric patients five years of age and older. "This submission and acceptance of our marketing authorization application by the Saudi Food & Drug Authority is another significant step in our progress and commitment to serve sickle cell disease patients in the MENA region," said Yutaka Niihara, M.D., M.P.H., Chairman and CEO of Emmaus.
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CZR | Hot Stocks12:12 EDT Caesars announces William Hill Sportsbook opens at Capital One Arena - The William Hill Sportsbook at Monumental Sports & Entertainment's Capital One Arena officially opened today, "becoming the first ever sports betting venue to open within a U.S. professional sports facility," announced Caesars Entertainment. The company said: "William Hill, a part of Caesars Entertainment, and Monumental Sports & Entertainment announced a groundbreaking partnership deal in October 2019 to open the first-of-its-kind, marquee destination for local, regional and global visitors... The William Hill Sportsbook at Monumental Sports & Entertainment's Capital One Arena is the first-of-its-kind and is operated by Caesars Entertainment. Caesars Entertainment recently completed its acquisition of William Hill, PLC and currently offers sports betting options in 18 U.S. states and territories, including over 170 retail sportsbooks."
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PACK | Hot Stocks12:00 EDT Ranpak Holdings falls -7.2% - Ranpak Holdings is down -7.2%, or -$1.77 to $22.91.
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JWN | Hot Stocks12:00 EDT Nordstrom falls -8.0% - Nordstrom is down -8.0%, or -$2.92 to $33.56.
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GOTU | Hot Stocks12:00 EDT GSX Techedu falls -8.1% - GSX Techedu is down -8.1%, or -$1.62 to $18.33.
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AMC | Hot Stocks12:00 EDT AMC Entertainment rises 17.3% - AMC Entertainment is up 17.3%, or $2.84 to $19.25.
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OMI | Hot Stocks12:00 EDT Owens & Minor rises 21.9% - Owens & Minor is up 21.9%, or $7.09 to $39.49.
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EXPR | Hot Stocks12:00 EDT Express rises 28.2% - Express is up 28.2%, or $1.11 to $5.05.
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MTB PBCT | Hot Stocks11:51 EDT M&T Bank, People's United receive shareholder approval for merger - M&T Bank Corporation (MTB) and People's United Financial (PBCT) announced that, at their respective special meetings of shareholders yesterday, they each received the necessary shareholder approvals for the consummation of the merger of People's United into M&T. M&T and People's United expect the transaction to be completed promptly once they have obtained necessary regulatory approvals and have satisfied certain other closing conditions. The combined company will create the 11th largest bank in the United States, based on assets of approximately $200B, spanning 12 states from Maine to Virginia and the District of Columbia and with a network of more than 1,100 branches and over 2,000 ATMs, at the time of the merger announcement.
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XOM | Hot Stocks11:50 EDT Engine No.1 calls Exxon Mobil delay 'attempt to entrench board' - Engine No. 1, which has nominated four director candidates to the Exxon Mobil Corporation Board of Directors in connection with the 2021 Annual Meeting of Shareholders, today issued the following statement: "In seeking to delay the closing of the polls, ExxonMobil is using corporate machinery for its own purpose rather than that of shareholders and avoiding the election of individuals with the transformative energy experience required to position the Company for long-term success in a changing world. Shareholders should not be fooled by ExxonMobil's last-ditch attempt to stave off much-needed board change in response to significant shareholder pressure and the prospect of losing a proxy contest. Shareholders have spoken. ExxonMobil should accept the result, take the vote and move forward."
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NTDOY | Hot Stocks11:42 EDT Nintendo says 'Pokemon Diamond/Pearl' remakes out November 19, 2021 - The Pokemon Company and Nintendo announced new details for the "Pokemon Brilliant Diamond," "Pokemon Shining Pearl," and "Pokemon Legends: Arceus" games, as well as new feature updates for Pokemon HOME. "Pokemon Brilliant Diamond" and "Pokemon Shining Pearl" will launch on November 19, 2021, and "Pokemon Legends: Arceus" will launch on January 28, 2022. All three games will be available exclusively on Nintendo Switch systems. Reference Link
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LMT | Hot Stocks11:39 EDT Lockheed Martin, GM to develop next-generation lunar rover for NASA - Lockheed Martin (LMT) and General Motors (GM) announced they are teaming up to develop the next generation of lunar vehicles to transport astronauts on the surface of the Moon, "fundamentally evolving and expanding humanity's deep-space exploration footprint." The companies said: "NASA sought industry approaches to develop a Lunar Terrain Vehicle (LTV) that will enable astronauts to explore the lunar surface farther than ever before. The LTV is the first of many types of surface mobility vehicles needed for NASA's Artemis program. To support NASA's mission, the two industry leaders will develop a unique vehicle with innovative capabilities, drawing on their unparalleled engineering, performance, technology and reliability legacies. The result may allow astronauts to explore the lunar surface in unprecedented fashion and support discovery in places where humans have never gone before. Lockheed Martin will lead the team by leveraging its more than 50-year-history of working with NASA on deep-space human and robotic spacecraft, such as NASA's Orion exploration-class spaceship for Artemis and numerous Mars and planetary spacecraft."
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LMT GM | Hot Stocks11:38 EDT Lockheed Martin, General Motors partner to develop lunar rover - Lockheed Martin (LMT) and General Motors Co. (GM) are teaming up to develop the next generation of lunar vehicles to transport astronauts on the surface of the Moon, fundamentally evolving and expanding humanity's deep-space exploration footprint. The companies said, " NASA's Artemis program is sending humans back to the Moon where they will explore and conduct scientific experiments using a variety of rovers. NASA sought industry approaches to develop a Lunar Terrain Vehicle that will enable astronauts to explore the lunar surface farther than ever before. The LTV is the first of many types of surface mobility vehicles needed for NASA's Artemis program. To support NASA's mission, the two industry leaders will develop a unique vehicle with innovative capabilities, drawing on their unparalleled engineering, performance, technology and reliability legacies. The result may allow astronauts to explore the lunar surface in unprecedented fashion and support discovery in places where humans have never gone before."
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FNKO | Hot Stocks11:36 EDT Panini America, Funko announces Funko Pop! Trading Card line - Panini America and Funko announced a new Pop! product line, Funko Pop! Trading Card that will extend across multiple sports later this year. The initial series will feature six NBA players and six NFL players and will hit retail shelves in time for the holiday shopping season. The introduction of Funko Pop! Trading Card will incorporate Panini's globally popular Prizm trading card brand for both the NBA and NFL. Similar to the very popular Pop! Albums and Pop! Comic Covers, Pop! Trading Card will feature the Panini Prizm trading card art packaged together in a protective case that can be hung on a wall. The Pop! Vinyl figure will replicate the poses from the player imagery from their respective Prizm trading cards.
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LI | Hot Stocks11:30 EDT Li Auto jumps as EV maker beats revenue expectations - Shares of Li Auto (LI) are on the rise on Wednesday after the Chinese electric vehicle maker reported better than expected first quarter sales but higher losses per share. Li said it expects to deliver 14,500-15,500 vehicles in the second quarter. RESULTS: Li Auto reported first quarter revenue of $546M, which was better than the expected $522.52M, and losses per share of (3c), with consensus at (2c). Vehicle sales accounted for roughly 97% of the company's total sales. The company also said that vehicle margins more than doubled year-over-year to 16.9%, but were slightly below the previous quarter at 17.1%. Li Auto ended the quarter with cash and cash equivalents, restricted cash, time deposits and short-term investments of $4.63B. The company had previously disclosed deliveries of 12,579 in the first quarter, down from the 14,464 vehicles delivered in the fourth quarter. Li said it expects to deliver 14,500-15,500 vehicles in the second quarter. PRICE ACTION: In Wednesday morning trading, shares of Li Auto have jumped 16% to $23.17.
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ICPT | Hot Stocks11:28 EDT Intercept down 57c, or 4%, to $14.89 after FDA adds warnings for Ocaliva in PBC
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ICPT | Hot Stocks11:27 EDT FDA restricts use of Intercept's Ocaliva in PBC patients with advanced cirrhosis - The FDA stated in a Drug Safety Communication dated May 26 that the U.S. Food and Drug Administration is restricting the use of the liver disease medicine Ocaliva, or obeticholic acid, in patients having primary biliary cholangitis, or PBC, with advanced cirrhosis of the liver because it can cause serious harm. "Some PBC patients with cirrhosis who took Ocaliva, especially those with evidence of advanced cirrhosis, developed liver failure, sometimes requiring liver transplant. Based on the original clinical trials, FDA believes the benefits of Ocaliva outweigh the risks for PBC patients who do not have advanced cirrhosis. We will continue to monitor and evaluate the clinical benefit and adverse events of Ocaliva and will communicate any new information to the public if it becomes available," the FDA stated. The FDA has added a new Contraindication, "FDA's strongest warning," to the Ocaliva prescribing information and patient Medication Guide stating that Ocaliva should not be used in PBC patients with advanced cirrhosis. Reference Link
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ICPT | Hot Stocks11:25 EDT FDA restricts use of Intercept's Ocaliva in PBC patients with advanced cirrhosis
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PHG | Hot Stocks11:03 EDT Philips partners with UCSF for Phillips HealthSuire - Royal Philips and the University of California, San Francisco announced a partnership to develop technology that will enable a modern, more streamlined experience for patients and set a new standard for healthcare delivery. UCSF will use Philips HealthSuite to oversee the development of technologies that leverage Artificial Intelligence to enable personalization and make it easier for patients to select providers, access their health information and receive virtual care at home, while also easing the burden on care providers with intuitive workflows and real-time decision support. Philips' open API-based ecosystem will foster the level of third-party innovation that, combined with UCSF's clinical expertise, can achieve these goals. With end-to-end interoperability and orchestration, the cloud-based system enables Philips' products, systems, devices and services to work seamlessly with those developed by partners and third parties, reflecting the diversity of delivery systems and technology partners held by both Philips and UCSF.
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ASTE | Hot Stocks11:01 EDT Astec launches rebrand to simplify business - Astec Industries is launching a new modern look with a rebranding initiative to coincide with its business model. The rebrand includes a new logo, color palette and website. The launch comes while the organization streamlines its internal structure and operations to improve efficiency and drive growth. The organization's former brands, including Astec Inc., Astec do Brasil, Astec Australia, BMH Systems, Breaker Technology, Carlson Paving, Con-E-Co, Heatec, KPI-JCI and Astec Mobile Screens, Osborn, Peterson, RexCon, Roadtec and Telsmith, will no longer operate as separate subsidiary companies and will all take on the ASTEC name. The unification is a significant part of the company's OneASTEC business model including its "Simplify, Focus and Grow" strategy.
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CPRI FOSL | Hot Stocks10:57 EDT Capri Holdings: Watch sales were positive for first quarter since 2016 - Capri Holdings (CPRI) said on its Q4 earnings conference call that retail watch sales were up double digits. The Fly notes that Capri's Michael Kors has a watch licensing deal with Fossil (FOSL) through 2024. Fossil shares are up nearly 12% to $13.45.
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T... | Hot Stocks10:55 EDT WarnerMedia says HBO Max coming to 39 Latin American territories on June 29 - HBO Max, the WarnerMedia subscription streaming platform, announced that it will be available in 39 territories in Latin America and the Caribbean starting June 29. "Our launch in Latin America and the Caribbean is the first step in our global rollout of HBO Max. We are thrilled that fans across the region will soon be able to enjoy HBO Max and its amazing collection of content. WarnerMedia is one of the most popular and trusted sources of entertainment across Latin America, and we are very excited that our global journey starts here," commented Johannes Larcher, Head of HBO Max International. AT&T (T) and Discovery (DISCA) recently announced a definitive agreement to combine WarnerMedia's assets with Discovery's businesses to create a standalone global entertainment company.
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MMM | Hot Stocks10:42 EDT 3M sees Q2 as 'toughest' for supply chain, sees easing in Q3 and Q4 - Comments taken from the Wolfe Research Global Transportation and Industrials Conference.
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GME | Hot Stocks10:37 EDT GameStop hiring team to build NFT platform - GameStop is hiring a team to develop its own non-fungible token, or NFT, platform, according to a website set up by the company. The company, which also posted a link to an Ethereum address, said, "We are building a team. We welcome exceptional engineers, designers, gamers, marketers, and community leaders." Reference Link
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CRTD | Hot Stocks10:33 EDT Creatd guides on upcoming product roadmap - Creatd, the parent company of Vocal, unveiled the Vocal Ambassador Program, which it said was "introduced to accelerate Vocal+ subscriptions," as well as provided guidance on its upcoming product roadmap. Following the rollout of the Ambassador Program, the company plans to introduce a series of updates including "Following," "Commenting," and "Quick Edit" features, it said. Additionally, a new "Support" feature will allow Vocal+ creators to receive recurring income directly from their fans through a monthly subscription structure. "The announcement of Creatd's product roadmap comes days after the company achieved their latest milestone of 1 million Vocal creators, and the release of these new features is expected to further accelerate Vocal's expansion, drive platform activity, and work in support of the company's stated goal of reaching 100,000 premium Vocal+ subscribers by year-end 2021," Creatd stated.
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WRAP | Hot Stocks10:18 EDT Wrap Technologies: Seattle PD approves BolaWrap pilot program - Wrap Technologies announced the Seattle Police Department has approved a pilot program for the BolaWrap Remote Restraint device. According to KOMO News in Seattle, SPD Interim Chief Adrian Diaz has greenlit the BolaWrap for field testing by the Seattle Police Department. More details will be released about the program when available, the company said in a statement. Tom Smith, President and CEO of WRAP, said, "Our team looks forward to working with the Seattle Police Department to support successful implementation of the BolaWrap and training that best fits their needs for innovative public safety and law enforcement solutions focused on avoiding escalation of force."
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PYPL | Hot Stocks10:12 EDT PayPal invests additional $50M in black, latinx-led venture capital funds - PayPal announced that it will invest an additional $50M in 11 Black- and Latinx-led early-stage venture capital funds, including Aperture Venture Capital; Collab Capital; Interlace Ventures; Kapor Capital; MaC Venture Capital; Noemis Ventures; Seae Ventures; SV LATAM Capital; and three additional funds. These build upon the $50M investment by PayPal in eight Black and Latinx-led early-stage venture capital funds announced in October 2020 and are part of the company's commitment to invest $535M to "support Black-owned businesses, strengthen underrepresented minority communities and fight for racial equity and economic equality," the company said. "Venture capital funds led by Black and Latinx managers expand wealth creation opportunities for diverse founders," said Dan Schulman, president and CEO, PayPal. "Over the long-term, the $100M we are investing in 19 exceptional venture capital firms will help to foster a next generation of diverse founders that are building products and services that empower a more inclusive economy. These investments grow from our commitment to advance a more just and equitable society." PayPal will work collaboratively with these early-stage funds to provide resources, relationships and deep industry expertise, and, in some cases, invest directly in businesses alongside the funds through PayPal Ventures, its venture capital arm.
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PII | Hot Stocks10:03 EDT Polaris names Chris Wolf as chief product excellence, quality, safety officer - Polaris announced that Chris Wolf has been named to the role of chief product excellence, quality and safety officer. Polaris initiated a search for this newly elevated role after Todd Gross, vice president of Global Product Safety and Quality, shared his intent to retire earlier this year. Wolf, who has been with the company for nearly 20 years, most recently served as president of Snowmobiles. Wolf will lead the Global Product Safety and Quality team and continue to serve as a member of the company's executive leadership team, reporting to Ken Pucel, executive vice president of Global Operations, Engineering and Lean. John Stockman has been named vice president and general manager of Snow, reporting to Steve Menneto, president of Off Road. Stockman will succeed Wolf in leading the company's Snow business, including product development, engineering, marketing and sales. He has been with the company for more than six years, most recently as vice president of Strategic Initiatives, Corporate Partnerships and Boats Integration.
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JWN | Hot Stocks10:00 EDT Nordstrom falls -9.5% - Nordstrom is down -9.5%, or -$3.48 to $33.00.
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RLX | Hot Stocks10:00 EDT RLX Technology falls -11.7% - RLX Technology is down -11.7%, or -$1.29 to $9.73.
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GOTU | Hot Stocks10:00 EDT GSX Techedu falls -16.7% - GSX Techedu is down -16.7%, or -$3.33 to $16.62.
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DKS | Hot Stocks10:00 EDT Dick's Sporting rises 11.7% - Dick's Sporting is up 11.7%, or $9.87 to $94.04.
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GME | Hot Stocks10:00 EDT GameStop rises 12.4% - GameStop is up 12.4%, or $25.89 to $235.32.
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OMI | Hot Stocks10:00 EDT Owens & Minor rises 13.6% - Owens & Minor is up 13.6%, or $4.41 to $36.81.
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CMCSA CMCSK | Hot Stocks09:58 EDT Comcast 'back in the business of doing buybacks' starting today - CFO Michael Cavanagh is speaking at the JPMorgan Global Technology, Media and Communications Conference.
