Stockwinners Market Radar for June 02, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ALRM | Hot Stocks20:22 EDT Alarm.com CEO sells 40.3K shares of common stock - In a regulatory filing, Alarm.com disclosed that its CEO Stephen Trundle sold 40.3K shares of common stock on May 28th in a total transaction size of $3.30M, reducing his stake by about 2%.
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SSNC | Hot Stocks20:01 EDT SS&C unveils in-region data storage for Japanese clients - The company states: "SS&C Technologies Holdings announced a strategic investment in Japan with its deployment of Distributed Storage Node technology. This innovative technology will enable customers of the market-leading Intralinks VDRPro(TM) offering to store data in-region and provide faster access. The Tokyo-area storage node will host SS&C Intralinks' offerings for syndicated loans, M&A, and investor reporting."
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CCX | Hot Stocks19:47 EDT Incoming Skillsoft CEO to discuss merger with Churchill Capital Corp II - Churchill Capital Corp II announced Jeff Tarr, incoming CEO of Skillsoft and Larry Illg, CEO of EdTech for Prosus will participate in a fireside chat webinar to discuss the pending merger of Skillsoft, Global Knowledge Training LLC and Churchill II.
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SAFM... | Hot Stocks19:22 EDT JBS USA on schedule to resume production at all facilities on Thursday - JBS USA (JBSAY) and Pilgrim's announced they are on schedule to resume production at all of their facilities on Thursday. The company's said its recovery from the cyberattack continued today, providing further assurance to more than 100,000 JBS USA and Pilgrim's team members, livestock and poultry producer partners, customers and consumers. "JBS USA and Pilgrim's continue to make significant progress in restoring our IT systems and returning to business as usual," said Andre Nogueira, JBS USA CEO. "Today, the vast majority of our facilities resumed operations as we forecast yesterday, including all of our pork, poultry and prepared foods facilities around the world and the majority of our beef facilities in the U.S. and Australia." The company is not aware of any evidence at this time that any customer, supplier or employee data has been compromised. Publicly traded companies in the space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN).
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VLRS | Hot Stocks19:14 EDT Volaris reports May passenger traffic up 12% from pre-pandemic levels - Volaris reports its May 2021 preliminary traffic results. In May 2021, demand in the domestic Mexican and international markets for Volaris increased 16.3% and 19.3%, compared to May 2019, respectively. The company capitalized on opportunities to add capacity, both domestically and internationally, while maintaining a high load factor. In May 2021, Volaris transported 2.2M passengers, 12% higher than the pre-pandemic levels.
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SONY | Hot Stocks19:06 EDT Sony introduces new game studio Team Asobi - Nicolas Doucet, studio director and creative director at Sony's newest game studio Team Asobi, said in a blog post, "Today, we have colorful news coming to you from Team Asobi, the Tokyo-based PlayStation studio responsible for the Astro Bot series. Following the release of Astro's Playroom for PlayStation 5, Team Asobi is now spreading its wings and growing bigger! This is a very exciting time for the team, and we are very much looking forward to this next chapter. We wanted to take this chance to thank all of you, the PlayStation fans, for your kind words of support over the years, especially since Astro made its big debut on PlayStation 5 alongside the DualSense wireless controller. While we are growing and challenging bigger things, our mission at heart remains the same as ever: bring you PlayStation magic, innovation and put smiles on your faces with fun, colorful games for all ages. To go alongside this news, we are proud to show our new logo which you will see in our future productions. We took inspiration from what Team Asobi meant to us. Some of the old-timers might recognize other influences from the PlayStation early days as well! To keep in touch, we are also launching our own social channels on Twitter and Instagram to keep you updated on all things Team Asobi! Please follow them and don't hesitate to engage with us. We have a million anecdotes to share about the making of our games so please come and say hi!" Reference Link
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BIGC | Hot Stocks18:31 EDT BigCommerce CEO sells 31.9K shares of common stock - In a regulatory filing, BigCommerce disclosed that its CEO Brent Bellm sold 31.9K shares of common stock on May 28th in a total transaction size of $1.77M, reducing his stake by about 1%.
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EVOP | Hot Stocks18:17 EDT EVO Payments, Bci receive regulatory approval to commence operations in Chile - EVO Payments' joint venture with Banco de Credito e Inversiones, the third largest private bank in Chile, has begun operations in Chile after securing approval from the Comisien Para el Mercado Financiero. The joint venture, which was formed in 2020, will go to market under the name Bci Pagos. With the sales and marketing campaign now underway, the joint venture will leverage Bci's branch network and existing customer relationships and EVO's payments expertise to build market share in Chile.
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REAL | Hot Stocks18:10 EDT RealReal jumps about 4.5% to $18.90 after disclosing QTD GMV data
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REAL | Hot Stocks18:02 EDT RealReal reports quarter-to-date GMV up 106% at $239M - The company states: "The RealReal provided a business update in advance of its participation at the 41st Annual Piper Sandler Consumer Marketplace Conference. Gross merchandise volume, or GMV, quarter to date through May 31, 2021, was approximately $239M , an increase of 106% Y/Y and 53% compared to the same period in 2019. In addition, average order value quarter to date through May 31, 2021, was approximately $520, an increase of 26% Y/Y and 13% compared to the same period in 2019." CEO Julie Wainwright says: "Our GMV growth rate quarter to date reflects the strong momentum we are experiencing coming out of COVID, highlighted by accelerating growth year over year versus the equivalent period in 2019. Encouraging early results in our neighborhood stores, growing contributions from a return to in-home consignments and strong resale market trends are all contributing to our performance. As we build on our recent momentum, we remain laser focused on driving scale and operating efficiency gains as we march toward profitability."
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FSFG | Hot Stocks17:43 EDT First Savings Financial Group increases dividend 100% to 36c per share - First Savings Financial Group declared a quarterly cash dividend of 36c per common share, a 100% increase from the prior quarter's amount. The dividend will be paid on or about June 30 to stockholders of record as of the close of business on June 16.
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PANW | Hot Stocks17:42 EDT Palo Alto Networks deputy CFO Compeau sells 2,498 common shares - In a regulatory filing, Palo Alto Networks deputy CFO and CAO Jean Compeau disclosed the sale of 2,498 common shares of the company on June 1 at a price of $360.065 per share.
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TWTR | Hot Stocks17:42 EDT Twitter debuts Birdwatch fact checking in tweets - Twitter said earlier, in a tweet thread on Twitter: "Hey there! Exciting news Party popper. Now, when you're browsing Twitter on Android, iOS, or https://Twitter.com, you may see Tweets with Birdwatch notes. Notes will appear in a card on the Tweet. Right now, this feature is only visible to pilot participants.Why show notes on Tweets? Birdwatch wants to help people stay informed by adding helpful context to Tweets. This feature will allow those who are currently participating in Birdwatch to more easily identify and rate the most helpful notes.So, how does it work?! If a Tweet has a Birdwatch note that is "Currently rated helpful" then you'll see that note right there on the Tweet, and you can rate it to help elevate the most helpful notes....Finally, if all notes on a Tweet are "Currently not rated helpful," there won't be a card on the Tweet. You'll still be able to get to Birdwatch notes on that Tweet by clicking on the Birdwatch icon in the Tweet details page." Reference Link
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RCM | Hot Stocks17:33 EDT R1 RCM CEO sells 500K shares of common stock - In a regulatory filing, R1 RCM disclosed that its CEO Joseph Flanagan sold 500K shares of common stock on June 1st in a total transaction size of $10.9M, reducing his stake by about 17%.
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SCVL | Hot Stocks17:26 EDT Shoe Carnival CEO sells 40K shares of common stock - In a regulatory filing, Shoe Carnival disclosed that its CEO Clifton Sifford sold 40K shares of common stock on May 27th in a total transaction size of $2.8M, reducing his stake by about 22%.
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AL | Hot Stocks17:15 EDT Air Lease delivers one new Boeing 737-9 aircraft to Aeromexico - The company states: "Air Lease announced the delivery of one new Boeing 737-9 aircraft on long-term lease to Aeromexico. This is the first of four new Boeing 737-9s Aeromexico has committed to lease long-term from ALC."
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EBF | Hot Stocks17:14 EDT Ennis acquires assets of AmeriPrint Corporation - Ennis announced its acquisition of the assets and business from AmeriPrint Corporation in Harvard, Illinois. The closing occurred on Monday, May 31. AmeriPrint Corporation is a trade printer specializing in custom-printed documents, barcoding, integrated products, and business forms. Upon closing, AmeriPrint operations will continue to operate as AmeriPrint. All facilities will continue their normal operations in their current location.
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CSL | Hot Stocks17:04 EDT Carlisle announces construction of new TPO manufacturing line - Carlisle announced that construction has begun on Carlisle Construction Materials' sixth TPO manufacturing line, which will produce the commercial roofing industry's first 16-foot-wide TPO membranes. Located in Carlisle, PA, the new line will add to CCM's industry-leading production capacity with the widest TPO sheets on the market. The new TPO line will support organic growth initiatives and also create jobs for the city of Carlisle and surrounding communities. The new line will begin production in early 2022.
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BDRBF | Hot Stocks17:01 EDT Bombardier confirms deal with U.S. Air Force for up to six more global aircraft - Bombardier confirmed an agreement between its Learjet Inc. subsidiary and the U.S. Air Force in support of the Battlefield Airborne Communications Node program. The Indefinite Delivery Indefinite Quantity contract provides the USAF with flexible ordering and includes an immediate firm order for one Global 6000 aircraft, with as many as five additional Global 6000 aircraft. The contract, which includes engineering and modification work, represents a potential total value of close to $465M. Bombardier has already delivered four Global aircraft to the U.S. Air Force since 2007 for the BACN program, an airborne relay that extends communication ranges, bridges between radio frequencies and "translates" among incompatible communications systems. BACN aircraft are known in the U.S. Air Force as the E-11A. "Bombardier is proud to be chosen once again by the U.S. Air Force to provide our high-performing Global aircraft and our unique expertise in support of the BACN program," said Michel Ouellette, Executive Vice President, Specialized Aircraft, Programs and Engineering, Bombardier. "Our U.S.-based employees are honored to be lending their skills in support of this elite project."
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ORIC | Hot Stocks16:58 EDT Oric Pharmaceuticals says ORIC-101 safety data shows Phase 2 dose well tolerated - The company states: "ORIC Pharmaceuticals announced initial data from an ongoing Phase 1b study evaluating ORIC-101, a glucocorticoid receptor antagonist, in combination with nab-paclitaxel, in advanced solid tumors. The data will also be presented in two posters at ASCO Annual Meeting to be held June 4 - 8, 2021. The Phase 1b clinical trial of ORIC-101 in combination with nab-paclitaxel is a single arm, multicenter, open-label study conducted in two parts, intended to establish the recommended Phase 2 dose, safety, pharmacokinetics, pharmacodynamics, and preliminary antitumor activity when administered to patients with advanced or metastatic solid tumors... The efficacy evaluable population included a total of 23 patients who had an opportunity for at least one on-treatment tumor assessment. Five partial responses were observed, one confirmed and four unconfirmed, including in heavily pretreated patients with PDAC, endometrial and breast cancers, who previously progressed on or after a taxane-based therapy. Further evidence of antitumor activity was demonstrated by prolonged disease stabilization across multiple solid tumors, including PDAC, breast, gastric, esophageal, and testicular cancers. Notably, three of the four efficacy evaluable patients with late-line relapsed PDAC treated at the RP2D demonstrated extended progression free survival ranging from 3.6 months to 5.3+ months in the third-line or later setting, despite having already previously progressed on nab-paclitaxel."
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SEIC | Hot Stocks16:55 EDT SEI Investments raises share repurchase program by $250M - The Board of Directors of SEI Investments Company approved an increase in its stock repurchase program by an additional $250M, increasing the available authorization under the program to approximately $316M.
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CYH | Hot Stocks16:38 EDT Community Health's Jennings sells over $465K in shares - Community Health's William Jennings disclosed in a filing that he had sold 30,000 shares of company stock at $15.51 per share on June 1 for a total transaction amount of $465,300.
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ACN | Hot Stocks16:37 EDT Accenture names CEO Julie Sweet to additional position of Chair of the Board - The board of directors of Accenture has named CEO Julie Sweet to the additional position of chair of the board, effective September 1. She succeeds David Rowland, who will step down as executive chairman and from the board on that date. Sweet succeeded Rowland as CEO on September 1, when she also joined the Accenture board of directors.
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SGFY | Hot Stocks16:36 EDT Signify Health names Susan Yun chief people officer - Signify Health announced the appointment of Susan Yun as Chief People Officer. Susan brings to Signify Health nearly 30 years of experience in strategic HR leadership in mid-size and large companies, including Information Builders, the Juvenile Diabetes Research Foundation and General Electric Corporation. "Susan's expertise in transforming culture and performance to enable growth will be critical to Signify Health as we continue to scale our business and expand our team to meet growing demand across the markets we serve," said Kyle Armbrester, Signify Health CEO. "Her successful track record building organizations that help employees thrive in their careers while supporting changing business needs is especially important to us as a mission and culture-driven company and I am delighted to have her on board."
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VAL | Hot Stocks16:32 EDT Valaris announces jackup contract award - Valaris announced that it has been awarded a two-well contract extension with Equinor Energy AS offshore Norway for VALARIS JU-291, a heavy-duty ultra-harsh environment jackup. The extension is for an estimated 120 days in direct continuation of the existing contract and, as a result, the VALARIS JU-291 is now expected to be under contract through February 2022.
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FEYE | Hot Stocks16:30 EDT FireEye trading resumes
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IDXX | Hot Stocks16:27 EDT Idexx Laboratories acquires ezyVet - IDEXX Laboratories announced the acquisition of ezyVet, a fast-growing, innovative practice information management system, PIMS. With the acquisition, IDEXX further expands its world-class cloud software offerings that support customers with technology solutions that raise the standard of care for patients, improve practice efficiency, and enable more effective communication with pet owners.
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PVH | Hot Stocks16:22 EDT PVH Corp. jumps over 3% to $112.99 after Q1 earnings beat, guidance raise
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CHDN | Hot Stocks16:21 EDT Churchill Downs suspends trainer Bob Baffert for two years - Churchill Downs announced the suspension of trainer Bob Baffert for two years effective immediately through the conclusion of the 2023 Spring Meet at Churchill Downs Racetrack. The suspension prohibits Baffert, or any trainer directly or indirectly employed by Bob Baffert Racing Stables, from entering horses in races or applying for stall occupancy at all Churchill Downs-owned racetracks. "This decision follows the confirmation by attorneys representing Bob Baffert of the presence of betamethasone, a prohibited race-day substance, in Medina Spirit's bloodstream on the day of the 147th running of the Kentucky Derby in violation of the Commonwealth of Kentucky's equine medication protocols and CDI's terms and conditions for racing," the company said in a statement. Bill Carstanjen, CEO of Churchill Downs Incorporated, added, "Reckless practices and substance violations that jeopardize the safety of our equine and human athletes or compromise the integrity of our sport are not acceptable and as a company we must take measures to demonstrate that they will not be tolerated. Mr. Baffert's record of testing failures threatens public confidence in thoroughbred racing and the reputation of the Kentucky Derby. Given these repeated failures over the last year, including the increasingly extraordinary explanations, we firmly believe that asserting our rights to impose these measures is our duty and responsibility."
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PVH | Hot Stocks16:21 EDT PVH Corp. chief operating and financial officer Shaffer to leave company - PVH Corp. announced two leadership updates to its global organization. Mike Shaffer and Cheryl Abel-Hodges ill be leaving PVH in the coming months. Shaffer, Chief Operating and Financial Officer, will be leaving in September to pursue other opportunities. An external search is underway for a successor CFO, and Shaffer will help to ensure a seamless transition. Abel-Hodges will be stepping down as CEO of Calvin Klein and moving to an advisory position with effect from July 1 through February 2022. Trish Donnelly, CEO, PVH Americas, who has had oversight of Calvin Klein, will take full global leadership responsibility for the business.
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STRE | Hot Stocks16:20 EDT Supernova Partners Acquisition Company III receives NYSE delay notification - Supernova Partners Acquisition Company III received a notice from the NYSE indicating that it is not in compliance with NYSE continued listing requirements under the timely filing criteria as a result of its failure to timely file the Form 10-Q for the fiscal quarter ended March 31. The Notice has no immediate effect on the listing or trading of the company's securities on the NYSE. Given the scope of the process for evaluating the impact of the SEC statement "Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies" on the company's financial statements, the company was unable to file the Form 10-Q within the prescribed time period without unreasonable effort or expense. Since receiving the non-compliance notice, the company continues to work with its independent accounting firm in order to file the Form 10-Q as expeditiously as practicable. The company is in compliance with all other NYSE continued listing requirements.
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SNII | Hot Stocks16:18 EDT Supernova Partners Acquisition II receives NYSE notice of non-compliance - Supernova Partners Acquisition Company II announced that, on May 25, it received a notice from the New York Stock Exchange indicating that it is not in compliance with NYSE continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file the Form 10-Q for the fiscal quarter ended March 31. The Rule requires listed companies to timely file all required periodic financial reports with the SEC. The Notice has no immediate effect on the listing or trading of the company's securities on the NYSE.
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PVH | Hot Stocks16:18 EDT PVH Corp. says international revenue in Q1 exceeded 2019 pre-pandemic levels - The company statess: "Revenue in the company's international businesses exceeded 2019 pre-pandemic levels. Revenue through digital channels grew approximately 95%, with sales through its directly operated digital commerce businesses up 66% as compared to the prior year period. Digital penetration as a percentage of total revenue was approximately 25%."
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UHT | Hot Stocks16:17 EDT Universal Health Realty increases dividend 0.5c to 70c per share - Universal Health Realty increased its quarterly dividend by 0.5c and pay a dividend of 70c per share on June 30 to shareholders of record as of June 16.
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SPNV | Hot Stocks16:17 EDT Supernova Partners Acquisition receives NYSE notice of non-compliance - Supernova Partners Acquisition Company announced that, on May 25, it received a notice from the New York Stock Exchange indicating that it was not in compliance with NYSE continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file the Form 10-Q for the fiscal quarter ended March 31. The Rule requires listed companies to timely file all required periodic financial reports with the SEC. The Notice has no immediate effect on the listing or trading of the company's securities on the NYSE.
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SUMO | Hot Stocks16:16 EDT Sumo Logic to acquire Sensu - Sumo Logic announced it has entered into an agreement to acquire Sensu, a leader in open source monitoring. The transaction is subject to customary closing conditions and is anticipated to close in Q2 of FY22. Sumo said the acquisition will "accelerate Sumo Logic's observability strategy by providing customers with an affordable, extensible, and scalable end-to-end solution for infrastructure and application monitoring. In addition, the acquisition will reinforce Sumo Logic's commitment to open source to drive deeper engagement with the developer and DevOps communities."
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SMAR | Hot Stocks16:13 EDT Smartsheet jumps over 2% to $61.50 after Q1 results and guidance
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SMAR | Hot Stocks16:11 EDT Smartsheet reports Q1 average ACB per domain customer up 41% - The company states: "The number of all customers with annualized contract values ("ACV") of $5,000 or more grew to 12,655, an increase of 32% year over year. The number of all customers with ACV of $50,000 or more grew to 1,674, an increase of 61% year over year. The number of all customers with ACV of $100,000 or more grew to 661, an increase of 69% year over year. Average ACV per domain-based customer increased to $5,461, an increase of 41% year over year Dollar-based net retention rate was 125%."
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VGAC | Hot Stocks16:11 EDT VG Acquisition recommends shareholders vote in favor of 23andMe combination - VG Acquisition's board issued a recommendation that shareholders vote in favor of the company's proposed business combination with 23andMe, a consumer genetics and research company, and the related proposals that will come before VGAC's extraordinary general meeting of shareholders. The Special Meeting is scheduled for June 10 at 10:00 a.m. ET to approve, among other things, the business combination with 23andMe. Shareholders of record as of the close of business on May 5 are entitled to vote on matters that come before the Special Meeting. The company asks that all shareholders vote their shares regardless of how many shares they hold. If the proposals at the Special Meeting are approved, the closing of the business combination is currently expected to occur on June 16. Upon the closing, VGAC will change its name to 23andMe Holding , or "New 23andMe", and New23andMe Class A common stock and New23andMe warrants will be listed on Nasdaq. Trading is expected to begin on Nasdaq on June 17, 2021, under the new ticker symbol "ME" for the New23andMe Class A common stock and "MEUSW" for the New23andMe warrants.
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SMAR | Hot Stocks16:10 EDT Smartsheet reports Q1 calculated billings up 48% at $132.8M
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DYN | Hot Stocks16:09 EDT Dyne Therapeutics announces Chief Scientific Officer transition - Dyne Therapeutics announced that Romesh Subramanian, Ph.D. has chosen to step down as Chief Scientific Officer for personal reasons and will continue to serve as an advisor to Dyne. Concurrently, Oxana Beskrovnaya, Ph.D., who has served as Dyne's senior VP, head of research since January 2020, has been appointed Chief Scientific Officer.
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SPTN | Hot Stocks16:08 EDT SpartanNash sees FY21 retail comparable sales down 5%-7% - While the Company is re-affirming net sales guidance for fiscal 2021, it now expects that Retail comparable sales will be negative 5.0% to 7.0% for 2021. Food Distribution sales are still expected to decline 1.0% to 3.0% in 2021, while Military Distribution sales are now expected to decline 6.0% to 10.0% in 2021. In addition, the Company continues to monitor inflation that is expected to be passed on from many consumer packaged goods manufacturers. While legitimate price increases in both the distribution and retail businesses would traditionally be passed on to the retailer or consumer, the Company will evaluate these potential increases in connection with its Customer Growth strategy and initiatives related to key value item pricing. The Company's outlook currently excludes the costs and potential current year benefits associated with the supply chain transformation initiative.
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ADBE | Hot Stocks16:06 EDT Adobe names David Wadhwani as EVP, Chief Business Officer of Digital Media - Adobe announced the appointment of David Wadhwani as executive vice president and chief business officer, Digital Media. In this role, Wadhwani will be responsible for the success of Adobe's global Digital Media business across Adobe Creative Cloud and Adobe Document Cloud, including all product marketing, strategic partnerships, customer support and go-to-market across geographies, working closely with the Digital Media Product organizations. He will report directly to Adobe president and CEO Shantanu Narayen. Wadhwani previously served as senior vice president and general manager of Adobe's Digital Media business from 2010 to 2015.
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NTAP | Hot Stocks16:05 EDT NetApp authorizes additional $500M stock buyback
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FEYE | Hot Stocks16:05 EDT FireEye board approves share repurchase program of up to $500M - FireEye announced that its Board of Directors has approved a share repurchase program for up to $500M of outstanding FireEye common stock. Repurchases may be made at management's discretion from time to time on the open market, through privately negotiated transactions and through Rule 10b5-1 plans. The repurchase program has no termination date and may be suspended for periods, amended or discontinued at any time. Any shares acquired will be available for general corporate purposes.
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NTAP | Hot Stocks16:05 EDT NetApp raises quarterly dividend by 4% to 50c per share - The quarterly dividend will be paid on July 28, 2021, to shareholders of record as of the close of business on July 9, 2021.
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FEYE | Hot Stocks16:04 EDT FireEye to sell FireEye Products to Symphony consortium for $1.2B - FireEye announced it has entered into a definitive agreement to sell the FireEye Products business, including the FireEye name, to a consortium led by Symphony Technology Group in an all-cash transaction for $1.2B, before taxes and transaction-related expenses. The transaction is expected to close by the end of the fourth quarter of 2021, subject to customary regulatory approvals and closing conditions, and will separate FireEye's network, email, endpoint, and cloud security products, along with the related security management and orchestration platform, from Mandiant's controls-agnostic software and services, enabling both organizations to accelerate growth investments, pursue new go-to-market pathways, and focus innovation on their respective solutions. The FireEye Products business and Mandiant Solutions will continue to operate as a single entity until the transaction closes, allowing management and STG to develop a successful transition of the FireEye Products business to a standalone entity within the STG portfolio. "We believe this separation will unlock our high-growth Mandiant Solutions business and allow both organizations to better serve customers," said FireEye Chief Executive Officer Kevin Mandia. "After closing, we will be able to concentrate exclusively on scaling our intelligence and frontline expertise through the Mandiant Advantage platform, while the FireEye Products business will be able to prioritize investment on its cloud-first security product portfolio. STG's focus on fueling innovative market leaders in software and cybersecurity makes them an ideal partner for FireEye Products. We look forward to our relationship and collaboration on threat intelligence and expertise."
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XOM | Hot Stocks16:03 EDT Exxon Mobil sees shareholders electing three Engine No. 1 nominees to board - ExxonMobil updated preliminary results for the election of directors at its annual meeting of shareholders held on May 26, 2021. Based on estimates by the company's proxy solicitor, shareholders are expected to elect nine ExxonMobil nominees and three Engine No. 1 nominees. "We look forward to working with all of our directors to build on the progress we've made to grow long-term shareholder value and succeed in a lower-carbon future," said Darren Woods, chairman and chief executive officer of Exxon Mobil Corporation. "We thank all shareholders for their engagement and participation, and their ongoing support for our company." Based on the preliminary results, re-elected ExxonMobil directors are expected to be Woods, Michael Angelakis, Susan Avery, Angela Braly, Ursula Burns, Kenneth Frazier, Joseph Hooley, Douglas Oberhelman and Jeffrey Ubben. Engine No. 1 nominees expected to be elected are Gregory Goff, Kaisa Hietala and Alexander Karsner.
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NTAP | Hot Stocks16:02 EDT NetApp reports Q4 billings up 12% at 1.74B - NetApp public cloud services annualized revenue run rate, or ARR, increased 171% year-over-year to $301 million.
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FEYE | Hot Stocks16:00 EDT FireEye trading halted, news pending
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AAPL | Hot Stocks15:53 EDT Apple says Apple Card outage resolved - Apple said in a system status message: "Apple Card - Resolved Outage - Today, 9:17 AM - 3:19 PM - Users may not have been able to manage their Apple Card, make payments, and may not have seen recent transactions." Reference Link
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ENBL | Hot Stocks15:19 EDT Enable Midstream announces FERC approval of Gulf Run Pipeline project - Enable Midstream Partners announced today that the Federal Energy Regulatory Commission, or FERC, has granted approval to construct and operate the Gulf Run Pipeline project under section 7(c) of the Natural Gas Act. The project is designed to transport natural gas from "some of the most prolific natural gas producing regions in the U.S., including the Haynesville, Marcellus, Utica and Barnett shales and the Mid-Continent region," to the U.S. Gulf Coast and is backed by a 20-year commitment for 1.1 billion cubic feet per day from cornerstone shipper Golden Pass LNG, Enable said. The cost for the project is currently estimated at approximately $540M, and pipe for the project was "recently acquired at favorable pricing relative to market," the company stated. The contractor bidding process is underway, and the project is anticipated to be placed into service in late 2022. "We appreciate FERC's thoughtful review of the project and all of the hard work from our best-in-class project team to reach this important milestone. Gulf Run makes significant use of existing assets, reducing the project's cost and environmental impact. With FERC approval and the demand for LNG increasing globally, the project is well-positioned to add new customer commitments," said Rod Sailor, president and CEO.
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XRX | Hot Stocks15:00 EDT Xerox acquires Document Systems, terms not disclosed - Xerox has acquired Document Systems, a document solutions provider in Southern California. "We're focused on strengthening our U.S. small and midsize business (SMB) market reach through the combined power of our portfolio of workplace solutions for SMBs and well-established local technology providers," said Joanne Collins Smee, chief commercial, SMB and channels officer at Xerox. "As part of Xerox Business Solutions (XBS), Document Systems' document management expertise will help us elevate the customer experience, improve productivity and power growth for SMBs." Document Systems will become part of Xerox Business Solutions, aligned to the XBS West region, and provide Xerox solutions targeted at SMBs that support collaboration, communication, remote IT support, security and automation. Terms of the transaction were not disclosed.
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GD | Hot Stocks14:31 EDT General Dynamics authorizes repurchase of additional 10M shares - The board of directors of General Dynamics declared a regular quarterly dividend of $1.19 per share on the company's common stock, payable August 6 to shareholders of record on July 2. The board also provided management with the authority to repurchase an additional 10M shares of the company's issued and outstanding common stock on the open market.
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SONY | Hot Stocks14:17 EDT PlayStation's Hulst says 'God of War' sequel not coming out this year - In a PlayStation blog Q&A, Sony PlayStation Studios head Hermen Hulst confirmed that upcoming PS5 game "Horizon Forbidden West" is on track for release this holiday season, while the sequel to 2018's "God of War" is being delayed to next year. Hulst also said that the new "Horizon," "God of War," and "Gran Turismo 7" will all be cross-platform, meaning they will release both for PlayStation 4 and PlayStation 5. Reference Link
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MSFT | Hot Stocks14:07 EDT Microsoft announces 'Join us to see what's next for Windows' for June 24 - Microsoft announced earlier, on its Windows blog page that on June 24 at 11am Eastern time there will be a livestream entitled "Join us to see what's next for Windows." Reference Link
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JBHT... | Hot Stocks13:53 EDT North American rail traffic rose 28.1% in week ended May 29, AAR says - The Association of American Railroads, AAR reported U.S. rail traffic for the week ending May 29, as well as volumes for May. U.S. railroads originated 964,356 carloads in May 2021, up 30.4%, or 224,623 carloads, from May 2020. U.S. railroads also originated 1,151,824 containers and trailers in May, up 26.2%, or 238,927 units, from the same month last year. Combined U.S. carload and intermodal originations in May 2021 were 2,116,180, up 28%, or 463,550 carloads and intermodal units from May 2020."U.S. rail volumes in May 2021 were encouraging. Total carloads were the most for any month since October 2019 on a weekly average basis," said AAR Senior Vice President John T. Gray. "In May, 18 of the 20 carload categories we track had carload gains over May 2020, while 12 of the 20 had gains over May 2019. Meanwhile, intermodal just had the best January to May period ever for U.S. railroads. Railroads hope to build on these gains in the months ahead as they help the economy return to strong, sustainable growth."Total U.S. weekly rail traffic was 530,225 carloads and intermodal units, up 34% compared with the same week last year.Total carloads for the week ending May 29 were 243,304 carloads, up 35.3% compared with the same week in 2020, while U.S. weekly intermodal volume was 286,921 containers and trailers, up 33% compared to 2020. North American rail volume for the week ending May 29, 2021, on 12 reporting U.S., Canadian and Mexican railroads totaled 341,112 carloads, up 28.1% compared with the same week last year, and 376,337 intermodal units, up 28.1% compared with last year. Total combined weekly rail traffic in North America was 717,449 carloads and intermodal units, up 28.1%. North American rail volume for the first 21 weeks of 2021 was 14,727,824 carloads and intermodal units, up 12.1% compared with 2020. Publicly traded companies in the space include ArcBest (ARCB), J.B. Hunt (JBHT), Knight-Swift (KNX), Old Dominion (ODFL), Swift Transportation (SWFT) and Werner (WERN). Reference Link
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FB | Hot Stocks13:42 EDT Facebook confirms Messenger API for Instagram now available to all developers - Konstantinos Papmiltiadis, VP Platform Partnerships at Facebook, stated in recap of the company's F8 Refresh event: "This year, after a brief pause in programming in 2020, we're bringing F8 back to its roots as a true developer conference... That's why the announcements covered today are focused on Facebook technologies designed to unlock new opportunities for developers and businesses around the world to build and grow on our platforms... Today, we are excited to open up the Messenger API for Instagram to all developers, allowing brands to offer messaging experiences on Instagram. With these new features, businesses can integrate Instagram messaging with their preferred applications and workflows... As more people turn to WhatsApp to connect with businesses, we're announcing new updates that will make it easier for businesses to get started using the WhatsApp Business API and for people to easily chat with these businesses... Facebook Login offers a convenient way for our billions of global users to log into business' apps and websites. Now, with Login Connect with Messenger, customers will be able to opt into messaging with businesses directly from the Facebook Login flow. Among test participants who enabled Login Connect, we've so far seen more than 70% of users opt in to messaging... This feature is currently in closed beta and will be widely available in the coming months." Reference Link
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GOOGL... | Hot Stocks13:21 EDT Google to allow U.S. ads for cryptocurrency exchanges, wallets as of August - In a support page post, Google stated in part: "In August 2021, Google will update the Financial products and services policy to clarify the scope and requirements to allow the advertisement of cryptocurrency related business and services. Beginning August 3, advertisers offering Cryptocurrency Exchanges and Wallets targeting the United States may advertise those products and services when they meet the following requirements and are certified by Google... All prior Cryptocurrency Exchange certifications will be revoked on August 3, 2021. Advertisers must request new Cryptocurrency Exchanges and Wallets certification with Google when the application form is published on July 8, 2021." Reference Link
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AMC | Hot Stocks13:15 EDT AMC Entertainment extends rally, shares up 102% to $64.70
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AMC GME | Hot Stocks13:10 EDT Mox Reports has small AMC position, says short squeeze 'just beginning' - Richard Pearson of Mox Reports said via Twitter, "Yes. I have small long posn in $AMC which I bot a few weeks ago. I think the #Shortsqueeze in $AMC is only just beginning. I will never understand why so many ppl keep stepping on the same rake by going short these based on valuation, same as $GME at $20 (and $GME at $200 btw)." Reference Link
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HOOD AMC | Hot Stocks13:02 EDT Robinhood says AMC automatically halted by exchange due to volatility - Robinhood Help, the support account for Robinhood (HOOD), tweeted: "AMC was automatically halted by the exchange due to volatility at 12:32 PM" along with a link to an information page on its website about trading halts. Reference Link
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FB | Hot Stocks12:58 EDT Facebook says Login Connect in closed beta
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FB | Hot Stocks12:56 EDT Facebook calls Login Connect 'powerful' entry for new customer message threads - Says Login Connect serves as "powerful" entry point for new customer message threads for businesses. Says businesses can now "deepen" new user engagement with Login Connect. Says Login Connect will help businesses strengthen customer care.
