Stockwinners Market Radar for May 27, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
FLGT | Hot Stocks19:12 EDT Fulgent Genetics CFO sells 28.4K shares of common stock - In a regulatory filing, Fulgent Genetics disclosed that its CFO Paul Kim sold 28.4K shares of common stock on May 25th in a total transaction size of $2.07M, reducing his stake by about 17%.
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ROSS | Hot Stocks18:50 EDT Ross Acquisition Corp II receives NYSE notice regarding delayed 10-Q filing - Ross Acquisition Corp II announced that it has regained compliance with Section 802.01E of the New York Stock Exchange Listed Company Manual after filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 with the Securities and Exchange Commission on May 27, 2021.
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TSLA | Hot Stocks18:46 EDT Tesla Model 3 loses Consumer Reports top pick status - "Some Tesla vehicles are losing critical performance designations from testing organizations including Consumer Reports and the Insurance Institute for Highway Safety because the government's top vehicle safety rating agency says the vehicles may lack some key advanced safety features, including forward collision warning and automatic emergency braking," Consumer Reports' Keith Barry said. "The missing safety features are the result of the automaker's decision to no longer equip Model 3 sedans and Model Y SUVs with radar sensors, instead relying on a camera-based system called Tesla Vision. In a blog post, Tesla says that Tesla Vision-equipped cars will use a camera and machine learning software called a neural network to perform functions once reliant on radar. However, these vehicles "may be delivered with some features temporarily limited or inactive" for a "short period" of time as the automaker introduces the new technology, according to the post. AEB and FCW are currently standard on almost three-quarters of 2021 passenger vehicles, including many entry-level models." Reference Link
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HPQ | Hot Stocks18:46 EDT HP Inc. CEO: Underlying trends driving performance will continue - In an interview on CNBC's Mad Money, Enrique Lores said, "We're going to continue to see hybrid work that will increase demand." Demand for PC's continues to be strong and printing has come back strong, he noted. There shouldn't be any worries about cash flow, he added. "We think the stock price is undervalued," he said.
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WSM | Hot Stocks18:36 EDT Williams-Sonoma CEO: Seeing incredible numbers in WSM Home - In an interview on CNBC's Mad Money, Laura Alber said Williams-Sonoma is seeing retail sales come back, but they are still not at 2019 levels. There is a large runway for growth, she noted. "B2B is such an opportunity for us," she added.
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GPS WMT | Hot Stocks18:26 EDT Gap CEO: We feel great about our strategy and brands - In an interview on CNBC's Mad Money, Sonia Syngal said Gap (GPS) has purpose-driven, lifestyle brands. The company saw great momentum at Old Navy and expects it to continue. It is also seeing Banana Republic take control of its position in luxury. Syngal is very excited about the company's partnership with Walmart (WMT).
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ZBRA | Hot Stocks18:17 EDT Zebra Technologies director Smith sells 1,267 class A shares - In a regulatory filing, Zebra Technologies director Michael Smith disclosed the sale of 1,267 class A common shares of the company on May 25 at a price of $505 per share.
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XRAY | Hot Stocks18:02 EDT Dentsply Sirona increases quarterly dividend 10% to 11c per share - Dentsply Sirona approved a 10% increase in the company's quarterly dividend rate to 11c per share. The dividend is payable on July 9 to holders of record as of June 25.
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VYNT | Hot Stocks17:50 EDT Vyant Bio CEO buys 14.5K shares of common stock - In a regulatory filing, Vyant Bio disclosed that its CEO John Roberts bought 14.5K shares of common stock on May 24th with total transaction size of $50.1K. Shares of Vyant Bio are up 4.5% afterhours at $3.70.
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FSP | Hot Stocks17:49 EDT Franklin Street finihes properties for aggregate gross proceeds of $219.5M - Franklin Street Properties announced the completion of the sale of One Overton Park, One Ravinia Drive and Two Ravinia Drive or Franklin Street Properties a real estate investment trust announced the completion of the sale of One Overton Park, One Ravinia Drive and Two Ravinia Drive for aggregate gross proceeds of $219.5M.The Company expects to record an aggregate gain of approximately $23M in the second quarter of 2021 in connection with the sale of the Properties. George J. Carter, Chairman and Chief Executive Officer of FSP, commented as follows: "We are pleased to announce the completion of the sale of the Properties. The proceeds from this sale represent a significant portion of our previously announced 2021 disposition guidance in the range of $350 million to $450M aggregate gross proceeds. As previously announced, the proceeds are intended to be used primarily for debt reduction." "We are pleased to announce the completion of the sale of the Properties. The proceeds from this sale represent a significant portion of our previously announced 2021 disposition guidance in the range of $350 million to $450 million in aggregate gross proceeds. As previously announced, the proceeds are intended to be used primarily for debt reduction." This press release, along with other news about FSP, is available on the Internet at www.fspreit.com. We routinely post information that may be important to investors in the Investor Relations section of our website.
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ARW | Hot Stocks17:38 EDT Arrow Electronics director Kerin sells over 7,000 common shares - In a regulatory filing, Arrow Electronics director Andrew Charles Kerin disclosed the sale of 7,348 common shares of the company on May 26 at a price of $122.28 per share.
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BLDP | Hot Stocks17:32 EDT Ballard Power receives follow-on fuel cell order for Solaris buses in Frankfurt - Ballard Power announced purchase orders from Solaris Bus & Coach, a leading European bus and trolleybus manufacturer and Ballard partner headquartered in Bolechowo, Poland, for 13 Ballard FCmove fuel cell modules to power 13 Fuel Cell Electric Buses deployed with In-der-City-Bus, which operates bus routes in Frankfurt, Germany. Ballard plans to ship the modules in 2021 and the buses are planned for deployment in 2022. Each of the single decker Solaris Urbino 12 hydrogen buses is capable of traveling 350 kilometers on a single hydrogen refueling.
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SVC LCI | Hot Stocks17:21 EDT Service Properties to replace Lannett in S&P 600 at open on 6/4
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HFC SVC | Hot Stocks17:19 EDT HollyFrontier to replace Service Properties in S&P 400 at open on 6/4
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OGN HFC | Hot Stocks17:18 EDT Organon to replace HollyFrontier in S&P 500 at open on 6/3 - Organon & Co. (OGN) will be added to the S&P 500 prior to the open of trading on Thursday, June 3, replacing HollyFrontier (HFC), which will be removed from the S&P 500 effective prior to the open of trading on Friday, June 4.
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YEXT | Hot Stocks17:09 EDT Yext jumps 15% to $14.15 after Q1 results beat, FY22 revenue guidance raised
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ITRM | Hot Stocks17:03 EDT Iterum Therapeutics provides update on NDA review - Iterum Therapeutics announced that the company participated in a late-cycle meeting with the FDA yesterday. During the meeting, the FDA shared issues still under review regarding the company's new drug application, NDA, for sulopenem etzadroxil/probenecid for the treatment of uncomplicated urinary tract infections in patients with a quinolone non-susceptible pathogen and the company responded to these issues. The FDA has determined that an advisory committee meeting is not currently necessary. The review of the NDA is ongoing and the company was informed that the FDA continues to work toward the PDUFA goal date of July 25, 2021.
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DIS LULU | Hot Stocks17:02 EDT Disney elects Amy Chang, Calvin McDonald to Board of Directors - The Walt Disney Company (DIS) Board of Directors announced the election of two new directors: Amy Chang, veteran technology executive, and Calvin McDonald, CEO of global athletic apparel company lululemon athletica (LULU). The elections of Chang and McDonald are effective immediately.
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ASAQ | Hot Stocks17:01 EDT Atlantic Avenue Acquisition receives NYSE notice regarded delayed report - Atlantic Avenue Acquisition Corp announced that, on May 25, 2021, it received a notice from NYSE Regulation stating that the company is not in compliance with the Section 802.01E of the Listed Company Manual because the company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 with the Securities and Exchange Commission. The NYSE informed the company that the company has six months from the 10-Q filing due date to file the Form 10-Q. The Notice has no immediate effect on the listing or trading of the company's securities on the NYSE.
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ASAQ | Hot Stocks17:01 EDT Atlantic Avenue Acquisition receives NYSE notice regarded delayed report - Atlantic Avenue Acquisition Corp announced that, on May 25, 2021, it received a notice from NYSE Regulation stating that the company is not in compliance with the Section 802.01E of the Listed Company Manual because the company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 with the Securities and Exchange Commission. The NYSE informed the company that the company has six months from the 10-Q filing due date to file the Form 10-Q. The Notice has no immediate effect on the listing or trading of the company's securities on the NYSE.
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KALV | Hot Stocks16:58 EDT RA Capital Management reports 5.7% passive stake in KalVista - RA Capital Management disclosed a 5.7% stake in KalVista, which represents about 1.4M shares. The filing does not allow for activism.
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COIN | Hot Stocks16:53 EDT Coinbase announces Coinbase Fact Check, 'in the age of misinformation' - Brian Armstrong, of Coinbase, said in part in a blog posting earlier: "As Coinbase and the cryptoeconomy grow, we've seen more interest from the media, government, and the general public in our business and in crypto overall. This increased awareness has been great. Unfortunately, we also see misinformation published frequently as well, whether in traditional media, social media, or by public figures.This doesn't always come from negative intentions. Our business, and crypto, can be difficult to understand, and often people are rushed to post first impressions online, making mistakes in the process. At other times, misinformation comes from people pushing their own agenda, or from those who have a conflict of interest. This is not unique to our business or industry of course. Every company experiences this to some degree, and it can be incredibly frustrating. So how should companies respond to misinformation? The choices Option 1: turn the other cheek; As Coinbase and the cryptoeconomy grow, we've seen more interest from the media, government, and the general public in our business and in crypto overall. This increased awareness has been great. Unfortunately, we also see misinformation published frequently as well, whether in traditional media, social media, or by public figures. This doesn't always come from negative intentions. Our business, and crypto, can be difficult to understand, and often people are rushed to post first impressions online, making mistakes in the process. At other times, misinformation comes from people pushing their own agenda, or from those who have a conflict of interest. This is not unique to our business or industry of course. Every company experiences this to some degree, and it can be incredibly frustrating. So how should companies respond to misinformation? The choices Option 1: turn the other cheek. Option 3: publish the truth I believe there is a reasonable middle ground between these first two options, which is to simply publish the truth, in a thoughtful and respectful way, and build a direct relationship with your audience....Today we're announcing a section of our blog called "Fact Check". We will use this section of the blog to combat misinformation and mischaracterizations about Coinbase or crypto being shared in the world...Crypto is a rapidly emerging space with growing attention and focus on it right now. Unfortunately, with this attention comes a lot of misinformation that is damaging, not only for companies like Coinbase, but for the space broadly. We want to do our best to ensure that when a customer, a regulator, or another important stakeholder is doing their research on crypto that they're seeing information that is accurate and objective. Reference Link
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OLLI | Hot Stocks16:46 EDT Ollie's Bargain Outlet jumps 7% to $86.25 after Q1 results beat estimates
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ULTA | Hot Stocks16:42 EDT Ulta Beauty up 4.5% to $343 per share after Q1 earnings beat, FY guidance raise
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CRM | Hot Stocks16:40 EDT Salesforce jumps 5% to $237.60 after Q1 results beat, FY22 guidance raised
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GTPB | Hot Stocks16:37 EDT Gores Technology Partners II receives Nasdaq notice over delayed report - Gores Technology Partners II announced that, on May 21, 2021, it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market stating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 with the Securities and Exchange Commission. The Notice has no immediate effect on the listing or trading of the Company's securities on the Nasdaq Capital Market. As previously disclosed in the Form 12b-25 filed on May 18, 2021 by the company, on April 12, 2021, the Acting Director of the Division of Corporation Finance and Acting Chief Accountant of the SEC together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled "Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies." As result of the SEC Statement, the Company's management is reevaluating the accounting treatment of the redeemable warrants that were included in the units issued by the Company in its initial public offering and the redeemable warrants that were issued in a private placement, and concluded that the Warrants should be reclassified as derivative liabilities.
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PCG | Hot Stocks16:34 EDT PG&E names Jerry Davis chief information security officer - PG&E announced the appointment of five Regional Vice Presidents and the appointment of Jerry L. Davis as Vice President and Chief Information Security Officer. The announcement of the regional leaders marks a milestone in PG&E's plan to move to a regional service model, as outlined in its Chapter 11 Plan of Reorganization and its Updated Regionalization Proposal filed February 26, 2021, with the California Public Utilities Commission. PG&E had committed to appoint a regional leadership team by June 1, 2021. "We have assembled a strong and experienced group of leaders who will live and work in the communities they serve. This will position them to better understand and address the challenges unique to their regions. In doing so, they will have the full support of PG&E's executive leadership and the functional expertise of our 25,000 coworkers. I know they're eager to settle in and get to work, and I'm excited to welcome them to the team," said PG&E Corporation Chief Executive Officer Patti Poppe.
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GMII | Hot Stocks16:33 EDT Gores Metropoulos II receives expected notice from Nasdaq over delayed report - Gores Metropoulos II announced that, on May 21, 2021, it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market stating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 with the Securities and Exchange Commission. The Notice has no immediate effect on the listing or trading of the company's securities on the Nasdaq Capital Market. As previously disclosed in the Form 12b-25 filed on May 18, 2021 by the company, on April 12, 2021, the Acting Director of the Division of Corporation Finance and Acting Chief Accountant of the SEC together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled "Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies." As result of the SEC Statement, the company's management is reevaluating the accounting treatment of the redeemable warrants that were included in the units issued by the company in its initial public offering and the redeemable warrants that were issued in a private placement, and concluded that the Warrants should be reclassified as derivative liabilities.
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GGPI | Hot Stocks16:33 EDT Gores Guggenheim discloses Nasdaq notice regarding delayed quarterly report - Gores Guggenhei announced that, on May 21, 2021, it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because the Company failed to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 with the SEC. The Notice has no immediate effect on the listing or trading of the Company's securities on the Nasdaq Capital Market.
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ELMD | Hot Stocks16:33 EDT Electromed authorizes $3.0M stock repurchase program - Electromed has approved a $3.0M stock repurchase authorization, effective as of May 26. Under the authorization, the company may repurchase common stock, par value 1c per share, with an aggregate value of up to $3.0M through May 26, 2022.
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CW | Hot Stocks16:31 EDT Curtiss-Wright awarded contract by Hyster-Yale Group - The company states: "Curtiss-Wright announced that it was awarded a contract by Hyster-Yale Group to supply a suite of in-cab operator controls for its new modular family of Internal Combustion and Electric lift trucks. The new generation of Lift Trucks, ranging from 1 to 10 tons, represents a critical portion of the Hyster-Yale Group's Class 4 and 5 offerings. Under the contract, Curtiss-Wright will be fitting these lift trucks with customized operator controls, including a modular armrest, steering column controller and electronic throttle control, with each element contributing to an effective, in-cab operating environment meeting the needs of the modern-day materials handling market."
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LOW | Hot Stocks16:30 EDT Lowe's raises quarterly dividend 33% to 80c per share - The board of directors for Lowe's Companies has declared a quarterly cash dividend of 80c per share, payable August 4, 2021, to shareholders of record as of July 21, 2021. Based on its confidence in the company's continued business momentum, its growth trajectory and strong cash flow generation, the board of directors approved a 33% increase in the quarterly cash dividend. Lowe's has paid a cash dividend every quarter since going public in 1961, and it has increased the dividend for more than 25 consecutive years.
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DELL VMW | Hot Stocks16:28 EDT Dell Technologies revises FY22 debt paydown target to at least $16B - Dell Technologies (DELL) ended the quarter with remaining performance obligations of $42B and cash and investments of $15.9B. The company has paid down $2.5B in debt year-to-date and revised its debt paydown target for its fiscal year 2022 to at least $16B upon completion of its announced spin-off of VMware (VMW).
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DELL | Hot Stocks16:26 EDT Dell Technologies reports Q1 net cash from operating activities $2.2B
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KWAC | Hot Stocks16:24 EDT Kingswood Acquisition receives NYSE non-compliance notice for late filing - Kingswood Acquisition received written notification from the NYSE on May 25 that, because the company has not yet filed its Quarterly Report for the quarter ended March 31, with the SEC, the company does not comply with the continued listing requirement which requires NYSE-listed companies to timely file all periodic reports with the SEC. The company was unable to file the Report within the prescribed time period because it requires additional time to prepare and review its financial statements to ensure adequate disclosure of the financial information required to be included in the Report. The company has until November 24, 2021 to regain compliance and expects to file the Report on or before June 12.
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CXDC | Hot Stocks16:22 EDT China XD Plastics receives noncompliance notification from Nasdaq - China XD Plastics announced that as expected, it received a letter from Nasdaq notifying the company that it was not in compliance with requirements of Nasdaq Listing Rule 5250 as a result of not having timely filed its quarterly report on Form 10-Q for the quarterly period ended March 31 and because the company has not yet filed its annual report on Form 10-K for the fiscal year ended December 31, 2020.
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CHMA | Hot Stocks16:22 EDT Chiasma reports outcomes data from its MPOWERE Phase 3 Trial - Chiasma presented patient-reported outcomes, PROs, data from its MPOWERED Phase 3 trial demonstrating that study patients with acromegaly reported significantly improved quality of life and work productivity after transitioning from long-acting injectable somatostatin analogs, iSSAs, to MYCAPSSA. The data were shared as an oral presentation at the 30th Annual American Association of Clinical Endocrinology AACE Meeting being held virtually from May 26-29. "The encouraging PROs data from the MPOWERED study further our understanding of the potential positive clinical impact that MYCAPSSA has for patients with acromegaly," said Nienke Biermasz, M.D., Ph.D., Presenting Author. "These PROs provide important information to help physicians assess disease and treatment burden for patients treated with iSSAs and may provide the confidence in MYCAPSSA as a treatment option that can be taken at home and also avoid some of the injection-related issues impacting quality of life and work productivity." In the MPOWERED study, 146 patients entered the 6-month run-in phase in which all patients received MYCAPSSA.
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SBFG | Hot Stocks16:21 EDT SB Financial announces 750,000 share repurchase program - SB Financial Group announced that its board of directors has authorized a share repurchase program through May 31, 2022. Pursuant to the share repurchase program, the company is authorized to purchase up to an aggregate of 750,000 common shares, equal to approximately 10% of the common shares of the company. The repurchased shares will be held as treasury shares and will be available for general corporate purposes.
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HAYN | Hot Stocks16:20 EDT Haynes increases base prices on transactional orders 5%-8% - Haynes announced that the company initially increased base prices on all new transactional orders across all of its products by 5% to 8%. The company further increased base prices on such orders by an additional incremental 2% for new orders placed after that date. Prices for orders subject to long-term agreements will be adjusted at the end of the existing term for each agreement.
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ACA | Hot Stocks16:20 EDT Arcosa names Gail Peck as new CFO - Arcosa announced the appointment of Gail Peck as its CFO and Treasurer. Ms. Peck has served as the Senior Vice President, Finance and Treasurer at Arcosa since Arcosa's launch as an independent public company in November 2018.
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OLLI | Hot Stocks16:18 EDT Ollie's Bargain Outlet continues to omit guidance for the year - The Company continues to monitor the impact of the COVID-19 pandemic on the broader economy and, more specifically, its associates, customers, business partners and supply chain. Given the vast uncertainties regarding the pace of economic recovery and consumer demand amidst the ongoing pandemic, the Company is continuing its practice of not providing guidance for fiscal 2021.