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VLDR | Hot Stocks09:50 EDT Velodyne Lidar calls assertions by David Hall, Marta Thoma Hall 'baseless' - Velodyne Lidar issued a response to a filing by David Hall and Marta Thoma Hall and Eric Singer. The response read in part, " Velodyne Lidar is the leading lidar company, known worldwide for its broad portfolio of breakthrough lidar technologies, having delivered approximately $95 million in revenue through the sale of 11,710 units in 2020. The Velodyne Lidar Board of Directors and management team are executing on a strategy designed to drive long-term growth for the Company and value for stockholders with the highest standards of corporate governance. Under the direction of the current Board, the Company continues to set production records and the management team is delivering significant progress on its growth plans, positioning Velodyne Lidar to meet the rapidly growing volume requirements of its customers in the coming years. Today, Velodyne Lidar is the only lidar company with both the breadth of product portfolio and the manufacturing capability to deliver low-priced lidar with multiple specifications at scale for many real-world applications. Velodyne Lidar also continues to innovate, launching award-winning products that will continue to advance the Company's strong pipeline and meet the increased demand for its revolutionary hardware and software solutions. The Company believes its pipeline is the most robust in the industry, as demonstrated by a 51% increase in projects - growing from 131 projects in January 2020 to 198 as of May 2021. Velodyne Lidar shipped over 2,600 sensors in the first quarter of 2021 alone, including 600 solid state sensors. Based on available public information, this far exceeded shipments of all of the Company's public competitors combined. ..As disclosed on February 22, 2021, the Board's independent Audit Committee conducted an investigation, aided by independent legal counsel, which concluded that Mr. and Mrs. Hall each behaved inappropriately with regard to Board and Company processes, and failed to operate with respect, honesty, integrity, and candor in their dealings with Company officers and directors. Accordingly, the Board approved remedial actions including censure and the removal of Mr. Hall as Chairman of the Board and the termination of Ms. Hall as an employee of the Company...The Velodyne Lidar Board prides itself on its commitment and adherence to sound corporate governance, seeking highly qualified, independent and diverse directors. The Halls have put forward a candidate in Eric Singer who the Board believes exemplifies none of those characteristics. The Board determined not to recommend Mr. Singer for election at the upcoming Annual Meeting of Stockholders following a comprehensive process to evaluate Mr. Singer, including reviewing his qualifications and prior experience...Velodyne's Board of Directors recommends stockholders support Mr. Zarringhalam's nomination at the 2021 Annual Meeting of Stockholders. There are two Class I seats up for election at the Company's 2021 Annual Meeting of Stockholders and, for one of them, the Board has nominated and recommended Mr. Zarringhalam. The Board does not recommend any candidate for election other than Mr. Zarringhalam. "
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CVS... | Hot Stocks09:52 EDT CVS, Walgreens, Rite Aid fall after Insider says Amazon weighing pharmacies - Shares of CVS Health (CVS), Walgreens Boots Alliance (WBA) and Rite Aid (RAD) fell after Insider reported that Amazon.com (AMZN) is weighing a push into physical pharmacies.
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JWN | Hot Stocks09:48 EDT Nordstrom falls -9.6% - Nordstrom is down -9.6%, or -$3.51 to $32.97.
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RLX | Hot Stocks09:47 EDT RLX Technology falls -12.0% - RLX Technology is down -12.0%, or -$1.32 to $9.70.
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GOTU | Hot Stocks09:47 EDT GSX Techedu falls -16.5% - GSX Techedu is down -16.5%, or -$3.30 to $16.65.
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AMC | Hot Stocks09:47 EDT AMC Entertainment rises 8.8% - AMC Entertainment is up 8.8%, or $1.45 to $17.86.
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GME | Hot Stocks09:47 EDT GameStop rises 10.9% - GameStop is up 10.9%, or $22.81 to $232.24.
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DKS | Hot Stocks09:47 EDT Dick's Sporting rises 11.2% - Dick's Sporting is up 11.2%, or $9.43 to $93.60.
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WALD | Hot Stocks09:44 EDT Waldencast Acquisition Corporation (Class A Stock) trading resumes
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CFFE | Hot Stocks09:42 EDT CF Acquisition Corporation VIII (Class A Stock) trading resumes
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STRE | Hot Stocks09:42 EDT Supernova Partners Acquisition Company III Ltd (Class A Stock) trading resumes
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LDHA | Hot Stocks09:41 EDT LDH Growth Corporation I (Class A Stock) trading resumes
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FTPA | Hot Stocks09:41 EDT FTAC Parnassus Acquisition Corporation (Class A Stock) trading resumes
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WALD | Hot Stocks09:39 EDT Waldencast Acquisition Corporation (Class A Stock) trading halted, volatility trading pause
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CFFE | Hot Stocks09:37 EDT CF Acquisition Corporation VIII (Class A Stock) trading halted, volatility trading pause
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STRE | Hot Stocks09:37 EDT Supernova Partners Acquisition Company III Ltd (Class A Stock) trading halted, volatility trading pause
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LDHA | Hot Stocks09:37 EDT LDH Growth Corporation I (Class A Stock) trading halted, volatility trading pause
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FTPA | Hot Stocks09:36 EDT FTAC Parnassus Acquisition Corporation (Class A Stock) trading halted, volatility trading pause
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PAVM | Hot Stocks09:36 EDT PAVmed's Lucid Diagnostics receives CE Mark certification for EsoCheck device - PAVmed and its major subsidiary Lucid Diagnostics announced that Lucid's EsoCheck Esophageal Cell Collection Device with Collect+Protect technology has received CE Mark certification. EU-based Notified Body TundefinedV Rhineland LGA Products GMBH issued a CE Certificate, effective May 24, 2021, declaring that EsoCheck conforms to the essential requirements of Medical Device Directive 93/42/EEC. With CE Mark secured, EsoCheck may now be marketed in CE Mark European countries, which include the European Economic Area, Switzerland, and, until July 1, 2023, the United Kingdom.
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AVCT | Hot Stocks09:33 EDT AVCtechnologies launches new features, capabilities with Smart Office - American Virtual Cloud Technologies announced the latest evolution of Smart Office, a full suite of collaboration and communications tools offered on the Kandy Cloud Platform. "Smart Office now features enhanced security for all remote endpoints and an improved user interface and experience," the company said. "As data breaches continue to rise, the flood of stolen data has made hacking passwords even easier. To enable users to more confidently protect their businesses and improve their security posture, Smart Office now features optional use single sign-on authentication on all Smart Office UC desktop and mobile clients using corporate credentials," the company added. Additional new features include: "enhanced" user interface; real-time notification; message and contact synchronization; and integration with Poly headsets.
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CLSK | Hot Stocks09:33 EDT CleanSpark finalizes purchase of ATL Data Center real estate - CleanSpark announced that it had completed the purchase of the six acre property which houses ATL Data Centers LLC and the 41,387 square foot data center building. As a part of the transaction in December of 2020, CleanSpark acquired the existing Bitcoin mining 'mobile data centers' within the facilities. The Company is in the process of expanding the number of mobile units deployed on-site in support of its focus on maximizing value and minimizing operating expense. A purchase option for the building and site was included in the original lease agreement at closing, and the resulting purchase transaction was finalized May 20, 2021 at a price of $4.71M. Obtaining ownership of the property will save the Company over fifty thousand dollars per month in rent resulting in a reduction of overhead and expenses by more than 20% in our mining segment. The Company will leverage the additional acreage to add renewables on site and to maximize the value of its substantial power purchase agreement.
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NRXP | Hot Stocks09:31 EDT NRx Pharmaceuticals signs master services agreement with Cromos Pharma - NRx Pharmaceuticals, through its Georgia subsidiary, announced that it has signed a master services agreement with Cromos Pharma, headquartered in Longview, Washington, to conduct phase 3 clinical trials of COVID-19 related drugs and vaccines in Central Europe and the Caucasus Region. The Senator Richard Lugar Research Institute, a US Government-funded regional research laboratory also serves as part of the collaboration. This region comprises a population of more than 500M people, many of whom lack access to current COVID-19 vaccines and therapies. Cromos will support NRx in the development of ZYESAMI (Aviptadil acetate) for home treatment of COVID-19, working to reduce the incidence of hospitalization and death. In addition to the urgent human need, this initiative may reduce the current overwhelming demand for hospital resources. Cromos will further provide safety monitoring and pharmacovigilance for population-wide emergency use of intravenous ZYESAMI in critically-ill patients, upon approval by national ministries of health.
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AIM | Hot Stocks09:30 EDT AIM ImmunoTech announces safety data from Phase 1 clinical trial on Ampligen - AIM ImmunoTech announced that it has completed dosing of Cohort 3 in a Phase 1 clinical study to assess the safety, tolerability and biological activity of Ampligen as an intranasal therapy, reporting no serious adverse events. This is consistent with results in the first two cohorts of the study and at escalating doses. The study protocol called for a total of 40 healthy subjects to receive repeated administration of either Ampligen or a placebo. Subjects in Cohort 1 received 75 undefined of Ampligen, subjects in Cohort 2 received 200 undefined of Ampligen and subjects in Cohort 3 received 500 undefined. The study is already proceeding with Cohort 4, with subjects receiving 1250 undefined. The Centre for Human Drug Research, an independent institute located in Leiden in the Netherlands, is conducting the Phase 1 clinical study AMP-COV-100, titled "A Phase I, Randomized, Double-Blind, Placebo-Controlled Study to Evaluate the Safety and Activity of Repeated Intranasal Administration of Ampligen in Healthy Subjects." AIM is sponsoring and funding the clinical study.
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JE JENGQ | Hot Stocks09:30 EDT Just Energy says stay period under CCAA extended to Sept. 30 - Just Energy Group announced that the Ontario Superior Court of Justice has, among other things, extended the stay period under the Companies' Creditors Arrangement Act to September 30, 2021. The Company is using the extended stay period to focus on growing the business and to continue engaging with key stakeholders, with a view of implementing a value maximizing emergence plan. In addition, the Company continues to explore and develop options regarding invoices received from the Energy Reliability Council of Texas related to the Texas extreme weather event in February, including potential legislation, the dispute resolution process initiated by the Company with ERCOT and potential litigation challenges. The total financial impact of the Weather Event to the Company may change due to the enactment of legislation, the outcome of the dispute resolution process and successful litigation challenges. The Company has also been advised by the lenders under the $125M debtor-in-possession loan comprised of OC II VS XIV, a Delaware limited partnership, and certain other funds under common management with OC II, that OC II has filed an amended early warning report pursuant to Canadian securities laws to provide updated disclosure relating to the Funds' plans with respect to their current investment in Just Energy and potential participation in the Company's restructuring. In addition, Just Energy previously announced plans to apply to the TSX Venture Exchange to transition the trading of its common shares from the Toronto Stock Exchange to the TSX-V. The Company has received conditional approval to list its common shares on the TSX-V and trading is expected to commence in early June. Due to the ongoing CCAA process, the Company also announced that the Court approved the postponement of its annual meeting of shareholders until further notice.
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KYMR | Hot Stocks09:28 EDT Kymera Therapeutics presents new data on tissue-restricted E3 ligase - Kymera Therapeutics presented new data demonstrating proof-of-concept for its Pegasus platform, including the identification and characterization of a novel and previously unliganded E3 ligase with restricted expression in healthy tissues while broadly expressed in cancer cells, as determined by proteomics. Kymera discovered novel ligands for this ligase using state-of-the-art hit finding techniques and subsequently designed a novel proof-of-concept STAT3 degrader compound based on this novel E3 ligase. The degrader demonstrated potent and dose-dependent degradation of STAT3 across multiple cancer cell lines. These data are being presented by Chris De Savi, PhD, Vice President, Head of Drug Discovery at Kymera, today at the inaugural Ligase Targeting Drug Development Summit, taking place virtually from May 25-27. Kymera has identified the expression profiles of approximately 600 naturally-occurring unique E3 ligases across different tissues with its E3 Ligase Whole-Body Atlas. This knowledge enables Kymera to match a target protein with the appropriate E3 ligase based on expression, distribution, intracellular localization, and biology. Kymera has the ability to determine E3 ligase expression across both healthy and diseased tissues and can identify selective pairings of E3 ligases with therapeutic targets of interest, including tissue-selective or tissue-restrictive pairings. Kymera is building a proprietary toolbox of differentiated E3 ligase binders to enable the design of next-generation disease-specific degraders that target selective degradation in disease-relevant tissues, with the potential of sparing healthy tissues for an improved safety profile. Presentation highlights include: The abundance, characterization, and validation of novel chemical matter for a previously undrugged cullin-RING E3 ligase with ligandable domains and high 'ligandability' score; this novel E3 ligase is a tissue-restricted ligase, but is broadly expressed in multiple cancer cell lines; potent ligand binders identified using Pegasus platform, leading to design of degrader series across Kymera targets including proof-of-concept examples with IRAK4 and STAT3; and STAT3 degraders based on novel ligase demonstrate broad and potent degradation across multiple in vitro cancer cell lines.
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AMD | Hot Stocks09:19 EDT AMD, Mercedes-AMG Petronas Esports Team announce new partnership - AMD and the Mercedes-AMG Petronas Esports Team announced a new partnership to empower the team with championship-level computing technologies and performance for competitive virtual racing. "Through the partnership, AMD has equipped the Mercedes-AMG Petronas Esports Team with the combination of AMD Radeon RX 6900 XT Graphics Cards, built upon the AMD RDNA 2 gaming architecture, AMD Ryzen 7 5800X Desktop Processors, powered by the fastest cores for PC gamers with "Zen 3" core architecture, and advanced Radeon Software to enable the highest framerates and ultra-low-latency gameplay. Optimized for esports gaming, AMD hardware and software technologies will provide the Mercedes-AMG Petronas Esports Team drivers with ultra-fast click to response times, the smoothest driving experience, and an unmatched competitive edge for virtual racing," the company said. AMD will also contribute gaming systems to a new Mercedes-AMG Petronas Esports Training Facility, expected to be launched later in 2021, in Brackley, UK. "This world-class esports training facility will provide AMD-powered gaming equipment to help esports athletes elevate their game to new levels and support the next generation of up-and-coming esports drivers," the company added. This new partnership expands the existing collaboration between AMD and the Mercedes-AMG Petronas Formula One Team to drive extreme performance, following the successful roll-out of AMD-powered esports gaming rigs for the Mercedes drivers to practice and compete on. This builds upon a multi-year partnership to accelerate the Mercedes-AMG Petronas Formula One Team, both on and off the racetrack. The Mercedes-AMG Petronas Esports Team will implement their AMD-powered racing rigs this spring and use them in virtual competition this season.
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VINP | Hot Stocks09:19 EDT Vinci Partners Industrial Listed REIT announces deployment of capital raise - Vinci Partners Investments announced that Vinci Logistica FII, a listed REIT managed by Vinci Partners' Real Estate segment, committed to its final acquisition from the proceeds of the capital raise in March 2021. VILG is a perpetual capital listed REIT, focused on income generation to its quotaholders through the acquisition of industrial properties in Brazil. The fund currently has a market capitalization of over R$1.7B. Since the fund's last capital raise in March 2021, the management team has announced three acquisitions: a 50% stake in "Parque Logistico Pernambuco", located in Ipojuca, Pernambuco; 100% of "Porto Canoa LOG", located in Serra, Espirito Santo; and 100% of "Airport Town Guarulhos III", located in Guarulhos, Sao Paulo. All three assets are 100% leased to high-quality tenants.
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BYND | Hot Stocks09:19 EDT Beyond Meat Chief Growth Officer Charles Muth to retire - In a regulatory 8-K filing, the company states: "On May 24, 2021, Charles Muth, Chief Growth Officer of Beyond Meat, notified the company of his plans to retire effective June 4, 2021. Mr. Muth will continue in his current role through June 4, 2021. Deanna Jurgens will assume the responsibilities of Chief Growth Officer effective June 4, 2021. Ms. Jurgens brings over 20 years of experience with a proven record of growing sales and profit via strategy, branding, marketing, operational excellence and innovative approaches. Most recently Ms. Jurgens worked as the Chief Global Sales Officer at Rodan + Fields LLC, a direct sales skincare brand, where she was responsible for sales teams across the U.S., Canada, Australia and Japan."
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VRSK | Hot Stocks09:18 EDT Verisk Analytics announces SmartScope feature for Xactimate, XactAnalysis - Property professionals can now save significant time estimating and managing water mitigation, interior and exterior claims with SmartScope, a new feature in Verisk's Xactimate and XactAnalysis solutions. The new SmartScope feature in Xactimate, powered by Vai, rapidly guides property professionals through the estimating and repair process for water mitigation, interior and exterior claims. Estimators simply answer dynamic questionnaires, apply line items, select property characteristics and then SmartScope automatically calculates repair costs. Water mitigation technicians can create floor plan diagrams, manage equipment placement and enter moisture readings from Xactimate mobile.
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CMTL | Hot Stocks09:17 EDT Comtech awarded $1.6M contract for high-power solid-state amplifiers - Comtech Telecommunications announced that during its third quarter of fiscal 2021, its New York-based subsidiary, Comtech PST Corp., which is part of Comtech's Government Solutions segment, was awarded an additional $1.6 M contract for RF microwave solid-state amplifiers from a major domestic prime contractor, adding to an initial $1.7M million contract awarded earlier this fiscal year. These very high-power solid-state amplifiers, which utilize the latest in solid-state GaN transistor technology, were developed in close cooperation with the prime contractor and are part of a complex RF microwave transmission system used by the U.S. Military.
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WTER | Hot Stocks09:17 EDT Alkaline Water announces Caribbean distribution partnership with SaluVid - Alkaline Water announced its first Caribbean distribution partnership with SaluVid, a division of TraFon Group, who will market and promote the distribution and sales of the company's products throughout Puerto Rico and other select Caribbean islands.