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RGR... | Hot Stocks12:54 EDT FBI reports 3.22M NICS firearm background checks in May - The FBI reported that there were 3,222,105 firearm background checks initiated through the NICS system in May 2021. This compares to 3,091,455 checks in May of 2020 and 3,514,070 checks in April 2021. Companies in the firearm space include Sturm, Ruger (RGR), Smith & Wesson Brands (SWBI), and Vista Outdoor (VSTO). Reference Link
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FB | Hot Stocks12:36 EDT Facebook unveils Login Connect with Messenger - Says enabling some key automation tools on Instagram for the very first time. Says new tools only accessible through API.
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FB | Hot Stocks12:32 EDT Facebook says Messenger API for Instagram now available to all developers - Says developers can now build "robust" tools for businesses through Instagram. Says developers can now give businesses the ability to manage communications in one place.
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AMC | Hot Stocks12:31 EDT AMC Entertainment trading resumes
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AMC | Hot Stocks12:29 EDT AMC Entertainment halts for volatility after jumping 93% to $61.71
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FB | Hot Stocks12:28 EDT Facebook unveils new customer feedback template for developers via Messenger API
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AMC | Hot Stocks12:26 EDT AMC Entertainment trading halted, volatility trading pause
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AMSC | Hot Stocks12:17 EDT AMSC announces $19M of new energy power system orders - AMSC announced over $19M of new energy power system orders. The orders serve the industrial and renewable energy sectors in the United States and abroad, the company said in a statement. "These systems are expected to provide voltage regulation by responding to varying load conditions at a variety of industrial settings including semiconductor fabs and mining. These orders also respond to varying load conditions while connecting wind power plants to the electric grid or connecting residential solar to the electric grid. The revenue from these orders is expected to be recognized in fiscal year 2021," it added. Said CEO Daniel McGahn: "We are seeing continued order traction as well as cross-selling opportunities in our new energy power systems business, which includes our D-VAR and VVO offerings and our NEPSI business. We expect our Grid business to drive revenue growth again in fiscal 2021."
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FB | Hot Stocks12:16 EDT Facebook to launch Researcher API - Says launching new API specifically for research community. Says Researcher API provides real-time access to Pages, Groups, Events, and Post-level U.S. data in a secure manner. Comments taken from Facebook's F8 Refresh online event.
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NTDOY | Hot Stocks12:10 EDT Nintendo to host E3 event June 15, will focus exclusively on Switch software - Nintendo said that, on June 15, it will host a Nintendo Direct livestream for E3 starting at 12:00 pm ET. The company said that the roughly 40 minute presentation will be focused exclusively on software for the Switch "mostly releasing" in 2021.
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MCHP | Hot Stocks12:04 EDT Microchip: Demand environment 'really, really high' right now - CFO James Bjornholt says the demand environment is "really, really high," with orders outpacing supply, adding that the company is "playing catch up every day." Comments taken from the Cowen TMT Conference.
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NTP | Hot Stocks12:00 EDT Nam Tai Property falls -8.6% - Nam Tai Property is down -8.6%, or -$2.56 to $27.09.
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NTZ | Hot Stocks12:00 EDT Natuzzi falls -11.6% - Natuzzi is down -11.6%, or -$2.65 to $20.10.
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WPG | Hot Stocks12:00 EDT Washington Prime falls -15.8% - Washington Prime is down -15.8%, or -75c to $3.99.
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EXPR | Hot Stocks12:00 EDT Express rises 16.8% - Express is up 16.8%, or 80c to $5.57.
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PEI | Hot Stocks12:00 EDT Pennsylvania REIT rises 29.9% - Pennsylvania REIT is up 29.9%, or 77c to $3.34.
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AMC | Hot Stocks12:00 EDT AMC Entertainment rises 37.7% - AMC Entertainment is up 37.7%, or $12.08 to $44.12.
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FUJIY | Hot Stocks11:38 EDT Fujifilm investigating possible unauthorized access to server - Fujifilm announced that the company is currently carrying out an investigation into possible unauthorized access to its server from outside of the company. As part of this investigation, the network is partially shut down and disconnected from external correspondence. "We want to state what we understand as of now and the measures that the company has taken. In the late evening of June 1, 2021, we became aware of the possibility of a ransomware attack. As a result, we have taken measures to suspend all affected systems in coordination with our various global entities. We are currently working to determine the extent and the scale of the issue. We sincerely apologize to our customers and business partners for the inconvenience this has caused," Fujifilm stated. Reference Link
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UBER DASH | Hot Stocks11:31 EDT Arizona Attorney General settles civil rights cases with Uber, DoorDash - Arizona Attorney General Mark Brnovich announced that his office settled civil rights cases involving Uber Eats (UBER), Postmates, and DoorDash (DASH) regarding allegations of discrimination based on race. The companies can no longer offer price distinctions based on a person's race, Brnovich said in a statement. Pursuant to the settlement agreements, the companies will not offer financial incentives, advertise, provide any delivery fee discounts, or price-related discounts to customers in Arizona based on a restaurant owner's race, color, religion, sex, national origin, or ancestry. Reference Link
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LMT AJRD | Hot Stocks11:21 EDT Lockheed Martin hopeful Aerojet Rocketdyne deal will close in Q4 - Comments taken from Bernstein's Strategic Decisions Conference.
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CROX | Hot Stocks11:09 EDT Crocs announces collaboration with DJ and producer Diplo - Crocs announced its official collaboration with artist, DJ and producer Diplo, the "Diplo X Crocs" partnership with a "special, first-of-its-kind two-style release featuring unique, multi-tone takes" on the Classic Clog and new Classic Crocs Sandal with custom Jibbitz charms. The limited-edition collaboration will be available on June 8 beginning at 12:00 p.m. ET. The Crocs X Diplo Classic Clog, available for $69.99 and Diplo X Crocs Classic Sandal, available for $49.99 will be sold exclusively on www.crocs.com, the company noted.
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WFC | Hot Stocks11:08 EDT CEO sees potential for Wells Fargo to grow despite asset cap limitations - Commenting on asset sales during the Alliance Bernstein 37th Annual Strategic Decisions Conference, Wells Fargo CEO Charlie Scharf said that, "I think we did a very, very thorough review. We went business by business at a very detailed level looking at businesses, portfolios, activities. The businesses that we decided to sell were fine businesses for the most part. And we're just better off owned by others. And so, you know, we're the process of completing the sale of corporate trust. In the mix is the asset management business. International wealth management is not part of our future. And, you know, small business in Canada that we had. I think those are the biggest things that we're in the process of exiting one way or another. And now it's a question of taking all the assets that we have. And I just describe it as acting like one company to take advantage of what we can do for customers that really only a couple of us can do in this country." Regarding the asset cap, "there's going to be a holistic and complete review that [the Fed] will do and they'll make their judgments. And it would be totally inappropriate for me to get ahead of anything that they think. So, I'd just say we're focused on getting the work done. And if there's any way to provide clarity, we'll try and do it, I just don't know how we can do that," the executive added. Scharf "feels great about where the economy sits today. You're starting to see material increases in spending as the mask mandates pull back and people feel more comfortable getting back to life as they knew it before." The CEO sees potential for growth despite limitations under the asset cap and says that, "We are focused on growing the businesses that don't require balance sheet."
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BBBY | Hot Stocks10:35 EDT Bed Bath & Beyond up 7% after revealing next wave of owned brands - Shares of Bed Bath & Beyond are up $1.94, or 7%, to $29.20 in morning trading after the company earlier announced that it will launch three new owned brands this quarter, stating that it is "continuing the company's execution of its biggest product assortment change in a generation to rebuild its authority in the $180 billion home market." With the launch of the new owned brands in the coming weeks, the company will have launched six owned brands in five months - which is ahead of its previously announced six-month timetable and comes "in advance of the important Back to College shopping season," Bed Bath & Beyond stated. The owned brands that will launch in the market in the coming weeks and be available only at Bed Bath & Beyond include "Our Table," a new line of modern kitchen and dining wares, "Wild Sage," which the company calls a "youthful, eclectic collection of stylish and free-spirited pieces for the home," and "Squared Away," a new line of storage, organization, and cleaning solutions for the home. Mark Tritton, President and CEO of Bed Bath & Beyond, said, "I am pleased that we are ahead of schedule in delivering our Owned Brands plan, launching product assortments strategically sequenced to cover our core destination categories of bed, bath, kitchen & dining, indoor decor and storage & organization. Together with the company's first opening-price-point Owned Brand, we are helping customers unlock the magic in every room while strengthening our leadership in the home market."
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EBAY | Hot Stocks10:32 EDT eBay launches authentication for luxury handbags - As the marketplace's luxury categories continue to gain momentum with recent quarter over quarter growth, eBay announced the expansion of its Authenticity Guarantee service to include handbags. Beginning today, new and pre-owned handbags sold for more than $500 from 16 prominent luxury brands, including Saint Laurent, Gucci, Celine, Balenciaga, among others, will be professionally authenticated. The announcement builds on eBay's authentication program, which initially launched with luxury watches $2,000+ and was fast followed by sneakers $100+ in late 2020. "Authenticity Guarantee has changed the way people buy and sell luxury items on eBay," said Charis Marquez, VP of Fashion at eBay. "There's a handbag bought every 12 seconds on our marketplace, and now we're expanding authentication to deliver an additional layer of trust and confidence for these shoppers and sellers." Since launching authentication for luxury watches and sneakers $100+, the company has seen significant growth: eBay's sneakers business has grown at a triple digit rate year-over-year for several quarters, while its watches business accelerated from 16% to 38% in Q1.
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GE | Hot Stocks10:28 EDT GE Aviation announces plans for new manufacturing operations in Ohio - GE Aviation announced that the company recently broke ground on its new lean engine component manufacturing facility for both civil, military aviation and aero derivative applications. The facility will be built on 53 acres in the Miami Valley Research Park located at 4230 Research Blvd in Beavercreek, Ohio. The 280,000 square foot facility is expected to be completed by the first quarter of 2022 and fully operational by the end of 2022. The new facility will optimize manufacturing operations and advanced technology development into one facility, combining operations from seven buildings into one. GE currently has approximately 400 hourly and salaried employees who will be located at the new facility. "This project is setting the stage for the future of this business by allowing us to serve our customers better due to lean productivity and an increase in flexibility as a workforce, that will improve and maintain our competitiveness for the future," said Kristie West, general manager, GE Aviation.
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MIDD | Hot Stocks10:24 EDT Middleby reports Q2 orders to-date up 31% from 2019 levels - In presentation slides disclosed ahead of Middleby Corporation participating in the William Blair Growth Stock Conference on June 2 and the KeyBanc Capital Markets Industrials & Basic Materials Conference on June 3, the company reported that total company orders in Q2 to-date are up 31% versus to-date Q2 2019 orders. Additionally, consolidate backlog increased to $705M at Q1 2021 from $508M at year-end 2020, the company noted in the presentation slides. In a slide on Middleby's strategic M&A focus, the company stated: "Middleby is clearly positioned for additional opportunities in Commercial Foodservice, Food Processing and Residential Kitchen." Middleby also stated in the slides that it is "a proven and experienced acquirer."
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BLBD | Hot Stocks10:18 EDT Blue Bird expects electric bus sales to accelerate through rest of 2021 - School bus manufacturer Blue Bird Corporation announced that during an annual dealer meeting in late May the company reported the "milestone of 500 electric-powered school buses delivered or on order." Blue Bird added in a press release regarding its milestone: "As the only school bus manufacturer that produces and sells all three school-bus body configurations in EV, Blue Bird expects its electric bus sales to accelerate through the rest of 2021."
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MZDAY | Hot Stocks10:11 EDT Mazda Motor reports May U.S. sales up 69.2% to 42,187 vehicles - Mazda North American Operations reported total May sales of 42,187 vehicles, an increase of 69.2% compared to May 2020. With 26 selling days in May, compared to the same number the year prior, the company posted an increase of 69.2% on a Daily Selling Rate, or DSR, basis.
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CSOD | Hot Stocks10:09 EDT Cornerstone OnDemand jumps after Clearlake discloses activist stake - Shares of Cornerstone OnDemand are jumping after Jose Feliciano's Clearlake Capital Group disclosed an 8.3% stake in the company, which represents over 5.5M shares. The filing with the SEC allows for activism. Clearlake initially acquired the shares for investment purposes, but said it changed its intent and is "currently evaluating alternatives for their current investment and potential future investment" in Cornerstone. Towards that end, Clearlake has engaged in communications with members of management and the board for the "review and evaluation of strategic alternatives, opportunities to increase shareholder value, Issuer operations, governance and control." Clearlake Capital added that it may seek to enter into a non-disclosure agreement. Shares of Cornerstone OnDemand are up 5%, or $2.20, to $46.17 in morning trading.
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SAH | Hot Stocks10:00 EDT Sonic Automotive falls -5.6% - Sonic Automotive is down -5.6%, or -$2.85 to $48.31.
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BEKE | Hot Stocks10:00 EDT KE Holdings falls -6.7% - KE Holdings is down -6.7%, or -$3.63 to $50.48.
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IMAX | Hot Stocks10:00 EDT Imax falls -7.0% - Imax is down -7.0%, or -$1.56 to $20.71.
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MDLA | Hot Stocks10:00 EDT Medallia rises 13.9% - Medallia is up 13.9%, or $3.50 to $28.57.
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AMC | Hot Stocks10:00 EDT AMC Entertainment rises 21.8% - AMC Entertainment is up 21.8%, or $6.98 to $39.02.
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PEI | Hot Stocks10:00 EDT Pennsylvania REIT rises 24.9% - Pennsylvania REIT is up 24.9%, or 64c to $3.21.
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BSY | Hot Stocks09:51 EDT Skydio announces partnership with Bentley Systems - Skydio announced Bentley Systems has joined DroneDeploy and RealityCapture in Skydio's technology partner ecosystem as a preferred photogrammetry solution for 3D Scan datasets. "We are excited to partner with Skydio to help our users safely, reliably, and repeatedly generate the photo datasets required to create amazing 3D models and digital twins. Infrastructure assets like roads and bridges, rail and transit systems, utilities, and buildings and industrial facilities are very complicated and capturing them accurately and precisely is hard to do manually. Combining the Skydio drone automation with the high-performance and highly scalable 3D reconstruction capabilities of Bentley's ContextCapture will enable our users to create great models, more frequently, and more cost effectively than before." - Robert Mankowski, SVP of Digital Cities at Bentley.
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FDP | Hot Stocks09:50 EDT Fresh Del Monte partners with I Squared Capital for digital era - Fresh Del Monte Produce announced its partnership with I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities, digital infrastructure, transport, and social infrastructure in the Americas, Europe and Asia. By creating this partnership and investing in the I Squared Global InfraTech Fund, Fresh Del Monte takes the next step in transforming into a digital-forward company with technology-enabled capabilities to further enhance its products and customer satisfaction. The fund invests in innovative growth-stage companies applying technology in various infrastructure sectors, including logistics, supply chain, and agriculture. Fresh Del Monte and I Squared Capital will share investment prospects, seek to co-invest in certain deals, and offer general support by sharing research and learnings in certain technology fields, including Internet of Things, energy storage, and vertical farming.
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RENN | Hot Stocks09:47 EDT Renren falls -4.5% - Renren is down -4.5%, or -49c to $10.46.
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IMAX | Hot Stocks09:47 EDT Imax falls -5.2% - Imax is down -5.2%, or -$1.16 to $21.11.
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BEKE | Hot Stocks09:47 EDT KE Holdings falls -5.6% - KE Holdings is down -5.6%, or -$3.02 to $51.09.
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MDLA | Hot Stocks09:47 EDT Medallia rises 9.3% - Medallia is up 9.3%, or $2.33 to $27.40.
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BB | Hot Stocks09:47 EDT BlackBerry rises 10.7% - BlackBerry is up 10.7%, or $1.24 to $12.80.
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AMC | Hot Stocks09:47 EDT AMC Entertainment rises 13.5% - AMC Entertainment is up 13.5%, or $4.33 to $36.37.
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BIGC | Hot Stocks09:45 EDT BigCommerce launches B2B Edition to aid B2B merchants enhance sales - BigCommerce announced the global launch of B2B Edition, a new offering that enhances the selling experience for B2B enterprise merchants. "B2B Edition provides an advanced suite of B2B functionalities through our exclusive partner integration of BundleB2B with BigCommerce Enterprise to help merchants better facilitate online operations, and provide customers with seamless transactions and convenient self-service account capabilities," the company said. "United Aqua Group has a unique membership-based business model for pool and spa business owners, which creates a complex set of requirements for our ecommerce backend," said Scott Ferguson, vice president at United Aqua Group. "Through the full suite of capabilities provided by BigCommerce B2B Edition, we are able to provide our members all the B2B functionality necessary for their business-specific purchasing while offering the visual, content-focused experience that gives the feel of a B2C site. We're confident knowing we now have a flexible and customizable platform that addresses all of our business needs."
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PBI | Hot Stocks09:44 EDT Pitney Bowes expands locker portfolio with launch of ParcelPoint Smart Lockers - Pitney Bowes announced the expansion of its lockers portfolio with the launch of ParcelPoint Smart Lockers, "a new suite of robust, secure contactless locker solutions unique to Pitney Bowes. Ideal for organizations planning the safe reopening of offices, college campuses and government agencies, these smart lockers give organizations the confidence that every package and asset moving across a location will be delivered safely and securely. Powered by proprietary SaaS software, organizations can remotely manage a single locker or a fleet of lockers across locations, backed up with unrivalled local Pitney Bowes service, support and detailed analytics," the company said. Kerry Caylor, Vice President, SendTech Parcel and Locker Innovation, Pitney Bowes said, "The global automated parcel locker market is expected to exceed $1.4 billion by 2027, driven by organizations looking for ways to manage the exponential growth in ecommerce and parcel volume. Pitney Bowes ParcelPoint Smart Lockers with powerful SaaS software make it easy for organizations to automate, streamline and digitize their parcel and mail management and deliver a user-friendly contactless pickup experience. By providing the both pre-configured and customized options, we're giving organizations the choice and flexibility to select the smart locker solution that exactly matches their requirements and the needs of the clients they serve."
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ADTN | Hot Stocks09:42 EDT Adtran selected by Tavistock to deliver 10 Gps broadband in Florida - ADTRAN announced Tavistock Development Company is using the ADTRAN Total Access 5000 10G fiber access platform with XGS-PON technology to deliver Florida's first 10 Gbps high-performance broadband service to Sunbridge, its newest community in Central Florida. Working through service provider 832 Communications, Tavistock will provide up to 10 Gbps symmetrical FTTH services to an anticipated 10,000 residents over the next 10 years. "ADTRAN's solutions provide the flexibility, reliability and ease of use Tavistock needs to build out an exceptional network and support the unique needs of the 27,000-acre Sunbridge community," the company said.
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ADM | Hot Stocks09:39 EDT ADM Ventures collaborates with Genesis Consortium to support startups - ADM Ventures, the corporate venture capital arm of ADM, announced its collaboration with the Genesis Consortium, founded by Silicon Valley-based investors SOSV and Mayfield Fund. "Genesis is a global alliance of venture capital firms and corporations dedicated to supporting startups that leverage biology to promote human and planetary health. SOSV is the parent company of IndieBio, a leading startup accelerator and early-stage investor for biology-centered startups worldwide," the company said. "ADM and the Genesis Consortium share a common focus at the intersection of sustainability, nutrition, and health and wellness. We view the Genesis Consortium as a conduit through which ADM can collaborate with emerging players in the industry to bring to market new, natural products that simultaneously meet consumer demands and solve pressing global challenges," said Ian Pinner, ADM's Chief Strategy and Innovation Officer. "Innovative startups are unlocking scientific advancements by leveraging biology and fermentation to produce nutritional, health and wellness, and bio-material solutions sustainably and cost-competitively. ADM is focused on leveraging its deep expertise in fermentation to accelerate the commercialization of these game-changing innovations."
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LIXT | Hot Stocks09:38 EDT Lixte, City of Hope enroll first patient in Phase 1b trial of LB-100 - Lixte Biotechnology Holdings announced the enrollment of the first patient in a Phase 1b clinical trial with City of Hope.The trial will assess the combination of Lixte's protein phosphatase 2A inhibitor LB-100 with a standard regimen for previously untreated, extensive stage-disease small cell lung cancer.
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AMP | Hot Stocks09:37 EDT Ameriprise Financial applies for a state industrial bank charter - Ameriprise Financial has filed an application to convert Ameriprise Bank, FSB to a state-chartered industrial bank regulated by the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation. The company is also filing an application to transition the FSB's personal trust services business to a new limited purpose national trust bank regulated by the Office of the Comptroller of the Currency. "The changes do not impact the company's long-term growth strategy for the bank and enables Ameriprise to continue offering its strong lineup of banking solutions, including deposits, credit cards, mortgages and securities-based lending to its wealth management clients without interruption. Converting to an IB charter will help the company align capital frameworks across its businesses to compete more effectively and efficiently," the company said.
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VVPR | Hot Stocks09:35 EDT VivoPower announces proposed $58M Nordic distribution deal - VivoPower International announced that the Company and its wholly-owned subsidiary, Tembo e-LV B.V., have entered into a non-binding Heads of Terms with leading ruggedized vehicle converter Arctic Trucks Limited for Arctic Trucks to convert and distribute Tembo electric light vehicles in Norway, Sweden, Iceland and Finland. Under the proposed agreement, Arctic Trucks would commit to purchase 800 Tembo e-LV conversion kits through December 2026. Based upon the Company's estimates, these orders could be worth an estimated $58 million in total value over the life of the Proposed Agreement. The Proposed Agreement must be finalized prior to June 30, 2021, unless the parties agree to an extension, and all purchase commitments would be subject to the terms and conditions set forth in the final agreement. Under the Proposed Agreement, it is intended that Arctic Trucks would commit to purchase the 800 kits from VivoPower as scheduled over the duration of the agreement, acquire an equal number of Land Cruisers or Hilux from Toyota, convert the vehicles to ruggedized e-LVs using the Tembo solutions, sell the units on and be retained by customers for servicing and maintenance. VivoPower and Arctic Trucks intend to finalize the Proposed Agreement as soon as practicable.
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PAVM | Hot Stocks09:34 EDT PAVmed launches digital health company Veris Health - PAVmed announced the launch of a new subsidiary, digital health company Veris Health, which acquired Oncodisc, a digital health company with tools to improve personalized cancer care through remote patient monitoring. Oncodisc was founded by experienced physician entrepreneurs, James Mitchell, M.D., who joins Veris as its full-time Chief Medical Officer, and Andrew Thoreson, M.D., who will serve as a Veris consultant. Oncodisc's core technologies include the first intelligent implantable vascular access port with biologic sensors and wireless communication, combined with an oncologist-designed remote digital healthcare platform that provides patients and physicians with new tools to improve outcomes and optimize the delivery of cost-effective care through remote monitoring and data analytics. Its groundbreaking vascular access port contains biologic sensors capable of generating continuous data on key physiologic parameters known to predict adverse outcomes in cancer patients undergoing treatment. Wireless communication to the patient's smartphone and its cloud-based digital healthcare platform efficiently and effectively delivers actionable real time data to patients and physicians. The technologies are the subject of multiple patent applications and one allowed patent awaiting final issuance. Veris is targeting FDA 510(k) clearance of the intelligent implantable vascular access port and launch of the remote digital healthcare platform for H2-2022. The planned Veris business model seeks to generate 100% recurring revenue through oncology practice and hospital-based subscriptions. These entities would purchase seats on the platform and pay a monthly remote monitoring charge to drive revenues from remote patient monitoring and device implantation under existing CPT codes, as well as established CMS Oncology Care Model bonuses and CMS Quality Reporting Program incentives. Veris also anticipates strong demand for its intelligent implantable vascular access port and remote monitoring platform from oncology biotherapeutic companies to support clinical trials of their novel immunotherapy and chemotherapy agents with continuous physiologic data and transformative analytics. PAVmed formed Veris Health Inc., a Delaware Corporation, as a wholly owned subsidiary, which in turn entered into a Stock Purchase Agreement to acquire 100% of the outstanding shares of Oncodisc Inc. from Oncodisc Holdings LLC, including all of Oncodisc's intellectual property, hardware, and software assets. In exchange, PAVmed granted Oncodisc Holdings LLC a 19.6% equity interest in Veris and provided $155,250 in cash to pay off two Oncodisc convertible notes. No additional cash consideration or PAVmed stock consideration was provided. A Shareholder Agreement between the parties provides additional terms and conditions concerning certain regulatory and commercial milestones, anti-dilution protection and other customary provisions. PAVmed will manage Veris through a Management Services Agreement until such time that the Veris Board of Directors decides to engage a dedicated management team and will finance its operations through intercompany advances until Veris decides to raise its own capital. Mitchell and Thoreson have entered into employment and consulting agreements, respectively, which include stringent intellectual property assignment and non-compete provisions.
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CNI KSU | Hot Stocks09:33 EDT CN says over 400 added letters of support filed with STB supporting KCS deal - CN (CNI) and Kansas City Southern (KSU) announced that "the overwhelming stakeholder support for their proposed pro-competitive combination continues to grow," stating that more than 400 additional letters of support were filed with the Surface Transportation Board, or STB, since the two companies agreed to combine, "taking the total to over 1,400, including a letter of support from Governor John Bel Edwards of Louisiana." The companies added: "The benefits of the transaction are underscored by the more than 400 additional letters that have been filed with the STB since the two companies agreed to combine on May 21. The letters express support for a proposed CN-KCS combination, the use of a voting trust to complete the combination, or both. This brings the total number of support letters for a CN-KCS combination to well over 1,400. CN and KCS will continue to communicate and engage with their customers and other key stakeholders as they work towards gaining approval of their voting trust and completing their combination."
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ZM | Hot Stocks09:26 EDT Zoom Video CFO net dollar expansion rate to remain above 130% for few quarters - In its earnings conference call yesterday, Zoom Video CFO Kelly Steckelberg stated: "Our net dollar expansion rate for customers with more than 10 employees exceeded 130% for the 12th consecutive quarter as customers acquired more Zoom Meetings, Rooms, Webinars and Phone products. For this customer subset, we expect the net dollar expansion rate to remain above 130% for the next few quarters. For customers with 10 or fewer employees, which are not included in its net dollar expansion metric, we expect that cohort to be lower than FY '21 as more volatile - and more volatile as economies continue to reopen."
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ZVO | Hot Stocks09:24 EDT Fullstack Academy, Cleveland State University partner to enhance tech skills - Fullstack Academy, a company part of the Zovio network, announced a partnership with Cleveland State University to "bring an accelerated tech skills training program to Ohio, which will qualify students for well-paying, in-demand jobs across the state," the company said. The Cleveland State University Tech Bootcamps will help close the region's skills gap by offering three unique tracks, teaching highly marketable skills in either cybersecurity, coding or data analytics in 26 weeks. With LinkedIn reporting nearly 1,000 available entry-level tech positions across Ohio, "graduates will be properly equipped and prepared to immediately enter the workforce," the company added. "Cleveland is quickly establishing itself as an attractive market for tech talent as industry professionals continue to migrate to the region for employment outside of the traditional U.S. tech hubs," said Mogan Subramaniam, President of Fullstack Academy. "From some of the country's largest corporations to the state's promising startups, several opportunities exist for those aiming to change careers and enter a growing industry. By joining forces with a reputable partner in Cleveland State, we are well suited to help Ohio continue to grow its tech presence in the Midwest."
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CAKE | Hot Stocks09:21 EDT Cheesecake Factory provides business update on restaurant sales - The Cheesecake Factory Incorporated provided a business update in advance of the company's participation at two upcoming investor conferences. Fiscal 2021 second quarter-to-date through May 31st comparable sales for The Cheesecake Factory restaurants increased approximately 196% year-over-year and 7% relative to the same period in fiscal 2019, supported by approximately one-third off-premise sales mix. Based on average weekly sales quarter-to-date of approximately $226,500, this equates to approximately $11.8M on average, per unit on an annualized basis. As of today, nearly all of the company's restaurants across its concepts, including 206 Cheesecake Factory locations, are operating with reopened indoor dining rooms with limited capacity in accordance with local mandates and social distancing protocols. On average, Cheesecake Factory restaurants with reopened dining rooms are operating at approximately 70% indoor capacity and approximately 75% total on-premise capacity including patios. One Cheesecake Factory location is operating an off-premise only model and two locations across the Company's concepts are currently closed with plans to reopen next week. One new Flower Child location opened in Atlanta last month.
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NUVCF | Hot Stocks09:21 EDT Nuvei secures scheme licenses to process UK payments post-Brexit - Nuvei Corporation announced that its wholly owned FCA regulated subsidiary has secured the scheme licenses to continue acquiring and processing Mastercard and Visa payments for merchants based in the United Kingdom beyond the expiry of the FCA Temporary Permissions Regime. Coming at a crucial time in the eCommerce boom and the impending expiration of the FCA Temporary Permissions Regime, merchants in the UK can continue leveraging Nuvei's full suite of products and solutions to process payments, with approved licenses.
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BFLY | Hot Stocks09:20 EDT Butterfly Network second-generation iQ+ approved in Canada - Butterfly Network announced that its second-generation iQ+ has been approved for a Class III Medical Device License in Canada. The iQ+ features the world's only Ultrasound-on-Chip technology, with several hardware and software advances designed to improve usability and care delivery. "We are excited that the Butterfly iQ+ will now be available for purchase by Canadian medical professionals," said Todd Fruchterman, MD, Ph.D., President and Chief Executive Officer of Butterfly Network. "Thousands of new practitioners and millions of patients will now have access to a transformative advanced assessment tool that can deliver valuable insights that enable more informed clinical decisions at the point of care." With Canada's approval, Butterfly iQ+ is now available in 20 countries across the world.
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MUDS TOPP | Hot Stocks09:18 EDT Topps reports Q1 revenue $166.6M, up 55% year-over-year - The Topps Company announced that total net sales for the first quarter ended April 3, 2021 increased 55% over the same period a year ago to approximately $166.6M. In addition, Major League Baseballand Topps reaffirmed that their licensing relationship, under which Topps offers a variety of MLB physical and digital products, is unchanged and will continue to include Topps Major League Baseball NFT trading card products. On May 12, 2021, Mudrick Capital Acquisition Corporation II (MUDS), a publicly-traded special purpose acquisition company, filed its preliminary proxy in connection with its proposed business combination with The Topps Company. Topps expects to report full first quarter 2021 results concurrent with the filing of the first amendment to the proxy by MUDS. Upon closing of the transaction, the combined company will be named Topps and will be listed on NASDAQ under the new ticker symbol "TOPP."
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DTE | Hot Stocks09:18 EDT Brose enrolls in in DTE's MIGreenPower voluntary renewable energy program - DTE Energy and Brose today announced Brose's enrollment in DTE's MIGreenPower voluntary renewable energy program. Brose's clean energy purchase of 11,445 megawatt hours annually will avoid 81,110 metric tons of CO2 over the company's 10-year contract. This has the environmental benefit equal to the carbon sequestered by 99,000 acres of U.S. forests in a year.* Brose's MIGreenPower commitment will be sourced from new clean energy projects that are currently under development and scheduled to come online in early 2023.
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NVVE RMO | Hot Stocks09:17 EDT Nuvve Holding and Romeo Power partner for electric vehicle-to-grid integration - Nuvve Holding (NVVE) and Romeo Power (RMO) announced a collaboration to integrate communication protocols between Nuvve's vehicle to grid - or V2G - platform and Romeo Power's battery management system. This integration of Nuvve's communication agent with Romeo Power's BMS should enable Romeo Power battery systems to become V2G compatible, regardless of the commercial vehicle platform. Nuvve's V2G technology should also allow excess energy from Romeo Power battery packs in parked EVs to be collected, stored, and shared to optimize grid stability. Additionally, Romeo Power expects to be able to monitor and measure specific data related to battery life.
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BAH | Hot Stocks09:17 EDT Booz Allen awarded 5-year, $674M contract by GSA - Booz Allen Hamilton was awarded a 5-year, $674M contract by the General Services Administration, or GSA, to maintain and support the exponential growth of the Department of Defense's Advana data analytics platform to improve decision making across the organization. Advana, led by the Office of the Under Secretary of Defense, integrates hundreds of business systems across the DoD - from financial and medical data to personnel and logistics - to make data widely accessible, understandable and usable. The platform is currently used by over 20,000 users spanning 42 DoD organizations in order to meet critical mission and business challenges.
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GHSI | Hot Stocks09:17 EDT Guardion Health Sciences closes acquisition of Activ Nutritional - Guardion Health Sciences announced the closing of the first acquisition in its strategy to more widely compete in the clinical nutrition market. The Company closed on the recently announced Equity Purchase Agreement with Adare Pharmaceuticals to acquire all of the equity of Activ Nutritional, LLC for a cash payment of $26 million, subject to certain adjustments. Activ Nutritional, LLC, is a subsidiary of Adare Pharmaceuticals, Inc. and manufacturer of the Viactiv line of chewable mineral supplements for bone health and other applications. Currently marketed through many of the nation's largest retailers, including, among others, Walmart, Target, CVS and Amazon, the Viactiv product lines are expected to become Guardion's most prominent product lines, as well as to provide access to significant opportunities in the short-term for growth and expansion. The Company will be filing a Current Report on Form 8-K with the U. S. Securities and Exchange Commission to provide additional information on the closing of this transaction. Additionally, within 71 days after the date that such Current Report on Form 8-K is required to be filed with the SEC, the Company will prepare and file with the SEC an amendment to such Current Report on Form 8-K that includes required audited financial statements and pro forma financial information pursuant to applicable SEC regulations.
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HMBL | Hot Stocks09:15 EDT HUMBL enter strategic collaboration with Athletes First - HUMBL announced it has retained Athletes First as a strategic consultant to focus on the development of new business verticals in such areas as non-fungible tokens, digital media and ticketing. Athletes First will support HUMBL in delivering elite, white-glove service for a select group of A-list sports and entertainment talent, with an initial focus on creating highly-curated NFT galleries alongside Emmy-nominated creative house Goat Farm Media. Athletes First will also provide HUMBL with introductions in the ticketing industry, marketing and promotional support, and access to Athletes First's digital content library.