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VMW | Hot Stocks16:18 EDT VMware reports Q1 RPO up 9% from last year at $11.0B
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VMW | Hot Stocks16:18 EDT VMware CEO says pleased with financial performance - Interim CEO Zane Rowe says: "We are pleased with our Q1 financial performance as we delivered solutions for customers in strategic areas like multi-cloud, application modernization and digital workspaces, while focusing on providing a broader set of consumption choices with our Subscription and SaaS offerings. We are excited to welcome Raghu Raghuram as the next CEO of VMware. This milestone, along with the proposed Dell spin-off, sets the stage for the company's next innovative chapter."
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GPS | Hot Stocks16:17 EDT Gap reports Q1 SSS up 28% y/y - Old Navy Global net sales were up 27% versus 2019, and the brand maintained its position as the #2 apparel brand in the U.S. Comparable sales were up 35% year-over-year and up 25% versus 2019. Gap Global net sales declined 16% versus 2019, with permanent store closures resulting in an estimated 11% sales decline, and international COVID-closures driving an estimated 4% decline on a 2-year basis. Comparable sales increased 29% year-over-year and decreased 1% versus 2019. Banana Republic Global net sales declined 29% versus 2019. Comparable sales were down 4% year-over-year and down 22% versus 2019. Athleta net sales were up 56% versus 2019. Comparable sales grew 27% year-over-year and 46% versus 2019.
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BHVN | Hot Stocks16:17 EDT Biohaven Pharmaceutical: FDA approves NURTEC ODT for prevention - Biohaven Pharmaceutical announced that the U.S. FDA has approved NURTEC ODT for the preventive treatment of migraine. NURTEC ODT is indicated for adult patients with episodic migraine, e.g. those who experience less than 15 headache days per month. The approved product label was also expanded to include the use of NURTEC ODT 75 mg up to 18 doses/month, allowing for both acute and preventive therapy in the same patient. This new approval makes NURTEC ODT the first oral CGRP antagonist approved for the preventive treatment of migraine, and the only migraine medication approved as a dual therapy for both the acute and preventive treatment. NURTEC ODT is approved for acute treatment in all eligible adult patients with migraine, regardless of the number of monthly migraine days. Since approximately 95% of all U.S. migraine patients experience less than 15 headache days per month, the new indication of preventive treatment significantly expands the market potential of NURTEC ODT and provides a new preventive treatment option for the vast majority of people living with migraine.
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ADSK | Hot Stocks16:16 EDT Autodesk Chief Legal Officer Pascal Di Fronzo retiring - Autodesk Executive Vice President of corporate affairs and Chief Legal Officer Pascal Di Fronzo is retiring. Di Fronzo will serve in his current role until December 2021. Autodesk will begin a search to fill the chief legal officer position as Di Fronzo transitions out of this role.
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BMY | Hot Stocks16:14 EDT FDA approves Bristol-Myers' Zeposia for treatment of ulcerative colitis - Bristol Myers Squibb announced that the U.S. Food and Drug Administration approved Zeposia 0.92 mg for the treatment of adults with moderately to severely active ulcerative colitis, a chronic inflammatory bowel disease. Zeposia, an oral medication taken once daily, is the first and only sphingosine 1-phosphate receptor modulator approved for patients with moderately to severely active UC. The mechanism by which Zeposia exerts therapeutic effects in UC is unknown but may involve the reduction of lymphocyte migration into the intestines. It is thought that by targeting S1P receptors on lymphocytes, a type of immune system cell, Zeposia reduces the number of lymphocytes in peripheral blood. "Despite the availability of approved therapies, there is still unmet need and an opportunity to deliver additional treatment options to help patients better manage their disease," said Adam Lenkowsky, general manager and head, U.S., Cardiovascular, Immunology and Oncology, Bristol Myers Squibb. "We're thrilled that our pursuit of transformative science in immunology may benefit patients in their ulcerative colitis treatment by introducing a new option that has a different mechanism of action than available therapies. Zeposia combines disease control through lasting remission and demonstrated safety in a once-daily pill."
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IIPR | Hot Stocks16:12 EDT Innovative Industrial Properties acquires Massachusetts property for $3.1M - Innovative Industrial Properties announced it closed on the acquisition of a property in North Adams, Massachusetts, comprising approximately 70,000 square feet of industrial space. The purchase price for the property was $3.1M, excluding transaction costs. Concurrent with the closing of the purchase, IIP entered into a long-term, triple-net lease at the property with Temescal Wellness of Massachusetts, LLC for use as a regulated cannabis cultivation and processing facility upon completion of redevelopment. Temescal is expected to complete additional tenant improvements for the property, for which IIP has agreed to provide reimbursement of up to $15M. Assuming full reimbursement for the tenant improvements, IIP's total investment in the property is expected to be $18.1M. "We have been following Temescal's evolution and continued success in Massachusetts for some time, and are thrilled to begin this new long-term real estate partnership with Ted Rebholz and his team," said Paul Smithers, President and Chief Executive Officer of IIP. "The Temescal team's focus and proven success in delivering consistent, high quality cannabis products to their patients and customers over the years, in combination with their well-located dispensaries accessible to a large percentage of Massachusetts residents, have positioned them very well for the future. We look forward to supporting their real estate capital needs for many years to come, including the buildout of this new facility that is expected to dramatically enhance Temescal's production capacity as demand for high quality cannabis products continues for patients and customers throughout the Commonwealth."
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TK | Hot Stocks16:12 EDT Teekay Corp. completes Banff decommissioning agreement - Teekay Corporation announces the completion of the remaining conditions precedent relating to the previously announced Decommissioning Services Agreement with CNR International Limited, on behalf of the Banff joint venture, whereby Teekay has engaged CNRI to decommission the Company's remaining subsea infrastructure located within the CNRI-operated Banff Field. As part of the DSA, which is now in full effect, CNRI has assumed full responsibility for Teekay's remaining asset retirement obligations for the above-mentioned facilities, which should enable CNRI to complete Teekay's Phase II work in conjunction with their other decommissioning work at the Banff Field in a more efficient manner. As part of the transaction, Teekay has now been deemed to have completed all of its prior decommissioning obligations associated with the Banff Field and as a result, the Company expects to reduce its accrued asset retirement obligations by approximately $30 million in the second quarter of 2021. "This agreement is a major milestone towards achieving our strategic goal of winding down our FPSO segment," commented Kenneth Hvid, Teekay's President and CEO. "This transaction also reflects the strong collaboration with our customer and represents the conclusion of our involvement on the Banff Field after over 20 years of successful operations."
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TK | Hot Stocks16:11 EDT Teekay Corp. completes Banff decommissioning agreement - Teekay Corporation announces the completion of the remaining conditions precedent relating to the previously announced Decommissioning Services Agreement with CNR International Limited, on behalf of the Banff joint venture, whereby Teekay has engaged CNRI to decommission the Company's remaining subsea infrastructure located within the CNRI-operated Banff Field. As part of the DSA, which is now in full effect, CNRI has assumed full responsibility for Teekay's remaining asset retirement obligations for the above-mentioned facilities, which should enable CNRI to complete Teekay's Phase II work in conjunction with their other decommissioning work at the Banff Field in a more efficient manner. As part of the transaction, Teekay has now been deemed to have completed all of its prior decommissioning obligations associated with the Banff Field and as a result, the Company expects to reduce its accrued asset retirement obligations by approximately $30 million in the second quarter of 2021. "This agreement is a major milestone towards achieving our strategic goal of winding down our FPSO segment," commented Kenneth Hvid, Teekay's President and CEO. "This transaction also reflects the strong collaboration with our customer and represents the conclusion of our involvement on the Banff Field after over 20 years of successful operations."
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TJX | Hot Stocks16:06 EDT TJX reinstates share buyback program, to repurchase up to $1.25B in FY22 - The TJX Companies announced that its board has reinstated its share repurchase program. The company plans to repurchase approximately $1.0B to $1.25B of TJX stock during the fiscal year ending January 29, 2022, and currently has approximately $3.0B remaining under its existing stock repurchase programs.
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EXPR | Hot Stocks16:04 EDT D.E. Shaw reports 5.0% passive stake in Express - D.E. Shaw disclosed a 5.0% stake in Express, which represents over 3.31M shares. The filing does not allow for activism.
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F | Hot Stocks16:03 EDT Ford issues safety recall for select 2013-21 Ford Transit Connect vehicles - Ford Motor Company is issuing a safety recall for select 2013-21 Ford Transit Connect vehicles with 2.5-liter engine and 6F35 transmission. In affected vehicles, the bushing that attaches the shifter cable to the transmission may degrade or detach. A damaged or missing bushing could prevent the shifter from moving the transmission to the intended gear position. This could allow the driver to move the gear shift lever to park, turn the vehicle off, and exit the vehicle with no instrument panel warning message or warning chime indicating the vehicle is not secured in park. This action affects 192,080 vehicles in the U.S. and federal territories and 12,629 in Canada. Ford is not aware of any reports of accidents or injuries related to this condition. Dealers will replace the under-hood shifter bushing and add a protective cap over the shifter cable bushing. Reference Link
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CCOEY... | Hot Stocks15:56 EDT Capcom's 'Resident Evil Village' has sold over 4M units worldwide - Capcom (CCOEY) announced that multi-platform title "Resident Evil Village," the latest entry in the "Resident Evil" series, has shipped over 4M units worldwide, including digital sales. The game, which launched worldwide on May 7, is currently available on PC, PlayStation 4 (SONY), PlayStation 5, Xbox One (MSFT), and Xbox Series X/S. Capcom noted that "Resident Evil 7: Biohazard" has shipped a cumulative 9M units as of March 31, 2021 since the game's initial release in early 2017. Reference Link
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WTBA | Hot Stocks15:08 EDT West Bancorp CFO Douglas Gulling to retire - West Bancorporation, parent company of West Bank, announced that Douglas Gulling will be retiring as executive VP and CFO of West Bank effective September 30, and as executive VP, Treasurer and CFO of the company effective December 31. Gulling will continue employment with the company during the period from January 1, 2022 through December 31, 2022, in a non-officer role to assist with the transition of his duties. Jane Funk, currently serving as senior VP, Controller and Chief Accounting Officer of the company, will assume the role of executive VP and CFO of West Bank effective October 1, and executive VP, Treasurer and CFO of the company effective January 1, 2022.
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EBAY | Hot Stocks14:35 EDT eBay announces launch of regulatory portal to 'further protect consumers' - eBay has announced the "successful pilot" of its Regulatory Portal, which it said is "part of its longstanding commitment to consumer safety." eBay stated: "The online portal allows participating authorities to flag and take down a listing, outside of the existing consumer reporting facility on site. This facility is in addition to eBay's own extensive reporting system and proactive efforts to remove prohibited items and enforce its existing policies. With the U.S. Postal Inspection Service, Westminster City Council Trading Standards, Bundesnetzagentur, Health Products Regulation Group, and over 50 other authorities around the world already onboarded, the platform has entered its beta phase. eBay is inviting selected trusted authorities from around the globe to join the taskforce, as part of the essential cooperation needed between governments, authorities, and online marketplaces to ensure consumers can stay safe shopping online." Reference Link
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ABNB | Hot Stocks14:34 EDT Airbnb extends ban on parties through end of summer 2021 - Airbnb said in a blog post that, as travel returns with COVID-19 restrictions easing amid vaccinations, it is extending its global ban on parties through at least the end of summer 2021. "At the time of the August 2020 policy change, COVID-19 cases were spiking, and vaccines were not yet approved," the company said. "As we said then and still believe now, this indefinite ban was in the best interest of public health." Reference Link
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NTDOY | Hot Stocks14:32 EDT Nintendo's 'Smash Bros.,' 'Splatoon 2' join PlayVS' high school esports leagues - Esports company PlayVS announced that it is the official scholastic partner of Nintendo with the "Super Smash Bros. Ultimate" and "Splatoon 2" games joining PlayVS' high school leagues starting this Fall season. The two games are now officially recognized as high school varsity athletics. "With these two beloved games joining our roster, the competitive high school community just got bigger, better, and even more fun with Nintendo," PlayVS said. "Students from all over the country will be able to put their skills to the test in exciting league formats, team play, and more as the next season kicks off September 20th, 2021 - and we cannot wait for you to be a part of it!" Reference Link
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DIS | Hot Stocks14:20 EDT 94th Oscars delayed to March 27, 2022 from February 27, 2022 - The Academy of Motion Picture Arts and Sciences and Disney's ABC announced the 94th Oscars ceremony will move to Sunday, March 27, 2022. The show, which will air live on ABC from the Dolby Theatre in Hollywood, was originally scheduled for February 27, 2022.
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UNTY | Hot Stocks14:14 EDT Unity Bancorp raises dividend to 9c from 8c per share - Unity Bancorp, parent company of Unity Bank, announced that its board of directors has declared a cash dividend of 9c per common share. Such dividend is payable on June 25 to shareholders of record as of June 11 and is an increase from last quarter's 8c per share level.
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CIA | Hot Stocks13:55 EDT Citizens expands board to ten, commitment to advance diversity - Citizens again demonstrated a continued commitment to Board diversity by announcing that the Board has voted to expand the size of the Board from nine to ten directors. This expansion leaves three openings on the Board. While the director selection process is not final, the Committee has identified several qualified diverse candidates. Each candidate has strong credentials and industry experience to enhance the Board's ability to effectively oversee the Company's business operations and guide management's efforts to achieve short- to long-term strategic objectives.
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AMZN | Hot Stocks13:51 EDT AWS announces general availability of Amazon ECS anywhere - Amazon Web Services, AWS, an Amazon.com, announced the general availability of Amazon Elastic Container Service ECS Anywhere, a new capability for Amazon ECS that enables customers to run and manage container-based applications on-premises using the same APIs, cluster management, workload scheduling, monitoring, and deployment pipelines they use with Amazon ECS in AWS. Amazon ECS Anywhere provides a fully managed container orchestration service that allows customers to easily run, scale, and secure Docker container applications on any customer-managed infrastructure in addition to all AWS Regions, AWS Local Zones, and AWS hybrid infrastructure deployment. There are no upfront fees or commitments to use Amazon ECS Anywhere, and customers pay only for the container instances they run. To get started with Amazon ECS Anywhere, visit: https://aws.amazon.com/ecs/anywhere Containers provide a standard way for developers to package and run applications quickly and reliably while improving resource utilization and reducing cost. Today, over 100,000 customers run their containers in the cloud using Amazon ECS because of its performance at scale, reliability, security, and simplicity. However, some customers have data residency, latency, regulatory, or compliance considerations that require them to run applications on their own infrastructure. Other customers want to make use of their investment in unused on-premises compute capacity without adding to their operational overhead. Both scenarios require customers to manually install, operate, and manage on-premises container orchestration software-separate from the infrastructure they operate in the cloud. Before today, these customers have had to install and manage their own container orchestration software and use disparate tooling across their cloud and on-premises environments. This situation not only leads to operational overhead, but also slows the pace of delivering new business capabilities. What customers want instead is a single, fully managed solution that works anywhere they deploy containers.
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FNKO | Hot Stocks13:07 EDT Disguise announces multi-year contract with Funko for Pop! Masks - Disguise, Inc. announced a global agreement and collaboration with Funko to design, market, manufacture and distribute Pop! Masks in North America, Europe, the Middle East, Oceania, South America, and Asia commencing in 2021. Disguise's Pop! Masks are now available for pre-order on Amazon in North America and Europe and will be available later this year on Funko.com, the companies stated. They will also be available in Australia, New Zealand and LATAM this fall, they added.
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RLGY | Hot Stocks12:00 EDT Realogy falls -8.6% - Realogy is down -8.6%, or -$1.67 to $17.76.
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PLAN | Hot Stocks12:00 EDT Anaplan falls -12.1% - Anaplan is down -12.1%, or -$6.88 to $50.11.
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OCFT | Hot Stocks12:00 EDT OneConnect falls -15.8% - OneConnect is down -15.8%, or -$2.95 to $15.73.
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BTU | Hot Stocks12:00 EDT Peabody Energy rises 15.4% - Peabody Energy is up 15.4%, or 88c to $6.54.
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OOMA | Hot Stocks12:00 EDT Ooma rises 16.0% - Ooma is up 16.0%, or $2.62 to $18.99.
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BTCM | Hot Stocks12:00 EDT BIT Mining Limited rises 16.8% - BIT Mining Limited is up 16.8%, or $1.19 to $8.27.
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SONY... | Hot Stocks11:51 EDT Sony's 'MLB The Show 21' debuted as best-selling game of April, says NPD - NPD analyst Mat Piscatella said that Sony's (SONY) "MLB The Show 21" debuted as both the best-selling game of April 2021 as well as the 3rd best-selling game of 2021 year to date. Launch month dollar sales of "MLB The Show 21" set a new franchise high. "MLB The Show 21" was the best-selling game of the month on PlayStation platforms, and ranked 2nd on Xbox (MSFT), though Piscatella noted that digital sales on Xbox platforms are not included in the rankings. Nintendo's (NTDOY) "New Pokemon Snap" was the 3rd best-selling game of April 2021 and was the month's best-selling game on Nintendo platforms. Launch month physical sales of "New Pokemon Snap" more than doubled those of "Pokemon Snap," which debuted in the July 1999 tracking month. Warner Bros. (T) game "Mortal Kombat 11" placed among the top 10 best-sellers of the month for the first time since ranking 9th in July 2020. "Mortal Kombat 11" is currently the 13th best-selling game of 2021 year to date. EA's (EA) "It Takes Two" climbed to 9th on the April 2021 best-sellers chart after placing 22nd in its March debut month. "It Takes Two" was the 3rd best-selling game of April on Xbox platforms while ranking 8th on PlayStation. Other top sellers for the month of April were Activision's (ATVI) "Call of Duty: Black Ops Cold War," Square Enix's (SQNXF) "Outriders" and "NieR: Replicant," Capcom's (CCOEY) "Monster Hunter: Rise," and Sony's "Returnal." Other companies in the video game space include Tencent (TCEHY), Ubisoft (UBSFY), and GameStop (GME). Reference Link
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NTDOY... | Hot Stocks11:43 EDT April 2021 consumer video game spending totaled $4.6B, says NPD - NPD analyst Mat Piscatella said that April 2021 consumer spending across video game hardware, content and accessories totaled $4.6B, a decline of 2% when compared to a year ago. Year-to-date consumer spending reached $19.6B, 21% higher than the first four months of 2020. Monthly sales are now comparable to year ago periods that were impacted by pandemic-driven consumer spending increases. April 2021 content sales boosted by mobile, subscription and post-launch content spending on console and PC. April video game hardware dollar sales fell 30% when compared to April 2020, to $296M. April 2021 hardware dollar sales were 84% higher than the total achieved in April 2019. Year-to-date hardware dollar sales gained 42% when compared to the similar period in 2020, at $1.7B. The Nintendo Switch (NTDOY) was the best-selling hardware platform in both units and dollars during the month of April, as well as 2021 year to date. Other companies in the video game space include Electronic Arts (EA), Take-Two (TTWO), Activision Blizzard (ATVI), Sony (SONY), Microsoft (MSFT), Ubisoft (UBSFY), Capcom (CCOEY), GameStop (GME), Nvidia (NVDA), and Tencent (TCEHY). Reference Link
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GOED | Hot Stocks11:35 EDT 1847 Goedeker says 'unaware of reason' for stock volatility - 1847 Goedeker announced in response to unusual market activity that after "speaking with its directors, major shareholders and other relevant persons, it is unaware of the reason behind today's stock price volatility." The company confirms "there is no corporate development relating to its business and affairs that has not been previously announced," it stated in a press release.