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AVGO | Hot Stocks09:15 EDT Broadcom announces Expert Advantage partner program - Broadcom announced the launch of Expert Advantage, an expanded global channel services partner program, focused on customer success to drive growth across Broadcom Software solutions. Built on an already robust CRN 5-Star awarded Advantage partner program, Expert Advantage expands Broadcom Software's services partner ecosystem - from a single strategic partner to a growing and diverse network of trusted, highly specialized, and localized experts - under a new program structure to accelerate adoption of Broadcom software while delivering value to customers and ensuring their success. As the pace of digital business transformation accelerates coupled with the rise in cyber attacks and data breaches, enterprises are driven to digitally transform their operations and protect their assets and information from multifaceted threats. Broadcom recognizes that partners with highly specialized skill sets and localized expertise play a critical role in helping customers achieve their digital transformation and cyber security goals, including support for technology deployment and change management. Hence, Broadcom is investing significantly in Expert Advantage to expand these specialized services partnerships to better serve joint customers and maximize their software investments.
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VCYT | Hot Stocks09:15 EDT Veracyte announces XA can identify clinically relevant gene fusions - Veracyte announced new data that show the company's Afirma Xpression Atlas XA can identify clinically relevant gene fusions in thyroid nodule samples collected via fine needle aspiration, FNA. The findings, which will be presented June 4 at the 2021 American Society of Clinical Oncology ASCO Annual Meeting, support use of the whole transcriptome RNA-sequencing test to detect gene fusions that may guide the use of targeted treatments for thyroid cancer. "The increasing availability of targeted therapies for thyroid cancer, including tyrosine kinase inhibitors, means physicians must have tools that reliably identify the patients who may benefit from these therapies," said Lori J. Wirth, M.D., medical director of the Center for Head and Neck Cancers, Mass General Cancer Center, who will present the data. "Using the Afirma XA test, we were able to identify and report the prevalence of clinically relevant gene variants and fusions in real-world thyroid nodule samples." The American Cancer Society predicts that more than 44,000 individuals will be diagnosed with thyroid cancer in the United States this year. Pathologists use the Bethesda system to classify thyroid nodules into several categories - from benign to malignant - using FNA samples. The Afirma XA uses whole transcriptome RNA sequencing to identify 905 DNA variants and 235 RNA fusions in 593 genes on FNAs taken from thyroid nodules. Increasing numbers of these gene fusions can be targeted by small-molecule therapies.
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MDLZ | Hot Stocks09:14 EDT Mondelez to acquire snacking company Chipita for $2B - Mondelez International announced an agreement to acquire Chipita S.A., a high-growth key player in the Central and Eastern European croissants and baked snacks category. First established in Greece over 40 years ago, Chipita S.A. generated approximately $580M of revenue in 2020 and has a proven track record of consistent growth from its portfolio of croissant and baked snack brands, including 7Days, Chipicao, and Fineti. Chipita S.A. has been at the forefront of the development and growth in the sector across multiple countries driven by its strong innovation and manufacturing capabilities. Chipita S.A.'s products, produced in 13 manufacturing plants, and delivered in more than 50 countries, reach two billion consumers. The acquisition will enable the Mondelez International business to offer a broad bakery portfolio - biscuits, cake and now pastry - meeting growing consumer demand for this segment. In addition to bringing a new category to Mondelez International, the acquisition will also offer significantly increased presence in the fast-growing Central and Eastern European markets where Chipita S.A.'s business is especially well positioned. Mondelez International will utilize Chipita S.A.'s Central and Eastern European distribution network capabilities to enhance its own distribution in the region and continue to bring the brands to new countries in the region and beyond. The deal will also offer innovation and co-branding opportunities by bringing Mondelez International's iconic chocolate brands to new categories. Over time Mondelez International expects to deliver comprehensive synergies and a range of benefits including procurement and manufacturing expertise, building upon Chipita S.A.'s existing differentiated capabilities. Mondelez International plans to fund the purchase price of approximately $2B, which is subject to certain closing purchase price adjustments, through a combination of new debt issuance and existing cash. Mondelez International expects the transaction to be immediately accretive to earnings per share from closing. The transaction is subject to relevant antitrust approvals and closing conditions. The perimeter of the transaction does not include P.G. Nikas S.A., a meat-processing business, or Chipita S.A.'s minority interest in its Indian joint venture.
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NXST | Hot Stocks09:11 EDT Nexstar names Courtney Williams as Chief Diversity Officer - Nexstar Media Group announced that it has named Courtney Williams to the newly created position of Chief Diversity Officer, responsible for leading the Company's efforts to expand diversity in hiring, promotion, and retention. Ms. Williams currently serves as Vice President of Human Resources for Nexstar. She will continue to report to Terri Bush, Senior Vice President of Human Resources and Associate Counsel, and assume her additional duties immediately. Ms. Williams joined Nexstar in late-2019, after serving in a variety of human resources leadership positions across a broad array of companies in different industries, including General Electric, Coca-Cola Refreshments, Gannett and Tribune Media. She was promoted to Vice President of Human Resources for Nexstar in September 2020, responsible for helping guide the Company's corporate management teams on all human resources issues, directing human resources staff, and optimizing the efficient delivery of corporate support to all employees on human resource matters. As Nexstar's Chief Diversity Officer, Ms. Williams will oversee the creation, development, and execution of a comprehensive strategic plan to expand the Company's diversity, equity, and inclusion efforts. She will also serve as the Chairperson of Nexstar's Diversity and Inclusion Council.
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BIG | Hot Stocks09:10 EDT Big Lots, Tango extend partnership for three additional years - Tango is pleased to announce the extension of its partnership with Big Lots for three additional years. Big Lots, a national neighborhood discount retailer with 1414 stores, is now a full lifecycle customer, utilizing all products in the Tango Retail suite including Predictive Analytics, Real Estate, Projects, Lease, and Maintenance.
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JBLU | Hot Stocks09:10 EDT TrueBlue loyalty program members able to earn American Airlines flight points - JetBlue (JBLU) and American Airlines (AAL) announced that JetBlue's TrueBlue loyalty program members are now eligible to earn points on all American Airlines-operated flights. The new accrual agreement covers American flights operating with the JetBlue code within the carriers' Northeast Alliance, as well as on all other American flights operating anywhere in the world. At the same time, American's AAdvantage members can now accrue miles on all JetBlue flights within and beyond the Northeast. "Just in time for summer travel, we're giving TrueBlue members more program value and versatility by offering the ability to earn TrueBlue points on thousands of daily flights operated by our Northeast Alliance partner, American Airlines," said Don Uselmann, vice president loyalty & personalization, JetBlue. "As JetBlue and American add more routes and new destinations to and from the Northeast, we're able to enhance our Northeast Alliance so that our loyal customers can get rewarded more often." "One of the best things about our Northeast Alliance is the additional benefits it brings to customers. This includes more ways to earn miles and more choice in how they use them, creating a truly valuable loyalty program," said Alison Taylor, American's chief customer officer. "Our partnership with JetBlue offers travelers more options to get to more places with ease, thanks to better schedules and on a more premium product."
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HCA... | Hot Stocks09:10 EDT HCA Healthcare, Google Cloud announce multi-year strategic partnership - HCA Healthcare (HCA) and Google Cloud (GOOGL) announced a multi-year strategic partnership that plans to build on HCA Healthcare's innovative use of information technology to accelerate the digital transformation taking place within the company. The partnership with Google Cloud is designed to help create a secure and dynamic data analytics platform for HCA Healthcare and enable the development of next generation operational models focused on actionable insights and improved workflows. While protecting patient privacy and the security of data, HCA Healthcare uses information from its 32M annual encounters to identify opportunities to improve clinical care and support its 93,000 nurses and 47,000 active and affiliated physicians. The partnership with Google Cloud is expected to enhance efforts by HCA Healthcare to continue to improve and develop new advanced decision support to promote quality, safety, and efficiency.
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PRGS | Hot Stocks09:08 EDT Association of Legal Administrators selects Progress Sitefinity Cloud - Progress announced that the Association of Legal Administrators has chosen Progress Sitefinity Cloud as its content management system. With Sitefinity Cloud content management system, ALA is able to build compelling digital experiences and transform the performance of its website through streamlining infrastructure maintenance.
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AGR PNM | Hot Stocks09:08 EDT Avangrid merger with PNM Resources receives NRC approval - Avangrid (AGR) announced that it has received Nuclear Regulatory Commission, NRC, approval for its proposed PNM Resources (PNM) merger. NRC approval represents the sixth governmental approval. The only remaining approval is from the New Mexico Public Regulation Commission, or NMPRC, the company stated.
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ADN | Hot Stocks09:08 EDT Advent Technologies reports Q1 RFB bookings, shipments up 500% - Advent Technologies reported that bookings and shipments of their materials for redox flow batteries, or RFBs, in Q1 rose by 500% year-over-year. Advent's materials apply to renewable energy storage and production, including the membrane electrode assemblies used in high temperature fuel cells. Emory DeCastro, Advent Technologies CTO, commented: "Advent's materials solve critical problems for flow batteries by making utility-scale energy storage devices cost effective. Our tremendous year-over-year increase not only represents the start of new supply agreements, but it is also our most significant contribution into commercial redox flow battery systems to date. The ability to provide increasing quantities of customer-specific components also reinforces our strategy of using Advent manufacturing processes at third party production facilities."
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JCI | Hot Stocks09:07 EDT Johnson Controls selected by CIty of La Crosse for infrastructure update - Johnson Controls and the City of La Crosse have launched the next phase of the city's sustainability initiative. This next phase will deliver solar photovoltaic and energy efficiency installations throughout city fire stations, at community libraries and within several city parks as well as LED upgrades to the city's street lighting. The improvements are expected to generate $7.98M in total savings and reduce energy consumption by 35% in those buildings. In addition to the performance contract the City of La Crosse leveraged locally available grants totalling over $360K.
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NOK BGAOY | Hot Stocks09:05 EDT Nokia, Proximus deploy Proximus live fiber network - Nokia (NOK) and Proximus (BAOGY) turned on "the world's fastest fiber access network" at a media event in Antwerp attended by the Belgian Minister of Telecommunications, the Mayor of Antwerp and executives and engineers from the two companies. Operating over existing fiber and Nokia equipment deployed in the Proximus network, the first ever 25G PON live network connects the Havenhuis building in the Port of Antwerp with the Proximus central office in the middle of the city. The network speed exceeded 20 Gigabits per second making it the fastest fiber network in the world.
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GLYC | Hot Stocks09:04 EDT GlycoMimetics doses first patient in uproleselan trial - GlycoMimetics announced that clinicians at Washington University School of Medicine in St. Louis have dosed the first patient in an investigator-sponsored trial, or IST, evaluating uproleselan as a prophylactic agent to reduce gastrointestinal, or GI, toxicities associated with high-dose melphalan in autologous hematopoietic cell transplantation for multiple myeloma.
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TWTR | Hot Stocks09:04 EDT Cathie Wood's ARK Investment bought 245.3K shares of Twitter on Tuesday
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DKNG | Hot Stocks09:04 EDT Cathie Wood's ARK Investment bought 121.5K shares of DraftKings on Tuesday
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AGR | Hot Stocks09:03 EDT AVANGRID merger With PNM gets NRC approval - AVANGRID (AGR), a leading sustainable energy company, announced that it has received Nuclear Regulatory Commission, NRC, approval for its proposed PNM Resources (PNMR) merger. NRC approval represents the sixth governmental approval. The only remaining approval is from the New Mexico Public Regulation Commission, NMPRC.
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MDT | Hot Stocks09:03 EDT Medtronic granted two CE Mark approvals for Guardian 4 sensor and insulin pen - Medtronic announced CE Mark for expanded functionality of the company's InPen smart insulin pen for multiple daily injections. The company also announced CE Mark for its Guardian 4 sensor. The CE Mark allows this sensor to be integrated with either the MiniMed 780G insulin pump system or InPen, or for stand-alone continuous glucose monitoring use. Commercial launches will begin in European markets later this Q2. In the United States, Guardian 4 sensor and the MiniMed 780G system are investigational use only and not approved for sale.
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NSP | Hot Stocks09:02 EDT Insperity increases quarterly cash dividend 12.5% to 45c per share - Insperity announced that its board of directors has approved a 12.5% increase in its quarterly regular cash dividend from 40c to 45c per share. The cash dividend will be paid on June 24 to all stockholders of record as of June 10.
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JNJ | Hot Stocks08:50 EDT Belgian suspends J&J Covid vaccine for people under age 41 - The Belgian government said it is suspending Johnson & Johnson's COVID-19 vaccine for people under the age of 41 following the death of an under 40 year-old woman who suffered from severe thrombosis and platelet deficiency. "The Inter-ministerial conference has decided to temporarily administer Janssen's vaccine to the general population from the age of 41 years, pending a more detailed benefit-risk analysis by the EMA," Belgian health ministers said in a statement.
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OMQS | Hot Stocks08:49 EDT Omniq receives $1.5M order for IoT 'contactless' data collection solution - OMNIQ announced that it has received purchase orders with a total value of approximately $1.5M from a leading freight transportation and logistics company which spans more than 40M square feet of warehousing space, across more than 150 locations with more than 10,000 employees. The purchase order is for rugged mobile computers to be used in DC operations conducting automation of processes, digital monitor and control and efficiencies through the supply chain level. "From the beginning of fiscal year 2021, we're experiencing a strong momentum that continues with this order from one of the largest freight transportation and logistics companies in the world and we are honored that OMNIQ was chosen to provide the technology and hardware to support its international supply chain operations," said Shai Lustgarten, CEO of OMNIQ. "Following the announced orders from different verticals like healthcare, retail, transportation and logistics, parking management and homeland security we leverage our very strong and loyal customer base that combined with the quality of our solutions form a strong base for future growth," concluded Lustgarten.
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CMLS | Hot Stocks08:45 EDT Cumulus Media accelerates debt reduction, commences $175M debt paydown - Cumulus Media announced that it has initiated actions to pay down $175M of debt using cash on hand. On May 17, 2021, the company completed a $60M repayment of its ABL Revolver due 2025, which represented the entirety of the amount outstanding under the facility. Following the paydown, the ABL Revolver due 2025 is undrawn and available as liquidity for general corporate purposes. The company was required by the terms of its debt agreements to make mandatory debt prepayments from the proceeds of the company's previously announced sale of land in Bethesda, MD, in June 2020 and sale of towers and related assets in September 2020, after giving effect to a right of reinvestment. On May 25, 2021, the company paid down approximately $89M of its Term Loan Credit Facility due 2026 related to this mandatory prepayment obligation. Approximately $65M of the prepayment related to the Land Sale, and approximately $23M of the prepayment related to the Tower Sale. Additionally, pursuant to the terms of its 6.75% Senior Secured First Lien Notes due 2026, the company launched a tender offer for the Notes at par for approximately $26M, which represents the pro rata amount required to be offered from the proceeds of the Tower Sale. Following the expiration of the tender offer, any amounts that remain untendered will be directed toward an additional prepayment of the Term Loan.
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SABR | Hot Stocks08:43 EDT Sabre partners with Byhours to distribute hotel microstays - Sabre and Byhours,an international platform for hotel microstays, have signed a new agreement to provide Sabre's agency community with relevant content that will allow them to sell rooms by the hour through the Byhours' Sabre Red App. Under the agreement, travel agents using Sabre's global distribution system will have access to Byhours' content. Headquartered in Barcelona, Spain, Byhours launched in 2012 and developed the first booking platform that offers hourly packages at hotels around the world, allowing customers to choose their check-in time, how long they want to stay, and pay only for the amount of time they need. In 2019, Byhours opened their second office in Mexico City as its operational hub for Latin America and the U.S.
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BLPH | Hot Stocks08:43 EDT Bellerophon appoints Naseem Amin as chairman of board of directors - Bellerophon Therapeutics announced the appointment of Naseem Amin, M.D., as chairman of its board of Directors, effective immediately. Amin, who has served as an Independent Director since 2015, will succeed Jonathan Peacock, who is retiring from the company's board. Amin has broad industry experience in the biotech and medical device industries and has served as the Chief Executive Officer at Orphalan since June 2017. He was the Chairman of Arix Bioscience plc, a global venture capital company focused on investing in life sciences, until April 2021.
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EVAX ASND | Hot Stocks08:41 EDT Evaxion Biotech appoints Lars Holtug to board of directors - Evaxion Biotech (EVAX) announced today its shareholders elected Lars Holtug as a member of its board of directors. The vote was held at Evaxion's Annual General Meeting on May 25. Lars Holtug will also chair Evaxion's Audit Committee, taking over from Helen Boudreau, who chose not to stand for re-election for personal reasons. Lars Holtug served for 35 years as an employee and partner of PwC in Denmark, including four years as chairman of the board. He currently serves on the boards of a number of companies, including Gaming Investment and MTI Caretag Invest, both of which as Chairman, and Ascendis Pharma (ASND) as a board member, Audit Committee Chair and member of the Remuneration Committee.
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FKWL | Hot Stocks08:39 EDT Franklin Wireless surpasses 50,000 subscribers for MDM service - Franklin Wireless announced it has surpassed 50,000 subscribers for its Mobile Device Management Service, a subscription-based offering that enables schools and businesses to expand remote access without significant up-front capital investment.