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SRNE | Hot Stocks09:15 EDT Sorrento Therapeutics completes ACEA acquisition - Sorrento Therapeutics announced that it has completed the acquisition of ACEA Therapeutics The merger was completed on June 1 and at such time, ACEA became a wholly owned subsidiary of Sorrento. The total value of the consideration payable to the holders of securities of ACEA in the merger was $38,000,000, subject to certain adjustments for interest expenses, indebtedness, transaction expenses and cash. In total, 5,519,469 shares of Sorrento common stock were issued at closing in satisfaction of certain outstanding indebtedness of ACEA. In addition to the foregoing consideration, and subject to the achievement of certain clinical and sales milestones , Sorrento will pay the ACEA equity holders (i) up to $450,000,000 in additional payments, subject to the receipt of certain regulatory approvals and achievement of certain net sales targets with respect to the assets acquired in the merger and (ii) with respect to specified royalty-bearing products, five to ten percent of the annual net sales thereof, in each case in accordance with the terms of an earn-out agreement.
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NLOK | Hot Stocks09:15 EDT NortonLifeLock announces the launch of Norton Crypto - NortonLifeLock announced the launch of Norton Crypto, a new feature designed to enable consumers to safely and easily mine cryptocurrency through its trusted Norton 360 platform. Starting tomorrow, select Norton 360 customers in Norton's early adopter program will be invited to mine for Ethereum. "As the crypto economy continues to become a more important part of our customers' lives, we want to empower them to mine cryptocurrency with Norton, a brand they trust," said Vincent Pilette, CEO of NortonLifeLock. "Norton Crypto is yet another innovative example of how we are expanding our Cyber Safety platform to protect our customers' ever-evolving digital lives."
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TGEN | Hot Stocks09:15 EDT Tecogen sels two InVerde e+ cogeneration systems to Brooklyn building - Tecogen is pleased to announce the sale of two InVerde e+ cogeneration systems to a large residential building in Brooklyn, New York. The system will provide 250 kW of onsite power for the building with the cogenerated heat used for space heating and domestic hot water for the facility.
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MSI | Hot Stocks09:14 EDT Malta Police deploy Motorola Solutions' body-worn cameras - Motorola Solutions announced that Malta Police Force has deployed Motorola Solutions' VB400 body-worn cameras to all frontline officers across the Republic of Malta. The roll out is part of Malta Police Force's transformation strategy which aims to modernize the police force while increasing trust and transparency with the community. The five-year service contract for the comprehensive video solution includes evidence management software to process captured video footage securely and the new Holster Aware feature which allows the camera to automatically start recording if a weapon is unholstered.
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NVS | Hot Stocks09:14 EDT Novartis announces primary analysis of pivotal Phase II ELARA trial of Kymriah - Novartis announced data from the primary analysis of the pivotal Phase II ELARA trial of Kymriah in patients with relapsed or refractory follicular lymphoma. Data will be presented as an oral presentation during the 2021 Annual American Society of Clinical Oncology, or ASCO, Virtual Scientific Meeting. In the primary ELARA analysis, 97 patients were infused and evaluated for safety, 94 patients were evaluable for efficacy with a median follow-up of 11 months. No patients experienced grade 3/4 cytokine release syndrome, the most common side effect associated with CAR-T therapy. Grade 1 or 2 CRS, as defined by the Lee Scale, occurred in 49% of patients. Grade 1 or 2 neurological events occurred in 9% of patients and one patient experienced grade 4 NEs and recovered. Sixty-five percent of patients experienced grade greater than or equal to adverse events within 8 weeks post-infusion, most commonly neutropenia and anemia. Three patients died from progressive disease and no deaths were treatment related. Kymriah was administered in the outpatient setting for 18% of patients in the ELARA trial. Kymriah led to responses for the majority of patients treated, with 66% achieving a complete response, or CR. The overall response rate was 86%. Response rates were consistent across high-risk patient subgroups, the company said. Stefan Hendriks, Global Head Cell & Gene, Novartis Oncology, said, "With deep experience in CAR-T cell therapy and the largest global manufacturing footprint, Novartis is boldly committed to bringing the benefits of Kymriah to more patients with advanced blood cancers, and we look forward to advancing global regulatory submissions in this indication as quickly as possible."
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ZIVO | Hot Stocks09:14 EDT Zivo Bioscience announces uplisting to Nasdaq - Zivo Bioscience announced the closing of its previously announced underwritten public offering of 2,760,000 units at a price to the public of $5.00 per unit. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $5.50. The common stock and warrants were immediately separable and were issued separately. The common stock and warrants began trading on the Nasdaq Capital Market on May 28, 2021, under the symbols "ZIVO" and "ZIVOW," respectively. ZIVO received gross proceeds of approximately $13.8 million, before deducting underwriting discounts and commissions and other estimated offering expenses. All share numbers and pricing information in this press release reflect the Company's previously announced 1-for-80 reverse stock split of its issued and outstanding common stock, which became effective at 12:01 a.m., Eastern Time, on May 28, 2021.
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TCS | Hot Stocks09:13 EDT Container Store announces five new additions to existing leadership - The Container Store has added five new company leaders to complement existing leadership. Four months into Satish Malhotra's role as CEO, he has hired key leaders and added three new roles: Chief Information Officer, Dhritiman Saha, Vice President of Merchandising, Michelle Gill, Vice President of Real Estate, Robert Higgins, Senior Director of Diversity, Equity and Inclusion, LaTisha Brandon, and Senior Director of Environmental, Social and Governance (ESG), Ivet Taneva. Chief Information Officer, Dhritiman Saha, will serve as the principal technology leader providing vision for developing and implementing technology strategies and initiatives company wide.VP of Merchandising is a new position at The Container Store that has been filled by Michelle Gill, reporting to Chief Merchandising Officer, John Gehre. Robert Higgins joined the team in late April as the new VP of real estate reporting to Chief Financial Officer, Jeff Miller. He will be responsible for formulating and executing growth strategies as well as overseeing the company's real estate portfolio. LaTisha Brandon will fill a new role of Senior Director of Diversity, Equity and Inclusion, building on the company's current strategy and leading its DE&I Taskforce under the leadership of Executive Vice President of Human Resources, John Marazio. Another new role for the company, Senior Director of ESG has been filled by Ivet Taneva. She will develop and lead a multi-prong strategy for ESG for The Container Store.
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SMCI | Hot Stocks09:12 EDT Super Micro Computer introduces Rack Scale Plug and Play Solutions - Super Micro Computer is introducing Rack Scale Plug and Play Solutions, turn-key, pre-defined, pre-tested, and validated rack-level solutions for advanced data center environments. Supermicro offers complete racks pre-configured with servers, storage, networking equipment, cabling, software configurations, and management infrastructure designed and built by a global in-house staff. Supermicro works directly with customers on the system architecture, workload demands, and final solution validation. The Supermicro rack level designs are initially targeted for Cloud, AI, 5G/Edge, and High Performance Computing. CEO Charles Liang presented Rack Scale Plug and Play Solutions at Computex Taipei on June 2.
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PTOTF | Hot Stocks09:12 EDT Patriot One's Xtract AI wins contract with Canada Department of National Defence - Patriot One Technologies announced that its wholly owned subsidiary, Xtract AI, has secured a 12-month contract worth $999,940 to adapt its artificial intelligence innovation platform to provide misinformation and disinformation detection for Canada's Department of National Defence. The contract, awarded as part of Canada's Innovation for Defence Excellence and Security program, calls for Xtract AI to deliver a prototype.
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AVID | Hot Stocks09:12 EDT Remote Picture Labs partners with Avid to 'transform' post production editing - Avid announced a multi-year partnership with Remote Picture Labs a leading provider of remote editing solutions for the Hollywood film and television industry. This agreement enables RPL to offer a virtual film and television post production solution that allows editors, assistant editors and producers to collaborate from anywhere using Avid's Media Composer software and Avid NEXIS storage products offered as a service to its customers. RPL has shifted its business model to address the changing landscape as media companies gravitate toward "as-a-service" offerings to support an increasingly distributed workforce, moving from perpetual licenses to subscription with Avid. Originally developed so that edit teams could work during the COVID-19 pandemic, the RPL solution provides all the system performance and functionality of traditional Avid workstations. Each virtualized client runs on RPL's high-performance private cloud in a robust, secure environment that possesses the same picture and audio quality and throughput found in on-premises edit bays. This continuity enables the seamless transition to a remote, collaborative environment, with content security assured through multi-factor authentication and AES-256 encryption. "A primary consideration from the outset was to let edit teams use their existing media and projects," said Erik Beauchamp, Chief Technical Officer at Remote Picture Labs.
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OM | Hot Stocks09:11 EDT Outset Medical, Satellite Healthcare announce multi-year agreement - Satellite Healthcare and Outset Medical announced a collaboration "to drive home hemodialysis adoption within Satellite Healthcare's nationwide network of dialysis centers," the company said. As part of the multi-year sales agreement, Satellite Healthcare will purchase and utilize Tablo systems for home hemodialysis. Further, the two organizations will collaborate on education and training initiatives to boost patient awareness and adoption of home dialysis options. "Satellite Healthcare has always been a progressive organization and at the leading edge of advancing at-home dialysis care," said Jeff Goffman, Satellite Healthcare's CEO. "We intend to lead this industry on the percentage of our patients dialyzing at home and believe personalized patient care will drive innovation for value-based care to improve quality and lower costs. We view our use of Tablo and our collaboration with Outset as a key relationship to realizing our vision."
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PHG AKU | Hot Stocks09:11 EDT Philips, Akumin partner to advance radiology performance - Royal Philips (PHG_ and Akumin (AKU) announced a strategic collaboration to deploy Philips' new Radiology Operations Command Center across Akumin's outpatient imaging centers and co-create clinical standards for Akumin's MR and CT imaging modalities. Designed to centralize, virtualize, and standardize network-wide imaging operations while facilitating secure remote access, Philips' vendor-agnostic command center broadens the scope of collaboration and expertise sharing between technologists, radiologists and imaging operations teams across multiple sites capabilities that fit perfectly into Akumin's networked imaging center model. Akumin, which currently operates over 130 outpatient imaging centers across seven U.S. states, is Philips' first large-scale commercial Radiology Operations Command Center customer in North America.
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SWCH DELL | Hot Stocks09:10 EDT Switch Dell to develop exascale data center campus in Texas - Switch (SWCH) announced the primary location of its Fifth Prime data center campus in Texas. The land purchase agreement with Dell Technologies (DELL) will allow Switch to construct over 1.5M square feet of its highly resilient Tier 5 data center space next to Dell's global headquarters in Round Rock, Texas. The Fifth Prime campus will be called "The Rock." Switch expects to begin site preparation and permitting at The Rock Campus in the summer of 2021. Switch will continue its industry-leading commitment to sustainability by powering these facilities with 100% renewable energy.
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STE | Hot Stocks09:10 EDT Steris completes Cantel Medical acquisition - Steris announced that it has completed the previously announced acquisition of Cantel Medical, a global provider of infection prevention products and services to endoscopy, dental, dialysis and life sciences Customers. "We are pleased to announce the closing of the Cantel Medical acquisition, which will complement and extend STERIS's product and service offerings, global reach and Customers," said Walt Rosebrough, President and Chief Executive Officer of STERIS. "We welcome Cantel people to the STERIS team, and look forward to working together to create more value for our Customers, our people, and our shareholders." Guggenheim Securities served as financial advisor to STERIS and Jones Day as legal counsel. JPMorgan Chase Bank, N.A., served as sole lead arranger and bookrunner in respect of certain financing. Centerview Partners LLC served as exclusive financial advisor to Cantel and Wachtell, Lipton, Rosen & Katz as legal counsel.
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WTKWY | Hot Stocks09:09 EDT Wolters Kluwer, MK Decision announce collaboration - Wolters Kluwer Compliance Solutions and MK Decision are collaborating to offer U.S. deposit institutions a digital account opening capability using MK Decision's digital account opening platform in concert with Wolters Kluwer's dynamic, compliant Expere Deposit electronic disclosure documents. The integration provides document generation and delivery capabilities for compliant account agreements, allowing MK Decision to deliver to financial institutions a platform for centralized, compliance content management that uses Wolters Kluwer's industry-best regulatory compliance content offerings. "Collaborating with MK Decision is an exciting development for us in the digital account opening space, as it addresses an ongoing challenge for financial institutions in keeping disclosure documents compliant with the rapid pace of regulatory changes. This is particularly challenging for community banks and credit unions with constrained resources," said Steven Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. "The combined capabilities of Wolters Kluwer and MK Decision particularly helps level the playing field for community banks and empowers financial institutions of all sizes through the provision of dynamic, compliant account opening documents available to customers in real time."
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AVGO | Hot Stocks09:08 EDT Broadcom launches Adaptive Protection capability - Broadcom announced the launch of Adaptive Protection, an advanced capability as part of the Symantec Endpoint Security solution. Leveraging the latest advanced machine learning techniques built on decades of Symantec endpoint security experience, Adaptive Protection delivers enhanced security that is automated and customized for each customer's environment while ensuring zero impact to productivity. Adaptive Protection effectively enables enterprises to stay ahead of cyber attacks and stop breaches before they happen.
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APDN | Hot Stocks09:07 EDT Applied DNA Sciences adds summer camp for safeCircle pooled COVID-19 testing - Applied DNA Sciences announced that its wholly-owned subsidiary, Applied DNA Clinical Labs, has secured a safeCircle pooled COVID-19 surveillance testing contract with Camp Chateaugay, an overnight summer camp program for teens and kids based in New York's Adirondack Mountain region. The acquisition of safeCircle's newest client reflects the service's focus on niche markets for COVID-19 testing and the re-opening of venues for sales opportunities in which routine COVID-19 pooled surveillance testing would lower the risk of virus spread as vaccinated and under-vaccinated populations come into close contact. Pooled surveillance testing of all campers will be conducted prior to the start of each of two summer sessions and once on-site. Samples will be collected via anterior nasal swabs that offer ease-of-use for all ages. Aggregate testing results will be reported to the director of the summer camp via safeCircle's integration with CLEARED4, the Company's pooled surveillance testing program partner, through CLEARED4's smartphone-based online health safety management and reporting solution. Testing will be conducted from mid-June through end-July.
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INUV | Hot Stocks09:06 EDT Inuvo announce expansion of its IntentKey AI platform for Canadian market - Inuvo announces the expansion of its IntentKey AI platform for advertising into the Canadian market where advertisers can now take advantage of a technology that has consistently delivered market beating performance results. Rich Howe, Chief Executive Officer of Inuvo, commented, "The value proposition for Canadian companies is strong: we can serve both their domestic and American advertising objectives; we can beat current providers performance results; we can run it all for them or they can use it in-house; and we are future proof as our technology is not dependent on third-party data or cookies because it was designed to uncover signals of intent that define the why that drives a product/service purchase, not the who that is behind that purchase. In the new cookieless world, who will become irrelevant as targeting predefined users or personas becomes increasingly difficult."
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ARCT | Hot Stocks09:06 EDT Arcturus Therapeutics granted exclusive RNA polymerase license - Arcturus Therapeutics has been granted an exclusive license of an enzyme for an RNA polymerase by Primordial Genetics, a synthetic biology company developing enzymatic production systems for nucleic acids. The enzyme was discovered by Primordial to meet the challenge of manufacturing high-quality, long RNAs for therapeutic applications. Primordial owns proprietary technology relating to RNA manufacturing, specifically its collection of RNA polymerase genes, promoters, and proteins that may be used to synthesize RNA.
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STM | Hot Stocks09:06 EDT STMicroelectronics, MetaLenz partner for optical sensing - STMicroelectronics and Metalenz announced a co-development and license agreement that will see ST develop manufacturing processes for Metalenz's meta-optics technology for next-generation smartphones, consumer devices, healthcare, and automotive applications. Metalenz is a spin-out of the group of Federico Capasso at Harvard University, where the technology was invented. This breakthrough technology is expected to be ready for mass production by the end of this year. Metalenz's multifunctional meta-surface optics enable new forms of sensing for the next generation of smartphones and other consumer devices, as well as healthcare and automotive applications.
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MMM | Hot Stocks09:06 EDT Sopheon announces global deployment of management system at The 3M Company - Sopheon announced The 3M Company is using its Accolade software for new product development throughout its global enterprise. 3M's cross-functional innovation teams rely on Sopheon Accolade to streamline processes, manage risk, optimize decision-making and accelerate time to market. "R&D is the heartbeat of 3M," said Elizabeth Edblom, Ph.D., Director, Corporate Research & Development Global Strategy and New Growth at 3M. "Innovation is the thread that connects our four business groups to the vast amount of science conducted by the thousands of scientists and researchers we have around the world. The unprecedented enterprise-wide transparency provided by the Sopheon Accolade platform allows us to know what's going on in new product commercialization before, during and after launch. Additionally, Accolade's unique portfolio management capabilities provide business leaders with planning and performance insights required to govern the millions of dollars 3M invests in innovation. Finally, 3M is proud of our Sustainability Value Commitment for all new products - and Sopheon Accolade helps make that possible."
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SWN | Hot Stocks09:06 EDT Indigo Natural Resources confirms merger with Southwestern Energy - Indigo Natural Resources announced that it has entered into a definitive merger agreement with Southwestern Energy Company, under which Southwestern will acquire Indigo for approximately $2.7B. The total consideration of $2.7B will be comprised of $400M in cash, approximately $1.6B in SWN common stock and $700M in aggregate principal amount of assumed 5.375% Senior Notes due 2029 of Indigo. This release constitutes the public announcement of the intention of Indigo to effect a Change of Control, as defined under the indenture governing the Notes. The transaction was unanimously approved by each of Southwestern Energy's and Indigo's board of directors. The transaction is expected to close early in the fourth quarter, subject to regulatory approvals, customary closing conditions and the approval by Southwestern Energy's shareholders.
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COOP | Hot Stocks09:05 EDT Xome launches Xome Xpert Seller Program - Xome introduced its Xome Xpert Seller Program, which provides options for borrowers affected by the pandemic and unable to reinstate their mortgage. Through this program, servicers can connect their borrowers with real estate professionals and guide them through the marketing and sales process of their home, leveraging Xome's auction platform. Additionally, the program offers homeowners the opportunity to take advantage of cost savings while ensuring a smooth transition throughout the process.
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CAT | Hot Stocks09:04 EDT Caterpillar working to minimize impact of shortages on customers
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MS MSFT | Hot Stocks09:04 EDT Morgan Stanley, Microsoft collaborate to accelerate cloud transformation - Morgan Stanley (MS) and Microsoft (MSFT) announced a strategic cloud partnership aimed at accelerating the firm's digital transformation and shaping the future of innovation in the financial services industry. The companies will strike a unique collaboration to unlock the opportunities that Microsoft's cloud provides with a specific view toward the challenges of financial services and enabling Morgan Stanley to accelerate the modernization of its IT environment to enhance client, employee and developer experiences.
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CG | Hot Stocks09:04 EDT Carlyle Group makes strategic investment in Neogov - Carlyle Group and existing investor Warburg Pincus, a global growth investor, have made a "significant" investment in Neogov, a provider of public sector human capital management and policy management software. Terms of the transaction were not disclosed. Founded in 2000, Neogov provides a software-as-a-service human capital management platform to automate and streamline the employee lifecycle for state and local government, education, public safety, and other public sector customers. Neogov's software is designed specifically for the unique requirements of these complex and regulated end-markets and serves more than 6,500 organizations. The new investment from Carlyle Group and Warburg Pincus will allow Neogov to capitalize on a number of organic and inorganic growth opportunities, including investing in Neogov's operations and go-to-market teams. In addition to expansion into new markets, Neogov will continue to serve as a platform for meaningful M&A in the broader government technology landscape. Equity capital for Carlyle's investment will come from Carlyle Partners VII, an $18.5B fund that makes majority and strategic minority investments primarily in the U.S.
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NVS | Hot Stocks09:04 EDT Novartis announces updated overall survival results for Kisqali in MONALEESA-3 - Novartis announced updated median overall survival, or OS, results for Kisqali in combination with fulvestrant in postmenopausal women with hormone receptor positive, human epidermal growth factor receptor-2 negative metastatic breast cancer. The exploratory analysis of OS after an additional 16.9 months of follow-up of the Phase III MONALEESA-3 trial evaluated Kisqali plus fulvestrant as first- or second-line treatment compared to fulvestrant alone in postmenopausal women with HR+/HER2- metastatic breast cancer. The analysis found that with extended follow-up of more than four years, Kisqali in combination with fulvestrant continued to demonstrate a clinically relevant OS benefit of more than a year compared with fulvestrant alone. After a median follow-up of 56.3 months, median OS for patients taking Kisqali in combination with fulvestrant was 53.7 months vs. 41.5 months for fulvestrant alone. Additionally, Kisqali plus fulvestrant had prolonged OS in the first-line and second-line treatment subgroups, the company said. These updated median OS data will be presented in an oral presentation at the 2021 American Society of Clinical Oncology, or ASCO, Annual Meeting.
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WIFI | Hot Stocks09:04 EDT Digital Colony completes acquisition of Boingo Wireless - Boingo Wireless and an affiliate of Digital Colony Management announced that funds managed by affiliates of Digital Colony completed their acquisition of Boingo. The transaction, which was previously announced on March 1, 2021, valued Boingo at approximately $854M, including the assumption of $199M of Boingo's net debt obligations. Under the terms of the merger agreement, which was approved by Boingo's stockholders at a special meeting held on June 1, 2021, Boingo stockholders will receive $14 in cash per share of Boingo's common stock. As a result of the completion of the transaction, Boingo is now a privately-held company and its common stock no longer trades on the NASDAQ. "With the adoption of 5G, Wi-Fi 6 and CBRS, demand for converged indoor networks will continue to dramatically increase over the next decade. As a leading indoor digital infrastructure provider serving the connectivity needs of essential properties, Boingo is ideally positioned to build on its market leadership and capitalize on this growth opportunity," said Marc Ganzi, Colony Capital President and CEO of Colony Capital and CEO of Digital Colony. "This investment represents a unique platform that will only further be enhanced by Digital Colony's strong operational capabilities, industry relationships, and access to capital. We look forward to working with Mike and the entire Boingo team as they continue to advance its business strategy in developing and deploying reliable networks and serving their diverse set of high-quality customers."
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NOK | Hot Stocks09:04 EDT Nokia partners with SaskTel to deliver high-bandwidth services - Nokia today announced that it is working with SaskTel to deliver gigabit speed across Saskatchewan. SaskTel will deploy Nokia's XGS-PON technology to support high-bandwidth consumer and business applications. For its consumer subscribers, SaskTel is deploying Nokia's XGS-PON to its existing and future fiber-served communities, beginning with initial roll-out in Regina and Saskatoon with additional communities to follow. Nokia's technology will support faster broadband speeds and support SaskTel's delivery of its maxTV and maxTV Stream video products and its Optimum In-home Wi-Fi service. Residents will be able to easily stream HD video and video conferencing, play multi-player online gaming, and support remote learning and telehealth.
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CAT | Hot Stocks09:03 EDT Caterpillar: Demand increasing 'quite strongly'
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CAT | Hot Stocks09:03 EDT Caterpillar intends to keep higher dividends going - Comments taken from the Bernstein Strategic Decisions Conference.
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HYMTF | Hot Stocks09:03 EDT Hyundai Motor America reports total May sales of 90,017 units, up 56% y/y - Hyundai Motor America reported total May sales of 90,017 units, a 56% increase compared with May 2020. Hyundai again set an all-time monthly sales record for the third consecutive month. Fleet sales increased 95%, representing 6% of total volume. May was also the best retail month ever, with 84,351 retail sales, up 54%. Retail sales rose for the entire lineup with SUVs (+34%), cars (+105%) and eco-friendly vehicles (+887%), all growing substantially. Eco-friendly vehicles also accounted for 11% of the retail volume.
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INMB | Hot Stocks09:03 EDT INmune Bio's candidate XPro1595 receives chemical drug name pegipanermin - INmune Bio announced that the United States Adopted Name Council USAN has adopted the name "Pegipanermin" for its lead clinical candidate, XPro1595. "We are pleased that USAN has approved pegipanermin as the generic name for XPro1595," stated RJ Tesi, MD, Chief Executive Officer of INmune Bio. "Applying for and receiving a generic drug name is a necessary step in the drug development process that reflects that a program has matured beyond the experimental stage to the development stage with a potential path to market. In the near term, we will be evaluating pegipanermin as a potential treatment for Alzheimer's disease and treatment resistant depression. We look forward to advancing this novel compound into Phase 2 studies in two CNS indications later this year." INmune reported positive Phase 1b Alzheimer's data in January 2021 demonstrating that XPro1595 decreased neuroinflammation and neurodegeneration biomarkers in patients with mild to moderate Alzheimer's. The company is planning to initiate two Phase 2 clinical trials of XPro1595, in Alzheimer's and Treatment Resistant Depression, in 2021.
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MEOH | Hot Stocks09:02 EDT Methanex releases 2020 Sustainability Report - Methanex Corporation released its 2020 Sustainability Report to share its progress on the material environmental, social and governance topics of most importance to the company's business and stakeholders. Methanex has reported on its sustainability performance since 1997 and this year's report provides greater transparency and comparability by aligning its disclosures with the Sustainability Accounting Standards Board standards and some elements of the Task Force on Climate-related Financial Disclosures and Global Reporting Initiative. The 2020 Sustainability Report describes Methanex's actions to reduce greenhouse gas emissions from operations, outlines how the company manages climate-related opportunities and risks for its business, and identifies the technology solutions it is exploring to further reduce emissions from operations. Report highlights in these areas include: Ordering eight new methanol dual-fuel vessels for the Waterfront Shipping fleet, the world's largest dedicated fleet of methanol ocean tankers - 60 per cent of which will be powered by methanol fuel technology by 2023. When methanol is used as a marine fuel, it can result in an 80 per cent reduction in nitrogen oxides, 85 per cent reduction in particulate matter, 99 per cent reduction in sulphur oxides and 15 per cent lower carbon dioxide emissions during combustion compared to traditional marine fuel. Obtaining International Sustainability & Carbon Certification for the biomethanol produced at two of the Geismar, Louisiana, plants using biomethane from municipal solid waste and other sources. This certification will enable Methanex to sell biomethanol to European customers under the Renewable Energy Directive, which sets targets for energy from renewable sources for fuel suppliers. Producing more than 59,000 tonnes of low-carbon methanol at the Medicine Hat, Alberta, plant by using carbon dioxide captured from a neighbouring industrial facility that would otherwise be released to the atmosphere.
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FYBR ACA | Hot Stocks09:01 EDT Frontier names Scott Beasley as Chief Financial Officer - Frontier Communications Parent (FYBR) announced that Scott Beasley will join the company as Chief Financial Officer on June 14, 2021. Beasley was most recently Chief Financial Officer of Arcosa (ACA). He will report to Nick Jeffery, Frontier's President and Chief Executive Officer.
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CNDT | Hot Stocks08:59 EDT Conduent announces contract from New Hampshire Department of Health - Conduent announced a contract from the New Hampshire Department of Health and Human Services DHHS, to provide Medicaid beneficiaries in the state with improved, secure access to their personal health information, enabling them to make more informed healthcare decisions. The company's solution will improve how information is exchanged between payers, providers and patients, as well as support efficient care coordination. Through a web portal developed by Conduent, beneficiaries will have the ability to locate healthcare and pharmacy providers in their network, as well as seamlessly and securely review their information and share it with various providers. The contract also brings New Hampshire into compliance with the Interoperability and Patient Access Final Rule, a federal regulation put into effect by the Centers for Medicare and Medicaid Services. The rule, finalized in 2020, is expected to have a major impact nationally on the future of healthcare, making health information more easily available to patients and allowing them to safely share their data. The contract marks an expansion of Conduent's support for NH DHHS, a client since 2013. The company currently provides the department with claims processing and provider services for New Hampshire's Medicaid program, as well as management of its Medicaid Management Information System (MMIS), which processes more than 15 million claims annually.
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BFAM | Hot Stocks08:58 EDT Bright Horizons joins the White House to offer free child care for vaccinations - Bright Horizons has teamed up with the White House to offer free child care to help Americans get their COVID-19 vaccine. The initiative will help achieve the administration's goal of getting 70% of American adults vaccinated by July 4. Starting immediately, employees at participating organizations can secure back-up child care at a Bright Horizons early education and child care centers while they receive their first dose, second dose, or if they need time to recover from any side effects of the vaccination.
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ORBT | Hot Stocks08:58 EDT Orbit International to recommence stock repurchase program - Orbit International announced that its Board of Directors has authorized the Company to recommence its share repurchase program with an approval to purchase up to $600,000 of its common shares. The $600,000 program would normally be reduced by the amount of any cash dividend payments made to its shareholders; however, the Board did not commit to recommencing its quarterly cash dividend, which it suspended along with its share repurchase program in May 2020 and April 2020, respectively, due to the COVID-19 pandemic. The Company currently has bank approval for up to $600,000 of share repurchases and cash dividend payments under its current lending agreement and is in the process of increasing the amount to $850,000 in connection with the extension of its line of credit agreement with its primary lender. The Company expects to have the extension completed by the end of the current second quarter.
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BOX | Hot Stocks08:57 EDT Box commences modified Dutch auction tender offer to purchase $500M of its stock - Box announced that it commenced a "modified Dutch Auction" tender offer to purchase up to $500M in value of shares of its issued and outstanding Class A common stock, or such lesser number of shares of its Class A common stock as are properly tendered and not properly withdrawn, at a price not less than $22.75 per share nor greater than $25.75 per share, to the seller in cash, less any applicable withholding taxes and without interest. The tender offer is made in accordance with the terms and subject to the conditions described in the offer to purchase and the related letter of transmittal, as each may be amended or supplemented from time to time. The closing price of Box's Class A common stock on the New York Stock Exchange on June 1, 2021, the last full trading day before the commencement of the tender offer, was $23.97 per share. The tender offer is scheduled to expire at 12:00 midnight, New York City time, at the end of the day on June 29, 2021, unless the offer is extended or terminated. Tenders of shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer.
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MEEC | Hot Stocks08:57 EDT Midwest Energy Emissions announces debt repayment agreement - Midwest Energy Emissions announced that it has entered into a debt repayment agreement with AC Midwest Energy, an affiliate of Alterna Capital Partners, a registered investment advisor, which will repay all existing secured and unsecured debt obligations presently held by Alterna. Pursuant to the Debt Repayment and Exchange Agreement with Alterna, ME2C Environmental shall repay the existing $0.3 million secured note outstanding in cash as well as the existing $13.2 million principal amount outstanding under an unsecured note through a combination of cash and stock. Alterna is also entitled to a certain non-recourse profit share under the unsecured note which will be satisfied also through a combination of cash and stock. The completion of the transaction described herein is subject to various closing conditions.
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DBTX | Hot Stocks08:57 EDT Decibel Therapeutics appoints Dr. William Carson as Chairman of the Board - Decibel Therapeutics announced the appointment of William H. Carson, M.D., as Chairman of the Board of Directors. Dr. Carson, a board-certified psychiatrist, brings over 20 years of experience in the biopharmaceutical industry. He was most recently the President and CEO of Otsuka Pharmaceutical Development & Commercialization, In leading the development and regulatory approvals of Otsuka's global compounds.
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CTRE ENSG | Hot Stocks08:56 EDT CareTrust approves transfer of operations in four facilities to Ensign Group - CareTrust REIT (CTRE) confirmed that it has approved a request from longtime tenant Five Oaks Healthcare, L.L.C. to transfer the operations in four of its CareTrust-owned skilled nursing facilities to affiliates of The Ensign Group, Inc. (ENSG), effective June 1, 2021. The four Washington state facilities will be added to an existing long-term, triple-net master lease between CareTrust and Ensign. The master lease, one of eight legacy multi-facility master leases between CareTrust and Ensign operating affiliates, was also amended to extend its remaining primary lease term by ten years to 2036.
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MTBC | Hot Stocks08:55 EDT CareCloud closes acquisition, accelerates growth in the hospital market - CareCloud announced its continued expansion into the hospital and health system market, through its acquisition of industry leading businesses that provide IT consulting, strategic advisory services and workforce augmentation solutions to hospitals in the U.S., Canada and the Caribbean. The acquisition officially closed on June 1. as CareCloud acquired certain assets from MedMatica Consulting Associates, including assets MedMatica previously acquired from Santa Rosa Consulting. "We are incredibly impressed with what the MedMatica team has been able to accomplish, and are excited to invest in their continued growth," said Stephen Snyder, CareCloud's Chief Strategy Officer. "By combining MedMatica's proven processes, domain knowledge, and deep health system relationships with our operational scale, resources, and broad technology capabilities, this synergistic combination enables CareCloud to better meet the evolving needs of existing hospital clients, broadens our value proposition and positions us for further growth." "
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PPSI | Hot Stocks08:54 EDT Pioneer Power board of directors declare one-time cash dividend of 12c per share - On June 1, 2021, the company's Board of Directors declared a one-time special cash dividend of 12c per common share. The dividend will be paid on July 7, 2021 to shareholders of record as of June 22, 2021. The dividend will be funded with surplus cash on the company's balance sheet.
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VZ | Hot Stocks08:54 EDT Verizon expands 5G Home Internet to more U.S. cities - Beginning June 3, customers in parts of Columbus, OH; Greensboro, NC and Raleigh, NC can sign up for 5G Home Internet, the blazing-fast broadband service ideal for people working remotely, schooling at home or streaming their favorite shows. And on June 10, the service will be available for customers in parts of Des Moines, IA; New Orleans, LA; Seattle, WA and Tucson, AZ. With the addition of these new cities, Verizon's 5G Home Internet will be available in 40 markets, with more on the way.