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PENN GLPI | Hot Stocks11:12 EDT Penn National receives final approval to acquire Hollywood Casino Perryville - Penn National Gaming (PENN) announced that it has received final approval from the Maryland Lottery and Gaming Control Commission to acquire the operations of Hollywood Casino Perryville. Penn National entered into a definitive agreement with Gaming and Leisure Properties (GLPI) in December 2020 to acquire the operations of Hollywood Casino Perryville for $31.1M in cash. Simultaneous with the closing of the transaction, Penn National will enter into a lease with Gaming and Leisure for the real estate assets associated with the Hollywood Casino Perryville facility with annual rent of approximately $7.77M. The transaction is expected to close in mid-2021.
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SQ... | Hot Stocks11:03 EDT Square announces new integration with Google Merchant Center - Square (SQ) announced a new integration with Google Merchant Center (GOOGL) that it said "makes it easier for Square sellers to reach new customers through direct product listings on Google." Square for Retail merchants can now have products from their businesses populate right alongside items from other ecommerce stores of all sizes, helping smaller sellers to increase reach and revenue by uncovering new customers buying online, the company stated. "Our goal is to help sellers reach new customers. Online sales have been a significant revenue driver for sellers of all types and sizes over the past year. We're looking forward to partnering with Google to unlock even more opportunities for retailers as they look toward the future and begin to rebuild," said Alyssa Henry, Executive Vice President, Square.
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GOOGL... | Hot Stocks11:00 EDT Google announces new shopping integrations with GoDaddy, Square - Bill Ready, President of Commerce, Payments & NBU at Google (GOOGL), stated in a blog post: "There are now over one billion shopping sessions happening across Google every day. More consumers are shopping online than ever before, and they're meeting a brand-new generation of digital-first retailers, each with their own unique products, stories and values to share. At Google, we're working on more ways to bridge the connection between retailers and consumers, so that retailers can build direct and lasting relationships with their customers. Last week at Google I/O, we announced a new Shopify (SHOP) integration, and today, we're sharing that retailers on WooCommerce, GoDaddy (GDDY) and Square (SQ) will soon be able to integrate with Google easily and for free." Reference Link
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RLGY | Hot Stocks10:58 EDT Realogy down 9.7% after announcing $300M exchangeable senior notes offering
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REED | Hot Stocks10:46 EDT Reed's jumps after announcing expansion with Walmart - Reed's (REED) announced the launch of its Extra Ginger Beer in 12 oz. cans led by the expansion into over 1,600 Walmart Mixer Sets, which it says marks "a secondary shelf placement for Reed's." Norman Snyder, CEO of Reed's, said, "For customers, this innovation expands the Ginger Beer mixer set by now making available an all-natural, premium Ginger Beer in recyclable cans. The expansion of Reed's Ginger Beer into 12 oz. cans is the next step in the company's strategy to increase retail presence in mixer sets, liquor stores and on-premise channel accounts across the country." In morning trading following the announcement, Reed's shares have risen 16c, or 18%, to $1.10.
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BYD... | Hot Stocks10:07 EDT Nevada GCB to lift social distancing, occupancy limitation rules on casinos - The Nevada Gaming Control Board stated in a notice issued yesterday that effective 12:00 am on Tuesday, June 1, the Board rescinds all applicable COVID-19 mitigation protocols issued pursuant to section 18 of Emergency Directive 044, including, without limitation, Industry Notice #2021-41 and the Board's "Health and Safety Policy for Continued Mitigation of the Spread of COVID-19 for Nonrestricted Licensees." The notice states: "As of June 1, 2021, none of Nevada's counties will retain social distancing or occupancy limitations that would apply to a gaming licensee. If the status of the spread of COVID-19 changes in such a way that a county amends its Local Plan, the Board expects each licensee to fully comply with such changes." Publicly traded companies in the casino gaming space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), and Wynn Resorts (WYNN).
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GM | Hot Stocks10:02 EDT General Motors up 4% after announcing production restart plans - Shares of General Motors are up $2.57, or 4%, to $60.65 after the company said in a statement issued to Bloomberg and other media outlets that it is restarting five plants that had been closed in recent months because of the semiconductor shortage that has been impacting the auto industry. GM will restart two plants in Mexico, one in the U.S., one in Canada and another in South Korea, it said by email to Bloomberg. "GM continues to leverage every available semiconductor to build and ship our most popular and in-demand products, including full-size trucks and SUVs for our customers. However, the semiconductor situation continues to remain fluid globally," spokesman David Barnas said in an email quoted by Bloomberg.
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FLO | Hot Stocks10:01 EDT Flowers Foods raises quarterly dividend 5% to 21c from 20c per share - Payable on June 24 to shareholders of record on June 10.
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EXPR | Hot Stocks10:00 EDT Express falls -9.9% - Express is down -9.9%, or -49c to $4.47.
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OCFT | Hot Stocks10:00 EDT OneConnect falls -12.2% - OneConnect is down -12.2%, or -$2.27 to $16.41.
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PLAN | Hot Stocks10:00 EDT Anaplan falls -17.4% - Anaplan is down -17.4%, or -$9.93 to $47.06.
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VSTO | Hot Stocks10:00 EDT Vista Outdoor rises 8.8% - Vista Outdoor is up 8.8%, or $3.52 to $43.48.
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OOMA | Hot Stocks10:00 EDT Ooma rises 13.7% - Ooma is up 13.7%, or $2.24 to $18.61.
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BTCM | Hot Stocks10:00 EDT BIT Mining Limited rises 17.1% - BIT Mining Limited is up 17.1%, or $1.21 to $8.29.
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THR | Hot Stocks09:47 EDT Thermon Group falls -6.9% - Thermon Group is down -6.9%, or -$1.34 to $18.18.
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EXPR | Hot Stocks09:47 EDT Express falls -7.3% - Express is down -7.3%, or -36c to $4.60.
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PLAN | Hot Stocks09:47 EDT Anaplan falls -18.4% - Anaplan is down -18.4%, or -$10.48 to $46.51.
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NTP | Hot Stocks09:47 EDT Nam Tai Property rises 8.1% - Nam Tai Property is up 8.1%, or $1.91 to $25.50.
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TPX | Hot Stocks09:47 EDT Tempur Sealy rises 8.5% - Tempur Sealy is up 8.5%, or $3.15 to $40.00.
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SOS | Hot Stocks09:47 EDT SOS Limited rises 13.2% - SOS Limited is up 13.2%, or 43c to $3.69.
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BYD... | Hot Stocks09:34 EDT Nevada reports April statewide gaming win $1.04B vs. $3.67M last year - Nevada's non-restricted gaming licensees reported a total "gaming win" of $1.04B for the month of April 2021. This amounts to a 28,256% increase compared to April 2020, when licensees reported a gaming win of $3.67M. For the fiscal year (July 1, 2020 through April 30, gaming win decreased 5.88%. The state reported April Las Vegas Strip gaming win of $483.4M versus $3.4M last year. Publicly traded companies in the gambling 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).
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CLSK | Hot Stocks09:31 EDT CleanSpark executes partnership with FlowGen - CleanSpark and FlowGen announced they have entered into a collaborative memorandum of understanding . Under the terms of the MOU, FlowGen has agreed to use CleanSpark's mPulse controls solution in all of its microgrid projects worldwide. In addition, CleanSpark was granted the exclusive distribution rights for FlowGen's advanced wind turbine solutions throughout North and South America.
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UNM | Hot Stocks09:30 EDT Unum Group board votes to raise common stock dividend by 5.3% - Unum Group announced its Board of Directors has authorized an increase of 5.3% in the quarterly dividend paid on its common stock. The new rate of 30c per common share, or $1.20 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter.
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GNUS | Hot Stocks09:23 EDT Genius Brands announces content acquisitions for Kartoon Channel! - Genius Brands International continues to grow its content offering with the acquisition of series from third party producers. Since launching in June 2020, Kartoon Channel!, which is now widely available and fully distributed in the U.S. across all platforms, has significantly expanded its catalog of original and third-party programming. On April 23, 2021, Genius Brands launched its first Kartoon Channel! original, Stan Lee's Superhero Kindergarten, which has since garnered over 22 million views. The new content acquisitions for Kartoon Channel! include classic evergreen and new popular series and feature films. From WildBrain, Genius Brands has licensed the rights to Super Mario Bros.; Adventures of Paddington Bear. Trollz; Madeline; and Liberty's Kids. From Nelvana, movies and series acquired for Kartoon Channel! include Donkey Kong Country; Movie specials from the Franklin franchise, including Franklin and the Green Knight, Franklin and the Turtle Lake Treasure, A Franklin and Friends Adventure: Polar Explorer, A Franklin and Friends Adventure: Deep Sea Voyage, Franklin Back to School, and Franklin's Magic Christmas; and lastly, The Santa Clause Brothers movie special ABC Australia has licensed to the Kartoon Channel! the rights to The Wiggles World; Wiggle Pop special, among others.
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IMRN | Hot Stocks09:22 EDT Immuron trading halted, news pending
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HY | Hot Stocks09:21 EDT Hyster announces new high-capacity forklift models - Hyster Company announces new high-capacity forklift models with factory integrated lithium-ion power, known as the J230-360XD and J360XD36-48 in the Americas, and the J10-18XD in Europe, Middle East, and Africa and Asia-Pacific. All models feature 350-volt lithium-ion battery power that delivers performance comparable to traditional diesel power in 23,000- to 36,000-pound load capacities, helping heavy-duty applications achieve emissions goals without compromising performance.
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DOGZ WOOF | Hot Stocks09:16 EDT Dogness International receives large follow-on order from Petco - Dogness (DOGZ) announced it received a large follow-on order from Petco (WOOF), expanding availability of the company's 6L programmable automatic dog/cat feeders across Petco's 1,600 retail stores. The highly rated, large capacity, automatic food dispenser features a customizable feeding schedule, portion control, voice recordings and a patented anti-jamming mechanism. Dogness announced the planned expansion of sales activities at Petco on November 24, 2020. This latest order follows the announcement in January 2021 of Petco's orders for more than 4,000 units of the Dogness' 2L programmable automatic dog and cat feeders.
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BURL | Hot Stocks09:15 EDT Burlington Stores: Comp sales trends started to 'cool off' in April - Says stimulus checks added 10-15 percentage points of comp store sales growth in Q1.
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GM | Hot Stocks09:12 EDT GM shares rise 2.8% in pre-market trading on plant restart plans
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APVO | Hot Stocks09:11 EDT Aptevoin expansion phase of anti-leukemia drug APVO436 in adult patients - Aptevo Therapeutics announced that the company has initiated the expansion phase of lead anti-leukemia drug candidate, APVO436, in adult patients with acute myeloid leukemia, AML, with a multi-center, multi-arm trial using the active recommended dose identified in the dose escalation phase of the study. During Part 1, APVO436 exhibited a manageable side effect profile, encouraging single agent activity and a promising benefit to risk profile in relapsed AML patients. The Company has plans to submit data from the dose escalation phase for publication later this year.
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VZ | Hot Stocks09:07 EDT Verizon turns on access to 5G service at popular destinations for Memorial Day - Those planning Memorial Day celebrations at Niagara Falls, along the Jersey Shore, at the beaches in Delaware or in Ocean City, MD now have access to 5G Ultra Wideband service from Verizon. In the lead up to the unofficial start of summer, a combination of the beautiful spring weather and the availability of game-changing vaccines have encouraged Verizon customers to be more mobile in recent weeks. Mobile handoffs, the times when a data session moves from one cell site to another as users walk or drive around, have increased 28% since mid-January, and have increased 31% compared to last year at this same time.
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ROKU | Hot Stocks09:06 EDT Roku inks' first ever' pay-one window rights deal With Saban Films - Roku and Saban Films announced a landmark agreement granting Roku the pay-one window streaming rights to movies released by Saban Films. Under the agreement, a selection of Saban's 2021 film slate will stream free exclusively on Roku's ad-supported streaming service, The Roku Channel, in the United States and Canada following theatrical and home entertainment release. The deal is the first ever pay-one licensing agreement for Roku. Saban Films President Bill Bromiley commented, "Streaming has become an incredible way to experience movie-making magic from the comfort of your own home and we are thrilled to bring an extraordinary lineup of entertainment to The Roku Channel and America's No. 1 TV streaming platform."* Saban's first film to premiere on The Roku Channel will be "Echo Boomers" starring two-time Academy Award nominee Michael Shannon and Patrick Schwarzenegger on June 15. Future film debuts include "Happily" starring Joel McHale and Kerry Bishe; "Percy VS Goliath" starring Academy Award winner Christopher Walken, Christina Ricci and Zach Braff; "Under the Stadium Lights" starring Laurence Fishburne and Milo Gibson, and more to be announced at a later date. "Saban Films is a great partner with a history of creating standout films," said Rob Holmes, VP of Programming for Roku. "This first-of-its-kind agreement allows us to bring these compelling films exclusively to our large, engaged audience for free, and to build upon the incredible growth of The Roku Channel."
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EEFT | Hot Stocks09:06 EDT Ria Money Transfer partners with Mooney for payments access - Ria Money Transfer announced the extension of its distribution network through a strategic collaboration with Mooney. This partnership enables Ria to deliver its key principles of convenience, simplicity and value for money to Mooney's nationwide coverage in Italy of approximately 45,000 points of sale and 20 million customers who make more than 200 million transactions per year.
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BA | Hot Stocks09:05 EDT Boeing to pay at least $17M to settle FAA enforcement cases on 737 - The Boeing Company will pay at least $17M in penalties and undertake multiple corrective actions with its production under a settlement agreement with the Federal Aviation Administration. The FAA found that the Chicago-based manufacturer installed equipment on 759 Boeing 737 MAX and NG aircraft containing sensors that were not approved for that equipment; submitted approximately 178 Boeing 737 MAX aircraft for airworthiness certification when the aircraft potentially had nonconforming slat tracks installed; and improperly marked those slat tracks. Boeing will pay the $17M penalty within 30 days after signing the agreement. If Boeing does not complete certain corrective actions within specific timeframes, the FAA will levy up to $10.1M in additional penalties. The FAA will continue its oversight of Boeing's engineering and production activities and is actively implementing oversight provisions from the 2020 Aircraft Certification, Safety, and Accountability Act. Reference Link
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VS TWTR | Hot Stocks09:05 EDT Versus Systems appoints Jennifer Price to board of directors - Versus Systems (VS) announced the appointment of Jennifer Prince to its board of directors. As the Global VP and Head of Content Partnerships for Twitter (TWTR), Jennifer is responsible for Twitter's global content and leads Twitter's efforts engaging with media entities and individual creators. "The addition of Prince to the board of directors comes as Versus is actively growing in the media and entertainment verticals since their IPO on the Nasdaq in January. Versus, who recently announced the acquisition of Xcite Interactive, will now be able to position its interactive rewards platform inside games, apps, streaming media, OTT and broadcast television. Jennifer Prince is well positioned to help shape the company's growth in the media space," the company said.
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IMAC | Hot Stocks09:05 EDT IMAC announces results from internal analysis of treatment outcomes - IMAC Holdings announced results from an extensive internal analysis of treatment outcomes for musculoskeletal conditions performed at IMAC Regeneration Centers, which showed approximately 81% of IMAC patients reported improvement in movement, which is consistent with the data measured over the past three years. IMAC analyzed functional disabilities primarily affecting the knees, lower back, neck, shoulders, hips, legs and ankles. Data was collected from patients during initial examinations, re-examinations and at discharge intervals during patients' course of care. IMAC examined patient functional improvement following treatment at IMAC Regeneration Centers between 2017 and the first quarter of 2021 utilizing standardized disability indexes. A total of 875 patients with an average age of 72 years and receiving 80.7 days of treatment were evaluated with each patient receiving non-opioid medical treatments in combination with physical therapy. More than 81%, or 712, exhibited up to 79% improvement in functionality. For the study, 152 patients showed less than 1% change in functional ability, and only 11 patients regressed. In IMAC's analysis, the percentage of patients reporting improvement for each disability category was as follows: 81% of those treated for knee conditions, 80% of those treated for lower back conditions, 90% of those treated for neck conditions, 73% of those treated for shoulder conditions, 78% treated for hip conditions, 86% treated for leg conditions and 80% of those with ankle conditions. The average treatment duration was 80.87 days, and the average patient age was 72.2 years.
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HON | Hot Stocks09:03 EDT Honeywell's Ground-Based Augmentation System selected by San Francisco Airport - Honeywell's SmartPath Ground-Based Augmentation System technology will be installed by San Francisco International Airport to speed up flight times for airlines, reduce airplane fuel usage, and lower noise levels in neighborhoods around the airport. Honeywell SmartPath is the only globally certified solution for Ground-Based Augmentation Systems, or GBAS, that when adopted by airports can significantly reduce arrival delays and "circle around the airport" notifications passengers often get when airplane landings stack up. SFO joins Newark's Liberty Airport and Houston's George Bush Intercontinental Airport as the third U.S. airport to install the technology, with another nine major airports around the world. SmartPath transmits digital data to the aircraft to aid in precision navigation and create more direct flight paths to and from airports. Unlike the traditional Instrument Landing System, which supports a single precision approach to one runway end, Honeywell SmartPath can simultaneously provide up to 48 separate approaches covering all runway ends.
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PTQQD QIPT | Hot Stocks09:03 EDT Quipt Home Medical to begin trading on Nasdaq - Quipt Home Medical is pleased to announce the start of trading on The Nasdaq Capital Market under the trading ticker symbol "QIPT" at the market open today. The Company's common shares will continue to be listed on the TSX Venture Exchange under the symbol "QIPT".
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MRCY | Hot Stocks09:03 EDT Mercury Systems acquires Pentek for an all-cash purchase price of $65M - Mercury Systems announced that it has acquired Pentek Technologies and Pentek Systems. Pentek is a designer and manufacturer of software-defined radio and data acquisition boards, recording systems and subsystems for high-end commercial and defense applications. Under the terms of the purchase agreement, Mercury acquired Pentek for an all-cash purchase price of $65M, subject to net working capital and net debt adjustments. A portion of the acquisition is expected to be treated as an asset sale for tax purposes. The acquisition and associated transaction expenses were funded through a combination of cash on hand and Mercury's existing revolving credit facility. For Mercury's fiscal year ending July 1, 2022, Pentek is expected to generate revenue of approximately $20M with profit margins in line with Mercury's. The acquisition is expected to be immediately accretive to adjusted EPS.
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BURL | Hot Stocks08:58 EDT Burlington Stores sees FY20 total sales growth of 20% for FY, consensus $8.14B
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SMG BAYRY | Hot Stocks08:57 EDT Scotts Miracle-Gro welcomes Bayer announcement on potential Roundup changes - The Scotts Miracle-Gro Company (SMG) said it welcomes the opportunity to work with Bayer (BAYRY) regarding the future of glyphosate-containing Roundup products in order to ensure the brand's future in the consumer marketplace. "We are glad to hear Bayer's strong public commitment to the consumer market and Roundup's continued place in it," said Jim Hagedorn, chairman and chief executive officer of ScottsMiracle-Gro. "Roundup is an iconic brand in the lawn and garden industry and has been trusted by consumers for decades. We are confident there are several options, including the use of effective alternative active ingredients, to ensure that remains the case while continuing to meet the needs of homeowners and retailers." Hagedorn emphasized that ScottsMiracle-Gro remains committed as the marketing agent for Roundup. ScottsMiracle-Gro is not a party in the legal issues related to Roundup and through its Roundup agency agreement with Bayer has indemnity against such legal actions and related costs. In 2018, ScottsMiracle-Gro decided to provide consumers with a wider array of product options when it moved to create a full line of non-glyphosate products under the Ortho GroundClear brand. The GroundClear line has grown significantly in recent years. "We know many consumers have questions and concerns about many of the products they use around their home and our launch of the GroundClear line was designed to provide them more options," Hagedorn said. "GroundClear not only has proven to be an important consumer option but has enabled our retail partners to better meet the evolving needs of the marketplace and to position ScottsMiracle-Gro for continued success as the leader in the U.S. consumer lawn and garden market. In our role as leader in this industry, we look forward to working with our partners at Bayer on a solution that continues to enhance the position of Roundup in the marketplace as well."