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DISCA AMZN | Hot Stocks08:39 EDT Discovery CEO: Amazon-MGM deal boosts our value
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AGFMF | Hot Stocks08:38 EDT AGF Management to conclude joint venture relationship with Instar Group - AGF Management Limited announced that it has entered into a definitive agreement with Instar Group Inc. to conclude their joint venture relationship in InstarAGF Asset Management following the establishment of its two flagship funds, InstarAGF Essential Infrastructure Fund I and II. AGF will retain its economic interest in the InstarAGF Funds including an upcoming third fund managed by Instar, which AGF has agreed to support with an anticipated $50M capital commitment. AGF has $2.6B of AUM and fee earning assets in its private alternatives business today. AGF's strategic vision for private alternatives combines diversified capabilities across multiple planks alongside participation as a core investor in bespoke and distinct opportunities that deliver added value for the firm's shareholders. Based on the terms of the agreements, AGF will maintain its respective investment and carried interest participation in the InstarAGF Funds, invest in and receive a carried interest entitlement in Fund III and receive ongoing fees based on assets under management. AGF has entered into an arrangement with Instar whereby AGF will earn ongoing annual fees of 14 bps on the assets under management of the InstarAGF Funds and, upon AGF's commitment to the Fund III, AGF will earn ongoing annual fees of 7 bps on the assets under management of Fund III. Revenue earned from the fee arrangement and carried interest entities will directly flow to AGF's EBITDA as there are no incremental expenses. GF's monthly AUM disclosure going forward will be modified to include a line "other fee earning assets" related to AUM associated with this agreement.
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RPAY PSFE | Hot Stocks08:38 EDT Repay and Paysafe team to enable U.S. merchants to accept online cash payments - Repay Holdings (RPAY) announced a partnership with Paysafe (PSFE), a leading specialized payments platform, to enable REPAY merchants to accept cash payments at over 60,000 of Paysafe's retail partner locations, including major convenience stores, dollar stores, and pharmacies across the United States. Leveraging Paysafe's Paysafecash online cash, or eCash, solution, these cash transactions are recorded as real-time payments, adding even greater convenience to payers and expanding the capabilities of lenders and B2C companies to meet customer payment preferences. The strategic partnership will complement REPAY's suite of electronic payment solutions by offering cash as an online payment option through Paysafecash, enabling businesses, particularly lenders, to accept cash in any U.S. retail location that accepts Paysafe's eCash product. Effectively, offering opportunities for payers to use eCash helps to bridge the gap between cash and online payments, particularly for the large number of unbanked and under-banked Americans today. Consumers initiate the online cash payment by selecting Paysafecash at checkout. They then receive a unique barcode, which gets scanned at the payment location and settled in cash. Once the cash transaction is complete, the payment is posted and REPAY delivers the transaction details back to the merchant, seamlessly updating the consumer's account with the most recent payment information. The money is subsequently deposited into the merchant's bank account via ACH - and is not subject to chargebacks as other electronic payments may be. "As REPAY continues to innovate, we aim to reduce the friction of the repayment process by offering convenient payment solutions for lenders and their borrowers," said Susan Perlmutter, Chief Revenue Officer, REPAY. "Through our partnership with Paysafe, lenders on the REPAY platform will be able to accept cash within the REPAY ecosystem through the Paysafecash eCash solution, benefiting from real-time posting and streamlined reconciliation processes. Consumers can now easily access any Paysafe retail partner location and quickly pay their bill."
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AMZN | Hot Stocks08:36 EDT Amazon to acquire filmmaker MGM for $8.45B
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DISCA AMZN | Hot Stocks08:36 EDT Discovery CEO 'happy' about Amazon deal to buy MGM
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AMZN | Hot Stocks08:34 EDT Amazon to acquire MGM for $8.45B - Amazon and MGM announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45B. MGM has nearly a century of filmmaking history. Amazon said it will help preserve MGM's heritage and catalog of films, and provide customers with greater access to these existing works. "It has been an honor to have been a part of the incredible transformation of Metro Goldwyn Mayer. To get here took immensely talented people with a true belief in one vision. On behalf of the Board, I would like to thank the MGM team who have helped us arrive at this historic day," said Kevin Ulrich, Chairman of the Board of Directors of MGM. "I am very proud that MGM's Lion, which has long evoked the Golden Age of Hollywood, will continue its storied history, and the idea born from the creation of United Artists lives on in a way the founders originally intended, driven by the talent and their vision. The opportunity to align MGM's storied history with Amazon is an inspiring combination." Completion of this transaction is subject to regulatory approvals and other customary closing conditions.
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ADI | Hot Stocks08:34 EDT Analog Devices expands BMS portfolio to enable continuous battery monitoring - Analog Devices announced its expanded portfolio of battery management system products including ASIL-D functional safety and innovative new low-power features to enable continuous battery monitoring. These new devices further differentiate ADI's BMS platform that today delivers the industry's best proven accuracy, and supports all key battery chemistries-including zero-Cobalt LFP for mass market electric vehicles and energy storage systems used for reuse and recycling of battery packs. Sales of full EVs continue to accelerate as consumers increasingly move to greener transportation and governments act to create a more sustainable future. Automakers are challenged to scale their EV fleets economically, while also staying ahead of evolving safety requirements across the world. Furthermore, to ensure maximum range per charge, the vehicle power consumption must be managed not only during driving, but also when the vehicle is parked. ADI's newest BMS products support multiple battery cell configurations and deliver innovative low-power features that enable the battery to be monitored continuously even when the vehicle is turned off to ensure safety under all conditions while maximizing vehicle range. "Collaborating with Analog Devices has allowed us to scale our electric vehicle range to meet increasingly strict regulations and the growing demands of today's EV owners," said Zhu Jun, General Manager of New Energy Business at SAIC. "These new BMS solutions will enable us to advance our commitment to safety and at the same time continue to make EVs accessible for mass market consumers." As EVs become mainstream in the market, requirements for BMS are growing. Receiving the ASIL-D rating signifies the new BMS solutions meet the highest possible standards for road vehicle functional safety required by regulatory agencies across the world.
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DYAI | Hot Stocks08:32 EDT Dyadic International announces development of COVID-19 vaccine in India - Dyadic International announced that the Company has entered into a collaboration with Syngene International Limited, an integrated research, development, and manufacturing services company, to develop a COVID-19 vaccine candidate that can protect against the emerging variants of concern and which can be manufactured affordably, at very large scale, using Dyadic's proprietary C1-cell protein production platform. Like the expanded partnership previously announced with Medytox, Inc., to co-develop vaccines in the Republic of Korea and multiple Southeast Asian countries, Dyadic will work with Syngene to develop a vaccine candidate to immunize people against current and future variants of the COVID-19 virus.
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SNEX | Hot Stocks08:32 EDT StoneX Financial provides access to Chinese commodity markets - StoneX Financial, a subsidiary of StoneX Group, announced that it has become an Overseas Intermediary of the Dalian Commodity Exchange, Shanghai International Energy Exchange, and the Zhengzhou Commodity Exchange, giving it the ability to offer access to key Chinese commodities futures contracts available to international clients. StoneX clients will now have access to these key Chinese commodity markets and the ability to trade internationalised contracts such as the DCE Iron Ore futures, which is one of the most heavily traded metals futures contracts in the world.
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DUK | Hot Stocks08:31 EDT Duke Energy begins construction on 22.6MW solar project in North Carolina - Duke Energy has begun construction on the 22.6 MW Speedway Solar power plant in Cabarrus County, North Carolina. The project will be owned and operated by Duke Energy Sustainable Solutions, a new commercial brand that includes Duke Energy Renewables. The project was selected as part of the competitive bidding process established by 2017's solar legislation in North Carolina. It is targeting commercial operation by the end of 2021. During peak construction, Speedway Solar will employ about 70 workers. The solar power generated by Speedway Solar will be delivered through a 20-year power purchase agreement.
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DISCA... | Hot Stocks08:25 EDT Discovery sees being 'uniquely competitive' with Disney, Netflix - Discovery CEO David Zaslav is speaking at the JPMorgan Global Technology, Media and Communications Conference.
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CNK | Hot Stocks08:24 EDT Cinemark, D-BOX sign agreement for D-BOX haptic recliner seats - D-BOX Technologies and Cinemark Holdings announced they have signed a new agreement to install D-BOX haptic recliner seats in 8 additional locations, driving up the total number of D-BOX Cinemark screens to 99 throughout the United States.
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RNGTF | Hot Stocks08:23 EDT Osisko Development appoints Marina Katusa to board of directors - Osisko Development is pleased to announce the appointment of Ms. Marina Katusa to its Board of Directors. She is currently a member of the Board of Directors of Silvercorp Metals Inc. and was previously on the Board of Family Services of Greater Vancouver. As part of her appointment to the Board, Ms. Katusa received 27,030 deferred share units in accordance with the DSU Plan of the Company.
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F TSLA | Hot Stocks08:20 EDT Ford expects to have 1M vehicles capable of receiving system updates by year end - Ford (F) anticipates having about 1M vehicles that are capable of receiving over-the-air system updates on the road by the end of this year, exceeding Tesla's (TSLA) volume by July 2022, and scaling to 33M OTA-enabled Ford and Lincoln vehicles by 2028. The company expects digitally enabled tools like Ford Pass and Lincoln Way, online ordering, simplified financing and renewal options, vehicle pick-up and delivery, and mobile repairs. The company will deploy connected functions like Ford's BlueCruise driver-assist technologies, new features and upgraded software content, and EV charging to capitalize on what is projected to be a $20B market for such services by 2030.
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NCLH | Hot Stocks08:19 EDT Norwegian Cruise's Regent Seven Seas announces resumption of sailing plan - With Seven Seas Splendor already announced to return in September, Regent Seven Seas Cruises announced its resumption of sailing plan for the rest of The World's Most Luxurious Fleet, which will see all five ships back exploring the oceans by February 2022. The cruise line intends to preserve already published itineraries as much as possible but has also announced newly created sailings in Europe and the Caribbean for Seven Seas Explorer and Seven Seas Voyager. In conjunction with today's announcement, and while considering the global health environment, the cruise line has canceled all sailings up to each ship's respective restart date. Guests with impacted bookings will be contacted directly or via their Travel Advisor. Seven Seas Explorer will welcome back guests on October 16, 2021 sailing from Venice, Italy. She will complete two published Mediterranean voyages before crossing the Atlantic to Miami, Florida and, from November 15, 2021, sail a further two published sailings in the Caribbean. The ship then begins a newly created winter Caribbean season featuring eight new sailings, starting December 20, 2021 with a 14-night Southern Caribbean cruise. After a trans-Atlantic crossing, she will arrive back in Europe on April 10, 2022, sailing three more newly created Mediterranean itineraries before embarking on her published 2022 European summer season on May 14. Seven Seas Mariner will return to sailing on a published December 18, 2021 itinerary, cruising from Miami, Florida to San Francisco, California where she will begin an epic World Cruise on January 5, 2022. Seven Seas Navigator's resumption will begin January 6, 2022 from Miami, Florida with her published 2022 Southern Caribbean winter sailings, which include multiple round-trip Barbados voyages. Seven Seas Voyager returns with five new Mediterranean voyages, the first from Barcelona, Spain on February 15, 2022, before commencing her published 2022 European summer season itineraries exploring the Mediterranean and Northern Europe from April 15, 2022.
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AMTX PCG | Hot Stocks08:18 EDT Aemetis awarded second patent and license to produce fuels from waste wood - Aemetis (AMTX) announced the grant of a second patent for technology exclusively licensed to Aemetis that enables the production of low carbon intensity renewable fuels from waste wood feedstocks. U.S. Patent No. 2018/0346938 "High Gravity, Fed-Batch Ionic Liquid Based Process for Deconstructing Biomass" protects the use of ionic liquids to extract sugars from a wide variety of waste biomass, including forest and orchard wood. This process is expected to provide up to a 90% reduction in feedstock cost and to increase the value of renewable fuels by significantly reducing carbon intensity. The first Aemetis Carbon Zero production plant - "Carbon Zero 1" - is scheduled for construction at the 140-acre Riverbank Industrial Complex in Central California, a former Army ammunition production facility with 710,000 square feet of existing production buildings. The Carbon Zero 1 renewable jet and diesel plant and energy efficiency upgrades to the Aemetis ethanol plant include funding and other support from the USDA, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, and PG&E (PCG).
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NCLH | Hot Stocks08:17 EDT Norwegian Cruise's Oceania Cruises plans return to cruising for four vessels - Oceania Cruises has now announced return to cruising plans for four of its six vessels. Guests on Oceania Cruises will experience a number of OceaniaNEXT enhancements from the first sailing on board Marina when the line resumes operations in August with elevated dining experiences and service levels for guests. OceaniaNEXT enhancements will also debut aboard Regatta, Insignia, Nautica, Riviera, and Sirena as each vessel returns to sailing. Riviera will resume its previously published voyage schedules from Istanbul beginning on October 18, 2021 and sail a series of Mediterranean voyages prior to beginning a winter 2021-2022 series of Caribbean voyages from Miami. Insignia will resume sailing with the December 21, 2021 Panama Canal voyage from Miami prior to embarking on a sold-out 180-day Around The World cruise from Los Angeles to New York. Sirena will commence sailings starting with the January 22, 2022 Caribbean voyage from Miami to Panama City, Panama. In conjunction with today's announcement, the cruise line has canceled all sailings up to each ships' respective restart date. Guests with impacted bookings will be contacted directly or via their Travel Advisor.
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F | Hot Stocks08:16 EDT Ford establishes Ford Pro, expects $45B in revenue by 2025 - Ford also announced it is establishing Ford Pro, a global vehicle services and distribution business within Ford devoted to commercial and government customers, and led by Ted Cannis, who's been named CEO and a corporate officer. Cannis has been head of Ford's North America CV business and previously managed the Team Edison EV development group. The company said, "Providing customers with greater value and higher productivity through: The industry's most comprehensive and flexible range of electric and internal-combustion commercial vehicles, digital and physical services that can help optimize and maintain customer fleets, public, depot and employee home charging of EVs for the next day's work, and bundled financing of vehicles, services and charging. Ford anticipates company revenue of $45B by 2025, up from $27B in 2019.
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APM | Hot Stocks08:16 EDT Aptorum Group CEO subscribed shares in the company - Aptorum Group announced that Mr. Ian Huen, Founder, Chief Executive Officer and Executive Director of the Company, through his wholly owned investment company Jurchen Investments Limited, has purchased an aggregate of 1,387,925 Class A Ordinary Shares in the Company at $2.882 per share, representing a 10% premium to the last closing price. "Further to our ALS-4 and SACT-1 updates early this week, I am pleased to say that our leading programs are remaining on track with positive progress," said Mr. Huen. "I believe that my latest subscription demonstrates my steadfast confidence in the Company and I look forward for the Company to continue to deliver the exciting catalysts in 2021 and beyond."
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OVID | Hot Stocks08:15 EDT Ovid Therapeutics appoints Cavagnaro, Sullenger to Scientific Advisory Board - Ovid Therapeutics announced the appointment of Joy Cavagnaro, Ph.D., and Bruce Sullenger, Ph.D. to its Scientific Advisory Board. Joy Cavagnaro, Ph.D., DABT, ATS, RAC, FRAPS, has more than 30 years of experience in the biotechnology industry and is the President of Access BIO. She served as a member of the Senior Biomedical Research Service at the United States Food and Drug Administration's Center for Biologics Evaluation and Research. Bruce Sullenger, Ph.D., is a professor in the Department of Surgery at the Duke University School of Medicine, and a Founding Director of the Duke Translational Research Institute.
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KTRA | Hot Stocks08:13 EDT Kintara Therapeutics provides site activation update on Phase 2/3 GBM trial - Kintara Therapeutics announced that the VAL-083 treatment arm in the Global Coalition for Adaptive Research registrational Phase 2/3 clinical trial for glioblastoma multiforme, or GBM, has been activated in 15 U.S. sites as of May 14. The trial is a patient-centered trial for registration evaluating multiple therapies for patients with newly-diagnosed and recurrent GBM. GCAR plans to enroll 150-200 patients in the Kintara arm of the study at 30 sites in the U.S. and Canada with potential to increase this total to 40 clinical trial centers. The trial may accelerate VAL-083's time to pivotal trial completion and potential regulatory submission by up to 18 months. Data from the GBM trial can be used as the foundation for a new drug application and biologics license application submissions and registrations to the FDA and other health authorities. Published pre-clinical and clinical data indicate that VAL-083 has activity against a range of tumor types. VAL-083 has been granted Orphan Drug Designation for GBM by the FDA and EMA and has also been granted Orphan Drug Designations for medulloblastoma and ovarian cancer by the FDA. VAL-083 has not been approved for any indications outside of China.
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PCRX | Hot Stocks08:13 EDT Pacira announces results from phase 3 STRIDE study evaluating EXPAREL - Pacira BioSciences announced topline results from its Phase 3, randomized, double-blinded, active-controlled, multicenter STRIDE study. EXPAREL administered as combined sciatic and saphenous nerve blocks did not demonstrate statistical significance for the study's primary endpoint of reduction in cumulative pain scores from 0 to 96 hours as measured by the area under the curve versus bupivacaine HCl. EXPAREL did achieve statistical significance versus bupivacaine HCl for secondary endpoints of reducing cumulative pain scores from 24 to 96 hours post-surgery and total opioid consumption from 24 to 96 hours post-surgery. EXPAREL also achieved statistical significance versus bupivacaine HCl for area under the curve cumulative pain scores from 12 to 96 hours. The EXPAREL group achieved and maintained mild pain at 36 hours while bupivacaine HCl was in the moderate range. There were no clinically relevant safety issues observed in STRIDE, specifically no reports of falls and no serious adverse events observed in the study. Next Steps. STRIDE offers important insights into the critical position of EXPAREL as the cornerstone of multimodal protocols to achieve both early onset and prolonged pain management goals. The company will complete a full analysis of the STRIDE study and plans to discuss these highly informative data and next steps with the Food and Drug Administration. Pacira plans to submit the full results from the Phase 3 STRIDE study for presentation at future scientific conferences and for publication in a peer-reviewed journal.