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VYST | Hot Stocks08:53 EDT Vystar Corp partners with Nothing in the Air for RxAir - Vystar Corporation's RxAir division has joined forces with a powerful new ally, Nothing in the Air to market and distribute the RxAir ultraviolet light air purifier product line. NITA expands Vystar's network of licensed distributors and will focus primarily on marketing online and via television in select markets. On June 3rd, NITA will roll out its first RxAir advertising campaign on ROKU, TV commercials during PBS healthcare programming, as well as an online campaign with RxAir customer testimonials.
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PPSI CLSK | Hot Stocks08:53 EDT Pioneer Power expands agreement with CleanSpark - Pioneer Power Solutions (PPSI) announced that it has extended and expanded its agreement with CleanSpark (CLSK). The company also announced that it has launched a new integrated power systems solution, PowerBloc, to address customer needs in the rapidly growing electric vehicle charging infrastructure market. The company signed a Distribution Agreement with CleanSpark that extends and expands the relationship between the two companies beyond their original agreement to the end of 2023. As part of this new agreement, Pioneer Power has expanded rights to use CleanSpark's proprietary software, mPulse and GridFabric OpenADR solution and bundle it with PowerBloc, Pioneer's integrated charging and power solution for EV infrastructure. In addition, CleanSpark received expanded rights to serve as a preferred distributor of PowerBloc.
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ESGC | Hot Stocks08:51 EDT Eros STX Global expands existing partnership with Xfinite's Mzaalo platform - Eros Now, a leading South Asian entertainment platform owned by Eros STX Global Corporation, announced details of its amended partnership with Mzaalo, a gamified video streaming service owned by Xfinite Global. "The partnership further establishes Eros Now's footprint in advertising video on-demand, a still-developing segment of the India streaming market that has significant growth potential, while allowing Eros Now to continue building its core subscription video on-demand service. This agreement, given Xfinite's innovative business model, also provides ErosSTX with positive optionality on the potential growth in digital assets and blockchain technology," the company said. ErosSTX is licensing the majority of the existing Eros Now content library to Xfinite on an exclusive basis for global AVOD monetization. The content excluded from this licensing agreement includes content licensed from third-parties with sub-licensing restrictions, and English-language content, including STX content. This agreement does not preclude Eros Now from launching its planned English-language service, Eros Now Prime, or from licensing content to other SVOD services. The Company believes this AVOD initiative will allow Eros Now to efficiently monetise a large and engaged userbase. The AVOD platform will play a key role in Eros Now's future content strategy and facilitate new release windows, which will give consumers more choices and flexibility. Eros Now currently plans to offer premium original titles and movies in the first window to Eros Now paying subscribers. Under the amended and restated agreement with Mzaalo, ErosSTX is entitled to a minimum guaranteed cash payment of $42M over the remaining four-year license term, ending December 2024. ErosSTX has already received $18M in minimum guaranteed payments under the original contract that started in 2018. Additionally, ErosSTX will receive a 50% share of any Mzaalo revenue generated above the minimum guarantee. Lastly, ErosSTX will receive 400 million XET Digital Tokens in exchange for access to Eros Now's database of registered users, which totalled 224M as of March 31, 2021.
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GRCL | Hot Stocks08:50 EDT Gracell reschedules clinical update conference call - Gracell Biotechnologies announced that it has rescheduled its conference call and webcast to present an update on the results of a Phase 1 first-in-human multicenter investigator-initiated study of the FasTCAR-enabled BCMA/CD19 dual-targeting CAR-T cell therapy, GC012F, in relapsed/refractory multiple myeloma. This data was accepted for poster presentations at the 2021 American Society of Clinical Oncology Annual Meeting and the European Hematology Association 2021 Virtual Congress. The conference call and webcast have been rescheduled to a time after the release of the e-poster presentation at the EHA 2021 Virtual Congress. Details for the rescheduled conference call are as follows: Monday, June 14, 2021 @ 8:00 am ET.
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RDUS | Hot Stocks08:49 EDT Radius says FDA requirements make abaloparatide generic 'more challenging' - FDA Guidance on Synthetic Peptides: On May 19, 2021 the FDA published updated guidance and requirements for synthetic peptides and what would be required in any generic filings and advancement. Radius views this new guidance as meaningful in assessing the probability of a generic synthetic peptide being filed and gaining market entry. In sum, the Company views these newly communicated FDA requirements as making it significantly more challenging to advance and develop a generic version of abaloparatide. The key components of the new FDA guidelines include: Recombinantly sourced peptides cannot be approved in an ANDA and must be submitted in a 505(b)(2) NDA; Explicit references to the potential for significant consequences if anti-drug antibodies cross-react against endogenous peptides; New impurities must be within the FDA's threshold; if greater, must be submitted as a 505(b)(2); Explicit expectation: ANDA with new impurity must evaluate immunogenicity risks prior to filing. RAD011 ASSET FDA Type C meeting for PWS will take place the week of June 14. Written minutes from the FDA meeting expected by the end of July. Post FDA discussion, expectation is to initiate a pivotal PWS trial before year end. Additional orphan indications being assessed in parallel - decisions and clarity in 2H, 2021. Multiple Advisory Board meetings completed: U.S., UK, EU for PWS plus a Psychiatry meeting. Internal team formed: clinical, pharm. science, regulatory, bio-stats, CMC, global franchise. External team established: manufacturing & supply chain, development, regulatory, advocacy/
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EVOK | Hot Stocks08:49 EDT USPTO grants Evoke a patent for Gimoti nasal spray - Evoke Pharma announced that the United States Patent and Trademark Office issued US patent No. 11,020,361 to the Company related to Gimoti or metoclopramide nasal spray. The patent covers methods of use for nasal delivery of metoclopramide for the treatment of gastroparesis. Gimoti is Evoke's nasal spray product for the relief of symptoms in acute and recurrent diabetic gastroparesis. The U.S. Food and Drug Administration approved the New Drug Application for Gimoti in June. This new patent, entitled "Nasal Formulations of Metoclopramide," carries a patent term to at least 2029 and is expected to be listed in the FDA's Orange Book. "We are pleased to announce the issuance of this new U.S. patent which further validates that Gimoti is innovative and novel. We believe Gimoti provides a new and effective option for treating patients that have erratic absorption of oral medications, as it is the first and only outpatient non-oral treatment to help improve the quality of life for patients suffering with diabetic gastroparesis," commented Dave Gonyer, President and CEO. "The issuance of this patent strengthens the intellectual property protection for Gimoti and supports our commercial efforts to make Gimoti the treatment of choice in the gastroparesis market."
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NEOG | Hot Stocks08:47 EDT Neogen's Viroxide Super approved by EPA for U.S. distribution - Neogen's Viroxide Super disinfectant has been granted an expedited, initial registration in the U.S. by the EPA, in part to help slow the spread of the virus that causes COVID-19. Viroxide Super is a peroxygen-based powder disinfectant that offers rapid broad-spectrum disinfection as part of a comprehensive biosecurity program. The U.S. EPA's initial registration for the distribution of NEOGEN Viroxide Super joins the approvals of other global regulatory agencies for the use of the disinfectant to help in the fight against the spread of disease.
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RDUS | Hot Stocks08:47 EDT Radius Health reports TYMLOS added 1,650 new patients in April - Radius Health provided a business update covering continued progress for the Company. Additional business updates will be provided as progress is achieved. U.S. TYMLOS Commercial Performance: TYMLOS added ~1,650 new patients in April; 1% growth vs. trailing 4-month average ; New patients: defined as those who have been prescribed TYMLOS and received their first dose ; ~67% of new patients in April were initiated by a fracture focused bone health account; Added 45 new fracture / bone health focused prescribers during the month of April. Life Cycle: ATOM Phase 3 pivotal study on schedule for readout: 2H, 2021 ; wearABLe Phase 3 pivotal study on schedule for readout: 2H, 2021; Anticipate abaloparatide depot formulation technical development work to commence 2H, 2021. Geographic Footprint: Europe: re-submission expected for abaloparatide SC to EMA in 2H, 2021; Canada: abaloparatide SC submission - by our partner - expected in January, 2022; Japan: 'planning discussions' with PMDA, a precursor to potential abaloparatide-TD agreement with Teijin; Rest of world: multiple discussions ongoing with variety of counterparties. Intellectual Property Portfolio Advancement: Three U.S. patents are presently listed in the Orange Book for TYMLOS: U.S. Patent No. 7,803,770 which expires on April 28, 2031 and U.S. Patent Nos. 8,148,333 and 8,748,382 which each expire on October 30, 2027. A fourth U.S. patent, U.S. Patent No. 10,996,208 directed to certain methods of analyzing abaloparatide to detect and quantify presence of beta Asp10, was issued on May 4, 2021 and will be added to the Orange book listing shortly; this patent expires on April 30, 2038. A new Japanese patent covering the abaloparatide transdermal system and its use in treating osteoporosis was granted in April, 2021 and will expire October 8, 2036.
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SGBX | Hot Stocks08:47 EDT SG Blocks acquires a membership interest in Atlanta, Georgia - SG Blocks announced that SGB Development, a subsidiary of SG Blocks, has acquired a membership interest to build 70,000 sq. ft of affordable housing in the Atlanta, Georgia metropolitan area to be known as "Norman Berry Village". SGB DevCorp has partnered with CMC, a New York City-based real estate development firm with national expertise, with ZT Architecture & Land Development and Community Development Consortium providing design build services. Units will be constructed at the company's SG Echo campus in Durant, Oklahoma, and shipped to Atlanta. SGB DevCorp will control the planning and construction process, netting revenue from design, manufacturing, site work, and asset ownership stake. The project will draw on the experienced leadership of local developer Shaun Belle, CMC President. The company anticipates this to be the first of many projects in which SGB DevCorp develops, designs, constructs and delivers either single family or multi-family homes, whether that be for purchase or for rent, depending on specific market need, with both affordability and quality in mind, given the nature of housing in the area.
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VCEL | Hot Stocks08:46 EDT Vericel appoints Lisa Wright to its Board of Directors, effective immediately - Vericel announced the appointment of Lisa Wright to its Board of Directors, effective immediately. Ms. Wright will serve as a member of the Governance and Nominating Committee of the Board. With the appointment of Ms. Wright, Vericel's Board is now comprised of eight directors, seven of whom are independent. Ms. Wright is President and Chief Executive Officer of Community Health Choice, Inc., a managed care organization with approximately 430,000 members and a provider community consisting of over 10,000 physicians and 100 hospitals in the greater Houston, Texas area. Previously, Ms. Wright served as a Regional President, Medicare, at WellCare Health Plans, Inc., President of Dual Special Needs Plan, Medicare-Medicaid Plan and Nursing Facilities at UnitedHealth Group, Inc., and in marketing programs management at Anthem, Inc. Ms. Wright currently serves on the boards of directors of several non-profit organizations. She received a Bachelor of Arts degree in Communication from the University of Kentucky and a Master of Business Administration from the University of Maryland, University College system.
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IBM | Hot Stocks08:44 EDT IBM expands relationship with Persistent Systems for hybrid cloud adoption - IBM announed that Persistent Systems plans to expand its relationship with IBM to help fuel open hybrid cloud adoption, core IT modernization and digital transformation for customers across the enterprise. Spanning more than 20 years, Persistent's collaboration with IBM grew from a project in security to collaborating on more than 400 shared customers. Persistent will evolve its Red Hat Center of Excellence by adding co-engineering PODs and specialized teams focused on product engineering and advanced technology skills. Persistent will continue to use IBM Security solutions like IBM Security QRadar SIEM in conjunction with its proprietary security operations centers. The company intends to onboard its Digital Banking Solution to the IBM Cloud for Financial Services. In addition, Persistent will build and deploy its Telco Network Cloud Manager solution on the IBM Cloud for Telecommunications.
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AKYA | Hot Stocks08:44 EDT Akoya Biosciences rolls out clinical research program for spatial biology - Akoya Biosciences announced the launch of Advanced Biopharma Solutions ABS as a premium service for biopharmaceutical companies interested in adopting multiplex immunofluorescence mIF workflows and spatial biomarker development in their translational pathology and immunotherapy programs. ABS is a component of Akoya's broader Clinical Research Program, a strategic initiative which aims to support the implementation of the Company's Phenoptics mIF platform and spatial phenotypic signatures for precision pathology, through partnerships with academic medical centers, contract research organizations, reference labs, and the biopharmaceutical industry.
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TDY | Hot Stocks08:43 EDT Teledyne FLIR launches new identiFINDER R700 backpack radiation detector - Teledyne FLIR, part of Teledyne Technologies, announced the launch of the identiFINDER R700 Backpack Radiation Detector, an advanced mobile system that offers capability for broad-area radiological monitoring missions. The company also announced that the U.S. Department of Homeland Security has placed the first order for the device as part of its Helium-3 Alternative Implementation Backpack Program. Programmed out of the Counter Weapons of Mass Destruction office, the $6.5M award spans nine months of product deliveries.
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AMYT | Hot Stocks08:43 EDT Amryt Pharma announces FDA acceptance of NDA for Oleogel-S10 - Amryt announces that the U.S. Food and Drug Administration has accepted for filing Amryt's New Drug Application for Oleogel-S10 for the treatment of Epidermolysis Bullosa. Oleogel-S10 is a potential treatment for the cutaneous manifestations of Junctional and Dystrophic EB, a rare and distressing genetic skin disorder affecting young children and adults for which there is currently no approved treatment. The FDA has informed Amryt that notification of any filing review issues, including priority review determination and the Prescription Drug User Fee Act target action date for the NDA will be provided by June 12, 2021. The NDA is supported by positive results from Amryt's pivotal global Phase 3 trial in EB reported in September, 2020. EASE was the largest ever global Phase 3 study conducted in patients with EB and is the first Phase 3 trial ever to demonstrate positive results in EB.
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EGLE | Hot Stocks08:41 EDT Eagle Bulk Shipping acquires two Ultramax bulkcarriers for $44M - Eagle Bulk Shipping announced that it has purchased two high-specification 2015-built scrubber-fitted Ultramax bulkcarriers for total consideration of $44 million. The vessels, which will be renamed the M/V Antwerp Eagle and M/V Valencia Eagle, are of the SDARI-64 design and were constructed at Jiangsu Hantong Ship Heavy Industry Co. The Company expects to take delivery of both ships during the third quarter of 2021. These acquisitions will be funded with cash on hand, which includes equity issued under the Company's ATM program. During the month of May, Eagle issued 475,894 shares of common stock at an average price of $47.39, raising a total of $22.5 million in gross proceeds. Separately, the Company has reached an agreement to sell the M/V Tern for $9.7 million. The sale is expected to close in July, prior to the vessel's statutory drydock and requisite ballast water treatment system installation due date. Following these transactions, Eagle's fleet will total 53 ships, with an average age of 8.7 years.
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MTCR | Hot Stocks08:41 EDT Metracrine meets full enrollment for MET409 Phase 2a combo trial - Metacrine announced that it has completed enrollment for its Phase 2a trial evaluating MET409 in combination with empagliflozin, Jardiance, a sodium-glucose cotransport-2 inhibitor, in patients with type 2 diabetes and non-alcoholic steatohepatitis . The Company plans to report topline data in the fourth quarter of 2021. "NASH is closely linked to several co-morbidities including type 2 diabetes and treating patients holistically will likely require combination therapies," said Hubert C. Chen, M.D., chief medical officer, Metacrine. "We are encouraged by the enthusiasm of investigators, and most importantly patients, in recognizing the potential benefits of our differentiated combinatorial approach. We're also grateful for the efforts of our clinical operations team in achieving this key milestone." SGLT-2 inhibitors, in addition to affording glycemic control, cardiovascular benefits and renal protection, have demonstrated positive effects on liver fat reduction. A daily oral combination treatment with an FXR agonist and SGLT-2 inhibitor could benefit patients with NASH and type 2 diabetes, a population that may be at greater risk for liver disease progression. The Phase 2a study is a 12-week, randomized, placebo-controlled, multi-center trial that enrolled over 120 patients to evaluate the safety, tolerability and pharmacological activity, as measured by reductions in liver fat content with magnetic resonance imaging-derived proton density fat fraction, MRI-PDFF, of MET409 and empagliflozin vs individual monotherapy components and placebo.
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ZEAL | Hot Stocks08:40 EDT Zealand, Boehringer Ingelheim receive Fast Track designation for BI 456906 - Boehringer Ingelheim and Zealand Pharma announced that the US Food and Drug Administration has granted Fast Track Designation to the GLP-1/glucagon dual agonist BI 456906 for adults with non-alcoholic steatohepatitis. The Fast Track Designation facilitates the development and expedites the review of new therapies to treat serious conditions and fill an unmet medical need. BI 456906 is currently being evaluated in a Phase II study in adults with NASH and liver fibrosis with and without diabetes. The GLP-1/glucagon compound derived from the natural gut hormone oxyntomodulin activates both the GLP-1 and glucagon receptors that are critical to controlling metabolic functions. The dual agonist BI 456906 has the potential to be a new, once-weekly treatment that may offer therapeutically relevant benefits compared to currently available treatments. It is also being investigated as a potential treatment option for adults living with diabetes and for adults living with obesity. It is part of Boehringer Ingelheim's research and development portfolio in the cardiometabolic disease areas.
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CHTR | Hot Stocks08:39 EDT 605 extends, expands agreement with Charter Communications - 605 and Charter Communications announced that they have reached an agreement to extend their existing viewership data licensing agreement into 2031. The agreement also includes a commitment by Charter to purchase a wider portfolio of specific 605 products and services on an annual basis. "We're greatly looking forward to Charter's utilization of 605's products and services to demonstrate the value of the capabilities we have worked so hard to introduce to the marketplace," said Kristin Dolan, founder and CEO of 605. "As we enter our fifth year of partnership with Charter, we are very pleased to have reached an agreement that enables us to utilize their rich data set, in conjunction with our other data partners, to further advance measurement, analytics and attribution through our industry-leading products, 605 PLATF0RM and 605 IMP4CT. This enhanced relationship positions our company well for continued growth and success."
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NHIC | Hot Stocks08:38 EDT Evolv Technology awarded U.S. Air Force contract - Evolv Technology announced the company has been awarded a contract with the United States Air Force to identify opportunities to bolster national safety interests through the deployment of Evolv's advanced security screening systems. Through the contract, Evolv will apply its leadership in using AI, machine learning, advanced sensors, on-demand analytics and related digital technologies for next-generation touchless weapons screening and threat detection. Working with program sponsors, the company will conduct feasibility studies on how the military and other federal government organizations can improve physical security while optimizing operations and reducing costs at military bases, air terminals, air shows, special events and other locations.
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BAX | Hot Stocks08:37 EDT Baxter launches Sharesource Analytics 1.0 for digital health module - Baxter International announced the launch of the Sharesource Analytics 1.0 premium module, the next generation of digital health for home-based peritoneal dialysis patients. "Sharesource Analytics 1.0 is a clinical management resource within the Sharesource remote patient management platform that provides healthcare professionals with a comprehensive dashboard containing simplified trend data from their home dialysis patients' treatments," the company said. Baxter plans on launching Sharesource Analytics 1.0 globally, initiating in the United States, on a rolling basis over the next year and making it available by subscription.
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RNGTF | Hot Stocks08:37 EDT Osisko Development announces drilling results from Cariboo project - Osisko Development is pleased to announce drilling results from the 200,000-meter 2021 exploration and category conversion drill program campaign at its Cariboo Gold Project in central British Columbia. A total of ten diamond drill rigs are currently at Cariboo. Mosquito Creek and Shaft Zone deposits are located on Island Mountain. To date in 2021, a total of 133 drill holes have been drilled on Island Mountain, designed to infill and expand known vein corridors. Recent results include holes IM-21-001 to IM-21-010. A total of 124 mineralized vein corridor solids are modelled on Island Mountain, to an average depth of 350 meters, to a maximum depth of 700 meters and remain open. Recent drill results show significant down dip expansion of modelled vein corridors illustrated in IM-21-009 that intersected 23.32 g/t Au over 15.0 meters. Recent Drilling Highlights: 21.94 g/t Au over 2.70 meters in hole IM-21-003; 23.48 g/t Au over 2.30 meters in hole IM-21-004; 5.24 g/t Au over 10.85 meters in hole IM-21-004; 13.39 g/t Au over 4.10 meters in hole IM-21-005 including 41.30 g/t Au over 1.30 meters; 23.32 g/t Au over 15.00 meters in hole IM-21-009 including 85.80 g/t Au over 1.00 meter and 118.50 g/t Au over 1.00 meter 16.83 g/t Au over 4.40 meters in hole IM-21-010 including 73.40 g/t Au over 0.80 meter. Mineralized quartz veins on Cariboo are overall sub-vertical dip and northeast strike. Vein corridors are defined as a high-density network of mineralized quartz veins within the axis of the last folding event's folds and hosted within a brittle meta-sandstone or calcareous meta-sandstone. Vein corridors are modelled at a minimum thickness of 2 meters and average about 4.5 meters true width. Individual mineralized veins within these corridors have widths varying from centimeters to several meters and strike lengths from a few meters to over 50 meters. These corridors have been defined from surface to a vertical depth averaging300 meters and remain open for expansion at depth and along strike. Gold grades are intimately associated with quartz vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins. True widths are estimated to be 60% to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays. Following the closing of the reverse takeover bid transaction by Osisko Gold Royalties on November 25, 2020 which lead to the launch of the Corporation and the transfer of certain Osisko Gold employees to the Corporation on January 1st, 2021, Osisko Gold and the Corporation mutually agreed that a pro-rata portion of the outstanding long-term equity incentive compensation awarded by Osisko Gold to transferred employees in the form of restricted shares units would be borne by the Corporation. The Boards of Directors of Osisko Gold and the Corporation, agreed that Osisko Gold would cancel a pro-rata portion of the outstanding restricted shares units awarded by Osisko Gold to transferred employees and the Corporation would grant to such transferred employees restricted shares units in an equivalent value as the value of the Osisko Gold RSU cancelled by Osisko Gold; which values were determined using a 5-day volume weighted average price of the respective entity on the exchange at a pre-determined reference date. Accordingly, the Corporation is pleased to announce that its Board of Directors has approved the grant and 404,240 Replacement RSUs were granted to officers who held Osisko Gold RSUs that were cancelled. The maturity date shall be the same as the maturity date of the corresponding Osisko Gold RSUs so cancelled.
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BIMI | Hot Stocks08:37 EDT BOQI International Medical unit awarded a RMB 20M contract - BOQI International Medical announced that its subsidiary, Chongqing Shude Pharmaceutical, an 80% owned wholesale distributor of generic drugs in China, has been awarded a drug supply contract of approximately RMB 20M by Chongqing Huilian Medicine. Pursuant to the supply contract Shude Pharmaceutical will supply primarily two products, calcium carbonate and serrapeptase enteric-coated tablets to Huilian Medicine for mutual benefits with sincerity and good faith. The contract term will end on December 31, 2021. Under the terms of the contract, each order will, among other requirements, be subject to quality-control verification and will require payment before product delivery. Mr Tiewei Song, Chief Executive Officer and President of the Company, commented: "We are delighted to be able to work with Huilian Medicine and to see Shude Pharmaceutical secure a major contract that will advance our expansion strategy which focuses on deeper penetration of the healthcare market in the Southwest region of China." Mr Bangquan Tan, Sales Director at Huilian Medicine, said: "We believe our cooperation with Shude Pharmaceutical, a well-regarded industry leader in wholesale drug distribution, will be very successful. We intend to bring more business growth opportunities to our partners to achieve mutual gains."
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EVBG | Hot Stocks08:35 EDT Everbridge's Digital Wayfinding solution launched in RVH in Ontario - Everbridge announced that Royal Victoria Regional Health Centre, RVH, in Ontario launched Everbridge's Digital Wayfinding navigation solution to help improve the patient and visitor experience. Digital Wayfinding features turn-by-turn indoor navigation and positioning for real-time, step-by-step directions as well as 'Where am I?' location points within the building. The RVH Maps app provides a step-by-step navigation tool that helps direct patients and visitors to any RVH location, including off-site locations. The app provides a directory of RVH departments, treatment clinics, programs and services along with detailed directions of how to get to a destination. Upon launching the RVH Maps app from home, the app will navigate users to RVH using Google Maps, then will display a 3-D map of RVH with written and voice prompt directions that follows the user, even rerouting them if they go off course. The tool is available in mobile app stores by searching and downloading 'RVH Maps' or by visiting RVH Maps on the web.
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HSC | Hot Stocks08:35 EDT Harsco increases fuel blending capacity at Calvert City facility - Harsco Corporation announced that the Calvert City, Kentucky, location of its Clean Earth division received the final authorization to operate the new tank farm, consisting of six, 15,000-gallon tanks. The new permit provides 90,000 gallons of additional capacity for the permitted activity of fuel blending. The Kentucky Division of Waste Management received an Inspection and Certification of Tank Farm Improvements report in April 2021. Based on Clean Earth Calvert City's tank systems being in good working condition, the permit was authorized, allowing the facility to now store and treat hazardous waste in the tanks. Clean Earth Calvert City's fuel blending services provide an economic and environmentally friendly recycling option for solvent-based liquids, sludges and solids. This service combines organic waste streams with other hazardous wastes as well as non-hazardous wastes to blend the material into an alternative fuel, which is then sent to a cement kiln to offset the use of fossil fuels in the manufacturing of cement. The Company's hazardous waste facility in Calvert City is a Resource Conservation and Recovery Act Part B permitted treatment, storage and disposal facility that manages solid, semi-solid, gas and liquid hazardous and non-hazardous waste from off-site generators. The addition of the newly permitted tank farm provides the facility with the opportunity to take advantage of the current capacity constraints within the marketplace, providing its customers with alternative solutions.
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FUSN | Hot Stocks08:34 EDT Fusion Pharmaceuticals to build radiopharmaceutical manufacturing facility - Fusion Pharmaceuticals entered a 15-year lease agreement with Hamilton, Ontario-based McMaster University to build a 27,000 square foot current Good Manufacturing Practice compliant radiopharmaceutical manufacturing facility. The facility, to be built by McMaster and equipped and validated by Fusion, will be designed to support manufacturing of the company's pipeline of targeted alpha therapies. Fusion expects the manufacturing facility will be operational by early 2024.
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DZSI | Hot Stocks08:33 EDT HREA partners with DZS to bring fiber broadband to northern West Virginia - DZS announced that West Virginia-based Harrison Rural Electrification Association HREA has teamed with DZS partner and regional telecommunications leader Digital Connections, Inc. to bring fiber broadband and voice services to its members and the wider community under a $19M U.S. Department of Agriculture Rural Development Broadband ReConnect Program grant. HREA has committed $6M of its own funds, bringing the overall funding of the project to service over 8000 residential and business subscribers to $25 million. Funds have already been released and construction will commence soon. "Bringing fiber broadband services to this region will be a game-changer, bringing residents an essential service that will better enable them to work, learn and communicate from home, all while driving economic development opportunities for the community," said Terry Stout, CEO and General Manager of HREA. "It is thrilling to collaborate with public and private partners like DZS who are dedicated to providing the resources, technology and know-how to bridge the digital divide that still persists in the U.S. today, but was really brought into focus by the Covid pandemic. A high-quality broadband connection has emerged as a vital utility to all Americans today, and just like when we first brought electricity to our rural region in the 1930s, we are stepping up to deliver what has become an equally essential service."
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SLGGF | Hot Stocks08:33 EDT SolGold, Cornerstone to advance Cascabel Project in Ecuador - SolGold and Cornerstone Capital Resources are pleased to announce they have agreed to work cooperatively to advance the Cascabel Project in northern Ecuador. Concurrently with advancing the Cascabel Project, the Parties will explore and evaluate a range of strategic and financing options focused on maximizing value for their respective shareholders with respect to the Cascabel Project. The respective Boards of Directors of the Parties are committed to this strategy while simultaneously supporting management and employees in their ongoing efforts to advance the Cascabel Project including finalization and delivery of a new technical report. Both SolGold and Cornerstone believe that pursuing these complementary paths is in the best interests of their respective shareholders, employees and stakeholders and is designed to maximize value for each company.
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KIN ELAN | Hot Stocks08:33 EDT Kindred Biosciences announces 'positive' results from study of KIND-030 - Kindred Biosciences (KIN) announced positive results from a pivotal efficacy study of KIND-030 in dogs infected by parvovirus. The primary endpoint was survival and the results showed 100% survival in the treated group versus 43% survival in the placebo group. KIND-030, a monoclonal antibody targeting canine parvovirus, is partnered with Elanco Animal Health (ELAN). In this randomized, blinded, placebo-controlled study, KIND-030 was administered to dogs after they tested positive for CPV infection. The primary endpoint of the study was met. The parvovirus challenge resulted in 57% mortality rate in the control dogs compared to 0% mortality rate in the KIND-030 treated dogs. The dogs did not receive any supportive care or other treatments.
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DLX HD | Hot Stocks08:33 EDT Deluxe names Scott Bomar as Chief Financial Officer - Deluxe (DLX) named Scott Bomar Senior Vice President and Chief Financial Officer. Bomar officially joins the company on June 14. Bomar joins Deluxe from the Home Depot (HD), where he held senior executive finance and operating leadership roles of increasing responsibility for 15 years.
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BK | Hot Stocks08:32 EDT BNY Mellon selected by Invesco for transfer agency services - BNY Mellon has been appointed by Invesco Fund Management and Invesco Management S.A. to provide transfer agency services to $100B of their respective ICVC and SICAV fund ranges. BNY Mellon already provides custody and fund administration services for the two fund ranges, which are domiciled in the UK and Luxembourg respectively. In addition, BNY Mellon provides custody, fund administration and transfer agency to some of Invesco's other Europe fund ranges, including Irish ETFs, Irish money market funds, UK investment trusts and German KVG funds.
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HPE | Hot Stocks08:31 EDT Circa Resort and Casino chooses Aruba to deploy Wi-Fi points across its hotel - Aruba, a Hewlett Packard Enterprise company (HPE), announced that Circa Resort and Casino, the first new downtown Las Vegas hotel and entertainment venue in over 40 years, has selected an end-to-end Aruba ESP-based network to deliver experiences at the 35-story, 777-room sports-themed property, as well as to satellite locations throughout Nevada, Colorado, and other jurisdictions, while saving nearly half a million dollars. Working with Evotek, Circa deployed a future-ready wireless network comprised of Aruba's Wi-Fi 6 indoor access points, outdoor APs, hospitality APs, and mobility controllers. For wired networking, Circa implemented Aruba's aggregation switches at the edge and CX Series switches in the data center. Beyond enabling onsite multicasting, Circa is providing modern in-room experiences such as connected lighting and IP TVs. "Deploying Aruba's wireless to guest rooms not only addresses user expectations, it also saved us nearly $500,000 versus installing a gigabyte passive optical network," said Ballard. "Aruba's licensing model was also significantly more attractive."
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SLGG | Hot Stocks08:30 EDT Super League finalizes acquisition of Mobcrush - Super League Gaming announced the successful closing of its previously-announced acquisition of Mobcrush Streaming. Mobcrush is a live streaming technology platform used by hundreds of thousands of gaming influencers who generate and distribute almost two million hours of original content annually and have accumulated more than 4.5 billion fans and subscribers across the most popular live streaming and social media platforms, including Twitch, YouTube, Facebook, Instagram, Twitter, and more. Mobcrush also operates Mineville, one of six official Minecraft servers in partnership with Microsoft, reaching more than 20 million players annually. On May 27. Super League shareholders approved the issuance of approx. 12.6 million shares of common stock as merger consideration to fund the acquisition of Mobcrush. The newly combined company provides a highly scalable, gaming-centric media platform for brands and advertisers to reach a monthly U.S. audience of over 75 million, which is one of the largest addressable audiences of gamers and equivalent to a Top 100 U.S. Nielsen media property. Together, Super League and Mobcrush expect to deliver more than 9 billion video views across digital and social media live streaming and on-demand platforms. "We are thrilled to complete this acquisition and have already been working towards our shared mission to empower passionate gamers and inspire them to create dynamic and highly engaging content," said Ann Hand, Chief Executive Officer of Super League. "In fact, we have already won our first deal as a combined company and know we are just getting started. With this powerful platform, we are ready to achieve a new level of scale through our incredible suite of proprietary tools accessible to all gamers as we work to capitalize on multiple opportunities to generate revenue from advertiser solutions, direct to consumer and content monetization."
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VRA | Hot Stocks08:29 EDT Vera Bradley announces limited-edition 'Love Stripe' collection - Vera Bradley announced it has designed a limited-edition "Love Stripe" collection in recognition of Pride Month to support the belief that inclusion, acceptance and love can create a brighter world for all. Featuring a rainbow palette of bright watercolor stripes, Vera Bradley's Love Stripe collection includes two of the brand's new Utility styles, both consciously crafted from recycled cotton: the Utility Sling Backpack and Utility Small Crossbody. One of the brand's best-selling Plush Throw Blankets and a PopSockets PopGrip complete the collection. Styles from Vera Bradley's Love Stripe collection range in price from $14.99 - $65 and are now available in all Vera Bradley Full Line Stores and on verabradley.com
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BTX | Hot Stocks08:28 EDT Brooklyn ImmunoTherapeutics establishes R&D center in Massachusetts - Brooklyn ImmunoTherapeutics announced it has established a research and development center in Cambridge, Massachusetts, to pursue its mRNA-based gene editing and cellular therapies. The company has co-located with Factor Bioscience Limited and Novellus Therapeutics Limited, from which Brooklyn has acquired an exclusive worldwide license to develop and commercialize certain cell-based therapies to treat cancer and rare blood disorders, including sickle cell disease, based on the patented technology and know-how of Factor and Novellus. Brooklyn's recently licensed platform from Factor and Novellus includes three novel technologies that the company expects to pursue at its new R&D location. The first is a highly efficient mRNA cell reprogramming method. The second is a mRNA-based gene editing technology which can be applied to both allogeneic and autologous cells and which eliminates potential for off-target effects. The third is a proprietary tunable nanolipid delivery system that provides efficient non-viral vector-based delivery of mRNA ex vivo and in vivo to skin, brain, eye and lung tissue.