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BURL | Hot Stocks08:57 EDT Burlington Stores sees 'flattish' comp sales for 2H
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BURL | Hot Stocks08:57 EDT Burlington Stores sees Q2 comp sales up 10% - Comments taken from Q1 earnings conference call.
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HYLN | Hot Stocks08:53 EDT Hyliion Holdings announces initial results from truck loan program - Hyliion Holdings announced initial results from a truck loan program launched in conjunction with Portland-based natural gas provider, NW Natural, which featured Hyliion's Hybrid CNG solution. As part of the program, Hyliion collaborated with NW Natural to equip a Freightliner Cascadia day cab with their Hybrid compressed natural gas solution, a self-charging powertrain that boosts performance by adding up to 120 horsepower to a Class 8 semi-truck-enough power to allow the vehicle to perform more like a diesel truck. The Hybrid CNG truck was loaned to three Oregon-area fleet operators-Baker Rock Resources, Tillamook County Creamery Association, and Calportland-over a three-week trial period. Each participant reported that the Hyliion Hybrid solution delivered more power, greater sustainability, and improved operating costs.
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AIM | Hot Stocks08:49 EDT AIM ImmunoTech announces two year extension of agreement with Shenzhen Smoore - AIM ImmunoTech announced that it has entered into a two-year extension of its Material Transfer and Research Agreement with Shenzhen Smoore Technology Limited, with the goal of developing Ampligen as a potential inhalation therapy for COVID-19 and potentially other respiratory viral diseases. AIM entered into the agreement on April 1, 2020, to study the utilization of an innovative Smoore inhalation delivery device and Ampligen as a potential treatment approach for the SARS-CoV-2 pandemic. On parallel paths, over the past year, Smoore has focused on the development of a personal inhalation device designed to administer Ampligen, given temperature parameters of dsRNA. Contemporaneously, AIM has studied the safety and efficacy of Ampligen using an ex vivo 3D model in primary human respiratory epithelial cells at Utah State University, which showed that Ampligen was able to decrease SARS-CoV-2 infectious viral yields by 90% at clinically achievable intranasal Ampligen dosage levels, and conducted intranasal safety testing. AIM hopes to commence inhalation safety testing before year-end.
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OMQS | Hot Stocks08:47 EDT Omniq receives purchase order to deploy PERCS Cloud-hosted Software - omniQ Corp announced the receipt of a Software as a Service recurring revenue agreement from ASPIS Parking to deploy its PERCS Cloud-hosted Software for Georgia State University. The agreement also includes deployment of multiple omniQ's eCite Pro enforcement vehicles, which includes omniQ's complete AI mobile Vehicle Recognition System, for enforcement of permit violations and citation issuance.
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CLSN | Hot Stocks08:46 EDT Celsion urges shareholders to vote at 2021 Annual Meeting - Celsion Corporation reminded stockholders that the virtual Annual Meeting of Stockholders is scheduled for Friday, June 4, 2021 at 10:00 a.m., Eastern Time and called on stockholders to vote to ensure that a quorum is present to hold the meeting. Stockholders holding common stock at the close of business on April 5, 2021 are entitled to vote at the meeting. Meeting materials, including the definitive proxy statement filed with the Securities and Exchange Commission on April 20, 2021, along with a proxy card, were mailed on April 21, 2021, to stockholders of record as of April 5, 2021 and made available at www.sec.gov. Since a majority of all shares outstanding is required, Celsion is specifically asking stockholders to follow the Board of Directors' recommendation to vote FOR Proposal #3 to increase the number of authorized shares of common stock. Proposal #3 involves an amendment to the Company's Certificate of Incorporation and therefore requires a majority of all shares outstanding to vote FOR this proposal in order for it to pass. ISS and Glass Lewis have both recommended that stockholders vote in favor of the Company's proposal to increase the number of authorized shares. There are four proposals to be voted on during the June 4th meeting. As stated in the Proxy, Proposal #3 is being presented to increase the number of shares of the Company's common stock authorized for issuance from 112,500,000 to 172,500,000. The Board of Directors believes that the increase in authorized common shares will provide the Company with the ability to support its future anticipated growth and would provide the Company with greater flexibility to consider and respond to future business opportunities and needs as they arise, including stock-based acquisitions of new technology and product development candidates and equity financings. The availability of additional shares of Common Stock would permit the Company to undertake certain of the foregoing actions without delay and expense associated with holding a Special Meeting of Stockholders to obtain stockholder approval each time such an opportunity arises that would require the issuance of shares of our Common Stock.
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QNTA | Hot Stocks08:43 EDT Quanta's Medolife Rx produces medical batch of escozine - Medolife Rx, which is a majority owned subsidiary of Quanta, announced that it successfully produced a pharmaceutical-quality batch of its lead drug candidate escozine through its production footprint in the Dominican Republic, or DR. The company is ready to submit the batch to the Ministry of Health, its next step in seeking approval for further clinical trials in the country. Through an exclusive relationship with the government of the DR, Medolife owns a scorpion reservation and research facility, as well as an extraction facility nearby where it is able to humanely extract the peptides used in escozine. After further building out and onboarding of essential staff, the company has successfully produced a full batch of escozine. This batch specifically ran for submission to the Ministry of Health in the DR. This is the next step in achieving approval from the regulatory body to continue clinical trials on escozineas a treatment for the SARS-CoV-2 virus. Once the batch is reviewed and the Medical Bioethics committee issues approval of the study's construct, Medolife plans to conduct a Phase III double-blind placebo clinical trial, seeking regulatory approval of the drug. Beyond its COVID-19 clinical program on Escozine, the product was also recently awarded product re-registration as an alternative medicine for the treatment of cancer. The company has conducted clinical studies on escozine as a therapeutic for both COVID-19 and multiple forms of cancer, including ovarian and bladder cancer. The company is currently awaiting a response on its pre-IND filing with the Food and Drug Administration, which it expects in mid-June 2021.
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OGS OKE | Hot Stocks08:43 EDT One Gas CEO Pierce Norton II to retire, effective June 27 - On May 25, One Gas (OGS) announced via a Form 8-K filed with the SEC the retirement of its president and CEO, Pierce Norton II, effective June 27. Commensurate with Norton's retirement date, he will also resign as a director of the ONE Gas Board of Directors. Norton has accepted the role of president and CEO of ONEOK (OKE) effective on June 28. The Corporate Governance Committee, led by Eduardo Rodriguez, has already begun taking the necessary actions to recommend Norton's replacement to the Board of Directors. Due to the board's established succession planning process which has been an ongoing and continuous part of the board's oversight, the board anticipates a decision and an announcement within a few weeks.
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ANF | Hot Stocks08:40 EDT Abercrombie & Fitch, The Trevor Project launch co-designed pride collection - Abercrombie & Fitch, a division of Abercrombie & Fitch, announces the launch of its 2021 Pride collection for both the Abercrombie & Fitch and abercrombie kids brands. The collection was co-created with The Trevor Project, the world's largest suicide prevention and crisis intervention organization for lesbian, gay, bisexual, transgender, queer and questioning young people. "Over the last nine months, Abercrombie & Fitch worked hand-in-hand with The Trevor Project to identify the prints, colors, fabrics, fits and technical details to bring this unique and celebratory collection to life. The 24-piece gender-inclusive adults collection, available in sizes XXS-XXXL, features t-shirts, shorts, hoodies, jackets, sandals, hats, socks and more, as well as an exclusive rainbow-clad pride edition of A&F's iconic fragrance, Fierce. The 11-piece gender-inclusive kids Pride collection is part of abercrombie kids' "everybody collection" and adds to the brand's Abercrombie Family initiative with unique mini-me styles so the whole family can celebrate together. The kids collection features t-shirts, hoodies, bucket hats, scrunchies, sunglasses and more," the company said. This year's Pride collection is available in stores for Pride Month and online throughout the year at abercrombie.com and abercrombiekids.com. In addition to the year-long roundup campaign, Abercrombie & Fitch will be making an initial $200,000 donation to The Trevor Project. Since the partnership began in 2010, Abercrombie & Fitch and its customers have donated more than $2M to The Trevor Project.
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EVOK | Hot Stocks08:40 EDT Evoke Pharma, EVERSANA launch social media campaign for Gimoti - Evoke Pharma and EVERSANA announced the launch of wave 1 of a social media campaign to reach patients directly with education about diabetic gastroparesis. The initial wave of this program launched with two Facebook pages, a Gimoti branded Facebook page and a diabetic gastroparesis community Facebook page called DGP-n-Me: Diabetic Gastroparesis Support.
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BBY | Hot Stocks08:39 EDT Best Buy: Revenue growth for first three weeks of Q2 up 30% - Comments taken from Q1 earnings conference call.
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PBH | Hot Stocks08:38 EDT Prestige Consumer to acquire portfolio of brands from Akorn for $230M in cash - Prestige Consumer Healthcare announced that it has entered into a definitive agreement to acquire a portfolio of over-the-counter consumer brands from specialty pharmaceutical company Akorn Operating Company for $230M in cash. The agreement is structured as an asset purchase that delivers anticipated tax benefits of ~$30M and expected annual EBITDA of $20M equating to a transaction valued at less than 10x pro-forma EBITDA. The transaction is estimated to add annual Revenues, Earnings Per Share and Operating Cash Flow of approximately $60M, 10c and $13M, respectively. The consumer product portfolio to be acquired from Akorn features the TheraTears eye care brand, which represents approximately 80% of portfolio revenues, as well as four other brands in the VMS and Cough & Cold categories. TheraTears is a doctor-created brand with heritage dating back to the mid-1970s when ophthalmologist Dr. Jeffrey Gilbard began research into treatment and relief of dry eyes. The brand has a strong and loyal user base for its products and participates in the fast-growing OTC "dry eye" segment. The TheraTears brand is well positioned with the mild and episodic dry eye consumer with a long track record of steady market share gains and revenue growth above the category. Furthermore, the portfolio complements Prestige's operational model with outsourced manufacturing and similar distribution characteristics to the Company's existing business. The brands are expected to be able to leverage existing infrastructure resulting in a timely integration. The Akorn portfolio has a solid financial profile of sales growth and margins consistent to Prestige's long-term growth targets and financial profile. The Company plans to finance the acquisition with a combination of funds from its existing credit facilities and available cash and expects the transaction would add approximately a half point to its leverage calculation at the time of the close. Prestige anticipates the FY22 year-end pro-forma leverage level will be below the FY21 year-end covenant-defined leverage ratio of 4.2x. Upon closing, the transaction is expected to be accretive to earnings per share and cash flow from operations, exclusive of transaction, integration and purchase accounting items. The transaction is expected to close during the fiscal second quarter, subject to customary closing conditions, including clearance under the Hart-Scott Rodino Antitrust Improvements Act of 1976.
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FCEL ENB | Hot Stocks08:38 EDT FuelCell Enbridge appoints Cynthia Hansen to board of directors - FuelCell Energy (FCEL) announced that its board of directors has appointed Cynthia Hansen to serve as a new independent director, effective May 25. Hansen is currently Executive Vice President and President, Gas Distribution and Storage at Enbridge (ENB). Cynthia serves on the boards of Energir the Ontario Energy Association and the Canadian Gas Association. Hansen's appointment expands the Board to six directors, five of whom are independent. She will be a member of the board's Executive, Nominating and Corporate Governance, Audit and Finance, and Compensation Committees.
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SLS | Hot Stocks08:36 EDT Sellas Life Sciences announces notice of allowance for patent covering GPS - SELLAS Life Sciences announced that the U.S. Patent and Trademark Office has issued a Notice of Allowance in a patent application covering the use of galinpepimut-S, the Company's Wilms Tumor-1 -targeting peptide immunotherapeutic, in combination with checkpoint inhibitor therapies for treatment of WT1-expressing cancers. The allowed claims of the patent application cover the use of GPS in combination with any antibody checkpoint inhibitor that blocks or inhibits programmed cell death protein 1, such as nivolumab and pembrolizumab. The allowed claims of the patent application also cover treating, reducing the incidence of, or inducing an immune response against any WT1-expressing cancer, such as ovarian cancer and MPM. This patent application covering the use of GPS in combination with checkpoint inhibitors will be the first granted within a patent family filed in several countries and will have a term that extends to at least 2036. The patent application is expected to be granted on June 15, 2021, as U.S. Patent No. 11,033,613.
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ELOX | Hot Stocks08:35 EDT Eloxx Pharmaceuticals receives award of $2.6M from Cystic Fibrosis Foundation - Eloxx Pharmaceuticals announced that the company has received an award of up to $2.6M from the Cystic Fibrosis Foundation. This award will help to identify optimized oral RMAs for further development in the treatment of cystic fibrosis patients with nonsense mutations. "We are honored to receive this funding from the Cystic Fibrosis Foundation in our ongoing commitment to identify and develop new treatments for CF. Their support of novel technologies enables critical research to advance and further evaluate the potential of the TURBO-ZM synthetic chemistry platform to develop a new class of therapies. We have tremendous confidence in the potential of RMAs designed with TURBO-ZM to treat rare genetic diseases," said Sumit Aggarwal, President and CEO. "In preclinical models, novel RMAs have demonstrated the potential for significant readthrough and functional activity."
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TDY | Hot Stocks08:35 EDT Teledyne Marine announces sale of two SeaRaptor 6,000m AUVs to Argeo - Teledyne Marine Vehicles, a business of Teledyne Technologies announced that Argeo of Norway, a newly listed company and growing subsea offshore service company, has procured two Teledyne Gavia SeaRaptor 6,000 meter rated Autonomous Underwater Vehicles The two SeaRaptor AUVs will contribute to Argeo's growing fleet of AUVs and will enable deep-sea surveys to the benefit of marine industries including offshore wind, aquaculture, deepsea minerals, and offshore oil & gas. The SeaRaptor 6000 AUVs will be equipped with the latest Kraken MinSAS 120 Synthetic Aperture Sonar providing large swath area coverage and high-resolution imagery and bathymetry data collection. The vehicles will also be fitted with Teledyne RESON T50-S Multi-Beam dual frequency 200/400 kHz Echo Sounders, Teledyne Benthos Chirp III Sub Bottom Profilers, iXblue PHINS 6000 INSs coupled to Teledyne RDI Tasman DVLs, and CathX Hunter Camera Systems. All data collected will be processed onboard using Teledyne CARIS OnBoard postprocessing and mosaicking software to allow quick turnaround during missions. The AUVs are also fitted with a large variety of scientific sensors from RBR which will take Conductivity, Temperature, Pressure, Turbidity, pH, Dissolved Oxygen, Redox, CH4 and Magnetic measurements to provide valuable water column data which will contribute to better ocean basin characterizations.
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NOTV | Hot Stocks08:34 EDT Inotiv announces purchase of St. Louis facility for $4.7M - Inotiv announced that the Company has completed the purchase of its previously leased St. Louis facility for approximately $4.7M. In early June 2021, the Company intends to commence construction on approximately 20,000 square feet of unfinished shell space at the 50,000 square foot facility, expanding the Company's capacity to serve its client base with more comprehensive and integrated service offerings. The expansion will include laboratories for increased drug metabolism & pharmacokinetics technology and capability, as well as a new cell and molecular biology suite capable of delivering in vitro solutions in pharmacology and toxicology. The Company will fund the purchase of the facility and expansion costs by proceeds from the public offering that the Company completed in April 2021, and a new $4.8M term loan from First Internet Bank.
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POWW | Hot Stocks08:33 EDT AMMO, GunBroker.com partner with Richard Childress Racing - AMMO is pleased to announce it has partnered with Richard Childress Racing to sponsor the Our Motorsports No. 23 Chevrolet driven this weekend by Ty Dillon in the NASCAR Xfinity Series race to be held at the Charlotte Motor Speedway.
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SAR | Hot Stocks08:33 EDT Saratoga Investment board increases quarterly dividend 1c to 44c per share - Saratoga Investment announced that its board of directors has declared a quarterly dividend of 44c per share for the fiscal quarter ended May 31, payable on June 29, to all stockholders of record at the close of business on June 15. This is an increase of 1c per share from last quarter. This is the second dividend declared in fiscal year 2022.
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EBET... | Hot Stocks08:31 EDT Esports Technologies adds Esports Games on Apple App Store - Esports Technologies (EBET) announced the availability of its new app, Esports Games, on the Apple (AAPL) iOS operating system and the Apple App Store. The app, officially launched earlier this week, provides tournament prediction and trivia games for esports fans and is now on both the Google (GOOG, GOOGL) Play and Apple App stores in the United States, United Kingdom, and Canada.
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TCBI | Hot Stocks08:30 EDT Texas Capital Bank appoints Don Goin as CIO - Texas Capital Bank, and its parent company Texas Capital Bancshares, announced the following leadership appointments: Joe Valenzuela as Senior Manager, Diversity, Equity, & Inclusion, effective May 19, 2021; Don Goin as Chief Information Officer, effective May 27, 2021; and Madison Simm as President of Mortgage Finance, following the retirement of Jack Nunnery, effective August 2, 2021. . As Vice President, Senior Manager, DEI, Mr. Valenzuela will work closely with the leadership team and the Company's DEI Council, and he will engage the Company's employees to accelerate its efforts to build a culture that embraces diverse voices and perspectives, and attracts world-class diverse talent. The Company's goal is to drive meaningful change for the good of society, its clients, and the organization. As Chief Information Officer, Mr. Goin will oversee the Company's sizeable technology organization, its long-term technological strategies, and the innovative solutions it provides its clients. He will oversee the Company's use of technology to execute its business strategy, drive agility, improve efficiency, and build an exceptional client digital experience. Simm, currently Mortgage Finance Executive Vice President at Texas Capital Bank, will succeed Mr. Nunnery as President of Mortgage Finance upon retirement. In this role, Mr. Simm will be responsible for overseeing all business solutions delivered through the bank's Mortgage industry vertical, including Warehouse Lending, Mortgage Specialty Lending, and Treasury and Liquidity. Valenzuela served as Executive Director of Diversity & Inclusion at Superior Review from October 2009 to October 2020. Goin has served as CIO and Director of T&O at Santander Consumer, Digital Operations Officer at Capital One Financial Services, and CIO at Capital One Auto Financing.
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LWAC | Hot Stocks08:30 EDT Locust Walk Acquisition Corporation (Class A Stock) trading resumes
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MDT | Hot Stocks08:29 EDT Medtronic 'comfortable' with Street consensus on Q1 revenue - Consensus is $7.84B.