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ALHC | Hot Stocks08:12 EDT Alignment Healthcare's Care Anywhere program serves over 4,000 members - Since launching its Care Anywhere program in 2017, Alignment Healthcare has served more than 4,000 high-risk members suffering from multiple chronic health conditions with unparalleled excellence in virtual care and member satisfaction. With a Net Promoter Score of 76 among its Care Anywhere members, satisfaction nearly doubled that of the industry, which averages a score of 30-40 according to Customer Guru, a commercial provider of member satisfaction tracking services. On average, a Care Anywhere patient is 77 years old, has five to six chronic conditions - from heart failure to diabetes - and monthly institutional health care expenditures in excess of $2,500 prior to their first Care Anywhere visit.
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F | Hot Stocks08:12 EDT Ford expects to spend over $30B on electrification by 2025 - Ford is expected to announce, in a virtual meeting with financial analysts and other stakeholders, the creation of Ford Pro, a fully dedicated commercial vehicle services and distribution business. During the event, Farley will relate how Ford is breaking away from the transactional, build-and-sell business model. The company said, "At the core of those capabilities is Blue Oval Intelligence, Ford's next-generation, cloud-based platform for integrating electrical, power distribution, computing and software systems in connected Ford and Lincoln vehicles. Presentations will detail where, why and how the company is headed with fully electric vehicles, commercial solutions and connected services - and how customers will benefit." CFO John Lawler said Ford is allocating capital to those priority areas to produce value for customers and shareholders. The company expects to deliver an 8% adjusted EBIT margin in 2023. Ford is accelerating investments and increasing planned total spending on electrification, including battery development, to more than $30B by 2025, while deriving efficiencies from Ford's flexible EV architecture and modular technologies. The company anticipates 40% of Ford's global vehicle volume to be fully electric by 2030, including from: Mustang Mach-E, 70% of buyers, to date. The F-150 Lightning has amassed 70,000 customer reservations since it was unveiled one week ago, and E-Transit commercial vans, which will be on the road later this year. Ford is investing in battery technology and equipping Ford to design, engineer and manufacture its own batteries, with key developments including: creating Ford Ion Park, a center comprising more than 150 experts in battery chemistries, testing, manufacturing and value-chain management, vertically integrating battery technology with an extensive range of EV batteries and long-range, low-cost solid-state batteries from Solid Power, in which the company holds an equity stake, and forming a joint venture, BlueOvalSK, with SK Innovation to manufacture battery cells and arrays at two plants in the U.S. for future Ford and Lincoln vehicles.
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WSTG | Hot Stocks08:10 EDT Wayside Technology's Climb Channel to distribute Io-Tahoe AI data software - Climb Channel Solutions, a wholly-owned subsidiary of Wayside Technology Group, has entered into a distribution agreement with Io-Tahoe to distribute their Data RPA Platform in North America. Io-Tahoe's Data RPA Platform is a no-code AI/ML solution that executes repetitive data processes in an audited, controlled manner. "Data RPA works seamlessly with core systems and existing applications, automating data management, communication and response triggering. Data RPA allows professionals to identify, classify, and remediate data across the entire estate to produce a single version of the truth with the ease of automation," the company said.
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ITP | Hot Stocks08:09 EDT IT Tech Packaging's surgical masks approved by local FDA in China - IT Tech Packaging has officially obtained approval for surgical mask products from local FDA in China Hebei province. IT Tech Packaging has also shown the result in public for the required period of time and is now eligible to produce single-use surgical and surgical masks. The company has completed all preparation and testing works at the mask production line, which is expected to be operated non-stop with an annual estimated production capacity of 45 million pieces of masks.
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PBLA | Hot Stocks08:09 EDT Panbela Therapeutics founder Michael Cullen retires, retains chairman role - Panbela Therapeutics announced that Company founder, Michael Cullen, MD, MBA, retired as an employee of the Company, effective May 25, 2021. Cullen will continue to serve as a member of the Board of Directors and as its Chair. Most recently, Dr. Cullen was Executive Chairman of Panbela's Board of Directors.
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ROG | Hot Stocks08:09 EDT Rogers announces settlement of patent infringement lawsuits against KCC - Rogers announced that it has settled its patent infringement litigation initiated against KCC Corporation. Rogers filed patent infringement proceedings in Germany against KCC and its German subsidiary alleging infringement of certain Rogers' patents relating to direct bonded copper substrate materials. The settlement resolves these proceedings, together with related patent actions. Financial and other settlement terms were not disclosed, and neither party acknowledges infringement or non-infringement, or validity or invalidity, of the subject patents.
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IMMP | Hot Stocks08:08 EDT Immutep granted Chinese patent for eftilagimod alpha - Immutep announced the grant of a new patent entitled "Combined Preparations for the Treatment of Cancer" by the Chinese Patent Office. This Chinese patent follows the grant of the corresponding European, Australian, Japanese and United States patents, as announced separately throughout 2019 and 2020. The new patent protects Immutep's intellectual property relating to combination therapy comprising lead active immunotherapy candidate eftilagimod alpha, which is a LAG-3 fusion protein, and a chemotherapy agent. The chemotherapy agent is oxaliplatin, carboplatin, or topotecan, and the patent provides protection in the territory of mainland China. The new patent is owned by Immutep S.A.S. and exclusively licensed to Immutep's partner in China, EOC Pharma. The patent expiry date is 19 December 2034.
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APDN | Hot Stocks08:07 EDT Applied DNA finishes validation of Covid mutation detection panel - Applied DNA Sciences announced that it has competed technical validation of all seven Research Use Only mutation detection assays contained in its Linea COVID-19 Selective Genomic Surveillance Mutation Panel across 125 COVID-19 positive clinical samples known to include COVID-19 variants. The results showed 100% concordance when compared to the results of Whole Genome Sequencing of the same samples (see table below for a listing of all mutation detection assays and currently associated Variants of Concern or Variants of Interest (VoI)). The SGS Panel can be run in hours and can utilize the same extracted viral RNA that was used to obtain the original COVID-19 diagnosis. The SGS Panel will be available on a RUO basis and cannot be used for diagnostic purposes. Based on its successful technical validation, the Company plans to seek EUA-authorization for its SGS Panel. The SGS Panel contains assays targeting seven different mutations, including the L452R and E484K mutations that have been designated by the Centers for Disease Control and Prevention as 'Substitutions of Therapeutic Concern' due to potential impacts on the efficacy of certain EUA-authorized antibody treatments1. One or both mutations are found in all current CDC-designated VoCs and VoIs, except the B.1.17 VoC. The inclusion of the L452R and E484K assays, together with the Company's WGS concordance data, validates the SGS Panel's ability to characterize all current CDC-designated VoCs and VoIs, excluding the B.1.1.7 VoC that can be detected via S-gene dropout by the Company's Linea COVID-19 Assay Kit.
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NCLH | Hot Stocks08:07 EDT Norwegian Cruise announces plans for eight additional ships to relaunch in Fall - Norwegian Cruise Line Holdings announced the next phase of its planned resumption of cruising across its three cruise lines. Norwegian Cruise Line announced plans for eight additional ships to relaunch beginning Fall 2021. Oceania Cruises will resume cruise operations with three additional ships, Riviera, Insignia, and Sirena, between October 2021 and January 2022. Regent Seven Seas Cruises will see all five ships back exploring the oceans by February 2022. Voyages expected to operate in the U.S. are contingent on obtaining a Conditional Sailing Certificate from the U.S. Centers for Disease Control and Prevention. All initial voyages will operate with fully vaccinated guests and crew in addition to the Company's robust, multi-layered SailSAFE health and safety program. Norwegian Cruise Line has announced further details on its phased voyage resumption plan for additional ships beginning Fall 2021. Earlier this week the line announced its plan for a return to cruising in the U.S. with sailings in Alaska starting August 7, 2021 contingent on CDC authorization. Newly announced expected redeployment plans include the following: Norwegian Joy will cruise from Miami beginning October 19, 2021 with five to 11-day Caribbean voyages. Norwegian Breakaway will cruise seven-day itineraries to Bermuda from New York beginning October 24, 2021. Pride of America will offer seven-day Hawaii interisland voyages from Honolulu beginning November 6, 2021. Norwegian Bliss will cruise from Los Angeles for seven-day Mexican Riviera voyages beginning November 7, 2021. Norwegian Encore will offer seven-night itineraries from Miami to the Caribbean beginning November 14, 2021. Norwegian Escape will cruise seven-day itineraries to the Caribbean from Orlando, Florida beginning November 20, 2021. Norwegian Pearl will sail from Miami offering Panama Canal, Bahamas and Caribbean cruises beginning December 23, 2021. Norwegian Jewel will offer Panama Canal cruises from Panama City and New York beginning January 20, 2022. Norwegian Sun will sail a five-day Japan itinerary from Hong Kong beginning January 28, 2022, before sailing a variety of 11-day cruises from Hong Kong, Singapore and Bangkok. Norwegian Spirit will cruise 12-day Australia and New Zealand voyages from Sydney, and Auckland, New Zealand beginning February 9, 2022. Due to the previously disclosed lead time needed to relaunch a vessel and in order to maximize the short Alaska cruise season, the cruise line has made the decision to transfer crew from Norwegian Joy to Alaska and has canceled itineraries aboard Norwegian Joy from Montego Bay, Jamaica from August 7 through October 9, 2021. In addition, certain sailings outside of these newly announced voyages have been canceled. Impacted guests on voyages that will not operate will be notified accordingly.
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MNPR | Hot Stocks08:05 EDT Monopar Therapeutics, Northstar announce filing of patent for MNPR-101 - Monopar Therapeutics and NorthStar Medical Radioisotopes announced the filing of a provisional composition of matter patent titled "Urokinase Plasminogen Activator Receptor-Targeted Radiopharmaceutical" covering a radiotherapeutic consisting of Monopar's proprietary antibody MNPR-101 bound to Actinium-225 via the metal binding agent PCTA. This Radio-Immuno-Therapeutic, or RIT, demonstrated a 98% radiochemical purity and has the potential to be a highly selective, potent treatment for a variety of cancers, severe COVID-19, and other diseases characterized by aberrant urokinase plasminogen activator receptor expression. RITs are an emerging class of drugs formed by attaching a radioactive element to an antibody for the purpose of targeting and killing specific cells. Actinium is quickly becoming a premier radioisotope of choice for RITs; however, its full potential is presently constrained by its price and scarcity.
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LPCN | Hot Stocks08:05 EDT Lipocine patent claims found invalid by Court in Clarus Therapeutics litigation - Lipocine announced that the District Court for the District of Delaware has granted Clarus Therapeutics' motion for Summary Judgment, finding the asserted claims of Lipocine's U.S. patents 9,034,858; 9,205,057; 9,480,690; and 9,757,390 invalid for failure to satisfy the written description requirement of 35 U.S.C. Section 112. Clarus still has remaining claims before the Court. "We are extremely disappointed in the court's decision and believe the ruling is contrary to the established law of Section 112. We continue to believe in the strength and validity of our intellectual property," said Lipocine CEO Dr. Mahesh Patel. "We are in the process of evaluating the court's decision and determining next steps."
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PTCT | Hot Stocks08:05 EDT PTC Therapeutics: FDA, EC grant Orphan Drug Designation for PTC923 - PTC Therapeutics announced that both the United States FDA and European Commission have granted Orphan Drug Designation for PTC923 for the treatment of patients with hyperphenylalaninemia. Phenylketonuria accounts for 98% of all hyperphenylalaninemia cases and is a metabolic condition that can lead to cognitive disabilities and seizures. PTC923 is an oral formulation of synthetic sepiapterin, a precursor to intracellular tetrahydrobiopterin, which is a critical enzymatic cofactor involved in the metabolism and synthesis of numerous metabolic products. PTC expects to initiate a placebo-controlled Phase 3 global registrational trial, APHENITY, for patients with PKU in mid-2021.
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F | Hot Stocks08:04 EDT Ford establishing 'Ford Pro' vehicle services and distribution business
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VTGN | Hot Stocks08:03 EDT VistaGen Therapeutics initiates PALISADE phase 3 trial of PH94B - VistaGen Therapeutics announced the initiation of its PALISADE Phase 3 clinical program with the PALISADE-1 Phase 3 trial, a randomized, double-blind, placebo-controlled study to evaluate the efficacy and safety of PH94B for the acute treatment of anxiety in adults with Social Anxiety Disorder, or SAD. PH94B is an odorless, rapid-onset, investigational pherine nasal spray with a unique mechanism of action, working differently than all existing therapies for SAD. There is currently no Food and Drug Administration approved acute treatment of anxiety for adults with SAD. PALISADE-1 is being conducted across approximately 18 sites in the U.S., with a target of approximately 200 randomized subjects. Topline results from PALISADE-1 are anticipated in mid-2022. The PALISADE-1 Phase 3 trial design is substantially based upon the design of the laboratory-simulated public speaking challenge in the Phase 2 multi-center, randomized, double-blind, placebo-controlled trial of PH94B for the acute treatment of anxiety in adults with SAD. In that Phase 2 study, PH94B rapidly reduced anxiety in response to both the public speaking challenge and a social interaction challenge.
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MDRX | Hot Stocks08:03 EDT Allscripts announces $350M share repurchase program - Allscripts announced that its board of directors has approved a new share repurchase program under which Allscripts may purchase up to $350M of its common stock. The new share repurchase program does not have a termination date. The new share repurchase program replaces the previously existing share repurchase program, which authorized Allscripts to repurchase $300M of its common stock through December 31. Allscripts repurchased the entire amount available under the prior program.
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F | Hot Stocks08:03 EDT Ford expects 40% of global vehicle volume to be all-electric by 2030
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BBBY DASH | Hot Stocks08:02 EDT Bed Bath & Beyond partners with DoorDash on same day delivery service in U.S. - Bed Bath & Beyond (BBBY) announced that it has strengthened its Same Day Delivery services in the U.S. through a partnership with DoorDash (DASH), making it easier and more convenient than ever to shop online for products from Bed Bath & Beyond and buybuy BABY. Same Day Delivery service will be powered through DoorDash Drive - DoorDash's white-label fulfillment platform that powers direct delivery for any business. The DoorDash launch arrives right on time to shop essentials, must-haves, and amazing deals ahead of the Memorial Day holiday. Through DoorDash Drive, Bed Bath & Beyond and buybuy BABY websites will expand same day delivery to over 3,000 additional zip codes across the country. With the added coverage same day delivery is now available in 99% of their store locations and allows customers the convenience to shop an array of different delivery options. Customers can utilize the service by going to bedbathandbeyond.com and buybuybaby.com and selecting the option for Same Day Delivery at checkout. Once the order is placed, a Dasher will pick up the items at the local store and deliver them to the customer's home via contactless delivery. Customers are also now able to place an order just hours before closing and still receive it the same day and track packages live.
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F | Hot Stocks08:02 EDT Ford raises view of planned electrification spending to over $30B by 2025
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BGCP | Hot Stocks08:01 EDT BGC Partners selling Insurance Brokerage business for $500M to Ardonagh Group - BGC Partners has entered into an agreement to sell its Insurance Brokerage business for $500M of cash consideration to The Ardonagh Group. The companies expect to use the proceeds to accelerate Fenics growth and to repurchase shares and/or units. The Insurance Brokerage business provided $191M, or less than 10%, of BGC's total revenue over the trailing twelve-months. The sale proceeds will provide additional capital to accelerate Fenics growth, which increased 40% year-over-year in Q1. The transaction is expected to close in 2H21. The one-time gain associated with the transaction will be reflected in BGC's consolidated results under GAAP but will be excluded from results for Adjusted Earnings. BGC intends to use the proceeds from the sale to invest in its Fenics business, to repurchase BGC shares and/or units, and for general corporate purposes.
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PROG | Hot Stocks07:52 EDT Progenity provides results from its Targeted Therapeutics program - Progenity announced results from a further study for the company's Targeted Therapeutics program. The study evaluated delivery of Progenity's PGN-001 drug substance directly to the colon in a preclinical model of colitis. Progenity's Targeted Therapeutics program consists of drug-device combination products under development that have the potential to deliver high concentrations of proprietary drug formulations via a novel, orally ingestible capsule to the precise site of disease along the gastrointestinal tract. The Drug Delivery System capsule is designed to maximize the available dose at the site of disease to potentially improve efficacy and reduce systemic toxicity. Progenity's lead Targeted Therapeutics product candidates, PGN-001 and PGN-600, are being developed with an initial priority for ulcerative colitis. The company completed a preclinical study evaluating the tolerability, pharmacokinetics and pharmacodynamics of adalimumab liquid formulation delivered directly to the colon through local administration to the cecum in a swine model of induced colitis. PGN-001 drug substance was delivered in either single administration or daily repeat administration for three days by a surgically implanted intracecal catheter as a surrogate for direct delivery to the colon by the DDS. The study included healthy and induced colitis vehicle control groups. The study found that adalimumab was detected in tissue along the length of the colon after IC administration. There was also a significant reduction in TNF-alpha, the proinflammatory cytokine target of adalimumab, at each of 24 and 48 hours following repeat IC doses when compared with the induced colitis control group that did not receive treatment. No treatment-related adverse events were observed and no measurable adalimumab was detected in the blood, in each case, for animals administered adalimumab by IC catheter. This study builds upon data Progenity previously presented at Digestive Disease Week 2019 from a mouse model of colitis that used a species-appropriate TNF-alpha monoclonal antibody delivered by IC catheter. The company is currently performing a clinical study to obtain further supporting data for the local delivery of adalimumab, using administration by enema as a surrogate for delivery with the DDS. Preliminary results are expected this year and should further guide dosing as Progenity advances towards clinical evaluation of adalimumab delivered by the DDS in ulcerative colitis patients.