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MPAA | Hot Stocks08:28 EDT Motorcar Parts announces extension of credit facility - Motorcar Parts of America announced it has extended the maturity date of the loan agreement of the company's existing credit facility led by PNC Bank, N.A. to May 2026 - including amendments which further enhance the company's strong liquidity base. The credit facility amount remains unchanged, with an aggregate facility of approximately $269M - consisting of a $238.62M revolver and a $30M term loan facility. "The extension and related amendments recognize the company's strategic milestones and the further benefits we expect to realize from our investments. We are gratified by the ongoing support of PNC Bank and the loan syndicate, and look forward to a continued strong working relationship," said Selwyn Joffe, chairman, president and chief executive officer.
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AVDL | Hot Stocks08:27 EDT Avadel Pharmaceuticals expands leadership team ahead of FT218 approval - Avadel Pharmaceuticals p announced it has appointed Jeff Cruikshank as Vice President, Sales; Denise Strauss as Vice President, Marketing and New Product Strategy; and Angela Woods as Vice President, People and Culture. These newly-created roles will continue to build the Company's capabilities to support the potential approval and commercialization of once-nightly FT218. As Vice President, Sales, Mr. Cruikshank will lead the development of Avadel's go-to-market customer model including the buildout and deployment of the Company's patient-focused sales team. Ms. Strauss, Vice President, Marketing and New Product Strategy, will be responsible for the market preparation and launch of FT218, future new product strategy, and building out the marketing team. Ms. Woods as Vice President, People and Culture, will lead the Company's human resources function, and will be responsible for implementing strategies that support the growth of the organization and cultivating a culture reflective of its vision and core values. "We believe once-nightly FT218 has the potential to truly impact the way people with narcolepsy are able to live their lives. As we accelerate our launch preparations and commercialization strategy ahead of the anticipated U.S. regulatory approval, we are thrilled to welcome these three talented biopharma leaders to our growing team," said Greg Divis, Chief Executive Officer of Avadel. "Jeff, Denise and Angela each bring diverse experience to Avadel. Their collective expertise launching innovative therapies in competitive markets and scaling organizations will be invaluable as we progress toward our shared vision of making FT218 available to patients seeking a new treatment option for managing the relentless daytime and nighttime symptoms of narcolepsy."
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TVTX | Hot Stocks08:27 EDT Travere Therapeutics completes enrollment in Phase 3 PROTECT Study - Travere Therapeutics announced completion of patient enrollment in the Phase 3 PROTECT Study. The pivotal PROTECT Study is evaluating the safety and efficacy of sparsentan for the treatment of IgA nephropathy, a rare kidney disorder that often progresses to end-stage kidney disease. Topline efficacy data from the interim 36-week proteinuria endpoint analysis are expected in August 2021. The PROTECT Study is a global, randomized, multicenter, double-blind, parallel-arm, active-controlled pivotal Phase 3 clinical trial evaluating the safety and efficacy of sparsentan in approximately 380 patients with IgAN. The PROTECT Study protocol provides for an unblinded analysis of at least 280 patients to be performed after 36 weeks of treatment to evaluate the primary efficacy endpoint - the change in proteinuria at Week 36 from baseline. The interim assessment of the PROTECT Study is designed to support potential submissions under the Subpart H pathway for accelerated approval in the United States, and potential Conditional Marketing Authorization in Europe. Secondary efficacy endpoints include the rate of change in eGFR following the initiation of randomized treatment over 58-week and 110-week periods, as well as the rate of change in eGFR over 52-week and 104-week periods following the first six weeks of randomized treatment in approximately 380 patients.
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WIT | Hot Stocks08:26 EDT Wipro, Finastra partner to accelerate digital banking across Asia-Pacific - Wipro Limited and Finastra announced a partnership to help corporate banks across Asia-Pacific accelerate their digital transformation. The companies will create an offering that combines Wipro's comprehensive services catalogue with Finastra's front-to-back trade finance and cash-management solutions. "A recent Finastra study showed that corporate banking clients have shifted their focus towards real-time execution capabilities, access to online platforms, and value-add services. In response, banks are moving away from the traditional relationship management model to become digital platform players that can meet client needs in a faster, flexible and more agile way. The partnership will help banks make this transition quickly through access to Wipro's service portfolio, from consulting and digital to infrastructure and operations, and Finastra's leading solutions - Fusion Trade Innovation and Fusion Cash Management," the company said.
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MARA | Hot Stocks08:26 EDT Marathon Digital produces 226.6 bitcoins in May - Marathon Digital Holdings published unaudited bitcoin production and miner installation updates for May 2021. Corporate Highlights as of June 1, 2021: Produced 226.6 new minted bitcoins during May 2021, increasing total bitcoin holdings to approximately 5,518 with a fair market value of approximately $203.4 million; Cash on hand was approximately $191.8 million and total liquidity, defined as cash and bitcoin holdings, was approximately $395.1 million; Received approximately 16,809 S-19 Pro ASIC miners from Bitmain year to date with an additional 1,911 S-19 Pro ASIC miners currently in transit; Increased active mining fleet to approximately 17,655 miners, generating approximately 1.9 EH/s' On May 31, 2021, announced that the Company's Bitcoin mining pool, MaraPool, was adopting and implementing Bitcoin Core version 0.21.1. As of June 1, 2021, Marathon's mining fleet has produced approximately 580.5 newly minted bitcoins during 2021. By month, the Company's bitcoin production was as follows: January 2021: 50.4 BTC; February 2021: 43.4 BTC; March 2021: 97.9 BTC; April 2021: 162.1 BTC; May 2021: 226.6 BTC. As a result, Marathon currently holds approximately 5,518 BTC, including the 4,812.66 BTC the Company purchased in January 2021 for an average price of $31,168 per BTC. On May 31, 2021, the fair market value of one bitcoin was approximately $36,857, implying that the approximate fair market value of Marathon's current bitcoin holdings is approximately $203.4 million. As of June 1, 2021, Bitmain has delivered approximately 16,809 S-19 Pro ASIC miners to the Company's mining facility in Hardin, MT, all of which were delivered on time and as scheduled. During the month of May, Marathon installed 5,571 new miners, increasing the Company's active mining fleet to approximately 17,655 miners, generating approximately 1.9 EH/s. New miners continue to be installed on a daily basis. Based on current delivery and installation schedules, Marathon continues to expect all previously purchased miners to be fully installed by the end of the first quarter of 2022, at which point, the Company's mining fleet will consist of approximately 103,120 miners, generating approximately 10.37 EH/s. On May 31, 2021, Marathon announced that the Company's Bitcoin mining pool, MaraPool, was adopting and implementing Bitcoin Core version 0.21.1, which includes the Taproot soft fork, without modification. As a result, MaraPool will no longer filter transactions. The update is expected to begin this week with Taproot signaling commencing the following week, at which point, the pool will begin validating transactions in a manner consistent with all other miners who use the standard node.
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AMC | Hot Stocks08:25 EDT AMC says over 3.2M individual investors owned stake as of March 11 - AMC Entertainment said that more than 3.2M individual investors owned a stake in AMC as of March 11, 2021. The company announced the launch of "AMC Investor Connect" to communicate directly with its retail shareholders, which it notes comprised more than 80% ownership of the company as of March 11.
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QADA QADB | Hot Stocks08:25 EDT Qad Inc. signs partnership agreement with TCC Technology in Thailand - QAD announced that it has signed a partnership agreement with Bangkok-based T.C.C. Technology, making TCCtech a channel partner in Thailand. "TCCtech is Thailand's leading carrier-neutral data center. Carrier-neutral data centers allow interconnection between colocation and interconnection providers. The company provides best-in-class infrastructure services, managed services and business solutions," the company said. Under the terms of the agreement, TCCtech will provide consultation to prospective customers during the pre-sales process for QAD Adaptive ERP.
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IMPL | Hot Stocks08:24 EDT Impel NeuroPharma gives update - Impel NeuroPharma, Inc. is a late-stage pharmaceutical company focused on utilizing its proprietary technology to develop and commercialize transformative therapies for people suffering from diseases with high unmet needs, with an initial focus on diseases of the CNS. The Company's strategy is to rapidly advance its product candidate pipeline that pairs its proprietary Precision Olfactory Delivery (POD system with well-established therapeutics, including INP104 for the acute treatment of migraine, INP105 for the acute treatment of agitation in patients with autism, and INP107 for OFF episodes in Parkinson's disease.
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RAIN | Hot Stocks08:24 EDT Rain Therapeutics enters patient referral partnership with Caris - Rain Therapeuticsy announced a patient referral partnership with Caris Life Sciences. Under the terms of the partnership, Caris will provide patient referral services using their molecular intelligence trials platform for Rain's planned Phase 2 MDM2-amplified tumor-agnostic basket trial for RAIN-32, an oral MDM2 inhibitor in patients with certain solid tumors with pre-specified MDM2 amplification levels and wild type p53.
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GMAB BOLT | Hot Stocks08:23 EDT Genmab, Bolt Biotherapeutics announce oncology research collaboration - Genmab A/S (GMAB) and Bolt Biotherapeutics. (BOLT) announced that the companies have entered into an oncology research and development collaboration. Together, the companies will evaluate Genmab antibodies and bispecific antibody engineering technologies in combination with Bolt's proprietary Boltbody immune-stimulating antibody conjugate technology platform, with the goal of discovering and developing next-generation, immune-stimulatory, antibody-based conjugate therapeutics for the treatment of cancer. This research collaboration will evaluate multiple bispecific ISAC concepts to identify up to three clinical candidates for development. Genmab will fund the research, along with the preclinical and clinical development of these candidates through clinical proof of concept. Under the terms of the agreement, Genmab will pay Bolt an upfront payment of $10M. Genmab will also make a $15M equity investment in Bolt. Bolt is eligible to receive total potential milestone payments of up to $285M per therapeutic candidate exclusively developed and commercialized by Genmab, along with tiered royalties. Genmab will fully fund pre-clinical and early clinical development of all candidates. If a candidate is co-developed, development costs will be split 50:50 between the two companies, and the companies will be solely responsible for commercialization costs in their respective territories and shall pay each other royalties on product sales.
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JE JENGQ | Hot Stocks08:23 EDT Just Energy to commence trading on the TSX Venture Exchange - Just Energy Group announced that the common shares of the Company will commence trading on the TSX Venture Exchange at 9:30 a.m. Eastern Daylight Time on Friday, June 4, 2021 under the ticker symbol "JE". The common shares of Just Energy will be delisted from the Toronto Stock Exchange at 5:01 p.m. Eastern Daylight Time on Thursday, June 3, 2021, and will be listed on the TSX Venture Exchange at the same time.
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AMC | Hot Stocks08:22 EDT AMC launches initiative to engage with retail shareholders - AMC Entertainment announced that it is launching AMC Investor Connect, a communication initiative that will put the company in direct communication with its individual shareholders "to keep them up to date about important company information and to provide them with special offers." The company said, "Over the last several months, AMC has seen its retail shareholder base grow beyond 3 million owners. With this sizable number of retail shareholders, AMC is taking a groundbreaking new approach to investor relations and investor communications. AMC Investor Connect launches in conjunction with the preliminary proxy statement for AMC's July 29 annual meeting of shareholders, which is expected to be filed publicly on June 3, 2021." Investors who sign up will be awarded with an initial free large popcorn usable this summer when attending a movie at an AMC theatre in the United States.
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MSBI | Hot Stocks08:22 EDT Midland States completes acquisition of ATG Trust Company - Midland States Bancorp has completed its acquisition of substantially all of the trust assets of ATG Trust Company. The transaction increases the size of Midland's wealth management business to approximately $4.1 billion in assets under administration and 90 financial professionals with a new, larger office in Chicago.
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ALPN IOVA | Hot Stocks08:21 EDT Alpine Immune Sciences appoints Zelanna Goldberg as Chief Medical Officer - Alpine Immune Sciences (APLN) announced the appointment of industry veteran Zelanna Goldberg, M.D., M.A.S. as its Chief Medical Officer. Dr. Goldberg joins Alpine from Iovance Biotherapeutics (IOVA), where she was Senior Vice President, Clinical Science.
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GMAB BOLT | Hot Stocks08:21 EDT Genmab, Bolt announce oncology research, development agreement - Genmab (GMAB) and Bolt Biotherapeutics, Inc. (BOLT) announced that the companies have entered into an oncology research and development collaboration. Together, the companies will evaluate Genmab antibodies and bispecific antibody engineering technologies in combination with Bolt's proprietary Boltbody immune-stimulating antibody conjugate technology platform, with the goal of discovering and developing next-generation, immune-stimulatory, antibody-based conjugate therapeutics for the treatment of cancer. This research collaboration will evaluate multiple bispecific ISAC concepts to identify up to three clinical candidates for development. Genmab will fund the research, along with the preclinical and clinical development of these candidates through clinical proof of concept. Under the terms of the agreement, Genmab will pay Bolt an upfront payment of $10 million. Genmab will also make a $15 million equity investment in Bolt. Bolt is eligible to receive total potential milestone payments of up to $285 million per therapeutic candidate exclusively developed and commercialized by Genmab, along with tiered royalties. Genmab will fully fund pre-clinical and early clinical development of all candidates. If a candidate is co-developed, development costs will be split 50:50 between the two companies, and the companies will be solely responsible for commercialization costs in their respective territories and shall pay each other royalties on product sales.
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MREO | Hot Stocks08:20 EDT Mereo announces data study of alvelestat in patients with BOS - Mereo BioPharma announced positive data from an interim analysis of an investigator-initiated study of alvelestat in patients with Bronchiolitis Obliterans Syndrome following hematopoietic stem cell transplantation. The Phase 1b/2 study, being conducted under a Clinical Trial Agreement between Mereo and the National Cancer Institute, plans to recruit a total of 30 patients. The primary endpoints of the study are to define the safety and the optimal biological dose, based on neutrophil elastase inhibition measured using biomarkers at 8 weeks and clinical efficacy at 6 months. Interim data from the first seven patients in this open-label study were presented at the 2020 American Society of Hematology Annual Meeting in December 2020. In this phase 1 study, maximum-tolerated dose was not reached and alvelestat was well tolerated. Six patients had stable disease, while one patient had progression in the setting of pneumonia. Notably, two patients had improvement in forced expiratory volume in one second of 9%, and four patients experienced improvement in symptoms.
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CLSN | Hot Stocks08:20 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. Celsion is also 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 FOR the Company's proposal to increase the number of authorized shares. There are four proposals to be voted on during the June 4th meeting. Please review the information regarding each of these proposals in their entirety, which can be found in the definitive proxy statement filed with the SEC on April 20, 2021. 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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SESN | Hot Stocks08:19 EDT Sesen Bio announces global supply partnership with Qilu Pharmaceutical - Sesen Bio announced that on Tuesday, June 1, 2021 the vompany entered into a global supply agreement for Vicineum drug substance and drug product with the company's partner in China, Qilu Pharmaceutical. Under the terms of the global supply agreement, Qilu Pharmaceutical will be part of the manufacturing network for global commercial supply of Vicineum drug substance and drug product. In February 2021, the U.S. Food and Drug Administration accepted for filing the company's Biologics License Application for Vicineum for the treatment of BCG-unresponsive non-muscle invasive bladder cancer and granted the application Priority Review, with a target Prescription Drug User Fee Act date of August 18, 2021. The company anticipates initiating promotion to physicians and patients in the US upon approval, with commercial product supply broadly available to urology clinics by the fourth quarter of 2021. The new global supply agreement with Qilu Pharmaceutical builds on the company's existing partnership by setting specific terms such as capacity, forecasts, pricing and product delivery. The completion of the global supply agreement expands the Company's network of world-class partners committed to providing reliable supply of Vicineum worldwide. Sesen Bio is entitled to a $2M milestone payment upon completion of technology transfer to Qilu Pharmaceutical, which the company believes is on track for completion in 2021. Sesen Bio also continues to support Qilu Pharmaceutical in the development and commercialization of Vicineum in China. In March 2021, the Investigational New Drug application for Vicineum was approved by the Center for Drug Evaluation of the China National Medical Products Administration thereby triggering a $3M milestone payment to Sesen Bio, which the Company received, net of taxes, on May 24, 2021. The approval of the IND enables Qilu Pharmaceutical to conduct the proposed clinical trial to assess the efficacy and safety of Vicineum for patients in China. It is anticipated that the first patient will be dosed in the trial within the next month. Assuming a successful trial, Qilu Pharmaceutical anticipates submission of the product market application for Vicineum in 2022 with potential approval in China expected in 2023.
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MDCA | Hot Stocks08:18 EDT MDC Partners special committee issues response to Indaba Capital - MDC Partners' Special Committee of Independent Directors released a letter in response to Indaba Capital Management's letter sent on May 26 regarding the proposed business combination involving MDC Partners and Stagwell Media. The letter states, among other things: "(...) we are surprised that you continue to misunderstand our process, the negotiation history, the strategic rationale for the transaction and the significant value the transaction has, and we believe, will continue to create for MDC shareholders. (...) after many hard negotiations which achieved substantial increases in value for MDC shareholders, we were told by Stagwell that it was unwilling to provide MDC shareholders with more. (...) In the meantime, MDC stock has rallied from $1.15 per share - before Stagwell publicly indicated its interest in combining with MDC in June 2020 - to nearly $5 per share now. This price movement is the hallmark of a transaction that has been well received by shareholders broadly. (...) Once you privately and publicly indicated your intention to vote against the deal, the stock declined as shareholders began to fear that this accretive transaction may not be approved. (...) we believe your concerns about the transaction are unfounded and misguided. (...) You are correct, of course, that Mr. Penn is both the Chairman and CEO of MDC and the Managing Partner of Stagwell. As a result, within hours of Mr. Penn proposing a business combination transaction involving MDC and Stagwell, the MDC Board empaneled a Special Committee of independent directors to ensure the interests of MDC's public shareholders were protected. (...) Mr. Penn was always seen by the Special Committee as our counterparty, and we negotiated against him vigorously. (...) The transaction was negotiated between the Special Committee and Stagwell over a six-month period. During that time, the Special Committee conducted extensive diligence on the Stagwell business and sought, and received, significant improvements in the economics and transaction terms. (...) two independent financial advisors to the Special Committee rendered opinions that the percentage ownership of New MDC to be held by the holders of the MDC common shares upon completion of the Transaction is fair, from a financial point of view, to such holders (...) There are benefits to MDC from cross-selling, cost savings and market positioning opportunities that can uniquely be achieved through a combination with Stagwell. (...) The new MDC will have manageable leverage, new digital capabilities and the ability to truly compete against the big four ad holding companies for the most lucrative marketing assignments from global clients. (...) We believe MDC's stock price would not be at these levels in the absence of the Stagwell deal because the market recognizes the unique merits of this combination. (...) We firmly believe that voting against this transaction is a mistake and risks leaving MDC in a much weaker position, with too much leverage and too little scale, and without the critical digital capabilities to compete in the future. (...) We encourage Indaba to reconsider its stated opposition and join with other MDC shareholders to vote for this combination".
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UBX | Hot Stocks08:18 EDT Unity Biotechnology reports granting of employment inducement awards - UNITY Biotechnology announced that from May 18, 2021 through June 1, 2021, the Compensation Committee of the Board of Directors granted a new employee a stock-based award covering an aggregate of 9,000 shares of UNITY common stock, including options to purchase an aggregate of 9,000 shares of UNITY common stock. The stock-based awards were granted pursuant to the UNITY 2020 Employment Inducement Incentive Plan, as amended, which was approved by the Board in March 2020 to provide for grants to newly hired employees as a material inducement for them to commence employment with UNITY in accordance with Nasdaq Stock Market Rule 5635(c)(4).
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IBEX | Hot Stocks08:16 EDT Ibex, Wixcrop enter strategic partnership for healthcare patient experiences - ibex and Wixcorp announced a strategic partnership that will enhance the patient financial experience across the healthcare vertical. The movement toward patients as healthcare consumers, COVID-19-driven digital transformation, and sharp financial declines have accelerated the need for digital experiences that combine outsourced billing support with self-pay options that make the patient experience simple and easy. Unfortunately, hospitals and providers are behind the curve when it comes to evolving their business models. To address this need, ibex and Wixcorp are launching a joint solution that combines industry-leading customer support with a transformative suite of innovative, cloud-based patient financial solutions to increase patient satisfaction by converting traditional financial complexities into a simple, intuitive and engaging experience. The ibex Wixcorp solution optimizes the patient journey, providing a consumer-facing revenue management solution that supports and empowers their customers' patients. This includes technology-driven cost estimation, scheduling, and self-pay payment options all embedded in Wixcorp's Redde technology platform. Customers also benefit from experienced business process outsourcing provided by ibex, leveraging its world-class contact center operations and customer support agents to provide exceptional billing customer service.
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THRM | Hot Stocks08:16 EDT Gentherm leads investment in electric battery cooling tech maker Carrar - Gentherm announced that it is the lead investor in a Seed round of financing in Carrar, an Israel-based technology developer of advanced thermal management systems for the electric mobility market. Carrar's disruptive two-phase cooling technology leverages thermodynamics that has the potential to enable fast charging and discharging of a battery to overcome the challenges for electric vehicle EV batteries, on-board electronics, and charging infrastructures. The technology is being developed to be applied in EV battery packs to address the significant challenges global automakers are facing with heat dissipation. Carrar's solution is targeted at delivering uniform temperature for each cell and across the battery pack to preserve battery life and improve performance with greater safety. "The electric vehicle market is growing rapidly and there is a need to develop safe, fast, and reliable solutions to solve the challenges our customers are facing," said Phil Eyler, President and CEO of Gentherm. "We see potential opportunities with Carrar's innovation to help expand our Battery Performance Solutions portfolio with a technology that can improve EV safety, performance, and charging speed while helping accelerate EV adoption."
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ZEAL | Hot Stocks08:15 EDT Boehringer Ingelheim, Zealand Pharma granted FTD from FDA for NASH treatment - Boehringer Ingelheim and Zealand Pharma A/S announced that the US Food and Drug Administration has granted Fast Track Designation, or FTD, to the GLP-1/glucagon dual agonist BI 456906 for adults with non-alcoholic steatohepatitis, or NASH. The Fast Track Designation facilitates the development and expedites the review of new therapies to treat serious conditions and fill an unmet medical need. BI 456906 is currently being evaluated in a Phase II study in adults with NASH and liver fibrosis with and without diabetes. The GLP-1/glucagon compound derived from the natural gut hormone oxyntomodulin activates both the GLP-1 and glucagon receptors that are critical to controlling metabolic functions. The dual agonist BI 456906 has the potential to be a new, once-weekly treatment that may offer therapeutically relevant benefits compared to currently available treatments. It is also being investigated as a potential treatment option for adults living with diabetes and for adults living with obesity. It is part of Boehringer Ingelheim's research and development portfolio in the cardiometabolic disease areas.
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CAPA | Hot Stocks08:15 EDT HighCape Capital Acquisition urges stockholders to vote for Quantum-Si merger - HighCape Capital Acquisition, a special purpose acquisition company sponsored by leading healthcare growth equity investment firm HighCape Capital LP, 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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KMX | Hot Stocks08:13 EDT CarMax to hire1,800 automotive service professionals nationwide - CarMax announces plans to hire 1,800 automotive service professionals by the end of summer - kicking off with the first-ever CarMax Curbside Career Day on June 10 from 10 a.m. - 3 p.m. CarMax is partnering with job site Indeed to hold curbside hiring events at 16 CarMax locations across the country. The company will be interviewing candidates for a variety of positions for automotive service professionals, including technicians, detailers, painters, supply associates, and more. There will be job opportunities for both new and seasoned automotive professionals, with potential for jobs to be offered on the spot. Some positions will also offer sign-on bonuses. CarMax is the largest buyer and seller of used autos from and to customers in the United States. Newly hired automotive service professionals will help the company increase its production of vehicles for retail to support the company's increasing demand. CarMax's highly trained associates will primarily work on reconditioning vehicles and preparing them for sale. "CarMax continues to grow and the need to produce more vehicles to keep up with anticipated consumer demand is great," said vice president of regional service operations, Tyrone Payton. "We are introducing CarMax Curbside Career Day as an opportunity for automotive professionals across the country to check out our award-winning culture in-person and learn why CarMax is the best place to work."
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IIVI | Hot Stocks08:13 EDT II-VI extends WaveShaper Programmable Optical Processor and Filter lines - II-VI Incorporated extended its WaveShaper Programmable Optical Processor and Filter product lines for operation in the optical communications C+L band. System architects are expanding transmission capacity in optical networks by offering systems that cover both the C and L bands, therefore driving the demand for instruments that operate over the combined wavelength range. II-VI's new WaveShaper instruments are programmable to any combination of attenuation and phase profiles over the entire C+L band to emulate real network conditions. These products come with a new powerful network simulator function that streamlines the performance evaluation of high-speed signals transmitting through a series of reconfigurable optical add-drop multiplexer systems.
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CYDVF | Hot Stocks08:12 EDT Cypress Development appoints Cassandra Joseph to board of directors - Cypress Development announced that Cassandra Joseph, Esq., has been appointed to the Company's Board of Directors. Joseph is an attorney with more than 20 years of experience working in the U.S. in natural resource, environmental and corporate law. She is presently Senior Vice President, General Counsel and Corporate Secretary for Nevada Copper Corp.
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IMMP | Hot Stocks08:10 EDT Immutep gets 2nd European patent for eftilagimod alpha, patent combo - Immutep is pleased to announce the grant of patent number EP3473263 entitled "Combined Preparations for the Treatment of Cancer" by the European Patent Office. This European patent was filed as a divisional application and follows the grant of the European parent patent announced in November 2018, and the corresponding United States patents announced in December 2020 and Marc.The claims of the new European divisional patent build on the protection provided by the parent patent and protect Immutep's intellectual property relating to combined therapeutic preparations comprising (a) lead active immunotherapy candidate eftilagimod alpha which is a soluble LAG-3 fusion protein, LAG-3Ig, and (b) a PD-1 or PD-L1 inhibitor. The claims are also directed to related methods of use in the treatment of cancer. The patent expiry date is 8 January 2036. "Again, this new divisional patent in Europe is very important as it specifically covers the combination of active ingredients being evaluated in many of our clinical trials, including those being reported at the upcoming ASCO 2021 Annual Meeting. It also highlights the critical investments we are making to protect efti which underpin further clinical development and commercialisation of this asset. Building a robust patent estate is a priority for our business and a key part of the process of bringing innovative medicines to the market to ultimately improve patient outcomes," said Marc Voigt, CEO of Immutep.
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GLTO | Hot Stocks08:10 EDT Galecto to host KOL webinar on myelofibrosis treatment landscape - Galecto announced that it will host a key opinion leader webinar on the myelofibrosis treatment landscape and the current and potential future treatments on Wednesday, June 9, 2021 at 8am Eastern Time. The webinar will feature a presentation by KOL Srdan Verstovsek, MD, Ph.D., UT MD Anderson Cancer Center, who will discuss the current treatment landscape and unmet medical need in treating patients with myelofibrosis, a fibrosis-related blood cancer. He will also discuss the opportunity for Galecto's GB2064 as a potential treatment option and Hans Schambye, Galecto's President and CEO, will update its development status. Dr. Verstovsek will be available to answer questions following the formal presentations with Galecto's management team. GB2064 is an oral LOXL2 inhibitor that the company plans to examine in a Phase 2a study for the treatment of myelofibrosis. LOXL-2 is upregulated in myelofibrosis fibrotic tissue and plays a key role in fibrosis and disease progression in the tumor micro-environment; and as such, inhibiting LOXL-2 may restore bone marrow function and be disease-modifying. The current standard of care for myelofibrosis is JAK inhibitors, but their use is limited by side effects and loss of efficacy in many patients.
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BWAY | Hot Stocks08:09 EDT Brainsway announces OCD coverage policy by Health Care Services Corporation - BrainsWay announced that that Health Care Service Corporation has issued a positive coverage policy, effective June 15, 2021, applicable to the BrainsWay Deep TMS system for the treatment of obsessive-compulsive disorder. HCSC, an independent licensee of Blue Cross Blue Shield Association, is the largest customer-owned health insurance company, and fourth largest overall, in the U.S., covering approximately 17 million members.
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SKLZ | Hot Stocks08:09 EDT Skillz jumps over 8% to $18.36 after announcing $150M Aarki acquisition
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ABBV | Hot Stocks08:09 EDT AbbVie's risankizumab in Crohn's Disease achieves clinical remission at one year - AbbVie announced positive top-line results from the Phase 3 maintenance study, FORTIFY, showing risankizumab 360 mg achieved the co-primary endpoints of endoscopic response and clinical remission at one year in adult patients with moderate to severe Crohn's disease. This study included different sets of primary and secondary endpoints for the U.S. analysis plan and the outside of the U.S. analysis plan due to regulatory requirements in the different regions. The co-primary endpoints were endoscopic response and clinical remission at week 52. After one year, 47% of patients receiving risankizumab 360 mg achieved endoscopic response vs. 22% of patients in the induction-only control group. Significantly more patients receiving risankizumab 360 mg achieved clinical remission, with 52% on risankizumab 360 mg achieving clinical remission versus 41% in the induction-only control group. 52% of patients receiving risankizumab 360 mg achieved clinical remission vs. 40% in the induction-only control group. In addition, 39% of patients receiving risankizumab 360 mg achieved endoscopic remission vs. 13% of patients in the induction-only control group. 29% of risankizumab 360 mg-treated patients achieved deep remission vs. 10% in the induction-only control group. Risankizumab 180 mg met the co-primary endpoints in the U.S. analysis plan, but not in the OUS analysis plan. In this study, 47% of patients receiving risankizumab 180 mg achieved endoscopic response vs. 22% of patients in the induction-only control group; 55% of patients receiving risankizumab 180 mg achieved clinical remission vs. 41% of patients in the induction-only control group. Additionally, 46% of patients receiving risankizumab 180 mg achieved clinical remission vs. 40% in the induction-only control group. Results also showed that 25% of risankizumab 180 mg-treated patients achieved deep remission vs. 10% in the induction-only control group. results from both of these studies were announced in January 2021. Full results from the FORTIFY study will be presented at upcoming medical conferences and published in a peer-reviewed medical journal. Use of risankizumab in Crohn's disease is not approved and its safety and efficacy have not been evaluated by regulatory authorities.
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ARW UL | Hot Stocks08:09 EDT Arrow Electronics announces Fabian Garcia as new director to board - Arrow Electronics (ARW) announced that Fabian Garcia, president, Unilever (UL) North America, and a member of the Unilever Leadership Executive Team, has joined the company's board of directors. The addition of Garcia and the retirement of M.F. Keeth leaves the total number of directors on the board at 11.
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TTWO | Hot Stocks08:07 EDT Take-Two to acquire Nordeus for $225M in cash, $90M in stock - Take-Two Interactive Software announced that it has acquired privately-held Nordeus for up to $378M. The upfront price of $225M is comprised of cash and $90M in newly issued shares of Take-Two common stock. The Nordeus founding team will receive the stock consideration and continue to run the company. The cash portion was funded from Take-Two's cash on hand. The number of Take-Two shares will be calculated by dividing $90M by the weighted average closing price per share on the Nasdaq Global Select Market during the thirty trading day period ending on the second trading day prior to the closing date. The cash portion of the purchase price is subject to standard closing adjustments. In addition, the agreement also includes earn-out consideration based upon Nordeus achieving EBITDA results above certain thresholds during each of the first two years. Take-Two's acquisition of Nordeus is the company's latest initiative to bolster its mobile business following the 2017 and 2020 acquisitions of Social Point and Playdots, respectively, which are overseen by Nir Efrat, Senior Vice President and Head of Mobile for Take-Two.
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AMEH | Hot Stocks08:06 EDT Apollo Medical to acquire controlling interest in Sun Labs for $4M - Apollo Medical announced that the company has entered into a definitive agreement with Sun Clinical Laboratories, under which ApolloMed will purchase controlling interests in Sun Labs for $4M. Sun Labs is a CLIA-certified full-service lab that operates 19 locations across the San Gabriel Valley in southern California. The combination will allow ApolloMed to fully incorporate Sun Labs, an existing partner, into its integrated value-based care delivery platform, leading to greater operational efficiencies for ApolloMed and more integrated care for ApolloMed's members. ApolloMed will have the opportunity to leverage its extensive network and business development expertise to guide the expansion of Sun Labs into other geographic regions. Upon closing, ApolloMed expects to consolidate Sun Labs' financials into its GAAP results.
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BKYI | Hot Stocks08:06 EDT Rio Hondo College selects BIO-key PortalGuard IDaaS platform - BIO-key International announced that Rio Hondo College in Whittier, CA, with more than 19,000 students has selected BIO-key's PortalGuard Identity-as-a-Service platform to improve their security posture and user experience for access to more than twenty enterprise applications such as Ellucian Banner, Brightspace, Canvas LMS and Microsoft Office 365.
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HZNP | Hot Stocks08:05 EDT Horizon Therapeutics presents new data from PROTECT study on KRYSTEXXA - Horizon Therapeutics presented new data during the EULAR European Congress of Rheumatology from the ongoing PROTECT study, which provides further insight into utility of KRYSTEXXA as a treatment for people with uncontrolled gout who have undergone a kidney transplant. The Prospective Study of Pegloticase in Transplant patients trial is an ongoing Phase 4, multi-site, open-label trial evaluating the safety and efficacy of KRYSTEXXA in adults with uncontrolled gout who have received a kidney transplant and are on stable immunosuppressive therapy. Participants are receiving KRYSTEXXA to determine response rate during Month 6. At time of data cut, estimated glomerular filtration rate, a key indicator of kidney function, remained stable for all patients throughout KRYSTEXXA treatment. In the 10 patients with Week 24 eGFR measurements, the mean eGFR was 41.6 +/- 10.6 mL/min/1.73 m2 at baseline and 43.8 +/- 11.9 mL/min/1.73 m2 at Week 24, with a mean improvement of 2.3 +/- 8.1 mL/min/1.73 m2 during the treatment. Further, through health assessment questionnaires, patients reported clinically meaningful reductions in pain and disability. The PROTECT trial was fully enrolled in January 2021 with 20 patients who received a kidney transplant and as such were on two to three immunosuppressive agents each. At the time of data analysis, 10 patients had completed the full course of therapy and five were receiving ongoing treatment; three patients discontinued the study and two discontinued treatment due to meeting sUA monitoring protocols. In the trial, 15 patients experienced an adverse event, with the majority reporting mild-to-moderate events, none of which led to discontinuation of therapy. No anaphylaxis or infusion reaction events were reported. The trial is expected to be completed in Fall 2021. Preliminary findings of the PROTECT clinical trial: pegloticase efficacy and safety in kidney transplant recipients.