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MDT | Hot Stocks08:28 EDT Medtronic sees 'strong' organic revenue acceleration in FY22
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OTLK | Hot Stocks08:27 EDT Outlook Therapeutics expects to initiate additional NORSE trials in late 2021 - The virtual Clinical Day concluded with an overview of the pre-commercialization initiatives that are underway in anticipation of a potential FDA approval in 2022. CCO Jeff Evanson detailed how Outlook Therapeutics is working to position ONS-5010, if approved, to address both unmet clinical and market needs. If approved, ONS-5010 is not only expected to provide retina patients with the safety and efficacy of an FDA-approved bevacizumab, but Outlook Therapeutics intends to work collaboratively with payors and the retina community to offer it at a responsible price that meets their needs while still delivering value to Outlook Therapeutics' shareholders. Mr. Evanson also discussed the potential value to clinicians and patients of providing ONS-5010 in a pre-filled ophthalmic syringe. "Assuming we receive FDA approval for ONS-5010 in 2022, we plan at that time to file a supplementary application for approval to provide the product in a pre-filled ophthalmic syringe; we would expect syringe approval within four to six months of that application submission. Based on our market research, we believe the retina community will welcome a pre-filled, silicone-free syringe that meets the strict specifications for ophthalmic use," said Mr. Evanson. Outlook Therapeutics has early launch planning well underway, including distribution, sales force planning, physician and patient outreach, key opinion leader support and payor community engagement. Outlook Therapeutics is also developing registration documents on a parallel path for approvals in Europe and expects to submit them shortly after completing the filing to the FDA. Mr. Evanson emphasized that while Outlook Therapeutics remains in discussion with potential strategic commercialization partners, particularly for European markets, Outlook Therapeutics is preparing to launch ONS-5010 in the United States by itself, pending FDA approval. The ONS-5010 BLA will be submitted to the FDA under the PHSA 351(a) regulatory pathway for new biologics, and if approved will have 12 years of exclusivity in the $13.1 billion global market for anti-VEGF retina therapies. In addition to pursuing approval for wet AMD, Outlook Therapeutics holds FDA SPA Agreement Letters from the FDA to conduct pivotal registration clinical trials for DME and BRVO. Outlook Therapeutics expects to initiate NORSE FOUR for BRVO and NORSE FIVE and NORSE SIX for DME in late 2021.
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OTLK | Hot Stocks08:25 EDT Outlook Therapeutics expects readout of data from NORSE TWO in Q3 - The company said, "For the past 15 years, major retinal diseases such as wet AMD, diabetic macular edema and branch retinal vein occlusion have been successfully treated with a class of medications called anti-VEGFs. Such retinal diseases are characterized by excessive growth of abnormal blood vessels under the retina, which if untreated leads to vision loss and even blindness. Anti-VEGF medications control this abnormal growth and have become the standard of care for treating these diseases Bevacizumab is an anti-VEGF drug that was developed for oncologic uses as an IV-administered drug known as Avastin, but it is not approved for ophthalmic use. Although there are three anti-VEGF drugs currently approved to treat ophthalmic disease, they are extremely expensive. As a result, physicians who wish to treat their retinal patients with a less expensive anti-VEGF drug often use unapproved repackaged IV bevacizumab from compounding pharmacists. ONS-5010, if approved, will be the first and only on-label ophthalmic formulation for the treatment of retinal diseases." The virtual Clinical Day opened with an in-depth discussion of Outlook Therapeutics' overall clinical program for ONS-5010. Of the three clinical trials that will form the data submission to the U.S. Food and Drug Administration for a new Biologics License Application in early 2022, two of them, NORSE ONE and NORSE THREE, have been completed. Topline results for ONS-5010 from the completed trials demonstrated positive proof-of-concept, anticipated safety and efficacy, and a safety profile consistent with that of prior published data on the use of bevacizumab for ophthalmic conditions. The remaining registration trial, NORSE TWO, is a Phase 3 trial that will provide pivotal data powered for statistical significance. Outlook Therapeutics expects to provide the topline readout of these data in the third calendar quarter of this year. COO Terry Dagnon commented, "In consultation with the FDA Ophthalmic Division, we have secured agreement to pursue an innovative clinical program as we move our investigational ophthalmic bevacizumab through its registration trials towards BLA filing. Based on the positive signals we have seen in NORSE ONE and NORSE THREE, we expect the data from NORSE TWO to show that ONS-5010 behaves the same as Avastin bevacizumab does, as reported in the seminal CATT study and other prior published research on ophthalmic use of bevacizumab. Our goal is to provide the retina community with an approved ophthalmic bevacizumab that avoids the known risks of the unapproved repackaged IV bevacizumab currently supplied by compounding pharmacies."
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OTLK | Hot Stocks08:22 EDT Outlook Therapeutics provides recap of virtual Clinical Day - Outlook Therapeutics hosted a virtual Clinical Day on May 20, 2021 to provide an update on the clinical progress of ONS-5010 for treatment of wet age-related macular degeneration. If approved, ONS-5010 will be the first and only ophthalmic formulation of bevacizumab approved to treat retinal conditions. The Outlook Therapeutics management team - Lawrence Kenyon, President, CEO and CFO, Terry Dagnon, COO, and Jeff Evanson, CCO - was joined by leading retina specialists Mark Humayun, MD, PhD, Medical Advisor to Outlook Therapeutics, and Firas Rahhal, MD, Senior partner at Retina-Vitreous Associates Medical Group and Associate Clinical Professor of Ophthalmology at the UCLA School of Medicine. "As we near the end of the ONS-5010 registration program, we are excited to share the continued clinical progress that will culminate with the topline readout of pivotal data in just a few months," said Mr. Kenyon. "Together with Drs. Humayun and Rahhal, both of whom are practicing retina surgeons and well-known authorities in the retinal community, we are confident that ONS-5010, if approved, will offer a valuable new treatment option to clinicians and their retina patients and address many of the shortcomings that currently exist in the treatment landscape for wet AMD."
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EGTYF | Hot Stocks08:20 EDT Eguana Technologies, FREYR sign MOU for joint development of battery modules - FREYR AS and Eguana Technologies have signed a Memorandum of Understanding for development of battery modules with superior cost and performance for Energy Storage Systems, including the supply of clean low-cost battery cells made with at FREYR's production facilities under development in Mo i Rana, Norway. Eguana, based in Calgary, Canada, designs and manufactures grid interactive ESS solutions based on proprietary power control technology for residential, commercial and industrial use. Under the MoU FREYR intends to engage Eguana in designing and producing cost-optimized, standardized battery modules utilizing FREYR's clean, low cost battery cells based on 24M's innovative cell design and production process. FREYR will also hold licensing rights to produce the Eguana developed modules for other customers. The new modules will be designed for easy integration into existing and new energy storage systems developed by third-party integrators, developers or power utilities. Eguana intends to integrate modules from FREYR into its range of ESS products over the next five years. Rystad Energy reported on May 14th that it modeled a roadmap to meet the latest climate ambitions in the USA and estimated that about 1800 GWh of batteries or flexible sources is needed to back-up solar and wind by 2030. On 29 January 2021, FREYR announced that it will become a publicly listed company through a business combination with Alussa Energy, raising approximately $850M in equity proceeds to accelerate the development of up to 43 GWh clean battery cell manufacturing capacity in Norway. Subject to closing conditions being met, the combined company will be named "FREYR Battery" and its common stock is expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021. On 16 February 2021, the extraordinary general meeting of FREYR approved the business combination. Alussa Energy expects its Special Meeting to approve the business combination to take place during the second quarter of 2021.
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VITFF | Hot Stocks08:17 EDT Victoria Gold announces normal course issuer bid - Victoria Gold announces its intention to complete a normal course issuer bid. The Company has received approval from the Toronto Stock Exchange to purchase for cancellation, from time to time over a 12-month period, common shares of the Company listed on the TSX in an aggregate amount of up to 3,122,493 Common Shares. Purchases for cancellation under the NCIB Program may commence on June 1, 2021 and will terminate on May 31, 2022 or on such earlier date as the NCIB Program is complete. Purchases of Common Shares under the NCIB Program will be made through the facilities of the TSX and other alternative Canadian trading systems, in accordance with the rules of the TSX. On the date of approval, the average daily trading volume of the Common Shares for the previous six calendar months was 266,191 Common Shares. Subject to the TSX's block purchase exception, on any trading day, purchases under the NCIB Program will not exceed 66,547 Common Shares. The price that the Company will pay for any Common Shares purchased under the NCIB Program will be the prevailing market price at the time of purchase. Any Common Shares purchased by the Company will be cancelled. As of May 25, 2021, there were 62,449,874 Common Shares issued and outstanding. The 3,122,493 Common Shares that may be repurchased under the NCIB Program represents 5% of the Common Shares issued and outstanding. The actual number of Common Shares repurchased under the NCIB Program and the timing of such repurchases will be at Victoria's discretion and shall be subject to the limitations set out in the TSX Company Manual. The board of directors of Victoria believes that the underlying value of the Company may not be reflected in the market price of the Common Shares from time to time and that, accordingly, the purchase of Common Shares will increase the proportionate interest in the Company of, and be advantageous to, all remaining shareholders of the Company. To the knowledge of the Company, no director, senior officer or other insider of the Company currently intends to sell any Common Shares under the NCIB Program. However, sales by such persons through the facilities of the TSX may occur if the personal circumstances of any such person change or any such person makes a decision unrelated to these purchases under the NCIB Program. If during the course of the NCIB Program, the Company becomes aware that such persons intend to sell their Common Shares then the Company will not intentionally acquire such Common Shares pursuant to the NCIB Program. The benefits to any such person whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased. Victoria has appointed BMO Nesbitt Burns Inc. to make any purchases under the NCIB Program on its behalf.
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FDS | Hot Stocks08:15 EDT FactSet joins Management Leadership for Tomorrow's latest cohort - FactSet announced it has joined national leadership nonprofit Management Leadership for Tomorrow's latest cohort of companies committed to becoming MLT Black Equity at Work Certified. MLT Black Equity at Work is a pioneering certification program that establishes a standard for employers to take an empirical, results-oriented approach to bolstering Black equity within their organizations. The initiative was instituted in 2020 and now includes more than forty industry-leading companies.
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OCCI | Hot Stocks08:15 EDT OFS Credit increases common stock distribution to 54c - OFS Credit announced that its Board of Directors has declared a 54c per share quarterly distribution, an approximate 2% increase from the prior quarter, for common stockholders for the quarter ending July 31. The distribution for common stockholders will be paid in cash or shares of our common stock at the election of stockholders. The total amount of cash distributed to all stockholders will be limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. "The remainder of the distribution will be paid in the form of shares of our common stock. The exact distribution of cash and stock to any given stockholder will be dependent upon his/her election as well as elections of other stockholders, subject to the pro-rata limitation. Management believes that the cash and stock distribution will allow the Company to strengthen its balance sheet and to be in position to capitalize on potential future investment opportunities. Management believes its commitment to strong, long-term performance is aligned with the interests of OFS Capital Management, our investment advisor who, together with other insiders, own approximately 10% of the Company's common stock," the company said in a statement.
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RIO | Hot Stocks08:14 EDT American Pacific says Rio Tinto commenced drilling at Madison Project - American Pacific Mining is pleased to announce that the Rio Tinto Group has commenced drilling at the Company's Madison Copper Gold Project, located in Montana, USA. The first diamond core drill arrived on site this week and began drilling the first targets. The Company's wholly-owned Madison Project is currently under an earn-in with an option to joint venture agreement, whereby Kennecott Exploration Company, part of the Rio Tinto Group, may spend $30M to earn up to 70%. The original drill plan called for both diamond drilling and reverse circular drilling. The plan has now been updated to accommodate two diamond drills. The total program will consist of up to 4,000 metres of drilling.
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CAPA | Hot Stocks08:10 EDT HighCape Capital reminds stockholders to vote for business combination - HighCape Capital Acquisition reminds its stockholders of record as of the close of business on May 10, 2021 to vote at the upcoming special meeting of stockholders held virtually at https://www.cstproxy.com/highcape/sm2021 on June 9, 2021 at 10:00 a.m. Eastern Time to approve the proposed business combination with Quantum-Si Incorporated, a company pioneering next-generation semiconductor chip-based proteomics. The business combination cannot be completed unless the proposal to approve the business combination receives the affirmative vote of a majority of the votes cast by HighCape stockholders present in person or represented by proxy at the Special Meeting and entitled to vote, the proposal to approve the amended and restated certificate of incorporation of HighCape is approved by the affirmative vote of holders of at least a majority of the outstanding shares of HighCape Class B common stock and a majority of the outstanding shares of HighCape common stock entitled to vote, voting as a single class, and the other required transaction proposals achieve the necessary vote. Every stockholder's vote is important, regardless of the number of shares held. HighCape requests each stockholder of record as of the close of business on May 10, 2021 who has not yet voted to complete, sign, date and return a proxy card to ensure that the stockholder's vote will be represented at the Special Meeting. To ensure that one's vote is received in time to be counted at the upcoming Special Meeting, please vote today by internet or phone following the instructions on the proxy card or voting instruction form.
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HZNP | Hot Stocks08:10 EDT Horizon Therapeutics initiates ADVANCE trial evaluating KRYSTEXXA - Horizon Therapeutics announced the first patient has enrolled in the ADVANCE trial evaluating the concomitant use of KRYSTEXXA with methotrexate for people with uncontrolled gout who were not able to achieve a complete response when previously treated with KRYSTEXXA monotherapy. For people with chronic gout refractory to conventional therapies, KRYSTEXXA offers a unique mechanism of action that converts urate into allantoin which can more easily and efficiently be excreted by the kidneys.1 Similar to other biologic medicines, patients on KRYSTEXXA monotherapy can develop anti-drug antibodies that prevent them from completing a full course of therapy. Increasingly, immunomodulating therapies, such as methotrexate, have been employed to help reduce the development of anti-drug antibodies.2 With this understanding, the ADVANCE trial will evaluate if repeating the course of KRYSTEXXA therapy with an immunomodulator as co-therapy may help more patients, who previously lost response with KRYSTEXXA monotherapy, to achieve a complete response. "We are acutely aware of the impact systemic urate deposition has on patients, notably the permanent damage to joints, bone erosion and the increased risk of kidney disease," said Orrin Troum, M.D., clinical professor of medicine and voluntary faculty member in the Division of Rheumatology at the Keck School of Medicine, University of Southern California and rheumatologist with Providence Saint John's Health Center in Santa Monica, California. "To help maximize treatment options, the ADVANCE trial incorporates insights from current rheumatology practice."
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LDOS | Hot Stocks08:09 EDT Leidos' QTC awarded FBI medical exams contract worth up to $110M - QTC Medical Services, a Leidos company, was recently awarded a new prime contract to provide fitness for duty medical exam services for Federal Bureau of Investigation employees and career applicants. The indefinite delivery, indefinite quantity contract was awarded by the FBI's Human Resources Division, Medical Operations and Readiness Unit. The single-award, firm fixed price contract has a maximum value of $110M if all options are exercised. It includes a 12-month base period of performance with four 12-month options.
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ALK | Hot Stocks08:09 EDT Alaska Air adds new service to Belize - Alaska Airlines is expanding its service to Belize beginning this fall. Starting Nov. 19, Alaska will fly nonstop from both Los Angeles and Seattle to Belize City, a new international destination. Seasonal service will operate four times a week between Los Angeles and Belize City, and twice weekly between Seattle and Belize City, beginning Nov. 19.
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NSPR | Hot Stocks08:09 EDT InspireMD announces warrant exchange listing transfer to Nasdaq - InspireMD announced the Company's warrants, NSPR.WS and NSPR.WSB, currently traded on the NYSE: American, have been approved for listing on The Nasdaq Capital Market. Trading is expected to begin on June 8, 2021, under the symbols NSPRW and NSPRZ on the Nasdaq.
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BLDE | Hot Stocks08:08 EDT Blade Air Mobility in pact with magniX to electrify Lima's seaplanes - Blade Urban Air Mobility announced an alliance whereby magniX USA ,a manufacturer in electric aviation, will supply its Electric Propulsion Units to Lima NY , one of Blade's largest aircraft operating partners, for the conversion of Lima's Blade-branded fleet of amphibious Cessna Caravans to all-electric aircraft starting in early 2023, subject to certain conditions. Blade is the exclusive platform for Lima flights offered to the public. Key routes include flights between the Blade Aqua Lounge at the East 23rd Street seaplane base in New York City, the eastern end of Long Island, New York, and the Blade Terminal in Nantucket, Massachusetts. Based on current estimates, the all-electric Caravans will operate emission-free at the same speed as the current generation turbine Caravans, with a significantly reduced noise footprint and lower operating costs. As part of the alliance, Lima will be the exclusive owner in the northeast United States of the supplemental type certificate STC for the conversion of the Caravan's current generation turbine engine to the magniX EPU. Blade President Melissa Tomkiel said, "Amphibious seaplane service has always been an essential part of our urban air mobility strategy, given the aircraft's unique ability to access city centers through conveniently located waterways, such as Manhattan's East River, as well as traditional airports. The electrification of our accessible fleet of Blade-branded aircraft, made possible through our alliance with magniX and Lima, one of our key operating partners, will further accelerate our transition to quiet, emission-free flight, allowing us to reduce the environmental and sound impact in and around the communities where we fly."
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NEXI | Hot Stocks08:08 EDT Neximmune announces formation of Scientific Advisory Board - NexImmune announced the formation of its Scientific Advisory Board. The SAB is comprised of distinguished academic leaders in the fields of immuno-oncology, immunology and T cell biology and their expertise spans the disciplines of basic research, translational science and clinical drug development. NexImmune's SAB members include: Jeff Weber, MD, PhD, Chair; Kevan Herold, MD, C.N.H.; Michelle Krogsgaard, PhD; Yi Lin, MD, PhD; Andreas Mackensen, MD; Marcela Maus, MD, PhD; Miguel Perales, MD; Anil Rustgi, MD; Jonathan Schneck, MD, PhD; David diCapua Siegel, MD, PhD; and Juan Varela, MD, PhD.
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UAL | Hot Stocks08:07 EDT United Airlines names Edward 'Ted' Philip as non-executive chairman of the board - United Airlines Holdings announced that Edward "Ted" Philip will assume the role of non-executive chairman of the board of directors. Philip has served as a United board member since 2016, and as lead director since May 2020. Philip brings nearly three decades of corporate leadership across several industries. Philip succeeds Oscar Munoz, who has served as executive chairman of the board of directors since May 2020, when he assumed the role and committed to serving in it for one year.
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MEDIF | Hot Stocks08:07 EDT Medipharm Labs launches CBD wellness oils in Quebec - MediPharm Labs announced it launched its first wellness products in Quebec and shipped its first order of premium CBD oils for retail sale to the Societe quebecoise du cannabis, the province's sole legal retailer for cannabis based products. MediPharm shipped its first order of its own MediPharm branded CBD oils - CBD 25 Regular Formula and CBD 50 Plus Formula - that will be for sale through the Societe quebecoise du cannabis' (SQDC) retail outlets and e-commerce platform. In Canada, in addition to Quebec, MediPharm Labs' cannabis products are available in Ontario, Nova Scotia, Alberta, British Columbia, Manitoba and Saskatchewan, with additional provinces expected to be added in 2021.
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GRWG | Hot Stocks08:06 EDT GrowGeneration appoints Paul Rutenis as Chief Merchant Officer - GrowGeneration appointed Paul Rutenis as Chief Merchant Officer, effective June 21. Rutenis' two-decade career in retail spans management positions at several large public companies, including Dicks Sporting Goods, West Marine, JC Penney, and RadioShack. Rutenis served as Executive Vice President at West Marine from 2015-2018.