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NFYEF | Hot Stocks07:51 EDT NFI Group receives order for 100 additional transit buses - NFI Group announced that the Washington Metropolitan Area Transit Authority has exercised options for 100 additional forty-foot Xcelsior heavy-duty transit buses from NFI's U.S. subsidiary New Flyer of America. The options are being exercised from New Flyer's backlog in the third year of a five year contract originally awarded in 2018.
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ABEO | Hot Stocks07:49 EDT Abeona Therapeutic focused on completing enrollment in EB-101 VITAL study - Abeona Therapeutics issued the following letter to stockholders in conjunction with the 2021 Abeona Therapeutics Annual Meeting of Stockholders, May 26, 2021. The letter read, in part, "We at Abeona remain committed to bringing urgently needed treatments to patients with recessive dystrophic epidermolysis bullosa, and Sanfilippo syndrome types A and B. I am incredibly proud of the tremendous progress Abeona achieved in 2020 and to start 2021, which is a testament to the talent, unwavering commitment, and ability to execute of our employees, who have worked tirelessly to achieve important milestones even in the face of the COVID-19 pandemic. I want to especially thank the patients, caregivers, investigators, and patient advocacy partners who have continued in their steadfast dedication to our clinical trials despite the challenges of the pandemic. Importantly, we have recently strengthened our leadership team and board of directors by adding relevant experience to support our focus on driving future growth, enhancing corporate governance, and creating shareholder value. In addition to my appointment as chief executive officer and board member, we appointed four new independent members to our board of directors, and yesterday we announced the key hire of Senior Vice President, Head of Research & Clinical Development. Our strengthened board and management team represent a group of highly qualified and diverse executives who bring fresh perspectives, relevant operational expertise with life sciences companies and leadership experience to Abeona...Looking ahead to the balance of 2021, we are focused on completing enrollment in the EB-101 Phase 3 pivotal VIITAL study, gaining clarity on a regulatory path for ABO-102 in MPS IIIA, producing the first lot of Abeona-produced clinical grade product for ABO-102, and reporting additional neurocognitive data from the Transpher A study and additional clinical updates from the Transpher B study. As part of our strategy to expand our clinical pipeline, we are conducting preclinical research assessing AAV capsids in six undisclosed eye disorders, and we are advancing toward IND-enabling studies in 2022. In conclusion, I would like to thank our stockholders for supporting our efforts and sharing in our lofty goals. Our accomplishments over the past year and into our fast start of 2021 fill us with great optimism for Abeona's future, and give us positive momentum as we focus on execution, achieving key milestones, and continuing to propel our clinical and early-stage programs forward to patients."
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KMPH | Hot Stocks07:48 EDT KemPharm announces Orange Book listing for six patents for serdexmethylphenidate - KemPharm announced that six U.S. patents governing serdexmethylphenidate, KemPharm's prodrug of d-methylphenidate, and AZSTARYS, are now listed in the Food and Drug Administration publication, "Approved Drug Products with Therapeutic Equivalence Evaluations," commonly known as the "Orange Book." In addition, the Orange Book listing confirms the status of SDX, which is the primary API in AZSTARYS, as a new chemical entity, which provides at least five years of market exclusivity. AZSTARYS was conditionally approved by the FDA in March 2021 as a once-daily product for the treatment of attention deficit hyperactivity disorder in patients age six years and older. Recently, SDX was classified as a Schedule IV controlled substance by the Drug Enforcement Administration and thereby formally approved for marketing in the U.S. SDX is the primary API in KP484, an investigational ADHD treatment, and the only API in KP879, an investigational treatment for stimulant use disorder. Among the listed patents, U.S. Patent No. 9,079,928, due to expire on July 27, 2032, is a composition of matter patent. The other five patents are all slated to expire on December 9, 2037 and include U.S. Patent No. 10,584,112 and U.S. Patent No. 10,584,113, U.S. Patent No. 10,759,778, U.S. Patent No. 10,858,341 and U.S. Patent No. 10,954,213. All or some of these patents may be subject to patent term extension. The Orange Book listing confirms that SDX, which is contained within AZSTARYS, is an NCE, which provides five years of market exclusivity that expires on May 7, 2026.
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MNMD | Hot Stocks07:48 EDT MindMed and Swiss lab Liechti Lab publish first pharmacogenetic data on LSD - MindMed announced the publication of the first pharmacogenetic data on LSD to help personalize dosing. The study results from a pooled secondary analysis of four Phase 1 studies conducted at the University Hospital Basel Liechti Lab, in Basel, Switzerland. The results of this study indicate that pharmacogenetic testing prior to LSD-assisted treatment may inform LSD dose selection at the individual patient level. Genetically determined CYP2D6 functionality significantly influenced the pharmacokinetics of LSD. Individuals with no functional CYP2D6, known as poor metabolizers, had longer LSD half-lives and approximately 75% higher parent drug and main metabolite area under the curve blood plasma concentrations compared with carriers of functional CYP2D6. Additionally, non-functional CYP2D6 metabolizers exhibited increased acute psychological effects and longer subjective effect durations compared with functional CYP2D6 metabolizers. No effect on the pharmacokinetics or acute effects of LSD were observed with other CYP variations. These results indicate that specific genetic polymorphisms of CYP2D6 significantly influence the pharmacokinetic and subjective effects of LSD.
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CFRX | Hot Stocks07:45 EDT ContraFect announces multiple publications on exebacase - ContraFect announced the publication on the administration of exebacase, arthroscopically, in the setting of debridement, or the surgical removal of the infected tissue, in patients with relapsing multidrug resistant Staph epidermidis PKI in Frontiers in Medicine. The company also announced two additional publications of a novel method for the clinical determination of the susceptibility of Staphylococci to exebacase for use in the clinical setting. In this manuscript, four patients ages 79 to 89 years with significant comorbidities received intra-articular administration of exebacase. All had undergone several previous prosthetic knee revisions. Three had relapsing PKI despite suppressive antibiotics, following open debridement and implant retention. Two had clinical signs of septic arthritis; the two others had sinus tracts. All patients were infected only by S. epidermidis that expressed different drug susceptibilities over time. After over one year of follow-up, two patients had a favorable clinical outcome with the disappearance of clinical signs of septic arthritis, providing encouraging preliminary evidence supporting the potential activity of exebacase in this highly treatment resistant patient group. The safety profile was favorable and there were no serious adverse events deemed to be associated with treatment. The Company continues to provide early access to exebacase to individual named patients with chronic post-operative PJIs under ATUs and is evaluating further investigation of exebacase for the treatment of PJIs. ContraFect published two additional exebacase manuscripts. In the Antimicrobial Agents and Chemotherapy where the publication was selected by the journal as an 'Editor's Pick', laboratory data demonstrate the accurate and reproducible assessment of microbial susceptibility to exebacase. The Journal of Clinical Microbiology published laboratory data to establish new standards of susceptibility testing to evaluate the in vitro activity of exebacase against Staph aureus.
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OSIIF | Hot Stocks07:45 EDT Osino Resources files NI 43-101 technical report for Twin Hills project - Osino Resources announced that it has filed the technical report prepared in accordance with National Instrument 43-101 entitled, "Twin Hills Gold Project, Namibia, NI 43-101 Technical Report dated effective April 1, 2021" further to its news release dated April 12, 2021 in which it announced the maiden mineral resource for its Twin Hills Gold Project in the Erongo Region of Namibia. The maiden resource was released on April 12th, 2021 including 0.43Moz @ 1.00 g/t Au in the Indicated category and 1.47Moz at 1.08 g/t Au in the Inferred category at a cut-off grade of 0.5 g/t Au.
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JUSHF BUD | Hot Stocks07:44 EDT Jushi Holdings appoints Marina Hahn to board of directors - Jushi Holdings (JUSHF) announced that Marina Hahn has been appointed to its Board of Directors effective immediately. Hahn has spent the last several years as VP, Co-Founder of New Business at ZX Ventures, the growth arm of Anheuser-Busch (BUD).
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VIEW | Hot Stocks07:43 EDT Dust Organization installs View smart windows in New York City office building - The Durst Organization announced it has installed smart windows from View at 825 Third Avenue, its newly-renovated, 530,000-square-foot, 40-story office tower in New York City. 825 Third Avenue will be the first office building in New York City to use smart windows that also incorporate View Immersive Experience, a solution that transforms smart windows into transparent, digital screens. The Durst Organization is targeting LEED Gold certification for 825 Third Avenue and View Smart Windows can capture points in up to seven LEED categories.
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MS | Hot Stocks07:42 EDT CMX announces $50M Series A investment led by Morgan Stanley Expansion Capital - CMX announced it has completed an investment led by Morgan Stanley Expansion Capital. The financing will be used to accelerate the company's growth by enabling CMX to expand its team and product offerings and execute its vertical market expansion strategy. Using automation, data, visibility, and insights, the CMX1 platform enables food, retail, hospitality, and service organizations to digitally transform quality, risk, safety, and compliance-focused programs. The platform empowers organizations to protect brand reputation, maintain customer trust, and drive operational performance across their locations.
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CIXX | Hot Stocks07:41 EDT CI Financial reports April AUM of $141B - CI Financial reported preliminary assets under management as at April 30 of $141B and wealth management assets of $146.5B, for total assets of $287.5B. These represent CI's highest-ever month-end levels for wealth management assets and total assets.
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TWLO | Hot Stocks07:41 EDT Terazo secures funding from Twilio, Tercera - Terazo, a software development and managed services firm, announced it has closed a funding round of $10M+. The round was led by Tercera, a growth-focused investment and advisory firm specializing in cloud professional services, with participation from Twilio. Terazo is a member of Twilio's partner program.
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FSV | Hot Stocks07:40 EDT FirstService's FIrst Onsite acquires Maxons Restorations - FirstService announced today that its subsidiary, First Onsite Property Restoration, has recently acquired Maxons Restorations. Damon Gersh, CEO of Maxons, and other senior executives have retained a minority interest and will continue to run day-to-day operations. Terms of the transaction were not disclosed. "Maxons establishes an important foothold for us in the largest U.S. metropolitan market, with an opportunity to broaden our client service offerings within the Tri-State region of New York, New Jersey and Connecticut," said Stacy Mazur, First Onsite CEO, U.S. "This transaction is another key step in our strategy to expand our geographic footprint to better serve our national commercial accounts. We are delighted to welcome Damon and his experienced team to our organization as we collectively work to enhance our service capabilities and grow our business in the Northeast U.S."
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DKS | Hot Stocks07:39 EDT Dick's Sporting sees FY21 gross CapEx $370M-$395M, net CapEx $300M-$325M
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AMAL | Hot Stocks07:39 EDT Amalgamated Bank appoints Jason Darby as Chief Financial Officer - Amalgamated Financial announced that it has appointed Jason Darby as Chief Financial Officer and Senior Executive Vice President, effective immediately. Darby has served as interim Chief Financial Officer since April. Earlier this month, in a separate announcement, Amalgamated named Priscilla Sims Brown as its President and Chief Executive Officer, effective June 1.
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DKS | Hot Stocks07:37 EDT Dick's Sporting jumps 6% to $89.48 after Q1 results beat, FY21 guidance raised
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DKS | Hot Stocks07:36 EDT Dick's Sporting expects to open six new DICK'S Sporting Goods stores in 2021 - The company expects to open six new DICK'S Sporting Goods stores and eight specialty concept stores in 2021, including the conversion of two former Field & Stream stores into Public Lands stores. The company also expects to relocate 11 DICK'S Sporting Goods stores in 2021.
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NCNO | Hot Stocks07:36 EDT Sunrise Credit Union adopts nCino platform to improve member experience - nCino announced that Manitoba's Sunrise Credit Union is live on the nCino Bank Operating System. "Sunrise will now be able to offer a user-friendly, digital on-line and in-branch Deposit Account Opening experience members today expect through the nCino platform. The nCino platform will be able to significantly reduce the time required to open new memberships and new accounts, allowing Sunrise employees the ability to spend an increased amount of personal time with their members to understand their financial needs and provide a first-class customer experience," the company said. In addition to utilizing nCino's Deposit Account Opening solution, Sunrise has also purchased nCino's Commercial Banking, Retail Banking and Residential Mortgage solutions which it plans to roll-out in phases to help further automate tasks.
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DKS | Hot Stocks07:36 EDT Dick's Sporting to repurchase minimum of $200M of shares in 2021 - The company plans to repurchase a minimum of $200M of its common shares in 2021.
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CNI KSU | Hot Stocks07:34 EDT Canadian National, Kansas City Southern jointly file for voting trust approval - Canadian National (CNI) and Kansas City Southern (KSU) announced that they have taken the next step on their path to combine. CN and KCS jointly filed with the Surface Transportation Board, or STB, a renewed motion for approval of its voting trust that outlines the case for approval of the voting trust to advance the CN-KCS merger. As part of the application, CN is committing to divesting KCS' 70-mile line between New Orleans and Baton Rouge, which is less than 0.7% of the approximately 27,000 route-miles the two companies operate. This commitment eliminates the sole area of overlap between the CN and KCS networks, thereby making the combination an end-to-end transaction. Under CN's proposed voting trust, KCS would maintain complete independence. KCS will continue to be managed by its existing management and board of directors, with a trustee who is a former chief executive of KCS. KCS will remain intact and preserve its ability to pursue its independent business objectives. CN will have no influence over the day-to-day management or operation of KCS.
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CNI KSU | Hot Stocks07:34 EDT CN, Kansas City Southern jointly file for voting trust approval - CN (CNI) and Kansas City Southern (KSU) announced that they have taken the next step on their path to combine to create the premier railway for the 21st century. CN and KCS jointly filed with the Surface Transportation Board a renewed motion for approval of its voting trust that outlines the case for approval of the voting trust to advance the CN-KCS merger that will enhance competition, spur economic growth and realize the benefits of a fully end-to-end transportation network across the continent. The filing highlights that the voting trust protects against premature control of KCS and protects KCS' financial health, that CN remains financially sound, the substantial benefits to be gained from the transaction by customers and the nearly 1,100 stakeholders who have already supported the transaction. As part of the application, CN is committing to divesting KCS' 70-mile line between New Orleans and Baton Rouge, which is less than 0.7 percent of the approximately 27,000 route-miles the two companies operate. This commitment eliminates the sole area of overlap between the CN and KCS networks, thereby making the combination an end-to-end transaction. This commitment, plus CN's multiple other pro-competitive commitments, including keeping existing gateways open on commercially reasonable terms, addresses any competitive concerns.
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XAIR | Hot Stocks07:33 EDT Beyond Air reaches settlement agreement with Circassia for LungFit PH - Beyond Air announced an agreement with former LungFit PH commercial licensee, Circassia Group. Under the terms of the agreement, Beyond Air retains United States and China commercialization rights to LungFit PH in exchange for returning upfront and milestone payments received by the company in 2019, along with capped future royalty payments. Beyond Air now holds full global rights to LungFit PH. Beyond Air will repay Circassia the $10.5M received in 2019 over a two-year period commencing after the LungFit PH receives United States Food and Drug Administration approval. Payments will be made as follows: $2.5M upon FDA approval, $3.5M one year after FDA approval, and $4.5M two years after FDA approval. Additionally, beginning in year three post-approval, Circassia will receive a quarterly royalty payment equal to 5% of LungFit PH net sales in the US. This royalty will terminate once the aggregate payment reaches $6 million. As of April 30, 2021 Beyond Air had approximately $34.9M in cash, cash equivalents and marketable securities. Expected quarterly spend remains at approximately $5M, exclusive of settlement related payments.
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DKS | Hot Stocks07:31 EDT Dick's Sporting reports Q1 SSS up 115% - Net sales for the first quarter were $2.92B, an increase of 119% compared to the first quarter of 2020, or a 52% increase compared to the first quarter of 2019. The increase compared to last year's quarter was driven by a 115% increase in consolidated same store sales, which included an increase in eCommerce sales of 14%. eCommerce sales increased 110% in last year's first quarter and eCommerce penetration has grown from 13% of total net sales in the first quarter of 2019 to 20% for the first quarter of 2021. First quarter 2020 consolidated same store sales decreased 29.5%, driven by temporary store closures that started on March 18th, 2020 to help prevent the spread of COVID-19. First quarter 2019 consolidated same store sales were flat.
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ADCT | Hot Stocks07:30 EDT ADC Therapeutics announces results from camidanlumab tesirine study published - ADC Therapeutics announced that results of the Phase 1 clinical trial of camidanlumab tesirine, or Cami, an anti-CD25 ADC, in patients with relapsed or refractory Hodgkin and non-Hodgkin lymphomas have been published online in The Lancet Haematology. The multicenter, open-label, single-arm, dose escalation and dose expansion Phase 1 clinical trial enrolled 133 adult patients, 77 with classical Hodgkin lymphoma and 56 with non-Hodgkin lymphoma. Enrolled patients were required to have pathologically confirmed relapsed or refractory Hodgkin lymphoma or non-Hodgkin lymphoma and no therapies with established clinical benefit for their disease stage available to them. In the total patient population, the overall response rate, or ORR, was 58%, with 38 of 130 patients reported to have a complete response. In heavily pretreated patients with Hodgkin lymphoma, across all doses, the ORR was 71%, with 32 of 77 patients reported to have a complete response. In Hodgkin lymphoma patients who received 45 microgram/kg, the ORR was 86%, with 18 of 37 patients reported to have a complete response. In Hodgkin lymphoma patients who received 30 microgram/kg, the ORR was 55%, with seven of 20 patients reported to have a complete response. In patients with non-Hodgkin lymphoma, the ORR was 38%, with five of 53 patients reported to have a complete response. The overall median duration of response was 6.6 months for all patients with Hodgkin lymphoma and 7.2 months for Hodgkin lymphoma patients who received 45 microgram/kg. Cami demonstrated an acceptable safety profile. The most commonly observed adverse events included elevated liver enzymes, rash, fatigue, oedema or effusion, and nausea. Based on the data from this Phase 1 clinical trial, a Phase 2 trial to further evaluate the safety and efficacy of Cami in patients with relapsed or refractory Hodgkin lymphoma is ongoing. Interim data from the pivotal Phase 2 trial presented at the 2020 American Society of Hematology meeting demonstrated encouraging antitumor activity as a single agent with an ORR of 83%, a complete response rate of 38% and no new safety signals. These data highlight the potential for Cami to address an unmet need in heavily pretreated patients.