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SLNO | Hot Stocks08:05 EDT Soleno gets FDA Orphan Drug Designation for Diazoxide Choline - Soleno Therapeutics, announced that the U.S. Food and Drug Administration FDA has granted its investigational drug, DCCR, diazoxide choline, Extended-Release tablets, Orphan Drug Designation for the treatment of Glycogen Storage Disease Type 1a, or von Gierke disease. DCCR previously received Orphan Drug Designation for the treatment of Prader-Willi syndrome. "The granting of Orphan Drug Designation for our DCCR program in an additional indication, GSD 1a, represents a significant milestone for Soleno," said Anish Bhatnagar, M.D., Chief Executive Officer of Soleno Therapeutics. "GSD 1a is a type of glycogen storage disease marked by the body's inability to metabolize glycogen into glucose, resulting in hypoglycemia, high levels of fat in the blood, and impaired growth, among other complications. We believe DCCR's mechanism of action as an ATP-dependent potassium channel agonist, with the potential to regulate hypoglycemia and reduce fatty acid synthesis, could provide a meaningful treatment option for GSD 1a, a condition for which there are currently no approved therapies. The FDA's Office of Orphan Drug Products grants Orphan Drug Designation to support drug candidates in development for underserved patient populations or rare disorders that affect fewer than 200,000 people in the United States. Orphan Drug Designation qualifies a candidate for various development incentives, including tax credits for eligible clinical trials, waiver of application fees and market exclusivity for seven years upon FDA approval.
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TRHC | Hot Stocks08:04 EDT Tabula Rasa HealthCare extends contract with ArchCare - Tabula Rasa HealthCare announced a five year contract renewal with ArchCare Senior Life, a Program of All-Inclusive Care for the Elderly serving more than 700 participants from multiple centers throughout the New York metro region. ArchCare will continue to rely on TRHC's pharmacy and medication management services, including its medication decision-support technology, MedWise, to identify simultaneous, accumulative, multi-drug interactions. Using MedWise, embedded in TRHC's PACE-specific software, ArchCare providers are able to make informed decisions at the point of prescribing to improve medication safety, efficacy, and adherence. By extending this long-standing relationship, ArchCare will continue to have access to certified MedWise Advisor pharmacists who provide recommendations for interventions that reduce risks and improve medication outcomes.
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BWA HYMTF | Hot Stocks08:02 EDT BorgWarner to supply integrated drive module to Hyundai EVs - BorgWarner's (BWA) integrated drive module was selected by the Hyundai Motor Group (HYMTF) for its power electric system, which will be used in the upcoming A-segment electric vehicle production, planned to start in mid of 2023.
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SCYX | Hot Stocks08:00 EDT Scynexis trading resumes
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ORZCF IAG | Hot Stocks07:51 EDT Orezone Gold signs PPA with Genser Energy Burkina - Orezone Gold Corporation announced that it has signed a Power Purchase Agreement with Genser Energy Burkina for the supply of clean energy electrical power for its Bombore Gold Project, located in Burkina Faso. Genser will use liquefied natural gas as its main fuel, augmented with a staged solar plant. The Bombore project will be the first mine in Burkina Faso to use LNG to power its operations. Fixed rate energy tariff will apply over the life-of-mine oxide operation with a fixed rate tariff to be negotiated for the additional energy demand upon commissioning of the sulphide processing circuit expected in Year 3 of commercial production. The Power Plant will consist of 6 2.5MW LNG generators with 4 2.6MW diesel back-up units. This configuration is sized for the initial oxide operation and the planned sulphide expansion. A Solar Photovoltaic Plant up to 14MWp to be installed in stages with an 11kV powerline to connect the gas and backup diesel generators, and solar plant. Genser will design, permit, finance, and install all power generating equipment and associated infrastructure including LNG storage and diesel storage terminals. Genser will be the operator and owner of the power plant facility. Significant progress has been made during Q1 and Q2 of 2021. Engineering is now approximately 30% complete and on schedule. Design and bulk quantities from this work are trending favorably against the quantity estimates used in the 2019 feasibility study. Procurement is well-advanced with firm orders placed for most mechanical and electrical equipment with purchase costs generally below budget estimates. Bulk materials including concrete reinforcing bar and embeds, CIL tank platework, structural steel and platework, HDPE liner, and overland piping have also been ordered with costs also trending within budget. Off-channel reservoir mining, earthworks for the plant site area and tailings storage facility are rapidly advancing, and the award of the contracts for concrete installation and CIL tank erection and overland piping are imminent. The project remains on track for first gold pour in Q3-2022.
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CNST | Hot Stocks07:50 EDT Constellation Pharmaceuticals trading resumes
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RPRX... | Hot Stocks07:46 EDT Royalty expects MorphoSys deal to add $150M to adjusted cash receipts by 2025 - This strategic funding partnership with MorphoSys is expected to further diversify Royalty Pharma's portfolio with long-duration and innovative therapies. Royalty Pharma expects this transaction to add at least $150 million to Adjusted Cash Receipts by 2025 from only the Tremfya royalty and the minimum $150 million draw from the Development Funding Bonds with significant upside potential from the development-stage therapies. Royalty Pharma expects to fund this transaction with existing cash on the balance sheet and to maintain significant financial capacity to deploy capital on additional value-creating opportunities. The transaction is contingent on the closing of MorphoSys' acquisition of Constellation, which is expected in the third quarter of 2021.
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RPRX... | Hot Stocks07:44 EDT Royalty Pharma, MorphoSys announce $2.025B strategic funding partnership - Royalty Pharma (RPRX) and MorphoSys AG (MOR) announced a $2.025B strategic funding partnership as part of MorphoSys' $1.7B acquisition of Constellation Pharmaceuticals (CNST). This partnership is expected to fuel the expansion of the combined company's capabilities to help enable the development and potential approvals of important cancer treatments. This funding partnership is anchored by Royalty Pharma's acquisition of MorphoSys' rights to receive future royalties on Janssen's Tremfya. Tremfya is an anti interleukin (IL)-23, approved for the treatment of adults living with moderate to severe plaque psoriasis, and for adults with active psoriatic arthritis and is also in clinical development for ulcerative colitis and Crohn's disease. In 2020, Tremfya generated sales of $1.347B Royalty Pharma will also acquire the rights to receive royalties and certain milestone payments on four attractive development-stage therapies: Gantenerumab, an anti-amyloid-beta monoclonal antibody, in Phase 3 development for Alzheimer's disease by Roche. Royalty Pharma will purchase the rights to receive 60% of MorphoSys' future royalties on gantenerumab. Otilimab, a fully human monoclonal antibody that inhibits granulocyte-macrophage colony-stimulating factor, in Phase 3 development for rheumatoid arthritis by GlaxoSmithKline. Royalty Pharma will purchase the rights to receive 80% of MorphoSys' future royalties and 100% of its future milestones on otilimab. Pelabresib, a bromodomain and extra-terminal nhibitor for myelofibrosis, in Phase 3 development by Constellation. Royalty Pharma will purchase the rights to receive 3% of future net sales of pelabresib. CPI-0209, a second-generation enhancer of zeste homolog 2 inhibitor, in Phase 2 development for hematological malignancies and solid tumors by Constellation. Royalty Pharma will purchase the rights to receive 3% of future net sales of CPI-0209. The long-term strategic funding partnership agreement is comprised of the following terms: $1.425B upfront payment: In exchange for the rights to receive 100% of MorphoSys' future royalties on Tremfya, 80% of MorphoSys' future royalties and 100% of MorphoSys' future milestone payments on otilimab, 60% of MorphoSys' future royalties on gantenerumab, and 3% of future net sales of Constellation's clinical stage assets, Royalty Pharma will make a $1.425B upfront payment to MorphoSys, supporting its growth strategy. The proceeds will be used to support the financing of the Constellation transaction and the development of the combined pipeline. Milestone payments: Royalty Pharma will make additional payments to MorphoSys of up to $150M upon reaching certain milestones for otilimab, gantenerumab and pelabresib. $350M Development Funding Bonds: Royalty Pharma will provide MorphoSys with access to up to $350M in Development Funding Bonds, with the flexibility to draw over a one year period, with a minimum draw of $150M. Equity Investment: After completion of the transaction, Royalty Pharma will purchase $100M of ordinary shares of MorphoSys based on the average trading price of the shares over a period preceding the closing of the transaction. The investment will be subject to the required resolutions by the management board and the supervisory boar of MorphoSys, and will constitute a cash capital increase of MorphoSys under an authorization to exclude subscription rights of existing shareholders. The new shares will be listed on the Frankfurt Stock Exchange.
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LE | Hot Stocks07:43 EDT Land's End jumps 6% to $31.98 after Q1 results beat, FY21 guidance raised
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ONEXF | Hot Stocks07:41 EDT ONCAP purchases majority stake in Komar Industries, terms not disclosed - ONCAP announced it has purchased a majority stake in Komar Industries, in partnership with the Koenig family. Headquartered in Groveport, OH, Komar is a designer and manufacturer of industrial waste and recycling processing systems. The Company specializes in auger processing technology and provides a comprehensive portfolio of products, including auger compactors, industrial shredders, continuous feed systems, flatteners / dewatering systems, and organic separation presses. Established in 1977, and still managed by the founding Koenig family, Komar's products enable its customers to improve their processing of waste streams while reducing their carbon footprint and their transportation, energy, maintenance, and labor costs. The investment was made by ONCAP IV, Onex Corporation's $1.1B fund. The terms of the transaction are not being disclosed.
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CANF | Hot Stocks07:40 EDT Can-Fite BioPharma to initiate phase IIb NASH study on Namodenoson - Can-Fite BioPharma announced it has received clearance from the Israeli Ministry of Health to commence a Phase IIb study of its drug candidate Namodenoson in the treatment of NASH. Can-Fite expects to commence enrollment in Q3 2021, ahead of the prior expected start date of Q4 2021. The company expects to expand the study at additional clinical sites in Europe. A prior Phase IIa clinical trial of Namodenoson in the treatment of NASH met study endpoints showing anti-steatotic, anti-inflammatory, and anti-fibrotic effects. The Phase IIb trial is a multicenter, randomized, double-blind, placebo-controlled study in subjects with biopsy-confirmed NASH. The primary efficacy objective of the trial is to evaluate the efficacy of Namodenoson as compared to placebo in 140 subjects with NASH, as determined by a histological endpoint. Eligible subjects will be randomly assigned in a 2:1 ratio to oral doses of Namodenoson 25 mg every 12 hours or a matching placebo every 12 hours for 36 weeks. "We are very pleased to receive the Israeli Ministry of Health's approval to proceed with our Phase IIb NASH study. Namodenoson has the potential to offer a safe and effective treatment for NASH with the aim of reducing liver transplants and improving quality of life and longevity for patients," stated Can-Fite CEO Dr. Pnina Fishman.
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SWN | Hot Stocks07:39 EDT Southwestern Energy to acquire Indigo Natural Resources for total of $2.7B - Southwestern Energy announced that it has entered into a definitive merger agreement with Haynesville producer Indigo Natural Resources under which it will acquire Indigo for approximately $2.7B. The transaction is expected to close early in the fourth quarter of 2021, subject to customary closing conditions. "Today we are proud to announce another accretive transaction that will benefit the Company's shareholders for years to come. This acquisition enhances Southwestern's position as a leading natural gas producer and aligns with our disciplined strategy to generate free cash flow, enhance our balance sheet, optimize performance and build scale. Indigo has done a terrific job building its business, and its balance sheet strength, low cost structure and high-quality acreage position in the core of the Haynesville play accelerates the delivery of our strategic goals," said Bill Way, Southwestern Energy President and Chief Executive Officer. The total consideration of $2.7B will be comprised of $400M in cash, approximately $1.6B in SWN common stock and $700M of assumed 5.375% senior notes due 2029. The stock consideration consists of approximately 339M shares of Southwestern Energy common stock, calculated utilizing the 30-day volume-weighted average price as of May 28, 2021, of $4.72. No Indigo shareholder will receive more than 10% of Southwestern Energy's pro forma outstanding shares in connection with this transaction. The transaction was unanimously approved by each of Southwestern Energy's and Indigo's board of directors. The transaction is expected to close early in the fourth quarter of 2021, subject to regulatory approvals, customary closing conditions and the approval by Southwestern Energy's shareholders.
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HUSN | Hot Stocks07:38 EDT FreightHub announces technology collaboration with RC Control - Hudson Capital announced that FreightHub is collaborating with RC Control to help alleviate one of the biggest challenges with US-Mexico cross border freight: seamless visibility. "The Fr8Hub Mobile App provides 24/7 visibility to our users and RC Control's integration complements our mobile app to help give customers increased confidence that they will be able to have the same experience tracking their freight on either side of the US-Mexico border," stated Javier Selgas, CEO of Fr8Hub. "Now our carriers, both in the US and Mexico, have multiple options for tracking, which ensures both visibility and time management. This is something that carriers have needed for years and we are glad that we can be the solution to their needs."
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DCRB | Hot Stocks07:38 EDT Hyzon Motors announces order for up to 70 hydrogen trucks - Hyzon Motors announced it has entered into a definitive agreement with JuVe Automotion GmbH for the sale of hydrogen fuel cell powered heavy duty trucks. JuVe is a spin-off of the Austrian grocer MPREIS's hydrogen initiative, and will be supplying the trucks to MPREIS and other first movers in the hydrogen fuel cell space. This comes ahead of Hyzon's public listing via a definitive business combination agreement with Decarbonization Plus Acquisition Corporation. The initial delivery is planned for Q4 of 2021, with the remaining trucks to be delivered over the course of three years. The first batch of vehicles includes three different heavy-duty trucks, including tractor/puller and rigid chassis designs, and are built to support refrigeration units. The Hyzon trucks are expected to be assembled at Hyzon's European facility in the Groningen area of the Netherlands, where orders have already been confirmed for deliveries of Hyzon-branded commercial vehicles to several countries around the world.
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GPL | Hot Stocks07:38 EDT Great Panther Mining appoints new CFO and COO - Great Panther Mining appointed Sandra Daycock as CFO and Fernando Cornejo as COO. Neil Hepworth will be retiring as COO, effective June 30. Daycock has been appointed as CFO effective immediately. Daycock joined Great Panther in March from Methanex, where she served as Director, Corporate Development. Cornejo will assume the role of COO effective July 1. He was appointed as Great Panther's VP of Projects & Technical Services in July 2019 and promoted to VP, Operations Brazil in March 2020. Cornejo previously served as VP, Projects & Technical Services of Aura Minerals.
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HSDT LIVN | Hot Stocks07:37 EDT Helius Medical appoints Frederick Fantazzia as VP, sales & marketing, N. America - Helius Medical Technologies (HSDT) announced the appointment of Frederick Fantazzia to the position of Vice President of Sales & Marketing, North America, effective June 1, 2021. Prior to joining Helius, Mr. Fantazzia worked for LivaNova (LIVN). He most recently served as Vice President of North America Sales and Marketing for LivaNova's Epilepsy business, where he managed all aspects related to its commercialization of a neuromodulation technology for the treatment of drug-resistant epilepsy.
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OLK | Hot Stocks07:36 EDT Olink taking orders for Olink Signature Q100 - Olink Holding announced that it is now taking orders for Olink Signature Q100, to allow more researchers access to Olink technology and high-quality proteomics data. Olink Signature Q100 is an affordable new benchtop system designed for readout of Olink Target and Olink Focus protein biomarker panels.
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SKLZ | Hot Stocks07:36 EDT Skillz to acquire Aarki for $150M in cash, stock transaction - Skillz announced it has entered into an agreement to acquire Aarki, a technology-driven marketing platform. "The acquisition will broaden Skillz's footprint across the rapidly expanding mobile gaming industry by combining its competitive platform with Aarki's advanced advertising capabilities," the company said. "Aarki's proven machine learning will pair with Skillz's robust first-party data to create an unrivaled value proposition for game developers," said Skillz CEO Andrew Paradise. "The integrated ecosystem will unlock new points of connectivity between consumers, developers, and brands, pairing the right impression with the right user at the right time, all while delivering a superior user experience." Aarki is headquartered in Sunnyvale, CA and its approximately 160 employees will join the Skillz workforce, with Budagyan continuing to lead the business as a division of Skillz. Skillz will acquire 100% of Aarki for approximately $150M in cash and stock. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2021.
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ECOR | Hot Stocks07:35 EDT electroCore announces study on nVNS for Parkinson's Disease - electroCore announced the publication of a peer-reviewed paper, entitled "Non-Invasive Vagus Nerve Stimulation Improves Clinical and Molecular Biomarkers of Parkinson's Disease in Patients with Freezing of Gait" in the journal NPJ Parkinson's Disease. The paper reports the results of a randomized, double-blind, sham-controlled crossover trial conducted at the Institute of Neurosciences in Kolkata, India in collaboration with the Faculty of Medical Sciences at Newcastle University in England using gammaCore Sapphire. The study was funded by the Institute of Neurosciences, Kolkata, India. Neurological disorders are now the leading source of disability in the world, and Parkinson's disease is the fastest-growing of these disorders. As populations age and life expectancy increases, the number of individuals with Parkinson's disease and the duration of the disease will increase, leading to more patients with advanced Parkinson's disease. To address this burden, primary prevention strategies based on the underlying causes of Parkinson's disease and more effective symptomatic treatments are needed.1 There are over 1 million individuals diagnosed with Parkinson's disease in the United States with an estimated total annual economic burden of $51.9B
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CME | Hot Stocks07:35 EDT CME Group reached ADV of 20.6M contracts in May - CME Group reported May market statistics, including average daily volume of 20.6M contracts during the month.
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SAIA | Hot Stocks07:35 EDT Saia reports May LTL shipments per workday increased 12.7% - Saia is providing LTL shipment and tonnage data for the first two months of the second quarter. In April 2021, final LTL shipments per workday increased 27.8%, LTL tonnage per workday increased 30.5% and LTL weight per shipment increased 2.2% to 1,364 pounds compared to 1,335 pounds in April 2020. In May 2021, LTL shipments per workday increased 12.7%, LTL tonnage per workday increased 22.5% and LTL weight per shipment increased 8.6% to 1,404 pounds compared to 1,292 pounds in May 2020. Prior year results were impacted by the onset of the COVID-19 pandemic and the resulting significantly lower business levels experienced.
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HD | Hot Stocks07:34 EDT Home Depot recommends shareholders reject "mini-tender" offer by Tutanota - Home Depot has been notified that Tutanota has made an unsolicited "mini-tender" offer to purchase up to 1 million shares of Home Depot's common stock, at an offer price of $360 per share. While this offer price is above the current market price of the company's common stock, the offer is conditioned upon, among other things, the closing price of Home Depot's common stock exceeding $360 per share on the last trading day before the offer expires. This means that shares tendered in the offer will only be accepted if the offer price is below the closing market price. In fact, the offer states that as of the date of the offer, Tutanota expects to extend the offer until the market price of Home Depot's common stock exceeds the offer price. The Home Depot recommends that shareholders do not tender their shares in response to Tutanota's offer because the offer requires that the closing stock price for the company's common stock exceed the offer price, and it is subject to numerous additional conditions, including Tutanota obtaining financing for the offer, which Tutanota states it does not currently have. The Home Depot does not endorse Tutanota's unsolicited mini-tender offer and is not affiliated or associated in any way with Tutanota, its mini-tender offer, or its mini-tender offer documents. Tutanota's purported mini-tender offer seeks less than 5% of Home Depot's outstanding common stock, thereby avoiding many disclosure and procedural requirements of the SEC that apply to offers for more than 5% of a company's outstanding shares. As a result, mini-tender offers do not provide investors with the same level of protections as provided by larger tender offers under U.S. securities laws.
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ABBV | Hot Stocks07:34 EDT AbbVie presents results from Phase 3 SELECT-PsA 2 clinical trial - AbbVie announced results of an analysis from the Phase 3 SELECT-PsA 2 clinical trial, showing that continuous treatment with RINVOQ resulted in sustained improvements in disease activity for more than one year among patients with active psoriatic arthritis who have responded inadequately to one or more biologic disease modifying anti-rheumatic drugs. At week 56, 29% of patients treated with continuous RINVOQ 15 mg achieved minimal disease activitya. Results at week 56 were not multiplicity controlled. The full, long-term results from the Phase 3 SELECT-PsA 2 clinical trial will be presented at the EULAR 2021 Virtual Congress. These results were also recently published online in Rheumatology and Therapy in April.
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V | Hot Stocks07:34 EDT Visa says May operational metrics 'generally consistent or better than April' - In a regulatory filing last night, Visa stated: "Visa continues to monitor the COVID-19 impact globally. As we began to lap the most significant COVID-19 impacts starting in March 2020, year-over-year growth rates were not reflective of the underlying trend, therefore performance metrics relative to fiscal 2019 have also been provided. Compared to fiscal 2019 levels, operational metrics in May were generally consistent or better than April levels. For U.S. payments volume in May, Credit continued to improve, up 3 points from April as compared to 2019 levels, while Debit remained elevated at 151% of 2019. Card not present excluding travel remained strong at 159% of 2019 and card present increased 4 points from April to 113% of 2019. Excluding travel, May spend was at least 10 points above 2019 levels in each industry category. While travel spend was still below 2019 levels, it has steadily improved over the last several months relative to 2019, expanding about 30 points from January through May. International market payments volume trends in May versus the same period in 2019 were relatively stable to April trends, with the exception of India, which continued to slow, and several other Asian countries that were impacted by new COVID-related restrictions. Conversely in Europe, many countries improved versus 2019 levels with the relaxing of COVID-related restrictions. Cross-border volume excluding intra-Europe transactions improved 6 points to 85% of 2019 in May, with card not present excluding travel volume remaining elevated at 162% of 2019 and travel-related spend - card present and card not present - improving 5 points from April to 45% of 2019. Total cross-border volume increased to 98% of 2019 in May. Global processed transactions were 121% of 2019 in May, which was higher than in previous months as transactions increased along with volume in several countries, particularly in Europe."
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MOR... | Hot Stocks07:33 EDT MorphoSys announces partnership with Royalty Pharma - MorphoSys (MOR) announced that it has entered into a long-term strategic funding partnership with Royalty Pharma (RPRX). The terms of the agreement between MorphoSys and Royalty Pharma provide for the following, under certain conditions and upon closing of the transaction with Constellation (CNST): Royalty Pharma will make a $1.425B upfront payment to MorphoSys, supporting its growth strategy. The proceeds will be used to support the financing of the Constellation transaction and development of the combined pipeline; Royalty Pharma will provide MorphoSys with access to up to $350M in Development Funding Bonds with the flexibility to draw over a one-year period; Royalty Pharma will make additional payments of up to $150M to MorphoSys upon reaching clinical, regulatory and commercial milestones for otilimab, gantenerumab and pelabresib; Royalty Pharma will have the rights to receive 100% of MorphoSys' royalties on net sales of Tremfya, 80% of future royalties and 100% of future milestone payments on otilimab, 60% of future royalties on gantenerumab, and 3% on future net sales of Constellation's clinical stage assets; and after completion of the transaction and subject to the required approvals of the management board and the supervisory board of MorphoSys, Royalty Pharma is expected to invest $100M in a cash capital increase of MorphoSys under an authorization to exclude subscription rights of existing shareholders. The new MorphoSys shares will be listed on the Frankfurt Stock Exchange.
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BCTX | Hot Stocks07:33 EDT BriaCell reports 12 Months OS benefit in advanced breast cancer - BriaCell Therapeutics provides an update on the overall survival data on its previously disclosed advanced breast cancer patients. These women were treated with BriaCell's lead candidate Bria-IMT as monotherapy and also in combination with checkpoint inhibitors, including pembrolizumab KEYTRUDA ; manufactured by Merck & Co and Incyte's retifanlimab HLA-Typing: Cells with HLA molecules on their surface determine and trigger the body's immune response. BriaCell's immunotherapy treatment appears most effective when the patient's HLA-type matches with Bria-IMT, allowing BriaCell to potentially identify patients most likely to respond. HLA-typing is a simple and widely available test. Tumor Grade: BriaCell has noted clinical benefit in its patients with grade I and grade II tumors, suggesting another subgroup of patients for whom BriaCell's treatment would be most effective.
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SCYX | Hot Stocks07:32 EDT Scynexis announces FDA approval of BREXAFEMME for yeast infections - SCYNEXIS announced that the U.S. Food and Drug Administration has approved BREXAFEMME, for oral use in patients with vulvovaginal candidiasis, also known as vaginal yeast infection. BREXAFEMME, which represents the first approved drug in a novel antifungal class in more than 20 years, was approved based on positive results from two Phase 3 studies in which oral ibrexafungerp demonstrated efficacy and a favorable tolerability profile in women with VVC. SCYNEXIS has partnered with Amplity Health to support U.S. commercialization of BREXAFEMME, with commercial launch scheduled in the second half of this year.
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JLL | Hot Stocks07:32 EDT Jones Lang LaSalle appoints Kylie Kendrick as COO - Jones Lang LaSalle appointed Kylie Kendrick to the newly established role of COO effective June 7. Kendrick joins JLL from HSBC in London where she was Managing Director - Global Head of Wholesale Banking Operations. Her experience of over 16 years at financial institutions includes Lloyds Banking Group, Deutsche Bank, Barclays and Deloitte Consulting.
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TM | Hot Stocks07:32 EDT Toyota debuts all-electric bZ4X BEV SUV concept in U.S. - Toyota said it "has taken a major step forward" with the introduction of the Toyota bZ4X Concept, which it calls "the vision for the first of a global series of battery-electric vehicles" to be introduced under the "Toyota bZ" brand umbrella. "Toyota envisions a future in which carbon neutrality is achieved through the practical marketization of a portfolio of products with advanced, alternative-fuel and zero-emission powertrain technologies. Overall, Toyota plans to expand to around 70 electrified models globally by 2025. This future lineup will feature 15 dedicated BEVs, including seven carrying the bZ, or "Beyond Zero," brand moniker. In addition, Toyota intends to bring electrification to its pickup truck lineup in the near future. This diverse portfolio of electrified products will help propel Toyota toward its goal of carbon neutrality by 2050. More information on the production model of the Toyota bZ4X will be shared later this year, with sales planning to begin in 2022," Toyota stated.
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TM | Hot Stocks07:31 EDT Toyota debuts all-electric SUV concept in U.S. - The Toyota bZ4X Concept touched down to make its North American debut at Toyota Motor North America's headquarters. Already a leader in electrification, the company has taken a major step forward with the introduction of the Toyota bZ4X Concept, the vision for the first of a global series of battery-electric vehicles to be introduced under the "Toyota bZ" brand umbrella. Jointly developed with Subaru, the Toyota bZ4X SUV Concept features the new e-TNGA BEV-dedicated platform. The concept conveys Toyota's legendary quality, durability and long-term reliability in combination with AWD capabilities to achieve a driving experience that is both comfortable and engaging. Toyota envisions a future in which carbon neutrality is achieved through the practical marketization of a portfolio of products with advanced, alternative-fuel and zero-emission powertrain technologies. Overall, Toyota plans to expand to around 70 electrified models globally by 2025. This future lineup will feature 15 dedicated BEVs, including seven carrying the bZ (Beyond Zero) brand moniker. In addition, Toyota intends to bring electrification to its pickup truck lineup in the near future. This diverse portfolio of electrified products will help propel Toyota toward its goal of carbon neutrality by 2050.
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MOR CNST | Hot Stocks07:31 EDT MorphoSys to acquire Constellation for $34 per share in cash, total value $1.7B - MorphoSys AG (MOR) and Constellation Pharmaceuticals (CNST) announced that they have entered into a definitive agreement whereby MorphoSys will acquire Constellation for $34.00 per share in cash, which represents a total equity value of $1.7B. The transaction has been unanimously approved by the management board and the supervisory board of MorphoSys, as well as the Board of Directors of Constellation and is expected to close in the third quarter of 2021. "In acquiring Constellation, MorphoSys has a significant opportunity to drive clinical and commercial success," said Pablo Legorreta, Chief Executive Officer of Royalty Pharma. "We are excited to join forces to further advance the combined company's pipeline and positively impact patients." Under the terms of the merger agreement, an indirect wholly-owned subsidiary of MorphoSys will promptly commence a tender offer to acquire all of the outstanding shares of Constellation's common stock at a price of $34.00 per share in cash. Following successful completion of the tender offer, MorphoSys will acquire all remaining shares not tendered in the offer through a second step merger at the same price as in the tender offer. MorphoSys plans to pay an all-cash consideration for the transaction. The tender offer is not subject to a financing condition. The purchase price of $34.00 per share in cash represents a premium of approximately 70% to Constellation's volume-weighted average price for the last five trading days.
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SLHG | Hot Stocks07:29 EDT Skylight Health announces award of US clinical trial - Skylight Health Group announced that they have signed a contract with Adagio Therapeutics to enroll patients into the Phase 2/3 trial evaluating Adagio's monoclonal antibody, ADG20, designed to be a potent, long-acting and broadly neutralizing antibody for both the treatment and prevention of COVID-19. Skylight Health's clinic in Burlington, MA will enroll both existing Skylight Health patients as well as individuals from the general population. The trial itself is a randomized, double-blind, placebo-controlled trial, meaning that participants will have a 50/50 chance of receiving either the monoclonal antibody, ADG20, or a placebo. Seeking to determine if ADG20, compared to a placebo, is safe and efficacious in preventing symptomatic COVID-19, the trial seeks to enroll two separate populations: 1 individuals with known exposure to a person with laboratory-confirmed SARS-CoV-2 infection; and 2 individuals who are at increased risk for SARS-CoV-2 infection. The trial population also includes individuals at risk of generating poor vaccine response, such as those who are immunocompromised. The primary endpoint is the proportion of participants with laboratory-confirmed symptomatic COVID-19 through Day 28 for the post-exposure cohort and through six months for the pre-exposure cohort. Participants will be followed for 12 months following receipt of the trial product. Approximately 100 clinics sites will participate internationally to enroll 6,400 participants for the EVADE trial.
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PROG | Hot Stocks07:28 EDT Progenity focused on delivering 2021, 2022 R&D pipeline - Continued development of GI-targeted therapeutics differentiated by its DDS platform for localized, topical delivery and proprietary liquid formulations designed to optimize local issue uptake. These candidates have the potential to improve efficacy, tolerability, and patient outcomes for inflammatory bowel disease - a $15 billion market. The two lead drug DDS combinations are PGN-600 and PGN-001, with other candidates under consideration. In the first half of 2021 the company anticipates the initiation of the first clinical study evaluating a therapeutic delivered with DDS. Continued development of oral biopharmaceuticals delivery system programs designed for optimized systemic uptake focusing on monoclonal biotherapeutics based on promising preclinical data. The lead drug-OBDS combinations, each with the potential to address markets in excess of $1 billion, are PGN-OB1 for the treatment of autoimmune disorders and PGN-OB2 for the treatment of type 2 diabetes and cardiovascular outcomes, with other monoclonal-based biotherapeutics under consideration. Advancement of its Preecludia preeclampsia rule-out test through validation and progressing physician education programs, clinical utility, health economics, and reimbursement. With topline validation anticipated in the June/July 2021 timeframe, the Preecludia test is expected to target an addressable market of up to $3 billion in the U.S. alone. The Preecludia test, in addition to the laboratory-developed test immunodiagnostic, has potential as an in vitro diagnostic and point-of-care solution globally. The company is exploring partnerships for these options. Continued development of its ingestible lab-in-a-capsule technology, initially focused on small intestinal bacterial overgrowth, an estimated $36 billion U.S. market, and Recoverable Sample System technologies. The RSS, when used in conjunction with targeted therapeutics, has the potential to enable the development of complementary and companion diagnostics. Key clinical milestones are expected in the next 2-3 quarters. Continued development of its single-molecule detection platform, the first application of which is for noninvasive prenatal testing, with future potential applications in oncology and GI disease in support of the RSS and PIL Dx technologies. The company is progressing towards achieving initial development milestones in the next two quarters. The Path Forward. By focusing its business model, the company intends to more effectively allocate capital, reduce expenditures, and unlock the value of its highly differentiated R&D pipeline. Progenity's innovation pipeline has the potential to address markets collectively valued at greater than $200 billion. By progressively concentrating resources on the PreecludiaTM test, GI health, and oral biopharmaceuticals opportunities, Progenity hopes to unlock significant value for shareholders and improve patient outcomes.
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ABBV | Hot Stocks07:27 EDT AbbVie's Rinvoq for rheumatoid arthritis shows efficacy in Phase 3 trial - AbbVie announced new analyses to be presented at the EULAR 2021 Virtual Congress showing patients with moderate to severe rheumatoid arthritis on background methotrexate treated with Rinvoq maintained higher rates of clinical remission and low disease activity through three years compared to those patients treated with Humira. Additionally, a separate integrated safety analysis found the safety profile of Rinvoq was consistent over 4.5 years, with no new safety risks observed. In this study, a higher proportion of patients treated with Rinvoq 15 mg achieved and maintained clinical remission and low disease activity compared to those treated with Humira, through three years. A higher proportion of patients treated with Rinvoq 15 mg completed three years of treatment without rescue compared to those treated with Humira: 46% vs. 34%, respectively. In this study, through three years, the safety profile of Rinvoq 15 mg was consistent with the profile reported previously and with that shown in the Phase 3 integrated safety analysis. Additionally, the rates of events of special interest were generally comparable between the Rinvoq and Humira groups. Serious adverse events occurred at 10.9 events per 100 patient years for Rinvoq vs. 14.1 events/100PY for Humira. The rate of malignancy was 0.6/100PY on Rinvoq and 0.7/100PY on Humira. An integrated safety analysis including safety data across Rinvoq rheumatoid arthritis studies showed that the safety profile of Rinvoq 15 mg was consistent with previous analyses, with no new safety risks identified up to 4.5 years of treatment. The rate of deaths in Rinvoq-treated patients with rheumatoid arthritis remains consistent with the background rate for patients with rheumatoid arthritis.