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UCBI | Hot Stocks08:06 EDT United Community Banks, Aquesta Financial enter $131M merger agreement - United Community Banks and Aquesta Financial Holdings announced a definitive agreement for United to acquire Aquesta, including its wholly-owned subsidiary, Aquesta Bank. Aquesta is headquartered in Cornelius, North Carolina, a northern and fast-growing suburb of Charlotte, North Carolina situated on Lake Norman. It has a premier franchise with an experienced management team led by President and Chief Executive Officer Jim Engel, who founded Aquesta Bank in 2006. The bank's high-touch customer service is delivered to retail and business customers through a network of nine branches located in Charlotte's most attractive markets and also in the coastal city of Wilmington, North Carolina. Aquesta also has successful loan production offices in Raleigh, North Carolina, as well as Greenville and Charleston, South Carolina. As of March 31, 2021, Aquesta reported total assets of $752 million, with total loans of $576 million. Additionally, $586 million, or 92%, of its deposit base consists of non-CD core deposits. The transaction value is estimated at approximately $131 million, including approximately $12 million in value for outstanding options and warrants to acquire Aquesta common stock. The transaction structure includes an election for Aquesta stockholders to receive their consideration in cash, subject to a limitation that no more than 30% of the total consideration paid by United will be in cash. The stock portion of the merger consideration is based upon 0.6386 shares of United common stock being issued in exchange for each share of Aquesta common stock. The acquisition is expected to be accretive to United's earnings per share by approximately $0.06 to $0.09 in 2022, depending upon the mix of United shares and cash elected by Aquesta stockholders and is consistent with United's stated acquisition criteria pertaining to tangible book value and targeted internal rates of return. The transaction is expected to be completed in the fourth quarter of 2021 and is subject to customary conditions, including regulatory approval as well as the approval of Aquesta's stockholders.
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CP... | Hot Stocks08:06 EDT CP comments on CNI's commitment to divest KCS' New Orleans-Baton Rouge line - Canadian Pacific Railway (CP) issued the following statement in response to Canadian National's (CNI) commitment to divest Kansas City Southern's (KSU) line between New Orleans and Baton Rouge: "CN's commitment to divest this 70-mile line is clear recognition by CN that it and KCS have always been head-to-head competitors, contrary to CN's repeated claims that the combination was "end-to-end." However, CN's commitment does not come close to solving the anti-competitive problems inherent in the proposed CN/KCS transaction. In particular, this token divestment would not begin to address the competitive issues in the rail corridors running north from Louisiana and Mississippi through America's heartland, where KCS and CN have historically competed. It does not address many shippers and stations that are today served by both KCS and CN in markets like Omaha/Council Bluffs, Jackson, MS, Springfield, IL, and St. Louis. It does not address geographic competition between CN and KCS in numerous areas where each of them competes to handle similar commodities to/from different shippers, terminals, and transloads in the same region. And it does not address the impact a CN/KCS combination would have on customer access to CP routes serving the Upper Midwest and Canada. Rail customers in all of these situations likely would see reduced competitive options as well as reduced service quality and infrastructure investments as a result of the CN transaction. If this divestment occurred, it is not clear it would be effective even in addressing the loss of competition for shippers on KCS' line between Baton Rouge and New Orleans. CN offers no details regarding to whom and on what terms the divestment would be carried out, despite those details mattering to competition. And during the year and a half when CN would be seeking to close their acquisition of KCS, competition in this corridor would be diminished as CN and KCS managers each would know that their railroads' profits flowed to the same owner - CN. Furthermore, if CN is allowed to hold KCS in trust for the three-and-a-half years as it proposes - an arrangement that leaves CN the winner whether it competes or not - shippers will lose competition during that entire period regardless of the outcome of the Surface Transportation Board approval process. This goes directly to the concerns raised by the Department of Justice about incentives while in trust and, in our view, is inconsistent with the public interest."
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MDT | Hot Stocks08:05 EDT Medtronic plans to increase R&D spend by more than 10% in FY22 - Comments taken from Q4 earnings conference call.
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LWAC | Hot Stocks08:04 EDT Locust Walk Acquisition, eFFECTOR Therapeutics enter merger agreement - eFFECTOR Therapeutics and Locust Walk Acquisition Corp. announced they have entered into a definitive merger agreement. Upon closing of the transaction, anticipated to occur in the third quarter of 2021, the combined company will be named eFFECTOR Therapeutics, Inc. and will be led by Steve Worland, Ph.D., president and CEO. The combined company's common stock is expected to be listed on the Nasdaq Capital Market under the ticker symbol "EFTR". The transaction includes up to $175M in trust at LWAC and a concurrent, fully committed $60M PIPE financing of common stock issued at $10.00 per share from new and existing leading healthcare investors including founding Series A investors Abingworth, SR One, The Column Group and U.S. Venture Partners, as well as Altitude Life Science Ventures, Sectoral Asset Management, Pfizer Ventures, Alexandria Venture Investments, BioMed Ventures and Osage University Partners. Proceeds from the transaction are expected to provide eFFECTOR with the capital to further develop its pipeline, advancing it through multiple clinical milestones, including the following: Report topline data from the randomized Phase 2b KICKSTART clinical trial of eFFECTOR's lead product candidate, tomivorsertib, an oral small-molecule inhibitor of mitogen-activated protein kinases 1 and 2 1/2, in combination with pembrolizumab in metastatic non-small cell lung cancer, both in the frontline extension and frontline settings; this study is open for enrollment. Initiate multiple Phase 2a expansion cohorts for zotatifin, a small-molecule inhibitor of eIF4A, in patients with breast cancer and NSCLC in the second half of 2021. Support expansion of both tomivosertib and zotatifin into additional indications. Upon the closing of the business combination, and assuming no redemptions of shares of LWAC by its public stockholders, eFFECTOR would be expected to have cash resources of approximately $210M, and a total enterprise valuation of $419M. The boards of directors of both eFFECTOR and LWAC have unanimously approved the proposed transaction, which is expected to be completed in the third quarter of 2021. The closing of the transaction is subject to approval of LWAC shareholders and the satisfaction or waiver of certain other customary closing conditions.
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AFIB | Hot Stocks08:04 EDT Acutus Medical receives FDA approval to initiate Atrial Fibrillation IDE Trial - Acutus Medical announced FDA approval for the company to initiate its Atrial Fibrillation Investigational Device Exemption clinical trial for the AcQBlate Force Sensing Ablation Catheter and System. This trial is expected to enroll 350 subjects in leading centers globally and will evaluate the safety and efficacy of the system in the treatment of both paroxysmal and persistent atrial fibrillation. Designed specifically to provide consistent, effective therapeutic solutions during cardiac ablation procedures, the AcQBlate Force gold-tipped catheter and system shows physicians, in real-time, how much contact force is being applied to the heart during ablations. Studies have shown the utility of real-time contact force information in helping physicians guide safe and effective therapy, which may improve patient outcomes. The AcQBlate Force Catheter and System can operate both in a stand-alone manner or in conjunction with compatible 3D mapping systems. The new ablation system is comprised of Acutus' AcQBlate Force Catheter and Qubic Force module and seamlessly integrates with the Qubic RF generator and Qiona irrigation pump. This system received a key CE Mark in late 2020 and is now commercially available in Europe. In addition to ongoing US IDE and European commercial activities, the AcQBlate Force Catheter and System is planned to serve as the work-horse delivery platform for the company's Pulsed Field Ablation program. Enrollment for the AcQBlate Force AF trial is expected to begin in the second half of 2021, once participating sites gain necessary institutional review board approvals.
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LLY | Hot Stocks08:04 EDT Eli Lilly receives subpoena from DOJ regarding Branchburg manufacturing site - In a regulatory filing, Eli Lilly received a subpoena from the U.S. Department of Justice, or DOJ, requesting the production of certain documents relating to its manufacturing site in Branchburg, New Jersey. Lilly is cooperating with the investigation. Lilly had previously engaged external counsel to conduct an independent investigation of certain allegations relating to Branchburg. Lilly, through its counsel, is investigating these allegations.
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BTBT | Hot Stocks07:53 EDT Bit Digital extending gains after appointment of Brock Pierce to advisory board - Shares of Bit Digital are up another 14% in the pre-market following yesterday's 9.8% rally. Yesterday afternoon, the company announced the appointment of Brock Pierce, Chairman of the Bitcoin Foundation, to its advisory board and leadership team. Piece "has been involved in Bitcoin mining since its genesis days, acquiring a significant portion of the first batch of Avalons and ran KNC's China operation, one of the world's first large scale mining operations", the company states.
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MOTN | Hot Stocks07:51 EDT Motion Acquisition announces DocGo COVID test partnership with Barclays Center - Ambulnz, doing business as DocGo, a provider of last-mile telehealth and integrated medical mobility services that has entered into an agreement to merge with Motion Acquisition, announced an expanded partnership between its Ambulnz business and Barclays Center. As part of the transaction, Ambulnz will provide both pre-game rapid COVID testing and medical services to fans and staff, and first aid during home games and all concerts and events at Barclays Center.
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MRNA | Hot Stocks07:46 EDT Moderna highlights advances and innovative vaccine research at Science Day - Moderna announced new research being highlighted as part of the Company's fourth annual Science Day. Moderna's Science Day is designed to provide insight into the continued diverse efforts underway at Moderna to better understand how to use mRNA as medicines and vaccines and underscores the Company's continued commitment to basic science and innovation. Science Day gives us an opportunity to provide insights into the advancements in our platform science and our further understanding of how to use mRNA as both a vaccine and a medicine. Our investments in basic science continue to result in major steps forward in our platform's capabilities, and these have allowed us to open new therapeutic areas and new scientific directions," said Stephen Hoge, M.D., President of Moderna. "Our investments in platform research along with our digital backbone and manufacturing plants have enabled us to create first-in-class mRNA medicines and vaccines. Today, we're excited to highlight our work to identify and address SARS-CoV-2 variants of concern, optimize our proprietary lipid nanoparticle LNP technology, and deliver mRNA to hematopoietic stem cells."
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MRNA | Hot Stocks07:46 EDT Moderna highlights advances and innovative vaccine research at Science Day - Moderna announced new research being highlighted as part of the Company's fourth annual Science Day. Moderna's Science Day is designed to provide insight into the continued diverse efforts underway at Moderna to better understand how to use mRNA as medicines and vaccines and underscores the Company's continued commitment to basic science and innovation. Science Day gives us an opportunity to provide insights into the advancements in our platform science and our further understanding of how to use mRNA as both a vaccine and a medicine. Our investments in basic science continue to result in major steps forward in our platform's capabilities, and these have allowed us to open new therapeutic areas and new scientific directions," said Stephen Hoge, M.D., President of Moderna. "Our investments in platform research along with our digital backbone and manufacturing plants have enabled us to create first-in-class mRNA medicines and vaccines. Today, we're excited to highlight our work to identify and address SARS-CoV-2 variants of concern, optimize our proprietary lipid nanoparticle LNP technology, and deliver mRNA to hematopoietic stem cells."
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MRNA | Hot Stocks07:45 EDT Moderna highlights advances and innovative vaccine research at Science Day - Moderna announced new research being highlighted as part of the Company's fourth annual Science Day. Moderna's Science Day is designed to provide insight into the continued diverse efforts underway at Moderna to better understand how to use mRNA as medicines and vaccines and underscores the Company's continued commitment to basic science and innovation. Science Day gives us an opportunity to provide insights into the advancements in our platform science and our further understanding of how to use mRNA as both a vaccine and a medicine. Our investments in basic science continue to result in major steps forward in our platform's capabilities, and these have allowed us to open new therapeutic areas and new scientific directions," said Stephen Hoge, M.D., President of Moderna. "Our investments in platform research along with our digital backbone and manufacturing plants have enabled us to create first-in-class mRNA medicines and vaccines. Today, we're excited to highlight our work to identify and address SARS-CoV-2 variants of concern, optimize our proprietary lipid nanoparticle LNP technology, and deliver mRNA to hematopoietic stem cells."
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MRNA | Hot Stocks07:45 EDT Moderna highlights advances and innovative vaccine research at Science Day - Moderna announced new research being highlighted as part of the Company's fourth annual Science Day. Moderna's Science Day is designed to provide insight into the continued diverse efforts underway at Moderna to better understand how to use mRNA as medicines and vaccines and underscores the Company's continued commitment to basic science and innovation. Science Day gives us an opportunity to provide insights into the advancements in our platform science and our further understanding of how to use mRNA as both a vaccine and a medicine. Our investments in basic science continue to result in major steps forward in our platform's capabilities, and these have allowed us to open new therapeutic areas and new scientific directions," said Stephen Hoge, M.D., President of Moderna. "Our investments in platform research along with our digital backbone and manufacturing plants have enabled us to create first-in-class mRNA medicines and vaccines. Today, we're excited to highlight our work to identify and address SARS-CoV-2 variants of concern, optimize our proprietary lipid nanoparticle LNP technology, and deliver mRNA to hematopoietic stem cells."
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PLAN | Hot Stocks07:44 EDT Anaplan sinks 12% to $50 after Q1 results, departure of CFO
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DRNA LLY | Hot Stocks07:41 EDT Dicerna announces FDA acceptance of Lilly's IND application for LY3819469 - Dicerna Pharmaceuticals (DRNA) announced the U.S. Food and Drug Administration acceptance of the Investigational New Drug application filed by Eli Lilly (LLY)and Company for LY3819469, the second clinical-stage candidate to emerge from Dicerna's collaboration with Lilly. The IND milestone triggers a $10M payment to Dicerna and enables Lilly to initiate a Phase 1 clinical trial of LY3819469, an investigational GalXC RNAi candidate targeting the LPA gene as a potential treatment of cardiometabolic diseases."This milestone marks the second IND generated through our productive collaboration with Lilly," said Bob D. Brown, Ph.D., Chief Scientific Officer and Executive Vice President of R&D at Dicerna. "In addition to the two candidates now at clinical stage, there are so far, nine discovery research programs connected to this alliance, emphasizing Dicerna's and Lilly's shared commitment to bringing forward new RNAi-based therapies to treat a broad range of diseases." The IND filing for LY3819469 is the second development milestone achieved under a 2018 global licensing and research collaboration between Dicerna and Lilly focused on the discovery, development and commercialization of potential new therapies for cardiometabolic and neurodegenerative diseases and pain. This investigational cardiometabolic therapy and future therapies to emerge from the two companies' collaboration leverage Dicerna's proprietary GalXC RNAi technology platform. Under the agreement, Dicerna is eligible to receive up to $350M in development and commercialization milestones for each GalXC hepatocyte target and $355 million for each non-hepatocyte target, as well as tiered royalties ranging from the mid-single-digits to low double-digits on potential product sales.
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PLAN | Hot Stocks07:36 EDT Anaplan CFO David Morton, Jr. will step down - Anaplan also announced that Chief Financial Officer David H. Morton, Jr. will step down from his position later this year to spend more time with his family. Anaplan has initiated a search for its next CFO with the assistance of an external search firm, and Dave will continue in his role until his successor is hired. "On behalf of the Board and the leadership team, I thank Dave for his years of service to Anaplan and his many contributions to advance our finance organization. We wish him the best as we initiate the process to find Anaplan's next CFO," said Frank Calderoni, President and CEO of Anaplan. "It has been a privilege to work alongside so many talented people at Anaplan, and now is the right time to begin this transition," said Morton. "The need for scenario-based planning has never been greater and Anaplan is fully focused on executing against the opportunities ahead. I look forward to doing whatever I can to support Anaplan's path forward, including assisting with the search process."
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VRNOF | Hot Stocks07:36 EDT Verano Holdings opens 33rd MUV Dispensary in Florida - Verano Holdings announced the upcoming opening of its newest MundefinedV Dispensary at 18941 Old Shady Hills Road in Spring Hill, Florida. It is scheduled to open Friday, May 28, 2021 at 10:00am ET, pending all required approvals.
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FTRPF | Hot Stocks07:35 EDT Field Trip Health receives conditional approval to uplist to TSX - Field Trip Health is pleased to announce that it has received conditional approval to list its common shares and warrants on the Toronto Stock Exchange. The listing is subject to the company fulfilling certain requirements of the TSX in accordance with the terms of its conditional approval letter dated May 26, 2021. Field Trip is actively working to satisfy the requirements and conditions that were highlighted in the approval letter and management is confident that all conditions for listing will be met in the coming weeks. Upon obtaining final approval, the Company will issue an additional press release to inform shareholders when it anticipates that its common shares will commence trading on the TSX. Upon completion of the final listing requirements, the Company's common shares will be delisted from the CSE and commence trading on the TSX under the trading symbol "FTRP" and the warrants will trade under the symbol "FTRP-WT". The Company's shares will continue to trade on the OTCQX market under the symbol "FTRPF."
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IRDM | Hot Stocks07:34 EDT Iridium selected by Mayflower Autonomous Ship for real-time communications - Mayflower Autonomous Ship Transforms Ocean Science with the Help of Iridium(R) A new era of the connected ship to set sail - pioneering crewless voyage from Plymouth, England to Plymouth, Massachusetts to be kept connected by Iridium Certus(R) Iridium announced and partner Thales Group have been selected by the Mayflower Autonomous Ship as its Official Communications Partner, providing critical real-time communications for the fully autonomous transatlantic research vessel. Anticipated to set sail in Spring 2021, its first mission will be to take on the same transatlantic crossing of the original 17th century Mayflower, while gathering critical environmental data regarding climate change, ocean acidity, plastic pollution, marine mammal conservation, and more. In addition to its scientific mission, the crewless voyage will deliver important insights for the autonomous shipping movement underway in the maritime industry. Iridium is providing Iridium Certus weather-resilient broadband connectivity which can help remotely manage vessel operations. The autonomous shipping movement is expected to gradually evolve to both limited crew and crewless vessels as remote piloting systems and regulatory requirements are further developed. The Mayflower Autonomous Ship is an international effort led by marine research non-profit ProMare and IBM with support from partners around the world. In support of this mission, MAS is equipped with a Thales VesseLINK 700 terminal powered by Iridium Certus.
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OSIIF | Hot Stocks07:34 EDT Osino Resources reports drill results from Twin Hills Gold Project - Osino Resources is pleased to provide an update on drill results from its ongoing infill and expansion drill program at Osino's flagship Twin Hills Gold Project in the Erongo Region of Namibia. Results include a wide, high-grade intercept at Clouds East from a deeper hole below the pit shell. More than half of this intersected high-grade zone is outside of the current resource envelope, suggesting possible future incremental resource growth. The maiden resource was released on April 12th, 2021 including 0.43Moz @ 1.00g/t in the Indicated category and 1.47Moz at 1.08g/t in the Inferred category at a cut-off grade of 0.5g/t. The infill drill program is aimed at converting the bulk of the mineralization to the Indicated and Measured Categories and includes approximately 42,000m of drilling to be completed by July 2021. Further drilling is planned for the 2nd half of the year with the aim of delineating down-dip and strike extensions to the currently defined resource outline. A total of 37,107m of infill drilling has been completed since the program started in March 2021. This includes 14,620m of diamond core from 61 holes and 22,487m of reverse circulation from 163 holes. The program is being carried out on a staggered 50m x 50m pattern resulting in an effective maximum drill spacing of approximately 32m to 35m. This will result in conversion of a significant portion of the current Inferred resource to Indicated and Measured categories. There are currently 4 Reverse Circulation rigs drilling the holes of up to 220m in depth around the margins of the modelled pit at THC, Bulge and Clouds and 5 Diamond rigs drilling the infill and step-out holes of greater than 220m depth. The remaining infill drill meters will be completed by July 2021. The current assay turn-around time is approximately 2 months, therefore the last batches from the infill drill program are expected to be reported in September 2021. Assays received after the previous press release include an intercept at Clouds East from a deeper hole to the north and below the US$1700/oz pit shell. More than half of this intersected high-grade zone is outside of the current resource envelope, indicating possible future resource growth potential. It is now clear that the Clouds East high-grade shoot continues to depths beyond 250m although the assays of some of the deeper step-out holes, outside of the resource envelope, are still outstanding. Additional step-out holes are currently being planned around OKD142 to test the down dip and strike extensions of the mineralization. Other infill assays received in the Clouds area, including OKR282, confirm consistency and width of mineralization from surface to about 150m in depth, contained within the US$1700/oz pit shell. OKR275 is on the western margin of the Clouds deposit and indicates shallow high-grade mineralization in that area. Additional infill assays at Bulge and THC continue to produce consistent, wide mineralized intercepts. Infill holes OKR184, OKR220 and OKR273 all produced wide zones of mineralization as expected and confirm mineralization from surface just below the calcrete cover. Deeper infill holes at Bulge and THC are being drilled with diamond rigs to test down dip and deeper strike extensions of the orebody as expected from 3-D modelling and structural interpretation. The gap between Bulge and THC is steadily becoming smaller with more infill drilling and the latest results in the area include OKR274 with 60m @ 0.97g/t, including 9m @ 1.82g/t and 4m @ 2.14g/t. The gap is now down to less than 200m in strike length. A total of 18,549m of drilling has been completed to date on the brownfields targets. These targets are all within a 10km radius of the THC orebody and have not been tested previously. These assays have started to arrive and will all be reported in due course.