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GOL | Hot Stocks07:30 EDT Gol Linhas sees 2H21 revenue R$6B - Sees 2H21 load factor 80%. Sees 2H21 EBITDA R$2.0B. Sees 2H21 CapEx R$0.3B.
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GOL | Hot Stocks07:28 EDT Gol Linhas sees Q2 revenue R$1B - Sees Q2 EBITDA R$0.1B. Sees Q2 CapEx R$0.1B. The company has fully repaid the $250M short term loan it received in August 2020. Sees Q2 total ASK 4.2B. Raises Q2 load factor view to 81% vs. 79%. "The successful completion of the vaccination roll out expected in Brazil this year, combined with our already improved cost base and stronger balance sheet, gives us confidence in our performance for the second half of 2021. We will also benefit from a reduced fleet cost for the next decade as we take more deliveries of the 737 MAX aircraft that will compose a significant part of the GOL fleet," said CEO Paulo Kakinoff. "These strengths will enable GOL to capitalize on the many growth and expansion opportunities that are now available in our markets, enabling us to benefit from a strong rebound in demand for travel as we move into the Southern Hemisphere's Summer season. We are committed to delivering profitable growth in an environmentally sustainable manner with less fuel consumption and lower CO2 emissions per passenger while, at the same time, improving GOL's industry leading customer experience."
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DDAIF... | Hot Stocks07:23 EDT EU commercial vehicle registrations up 179.2% in April - In April, the EU commercial vehicle market recorded an accelerated increase in new registrations of 179.2%, totaling 171,283 units, reported the European Automobile Manufacturers Association. "Last year's very low sales base was the main reason behind this growth, as April 2020 was the first full month with coronavirus restrictions in place," the group said. Four months into 2021, demand for new commercial vehicles in the European Union expanded by 42.1%, the group added. Publicly traded truck makers and suppliers include Daimler AG (DDAIF), Paccar (PCAR), CNH Industrial (CNHI), Navistar (NAV), Cummins (CMI) and Allison Transmission (ALSN). Reference Link
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GILT | Hot Stocks07:16 EDT Gilat Satellite extends multi-million dollar IoT project in Latin America - Gilat Satellite Networks announced the extension of its multi-million dollar IoT project in Latin America. Tier-1 MNO extends coverage of Gilat's cellular backhaul solution as it expands its Agriculture IoT network. "The Agribusiness IoT market addresses a critical need to better provide communication between the field and the office. Gilat provides the 4G network expansion to support the growing business with connectivity of machines that require real-time control and monitoring of harvesters and agricultural tractors. This ensures cost-effective decisions, better crop management and greater speed, efficiency and productivity in the production flow," the company said.
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NOK | Hot Stocks07:14 EDT Nokia wins 5G deal with DITO in the Philippines - Nokia has today announced it has been selected by DITO Telecommunity Corporation, to deploy 5G services on the island of Mindanao in the Philippines. The deployment will enable DITO to complete its strategy of building a 5G network throughout the country, which formally launched in May 2021. "With this deal, Nokia is helping DITO to deliver 5G services to its customers with superior speeds, capacity, and lower latencies while reducing complexity and driving down costs through increased energy efficiencies. To achieve the desired network performance, Nokia is providing equipment from its comprehensive massive MIMO, multi-band, Single RAN AirScale portfolio to build the Radio Access Network for the 5G infrastructure across Mindanao, the Philippines' second largest island," the company said.
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AGTC RARE | Hot Stocks07:13 EDT Applied Genetic appoints Janet Rae as SVP, global regulatory and quality - Applied Genetic Technologies (AGTC) announced the appointment of Janet Rae, RAC, as SVP of Global Regulatory and Quality. The appointment of Ms. Rae, who will join AGTC on June 18, 2021, is an important step in the Company's strategy to prepare for anticipated late-stage development of its X-Linked Retinitis Pigmentosa and Achromatopsia programs. She will be instrumental in assuring regulatory compliance as the Company initiates its previously announced plans to lease a build-to-suit 21,000 square foot current Good Manufacturing Practices manufacturing and quality control facility adjacent to its Florida facility. Most recently, she served as Vice President, Head of Regulatory Affairs for Gene Therapy at Ultragenyx Pharmaceutical (RARE).
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XEBEF | Hot Stocks07:12 EDT Xebec Adsorption announces supply agreement for hydrogen fueling station - Xebec Adsorption announced that its wholly owned subsidiary HyGear, has signed an agreement to supply hydrogen to a fueling station in the Netherlands. The agreement includes the on-site generation and delivery of 130,000 kg of hydrogen from HyGear's nearby decentralized hydrogen production hub in Arnhem, Netherlands over a 1.5-year period. The supplied hydrogen is expected to support the fueling needs of approximately 33,000 fuel cell electric vehicle fills over the duration of the contract.
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RDHL | Hot Stocks07:12 EDT RedHill Biopharma granted patent applications for COVID-19 treatment candidates - RedHill Biopharma received two Notices of Allowance from the USPTO covering opaganib and RHB-107 as methods for the treatment of COVID-19 caused by the SARS-CoV-2 virus. Both opaganib and RHB-107 are novel COVID-19 therapeutic candidates, in oral pill form, with dual mechanism of action effects. Both are host-targeted and are therefore expected to be effective against emerging viral variants with various mutations in the spike protein. Enrollment in opaganib's global Phase 2/3 study in hospitalized patients with severe COVID-19 is almost 100% complete. RHB-107's Phase 2/3 study is ongoing in non-hospitalized patients with symptomatic COVID-19 who do not require supplemental oxygen. Together, this covers potential treatment for the vast majority of affected patients. In view of the upcoming completion of enrollment, RedHill is evaluating the regulatory path for opaganib with a focus on those countries currently most affected by COVID-19. Additional studies to support the potential of such applications and the use or marketing of opaganib are likely to be required.
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IMTX | Hot Stocks07:11 EDT Immatics announces changes to its board of directors - Immatics (IMTX) announced changes to its board of directors. Christof Hettich, L.L.D., Managing Partner and founding member of the dievini Hopp BioTech holding, has decided to step down from Immatics' board of directors. He has been a member of Immatics' board of directors since 2006. Former Immatics board member Friedrich von Bohlen und Halbach, PhD, Managing Partner and co-founder of dievini Hopp BioTech Holding has been nominated to be his successor. The election will take place at Immatics' Annual General Meeting on June 17. Friedrich von Bohlen und Halbach is chairman of the board of Apogenixand Novaliq, and board member of CureVac (CVAC), Heidelberg Pharma and Co-Chair of the Evaluation Board of the Wyss Translational Center Zurich.
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ARKO CORE | Hot Stocks07:11 EDT Arko Corp. enters extended wholesale agreement with Core-Mark - GPM Investments, a wholly owned subsidiary of ARKO Corp. (ARKO) and Core-Mark Holding Company (CORE), announced the signing of an extended 32-month master supply agreement with Core-Mark International, Inc. as part of a consolidation of the company's wholesalers and continued growth strategy. The agreement will increase the number of GPM store locations for which Core-Mark provides service from 865 to 1,055. Under the supply agreement, Core-Mark agreed to provide transition services to facilitate the transfer of services from certain of GPM's previous wholesalers. Core-Mark will also continue offering support services for GPM's imports and specialty products program. Core-Mark will continue to be GPM's largest single supplier, distributing products across 29 different categories to its portfolio of approximately 1,400 stores.
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FSR | Hot Stocks07:10 EDT Fisker to team with Mekonomen Group for delivery, servicing, fleet management - Fisker announced it has signed a Letter of Intent, LOI, with the Mekonomen Group to provide a range of after-sales services for the Danish, Norwegian and Swedish markets. Consistent with Fisker's asset-lite and digital-forward business model, the Mekonomen Group will provide outsourced solutions covering areas including vehicle delivery, service / maintenance, fleet management, mobile fleet servicing and refurbishment. "From November 17, 2022 we will start production and deliveries of the Fisker Ocean SUV, with Denmark, Norway and Sweden among the first European markets to launch," commented Fisker Chairman and Chief Executive Officer, Henrik Fisker. "Supporting a great product must be an equally great ownership experience. Partnering with the recognized leader in service and logistics across Scandinavia will be an important part of delivering excellence to our customers." "We are glad that Fisker has chosen us as a partner where we together intend to develop an innovative and simple logistics model and aftermarket business," says Petra Bendelin, director of business development and strategy at Mekonomen Group. "As a facilitator of mobility, our business is not limited by the type of vehicles that drive on the roads. The demand for mobility will remain, where we see great opportunities to take a strong position in the transition to newer and greener technology in the automotive aftermarket."
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AVXL | Hot Stocks07:08 EDT Anavex appoints Jiong Ma to board of directors - Anavex Life Sciences announced the appointment of Ms. Jiong Ma, PhD to its Board of Directors. As a Partner at Braemar Energy Ventures, Ms. Ma focused on investments in digitization of industry, resource efficiency, mobility, renewable energy infrastructure, and deeptech. Elliot Favus will retire as a Board member.
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SYN | Hot Stocks07:08 EDT Synthetic Biologics regains NYSE American compliance - Synthetic Biologics announced receipt, on May 25 of notification from the NYSE American that the company has regained compliance with all of the continued listing standards set forth in Part 10, Section 1003 of the NYSE American Company Guide relating to the Exchange's continued listing requirements. Effective at the start of trading on May 26, the ".BC" designation, signifying non-compliance with NYSE American listing standards, will be removed from the "SYN" trading symbol.
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CLXPF | Hot Stocks07:07 EDT Cybin files international patent application with over 153 global jurisdictions - Cybin announced that it has filed an international patent application that brings the potential to obtain patent coverage in 153 countries. The application, governed by the Patent Cooperation Treaty grants the Company the right to file future national applications into treaty member jurisdictions, including important potential markets for the Company. The PCT claims a library of psychedelic derivative drug development candidates. The Company continues to execute upon its three-pillar drug development strategy to create: (a) a novel drug discovery platform and research on the potential efficacy of psychedelic molecules to address unmet mental health needs; (b) efficient drug delivery to enhance dosing control; and (c) a potential novel treatment regimen. The PCT application is intended to provide broad international patent protection of key intellectual property in support of the Company's strategic objectives. "Technologies gained by Cybin resulting from our strategic acquisition of Adelia Therapeutics, coupled with subsequent research initiatives from our experienced scientific team, have produced Cybin's first PCT filing. As we progress our R&D and clinical programs, we expect to continue to create and develop innovative therapeutics with faster onset of action, smoother pharmacokinetic profiles, shorter treatment periods, and reduced side effects," stated Doug Drysdale, Chief Executive Officer of Cybin.
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ZYNE | Hot Stocks07:06 EDT Zynerba enters into Stipulation in Derivative Action - On April 28, 2021, Zynerba, in its capacity as a nominal defendant, entered into the Stipulation in the Derivative Action -- in which two derivative actions were consolidated -- filed derivatively on behalf of Zynerba, in the United States District Court for the District of Delaware against certain current and former directors and officers of the Company and against the Company as a nominal defendant. The Stipulation also satisfies a shareholder demand made by Company shareholder Rainer Machek pursuant to 8 Del. C. Section 220 to inspect certain books and records of Zynerba. The Stipulation and the settlement contemplated therein (the "Settlement"), subject to the approval of the Court, are intended by the Parties to fully, finally, and forever compromise, resolve, discharge, and settle the Released Claims and to result in the complete dismissal of the Derivative Action with prejudice and the complete satisfaction of the Demand, upon the terms and subject to the conditions set forth in the Stipulation. The proposed Settlement requires the Company to adopt certain corporate governance measures and procedures, as outlined in Exhibit A to the Stipulation, and provides that Defendants' Insurer shall pay a Fee and Expense Amount to Plaintiffs' Counsel in an amount to be determined at a later date subject to the mechanism described in the Stipulation at Section IV, Paragraphs 5.1-5.2, and Service Awards to each of three Plaintiffs of one thousand five hundred dollars to be paid from the Fee and Expense Amount, subject to Court approval. As set forth below, the parties have agreed upon the maximum amount of the Fee and Expense Amount, subject to Court approval.
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CCCC | Hot Stocks07:06 EDT C4 Therapeutics to advance CFT8919 to IND-enabling studies - C4 Therapeutics announced that it has decided to advance CFT8919, a novel degrader of epidermal growth factor receptor in non-small cell lung cancer, into investigational new drug, or IND,-enabling studies and anticipates filing an IND for this program by mid-2022, with the goal to initiate a Phase 1/2 clinical trial by year-end 2022. The preclinical data C4T will present at the upcoming Keystone Symposium establish CFT8919 as a potent and selective degrader of EGFR L858R that is based on an allosteric EGFR binding motif. As a single agent, CFT8919 is active in both in vitro and in vivo models of EGFR L858R-driven NSCLC without resistance-causing secondary mutations in EGFR, as well as in similar models that harbor secondary resistance mutations such as EGFR T790M and C797S. Additionally, CFT8919 demonstrates intracranial activity, indicating that it has the potential to treat brain metastases. Together, these data suggest CFT8919 may be active, as single agent, in patients with resistance to EGFR inhibitors due to secondary mutations in EGFR, including T790M and C797S, as well as in the front-line setting with the potential to avoid the emergence of resistance-causing secondary EGFR mutations seen with currently approved EGFR inhibitors. Progress to 2021 Key Milestones: Initiate patient dosing for CFT7455 in 1H 2021; Submit an IND application for CFT8634 in 2H 2021; Advance the BRAF program into IND-enabling studies in 2021; Continue lead optimization activities for the RET program through 2021.
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KKR | Hot Stocks07:05 EDT KKR invests $55m in eSSENTIAL Accessibility - KKR announced a $55M investment in eSSENTIAL Accessibility, or eA, a provider of Accessibility-as-a-Service. KKR is making its investment through its Next Generation Technology Growth Fund II, a global fund dedicated to growth equity investments in the technology space.
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COIN... | Hot Stocks07:04 EDT Riot Blockchain, Marathon Digital up over 3% as Bitcoin, cryptocurrencies rally - In early pre-market trading, shares of Riot Blockchain (RIOT) are up over 4% at $26.20 and Marathon Digital (MARA) are up 3.3% at $23.36 as the overnight price of Bitcoin hit its highest level since Friday above $40,800. Shares of Coinbase (COIN) are also up 1.7% at $246.59.
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ALT | Hot Stocks07:02 EDT Altimmune announces new results from preclinical study on AdCOVID vaccine - Altimmune announced new results from a preclinical study demonstrating the ability of its AdCOVID vaccine candidate to neutralize the rapidly emerging SARS-CoV-2 B.1.351 variant of concern that originated in South Africa. B.1.351 carries multiple mutations in the receptor binding domain including the E484K mutation that has been shown to substantially decrease the ability of authorized vaccines to neutralize the virus. In the current study, performed in collaboration with investigators at Saint Louis University, the neutralizing titer against the B.1.351 variant virus was only 4.4-fold lower than the neutralizing titer against an original or ancestral Wuhan-like isolate when measured seven weeks after a single intranasal dose of AdCOVID. Furthermore, in mice that received a booster dose of AdCOVID, the reduction in the neutralizing titer against the B.1.351 variant was only 1.8-fold lower at seven weeks post vaccination; statistically the same as the neutralization titer against the Wuhan isolate. The serum neutralizing antibody titers were determined using a live virus focus reduction neutralization titer assay with a 50% neutralization endpoint. AdCOVID also promoted a strong mucosal neutralizing response to the B.1.351 virus in the respiratory tract with bronchoalveolar lavages showing neutralization of the variant virus. These preclinical data suggest that vaccination with AdCOVID leads to a cross-neutralizing antibody response both systemically and locally within the respiratory tract that can effectively neutralize the B.1.351 virus.
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SU | Hot Stocks06:57 EDT Suncor updates corporate strategy for net-zero emissions by 2050 - Suncor will share its updated strategy focused on increasing shareholder returns and accelerating its progress in reducing GHG emissions with an objective to be net-zero by 2050. Suncor will focus its planned $5B annual capital spend through 2025 on optimizing its integrated value chain and sustaining the base business, while improving its cost and carbon competitiveness, and growing low-carbon businesses, which is expected to deliver an annual $2B of incremental free funds flow to the business by 2025. This planned free funds flow growth will be focused on returning value to shareholders through increased dividends, ongoing share buybacks and fortifying the balance sheet through continued debt reduction. In addition, the strategy includes a goal to be a net-zero GHG emissions company by 2050 and contribute to society's net-zero goals. By 2030, Suncor expects to reduce greenhouse gas emissions by 10 megatons per year across its energy value chain. The company's emissions were approximately 29 MT per year in 2019. Suncor plans to accomplish this by reducing emissions in its base business and at the same time growing its renewable fuels, electricity, and hydrogen businesses.