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WRK | Hot Stocks07:26 EDT WestRock announces chief commercial officer retirement, leadership changes - WestRock announced the future retirement of Jeff Chalovich, president of Corrugated Packaging and chief commercial officer. Chalovich will retire from WestRock in August 2021. Moving forward, WestRock has also announced an evolution of its commercial and operational leadership structure and team reporting to president and CEO, David Sewell. In addition, the company announced a new commercial and operational leadership structure. New Executive Leadership Structure and Roles include: Patrick Lindner is assuming the role of president, Commercial, Innovation and Sustainability; Patrick Kivits is assuming the role of president, Consumer Packaging; Pete Durette is assuming the role of president, Corrugated Packaging; John O'Neal is assuming the role of president, Global Paper; and Tom Stigers is now responsible for the operations of all WestRock mills in the role of president, Mill Operations.
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NRIX | Hot Stocks07:25 EDT Nurix Therapeutics presents preclinical data from its NX-5948 program - Nurix Therapeutics announced the presentation of preclinical data from its NX-5948 program, demonstrating that daily oral dosing of NX-5948 resulted in a robust resolution of symptoms and inflammation in an animal model of arthritis. The data, which support further investigation of NX-5948 for clinical development as a potential treatment for autoimmune disorders, were presented at the EULAR 2021 Virtual Congress which is being held June 2-5, 2021.
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SCYX | Hot Stocks07:25 EDT Scynexis trading halted, news pending
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PROG | Hot Stocks07:24 EDT Progenity to discontinue genetic laboratory-developed test services through lab - Cost Realignment. Progenity will discontinue providing genetic laboratory-developed test services through its Ann Arbor, Michigan CLIA-certified laboratory and cease offering its Preparent Carrier Test, Innatal Prenatal Screen, Riscover Hereditary Cancer Test, and Resura Prenatal Test. This strategic transformation is expected to be completed over the next approximately 60 days and will include a reduction in force of approximately 374 employees across Progenity and Avero, or approximately 56% of its total workforce. The transformation is also expected to result in annualized cost savings of approximately $130 million in SG&A. The company's capital requirements after accounting for the costs of the transformation are expected to be approximately $4-5 million per month before any non-dilutive inflows. Opportunities for Non-Dilutive Capital Infusion. Progenity's in-network affiliate lab, Avero Diagnostics, is approaching operating profitability, with growing revenues projected to be $35-40 million for 2021 derived from anatomic pathology, genetic testing and infectious diseases. Progenity is evaluating strategic opportunities for Avero to generate non-dilutive capital that may help fund the company. Focus on Innovation. Progenity's continuous pursuit of innovative solutions seeks to provide near-term commercial applications while also developing the drug delivery systems of the future, with critical near-term milestones across its Preecludia pre-eclampsia rule-out test, Drug Delivery System (DDS) platform, and Oral Biopharmaceutical Delivery System.
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CNST | Hot Stocks07:24 EDT Constellation Pharmaceuticals trading halted, news dissemination
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PROG | Hot Stocks07:23 EDT Progenity launches strategic transformation into biotech company - Progenity announced a transformation strategy that will focus the company primarily on its robust R&D pipeline and better position the business for future growth. To achieve this vision, simplify its business model, and unlock shareholder value, the company will seek to reallocate resources to R&D and materially reduce operating expenditures by approximately 70%.
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KO | Hot Stocks07:23 EDT Coca-Cola, The Ocean Cleanup announce new parternship - The Coca-Cola Company (KO) and The Ocean Cleanup announced that Coca-Cola will become a Global Implementation Partner for The Ocean Cleanup's river project. "The unique partnership brings the international company and technological non-profit together behind a clear objective: to stem the tide of plastic pollution entering the world's oceans, by first intercepting waste in rivers," the company said. "Partnering Coca-Cola's scale and global network with The Ocean Cleanup's technology and data solutions, the initiative will help to expedite the deployment of cleanup systems across fifteen rivers around the world over the next 18 months, including the introduction and implementation of The Ocean Cleanup's semi-autonomous solar-powered Interceptor river cleanup solutions. It also aims to engage and mobilize both industry and individuals around the world to address plastic pollution, eliminating plastic waste entering the world's oceans and supporting ecosystems, species and water resources," the company added.
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ENR | Hot Stocks07:23 EDT Energizer announces price increases across global battery business - Energizer Holdings announced plans to execute broad-based price increases across its global battery business, including its alkaline, lithium, carbon zinc and rechargeable products. The company has notified customers in the U.S. and Canada of the increases, which are necessary to offset significant cost inflation, such as commodities, freight and labor. The company will implement these actions through list price changes, which will be phased in throughout fiscal 2022. The vompany expects to realize the full benefit of these changes in the back half of fiscal 2022, with increasing benefit between the first and second quarters. Combined with the recently announced price increases in auto care, the vompany has now announced price increases in over 85% of its North American business. Similar price increases are expected to be announced in its international business over the balance of the year. The company believes that these price increases, combined with its ongoing continuous improvement efforts, will be sufficient to offset the cost inflation it expects to experience in fiscal 2022. Based on the anticipated timing of implementation, battery pricing actions will not have an impact on the company's full year fiscal 2021 outlook that was disclosed with its second quarter financial results.
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MRNA | Hot Stocks07:21 EDT Moderna, UNICEF announce long-term agreement to supply COVID-19 vaccine - Moderna and UNICEF announced that they have signed a long-term agreement for the supply of COVID-19 vaccine on behalf of the COVAX Facility as part of the agreement announced in May 2021. Through this long-term agreement, UNICEF and its procurement partners including the Pan American Health Organization will have access to up to 34Mdoses of COVID-19 Vaccine Moderna to be delivered in the fourth quarter 2021 and up to 466M doses in 2022. All doses are offered at Moderna's lowest tiered price, in line with the company's global access commitments. On April 30, the World Health Organization issued an Emergency Use Listing for Moderna's COVID-19 vaccine to prevent COVID-19 in individuals 18 years of age and older.
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VIRI | Hot Stocks07:19 EDT Virios Therapeutics presents phase 2a fibromyalgia trial data on IMC-1 - Virios Therapeutics announced that clinical data from its Phase 2a trial of IMC-1 in fibromyalgia is featured in a poster presentation at the annual EULAR European Congress of Rheumatology which is being held virtually June 2 - 5. The company's poster has been selected to be highlighted in a guided tour entitled "Epidemiology and treatment of pain in Rheumatic and Musculoskeletal Disorders." IMC-1 is a novel, proprietary, fixed dose, antiviral therapy combining famciclovir and celecoxib. This dual mechanism antiviral therapy is designed to synergistically suppress Herpes Simplex Virus-1 activation and replication, with the end goal of reducing viral mediated disease burden. The conclusions made on the poster: In this post hoc analysis of a Phase 2a trial of IMC-1 in patients with FM, patients treated with IMC-1 reported significantly greater improvement compared with placebo on FIQ-R total scores and on all FIQ-R domains. Patients receiving IMC-1 treatment reported significantly greater improvements versus placebo on the FIQ-R symptom items for stiffness, sleep quality, depression, and anxiety. Improvements in patient global assessments and in fatigue assessments provide additional evidence for the beneficial effects of IMC-1 on FM related symptoms. These results suggest that IMC-1 may represent a promising treatment option not only for alleviating pain, but also for improving other symptoms associated with FM.
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TELA BVS | Hot Stocks07:19 EDT Tela Bio appoints John Nosenzo to board of directors - TELA Bio (TELA) announced that it has appointed John Nosenzo, the CCO of Bioventus (BVS), to its board of directors effective June 2, 2021. Concurrent with the appointment of John Nosenzo, as previously announced, current board member Adele Olivia will be stepping down. Following these changes, TELA Bio's board will be composed of seven directors, six of whom are independent.
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REPH | Hot Stocks07:18 EDT Recro expands capacity for growing clinical trial services offerings - Recro Pharma dedicated to solving complex formulation and manufacturing challenges for companies developing oral solid dose drug products, today announced that it has expanded the clinical capabilities of the company's growing Clinical Trial Services offerings. Included among the newly added CTS capabilities are clinical-scale sachet and blister packaging for clinical trial pharmaceuticals.
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BIP... | Hot Stocks07:16 EDT Brookfield to launch revised offer to Inter Pipeline valued at C$19.75 per share - Brookfield Infrastructure Partners (BIP) announced its intention to file a variation to its offer to acquire IPL (IPPLF), by no later than June 4th 2021, at a price per IPL common share currently valued at C$19.75. Brookfield Infrastructure is taking its Offer directly to IPL shareholders. The company said, "As the largest shareholder, it is disappointed by the seeming lack of fiduciary responsibility shown by the decision of the IPL Board of Directors to support an inferior proposal by Pembina (PBA) as announced by IPL on June 1, 2021. Brookfield Infrastructure's Offer was made privately to the Company prior to the IPL Board of Directors decision to accept the Pembina offer. We believe that IPL shareholders will reach a different conclusion than IPL's Board of Directors about which transaction is most compelling to shareholders. IPL Management and the Special Committee provided Brookfield Infrastructure access to its data room on May 14th. Brookfield Infrastructure carried out confirmatory due diligence for approximately two weeks and received good cooperation from IPL Management. Between May 14th and May 31st, Brookfield Infrastructure held discussions with representatives of IPL and its Board Chair and submitted several proposals. During these discussions, Brookfield Infrastructure provided an education session with the Chair and its advisors around the structure of BIPC. Brookfield Infrastructure was advised that the session addressed their questions and that the Board was not discounting the BIPC Share consideration in its evaluation of our Offer. In the afternoon of May 31st, Brookfield Infrastructure was informed that the IPL Board was inclined to accept a competing proposal and that Brookfield Infrastructure should urgently submit its best offer. In describing the merits of our proposal, Brookfield Infrastructure reiterated its majority cash plus attractive share consideration and emphasized that we had received all required regulatory approvals and therefore could close within weeks with minimal transaction risk. Brookfield Infrastructure reminded IPL's representatives that it was a financial investor and, unlike a strategic investor, would not be seeking to generate significant cost synergies by eliminating duplicative jobs. The IPL representatives were also asked whether they were taking into account the interests of other important stakeholders, particularly IPL employees, in its evaluation. Suffice it to say, the Board was aware of all these relevant facts. On the evening of May 31st, Brookfield Infrastructure submitted its final offer valued at ~C$19.50 per share comprised of 74% cash and 26% BIPC shares. That evening we were informed that the "totality" of the competing offer was superior, and exclusivity had already been signed. Upon reviewing the details of the Pembina offer and the arrangement agreement between IPL and Pembina, we fail to understand why an inferior offer from the perspective of aggregate consideration, transaction certainty and timeline to completion was recommended by the IPL Board."
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PCOM | Hot Stocks07:16 EDT Points International powers Mashreq and Emirates Skywards rewards program - Global leader in powering loyalty commerce, Points, announced that they have launched a new service with leading UAE financial institution, Mashreq, and Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, that enables Mashreq customers to exchange their Salaam points into Skywards Miles. Mashreq customers earn reward points on transactions using eligible Mashreq debit or credit cards or via other banking solutions. Now, they can easily convert these into Skywards Miles, opening up a wealth of new reward options from flight bookings with Emirates and their partner airlines, travel packages with Emirates Holidays or even dining offers, tours and attractions and more.
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BIP... | Hot Stocks07:15 EDT Brookfield to launch revised offer to Inter Pipeline valued at $19.75 per share - Brookfield Infrastructure Partners (BIP) announced its intention to file a variation to its offer to acquire IPL (IPPLF), by no later than June 4th 2021, at a price per IPL common share currently valued at C$19.75. Brookfield Infrastructure is taking its Offer directly to IPL shareholders. The company said, "As the largest shareholder, it is disappointed by the seeming lack of fiduciary responsibility shown by the decision of the IPL Board of Directors to support an inferior proposal by Pembina (PBA) as announced by IPL on June 1, 2021. Brookfield Infrastructure's Offer was made privately to the Company prior to the IPL Board of Directors decision to accept the Pembina offer. We believe that IPL shareholders will reach a different conclusion than IPL's Board of Directors about which transaction is most compelling to shareholders. IPL Management and the Special Committee provided Brookfield Infrastructure access to its data room on May 14th. Brookfield Infrastructure carried out confirmatory due diligence for approximately two weeks and received good cooperation from IPL Management. Between May 14th and May 31st, Brookfield Infrastructure held discussions with representatives of IPL and its Board Chair and submitted several proposals. During these discussions, Brookfield Infrastructure provided an education session with the Chair and its advisors around the structure of BIPC. Brookfield Infrastructure was advised that the session addressed their questions and that the Board was not discounting the BIPC Share consideration in its evaluation of our Offer. In the afternoon of May 31st, Brookfield Infrastructure was informed that the IPL Board was inclined to accept a competing proposal and that Brookfield Infrastructure should urgently submit its best offer. In describing the merits of our proposal, Brookfield Infrastructure reiterated its majority cash plus attractive share consideration and emphasized that we had received all required regulatory approvals and therefore could close within weeks with minimal transaction risk. Brookfield Infrastructure reminded IPL's representatives that it was a financial investor and, unlike a strategic investor, would not be seeking to generate significant cost synergies by eliminating duplicative jobs. The IPL representatives were also asked whether they were taking into account the interests of other important stakeholders, particularly IPL employees, in its evaluation. Suffice it to say, the Board was aware of all these relevant facts. On the evening of May 31st, Brookfield Infrastructure submitted its final offer valued at ~C$19.50 per share comprised of 74% cash and 26% BIPC shares. That evening we were informed that the "totality" of the competing offer was superior, and exclusivity had already been signed. Upon reviewing the details of the Pembina offer and the arrangement agreement between IPL and Pembina, we fail to understand why an inferior offer from the perspective of aggregate consideration, transaction certainty and timeline to completion was recommended by the IPL Board."
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BB | Hot Stocks07:13 EDT BlackBerry up nearly 15% in pre-market amid increased post volume on WSB board - Shares of BlackBerry are up nearly 15% in early pre-market trade above $13 per share. The stock has become the 2nd most mentioned ticker on Reddit's WallStreetBets Reddit board - behind AMC Entertainment (AMC) - with 487 mentions, TheStreet's Dan Weil reports, with about 10% of posts voicing hopes for a short squeeze even though its short interest is at 9% of the total vs. 21% for AMC and GameStop (GME). Reference Link
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SRNE | Hot Stocks07:13 EDT Mexico adds Sorrento's COVI-STIX to list of rapid antigen tests - Sorrento Therapeutics, announced that the Mexican Comision Federal para la Proteccion contra Riesgos Sanitarios , the health regulatory authority for Mexico, has listed COVI-STIX on its official government website list of rapid antigen tests approved for emergency use in Mexico. COVI-STIX is a rapid diagnostic test for the detection of the SARS-CoV-2 virus nucleocapsid antigen in nasal or nasopharyngeal samples of patients. An independent study conducted by the government's epidemiological department, Instituto de Diagnostico y Referencia Epidemiologico , confirmed the validity of the test in 465 nasopharyngeal samples from symptomatic or uninfected people, which yielded the following results: Positive Predictive Value 95.77%; Negative Predictive Value 98.42%. Among all the products listed currently, COVI-
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LOGC | Hot Stocks07:12 EDT LogicBio Therapeutics begins dosing in Phase 1/2 methylmalonic acidemia trial - LogicBio Therapeutics has dosed the first patient with LB-001, the company's investigational single-administration gene editing therapy based on its proprietary GeneRide platform, in the Sunrise Phase 1/2 clinical trial in pediatric patients with methylmalonic acidemia, or MMA. MMA is a rare and life-threatening genetic disorder for which there are currently no treatments addressing the underlying cause of the disease. To manage the symptoms and detrimental effects of MMA, patients must maintain a severely restrictive diet. The SUNRISE trial is initially enrolling patients 3-12 years old and will potentially enroll infants as young as 6 months once the first two patients meet certain safety parameters and a biomarker indicating genome integration and protein expression is detected.
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KZR | Hot Stocks07:12 EDT Kezar Life Sciences presents results of Mission phase 1b study of KZR-616 - Kezar Life Sciences reported results from the completed Phase 1b dose escalation portion of its MISSION study, evaluating KZR-616, a first-in-class selective immunoproteasome inhibitor, in systemic lupus erythematosus patients with and without nephritis. The data are being presented by Richard Furie, M.D., Chief of Division of Rheumatology at Northwell Health in New York, in a poster session at EULAR, the Annual European Congress of Rheumatology, being held virtually from June 2 to 5. The Phase 1b dose escalation portion of MISSION evaluated doses of 45 mg to 75 mg of KZR-616 administered subcutaneously once weekly in 47 patients with SLE, including 2 patients with active proliferative lupus nephritis. Six cohorts were completed in which patients received 13 weekly doses of KZR-616 and were followed for an additional 12 weeks. 35 of 47 patients completed the study. Safety, tolerability, and early efficacy has been previously reported from early cohorts. The presentation at EULAR 2021 represents the full data set. Highlights from the poster presentation of the MISSION Phase 1b are summarized below: encouraging trends in exploratory efficacy were confirmed across cohorts, including the improvement of 7 SLE-specific disease activity scores. Mean disease activity scores improved in patients who completed the 13-week treatment period, and improvement in disease activity persisted following the end-of-treatment; Improvement in key biomarkers indicating a reduction in disease activity were also observed. 8 of 8 patients with elevated anti-double-stranded DNA antibody levels at baseline had a reduction in anti-dsDNA levels. Improvement in disease activity persisted following the end-of-treatment. Kezar previously reported that two of two patients with active proliferative LN had a greater than 50% reduction in urine protein to creatinine ratio and experienced reductions in SLEDAI-2K scores and anti-dsDNA levels. New biomarker data on these two patients with LN show baseline elevation of urine CD163, a marker of inflammatory activity in the kidney in patients with LN. Both patients also had a reduction in uCD163, suggesting an important anti-inflammatory effect not achieved with the background therapies; The safety and tolerability of KZR-616 is favorable and consistent with needs for a long-term therapy. No new safety or tolerability signals were observed from previously reported data. Most treatment emergent adverse events occurred early and diminished with later doses with the most common being injection site reactions; and Doses being investigated in the Phase 2 clinical trials are 60 mg and 45 mg.
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CHAQ | Hot Stocks07:10 EDT Renovacor appoints Marc Semigran as CMO - Renovacor announced the appointment of Marc Semigran, M.D., as chief medical officer of Renovacor. Semigran brings considerable clinical development and translational medicine experience to Renovacor, having previously served as chief medical officer and senior vice president of medical science at MyoKardia. Renovacor previously announced that it had entered into a definitive business combination agreement with Chardan Healthcare Acquisition 2, a special purposes acquisition company. Completion of the proposed business combination is subject to approval by the shareholders of CHAQ and certain other conditions. The proposed business combination is expected to close in the third quarter of 2021.
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LHCG | Hot Stocks07:09 EDT LHC Group to purchase Heart of Hospice - LHC Group has signed a definitive agreement to purchase Heart of Hospice from EPI Group, a family-owned holding company based in Charleston, South Carolina. The acquisition includes 16 hospice agencies in Arkansas, Louisiana, Mississippi, Oklahoma, and South Carolina. The providers will continue to operate under the Heart of Hospice name. The acquisition is expected to close during Q3, subject to customary closing conditions. LHC Group expects annualized revenue from this purchase of approximately $92.5M and that it will not materially affect its 2021 diluted EPS.
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LYRA | Hot Stocks07:08 EDT Lyra Therapeutics, LianBio announce partnership, license agreement for LYR-210 - Lyra Therapeutics and LianBio announced a strategic partnership and exclusive license agreement for the development and commercialization of LYR-210 in Greater China, South Korea, Singapore and Thailand. LYR-210 is an anti-inflammatory, intra-nasal drug matrix in late-stage development that is designed to treat chronic rhinosinusitis, a debilitating inflammatory disease of the nasal passages. Under the terms of the agreement, Lyra will receive an upfront payment of $12M and is eligible to receive up to $135M in future payments based upon the achievement of specified development, regulatory and commercialization milestones. Upon commercialization on a region-by-region basis, Lyra also will be entitled to receive low double-digit royalties based on net sales of LYR-210 in the licensed territories. LianBio will be responsible for the clinical development and commercialization of LYR-210 in the licensed territories, and Lyra will retain all rights to LYR-210 in all other geographies. As part of the agreement, LianBio will also have the first right to obtain development and commercial rights in the licensed territories to Lyra's LYR-220, an anti-inflammatory, intra-nasal, drug matrix in development for the treatment of CRS patients who have undergone a prior sinus surgery but continue to have persistent disease.
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KMDA | Hot Stocks07:08 EDT Kamada and Kedrion's Kedrab label update approved by FDA - Kamada and Kedrion announced that the FDA has approved a label update for Kedrab, establishing the product's safety and effectiveness in children. Kedrab, a human rabies immune globulin, is now indicated for passive, transient post-exposure prophylaxis of rabies infection in persons of all ages when given promptly following contact with a rabid or possibly rabid animal. The new updates to the Kedrab label are based on data from the Kedrab U.S. post marketing Pediatric Study. Additional evidence to support the use of Kedrab in children comes from real world evidence. According to Centers for Disease Control and Prevention (CDC) data, no children in the U.S. treated with post-exposure prophylaxis have been reported to have had rabies between 2018 and April 2021. Kamada sold approximately 5 million ml of KamRAB to date. Kamada holds the license for Kedrab and Kedrion Biopharma has exclusive rights to commercialize the product in the U.S.
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KMDA | Hot Stocks07:08 EDT Kedrion and Kamada announce FDA approval of KEDRAB label update - Kedrion Biopharma and Kamada announced the U.S. Food and Drug Administration FDA has approved a label update for KEDRAB establishing the product's safety and effectiveness in children. KEDRAB, a human rabies immune globulin is now indicated for passive, transient post-exposure prophylaxis of rabies infection in persons of all ages when given promptly following contact with a rabid or possibly rabid animal. The new updates to the KEDRAB label are based on data from the KEDRAB U.S. post marketing Pediatric Study, the first and only clinical trial to establish pediatric safety and effectiveness of any HRIG in the U.S. Additional evidence to support the use of KEDRAB in children comes from real world evidence. According to Centers for Disease Control and Prevention data, no children in the U.S. treated with post-exposure prophylaxis have been reported to have had rabies between 2018 and April 2021. Rabies is a life-threatening disease, but it is fully preventable if treated on time. It impacts approximately 40,000 people in the U.S. each year. According to the World Health Organization, up to 40 percent of people exposed to a suspected rabid animal are children under 15 years of age "Improving the lives of people with rare and serious diseases is our most important mission at Kedrion Biopharma," said Kedrion Biopharma Chief Executive Officer, Val Romberg. "As the U.S. market's first and only human rabies immune globulin to be studied in children, KEDRAB is an excellent example of that dedication. Today's news will provide added peace of mind for physicians who choose KEDRAB in treating children who have possibly been exposed to rabies. We are especially proud of our partnership with Kamada, which has resulted in this significant step forward in global health."
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HI | Hot Stocks07:08 EDT Hillenbrand CEO Joe Raver to retire, Kimberly Ryan to succeed - Hillenbrand announced that Joe Raver, President and CEO, plans to retire at the end of 2021. The Board of Directors has appointed Kimberly Ryan to succeed Raver as CEO on January 1, 2022, at which time she will also join the Hillenbrand Board. She will become Executive Vice President of Hillenbrand effective immediately. Ryan's selection is the culmination of a robust, multi-year leadership development and succession planning process led by the Board with the help of an independent external management consultant. Ryan joined the Batesville Casket Company in 1989 and in her 33 years with Hillenbrand, has held many senior roles, including President of Batesville. Since 2015, she has been President of Coperion, Hillenbrand's largest business, where she built a strong management team and drove excellent results - achieving 30% revenue growth to approximately $1B in 2020 and over 500 basis points of improved EBITDA margin - while establishing Coperion as a clear global industry leader. The CEO transition begins June 2. Effective immediately, Ryan will have responsibility for the company's businesses, including Mold-Masters, Milacron Injection Molding & Extrusion, Coperion, and Batesville. The leaders of these businesses will report directly to Ryan, and she will lead the development and execution of their strategies and business plans to drive profitable growth. The other members of the company's Executive Management Team will continue to report to Raver during the transition. As EVP, Ryan moves out of her role as President of Coperion. Ulrich Bartel, President of Coperion's Polymer Division, has been named Coperion President and joins the Hillenbrand Executive Management Team, effective immediately.
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ACIU | Hot Stocks07:07 EDT AC Immune provides update on Alzheimer's disease vaccine candidates - AC Immune provided key clinical and preclinical updates for its SupraAntigen-derived liposomal vaccine candidates, which are designed to convey active, long-lasting immunization against pathological forms of amyloid-beta. AC Immune is completing a Phase 2 study of its first clinical candidate, ACI-24, in people with mild Alzheimer's disease, and is also advancing an optimized ACI-24 formulation, which demonstrates enhanced and sustained immunogenicity in non-human primate studies, particularly against key pathological forms of Abeta such as oligomeric and pyroglutamate Abeta. Pyroglutamate Abeta is a highly neurotoxic form of Abeta that is N-terminally truncated and post-translationally modified to form pyroglutamate. Extracellular pyroGlu-Abeta is an important target for immunotherapy, as the peptide's altered biochemical properties make it more prone to aggregate compared to full-length Abeta, and it is a major component of Abeta plaques. Passive immunization with a monoclonal antibody specific for pyroglutamate Abeta demonstrated encouraging clinical results in a recently published Phase 2 clinical study. In non-human primates, vaccination with the optimized ACI-24 vaccine generated a strong, conformation-specific antibody response against oligomeric and pyroGlu-Abeta. A robust boosting effect was also observed, the magnitude of which was substantially greater against pyroGlu-Abeta compared to full-length Abeta. Epitope mapping studies using sera from immunized cynomolgus monkeys showed the strongest signals for sites binding to peptides covering N-terminal regions of Abeta located just beyond where cleavage occurs to form pyroGlu-Abeta. This further supports the strong response observed against this key pathological variant. In addition, AC Immune completed an 18-month interim assessment of safety and tolerability in the Phase 2 study evaluating ACI-24 in patients with mild AD. Confirming earlier interim results, there have been no safety concerns nor evidence for CNS inflammation or ARIA related to ACI-24 in any subject. AC Immune will complete the Phase 2 study with the 24-month analysis on the basis of currently enrolled patients.
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WBA ABC | Hot Stocks07:06 EDT Walgreens Boots complete sale of Alliance Healthcare for $6.5B - Walgreens Boots Alliance (WBA) announced it has completed the sale of its Alliance Healthcare businesses to AmerisourceBergen (ABC) for total consideration of approximately $6.5B, made up of $6.275B in cash and 2M shares of AmerisourceBergen common stock. The company will use the cash proceeds to reduce debt and accelerate growth of its core retail pharmacy and healthcare businesses. The company has used a portion of the funds to repay the outstanding amount owed on a $3.8B term loan that funded the bond tender completed by the company on April 26, 2021. This has eliminated $3.3B in debt from the company's balance sheet. The remaining net cash proceeds are planned to be invested in strategic opportunities and to expand healthcare offerings to help accelerate the company's growth strategy. These investments will further build on previously announced initiatives, including WBA's investment in VillageMD to support the opening of 600-700 Village Medical at Walgreens primary care clinics, as well as WBA's acquisition of a majority stake in iA, a leading-edge provider of software-enabled pharmacy automation solutions.
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FURY | Hot Stocks07:05 EDT Fury Gold Mines provides update on Eau Claire project - Fury Gold Mines is pleased to announce an updated geological framework that has enhanced the regional targeting at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec. Targets have been refined through the re-interpretation of airborne magnetic and electro-magnetic surveys and associated 3D inversions. Target areas are defined by complex structural zones and associated favourable lithologies that highlight two distinct styles of mineralization: quartz-tourmaline vein systems, as observed at the Eau Claire deposit, and sedimentary hosted breccias that characterize the Percival prospect, located approximately 14 kilometres east of Eau Claire along the Cannard Deformation Zone. During the summer, Fury plans to advance the newly identified targets through multi-element geochemical surveys, geological mapping, and potentially ground based induced polarization geophysical surveys with the aim of drilling the most robust targets during Q4 2021. More importantly, the Company will conduct new geochemistry surveys over each of the target areas as the historical geochemistry data set had inconsistencies in sample collection procedures, material sampled and analytical techniques. These inconsistencies resulted in gold bearing prospects not being imaged in the historical dataset and an inability to interpret the geochemical values and their significance. Additionally, approximately 75% of the historical surface geochemical samples did not utilize multi-element assay techniques to define pathfinder elements for gold. Therefore, each of the target areas will employ biogeochemical surveys, which was used to successfully image the Percival prospect, accurately defining the gold and alteration footprints of each target area. An updated interpretation of the Percival prospect, discovered in 2018, indicated that high-grade mineralization is parallel to highly magnetic bodies representing a steeply plunging fold geometry. Based on recently completed 3D inversions of airborne magnetic data there is the potential to extend high-grade mineralization up to 500 metres down plunge from historical intercepts of 8.5m of 7.13 g/t gold, 9m of 6.26 g/t gold, and 2m of 8.47 g/t gold. In addition, the Company has identified a new parallel steeply plunging fold approximately 500m to the east of the known mineralization that has not been drill tested. The Company plans to conducted ground based geophysical induced polarization surveys to further refine the targeting at Percival to image the sulphide rich mineralization through the acquisition of chargeability data.
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LQDA | Hot Stocks07:05 EDT FDA accepts Liquidia's NDA resubmission for LIQ861, treprostinil - Liquidia announced that the U.S. Food and Drug Administration, FDA, has accepted its New Drug Application NDA resubmission for LIQ861, treprostinil, inhalation powder to treat pulmonary arterial hypertension PAH. The FDA confirmed that the resubmission was a complete, class 2 response to the previous action letter issued on November 24, 2020. The FDA set a PDUFA goal date of November 7. If the FDA determines, following its substantive review of the NDA, that all requirements for approval have been met, the FDA may issue tentative approval on a timeline generally informed by the PDUFA goal date. Any final FDA approval of the NDA for LIQ861 would be subject to the resolution of the pending Hatch-Waxman litigation commenced by United Therapeutics, and also subject to the FDA's consideration of developments that may have occurred since the time of the tentative approval. The FDA may not issue a final approval until the expiration of a 30-month regulatory stay in October 2022 or an earlier judgment unfavorable to United Therapeutics by the court. A new drug product may not be marketed until the date of final approval which is confirmed by the FDA at the time of final submission.
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KPTI | Hot Stocks07:03 EDT Karyopharm's nexpovio receives conditional marketing authorization in U.K. - Karyopharm's Nexpovio, the company's first-in-class, oral Selective Inhibitor of Nuclear Export medicine has been granted conditional marketing authorization by the UK's Medicines & Healthcare Products Regulatory Agency, in combination with dexamethasone for the treatment of multiple myeloma in adult patients who have received at least four prior therapies and whose disease is refractory to at least two proteasome inhibitors, two immunomodulatory agents, and an anti-CD38 monoclonal antibody, and who have demonstrated disease progression on the last therapy. Conditional marketing authorization is supported by data from the positive Phase 2b STORM study, which evaluated selinexor in adult patients with heavily pretreated, triple class refractory multiple myeloma and was published in the New England Journal of Medicine in August 2019. Continued authorization for this indication is contingent upon verification and description of clinical benefit in a confirmatory trial and is subject to additional monitoring. This marketing authorization follows a similar authorization granted by the European Commission and valid in all 27 European Union member countries announced on March 29.
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BHC CLSD | Hot Stocks07:03 EDT Bausch Health, Clearside announce FDA filing acceptance for XIPERE - Bausch Health Companies (BHC) along with Clearside Biomedical (CLSD) announced that the U.S. Food and Drug Administration has accepted the resubmitted New Drug Application for XIPERE. FDA determined that the filing is a Class 2 resubmission and therefore assigned a Prescription Drug User Fee Act action date of October 30, 2021. XIPERE is an investigational therapy with a proposed indication of treatment of macular edema associated with uveitis.
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HI | Hot Stocks07:03 EDT Hillenbrand Joe Raver to retire, Kimberly Ryan to succeed - Hillenbrand announced that Joe Raver, President and CEO, plans to retire at the end of 2021. The Board of Directors has appointed Kimberly Ryan to succeed Raver as CEO on January 1, 2022, at which time she will also join the Hillenbrand Board. She will become Executive Vice President of Hillenbrand effective immediately. Ryan's selection is the culmination of a robust, multi-year leadership development and succession planning process led by the Board with the help of an independent external management consultant. Ryan joined the Batesville Casket Company in 1989 and in her 33 years with Hillenbrand, has held many senior roles, including President of Batesville. Since 2015, she has been President of Coperion, Hillenbrand's largest business, where she built a strong management team and drove excellent results - achieving 30% revenue growth to approximately $1B in 2020 and over 500 basis points of improved EBITDA margin - while establishing Coperion as a clear global industry leader. The CEO transition begins June 2. Effective immediately, Ryan will have responsibility for the company's businesses, including Mold-Masters, Milacron Injection Molding & Extrusion, Coperion, and Batesville. The leaders of these businesses will report directly to Ryan, and she will lead the development and execution of their strategies and business plans to drive profitable growth. The other members of the company's Executive Management Team will continue to report to Raver during the transition. As EVP, Ryan moves out of her role as President of Coperion. Ulrich Bartel, President of Coperion's Polymer Division, has been named Coperion President and joins the Hillenbrand Executive Management Team, effective immediately.