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PACX | Hot Stocks07:32 EDT Acorns Grow to become publicly traded company via Pioneer Merger Corp. merger - Acorns Grow Incorporated, a saving and investing app, has entered into a definitive business combination agreement with Pioneer Merger Corp, a publicly traded special purpose acquisition company. The combined company will continue as a publicly listed entity and have an expected pro forma fully-diluted equity value of approximately $2.2B, assuming no redemptions. Institutional investors including Wellington Management, Senator, Declaration Partners, Greycroft, The Rise Fund, TPG's global impact investing platform, and funds and accounts managed by BlackRock have participated. The oversubscribed, upsized PIPE was raised at $10.00 per share. The transaction is expected to close in the second half of 2021. Upon completion, the Company will operate as Acorns Holdings, Inc. and is expected to trade under the symbol "OAKS" on the Nasdaq Capital Market. The new Acorns will continue to be led by Noah Kerner, CEO, and the company's management team. As part of the merger, Kerner plans to contribute 10% of his personal ownership in Acorns to fund a novel program giving shares to eligible customers. Pioneer's sponsor is also planning to give 10% of its ownership in Acorns to this same program. The transaction has been unanimously approved by the boards of both Acorns and Pioneer and is expected to close in the second half of 2021, subject to approval by Pioneer's stockholders, the effectiveness of a registration statement to be filed with the SEC in connection with the transaction, and other customary closing conditions.
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PDSB | Hot Stocks07:32 EDT PDS Biotechnology establishes partnership with Head and Neck Cancer Alliance - PDS Biotechnology and the Head and Neck Cancer Alliance announced a partnership. This collaboration seeks to raise awareness of new and developing treatment options, including available clinical trials, for patients with HPV-attributed head and neck cancer diagnoses. Partnerships such as the one between PDS Biotech and HNCA are becoming more common in the patient advocacy and biotechnology spaces. By combining their efforts, partners can more efficiently spread the word about emerging treatments, clinical trials, and additional options for patients who may not have responded to traditional therapies. "Raising awareness of treatment options for patients and their families who are dealing with head and neck cancer that has returned or spread is critical," said Dr. Lauren Wood, Chief Medical Officer of PDS Biotech. "Treatment options for these patients can be limited and the search often expands to include investigational therapies being studied in clinical research. We're excited to partner with the HNCA to raise awareness of these options for patients and physicians."
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PACX | Hot Stocks07:31 EDT Acorns to come public via merger with Pioneer Merger Corp.
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NEPT | Hot Stocks07:17 EDT Neptune Wellness' cannabis brand PanHash now available in Quebec - Neptune Wellness launched PanHash in Quebec. PanHash, Neptune's cannabis brand, is launching two products with a high concentration of CBD: a cannabis oil and capsules. Neptune cannabis products are available for adult-use in Alberta, British Columbia and Ontario.
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MDCA | Hot Stocks07:16 EDT Mark Penn comments on pending Stagwell and MDCA combination - Stagwell Media released comments by Mark Penn, the CEO and Chairman of MDC Partners and the Managing Partner of Stagwell, highlighting the merits of the pending MDC and Stagwell combination. The comments were posted to BusinessWire and on LinkedIn. In his comments, Mr. Penn notes that, "The market has spoken: Stagwell and MDC Partners are better together" and that the "the combined entity has the prospect of strong growth and that growth can extend into the foreseeable future."
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SHGFF SLHG | Hot Stocks07:15 EDT Skylight Health announces date of Nasdaq Exchange listing - Skylight Health Group is pleased to announce that further to its press release dated May 13, 2021, it has received confirmation from The Nasdaq Stock Market that its common shares will be able to commence trading on the Nasdaq Capital Market during the week of June 7, 2021 under the symbol "SLHG", subject to the Company meeting the applicable bid price requirement for listing during the period beginning on the date of the Company's share consolidation on May 28, 2021 through the initial listing date. Skylight Health will retain its listing on The TSX Venture Exchange under the symbol "SHG". The Company will continue to trade to trade on the OTCQX under the symbol "SGHFF" until trading on the Nasdaq commences.
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ACB | Hot Stocks07:14 EDT Aurora Cannabis launches dedicated Science & Innovation business group - Aurora Cannabis announced the launch of a dedicated Science & Innovation business group, with the aim of commercializing patented and patent pending technology that the company believes will be key in the development of cannabinoid biosynthesis and plant genetics.
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ATEX NOK | Hot Stocks07:14 EDT Anterix, Nokia partner to offer private LTE across U.S. utility sector - Anterix (ATEX) and Nokia (NOK) announced an agreement designed to accelerate the deployment of 900 MHz private LTE across the U.S. utility sector. The companies will work together to combine Anterix's "beach-front" 900 MHz spectrum with Nokia's industrial-grade private LTE/4.9G wireless infrastructure so that utility companies can deploy private LTE solutions that support advanced communications. Nokia is also a charter member of the Anterix Active Ecosystem Program that brings together technology companies to support Anterix customers deploying and operating private LTE on 900 MHz. The joint solution will include the Nokia Digital Automation Cloud platform and Nokia Modular Private Wireless solution.
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BBY | Hot Stocks07:13 EDT Best Buy sees FY22 enterprise comparable sales up 3%-6% - Previous FY22 enterprise comparable sales view was down 2% to up 1%. Sees FY22 capital expenditures $750M-$850M. Sees FY22 gross profit rate 22.4%. Sees FY22 SG&A growth 6%-7%. Best Buy CFO Matt Bilunas said, "The year has clearly started out much stronger than we originally expected. The sales momentum is continuing into Q2 and we are raising our annual comparable sales growth outlook. As we think about the back half of this year, we expect shopping behavior will evolve as customers are able to spend more time on activities like eating out, traveling and other events. It is difficult to know exactly how that impacts our business, especially as we lap particularly strong sales in the back half of last year. Therefore, at this time, we are leaving our original FY22 back-half sales assumptions unchanged."
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CVS | Hot Stocks07:12 EDT CVS Health announces sweepstakes to encourage vaccinations - CVS Health announced that beginning June 1, eligible customers who received or plan to receive a COVID-19 vaccination through CVS Health may choose to enter the #OneStepCloser sweepstakes for an opportunity to win one of over a thousand fun and exciting prizes through weekly drawings and grand prizes over a six-week period.
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ONCR | Hot Stocks07:12 EDT Oncorus plans to file IND application for ONCR-021 in 2023 - Oncorus plans to file an investigational new drug, or IND, application for ONCR-021 in the first half of 2023 to enable clinical development for non-small cell lung cancer and other cancers such as hepatocellular carcinoma, clear cell renal cell carcinoma and melanoma, both as a single agent and in combination with immune checkpoint inhibitors. Following the IND filing for ONCR-021, Oncorus plans to file an IND for ONCR-788 to enable its development in small cell lung cancer, neuroendocrine prostate and other neuroendocrine cancers, both as a single agent and in combination with immune checkpoint inhibitors and other cancer treatments. In the process of developing ONCR-021 and ONCR-788, Oncorus also developed and optimized a proprietary LNP platform for delivery of large nucleic acids, with efficient endosomal escape. Oncorus will manufacture ONCR-021 and ONCR-788 at its 88,000 square foot process development and Good Manufacturing Practices manufacturing facility in Andover, Mass. With the site buildout underway, Oncorus plans to initiate process development activities at the facility in the second half of 2021 and anticipates this facility will be operational for GMP manufacturing in first half of 2023.
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ONCR | Hot Stocks07:12 EDT Oncorus announces nomination of synthetic vRNA immunotherapy product candidates - Oncorus announced the nomination of its first Synthetic viral RNA immunotherapy clinical candidates, ONCR-021 and ONCR-788. Oncorus' pioneering intravenous-administered approach involves encapsulating the genomes of RNA viruses known to kill cancer cells in a lipid nanoparticle, creating a Synthetic vRNA immunotherapy. ONCR-021 encodes an optimized strain of Coxsackievirus A21, and ONCR-788 encodes for a modified version of the Seneca Valley Virus. Both CVA21 and SVV have extensive clinical experience and favorable safety profiles when administered IV. Oncorus' novel Synthetic vRNA approach holds the potential for IV-administration and avoids the challenge of neutralizing antibodies seen in previous approaches with IV-administered OVs. Oncorus plans to investigate its novel Synthetic vRNA immunotherapies in multiple histologies including cancers of the lung both as monotherapy and in combination with immune checkpoint inhibitors and other cancer treatments.
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ATEX MSI | Hot Stocks07:11 EDT Anterix, Motorola Solutions announce private LTE Technology agreement - Anterix (ATEX) and Motorola Solutions (MSI) announced that they have entered into an agreement to facilitate the deployment of private LTE networks by utility companies as part of the sector's efforts to modernize the electric grid. The collaboration follows last year's announcement of Motorola Solutions' Private Broadband for Critical Infrastructure platform, and the FCC's Report & Order enabling the transitioning of the 900 MHz band to broadband. Motorola Solutions is also a charter member of the recently established Anterix Active Ecosystem Program that brings together technology innovators to support Anterix customers deploying and operating private LTE on 900 MHz.
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PRVB | Hot Stocks07:10 EDT Provention Bio: Nasdaq halts trading of company's stock - Provention Bio announced that Nasdaq has halted trading of the company's common stock. The U.S. FDA Endocrinologic and Metabolic Drugs Advisory Committee is meeting on 5/27 to discuss the Biologics License Application for teplizumab for the delay of clinical type 1 diabetes in at-risk individuals. The Advisory Committee meeting is scheduled to start at 9:00 a.m. ET.
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BBY | Hot Stocks07:10 EDT Best Buy sees Q2 enterprise comparable sales up 17% - Sees Q2 gross profit rate 22.9%. Sees Q2 SG&A growth of 20%.
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BWEN | Hot Stocks07:09 EDT Broadwind announces completion of at-the-market equity program - Broadwind announced the completion of its previously announced at-the-market equity program. On March 9, 2021, Broadwind announced that it had entered into an equity distribution agreement under which the Company may sell from time to time through Craig-Hallum Capital Group LLC up to $10M of common stock under the Company's effective "shelf" registration statement on Form S-3, including the related prospectus and prospectus supplement. As of May 26, 2021 the Company had sold an aggregate of 1.9 million shares of common stock, resulting in net proceeds of $9.7M, thereby completing the program.
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WHR | Hot Stocks07:08 EDT Whirlpool announces $15M investment in Tulsa, Oklahoma factory - Whirlpool announced it is investing $15M into its factory in Tulsa, Oklahoma as part of the company's ongoing efforts to further strengthen its U.S. manufacturing capabilities and bring even more innovation, top ranking consumer products and high-quality jobs to the region. In conjunction with its investment, Whirlpool will receive an additional $1M from the state of Oklahoma through its Business Expansion Investment Program. The plant produces freestanding and slide-in ranges under the Whirlpool, Amana, Maytag, KitchenAid and JennAir brands.
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QURE | Hot Stocks07:07 EDT uniQure says DSMB recommends proceeding with Phase I/II trial of AMT-130 - uniQure announced that the independent Data Safety Monitoring Board overseeing the Phase I/II clinical trial of AMT-130 for the treatment of Huntington's disease has met and reviewed safety data for the fully enrolled first cohort of ten patients. This data set included nine-month safety data from the first two enrolled patients, six-month safety data from the next two enrolled patients, and 30-day safety data on remaining six patients in the trial. The DSMB recommended continued dosing in the study, and uniQure will now begin to enroll patients in the higher-dose cohort of the trial. The Phase I/II study is a double-blind, randomized clinical trial being conducted in the United States. To date, six patients have been treated with AMT-130, and four patients received the imitation surgery.
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SEEL | Hot Stocks07:07 EDT Seelos Therapeutics receives European Orphan Drug Designation for SLS-005 in ALS - Seelos Therapeutics announced it has received European Orphan Drug Designation for SLS-005 in amyotrophic lateral sclerosis from the European Medicines Agency Committee for Orphan Medicinal Products. Under orphan designation in the European Union, Seelos stands to benefit from several incentives such as protocol assistance, reduced regulatory fees and market exclusivity.
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CNCE | Hot Stocks07:06 EDT Concert Pharmaceuticals initiates THRIVE-AA2 trial - Concert Pharmaceuticals announced it has initiated THRIVE-AA2, the second planned Phase 3 clinical trial to evaluate the efficacy and safety of CTP-543, an oral Janus kinase inhibitor, in adult patients with moderate to severe alopecia areata. The company expects to report topline results from THRIVE-AA2 in the second half of 2022. Under current timelines, the company believes that results from two Phase 3 trials could serve as the basis for submitting a new drug application to FDA in early 2023 for CTP-543 for the treatment of moderate to severe alopecia areata in adult patients.
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DTIL | Hot Stocks07:06 EDT Precision BioSciences appoints Alex Kelly as CFO - Precision BioSciences announced the appointment of Alex Kelly as Chief Financial Officer. Alex joined Precision BioSciences in October 2020 as Chief Corporate Affairs Officer and has served as the company's Interim Chief Financial Officer since December 2020. He will continue to serve as the company's principal financial officer, reporting directly to Matt Kane, Chief Executive Officer and oversee the company's finance, corporate communications, and investor relations functions. Shane Barton, the Company's Vice President and Corporate Controller, has been serving as interim principal accounting officer and will now serve as principal accounting officer, continuing to report to Alex.
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DVAX | Hot Stocks07:05 EDT Dynavax announces pact with Bavarian Nordic for commercialization of HEPLISAV B - Dynavax announced it has entered into a commercialization agreement with Bavarian Nordic for the marketing and distribution of HEPLISAV B in Germany with an expected launch in the fourth quarter of 2021. In February 2021, the European Commission granted marketing authorization for HEPLISAV B for the active immunization against hepatitis B virus infection caused by all known subtypes of hepatitis B virus in adults 18 years of age and older. HEPLISAV B is the only U.S. FDA and EC approved hepatitis B vaccine for adults with a two-dose regimen that is completed in one month.
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CBWTF | Hot Stocks07:05 EDT Auxly Cannabis to sell KGK Science to Myconic for up to C$16.5M in value - Auxly Cannabis Group announced that it has entered into a definitive agreement with Myconic Capital Corp., pursuant to which Myconic will acquire all of the issued and outstanding shares of KGK Science for up to C$16.5M in value comprised of: C$12.5M purchase price from Myconic in the form of: C$1.5M in cash payable on the closing date of the Transaction; C$1M in cash payable six months after the closing date of the Transaction; and C$10M in common shares in the capital of Myconic at a price per Myconic Share of C$1.55 all to be issued on the closing date of the Transaction, with equal tranches becoming freely tradeable on the four, six, nine and 12 month anniversaries of the closing date of the Transaction; C$1.5M milestone payment, payable in cash or Myconic Shares, at the option of Myconic, if KGK achieves gross revenues of C$8M in any 12-month period during the two years following the closing date of the Transaction; and C$2.5M credit against future KGK services, reflected in a 10-year service agreement between Auxly and KGK. The Transaction is expected to close on or around the week of June 7, 2021 and is subject to customary closing conditions and regulatory approvals, including the approval of the NEO Exchange. With the sale of KGK, Auxly gains additional liquidity to support the Company's ongoing commercial operations as it continues to expand its product offering in Canada and execute on its business strategy.
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LNTH | Hot Stocks07:04 EDT FDA approves Lantheus' PYLARIFY, an F 18-labeled PSMA - Lantheus Holdings announced that the U.S. Food and Drug Administration has approved PYLARIFY, an F 18-labeled prostate-specific membrane antigen (PSMA) targeted positron emission tomography imaging agent to identify suspected metastasis or recurrence of prostate cancer. PYLARIFY is the first and only commercially available approved PSMA PET imaging agent for prostate cancer. The product will be immediately available in parts of the mid-Atlantic and southern regions and availability is expected to rapidly expand over the next six months with broad availability across the U.S. anticipated by year end. "The FDA approval of PYLARIFY is a significant milestone for Lantheus and the prostate cancer community in the United States. We believe PYLARIFY represents a paradigm shift in the identification and management of patients with suspected metastasis or recurrent prostate cancer, providing more accurate and earlier detection of disease than conventional imaging so that doctors, along with patients and their families, can make more informed treatment decisions," said Mary Anne Heino, President and Chief Executive Officer of Lantheus. "I would like to thank the patients who participated in our clinical trials, the study investigators and our employees, whose efforts made this achievement possible."
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BYND | Hot Stocks07:04 EDT Beyond Meat introduces first value 6-pack of Beyond Burger in Canada - Beyond Meat announced the launch of the first value 6-pack of its Beyond Burger in Canada. Major grocery stores across Canada now carry the 6-pack of delicious plant-based burger patties. "As the weather warms up and Canadians fire up their grills for backyard BBQs, we are excited to launch the Beyond Burger 6-pack nationwide at a more affordable price point, enabling Canadians to Eat What You Love while enjoying the nutritional and environmental benefits of plant-based protein," said Heena Verma, Marketing Director, Canada, Beyond Meat. "And a juicy, chargrilled plant-based burger with an ice-cold beer is the ultimate Canadian summer combo, so we are thrilled to partner with popular Canadian brewery Collective Arts Brewing to celebrate this launch."
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DG | Hot Stocks07:04 EDT Dollar General CEO says Q1 results 'exceeded our expectations' - "We are pleased with our strong start to fiscal 2021, and I want to thank our associates for their unwavering commitment to supporting our customers, communities, and each other," said Todd Vasos, Dollar General's CEO. "As a testament to their efforts, our first-quarter results exceeded our expectations, reflecting strong underlying performance across the business, which we believe was enhanced by the most recent round of government stimulus payment. Given our first-quarter outperformance, we are raising our financial outlook for fiscal 2021." "During the first quarter, we executed more than 800 real estate projects, including new store openings in our pOpshelf and larger footprint Dollar General formats. In addition, we remained focused on serving our customers, while further advancing our key strategic initiatives. Looking ahead, we are excited about our plans and believe we are well-positioned to continue delivering long-term sustainable growth and value for our shareholders."
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DG | Hot Stocks07:02 EDT Dollar General raises FY21 share repurchase view to $2.2B from $1.8B - In addition, the company continues to expect capital expenditures, including those related to investments in the company's strategic initiatives, in the range of $1.05B-$1.15B. The company is also reiterating its plans to execute 2,900 real estate projects in fiscal year 2021, including 1,050 new store openings, 1,750 store remodels, and 100 store relocations.
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TELL | Hot Stocks07:01 EDT Tellurian and Gunvor sign 10-year LNG agreement for 3M tons per annum - Tellurian and Gunvor Singapore announced a liquefied natural gas sales and purchase agreement for 3M tons per annum for a ten year period, indexed to a combination of two indices; the Japan Korea Marker and the Dutch Title Transfer Facility, netted back for transportation charges. The LNG would be delivered free on board from Tellurian's Driftwood LNG, a 27.6 mtpa liquefaction facility proposed near Lake Charles, Louisiana. At current LNG prices, this agreement represents the equivalent of approximately $12B in revenue over the 10-year term of the agreement.