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CPRI | Hot Stocks06:54 EDT Capri Holdings reports net inventory at March 27 was $736M, down 11% y/y
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BDX | Hot Stocks06:53 EDT Becton Dickinson announces U.S. launch of Urine Culture Application - Becton Dickinson announced the U.S. launch of a Urine Culture Application for use with the BD Kiestra lab automation incubation and imaging system that can transform the way microbiology labs approach urine culture analysis.
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CPRI | Hot Stocks06:49 EDT Capri Holdings reports Q4 retail sales up 13% globally - In Q4: Retail sales increased 13% globally, with growth across all three luxury houses. E-Commerce sales improved sequentially, increasing approximately 80%. Adjusted gross margin expanded 280 basis points versus prior year, with margin expansion across all luxury houses. Adjusted operating margin expansion of 360 basis points to 11.9%.
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DCRN DCFC | Hot Stocks06:47 EDT Tritium to go public through Decarbonization Plus Acquisition Corp. II merger - Tritium, a Brisbane-based developer and manufacturer of direct current, or DC, fast chargers for electric vehicles, or EVs, and Decarbonization Plus Acquisition Corporation II (DCRN) announced a definitive agreement for a business combination that would result in Tritium becoming a publicly listed company. Upon closing of the transaction, the combined company will be named Tritium and is expected to be listed on the Nasdaq and trade under the new ticker symbol (DCFC). Tritium has provided more than 2.7M high-power charging sessions across 41 countries, delivering over 55 GWh of energy. The company's intellectual property includes the only fully liquid-cooled, IP65-rated charger, providing customers with technology that is ingress-protected and sealed from outside elements, thus reducing the total cost of ownership. The transaction is anticipated to generate gross proceeds of up to approximately $403M of cash, assuming minimal redemptions by DCRN's public stockholders. The funds will be used to fund operations and growth. The pre-money enterprise value of the combined company is $1.4B at the price of $10 per share, excluding cash to go to the balance sheet. Jane Hunter will continue as the CEO of Tritium, alongside co-founders James Kennedy and executives David Toomey and Michael Hipwood. The boards of directors of both Tritium and DCRN have approved the proposed transaction, subject to, among other things, the approval by DCRN's stockholders and satisfaction or waiver of the other conditions stated in the definitive documentation, including the waiver or expiration of a Tritium shareholder's right to acquire Tritium under the shareholder's deed in relation to Tritium.
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PDD | Hot Stocks06:40 EDT Pinduoduo reports Q1 average monthly active users 724.6M, up 49% y/y - Active buyers in the twelve-month period ended March 31, 2021 was 823.8M, an increase of 31% from 628.1M in the twelve-month period ended March 31, 2020.
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CNTG | Hot Stocks06:38 EDT Centogene nominates Rene Just as CFO - Centogene nominated Rene Just as CFO, which will be proposed to the shareholders at the upcoming Annual General Meeting. Rene will join the company on June 1 to work closely through the transition with current CFO Richard Stoffelen, who has decided to leave the company as of June 30. Before joining Centogene, Just was the Group CFO at Riemser Pharma Holding, previously owned by the private investment and private equity firm Ardian.
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TIRX | Hot Stocks06:37 EDT Tian Ruixiang signs insurance brokerage services agreement - Tian Ruixiang announced that it has been commissioned by Zhongkang Yiyang Health Technology, a company providing technology and health management related services, to develop and launch the "Zhongkang Huimin Cancer Prevention Insurance", a specialty health insurance product relating to cancer prevention and treatment to be offered to residents in Mainland China. The "Zhongkang Huimin Cancer Prevention Insurance" will be underwritten by a Chinese insurance company. Zhongkang is authorized to provide marketing, promotion, and other services for activities relating to the "China Cancer Prevention Public Welfare Project" organized by the China Anti-Aging Promotion Association, a non-profit organization registered with the Chinese Ministry of Civil Affairs. The launch of the Zhongkang Huimin Cancer Prevention Insurance is one of the major initiatives under the "China Cancer Prevention Public Welfare Project".
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HSIC | Hot Stocks06:36 EDT Henry Schein awarded $53.4M SNS contract for PPE storage, distribution - Henry Schein announced that the company was awarded a $53.4M contract from the U.S. Department of Health and Human Services for the storage and distribution of 80,000 pallets of personal protective equipment and COVID-19 related products to support the Strategic National Stockpile, part of the Office of the Assistant Secretary for Preparedness and Response within HHS. This agreement will further the efforts of ASPR to leverage the collective strengths of both the public and private sectors to maximize the breadth of coverage and capabilities, minimize vulnerabilities, and facilitate an expedited response to public health crises and other emergencies.
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LOTZ | Hot Stocks06:36 EDT CarLotz's profit-sharing sourcing partner pauses consignments - CarLotz's profit-sharing corporate vehicle sourcing partner informed the company that, in light of current wholesale market conditions, it has paused consignments to the company. During the three months ended March 31, this sourcing partner accounted for more than 60% of the cars sold and sourced and, for Q2 to date, accounted for less than 50% of the cars sold and approximately 25% of cars sourced. Continues to expect 14 to 16 hub openings this year.
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EBS | Hot Stocks06:35 EDT Emergent BioSolutions reports 'positive' data from Phase 2 CHIKV VLP study - Emergent BioSolutions announced two-year persistence data from its Phase 2 clinical study evaluating the safety and immunogenicity of the company's investigational chikungunya virus virus-like particle (CHIKV VLP) vaccine candidate in 415 healthy adults. Emergent's CHIKV VLP vaccine, the only single-dose VLP-based vaccine currently in clinical development for active immunization against chikungunya disease, continued to demonstrate a favorable safety profile and had generated a dose-related increase in neutralizing antibody response against the chikungunya virus as previously reported. Two years post-vaccination, SNA responses were 19 times higher than pre-vaccination titers following a single adjuvanted 40 microgram dose of the CHIKV VLP vaccine, supporting the persistence of the immune response. All subjects in the single-dose regimen remained seropositive at their one-year and two-year visits. The vaccine candidate was well-tolerated and no significant vaccine-related safety concerns were identified. The majority of solicited adverse events were mild or moderate in severity and the most frequent was local injection site pain.
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PNM AGR | Hot Stocks06:34 EDT PNM Resources, Avangrid get Nuclear Regulatory Commission approval for merger - PNM Resources (PNM) and Avangrid (AGR) received approval from the sixth regulatory entity, the Nuclear Regulatory Commission, or NRC, for their proposed merger.
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MGNI | Hot Stocks06:04 EDT Magnite changes leadership team after SpotX acquisition - Magnite announced changes to its executive leadership team, effective July 1. These are the company's first major steps towards integrating its recent acquisition of SpotX. SpotX's former Chief Technology Officer, J. Allen Dove, will serve as CTO of Magnite; Adam Soroca, Head of Magnite's Global Buyer Team, will be moving into a newly created role as Chief Product Officer; Sean Buckley, SpotX's former COO, will become Chief Revenue Officer for CTV, and Joe Prusz will serve as the Chief Revenue Officer for Magnite's online video and display business, known as DV+. SpotX's former CEO, Mike Shehan, will continue with Magnite as a consultant through the end of the year. Additionally, Tom Kershaw, who served as Magnite's Chief Technology Officer for the past four years, will be stepping down to pursue a new opportunity outside of ad tech. Magnite's executive leadership team will be comprised of the following members, reporting to President & CEO, Michael Barrett: CFO David Day; COO Katie Evans; CTO J. Allen Dove; Chief Product Officer Adam Soroca; Chief Revenue Officer, CTV: Sean Buckley; Chief Revenue Officer, DV+: Joe Prusz; Chief Strategy Officer: Erik Hovanec; Chief Marketing Officer: David Hertog; Chief People Officer and Chief Accounting Officer: Shawna Hughes; General Counsel: Aaron Saltz.
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PLAB | Hot Stocks06:03 EDT Photronics CEO says 'we are solidly executing our 2021 plan' - "We achieved record revenue in the quarter, with growth in both IC and FPD, demonstrating the strength and resiliency of our design-driven demand model, supported by world-class capabilities and unmatched global presence," said Peter Kirlin, CEO. "Our customers are responding to growing demand for their products, as they innovate to meet more advanced specifications. This creates an environment with strong design activity, driving mask demand across our business. As the largest merchant photomask manufacturer, we are well positioned to benefit from these trends. This ongoing market strength gives us confidence in meeting our long-term financial objectives as well as support for continued investment to expand capacity in our operations. Gross and operating margins expanded to 24.6% and 13.0%, respectively; and we are solidly executing our 2021 plan to outperform our market and increase operating profit by 23%."
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LX | Hot Stocks05:50 EDT LexinFintech CFO Craig Yan Zeng to resign - LexinFintech announced that Craig Yan Zeng has tendered in his resignation as the CFO, effective on June 7. Kris Qiao Qian, Lexin's chief financing cooperation officer, has been appointed as the acting CFO. Zeng's resignation from his position was due to personal reasons, and he will remain as a director of the board of directors of the company and also serve as a senior consultant to the company following his resignation. The company has initiated a search for a permanent CFO. In addition, Zeng will continue to serve as the CFO for Lexin's next earnings report for Q1 and will supervise and sign off the review of the upcoming unaudited financial results.
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GNSS | Hot Stocks05:41 EDT Genasys receives TRM certification to operate on VA networks - Genasys announced the receipt of technical reference model, or TRM, software evaluation process certification for Genasys Emergency Management, or GEM, to operate on U.S. Department of Veterans Affairs, or VA, networks. The company also announced a multi-year software services support renewal from the Iowa Veterans Affairs Health Care System.
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HOLI | Hot Stocks05:39 EDT Buyer consortium issues statement on Hollysys recent quarterly results - A buyer consortium consisting of Shao Baiqing, Ace Lead Profits and CPE Funds Management commented on recent financial information released by Hollysys. the consortium said, "On May 13, 2021, Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) (the "Company") disclosed financial condition and results of operations for the quarter and the nine-month period ended March 31, 2021, together with its review and analysis of the comparable periods for fiscal year 2020. The Company intended to "highlight" selected financial metrics by making comparisons to the low base numbers for the first three months of 2020, when the Company's performance was severely and negatively affected by COVID-19, and sought to convince the public that the Company is on the right track under the current management. But a close look at these data, in particular by comparing them to 2019 pre-pandemic results, reveals significantly deteriorating financial and operational conditions of the Company since the sudden removal of previous management in July 2020... The Company's closing price on May 25, 2021 was $13.38, significantly lower than the $17.10 offer price provided in the proposal (the "Proposal") by the buyer consortium consisting of Mr. Shao Baiqing, Ace Lead Profits Limited and CPE Funds Management Limited (the "Consortium"). The Consortium believes that the Company's operations and financial conditions will further weaken because existing management and the board of directors do not know how to run the Company successfully. The Company's struggling operations, the general negative sentiment towards U.S.-listed Chinese companies and the associated risk of forced delisting, the very low trading volume of the Company shares, and the highly attractive offer price are some of the many compelling reasons why the board should immediately engage with the Consortium and convene a shareholder meeting for the shareholders to consider and vote on the Proposal. The board should also take all necessary corporate action to render the shareholder rights plan inapplicable to the Proposal as the Proposal offers all shareholders, other than the Consortium, with a compelling premium in a fair and equal manner and is not the type of takeover that the rights plan intends to prevent. Short of those actions, the board would find themselves at great risk of further violating their fiduciary duties to the shareholders. With the Company's condition worsening quarter by quarter, the board is presented with ever increasing urgency to act on the Proposal immediately."
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TAC | Hot Stocks05:35 EDT TransAlta announces TSX acceptance of NCIB - TransAlta announced that the Toronto Stock Exchange, or TSX, has accepted the notice filed by the company to implement a normal course issuer bid, or NCIB, for a portion of its common shares. Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14M common shares, representing approximately 7.16% of its public float of common shares as at May 18. The period during which TransAlta is authorized to make purchases under the NCIB commences on May 31 and ends on May 30, 2022 or such earlier date on which the maximum number of common shares are purchased under the NCIB or the NCIB is terminated at the company's election.
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AMZN | Hot Stocks05:31 EDT Amazon Web Services to open infrastructure region in the UAE in 2022 - Amazon Web Services, or AWS, an Amazon.com company, announced that it plans to open an infrastructure region in the United Arab Emirates, or UAE, in the first half of 2022. The new AWS Middle East Region will consist of three availability zones and become AWS's second region in the Middle East with the existing AWS Region in Bahrain. Globally, AWS has 80 availability zones across 25 geographic regions, with plans to launch 18 more availability zones and six more AWS Regions in Australia, India, Indonesia, Spain, Switzerland, and the United Arab Emirates.
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TLSA | Hot Stocks05:28 EDT Tiziana Life Sciences provides update on data from Foralumab study - Tiziana Life Sciences provided an update on further analysis of lymphocyte subsets from blood samples from a Phase 1 study with nasally administered Foralumab in healthy volunteers. Results exhibiting statistically significant immunomodulatory effects on CD8 cytotoxic T-lymphocytes and other inflammatory biomarkers were observed. This Phase 1 trial, conducted at the Brigham and Women's Hospital, Harvard Medical School, Boston, Massachusetts, was a single-site, double-blind, placebo-controlled, dose-ranging study with nasally administered Foralumab at 10, 50 and 250 mcg per day, consecutively for five days in healthy volunteers. The treatment was well-tolerated at all doses and there were no apparent symptoms of severe toxicity. Importantly, the treatment showed positive effects at 50 mcg/day dose on T-cell subsets and inflammatory biomarkers. These data support other clinical and pre-clinical studies showing that this route of administration is capable of inducing site-targeted immunomodulation and anti-inflammatory effects. Furthermore these pharmacodynamic data point to a clinical dose range that Tiziana intends to test in further clinical development among MS patients. Nasally administered Foralumab was well tolerated and there were no apparent symptoms of severe toxicity or cytokine release syndrome. Systemic levels of Foralumab were below the lower quantitation limit of 8 ng/mL suggesting that nasally administered Foralumab appears to exert its effects via nasal epithelium utilizing local and lymphatic immune systems directly. Most prominent effects among cytotoxic T-cell subsets were observed in the 50mcg group compared to 10mcg, 250mcg and placebo groups. The observed effects in the 50mcg dose group were the following: Statistically significant reductions from baseline in CD8_Tem cytotoxic T-cell subset through 14 days and CD8_TEMRA, CD8_GranzymeB, CD8_Perforin subsets through 21 days. Statistically significant increase from baseline in CD8_naive subset through day 21. Statistically significant stimulation in production of anti-inflammatory cytokine IL-10 along with suppressed production of pro-inflammatory cytokine IFN, suggested a positive trend for immunomodulation and anti-inflammatory effect. These observed clinical responses on biomarkers, indicative of immunomodulation and anti-inflammatory, are consistent with the clinical data observed with nasally administered Foralumab in COVID-19 patients in Brazil. Results from this clinical study demonstrated that nasally administered Foralumab at 100 mcg/day for 10 consecutive days was not only well-tolerated but it also showed significant reduction of lung inflammation along with statistically reduced levels of interleukin-6, or IL-6, and C-reactive protein, or CRP, in the blood samples taken from patients.
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DADA | Hot Stocks05:16 EDT Dada Nexus to be included in MSCI ACWI Index - Dada Group announced that it will be included in the MSCI ACWI Index, effective after the U.S. market close on May 27. MSCI Inc., a provider of research-based indexes and analytics, announced this inclusion in its May Semi-Annual Index Review.
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ALLT | Hot Stocks05:13 EDT Allot Ltd. traffic platform selected by North American government agency - Allot Ltd. announced that a North American government agency has selected the Allot Traffic Intelligence Platform for a national rollout. The government customer, with hundreds of thousands of end users, is in the process of digitalization of their datacenter infrastructure. They are working toward consolidating their data centers into a handful of regional cores that are managed centrally, with each datacenter needing to scale up to more than 100Gbps of throughput.
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AMBA... | Hot Stocks05:11 EDT Ambarella, Lumentum and ON Semiconductor collaborate on AIoT device deployment - Ambarella (AMBA), Lumentum (LITE) and ON Semiconductor (ON) announced two new joint reference designs that accelerate AIoT device deployment across verticals, building on the companies' previous joint solution for contactless access systems. By combining the data from Lumentum's VCSEL array illuminators and an ON Semiconductor image sensor using Ambarella's AI SoC, the companies said higher levels of accuracy and more intelligent decision-making can be achieved in next-generation AIoT devices for biometric access control, 3D electronic locks and other intelligent sensing applications. Originally intended for biometric access control and electronic locks, these new reference designs can also address the needs of smart cities, smart buildings, smart homes and intelligent healthcare. The open software development kit, or SDK, for Ambarella's CVflow AI vision processors allows the easy integration of third-party applications while enabling OEMs to address differing regional requirements with a single platform. These joint reference designs and development kits are expected to be available in June.
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SGMS | Hot Stocks05:06 EDT Scientific Games acquires SportCast, terms undisclosed - Scientific Games announced the acquisition of SportCast. Founded in 2013, SportCast is recognized as a sports betting player engagement through product experiences, technologies and pricing. They are also credited with developing the original BetBuilder product, a feature that allows players to build bets across multiple markets on a single game with instant pricing through a user interface, or UI. SportCast's technology is capable of processing over 12,000 bets per second across major global sports. SportCast uses proprietary cloud-based technology and integrated machine learning models for speed and precision with rapid response times.
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