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PLX | Hot Stocks07:00 EDT Protalix, Chiesi announce results from analysis of Phase III BALANCE trial - Protalix BioTherapeutics and Chiesi Global Rare Diseases provided an update regarding the clinical development of pegunigalsidase alfa for the proposed treatment of Fabry disease. Protalix will host a conference call today, June 2, 2021, at 8:30 am Eastern Daylight Time, to review regulatory matters related to the development of PRX-102. PRX-102 is currently being studied in the pivotal Phase III BALANCE clinical trial and in two ongoing long-term extension studies, all of which are part of the overall clinical development of PRX-102 for the proposed treatment of Fabry disease. The BALANCE study is a 24-month, randomized, double-blind, active control study of PRX-102 in Fabry patients with impaired renal function and is designed to evaluate the safety and efficacy of 1 mg/kg of PRX-102 dosed every two weeks compared to agalsidase beta. The study enrolled 78 patients who were randomized on a 2:1 scheme. The BALANCE study is ongoing and assignment to treatment arm remains blinded. The primary endpoint of the interim analysis is the comparison of mean annualized changes of the eGFR after completion of at least 12 months of treatment between the two treatment arms. The interim efficacy analysis was conducted on two pre-defined analysis sets: Intention to Treat, consisting of all randomized patients who received at least one dose, considered as the primary analysis for this interim review; and the Per Protocol, consisting of all patients who completed at least 12 months of treatment with no major protocol violations. The patient population of the study is comprised of 47 males and 30 females with a mean age of 44.3 years. The initial top-line results show that the lower boundary of the confidence interval for the mean difference between the two treatments was below the non-inferiority margin pre-specified for this interim analysis in the ITT analysis set and above such limit in the PP analysis set. At the time of this analysis, two patients discontinued participation due to treatment emergent adverse events. Of these two patients, one discontinued participation due to a related adverse event. No deaths were registered. Overall, safety data appears favorable and consistent with what was observed in previous clinical studies with PRX-102. Unblinded final data is anticipated to be released in the second quarter of 2022 after all remaining patients have completed the 24-month treatment period. Based on the interim analysis of the 12-month data generated from the BALANCE study, and in combination with previously reported positive data from the Phase III BRIGHT and BRIDGE clinical trials of PRX-102, Protalix and Chiesi intend to submit a Marketing Authorization Application to the European Medicines Agency for the review of PRX-102 for the proposed treatment of Fabry disease. In addition to the BALANCE study, the PRX-102 clinical program currently includes extension studies for patients who completed the BRIDGE, BRIGHT and BALANCE studies, as well as a Phase I/II clinical trial of PRX-102. Currently, more than 100 patients who participated in such studies continue to be treated in the extension studies, and additional patients completing the BALANCE study are expected to join the extension studies. Regarding the regulatory process in the United States, Protalix and Chiesi plan to submit a Type-A meeting request with the FDA to discuss the path for approval of PRX-102.
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PNR | Hot Stocks07:00 EDT Pentair announces Social Responsibility Strategic Targets - Pentair announced its Social Responsibility Strategic Targets. The new targets were launched with the release of Pentair's 2020 Corporate Responsibility Report and include: reducing Scope 1 and 2 greenhouse gas emissions by 50% from a 2019 baseline by 2030, and aim to achieve carbon neutrality by 2050; targeting a 30% reduction in overall water withdrawal from a 2019 baseline by 2030; to further assess, design, and commercialize products for environmental sustainability to reduce customers' impact on climate change; to build a more sustainable supply chain, to refresh the Supplier Code of Conduct with increased focus on environmental sustainability and social responsibility in 2021, and launching an updated supplier assessment process in 2022; achieving an inclusive and diverse workforce and leadership team with a specific focus on increasing women in leadership positions globally and persons of color representation in U.S. leadership positions.
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BMY | Hot Stocks07:00 EDT Bristol-Myers receives EC approval for Opdivo plus Yervoy as treatment for MPM - Bristol Myers Squibb announced that the European Commission has approved Opdivo plus Yervoy for the first-line treatment of adults with unresectable malignant pleural mesothelioma. The EC's decision is based on results from the CheckMate -743 trial, the first and only positive Phase 3 study of an immunotherapy in first-line MPM. The trial met its primary endpoint, showing superior overall survival with Opdivo plus Yervoy versus chemotherapy (pemetrexed and cisplatin or carboplatin) in all randomized patients. The safety profile for Opdivo plus Yervoy in first-line MPM was manageable using established adverse event management protocols and consistent with previous studies of the combination in other tumor types.
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BDX | Hot Stocks06:57 EDT Becton Dickinson authorized as CVE Numbering Authority - BD announced that it has become the first medical technology company authorized as a Common Vulnerability and Exposures Numbering Authority by the CVE Program. As a CVE Numbering Authority, BD is authorized to assign CVE identification numbers to newly discovered vulnerabilities in its software-enabled products. This includes using the Common Weakness Enumeration system to classify vulnerability types and applying the Common Vulnerability Scoring System to communicate vulnerability characteristics and severity. The purpose of the CVE Program is to bolster international cybersecurity defense by cataloguing publicly disclosed cybersecurity vulnerabilities. The CVE Program is sponsored by the U.S. Department of Homeland Security Cybersecurity and Infrastructure Security Agency and operated by MITRE Corporation.
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TSN | Hot Stocks06:56 EDT Tyson Foods says Donnie King to succeed Dean Banks as President and CEO - Tyson Foods announced that COO Donnie King has been named President and CEO, effective immediately. Current President and CEO Dean Banks is leaving the company and board for personal reasons. King has more than 36 years of experience in the protein business, holding a variety of executive leadership positions involving virtually all facets of the company including poultry, beef, pork, prepared foods and international. He has also provided executive oversight of other important areas, such as food safety and quality assurance, health and safety, continuous improvement, engineering, and supply chain.
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MMM | Hot Stocks06:55 EDT 3M, Bemis Associates enter agreement for 3M Scotchlite Reflective Material - 3M has entered an agreement with Bemis Associates Inc. to distribute and convert 3M Scotchlite Reflective Materials. The distribution agreement will leverage each brand's unique capabilities to serve sportswear and activewear brands globally with innovative and unique reflective solution offerings.
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CTRN | Hot Stocks06:50 EDT Citi Trends authorizes new $30M share repurchase program - Citi Trends authorized a new $30M share repurchase program. The company expects to fund the share repurchase program from cash on hand. In FY21 through the end of May, the company has repurchased approximately 623,000 shares of its common stock at an aggregate cost of approximately $53.6M. As of May 28, approximately $1.7M remains available under the company's previously authorized share repurchase program.
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LE | Hot Stocks06:50 EDT Land's End CEO says 'extremely pleased' with Q1 results - Jerome Griffith, CEO, stated, "We are extremely pleased with our first quarter results, which exceeded our expectations and illustrate the sustained momentum in our business. Our Global eCommerce business is stronger than ever as we continued to execute our digitally led product and marketing strategies while the recovery in Outfitters is occurring at a faster pace than we expected. In addition to the better than expected revenue growth in the quarter, through gross margin expansion and effective cost controls, we delivered a $34.1 million improvement in Adjusted EBITDA, as we continued to focus on driving profitability. We believe we have a strong foundation in place and an expanding total addressable market, and I am extremely excited for our significant opportunities that lie ahead."
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LE | Hot Stocks06:49 EDT Land's End reports Q1 gross margin 46% - Gross margin was 46.0%, expanding approximately 260 basis points compared to 43.4% in the first quarter of fiscal 2020 and approximately 30 basis points compared to 45.7% in the first quarter of fiscal 2019. The Gross margin increase was primarily due to merchandise margin expansion in the U.S. eCommerce channel driven by improved promotional strategies and continued use of analytics, offset by increased shipping costs and surcharges as well as higher sales mix from the lower-margin Third Party channel.
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EGAN | Hot Stocks06:40 EDT eGain selected by Family Court of Delaware for virtual assistance channels - eGain has been selected by the Family Court of the State of Delaware for virtual assistance and live chat digital channels. The Family Court holds jurisdiction over domestic matters with multiple locations across the state. As part of COVID-19 social guidelines, to maintain citizen accessibility to information, the Family Court chose to expand their use of digital channels, with the goal of boosting both agent productivity and customer experience. eGain Virtual Assistant will provide users with general information and resources. The court's resource center agents will use eGain SuperChat to handle escalated issues that cannot be resolved by the Virtual Assistant.
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CLEU | Hot Stocks06:38 EDT BLCU uses China Liberal Education's integrated smart teaching system - China Liberal Education Holdings announced that Beijing Language and Culture University used the Company's integrated smart teaching system in the thesis defense of students majoring in Chinese language and literature at the College of Intensive Chinese Training. ISTS is designed to meet the teaching needs of the College, utilizing the Company's self-developed, patented all-in-one machine, AI-Space, to provide integrated visualization solutions in classrooms. AI-Space's main functions include online and offline sound synchronization, image display with high definition, and sound localization.
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AAP | Hot Stocks06:37 EDT Advance Auto Parts raises FY21 adjusted operating income margin view to 9%-9.2% - Prior view was 8.9%-9.1%. Backs FY21: CapEx view $300M-$350M; tax rate 24%-26%; free cash flow minimum $575M; new store openings 100-150.
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VIAV | Hot Stocks06:37 EDT Viavi introduces mOSA opticl spectrum analysis module - VIAVI Solutions introduced the mOSA Module, adding optical spectrum analysis to the VIAVI Multiple Application Platform Optical Manufacturing Test system. The mOSA complements existing VIAVI solutions for optical power measurement, switching and signal conditioning, and test automation, further enhancing the industry's most comprehensive test portfolio for development and manufacturing of optical communications technology.
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CNTG ALEC | Hot Stocks06:37 EDT Centogene begins study to identify patients with frontotemporal dementia - Centogene (CNTG) announced a new observational study to understand the prevalence of genetic mutations in patients with frontotemporal dementia. The observational EFRONT Study is being conducted with support from Alector (ALEC) under a commercial agreement, the financial details of which were undisclosed. Leveraging Centogene's proprietary Bio/Databank, the observational EFRONT Study aims to enroll and genetically test more than 3,000 FTD patients at participating centers in Europe.
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GLGDF | Hot Stocks06:36 EDT GoGold Resources releases results of six drill holes from El Favor deposit - GoGold Resources released the results of 6 new drill holes from the El Favor deposit in the Los Ricos North project. Drill hole LRGF-21-041 intersected 56.1m of 105 g/t silver equivalent, including 1.3m of 1,243 g/t AgEq. The merging of 4 veins in the western portion of El Favor continue to provide significant widths of good grade which could be potentially amenable to bulk mining. Currently at El Favor drilling is underway on an eastern extension of the structure where good mineralization has been encountered and assay results are expected in the coming weeks. Three of the four major veins appear to converge into a 100m wide zone at the western end of the El Favor deposit in the vicinity of the Hundido Pit at an elevation of 1300m. The wallrock in between the veins is strongly silicified, altered and mineralized. This mineralization can be observed in outcrop at the Hundido Pit, underground in the Salomon Cross Cut and in the road cuts along the north side of the El Favor hill and in the drill holes. More holes are required in this area to determine the strike length and potential depth of these wide combined zones. The Eastern end of the El Orito deposit is located about 800 metres along strike to the west of the Hundido Pit. Wide zones of precious and base metal mineralization were cut by drill holes at El Orito at elevations between 600 to 800m. Geological mapping, prospecting and sampling programs in the area between El Orito and the Hundido Pit have been accelerated and given priority.
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NVS | Hot Stocks06:35 EDT Novartis' Cosentyx gets FDA approval for children's plaque psoriasis - Novartis announced the U.S. Food and Drug Administration has approved Cosentyx for the treatment of moderate to severe plaque psoriasis in pediatric patients six years and older who are candidates for systemic therapy or phototherapy. "This is the first approval for Cosentyx in a pediatric population in the U.S. The Cosentyx clinical profile is supported by five years of adult data showing long-lasting efficacy and a consistent safety profile across moderate to severe plaque psoriasis, psoriatic arthritis and ankylosing spondylitis," the company stated.
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STEM AMRC | Hot Stocks06:34 EDT Stem collaborates with Ameresco on smart energy storage project in Colorado - Stem (STEM) will provide smart energy storage services to Ameresco (AMRC) for a battery storage project with Holy Cross Energy, an electric cooperative serving Garfield, Pitkin, and Eagle Counties in Western Colorado. In April, Ameresco announced a 5 MW solar PV project with 15 MW hours of battery energy storage for HCE, which utilizes land leased from Colorado Mountain College at its Spring Valley Campus. With Stem's system design support, Ameresco will build, operate, and maintain the campus facilities while simultaneously helping HCE meet its "100x30" goal of sourcing 100% of electricity used to serve members' load with renewable resources by 2030. Additionally, this project is expected to reduce annual greenhouse gas emissions. As a certified partner in Stem's Partner Program, Ameresco will leverage Stem's smart energy storage solution, which includes the company's Athena platform built to integrate and optimize energy resources.
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TRMB | Hot Stocks06:34 EDT KTH Royal Institute of Technology to establish Trimble Technology Lab - Sweden's KTH Royal Institute of Technology has received a gift from Trimble to establish a state-of-the-art Technology Lab for architecture, engineering and construction. The lab will expand the university's leadership in training and research in 3D building design, digital fabrication and the sustainable built environment. The Trimble Technology Lab will provide students enrolled in KTH's School of Architecture and the Built Environment hands-on experience with Trimble solutions. Applications of these solutions range from scanning buildings or sites, design and 3D printing of architectural building models and digital fabrication to implementing construction cost estimating and scheduling to improve productivity and reduce costs. Partnering with Trimble allows KTH to more fully integrate across its curricula the technological tools that are rapidly transforming how buildings and living environments are designed and constructed.
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AAP | Hot Stocks06:33 EDT Advance Auto Parts CFO: 'We continue to see top-line sales strength' in Q2 - "We continue to see top-line sales strength in the early weeks of the second quarter of 2021," said Jeff Shepherd, executive vice president and chief financial officer. "Through the first four weeks of Q2, our comp sales continue to trend in the mid-teens and on a two-year stack are comparable with our Q1 2021 increase of 15.4%. While we're still anticipating significant volatility throughout the balance of this year due to macro-economic factors, we're again updating our full year guidance to reflect this continued top-line momentum."
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PLNHF | Hot Stocks06:32 EDT Planet 13 'welcomes' Bill 341 allowing consumption lounge operations - Planet 13 Holdings welcomes recently passed bill 341 allowing existing licensed dispensaries to operate a consumption lounge co-located with the dispensary. Planet 13 has reserved a dedicated space within the Las Vegas SuperStore for a consumption lounge which it will look to get built as soon as possible. "We are thrilled that after the long wait, Nevada will finally be home to consumption lounges. We've long believed that tourists needed a safe, legal, and enjoyable place to consume cannabis and have been planning for a consumption lounge at the SuperStore since the bill was originally proposed two years ago," said Bob Groesbeck Co-CEO of Planet 13. "Our SuperStore is one of the only dispensaries with the space on site and the proximity to the Las Vegas Strip to create a truly Vegas style club. As with the rest of our dispensary we look forward to setting the bar and showing the industry what is possible when your goal is to Out Vegas, Vegas."
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DVA | Hot Stocks06:23 EDT DaVita launches virtual support groups through DaVita Care Connect - DaVita Kidney Care launched virtual support groups through DaVita Care Connect, a mobile health platform designed for home dialysis patients, to help create community and belonging for those treating at home. Led by DaVita Home support specialists, the support groups encourage live, two-way communication between patients to ask questions and share experiences. Sessions are available for DaVita patients at no extra cost and can be scheduled daily or weekly within DaVita Care Connect.
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CYD | Hot Stocks06:22 EDT China Yuchai forms strategic partnership with Sunlong to develop EVs - China Yuchai International announced it has entered into a strategic partnership agreement with an electric vehicle bus producer in China, Guangxi Shenlong Automobile Manufacturing. According to the strategic partnership agreement, China Yuchai and Sunlong will join technologies to develop new energy vehicles based upon China Yuchai's four new energy powertrain systems including the ISG power generation powertrain, e-CVT power-split hybrid powertrain, integrated electric drive axel powertrain, and a fuel cell system. In addition to product development, China Yuchai and Sunlong will leverage each other's supply chains and distribution networks, especially in international markets, with a focus on entering into the southeast Asian markets. Headquartered in Nanning, Guangxi Province, Sunlong specializes in new energy buses, and logistical vehicle development and production in southern China. In the past, China Yuchai has supplied its electric direct drive system, hybrid system and Nat VI-compliant CNG natural gas engine to Sunlong for its vehicles sold in southern and western China. In April 2021, the first batch of Sunlong buses featuring China Yuchai's new energy powertrain systems was delivered to the Nanning local public transit operator.
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OPTN | Hot Stocks06:19 EDT Optinose announces publication of treatment algorithm for chronic rhinosinusitis - Optinose announced that the publication of a new stepped-care treatment algorithm in the International Forum of Allergy & Rhinology, "Multidisciplinary consensus on a stepwise treatment algorithm for management of chronic rhinosinusitis with nasal polyps," recommends Exhalation Delivery System-fluticasone for the treatment of patients with nasal polyps. It also recommends EDS-FLU as a step in between initial care with standard intranasal steroids and before escalation of care with surgery or biologic medicines. The algorithm was informed by evidence-based, peer-reviewed data supporting the use of therapeutic and interventional treatments to arrive at the recommended stepwise care paradigm. The growing number of medical and surgical treatment options available for patients with nasal polyps can cause confusion among providers regarding the optimal sequence for those treatment modalities. The algorithm seeks to lend order to treatment and serve as a basis for improving quality of care. The publication discusses considerations in a pathway for care that incorporates several new treatments approved in recent years into a logical stepwise escalation of medical care, including but not limited to standard nasal steroid sprays, EDS-FLU, surgery, implants and biologics. XHANCE was approved by the U.S. Food and Drug Administration in 2017 for the treatment of nasal polyps in patients 18 years of age and older and is the only medication available that uses the EDS to deliver an anti-inflammatory medicine high and deep to the source of the problem.
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SCKT | Hot Stocks06:18 EDT Socket Mobile offers compatibility with EU Digital COVID Certificates - Socket Mobile announce d that its entire family of barcode scanners offer out-of-the-box support for applications designed to facilitate EU Digital COVID Certificates. On May 20th, the European Commission announced a "provisional political agreement between the European Parliament and the Council on the Regulation governing the EU Digital COVID Certificate." The Certificate will facilitate travel within EU borders by providing information such as vaccination, test and recovery status via a digitally signed QR code. To encourage a timely roll-out, the Commission will provide member states with open-source reference software. EU member states will then develop their own applications to issue certificates and scan and check QR codes.
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BITE | Hot Stocks06:15 EDT Bite Acquisition receives NYSE listing non-compliance notice - Bite Acquisition received a formal notice of non-compliance on May 25 from the NYSE relating to the company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31. On April 12, the SEC issued a statement clarifying the accounting guidance for warrants with terms that are common for Special Purpose Acquisition Companies. The immediacy of the effective date of the new guidance set forth in the Statement has resulted in a significant number of SPACs re-evaluating the accounting treatment for their warrants with their professional advisors. This, in turn, resulted in the company's delay in preparing and finalizing its financial statements as of and for the quarter ended March 31 and filing its Form 10-Q with the SEC by the prescribed deadline. The company expects to file its Form 10-Q with the SEC on or about June 3, and is in compliance with all other NYSE continued listing requirements.
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NESR | Hot Stocks06:12 EDT National Energy Services awarded oil company contracts for $150M - National Energy Services reported multiple contract awards with major international oil companies for Integrated Rigless Services and Drilling and Completion Fluids in the Middle East and North Africa region which will be executed over the next three years for up to $150M.
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DCI | Hot Stocks06:10 EDT Donaldson raises FY21 engine sales growth view to 12%-14% from 8%-12% - Fiscal 2021 Engine sales are now projected to increase between 12% and 14% from fiscal 2020, compared with prior guidance of an increase between 8% and 12%. Off-Road, On-Road, and Aftermarket are expected to show strong growth. Partially offsetting this growth is an expected year-over-year sales decline in Aerospace and Defense. Fiscal 2021 Industrial sales are expected to increase between 3% and 5% from fiscal 2020, compared with prior guidance in a range between a 2% decline and a 2% increase. Growth in Industrial reflects an expected sales increase in IFS led by IAF and Process Filtration partially offset by declines in GTS and Special Applications. Donaldson expects fiscal 2021 adjusted operating margin between 13.8% and 14.2%,3 compared with 13.2% in fiscal 2020. The year-over-year improvement is expected to come from higher gross margin, reflecting improved absorption on higher sales, pricing initiatives, as well as operating expense leverage. The improvement is partially offset by higher raw material and freight costs, second half sales mix pressure, primarily in the Engine segment, and increased incentive compensation expense
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ESLT | Hot Stocks06:10 EDT Elbit Systems awarded $80M contract for AI-powered optical systems - Elbit Systems was awarded an approximately $80M contract by a country in Asia-Pacific to supply Spectro XR multi-spectral electro-optic systems for maritime forces. The contract will be performed over a period of four years. Elbit Systems will supply Spectro XR EO systems that will be integrated onboard a variety of maritime platforms. Using Artificial Intelligence, Spectro XR applies multi-target video tracking, Moving Target Indication and Video Motion Detection to continuously scan for targets, extract operational insights and reduce human error.
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GMALY | Hot Stocks06:09 EDT Miley Cyrus to headline Resorts World Las Vegas grand opening - Resorts World Las Vegas, the Las Vegas Strip's new 3,500-room resort opening June 24, announced it will host its grand opening celebration on July 4 at 9 p.m. at Ayu Dayclub with a live performance by Miley Cyrus. The live show will take place at Ayu Dayclub, a new nightlife destination from Zouk Group and conclude with a Fourth of July firework show
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AZN | Hot Stocks06:08 EDT AstraZeneca's Anifrolumab demonstrated benefit across measures of skin disease - The company states: "A new post-hoc analysis of pooled data from the TULIP Phase III clinical trials being presented at the annual European Congress of Rheumatology showed anifrolumab was consistently associated with improvements in both skin rash and arthritis across three different disease measures each, compared to placebo, in patients with moderate to severe systemic lupus erythematosus, or SLE. The analysis examined disease manifestations in the two most commonly impacted organ domains in SLE. Anifrolumab is a potential first-in-class type I interferon inhibitor. For skin rash, the difference in response rates for anifrolumab versus placebo at week 52 were 13.5% SLE Disease Activity Index (SLEDAI), 15.5% British Isles Lupus Assessment Group index and 15.6% modified Cutaneous Lupus Erythematosus Disease Area and Severity Index . For arthritis, differences in response rates were 8.2% SLEDAI, 11.8% BILAG and 12.6% joint response. The most frequently reported adverse events for anifrolumab in the TULIP-1 and TULIP-2 trials were upper respiratory tract infection, bronchitis, infusion-related reactions and herpes zoster. AstraZeneca's application for anifrolumab in SLE is under review by regulatory authorities in the US, EU and Japan, with decisions anticipated in the second half of 2021. Anifrolumab is not currently approved in any country. Reference Link
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ENSG CTRE | Hot Stocks06:08 EDT Ensign Group acquires four nursing facilities in Washington from CareTrust REIT - Ensign Group (ENSG) acquired the operations of four skilled nursing facilities in Washington: Mira Vista Care Center, a 94-bed skilled nursing facility located in Mount Vernon, WA; Shoreline Health and Rehabilitation, a 114-bed skilled nursing facility located in Shoreline, WA; The Oaks at Lakewood, a 80-bed skilled nursing facility located in Lakewood, WA; and The Oaks at Timberline, a 98-bed skilled nursing facility located in Vancouver, WA. The real estate for each of these operations is owned by CareTrust REIT (CTRE) and each operation will be added to an existing long-term, triple-net master lease, which is currently in place between Ensign affiliates and CareTrust. This acquisition brings Ensign's portfolio to 240 healthcare operations, 22 of which also include senior living operations, across thirteen states. Ensign owns 95 real estate assets.
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MAC | Hot Stocks06:07 EDT Macerich issues 2020 Corporate Responsibility Report - Macerich issued the Company's Corporate Responsibility Report with data for the period ending December 31, 2020. Macerich's comprehensive new report for 2020 details the Company's people-first response to COVID-19, active local stewardship and philanthropy, and commitment to fostering employee wellness and satisfaction. The report also conveys Macerich's continuing environmental leadership in the retail real estate industry, including plans to achieve carbon neutrality by 2030 - decades ahead of the Paris climate agreement. As well, Macerich's 2020 report demonstrates the Company's transparent approach to ethical practices and governance.
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IPSEY | Hot Stocks06:07 EDT Ipsen initiates share buyback program - Ipsen has appointed an investment-services provider to purchase 500,000 Ipsen S.A. shares, or about 0.6% of the share capital, over a maximum period of six months. The shares purchased under this agreement will be allocated mainly to cover its free performance share-allocation plans and its new employee share-ownership plan. This program is made pursuant to the authorization granted by the Combined Shareholders' meeting, held on May 27.
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HITIF HITI | Hot Stocks06:06 EDT High Tide bgins trading on Nasdaq - High Tide announced that the Company's common shares will commence trading today on the Nasdaq Capital Market under the ticker symbol "HITI". The Company's Nasdaq listing is expected to increase access to investment in High Tide from retail and institutional investors around the world. Furthermore, with access to a much larger capital market, the Company expects to improve liquidity for its Common Shares and, in turn, optimize its cost of capital. High Tide continues to retain its listing on the TSX Venture Exchange under the symbol "HITI". The ticker used for the Common Shares traded on the OTC Markets quotation system under the current symbol "HITID" has been seamlessly transferred to the new ticker symbol "HITI".
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DCI | Hot Stocks06:06 EDT Donaldson sees FY21 CapEx $55M-$60M - Cash flow conversion is still expected above 100%, reflecting strong year-to-date conversion and an increase in working capital. Donaldson expects to repurchase 1.5% to 2.0% of its outstanding shares during fiscal 2021.
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IBM SWI | Hot Stocks06:04 EDT IBM to establish IBM Center for Government Cybersecurity - IBM (IBM) announced that it is creating the IBM Center for Government Cybersecurity, a collaborative environment focused on helping federal agencies address current and future cybersecurity threats. The company said, "The center will facilitate events and learnings, drawing on IBM's cybersecurity expertise from delivering software and managed services to over 17,500 security customers globally. Working with a group of internal IBM experts and external advisors, including former government officials with decades of cybersecurity experience, the center will leverage IBM technology and host workshops focused on priorities such as zero trust frameworks and cloud security, complemented by access to IBM Research labs to collaborate around the future of encryption. As recent threats like SolarWinds (SWI) and the Colonial Pipeline ransomware attack against critical infrastructure have shown, the threat landscape has crossed over from the digital world to the physical. In fact, the 2021 IBM Security X-Force Threat Intelligence Index found that ransomware accounted for 33% of the attacks on government organizations in 2020. With the US Federal government furthering its investment in hybrid cloud, new approaches for cybersecurity should focus on protecting both systems as well as data - no matter where it is - either on premise, in the cloud, or at the edge." The IBM Center for Government Cybersecurity will be housed at IBM's offices in downtown Washington DC. The new facility will feature secured laboratory space where government customers can collaborate on unique solutions for advanced security threats leveraging insights from demos of IBM technologies and services. Initially, IBM will conduct virtual sessions to accommodate any challenges to meeting in person, with the capability to execute engagements at on-site customer locations. A central goal of the IBM Center for Government Cybersecurity is to provide access to information on cybersecurity technologies IBM is using with the public and private sectors, and security innovations being developed in IBM Research laboratories via workshops. Some of initial examples of the sessions IBM will conduct include: Adapting to a Zero Trust World; Hybrid Cloud Security Challenges for Data Portability; The Future of Cryptography.
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AEIS | Hot Stocks06:03 EDT Advanced Energy acquires calibration instrumentation provider Tegam - Advanced Energy has acquired Tegam, a provider of metrology and calibration instrumentation used in semiconductor and advanced industrial markets. Based in Geneva, Ohio, Tegam adds complementary RF power instruments and calibration systems and expands Advanced Energy's presence in several industrial markets. Advanced Energy paid $18M in cash for the acquisition, subject to customary adjustments for net working capital. Tegam generated approximately $10M in revenue for FY20. The company expects the acquisition to be accretive to 2021 non-GAAP EPS.
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EBET | Hot Stocks05:57 EDT Esports Technologies names Mark Thorne as Chief Marketing Officer - Esports Technologies announced the appointment of accomplished gaming industry veteran Mark Thorne as its new Chief Marketing Officer. Thorne brings nearly 20 years of industry experience to the executive team, having served in leadership roles with Betfair, GVC, Betfirst, Bonnier Gaming, and Twin.com. He will report directly to Aaron Speach, Esports Technologies CEO.
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AZN | Hot Stocks05:55 EDT Proteros enters oncology collaboration, license agreement with AstraZeneca - Proteros biostructures announced that it has signed an agreement with AstraZeneca to jointly discover and develop novel small molecules for the potential treatment of various types of cancer. The collaboration brings together Proteros' discovery capabilities which are tailored to unlock even the most technically challenging drug targets with AstraZeneca's expertise in target biology and medicinal chemistry to jointly discover novel lead compounds which will be further developed, manufactured, and commercialized by AstraZeneca. Under the agreement, AstraZeneca will provide research funding and Proteros will be eligible for success-based research, development, and commercial milestone payments up to 62M EUR plus tiered royalties on annual net sales.
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AMZN | Hot Stocks05:53 EDT Amazon.com postpones Prime Day plans in Canada, India - The company said, "Due to the increasing impact of COVID-19 in Canada and India, we have decided to postpone Prime Day plans in those countries while we focus on the safety of our employees and on supporting our customers and selling partners. Stay tuned for details about Prime Day in these countries. Amazon.ca is donating $1.5 million for COVID-19 relief to the Canadian Red Cross, United Way of Canada, and True North Aid. All of these organizations provide much-needed support services in the communities we operate in, and we will continue to support the work they are doing across Canada. Amazon.in is providing COVID-19 health insurance, completely free of cost, for its sellers. The insurance will help cover the expenses related to COVID-19 hospitalization and treatment as well as ambulance assistance and ICU charges of up to INR 50,000, and it will be valid for one year after activation. Amazon is also partnering with several nonprofits across the country to donate hygiene aid kits, personal protective equipment kits, and groceries in support of healthcare workers and communities most affected by COVID-19."
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AMZN | Hot Stocks05:52 EDT Amazon.com's annual Prime Day event to be held June 21, June 22 - Amazon's annual Prime Day event will be held June 21 and June 22, kicking off summer with two days of epic deals and the best savings Prime has to offer. The shopping extravaganza will deliver Prime members over 2M deals across every category, including fashion, home, beauty, electronics, and more, along with the best in entertainment benefits and never-before-seen exclusives across Prime Video, Amazon Music, Prime Gaming, and more. Prime Day kicks off on June 21 at midnight PDT (3 a.m. EDT) and runs through June 22 for Prime members in the U.S., the U.K., the United Arab Emirates, Turkey, Spain, Singapore, Saudi Arabia, Portugal, Netherlands, Mexico, Luxembourg, Japan, Italy, Germany, France, China, Brazil, Belgium, Austria, and Australia.
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MRNA | Hot Stocks05:49 EDT Moderna enters production agreement with Lonza in the Netherlands - Moderna announced that it has entered into an additional agreement with Lonza to support drug substance manufacturing for its global supply chain. The agreement will establish a new production line at Lonza's Geleen site in the Netherlands, contributing to the supply of an additional 300M doses of Moderna's updated booster variant vaccine candidate, if authorized, per year, at a 50 microgram dose. In addition to previously announced investments in drug substance manufacturing with ROVI in Granada, Spain, the company now expects to be able to supply the equivalent of 600M 50 microgram doses per year from production within the European Union. Both new drug substance lines in the European Union are expected to be operational before the end of 2021.
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ETSY | Hot Stocks05:47 EDT Etsy to acquire Depop for $1.625B - Etsy has signed a definitive agreement to acquire Depop, a privately-held, community-led, and purpose-driven marketplace for unique fashion for $1.625B consisting primarily of cash, subject to certain adjustments for Depop's working capital, transaction expenses, cash and indebtedness, and certain deferred and unvested equity for Depop management and employees. Following the closing of the transaction, currently anticipated to occur during the third quarter, Depop will continue to be headquartered in London, England and operate as a standalone marketplace run by its existing leadership team. Founded in 2011, Depop is a community-powered marketplace to buy and sell unique fashion, with a mission to build the world's most diverse and progressive home of fashion. Depop's 2020 gross merchandise sales and revenue were approximately $650M and $70M, respectively, each increasing over 100% year-over-year. Depop's GMS grew at a compounded annual growth rate of nearly 80% from 2017-2020. Depop is expected to be accretive to Etsy's top line growth rate and modestly dilutive to Etsy's adjusted EBITDA margin.
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TSLA | Hot Stocks05:44 EDT Tesla CEO says supply chain 'biggest challenge,' but not long-term issue - Tesla CEO Elon Musk said via Twitter, "Our biggest challenge is supply chain, especially microcontroller chips. Never seen anything like it. Fear of running out is causing every company to overorder - like the toilet paper shortage, but at epic scale. That said, it's obv not a long-term issue." Musk was responding to a tweet that read: "Quick thought - Fact: $TSLA is shipping cars from China to Europe and increasing prices in the U.S. underlying reality: demand in the US is insane, Tesla has to increase prices and keep all local production onshore to manage it. 2Q21 print will be interesting!"
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