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PRVB | Hot Stocks07:00 EDT Provention Bio trading halted, news pending
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VSTA | Hot Stocks06:59 EDT Vasta Platform acquires Redacao Nota 1000 - Vasta Platform, through its wholly-owned subsidiary Somos Sistemas de Ensino, acquired Nota 1000 Servicos Educacionais. Redacao Nota 1000 provides individual and automated essay review services, through a license of its "software as a service" platform. Founded in 2014, Redacao Nota 1000 has provided services to over 270 schools and 700,000 students, with more than 1.3 million essays reviewed. Redacao Nota 1000 expects to record net revenue of R$4.9M in 2021.Redacao Nota 1000 will also provide significant product enhancement for core brands with the incorporation of Redacao Nota 1000 solutions for reviewing essays within Vasta's K-12 school platform.
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GRBK | Hot Stocks06:54 EDT Green Brick acquires ten communities in Dallas-Fort Worth and Atlanta - Green Brick Partners announced the acquisition and development of ten communities across Dallas-Fort Worth, Texas, and Atlanta, Georgia for over 6,000 homes. The ten new neighborhoods will feature homes from Green Brick Partners subsidiary builders Trophy Signature Homes, CB JENI Homes, Southgate Homes, Centre Living homes, and Normandy Homes in Texas, as well as The Providence Group in Georgia.
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TPX | Hot Stocks06:53 EDT Tempur Sealy to acquire Dreams for $475M, sees accretion - Tempur Sealy announced it has executed an agreement to acquire Dreams, the specialty bed retailer in the United Kingdom, primarily from an affiliate of Sun Capital Partners. The transaction price is approximately $475M, less net debt and any working capital deficit, and the transaction is expected to be accretive to Tempur Sealy's EPS by approximately 20c before synergies in the first year post-acquisition.Dreams has developed a multi-channel sales strategy, with over 200 brick and mortar retail locations, an online channel, as well as manufacturing and delivery assets. Dreams generated sales of approximately $400M and EBITDA of approximately $75M for the year ending December 31, 2020. Dreams is expected to generate annual sales of approximately $450M in the first year post-acquisition. Dreams will be operated as an independent business unit and led by the current management team. It is expected to complement the company's existing UK Tempur operations and its recently-formed Sealy UK joint venture operations. After the transaction closes, Tempur Sealy's annualized worldwide direct-to-consumer business is expected to reach $1B in sales and its international segment will represent over 20% of consolidated sales. The transaction will be financed through a combination of cash on hand and bank borrowings. The company's pro forma leverage is expected to be slightly less than 2 times adjusted EBITDA as defined in the company's credit agreement. The transaction is expected to close in Q3, subject to receipt of regulatory approval from the UK Financial Conduct Authority.
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NVS | Hot Stocks06:51 EDT Novartis announces start of EMPATHY trial for ensovibep in COVID-19 - Novartis and Molecular Partners announced the start of the clinical trial EMPATHY, a Phase 2 and 3 study, to explore the use of its novel DARPin therapeutic candidate ensovibep for the treatment of COVID-19. Novartis will conduct the clinical trial program for ensovibep, with Molecular Partners as sponsor of the studies. In March 2021, Molecular Partners reported positive initial Phase 1 results in healthy volunteers. The EMPATHY clinical trial program is investigating the safety and efficacy of ensovibep in patients with COVID-19, who are in the early stages of infection, to prevent worsening symptoms and hospitalization. The study will enroll 400 patients in Phase 2 to identify a dose with optimal safety and activity, with initial results anticipated in August 2021. At that point Phase 3 will move ahead with an additional 1,700 patients with results anticipated in H1 2022. Those eligible for the EMPATHY trial are adults, over the age of 18, with a positive SARS-CoV-2 antigen test and who are experiencing at least two pre-determined mild/moderate symptoms of COVID-19 within 7 days of their diagnosis. "If the initial EMPATHY trial results are convincing, this would pave the way for Novartis to seek expedited approval via the FDA's Emergency Use Authorization," the company said.
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MDT | Hot Stocks06:50 EDT Medtronic increases quarterly cash dividend to 63c per share - Medtronic announced that the Medtronic board of directors approved an increase in Medtronic's cash dividend for Q1, raising the quarterly amount to 63c per ordinary share. This would translate into an annual amount of $2.52 per ordinary share, a 9% increase from the prior $2.32.
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BURL | Hot Stocks06:50 EDT Burlington Stores CEO says 'we are pleased with our first quarter results' - Michael O'Sullivan, CEO, stated, "We are pleased with our first quarter results. There were numerous factors that contributed to improved traffic and consumer spending in the quarter - including the latest stimulus checks, the pace of the vaccine roll-out, and pent-up consumer demand. We were able to chase the very strong trend and maximize our share of this sales opportunity through strong execution of our Burlington 2.0 strategies." O'Sullivan continued, "The second quarter is off to a good start, but the go-forward sales trend remains very difficult to predict. Meanwhile, expense headwinds in supply chain and freight have continued to deteriorate, and these are likely to weigh on our operating margin throughout the balance of the year."
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BURL | Hot Stocks06:49 EDT Burlington Stores reports Q1 gross margin 43.3% vs. 41% in 1Q19 - An increase of 230 basis points.
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BURL | Hot Stocks06:47 EDT Burlington Stores sees FY21 CapEx $470M - Given the uncertainty surrounding the pace of the recovery of consumer demand and the ongoing COVID-19 pandemic, the company is not providing sales or earnings guidance for Fiscal 2021. The company is updating the following Fiscal 2021 guidance items: Capital expenditures, net of landlord allowances, is expected to be approximately $470M; The company expects to open 100 new stores, while relocating or closing 25 stores, for a total of 75 net new stores in Fiscal 2021; Depreciation & amortization, exclusive of favorable lease costs, is expected to be approximately $260M; Interest expense is now expected to be approximately $68M, subject to the successful redemption described above of the $300M outstanding of our Senior Secured Notes; and The effective tax rate is now expected to be approximately 23% to 24%.
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SNY GSK | Hot Stocks06:45 EDT Sanofi, GSK initiate Phase 3 clinical efficacy study of COVID vaccine candidate - Sanofi (SNY) and GlaxoSmithKline (GSK) started enrolment in their Phase 3 clinical study to assess the safety, efficacy and immunogenicity of their adjuvanted recombinant-protein COVID-19 vaccine candidate. The global randomized, double-blind, placebo-controlled Phase 3 study will include more than 35,000 volunteers aged 18 and older from several countries, including sites in the US, Asia, Africa and Latin America. The primary endpoint of the study is the prevention of symptomatic COVID-19 in SARS-CoV-2 naive adults, with secondary endpoints being the prevention of severe COVID-19 disease and prevention of asymptomatic infection. In a two-stage approach, the study will initially investigate the efficacy of a vaccine formulation targeting the original D.614 virus, while a second stage will evaluate a second formulation targeting the B.1.351, or South African, variant. The design of the Phase 3 study, conducted across a broad diversity of geographies, also allows evaluation of the efficacy of the candidate against a variety of circulating variants. "We are encouraged to see first vaccinations starting to take place in such an important, pivotal Phase 3 study, as we believe that our unique technology platform will provide a clinically-relevant vaccine option. We have adapted our vaccine development strategy based on forward-looking considerations as the virus continues to evolve, as well as anticipating what may be needed in a post-pandemic setting," said Thomas Triomphe, Executive Vice President, Global Head of Sanofi Pasteur.
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DLR | Hot Stocks06:40 EDT Digital Realty opens new data center in downtown Toronto - Digital Realty announced the opening of its latest North American data center in downtown Toronto, opening up 800kw and 6,900 square feet of new colocation facilities at the heart of a connected data community. The new YYZ12 data center, Digital Realty's third data center in Greater Toronto, will be fully interconnected with redundant dark fiber paths to Digital Realty's TOR1 data center in Vaughan.
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ETWO | Hot Stocks06:39 EDT E2open sees mid-teens FCF per share accretion from BluJay deal in year one - Transaction highlights: Increased scale as the pro forma company expects to deliver annualized pro forma revenue of over $550M and adjusted EBITDA greater than $200M post completion of the combination and the realization of acquisition-related cost synergies. The combined company will deliver pro forma organic revenue growth greater than 10% in fiscal year 2023. E2open expects mid-teens FCF per share accretion on a pro forma basis over the next 12 months. $20M of projected run-rate cost savings, reflecting 5% of combined company costs. Accelerates organic revenue growth and higher net retention post combination due to significant cross-sell opportunities.
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TD | Hot Stocks06:35 EDT Toronto-Dominion reports Common Equity Tier 1 Capital ratio 14.2%
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TD | Hot Stocks06:35 EDT Toronto-Dominion CEO calls Q2 results 'strong' - "TD reported strong results in the second quarter, reflecting the underlying strength of our diversified businesses, improving economic conditions and our prudent approach to managing risk," said Bharat Masrani, Group President and CEO, TD Bank Group. "We continued to invest in our people, capabilities and technology to position our business for growth as economies re-open and consumer and business activity recovers." "While we are encouraged by the progress being made on vaccinations, COVID-19 continues to be a factor in our lives and our focus remains on the safety of our people and on supporting the evolving needs of our customers and clients," added Masrani. "As we look toward the future, we will continue to advance our strategy and contribute to a robust and inclusive recovery, guided by our purpose to enrich the lives of our customers, colleagues and communities."
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AMWD | Hot Stocks06:34 EDT American Woodmark authorizes stock repurchase program of up to $100M - American Woodmark authorized a stock repurchase program of up to $100M of the company's outstanding common shares. In conjunction with this authorization, the Board of Directors cancelled the $50M existing authorization, of which the company had repurchased $20M in 4Q21.
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ETWO | Hot Stocks06:33 EDT E2open to combine with BluJay Solutions in $1.7B deal - E2open Parent Holdings announced that it will acquire BluJay Solutions, a cloud-based, logistics execution platform. Based on the price of E2open's Class A Common Stock at May 25, market close, the stock and cash transaction is valued at approximately $1.7B. Pursuant to the purchase agreement, E2open will acquire BluJay Solutions for an aggregate of 72.4M shares of Class A Common Stock and ~$760M of cash, which includes the repayment of debt, subject to adjustments for certain items enumerated in the purchase agreement. Based on the price of E2open's Class A Common Stock at May 25 market close, the stock and cash transaction is valued at approximately $1.7B. The actual transaction value will change based on fluctuations in the price of E2open's common stock, and is subject to certain adjustments as set forth in the purchase agreement. As a result, current BluJay shareholders will hold approximately 22% pro forma ownership of E2open following the consummation of the transaction. Certain of BluJay's current shareholders, Francisco Partners and Temasek, will have the right to appoint one director each to the E2open board following closing subject to the terms of the agreement. In order to finance the transaction, E2open has secured $300M in a common equity PIPE from institutional investors including Neuberger Berman, The WindAcre Partnership, Eminence Capital and XN, and a $380M fully committed incremental tack-on to its first lien term loan. Pro forma net leverage is expected to be approximately 4.1x fiscal year 2022 EBITDA at closing and approximately 3.5x by the end of fiscal year 2022. The transaction was unanimously approved by E2open's board of directors and is expected to close during the calendar year third quarter of 2021 subject to regulatory approvals, required approval of E2open shareholders and other customary closing conditions.
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ETWO | Hot Stocks06:30 EDT E2open to combine with BluJay Solutions in $1.7B deal
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TSLA | Hot Stocks06:25 EDT Tesla has installed 200,000 Powerwalls around the world - Tesla has installed 200,000 Powerwalls, the company's home battery storage product, around the world, the company said in a tweet on Wednesday. Reference Link
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BAYRY | Hot Stocks06:18 EDT Bayer to rethink Roundup formula for U.S. residential market - Bayer announced a series of actions it plans to implement following the denial of the motion to preliminarily approve the Roundup class settlement agreement, designed to address potential future litigation, by Judge Vince Chhabria of the U.S. District Court for the Northern District of California. The new package of measures, which combine a number of legal and commercial actions, is designed to help the company achieve a level of risk mitigation that is comparable to the previously proposed national class solution. "The court's decision closes the door on an MDL court-supervised national class solution to manage potential future litigation, which would have been the fairest, most efficient mechanism for all parties. Still, we have legal and commercial options that together will achieve a similar result in mitigating future litigation risk, and we will pursue them as quickly as possible." The five-point plan includes: Creation and promotion of a new website with scientific studies relevant to Roundup's safety, and a request that EPA approves corresponding language on Roundup labels. While the company will remain in the residential lawn and garden market, it will immediately engage with partners to discuss the future of glyphosate-based products in the U.S. residential market, as the overwhelming majority of claimants in the Roundup litigation allege that they used Roundup Lawn and Garden products. The company will explore alternative solutions aimed at addressing potential future Roundup claims. The company will continue to be open to settlement discussions, as long as claimants are qualified and resolutions can be reached on appropriate terms. Reference Link
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CYDY | Hot Stocks06:06 EDT CytoDyn's Brazilian partner submitting Phase 3 leronlimab authorization - CytoDyn's Brazilian distribution partner, Biomm, plans to submit an authorization request to the Brazilian National Health Surveillance Agency in the next few days to conduct two Phase 3 clinical trials of leronlimab in Brazil for COVID-19. The two Phase 3 trials consist of trials for each severe and critically ill COVID-19 patients. The COVID-19 trials in Brazil are intended to provide ANVISA with the requisite data to consider advancing the availability of leronlimab to thousands of Brazilians infected with COVID-19. These two Phase 3 trials will be conducted in up to 45 clinical sites. The critically ill protocol is for 306 patients while the severe protocol is for 594 patients, and interim analysis for both populations will be conducted when enrollment reaches about 40% of the total number for each trial. The FDA granted CytoDyn Fast Track designation to explore two potential indications using leronlimab to treat HIV and metastatic cancer. CytoDyn is also conducting a Phase 2 clinical trial for NASH to evaluate the effect of leronlimab on liver steatosis and fibrosis.
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RY | Hot Stocks06:03 EDT Royal Bank of Canada reports Q2 ROE of 19.4%, up 1,210 bps y/y - Reports Q2 CET1 ratio of 12.8%, up 110 bps y/y.
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CATY HSBC | Hot Stocks05:25 EDT Cathay General to acquire 10 HSBC branches in California, sees accretion - Cathay General (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 the first quarter of 2022, subject to regulatory approval. As of March 31, the total acquired loans were approximately $0.8B and total deposit were approximately $1B. The financial terms of the agreement were not disclosed. The transaction is expected to be approximately 2% 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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MDCA | Hot Stocks05:22 EDT MDC Partners responds to Indaba Capital press reports - The special committee of independent directors of MDC Partners responded to press reports indicating that Indaba Capital will vote against the proposed business combination involving MDC Partners and Stagwell Media with the following statement: "The MDC Special Committee, MDC executives and Stagwell executives have met with Indaba on multiple occasions over the past several months to highlight the many strategic benefits of the Combination and the exceptional opportunity for value creation the Combination provides to MDC shareholders. We are disappointed that Indaba has chosen to take its private concerns public and believe its analysis and other suggestions are inaccurate and irresponsible. The Special Committee is gratified that most MDC investors appear to recognize the value that can be created through the Combination. Prior to the announcement of Stagwell's interest in combining with MDC on June 26, 2020, MDC stock closed at $1.15 per share. MDC's stock closed at $4.69 per share, as of May 26, 2021, at or near its highest point at any time during 2019 and 2020. In addition, the volume of shares traded has also increased substantially. We have no doubt that a significant portion of this appreciation in value and trading is due to enthusiasm for the Combination, and the view of most shareholders that the Combination will create growth and cash flow that will generate value for MDC shareholders going forward. "The Special Committee agrees. We worked tirelessly on behalf of MDC shareholders, sought the advice of financial advisors, and negotiated over a long period of time to ensure MDC shareholders received fair value for their shares in MDC. We firmly believe that MDC shareholders should, and largely do, welcome and support the Combination, which offers MDC the chance to partner with leading digital and technology-focused marketing businesses to create profitable growth opportunities and a better company. In the view of the Special Committee, Stagwell is at the forefront of technology, digital marketing and strategic communications trends and has generated consistently high margins and double-digit revenue and EBITDA growth since its founding. MDC has been in the midst of a transformation, but has not yet returned to organic growth and remains constrained by the high leverage on its balance sheet as well as a portfolio of agencies that are heavily weighted to creative and traditional advertising. The fact is this deal makes compelling strategic and financial sense and that is well-recognized in the market. This conclusion is validated by the fact that, since June 2020 when Stagwell approached MDC Partners with a public overture to combine the two companies, there has been an opportunity for other buyers to emerge, and no other party has come forward with any other proposal. It is unfortunate that, after several conversations with both representatives of the Special Committee and MDC management, Indaba claims it does not recognize the strategic merits of this transaction or the value creation it has already provided to MDC shareholders. Indaba's resistance to a transaction that has been embraced by the market and created a significant uplift in MDC's share price puts the Combination at risk, which is regrettable for all MDC shareholders. We encourage other MDC shareholders to read carefully our full proxy statement, to vote in favor of the Combination and to protect the gains in the stock price that have already resulted from the announcement of this attractive transaction."
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GPS WMT | Hot Stocks05:18 EDT Gap, Walmart partner to introduce Gap Home collection - Gap (GPS) and Walmart (WMT) announced a strategic partnership to introduce Gap Home, a new brand of home essentials available exclusively at Walmart. Gap Home embodies the brand's optimistic, modern American style that bridges the gaps between individuals, generations and cultures. The launch collection features materials like denim and chambray. The Gap Home collection includes items made with organic cotton and recycled materials.
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NOK TMUS | Hot Stocks05:12 EDT Nokia chosen by T-Mobile Netherlands to provide security services, modernization - Nokia (NOK) announced it has been selected by T-Mobile (TMUS) Netherlands as a strategic partner to accelerate digital transformation while securing its fixed and mobile networks against cyber threats. The partnership will provide the operator with a range of managed services including automated network and security operations, as well as a service-centric optical network over the course of the five-year rollout.
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SGMS | Hot Stocks05:09 EDT Scientific Games, Evolution announce Lightning Roulette game agreement - Evolution has announced that it has signed an exclusive agreement with Scientific Games to make Evolution's live online Lightning Roulette game available as a physical game in land-based casinos worldwide. The deal will see the Evolution Lightning Roulette live wheel, with its game setting with integrated random RNG multipliers, made available from Scientific Games to land-based casinos worldwide. It will be the first Evolution game, other than the company's Dual Play Roulette and Baccarat games which are tables that are streamed from land-based casinos tables, to make the transition from live to land-based.
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PHG | Hot Stocks05:05 EDT Philips selected to install advanced diagnostic imaging solutions - Philips and Viamed announced that Philips has been selected to install the latest advanced diagnostic imaging solutions in clinical centers throughout Viamed's network, supporting the group's healthcare professionals to further improve patient care. Viamed has a total of 11 hospitals and 15 healthcare centers in the Andalusia, Aragon, Catalonia, La Rioja, Murcia and Madrid regions of Spain. This agreement with Philips will allow Viamed to continue with the technological renewal of Viamed's imaging capabilities throughout its network of hospitals. As a starting point, Viamed has already acquired Philips MR and CT scanners for its hospitals in Madrid, Seville and Huesca, as well as a digital radiology room for its hospital in Tarragona.
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